<html>

<head>
<title>As Filed with the Securities and Exchange Commission on March</title>
</head>

<body>

<div>
  <font face="Times New Roman" size="2"><br>
&nbsp;</font><div valign="bottom">
&nbsp;</div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>As Filed with the Securities and
    Exchange Commission on March __, 2004</b> </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="right">
    <font face="Times New Roman" size="2"><b>Registration No. 333-__________</b>
    </font>
  </div>
  <table cellSpacing="0" cellPadding="0" width="100%" align="center" valign="top">
    <tr>
      <td align="left" width="95%">
      <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 18pt" align="left">
        <font face="Times New Roman" size="2">&nbsp;</font></div>
      </td>
    </tr>
    <tr>
      <td vAlign="top" width="95%"><hr noShade color="#000000"></td>
    </tr>
  </table>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman"><b>SECURITIES AND EXCHANGE COMMISSION</b>
    </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>Washington, D.C. 20549</b> </font>
  </div>
  <table cellSpacing="0" cellPadding="0" width="100%" align="center" valign="top">
    <tr>
      <td align="middle" width="25%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
        <font face="Times New Roman" size="2"><b>____________________</b> </font>
      </div>
      </td>
    </tr>
    <tr>
      <td vAlign="top" width="25%">&nbsp;</td>
    </tr>
  </table>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>FORM S-8</b> </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>REGISTRATION STATEMENT UNDER THE
    SECURITIES ACT OF 1933</b> </font>
    <table cellSpacing="0" cellPadding="0" width="100%" align="center" valign="top">
      <tr>
        <td align="middle" width="25%">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
          <font face="Times New Roman" size="2"><b>____________________</b>
          </font>
        </div>
        </td>
      </tr>
    </table>
  </div>
  <table cellSpacing="0" cellPadding="0" width="100%" align="center" valign="top">
    <tr>
      <td align="middle" width="25%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
        <font face="Times New Roman" size="2">&nbsp;</font></div>
      </td>
    </tr>
  </table>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="4"><b>IR BIOSCIENCES HOLDINGS, INC.</b>
    </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>(Exact Name of Registrant as
    Specified in its Charter)</b> <br>
&nbsp;</font></div>
  <table cellSpacing="0" cellPadding="0" width="100%" align="center" valign="top">
    <tr>
      <td width="28%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
        <font face="Times New Roman" size="2"><b>Delaware</b> </font>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
        <font face="Times New Roman" size="2"><b>(State or other jurisdiction of
        incorporation <br>
        or organization)</b> </font>
      </div>
      </td>
      <td width="27%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
        <font face="Times New Roman" size="2"><b>3841</b></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
        <font face="Times New Roman" size="2"><b>(Primary Standard Industrial
        Classification <br>
        Code Number)</b> </font>
      </div>
      </td>
      <td width="25%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
        <font face="Times New Roman" size="2"><b>13-3301899</b> </font>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
        <font face="Times New Roman" size="2"><b>(I.R.S. Employer Identification
        Number)</b> </font>
      </div>
      </td>
    </tr>
  </table>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><br>
    <b>8655 East Via De Ventura, Suite E-155</b> </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>Scottsdale, Arizona 85258</b>
    </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>(Address of Principal Executive
    Offices and Zip Code)</b> </font>
  </div>
  <table cellSpacing="0" cellPadding="0" width="100%" align="center" valign="top">
    <tr>
      <td align="middle" width="25%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
        <font face="Times New Roman" size="2"><b>____________________</b> </font>
      </div>
      </td>
    </tr>
    <tr>
      <td vAlign="top" width="25%">&nbsp;</td>
    </tr>
  </table>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>2003 STOCK OPTION, DEFERRED STOCK</b>
    </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>AND RESTRICTED STOCK PLAN</b>
    </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>(Full Title of the Plans)</b>
    </font>
    <table cellSpacing="0" cellPadding="0" width="100%" align="center" valign="top">
      <tr>
        <td align="middle" width="25%">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
          <font face="Times New Roman" size="2"><b>____________________</b>
          </font>
        </div>
        </td>
      </tr>
      <tr>
        <td vAlign="top" width="25%">&nbsp;</td>
      </tr>
    </table>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>Michael Wilhelm</b> </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>8655 East Via De Ventura, Suite
    E-155</b> </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>Scottsdale, Arizona 85258</b>
    </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>(480) 922-3926</b> </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>(Name, Address, including Zip Code,
    and Telephone Number, including Area Code, of Agent for Service)</b> </font>
    <table cellSpacing="0" cellPadding="0" width="100%" align="center" valign="top">
      <tr>
        <td align="middle" width="25%">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
          <font face="Times New Roman" size="2"><b>____________________</b>
          </font>
        </div>
        </td>
      </tr>
      <tr>
        <td vAlign="top" width="25%">&nbsp;</td>
      </tr>
    </table>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><i>Copies to</i> <br>
&nbsp;</font></div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>Thomas J. Poletti, Esq.</b> </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>Kirkpatrick &amp; Lockhart LLP</b>
    </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>10100 Santa Monica Blvd., 7th Floor</b>
    </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>Los Angeles, CA 90067</b> </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>Telephone (310) 552-5000</b> </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>Facsimile (310) 552-5001</b> </font>
    <table cellSpacing="0" cellPadding="0" width="100%" align="center" valign="top">
      <tr>
        <td align="middle" width="25%">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
          <font face="Times New Roman" size="2"><b>____________________</b>
          </font>
        </div>
        </td>
      </tr>
      <tr>
        <td vAlign="top" width="25%">&nbsp;</td>
      </tr>
    </table>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
&nbsp;</div>
  <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 3.6pt" align="left">
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
      <font face="Times Roman" size="2"><b>CALCULATION OF REGISTRATION FEE</b></font><font size="2">
      </font>
    </div>
    <div align="center">
      <center>
      <table id="10001" cellSpacing="0" cellPadding="0" width="80%" border="0" valign="top" style="border-collapse: collapse" bordercolor="#111111">
        <tr>
          <td vAlign="bottom" align="middle" width="43%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
            <font face="Times Roman" size="2"><b>Title of securities to be
            registered</b></font><font size="2"> </font>
          </div>
          </td>
          <td width="2%" valign="bottom"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="middle" width="14%" colSpan="3">
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
            <font face="Times Roman" size="2"><b>Amount to be registered</b></font><font size="2">
            </font>
          </div>
          </td>
          <td vAlign="bottom" align="middle" width="14%" colSpan="3">
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
            <font face="Times Roman" size="2"><b>Proposed maximum <br>
            offering price </b></font>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
            <font face="Times Roman" size="2"><b>per share(1)</b></font><font size="2">
            </font>
          </div>
          </td>
          <td vAlign="bottom" align="middle" width="14%" colSpan="3">
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
            <font face="Times Roman" size="2"><b>Proposed maximum aggregate <br>
            offering price(1)</b></font><font size="2"> </font>
          </div>
          </td>
          <td vAlign="bottom" align="middle" width="13%" colSpan="3">
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
            <font face="Times Roman" size="2"><b>Amount of registration fee</b></font><font size="2">
            </font>
          </div>
          </td>
        </tr>
        <tr bgColor="#e2eef6">
          <td vAlign="bottom" align="left" width="100%" colspan="14">
          <hr noShade color="#000000" size="1"></td>
        </tr>
        <tr bgColor="#e2eef6">
          <td vAlign="bottom" align="left" width="43%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
            <font face="Times Roman" size="2">Common Stock, $.001 par value</font><font size="2">
            </font>
          </div>
          </td>
          <td width="2%"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="left" width="1%"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="right" width="11%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0px">
            <font face="Times Roman" size="2">400,000</font><font size="2">
            </font>
          </div>
          </td>
          <td vAlign="bottom" align="left" width="2%"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="left" width="1%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0px">
            <font face="Times Roman" size="2">$</font><font size="2"> </font>
          </div>
          </td>
          <td vAlign="bottom" align="right" width="11%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0px">
            <font face="Times Roman" size="2">0.10</font><font size="2"> </font>
          </div>
          </td>
          <td vAlign="bottom" align="left" width="2%"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="left" width="1%"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="right" width="11%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0px">
            <font face="Times Roman" size="2">40,000</font><font size="2">
            </font>
          </div>
          </td>
          <td vAlign="bottom" align="left" width="2%"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="left" width="1%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0px">
            <font face="Times Roman" size="2">$</font><font size="2"> </font>
          </div>
          </td>
          <td vAlign="bottom" align="right" width="11%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0px">
            <font face="Times Roman" size="2">5</font><font size="2"> </font>
          </div>
          </td>
          <td vAlign="bottom" align="left" width="1%"><font size="2">&nbsp;</font></td>
        </tr>
        <tr bgColor="#e2eef6">
          <td vAlign="bottom" align="left" width="43%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
            <font face="Times Roman" size="2">Common Stock, $.001 par value</font><font size="2">
            </font>
          </div>
          </td>
          <td width="2%"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="left" width="1%"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="right" width="11%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0px">
            <font face="Times Roman" size="2">525,800</font><font size="2">
            </font>
          </div>
          </td>
          <td vAlign="bottom" align="left" width="2%"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="left" width="1%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0px">
            <font face="Times Roman" size="2">$</font><font size="2"> </font>
          </div>
          </td>
          <td vAlign="bottom" align="right" width="11%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0px">
            <font face="Times Roman" size="2">0.50</font><font size="2"> </font>
          </div>
          </td>
          <td vAlign="bottom" align="left" width="2%"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="left" width="1%"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="right" width="11%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0px">
            <font face="Times Roman" size="2">262,900</font><font size="2">
            </font>
          </div>
          </td>
          <td vAlign="bottom" align="left" width="2%"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="left" width="1%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0px">
            <font face="Times Roman" size="2">$</font><font size="2"> </font>
          </div>
          </td>
          <td vAlign="bottom" align="right" width="11%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0px">
            <font face="Times Roman" size="2">33</font><font size="2"> </font>
          </div>
          </td>
          <td vAlign="bottom" align="left" width="1%"><font size="2">&nbsp;</font></td>
        </tr>
        <tr bgColor="#e2eef6">
          <td vAlign="bottom" align="left" width="43%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
            <font face="Times Roman" size="2">Common Stock, $.001 par value</font><font size="2">
            </font>
          </div>
          </td>
          <td width="2%"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="left" width="1%"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="right" width="11%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0px">
            <font face="Times Roman" size="2">874,200</font><font size="2">
            </font>
          </div>
          </td>
          <td vAlign="bottom" align="left" width="2%"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="left" width="1%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0px">
            <font face="Times Roman" size="2">$</font><font size="2"> </font>
          </div>
          </td>
          <td vAlign="bottom" align="right" width="11%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0px">
            <font face="Times Roman" size="2">1.01</font><font size="2"> </font>
          </div>
          </td>
          <td vAlign="bottom" align="left" width="2%"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="left" width="1%"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="right" width="11%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0px">
            <font face="Times Roman" size="2">882,942</font><font size="2">
            </font>
          </div>
          </td>
          <td vAlign="bottom" align="left" width="2%"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="left" width="1%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0px">
            <font face="Times Roman" size="2">$</font><font size="2"> </font>
          </div>
          </td>
          <td vAlign="bottom" align="right" width="11%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0px">
            <font face="Times Roman" size="2">112</font><font size="2"> </font>
          </div>
          </td>
          <td vAlign="bottom" align="left" width="1%"><font size="2">&nbsp;</font></td>
        </tr>
        <tr bgColor="#e2eef6">
          <td vAlign="bottom" align="left" width="43%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
            <font face="Times Roman" size="2">Total Registration Fee</font><font size="2">
            </font>
          </div>
          </td>
          <td width="2%"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="left" width="1%"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="right" width="11%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0px">
            <font face="Times Roman" size="2">1,800,000</font><font size="2">
            </font>
          </div>
          </td>
          <td vAlign="bottom" align="left" width="2%"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="left" width="1%"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="right" width="11%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0px">
            <font size="2">&nbsp;</font></div>
          </td>
          <td vAlign="bottom" align="left" width="2%"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="left" width="1%"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="right" width="11%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0px">
            <font size="2">&nbsp;</font></div>
          </td>
          <td vAlign="bottom" align="left" width="2%"><font size="2">&nbsp;</font></td>
          <td vAlign="bottom" align="left" width="1%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0px">
            <font face="Times Roman" size="2">$</font><font size="2"> </font>
          </div>
          </td>
          <td vAlign="bottom" align="right" width="11%">
          <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0px">
            <font face="Times Roman" size="2">151</font><font size="2"> </font>
          </div>
          </td>
          <td vAlign="bottom" align="left" width="1%"><font size="2">&nbsp;</font></td>
        </tr>
      </table>
      </center>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
      <br>
&nbsp;</div>
    <p><font face="Times New Roman" size="2">(1)&nbsp;&nbsp; &nbsp;Estimated solely
    for the purpose of calculating the amount of the registration fee in
    accordance with Rule 457(h)(1) under the Securities Act, based on the price
    at which options may be exercised, or if such price is not known, on the
    basis of the average of the high and low prices of the common stock of the
    Registrant as traded in the over-the-counter market and reported on the OTC
    Electronic Bulletin Board of the National Association of Securities Dealers
    on March 1, 2004. In addition, pursuant to Rule 416(c) under the Securities
    Act of 1933, this registration statement also covers an indeterminate amount
    of interests to be offered or sold pursuant to the employee benefit plan
    described herein. <font id="TAB1" style="LETTER-SPACING: 7.45pt">&nbsp; &nbsp;</font>
    </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 3.6pt" align="left">
    <font face="Times New Roman" size="2"><br>
&nbsp;</font></div>
  <table id="PGBRK" width="100%">
    <tr>
      <td vAlign="top" width="100%" colSpan="3">&nbsp;</td>
    </tr>
    <tr>
      <td align="left" width="33%"><font size="2" face="Times New Roman">&nbsp;</font></td>
      <td align="middle" width="33%"><font size="2" face="Times New Roman">&nbsp;</font></td>
      <td align="right" width="33%"><font size="2" face="Times New Roman">&nbsp;</font></td>
    </tr>
    <tr>
      <td colSpan="3"><font size="1">
      <hr style="PAGE-BREAK-AFTER: always" width="100%" noShade SIZE="1"></font>
      </td>
    </tr>
    <tr>
      <td vAlign="top" width="100%" colSpan="3">&nbsp;</td>
    </tr>
  </table>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>PART I</b> </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
&nbsp;</div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>INFORMATION REQUIRED IN THE SECTION
    10(a) PROSPECTUS</b> </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
&nbsp;</div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2">The documents containing information
    specified in this Part I are being separately provided to the Registrant's
    employees, officers, directors and consultants as specified by Rule
    428(b)(1) of the Securities Act of 1933.</font><p>&nbsp;</p>
    <p>&nbsp;</p>
    <p>
    <font face="Times New Roman" size="2">&nbsp;</font></div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
&nbsp;</div>
  <table id="PGBRK" cellSpacing="0" cellPadding="0" width="100%">
    <tr>
      <td vAlign="top" width="100%" colSpan="3">
      <p align="center"><font face="Times New Roman" size="2">&nbsp;2</font></td>
    </tr>
    <tr>
      <td align="left" width="33%"><font size="2" face="Times New Roman">&nbsp;</font></td>
      <td align="middle" width="33%"><font size="2" face="Times New Roman">&nbsp;</font></td>
      <td align="right" width="33%"><font size="2" face="Times New Roman">&nbsp;</font></td>
    </tr>
    <tr>
      <td colSpan="3"><font size="1">
      <hr style="PAGE-BREAK-AFTER: always" width="100%" noShade SIZE="1"></font>
      </td>
    </tr>
    <tr>
      <td vAlign="top" width="100%" colSpan="3">
      <font face="Times New Roman" size="2">&nbsp;</font></td>
    </tr>
  </table>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>PART II</b> <br>
    <br>
    <b>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</b> </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
&nbsp;</div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2"><b>Item 3.&nbsp;Incorporation of Documents
    by Reference.</b> <font id="TAB1" style="LETTER-SPACING: 5.95pt">&nbsp; &nbsp;</font>
    <br>
&nbsp;</font></div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The documents listed in
    paragraphs (a) through (d) below have been filed with the Securities and
    Exchange Commission (the "Commission") and are hereby incorporated by
    reference into this Registration Statement. All documents subsequently filed
    by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the
    Securities Exchange Act of 1934 (the "Exchange Act"), prior to the filing of
    a post-effective amendment which indicates that all securities offered
    herein 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 hereto from the date of filing of
    such documents. </font>
  </div>
  <div>
    <font face="Times New Roman" color="#000000" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<!-- MARKER FORMAT-SHEET="Para Hang Level 2" FSL="Default" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(a)  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Registrant's
Annual Report on Form 10-KSB for the year ended December 31, 2002 filed with the SEC on
                  April 15, 2003; </FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Hang Level 2" FSL="Default" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(b)  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Registrant's
Quarterly Report on Form 10-QSB for the quarters ended March 31, 2003, June 30, 2003 and
                  September 30, 2003 filed with the SEC on May 15, 2003, August 19, 2003
and December 29, 2003,                   respectively. </FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Hang Level 2" FSL="Default" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c)  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Registrant's
Current Reports on Form 8-K filed with the SEC on July 7, 2003, July 18, 2003, August 29,
                  2003 and December 29, 2003; and </FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Hang Level 2" FSL="Default" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(d)  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Registrant's
Definitive Information Statements filed with the SEC on June 9, 2003 and August 7, 2003. </FONT></TD>
</TR>
</TABLE>
</font>
    </div>
    </li>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    &nbsp;</div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2"><b>Item 4. Description of Securities.</b>
    <font id="TAB1" style="LETTER-SPACING: 5.95pt">&nbsp; &nbsp;</font> <br>
&nbsp;</font></div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" color="#000000" size="2"><u>Common Stock</u></font><font face="Times New Roman" size="2">
    <br>
&nbsp;</font></div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font face="Times New Roman" color="#000000" size="2">The
    Company is authorized to issue 100,000,000 shares of Common Stock, $.001 par
    value per share.</font><font face="Times New Roman" size="2"> <br>
&nbsp;</font></div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font face="Times New Roman" color="#000000" size="2">The
    holders of common stock are entitled to one vote per share on all matters to
    be voted upon by the stockholders. The holders of common stock are entitled
    to receive ratably dividends, if any, as may be declared from time to time
    by the board of directors out of funds legally available for that purpose.
    In the event of our liquidation, dissolution or winding up, the holders of
    common stock are entitled to share ratably in all assets remaining after
    payment of liabilities. The common stock has no preemptive or conversion
    rights or other subscription rights. There are no redemption or sinking fund
    provisions applicable to the common stock. All outstanding shares of common
    stock are fully</font><font face="Times New Roman" size="2"> </font>
    <font face="Times New Roman" color="#000000" size="2">paid and
    non-assessable.</font><font face="Times New Roman" size="2"> <br>
&nbsp;</font></div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2"><b>Item 5. Interests of Named Experts
    and Counsel.</b> <font id="TAB1" style="LETTER-SPACING: 5.95pt">&nbsp; &nbsp;</font>
    <br>
&nbsp;</font></div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2">Kirkpatrick &amp; Lockhart LLP, Los
    Angeles, California, will pass for us on the validity of the common stock
    offered hereby. A partner of Kirkpatrick &amp; Lockhart LLP owns options to
    acquire an aggregate of 35,000 shares of our common stock at an exercise
    price of $.60 per share. <br>
&nbsp;</font></div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2"><b>Item 6. Indemnification of
    Directors and Officers.</b> <font id="TAB1" style="LETTER-SPACING: 5.95pt">&nbsp;
    &nbsp;</font> <br>
&nbsp;</font></div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2">Section 145 of the Delaware General
    Corporation Law allows for the indemnification of officers, directors, and
    other corporate agents in terms sufficiently broad to indemnify such persons
    under certain circumstances for liabilities (including reimbursement for
    expenses incurred) arising under the Securities Act of 1933. Article 7 of
    the Registrant's  Certificate of Incorporation,
    as amended, and Article VII, Section 7 of the Registrant's Amended and
    Restated Bylaws provide for indemnification of the Registrant's directors,
    officers, employees, and other agents to the extent and under the
    circumstances permitted by the Delaware General Corporation Law. The
    Registrant has also entered into agreements with its directors and executive
    officers that will require the Registrant, among other things, to indemnify
    them against certain liabilities that may arise by reason of their status or
    service as directors to the fullest extent not prohibited by law to the
    extent such costs or expenses are not covered by existing directors and
    officers insurance. The Registrant carries directors and officers liability
    insurance covering its directors and officers against liability asserted
    against or incurred by the person arising out of his or her capacity as a
    director or officer, including any liability for violations of the
    Securities Act or the Exchange Act, subject to some exclusions and coverage
    limitations. <br>
&nbsp;</font><table id="PGBRK" cellSpacing="0" cellPadding="0" width="100%">
    <tr>
      <td vAlign="top" width="100%" colSpan="3">
      <p align="center"><font face="Times New Roman" size="2">&nbsp;3</font></td>
    </tr>
    <tr>
      <td align="left" width="33%"><font size="2" face="Times New Roman">&nbsp;</font></td>
      <td align="middle" width="33%"><font size="2" face="Times New Roman">&nbsp;</font></td>
      <td align="right" width="33%"><font size="2" face="Times New Roman">&nbsp;</font></td>
    </tr>
    <tr>
      <td colSpan="3"><font size="1">
      <hr style="PAGE-BREAK-AFTER: always" width="100%" noShade SIZE="1"></font>
      </td>
    </tr>
    <tr>
      <td vAlign="top" width="100%" colSpan="3">
      <font face="Times New Roman" size="2">&nbsp;</font></td>
    </tr>
  </table>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2"><br>
&nbsp;</font></div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2"><b>Item 7. Exemption From Registration
    Claimed.</b> <font id="TAB1" style="LETTER-SPACING: 5.95pt">&nbsp; &nbsp;</font>
    <br>
&nbsp;</font></div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2">Not applicable. <br>
&nbsp;</font></div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2"><b>Item 8. Exhibits.</b>
    <font id="TAB1" style="LETTER-SPACING: 5.95pt">&nbsp; &nbsp;</font> </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    &nbsp;</div>
  <table cellSpacing="0" cellPadding="0" width="100%" align="center" valign="top">
    <tr>
      <td align="left" width="13%" valign="bottom">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Exhibit </font>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Numbers </font>
      </div>
      </td>
      <td vAlign="bottom" align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Description </font>
      </div>
      </td>
    </tr>
    <tr>
      <td vAlign="top" width="13%"><hr width="100%" noShade SIZE="2"></td>
      <td vAlign="top" width="69%"><hr width="100%" noShade SIZE="2"></td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">4.1 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">2003 Stock Option, Deferred Stock
        and Restricted Stock Plan. </font>
      </div>
      </td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">4.2 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Form of Stock Option Agreement
        (Employee). </font>
      </div>
      </td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">4.3 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Form of Stock Option Agreement
        (Executive). </font>
      </div>
      </td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">4.4 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Form of Stock Option Agreement
        (Super Executive). </font>
      </div>
      </td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">4.5 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Form of Stock Option Agreement
        (Other) </font>
      </div>
      </td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">4.6 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Form of Restricted Stock Award
        Agreement (Employee) </font>
      </div>
      </td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">4.7 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Form of Restricted Stock Award
        Agreement (Executive) </font>
      </div>
      </td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">4.8 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Form of Restricted Stock Award
        Agreement (Super Executive) </font>
      </div>
      </td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">4.9 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Form of Stock Award Agreement
        (Other) </font>
      </div>
      </td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">5.1 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Opinion of Kirkpatrick &amp; Lockhart
        LLP. </font>
      </div>
      </td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">23.1 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Consent of Singer Lewak Greenbaum
        &amp; Goldstein LLP </font>
      </div>
      </td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">23.2 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Consent of Stonefield Josephson, Inc. </font>
      </div>
      </td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">23.3 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Consent of Kirkpatrick &amp; Lockhart
        LLP (contained in Exhibit 5). </font>
      </div>
      </td>
    </tr>
  </table>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2"><br>
    <b>Item 9. Undertakings.</b>
    <font id="TAB1" style="LETTER-SPACING: 5.95pt">&nbsp; &nbsp;</font> <br>
&nbsp;</font></div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2">The undersigned Registrant hereby
    undertakes: <br>
&nbsp;</font></div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any
    period in which offers or sales are being made, a post-effective amendment
    to this Registration Statement to include any material information with
    respect to the plan of distribution not previously disclosed in the
    Registration Statement or any material change to such information in the
    Registration Statement.<font id="TAB1" style="LETTER-SPACING: 24.3pt"> &nbsp;</font></font></div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of
    determining any liability under the Securities Act, 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 <u>bona fide</u> offering thereof.
    <font id="TAB1" style="LETTER-SPACING: 24.3pt">&nbsp; &nbsp;</font> </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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 offering.
    <font id="TAB1" style="LETTER-SPACING: 24.3pt">&nbsp; &nbsp;</font> </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
&nbsp;</div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant
    hereby undertakes that, for purposes of determining any liability under the
    Securities Act, each filing of the Registrant's annual report pursuant to
    Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable,
    each filing of an employee benefit plan's annual report pursuant to Section
    15(d) of the Exchange Act) 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 <u>bona fide</u>
    offering thereof. </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
&nbsp;</div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification
    by the Registrant for liabilities arising under the Securities Act may be
    permitted to directors, officers and controlling persons of the Registrant
    pursuant to the provisions referenced in Item 6 of this Registration
    Statement 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 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
    hereunder, 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 and will be
    governed by the final adjudication of such issue. <br>
&nbsp;</font></div>
  <table id="PGBRK" cellSpacing="0" cellPadding="0" width="100%">
    <tr>
      <td vAlign="top" width="100%" colSpan="3">
      <p align="center">
      <font face="Times New Roman" size="2">&nbsp;4</font></td>
    </tr>
    <tr>
      <td align="left" width="33%"><font size="2" face="Times New Roman">&nbsp;</font></td>
      <td align="middle" width="33%"><font size="2" face="Times New Roman">&nbsp;</font></td>
      <td align="right" width="33%"><font size="2" face="Times New Roman">&nbsp;</font></td>
    </tr>
    <tr>
      <td colSpan="3"><font size="1">
      <hr style="PAGE-BREAK-AFTER: always" width="100%" noShade SIZE="1"></font>
      </td>
    </tr>
    <tr>
      <td vAlign="top" width="100%" colSpan="3">
      <font face="Times New Roman" size="2">&nbsp;</font></td>
    </tr>
  </table>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>SIGNATURES</b> </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    &nbsp;</div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2">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 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
    Scottsdale, State of Arizona, on this 11</font><sup><font face="Times New Roman" size="-1">th</font></sup><font face="Times New Roman" size="2">
    day of March, 2004. </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <div style="display: block; text-indent: 0pt; line-height: 1.3; margin-left: 0pt; margin-right: 0pt" align="left">
      &nbsp;</div>
    <div style="display: block; text-indent: 0pt; line-height: 1.3; margin-left: 0pt; margin-right: 0pt" align="left">
      <table cellSpacing="0" cellPadding="0" width="100%" align="center" bgColor="#ffffff" border="0">
        <tr vAlign="top" bgColor="#ffffff">
          <td width="50%"><font face="Times Roman" size="2">&nbsp;</font></td>
          <td width="1%"><font face="Times Roman" size="2">&nbsp;</font></td>
          <td width="49%"><font face="Times Roman" size="2">&nbsp;</font></td>
        </tr>
        <tr vAlign="top" bgColor="#ffffff">
          <td><font face="Times Roman" size="2">&nbsp;</font></td>
          <td colSpan="2"><font face="Times Roman" size="2">IR BIOSCIENCES
          HOLDINGS, INC.</font></td>
        </tr>
        <tr vAlign="top" bgColor="#ffffff">
          <td><font face="Times Roman" size="2">&nbsp;<br>
          &nbsp;</font></td>
          <td><font face="Times Roman" size="2">&nbsp;<br>
          &nbsp;</font></td>
          <td><font face="Times Roman" size="2">&nbsp;<br>
          &nbsp;</font></td>
        </tr>
        <tr vAlign="top" bgColor="#ffffff">
          <td>&nbsp;</td>
          <td><font face="Times Roman" size="2">By:&nbsp;&nbsp;</font></td>
          <td><font face="Times Roman" size="2">/s/&nbsp;MICHAEL WILHELM </font>
          <hr noShade color="#000000" size="1"></td>
        </tr>
        <tr vAlign="top" bgColor="#ffffff">
          <td colSpan="2"><font face="Times Roman" size="2">&nbsp;</font></td>
          <td><font size="2" face="Times Roman">Michael Wilhelm </font></td>
        </tr>
        <tr vAlign="top" bgColor="#ffffff">
          <td colSpan="2"><font face="Times Roman" size="2">&nbsp;</font></td>
          <td><font face="Times Roman" size="2">Chief Executive Officer </font>
          </td>
        </tr>
      </table>
    </div>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2">
    <font id="TAB1" style="LETTER-SPACING: 14.05pt">&nbsp; &nbsp;</font> </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>POWER OF ATTORNEY</b> <br>
&nbsp;</font></div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2">KNOW ALL PERSONS BY THESE PRESENTS,
    that each person whose signature appears below constitutes and appoints
    Michael Wilhelm as his true and lawful attorney-in-fact and agent, with full
    power of substitution for him in any and all capacities, to sign any and all
    amendments (including post-effective amendments) to this Registration
    Statement, and to file the same, with all exhibits thereto, and other
    documents in connection therewith, with the Securities and Exchange
    Commission, granting unto said attorney-in-fact and agent, power and
    authority to do and perform each and every act and thing requisite and
    necessary to be done in connection therewith, as fully to all intents and
    purposes as he might or could do in person, hereby ratifying and confirming
    all that said attorney-in-fact and agent, or his substitute or substitutes,
    may lawfully do or cause to be done by virtue hereof. </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2"><br>
&nbsp;</font></div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2"><b>Pursuant to the requirements of the
    Securities Act of 1933, this Registration Statement has been signed by the
    following persons in the capacities and on the dates indicated.</b> </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    &nbsp;</div>
  <table cellSpacing="0" cellPadding="0" width="100%" align="center" valign="top">
    <tr>
      <td align="middle" width="29%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
        <font face="Times New Roman" size="2">SIGNATURE </font>
      </div>
      </td>
      <td align="middle" width="5%">
      &nbsp;</td>
      <td align="middle" width="33%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
        <font face="Times New Roman" size="2">TITLE </font>
      </div>
      </td>
      <td align="middle" width="5%">
      &nbsp;</td>
      <td align="middle" width="16%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
        <font face="Times New Roman" size="2">DATE </font>
      </div>
      </td>
    </tr>
    <tr>
      <td vAlign="top" width="29%"><hr width="100%" noShade SIZE="2"></td>
      <td vAlign="top" width="5%">&nbsp;</td>
      <td vAlign="top" width="33%"><hr width="100%" noShade SIZE="2"></td>
      <td vAlign="top" width="5%">&nbsp;</td>
      <td vAlign="top" width="16%"><hr width="100%" noShade SIZE="2"></td>
    </tr>
    <tr>
      <td align="left" width="29%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">/s/ MICHAEL WILHELM</font><hr noShade SIZE="1" color="#000000">
      </div>
      </td>
      <td align="left" width="5%">
      &nbsp;</td>
      <td align="left" width="33%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Chief Executive Officer and
        Director (Principal Executive Officer) </font>
      </div>
      </td>
      <td align="middle" width="5%">
      &nbsp;</td>
      <td align="middle" width="16%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
        <font face="Times New Roman" size="2">March 11, 2004 </font>
      </div>
      </td>
    </tr>
    <tr>
      <td vAlign="top" width="29%">
        <font face="Times New Roman" size="2">Michael Wilhelm
        </font>
      </td>
      <td vAlign="top" width="5%">&nbsp;</td>
      <td vAlign="top" width="33%">&nbsp;</td>
      <td vAlign="top" width="5%">&nbsp;</td>
      <td vAlign="top" width="16%">&nbsp;</td>
    </tr>
    <tr>
      <td align="left" width="29%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2"><br>
        /s/ ERIC HOPKINS</font></div>
      </td>
      <td align="left" width="5%">
      &nbsp;</td>
      <td align="left" width="33%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Chief Financial Officer </font>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">(Principal Accounting Officer)
        </font>
      </div>
      </td>
      <td align="middle" width="5%">
      &nbsp;</td>
      <td align="middle" width="16%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
        <font face="Times New Roman" size="2">March 11, 2004 </font>
      </div>
      </td>
    </tr>
    <tr>
      <td vAlign="top" width="29%"><hr noShade SIZE="1" color="#000000">

        <font face="Times New Roman" size="2">Eric Hopkins<br>
&nbsp;</font></td>
      <td vAlign="top" width="5%">&nbsp;</td>
      <td vAlign="top" width="33%">&nbsp;</td>
      <td vAlign="top" width="5%">&nbsp;</td>
      <td vAlign="top" width="16%">&nbsp;</td>
    </tr>
    <tr>
      <td align="left" width="29%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">/s/ MARK WITTEN</font></div>
      </td>
      <td align="left" width="5%">
      &nbsp;</td>
      <td align="left" width="33%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Director </font>
      </div>
      </td>
      <td align="middle" width="5%">
      &nbsp;</td>
      <td align="middle" width="16%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
        <font face="Times New Roman" size="2">March 11, 2004 </font>
      </div>
      </td>
    </tr>
    <tr>
      <td vAlign="top" width="29%"><hr noShade SIZE="1" color="#000000">
        <font face="Times New Roman" size="2">Mark Witten </font>
      </td>
      <td vAlign="top" width="5%">&nbsp;</td>
      <td vAlign="top" width="33%">&nbsp;</td>
      <td vAlign="top" width="5%">&nbsp;</td>
      <td vAlign="top" width="16%">&nbsp;</td>
    </tr>
    <tr>
      <td align="left" width="29%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2"><br>
        /s/ DAVID HARRIS</font></div>
      </td>
      <td align="left" width="5%">
      &nbsp;</td>
      <td align="left" width="33%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Director </font>
      </div>
      </td>
      <td align="middle" width="5%">
      &nbsp;</td>
      <td align="middle" width="16%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
        <font face="Times New Roman" size="2">&nbsp;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
        <font face="Times New Roman" size="2">March 11 2004 </font>
      </div>
      </td>
    </tr>
    <tr>
      <td vAlign="top" width="29%"><hr noShade SIZE="1" color="#000000">

        <font face="Times New Roman" size="2">David Harris
        </font>
      </td>
      <td vAlign="top" width="5%">&nbsp;</td>
      <td vAlign="top" width="33%">&nbsp;</td>
      <td vAlign="top" width="5%">&nbsp;</td>
      <td vAlign="top" width="16%">&nbsp;</td>
    </tr>
    <tr>
      <td align="left" width="29%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2"><br>
        /s/ THEODORE STAAHL</font></div>
      </td>
      <td align="left" width="5%">
      &nbsp;</td>
      <td align="left" width="33%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Director </font>
      </div>
      </td>
      <td align="middle" width="5%">
      &nbsp;</td>
      <td align="middle" width="16%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
        <font face="Times New Roman" size="2">&nbsp;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
        <font face="Times New Roman" size="2">March 11, 2004 </font>
      </div>
      </td>
    </tr>
    <tr>
      <td vAlign="top" width="29%"><hr noShade SIZE="1" color="#000000">
        <font face="Times New Roman" size="2">Theodore Staahl
        </font>
      </td>
      <td vAlign="top" width="5%">&nbsp;</td>
      <td vAlign="top" width="33%">&nbsp;</td>
      <td vAlign="top" width="5%">&nbsp;</td>
      <td vAlign="top" width="16%">&nbsp;</td>
    </tr>
  </table>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    <font face="Times New Roman" size="2"><br>
&nbsp;</font></div>
  <table id="PGBRK" width="100%">
    <tr>
      <td vAlign="top" width="100%" colSpan="3">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <p align="center">
        <font face="Times New Roman" size="2">5</font></div>
      </td>
    </tr>
    <tr>
      <td align="left" width="33%"><font size="2" face="Times New Roman">&nbsp;</font></td>
      <td align="middle" width="33%"><font size="2" face="Times New Roman">&nbsp;</font></td>
      <td align="right" width="33%"><font size="2" face="Times New Roman">&nbsp;</font></td>
    </tr>
    <tr>
      <td colSpan="3"><font size="1">
      <hr style="PAGE-BREAK-AFTER: always" width="100%" noShade SIZE="1"></font>
      </td>
    </tr>
    <tr>
      <td vAlign="top" width="100%" colSpan="3">&nbsp;</td>
    </tr>
  </table>
  <p><font face="Times New Roman" size="2"><br>
&nbsp;</font></p>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><b>EXHIBIT INDEX</b> </font>
  </div>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
    <font face="Times New Roman" size="2"><br>
&nbsp;</font></div>
  <table cellSpacing="0" cellPadding="0" width="100%" align="center" valign="top">
    <tr>
      <td align="left" width="13%" valign="bottom">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Exhibit </font>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Numbers </font>
      </div>
      </td>
      <td vAlign="bottom" align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Description </font>
      </div>
      </td>
    </tr>
    <tr>
      <td vAlign="top" width="13%"><hr width="100%" noShade SIZE="2"></td>
      <td vAlign="top" width="69%"><hr width="100%" noShade SIZE="2"></td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">4.1 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">2003 Stock Option, Deferred Stock
        and Restricted Stock Plan. </font>
      </div>
      </td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">4.2 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Form of Stock Option Agreement
        (Employee). </font>
      </div>
      </td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">4.3 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Form of Stock Option Agreement
        (Executive). </font>
      </div>
      </td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">4.4 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Form of Stock Option Agreement
        (Super Executive). </font>
      </div>
      </td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">4.5 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Form of Stock Option Agreement
        (Other) </font>
      </div>
      </td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">4.6 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Form of Restricted Stock Award
        Agreement (Employee) </font>
      </div>
      </td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">4.7 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Form of Restricted Stock Award
        Agreement (Executive) </font>
      </div>
      </td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">4.8 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Form of Restricted Stock Award
        Agreement (Super Executive) </font>
      </div>
      </td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">4.9 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Form of Stock Award Agreement
        (Other) </font>
      </div>
      </td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">5.1 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Opinion of Kirkpatrick &amp; Lockhart
        LLP. </font>
      </div>
      </td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">23.1 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Consent of Singer Lewak Greenbaum
        &amp; Goldstein LLP </font>
      </div>
      </td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">23.2 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Consent of Stonefield Josephson, Inc. </font>
      </div>
      </td>
    </tr>
    <tr>
      <td align="left" width="13%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">23.3 </font>
      </div>
      </td>
      <td align="left" width="69%">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <font face="Times New Roman" size="2">Consent of Kirkpatrick &amp; Lockhart
        LLP (contained in Exhibit 5). </font>
      </div>
      </td>
    </tr>
  </table>
  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
    &nbsp;</div>
  <table id="LASTFTR" width="100%">
    <tr>
      <td vAlign="top" width="100%" colSpan="3">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">
        <p align="center">
        <font face="Times New Roman" size="2">6</font></div>
      </td>
    </tr>
    <tr>
      <td align="left" width="33%"><font size="2" face="Times New Roman">&nbsp;</font></td>
      <td align="middle" width="33%"><font size="2" face="Times New Roman">&nbsp;</font></td>
      <td align="right" width="33%"><font size="2" face="Times New Roman">&nbsp;</font></td>
    </tr>
  </table>
</div>

</body>

</html>
[{"type": "S-8", "sequence": "1", "filename": "forms8.htm", "secsgml_size_bytes": 78471}]
{"company-data": {"conformed-name": "IR BIOSCIENCES HOLDINGS INC", "cik": "0000793043", "assigned-sic": "6770", "irs-number": "133301899", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-113511", "film-number": "04663034"}, "business-address": {"street1": "8655 EAST VIA DE VENTURA", "street2": "SUITE E-155", "city": "SCOTTSDALE", "state": "AZ", "zip": "85258", "phone": "480-922-3926"}, "mail-address": {"street1": "8655 EAST VIA DE VENTURA", "street2": "SUITE E-155", "city": "SCOTTSDALE", "state": "AZ", "zip": "85258"}, "former-company": [{"former-conformed-name": "GPN NETWORK INC", "date-changed": "20020408"}, {"former-conformed-name": "GOPUBLICNOW COM INC", "date-changed": "20000420"}, {"former-conformed-name": "DERMARX CORP", "date-changed": "19950118"}]}
As Filed with the Securities and Exchange Commission on March
As Filed with the Securities and
    Exchange Commission on March __, 2004
Registration No. 333-__________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
FORM S-8
REGISTRATION STATEMENT UNDER THE
    SECURITIES ACT OF 1933
____________________
IR BIOSCIENCES HOLDINGS, INC.
(Exact Name of Registrant as
    Specified in its Charter)
Delaware
(State or other jurisdiction of
        incorporation
or organization)
3841
(Primary Standard Industrial
        Classification
Code Number)
13-3301899
(I.R.S. Employer Identification
        Number)
8655 East Via De Ventura, Suite E-155
Scottsdale, Arizona 85258
(Address of Principal Executive
    Offices and Zip Code)
____________________
2003 STOCK OPTION, DEFERRED STOCK
AND RESTRICTED STOCK PLAN
(Full Title of the Plans)
____________________
Michael Wilhelm
8655 East Via De Ventura, Suite
    E-155
Scottsdale, Arizona 85258
(480) 922-3926
(Name, Address, including Zip Code,
    and Telephone Number, including Area Code, of Agent for Service)
____________________
Copies to
Thomas J. Poletti, Esq.
Kirkpatrick & Lockhart LLP
10100 Santa Monica Blvd., 7th Floor
Los Angeles, CA 90067
Telephone (310) 552-5000
Facsimile (310) 552-5001
____________________
CALCULATION OF REGISTRATION FEE
Title of securities to be
            registered
Amount to be registered
Proposed maximum
offering price
per share(1)
Proposed maximum aggregate
offering price(1)
Amount of registration fee
Common Stock, $.001 par value
400,000
$
0.10
40,000
$
5
Common Stock, $.001 par value
525,800
$
0.50
262,900
$
33
Common Stock, $.001 par value
874,200
$
1.01
882,942
$
112
Total Registration Fee
1,800,000
$
151
(1)    Estimated solely
    for the purpose of calculating the amount of the registration fee in
    accordance with Rule 457(h)(1) under the Securities Act, based on the price
    at which options may be exercised, or if such price is not known, on the
    basis of the average of the high and low prices of the common stock of the
    Registrant as traded in the over-the-counter market and reported on the OTC
    Electronic Bulletin Board of the National Association of Securities Dealers
    on March 1, 2004. In addition, pursuant to Rule 416(c) under the Securities
    Act of 1933, this registration statement also covers an indeterminate amount
    of interests to be offered or sold pursuant to the employee benefit plan
    described herein.
PART I
INFORMATION REQUIRED IN THE SECTION
    10(a) PROSPECTUS
The documents containing information
    specified in this Part I are being separately provided to the Registrant's
    employees, officers, directors and consultants as specified by Rule
    428(b)(1) of the Securities Act of 1933.
2
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents
    by Reference.
The documents listed in
    paragraphs (a) through (d) below have been filed with the Securities and
    Exchange Commission (the "Commission") and are hereby incorporated by
    reference into this Registration Statement. All documents subsequently filed
    by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the
    Securities Exchange Act of 1934 (the "Exchange Act"), prior to the filing of
    a post-effective amendment which indicates that all securities offered
    herein 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 hereto from the date of filing of
    such documents.
(a)
Registrant's
Annual Report on Form 10-KSB for the year ended December 31, 2002 filed with the SEC on
                  April 15, 2003;
(b)
Registrant's
Quarterly Report on Form 10-QSB for the quarters ended March 31, 2003, June 30, 2003 and
                  September 30, 2003 filed with the SEC on May 15, 2003, August 19, 2003
and December 29, 2003,                   respectively.
(c)
Registrant's
Current Reports on Form 8-K filed with the SEC on July 7, 2003, July 18, 2003, August 29,
                  2003 and December 29, 2003; and
(d)
Registrant's
Definitive Information Statements filed with the SEC on June 9, 2003 and August 7, 2003.
Item 4. Description of Securities.
Common Stock
The
    Company is authorized to issue 100,000,000 shares of Common Stock, $.001 par
    value per share.
The
    holders of common stock are entitled to one vote per share on all matters to
    be voted upon by the stockholders. The holders of common stock are entitled
    to receive ratably dividends, if any, as may be declared from time to time
    by the board of directors out of funds legally available for that purpose.
    In the event of our liquidation, dissolution or winding up, the holders of
    common stock are entitled to share ratably in all assets remaining after
    payment of liabilities. The common stock has no preemptive or conversion
    rights or other subscription rights. There are no redemption or sinking fund
    provisions applicable to the common stock. All outstanding shares of common
    stock are fully
paid and
    non-assessable.
Item 5. Interests of Named Experts
    and Counsel.
Kirkpatrick & Lockhart LLP, Los
    Angeles, California, will pass for us on the validity of the common stock
    offered hereby. A partner of Kirkpatrick & Lockhart LLP owns options to
    acquire an aggregate of 35,000 shares of our common stock at an exercise
    price of $.60 per share.
Item 6. Indemnification of
    Directors and Officers.
Section 145 of the Delaware General
    Corporation Law allows for the indemnification of officers, directors, and
    other corporate agents in terms sufficiently broad to indemnify such persons
    under certain circumstances for liabilities (including reimbursement for
    expenses incurred) arising under the Securities Act of 1933. Article 7 of
    the Registrant's  Certificate of Incorporation,
    as amended, and Article VII, Section 7 of the Registrant's Amended and
    Restated Bylaws provide for indemnification of the Registrant's directors,
    officers, employees, and other agents to the extent and under the
    circumstances permitted by the Delaware General Corporation Law. The
    Registrant has also entered into agreements with its directors and executive
    officers that will require the Registrant, among other things, to indemnify
    them against certain liabilities that may arise by reason of their status or
    service as directors to the fullest extent not prohibited by law to the
    extent such costs or expenses are not covered by existing directors and
    officers insurance. The Registrant carries directors and officers liability
    insurance covering its directors and officers against liability asserted
    against or incurred by the person arising out of his or her capacity as a
    director or officer, including any liability for violations of the
    Securities Act or the Exchange Act, subject to some exclusions and coverage
    limitations.
3
Item 7. Exemption From Registration
    Claimed.
Not applicable.
Item 8. Exhibits.
Exhibit
Numbers
Description
4.1
2003 Stock Option, Deferred Stock
        and Restricted Stock Plan.
4.2
Form of Stock Option Agreement
        (Employee).
4.3
Form of Stock Option Agreement
        (Executive).
4.4
Form of Stock Option Agreement
        (Super Executive).
4.5
Form of Stock Option Agreement
        (Other)
4.6
Form of Restricted Stock Award
        Agreement (Employee)
4.7
Form of Restricted Stock Award
        Agreement (Executive)
4.8
Form of Restricted Stock Award
        Agreement (Super Executive)
4.9
Form of Stock Award Agreement
        (Other)
5.1
Opinion of Kirkpatrick & Lockhart
        LLP.
23.1
Consent of Singer Lewak Greenbaum
        & Goldstein LLP
23.2
Consent of Stonefield Josephson, Inc.
23.3
Consent of Kirkpatrick & Lockhart
        LLP (contained in Exhibit 5).
Item 9. Undertakings.
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 to include any material information with
    respect to the plan of distribution not previously disclosed in the
    Registration Statement or any material change to such information in the
    Registration Statement.
(2) That, for the purpose of
    determining any liability under the Securities Act, 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.
(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 offering.
The undersigned Registrant
    hereby undertakes that, for purposes of determining any liability under the
    Securities Act, each filing of the Registrant's annual report pursuant to
    Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable,
    each filing of an employee benefit plan's annual report pursuant to Section
    15(d) of the Exchange Act) 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.
Insofar as indemnification
    by the Registrant for liabilities arising under the Securities Act may be
    permitted to directors, officers and controlling persons of the Registrant
    pursuant to the provisions referenced in Item 6 of this Registration
    Statement 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 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
    hereunder, 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 and will be
    governed by the final adjudication of such issue.
4
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 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
    Scottsdale, State of Arizona, on this 11
th
day of March, 2004.
IR BIOSCIENCES
          HOLDINGS, INC.
By:
/s/ MICHAEL WILHELM
Michael Wilhelm
Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS,
    that each person whose signature appears below constitutes and appoints
    Michael Wilhelm as his true and lawful attorney-in-fact and agent, with full
    power of substitution for him in any and all capacities, to sign any and all
    amendments (including post-effective amendments) to this Registration
    Statement, and to file the same, with all exhibits thereto, and other
    documents in connection therewith, with the Securities and Exchange
    Commission, granting unto said attorney-in-fact and agent, power and
    authority to do and perform each and every act and thing requisite and
    necessary to be done in connection therewith, as fully to all intents and
    purposes as he might or could do in person, hereby ratifying and confirming
    all that said attorney-in-fact and agent, or his substitute or substitutes,
    may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the
    Securities Act of 1933, this Registration Statement has been signed by the
    following persons in the capacities and on the dates indicated.
SIGNATURE
TITLE
DATE
/s/ MICHAEL WILHELM
Chief Executive Officer and
        Director (Principal Executive Officer)
March 11, 2004
Michael Wilhelm
/s/ ERIC HOPKINS
Chief Financial Officer
(Principal Accounting Officer)
March 11, 2004
Eric Hopkins
/s/ MARK WITTEN
Director
March 11, 2004
Mark Witten
/s/ DAVID HARRIS
Director
March 11 2004
David Harris
/s/ THEODORE STAAHL
Director
March 11, 2004
Theodore Staahl
5
EXHIBIT INDEX
Exhibit
Numbers
Description
4.1
2003 Stock Option, Deferred Stock
        and Restricted Stock Plan.
4.2
Form of Stock Option Agreement
        (Employee).
4.3
Form of Stock Option Agreement
        (Executive).
4.4
Form of Stock Option Agreement
        (Super Executive).
4.5
Form of Stock Option Agreement
        (Other)
4.6
Form of Restricted Stock Award
        Agreement (Employee)
4.7
Form of Restricted Stock Award
        Agreement (Executive)
4.8
Form of Restricted Stock Award
        Agreement (Super Executive)
4.9
Form of Stock Award Agreement
        (Other)
5.1
Opinion of Kirkpatrick & Lockhart
        LLP.
23.1
Consent of Singer Lewak Greenbaum
        & Goldstein LLP
23.2
Consent of Stonefield Josephson, Inc.
23.3
Consent of Kirkpatrick & Lockhart
        LLP (contained in Exhibit 5).
6