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

                                 January 5, 1998
                Date of Report (Date of earliest event reported)

                      ROCKY MOUNTAIN INTERNATIONAL LIMITED
             (Exact name of registrant as specified in its charter)


 Washington                        33-42070                       91-1552419
(State or other                  (Commission                    (IRS Employer
jurisdiction                     File Number)                Identification No.)
of incorporation)

           3418 North Ocean Boulevard, Fort Lauderdale, Florida 33308
          (Address of principal executive offices, including zip code)

        Registrant's telephone number, including area code: (954)565-9292



                                  Page 1 of 9.
                            Exhibit Index on page 5.







                                        1

<PAGE>





Item 1. Changes in Control of Registrant

     See Item 5 herein.

Item 2. Acquisition or Disposition of Assets

     See Item 5 herein.

Item 5. Other Events



1.Ref.  SEC Release File No.  500.01.  On December 22, 1997,  the Securities and
Exchange  Commission  "SEC"  halted  trading  in the  stock  of  Rocky  Mountain
International  Ltd.  Based on  "questions  regarding  the accuracy of statements
concerning,  among  other  things,  the  ownership  and value of certain  assets
claimed by RMIL,  RMIL's  business  operations and the merger of RMIL with third
parties."  Trading  will  recommence  on January 6, 1998.  The  company  has and
continues  to work with the SEC to rectify  any issues  raised by the SEC and to
ensure that the trading recommences timely. ( release is attached as Exhibit A )


2.Ref. Letter of Intent between Palco, Inc. and Olympus Ventures, Inc.:

A Letter of Intent was executed on July 25, 1997 between the  companies  whereby
the Company was to buy Palco, a garment manufacturing business for $750,000. The
letter of intent expired on September  24,1997.  However,  there were continuing
discussions  from the date of the LOI until  12-22-97 to  complete an  agreement
satisfactory to both parties.

Negotiations were in the final stage of completion until the morning of December
22,  1997 the date that the  Miami  office of the SEC  halted  trading  of Rocky
Mountain  International  Limited for 10 days.  Pat Lanzillo,  President of Palco
terminated all negotiation the morning after the notification by the SEC.

It is the  company's  belief that it should be able to proceed  with the fitness
garment  manufacturing and marketing  without  purchasing Palco. ( a copy of the
letter of intent is inclosed as Exhibit B )






                                        2

<PAGE>



3.Ref. Baron's International, Corp.:

Olympus Mills U.S.A. Inc. Filed a lawsuit against Nelson  International,  Corp.,
Baron's  International  S.A.,  Nelson Vidal,  Santos A. Alba and Jesus Verdura (
case # 97-21063 CA 25) on September  12, 1997,  for  rescission  of the contract
dated 11/2/95.  The lawsuit  stemmed from Baron's  failure to provide timely and
accurate  information  to Olympus Mills USA, Inc. and because of certain  untrue
statements made by Baron's management, the previous owners of the company, prior
to its sale to Olympus Mills.

In August of 1996 a new management took over  operations of the Company.  During
the next few months an investigation of Baron's  acquisition and current affairs
were  reviewed.  It  became  apparent  that  the  value  of  Baron's  was not as
represented by Baron's in the contract and the  management of Baron's  (previous
owners) was  unwilling  to divulge the current  status of the company as well as
not complying  with numerous  items  required in the contract.  Management had a
private appraisal  company appraise the assets of Baron's.  It was then apparent
that the  value  of  Baron's  was  considerably  less  than  represented  in the
contract.  At that time the  Company  made the  appropriate  adjustments  to the
Baron's value in the June 1996 10K to reflex the actual value.  By July 1997 the
Company had already  advanced Baron's in excess of $400,000 in an effort to keep
the company  viable.  In light of the  investigation,  the Company's  management
advised  Baron's  that it would no longer fund it.  Nelson  Vidal of Baron's was
approached with reference to the information found and was unwilling to make any
adjustments. Final closing of the agreement was due at the end of 1997, at which
time the Company would be obligated to give Baron's  previous  owners a combined
total of $1,500,000, in cash or shares.



On December 3 1997,  the  Company's  attorney,  Thomas  Abrams was informed by a
third party that they had purchased Baron's  International  S.A. two weeks prior
toDecember 3 1997. As of this date the Company has not been officially  informed
of such sale.


4.Ref. Olympus Mills, U.S.A. Inc.

The portion of the leased  facility of Olympus  Mills USA, Inc. at 749 West 17th
Street,  Hialeah,  Florida is currently  being  subleased to Ladies Wear for the
amount of  $5,000.00  per month and the  Company's  cutting  equipment  is being
leased for an additional $1,000.00 per month. This agreement was entered into
on June 24, 1996.


                                        3

<PAGE>



Due to the lack of business in the  cutting  facility in Hialeah the  management
decision  to lease two  thirds of the  facility  which has  created a  $1,000.00
profit per month for the Company.  There is additional  office space and factory
area's  which can be used by Olympus or leased out to other  businesses.  It was
the  managements'  decision to consolidate  all of the corporate  offices to the
Fort  Lauderdale  office  which has created an  additional  savings of $3,000 to
$5,000 per month in the companies overhead. Starting as of January 1, 1998 1,000
sq. ft of office space is being leased for an additional $400.00 per month.

The Company is currently  negotiating with Finova Capital Corporation to satisfy
the $200,000  loan assumed by Olympus Mills USA,  Inc.  from Ekrhen,  Corp.  The
Company is attempting to determine if Finova will accept the knitting  equipment
located in Hialeah in full satisfaction for the debt.

5.Ref. Demsey Mork Civil Action

The Company filed a civil  lawsuit in the US district  court of Florida ( case #
97-7191) dated 9/29/97, against Demsey Mork, Hand & Hand, a law corporation, and
John Hand. The lawsuit  alleges that the defendants have attempted to defame the
company and its  management for the purpose of  manipulating  the market and the
price of the Company's  common  stock.  The suit also alleges a violation of the
Florida Unfair Trade Practices Act. The suit seeks unspecified monetary damages.

On  11/6/97  Dempsey  Mork  filed  a  civil  suit in the US  district  court  of
California ( case # DECV97-300) against the Company, its officers and directors,
and the former  officers and directors of Rocky Mountain  Crystal  Water,  among
other defendants,  alleging  violation of federal and state securities laws. The
Company, Rocky Mountain Crystal Water and their officers and directors, deny all
wrongdoing and intends to vigorously  defend the action. An answer or responsive
pleading has yet to be filed by the Company responding to the allegations in the
complaint.


6.Ref. Rocky Mountain Crystal Water, Inc.

An 8K dated  10/7/97 was filed  reference the merger of Rocky  Mountain  Crystal
Water, Inc., and Olympus Ventures,  Inc. In this agreement Rocky Mountain was to
transfer  4,000,000  shares  of  MVP  Holdings,   with  a  guaranteed  value  of
$14,000,000 at the end of the twelfth month of the merger. In this agreement the
Company held back 6,000,000  shares of the Company's  common stock as protection
against  the asset not  being  available  at the end of the  required  time.  An
amendment to the agreement has removed the 4,000,000 shares and the Company will
not issue the 6,000,000 shares of the Company's common stock.

                                        4

<PAGE>


Per the  agreement  with  Rocky  Mountain  Crystal  Water,  Inc.  was to receive
$5,000,000 from an outside  investor  within 30 days of the signing.  Since that
date the Company  has given two 30 day  extensions.  The Company has  received a
copy of a letter from the investor dated January 1 1998, advising Rocky Mountain
Crystal Water,  Inc. that the funds were in processing at this time, the Company
has now given another 30-day extension due to the above mentioned letter.


Exhibit Index:

Page 6  Exhibit A
Page 7,8 and 9 Exhibit 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.

Dated: January 5,1998                       ROCKY MOUNTAIN INTERNATIONAL LIMITED



                                            By: /s/ Gary R. Morgan
                                               ---------------------------------
                                               Gary R. Morgan CEO

                                        5
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{"company-data": {"conformed-name": "ROCKY MOUNTAIN INTERNATIONAL LID", "cik": "0000878071", "assigned-sic": "6770", "irs-number": "911552419", "state-of-incorporation": "WA", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-42070", "film-number": "98500997"}, "business-address": {"street1": "3418 N OCEAN BLVD", "street2": "PARK ON THE BAYOU BLDG", "city": "FT LAUDERDALE", "state": "FL", "zip": "33308", "phone": "9545659292"}, "mail-address": {"street1": "3418 N OCEAN BLVD", "street2": "PARK ON THE BAYOU BLDG", "city": "FT LAUDERDALE", "state": "FL", "zip": "33308"}, "former-company": {"former-conformed-name": "OLYMPUS VENTURES INC", "date-changed": "19930328"}}
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

                                 January 5, 1998
                Date of Report (Date of earliest event reported)

                      ROCKY MOUNTAIN INTERNATIONAL LIMITED
             (Exact name of registrant as specified in its charter)

 Washington                        33-42070                       91-1552419
(State or other                  (Commission                    (IRS Employer
jurisdiction                     File Number)                Identification No.)
of incorporation)

           3418 North Ocean Boulevard, Fort Lauderdale, Florida 33308
          (Address of principal executive offices, including zip code)

        Registrant's telephone number, including area code: (954)565-9292

                                  Page 1 of 9.
                            Exhibit Index on page 5.

                                        1
Item 1. Changes in Control of Registrant

     See Item 5 herein.

Item 2. Acquisition or Disposition of Assets

     See Item 5 herein.

Item 5. Other Events

1.Ref.  SEC Release File No.  500.01.  On December 22, 1997,  the Securities and
Exchange  Commission  "SEC"  halted  trading  in the  stock  of  Rocky  Mountain
International  Ltd.  Based on  "questions  regarding  the accuracy of statements
concerning,  among  other  things,  the  ownership  and value of certain  assets
claimed by RMIL,  RMIL's  business  operations and the merger of RMIL with third
parties."  Trading  will  recommence  on January 6, 1998.  The  company  has and
continues  to work with the SEC to rectify  any issues  raised by the SEC and to
ensure that the trading recommences timely. ( release is attached as Exhibit A )

2.Ref. Letter of Intent between Palco, Inc. and Olympus Ventures, Inc.:

A Letter of Intent was executed on July 25, 1997 between the  companies  whereby
the Company was to buy Palco, a garment manufacturing business for $750,000. The
letter of intent expired on September  24,1997.  However,  there were continuing
discussions  from the date of the LOI until  12-22-97 to  complete an  agreement
satisfactory to both parties.

Negotiations were in the final stage of completion until the morning of December
22,  1997 the date that the  Miami  office of the SEC  halted  trading  of Rocky
Mountain  International  Limited for 10 days.  Pat Lanzillo,  President of Palco
terminated all negotiation the morning after the notification by the SEC.

It is the  company's  belief that it should be able to proceed  with the fitness
garment  manufacturing and marketing  without  purchasing Palco. ( a copy of the
letter of intent is inclosed as Exhibit B )

                                        2
3.Ref. Baron's International, Corp.:

Olympus Mills U.S.A. Inc. Filed a lawsuit against Nelson  International,  Corp.,
Baron's  International  S.A.,  Nelson Vidal,  Santos A. Alba and Jesus Verdura (
case # 97-21063 CA 25) on September  12, 1997,  for  rescission  of the contract
dated 11/2/95.  The lawsuit  stemmed from Baron's  failure to provide timely and
accurate  information  to Olympus Mills USA, Inc. and because of certain  untrue
statements made by Baron's management, the previous owners of the company, prior
to its sale to Olympus Mills.

In August of 1996 a new management took over  operations of the Company.  During
the next few months an investigation of Baron's  acquisition and current affairs
were  reviewed.  It  became  apparent  that  the  value  of  Baron's  was not as
represented by Baron's in the contract and the  management of Baron's  (previous
owners) was  unwilling  to divulge the current  status of the company as well as
not complying  with numerous  items  required in the contract.  Management had a
private appraisal  company appraise the assets of Baron's.  It was then apparent
that the  value  of  Baron's  was  considerably  less  than  represented  in the
contract.  At that time the  Company  made the  appropriate  adjustments  to the
Baron's value in the June 1996 10K to reflex the actual value.  By July 1997 the
Company had already  advanced Baron's in excess of $400,000 in an effort to keep
the company  viable.  In light of the  investigation,  the Company's  management
advised  Baron's  that it would no longer fund it.  Nelson  Vidal of Baron's was
approached with reference to the information found and was unwilling to make any
adjustments. Final closing of the agreement was due at the end of 1997, at which
time the Company would be obligated to give Baron's  previous  owners a combined
total of $1,500,000, in cash or shares.

On December 3 1997,  the  Company's  attorney,  Thomas  Abrams was informed by a
third party that they had purchased Baron's  International  S.A. two weeks prior
toDecember 3 1997. As of this date the Company has not been officially  informed
of such sale.

4.Ref. Olympus Mills, U.S.A. Inc.

The portion of the leased  facility of Olympus  Mills USA, Inc. at 749 West 17th
Street,  Hialeah,  Florida is currently  being  subleased to Ladies Wear for the
amount of  $5,000.00  per month and the  Company's  cutting  equipment  is being
leased for an additional $1,000.00 per month. This agreement was entered into
on June 24, 1996.

                                        3
Due to the lack of business in the  cutting  facility in Hialeah the  management
decision  to lease two  thirds of the  facility  which has  created a  $1,000.00
profit per month for the Company.  There is additional  office space and factory
area's  which can be used by Olympus or leased out to other  businesses.  It was
the  managements'  decision to consolidate  all of the corporate  offices to the
Fort  Lauderdale  office  which has created an  additional  savings of $3,000 to
$5,000 per month in the companies overhead. Starting as of January 1, 1998 1,000
sq. ft of office space is being leased for an additional $400.00 per month.

The Company is currently  negotiating with Finova Capital Corporation to satisfy
the $200,000  loan assumed by Olympus Mills USA,  Inc.  from Ekrhen,  Corp.  The
Company is attempting to determine if Finova will accept the knitting  equipment
located in Hialeah in full satisfaction for the debt.

5.Ref. Demsey Mork Civil Action

The Company filed a civil  lawsuit in the US district  court of Florida ( case #
97-7191) dated 9/29/97, against Demsey Mork, Hand & Hand, a law corporation, and
John Hand. The lawsuit  alleges that the defendants have attempted to defame the
company and its  management for the purpose of  manipulating  the market and the
price of the Company's  common  stock.  The suit also alleges a violation of the
Florida Unfair Trade Practices Act. The suit seeks unspecified monetary damages.

On  11/6/97  Dempsey  Mork  filed  a  civil  suit in the US  district  court  of
California ( case # DECV97-300) against the Company, its officers and directors,
and the former  officers and directors of Rocky Mountain  Crystal  Water,  among
other defendants,  alleging  violation of federal and state securities laws. The
Company, Rocky Mountain Crystal Water and their officers and directors, deny all
wrongdoing and intends to vigorously  defend the action. An answer or responsive
pleading has yet to be filed by the Company responding to the allegations in the
complaint.

6.Ref. Rocky Mountain Crystal Water, Inc.

An 8K dated  10/7/97 was filed  reference the merger of Rocky  Mountain  Crystal
Water, Inc., and Olympus Ventures,  Inc. In this agreement Rocky Mountain was to
transfer  4,000,000  shares  of  MVP  Holdings,   with  a  guaranteed  value  of
$14,000,000 at the end of the twelfth month of the merger. In this agreement the
Company held back 6,000,000  shares of the Company's  common stock as protection
against  the asset not  being  available  at the end of the  required  time.  An
amendment to the agreement has removed the 4,000,000 shares and the Company will
not issue the 6,000,000 shares of the Company's common stock.

                                        4
Per the  agreement  with  Rocky  Mountain  Crystal  Water,  Inc.  was to receive
$5,000,000 from an outside  investor  within 30 days of the signing.  Since that
date the Company  has given two 30 day  extensions.  The Company has  received a
copy of a letter from the investor dated January 1 1998, advising Rocky Mountain
Crystal Water,  Inc. that the funds were in processing at this time, the Company
has now given another 30-day extension due to the above mentioned letter.

Exhibit Index:

Page 6  Exhibit A
Page 7,8 and 9 Exhibit 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.

Dated: January 5,1998                       ROCKY MOUNTAIN INTERNATIONAL LIMITED

                                            By: /s/ Gary R. Morgan
                                               ---------------------------------
                                               Gary R. Morgan CEO

                                        5