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) November 15,
1995


                 FISCHER-WATT GOLD COMPANY, INC.
        (Exact name of registrant as specified in charter)


           NEVADA               0-17386            88-0227654
(State or other jurisdiction  (Commission      (I.R.S. Employer
      of incorporation)       file number)    Identification No.)

   1410 Cherrywood Drive    Coeur d'Alene, Idaho      83814
(Address of principal executive offices)           (Zip Code)

Registrant's telephone number, including area code  208-664-6757



Item 5.   Other Events

Pursuant to Rule 135c(d), notice was given by the registrant that
it has made an offering of securities not registered or required
to be registered under the Securities Act of 1933 in the form of
a news release, dated November 15, 1995, a copy of which is filed
with this report.
 
(c)  Exhibits
Item     601 Code                  Exhibit

1         99         News release dated November 15, 1995
                     



                            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.

                                 Fischer-Watt Gold Company, Inc.


Dated November 16, 1995          /s/  George Beattie, President

EX-99

              FISCHER-WATT GOLD COMPANY, INC.
      1410 Cherrywood Drive   Coeur d'Alene, ID  83814
             208-664-6757    Fax 208-667-6516


Fischer-Watt Completes Private Placement

Fischer-Watt Gold (Symbol:  FWGO-OTC) is pleased to announce the
completion of a private placement which has raised approximately
$820,000 to finance the expansion and operation of Fischer-Watt's
recently acquired Oronorte gold mine in Colombia.

The securities sold in the private placement were units, priced
at $.30 per unit, each consisting of two shares of common stock
at an exercise price of $.30 through August 31, 1997.  These
securities were not registered under the Securities Act of 1933
and may not be offered or sold in the United States absent
registration or an applicable exemption from registration
requirements.

For a complete package on Fischer-Watt Gold, please contact Kelly
Boatright, Shareholder Relations, 1-800-587-9572 or 1-704-587-9572.