SECURITIES & EXCHANGE COMMISSION
                               Washington, D.C. 20549

                                     FORM 10-Q
                   Annual Report Pursuant to Section 13 or 15 (d)
                       of the Securities Exchange Act of 1934

             For the Quarter Ended                     Commission File No. 
                SEPTEMBER 30, 1994                         0-13597              

                                    ASDAR GROUP

                NEVADA                                     88-0195105      
   (State or other jurisdiction of                       (IRS Employer     
     incorporation or organization)                     Identification No.)

                                2124 GLASGOW AVENUE
                             CARDIFF, CALIFORNIA 92007
                      (Address of Principal Executive Offices)

Registrant's telephone number including area code:  (619) 792-7300   

Former Address: 1500 East Tropicana Avenue, #110 Las Vegas, Nevada 89119

     Indicate by checkmark 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 in the past 90 days:

                    Yes              No      X    
                        ----------      -----------

     Indicate the number of shares outstanding for each of the issuer's 
classes of Common Stock as of the last practical date:

     At September 30, 1994, there were 49,949,915 shares of common stock at 
$0.001 par value outstanding. <PAGE>
                                    ASDAR GROUP
                                 TABLE OF CONTENTS

PART I    FINANCIAL STATEMENTS

     ITEM 1    FINANCIAL STATEMENTS (Unaudited)

          Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . .3

          Statements of Operations . . . . . . . . . . . . . . . . . . . .4

          Statements of Cash Flows . . . . . . . . . . . . . . . . . . . .5

          Notes to Financial Statements. . . . . . . . . . . . . . . . . .6

          ITEM 2    MANAGEMENT'S DISCUSSION AND FINANCIAL  CONDITION
                    AND RESULTS OF OPERATIONS. . . . . . . . . . . . . . .6

PART II   OTHER INFORMATION. . . . . . . . . . . . . . . . . . . . . . . .7

               SIGNATURES  . . . . . . . . . . . . . . . . . . . . . . . .8

          This report on Form 10-Q is for the period ended September 
30, 1994, however the report has been filed with the Securities & 
Exchange Commission in June 1997.  To the extent practicable,
the disclosure contained has been prepared to speak as of 
September 30, 1994, the required filing date of the report.

<PAGE>
                                    ASDAR GROUP
                                   Balance Sheets
                September 30, 1994 (Unaudited) and December 31, 1993
<TABLE>
<CAPTION>
                                         (Unaudited)
                                          September     December 
                                           30, 1994     31, 1993 
                                         -----------  -----------
<S>                                      <C>          <C>        

                                       ASSETS
Current Assets                           $      -0-   $      -0- 
--------------                           -----------  -----------
     Total Assets                        $      -0-   $      -0- 

                        LIABILITIES & STOCKHOLDERS' EQUITY 
Current Liabilities
-------------------
  Accounts Payable                       $   45,300   $      200 
                                         -----------  -----------
     Total Liabilities                       45,300          200 

Stockholders' Equity
--------------------
  Common Stock 50,000,000 Shares 
   Authorized, at $0.001 Par Value, 
   49,949,915 Shares Issued & 
   Outstanding                               49,949       49,949 
  Paid In Capital                         4,311,951    4,311,951 
  Treasury Stock                           (199,167)    (199,167)
  Accumulated Deficit                    (4,208,033)  (4,162,933)
                                         -----------  -----------
     Total Stockholders' Equity             (45,300)        (200)
                                         -----------  -----------
     TOTAL LIABILITIES & 
     STOCKHOLDERS' EQUITY                $      -0-   $      -0- 
                                         ===========  ===========
</TABLE>
                    The accompanying notes are an integral part
                           of these financial statements<PAGE>
                                    ASDAR GROUP
                        Statements of Operations (Unaudited)
            For the Three Month Period Ended September 30, 1994 and 1993
              the Nine Month Period Ended September 30, 1994 and 1993
<TABLE>
<CAPTION>
                           For the Three             For the Nine     
                            Months Ended             Months Ended 
                      September    September   September    September 
                       30, 1994     30, 1993    30, 1994     30, 1993 
                     -----------  ----------- -----------  -----------
<S>                  <C>          <C>         <C>          <C>        
Revenues             $      -0-   $      -0-  $      -0-   $      -0- 

Expenses
--------
  Consulting Fees        15,000          -0-         -0-          -0- 
  General & 
   Administrative 
   Expenses                 -0-          -0-      45,100          125 
                     -----------  ----------- -----------  -----------
     Total Expenses      15,000          -0-      45,100         125  

     Net  (Loss)     $ (15,000)   $      -0-  $  (45,100)  $     (125)
                     ===========  =========== ===========  ===========
     (Loss) Per 
     Share           $     (.00)  $     (.00) $     (.00)  $     (.00)

     Weighted 
     Average 
     Shares 
     Outstanding     49,949,915   49,949,915  49,949,915   49,949,915 



</TABLE>
                    The accompanying notes are an integral part
                           of these financial statements<PAGE>
                                    ASDAR GROUP
                        Statements of Cash Flows (Unaudited)
                       For the Periods January 1, 1994 & 1993
                            to September 30, 1994 & 1993
<TABLE>
<CAPTION>
                                               1994         1993 
                                         -----------  -----------
<S>                                      <C>          <C>        
Cash Flows from Operating Expenses
----------------------------------
  Net (Loss)                             $  (45,100)  $     (125)
  Changes in Operating Liabilities:
     (Increase) Decrease in Accounts 
       Payable                               45,100          100 
                                         -----------  -----------
     Net Cash Provided (Used) by 
     Operating Activities                       -0-          (25)
                                         -----------  -----------
Cash Flows From Investing Activities            -0-          -0- 
------------------------------------     -----------  -----------
     Net Cash Provided (Used) by 
     Investing Activities                       -0-          -0- 
                                         -----------  -----------
Cash Flows from Financing Activities            -0-          -0- 
------------------------------------     -----------  -----------
     Net Cash Provided (Used) by 
     Financing Activities                       -0-          -0- 
                                         -----------  -----------
     Increase (Decrease) in Cash                -0-          (25)
                                         -----------  -----------
     Cash at Beginning of Period                -0-           25 
                                         -----------  -----------
     Cash at End of Period               $      -0-   $      -0- 
                                         ===========  ===========
Disclosures from Operating Activities
-------------------------------------
  Interest                               $      -0-   $      -0- 
  Taxes                                         -0-          -0- 

</TABLE>
                    The accompanying notes are an integral part
                           of these financial statements<PAGE>
                                    ASDAR GROUP 
                     Notes to Financial Statements (Unaudited)

ITEM I

NOTE #1 - Basis of Presentation
-------------------------------
     The accompanying unaudited financial statements have been 
prepared in accordance with generally accepted accounting principles 
for interim financial information and with the instructions to Form 
10-Q and Rule 10-01 of Regulation S-X.  Accordingly, they do not 
include all of the information and footnotes required by generally 
accepted accounting principles for complete financial statements.  
In the opinion of management, adjustments (consisting of normal 
recurring accruals) considered necessary for a fair presentation 
have been included.  Operating results for the three  and nine 
month periods ending September 30, 1994, are not necessarily
indicative of the results that may be expected for the year ended 
December 31, 1994.  For further information, refer to the financial 
statements and footnotes thereto included in the Company's annual 
report on Form 10-K for the year ended December 31, 1993.


ITEM II 

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

Liquidity & Capital Resources
-----------------------------
     The Company has been inactive for the current year and has no 
assets with which to conduct business.  The Company is dependent 
upon its officers or shareholders for cash for any purpose.

Results Of Operations
---------------------
     The Company had no operations other than management attempts 
to make an acquisition.  The Company has accrued $5,000 per month 
since January 1, 1994, payable to its Secretary for services in its 
acquisition attempts. 
<PAGE>
                            PART II - OTHER INFORMATION
                            ---------------------------

Item 1   Legal Proceedings . . . . . . . . . . . . . . . . . . . .  None 

Item 2   Changes in the Rights of the Company's Security Holders .  None 

Item 3   Defaults by the Company on its Senior Securities. . . . . .None 

Item 4   Results of Votes of Security Holders. . . . . . . . . . . .None 

Item 5   Other Information . . . . . . . . . . . . . . . . . . . . .None 

Item 6   Exhibits and Reports on Form 8-K. . . . . . . . . . . . . .None 






<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. 




                                          ASDAR GROUP
Date: June 19, 1997                    By:/s/ Nicholas F. Coscia
      ----------------------              --------------------
                                           Nicholas F. Coscia
                                           Secretary & Chief 
                                           Accounting Officer