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
Meteor Technology plc
 (Last)              (First)           (Middle)
Elthorne Gate, 64 High Street
(Street)
Pinner         Middelsex      HA5 5QA
(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
      5/98

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

6.  Relationship of Reporting Person to Issuer  (Check all
applicable)
                              
           __Director         _____10% Owner
     _____Officer (give       _____Other (specify
                              title                   below)
                               below)
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)
                80,960 (D)
               73,116 (I)


 6.  Ownership  Form: Direct (D) or Indirect (I)  (Instr. 4)
             80,960 (D)
               73,116 (I)


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

<PAGE>


 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     (I)


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


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

             See note.

Explanation of Responses: The reporting person owns 80,960
common shares of the Issuer.  A director of the reporting
person, Mr. Wettreich, is a director of Alexander Mark
Capital, Ltd. ("AMC") which owns AM Investments, Ltd. which
owns 57,633 common shares of the Issuer and Alexander Mark
Securities, Ltd. which owns 2,733 common shares of the
Issuer.  Mr. Wettreich individually owns 11,250 shares of
the Issuer and options to purchase 300,000 common shares of
the Issuer.  Mr. Wettreich and his wife and children own all
the outstanding shares of AMC.  Jeanette Fitzgerald is a
director of  the reporting person and individually owns
1,500 common shares and options to purchase 79,375 shares of
the Issuer.  The reporting person disclaims any beneficial
ownership in any shares not directly owned by it.
Registrant effected a 1 for 40 Reverse Stock Split on all
outstanding


BY:  /S/ METEOR TECHNOLOGY PLC
     METEOR TECHNOLOGY PLC
[{"type": "4", "sequence": "1", "secsgml_size_bytes": 3842}]
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
Meteor Technology plc
 (Last)              (First)           (Middle)
Elthorne Gate, 64 High Street
(Street)
Pinner         Middelsex      HA5 5QA
(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
      5/98

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

6.  Relationship of Reporting Person to Issuer  (Check all
applicable)
                              
           __Director         _____10% Owner
     _____Officer (give       _____Other (specify
                              title                   below)
                               below)
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)
                80,960 (D)
               73,116 (I)

 6.  Ownership  Form: Direct (D) or Indirect (I)  (Instr. 4)
             80,960 (D)
               73,116 (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     (I)

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

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

             See note.

Explanation of Responses: The reporting person owns 80,960
common shares of the Issuer.  A director of the reporting
person, Mr. Wettreich, is a director of Alexander Mark
Capital, Ltd. ("AMC") which owns AM Investments, Ltd. which
owns 57,633 common shares of the Issuer and Alexander Mark
Securities, Ltd. which owns 2,733 common shares of the
Issuer.  Mr. Wettreich individually owns 11,250 shares of
the Issuer and options to purchase 300,000 common shares of
the Issuer.  Mr. Wettreich and his wife and children own all
the outstanding shares of AMC.  Jeanette Fitzgerald is a
director of  the reporting person and individually owns
1,500 common shares and options to purchase 79,375 shares of
the Issuer.  The reporting person disclaims any beneficial
ownership in any shares not directly owned by it.
Registrant effected a 1 for 40 Reverse Stock Split on all
outstanding

BY:  /S/ METEOR TECHNOLOGY PLC
     METEOR TECHNOLOGY PLC