Exhibit 14


                                 Code of Ethics

                                       for

           Principal Executive Officers and Senior Financial Officers


It is the  policy  of  American  United  Global,  Inc.  ("AUGI")  that the Chief
Executive Officer,  each other principal executive officer,  the Chief Financial
Officer,  Chief Accounting Officer,  Corporate Controller and Controller of each
of AUGI's operating  divisions  adhere to and advocate the following  principles
governing  their  professional  and ethical  conduct in the fulfillment of their
responsibilities:

     1. Act at all times in accordance  with AUGI's Code of Ethics for Principal
Executive  Officers  and Senior  Financial  Officers  and all other  current and
future policies  governing the conduct of AUGI's  principal  executive or senior
financial officers.

     2. Assure accuracy of SEC Reports.  As a public company,  AUGI files annual
and periodic  reports and makes other filings with the  Securities  and Exchange
Commission  (the  "SEC").  It is  critical  that  these  reports  be timely  and
accurate.  The  officers  who have a role in the  preparation  and/or  review of
information included in AUGI's SEC filings to report such information accurately
and honestly.  Reports and  documents  AUGI files with or submits to the SEC, as
well as other public  communications  made by AUGI,  should contain full,  fair,
accurate, timely and understandable disclosure

     3. Act at all times with honesty, integrity and independence.

     4. Always act in good faith, with due care and diligence.

     5. Avoid  actual or apparent  conflicts  of interest in both  personal  and
professional  relationships,  always  distinguishing  between personal,  private
interests and those interests of AUGI,  including the use of company property or
the  receipt of  personal  benefits.  Company  information,  company  assets and
company opportunities should not be exploited for personal gain.

     6. Comply  with all  federal,  state,  local and  foreign  laws,  rules and
regulations applicable to business conduct,  including (but not limited to) laws
relating to securities, competition, health, safety and the environment.

     7. Respect the  confidentiality  of  information  acquired in the course of
performing  one's  duties  and  responsibilities,  except  where  disclosure  is
authorized or otherwise  legally required.  Do not use confidential  information
acquired in the course of business for personal advantage.

     8. Promptly bring to the attention of the Audit  Committee any  information
he or she may have  concerning  (a)  significant  deficiencies  in the design or
operation of internal  controls which could  adversely  affect AUGI's ability to
record,  process,  summarize and report financial data or (b) any fraud, whether
or not  material,  that  involves  management  or  other  employees  who  have a
significant  role  in  AUGI's  financial  reporting,   disclosures  or  internal
controls.

     9. Avoiding corporate opportunities. The Chief Executive Officer, principal
executive officers, Senior Financial Officers and Directors are prohibited from:
(a) taking for themselves  personally  opportunities related to AUGI's business;
(b) using AUGI's  property,  information,  or position for personal gain; or (c)
competing with AUGI for business  opportunities;  provided,  however,  if AUGI's
disinterested  Directors  determine that AUGI will not pursue such  opportunity,
after  disclosure of all material facts by the individual  seeking to pursue the
opportunity, the individual may do so.

<PAGE>

     10. Maintain fair dealing. The Chief Executive Officer, principal executive
officers, Senior Financial Officers and Directors should deal fairly with AUGI's
customers,  suppliers,  competitors  and employees.  It is the policy of AUGI to
prohibit  any  person  from  taking   unfair   advantage   of  another   through
manipulation, concealment, abuse of privileged information, misrepresentation of
material facts or any other unfair dealing practice.

     11. Refrain from engaging in illicit transactions in AUGI's publicly traded
securities.  Directors,  officers, and employees who have access to confidential
information  relating to AUGI are not permitted to use or share that information
for stock trading purposes or for any other purpose except the conduct of AUGI's
business.   All   non-public   information   about  AUGI  should  be  considered
confidential  information.  To use non-public information for personal financial
benefit or to "tip" others who might make an investment decision on the basis of
this  information is not only  unethical and against  Company policy but is also
illegal.  Directors,  officers,  and  employees  also should comply with insider
trading  standards and  procedures  adopted by AUGI. If a question  arises,  the
director, officer or employee should consult AUGI's C.F.O.

     12.  Communicate  this  Code of  Ethics at least  annually  throughout  all
financial  departments,   and  proactively  promote  ethical  behavior  and  the
importance  of  adhering  to the  spirit as well as the  letter of the law among
subordinates and peers.

     13.  Subject  at all times to the  provisions  of AUGI's  confidential  and
anonymous  complaint  process,  which  goes  directly  to the  Audit  Committee,
promptly  report any violations or suspected  violations of this Code of Ethics,
or any  unethical  behavior  encompassed  by this Code,  to the Chief  Executive
Officer,  with a copy to the  Audit  Committee  of the Board of  Directors,  for
internal investigation and any appropriate remedial action

     14.  Violations,  failure  to  report  apparent  violations,   covering  up
violations or apparent violations,  retaliating against or disciplining a person
for reporting a violation or apparent violation, or obstructing an investigation
of an alleged or apparent  violation will  constitute  grounds for  disciplinary
action, including possible termination of employment. If there are any questions
involving  application  of this Code of Ethics,  guidance  should be sought from
AUGI's legal counsel.

     AUGI will  waive  application  of this  Code of  Ethics,  if ever,  only in
limited  situations where  circumstances  warrant,  and then only in conjunction
with appropriate monitoring and controls. Changes in and waivers of this Code of
Ethics  may be made only by the Board or by the Audit  Committee,  based on full
disclosure  of all  relevant  facts,  and will be  disclosed  as required  under
applicable law and regulations.

     It is also the Policy of AUGI that the Chief Executive  Officer,  each Vice
President,  the Chief Financial  Officer,  Chief Accounting  Officer,  Corporate
Controller  and  Controller of each of AUGI's  operating  divisions  acknowledge
receipt of and certify their willingness to adhere to the foregoing annually and
file a copy of such certification with the Audit Committee of the Board.

     The Audit Committee shall have the power to monitor,  make  determinations,
and  recommend  action to the Board with respect to the  administration  of this
Policy or the violation thereof.


<PAGE>



                                 CODE OF ETHICS

                   ACKNOWLEDGMENT OF RECEIPT OF CODE OF ETHICS

This  is to  acknowledge  that I have  received  a copy of the  American  United
Global, Inc. ("AUGI") Code of Ethics dated ______,  2004, and understand that it
contains important  information on the policies of AUGI and on my obligations as
an executive officer and/or director.

I will familiarize  myself with the Code of Ethics,  and I understand that as an
executive  officer and/or director of AUGI, I am governed by its contents.  If I
do not  understand  any  portion  of the  Code of  Ethics  I will  speak  to the
appropriate person in the Legal Affairs Department for clarification.

From time to time,  circumstances  may require that the  policies and  practices
described in the Code of Ethics be changed. Accordingly, AUGI reserves the right
to modify, supplement or rescind any provision of the Code of Ethics as it deems
necessary.  When new  policies are added or existing  policies are changed,  the
most recent policy shall prevail.


_____________________
Name (print)

_____________________
Title

_____________________
Signature


Date:

(PLEASE SIGN AND RETURN ONE COPY OF THIS ACKNOWLEDGMENT TO LEGAL AFFAIRS)