EDUTREK INT INC
3, 1997-12-15
EDUCATIONAL SERVICES
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<PAGE>   1
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 FORM 3                                                                        
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                    U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC 20549

            INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f)
                     of the Investment Company Act of 1940


<TABLE>
<S>                                        <C>                           <C>                                 <C>                 
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 1. Name and Address of Reporting Person*  2. Date of Event Requiring    4. Issuer Name and Ticker or        6. If Amendment, Date 
 Farquharson    Donald          M.            Statement                     Trading Symbol                      of Original
- ----------------------------------------      (Month/Day/Year)           EduTrek International, Inc. / EDUT     (Month/Day/Year)
     (Last)     (First)     (Middle)                                     ----------------------------------
                                                   12/05/97
3340 Peachtree Road, NE, Suite 2000        ----------------------------  5. Relationship of Reporting        -----------------------
- ----------------------------------------   3. IRS Identification            Person to Issuer                 7. Individual or Joint/
             (Street)                         Number of Reporting           (Check all applicable)              Group Filing (Check
     Atlanta      Georgia      30326          Person, if an Entity         X   Director          10% Owner      applicable line)
- ----------------------------------------      (Voluntary)                -----            -----                X    Form filed by
      (City)      (State)      (Zip)       ----------------------------    X   Officer           Other       -----  One Reporting
                                                                         ----- (give      -----  (specify           Person
                                                                               title below)      below)             Form filed by
                                                                         Executive Vice President and        -----  More than One
                                                                              Chief Revenue Officer                 Reporting Person
                                                                         ----------------------------------  
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                                      TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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 1. Title of Security                         2. Amount of Securities         3. Ownership Form:         4. Nature of Indirect     
    (Instr. 4)                                   Beneficially Owned              Direct (D) or              Beneficial    
                                                 (Instr. 4)                      Indirect (I)               Ownership (Instr. 4)
                                                                                 (Instr. 5)                 
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Class A Common Stock                               100                               D
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*If the Form is filed by more than one Reporting Person, see Instruction 5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.                   (Over)
                                                   (Print or Type Responses)                  
</TABLE>
                 
<PAGE>   2
 
<TABLE>
<CAPTION>
 
FORM 3 (CONTINUED)               TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
                            (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
 
<S>                              <C>                <C>                            <C>           <C>         <C>        
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1. Title of Derivative Security  2. Date            3. Title and Amount of         4. Conver-    5. Owner-   6. Nature of Indirect
   (Instr. 4)                       Exercisable and    Securities Underlying          sion or       ship        Beneficial Ownership
                                    Expiration Date    Derivative Security            Exercise      Form of     (Instr. 5)          
                                    (Month/Day/        (Instr. 4)                     Price of      Deriv-                         
                                    Year)                                             Deri-         ative                          
                                                                                      vative        Security:                      
                                                                                      Security      Direct                         
                                 -------------------------------------------------                  (D) or                         
                                 Date      Expira-                       Amount or                  Indirect                      
                                 Exercis-  tion             Title        Number                     (I)                   
                                 able      Date                          of Shares                  (Instr.                     
                                                                                                    5)                             
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Stock option                     (1)    09/23/07   Class A Common Stock   60,000        $14.00       D
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Explanation of Responses:
(1) The options vests as to 12,000 shares on the date of grant (9/23/97) and on each of the first, second, third and fourth 
    anniversary dates of the date of grant.

                                                                                /s/ Donald Farquharson                 12/15/97
**Intentional misstatements or omissions of facts constitute Federal Criminal   -------------------------------   ------------------
  Violations.  See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).                        **Signature of Reporting Person          Date

Note. File three copies of this form, one of which must be manually signed.                                                Page 2
  If space provided is insufficient, See Instruction 6 for procedure.                                                      
                                                                                                                                 
                                                     (Print or Type Responses)
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