FORM 5 U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 [ ] Check this box if no longer subject ---------------------------- to Section 16. OMB APPROVAL Form 4 or Form 5 ---------------------------- obligations may OMB Number: 3325-0362 continue. See Expires: October 31, 2001 instruction 1(b) Estimated average burden [ ] Form 3 Holdings hours per response . . . 1.0 Reported ---------------------------- [ ] Form 4 Filed pursuant to Section 16(a) of the Securities Trans- Exchange Act of 1934, Section 17(a) of the Public actions Utility Holding Company Act of 1935 or Reported Section 30(f) of the Investment Company Act 1940 -------------------------------------------------------------------------------- 1. Name and Address of 2. Issuer Name and 6. Relationship of Reporting Reporting Person* Ticker or Trading Person to Issuer (check Symbol all Applicable) (AVGP) X Director 10% Owner Weed Charles Edward Aviation Group, Inc. --- --- ------------------------- ---------------------- Officer Other (Last) (First) (MI) --- --- (Give title (specify below) 84 Spring Lake Way below) ------------------------- ###-##-#### June 2000 (Street ---------------------- ---------------------------- Shreveport, LA 71106 3. IRS or Soc. Sec. No. 4. Statement for Month/ ------------------------- of Reporting Person Year (City) (State) (Zip) (Voluntary) ---------------------- ---------------------------- 5. If Amendment, Date of 7. Individual or Joint/Group Original (Month/Year) Filing (Check Applicable Line) X Form filed by One --- Reporting Person Form filed by More --- than One Reporting Person

-------------------------------------------------------------------------------- Table I - Non-Derivative Securities Acquired, Disposed of or Beneficially Owned -------------------------------------------------------------------------------- 1. Title of Security 2. Transaction 3. Transaction 4. Security Acquired (A) (Inst.3) Date Code or Disposed of (D) (Month/ (Instr.8) (Inst.3, 4 & 5) Day/Yr) ---------------------------------------- (A) Code V Amount (D) Price $.01 Common Stock(1) 53/2231/00 2M 3,~~700~~844 DA $3.2500 ------------------------ ------------- ------ ----- ------------- --- ------- $.01 Common Stock(1) 3/31/00 M 11,575 A $4.50 ------------------------ ------------- ------ ----- ------------- --- ------- $.01 Common Stock 4/22/00 S 15,419 D $1.71 ------------------------ ------------- ------ ----- ------------- --- ------- ------------------------ ------------- ------ ----- ------------- --- ------- ------------------------ ------------- ------ ----- ------------- --- ------- ------------------------ ------------- ------ ----- ------------- --- ------- 5. Amount of Securities 6. Ownership Form 7. Nature of Indirect Beneficially Owned at Direct (D) or Beneficial Ownership at End of Month Indirect (I) (Inst. 4) (Inst. 3 & 4) ~~987,300~~ D ------------------------ ----------------------------- ------------------------- D ------------------------ ----------------------------- ------------------------- 75,283 D ------------------------ ----------------------------- ------------------------- ------------------------ ----------------------------- ------------------------- ------------------------ ----------------------------- ------------------------- Reminder: Report on a separate line for each class securities owned directly or indirectly. *If the form is filed by more than one reporting person, see Instruction 4(b)(v)

-------------------------------------------------------------------------------- Table II - Derivative Securities Acquired, Disposed of, Beneficially Owned (e.g., puts, calls, warrants, options, convertible security) -------------------------------------------------------------------------------- 1. Title of 2. Conversion 3. Transaction 4. Transaction Derivative or Exercise Date (Month Code Security Price of (Day/Year) (Instr. 8) (Instr.3) Derivative Security ~~Warrants~~Convertible ~~(1)~~Note $13.00 123-2031-9900 AM ------------------- -------------------- --------------------- -------------- ~~Warrants~~Convertible ~~(1)~~Note $14.0050 23-1031-00 AM ------------------- -------------------- --------------------- -------------- Warrants ------------------- -------------------- --------------------- -------------- ------------------- -------------------- --------------------- -------------- ------------------- -------------------- --------------------- -------------- 5. Number of Derivative 6. Date Exercisable 7. Title & Amount of Securities Acquired & Expiration Date Underlying Securities (A) or Disposed of (D) (Mon./Day/Year) (Inst. 3 & 4) (Instr. 3, 4 & 5) -------------------------------------------------------------------------------- (A) (D) Date Expiration Title Amount or Exercisable Date number of Shares ~~13,333~~All ~~12-20-99 12-20-04~~ $.01 Common 133,~~333~~844 ------------ ------------ ----------- ----------- ----------- ------------ ~~13,333~~All ~~2-10-00 2-10-00~~ $.01 Common 1311,~~333~~575 ------------ ------------ ----------- ----------- ----------- ------------ ------------ ------------ ----------- ----------- -------- ------------ ------------ ------------ ----------- ----------- -------- ------------ 8. Price of Derviative 9. Number of Derivative Securities 10. Ownership Form of 11. Nature of Indirect Security (Inst.5) Beneficially Owned at end of Derivative Security Beneficial Month (Instr. 4) Dir. (D) or Ind. (I) Ownership (Instr.4) ~~526,666~~0 D ---------------------- --------------------------------- ----------------------- ----------------------- 0 D ---------------------- --------------------------------- ----------------------- ----------------------- 70,000 D ---------------------- --------------------------------- ----------------------- ----------------------- ---------------------- --------------------------------- ----------------------- ----------------------- ---------------------- --------------------------------- ----------------------- ----------------------- ---------------------- --------------------------------- ----------------------- -----------------------

Explination of Responses (1) Represents shares obtained upon conversion of convertible notes held by Mr. Weed for more than six months. The conversion was exempt under Rule 16b-3.

**Intentional misstatements or omissions of facts constitute Federal /s/ ~~Lee~~C.E. ~~Sanders~~Weed 8/829/00 Crimminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). -------------------------------- ------- **Signature of Reporting Person Date Note: File three copies of this form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collections of information contained in this form are not required to respond unless the form displays a currently valid OMD Number.

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