SECURITIES AND EXCHANGE COMMISSION
                     WASHINGTON, D.C.  20549

                           FORM 12b-25

                                   Commission File Number 0-24034

                   NOTIFICATION OF LATE FILING

                          (Check One):

[ X ]  Form 10-K    [ ]  Form 11-K [ ]  Form 20-F  [ ] Form 10-Q

For Period Ended:  December 31, 1997

Nothing in this Form shall be construed to imply that the
Commission has verified any information contained herein.

If the notification relates to a portion of the filing checked
above, identify the Item(s) to which the notification relates:

_________________________________________________________________
_________________________________________________________________
_________________________________________________________________

Part I- Registrant Information

Full Name of Registrant:   Skysat Communications Network Corp.   

Former Name if Applicable: ______________________________________

Address of Principal Executive Office (Street and Number):  405
Lexington Avenue, 33rd Floor

City, State and Zip Code: New York, New York  10174              




















Part II - Rule 12b-25(b)and (c)
                                                                 

If the subject report could not be filed without unreasonable
effort or expense and the registrant seeks relief pursuant to Rule
12b-25(b), the following should be completed. (Check box if
appropriate.)

[ X ]     (a)  The reasons described in reasonable detail in Part
               III of this form could not be eliminated without
               unreasonable effort or expense;

[   ]     (b)  The subject annual report or portion thereof will
               be filed on or before the 15th calendar day
               following the prescribed due date; or the subject
               quarterly report or portion thereof will be filed
               on or before the fifth calendar day following the
               prescribed due date; and

[   ]     (c)  The accountant's statement or other exhibit
               required by Rule 12b-25(c) has been attached if
               applicable.

Part III - Narrative

State below in reasonable detail the reasons why Form 10-K, 11-K,
20-F or 10-Q or portion thereof could not be filed within the
prescribed time period.

     The Company's Annual Report on Form 10-KSB for the fiscal year
     ended December 31, 1997 cannot be filed within the prescribed
     time period because the Company is experiencing delays in the
     collection and compilation of certain financial and other
     information required to be included in the Form 10-KSB.  The
     Company's Annual Report on Form 10-KSB will be filed as soon
     as practicable.

Part IV - Other Information

(1)  Name and telephone number of person to contact in regard to
     this notification:

          Wenona J. Waldo     (212)               972-0070       
          (Name)              (Area Code)    (Telephone Number)

(2)  Have all other periodic reports required under 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 report(s) been filed?  If
     the answer is no, identify report(s):

     [ X ]     Yes  [   ]     No

(3)  Is it anticipated that any significant change in results of
     operations from the corresponding period for the last fiscal
     year will be reflected by the earnings statements to be
     included in the subject report or portion thereof?

     [   ]     Yes  [ X ]     No

     If so:  attach an explanation of the anticipated change, both
     narratively and quantitatively, and, if appropriate, state the
     reasons why a reasonable estimate of the results cannot be
     made.

               SKYSAT COMMUNICATIONS NETWORK CORP.
          (Name of Registrant as specified in charter)

has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.

Date:  March 30, 1998              By:  /s/WENONA J. WALDO
                                        Wenona J. Waldo
                                        Controller