DRUCKER INDUSTRIES INC
10QSB, 1998-06-08
OIL & GAS FIELD EXPLORATION SERVICES
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               SECURITIES AND EXCHANGE COMMISSION

                      Washington, DC 20549

                           FORM 10QSB


         Quarterly Report under Section 13 or 15(d) of
              the Securities Exchange Act of 1934


                      CIK NO.: 0001042053


For  Quarter  Ended                            Commission File Number
March 31, 1998                                        0-29670


                    DRUCKER INDUSTRIES, INC.
     (Exact name of registrant as specified in its charter)


     Delaware                                      N/A
     (State of incorporation)                      (I.R.S. Employer
                                                   Identification No.)

#1- 1035 Richards Street, Vancouver, B.C. Canada  V6B 3E4
(Address of principal executive offices)          (Postal Code)


Registrant's telephone number, including area code:   (604)681-4421



Indicate by check mark 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  the  filing
requirements for at least the past 90 days.

                         Yes         No   __X_

Indicate  the  number  of shares outstanding  of  each  of  the
issuer's  classes of common stock, as of the latest practicable
date.

                    32,476,250 as of March 31, 1998


<PAGE>

                   DRUCKER INDUSTRIES, INC.
                 (A Development Stage Company)
                        BALANCE SHEETS
             March 31, 1998 and December 31, 1997
                   (Stated in U.S. dollars)
                   (Unaudited - See Note 1)


                            ASSETS               March 31,    December 31,
                                                    1998          1997
                                                      
Current                                               
 Cash and term deposits                          $3,373,155     $3,238,576
 Advances receivable                                 50,737        250,709
                                                      
                                                  3,423,892      3,489,285
Oil and gas projects costs                        1,267,541      1,275,217
                                                      
                                                 $4,691,433     $4,764,502
                                                      
              LIABILITIES AND STOCKHOLDERS' EQUITY

Current                                               
 Accounts payable and accrued expenses           $   90,727     $   86,539
 Advance payable                                          -         50,802
                                                      
                                                     90,727        137,341
                                                      
Stockholders' Equity - Note 2                        
 Common stock $.001 par value, authorized 
 50,000,000 shares:
  32,476,250 shares issued and outstanding           32,115         32,115
 Additional paid-in capital                       6,306,803      6,306,803
 Deficit accumulated during the          
 development stages                              (1,738,212)    (1,711,757)
                                                      
Total stockholders' equity                        4,600,706      4,627,161
                                                      
                                                 $4,691,433     $4,764,502

                         SEE ACCOMPANYING NOTES

<PAGE>                                                      
[CAPTION]
<TABLE>

                   DRUCKER INDUSTRIES, INC.
                 (A Development Stage Company)
                   STATEMENTS OF OPERATIONS
 for the three months ended March 31, 1998 and 1997 and years
            ended December 31, 1997, 1996 and 1995
 and January 1, 1997 (Date of Inception of Development Stage)
                       to March 31, 1998
                   (Stated in U.S. dollars)
                   (Unaudited - See Note 1)


                                                                    January
                                                                    1, 1997
                                                                    (Date of
                                                                    Inception of
             Three months                  Year ended               Development
             Ended March 31,               December 31              Stage) to
                                                                    March 31,
           1998        1997        1997        1996        1995       1998
                                                                
<S>        <C>         <C>         <C>         <C>         <C>        <C>
                                                             
Interest 
income     $( 44,439)  $        -  $(135,266)  $        -  $        - $(179,705)
              
                                                             
General
and                                         
adminis-
trative  
expenses-
Schedule 1     69,534     13,053     247,566        3,118      46,004   317,100       
                                                             
Interest 
expense             -           -          -            -      33,451         -
                                                             
Fiscal 
agent 
fees            1,360           -      3,719            -           -     5,079
                                                             
Dry hole 
expenses-           
Schedule 2          -           -    147,281            -           -   147,281  
                                                             
Explora-
tion 
expenses-           
Schedule 3          -           -    286,514            -           -   286,514
                                                             
Net loss   $( 26,455)  $( 13,053)  $(549,814)  $(  3,118)  $( 79,455) $(576,269)
                                     
                                                             
Net loss 
per share  $(   0.00)  $(   0.00)  $(   0.02)  $(   0.00)  $(   0.00)
                                                             
Weighted 
average
shares
out-
standing   32,476,250  26,934,185  30,167,056  26,554,183  21,575,697 
</TABLE>
                      SEE ACCOMPANYING NOTES

<PAGE>
[CAPTION]
<TABLE>

                   DRUCKER INDUSTRIES, INC.
                 (A Development Stage Company)
        STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIENCY)
 for the three months ended March 31, 1998 and 1997 and years
                    ended December 31, 1989
                   to December 31, 1997 and
    February 4, 1971 (Date of Inception) to March 31, 1998
                   (Stated in U.S. dollars)
                   (Unaudited - See Note 1)

                                                            Deficit      
                                                            Accumulated
                                               Additional   During
                         Common Stock          Paid-in      Development
                     Shares        Amount      Capital      Stages       Total
<S>                     <C>         <C>     <C>         <C>          <C>
                                                        
Shares issued to                                     
 acquire Monetary 
 Metals, Inc.              675,00   $   675 $    (675)  $        -   $        -          
Shares issued to                                     
 acquire net assets 
 of Drucker Sound
 Design Corporation      2,700,000    2,700     65,046           -       67,746
Net loss from                                     
 inception to 
 December 31, 1989               -        -          -  $  (8,115)      (8,115)      
Net loss for year                                     
 ended December 31,
 1990                            -        -          -   (144,333)    (144,333)
Five for one                                     
 forward split of    
 outstanding shares     13,500,000   13,500   (13,500)           -            -
Funds contributed 
 by stockholder                  -        -    124,196           -      124,196
Sale  of units  for                                     
 cash,               
 September 1991          1,050,000    1,050    103,950           -      105,000
Sale of units for                                     
 cash,               
 December 1991             750,000      750     74,250           -       75,000
Shares  issued to 
 settle debts               52,500       53      5,197     (5,250)            -
Shares issued to                                     
 directors as        
 compensation              450,000      450     44,550    (45,000)            -    
Correct funds                                     
 contributed to         
 stockholders                    -        -   (24,990)           -     (24,990)
Interest on note
 payable                         -        -          -     (7,370)      (7,370)
Net loss for year                                     
 ended                        
 December 31, 1991               -        -          -    (38,417)     (38,417)                       
                                                        
Balance, December 31, 
 1991, as previously
 reported               19,177,500   19,178    378,024   (248,485)      148,717

Adjustments to                                     
previously reported 
 amounts:  fiscal                 
 agent fees                      -        -    (18,000)     (7,300)    (25,300)
                                                        
Balance, December 31, 
 1991, as restated      19,177,500   19,178     360,024   (255,785)     123,417
                                                        
Sale of common stock,                                    
 March 1992                700,000      700      69,300           -      70,000
Sale of common stock,                                    
 September 1992            500,000      500      54,500           -      55,000
Net loss for year                                     
 ended    
 December 31, 1992               -        -           -    (78,078)    (78,078)                              

Balance, December 31, 
 1992, as previously  
 reported               20,377,500   20,378     483,824   (333,863)     170,339
Adjustments to                                     
 previously reported
 amounts:
 Fiscal agent fees               -        -    (12,500)    (20,600)    (33,100)
                                
                                                        
Balance, December 31,   20,377,500   20,378     471,324   (354,463)     137,239
 1992, as restated 
</TABLE>                                                        
                           SEE ACCOMPANYING NOTES
                                                      Continued

<PAGE>
[CAPTION]
<TABLE>
                   DRUCKER INDUSTRIES, INC.
                  (A Development Stage Company)
        STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIENCY)
 for the three months ended March 31, 1998 and 1997 and years
       ended December 31, 1989 to December 31, 1997 and
    February 4, 1971 (Date of Inception) to March 31, 1998
                   (Stated in U.S. dollars)
                   (Unaudited - See Note 1)

                                                          Deficit      
                                                          Accumulated     
                                              Additional  During
                          Common Stock        Paid-in     Development
                      Shares        Amount    Capital     Stages         Total
 <S>                   <C>         <C>      <C>         <C>           <C>
                                                        
Balance forward,                                     
 December 31, 1992,
 as restated           20,377,500   20,378     471,324   (354,463)       137,239
Net loss for the                                     
 year ended     
 December 31, 1993              -        -           -   (134,081)     (134,081)
                                                        
Balance, December 31, 
 1993                  20,377,500   20,378     471,324   (488,544)         3,158
                                                        
Adjustment to                                     
 previously reported
 amounts:
  Fiscal agent fees             -        -           -     (27,280)     (27,280)
                                                        
Balance, December 31,                                     
 1993, as restated     20,377,500   20,378     471,324    (515,824)     (24,122)
                                                        
Sale of common stock,
 July, 1994               200,000      200      29,800            -       30,000
                                                        
Fiscal agent fees               -        -     (3,000)            -      (3,000)
                                                        
Net loss for the                                     
 year ended        
 December 31, 1994              -        -           -    (563,546)    (563,546)
                                                        
Balance, December 31, 
 1994                  20,577,500   20,578     498,124  (1,079,370)    (560,668)
                                                        
Shares issued to
 settle debts           5,976,683    5,977     596,739            -      602,716
                                                        
Net loss for the                                     
 year ended   
 December 31, 1995              -        -           -     (79,455)     (79,455)
                                                        
Balance, December 31,  
 1995                  26,554,183   26,555   1,094,863  (1,158,825)     (37,407)
                                                        
Shares  issued to 
 settle debts             380,002      380      37,620            -       38,000
                                                        
Net loss for the                                     
 year ended     
 December 31, 1996              -        -           -      (3,118)      (3,118)
                                                        
Balance, December 31,   
 1996                  26,934,185   26,935   1,132,483  (1,161,943)      (2,525)
                                                        
Net  loss  for  the                                     
 three months ended 
 March 31, 1997                  -        -           -     (13,053)     (13,053)
                                                        
Balance, March 31, 
 1997                  26,934,185   26,935   1,132,483  (1,174,996)     (15,578)                                                  

Sale of common 
 stock, May, 1997       5,179,500    5,180   5,174,320            -    5,179,500
                                                        
Shares  issued  for 
 finder's fee             362,565        -           -            -            -
                                                        
Net loss for the                                     
 nine months ended
 December 31, 1997              -        -           -     (536,761)   (536,761)
                                                        
Balance, December 31,  
 1997                  32,467,250   32,115   6,306,803   (1,711,757)   4,627,161      
                                                        
Net loss for the                                     
 three months ended 
 March 31, 1998                 -        -           -      (26,455)    (26,455)
                                                        
Balance, March 31,      
 1998                  32,476,250  $32,115  $6,306,803  $(1,738,212)  $4,600,706            
</TABLE>                                                        
                          SEE ACCOMPANYING NOTES


<PAGE>
[CAPTION]
<TABLE>
                   DRUCKER INDUSTRIES, INC.
                 (A Development Stage Company)
                    STATEMENTS OF CASH FLOW
for the three months ended March 31, 1998 and 1997 and years ended December 31,
                     1997, 1996 and 1995
  and January 1, 1997(Date of Inception of Development Stage)
                       to March 31, 1998
                   (Stated in U.S. dollars)
                   (Unaudited - See Note 1)
                               
                                                                    
                                                                    January
                                                                    1, 1997
                                                                    (Date of
                                                                    Inception of
                                                                    Development 
                Three months                    Year Ended          Stage) to    
                ended March 31,                 December 31,        March 31
               1998        1997        1997        1996     1995       1998

<S>          <C>         <C>        <C>          <C>       <C>        <C>

Cash flow
from                                         
operating
activities
                 
 Net loss    $ (26,455)  $(13,053)  $ (549,814)  $(3,118)  $(79,455)  $(576,269)
 Adjustments
 to reconcile  
 loss to net
 cash used in
 operations:
  Advance 
  receivable    199,972          -    (250,709)         -          -    (50,737) 
  Accounts    
  payable and 
  accrued 
  expenses        4,188    158,816       84,014    12,118     69,111      88,202
  Advance 
  payable      (50,802)          -            -         -          -    (50,802)  

Net cash 
provided by                                         
(used in) 
operating  
activities      126,903    145,763    (716,509)     9,000   (10,344)   (589,606)
                                                             
Cash flow  
used in                                         
investing 
activities
 Oil and gas                 
 project costs    7,676  (145,763)  (1,224,415)  (50,802)          -   1,216,739     
                                                             
Cash flow from                                                 
financing
activities:
 Proceeds from  
 sale of
 common stock         -          -    5,179,500         -          -   5,179,500
 Due to a 
 related party        -          -            -   (9,000)      9,000           -
 Advance payable      -          -            -    50,802          -           -
                                                             
Net cash 
provided by 
financing 
activities            -          -    5,179,500    41,802      9,000   5,179,500
                                                             
Net increase    
(decrease)  
in cash         134,579          -    3,238,576         -    (1,344)   3,373,155
 Cash, 
 beginning of 
 period       3,238,576          -            -         -      1,344           -
                                                             
Cash and term 
deposits, end   
of period    $3,373,155  $       -  $ 3,238,576  $      -  $       -  $3,373,155         
                                                             

Supplemental Disclosures of Cash Flows:
Stock issued for payment of accounts payable in 1996 $38,000 (1995:  $243,716)
Stock issued for payment of Promissory note in 1995 $359,000
</TABLE>
                  SEE ACCOMPANYING NOTES        

<PAGE>
[CAPTION]
<TABLE>
           
                   DRUCKER INDUSTRIES, INC.
                 (A Development Stage Company)
        SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES
for the three months ended March 31, 1998 and 1997 and years ended December
                    31, 1997, 1996 and 1995
 and January 1, 1997 (Date of Inception of Development Stage)
                       to March 31, 1998
                    (Stated in US Dollars)
                   (Unaudited - See Note 1)


                                                                 January 1,
                                                                 1997
                                                                 (Date of
                                                                 Inception of
                                                                 Development
                      Three months         Year Ended            Stage) to
                     ended March 31,       December 31,          March 31,
                     1998     1997       1997     1996     1995    1998
<S>                <C>       <C>       <C>        <C>      <C>       <C>
                                                             
Accounting 
and audit          $40,015   $ 3,029   $  9,539   $2,745   $ 7,985   $ 49,554      

Consulting          11,135         -     32,185        -    36,000     43,320

Foreign exchange 
(gain) loss            430         -      (778)  (3,138)       (5)      (348)

Franchise tax        1,482         -          -        -         -      1,482

Interest and bank 
charges                 72         -        406        -       146        478

Investor relations     895         -     45,280        -         -     46,175

Legal                1,201    10,024     59,795        -       220     60,996

Office and general   7,225         -     29,776      373     1,362     37,001

Printing               426         -     10,059        -         -     10,485

Promotion              470         -      1,409        -         -      1,879

Rent                 2,113         -      7,376        -         -      9,489

Telephone            2,143         -      6,741        -       296      8,884

Travel               1,927         -     45,778        -         -     47,705

Write-off of
advances                 -         -          -    3,138         -          -
                                                             
                   $69,534   $13,053   $247,566   $3,118   $46,004   $317,100
</TABLE>
                    SEE ACCOMPANYING NOTES                 


<PAGE>
[CAPTION]
<TABLE>

                   DRUCKER INDUSTRIES, INC.
                 SCHEDULE OF DRY HOLE EXPENSES
for the three months ended March 31, 1998 and 1997 and years ended December
                    31, 1997, 1996 and 1995
 and January 1, 1997 (Date of Inception of Development Stage)
                       to March 31, 1998
                    (Stated in US Dollars)
                   (Unaudited - See Note 1)


                                                                   January 1,
                                                                   1997
                                                                   (Date of
                                                                   Inception of
                                                                   Development
                     Three months             Year ended           Stage) to
                     ended March 31,          December 31,         March 31,
Fuxian Concession    1998     1997      1997      1996     1995       1998
<S>                  <C>      <C>      <C>        <C>      <C>      <C>
                                                             
Administration       $    -   $    -   $  3,484   $    -   $    -   $  3,484

Amortization              -        -      2,827        -        -      2,827

Audit                     -        -      1,875        -        -      1,875

Consulting                -        -     10,875        -        -     10,875

Entertainment             -        -      2,347        -        -      2,347

Office supplies           -        -        582        -        -        582

Other                     -        -      4,454        -        -      4,454

Surveying                 -        -    105,625        -        -    105,625

Travel                    -        -     14,713        -        -     14,713

Wages and benefits        -        -        499        -        -        499

                                                             
                     $    -   $    -   $147,281   $    -   $    -   $147,281
</TABLE>                     SEE ACCOMPANYING NOTES
                   


<PAGE>
[CAPTION]
<TABLE>


                   DRUCKER INDUSTRIES, INC.
                 (A Development Stage Company)
               SCHEDULE OF EXPLORATION EXPENSES
for the three months ended March 31, 1998 and 1997 and years ended December
                    31, 1997, 1996 and 1995
 and January 1, 1997 (Date of Inception of Development Stage)
                       to March 31, 1998
                    (Stated in US Dollars)
                   (Unaudited - See Note 1)


                                                                    January 1,
                                                                      1997
                                                                     (Date of
                                                                    Inception of
              Three months      Year ended                          Development                 
                ended           December 31,                          Stage) to 
               March 31      Ninxia      Shaanxi  1997    1996  1995  March 31,
             1998    1997   Concession Concession Total  Total  Total   1998
                                                               
<S>          <C>    <C>    <C>       <C>       <C>       <C>    <C>    <C>

Adminis-
tration      $   -  $   -  $  6,173  $      -  $  6,173  $   -  $   -  $  6,173      


Amortization     -      -     9,573       568    10,141      -           10,141

Audit            -      -     1,875     1,250     3,125      -      -     3,125

Entertain-
ment             -      -     1,463     6,006     7,469      -      -     7,469

Insurance        -      -     5,256         -     5,256      -      -     5,256

Office  
Supplies         -      -     3,950     1,740     5,690      -      -     5,690

Other            -      -       676     2,396     3,072      -      -     3,072

Rental           -      -       918         -       918      -      -       918

Repairs and
maintenance      -      -     1,983         -     1,983      -      -     1,983

Surveying    
and testing      -      -    56,250   101,107   157,357      -      -   157,357

Telephone        -      -     2,242     1,133     3,375      -      -     3,375

Travel           -      -    25,285    22,720    48,005      -      -    48,005

Wages and
benefits         -      -    27,194     6,756    33,950      -      -    33,950
                                                               
             $   -  $   -  $142,838  $143,676  $286,514  $   -  $   -  $286,514
</TABLE>                      SEE ACCOMPANYING NOTES


<PAGE>

                  DRUCKER INDUSTRIES, INC.
                (A Development Stage Company)
                NOTES TO FINANCIAL STATEMENTS
                       March 31, 1998
                  (Stated in U.S. dollars)
                  (Unaudited - See Note 1)


Note 1 Interim Reporting

       These financial statements have not been audited or reviewed. 
       Readers are cautioned that these statements may not be appropriate 
       for their purposes.
       
       While  the  information presented in the accompanying
       interim   three   months  financial   statements   is
       unaudited, it includes all adjustment which  are,  in
       the  opinion  of  management,  necessary  to  present
       fairly  the financial position, results of operations
       and  changes  in financial position for  the  interim
       period presented.

Note 2 Common Stock

       Commitment

       Share Purchase Warrants

       At  March 31, 1998, 5,179,500 share purchase warrants
       are  outstanding.  Each warrant entitles  the  holder
       to  purchase  one additional unit of the  company  at
       $1.50  per unit until September 30, 1998.  Each  unit
       consists of one common share of the company  and  one
       additional   warrant.    Each   additional    warrant
       entitles   the  holder  to  purchase  one  additional
       common  share of the company at $2.00 until September
       30, 1999.

Note 3 Subsequent Event

       The  company entered into a farm-out agreement  dated
       April  1998 to acquire an undivided 20% participating
       interest  in  the  right to explore for  and  exploit
       petroleum  in  a concession located in  West  Gharib,
       Gulf of Suez, Egypt.
       
       The company shall pay:

       - $352,000  within  seven days of the   execution  of
          the agreement

       - pay   20%   of  all  costs  and  expenses  incurred
          subsequent  to  the  execution  of  the  agreement
          related to this concession.

       - 40%  of the costs and expenses associated with  the
          drilling of an exploratory well to a maximum  cost
          to  the  company  of  $600,000;   thereafter,  the
          company  shall pay 20% of all costs  and  expenses
          associated  with any further activity  related  to
          this well

       In  addition,  the company is required to  provide  a
       bank  guarantee of $2,000,000 within  seven  days  of
       the  execution  of  the agreement,  being  40%  of  a
       letter of guarantee.
       
       The  company agrees to pay a finders fee  of  7%  net
       profit  interest from the profits generated from  the
       concession,  after  recovery of all  exploration  and
       development expenditures.
       
       This  agreement  is  subject to ratification  by  the
       Government  of  the  Arab  Republic  of  Egypt,   the
       Exploration Offers Committee of the Egyptian  General
       Petroleum Corporation and regulatory authorities.


<PAGE>

ITEM  2.    MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS


RESULTS OF OPERATIONS FOR THREE MONTH PERIOD ENDED MARCH 31, 1998

The  Company had expenses for the three month period in 1998
of  $69,534 as compared to $13,053 in expenses in  the  1997
period.   There  were no revenues for the  period  in  1997,
however,  interest  income  of $44,439  was  received.   The
Company  recorded a net loss on operations of ($26,455)  for
the  period in 1998 and a net loss of ($13,053) in the  1997
period.   The  Company operating losses may  continue  until
income  can  be  achieved.  While  the  Company  is  seeking
additional  capital  sources for  investment;  there  is  no
assurance  that  sources  can be  found,  and  there  is  no
assurance that its oil and gas exploration efforts in  China
will be productive.

LIQUIDITY AND CAPITAL RESOURCES

The Company had $3,373,155 in cash capital at the end of the
period.   Such  capital  will  be  used  for  oil  and   gas
exploration   in   China  in  the  following   quarter   and
thereafter.   The  investment in  oil  and  gas  exploration
projects   in  China  of  $1,267,541  is  illiquid.    Total
liabilities were $90,727 at period end.


                  PART II - OTHER INFORMATION

ITEM 1.    LEGAL PROCEEDINGS

 None

ITEM 2.    CHANGES IN SECURITIES

 None

ITEM 3.    DEFAULT UPON SENIOR SECURITIES

 None

ITEM  4.   SUBMISSION  OF MATTERS TO A  VOTE  OF  SECURITY HOLDERS

 None

ITEM 5.    OTHER INFORMATION


       The  company entered into a farm-out agreement  dated
       April  1998 to acquire an undivided 20% participating
       interest  in  the  right to explore for  and  exploit
       petroleum  in  a concession located in  West  Gharib,
       Gulf of Suez, Egypt.
       
       The company shall pay:

       - $352,000 within seven days of the execution of  the
          agreement

       - pay   20%   of  all  costs  and  expenses  incurred
          subsequent  to  the  execution  of  the  agreement
          related to this concession.

       - 40%  of the costs and expenses associated with  the
          drilling of an exploratory well to a maximum  cost
          to   the  company  of  $600,000;  thereafter,  the
          company  shall pay 20% of all costs  and  expenses
          associated  with any further activity  related  to
          this well

<PAGE>

       In  addition,  the company is required to  provide  a
       bank  guarantee of $2,000,000 within  seven  days  of
       the  execution  of  the agreement,  being  40%  of  a
       letter of guarantee.
       
       The  company agrees to pay a finders fee  of  7%  net
       profit  interest from the profits generated from  the
       concession,  after  recovery of all  exploration  and
       development expenditures.
       
       This  agreement  is  subject to ratification  by  the
       Government  of  the  Arab  Republic  of  Egypt,   the
       Exploration Offers Committee of the Egyptian  General
       Petroleum Corporation and regulatory authorities.


ITEM 6.    EXHIBITS AND REPORTS ON FORM 8-K

           No  reports on Form 8-K were made for the  period
           for which this report is filed.




                    DRUCKER INDUSTRIES, INC.
                 (A Development Stage Company)


                           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.



                          DRUCKER INDUSTRIES, INC.



Date: June 2, 1998        /s/Ernest Cheung
                          Ernest Cheung, Secretary

<PAGE>



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