UNITED STATES
         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 15, 2005



           Central American Equities Corp.
(Exact name of registrant as specified in its chapter)



      Florida          0-24185         65-0636168
  State or other      Commission       IRS Employer
  jurisdiction of    File Number    Identification No.
  incorporation



           Hotel Alta, Alto de las Palomas
                  Santa Ana, Costa Rica

                  Mailing Address:
        Hotel Alta, Interlink 964, POB 02-5635
                  Miami, FL   33102
       (Address of principal executive offices)

   Registrant's telephone number, including area code

                     +011-506-282-4160

__________________________________________________________


Item 4. Changes in Registrant's Certifying Accountant.

At a board of directors meeting held on September 15, 2005 of
which a quorum was present, the Board of Directors of Central
American Equities Corp. accepted the resignation of Clyde
Bailey, P.C. as its Certified Accountant for the fiscal years
ended December 31, 2002, December 31, 2003 and December 31,
2004.

During the past three years, Clyde Bailey, P.C. was the
principal accountant for Central American Equities Corp.  At
no time did Clyde Baileys financial statements contain an
adverse opinion or disclaimer of opinion or was modified as
to uncertainty, audit scope, or accounting principles.  Nor
were there any disagreements with Clyde Bailey, P.C. on any
matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure.

The registrant has requested Clyde Bailey, P.C. to furnish it
with a letter addressed to the Securities and Exchange
Commission stating whether or not he agrees with the
statements of the registrant herein and, if not, stating the
respects in which it does not agree.  A copy of the response
of Clyde Bailey, P.C. is attached as an exhibit to this
report.


Item 7. Exhibits

Letter from former accountant indicating agreement with the
statements in this filing.






CLYDE BAILEY P.C.
______________________________________________________________
                                      Certified Public Accountant
                                         10924 Vance Jackson #404
                                         San Antonio, Texas 78230
                                             (210) 699-1287(ofc.)
                             (888) 699-1287  (210) 691-2911 (fax)

                                                          Member:
                                      American Institute of CPA's
                                           Texas Society of CPA's


September 16, 2005

Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549


Dear Sirs/Madam:

I have read the statements made by Central American Equities Inc.,
which I understand will be filed with the Commission, pursuant to
Item 4 of Form 8-K as part of the Company's Form 8-K, dated
September 15, 2005. I agree with the statements concerning my firm
in such Form 8-K.

Sincerely,

/s/ Clyde Bailey
by: Clyde Bailey P.C.





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.

Central American Equities Corp.
      (Registrant)

Date: September 16, 2005


/s/ Michael N. Caggiano

___________________________________________
Michael N. Caggiano
President and CEO