UNITED STATES
                     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): August 27, 2007

                      Commission File number 814-00721

       AMERICAN DEVELOPMENT & INVESTMENT FUND, INC.
          (Exact Name of Registrant as Specified in Its Charter)

              NEVADA                                        84-1517721
(State or Other Jurisdiction of                         (I.R.S. Employer
Incorporation or Organization)                        Identification No.)

     P.O. Box 307, Cocoa, FL                                  32923-0307
(Address of Principal Executive Offices)                     (Zip Code)

                             (321)-433-1136
        (Registrants Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (See General Instruction A.2 below):

[  ]	Written communications pursuant to Rule 425 under the Securities Act
      (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
      (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))















SECTION  4  Matters Related to Accountants and Financial Statements

Item 4.01   Changes in Registrant?s Certifying Accountant.

  On March 20, 2006, Comiskey & Company, P.C., the Company?s auditors, advised
the Company that it would decline to stand for reappointment as independent
auditors for the Company after completion of the audit of the Company for the
fiscal year ended December 31, 2005 due to the Company?s planned election to be
treated as a Business Development Company under the Investment Company Act of
1940, because it felt it lacked experience with a BDC and the audit
requirements for a BDC. Comiskey & Co had only been retained as of December 22,
2005 as the Company?s independent auditors. The letter dated March 17, 2006
from the former certifying accountants, the reasons for the termination of the
relationship, and the Company?s response, were all included in the Company?s
Form 10-K for the calendar year ended December 31, 2005, filed with the SEC on
March 22, 2006, in reliance on Rule 12b-2 issued by the SEC under the
Securities Exchange Act of 1934.  However, by letter dated July 30, 2007, to
which the Company responded on August 13, 2007 the SEC advised the Company that
it was the SEC Staff position that changes in auditors must be reported on Item
4.01 of Form 8-K, notwithstanding disclosure of the same information in another
filing.

Therefore, as required by Item 4.01 of Form 8-K and Item 304 of Regulation S-K,
the Company provides the following information:

	1.	Comiskey & Company, P.C. has declined to stand for re-appointment
as independent auditor for the Company after completion of the audit for the
fiscal year ended December 31, 2005.

      2.	Comiskey & Company, P.C.s report on the financial statements for
the past two fiscal years did not contain an adverse opinion or disclaimer of
opinion, and was not qualified or modified as to uncertainty, audit scope, or
accounting principles.

      3.	The decision to change accountants was not recommended or approved
by any audit or similar committee of the Board of Directors, or by the Board of
Directors itself.

	4.	There was no disagreement with Comiskey & Company, P.C. regarding
any matter of accounting principals or practices, financial statement
disclosures, or auditing scope or procedure.

	5.	None of the kinds of events described in Item 304(a)(1)(v) of
Regulation S-K occurred within the two most recent fiscal years.

The Company provided Comiskey & Company, P.C. with a copy of the above
disclosures prior to the filing of the Form 10-K for the calendar year ended
December 31, 2005 and prior to the filing of this report with the SEC and
requested Comiskey & Company, P.C. to furnish the Company with a letter
addressed to the Commission stating whether it agrees with the statements made
in response to Item 304(a) and, if not, stating the respects in which it does
not agree.  A copy of the letter from Comiskey & Company, P.C. dated March 17,
2006, in response to this request is attached as Exhibit 9.1 to the Form 10-K
filed on March 22, 2006, and is attached again to this report as Exhibit 4.

On May 9, 2006, the Registrant engaged Berman, Hopkins, Wright & LaHam,
CPAs and Associates, LLP, of Winter Park and Viera, Florida, as its certifying
accountants.  Berman, Hopkins, Wright & LaHam is a registered accounting firm
with the Public Company Accounting Oversight Board.  This change was
reported by the Company on its Form 10-Q for the quarter ended March 31, 2006,
filed with the SEC on May 15, 2006.  Berman, Hopkins, Wright & LaHam, CPAs and
Associates, LLP then was re-appointed as the Company?s independent auditors by
the Board of Directors for the fiscal year ended December 31, 2006, which was
approved by the shareholders of the Company at the Annual; Meeting of
Shareholders held on July 31, 2006, pursuant to a Form 14 proxy statement filed
with the SEC on July 21, 2006.

Prior to its appointment as the independent auditors for the Company, the
Company had not consulted Berman, Hopkins, Wright & LaHam regarding:

1. The application of accounting principles to a specific completed or
     contemplated transaction, or the type of audit opinion that might be
     rendered on the Registrant?s financial statements, and no written or
     oral advice was provided that was an important factor considered by
     the Registrant in reaching a decision as to any accounting, auditing
     or financial reporting issue; or
2.   Any matter that was the subject of a disagreement or event identified
     in response to Item 4.01(a)(1) of Form 8-K was disclosed in Registrant?s
     Form 10-K filed on March 22, 2006.


SECTION  9.    FINANCIAL  STATEMENTS  AND  EXHIBITS.

     (a)     Financial  Statements.
             ----------------------

     None.

     (b)     Exhibits.

     None

This report on Form 8-K may contain forward-looking statements that
involve risks and uncertainties, as well as assumptions that, if they never
materialize or prove incorrect, could cause the results of the Company to
differ materially from those expressed or implied by such forward-looking
statements. All statements other than statements of historical fact are
statements that could be deemed forward-looking statements, including any
projections of revenue, expenses, earnings or losses from operations or
investments, or other financial items; any statements of the plans,
strategies and objectives of management for future operations; any
statements of expectation or belief; and any statements of assumptions
underlying any of the foregoing. The risks, uncertainties and assumptions
referred to above include risks that are described from time to time in our
Securities and Exchange Commission, or the SEC, reports filed before this
report.

We use words such as anticipates, believes, expects, future, intends and
similar expressions to identify forward-looking statements. Our actual
results could differ materially from those projected in the forward-looking
statements for any reason. We caution you that forward-looking statements of
this type are subject to uncertainties and risks, many of which cannot be
predicted or quantified.

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  duly  authorized officer.

Date: August 27, 2007


                            AMERICAN DEVELOPMENT & INVESTMENT FUND, INC.



                            By /s/ Robert Hipple
                              --------------------------------
                                Robert Hipple
                                President
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UNITED STATES
                     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): August 27, 2007

                      Commission File number 814-00721

       AMERICAN DEVELOPMENT & INVESTMENT FUND, INC.
          (Exact Name of Registrant as Specified in Its Charter)

              NEVADA                                        84-1517721
(State or Other Jurisdiction of                         (I.R.S. Employer
Incorporation or Organization)                        Identification No.)

     P.O. Box 307, Cocoa, FL                                  32923-0307
(Address of Principal Executive Offices)                     (Zip Code)

                             (321)-433-1136
        (Registrants Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (See General Instruction A.2 below):

[  ]	Written communications pursuant to Rule 425 under the Securities Act
      (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
      (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))

SECTION  4  Matters Related to Accountants and Financial Statements

Item 4.01   Changes in Registrant?s Certifying Accountant.

  On March 20, 2006, Comiskey & Company, P.C., the Company?s auditors, advised
the Company that it would decline to stand for reappointment as independent
auditors for the Company after completion of the audit of the Company for the
fiscal year ended December 31, 2005 due to the Company?s planned election to be
treated as a Business Development Company under the Investment Company Act of
1940, because it felt it lacked experience with a BDC and the audit
requirements for a BDC. Comiskey & Co had only been retained as of December 22,
2005 as the Company?s independent auditors. The letter dated March 17, 2006
from the former certifying accountants, the reasons for the termination of the
relationship, and the Company?s response, were all included in the Company?s
Form 10-K for the calendar year ended December 31, 2005, filed with the SEC on
March 22, 2006, in reliance on Rule 12b-2 issued by the SEC under the
Securities Exchange Act of 1934.  However, by letter dated July 30, 2007, to
which the Company responded on August 13, 2007 the SEC advised the Company that
it was the SEC Staff position that changes in auditors must be reported on Item
4.01 of Form 8-K, notwithstanding disclosure of the same information in another
filing.

Therefore, as required by Item 4.01 of Form 8-K and Item 304 of Regulation S-K,
the Company provides the following information:

	1.	Comiskey & Company, P.C. has declined to stand for re-appointment
as independent auditor for the Company after completion of the audit for the
fiscal year ended December 31, 2005.

      2.	Comiskey & Company, P.C.s report on the financial statements for
the past two fiscal years did not contain an adverse opinion or disclaimer of
opinion, and was not qualified or modified as to uncertainty, audit scope, or
accounting principles.

      3.	The decision to change accountants was not recommended or approved
by any audit or similar committee of the Board of Directors, or by the Board of
Directors itself.

	4.	There was no disagreement with Comiskey & Company, P.C. regarding
any matter of accounting principals or practices, financial statement
disclosures, or auditing scope or procedure.

	5.	None of the kinds of events described in Item 304(a)(1)(v) of
Regulation S-K occurred within the two most recent fiscal years.

The Company provided Comiskey & Company, P.C. with a copy of the above
disclosures prior to the filing of the Form 10-K for the calendar year ended
December 31, 2005 and prior to the filing of this report with the SEC and
requested Comiskey & Company, P.C. to furnish the Company with a letter
addressed to the Commission stating whether it agrees with the statements made
in response to Item 304(a) and, if not, stating the respects in which it does
not agree.  A copy of the letter from Comiskey & Company, P.C. dated March 17,
2006, in response to this request is attached as Exhibit 9.1 to the Form 10-K
filed on March 22, 2006, and is attached again to this report as Exhibit 4.

On May 9, 2006, the Registrant engaged Berman, Hopkins, Wright & LaHam,
CPAs and Associates, LLP, of Winter Park and Viera, Florida, as its certifying
accountants.  Berman, Hopkins, Wright & LaHam is a registered accounting firm
with the Public Company Accounting Oversight Board.  This change was
reported by the Company on its Form 10-Q for the quarter ended March 31, 2006,
filed with the SEC on May 15, 2006.  Berman, Hopkins, Wright & LaHam, CPAs and
Associates, LLP then was re-appointed as the Company?s independent auditors by
the Board of Directors for the fiscal year ended December 31, 2006, which was
approved by the shareholders of the Company at the Annual; Meeting of
Shareholders held on July 31, 2006, pursuant to a Form 14 proxy statement filed
with the SEC on July 21, 2006.

Prior to its appointment as the independent auditors for the Company, the
Company had not consulted Berman, Hopkins, Wright & LaHam regarding:

1. The application of accounting principles to a specific completed or
     contemplated transaction, or the type of audit opinion that might be
     rendered on the Registrant?s financial statements, and no written or
     oral advice was provided that was an important factor considered by
     the Registrant in reaching a decision as to any accounting, auditing
     or financial reporting issue; or
2.   Any matter that was the subject of a disagreement or event identified
     in response to Item 4.01(a)(1) of Form 8-K was disclosed in Registrant?s
     Form 10-K filed on March 22, 2006.

SECTION  9.    FINANCIAL  STATEMENTS  AND  EXHIBITS.

     (a)     Financial  Statements.
             ----------------------

     None.

     (b)     Exhibits.

     None

This report on Form 8-K may contain forward-looking statements that
involve risks and uncertainties, as well as assumptions that, if they never
materialize or prove incorrect, could cause the results of the Company to
differ materially from those expressed or implied by such forward-looking
statements. All statements other than statements of historical fact are
statements that could be deemed forward-looking statements, including any
projections of revenue, expenses, earnings or losses from operations or
investments, or other financial items; any statements of the plans,
strategies and objectives of management for future operations; any
statements of expectation or belief; and any statements of assumptions
underlying any of the foregoing. The risks, uncertainties and assumptions
referred to above include risks that are described from time to time in our
Securities and Exchange Commission, or the SEC, reports filed before this
report.

We use words such as anticipates, believes, expects, future, intends and
similar expressions to identify forward-looking statements. Our actual
results could differ materially from those projected in the forward-looking
statements for any reason. We caution you that forward-looking statements of
this type are subject to uncertainties and risks, many of which cannot be
predicted or quantified.

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  duly  authorized officer.

Date: August 27, 2007

                            AMERICAN DEVELOPMENT & INVESTMENT FUND, INC.

                            By /s/ Robert Hipple
                              --------------------------------
                                Robert Hipple
                                President