SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.2)*
International Assets Holding Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
459028106
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(CUSIP Number)
12/31/98
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schecule
is filed:
__X_Rule 13d-1(b)
____Rule 13d-1(c)
____Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
CUSIP No.459028106
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1 NAMES OF REPORTING PERSONS
I.R.S. Identification Nos. of above persons (entities only)
Diego J. Veitia
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ______
N/A
(b) ______
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION __U.S.A___________
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NUMBER OF 5 SOLE VOTING POWER
SHARES 550,951
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH N/A
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 497,729
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8 SHARED DISPOSITIVE POWER
53,222
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
550,951
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
35.7%
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12 TYPE OF REPORTING PERSON*
IN
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Item 1. (a) Name of Issuer:
International Assets Holding Corporation
(b) Address of Issuer's Principal Executive Offices:
250 Park Avenue South, Suite 200
Winter Park, FL 32789
Item 2. (a) Name of Person Filing:
Diego J. Veitia
(b) Address of Principal Business Office:
250 Park Avenue South, Suite 200
Winter Park, FL 32789
(c) Citizenship:
U.S.A.
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
459028106
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
N/A
(a) [ ] Broker or Dealer registered under Section 15 of the
Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19) of
the Act
(d) [ ] Investment Company registered under section 8 of the
Investment Company Act
(e) [ ] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see Section
240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with Section
240.13d-1(b)(1)(ii)(G)
(h) ( ) Group, in accordance with Section 240.13d-
1(b)(1)(ii)(H)
(i) ( ) A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(j) ( ) A church that is excluded from the definition of an
investment company under Section 3 (c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
Item 4. Ownership.
If the percent of the class owned, as of December 31 of the year
covered by the statement, or as of the last day of any month
described in Rule 13d-1(b)(2), if applicable, exceeds five
percent, provide the following information as of that date and
identify those shares which there is a right to acquire.
(a) Amount Beneficially Owned:
As of December 31, 1998 Diego J. Veitia was the beneficial owner
of 550,951 shares of International Assets Holding Corporation,
consisting of 428,859 shares held in the name of The Diego J.
Veitia Family Trust DTD 12/13/91 of which Mr. Veitia is the
settlor, a trustee and primary beneficiary; 53,222 shares
allocated to Mr. Veitia from the International Assets Advisory
Corporation Employee Stock Ownership Plan and Trust (the "ESOP")
in which he is fully vested; 2,870 shares which is owned in
an IRA; 66,000 shares from an option granted by the International
Assets Holding Corporation Stock Option Plan which are currently
exercisable. The aggregate of 66,000 shares subject to issuance
from the Stock Option Plan upon the exercise of his options are
also deemed outstanding for purposes of computing the percentage
owned by Mr. Veitia.
(b) Percent of Class:
These shares represented 35.7 of the outstanding shares of the
common stock.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
550,951
(ii) shared power to vote or to direct the vote
N/A
(iii)sole power to dispose or to direct the the disposition of
497,729
(iv) shared power to dispose or to direct the disposition of
53,222
Item 5. Ownership of Five Percent or Less of a Class.
N/A
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [ ]
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
The Diego J. Veitia Family Trust has the right to receive income
provided by dividends paid to the Trust or proceeds from the sale
of the 428,859 shares held in its name.
Item 7. Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on By the Parent Holding Company.
N/A
Item 8. Identification and Classification of Members of the Group.
N/A
Item 9. Notice of Dissolution of Group.
N/A
Item 10. Certification.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having such
purpose or effect.
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
______02/12/99______________
Date
/s/ Diego J. Veitia
____________________________
Signature
Diego J. Veitia
____________________________
Name/Title