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. 
               MARCH 31, 1993                              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 March 31, 1993, 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 March 31, 
1993, 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 March 31, 1993, the required 
filing date of the report.

<PAGE>
                                    ASDAR GROUP
                                   Balance Sheets
                  March 31, 1993 (Unaudited) and December 31, 1992
<TABLE>
<CAPTION>
                                         (Unaudited)
                                              March     December 
                                           31, 1993     31, 1992 
                                         -----------  -----------
<S>                                      <C>          <C>        
                                       ASSETS
Current Assets
--------------
  Cash                                   $      -0-   $       25 

     Total Assets                        $      -0-   $       25 
                                         ===========  ===========
                        LIABILITIES & STOCKHOLDERS' EQUITY 
Current Liabilities
-------------------
  Accounts Payable                       $      200   $      100 
                                         -----------  -----------
     Total Liabilities                          200          100 

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                    (4,162,933)  (4,162,808)
                                         -----------  -----------
     Total Stockholders' Equity                (200)        ( 75)
                                         -----------  -----------
     TOTAL LIABILITIES & 
     STOCKHOLDERS' EQUITY                $      -0-   $       25 
                                         ===========  ===========
</TABLE>
                    The accompanying notes are an integral part
                           of these financial statements<PAGE>
                                    ASDAR GROUP
                        Statements of Operations (Unaudited)
             For the Three Month Periods Ended March 31, 1993 and 1992
<TABLE>
<CAPTION>     

                                      For the Three Months Ended 
                                              March        March 
                                           31, 1993     31, 1992 
                                         -----------  -----------
<S>                                      <C>          <C>
Revenues                                 $      -0-   $      -0- 
--------                                 -----------  -----------
Expenses
--------
  Other                                         125          100 
  Depreciation                                  -0-        1,015 
                                         -----------  -----------
     Total Expenses                             125        1,115 
                                         -----------  -----------
     Net (Loss)                          $     (125)  $   (1,115)
                                         ===========  ===========
     (Loss) Per Share                    $     (.00)  $     (.00)

     Weighted Average 
     Shares Outstanding                  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, 1993 & 1992 to March 31, 1993 & 1992
<TABLE>
<CAPTION>
                                               1993         1992 
                                         -----------  -----------
<S>                                      <C>          <C>        
Cash Flows from Operating Expenses
----------------------------------

  Net (Loss)                             $     (125)  $   (1,115)
  Adjustments to Reconcile Net Loss to 
  Net Cash Used by Operating Activities: 
   Depreciation                                 -0-        1,015 
  Changes in Operating Assets & 
   Liabilities:
     Increase (Decrease) in Accounts 
     Payable                                    100          100 
                                         -----------  -----------
     Net Cash Provided (Used) by 
     Operating Activities                       (25)         -0- 

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                (25)         -0- 
                                         -----------  -----------
     Cash at Beginning of Period                 25          219 
                                         -----------  -----------
     Cash at End of Period               $      -0-   $      219 
                                         ===========  ===========
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  month period ending March 31, 1993,
are not necessary indicative of the results that may be expected for
the year ended December 31, 1993. 

   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, 1992.


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.  If there were any cost associated 
with such attempts they were minimal and no expenses were incurred 
by the Company.  The Company's Secretary has abandoned attempts by the 
Company to make any acquisitions due to the recent behavior of the 
Company's President as set forth in the Company's Form 8-K dated March 
29, 1993.


<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

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