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 (Date of earliest event reported) October 27, 1997


                             AMERICAN CONSOLIDATED
                               GROWTH CORPORATION
              -----------------------------------------------------
             (Exact name of registrant as specified in its charter)



       Delaware                     0-16447                   52-1508578
       --------                     -------                   ----------
(State of incorporation)     (Commission File Number)   (IRS Employer ID number)



               5031 S. Ulster Street, Suite 205, Denver, CO 80237
               --------------------------------------------------
               (Address of principal executive office) (Zip code)


                                 (303) 220-8686
                                 --------------
              (Registrant's telephone number, including area code)








<PAGE>



                                    Form 8-K
                                    --------

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

Item 1. Changes in Control of Registrant.
        ---------------------------------
        Not Applicable

Item 2. Acquisition or Disposition of Assets.
        -------------------------------------
        See Item 5 Below.

Item 3. Bankruptcy or Receivership.
        --------------------------
        Not Applicable

Item 4. Changes in Registrant's Certifying Accountant.
        ---------------------------------------------
        Not Applicable

Item 5. Other Events.

          On October 22, 1997,  the Company  successfully  completed the sale of
          the Overland Park,  Kansas  operations of its wholly owned subsidiary,
          Eleventh Hour, Inc., a staffing services  business.  The sale was made
          to Western Staff  Services,  Inc., of Walnut Grove,  California.  AMGC
          plans to  utilize  proceeds  from the sale for debt  reduction  and to
          improve ongoing working capital shortages.

          The Company's wholly owned subsidiary,  Eleventh Hour, Inc.,  believes
          the sale of the Overland Park,  Kansas  operations,  which represented
          approximately  25% of EHI's total  revenues in fiscal  1997,  will not
          adversely impact the subsidiary's  cumulative  fiscal 1998 performance
          due  to  increased   sales  of  the   Colorado  and   California-based
          operations.   However,   management  can  provide  no  assurance  such
          performance will continue during the current fiscal year period ending
          June 30, 1998.

          In the fiscal year ended June 30, 1997, AMGC reported  unaudited gross
          revenues of $10,207,667.




<PAGE>




                                   SIGNATURES
                                   ----------



Pursuant to the  requirements of Section 13 or 15(d) 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  on this  27th  day of
October, 1997.

                                                         
                                            By: s/s  Cory J. Coppage
                                                --------------------------------
                                                Cory J. Coppage
                                                Secretary and Treasurer

Dated: October 27, 1997.
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{"company-data": {"conformed-name": "AMERICAN CONSOLIDATED GROWTH CORP", "cik": "0000812407", "assigned-sic": "7363", "irs-number": "521508578", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-16447", "film-number": "97701458"}, "business-address": {"street1": "5031 S ULSTER ST", "street2": "SUITE 205", "city": "DENVER", "state": "CO", "zip": "80237", "phone": "3032208686"}, "mail-address": {"street1": "8100 E ARAPAHOE ROAD", "city": "DENVER", "state": "CO", "zip": "80112"}, "former-company": {"former-conformed-name": "AMERICAN CONSOLIDATED GOLD CORP", "date-changed": "19910528"}}
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 (Date of earliest event reported) October 27, 1997

                             AMERICAN CONSOLIDATED
                               GROWTH CORPORATION
              -----------------------------------------------------
             (Exact name of registrant as specified in its charter)

       Delaware                     0-16447                   52-1508578
       --------                     -------                   ----------
(State of incorporation)     (Commission File Number)   (IRS Employer ID number)

               5031 S. Ulster Street, Suite 205, Denver, CO 80237
               --------------------------------------------------
               (Address of principal executive office) (Zip code)

                                 (303) 220-8686
                                 --------------
              (Registrant's telephone number, including area code)
Form 8-K
                                    --------

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

Item 1. Changes in Control of Registrant.
        ---------------------------------
        Not Applicable

Item 2. Acquisition or Disposition of Assets.
        -------------------------------------
        See Item 5 Below.

Item 3. Bankruptcy or Receivership.
        --------------------------
        Not Applicable

Item 4. Changes in Registrant's Certifying Accountant.
        ---------------------------------------------
        Not Applicable

Item 5. Other Events.

          On October 22, 1997,  the Company  successfully  completed the sale of
          the Overland Park,  Kansas  operations of its wholly owned subsidiary,
          Eleventh Hour, Inc., a staffing services  business.  The sale was made
          to Western Staff  Services,  Inc., of Walnut Grove,  California.  AMGC
          plans to  utilize  proceeds  from the sale for debt  reduction  and to
          improve ongoing working capital shortages.

          The Company's wholly owned subsidiary,  Eleventh Hour, Inc.,  believes
          the sale of the Overland Park,  Kansas  operations,  which represented
          approximately  25% of EHI's total  revenues in fiscal  1997,  will not
          adversely impact the subsidiary's  cumulative  fiscal 1998 performance
          due  to  increased   sales  of  the   Colorado  and   California-based
          operations.   However,   management  can  provide  no  assurance  such
          performance will continue during the current fiscal year period ending
          June 30, 1998.

          In the fiscal year ended June 30, 1997, AMGC reported  unaudited gross
          revenues of $10,207,667.
SIGNATURES
                                   ----------

Pursuant to the  requirements of Section 13 or 15(d) 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  on this  27th  day of
October, 1997.

                                                         
                                            By: s/s  Cory J. Coppage
                                                --------------------------------
                                                Cory J. Coppage
                                                Secretary and Treasurer

Dated: October 27, 1997.