SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON, DC. 20549






                                    FORM 8-K

                                 CURRENT REPORT
                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


                Date of Report (Date of earliest event reported):
                                  September 30, 1999





                         AMERICAN PUBLIC HOLDINGS, INC.

             (Exact name of registrant as specified in its charter)

               Mississippi         0-22479             64-0874171
            (State or other    (Commission File     (I.R.S. Employer
            jurisdiction of         Number)          Identification
            incorporation)                               Number)

                          2305 Lakeland Drive
                          Jackson, Mississippi            39208
               (Address of principal executive offices) (Zip code)

                                 (601) 963-6600
              (Registrant's telephone number, including area code)





Item 5.   Other Events

          On September 30, 1999 American Public Holdings, Inc. issued a press
release announcing that it's negotiations with Central Benefits Mutual Insurance
Company  have ended without the parties reaching agreement on the acquisition of
American Public by Central Benefits Mutual.


Item 7.   Financial Statements, Pro Forma Financial Information and Exhibits.

          (c)  Exhibits.

               99.  Press Release issued by American Public Holdings, Inc. dated
                    September 30, 1999, headed "American Public and Central
                    Benefits Mutual End Discussions"






                                   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.

Dated:    September 30, 1999

                                    AMERICAN PUBLIC HOLDINGS, INC.



                                 By: /s/ Jerry C. Stovall
                                    ----------------------------------------
                                    Jerry C. Stovall, President
                                    and Chief Executive Officer





                                  EXHIBIT INDEX


99.  Press Release issued by American Public Holdings, Inc. dated September 30,
     1999, headed "American Public and Central Benefits Mutual End Discussions"