SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _____________)*
AMERICAN ASSET MANAGEMENT CORPORATION
(NAME OF ISSUER)
COMMON STOCK, NO PAR VALUE
(TITLE OF CLASS OF SECURITIES)
024-010-308
(CUSIP NUMBER)
A FEE IS BEING PAID WITH THIS STATEMENT.
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CUSIP NO. 024-010-308 SCHEDULE 13G PAGE 2 of 6 PAGES
1) Name of Reporting Person
S.S. or I.R.S. Identification No. of above person:
M.H. MEYERSON & CO., INC.
I.R.S. NO.: 13-1924455
2) Check the appropriate box if a member of a group*
NOT APPLICABLE (a)
(b)
3) Sec use only
4) Citizenship or Place of Organization
NEW JERSEY CORPORATION
NUMBER OF 5) Sole Voting Power
COMMON STOCK - 25,125 SHARES
SHARES WARRANTS - NOT APPLICABLE
BENEFICIALLY 6) Shared Voting Power
NONE
OWNED BY
7) Sole Dispositive Power
EACH 181,435 SHARES [SEE NOTE I ON PAGE 3]
REPORTING 8) Shared Dispositive Power
NONE
PERSON
WITH
9) Aggregate Amount Beneficially Owned By Each Reporting Person
181,435 SHARES {SEE NOTE I ON PAGE 3]
10) Check Box if the Aggregate Amount in Row (9) Excludes Certain
Shares*
NOT APPLICABLE
11) Percent of Class Represented by Amount in Row 9
16.9%
12) Type of Reporting Person*
BD<PAGE>
CUSIP NO. 024-010-308 SCHEDULE 13G PAGE 3 of 6 PAGES
NOTE I Consists of a long position of 25,125 shares of Common
Stock plus 83,634 Class B Warrants to purchase 83,634
shares of Common Stock plu 72,676 Class C Warrants to
purchase 72,676 shares of Common Stock. Does not include
6,700 shares of Common Stock owned by persons associated
with M.H. Meyerson & Co., Inc.
CUSIP NO. 024-010-308 SCHEDULE 13G Page 4 of 6 Pages
Item 1(a) Name of Issuer:
AMERICAN ASSET MANAGEMENT CORPORATION
Item 1(b) Address of Issuer's Principal Executive Officers:
150 Morristown Road, Suite 108
Bernardsville, New Jersey 07924
Item 2(a) Name of Person Filing:
M.H. MEYERSON & CO., INC.
Item 2(b) Address of Principal Business Office:
30 Montgomery Street
Jersey City, New Jersey 07302
Item 2(c) Citizenship:
New Jersey Corporation
Item 2(d) Title of Classes of Securities:
Common Stock, no par value
Item 2(e) Cusip Number:
024-010-308
Item 3 Type of Person:
(a) Broker/Dealer registered under
Section 15 of the Act
Item 4 Ownership (at April 30, 1996):
(a) Amount beneficially owned:
181,435 shares [See Note I on page 3]
(b) Percent of Class:
16.9%
CUSIP NO. 024-010-308 SCHEDULE 13G Page 5 of 6 Pages
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote:
Common Stock - 25,125 shares
[See Note I on page 3]
Warrants - Not Applicable
(ii) shared power to vote or to direct the vote:
None
(iii) sole power to dispose or to direct the
disposition of:
181,435 shares [See Note I on page 3]
(iv) shared power to dispose or to direct the
disposition of:
None
Item 5 Ownership of Five Percent or Less of a class:
Not Applicable
Item 6 Ownership of More that Five Percent on Behalf of Another
Person:
Not Applicable
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent
Holding Company:
Not Applicable
Item 8 Identification and Classification of Members of the
Group:
Not Applicable
Item 9 Notice of Dissolution of the Group:
Not Applicable
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CUSIP NO. 024-010-308 SCHEDULE 13G Page 5 of 6 Pages
Item 10 Certification:
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to
above were acquired in the ordinary course of
business and were not acquired for the purpose of
and do not have the effect of changing or influencing
the control of the issuer of such securities and
were not acquired in connection with or as a
participant in any transaction having such purposes
or effect.
SIGNATURE
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information set forth in
this statement is true, complete and correct.
Date: May 7, 1996, M.H. MEYERSON & CO., INC.
BY: __/s/ Michael Silvestri_____
Michael Silvestri, President
