10-K/A

                                  FORM 10-K/A

                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

       [ X ]   Annual Report Pursuant to Section 13 or 15(d) of the
               Securities Exchange Act of 1934 (Fee Required)
                       
                    For the fiscal year ended September 30, 1996

                                            OR

       [  ]   Transition Report Pursuant to Section 13 or 15(d) of the
              Securities Exchange Act of 1934 (No Fee Required)

For the transition period from ______________ to _________________


                          Commission File Number 0-11533

                             GREEN GOLD CONSOLIDATED
                 _________________________________________________
               (Exact name of registrant as specified in its charter)

CALIFORNIA                                            33-0023916
(State or other jurisdiction                       (I.R.S. Employer
of incorporation or organization)                   Identification Number)

591 W. Los Angeles Avenue, Moorpark, CA 93021
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (805) 530-3858

Securities registered pursuant to Section 12(b) of the Act:  None

Securities registered pursuant to Section 12(g) of the Act:

                        Units of Limited Partnership Interest
                                   (Title of Class)

    Indicate by check mark whether the registrant (1) has filed all reports 
required to be filed by Section 13 or 15(d)of the Securities Exchange Act of 
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to 
such filing requirements for the past 90 days.  Yes [ X ]    No [  ]

    Indicate by check mark if disclosure of delinquent filers pursuant to 
Item 405 of Regulation S-K is not contained herein, and will not be 
contained, to the best of registrant's knowledge, in definitive proxy or 
information statements incorporated by reference in Part III of this Form 
10-K or any amendment to this Form 10-K.  [ X ]

    State the aggregate market value of the voting stock held by non-
affiliates of the registrant.  Not applicable.

                     DOCUMENTS INCORPORATED BY REFERENCE
                                     None.


                                 SIGNATURES


       Pursuant to the requirements of Section 13 or 15(d) of the Securities 
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.


Date:  December 15, 1996  GREEN GOLD CONSOLIDATED

                          By: ECONOMIC CONSULTANTS,
                              General Partner


                          By:              
                              Daniel Lee Stephenson,
                              General Partner


                          By:              
                              Tom A. Leevers,
                              General Partner


       Pursuant to the requirements of the Securities Exchange Act of 1934, 
this report has been signed below by the following persons on behalf of the 
registrant and in the capacities and on the dates indicated:

SIGNATURE                CAPACITY                 DATE


DANIEL LEE STEPHENSON    Principal executive   Dec. 15, 1996           
                         officer, principal
                         financial officer,
                         principal accounting
                         officer and General
                         Partner of Economic
                         Consultants


TOM A. LEEVERS           General Partner of     Dec. 15, 1996
                         Economic Consultants

EX-27

 

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