FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
                                        
 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section
                           17(a) of the Public Utility
  Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of
                                      1940
Name and Address of Reporting Person
AM Investments, Ltd.
 (Last)       (First)        (Middle)
Watson House, 54 Baker Street
(Street)
London        England                 W1M 1DJ
(City)       (State)                   (Zip)

Issuer Name and Ticker or Trading Symbol

CAMELOT CORPORATION  CAML
3.  IRS or Social Security
     Number of Reporting
     Person (Voluntary)

4.  Statement for
     Month/Year
      10/97

5.  If Amendment,
     Date of Original
     (Month/Year)

6.  Relationship of Reporting Person to Issuer  (Check all applicable)
                                        
    __Director                     _____10% owner
 _____Officer (give title below) _____Other(specify)

Could be deemed to be part of a group
________________________

Table 1 - New-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.  Title of Security  (Instr. 3)
Common Stock

Transaction  Date (Month/Day/ Year)

Transaction  Code  (Instr. 8)

4.  Securities Acquired (A)  or Disposed of (D)  (Instr. 3,4 and 5)

Amount of Securities  Beneficially Owned at End of  Month (Instr. 3 and 4)
              57,633 (D)
             137,693(I)


 6.  Ownership  Form: Direct (D) or Indirect (I)  (Instr. 4)
            57,633 (D)
137,693(I)



7.  Nature  of Indirect Beneficial Ownership(Instr.4)
                See note


  Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
         (e.g., puts, calls, warrants, options, convertible securities)


Title of Derivative Security  (Instr. 3)

 Options

Conversion or Exercise Price of Derivative Security


Transaction Date (Month/ Day/ Year)

Transaction Code  (Instr. 8)


Number of Derivative Securities Acquired (A) or Disposed of (D)  (Instr. 3,4,
and 5)


Date Exercisable and Expiration Date (Month/Day/Year)


Title and Amount of Underlying Securities (Instr. 3 and 4)
           Title                               Amount or Number of Shares
 Common Shares      379,375


Price  of Derivative Security (Instr.5).


Number of Derivative Securities Beneficially Owned at End  of  Month  (Instr. 4)
                                      379,375     (I)


10.  Ownership Form of Derivative Security: Direct  (D) or  Indirect (I) (Instr.
4)
                              379,375     (I)


Nature of Indirect Beneficial  Ownership  (Instr. 4)

             See note.


Explanation of Responses: The reporting person owns 57,633 common shares of the
Issuer.  The reporting person could be deemed to be part of a group though there
is no agreement to act as such.  A Director of the reporting person, Daniel
Wettreich, is a Director of Wettreich Financial Consultants, Inc. ("WFC") which
owns 25,000 shares of the Issuer, Forme Capital, Inc. ("FORME") which owns
16,250 shares, Meteor Technology, plc ("MT") which owns 80,960 common shares of
the Issuer, and of Alexander Mark Capital, Ltd. ("AMC") which owns all the
shares of the reporting person.  AMC is owned by Mr. Wettreich, his wife and
children.  AMC also owns Alexander Mark Securities, Ltd., which owns 2,733
shares of the Issuer.  Mr. Wettreich owns 11,250 shares of the Issuer and
options to purchase 300,000 shares of the Issuer.  Jeanette Fitzgerald is a
Director of the Issuer, MT, FORME, and WFC and owns 1,500 shares and options to
purchase 79,375 shares. The reporting person disclaims any beneficial ownership
in any shares not owned directly by it.  Registrant effected a 1 for 40 Reverse
Stock Split on all outstanding common shares and options effective July 15,
1997.
shares and options effective July 15, 1997.
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FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
                                        
 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section
                           17(a) of the Public Utility
  Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of
                                      1940
Name and Address of Reporting Person
AM Investments, Ltd.
 (Last)       (First)        (Middle)
Watson House, 54 Baker Street
(Street)
London        England                 W1M 1DJ
(City)       (State)                   (Zip)

Issuer Name and Ticker or Trading Symbol

CAMELOT CORPORATION  CAML
3.  IRS or Social Security
     Number of Reporting
     Person (Voluntary)

4.  Statement for
     Month/Year
      10/97

5.  If Amendment,
     Date of Original
     (Month/Year)

6.  Relationship of Reporting Person to Issuer  (Check all applicable)
                                        
    __Director                     _____10% owner
 _____Officer (give title below) _____Other(specify)

Could be deemed to be part of a group
________________________

Table 1 - New-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.  Title of Security  (Instr. 3)
Common Stock

Transaction  Date (Month/Day/ Year)

Transaction  Code  (Instr. 8)

4.  Securities Acquired (A)  or Disposed of (D)  (Instr. 3,4 and 5)

Amount of Securities  Beneficially Owned at End of  Month (Instr. 3 and 4)
              57,633 (D)
             137,693(I)

 6.  Ownership  Form: Direct (D) or Indirect (I)  (Instr. 4)
            57,633 (D)
137,693(I)

7.  Nature  of Indirect Beneficial Ownership(Instr.4)
                See note

  Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
         (e.g., puts, calls, warrants, options, convertible securities)

Title of Derivative Security  (Instr. 3)

 Options

Conversion or Exercise Price of Derivative Security

Transaction Date (Month/ Day/ Year)

Transaction Code  (Instr. 8)

Number of Derivative Securities Acquired (A) or Disposed of (D)  (Instr. 3,4,
and 5)

Date Exercisable and Expiration Date (Month/Day/Year)

Title and Amount of Underlying Securities (Instr. 3 and 4)
           Title                               Amount or Number of Shares
 Common Shares      379,375

Price  of Derivative Security (Instr.5).

Number of Derivative Securities Beneficially Owned at End  of  Month  (Instr. 4)
                                      379,375     (I)

10.  Ownership Form of Derivative Security: Direct  (D) or  Indirect (I) (Instr.
4)
                              379,375     (I)

Nature of Indirect Beneficial  Ownership  (Instr. 4)

             See note.

Explanation of Responses: The reporting person owns 57,633 common shares of the
Issuer.  The reporting person could be deemed to be part of a group though there
is no agreement to act as such.  A Director of the reporting person, Daniel
Wettreich, is a Director of Wettreich Financial Consultants, Inc. ("WFC") which
owns 25,000 shares of the Issuer, Forme Capital, Inc. ("FORME") which owns
16,250 shares, Meteor Technology, plc ("MT") which owns 80,960 common shares of
the Issuer, and of Alexander Mark Capital, Ltd. ("AMC") which owns all the
shares of the reporting person.  AMC is owned by Mr. Wettreich, his wife and
children.  AMC also owns Alexander Mark Securities, Ltd., which owns 2,733
shares of the Issuer.  Mr. Wettreich owns 11,250 shares of the Issuer and
options to purchase 300,000 shares of the Issuer.  Jeanette Fitzgerald is a
Director of the Issuer, MT, FORME, and WFC and owns 1,500 shares and options to
purchase 79,375 shares. The reporting person disclaims any beneficial ownership
in any shares not owned directly by it.  Registrant effected a 1 for 40 Reverse
Stock Split on all outstanding common shares and options effective July 15,
1997.
shares and options effective July 15, 1997.