GROUP V CORP
4, 1997-08-11
MISCELLANEOUS AMUSEMENT & RECREATION
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 4

                  Statement of Changes in Beneficial Ownership


1)       Name and Address of Reporting Person:

         NuVen Advisors Inc., 4001 South Decatur, #399, Las Vegas, NV  89103

2)       Issuer Name and Ticker or Trading Symbol:

         Group V Corporation (GRPV)

3)       IRS Number of Reporting Person (voluntary)

4)       Statement for Month/Year:

         June, 1997

5)       If Amendment, Date of Original ( Month/Year):

         Not Applicable

6)       Relationship of Reporting Person to Issuer:

               Director         Officer (give title below)         10% Owner

           X   Other (specify below)

                  Affiliate

<TABLE>
<CAPTION>

 Table I -Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security     2. Transaction Date       3. Transaction Code         4. Securities Acquired (A) or
                                                                                  Disposed (D)
- --------------------     -------------------       -----------------------     ----------------------------------------
                                                       Code           V           Amount        (A) or (D)       Price
                                                   ------------   --------     ----------       ----------    ---------
<S>                      <C>                       <C>            <C>          <C>              <C>           <C>

$.01 par value                   07/08/97                                         20,000             D        $.18
common stock
$.01 par value                   07/08/97                                         10,000             D        $.19
common stock

</TABLE>

                                                   [NUVENADV\FORM4:JULY1997.GPV]

                                                         1

<PAGE>

<TABLE>
<CAPTION>

1. Title of Security     2. Transaction Date       3. Transaction Code         4. Securities Acquired (A) or
                                                                                  Disposed (D)
- --------------------     -------------------       -----------------------     ----------------------------------------
                                                       Code           V           Amount        (A) or (D)       Price
                                                   -----------    --------     -----------      ----------    ---------
<S>                      <C>                       <C>            <C>          <C>              <C>           <C>

$.01 par value                   07/08/97                                         10,000             D        $.17
common stock

$.01 par value                   07/08/97                                         140,000            D        $.16
common stock

$.01 par value                   07/08/97                                         10,000             D        $.165
common stock

$.01 par value                   07/08/97                                         25,000             D        $.16
common stock

$.01 par value                   07/08/97                                         15,000             D        $.16
common stock

$.01 par value                   07/10/97                                         20,000             D        $.19
common stock

$.01 par value                   07/10/97                                         55,000             D        $.17
common stock

$.01 par value                   07/10/97                                         25,000             D        $.19
common stock

$.01 par value                   07/10/97                                         15,000             D        $.19
common stock

$.01 par value                   07/17/97                                         25,000             D        $.19
common stock

$.01 par value                   07/17/97                                         100,000            D        $.19
common stock

$.01 par value                   07/29/97                                         45,000             D        $.15
common stock

$.01 par value                   07/29/97                                         10,000             D        $.175
common stock

$.01 par value                   07/29/97                                         20,000             D        $.17
common stock

$.01 par value                   07/30/97                                         25,000             D        $.14
common stock

$.01 par value                   07/30/97                                          5,000             D        $.155
common stock

$.01 par value                   07/30/97                                         20,000             D        $.15
common stock

$.01 par value                   07/31/97                                         25,000             D        $.16
common stock

</TABLE>

                                                   [NUVENADV\FORM4:JULY1997.GPV]

                                        2

<PAGE>

<TABLE>
<CAPTION>

1. Title of Security     2. Transaction Date       3. Transaction Code         4. Securities Acquired (A) or
                                                                                  Disposed (D)
- ---------------------    -------------------       ------------------------     ---------------------------------------
                                                       Code           V           Amount        (A) or (D)       Price
                                                   ------------  ----------     ----------      ----------    ---------
<S>                      <C>                       <C>           <C>            <C>             <C>           <C>

$.01 par value                   07/31/97                                         25,000             D        $.155
common stock

$.01 par value                   07/31/97                                         25,000             D        $.16
common stock

$.01 par value                   07/31/97                                         10,000             D        $.155
common stock

$.01 par value                   07/31/97                                         15,000             D        $.155
common stock

$.01 par value                   07/31/97                                         50,000             D        $.16
common stock

$.01 par value                   07/31/97                                         25,000             D        $.16
common stock
                                                                                  770,000
                                                                                  =======

</TABLE>

5.       Amount of Securities Beneficially Owned at End of Month

         1,792,180

6.       Ownership Form:            Direct (D) or Indirect (I)

         D

7.       Nature of Indirect Beneficial Ownership

         Not Applicable

                                                   [NUVENADV\FORM4:JULY1997.GPV]

                                                         3

<PAGE>

  Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
         (e.g. , puts, calls, warrants, options, convertible securities)

<TABLE>
<CAPTION>

1.  Title of             2. Conversion        3. Transaction      4. Transaction        5. Number of Derivative
   Derivative               of Exercise          Date                Code                  Securities Acquired (A)
   Security                 Price of                                                       or Disposed (D)
                            Derivative
                            Security
- --------------           ---------------      ---------------     -------------------   ----------------------------
                                                                    Code         V            (A)               (D)
                                                                  --------    -------   ---------------  -----------

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


</TABLE>

6.       Date Exercisable and Expiration Date (Month/Day/Year)

         N/A

7.       Title and Amount of Underlying Securities

         N/A

8.       Price of Derivative Security

         N/A

9.       Number of Derivative securities Beneficially Owned at End of Month

         N/A

10.      Ownership Form of Derivative Security: Direct (D) or Indirect (I)

         D

11.      Nature of Indirect Beneficial Ownership

         N/A


Explanation of Responses:

         N/A

                                        Signature of Reporting Person
                                        NuVen Advisors Inc.

Dated:  August 7, 1997                  /s/  J.L. Lawver
                                             ----------------------------------
                                             J.L. Lawver

                                                   [NUVENADV\FORM4:JULY1997.GPV]

                                                         4



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