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

FITZGERALD             JEANETTE
 (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)
                                        
     ___x__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)
                   1,500   (D)
                  193,826  (I)


 6.  Ownership  Form: Direct (D) or Indirect (I)  (Instr. 4)
                 1,500   (D)
                 193,826  (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)
                               79,375     (D)
                            300,000 (I)

10.  Ownership Form of Derivative Security: Direct(D) or Indirect (I) (Instr. 4)
                              79,375     (D)
                            300,000 (I)


11.  Nature of Indirect Beneficial  Ownership  (Instr. 4)

             See note.
Explanation of Responses: The reporting person is a Director of the Issuer and
owns 1,500 shares and options to purchase 79,375 shares of the Issuer.  The
reporting person may be deemed to be part of a group though there is no
agreement to act as such.  The reporting person is a Director of Wettreich
Financial Consultants, Inc. ("WFC") which owns 25,000 shares of the Issuer and
Forme Capital, Inc. ("FORME") which owns 16,250 shares.  Another Director of the
Issuer, Daniel Wettreich, owns 16,250 shares and options to purchase 300,000
shares and is a Director of FORME, WFC, Alexander Mark Capital, Ltd. ("AMC"),
Alexander Mark Securities, Ltd. ("AMS") and AM Investments, Ltd. ("AMI").  All
the outstanding shares of AMC are owned by Mr. Wettreich, his wife and children
and AMC owns all the outstanding shares of AMI and AMS.  AMI owns 57,633 shares
of the Issuer. AMS owns 2,733 shares of the Issuer.  Meteor Technology, plc of
which the reporting person and Mr. Wettreich are directors, owns 80,960 shares
of the Issuer.  The reporting person disclaims any beneficial ownership in any
shares not owned directly by it. The Registrant had a 1-40 reverse stock split
adjusting the outstanding options and common shares 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

FITZGERALD             JEANETTE
 (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)
                                        
     ___x__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)
                   1,500   (D)
                  193,826  (I)

 6.  Ownership  Form: Direct (D) or Indirect (I)  (Instr. 4)
                 1,500   (D)
                 193,826  (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)
                               79,375     (D)
                            300,000 (I)

10.  Ownership Form of Derivative Security: Direct(D) or Indirect (I) (Instr. 4)
                              79,375     (D)
                            300,000 (I)

11.  Nature of Indirect Beneficial  Ownership  (Instr. 4)

             See note.
Explanation of Responses: The reporting person is a Director of the Issuer and
owns 1,500 shares and options to purchase 79,375 shares of the Issuer.  The
reporting person may be deemed to be part of a group though there is no
agreement to act as such.  The reporting person is a Director of Wettreich
Financial Consultants, Inc. ("WFC") which owns 25,000 shares of the Issuer and
Forme Capital, Inc. ("FORME") which owns 16,250 shares.  Another Director of the
Issuer, Daniel Wettreich, owns 16,250 shares and options to purchase 300,000
shares and is a Director of FORME, WFC, Alexander Mark Capital, Ltd. ("AMC"),
Alexander Mark Securities, Ltd. ("AMS") and AM Investments, Ltd. ("AMI").  All
the outstanding shares of AMC are owned by Mr. Wettreich, his wife and children
and AMC owns all the outstanding shares of AMI and AMS.  AMI owns 57,633 shares
of the Issuer. AMS owns 2,733 shares of the Issuer.  Meteor Technology, plc of
which the reporting person and Mr. Wettreich are directors, owns 80,960 shares
of the Issuer.  The reporting person disclaims any beneficial ownership in any
shares not owned directly by it. The Registrant had a 1-40 reverse stock split
adjusting the outstanding options and common shares effective July 15, 1997.