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. 
                  JUNE 30, 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 June 30, 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 June 30, 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 June 30, 1995, the required 
filing date of the report.

<PAGE>
                                    ASDAR GROUP
                                   Balance Sheets
                  June 30, 1995 (Unaudited) and December 31, 1994
<TABLE>
<CAPTION>
                                          (Unaudited)
                                                June     December 
                                            30, 1995     31, 1994 
                                          -----------  -----------
<S>                                       <C>          <C>

                                       ASSETS
Current Assets                            $      -0-   $      -0- 
--------------                            -----------  -----------
     Total Assets                         $      -0-   $      -0- 
                                          ===========  ===========
                        LIABILITIES & STOCKHOLDERS' EQUITY 

Current Liabilities
-------------------
  Accounts Payable                        $   90,400   $   60,300 
                                          -----------  -----------
     Total Liabilities                        90,400       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                     (4,253,133)  (4,223,033)
                                          -----------  -----------
     Total Stockholders' Equity              (90,400)     (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 June 30, 1995 and 1994
                 the Six Month Period Ended June 30, 1995 and 1994
<TABLE>
<CAPTION>
                             For the Three             For the Six      
                              Months Ended             Months Ended     
                           June         June        June         June 
                       30, 1995     30, 1994    30, 1995     30, 1994 
                     -----------  ----------- -----------  -----------
<S>                  <C>          <C>         <C>          <C>
Revenues             $      -0-   $      -0-  $      -0-   $      -0- 
--------             -----------  ----------- -----------  -----------
Expenses
--------
  Consulting Fees        15,000       15,000      30,000       30,000 
  General & 
   Administrative 
   Expenses                 -0-          -0-         100          100 
                     -----------  ----------- -----------  -----------
     Total Expenses      15,000       15,000      30,100       30,100 
                     -----------  ----------- -----------  -----------
     Net (Loss)         (15,000)     (15,000)    (30,100)     (30,100)
                     ===========  =========== ===========  ===========
     (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, 1995 & 1994 
                              to June 30, 1995 & 1994
<TABLE>
<CAPTION>
                                                1995         1994 
                                          -----------  -----------
<S>                                       <C>          <C>        
Cash Flows from Operating Expenses
----------------------------------
  Net (Loss)                              $  (30,100)  $  (30,100)
  Changes in Operating Liabilities:
     (Increase) Decrease in Accounts 
      Payable                                 30,100       30,100 
                                          -----------  -----------
     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 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 and  six month 
period ending June 30, 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 it 
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. Cosica
Date:-----------------            By:  ----------------------------
                                       Nicholas F. Coscia
                                       Secretary & Chief Accounting 
                                       Officer