SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT
                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

        Date of Report: (Date of earliest event reported): June 30, 2002




                                 S.W. LAM, INC.
              ----------------------------------------------------
             (Exact name of Registrant as specified in its charter)


                                     0-22049
                             ----------------------
                            (Commission file number)


                 Nevada                                        62-1563911
 ----------------------------------------------   ------------------------------
 (State or other jurisdiction of incorporation)  (I.R.S. Employer Identification
                                                     Number)


             Unit 25-32, 2nd Floor, Block B, Focal Industrial Centre
                      21 Man Lok Street, Hunghom, Hong Kong
             -------------------------------------------------------
               (Address of principal executive offices) (Zip code)


                                 (852) 2766 3688
               ---------------------------------------------------
              (Registrant's telephone number, including area code)

                 ----------------------------------------------
          (Former name or former address, if changed since last report)





Item 4.  Changes in Registrant's Certifying Accountant


     (a) On June 26, 2002,  Arthur  Andersen & Co. ("AA") advised S.W. Lam, Inc.
(the   "Company")    that,   in   connection    with   its   combination    with
PricewaterhouseCoopers, it was resigning as the Company's independent accountant
effective June 30, 2002.

     AA's audit report on the  financial  statements  of the Company as of March
31, 2001 and for the two years ended March 31, 2001 contained no adverse opinion
or disclaimer  of opinion and was not  qualified or modified as to  uncertainty,
audit scope, or accounting principles.

     During  the  Company's  two most  recent  fiscal  years and any  subsequent
interim period preceding the resignation of AA, there were no disagreements with
AA on any matter of  accounting  principles or  practices,  financial  statement
disclosure,  or  auditing  scope  or  procedure,  which  disagreement(s)  if not
resolved to the  satisfaction  of AA, would have caused AA to make  reference to
the subject matter of the disagreement(s) in connection with its report.

     During  the  Company's  two most  recent  fiscal  years and any  subsequent
interim  period  preceding the  resignation of AA, there have been no reportable
events of the type required to be disclosed by Item  304(a)(1)(v)  of Regulation
S-K.

     (b) On July 1, 2002, the Company engaged  PricewaterhouseCoopers ("PWC") as
its new independent accountants. Prior to the engagement of PWC, the Company did
not consult with such firm regarding the application of accounting principles to
a specific completed or contemplated transaction,  or any matter that was either
the subject of a disagreement  or a reportable  event.  The Company also did not
consult with PWC  regarding the type of audit opinion which might be rendered on
the Company's financial statements and no oral or written report was provided by
PWC.

                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                         S.W. LAM, INC.


July 5, 2002                        By:   /s/ Lam Sai Wing
                                       ---------------------------------------
                                         Lam Sai Wing
                                         President and Chief Executive Officer