SECURITIES AND EXCHANGE COMMISSION

                               WASHINGTON DC 20549

                                    FORM 8-K



                Current Report Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934



                         Date of Report: August 1, 1999
                        (Date of earliest event reported)


                      Bion Environmental Technologies, Inc.
              (Exact Name of Registrant as Specified in its Charter




   Colorado                 0-19333               84-1176672
  (State of               (Commission          (I.R.S. Employer
Incorporation)             File No.)          Identification No.)





               555 17th Street, Suite 3310, Denver, Colorado 80202
              (Address and Zip Code of Principal Executive Offices)






Registrant's telephone number including area code: (303) 294-0750










ITEM 5.    OTHER EVENTS.

1.  During  the  period  from  August  1,  1999  through   September  30,  1999,
    LoTayLingKyur,   Inc.   ("LTLK"),   a  shareholder  of  Bion   Environmental
    Technologies,  Inc. ("Bion"), advanced $239,072.19 of principal to Bion with
    accrued interest of $35,065.61,  which sum has been added to the convertible
    promissory  note set forth at Exhibit 10.1 to the  Company's  Form 8-K dated
    May 21, 1999.

2.  Bion recently hired Frank  Franciosi as its Eastern  Division  Manager.  Mr.
    Franciosi is currently  responsible  for all activities  related to BionSoil
    sales and is  currently  managing  our North  Carolina  office and  specific
    projects.  Mr Fanciosi has 20 years of  Horticulture  experience and 6 years
    experience in the animal,  agricultural,  and  industrial  waste  conversion
    industries.

3.  During  the  period  from  August 1, 1999 to  October  12,  1999,  Bion made
    agreements  with the  following  corporate  relations  companies  to provide
    shareholder and public relations information on the internet: Internet Stock
    Market Resources,  Inc.; OHN/Wall Street Interview, Inc.; Corporate Imaging;
    and Kostech Corporation.






ITEM 7.    FINANCIAL STATEMENTS AND EXHIBITS.


                                   SIGNATURES

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


                               BION ENVIRONMENTAL TECHNOLOGIES,INC.

Date: October 13, 1999              By:  /s/ Jon Northrop
                                        ------------------------
                                          Jon Northrop, Chief
                                          Executive Officer