EXHIBIT 4.6

                           JOLLA COVE INVESTORS, INC.
                          2250 UNION STREET, SUITE 301
                         SAN FRANCISCO, CALIFORNIA 94123
                            TELEPHONE: (415) 409-8703
                            FACSIMILE: (415) 409-8704
                            E-MAIL: LJCI@PACBELL.NET
LA JOLLA                      www.ljcinvestors.com                 SAN FRANCISCO


                                                December ___, 2002

Mr. Andre Fernandez
American Ammunition, Inc.
3545 NW 71st St.
Miami, FL 33147

Dear Andre:

This  letter  shall  serve  as an  addendum  to  the  following  documents:  8 %
Convertible  Debenture,   Registration  Rights  Agreement,  Securities  Purchase
Agreement and the Warrant to Purchase Common Stock. Capitalized terms shall have
the meaning set forth in the  respective  documents.  The following  changes and
additions are hereby made and agreed upon:

     1. The second  sentence of Section 3.1(a) of the  Convertible  Debenture is
hereby amended to read as follows:

     "The number of Common Shares into which this  Debenture may be converted is
     equal to the dollar amount of the Debenture being  converted  multiplied by
     eleven,  minus the product of the Conversion  Price multiplied by ten times
     the  dollar  amount  of  the  Debenture  being  converted,  divided  by the
     Conversion Price."

     2. The first  sentence of the second  paragraph  of the Warrant to Purchase
Common Stock is hereby amended to read as follows:

     "The Company  hereby  grants to Holder the right to purchase that number of
     shares of the  Company's  Common Stock (the  "Shares" or "Warrant  Shares")
     equal to ten (10) times the dollar amount of the Debenture  being converted
     divided by the Exercise Price."

     3. Section 1.4 of the Warrant to Purchase Common Stock is hereby amended to
read as follows:

         "The Exercise Price of this Warrant shall be $1.00.


Sincerely,


Travis W. Huff
Portfolio Manager

Agreed to:

American Ammunition, Inc.


By: __________________________

Title: _________________________