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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
DE GROOT, ARJEN
Nachtegaalspad 17
3652 IM Woerdense Verlaat, NL
2. Date of Event Requiring Statement (Month/Day/Year)
06/99
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
AMERICAN DREAM ENTERTAINMENT, INC.
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C>
COMMON STOCK 840,311 (D) AND (I) SEE EXPLANATION.
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</TABLE>
<TABLE>
<CAPTION>
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C> <C> <C> <C>
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
Mr. de Groot and a wholly owned British West Indies corporation hold of record
547,000 shares of the Issuer' Common Stock. In addtion, Mr. de Groot and his
wholly-owned corporation own in the aggregate a 4.76% ownership interest in
Dreamweavers, N.V., which currently owns 6,162,000 (or an indirect interest in
293,311 shares) shares of the Issuer's Common Stock. Thus, Mr. de Groot is
deemed to beneficially own in the aggregate 840,311 shares of the Issuer's
Common Stock.
/s/ Arjen de Groot 6/14/00
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Signature of Reporting Person Date
