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): July 12, 1999


                             CENTRAL OIL CORPORATION
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


           Colorado                       0-23123               84-0856436
------------------------------          ------------         -------------------
        State or other                  (Commission            (IRS Employer
Jurisdiction of Incorporation)          File Number)         Identification No.)


152 West 57th Street, 40th Floor, New York, New York              10019
----------------------------------------------------            ----------
     (Address of principal executive offices)                   (Zip Code)


        Registrant's telephone number, including area code (212) 765-2915


<PAGE>


Item 4.           CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT.

         Effective July 12, 1999, the Registrant changed its independent auditor
for the fiscal year ended December 31, 1999 from Janet Loss, C.P.A., P.C. to
Marcum & Kliegman, LLP. This action was part of the Registrant's transition
activities following the completion of the change in control of the Registrant
as previously disclosed. Effective July 12, 1999, the new Board of Directors of
the Registrant appointed Marcum & Kliegman, LLP, the Registrant's new
independent auditors.

         Registrant's financial statements prepared by Janet Loss, C.P.A., P.C.
contained no adverse opinion or disclaimer of opinion, and were not qualified as
to uncertainty, scope or accounting principals. The decision to change
accountants was recommended by Registrant's new Board of Directors.

         Registrant believes there were no disagreements with Janet Loss,
C.P.A., P.C. within the meaning of Instruction 4 of Item 304 of Regulation S-B
on any matters of accounting principals or practices, financial statement
disclosure or auditing scope or procedures in connection with audits of
Registrant's financial statements for the fiscal year ended December 31, 1998,
which disagreements, if not resolved to the satisfaction of Janet Loss, C.P.A.,
P.C. would have caused that firm to make reference in connection with its
reports to the subject matter of the disagreement(s) or any reportable events.

         Registrant has requested that Janet Loss, C.P.A., P.C. furnish it with
a letter addressed to the Securities and Exchange Commission (the "SEC") stating
whether it agrees with the above statements and, if not, stating the respects in
which it does not agree. Registrant shall file such letter with the SEC within
ten days of the filing of this Current Report in compliance with Item 304(a)(3)
of Regulation S-B.

                                   SIGNATURES

         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 hereunto duly authorized.

                                      CENTRAL OIL CORPORATION

Date:  July 20, 1999                  By: /s/ ANDREAS TYPALDOS
                                          --------------------------------------
                                          Andreas Typaldos
                                          Chairman of the Board and
                                          Chief Executive Officer

                                       2
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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): July 12, 1999

                             CENTRAL OIL CORPORATION
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

           Colorado                       0-23123               84-0856436
------------------------------          ------------         -------------------
        State or other                  (Commission            (IRS Employer
Jurisdiction of Incorporation)          File Number)         Identification No.)

152 West 57th Street, 40th Floor, New York, New York              10019
----------------------------------------------------            ----------
     (Address of principal executive offices)                   (Zip Code)

        Registrant's telephone number, including area code (212) 765-2915
Item 4.           CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT.

         Effective July 12, 1999, the Registrant changed its independent auditor
for the fiscal year ended December 31, 1999 from Janet Loss, C.P.A., P.C. to
Marcum & Kliegman, LLP. This action was part of the Registrant's transition
activities following the completion of the change in control of the Registrant
as previously disclosed. Effective July 12, 1999, the new Board of Directors of
the Registrant appointed Marcum & Kliegman, LLP, the Registrant's new
independent auditors.

         Registrant's financial statements prepared by Janet Loss, C.P.A., P.C.
contained no adverse opinion or disclaimer of opinion, and were not qualified as
to uncertainty, scope or accounting principals. The decision to change
accountants was recommended by Registrant's new Board of Directors.

         Registrant believes there were no disagreements with Janet Loss,
C.P.A., P.C. within the meaning of Instruction 4 of Item 304 of Regulation S-B
on any matters of accounting principals or practices, financial statement
disclosure or auditing scope or procedures in connection with audits of
Registrant's financial statements for the fiscal year ended December 31, 1998,
which disagreements, if not resolved to the satisfaction of Janet Loss, C.P.A.,
P.C. would have caused that firm to make reference in connection with its
reports to the subject matter of the disagreement(s) or any reportable events.

         Registrant has requested that Janet Loss, C.P.A., P.C. furnish it with
a letter addressed to the Securities and Exchange Commission (the "SEC") stating
whether it agrees with the above statements and, if not, stating the respects in
which it does not agree. Registrant shall file such letter with the SEC within
ten days of the filing of this Current Report in compliance with Item 304(a)(3)
of Regulation S-B.

                                   SIGNATURES

         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 hereunto duly authorized.

                                      CENTRAL OIL CORPORATION

Date:  July 20, 1999                  By: /s/ ANDREAS TYPALDOS
                                          --------------------------------------
                                          Andreas Typaldos
                                          Chairman of the Board and
                                          Chief Executive Officer

                                       2