SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549


                                    FORM 8-K

                                 CURRENT REPORT


         Pursuant to Section 13 or 15(d) of the Securities Exchange Act



                                  August 7, 2001
                        (Date of Earliest Event Reported)


                             VENTURES NATIONAL, INC.
             (Exact Name of Registrant as Specified in its Charter)


          Utah                        2-98075-D             87-0433444
   (State or other Jurisdiction) (Commission File No.) (IRS Employer I.D. No.)



                         5525 SOUTH 900 EAST, SUITE 110
                           SALT LAKE CITY, UTAH 84117
                      (Principal Executive Office Address)


        Registrant's Telephone Number, Including Area Code: (801)262-8844






Item 1.   Changes in Control of Registrant.

          None; not applicable.

Item 2.   Acquisition or Disposition of Assets.

          None; not applicable.

Item 3.   Bankruptcy or Receivership.

          None; not applicable
Item 4.   Changes in Registrant's Certifying Accountant.

     Mantyla McReynolds,  Certified Public Acountants,  of Salt Lake City, Utah,
has been  retained to audit the  financials  of the  Registrant  as of August 7,
2001.  Mantyla  McReynolds  are preparing  audited  financial  statements of the
Registrant  for the  calendar  year  ended June 30,  2001;  The  Registrant  has
contacted  its  previous   auditor,   Thurman  Shaw  &  Co.,   Certified  Public
Accountants,  and there are no  disagreements  between  the  Registrant  and the
previous auditor,  Thurman Shaw & Co., whether resolved or not resolved,  on any
matter of accounting principles or practices, financial statement disclosures or
auditing  scope or  procedure,  which would cause them to make  reference to the
subject matter of a disagreement in connection with their reports.

     It is not anticipated that the reports of Mantyla McReynolds,  will contain
any adverse  opinion or disclaimer or opinion,  with the exception of a standard
"going concern" qualification, if applicable.

     The  registrant  has  provided  Thurman Shaw & Co.,  with a copy of the
disclosure  provided  under this caption of this  Report,  and has advised it to
provide the  Registrant  with a letter  addressed to the Securities and Exchange
Commision as to whether it agrees or disagrees with the disclosure  made herein.
A copy of its  response  is  attached  hereto  and  incorporated  herein by this
reference. See item 7.



Item 5.   Other Events.

          None; not applicable.

Item 6.   Resignations of Directors and Executive Officers.

          None; not applicable

Item 7.   Financial Statements and Exhibits.

          Financial Statements.
          ---------------------

          None; not applicable.

          Exhibits.
          ---------

          Description of Exhibits                            Exhibit #
          -----------------------                            ---------

          Letter on change in Certifying Accountants            16


Item 8.   Change in Fiscal Year.

          None; not applicable.



                                   SIGNATURES

          Pursuant to the  requirements of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this Report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                   VENTURES NATIONAL, INC.


Date: 8/8/01                        /S/ LUKE BRADLEY
     ---------------                --------------------------------------
                                    LUKE BRADLEY, VICE PRESIDENT AND DIRECTOR