As filed with the Securities and Exchange Commission on November 1, 2001
                                                           Reg. No. 333-
================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                    -----------------------------------------
                                    FORM S-8
                             REGISTRATION STATEMENT
                                      UNDER
                           THE SECURITIES ACT OF 1933
                       -----------------------------------
                        DIAMOND ENTERTAINMENT CORPORATION
             (Exact name of registrant as specified in its charter)

         New Jersey                                         22-2748019
(State or other jurisdiction of                          (I.R.S. Employer
incorporation or organization)                           identification No.)

                                 800 Tucker Lane
                            Walnut, California 91789
                                 (909) 839-1989
                    (Address of principal executive offices)
                ------------------------------------------------

                       ADVISORY AND CONSULTING AGREEMENTS
                              (Full title of plan)
                        --------------------------------

                                  JAMES K.T. LU
                                    President
                                 800 Tucker Lane
                            Walnut, California 91789
                     (Name and address of agent for service)
                                 (909) 839-1989
          (Telephone number, including area code of agent for service)

                                    Copy to:
                              Owen Naccarato, Esq.
                           19600 Fairchild, Suite 260
                                Irvine, CA 92612
                                 (949) 851-9261

                         CALCULATION OF REGISTRATION FEE
===============================================================================
   Title of                    Proposed maximum  Proposed maximum   Amount of
  securities      Amount to be  Offering price       Aggregate     registration
to be registered   Registered      Per share      offering price        fee
----------------  ------------ ---------------- ------------------ ------------
Common Stock       30,800,000      $  0.005         $154,000          $38.50
(no par value)
===============================================================================

Estimated solely for the purpose of determining the amount of registration fee
and pursuant to Rules 457(c) and 457 (h) of the General Rules and Regulations
under the Securities Act of 1993, based upon the exercise price of 30,800,000
options at $0.005 per share.


                                       1
<PAGE>


                                     PART I

              INFORMATION REQUIRED IN THIS SECTION 10(a) PROSPECTUS


Item 1.   Plan Information.*

Item 2.   Registrant Information and Employee Plan Annual Information.*

          *Information required by Part 1 to be contained in the Section 10(a)
          prospectus is omitted from the registration statement in accordance
          with Rule 428 under the Securities Act of 1933 and the Note to Part I
          of Form S-8.




                                       2
<PAGE>

                                     PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.   Incorporation of Documents by Reference

         The following documents filed by Diamond Entertainment Corporation (the
"Company") with the Securities and Exchange Commission (the "Commission") are
incorporated by reference herein:

         (a) the Company's annual report on Form 10-KSB for the fiscal year
ended March 31, 2001 (Commission File No. 0-17953):

         (b) all other reports filed by the Company pursuant to Section 13(a) or
Section 15 (d) of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), since March 31, 2001 through the date hereof;

         (c) the Registrant's Form S-18, file No. 33-33997 filed pursuant to
Section 12 of the Exchange Act, in which there is described the terms, rights
and provisions applicable to the Registrant's outstanding Common Stock, and

         (d) any document filed by the Company with the Commission pursuant to
Sections 13(a), 13( c), 14 or 15(d) of the Exchange Act subsequent to the date
hereof, but prior to the filing of a post-effective amendment to this
Registration Statement which indicates that all shares of Common Stock
registered hereunder have been sold or that deregisters all such shares of
common Stock then remaining unsold, such documents being deemed to be
incorporated by reference herein and to be part hereof from the date of filing
of such documents.

Item 4. Description of Securities

         Not applicable.

Item 5. Interests of Named Experts and Counsel

         Counsel acts as a legal consultant for the Company from time to time.

Item 6. Indemnification of Directors and Officer

         Section 14A: 3-5 of the New Jersey Business Corporation Act (the
"Statute") empowers a corporation as follows:

         "Any corporation organized for any purpose under any general or special
law of this State shall have the power to indemnify a corporate agent against
his expense and liabilities in connection with any proceeding involving the
corporate agent by reason of his being or having been such a corporate agent,
other than a proceeding by or in the right of the corporation, if (a) such


                                       3
<PAGE>

corporate agent acted in good faith and in a manner he reasonably believed to be
in or not opposed to the best interests of the corporation; and (b) with respect
to any criminal proceeding, such corporate agent had no reasonable cause to
believe his conduct was unlawful. The termination of any proceeding by judgment,
order, settlement, conviction or upon a plea of nolo contendere or its
equivalent, shall not of itself create a presumption that such corporate agent
did not meet the application standards of conduct set forth elsewhere in this
statute".

Certificate of Incorporation

         The Company's Certificate of Incorporation provides that the Company
shall indemnify those persons entitled to be indemnified, to the fullest extent
permitted by Section 14 A:3-5 of the Statute.

Commission Policy

         Insofar as indemnification for liabilities arising under the Act may be
permitted to directors, officers or persons controlling the Company, the Company
has been informed that in the opinion of the Commission such indemnification is
against public policy as expressed in the Act and is therefore unenforceable.

Item 7. Exemption from Registration Claimed

         Not applicable.

Item 8.  Exhibits

         The Exhibits to this registration statement are listed in the index to
Exhibits on page 7.

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 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:

                                       4
<PAGE>

               (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 paragraph (1) (I) and
          (I)(ii) do not apply if the information required to be included in a
          post-effective amendment by those paragraph is contained in periodic
          reports filed by the Company pursuant to Section 13 or Section 15 (d)
          of the Exchange Act that are incorporated by reference in this
          Registration Statement.

         (2)     That for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendments 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.

                 To remove from registration by mean of a post-effective
amendment any of the securities being registered hereunder that remain unsold at
the termination of the offering.

                 The undersigned Company hereby undertakes that for purposes of
determining any liability under the Securities Act of 1933, each filing of the
company's annual report pursuant to Section 13 (a) or Section 15 (d) of the
Securities and Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to Section 15(d) of the
Securities Exchange Act of 1934) that is incorporated by reference in the
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.

         (3)     Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the Company pursuant to the above-described provisions or otherwise,
the Company 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 Company
of expenses incurred or paid by a director, officer or controlling person of the
Company 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 Company 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 and will be
governed by the final adjudication of such issue.



                                       5
<PAGE>

                                   SIGNATURES


         Pursuant to the requirements of the Securities Act of 1933, the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing a 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 Walnut, State of California on November 1, 2001.

                                     Diamond Entertainment Corporation




                                     By   /s/   James K.T. Lu
                                     -----------------------------------
                                     James K.T. Lu, President, Chief Executive
                                     Officer, Principal Executive Officer
                                     and Director




                                     By     /s/   Fred U. Odaka
                                     -------------------------------------
                                     Fred  U. Odaka, Chief Financial Officer,
                                     Principal Financial Officer and Principal
                                     Accounting Officer


         Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacities and on the dates indicated.

  Signature                     Title                                 Date
  ---------                     -----                                 ----
/s/ James K.T. Lu             President, Chief Executive       November 1, 2001
-----------------------        Officer and Director
James K.T. Lu

/s/ Jeffrey I. Schillen       Executive Vice President and     November 1, 2001
-----------------------       Director
Jeffrey I. Schillen

/s/ Murray T. Scott           Director                         November 1, 2001
-----------------------
Murray T. Scott



                                       6
<PAGE>




                                INDEX TO EXHIBITS



         Exhibit
            No.                       Description
         -------                      -----------



          4.1     Advisory and Consulting Agreements

          5.1     Opinion of Counsel, regarding the legality of the securities
                  registered hereunder.

         23.1     Consent of Certified Public Accountant.

         23.2     Consent of Counsel (included as part of Exhibit 5.1)




                                       7
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{"company-data": {"conformed-name": "DIAMOND ENTERTAINMENT CORP", "cik": "0000847420", "assigned-sic": "7822", "irs-number": "222748019", "state-of-incorporation": "NJ", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-72630", "film-number": "1772959"}, "business-address": {"street1": "800 TUCKER LN", "city": "WALNUT", "state": "CA", "zip": "91789", "phone": "5629213999"}, "mail-address": {"street1": "800 TUCKER LN", "city": "WALNUT", "state": "CA", "zip": "91789"}, "former-company": {"former-conformed-name": "TRANS ATLANTIC VIDEO INC", "date-changed": "19910721"}}
As filed with the Securities and Exchange Commission on November 1, 2001
                                                           Reg. No. 333-
================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                    -----------------------------------------
                                    FORM S-8
                             REGISTRATION STATEMENT
                                      UNDER
                           THE SECURITIES ACT OF 1933
                       -----------------------------------
                        DIAMOND ENTERTAINMENT CORPORATION
             (Exact name of registrant as specified in its charter)

         New Jersey                                         22-2748019
(State or other jurisdiction of                          (I.R.S. Employer
incorporation or organization)                           identification No.)

                                 800 Tucker Lane
                            Walnut, California 91789
                                 (909) 839-1989
                    (Address of principal executive offices)
                ------------------------------------------------

                       ADVISORY AND CONSULTING AGREEMENTS
                              (Full title of plan)
                        --------------------------------

                                  JAMES K.T. LU
                                    President
                                 800 Tucker Lane
                            Walnut, California 91789
                     (Name and address of agent for service)
                                 (909) 839-1989
          (Telephone number, including area code of agent for service)

                                    Copy to:
                              Owen Naccarato, Esq.
                           19600 Fairchild, Suite 260
                                Irvine, CA 92612
                                 (949) 851-9261

                         CALCULATION OF REGISTRATION FEE
===============================================================================
   Title of                    Proposed maximum  Proposed maximum   Amount of
  securities      Amount to be  Offering price       Aggregate     registration
to be registered   Registered      Per share      offering price        fee
----------------  ------------ ---------------- ------------------ ------------
Common Stock       30,800,000      $  0.005         $154,000          $38.50
(no par value)
===============================================================================

Estimated solely for the purpose of determining the amount of registration fee
and pursuant to Rules 457(c) and 457 (h) of the General Rules and Regulations
under the Securities Act of 1993, based upon the exercise price of 30,800,000
options at $0.005 per share.

                                       1
PART I

              INFORMATION REQUIRED IN THIS SECTION 10(a) PROSPECTUS

Item 1.   Plan Information.*

Item 2.   Registrant Information and Employee Plan Annual Information.*

          *Information required by Part 1 to be contained in the Section 10(a)
          prospectus is omitted from the registration statement in accordance
          with Rule 428 under the Securities Act of 1933 and the Note to Part I
          of Form S-8.

                                       2
PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.   Incorporation of Documents by Reference

         The following documents filed by Diamond Entertainment Corporation (the
"Company") with the Securities and Exchange Commission (the "Commission") are
incorporated by reference herein:

         (a) the Company's annual report on Form 10-KSB for the fiscal year
ended March 31, 2001 (Commission File No. 0-17953):

         (b) all other reports filed by the Company pursuant to Section 13(a) or
Section 15 (d) of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), since March 31, 2001 through the date hereof;

         (c) the Registrant's Form S-18, file No. 33-33997 filed pursuant to
Section 12 of the Exchange Act, in which there is described the terms, rights
and provisions applicable to the Registrant's outstanding Common Stock, and

         (d) any document filed by the Company with the Commission pursuant to
Sections 13(a), 13( c), 14 or 15(d) of the Exchange Act subsequent to the date
hereof, but prior to the filing of a post-effective amendment to this
Registration Statement which indicates that all shares of Common Stock
registered hereunder have been sold or that deregisters all such shares of
common Stock then remaining unsold, such documents being deemed to be
incorporated by reference herein and to be part hereof from the date of filing
of such documents.

Item 4. Description of Securities

         Not applicable.

Item 5. Interests of Named Experts and Counsel

         Counsel acts as a legal consultant for the Company from time to time.

Item 6. Indemnification of Directors and Officer

         Section 14A: 3-5 of the New Jersey Business Corporation Act (the
"Statute") empowers a corporation as follows:

         "Any corporation organized for any purpose under any general or special
law of this State shall have the power to indemnify a corporate agent against
his expense and liabilities in connection with any proceeding involving the
corporate agent by reason of his being or having been such a corporate agent,
other than a proceeding by or in the right of the corporation, if (a) such

                                       3
corporate agent acted in good faith and in a manner he reasonably believed to be
in or not opposed to the best interests of the corporation; and (b) with respect
to any criminal proceeding, such corporate agent had no reasonable cause to
believe his conduct was unlawful. The termination of any proceeding by judgment,
order, settlement, conviction or upon a plea of nolo contendere or its
equivalent, shall not of itself create a presumption that such corporate agent
did not meet the application standards of conduct set forth elsewhere in this
statute".

Certificate of Incorporation

         The Company's Certificate of Incorporation provides that the Company
shall indemnify those persons entitled to be indemnified, to the fullest extent
permitted by Section 14 A:3-5 of the Statute.

Commission Policy

         Insofar as indemnification for liabilities arising under the Act may be
permitted to directors, officers or persons controlling the Company, the Company
has been informed that in the opinion of the Commission such indemnification is
against public policy as expressed in the Act and is therefore unenforceable.

Item 7. Exemption from Registration Claimed

         Not applicable.

Item 8.  Exhibits

         The Exhibits to this registration statement are listed in the index to
Exhibits on page 7.

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 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:

                                       4
(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 paragraph (1) (I) and
          (I)(ii) do not apply if the information required to be included in a
          post-effective amendment by those paragraph is contained in periodic
          reports filed by the Company pursuant to Section 13 or Section 15 (d)
          of the Exchange Act that are incorporated by reference in this
          Registration Statement.

         (2)     That for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendments 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.

                 To remove from registration by mean of a post-effective
amendment any of the securities being registered hereunder that remain unsold at
the termination of the offering.

                 The undersigned Company hereby undertakes that for purposes of
determining any liability under the Securities Act of 1933, each filing of the
company's annual report pursuant to Section 13 (a) or Section 15 (d) of the
Securities and Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to Section 15(d) of the
Securities Exchange Act of 1934) that is incorporated by reference in the
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.

         (3)     Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the Company pursuant to the above-described provisions or otherwise,
the Company 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 Company
of expenses incurred or paid by a director, officer or controlling person of the
Company 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 Company 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 and will be
governed by the final adjudication of such issue.

                                       5
SIGNATURES

         Pursuant to the requirements of the Securities Act of 1933, the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing a 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 Walnut, State of California on November 1, 2001.

                                     Diamond Entertainment Corporation

                                     By   /s/   James K.T. Lu
                                     -----------------------------------
                                     James K.T. Lu, President, Chief Executive
                                     Officer, Principal Executive Officer
                                     and Director

                                     By     /s/   Fred U. Odaka
                                     -------------------------------------
                                     Fred  U. Odaka, Chief Financial Officer,
                                     Principal Financial Officer and Principal
                                     Accounting Officer

         Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacities and on the dates indicated.

  Signature                     Title                                 Date
  ---------                     -----                                 ----
/s/ James K.T. Lu             President, Chief Executive       November 1, 2001
-----------------------        Officer and Director
James K.T. Lu

/s/ Jeffrey I. Schillen       Executive Vice President and     November 1, 2001
-----------------------       Director
Jeffrey I. Schillen

/s/ Murray T. Scott           Director                         November 1, 2001
-----------------------
Murray T. Scott

                                       6
INDEX TO EXHIBITS

         Exhibit
            No.                       Description
         -------                      -----------

          4.1     Advisory and Consulting Agreements

          5.1     Opinion of Counsel, regarding the legality of the securities
                  registered hereunder.

         23.1     Consent of Certified Public Accountant.

         23.2     Consent of Counsel (included as part of Exhibit 5.1)

                                       7