SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 10-Q

     X  Quarterly  Report  Pursuant  to  Section  13 or 15(d) of the  Securities
        Exchange Act of 1934 FOR THE QUARTERLY PERIOD ENDED November 30, 1995

                                       OR

        Transition  Report  Pursuant  to Section  13 or 15(d) of the  Securities
        Exchange Act of 1934 from the transition period from _______ to ______

                          Commission File Number   0-9987


                            GLOBUS GROWTH GROUP, INC.
             (Exact name of registrant as specified in its charter)



          New York                                               13-2949462
(State or other jurisdiction of                               (I.R.S. Employer
incorporation or organization)                               Identification No.)


44 West 24th Street, New York, NY                                   10010
(Address of principal executive offices)                          (zip code)

                                 (212) 243-1000
              (Registrant's telephone number, including area code)




     Indicate  by check mark  whether the  registrant  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  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 _____

                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS DURING THE PRECEDING FIVE YEARS

     Indicate  by check mark  whether the  registrant  (1) has filed all reports
required to be filed by Section 12, 13 or 15(d) of the  Securities  Exchange Act
of 1934 subsequent to the distribution of securities under a plan confirmed by a
court.   Yes _____     No _____


                      APPLICABLE ONLY TO CORPORATE ISSUERS:

     Indicate the number of shares  outstanding of each of the issuer's  classes
of common stock, as the latest  practicable date:  2,499,000  (including 121,690
held in treasury)


<PAGE>


PART I - FINANCIAL INFORMATION
Item 1.  Financial Statements

GLOBUS GROWTH GROUP, INC.

CONDENSED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                                                 November 30,           February 28,
                                                                                                    1995                    1995
                                                                                                 ------------           ------------
ASSETS                                                                                           (Unaudited)            (See Note 1)

<S>                                                                                              <C>                    <C>        
Cash                                                                                                  $2,000                 $6,000
Investments in Securities (Note 3)                                                                $1,621,000             $1,489,000
Due from Broker                                                                                           $0                $62,000
Other Assets                                                                                         $11,000                $11,000
                                                                                                 -----------            -----------
TOTAL                                                                                             $1,634,000             $1,568,000
                                                                                                 ===========            ===========



LIABILITIES AND STOCKHOLDERS' EQUITY

Liabilities
  Accounts payable and accrued expenses                                                             $780,000               $721,000
  Loans payable to officers/shareholders                                                            $689,000               $762,000
  Demand loan payable to related party                                                              $396,000               $384,000
  Due to Broker                                                                                     $130,000                     $0
                                                                                                 -----------            -----------
Total Liabilities                                                                                 $1,995,000             $1,867,000
                                                                                                 -----------            -----------

Stockholders' equity (Note 2)
Preferred stock - $.10 par value, Authorized - 450,000 shares
     None Issued
Series B convertible preferred stock - $.10 par value
     Authorized - 50,000 shares, None issued
Common stock - $.01 par value, Authorized - 4,500,000
     shares, Issued 2,499,000 shares at 11/30/95                                                     $25,000                $25,000
Additional paid in capital                                                                        $2,747,000             $2,747,000
Treasury Stock, 121,690 shares at 11/30/95                                                          ($35,000)              ($34,000)
Accumulated earnings (deficit)                                                                   ($3,098,000)           ($3,037,000)
                                                                                                 -----------            -----------
Total stockholders' equity                                                                         ($361,000)             ($299,000)
                                                                                                 -----------            -----------
TOTAL                                                                                             $1,634,000             $1,568,000
                                                                                                 ===========            ===========
</TABLE>


(See Accompanying Notes to Financial Statements)


<PAGE>


GLOBUS GROWTH GROUP, INC.

STATEMENT OF OPERATIONS
      (Unaudited)

<TABLE>
<CAPTION>
                                                                         Three Months                          Nine Months
                                                                        Ended November 30,                  Ended November 30,
                                                                    1995               1994               1995              1994
                                                                -----------        -----------        -----------        -----------
<S>                                                               <C>                <C>                <C>                <C>      
Gain (loss) on investments:
   Realized                                                         $47,000             $8,000            $14,000            $10,000
   Unrealized                                                      ($12,000)          ($13,000)           $74,000           $195,000
                                                                -----------        -----------        -----------        -----------
Total                                                               $35,000            ($5,000)           $88,000           $205,000
Dividend Income                                                          $0             $1,000             $1,000             $7,000
Interest Income                                                          $0                 $0                 $0                 $0
Consulting and other income                                         $23,000             $2,000            $28,000            $15,000
                                                                -----------        -----------        -----------        -----------
TOTAL                                                               $58,000            ($2,000)          $117,000           $227,000

Expenses:
   General and administrative                                       $39,000            $56,000           $138,000           $170,000
   Interest                                                         $13,000            $12,000            $40,000            $38,000
                                                                -----------        -----------        -----------        -----------
TOTAL                                                               $52,000            $68,000           $178,000           $208,000

Income (loss) from operations before taxes                           $6,000           ($70,000)          ($61,000)           $19,000
Benefit/(Provision) for taxes                                            $0                 $0                 $0                 $0
                                                                -----------        -----------        -----------        -----------
Net earnings (loss)                                                  $6,000           ($70,000)          ($61,000)           $19,000
                                                                -----------        -----------        -----------        -----------


Net (Loss) per share of common stock                                  $0.00             ($0.03)            ($0.03)             $0.01
Weighted Average Number of shares of
    Stock Outstanding                                             2,377,310          2,394,510          2,381,250          2,395,794
                                                                -----------        -----------        -----------        -----------
</TABLE>


(See Accompanying Notes to Financial Statements)



<PAGE>


GLOBUS GROWTH GROUP, INC.

STATEMENT OF CASH FLOWS
     (Unaudited)

<TABLE>
<CAPTION>
                                                                                                                 Nine Months
                                                                                                             Ended November 30,
                                                                                                            1995             1994
                                                                                                         ---------        ---------
<S>                                                                                                      <C>              <C>       
CASH FLOWS FROM OPERATING ACTIVITIES:
       Net Income (loss)                                                                                  ($61,000)         $19,000
       Adjustments to reconcile net income (loss) to net cash provided by (used in)
            operating activities:
            Depreciation and amortization                                                                   $2,000           $2,000
            Realized (gain) loss on investments                                                           ($14,000)       ($195,000)
            Unrealized (gain) loss on investments                                                         ($74,000)        ($10,000)
            Increase in accounts payable, accrued expenses and accrued interest
                on loans from officers/shareholders and broker                                             $99,000         $106,000
            (Increase) decrease in prepaid assets                                                          ($2,000)         $23,000
                                                                                                         ---------        ---------

            Net cash (used in ) operating activities                                                      ($50,000)        ($55,000)
            ------------------------------------------------------------------------------------------------------------------------

CASH FLOWS FROM INVESTING ACTIVITIES:
       Purchase of investments                                                                           ($185,000)       ($135,000)
       Purchase of property and equipment                                                                       $0               $0
       Proceeds from sale of investments                                                                  $141,000         $282,000
                                                                                                         ---------        ---------

            Net cash provided by (used in ) investing activities                                          ($44,000)        $147,000
            ------------------------------------------------------------------------------------------------------------------------

CASH FLOWS FROM FINANCING ACTIVITIES:
       Repayment of loans payable to officers/shareholders                                                ($70,000)              $0
       Increase (decrease) in loans payable to officers/shareholders                                      ($23,000)        ($56,000)
       Borrowing from broker                                                                              $150,000               $0
       Repayment to broker                                                                                ($28,000)              $0
       Payment from broker                                                                                 $62,000               $0
       Purchase of treasury stock                                                                          ($1,000)              $0
       Borrowing from related party                                                                             $0         ($20,000)
                                                                                                         ---------        ---------

            Net cash provided by (used in) financing activities                                            $90,000         ($76,000)
            ------------------------------------------------------------------------------------------------------------------------

Net increase (decrease) in cash                                                                            ($4,000)         $16,000

Cash - beginning of period                                                                                  $6,000               $0

Cash - end of period                                                                                        $2,000          $16,000

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
       Cash paid during the year for:
            Interest                                                                                            $0               $0
            Income Taxes                                                                                      $729             $729
</TABLE>


(See Accompanying Notes to Financial Statements)


<PAGE>


GLOBUS GROWTH GROUP, INC.    Notes to Condensed Financial Statements (Unaudited)
                                                               November 30, 1995


Note 1 -  Basis of Condensed Information

          In the opinion of the Company,  the accompanying  unaudited  condensed
          financial  statements  contain  all  adjustments,  consisting  of only
          normal recurring  accruals,  necessary to present fairly the financial
          position as of November 30, 1995,  the results of  operations  for the
          three and nine months ended  November 30, 1995 and 1994, and statement
          of cash flows for the nine months ended November 30, 1995 and 1994.

          The results of operations  for the nine months ended November 30, 1995
          are not  necessarily  indicative of the results to be expected for the
          full year.

          Certain   information  and  note  disclosures   normally  included  in
          financial  statements  prepared in accordance with generally  accepted
          accounting principles have been condensed or omitted.  These condensed
          financial  statements should be read in conjunction with the financial
          statements and notes thereto  included in the Company's  annual report
          filed on Form 10-K for the year ended February 28, 1995.

          The balance  sheet at  February  28,  1995 has been  derived  from the
          Company's  audited balance sheet included in its Annual Report on Form
          10-K.


Note 2 -  Earnings Per Share

          Per share  data are  based on the  weighted  average  number of common
          shares  outstanding  during  the  period.   Common  equivalent  shares
          (options  and  warrants)  would  be  anti-dilutive  and are  therefore
          excluded from the calculations.


Note 3 -  Investments

          As of February 28, 1995 and November 30, 1995, investments are carried
          at value,  which,  for readily  marketable  securities  are related to
          market quotations. Investments in restricted securities and securities
          which are not readily  marketable are carried at fair value determined
          by the Board of Directors.

          (Continued on next page)


<PAGE>


GLOBUS GROWTH GROUP, INC.    Notes to Condensed Financial Statements (Unaudited)
                                                               November 30, 1995

Note 3 - (continued)
<TABLE>
<CAPTION>
                                                            November 30,                             February 28,
                                                               1995                                     1995
                                                              ------                                   ------
                                                   No. Shares         Value         Cost      No. Shares        Value         Cost
                                                   ----------     ----------    ----------    ----------    ----------      --------
<S>                                                  <C>          <C>           <C>              <C>        <C>           <C>       
Common Stock
   Catamount Brewing Co.                               23,215       $176,000      $176,000        23,215      $176,000      $176,000
   Interface Systems Inc.                                 775         $5,000        $7,000        14,775      $113,000      $128,000
   Kimeragen, Inc.                                        414        $70,000       $70,000
   Nematron Corp.                                      16,925        $74,000       $30,000        16,925       $27,000       $30,000
   Globus Studios, Inc.                               144,850         $4,000            $0       144,850        $4,000            $0
   Energy Research, Inc.                               81,000*      $911,000      $100,000        86,000      $903,000      $100,000
   Plasmaco, Inc. - Common                              3,322         $1,000      $410,000         3,322        $1,000      $410,000
                                                                  ----------    ----------                  ----------    ----------
Total Common Stock                                                $1,241,000      $793,000                  $1,224,000      $844,000

Preferred Stock
   Kimeragen, Inc. Preferred A                            113        $75,000       $75,000
   Plasmaco, Inc. - Preferred Series A                228,178       $115,000       $40,000       228,178      $115,000       $40,000
   Proscure, Inc. Series A Conv. Pfd.                  61,000        $86,000       $86,000        61,000       $86,000       $86,000
   Proscure, Inc. Series B Conv. Pfd.                  53,334        $80,000       $80,000        26,667       $40,000       $40,000
                                                                  ----------    ----------                  ----------    ----------
Total Preferred Stock                                               $356,000      $281,000                    $241,000      $166,000


Stock Purchase Warrant
   Glycan Pharmaceuticals, Inc.                        37,500        $17,000       $17,000        37,500       $17,000       $17,000
   Proscure Inc.                                       75,000         $7,000        $7,000        75,000        $7,000        $7,000
                                                                  ----------    ----------                  ----------    ----------
Total Warrants                                                       $24,000       $24,000                     $24,000       $24,000

Total Investments - Fair  value                                   $1,621,000    $1,098,000                  $1,489,000    $1,034,000
                                                                  ----------    ----------                  ----------    ----------


*NOTE:  As at November 30, 1995, 30,000 shares of Energy Research Corporation are held as collateral for a loan at Loeb Partners.

</TABLE>


<PAGE>


                     Management's Discussion and Analysis of
                  Financial Condition and Results of Operations


Analysis of Results of Operations

     Prior to fiscal 1987, the Company was engaged in the camera and photography
business.  On February 28, 1986,  the Company sold its operating  business to an
affiliated company and since that date the Company's principal activity has been
the making of investments in other companies.

     At November 30, 1995,  the Company had total assets of $1,634,000  compared
to total assets of $1,568,000 as at February 28, 1995.  Included in total assets
at such dates were  investments  in securities of $1,621,000  for the nine month
period ended  November 30, 1995 and  $1,489,000  for the year ended February 28,
1995. Shareholders equity at such dates was ($361,000) for the nine month period
ended  November 30, 1995 and  ($299,000)  for the year ended  February 28, 1995.
Gain on investments amounted to $88,000 for the nine month period ended November
30,  1995 as  compared to a gain of  $205,000  for the nine month  period  ended
November 30, 1994. Included in such gains (losses) were $14,000 of realized gain
and $74,000 of unrealized gain for the nine month period ended November 30, 1995
compared to $10,000 of realized  gain and  $195,000 of  unrealized  gain for the
nine month  period  ended  November  30,  1994.  Operating  expenses,  including
interest  charges,  amounted  to  $178,000  for the 1995 nine  month  period and
$208,000 for the 1994 nine month  period.  Income (loss) from  operations,  both
before and after  provision  for taxes,  was ($61,000) for the nine month period
ended  November  30, 1995  compared to $19,000 for the nine month  period  ended
November 30, 1994. Net earnings  (loss) per share were ($0.03) for the 1995 nine
month period  compared to a gain of $0.01 for the  comparable  1994 period.  The
weighted  average  number of shares of Common Stock  outstanding at November 30,
1995 was 2,381,250 and 2,395,794 at November 30, 1994.


Analysis of Financial Condition

     The near term  liquidity of the  Company,  as well as its near term capital
resources  position,  are presently  principally  dependent upon: (i) the market
value and future ability of the Company to sell its position in Energy Research,
Inc. and Nematron Corp.; and (ii) the continued  willingness,  as to which there
can be no  assurance  whatsoever,  of the members of the Globus  family who have
made loans to the Company  (chiefly Stephen E. Globus) to continue to make loans
to the Company.  Thus, loans payable by the Company (including accrued interest)
to Messrs. Stephen E. and Richard D. Globus amounted to $689,000 at November 30,
1995, a decrease of $73,000 from  $762,000 at February 28, 1995.  This  decrease
was due to a $70,000 loan  repayment to Stephen E. Globus,  a $49,500  charge to
the two officers/shareholders loans for general and administrative costs and use
by them  of the  Company's  office  and  personnel  for the  nine  month  period
(reference is made to Note G of Form 10K for the year ended  February 28, 1995);
which decrease was somewhat offset by an increase of $27,000 in such loans, plus
accrued  interest of  approximately  $20,000.  As at November  30,  1995,  loans
payable to another  member of the Globus  family,  to wit:  Ms. Jane Globus (the
mother of Stephen E. and Richard D. Globus), amounted to approximately $396,000,
including  accrued  interest.  An  additional  factor  affecting  the  Company's
liquidity position during the nine-month period ending November 30, 1995 was the
purchase of new and the making of additional investments (i.e., Kimeragen,  Inc.
and Proscure, Inc.).


<PAGE>


     The Company pledged 20,000 shares of Energy  Research  Corporation in March
1995 and an additional  10,000 shares in May 1995 as collateral  for a loan from
Loeb Partners in the amount of $150,000,  plus approximately $8,000 for interest
expense  during the nine month  period ended  November  30, 1995.  This loan was
reduced  by   approximately   $28,000  of  sales  proceeds  of  Energy  Research
Corporation in September 1995.

     There  are in  fact  presently  no  known  events  that  can be  considered
reasonably  certain to occur which would materially  change favorably either the
short term or long term  liquidity  (i.e.,  ability of the  Company to  generate
adequate  amounts  of cash to meet its  needs  for  cash) or  capital  resources
position (i.e.,  source of funds) of the Company from that in which it presently
finds itself,  and, absent possible sales of stock of Energy Research,  Inc. and
of Nematron Corporation and continuation of the presently existing loans without
call for payment,  or  additional  loans,  from the Globus  family,  the present
liquidity and capital resources  position of the Company  necessarily  adversely
affects  the  financial  condition  of the  Company  and its ability to make new
investments.  In such connection it must be noted that: the  profitability  of a
BDC, like the Company, is largely dependent upon its ability to make investments
and upon increases in the value of its investments; and a BDC is also subject to
a number of risks which are not generally present in an operating  company,  and
which are  discussed  generally  in Item 1 of the  Company's  10K Report for its
fiscal year ended  February  28, 1995,  to which Item  reference is hereby made.
Reference  is also  hereby  made to Item 1 and Item 7 of such  Report and to the
Financial  Statements and notes thereto contained in such Report for information
concerning the Company's investments and its financial condition.




PART II - Other Information

Item 6.   Exhibits and Reports on Form 8K

          (b)  Reports on Form 8-K

               No  reports on Form 8-K have been filed  during the  quarter  for
               which this Report is filed.


<PAGE>


                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

Date:  January 15, 1996



                                                       GLOBUS GROWTH GROUP, INC.
                                                                    (Registrant)



                                                               STEPHEN E. GLOBUS
                                                          Chairman of the Board,
                                                   (Principal Executive Officer)



                                                               RICHARD D. GLOBUS
                                                             President, Director