U. S. Securities and Exchange Commission

                      Washington, D.C. 20549

                            Form 12b-25

                    NOTIFICATION OF LATE FILING

(Check one) ____ Form 10-K   ___Form 20-F  ___Form 11-K
_X_ Form 10-Q   ___Form N-SAR

For period ended: March 31, 2000.

(   ) Transition Report on Form 10-K
(   ) Transition Report on Form 20-F
(   ) Transition Report on Form 11-K
(   ) Transition Report on Form 10-Q
(   ) Transition Report on Form N-SAR
For the Transition Period Ended: ____________.

If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates: __________.

PART I - REGISTRANT INFORMATION

FOUNTAIN COLONY VENTURES, INC.
Name of Registrant

Colorado                                  95-4723110
(State or other                          (I.R.S. Employer
jurisdiction of incorporation)            I.d. No.)

1621 Altivo Way
Los Angeles, CA                   90026
Address of Principal Office       Zip Code

Issuer's telephone number:        (818) 980-0929

PART II - RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed.  (Check box if appropriate)

(   ) a.  The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or expense;

( X ) b.  The subject annual report, semi-annual report, transition report
on Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion thereof, will
be filed on or before the fifteenth calendar day following the prescribed
due date; or the subject quarterly report of transition report on Form
10-Q, or portion thereof, will be filed on or before the fifth calendar day
following the prescribed due date; and

( ) c.  The accountant's statement or other exhibit required by Rule 12b-
25(c) has been attached if applicable.

PART III - NARRATIVE

State below in reasonable detail the reasons why the Form 10-K, 11-K,
10-Q, N-SAR, or the transition report or portion thereof, could not be
filed within the prescribed time period:

   Preparation and review of the financial statements is not yet complete.

PART IV - OTHER INFORMATION

(1)  Name and telephone number of person to contact in regard to this
information:

Patrick C. Brooks
Name

(818) 980-0929
Area Code and Phone Number

(2)  Have all other periodic reports required under Section 13 or 15(d)
of the Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940 during the preceding 12 months (or for such
shorter period that the registrant was required to file such reports) been
filed?  If answer is no, identify report(s).

       ( X ) Yes
       (   ) No

(3)  Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected
by the earnings statements to be included in the subject report or portion
thereof?

         (   ) Yes
         ( X ) No

If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.

Foutain Colony Ventures, Inc. has caused this notification to be signed
on its behalf by the undersigned hereunto duly authorized.

Date:  May 15, 2000


By:    /s/____________________________
       Patrick C. Brooks, President