------ ------------------------------------ FORM 3 OMB APPROVAL ------ ------------------------------------ OMB Number 3235-0104 Expires: September 30, 1998 Estimated average burden hours per response .............0.5 ------------------------------------ U. S. SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 INITITAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 (Print or Type Response) ------------------------------------------------------------------------------- 1. Name and Address of Reporting Person* Zanetto Louis -------------------------------------------------------------------- (Last) (First) (MI) 10570 Hagen Ranch Road -------------------------------------------------------------------- (Street) Boynton Beach Florida 33325 -------------------------------------------------------------------- (City) (State) (Zip) 2. Date of Event Requiring Statement (Month/Day/Year) 10/3/00 ------------------------------------------------------------------------------- 3. IRS or Social Security Number of Reporting Person (Voluntary) ------------------------------------------------------------------------------- 4. Issuer Name and Ticket or Trading Symbol American Group, Inc. AMCG ------------------------------------------------------------------------------- 5. Relationship of Reporting Person to Issuer (Check all Applicable) [ X ] Director [ ] 10% Owner [ X ] Officer--(give title below) [ ] Other--(specify below) subsidiary president --------------------------------------------------------------------------- 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 Reporting Person --- TABLE I - Non-Derivative Securities Beneficially Owned -------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------------------------------------- 1. Title of Security | 2. Amount of Securities | 3. Ownership Form: | 4. Nature of Indirect Beneficial (Instr. 4) | Beneficially Owned | Direct (D) or Indirect | Ownership (Instr. 5) | (Instr. 4) | (I) (Instr. 5) | ----------------------------------------------------------------------------------------------------------------------------------- Common Stock | ~~350~~35,000 shares | 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 5(b)(v). (Over) SEC 1473 (7-97) Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

FORM 3 (continued) Table II -- Derivative Securities Benefically Owned (e.g., puts, calls, warrants, options, convertible security) --------------------------------------------------------------------------------------------- 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date | (Month/Day/Year) |----------------------------------------- | Date Exercisable | Expiration Date --------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ 3. Title and Amount of Underlying | 4. Conversion or Exercise | 5. Ownership Form of Derivative | 6. Nature of Indirect Derivative Security | Price of Derivative | Security: Direct (D) or | Beneficial Ownership (Instr. 4) | Security | Indirect (I) (Instr. 5) | (Instr. 5) -----------------------------------------| | | | ~~Ammount~~Amount or | | | | Number of | | | Title | Shares | | | ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ | | | | | | | | ----------------------------------------------------------------------------------------------------------------------------------- | | | | | | | | ----------------------------------------------------------------------------------------------------------------------------------- | | | | | | | | ----------------------------------------------------------------------------------------------------------------------------------- | | | | | | | | ----------------------------------------------------------------------------------------------------------------------------------- Explanation of Responses:

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 10 U.S.C. 1001 and 15 U.S.C. 78ff(a). 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 collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. By: /s/ Louis Zanetto ----------------------------- /s/ Louis Zanetto Date 11/13/00 ----------------------------- Signature of Reporting Person PAGE: 2 SEC 1473 (7-97)

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