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, 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 forsuch shorter
period that the registrant was required to file such reports), and (2) has
been subject tosuch filing requirements in the past 90 days:

                    Yes      X       No           
                        ----------      ----------
     Indicate the number of shares outstanding for each of the issuer's
classes of Common Stock asof the last practical date:

     At June 30, 1993, there were 49,949,915 shares of common stock at
$0.001 par valueoutstanding. <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, 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 June 30, 
1993, the required filing date of the report.

<PAGE>
                                ASDAR GROUP
                               Balance Sheets
               June 30, 1993 (Unaudited) and December 31, 1992
<TABLE>
<CAPTION>
                                            (Unaudited)
                                                  June    December 
                                              30, 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 Period Ended June 30, 1993 and 1992
             the Six Month Period Ended June 30, 1993 and 1992
<TABLE>
<CAPTION>
                             For the Three             For the Six      
                              Months Ended             Months Ended     
                           June         June        June         June 
                       30, 1993     30, 1992    30, 1993     30, 1992 
                     -----------  ----------- -----------  -----------
<S>                  <C>          <C>         <C>          <C>        
Revenues             $      -0-   $      -0-  $      -0-   $      -0- 
--------             -----------  ----------- -----------  -----------
Expenses
--------
  Loss on Disposal 
    of Assets               -0-      281,357         -0-      281,357 
  Professional Fees         -0-       17,433         -0-       17,433 
  Rent                      -0-          555         -0-          555 
  General & 
    Administrative 
    Expenses                -0-        1,274         125        1,374 
  Depreciation              -0-        1,015         -0-        2,030 
                     -----------  ----------- -----------  -----------
     Total Expenses         -0-      301,634         -0-      302,749 
                     -----------  ----------- -----------  -----------
     Net (Loss)      $     (-0-)  $ (301,634) $     (125)  $ (302,749)
                     ===========  =========== ===========  ===========
     (Loss) Per 
     Share           $     (.00)  $     (.01) $     (.00)  $    (.01) 

     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, 1993 & 1992
                          to June 30, 1993 & 1992
<TABLE>
<CAPTION>
                                                  1993        1992 
                                            ----------- -----------
<S>                                         <C>         <C>        
Cash Flows from Operating Expenses
----------------------------------
  Net (Loss)                                $     (125) $ (302,749)
  Adjustments to Reconcile Net Loss to 
  Net Cash Used by Operating Activities: 
   Loss on Disposal of Assets                      -0-     281,357 
   Depreciation                                    -0-       2,030 
  Changes in Operating Liabilities:
     Increase (Decrease) in Accounts 
       Payable                                     100     (10,592)
     Increase in Notes Payable                     -0-      29,900 
                                            ----------- -----------
       Net Cash Provided (Used) by 
       Operating Activities                        (25)        (54)

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)        (54)
                                            ----------- -----------
     Cash at Beginning of Period                    25         219 
                                            ----------- -----------
     Cash at End of Period                  $      -0-  $      165 
                                            =========== ===========
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 periods ending June 30, 1993,
are not necessarily 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 active 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.  As reported in the Company's June 8-K filed May 3, 
1993 Judge Heep denied the Company's motion to approve its 
previously announced settlement in the Adams V. Sindler class action
lawsuit. 

<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. . . . . . . . . . . . . . . . 
         (a)  None 
         (b)  The Company filed a current report on Form 8-K dated May 3,
              1993 to report certain litigation matters. 





<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. 



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