-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WyeZ3gTCcknIGg81mJ3Suq1RQs0qzwaj5PvxYcwRArqQiRdaTnd48QT5By1cO7IT
 PKp1P6qOxGMI3D+Bgeep/A==

<SEC-DOCUMENT>0001437904-10-000097.txt : 20101027
<SEC-HEADER>0001437904-10-000097.hdr.sgml : 20101027
<ACCEPTANCE-DATETIME>20101026184743
ACCESSION NUMBER:		0001437904-10-000097
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20101027
DATE AS OF CHANGE:		20101026
EFFECTIVENESS DATE:		20101027

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BION ENVIRONMENTAL TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0000875729
		STANDARD INDUSTRIAL CLASSIFICATION:	AGRICULTURE CHEMICALS [2870]
		IRS NUMBER:				841176672
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-149216
		FILM NUMBER:		101143225

	BUSINESS ADDRESS:	
		STREET 1:		C/O BOX 566
		STREET 2:		1774 SUMMITVIEW WAY
		CITY:			CRESTONE
		STATE:			CO
		ZIP:			81131
		BUSINESS PHONE:		(212) 758-6622

	MAIL ADDRESS:	
		STREET 1:		C/O BOX 566
		STREET 2:		1774 SUMMITVIEW WAY
		CITY:			CRESTONE
		STATE:			CO
		ZIP:			81131

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RSTS CORP
		DATE OF NAME CHANGE:	19930328
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0000875729</cik>
        <entityName>BION ENVIRONMENTAL TECHNOLOGIES INC</entityName>
        <issuerAddress>
            <street1>C/O BOX 566</street1>
            <street2>1774 SUMMITVIEW WAY</street2>
            <city>CRESTONE</city>
            <stateOrCountry>CO</stateOrCountry>
            <stateOrCountryDescription>COLORADO</stateOrCountryDescription>
            <zipCode>81131</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(212) 758-6622</issuerPhoneNumber>
        <jurisdictionOfInc>COLORADO</jurisdictionOfInc>
        <edgarPreviousNameList>
            <previousName>RSTS CORP</previousName>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>MARK</firstName>
                <middleName>A.</middleName>
                <lastName>SMITH</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>BOX 566</street1>
                <street2>1774 SUMMITVIEW WAY</street2>
                <city>CRESTONE</city>
                <stateOrCountry>CO</stateOrCountry>
                <stateOrCountryDescription>COLORADO</stateOrCountryDescription>
                <zipCode>81131</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>PRESIDENT AND INTERIM CFO</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>JON</firstName>
                <lastName>NORTHROP</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>BOX 566</street1>
                <street2>1774 SUMMITVIEW WAY</street2>
                <city>CRESTONE</city>
                <stateOrCountry>CO</stateOrCountry>
                <stateOrCountryDescription>COLORADO</stateOrCountryDescription>
                <zipCode>81131</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>SECRETARY AND BENEFICIAL OWNER</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>GEORGE</firstName>
                <lastName>BLOOM</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>BOX 566</street1>
                <street2>1774 SUMMITVIEW WAY</street2>
                <city>CRESTONE</city>
                <stateOrCountry>CO</stateOrCountry>
                <stateOrCountryDescription>COLORADO</stateOrCountryDescription>
                <zipCode>81131</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>CHIEF OPERATING OFFICER OF BION TECHNOLOGIES</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>JEREMY</firstName>
                <lastName>ROWLAND</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>BOX 566</street1>
                <street2>1774 SUMMITVIEW WAY</street2>
                <city>CRESTONE</city>
                <stateOrCountry>CO</stateOrCountry>
                <stateOrCountryDescription>COLORADO</stateOrCountryDescription>
                <zipCode>81131</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>CHIEF OPERATING OFFICER OF SERVICES GROUP</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Environmental Services</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001437904-10-000088</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <yetToOccur>true</yetToOccur>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>Series C Preferred Stock</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>100</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>CAPITAL FINANCIAL SERVICES, INC.</recipientName>
                <recipientCRDNumber>8408</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1 NORTH MAIN STREET</street1>
                    <city>MINOT</city>
                    <stateOrCountry>ND</stateOrCountry>
                    <stateOrCountryDescription>NORTH DAKOTA</stateOrCountryDescription>
                    <zipCode>58703</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>3700000</totalOfferingAmount>
            <totalAmountSold>0</totalAmountSold>
            <totalRemaining>3700000</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>0</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>481000</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>Placement Agent commission of 8%; Placement Agent fee of 3%; and non-accountable expense allowance of 2%.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>BION ENVIRONMENTAL TECHNOLOGIES INC</issuerName>
                <signatureName>/s/ Mark A. Smith</signatureName>
                <nameOfSigner>Mark A. Smith</nameOfSigner>
                <signatureTitle>President</signatureTitle>
                <signatureDate>2010-10-26</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----