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): June 9, 2005


                          AMERICAN PALLET LEASING, INC.
             (Exact name of registrant as specified in its charter)

        Delaware                   000-29519                     33-0889194
(State of incorporation)     (Commission File No.)              (IRS Employer
                                                             Identification No.)


           425 SECOND STREET, S.E. SUITE 600, CEDAR RAPIDS, IOWA 52401
          (Address, including Zip Code, of Principal Executive Offices)


       Registrant's telephone number, including area code: (864) 936-7000

                                 NOT APPLICABLE
          (Former Name or Former Address, If Changed Since Last Report)

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:

[ ] 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))

<PAGE>

ITEM 7.01 REGULATION FD DISCLOSURE.

         American Pallet Leasing, Inc. (the "Company") is furnishing in this
Form 8-K to provide shareholders with current information regarding the
operations of a material subsidiary.

ITEM 8.01 OTHER EVENTS

         On June 9, 2005, the Company reported that a temporary shutdown of its
wholly owned subsidiary G&G/Cherokee Wood, Inc. (the "Subsidiary") will
accelerate a planned overhaul of the same unit, originally scheduled for later
this year.

         The Company has been in the process of raising capital to increase
capacity at the Subsidiary and to effect further acquisitions. The Company
elected to temporarily shut down the Subsidiary's operations in order to
conserve cash and convert production from pine to more profitable hardwood. The
Company has arranged for approximately $100,000 in operating capital to resume
operations within two weeks time while it continues to negotiate with
institutional investors as part of a larger found of financing.

         After reviewing the carrying costs of the Subsidiary's operations
against the need to make the aforementioned conversion, the Company decided to
temporarily shut down the Subsidiary for the conversion.

         The Subsidiary's shutdown will temporarily reduce the Company's
operating costs, but will also result in reduced revenue for the quarter, which
will end on June 30, 2005, and for its fiscal year ended June 30, 2005.

         Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995. Statements made in this Form 8-K and other documents the Company
files with the SEC that relate to future events or the Company's expectations,
projections, estimates, intentions, goals, targets and strategies, both with
respect to the Company and its Subsidiary and with respect to proposed
acquisitions, are made pursuant to the Private Securities Litigation Reform Act
of 1995. You are cautioned that all forward-looking statements are based upon
current expectations and estimates and the Company assumes no obligation to
update this information. Because actual results may differ materially from those
expressed or implied by the forward-looking statements, the Company cautions you
not to place undue reliance on these statements. Many factors could cause actual
results to differ, and will affect the Company's future financial condition,
cash flow and operating results. These factors include the availability of cash
and the ability of the Company to raise additional capital, risks and
uncertainties relating to proposed acquisitions, the risks that the businesses
will not be integrated successfully, the risk that the benefits of the
acquisitions will not be fully realized or will take longer to realize than
expected, disruption from the proposed acquisitions making it more difficult to
maintain relationships with customers, employees, suppliers or other third
parties, conditions in the financial markets relevant to the proposed
acquisition, interest rates, availability of supplies, risk management, and
commodity risk transactions, seasonality, market liquidity, the competitive
environment in the pallet-related industries, the performance of its Subsidiary
and any future operating subsidiaries, the ability of the Company to secure new
sales, the risks associated with completion of the construction of the wood and
steel pallet production facility in Rock Valley, Iowa. For a detailed discussion
of the important factors that affect the Company and that could cause actual
results to differ from those expressed or implied by the Company's
forward-looking statements, please see Management's Discussion and Analysis of
Financial Condition and Results of Operations in the Company's current and
future Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q and the
Company's current and future Current Reports on Form 8-K, filed with the SEC.

                                   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.

Date: June 9, 2005                                 AMERICAN PALLET LEASING, INC.


                                                   By: /s/ Timothy Bumgarner
                                                       ------------------------
                                                   Name:  Timothy Bumgarner
                                                   Title: President & CEO
{"company-data": {"conformed-name": "American Pallet Leasing, Inc.", "cik": "0001106641", "assigned-sic": "2421", "irs-number": "330889194", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-29519", "film-number": "05888058"}, "business-address": {"street1": "425 SECOND STREET, SE, #600", "city": "CEDAR RAPIDS", "state": "IA", "zip": "52401", "phone": "864-936-7000"}, "mail-address": {"street1": "425 SECOND STREET, SE, #600", "city": "CEDAR RAPIDS", "state": "IA", "zip": "52401"}, "former-company": [{"former-conformed-name": "LITERARY PLAYPEN INC", "date-changed": "20020214"}, {"former-conformed-name": "CLUSONE ACQUISITION CORP", "date-changed": "20000214"}]}
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): June 9, 2005

                          AMERICAN PALLET LEASING, INC.
             (Exact name of registrant as specified in its charter)

        Delaware                   000-29519                     33-0889194
(State of incorporation)     (Commission File No.)              (IRS Employer
                                                             Identification No.)

           425 SECOND STREET, S.E. SUITE 600, CEDAR RAPIDS, IOWA 52401
          (Address, including Zip Code, of Principal Executive Offices)

       Registrant's telephone number, including area code: (864) 936-7000

                                 NOT APPLICABLE
          (Former Name or Former Address, If Changed Since Last Report)

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:

[ ] 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))
ITEM 7.01 REGULATION FD DISCLOSURE.

         American Pallet Leasing, Inc. (the "Company") is furnishing in this
Form 8-K to provide shareholders with current information regarding the
operations of a material subsidiary.

ITEM 8.01 OTHER EVENTS

         On June 9, 2005, the Company reported that a temporary shutdown of its
wholly owned subsidiary G&G/Cherokee Wood, Inc. (the "Subsidiary") will
accelerate a planned overhaul of the same unit, originally scheduled for later
this year.

         The Company has been in the process of raising capital to increase
capacity at the Subsidiary and to effect further acquisitions. The Company
elected to temporarily shut down the Subsidiary's operations in order to
conserve cash and convert production from pine to more profitable hardwood. The
Company has arranged for approximately $100,000 in operating capital to resume
operations within two weeks time while it continues to negotiate with
institutional investors as part of a larger found of financing.

         After reviewing the carrying costs of the Subsidiary's operations
against the need to make the aforementioned conversion, the Company decided to
temporarily shut down the Subsidiary for the conversion.

         The Subsidiary's shutdown will temporarily reduce the Company's
operating costs, but will also result in reduced revenue for the quarter, which
will end on June 30, 2005, and for its fiscal year ended June 30, 2005.

         Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995. Statements made in this Form 8-K and other documents the Company
files with the SEC that relate to future events or the Company's expectations,
projections, estimates, intentions, goals, targets and strategies, both with
respect to the Company and its Subsidiary and with respect to proposed
acquisitions, are made pursuant to the Private Securities Litigation Reform Act
of 1995. You are cautioned that all forward-looking statements are based upon
current expectations and estimates and the Company assumes no obligation to
update this information. Because actual results may differ materially from those
expressed or implied by the forward-looking statements, the Company cautions you
not to place undue reliance on these statements. Many factors could cause actual
results to differ, and will affect the Company's future financial condition,
cash flow and operating results. These factors include the availability of cash
and the ability of the Company to raise additional capital, risks and
uncertainties relating to proposed acquisitions, the risks that the businesses
will not be integrated successfully, the risk that the benefits of the
acquisitions will not be fully realized or will take longer to realize than
expected, disruption from the proposed acquisitions making it more difficult to
maintain relationships with customers, employees, suppliers or other third
parties, conditions in the financial markets relevant to the proposed
acquisition, interest rates, availability of supplies, risk management, and
commodity risk transactions, seasonality, market liquidity, the competitive
environment in the pallet-related industries, the performance of its Subsidiary
and any future operating subsidiaries, the ability of the Company to secure new
sales, the risks associated with completion of the construction of the wood and
steel pallet production facility in Rock Valley, Iowa. For a detailed discussion
of the important factors that affect the Company and that could cause actual
results to differ from those expressed or implied by the Company's
forward-looking statements, please see Management's Discussion and Analysis of
Financial Condition and Results of Operations in the Company's current and
future Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q and the
Company's current and future Current Reports on Form 8-K, filed with the SEC.

                                   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.

Date: June 9, 2005                                 AMERICAN PALLET LEASING, INC.

                                                   By: /s/ Timothy Bumgarner
                                                       ------------------------
                                                   Name:  Timothy Bumgarner
                                                   Title: President & CEO