8-K

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): April 13, 2005

NATIONAL LAMPOON, INC.

(Exact name of registrant as specified in Charter)

Delaware	0-15284	95-4053296
(State or other jurisdiction of incorporation or organization)	(Commission File No.)	(IRS Employee Identification No.)

10850 Wilshire Boulevard, Suite 1000

Los Angeles, California 90024

(Address of Principal Executive Offices)

310-474-5252

(Issuer Telephone number)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2 below).

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13(e)-4(c))

Item 5.02Departure of Directors or Principal Officers; Appointment of Principal Officers

On April 18, 2005 Mr. Douglas Bennett, the Registrant’s President, assumed the position of Chief Financial Officer of the Registrant. Mr. James Toll, the Registrant’s former Chief Financial Officer, will separate from his full time service with the Registrant on May 17, 2005. Thereafter, he will remain on call to perform specific duties for the Registrant for an additional sixty-day period, until June 16, 2005. He will continue to receive his full compensation through June 16, 2005.

On April 18, 2005, Ms. Lorraine Evanoff joined the Registrant as its Vice President of Finance and Chief Accounting Officer.

Between February 2004 and April 2005, Ms. Evanoff was Controller of TAG Entertainment Corp (TAGE.OB) and was instrumental in consummating the merger with Powermarketing, Inc. (PMKT.OB) as well as the pending acquisition of Myriad films. Prior to working at TAG Entertainment, Ms. Evanoff was Controller of ANTs software inc. (ANTS.OB) a developer of high-performance SQL database management systems until February 2004. From 1999 to 2002, Ms. Evanoff also held senior treasury analyst and financial analyst posts with Electronic Arts Inc. (ERTS) and Landor Associates, Inc. (Young & Rubicam).

There are no family relationships between Ms. Evanoff or any other of the Registrant’s directors or officers. Ms. Evanoff is not a member of the Board of Directors of any reporting company. Ms. Evanoff has not been a party to, or benefited directly or indirectly from, any transaction with the Registrant.

On April 13, 2005 the Board of Directors approved employment terms for Ms. Evanoff. Ms. Evanoff’s employment will be at will. Her salary will be $110,000 per year. Upon assuming her responsibilities, she will be receive an option to purchase 50,000 shares of the Registrant’s common stock pursuant to the terms of the J2 Communications 1999 Amended and Restated Stock Option, Deferred Stock and Restricted Stock Plan. These options will vest in equal increments over 36 months. The option exercise price is $4.25.

Item 9.01Financial Statements and Exhibits.

Exhibit 99Press release

SIGNATURES

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

Dated: April 19, 2005
	NATIONAL LAMPOON, INC.
	By:	/s/ Douglas S. Bennett
		Douglas S. Bennett, President

EX-99

9100 Wilshire Blvd, Sixth Floor, West Tower, Beverly Hills, CA 90212

( 310-550-7776 (phone) 2310-550-1701 (facsimile)

FOR IMMEDIATE RELEASE	Media Contacts: George Cabico / Allison McGuire Young
	(310) 248-6177 / (310) 248-6120
	gcabico@bwr-la.com / amcguire@bwr-la.com

NATIONAL LAMPOON, INC. RESETS FINANCIAL MANAGEMENT

Douglas S. Bennett Expands Role as President, Adds Chief Financial Officer Responsibilities;

Lorraine Evanoff Named Vice President, Finance & Chief Accounting Officer

Los Angeles (April 18, 2005) - National Lampoon Inc. (OTCBB: NLPN), the most widely recognized brand in comedy, today announced the expanded role of its President Douglas S. Bennett with the assumption of additional duties as Chief Financial Officer. Concurrent with Bennett’s added CFO role, National Lampoon also announced the appointment of Lorraine Evanoff as Vice President, Finance and Chief Accounting Officer. Together, Mr. Bennett and Ms. Evanoff will oversee administration of all accounting and financial reporting and manage the company’s investment portfolio, strategic acquisitions, capital and profitability on behalf of National Lampoon.

The new appointments are timed to coincide with the planned departure of current CFO Jim Toll, who will be pursuing opportunities outside the company.

Ms. Evanoff comes to National Lampoon from TAG Entertainment Corporation where she served as Controller and was instrumental in the merger with Powermarketing, Inc. and the pending acquisition of Myriad Films. Previously, she served as Controller of ANTs Software, Inc., a developer of high-performance SQL database management systems whose clients include Wireless Service Corporation (WSC), Grupo S&C and Fortlmax. Ms. Evanoff has also served analyst posts with Electronic Arts Inc. and Landor Associates, Inc. (Young & Rubicam).

“Lorraine was a perfect fit for the growing needs of National Lampoon,” stated Mr. Bennett. “She had an instrumental role in ongoing acquisitions at TAG and we are confident she will utilize her skill set in this pivotal period for current and planned business development strategies with the National Lampoon brand.”

About National Lampoon

National Lampoon, Inc. is active in a broad array of entertainment segments, including feature films, television programming, interactive entertainment, home video, audio CDs and book publishing. The Company also owns interests in all major National Lampoon properties, including National Lampoon’s Animal House, the National Lampoon Vacation series and National Lampoon’s van Wilder. The National Lampoon Network serves over 600 colleges and universities throughout the United States. The network reaches as many as 4.8 million students, or nearly one in four of all 18 to 24 year old college students. In addition, the Company operates a humor website, www.nationallampoon.com, on the Internet. The Company has four operating divisions: National Lampoon Network, Entertainment Division, Publishing Division and Licensing Division.

Forward-Looking Statements

This press release contains forward-looking statements, which are based on the Company’s current expectations, forecasts and assumptions. In some cases forward-looking statements may be identified by forward-looking words like “would,” “intend,” “hope,” “will,” “may,” “should,” “expect,” “anticipate,” “believe,” “estimate,” “predict,” “continue,” or similar words. Forward-looking statements involve risks and uncertainties which could cause actual outcomes and results to differ materially from the Company’s expectations, forecasts and assumptions. These risks and uncertainties include risks and uncertainties not in the control of the Company, including, without limitation, the current economic climate in the United States and other risks and uncertainties, including those enumerated and described in the Company’s filings with the Securities and Exchange Commission, whose filings are available on the SEC’s website at Sec.gov. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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