U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
CAL International Limited
Ordnance House, 31 Pier Road
St. Helier, Jersey
Channel Islands
2. Issuer Name and Ticker or Trading Symbol
EuroAmerican Group, Inc.
EUAME
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
August 1996
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
( ) Director (X) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
<TABLE>
<CAPTION>
___________________________________________________________________________________________________________________________________
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock, $.001 par | | | | | | |8,300,000 |D |N/A |
value
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
option to buy | | | | | | | | |Common Stock| | |1,000,000 |D |N/A |
- -----------------------------------------------------------------------------------------------------------------------------------|
Series A Preferred |10/3/| | | | |11/30|11/30|
Stock |(1) |1995 |P | |15,000 | | 96 | 98 |Common Stock|(1) |$2.00 |162,500 |I |(2) |
___________________________________________________________________________________________________________________________________|
Series A Preferred |11/8/| | | | |11/30|11/30|
Stock |(1) |1995 |P | |110,000 | | 96 | 98 |Common Stock|(1) |$2.00 |162,500 |I |(2) |
___________________________________________________________________________________________________________________________________|
Series A Preferred |1/8/ | | | | |11/30|11/30|
Stock |(1) |1996 |P | |37,500 | | 96 | 98 |Common Stock|(1) |$2.00 |162,500 |I |(2) |
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
(1) If converted on November 30, 1996, 8 shares of Common Stock for each
share of Series A Preferred Stock; 7 shares if converted on November 30,
1997; and 6 shares if converted on November 30, 1998.
(2) All of these shares are owned by Klaus Hebben, who owns all of the stock
of CAL International Limited.
SIGNATURE OF REPORTING PERSON
CAL INTERNATIONAL LIMITED
By: /s/ FOLEY & LARDNER
Attorney-in-Fact
DATE
8/14/96
