8-K

                                    FORM 8-K

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the

                         Securities Exchange Act of 1934

                 Date of Report: August 9, 2000 (August 3, 2000)

                        (Date of earliest event reported)


                               GORAN CAPITAL INC.
             (Exact name of registrant as specified in its charter)


Canada                        000-24366                      Not Applicable
(State or other             (Commission                       (IRS Employer
jurisdiction of             File Number)                    Identification No.)
incorporation)


                               4720 Kingsway Drive

                           Indianapolis, Indiana 46205

                    (Address of principal executive offices)


Registrant's telephone number, including area code: 318-259-6300 (USA)


Former name or former address, if changed since last report:  N/A






Item 4.  Changes in Registrant's Certifying Accountant

On August 3, 2000, Schwartz Levitsky Feldman,  LLP ("Schwartz")  resigned as the
independent accountants for Goran Capital Inc. (the "Registrant").

On August 4, 2000 the Registrant engaged the accounting firm of BDO Seidman, LLP
("BDO") as its independent  accountants.  The decision to engage BDO was made by
the Registrant's Board of Directors and approved by its Audit Committee.

During the two most recent fiscal years and the subsequent  interim period prior
to August 4, 2000, there have been no disagreements  with Schwartz on any matter
of accounting  principles  or  practices,  financial  statement  disclosure,  or
auditing scope or procedure, or any reportable events.

Schwartz's  report on the  consolidated  financial  statements  for the past two
years  contained  no  adverse  opinion  or  disclaimer  of  opinion  and was not
qualified or modified as to uncertainty, audit scope, or accounting principles.

None of the  following  events has  occurred  within the  Registrant's  two most
recent fiscal years or the subsequent  interim period  preceding the resignation
of Schwartz.

         (A)      Schwartz has not advised the Registrant that the internal
                  controls  necessary for the Registrant to develop reliable
                  financial statements do not exist;

         (B)      Schwartz has not advised the Registrant  that  information had
                  come to the accountant's attention that led it to no longer be
                  able to rely on management's representations,  or that made it
                  unwilling  to be  associated  with  the  financial  statements
                  prepared by management;

         (C)      (1) Schwartz  has not advised the  Registrant  of the need to
                  expand  significantly  the scope of its audit,  or that
                  information has come to the  accountants'  attention that if
                  further  investigated  could  (i) materially  impact the
                  fairness or reliability of either a previously  issued audit
                  report or the underlying  financial  statements,  or the
                  financial  statements  issued or to be issued  covering the
                  fiscal periods  subsequent to the date of the most recent
                  financial  statements  covered by an audit report  (including
                  information  that could  prevent it from  rendering an
                  unqualified  report  on those  financial  statements),  or
                  (ii) cause  it to be  unwilling  to rely on  management's
                  representations  or be  associated  with the  Registrant's
                  financial  statements,  and  (2) due to the  accountant's
                  dismissal,  or for any other reason,  the accountant did not
                  so expand the scope of its audit or conduct such further
                  investigation; or






         (D)      (1) Schwartz has not advised the Registrant  that  information
                  has  come to the  accountant's  attention  that  it  concluded
                  materially impacts the fairness or reliability of either (i) a
                  previously  issued  audit report or the  underlying  financial
                  statements,  or (ii) the financial  statements issued or to be
                  issued  covering the fiscal periods  subsequent to the date of
                  the most recent  financial  statements  issued or to be issued
                  covered by an audit report (including information that, unless
                  resolved to the  accountant's  satisfaction,  would prevent it
                  from rendering an unqualified  audit report on those financial
                  statements), and (2) due to the accountant's dismissal, or for
                  any  other  reason,  the issue  has not been  resolved  to the
                  accountant's satisfaction prior to its dismissal.

During the two most recent fiscal years, and the subsequent interim period prior
to engaging BDO, neither the Registrant, nor anyone on its behalf, consulted BDO
regarding (i) either the  application  of  accounting  principles to a specified
transaction,  either  completed or proposed,  or the type of audit  opinion that
might be rendered  on the  Registrant's  financial  statements,  where  either a
written report was provided to the Registrant or oral advice was provided,  that
BDO concluded was an important factor considered by the Registrant in reaching a
decision as to the accounting,  auditing,  or financial reporting issue; or (ii)
any  matter  that was  either  the  subject  of a  disagreement  (as  defined in
paragraph  304(a)(1)(iv)  of Regulation S-K and the related  instructions)  or a
reportable event (as described in paragraph 304(a)(1)(v) of Regulation S-K).

The Registrant has requested that Schwartz furnish it with a letter addressed to
the  SEC  stating  whether  it  agrees  with  the  above  statements.  A copy of
Schwartz's  letter to the SEC dated  August 3, 2000 is attached as an exhibit to
this report.

Item 7.  Financial Statements and Exhibits

                  Financial Statements

                           None

                  Exhibits

Exhibit No.       Description

         16       Letter re Change in Certifying Accountant






                                    SIGNATURE

                  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 thereunto duly authorized.

                                                     GORAN CAPITAL INC.

Dated: August 9, 2000

                                By: /s/ Alan G. Symons, Chief Executive Officer







                                  EXHIBIT INDEX

EXHIBIT NUMBER             DESCRIPTION OF EXHIBIT

         16                         Letter re Change in Certifying Accountant

EX-16

                         [SCHWARTZ LEVITSKY FELDMAN LLP]


                                            August 3, 2000



Securities and Exchange Commission
Washington, DC  20549

Ladies and Gentlemen:

We were previously principal  accountants for Goran Capital Inc. (the "Company")
and under the date of March 14,  2000,  except for Note 23, which is as of March
23, 2000, we reported on the consolidated  financial  statements of the Company,
as of December 31, 1999 and 1998,  and for the years ended December 31, 1999 and
1998.  On August 3,  2000,  we  resigned  as the  principal  accountants  of the
Company.

We have read the  Company's  statements  included  under  Item 4 of its Form 8-K
dated August 4, 2000, and we agree with such statements,  except that we are not
in a  position  to agree or  disagree  with the  Company's  statements  that the
appointment  of BDO  Seidman,  LLP  ("BDO") was made by the  Company's  Board of
Directors and approved by its Audit Committee; and neither management nor anyone
on its  behalf  consulted  with BDO  regarding  the  application  of  accounting
principles to a specific transaction, either completed or proposed , or the type
of audit opinion that might be rendered on the Company's  financial  statements,
and neither a written  report nor oral advice was provided to the Company,  that
BDO  concluded was an important  factor  considered by the Company in reaching a
decision as to the accounting,  auditing or financial reporting issue during the
Company's two most recent fiscal years and the subsequent  interim period prior,
to engaging BDO.

Very truly yours,

SCHWARTZ LEVITSKY FELDMAN LLP



Per:  Katherine Evans, C.A.
        Partner

KE/av