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) February 16, 1998



                    American Consolidated Growth Corporation
             (Exact name of registrant as specified in its charter)

                         Commission File Number 0-16447


        Delaware                                        52-1508578
        --------                                        ----------
(State of incorporation)                    (I.R.S. Employer Identification No.)


                  621 17th Street, Suite 1730, Denver, CO 80202
                  ---------------------------------------------
              (Address of principle executive offices and zip code)


                                 (303) 297-8686
                                 --------------
              (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.
                    See Item 5 below

Item 2.        Acquisition or Disposition of Assets.
                    Not Applicable

Item 3.        Bankruptcy or Receivership.
                    Not Applicable

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

Item 5.        Other Events.
                    On  February  11,  1998,  the  Company  received  notice  of
                    termination,  effective  March 15, 1998,  of a 1996 services
                    contract with a major client of the  Company's  wholly owned
                    subsidiary,  Eleventh  Hour,  Inc. The  contract  represents
                    approximately  50% of the  annual  sales of  Eleventh  Hour,
                    Inc.'s  temporary  employee  services.  For the fiscal  year
                    ended June 30, 1997,  Eleventh Hour, Inc. produced unaudited
                    revenues of $10,207,667.

                    Management  estimates  the loss of the client  contract will
                    have a material  adverse  effect on the future  business and
                    profitability of the Company, and of Eleventh Hour, Inc. The
                    loss of the business was attributed to increased competition
                    and  the  transfer  of the  contract  to a  larger  national
                    staffing  services provider having business offices in areas
                    of the United States outside of Eleventh Hour Inc.'s present
                    markets.




<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  16th  day of
February, 1998.

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

Dated: February 16, 1998
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 3656}]
{"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": "98541392"}, "business-address": {"street1": "621 17TH STREET", "street2": "SUITE 1730", "city": "DENVER", "state": "CO", "zip": "80202", "phone": "3032978686"}, "mail-address": {"street1": "621 17TH STREET SUITE 1730", "city": "DENVER", "state": "CO", "zip": "80202"}, "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) February 16, 1998

                    American Consolidated Growth Corporation
             (Exact name of registrant as specified in its charter)

                         Commission File Number 0-16447

        Delaware                                        52-1508578
        --------                                        ----------
(State of incorporation)                    (I.R.S. Employer Identification No.)

                  621 17th Street, Suite 1730, Denver, CO 80202
                  ---------------------------------------------
              (Address of principle executive offices and zip code)

                                 (303) 297-8686
                                 --------------
              (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.
                    See Item 5 below

Item 2.        Acquisition or Disposition of Assets.
                    Not Applicable

Item 3.        Bankruptcy or Receivership.
                    Not Applicable

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

Item 5.        Other Events.
                    On  February  11,  1998,  the  Company  received  notice  of
                    termination,  effective  March 15, 1998,  of a 1996 services
                    contract with a major client of the  Company's  wholly owned
                    subsidiary,  Eleventh  Hour,  Inc. The  contract  represents
                    approximately  50% of the  annual  sales of  Eleventh  Hour,
                    Inc.'s  temporary  employee  services.  For the fiscal  year
                    ended June 30, 1997,  Eleventh Hour, Inc. produced unaudited
                    revenues of $10,207,667.

                    Management  estimates  the loss of the client  contract will
                    have a material  adverse  effect on the future  business and
                    profitability of the Company, and of Eleventh Hour, Inc. The
                    loss of the business was attributed to increased competition
                    and  the  transfer  of the  contract  to a  larger  national
                    staffing  services provider having business offices in areas
                    of the United States outside of Eleventh Hour Inc.'s present
                    markets.
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  16th  day of
February, 1998.

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

Dated: February 16, 1998