  In this paper we consider the iterated G-equivariant Hilbert scheme
G/N-Hilb(N-Hilb) and prove that G/N-Hilb(N-Hilb(C^3)) is a crepant resolution
of C^3/G isomorphic to the moduli space of \theta-stable representations of the
McKay quiver for certain stability condition \theta. We provide several
explicit examples to illustrate this construction. We also consider the problem
of when G/N-Hilb(N-Hilb) is isomorphic to G-Hilb showing the fact that these
spaces are most of the times different.
