UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-23C-1
STATEMENT BY REGISTERED CLOSED-END
INVESTMENT COMPANY WITH RESPECT TO PURCHASES OF ITS OWN
SECURITIES PURSUANT TO RULE N-23C-1 DURING THE LAST CALENDAR MONTH
(See rules and instructions on back of this form. If acknowledgment is
desired, file this form with the Commission in triplicate)
REPORT FOR CALENDAR MONTH ENDING August 31, 1996
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EQUITEX, INC.
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(Name of registered closed-end investment company)
<TABLE>
========================================================================================================
<CAPTION>
Approximate Asset
Date of Number of Price Value or Approximate Name of Seller
Each Identification Shares Per Asset Coverage Per Share or of
Transaction of Security Purchased Share at Time of Purchase Seller's Broker
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
8/22/96 Common Stock 16,000 $3.25 $4.05 Corporate Securities Group
========================================================================================================
</TABLE>
REMARKS:
EQUITEX, INC.
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Name of Registrant
/S/ THOMAS B. OLSON
By -----------------------------------
(Name)
CORPORATE SECRETARY
-----------------------------------
(Title)
Date of Statement: SEPTEMBER 10, 1996
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