<HTML><HEAD><TITLE>Form S-8</TITLE>
<BODY bgColor=white>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT
face="Times New Roman" size=2><B>As filed with the Securities and Exchange Commission
  on July 26, 2004 </B></FONT></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=right><FONT
face="Times New Roman" size=2><B>Registration No.
333-<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
</B></FONT></P>
<HR align=left color=#000000 noShade SIZE=3>

<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px"><FONT size=1></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT
face="Times New Roman" size=5><B>SECURITIES AND EXCHANGE COMMISSION
</B></FONT></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT
face="Times New Roman" size=3><B>Washington, D.C. 20549 </B></FONT></P>
<P align="center" style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><FONT size=1></FONT></P>
<hr width="100">
<P align="center" style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px">&nbsp;</P>
<P align="center" style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><FONT
face="Times New Roman" size=5><B>FORM S-8 </B></FONT></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><FONT size=1></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT
face="Times New Roman" size=5><B>REGISTRATION STATEMENT </B></FONT></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT
face="Times New Roman" size=3><B><I>UNDER </I></B></FONT></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT
face="Times New Roman" size=3><B><I>THE SECURITIES ACT OF 1933
</I></B></FONT></P>
<P align="center" style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px"><FONT size=1></FONT>&nbsp;</P>
<hr width="100">
<P align="center" style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp; </P>
<TABLE border=0 align="center" cellpadding=0 cellspacing=0>
  <TR>
    <TD width = 26%> </TD>
    <TD width = 2%> </TD>
    <TD width = 43%> </TD>
    <TD width = 2%> </TD>
    <TD width = 25%> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center colspan=5> <B><FONT face="serif">AMERICAN </FONT></B><B><FONT face="serif">BUSINESS
      CORPORATION</FONT></B> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center colspan=5> <FONT size=1 face="serif">(Exact name of registrant
      as specified in its charter)</FONT> </TD>
  </TR>
  <TR>
    <TD colspan = 5>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=center> <B><FONT size=2 face="serif">Colorado</FONT></B>&nbsp;
    </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=center> <B><FONT size=2 face="serif">68-0133692</FONT></B>&nbsp;
    </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=center> <FONT size=1 face="serif">(State or other
      jurisdiction</FONT>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=center> <FONT size=1 face="serif">(IRS Employer
      Identification No.)</FONT>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=center> <FONT size=1 face="serif">of incorporation
      or organization)</FONT>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan = 5>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center colspan=5> <B><FONT size=2 face="serif">477 Madison Avenue,
      12th Floor</FONT></B> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center colspan=5> <B><FONT size=2 face="serif">New York, New York
      10022</FONT></B> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center colspan=5> <FONT size=1 face="serif">(Address of principal
      executive offices) (Zip Code)</FONT> </TD>
  </TR>
  <TR>
    <TD colspan = 5>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=5 align=center> <B><FONT size=2 face="serif">AMERICAN BUSINESS</FONT></B><B><FONT size=2 face="serif">
      CORPORATION 2004<br>
      LONG TERM INCENTIVE COMPENSATION </FONT></B><B><FONT size=2 face="serif">PLAN</FONT></B>&nbsp;
    </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center colspan=5> <FONT size=1 face="serif">(Full title of the Plan(s))</FONT>
    </TD>
  </TR>
</TABLE>
<BR>
<hr width="100">
<P align="center"> <B><FONT size=2 face="serif">Anthony R. Russo </FONT></B></P>
<P align="center"> <B><FONT size=2 face="serif"> President and Chief Executive
  Officer <br>
  American Business Corporation <br>
  477 Madison Avenue &#150; 12th Floor <br>
  New York, New York 10022 </FONT></B><br>
  <FONT size=1 face="serif">(Name and address of agent for service)</FONT><FONT face="serif">
  </FONT></P>
<hr width="100">
<P align="center"> <B><FONT size=2 face="serif">(212) 308-8700 </FONT></B><br>
  <FONT size=1 face="serif">(Telephone number, including area code, of agent for
  service) </FONT></P>
<P align="center"> <B><FONT size=2 face="serif">Copies to: <br>
  Peter Campitiello, Esq. <br>
  Levy &amp; Boonshoft, P.C. </FONT></B>&nbsp;&nbsp;<br>
  <B><FONT size=2 face="serif">477 Madison Avenue <br>
  New York, New York 10022 <br>
  (212) 751-1414 </FONT></B></P>
<P align="center">&nbsp; </P>
<hr width="100">
<hr align=LEFT width="100%" color=#999999 size=3>
<p style="PAGE-BREAK-BEFORE: always">&nbsp;<br>
&nbsp;
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT
face="Times New Roman" size=2><B>CALCULATION OF REGISTRATION FEE </B></FONT></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px"><FONT size=1></FONT>&nbsp;</P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" align=center border=0>

  <TR>
    <TD width="46%"></TD>
    <TD vAlign=bottom width="6%"></TD>
    <TD width="12%"></TD>
    <TD vAlign=bottom width="6%"></TD>
    <TD width="3%"></TD>
    <TD vAlign=bottom width="6%"></TD>
    <TD width="7%"></TD>
    <TD vAlign=bottom width="6%"></TD>
    <TD width="5%"></TD></TR>
  <TR>
    <TD vAlign=bottom colSpan=9>
      <HR color=#000000 noShade SIZE=3>
    </TD></TR>
  <TR>
      <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom
      align=middle><FONT face="Times New Roman" size=1><B>Title of Securities
        to be Registered</B></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom><FONT
      size=1>&nbsp;&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom noWrap
    align=middle><FONT face="Times New Roman" size=1><B>Amount to
      be<BR>registered (1)</B></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom><FONT
      size=1>&nbsp;&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom noWrap
    align=middle><FONT face="Times New Roman"
      size=1><B>Proposed<BR>maximum&nbsp;offering<BR>price&nbsp;per&nbsp;share&nbsp;(2)</B></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom><FONT
      size=1>&nbsp;&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom noWrap
    align=middle><FONT face="Times New Roman"
      size=1><B>Proposed<BR>maximum<BR>aggregate&nbsp;offering<BR>price
      (2)</B></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom><FONT
      size=1>&nbsp;&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom noWrap
    align=middle><FONT face="Times New Roman" size=1><B>Amount
      of<BR>registration fee</B></FONT></TD></TR>
  <TR>
      <TD vAlign=top> <P style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><FONT
      face="Times New Roman" size=2>Common Stock, par value $.</FONT><FONT size=2 face="serif">001</FONT><FONT
      face="Times New Roman" size=2> per share</FONT></P></TD>
    <TD vAlign=bottom><FONT size=1>&nbsp;&nbsp;</FONT></TD>
      <TD vAlign=bottom align=middle><FONT face="Times New Roman"
      size=2>50,000,000&nbsp;shares</FONT></TD>
    <TD vAlign=bottom><FONT size=1>&nbsp;&nbsp;</FONT></TD>
      <TD vAlign=bottom align=middle><FONT face="Times New Roman"
      size=2>$</FONT><FONT size=2 face="serif">0.060</FONT></TD>
    <TD vAlign=bottom><FONT size=1>&nbsp;&nbsp;</FONT></TD>
      <TD vAlign=bottom align=middle><FONT face="Times New Roman"
      size=2>$</FONT><FONT size=2 face="serif">3,000,000</FONT></TD>
    <TD vAlign=bottom><FONT size=1>&nbsp;&nbsp;</FONT></TD>
      <TD vAlign=bottom align=middle><FONT face="Times New Roman"
      size=2>$</FONT><FONT size=2 face="serif">380.10</FONT></TD>
    </TR>
  <TR>
    <TD vAlign=bottom colSpan=9>
      <HR color=#000000 noShade SIZE=3>
    </TD></TR></TABLE><BR>
<TABLE width="78%" border=0 cellpadding=0 cellspacing=0>
  <TR>
	<TD width = 100%>
	</TD>
</TR>
<TR valign="bottom">
	<TD nowrap colspan=1 align=left> <FONT size=2 face="serif">(1) Pursuant to
      Rule 416 under the Securities Act of 1933, as amended, this Registration
      Statement shall</FONT>&nbsp; </TD>
</TR>
<TR valign="bottom">
	<TD nowrap colspan=1 align=left> <FONT size=2 face="serif">also cover any
      additional shares of Common Stock which become issuable under the American
      Business</FONT>&nbsp; </TD>
</TR>
<TR valign="bottom">
	<TD nowrap colspan=1 align=left> <FONT size=2 face="serif">Corporation 2004
      Long Term Incentive Compensation Plan by reason of any stock dividend, stock
      split,</FONT>&nbsp; </TD>
</TR>
<TR valign="bottom">
	<TD nowrap colspan=1 align=left> <FONT size=2 face="serif">recapitalization
      or other similar transaction effected without the Registrant's receipt of
      consideration</FONT>&nbsp; </TD>
</TR>
<TR valign="bottom">
	<TD nowrap colspan=1 align=left> <FONT size=2 face="serif">which results in
      an increase in the number of the outstanding shares of Registrant's Common
      Stock. No</FONT>&nbsp; </TD>
</TR>
<TR valign="bottom">
	<TD nowrap colspan=1 align=left> <FONT size=2 face="serif">separate consideration
      is paid for these rights and, as a result, no registration fee for these
      rights is</FONT>&nbsp; </TD>
</TR>
<TR valign="bottom">
	<TD nowrap colspan=1 align=left> <FONT size=2 face="serif">included in the
      fee for the common stock.</FONT>&nbsp; </TD>
</TR>
<TR>
	<TD colspan = 1 align="left">&nbsp; </TD>
</TR>
<TR valign="bottom">
	<TD nowrap colspan=1 align=left> <FONT size=2 face="serif">(2) Calculated
      solely for purposes of this offering under Rules 457(c) and (h) of the Securities
      Act of 1933,</FONT>&nbsp; </TD>
</TR>
<TR valign="bottom">
	<TD nowrap colspan=1 align=left> <FONT size=2 face="serif">as amended. The
      price per share and aggregate offering price are calculated on the basis
      of the average</FONT>&nbsp; </TD>
</TR>
<TR valign="bottom">
	<TD nowrap colspan=1 align=left> <FONT size=2 face="serif">of the high and
      low selling price per share of the Registrant's Common Stock on July 16,
      2004, as</FONT>&nbsp; </TD>
</TR>
<TR valign="bottom">
	<TD nowrap colspan=1 align=left> <FONT size=2 face="serif">reported by the
      NASD OTC Bulletin Board, for the 50,000,000 shares issuable under the 2004
      Long </FONT>&nbsp; </TD>
</TR>
<TR valign="bottom">
	<TD nowrap colspan=1 align=left> <FONT size=2 face="serif">Term Incentive
      Compensation Plan that are not subject to outstanding options.</FONT>&nbsp;
    </TD>
</TR>
<TR>
	<TD colspan =1 align="left"> <hr align=LEFT width="100%" color=#999999 size=3>
      <p style="PAGE-BREAK-BEFORE: always">&nbsp;</TD>
</TR>
<TR>
	<TD colspan = 1 align="left">&nbsp; </TD>
</TR>
<TR>
	<TD colspan = 1 align="left">&nbsp; </TD>
</TR>
<TR valign="bottom">
	<TD align=center colspan=1>
<B><FONT size=2 face="serif">PART II</FONT></B>
	</TD>
</TR>
<TR>
	<TD colspan = 1>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=center colspan=1>
<B><FONT size=2 face="serif">Information Required in the Registration Statement</FONT></B>
	</TD>
</TR>
<TR>
	<TD colspan = 1>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD nowrap colspan=1 align=left>
<FONT size=2 face="serif">Item 3. </FONT><U><FONT size=2 face="serif">Incorporation of Documents by Reference</FONT></U>&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan = 1 align="left">&nbsp; </TD>
</TR>
<TR valign="bottom">
	<TD nowrap colspan=1 align=left> <FONT size=2 face="serif">American Business
      Corporation (the "Registrant") hereby incorporates by reference into this</FONT>&nbsp;
    </TD>
</TR>
<TR valign="bottom">
	<TD nowrap colspan=1 align=left> <FONT size=2 face="serif">Registration Statement
      the following documents previously filed with the Securities and Exchange</FONT>&nbsp;
    </TD>
</TR>
<TR valign="bottom">
	<TD nowrap colspan=1 align=left>
<FONT size=2 face="serif">Commission (the "Commission"):</FONT>&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan = 1 align="left">&nbsp; </TD>
</TR>
<TR valign="bottom">
	<TD nowrap colspan=1 align=left> <FONT size=2 face="serif">(a) The Registrant's
      Annual Report on Form 10-KSB, filed with the Commission on April 14, 2004
      for</FONT>&nbsp; </TD>
</TR>
<TR valign="bottom">
	<TD nowrap colspan=1 align=left> <FONT size=2 face="serif">the fiscal year
      ended December 31, 2003;</FONT>&nbsp; </TD>
</TR>
<TR>
	<TD colspan = 1 align="left">&nbsp; </TD>
</TR>
<TR valign="bottom">
	<TD nowrap colspan=1 align=left> <FONT size=2 face="serif">(b) The Registrant's
      Quarterly Report on Form 10-QSB filed with the Commission on May 17, 2004
      for</FONT>&nbsp; </TD>
</TR>
<TR valign="bottom">
	<TD nowrap colspan=1 align=left> <FONT size=2 face="serif">the quarter ended
      March 31, 2004; and</FONT>&nbsp; </TD>
</TR>
<TR>
	<TD colspan = 1 align="left">&nbsp; </TD>
</TR>
<TR valign="bottom">
	<TD nowrap colspan=1 align=left>
<FONT size=2 face="serif">(c) The Current Reports on Form 8-K, filed with the Commission on June 3 and June 28, 2004.</FONT>&nbsp;
	</TD>
</TR>
</TABLE><BR>
<P> <FONT size=2 face="serif"> Any and all reports and definitive proxy or information
  statements filed pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange
  Act after the date of this Registration Statement and prior to the filing of
  a post-effective amendment which indicates that all securities offered hereby
  have been sold or which deregisters all securities then remaining unsold shall
  be deemed to be incorporated by reference into this Registration Statement and
  to be a part hereof from the date of filing of such documents. Unless expressly
  incorporated into this Registration Statement, a report furnished on Form 8-K
  under the Exchange Act shall not be incorporated by reference into this Registration
  Statement. Any statement contained in a document incorporated or deemed to be
  incorporated by reference herein shall be deemed to be modified or superseded
  for purposes of this Registration Statement to the extent that a statement contained
  herein or in any subsequently filed document which also is deemed to be incorporated
  by reference herein modifies or supersedes such statement. Any such statement
  so modified or superseded shall not be deemed, except as so modified or superseded,
  to constitute a part of this Registration Statement.</FONT><FONT face="serif"></FONT><FONT size=2 face="serif">
  </FONT></P>

<hr align=LEFT width="100%" color=#999999 size=3>
<p style="PAGE-BREAK-BEFORE: always">&nbsp;<A name="page_3"></A>
<P>&nbsp; </P>
<P>
<FONT size=2 face="serif">Item 4. </FONT><U><FONT size=2 face="serif">Description of Securities</FONT></U><FONT face="serif"> </FONT></P>
<P>
<FONT size=2 face="serif">Not applicable.</FONT><FONT face="serif"> </FONT></P>
<P>
<FONT size=2 face="serif">Item 5. </FONT><U><FONT size=2 face="serif">Interests of Named Experts and Counsel</FONT></U><FONT face="serif"> </FONT></P>
<P>
<FONT size=2 face="serif">Not applicable.</FONT><FONT face="serif"> </FONT></P>
<P>
<FONT size=2 face="serif">Item 6. </FONT><U><FONT size=2 face="serif">Indemnification of Directors and Officers</FONT></U><FONT face="serif"> </FONT></P>
<P>
<FONT size=2 face="serif"> 	Sections 7-109-102, 7-109-103 and 7-109-107 of the Colorado Revised Statutes (the "C.R.S."), provide that, unless otherwise restricted in its bylaws, a business corporation may indemnify directors and officers against
liabilities they may incur as such provided that the particular person acted in good faith and in a manner he or she reasonably believed to be in, or not opposed to, the best interests of the corporation, and, with respect to any criminal
proceeding, had no reasonable cause to believe his or her conduct was unlawful. In general, the power to indemnify under these sections does not exist in the case of actions against a director or officer by or in the right of the corporation if the
person otherwise entitled to indemnification shall have been adjudged to be liable to the corporation or adjudged to have derived an improper personal benefit, whether or not involving action in an official capacity. Section 7-109-103 of the C.R.S.
requires a business corporation to indemnify directors and officers against expenses they may incur in defending actions against them in such capacities if they are successful on the merits or otherwise in the defense of such actions. Section
7-109-104 of the C.R.S. also permits a business corporation to reimburse reasonable expenses incurred in a proceeding prior to a final disposition of the proceeding. Section 7-109-105 of the C.R.S. also provides, that unless restricted in the
business corporation's articles of incorporation, a director who is a party in a court proceeding may apply for indemnification to the court presiding over the proceeding or another court of competent jurisdiction.</FONT><FONT face="serif">
</FONT></P>
<P>
<FONT size=2 face="serif"> 	Also, Section 7-109-108 of the C.R.S. authorizes corporations to further effect or secure its indemnification obligations by maintaining insurance on behalf of a person who was or is a director, officer, employee,
fiduciary or agent of the corporation, or on behalf of a person who is or was serving as a representative of the corporation. As of the date of the filing of this Registration Statement, the Registrant does not maintain any such insurance
protection. </FONT><FONT face="serif"> </FONT></P>
<P>
<FONT size=2 face="serif">Item 7. </FONT><U><FONT size=2 face="serif">Exemption from Registration Claimed</FONT></U><FONT face="serif"> </FONT></P>
<P>
<FONT size=2 face="serif">Not applicable.</FONT><FONT face="serif"> </FONT></P>
<P>
<FONT size=2 face="serif">Item 8. </FONT><U><FONT size=2 face="serif">Exhibits</FONT></U><FONT face="serif"> </FONT></P>
<TABLE border=0 cellspacing=0 cellpadding=0>
  <TR>
    <TD width = 11%> </TD>
    <TD width = 2%> </TD>
    <TD width = 86%> </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=center> <U><FONT size=2 face="serif">Exhibit</FONT></U>&nbsp;
    </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left> &nbsp; &nbsp; &nbsp;<U><FONT size=2 face="serif">Exhibit</FONT></U>&nbsp;
    </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=center> <U><FONT size=2 face="serif">Number</FONT></U>&nbsp;
    </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan = 3>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=center> <div align="right"><FONT size=2 face="serif">5</FONT>&nbsp;
      </div></TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left> &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif"><a href="#x5.htm">Opinion
      and consent of Levy &amp; Boonshoft, P.C</a></FONT>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=center> <div align="right"><FONT size=2 face="serif">23.1</FONT>&nbsp;
      </div></TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left> &nbsp; &nbsp; &nbsp;<a href="#x23.htm"><FONT size=2 face="serif">Consent
      of Rosenberg Rich Baker Berman &amp; Co.</FONT></a>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=center> <div align="right"><FONT size=2 face="serif">23.2</FONT>&nbsp;
      </div></TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left> &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Consent
      of Levy &amp; Boonshoft, P.C. (contained in Exhibit 5).</FONT>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=center> <div align="right"><FONT size=2 face="serif">24</FONT>&nbsp;
      </div></TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left> &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Power
      of Attorney. Reference is made to page II-4 of this Registration Statement.</FONT>&nbsp;
    </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=center> <div align="right"><FONT size=2 face="serif">99.1</FONT>&nbsp;
      </div></TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left>
<p>&nbsp; &nbsp; &nbsp;<FONT size=2 face="serif"><a href="#x99.htm">American
        Business Corporation 2004 Long Term Incentive Compensation Plan.</a></FONT>&nbsp;
      </p>
      </TD>
  </TR>
</TABLE>
<BR>
<hr align=LEFT width="100%" color=#999999 size=3>
<p style="PAGE-BREAK-BEFORE: always">&nbsp;<A name="page_4"></A>
<P>
<FONT size=2 face="serif">Item 9. </FONT><U><FONT size=2 face="serif">Undertakings</FONT></U><FONT face="serif"> </FONT></P>
<P> <FONT size=2 face="serif"> A. The undersigned Registrant hereby undertakes:
  (1) to file, during any period in which offers or sales are being made, a post-effective
  amendment to this Registration Statement: (i) to include any prospectus required
  by Section 10(a)(3) of the Securities Act of 1933, (ii) to reflect in the prospectus
  any facts or events arising after the effective date of this Registration Statement
  (or the most recent post-effective amendment thereof) which, individually or
  in the aggregate, represent a fundamental change in the information set forth
  in this Registration Statement and (iii) to include any material information
  with respect to the plan of distribution not previously disclosed in this Registration
  Statement or any material change to such information in this Registration Statement;
  provided, however, that clauses (1)(i) and (1)(ii) shall not apply if the information
  required to be included in a post-effective amendment by those clauses is contained
  in periodic reports filed with or furnished to the Commission by the Registrant
  pursuant to Section 13 or Section 15(d) of the Exchange Act of 1934 that are
  incorporated by reference into this Registration Statement; (2) that for the
  purpose of determining any liability under the Securities Act of 1933 each such
  post-effective amendment shall be deemed to be a new registration statement
  relating to the securities offered therein and the offering of such securities
  at that time shall be deemed to be the initial bona fide offering thereof; and
  (3) to remove from registration by means of a post-effective amendment any of
  the securities being registered which remain unsold at the termination of the
  Registrant's 2004 Long Term Incentive Compensation Plan.</FONT></P>
<P>
<FONT size=2 face="serif"> 	B. The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of
the Exchange Act that is incorporated by reference into this Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.</FONT><FONT face="serif"> </FONT></P>
<P>
<FONT size=2 face="serif"> 	C. Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers or controlling persons of the Registrant pursuant to the indemnification provisions summarized
in Item 6 or otherwise, the Registrant has been advised that, in the opinion of the Commission, such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer, or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted
by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act of 1933, as amended, and will be governed by the final adjudication of such issue.</FONT><FONT face="serif"> </FONT></P>
<P align="center">
<B><FONT size=2 face="serif">SIGNATURES</FONT></B><FONT face="serif"> </FONT></P>
<P> <FONT size=2 face="serif"> Pursuant to the requirements of the Securities
  Act of 1933, as amended, the Registrant certifies that it has reasonable grounds
  to believe that it meets all of the requirements for filing on Form S-8, and
  has duly caused this Registration Statement to be signed on its behalf by the
  undersigned, thereunto duly authorized, in the City of New York, State of New
  York, on July 16, 2004.</FONT><FONT face="serif"> </FONT></P>
<P align="right">
<TABLE width="54%" border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD width = 0%></TD>
    <TD width = 0%></TD>
    <TD width = 0%></TD>
    <TD width = 0%></TD>
    <TD width = 0%></TD>
    <TD width = 0%></TD>
    <TD width = 2%></TD>
    <TD width = 58%></TD>
    <TD width = 40%> </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap align=left>&nbsp;</TD>
    <TD width="0%" align=left nowrap>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap colspan=1 align=left> <B><FONT size=2 face="serif">American Business
      Corporation</FONT></B>&nbsp; </TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan = 1>&nbsp; </TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan = 1>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap colspan=1 align=left> <FONT size=2 face="serif">By: </FONT><U><FONT size=2 face="serif">/s/
      Anthony R. Russo</FONT></U>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap colspan=1 align=left> <FONT size=2 face="serif">Anthony R. Russo</FONT>&nbsp;
    </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap align=left>&nbsp;</TD>
    <TD nowrap colspan=1 align=left> <FONT size=2 face="serif">President, Chief
      Executive Officer and Director</FONT>&nbsp; </TD>
  </TR>
</TABLE>
<BR>
<p></P>

<HR noshade align="center" width="100%" size=2>


<A name="page_5"></A>

<P>
<B><FONT size=2 face="serif">POWER OF ATTORNEY</FONT></B><FONT face="serif"> </FONT></P>
<P>
<B><FONT size=2 face="serif">KNOW ALL PERSONS BY THESE PRESENTS:</FONT></B><FONT face="serif"> </FONT></P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">That the undersigned officers and directors of American Business Corporation, a Colorado corporation, do hereby constitute and appoint Anthony R. Russo, President, Chief Executive Officer and
Chief Financial Officer the lawful attorney-in-fact and agent with full power and authority to do any and all acts and things and to execute any and all instruments which said attorney and agent, determine(s) may be necessary or advisable or
required to enable said corporation to comply with the Securities Act of 1933, as amended, and any rules or regulations or requirements of the Securities and Exchange Commission in connection with this Registration Statement. Without limiting the
generality of the foregoing power and authority, the powers granted include the power and authority to sign the names of the undersigned officers and directors in the capacities indicated below to this Registration Statement, to any and all
amendments, both pre-effective and post-effective, and supplements to this Registration Statement, and to any and all instruments or documents filed as part of or in conjunction with this Registration Statement or amendments or supplements thereof,
and each of the undersigned hereby ratifies and confirms all that said attorney and agent shall do or cause to be done by virtue hereof. This Power of Attorney may be signed in several counterparts.</FONT><FONT face="serif"> </FONT></P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT size=2 face="serif">IN WITNESS WHEREOF</FONT></B><FONT size=2 face="serif">, each of the undersigned has executed this Power of Attorney as of the date indicated.</FONT><FONT face="serif"> </FONT></P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the dates
indicated.</FONT><FONT face="serif"> </FONT></P>
<TABLE border=0 cellspacing=0 cellpadding=0>
  <TR>
    <TD width = 30%> </TD>
    <TD width = 2%> </TD>
    <TD width = 51%> </TD>
    <TD width = 2%> </TD>
    <TD width = 14%> </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<B><FONT size=1 face="serif">Signature</FONT></B>&nbsp;
    </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=center> <B><FONT size=1 face="serif">Title</FONT></B>&nbsp;
    </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=center> <B><FONT size=1 face="serif">Date</FONT></B>&nbsp;
    </TD>
  </TR>
  <TR>
    <TD colspan =1> <HR noshade size=1> </TD>
    <TD> </TD>
    <TD colspan =1> <HR noshade size=1> </TD>
    <TD> </TD>
    <TD colspan =1> <HR noshade size=1> </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=left> <U><FONT size=2 face="serif">/s/ ANTHONY
      R. RUSSO</FONT></U>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD  colspan=1 align=left nowrap> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">President,
      Chief Executive and Chief Financial</FONT>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD colspan=1 align=center nowrap> <FONT size=2 face="serif">July 16, 2004</FONT>&nbsp;
    </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=left> <FONT size=2 face="serif">Anthony R. Russo</FONT>&nbsp;
    </TD>
    <TD>&nbsp; </TD>
    <TD  colspan=1 align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Officer
      and Director (Principal Executive and</FONT>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=left>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Accounting
      Officer)</FONT>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan = 5>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan = 5>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=left> <U><FONT size=2 face="serif">/s/ PETER CAMPITIELLO</FONT></U>&nbsp;
    </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Secretary</FONT>&nbsp;
    </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=center> <FONT size=2 face="serif">July 16, 2004</FONT>&nbsp;
    </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=left> <FONT size=2 face="serif">Peter Campitiello</FONT>&nbsp;
    </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan = 5>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=left> <U><FONT size=2 face="serif">/s/ DANNY L.
      PIXLER</FONT></U>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Director,
      Chairman</FONT>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=center> <FONT size=2 face="serif">July 16, 2004</FONT>&nbsp;
    </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=left> <FONT size=2 face="serif">Danny L. Pixler</FONT>&nbsp;
    </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan = 5>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=left> <U><FONT size=2 face="serif">/s/ EUGENE M.
      WEISS</FONT></U>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Director</FONT>&nbsp;
    </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=center> <FONT size=2 face="serif">July 16, 2004</FONT>&nbsp;
    </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=left> <FONT size=2 face="serif">Eugene M. Weiss</FONT>&nbsp;
    </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left>&nbsp; </TD>
  </TR>
</TABLE>
<BR>

<HR noshade align="center" width="100%" size=2>


<A name="page_6"></A>

<P>&nbsp; </P>
<P align="center">
<FONT size=2 face="serif">SECURITIES AND EXCHANGE COMMISSION</FONT><FONT face="serif"> </FONT></P>
<P align="center">
<FONT size=2 face="serif">WASHINGTON, D.C.</FONT><FONT face="serif"> </FONT></P>
<P align="center">
<FONT size=2 face="serif">EXHIBITS</FONT><FONT face="serif"> </FONT></P>
<P align="center">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">TO</FONT><FONT face="serif"> </FONT><FONT size=2 face="serif">FORM S-8</FONT><FONT face="serif"> </FONT><FONT size=2 face="serif">UNDER</FONT><FONT face="serif"> </FONT></P>
<P align="center">
<FONT size=2 face="serif">SECURITIES ACT OF 1933</FONT><FONT face="serif"> </FONT></P>
<P align="center"> <B><FONT size=2 face="serif">AMERICAN BUSINESS CORPORATION</FONT></B></P>
<P align="center"><FONT size=2 face="serif">EXHIBIT INDEX</FONT><FONT face="serif">
  </FONT></P>
<TABLE border=0 align="center" cellpadding=0 cellspacing=0>
  <TR>
    <TD width = 11%> </TD>
    <TD width = 2%> </TD>
    <TD width = 86%> </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=center> <FONT size=2 face="serif">Exhibit</FONT>&nbsp;
    </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left> <div align="center">&nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Exhibit</FONT>&nbsp;
      </div></TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=center> <FONT size=2 face="serif">Number</FONT>&nbsp;
    </TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=3 align=center><HR noshade size=1></TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=center> <div align="right"><FONT size=2 face="serif">5</FONT>&nbsp;
      </div></TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left> &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif"><a href="#x5.htm">Opinion
      and consent of Levy &amp; Boonshoft, P.C</a></FONT>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=center> <div align="right"><FONT size=2 face="serif">23.1</FONT>&nbsp;
      </div></TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left> &nbsp; &nbsp; &nbsp;<a href="#x23.htm"><FONT size=2 face="serif">Consent
      of Rosenberg Rich Baker Berman &amp; Co.</FONT></a>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=center> <div align="right"><FONT size=2 face="serif">23.2</FONT>&nbsp;
      </div></TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left> &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Consent
      of Levy &amp; Boonshoft, P.C. (contained in Exhibit 5).</FONT>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=center> <div align="right"><FONT size=2 face="serif">24</FONT>&nbsp;
      </div></TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left> &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Power
      of Attorney. Reference is made to page II-4 of this Registration Statement.</FONT>&nbsp;
    </TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap colspan=1 align=center> <div align="right"><FONT size=2 face="serif">99.1</FONT>&nbsp;
      </div></TD>
    <TD>&nbsp; </TD>
    <TD nowrap colspan=1 align=left> <p>&nbsp; &nbsp; &nbsp;<FONT size=2 face="serif"><a href="#x99.htm">American
        Business Corporation 2004 Long Term Incentive Compensation Plan.</a></FONT>&nbsp;
      </p></TD>
  </TR>
</TABLE>
<BR>
<P align="center">&nbsp; </P>

<HR noshade align="center" width="100%" size=2>

</BODY>

</HTML>
[{"type": "S-8", "sequence": "1", "filename": "abcs-8701.htm", "secsgml_size_bytes": 38452}]
{"company-data": {"conformed-name": "LOGISTICS MANAGEMENT RESOURCES INC", "cik": "0000820408", "assigned-sic": "4213", "irs-number": "680133692", "state-of-incorporation": "CO", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-117661", "film-number": "04931111"}, "business-address": {"street1": "10602 TIMBERWOOD CIRCLE", "city": "LEXINGTON", "state": "KY", "zip": "40223", "phone": "8439722055"}, "mail-address": {"street1": "10602 TIMBERWOOD CIRCLE", "city": "LEXINGTON", "state": "KY", "zip": "40223"}, "former-company": [{"former-conformed-name": "U S TRUCKING INC", "date-changed": "19980923"}, {"former-conformed-name": "NORTHERN DANCER CORP", "date-changed": "19930723"}]}
Form S-8
As filed with the Securities and Exchange Commission
  on July 26, 2004
Registration No.
333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
AMERICAN
BUSINESS
      CORPORATION
(Exact name of registrant
      as specified in its charter)
Colorado
68-0133692
(State or other
      jurisdiction
(IRS Employer
      Identification No.)
of incorporation
      or organization)
477 Madison Avenue,
      12th Floor
New York, New York
      10022
(Address of principal
      executive offices) (Zip Code)
AMERICAN BUSINESS
CORPORATION 2004
LONG TERM INCENTIVE COMPENSATION
PLAN
(Full title of the Plan(s))
Anthony R. Russo
President and Chief Executive
  Officer
American Business Corporation
477 Madison Avenue – 12th Floor
New York, New York 10022
(Name and address of agent for service)
(212) 308-8700
(Telephone number, including area code, of agent for
  service)
Copies to:
Peter Campitiello, Esq.
Levy & Boonshoft, P.C.
477 Madison Avenue
New York, New York 10022
(212) 751-1414
CALCULATION OF REGISTRATION FEE
Title of Securities
        to be Registered
Amount to
      be
registered (1)
Proposed
maximum offering
price per share (2)
Proposed
maximum
aggregate offering
price
      (2)
Amount
      of
registration fee
Common Stock, par value $.
001
per share
50,000,000 shares
$
0.060
$
3,000,000
$
380.10
(1) Pursuant to
      Rule 416 under the Securities Act of 1933, as amended, this Registration
      Statement shall
also cover any
      additional shares of Common Stock which become issuable under the American
      Business
Corporation 2004
      Long Term Incentive Compensation Plan by reason of any stock dividend, stock
      split,
recapitalization
      or other similar transaction effected without the Registrant's receipt of
      consideration
which results in
      an increase in the number of the outstanding shares of Registrant's Common
      Stock. No
separate consideration
      is paid for these rights and, as a result, no registration fee for these
      rights is
included in the
      fee for the common stock.
(2) Calculated
      solely for purposes of this offering under Rules 457(c) and (h) of the Securities
      Act of 1933,
as amended. The
      price per share and aggregate offering price are calculated on the basis
      of the average
of the high and
      low selling price per share of the Registrant's Common Stock on July 16,
      2004, as
reported by the
      NASD OTC Bulletin Board, for the 50,000,000 shares issuable under the 2004
      Long
Term Incentive
      Compensation Plan that are not subject to outstanding options.
PART II
Information Required in the Registration Statement
Item 3.
Incorporation of Documents by Reference
American Business
      Corporation (the "Registrant") hereby incorporates by reference into this
Registration Statement
      the following documents previously filed with the Securities and Exchange
Commission (the "Commission"):
(a) The Registrant's
      Annual Report on Form 10-KSB, filed with the Commission on April 14, 2004
      for
the fiscal year
      ended December 31, 2003;
(b) The Registrant's
      Quarterly Report on Form 10-QSB filed with the Commission on May 17, 2004
      for
the quarter ended
      March 31, 2004; and
(c) The Current Reports on Form 8-K, filed with the Commission on June 3 and June 28, 2004.
Any and all reports and definitive proxy or information
  statements filed pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange
  Act after the date of this Registration Statement and prior to the filing of
  a post-effective amendment which indicates that all securities offered hereby
  have been sold or which deregisters all securities then remaining unsold shall
  be deemed to be incorporated by reference into this Registration Statement and
  to be a part hereof from the date of filing of such documents. Unless expressly
  incorporated into this Registration Statement, a report furnished on Form 8-K
  under the Exchange Act shall not be incorporated by reference into this Registration
  Statement. Any statement contained in a document incorporated or deemed to be
  incorporated by reference herein shall be deemed to be modified or superseded
  for purposes of this Registration Statement to the extent that a statement contained
  herein or in any subsequently filed document which also is deemed to be incorporated
  by reference herein modifies or supersedes such statement. Any such statement
  so modified or superseded shall not be deemed, except as so modified or superseded,
  to constitute a part of this Registration Statement.
Item 4.
Description of Securities
Not applicable.
Item 5.
Interests of Named Experts and Counsel
Not applicable.
Item 6.
Indemnification of Directors and Officers
Sections 7-109-102, 7-109-103 and 7-109-107 of the Colorado Revised Statutes (the "C.R.S."), provide that, unless otherwise restricted in its bylaws, a business corporation may indemnify directors and officers against
liabilities they may incur as such provided that the particular person acted in good faith and in a manner he or she reasonably believed to be in, or not opposed to, the best interests of the corporation, and, with respect to any criminal
proceeding, had no reasonable cause to believe his or her conduct was unlawful. In general, the power to indemnify under these sections does not exist in the case of actions against a director or officer by or in the right of the corporation if the
person otherwise entitled to indemnification shall have been adjudged to be liable to the corporation or adjudged to have derived an improper personal benefit, whether or not involving action in an official capacity. Section 7-109-103 of the C.R.S.
requires a business corporation to indemnify directors and officers against expenses they may incur in defending actions against them in such capacities if they are successful on the merits or otherwise in the defense of such actions. Section
7-109-104 of the C.R.S. also permits a business corporation to reimburse reasonable expenses incurred in a proceeding prior to a final disposition of the proceeding. Section 7-109-105 of the C.R.S. also provides, that unless restricted in the
business corporation's articles of incorporation, a director who is a party in a court proceeding may apply for indemnification to the court presiding over the proceeding or another court of competent jurisdiction.
Also, Section 7-109-108 of the C.R.S. authorizes corporations to further effect or secure its indemnification obligations by maintaining insurance on behalf of a person who was or is a director, officer, employee,
fiduciary or agent of the corporation, or on behalf of a person who is or was serving as a representative of the corporation. As of the date of the filing of this Registration Statement, the Registrant does not maintain any such insurance
protection.
Item 7.
Exemption from Registration Claimed
Not applicable.
Item 8.
Exhibits
Exhibit
Exhibit
Number
5
Opinion
      and consent of Levy & Boonshoft, P.C
23.1
Consent
      of Rosenberg Rich Baker Berman & Co.
23.2
Consent
      of Levy & Boonshoft, P.C. (contained in Exhibit 5).
24
Power
      of Attorney. Reference is made to page II-4 of this Registration Statement.
99.1
American
        Business Corporation 2004 Long Term Incentive Compensation Plan.
Item 9.
Undertakings
A. The undersigned Registrant hereby undertakes:
  (1) to file, during any period in which offers or sales are being made, a post-effective
  amendment to this Registration Statement: (i) to include any prospectus required
  by Section 10(a)(3) of the Securities Act of 1933, (ii) to reflect in the prospectus
  any facts or events arising after the effective date of this Registration Statement
  (or the most recent post-effective amendment thereof) which, individually or
  in the aggregate, represent a fundamental change in the information set forth
  in this Registration Statement and (iii) to include any material information
  with respect to the plan of distribution not previously disclosed in this Registration
  Statement or any material change to such information in this Registration Statement;
  provided, however, that clauses (1)(i) and (1)(ii) shall not apply if the information
  required to be included in a post-effective amendment by those clauses is contained
  in periodic reports filed with or furnished to the Commission by the Registrant
  pursuant to Section 13 or Section 15(d) of the Exchange Act of 1934 that are
  incorporated by reference into this Registration Statement; (2) that for the
  purpose of determining any liability under the Securities Act of 1933 each such
  post-effective amendment shall be deemed to be a new registration statement
  relating to the securities offered therein and the offering of such securities
  at that time shall be deemed to be the initial bona fide offering thereof; and
  (3) to remove from registration by means of a post-effective amendment any of
  the securities being registered which remain unsold at the termination of the
  Registrant's 2004 Long Term Incentive Compensation Plan.
B. The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of
the Exchange Act that is incorporated by reference into this Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
C. Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers or controlling persons of the Registrant pursuant to the indemnification provisions summarized
in Item 6 or otherwise, the Registrant has been advised that, in the opinion of the Commission, such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer, or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted
by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act of 1933, as amended, and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities
  Act of 1933, as amended, the Registrant certifies that it has reasonable grounds
  to believe that it meets all of the requirements for filing on Form S-8, and
  has duly caused this Registration Statement to be signed on its behalf by the
  undersigned, thereunto duly authorized, in the City of New York, State of New
  York, on July 16, 2004.
American Business
      Corporation
By:
/s/
      Anthony R. Russo
Anthony R. Russo
President, Chief
      Executive Officer and Director
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS:
That the undersigned officers and directors of American Business Corporation, a Colorado corporation, do hereby constitute and appoint Anthony R. Russo, President, Chief Executive Officer and
Chief Financial Officer the lawful attorney-in-fact and agent with full power and authority to do any and all acts and things and to execute any and all instruments which said attorney and agent, determine(s) may be necessary or advisable or
required to enable said corporation to comply with the Securities Act of 1933, as amended, and any rules or regulations or requirements of the Securities and Exchange Commission in connection with this Registration Statement. Without limiting the
generality of the foregoing power and authority, the powers granted include the power and authority to sign the names of the undersigned officers and directors in the capacities indicated below to this Registration Statement, to any and all
amendments, both pre-effective and post-effective, and supplements to this Registration Statement, and to any and all instruments or documents filed as part of or in conjunction with this Registration Statement or amendments or supplements thereof,
and each of the undersigned hereby ratifies and confirms all that said attorney and agent shall do or cause to be done by virtue hereof. This Power of Attorney may be signed in several counterparts.
IN WITNESS WHEREOF
, each of the undersigned has executed this Power of Attorney as of the date indicated.
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the dates
indicated.
Signature
Title
Date
/s/ ANTHONY
      R. RUSSO
President,
      Chief Executive and Chief Financial
July 16, 2004
Anthony R. Russo
Officer
      and Director (Principal Executive and
Accounting
      Officer)
/s/ PETER CAMPITIELLO
Secretary
July 16, 2004
Peter Campitiello
/s/ DANNY L.
      PIXLER
Director,
      Chairman
July 16, 2004
Danny L. Pixler
/s/ EUGENE M.
      WEISS
Director
July 16, 2004
Eugene M. Weiss
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
EXHIBITS
TO
FORM S-8
UNDER
SECURITIES ACT OF 1933
AMERICAN BUSINESS CORPORATION
EXHIBIT INDEX
Exhibit
Exhibit
Number
5
Opinion
      and consent of Levy & Boonshoft, P.C
23.1
Consent
      of Rosenberg Rich Baker Berman & Co.
23.2
Consent
      of Levy & Boonshoft, P.C. (contained in Exhibit 5).
24
Power
      of Attorney. Reference is made to page II-4 of this Registration Statement.
99.1
American
        Business Corporation 2004 Long Term Incentive Compensation Plan.