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 3, 2003

AMERICAN ENTERTAINMENT AND ANIMATION CORPORATION
(Exact name of registrant as specified in its charter)

Delaware
0-29657
33-0727323
(State or other
jurisdiction of
incorporation
(Commission
File Number)
(I.R.S. Employer
Identification No.)

8500 Leslie Street, Suite 500
Thornhill, Ontario L3T 7M8
(Address of Principal Executive Offices) (Zip Code)

(905) 731-9775
(Registrant's telephone number, including area code)


Item 1.     Changes in Control
Not Applicable.
Item 2.     Acquisition or Disposition of Assets.
Not Applicable.
Note 3.    Bankruptcy or Receivership.
Not Applicable.
Note 4.    Changes in Registrant's Certifying Accountant.
(i)     By resolution adopted on October 31, 2003, the board of directors
of American Entertainment & Animation Corporation (the "Company") elected
to change independent Accountants. The independent accounting firm of
Moore Stephens, P.C. was notified on November 3, 2003 that the client
auditor relationship between the Company and Moore Stephens, P.C. was
terminated.  The Company terminated Moore Stephens, P.C. because its
application for approval by the Public Company Accounting Oversight Board
has not been approved, and therefore it is unable to sign the Company's
audit reports.

(ii)     The independent auditors report on the consolidated financial
statements for the year ended December 31, 2001 and the subsequent periods
preceding December 31, 2002 contained no adverse opinion, no disclaimer of
opinion, nor was it qualified or modified as to uncertainty, audit scope
or accounting principles, except that the report issued by Moore Stephens,
P.C. for the year ended December 31, 2001, and the interim periods ended
March 31, 2002, June 30, 2002 and September 30, 2002 respectively, raised
substantial doubt about the Company's ability to continue as a going
concern.

(iii)     The decision to change accountants was recommended by the
Company's board of directors.

(iv)     In connection with the audits of the Company's consolidated
financial statements for the year ended December 31 2001, and during any
subsequent interim periods preceding December 31, 2002, as well as the
period up to and including November 3, 2003, there have been no
disagreements with Moore Stephens, P.C. on any matters of accounting
principles or practices, financial statement disclosures, or auditing
scope or procedures, which if not resolved to the satisfaction of Moore
Stephens, P.C. would have caused Moore Stephens, P.C. to make reference to
the subject matter of the disagreements in connection with their reports.

(v)     Not applicable.

(vi)     Moore Stephens, P.C's letter addressed to the Securities and
Exchange Commission is attached hereto as Exhibit 16.

Engagement of new independent accounts.

(i)     On November 3, 2003, the Registrant's board of directors engaged
Moore Stephens Cooper Molyneux LLP, 701 Evans Avenue, 8th Floor, Toronto,
Ontario, M9C 1A3 as its new independent auditors (the "new" accounting
firm) to audit the Company's financial statements. The Company, during the
two most recent fiscal years and the subsequent interim periods prior to
the engagement of the new accounting firm, did not consult with the new
accounting firm with regard to any of the matters listed in Regulation S-K
items 304 (a) (2) (i) or (ii).

Note 5.    Other Events.
Not Applicable.
Note 6.    Resignations of Registrant's Directors.
Not Applicable.
Item 7.     Financial Statements, Pro Forma Financial Information and
Exhibits.
(a)        Financial Statements of Businesses Acquired:  To be filed by
amendment.
(b)        Pro Forma Financial Information:  To be filed by amendment.
(c)        Exhibits:
Exhibit No.
Description
16
Letter from Moore Stephens P.C. dated November 4, 2003.

Item 8.     Change in Fiscal Year.
Not Applicable.



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 duty authorized.


AMERICAN ENTERTAINMENT & ANIMATION
CORPORATION
Date:  November 7,2003
By: /s/ Marc Hazout

By: Marc Hazout, Chief Executive Officer