UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 8-K/A

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                          Date of Report: July 14, 2003

                       DEVELOPED TECHNOLOGY RESOURCE, INC.
             (Exact name of registrant as specified in its charter)

         MINNESOTA                      0-21394                  41-1713474
(State of other jurisdiction     (Commission File No.)         (IRS Employer
      of incorporation)                                   Identification Number)

          SOUTHPOINT OFFICE CENTER, 1650 WEST 82ND STREET, SUITE 1040,
                             BLOOMINGTON, MN 55431
               (Address of principal executive offices) (Zip Code)


       Registrant's telephone number, including area code: (952) 881-4105

                   5223 INDUSTRIAL BOULEVARD, EDINA, MN 55439
              (Former name, former address and former fiscal year,
                         if changed since last report)



ITEM 2.   ACQUISITION OR DISPOSITION OF ASSETS

     This second  amendment  amends Form 8-K dated April 30, 2003,  filed May 9,
2003 and July 14,  2003.  The 8-K  reported  the  acquisition  of GelStat  Corp.
("GelStat") by the registrant,  Developed Technology Resource, Inc. ("DTR"), and
a resulting  change of control of the registrant.  This amendment  completes the
required financial statement (historical and pro forma) disclosure.

ITEM 7.   FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

     The  following  historical  financial  statements  of GelStat and pro forma
combined financial statements of DTR and GelStat are hereby filed by this second
amendment to Form 8-K.

23.1 Consent of Gary Lundeen Company, PA.

99.1 Audited Financial  Statements of GelStat Corp. for the period from June 25,
     2002 (inception) to December 31, 2002.

99.2 Unaudited  Interim  Financial  Statements  of GelStat  Corp.  for the Three
     Months ended March 31, 2003.

99.3 Unaudited Pro forma financial information.



                                   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:  July 14, 2003                   DEVELOPED TECHNOLOGY RESOURCE, INC.

                                        By /s/ Stephen C. Roberts
                                           -------------------------------
                                           Stephen C. Roberts
                                           Chief Executive Officer