Form: NT 10-K

Notice under Rule 12b25 of inability to timely file all or part of a Form 10-K, 10-KSB, or 10-KT

June 29, 1999

NT 10-K: Notice under Rule 12b25 of inability to timely file all or part of a Form 10-K, 10-KSB, or 10-KT

Published on June 29, 1999



FORM 12b-25


/X/ Form 10-K / / Form 20-F / / Form 11-K / / Form 10-Q
/ /Form N-SAR

For the Period Ended March 31, 1999.

/ / Transition Report on Form 10-K
/ / Transition Report on Form 20-F
/ / Transition Report on Form 11-K
/ / Transition Report on Form 10-Q
/ / Transition Report on Form N-SAR

For the Transition Period Ended

Nothing in this form shall be construed to imply that the Commission
has verified any information contained herein.

If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:


Full Name of Registrant: BISHOP EQUITIES, INC.

Address of Principal 7825 Fay Avenue, Suite 200
Executive Office: LaJolla, California 92037

PART II -- RULES 12b-25(b) and (c)

If the subject report could not be filed without unreasonable effort or
expense and the Registrant seeks relief pursuant to Rule 12b-25(b)
[Section 23,047], the following should be completed.
(Check box if appropriate)

/X/ (a) The reasons described in reasonable detail in Part III of
this form could not be eliminated without reasonable effort or expense;

/X/ (b) (i) The subject annual report, semi-annual report,
transition report on Form 10-K, Form 10-KSB, or portion thereof will be
filed on or before the fifteenth calendar day following the prescribed due
date; or

/ / (ii) The subject quarterly report or transition report on
Form 10-Q, or portion thereof will be filed on or before the fifth calendar
day following the prescribed due date.

/ / (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.


The Company is in the process of completing consolidated financial
statements to be filed to reflect a reorganization consummated in March 1999
along with the financials for the year ended March 31, 1999, and management
believes that these financial statements will be completed after June 29,
1999, but on or before July 6, 1999.


(1) Name and address of person to contact in regard to this

Bruce H. Haglund, Esq.
2 Park Plaza, Suite 450
Irvine, California 92614
Telephone: (949) 752-1100

(2) Have all other periodic reports required under Section 13 or
15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940 during the preceding 12 months or for such shorter period
that the Registrant was required to file such report(s) been filed? If the
answer is no, identify report(s).
/X/ Yes / / No

(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or
portion thereof?
/ / Yes /X/ No

If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.

BISHOP EQUITIES, INC. has caused this notification to be signed on
its behalf by the undersigned hereunto duly authorized.

Date 6/29/99 By /s/ James A. Joyce
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James A. Joyce, Chairman, Secretary and Director