FORM 5 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Form 3 Holdings Reported Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * Shehee Virgina K 2. Issuer Name and Ticker or Trading Symbol INTERNATIONAL STAR INC [ILST] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 1818 MARSHALL STREET 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year) 12/31/2006 (Street) SHREVEPORT, LA 71161 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Reporting (check applicable line) _X_ Form Filed by One Reporting Person ___ Form Filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Amount (A) or (D) Price Common Stock, $0.001 par value 08/03/2006   X4 1,000,000 A $ 0.01 57,954,409 (1) D   Common Stock, $0.001 par value 08/03/2006   X4 2,200,000 A $ 0.01 57,954,409 (1) I See Footnote (1) Common Stock, $0.001 par value 10/30/2006   J4(2) 18,591,682 A $ 0.015 57,954,409 (1) I See Footnote (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

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SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Warrant

$ 0.15

Â

Â

Â

Â

Â

03/03/2005

12/03/2006

Common Stock

810,000

Â

0

D

Â

Warrant

$ 0.15

Â

Â

Â

Â

Â

03/03/2005

12/03/2006

Common Stock

1,620,000

Â

0

I

See Footnote (3)

Warrant

$ 0.01

08/03/2006

Â

X4

Â

1,000,000

08/05/2005

08/05/2006

Common Stock

1,000,000

$ 0

0

D

Â

Warrant

$ 0.01

08/03/2006

Â

X4

Â

2,200,000

08/05/2005

08/05/2006

Common Stock

2,200,000

$ 0

0

I

See Footnote (3)

Warrant

$ 0.01

Â

Â

Â

Â

Â

08/05/2005

08/05/2006

Common Stock

2,000,000

Â

0

I

See Footnote (3)

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Shehee Virgina K 1818 MARSHALL STREET SHREVEPORT, LA 71161	  X	  X	Â	Â

Signatures

/s/ Virginia Shehee		02/09/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The shares include 33,760,000 shares owned by Kilpatrick Life Insurance Company, of which Ms. Shehee is a controlling person.
(2)	The shares were obtained through conversion of debt owed to Kilpatrick Life Insurance Company by International Star, Inc.
(3)	The warrants were held by Kilpatrick Life Insurance Company.

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