<PAGE>



              SECURITIES AND EXCHANGE COMMISSION
                   Washington, D.C.  20549


                           FORM 8-K

                        CURRENT REPORT

            Pursuant to Section 13 or 15(d) of the 
               Securities Exchange Act of 1934


             Date of Report:  February 11, 1997

       INTERNATIONAL TOURIST ENTERTAINMENT CORPORATION

                Commission File No. 0-21070


                       
   U.S. Virgin Islands	 	       	  66-0426648
-------------------------        ---------------
(State of Incorporation)	         (IRS Employer    
                               Identification No.)

                  7030 Park Centre Drive
                Salt Lake City, Utah 84121
                     (801) 566-9000



<PAGE>
Item 1-3.		Not Applicable.

Item 4.		Changes in Registrant's Certifying Accountant
         ---------------------------------------------

	a.   On February 11, 1997, the Registrant dismissed 
KPMG Peat Marwick LLP Salt Lake City, Utah, the principal 
accountant previously engaged to audit the Registrant's 
financial statements.  No audit of the Registrant's 
financial statements has been performed for the fiscal year 
ended June 30, 1996.  The accountant's report on the 
Registrant's financial statements for the fiscal year ended 
June 30, 1995 contained a going concern explanatory 
paragraph.  The Board of Directors of the Registrant has 
approved the change of accountants,

	There have been no disagreements between the Registrant 
and the former accountant on any matter of accounting 
principles or practices, financial statement disclosure, or 
auditing scope or procedure in connection with the audits of 
the two years ended June 30, 1995 or any subsequent period 
preceding the change described herein.

	The Registrant has requested the former accountant to 
furnish the Registrant a letter addressed to the Securities 
and Exchange Commission stating whether it agrees with the 
statements made by the Registrant in response to this item, 
and if not, stating the respects in which it does not agree.

	(b)   On February 12, 1997, the Registrant engaged 
Tanner & Company, Salt Lake City, Utah, as the principal 
accountant to audit the Registrant's financial statements.

Item 7.		Financial Statements, Pro Forma Financial Information and Exhibits
         ------------------------------------------------------------------

	(a.) & (b.)	No financial statements or pro forma 
financial information is filed with this report.

	(c.)	Exhibits

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

	16.1	Letters from KPMG Peat Marwick LLP regarding 
change in certifying 			accountant as required by 
Item 304a(3).


<PAGE>
                       SIGNATURE

	Pursuant to the requirements of the Securities Exchange 
Act of 1934, the Registrant has duly caused this report to 
be signed on its behalf by the undersigned thereunto duly 
authorized.


          	             				 INTERNATIONAL  TOURIST 
						                       ENTERTAINMENT CORPORATION



Date:    2/18/97            	By /S/ Kelvyn H. Cullimore
      ------------------     -------------------------------
                       						Kelvyn H. Cullimore, President
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{"company-data": {"conformed-name": "INTERNATIONAL TOURIST ENTERTAINMENT CORP", "cik": "0000875428", "assigned-sic": "7830", "irs-number": "660426648", "state-of-incorporation": "UT", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-21070", "film-number": "97538827"}, "business-address": {"street1": "7030 PARK CENTRE DR", "city": "SALT LAKE CITY", "state": "UT", "zip": "84121", "phone": "8015669000"}, "mail-address": {"street1": "7030 PARK CENTRE DR", "city": "SALT LAKE CITY", "state": "UT", "zip": "84121"}}
SECURITIES AND EXCHANGE COMMISSION
                   Washington, D.C.  20549

                           FORM 8-K

                        CURRENT REPORT

            Pursuant to Section 13 or 15(d) of the 
               Securities Exchange Act of 1934

             Date of Report:  February 11, 1997

       INTERNATIONAL TOURIST ENTERTAINMENT CORPORATION

                Commission File No. 0-21070

                       
   U.S. Virgin Islands	 	       	  66-0426648
-------------------------        ---------------
(State of Incorporation)	         (IRS Employer    
                               Identification No.)

                  7030 Park Centre Drive
                Salt Lake City, Utah 84121
                     (801) 566-9000
Item 1-3.		Not Applicable.

Item 4.		Changes in Registrant's Certifying Accountant
         ---------------------------------------------

	a.   On February 11, 1997, the Registrant dismissed 
KPMG Peat Marwick LLP Salt Lake City, Utah, the principal 
accountant previously engaged to audit the Registrant's 
financial statements.  No audit of the Registrant's 
financial statements has been performed for the fiscal year 
ended June 30, 1996.  The accountant's report on the 
Registrant's financial statements for the fiscal year ended 
June 30, 1995 contained a going concern explanatory 
paragraph.  The Board of Directors of the Registrant has 
approved the change of accountants,

	There have been no disagreements between the Registrant 
and the former accountant on any matter of accounting 
principles or practices, financial statement disclosure, or 
auditing scope or procedure in connection with the audits of 
the two years ended June 30, 1995 or any subsequent period 
preceding the change described herein.

	The Registrant has requested the former accountant to 
furnish the Registrant a letter addressed to the Securities 
and Exchange Commission stating whether it agrees with the 
statements made by the Registrant in response to this item, 
and if not, stating the respects in which it does not agree.

	(b)   On February 12, 1997, the Registrant engaged 
Tanner & Company, Salt Lake City, Utah, as the principal 
accountant to audit the Registrant's financial statements.

Item 7.		Financial Statements, Pro Forma Financial Information and Exhibits
         ------------------------------------------------------------------

	(a.) & (b.)	No financial statements or pro forma 
financial information is filed with this report.

	(c.)	Exhibits

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

	16.1	Letters from KPMG Peat Marwick LLP regarding 
change in certifying 			accountant as required by 
Item 304a(3).
SIGNATURE

	Pursuant to the requirements of the Securities Exchange 
Act of 1934, the Registrant has duly caused this report to 
be signed on its behalf by the undersigned thereunto duly 
authorized.

          	             				 INTERNATIONAL  TOURIST 
						                       ENTERTAINMENT CORPORATION

Date:    2/18/97            	By /S/ Kelvyn H. Cullimore
      ------------------     -------------------------------
                       						Kelvyn H. Cullimore, President