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, 1995                         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, 1995, 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, 1995, 
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, 1995, 
the required filing date of the report.
<PAGE>
                                    ASDAR GROUP
                                   Balance Sheets
                  March 31, 1995 (Unaudited) and December 31, 1994
<TABLE>
<CAPTION>
                                          (Unaudited)
                                               March     December 
                                            31, 1995     31, 1994 
                                          -----------  -----------
<S>                                       <C>          <C>
                                       ASSETS
Current Assets                            $      -0-   $      -0- 
--------------                            -----------  -----------
     Total Assets                         $      -0-   $      -0- 
                                          ===========  ===========
                        LIABILITIES & STOCKHOLDERS' EQUITY 

Current Liabilities
-------------------
  Accounts Payable                        $   75,400   $   60,300 
                                          -----------  -----------
     Total Liabilities                        75,400       60,300 

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                     (4,238,133)  (4,223,033)
                                          -----------  -----------
     Total Stockholders' Equity              (75,400)     (60,300)
                                          -----------  -----------
     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 March 31, 1995 and 1994
<TABLE>
<CAPTION>
                                       For the Three Months Ended 
                                               March        March 
                                            31, 1995     31, 1994 
                                          -----------  -----------
<S>                                       <C>          <C>        
Revenues                                  $      -0-   $      -0- 
--------                                  -----------  -----------
Expenses
--------
  Consulting Fees                             15,000       15,000 
  General & Administrative 
   Expenses                                      100          100 
                                          -----------  -----------
     Total Expenses                           15,100       15,100 
                                          -----------  -----------
     Net (Loss)                           $  (15,100)  $  (15,100)
                                          ===========  ===========
     (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, 1995 & 1994 
                              to March 31, 1995 & 1994
<TABLE>
<CAPTION>
                                                1995         1994 
                                          -----------  -----------
<S>                                       <C>          <C>        
Cash Flows from Operating Expenses
----------------------------------
  Net (Loss)                              $  (15,100)  $  (15,100)
  Changes in Operating Liabilities:
     (Increase) Decrease in Accounts 
     Payable                                  15,100       15,100 
                                          -----------  -----------
     Net Cash Provided (Used) by 
     Operating Activities                        -0-          -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                 -0-          -0- 
                                          -----------  -----------
     Cash at Beginning of Period                 -0-          -0- 
                                          -----------  -----------
     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  month period ending March 31, 1995, are not necessarily indicative
of the results that may be expected for the year ended December 31, 1995.  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, 1994.


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

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