U. S. SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   FORM 10-QSB

     ( X ) REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
           ACT OF 1934

                  For the quarterly period ended March 31, 2002

                       Commission file number: 33-55254-46

                      AMERICAN SPORTS HISTORY INCORPORATED
       (Exact name of small business issuer as specified in its charter)

                Nevada                                       87-0485307
(State or other jurisdiction of                          (I.R.S. Employer
 incorporation or organization)                           Identification Number)

                 21 Third Avenue, Bay Shore, New York 11706-8752
                    (Address of principal executive offices)

                                 (631) 206-2674
                 Issuer's telephone number, including area code

                 21 Maple Avenue, Bay Shore, New York 11706-8752

                     (Former name, former address and former
                   fiscal year, if changed since last report)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15 (d) of the  Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days.

                Yes ( X )                  No (   )

As of June 11, 2002, the issuer had 14,333,272 shares of its common stock issued
and outstanding or to be issued.

Transitional Small Business Disclosure Format:  Yes (  ) No (X)





<PAGE>


              AMERICAN SPORTS HISTORY INCORPORATED AND SUBSIDIARIES

                          FORM 10-QSB - MARCH 31, 2002


                                      INDEX


PART I - FINANCIAL INFORMATION

   ITEM 1 - FINANCIAL STATEMENTS

   CONDENSED CONSOLIDATED BALANCE SHEETS
     March 31, 2002 and December 31, 2001                                      1

   CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
     For the three months ended March 31, 2002 and 2001                        2

   CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
     For the three months ended March 31, 2002 and 2001                        3

   NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS                    4 - 6

   ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF
            OPERATION                                                      7 - 8

PART II - OTHER INFORMATION

   ITEM 1 - LEGAL PROCEEDINGS                                                  9

   ITEM 6 - EXHIBITS AND REPORTS ON FORM 8-K                                   9

SIGNATURES                                                                    10





<PAGE>


PART I - FINANCIAL INFORMATION

ITEM 1 - FINANCIAL STATEMENTS

      AMERICAN SPORTS HISTORY INCORPORATED AND SUBSIDIARIES

              CONDENSED CONSOLIDATED BALANCE SHEETS

                                              March 31,    December 31,
                                                2002          2001
                                             (Unaudited)
                                             ---------------------------
ASSETS

Current assets
  Cash                                     $    1,169     $    1,578
  Prepaid expenses and other current assets     8,204         15,580
                                             --------        -------

     Total current assets                       9,373         17,158

  Other assets                                 22,371         24,407
                                             --------        -------
TOTAL ASSETS                                $  31,744     $   41,565
                                              =======        =======
LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities
  Accounts payable and accrued expenses  $  1,027,073     $1,010,379
  Customer Deposits                            14,200              0
  Line of credit                                             300,000
  Notes payable - former CEO                  529,589        127,927
  Notes payable and accrued interest           95,537         94,576
  Notes payable to officer                     68,140         36,000
  Advances Payable                            390,000        390,000
  Notes payable to director                   341,833        333,463
Liability from settlement of lawsuit          120,000        120,000
                                             --------        -------
     Total current liabilities              2,586,372      2,412,345


COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' DEFICIT
Common stock, $.001 par value; 75,000,000      14,333         14,333
  shares authorized, 14,333,272 shares
  issued and outstanding
Additional paid-in capital                  6,680,486      6,657,237
Accumulated deficit                        (9,249,447)    (9,042,350)
                                          -----------     ----------
     Total stockholders' deficit           (2,554,628)    (2,370,780)
                                          -----------     ----------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $  31,744     $   41,565
                                          ===========     ===========

See notes to condensed consolidated financial statements.

                                        1


<PAGE>


      AMERICAN SPORTS HISTORY INCORPORATED AND SUBSIDIARIES

         CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                           (Unaudited)


                                                Three months ended
                                                     March 31,
                                                2002           2001
                                             ---------------------------
REVENUE                                    $     -        $     -
                                             --------       --------

EXPENSES
  General and administrative                  185,364        650,599
  Interest Expense                             21,733          -
                                             --------       --------

TOTAL EXPENSES                                207,097        650,599
                                             --------       --------
Net loss                                   $ (207,097)    $ (650,599)
                                           ===========    ===========

Basic and diluted net loss per share       $    (0.01)    $    (0.05)
                                           ===========    ===========
Weighted average number of common
  shares outstanding                       14,333,272     13,567,272


See notes to condensed consolidated financial statements.


                                        2


<PAGE>


      AMERICAN SPORTS HISTORY INCORPORATED AND SUBSIDIARIES

         CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                          (Unaudited)


                                                Three months ended
                                                     March 31,
                                                2002          2001
                                             ---------------------------

INCREASE (DECREASE) IN CASH

CASH FLOWS FROM OPERATING ACTIVITIES
    Net loss                               $ (207,097)    $ (650,599)
  Adjustments to reconcile net loss to
    net cash used in operating activities
      Depreciation and amortization expense     2,036          3,327
    Stock options issued to non-employees
      for services                             19,621        236,103
    Stock options issued to officers in
      payment of salaries and bonuses               -         77,700
    Imputed interest on notes
      payable to officers and directors         3,628          9,400

  Changes in assets and liabilities
    Employee advance                               -           3,300
    Prepaid expenses and other assets           7,376          7,375
    Accounts payable and accrued expenses      20,957        179,720
    Customer deposits                          14,200         10,941
    Accrued interest                            5,068            335
                                             --------       --------
NET CASH USED IN OPERATING ACTIVITIES        (134,211)      (122,398)
                                             --------       --------
CASH FLOWS FROM INVESTING ACTIVITIES
    Other assets purchased                                      (535)
                                             --------       --------
NET CASH USED IN INVESTING ACTIVITIES                           (535)
                                             --------       --------

CASH FLOWS FROM FINANCING ACTIVITIES
     Proceeds from issuance of notes to
      Officer                                  32,140          7,600
     Proceeds from issuance of notes to
      former CEO                              401,662         12,000
     Proceeds from line of credit
     75,000 Repayment of Line of Credit      (300,000)
     Repayment of notes                                       (3,698)
     Repayment of loan from director                          (1,318)
                                             --------       --------

NET CASH PROVIDED BY FINANCING ACTIVITIES     133,802         89,584
                                             --------       --------
NET DECREASE IN CASH                             (409)       (33,349)

CASH, beginning of period                       1,578         38,239
                                             --------       --------
CASH, end of period                        $    1,169          4,890
                                            =========      =========

See notes to condensed consolidated financial statements.


                                        3




<PAGE>


              AMERICAN SPORTS HISTORY INCORPORATED AND SUBSIDIARIES

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

                   THREE MONTHS ENDED MARCH 31, 2002 AND 2001


1    Basis of presentation and management's plan

     The  Company was  incorporated  in the State of Nevada on August 9, 1990 as
     National Logistics,  Inc. National Logistics, Inc. changed its name to Fans
     Holdings,  Inc. on June 30,  1995,  and  subsequently  to  American  Sports
     History  Incorporated  ("AMSH" or the  "Company") on September 20, 1995. On
     August 21, 1995,  AMSH acquired 100% of the capital stock of Infinet,  Inc.
     ("Infinet").  For accounting  purposes,  the acquisition of Infinet by AMSH
     has been  treated as a  recapitalization  of Infinet,  with  Infinet as the
     acquirer (reverse  acquisition).  AMSH had no assets or operations prior to
     May  1995.  In  the  second  quarter  2000,  the  Company's   newly  formed
     subsidiary, American Sports Academy, LLC ("ASA"), assumed the operations of
     the Buddy  Harrelson  Baseball  and  Softball  Academy.  During  the fourth
     quarter of 2001, the Company commenced  operations  pursuant to its revised
     business plan  (strategy) and terminated its status as a development  stage
     entity. However, on April 18, 2002, the Company sold ASA (Note 9).

     The Company  incurred a net loss of  $207,097  for the three  months  ended
     March  31,  2002,  resulting  in  an  accumulated  deficit  of  $9,249,447.
     Management  of the  Company  is  continuing  to  develop  a  business  plan
     summarizing its strategy for the next several years. The Company intends to
     evaluate  its  remaining  sports  related  software  and  other  assets  to
     determine  whether to pursue  development  of these  assets or  alternative
     courses of action.  Significant  cash will be  required  to pay off current
     debt. The Company's  intention is to raise capital  through the sale of its
     equity  securities  and/or to seek outside  private  sources of  financing.
     During the quarter  ending March 31, 2002,  the Company  issued  additional
     notes to its  officers and  directors in the net amount of $434,763,  which
     was used to provide  working capital and to repay the $300,000 bank line of
     credit.

     There can be no  assurances  that the  Company  will be  successful  in its
     attempts to raise  sufficient  capital  essential to its  survival.  To the
     extent the Company is unable to raise the necessary  operating capital,  it
     will not be able to develop  and  implement  a business  plan,  and it will
     become necessary to curtail or cease operations.  Additionally, even if the
     Company does raise sufficient operating capital, there can be no assurances
     that the net proceeds will be sufficient enough to enable it to develop its
     business  to a level  where it will  generate  profits  and cash flows from
     operations.

     These  matters  raise  substantial  doubt  about the  Company's  ability to
     continue  as  a  going  concern.  However,  the  accompanying  consolidated
     financial  statements  have been prepared on a going concern  basis,  which
     contemplates  the realization of assets and  satisfaction of liabilities in
     the normal course of business.  The financial statements do not include any
     adjustments  relating to the  recoverability  of the recorded assets or the
     classification  of the  liabilities  that  might be  necessary  should  the
     Company be unable to continue as a going concern.

2    Significant accounting policies

     Interim financial information

     The  condensed  consolidated  balance  sheet as of March 31, 2002,  and the
     condensed  consolidated  statements  of  operations  and cash flows for the
     three  months  ended  March 31,  2002 and 2001,  have been  prepared by the
     Company  without  audit.  These interim  financial  statements  include all
     adjustments, consisting only of normal recurring accruals, which management
     considers necessary for a fair presentation of the financial statements for
     the above  periods.  The results of  operations  for the three months ended
     March 31,  2002,  are not  necessarily  indicative  of results  that may be
     expected for any other interim periods or for the full year.

                                        4

<PAGE>

2    Significant accounting policies (continued)

     Interim financial information (continued)

     These  condensed  consolidated  financial  statements  should  be  read  in
     conjunction  with the consolidated  financial  statements and notes thereto
     for the year ended  December  31, 2001.  The  accounting  policies  used in
     preparing the condensed  consolidated  financial  statements are consistent
     with those  described  in the  December  31,  2001  consolidated  financial
     statements.

     Principles of consolidation

     The consolidated  financial  statements include the accounts of the Company
     and  its  wholly   owned   subsidiaries.   All   significant   intercompany
     transactions and balances have been eliminated in consolidation.

     Use of Estimates

     In preparing consolidated financial statements in conformity with generally
     accepted accounting principles,  management makes estimates and assumptions
     that affect the reported  amounts of assets and liabilities and disclosures
     of  contingent  assets  and  liabilities  at the  date of the  consolidated
     financial  statements,  as well as the  reported  amounts  of  revenue  and
     expenses  during the  reporting  period.  Actual  results could differ from
     those estimates.

     Reclassifications

     Certain   reclassifications   were  made  to  the  prior  period  financial
     statements in order to conform to the current period's presentation.

     New Accounting Pronouncements

     SFAS No. 141,  "Business  Combinations",  and SFAS No. 142,  "Goodwill  and
     Other  Intangible  Assets"  became  effective  for the  Company  during the
     quarter ended March 31, 2002. The provisions of these  interpretations that
     are applicable to the Company were implemented on a prospective basis as of
     January 1, 2002,  which had no material  effect on the Company's  financial
     statements.

     SFAS No. 144,  "Accounting  for the  Impairment  or Disposal of  Long-Lived
     Assets" became effective for the Company during the quarter ended March 31,
     2002.  The  provisions of the  interpretations  that are  applicable to the
     Company  were  implemented  on a  prospective  basis as of January 1, 2002,
     which had no material effect on the Company's financial statements.


3    Notes payable to officer

     Notes payable to officer of $68,140 at March 31, 2002  represents  advances
     made by one of the  Company's  officers  to be  used  for  working  capital
     purposes.  This  advance  bears  interest  at the  prime  rate  charged  by
     Citibank, $36,000 of the notes payable are due on demand with the remaining
     balance due on December 31, 2002.


4    Notes payable to director

     Notes  payable to director  ($341,833  at March 31,  2002)  includes  notes
     payable to the Company's  Chairman of the Board  ($230,265)  and his spouse
     ($111,568).  These  notes  are  non-interest  bearing  with a  face  amount
     aggregating  $370,441,  and  are  payable  in full on  December  31,  2002.
     Accordingly,  interest expense,  at an annual rate of 10%, has been imputed
     on these notes.


                                        5


<PAGE>



5    Notes payable former CEO

     On November 3, 2000 the Company  entered  into an agreement  with  European
     American Bank for a $300,000 revolving line of credit. In January 2002, the
     balance   outstanding  under  the  line  of  $300,000,   plus  interest  of
     approximately  $2,000 was paid off by Mr.  Herbert J. Hefke, a Director and
     the Former Chief  Executive  Officer.  The $529,589 of notes payable,  bear
     interest at the LIBOR  Interbank  offered  rate plus 2%. All of these notes
     are due on demand.

6    Advances Payable

     During the fourth quarter of 2000,  four of the Company's  executives  made
     advances totaling $390,000,  on behalf of the Company,  to the developer of
     the Company's website.  Since the collection of the advances to the website
     developer is uncertain, the Company has recorded an allowance for the total
     amount of the advances.  The advances  payable to the executives are due on
     demand and are non-interest bearing.

7    American Sports Academy, LLC ("ASA")

     In the second quarter 2000,  the Company's  newly formed  subsidiary,  ASA,
     assumed the operations of the Buddy Harrelson Baseball and Softball Academy
     ("BHBSA").  Revenue and expenses related to the Company's  operation of the
     sports camps have been  included in the Company's  financial  results since
     that date.  One of the  Company's  officers/directors  is a co-owner of the
     BHBSA.  The Company has  verbally  agreed to  compensate  the owners of the
     BHBSA with a combination of Company stock and options based upon the future
     performance  of  ASA.  Since  the  parties  have  not  yet  determined  the
     consideration to be paid to BHBSA, no  consideration  has been reflected in
     the accompanying financial statements.

8    Commitments and contingencies

     Legal proceedings

     On June 30,  1996,  a default  judgment was entered  against  Infinet,  the
     Company's wholly owned subsidiary,  and certain of the Company's  principal
     stockholders  by a former  shareholder of Fans  Publishing  Inc.,  alleging
     breach of contractual commitments and other matters.  Effective October 14,
     1997,  on behalf of himself and the  Company,  Mr.  Nerlino  entered into a
     settlement  agreement that required the Company to pay $100,000 in cash and
     to issue  225,000  shares of its common  stock.  As a result,  the  Company
     recorded a charge to  operations  of  $122,500  in 1997.  The  $100,000  is
     payable,  without interest, in two installments:  $5,000 within 120 days of
     the  agreement  and $95,000 by October 14, 2000.  The Company is delinquent
     with its payment that was due on October 14, 2000; however,  the Company is
     currently in the process of negotiating  new payment terms.  The first cash
     installment  was paid in November  1998 and the common  stock was issued in
     June 1998.

     On August 2,1996, the Company became a defendant in a case involving one of
     its  current  stockholders.   The  stockholder  was  seeking  a  refund  of
     approximately  $200,000,  the  original  amount  invested in the  Company's
     common stock.  On November 2, 1998,  the Company  entered into a settlement
     agreement  with the  stockholder.  Pursuant to the  agreement,  the Company
     issued 50,000 shares of its common stock to the  stockholder  in 1998.  The
     Company is also  obligated  to pay $50,000.  At March 31, 2001,  $25,000 is
     outstanding and due November 2001.

     The Company is delinquent in paying many of its  outstanding  debts and has
     been notified by several  creditors that they have already initiated or may
     pursue  legal  remedies.   The  Company   believes  that  all  amounts  are
     appropriately accrued in its financial  statements.  Since the Company does
     not  currently  have the  financial  resources to satisfy  these debts,  it
     intends to negotiate settlements with its creditors in the near term. It is
     not possible to predict the ultimate outcome of these matters.

                                        6



<PAGE>


9    Subsequent events

     On April 4, 2002, the Company  received a letter from Mr.  Nerlino's lawyer
     making  claims  that  various  amounts  of cash and  securities  due to Mr.
     Nerlino  are past due.  The  Company  believes  that all amounts due to the
     Chairman are properly reflected in the consolidated  financial  statements.
     However, since there are some discrepancies between the amounts included in
     the letter and the  amounts  reflected  in the  financial  statements,  the
     Company  is unable to  determine  whether  or not there  will be a material
     impact on its consolidated financial statements.

     In late April,  Mr. Nerlino again made financial claims against the Company
     and disputed the proposed  sale of the ASA business.  The Company,  through
     its lawyers, has put Mr. Nerlino on notice that it is reviewing his claims,
     as well as any claims the Company may have against Mr. Nerlino with respect
     to the  manner in which he has  discharged  his  duties as a  director  and
     control  person of the  Company.  The Board is taking this action to ensure
     that stockholder interest is protected.

     As part of the plans to expand  the camps and  instructional  programs,  in
     November  of 2001,  ASA signed a Letter of Intent to acquire All Pro Sports
     Inc. ("All Pro"). All Pro is an indoor facility based in Bellport,  NY that
     provides clinics,  private lessons and  instructional  camps to athletes of
     all  ages.  The  letter  of  intent  to  acquire  All  Pro  was  terminated
     simultaneously  with the sale of American Sports Academy,  LLC, to Treasury
     International, Inc., on April 22, 2002.

     On April 18, 2002, the Company  entered into a Plan of  Reorganization  and
     Acquisition  (the  "Plan")  whereby  AMSH  agreed  to sell  its  subsidiary
     American  Sports  Academy,  LLC("ASA") to Treasury  International,  Inc., a
     Delaware corporation  ("Treasury").  Under the terms of the Plan, AMSH will
     transfer to Treasury 100 percent of the member  interest in ASA in exchange
     for:

          1. 100,000 shares of restricted Treasury common stock;

          2. A  Promissory  Note in the  principal  amount of  $100,000  due and
     payable  two years  after the closing  with  interest of seven  percent per
     annum payable semi-annually; and

          3. Payment,  semi-annually, to AMSH of five percent of the net profits
     earned by ASA, up to an aggregate amount of $500,000.

     AMSH received the promissory note and instructions were issued to issue the
     shares on or about April 22, 2002, so AMSH deems the transaction  closed as
     of that date.

     At the time of the  transaction,  two affiliates of Treasury were principal
     stockholders of AMSH.  Following the transaction,  AMSH intends to evaluate
     its remaining sports related software and other assets to determine whether
     to pursue development of these assets.

     Effective  the close of business  April 26,  2002,  Robert C.  Dromerhauser
     resigned his  positions as president and chief  executive  officer of AMSH.
     Further, Mr. Dromerhauser terminated and cancelled any right to receive, or
     obligation of AMSH to issue to him, any shares of common stock, options, or
     other  consideration  for  transferring  to  AMSH  any  of  the  assets  or
     operations of the Buddy  Harrelson  Baseball and Softball  Academy or other
     operations of ASA, and returned to AMSH for cancellation  200,000 shares of
     common stock issued to him for services in 2001.

                                        7


<PAGE>


ITEM II - MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

     Forward-looking statements

     This  Form  10-QSB  includes,   without   limitation,   certain  statements
     containing the words "believes", "anticipates", "estimates", and words of a
     similar nature, constitute "forward-looking  statements" within the meaning
     of the Private Securities  Litigation Reform Act of 1995. This Act provides
     a "safe harbor" for  forward-looking  statements to encourage  companies to
     provide  prospective  information about themselves so long as they identify
     these  statements  as forward  looking and provide  meaningful,  cautionary
     statements identifying important factors that could cause actual results to
     differ from the projected results.  All statements other than statements of
     historical  fact  made  in  this  Form  10-QSB  are   forward-looking.   In
     particular,  the statements herein regarding  industry prospects and future
     results of operations or financial position are forward-looking statements.
     Forward-looking  statements reflect  management's  current expectations and
     are  inherently   uncertain.   The  Company's  actual  results  may  differ
     significantly from management's expectations.

Results of Operations -

     During  the  quarter  ended  March 31,  2002,  general  and  administrative
     expenses were $185,364. During the quarter ended March 31, 2001 general and
     administrative expenses were $650,599

     During the  quarters  ended  March 31,  2002 and 2001,  the Company had net
     losses of $207,097 and $650,599, respectively.

     The  Company  expects  to  incur  continuing   general  and  administrative
     expenses, without any significant operating revenues, until such time as it
     is  able  to  commence  substantial  revenue  generating  operations.   The
     generation  of  significant  revenue  will be  dependent  upon the  Company
     raising  substantial working capital from the sale of equity securities and
     or obtaining funds from loan proceeds, and operating revenues. There can be
     no assurances,  however,  that the Company will ultimately be successful in
     raising  the  necessary  capital  and in  establishing  itself  as a sports
     information and service provider.

Liquidity and Capital Resources:

     The Company  incurred a net loss of  $207,097  for the three  months  ended
     March  31,  2002,  resulting  in  an  accumulated  deficit  of  $9,249,447.
     Management  of the  Company  is  continuing  to  develop  a  business  plan
     summarizing its strategy for the next several years. The Company intends to
     evaluate  its  remaining  sports  related  software  and  other  assets  to
     determine  whether to pursue  development  of these  assets or  alternative
     courses of action.  Significant  cash will be  required  to pay off current
     debt. The Company's  intention is to raise capital  through the sale of its
     equity  securities  and/or to seek outside  private  sources of  financing.
     During the quarter  ending March 31, 2002,  the Company  issued  additional
     notes to its  officers and  directors in the net amount of $434,763,  which
     was used to provide  working capital and to repay the $300,000 bank line of
     credit.

     There can be no  assurances  that the  Company  will be  successful  in its
     attempts to raise  sufficient  capital  essential to its  survival.  To the
     extent the Company is unable to raise the necessary  operating capital,  it
     will not be able to develop  and  implement  a business  plan,  and it will
     become necessary to curtail or cease operations.  Additionally, even if the
     Company does raise sufficient operating capital, there can be no assurances
     that the net proceeds will be sufficient enough to enable it to develop its
     business  to a level  where it will  generate  profits  and cash flows from
     operations.  These  matters  raise  substantial  doubt about the  Company's
     ability to continue as a going concern.

                                        8


<PAGE>


     In March of 2002,  the Board of  Directors  of the Company  elected  Robert
     Dromerhauser  President and Chief Executive Officer.  Mr. Herbert J. Hefke,
     the former  President  and CEO,  remained a  Director.  David  Magadan  was
     elected  a  Director.  The Board  agreed on a change of name from  American
     Sports History,  Inc.(AMSH) to American Sports  Academy,  Inc.,  subject to
     stockholder  approval.  This would coincide with the strategic direction of
     the Company.  The Board also unanimously approved discussions with Treasury
     International  Inc.  ("Treasury")  on a non-binding  basis to pursue merger
     possibilities.  Through these  discussions in late March it became apparent
     that the officers and  Directors of the Company would have to make personal
     financial  concessions  in order to  effectuate  this  merger.  Although  a
     majority of the Board  agreed to make such  concessions,  one member of the
     Board refused to make any concessions.  As a result of this claim, Treasury
     broke off merger discussions.

     In mid-April,  due to lack of funds, the summer camp business of ASA was in
     jeopardy.  It was  determined  that in order to avoid  the loss of the camp
     business  conducted by ASA, and defaulting on contracts in place, the Board
     of the  Company  decided to sell the camp  business  and all of its assets.
     Treasury made a fair value offer for the ASA  business,  which the Board of
     the Company  accepted by majority  decision.  Additionally,  David  Magadan
     resigned as a Director and Mr. Dromerhauser  resigned as President and CEO.
     On May 2 2002,  the Company  filed a form 8-K  disclosing  the terms of the
     sale.

     In late April,  Mr. Nerlino again made financial claims against the Company
     and disputed the proposed  sale of the ASA business.  The Company,  through
     its lawyers, has put Mr. Nerlino on notice that it is reviewing his claims,
     as well as any claims the Company may have against Mr. Nerlino with respect
     to the  manner in which he has  discharged  his  duties as a  director  and
     control  person of the  Company.  The Board is taking this action to ensure
     that stockholder interest is protected.

     The Company is presently operating without a President or Chief Executive
     Officer and has no operating revenue. It is being funded by personal loans
     from Messer. Hefke and Dromerhauser.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

     See Note 8 to Condensed Consolidated Financial Statements  "Commitments and
     Contingencies."

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

     (a) Exhibits:  None

     (b) Reports:  None

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<PAGE>


SIGNATURES

     In accordance with the requirements of the Exchange Act, the registrant
     caused this report to be signed on its behalf by the undersigned, thereunto
     duly authorized.

                                      AMERICAN SPORTS HISTORY INCORPORATED



     Date: June 14, 2002              By: /s/ Ken Arnold
                                              Chief Accounting Officer



     Date: _______, 2002              __________________________________________
                                      Vincent M. Nerlino, Director



     Date: June 14, 2002              /s/ Herbert J. Hefke, Director



     Date: June 14, 2002              /s/ Robert C. Dromerhauser, Director




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