<?xml version="1.0"?>

<ownershipDocument>

    <documentType>3</documentType>

    <periodOfReport>2003-06-17</periodOfReport>


    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001167419</issuerCik>
        <issuerName>ASPENBIO INC</issuerName>
        <issuerTradingSymbol>cwpjuo5@</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001242816</rptOwnerCik>
            <rptOwnerName>LIEBER HOWARD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Prospective 10% Owner</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeSecurity>
        <securityTitle>
            <value>Prospective 10% Owner</value>
        </securityTitle>
        <conversionOrExercisePrice>
            <value>1.5</value>
        </conversionOrExercisePrice>
        <exerciseDate>
            <value>2003-06-27</value>
            <footnoteId id="F1"/>
        </exerciseDate>
        <expirationDate>
            <value>2006-06-01</value>
        </expirationDate>
        <underlyingSecurity>
            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>
            <underlyingSecurityShares>
                <value>1333333</value>
                <footnoteId id="F1"/>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </derivativeSecurity>

    <footnotes>
        <footnote id="F1">* The  Warrant,  which is subject to reduction  based upon the Issuer's  private
offering, and will not be exercisable until the offering is closed. In addition,
500,000  shares  of  Common  Stock  may  not  be  acquired  until  the  Issuer's
shareholders  have  approved an increase to the  Issuer's  authorized  shares of
Common Stock.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Howard Lieber</signatureName>
        <signatureDate>2003-06-27</signatureDate>
    </ownerSignature>

</ownershipDocument>

