UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G


                    Under the Securities Exchange Act of 1934


                                  AMENDMENT NO.


                              Abbott Mines Limited
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                                (Name of Issuer)


                        Common Stock, par value $0.00001
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                         (Title of Class of Securities)


                                   002840 10 6
                               ------------------
                                 (CUSIP Number)


                                  May 24, 2002
                                 --------------
             (Date of Event Which Requires Filing of this Statement



                             CUSIP No.: 002840 10 6
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1.       NAME OF REPORTING PERSON

         Karl Douglas
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2.       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                       (a)  [ ]
                                                                       (b)  [ ]
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3.       SEC USE ONLY

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4.       CITIZENSHIP OR PLACE OF ORGANIZATION

         United States
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                                    5.      SOLE VOTING POWER
NUMBER OF
                                            1,491,873
SHARES                              --------------------------------------------
                                    6.      SHARED VOTING POWER
BENEFICIALLY
                                            -0-
OWNED BY                            --------------------------------------------
                                    7.      SOLE DISPOSITIVE POWER
EACH
                                            1,491,873
REPORTING                           --------------------------------------------
                                    8.      SHARED DISPOSITIVE POWER
PERSON
                                            -0-
WITH
--------------------------------------------------------------------------------
9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         1,491,873
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10.      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

         Not applicable.
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11.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

         12.55%
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12.      TYPE OF REPORTING PERSON

         IN
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Item 1.

(A)      Abbott Mines Limited
(B)      535 West 34th Street, 5th Floor
         New York, New York  10001

Item 2.

(A)      Karl Douglas
(B)      535 West 34th Street, 5th Floor
         New York, New York  10001
(C)      U.S.A.
(D)      Common Stock, par value $.00001
(E)      002840 10 6

Item 3.

         Not applicable.

Item 4.  Ownership.

         (A)     Amount Beneficially owned: 1,491,873
         (B)     Percent of Class: 12.55
         (C)     Number of shares as to which undersigned has:

                      (1)     Sole power to vote or direct the vote:  1,491,873
                      (2)     Shared power to vote or direct the vote:  -0-
                      (3)     Sole power to dispose or to direct the
                              disposition:  1,491,873
                      (4)     Shared power to dispose or to direct the
                              disposition:  -0-

Item 5.  Ownership of Five Percent or Less of a Class.

         Not applicable.

Item 6.  Ownership of More than Five Percent on Behalf of Another Person.

         Not applicable.

Item 7.  Identification and Classification of the Subsidiary Which Acquired the
         Security Being Reported on By the Parent Holding Company.

         Not applicable.

Item 8.  Identification and Classification of Members of the Group.

         Not applicable.

Item 9.  Notice of Dissolution of Group.

         Not applicable.

Item 10.  Certification.

         Not applicable.



                                    SIGNATURE

         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.


June 5, 2002
------------
Date


                                            /S/ Karl Douglas
                                            ----------------------------------
                                            Karl Douglas



Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (See 18 U.S.C. Section l001).