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
1.   Name and Address of Reporting Person

WETTREICH         ZARA
(Last)             (First) (Middle)

17770 Preston Road
(Street)
Dallas            TX                         75252
City)       (State)                         (Zip)

2.   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)          _____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

2.   Transaction  Date (Month/Day/ Year)

3.   Transaction  Code  (Instr. 8)

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

5.   Amount of Securities  Beneficially Owned at End of  Month (Instr. 3 and 4)
        195,326
6.   Ownership  Form: Direct (D) or Indirect (I)  (Instr. 4)
                     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)

1.   Title of Derivative Security  (Instr. 3)
  Options

2.   Conversion or Exercise Price of Derivative Security

3.   Transaction Date (Month/ Day/ Year)

4.   Transaction Code  (Instr. 8)

5.   Number of Derivative Securities Acquired(A)or Disposed of(D)(Instr.3,4, and
  5)
6.   Date Exercisable and Expiration Date (Month/Day/Year)

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

8.   Price  of Derivative Security (Instr.5).

9.   Number of Derivative Securities Beneficially Owned at End of Month (Instr.
  4)

                            379,375

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

11.  Nature of Indirect Beneficial  Ownership  (Instr. 4)
             See note.
Explanation of Responses: The reporting person may be deemed to be part of a
group though there is no agreement to act as such.  The reporting person and her
children own Wettreich Financial Consultants, Inc. ("WFC") which owns 25,000
shares of the Issuer.  Along with her husband and children they own Alexander
Mark Capital Ltd. ("AMC") which owns all the outstanding shares of AM
Investments Ltd. ("AMI") which owns 57,633 shares of the Issuer and Alexander
Mark Securities, Ltd. ("AMS") which owns 2,7333 common shares of the Issuer.
Her husband is the Director of the Issuer, WFC, AMC, AMI, AMS, and Forme Capital
Inc. ("FORME") which owns 16,250 shares, Meteor Technology, plc ("MT") which
owns 80,960 common shares of the Issuer, and individually owns 11,250 shares and
options to purchase 300,000 shares.  Jeanette Fitzgerald, a Director of the
Issuer, MT, WFC, and FORME owns 1,500 shares and options to purchase 79,375
shares of the Issuer. 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.
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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
1.   Name and Address of Reporting Person

WETTREICH         ZARA
(Last)             (First) (Middle)

17770 Preston Road
(Street)
Dallas            TX                         75252
City)       (State)                         (Zip)

2.   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)          _____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

2.   Transaction  Date (Month/Day/ Year)

3.   Transaction  Code  (Instr. 8)

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

5.   Amount of Securities  Beneficially Owned at End of  Month (Instr. 3 and 4)
        195,326
6.   Ownership  Form: Direct (D) or Indirect (I)  (Instr. 4)
                     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)

1.   Title of Derivative Security  (Instr. 3)
  Options

2.   Conversion or Exercise Price of Derivative Security

3.   Transaction Date (Month/ Day/ Year)

4.   Transaction Code  (Instr. 8)

5.   Number of Derivative Securities Acquired(A)or Disposed of(D)(Instr.3,4, and
  5)
6.   Date Exercisable and Expiration Date (Month/Day/Year)

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

8.   Price  of Derivative Security (Instr.5).

9.   Number of Derivative Securities Beneficially Owned at End of Month (Instr.
  4)

                            379,375

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

11.  Nature of Indirect Beneficial  Ownership  (Instr. 4)
             See note.
Explanation of Responses: The reporting person may be deemed to be part of a
group though there is no agreement to act as such.  The reporting person and her
children own Wettreich Financial Consultants, Inc. ("WFC") which owns 25,000
shares of the Issuer.  Along with her husband and children they own Alexander
Mark Capital Ltd. ("AMC") which owns all the outstanding shares of AM
Investments Ltd. ("AMI") which owns 57,633 shares of the Issuer and Alexander
Mark Securities, Ltd. ("AMS") which owns 2,7333 common shares of the Issuer.
Her husband is the Director of the Issuer, WFC, AMC, AMI, AMS, and Forme Capital
Inc. ("FORME") which owns 16,250 shares, Meteor Technology, plc ("MT") which
owns 80,960 common shares of the Issuer, and individually owns 11,250 shares and
options to purchase 300,000 shares.  Jeanette Fitzgerald, a Director of the
Issuer, MT, WFC, and FORME owns 1,500 shares and options to purchase 79,375
shares of the Issuer. 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.