<PAGE 1>

                          SECURITIES AND EXCHANGE COMMISSION
                               WASHINGTON, D.C.  20549
                          __________________________________

                                       FORM 8-K

                                    CURRENT REPORT
                        PURSUANT TO SECTION 13 OR 15(d) OF THE
                           SECURITIES EXCHANGE ACT OF 1934

         Date of report (Date of earliest event reported): July 28, 2000

                    American Gaming & Entertainment, Ltd.
__________________________________________________________________________
            (Exact Name of Registrant as Specified in Charter)


                                  Delaware
__________________________________________________________________________
                    (State or Other Jurisdiction of
                     Incorporation or Organization)


 0-19049                                                      74-2504501
__________________________________________________________________________
 (Commission                                                (IRS Employer
File Number)                                             Identification No.)


                 51 Beech Road, Glen Rock, New Jersey 07452
__________________________________________________________________________
                   (Address of Principal Executive Offices)

Registrant's telephone number, including area code:  (201) 447-5360


                              Not Applicable
__________________________________________________________________________
(Former Name, Address and Former Fiscal Year, if Changed Since Last Report)


                                     1 of 24



<PAGE 2>

American Gaming & Entertainment, Ltd.
SEC Form 8-K

Item 2.  Changes in Control of the Registrant

The Registrant understands that Messrs. David B. McLane, John F. Fisbeck and
Carter M. Fortune (collectively, the "Buyers") are collectively purchasing
367,911,380 shares of the Registrant's $0.01 par value common stock ("Common
Stock") pursuant to two Stock Purchase Agreements dated July 28, 2000. One
agreement is with Richard C. Breeden, who is the Bankruptcy Trustee (the
"Trustee") for the Bennett Funding Group, Inc. et al. (the "Estate") in a
bankruptcy proceeding pending in the United States Bankruptcy Court for the
Northern District of New York (the "Bankruptcy Court"). This agreement
provides for the purchase of 362,088,361 shares (the "Estate Stock") of
Common Stock from the Estate for $98,200 in cash. The Estate Stock includes
360,588,361 shares of Common Stock which will be converted from the
Registrant's Series C Cumulative Preferred Stock, Series D Cumulative
Preferred Stock and Series E Preferred Stock owned by the Estate pursuant to
a notice of conversion delivered to the Registrant dated as of July 21, 2000.
The other agreement is with Shamrock Holdings Group, Inc. ("Shamrock") and
provides for the purchase of 5,823,019 shares of Common Stock (of which
1,399,565 shares will be converted from the Registrant's Series A Preferred
Stock owned by Shamrock pursuant to a notice of conversion delivered to the
Registrant dated as of July 21, 2000) for $1,800 in cash. The source of funds
for both purchases is from personal funds. Collectively, the stock purchased
from the Estate and Shamrock will represent 98.2% of the outstanding Common
Stock of the Registrant. The sale of the stock by the Estate is conditioned
upon approval by the Bankruptcy Court. In addition, the sale of the stock by
the Estate and Shamrock is also conditioned upon receipt of the approval of
the Indiana Gaming Commission unless it is determined that such commission
approval is not required. The sale of the stock is anticipated to close on or
about August 31, 2000.

The Buyers have also agreed to cause AGEL to pay J. Douglas Wellington, the
Registrant's President and CEO, from post-closing funds to be contributed to
AGEL by the Buyers, a severance payment in the amount of $62,500 (which
represents one-half of the severance payment to be received under his current
employment agreement) and a car and rent allowance in the amount of $1,500.
The Stock Purchase Agreements also provide that immediately following closing
of the stock sale, the Registrant's Board of Directors will be expanded to
not less than three members (as determined by the Buyers) and the Board of
Directors will fill the vacancies with individuals designated by the Buyers.
As part of the Stock Purchase Agreements, the Registrant agreed to appoint a
Board of Directors of at least three members designated by the Buyers upon
the closing of such agreements and provided certain business and financial
information about the Registrant. The Buyers anticipate designating David B.
McLane to fill one of the vacancies. The Buyers have not yet determined who
will be designated to fill the other vacancies. The Registrant's current sole
director, J. Douglas Wellington, is anticipated to resign shortly after the
closing of the stock sale.

Shortly after the closing on the stock sale, the Buyers plan to engage in a
transaction by which a company owned by the Buyers, WOW Entertainment, Inc.
("WOW"), will become a wholly owned subsidiary of the Registrant. Messrs.
McLane, Fisbeck and Fortune are not anticipated to receive any additional
shares of the Registrant in connection with such transaction. Based in
Indianapolis, Indiana, WOW develops and produces sports entertainment
programming. WOW's first run syndicated television series, WOW-Women of
Wrestling, is scheduled to premiere in the fall of 2000.

All of the above information is based on information supplied by Messrs.
McLane, Fisbeck and Fortune on a Schedule 13D dated July 28, 2000 filed by
any such persons.


<PAGE 3>

Item 7.     Financial Statements and Exhibits

(a)     Exhibits

Exhibit Number     Description
______________     ___________

10.11              Stock Purchase Agreement dated as of July 28, 2000 between
                   John F. Fisbeck, David B. McLane and Carter M. Fortune,
                   and Richard C. Breeden Trustee of The Bennett Funding
                   Group, Inc. et. al. and the Registrant

10.12              Stock Purchase Agreement dated as of July 28, 2000 between
                   John F. Fisbeck, David B. McLane and Carter M. Fortune,
                   and Shamrock Holdings Group, Inc. and the Registrant



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                     American Gaming & Entertainment, Ltd.
                     _____________________________________
                                 (Registrant)

DATE:     August 14, 2000


                                        By:     J. DOUGLAS WELLINGTON
                                             ___________________________
                                              J. DOUGLAS WELLINGTON
                                              President and Chief Executive
                                              Officer and Principal
                                              Accounting Officer


<PAGE 4>

EXHIBIT INDEX

Exhibit Number  Description                                             Page
______________  ___________                                             ____

10.11           Stock Purchase Agreement dated as of July 28, 2000
                between John F. Fisbeck, David B. McLane and Carter
                M. Fortune, and Richard C. Breeden Trustee of The
                Bennett Funding Group, Inc. et. al. and the Registrant     5

10.12           Stock Purchase Agreement dated as of July 28, 2000
                between John F. Fisbeck, David B. McLane and Carter M.
                Fortune, and Shamrock Holdings Group, Inc. and the
                Registrant                                                15



<PAGE 5>

                                                             EXHIBIT 10.11
                                                             _____________

                      STOCK PURCHASE AGREEMENT
                      ________________________

     THIS AGREEMENT made this 28th day of July, 2000, between John
F. Fisbeck, David B. McLane and Carter M. Fortune (hereinafter
referred to individually as a "Buyer" and collectively as the
"Buyers"), and Richard C. Breeden, Trustee of The Bennett Funding
Group, Inc. et al. (hereinafter referred to as the "Trustee") and
American Gaming & Entertainment, Ltd. ("AGEL") which is joining as
a party to this Agreement only for the purpose of complying with
Sections 3 and 4 hereof.

                               Recitals
                               ________

     A.     The substantively consolidated bankruptcy estate of
The Bennett Funding, Inc., et al. (the "Estate") and Shamrock
Holdings Group, Inc. ("Shamrock") together own 5,923,454 shares of
voting, $0.01 par value common stock of AGEL, 55,982.61 shares of
Series A Preferred Stock (which is convertible into 1,399,565
shares of common stock) and 4,000 shares of each Series C, D and E
Preferred Stock (which are convertible as of July 21, 2000 into
360,588,361 shares of common stock pursuant to letter agreement
attached hereto as Exhibit "A"), as their interests may appear;

     B.     The Buyers desire to purchase all of the stock (on a
fully converted based) owned by the Estate,  upon the terms and
conditions hereinafter set forth (the "Stock").

     C.     The Trustee on behalf of the Estate is willing to sell
the Stock to the Buyers on the terms and conditions hereinafter
set forth.

     D.     The parties hereto desire to establish their mutual
rights and obligations under this Agreement.

NOW, THEREFORE, in consideration of mutual covenants contained
herein and other valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties agree as
follows:

     1.     Purchase Price.  The purchase price for the sale of
the Stock to the Buyers shall be $98,200.00 (the "Purchase
Price") payable in accordance with the terms of this Agreement.

     2.     Closing Matters. The closing (the "Closing") on the
transactions contemplated by this Agreement shall take place on or
before August  31, 2000 (the "Closing Date") at a time and
location mutually acceptable to the parties.  At the Closing, the
Trustee shall deliver to the Buyers the certificates in the
Estate's possession representing a portion of the Stock and an
affidavit of lost certificate(s) with respect to the
certificates not in the Estate's possession, and all
certificates in the Estate's possession shall be duly endorsed
on the reverse side thereof by the Trustee.  The Buyers shall
deposit with the Escrow Agent cash in an amount equal to the
Purchase Price pursuant to the Escrow Agreement.

     3.      Post Closing Matters.   Immediately following
Closing, AGEL's Board of Directors shall be expanded to not less
than three members (as determined by the Buyers) and the Board
of Directors shall fill said vacancies with individuals
designated by the Buyers.

     4.     Right of Setoff.   The Escrow Amount shall be
reduced and paid to Buyers as a result of any damages asserted
against, imposed upon or incurred by AGEL or the Buyers,
directly or indirectly, by reason of or resulting from any of
the following occurrences:

          4.01     Other than as set forth in the Exceptions
Schedule which is attached hereto as Exhibit "B", AGEL is a
party to any contract, lease, agreement or other undertaking.
Except as set forth in the Exceptions Schedule, any party to any
contract, lease, agreement or other undertaking with AGEL has
any claim against AGEL.


<PAGE 6>

          4.02     Except for the requirements of applicable
federal and state securities laws and the Bankruptcy Court
Approval and the approval of the Indiana Gaming Commission,
required, a consent or approval of, or filing or registration
with, any governmental or regulatory authority is required in
connection with the performance of the terms of this Agreement.

          4.03     Except as disclosed in the Exceptions
Schedule, any of AGEL's tax returns and reports required by law
to be filed have not been duly filed, and any taxes,
assessments, fees and other governmental charges have not been
paid or adequately reserved against.

          4.04     Except as disclosed in the Exceptions
Schedule:

          (a)     there is any action, proceeding, claim or
investigation pending against AGEL or to which any of its assets
or properties are subject before any court or any governmental
department, commission, board, bureau, agency or
instrumentality; or

          (b)     there is any outstanding order, writ,
injunction or decree of any court, governmental department,
commission, board, bureau, agency or instrumentality, or any
arbitration award against AGEL.

          4.05     AGEL's authorized capital stock exceeds
3,000,000,000 shares of common stock $.01 par value or 1,000,000
shares of preferred stock, of which more than 12,561,750 shares
(pre-conversion) of common stock are issued and outstanding or
of which more than 67,982.61 shares (pre-conversion) of
preferred stock are issued and outstanding.  Except as set forth
in the Exceptions Schedule, there are any outstanding options,
warrants or other rights to subscribe for, purchase or receive
shares of AGEL common stock or preferred stock or any other
securities convertible into AGEL common stock or preferred
stock.

          4.06     Except as set forth in the Exceptions
Schedule, any of AGEL's current or former officers, directors or
employees has any claim against it except for salaries or other
ordinary expenses, or AGEL is obligated to any of such persons
in any way or for any amount except for salaries, wages or
ordinary expenses. One-half of the $125,000 severance payment
payable on termination of the employment of J. Douglas
Wellington ("Wellington") will be satisfied by Shamrock on
January 31, 2001, from the reserve account which was established
by Shamrock for said severance payment, subject to the terms of
the Employment Agreement between AGEL and Wellington dated as of
December 31, 1999 (the "Wellington Employment Agreement").
Buyers agree to cause AGEL to pay the other half of said
severance payment on January 31, 2001, which amount shall not be
paid out of the Escrow Amount (as defined below) but rather from
other post-closing funds of AGEL.  AGEL will pay to Wellington
the remainder of his base salary under the Wellington Employment
Agreement in a lump sum payment on September 30, 2000, from the
Escrow Amount.  The Buyers agree to cause AGEL to pay to
Wellington on September 30, 2000, $1,500 for the car and rent
allowance which amount shall not be paid out of the Escrow
Amount but rather from post-closing funds of AGEL.

          4.07     Except as set forth in the Exceptions
Schedule, any agent, broker, investment banker, person or firm
acting on behalf of AGEL is or will be entitled to any broker's
or finder's fee or any other commission or fee, directly or
indirectly, in connection with any of the transactions
contemplated hereby.

          4.08     AGEL owns stock or securities evidencing an
ownership interest in any corporation, business trust, firm or
business which may be considered a subsidiary, except as set
forth on the Exceptions Schedule.

          4.09     At Closing, AGEL has cash in an amount of
less than approximately $150,000 or has any liabilities,
contingent or otherwise, other than as set forth on the
Exceptions Schedule.

          4.10     The Trustee has not exercised all conversion
rights with respect to the preferred stock held by him or has
not taken all actions necessary to cause the transfer agent for
AGEL to issue the


<PAGE 7>

360,588,361 shares of common stock as a result of the
conversion.

          4.11     AGEL shall not have complied with the Letter
Agreement (the "Letter Agreement") dated November 23, 1999
between AGEL and Shamrock except as modified by the terms of
this Agreement.

     5.     Escrow Agreement.

          5.01     At the Closing, pursuant to the terms and
subject to the conditions of that certain Escrow Agreement by
and between the Buyers, the Trustee, AGEL and the Escrow Agent,
substantially in the form of Exhibit "C" attached hereto
("Escrow Agreement"), the Purchase Price plus the amount of cash
on hand in AGEL as of Closing less the liabilities set out on
the Exceptions Schedule shall be deposited with the Escrow Agent
(all such amounts deposited pursuant to the terms and subject to
the conditions of the Escrow Agreement as contemplated by this
Agreement shall be referred to in the aggregate as the "Escrow
Amount").  Pursuant to the terms and subject to the conditions
of the Escrow Agreement, promptly following the expiration of
the Termination Date and after giving effect to the final
determination of all claims of the Buyers, unless the parties
instruct the Escrow Agent otherwise, the Escrow Agent shall
distribute to the Estate 98.2% of the Escrow Amount (it being
understood that the other 1.8% of the Escrow Amount shall be
distributed to Shamrock).

          5.02      Any right of setoff under this Agreement
with respect to a claimed breach or the happening of any
occurrence described in Section 4 shall expire on September 30,
2000 (the "Termination Date"), unless on or prior to the
Termination Date a claim has been made by the Buyers.  If a
claim is timely made, it may continue to be asserted beyond the
Termination Date.

          5.03     The amounts which are payable to the Buyers
as a result of the successful determination of a claim or claims
of the Buyers shall be paid solely out of the Escrow Amount
pursuant to the terms and subject to the conditions of the
Escrow Agreement.

     6.      Other Remedies.  In lieu of the right of setoff
described herein, if there is any breach by the Trustee or the
happening of any occurrence described in Section 4 the Buyers
shall, at their option, be entitled to rescind the transactions
contemplated by this Agreement up to and through the Termination
Date.  The Trustee acknowledges and agrees that the right of
setoff described herein alone may not be an adequate remedy for
any breach by the Trustee or the happening of any occurrence
described in Section 4 and accordingly expressly agrees that, in
lieu of the right of setoff described herein, the Buyers shall
be entitled to rescind this transaction.

     7.     Letter Agreement.  The Buyers acknowledge and agree
that under the terms of the Letter Agreement and the Order
Approving Settlement Agreement Among the Debtor, the Bennett
Entities, AGEL and the AGEL Subsidiaries Regarding Compromise
and Settlement of Claims (the "Order") approved by the United
States Bankruptcy Court, Northern District of New York dated
December 23, 1999, AGEL has transferred to Shamrock all of its
right, title and interest in all of its rights, title and
interests under the First Amended Joint Plan of Liquidation for
Am Gam Associates and American Gaming and Resorts of
Mississippi, Inc. (the "Mississippi Interests").  Further, under
the Letter Agreement and Order, AGEL is obligated to deliver or
cause to be delivered directly to Shamrock immediately upon
receipt all payments, distributions, dividends and proceeds of a
type to which AGEL is entitled pursuant to or in connection
therewith the Irrevocable Proxy and Consent Agreement dated as
of August 23, 1996 between and between Paul R. Patridge, Patrick
F. Daly, James A. Everatt, Charles E. Reisert, Eric C. Jackson
and AGEL, as amended (the "Rising Sun Interests").  The Buyers
acknowledge and agree that following the Closing AGEL will
continue to be bound by the terms of the Letter Agreement and
Order and will have no interest or claim to the Mississippi
Interests or Rising Sun Interests.

     8.     Conditions to Closing. The obligations of the
parties under this Agreement are subject to the satisfaction of
the following express conditions precedent at or before the
Closing:


<PAGE 8>

          8.01      AGEL and RSR, LLC shall have executed and
delivered a settlement agreement, in form and substance
satisfactory to the Estate and Shamrock; the settlement
agreement shall have been approved by the Indiana Gaming
Commission; and the settlement thereunder shall have closed.

          8.02     The Indiana Gaming Commission shall have
approved the sale of the Stock by the Estate and Shamrock to the
Buyers.

          8.03     The Estate and Shamrock shall cause AGEL to
deliver to the Buyers copies of any books and records of AGEL,
as the Buyers may reasonably request.

          8.04     Buyers shall purchase all of AGEL's shares
owned by Shamrock pursuant to the terms of a Stock Purchase
Agreement of even date herewith.

          8.05     The United States Bankruptcy Court for the
Northern District of New York shall have approved the sale of
the Stock by the Estate pursuant to the terms of this Agreement,
free and clear of claims, liens and encumbrances, and the
conversion of the Series C, D and E preferred stock into common
stock ("Bankruptcy Court Approval") and the Order approving the
sale and conversion shall have become final.

          8.06     AGEL and J. Douglas Wellington shall have
agreed upon the terms of a new consulting/employment agreement
which agreement will be subject to the Closing of this Agreement
and the Stock Purchase Agreement with Shamrock.

     9.     Termination and Postponement.  This Agreement may be
terminated, and the transactions provided for herein abandoned,
at any time prior to but not after the Closing, as follows:

          9.01     by mutual consent of the Buyers and the
Trustee;

          9.02     by the Buyers or the Trustee, if any of the
conditions set forth in Article VIII shall not have been met or
cannot reasonably be met by the Closing Date; or

          9.03     by the Buyers or the Trustee if the Closing
has not been consummated by August 31, 2000.

                   In the event of the termination and
abandonment of this Agreement and the transactions contemplated
hereby, this Agreement shall become void and of no effect,
without any liability on the part of any party or its directors,
officers or shareholders.

    10.     Miscellaneous.

          10.01     All notices, requests, demands and other
communications which are required or may be given pursuant to
the terms of this Agreement shall be in written or electronic
form and shall be deemed delivered (i) on the date of delivery
when delivered by hand, (ii) on the date of transmission when
sent by facsimile transmission during normal business hours with
telephone confirmation of receipt, (iii) one day after dispatch
when sent by overnight courier maintaining records of receipt,
or (iv) three days after dispatch when sent by certified mail,
postage prepaid, return-receipt requested; provided that, in an
any such case, such communication is addressed as provided in
the immediately following paragraph.  All notices, requests,
demands and other communications which are required or may be
given pursuant to the terms of this Agreement shall be addressed
as follows:


<PAGE 9>

               (i)     If to the Trustee:

                         Richard C. Breeden
                         100 Northfield Street
                         Greenwich, CT 06831
                         Telephone: 203-618-0065
                         Facsimile: 203-618-0063

                    with a copy to:

                         James M. Cotter, Esq.
                         Simpson Thacher & Bartlett
                         425 Lexington Avenue
                         New York, New York 10166
                         Telephone: 212-455-2000
                         Facsimile: 212-455-2502

               (ii)     If to the Buyers:

                         John F. Fisbeck
                         7931 West 86th Street
                         Indianapolis, Indiana 46278
                         Telephone:     317-262-4250
                         Facsimile:     317-262-4106

                    with a copy to:

                         Robert J. Milford, Esq. or
                         Constance J. Gustafson, Esq.
                         Lowe Gray Steele and Darko, LLP
                         Bank One Tower
                         111 Monument Circle, Suite 4600
                         Indianapolis, Indiana 46204-5146
                         Telephone:     317-236-8020
                         Facsimile:     317-236-6472

     Any party may change its address or the designation of the
intended recipient of notice provided that it notifies the other
parties in accordance with the terms of this section.

          10.02     This Agreement shall not be assigned by the
Trustee but the Buyers may, without the Trustee's approval,
assign their interests. This Agreement shall inure to the
benefit of and be binding upon the parties hereto and their
successors and permitted assigns.  Nothing in this Agreement is
intended to confer, expressly or by implication, upon any other
person any rights or remedies under or by reason of this
Agreement.

          10.03     This Agreement shall be governed by, and
construed and enforced in accordance with, the internal laws of
the State of Indiana (without giving effect to the conflicts of
law provisions thereof).

          10.04     This Agreement may be executed in two or
more counterparts, each of which shall be deemed an original and
which together shall constitute a single instrument. The parties
agree that they will accept executed documents with facsimile
signatures which will be promptly replaced with original
signatures.

          10.05     The Trustee and the Buyers agree that the
timing and content of any press


<PAGE 10>

release or other public announcement with respect to this
Agreement and the transactions contemplated hereby shall be
subject to mutual agreement of the parties hereto to the maximum
extent feasible and consistent with their respective legal
obligations to disseminate material information to their
stockholders and the public.

          10.06     This Agreement, Schedules, and the
Consulting Agreement between AGEL and J. Douglas Wellington,
contain the entire understanding and agreement between the
parties hereto with respect to the transactions contemplated
hereby and supersede all prior and contemporaneous agreements or
understandings, express or implied, oral or written, between the
parties with respect to the subject matter hereof.

          10.07     At any time prior to the Closing Date, the
parties hereto may, by written agreement (i) extend the time for
the performance of any of the obligations or other acts of the
parties hereto, (ii) waive any inaccuracies in the
representations and warranties contained in this Agreement or in
any schedule or document delivered pursuant hereto and (iii)
waive compliance with any of the covenants or agreements
contained in this Agreement.

          10.08     If any covenant or provision hereof is
determined to be void or unenforceable in whole or in part, it
shall not be deemed to affect or impair the invalidity of any
other covenant or provision, each of which is hereby declared to
be separate and distinct.  If any provision of this Agreement is
so broad as to be unenforceable, such provision shall be
interpreted to be only so broad as is enforceable.  If any
provision of this Agreement is declared invalid or unenforceable
for any reason other than overbreadth, the offending provision
will be modified so as to maintain the essential benefits of the
bargain among the parties hereto to the maximum extent possible,
consistent with law and public policy.

          10.09     If any legal action or any other proceeding
is brought for the enforcement of this Agreement, or because of
an alleged dispute, breach, default, or misrepresentation in
connection with any of the provisions of this Agreement, the
successful or prevailing party or parties shall be entitled to
recover reasonable attorney's fees and other costs incurred in
that action or proceeding, in addition to any other relief to
which it or they may be entitled.

          10.10     The parties submit to the jurisdiction of
the United State Bankruptcy Court for the Northern District of
New York for resolution of any disputes or controversies arising
out of this Agreement.

          10.11     The representations and warranties,
covenants and obligations of the parties contained herein shall
survive the Closing Date.  There are no promises, undertakings,
representations or warranties by the Trustee relative to the
subject matter hereof not expressly set forth herein.

          10.12     The Trustee and Buyers shall each bear their
respective costs and expenses incurred prior to Closing,
including legal, accounting and other expenses, in connection
with the proposed sale.

          10.13     Richard C. Breeden is entering into this
Agreement solely in his capacity as Trustee and shall have no
personal responsibility or liability whatsoever under this
Agreement.

          10.14     J. Douglas Wellington is entering into this
Agreement solely in his capacity as President and CEO of AGEL
and shall have no personal responsibility or liability
whatsoever under this Agreement.


[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]


<PAGE 11>

IN WITNESS WHEREOF, the parties have executed this Agreement on
the day and year first above written.

                                           DAVID B. MCLANE
                                           _______________________
                                           David B. McLane

                                           JOHN F. FISBECK
                                           _______________________
                                           John F. Fisbeck

















          [SIGNATURE PAGE TO BREEDEN STOCK PURCHASE AGREEMENT]


<PAGE 12>

IN WITNESS WHEREOF, the parties have executed this Agreement on
the day and year first above written.

                                         CARTER M. FORTUNE
                                         _________________________
                                         Carter M. Fortune













          [SIGNATURE PAGE TO BREEDEN STOCK PURCHASE AGREEMENT]



<PAGE 13>

                                       RICHARD C. BREEDEN
                                       ______________________
                                       Richard C. Breeden,
                                       Trustee of the
                                       Bennett Funding Group, Inc.















        [SIGNATURE PAGE TO BREEDEN STOCK PURCHASE AGREEMENT]



<PAGE 14>

                            AMERICAN GAMING & ENTERTAINMENT, LTD.

                            J. DOUGLAS WELLINGTON
                            ______________________________________
                            J. Douglas Wellington,
                            President and CEO















           [SIGNATURE PAGE TO BREEDEN STOCK PURCHASE AGREEMENT]
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SECURITIES AND EXCHANGE COMMISSION
                               WASHINGTON, D.C.  20549
                          __________________________________

                                       FORM 8-K

                                    CURRENT REPORT
                        PURSUANT TO SECTION 13 OR 15(d) OF THE
                           SECURITIES EXCHANGE ACT OF 1934

         Date of report (Date of earliest event reported): July 28, 2000

                    American Gaming & Entertainment, Ltd.
__________________________________________________________________________
            (Exact Name of Registrant as Specified in Charter)

                                  Delaware
__________________________________________________________________________
                    (State or Other Jurisdiction of
                     Incorporation or Organization)

 0-19049                                                      74-2504501
__________________________________________________________________________
 (Commission                                                (IRS Employer
File Number)                                             Identification No.)

                 51 Beech Road, Glen Rock, New Jersey 07452
__________________________________________________________________________
                   (Address of Principal Executive Offices)

Registrant's telephone number, including area code:  (201) 447-5360

                              Not Applicable
__________________________________________________________________________
(Former Name, Address and Former Fiscal Year, if Changed Since Last Report)

                                     1 of 24
American Gaming & Entertainment, Ltd.
SEC Form 8-K

Item 2.  Changes in Control of the Registrant

The Registrant understands that Messrs. David B. McLane, John F. Fisbeck and
Carter M. Fortune (collectively, the "Buyers") are collectively purchasing
367,911,380 shares of the Registrant's $0.01 par value common stock ("Common
Stock") pursuant to two Stock Purchase Agreements dated July 28, 2000. One
agreement is with Richard C. Breeden, who is the Bankruptcy Trustee (the
"Trustee") for the Bennett Funding Group, Inc. et al. (the "Estate") in a
bankruptcy proceeding pending in the United States Bankruptcy Court for the
Northern District of New York (the "Bankruptcy Court"). This agreement
provides for the purchase of 362,088,361 shares (the "Estate Stock") of
Common Stock from the Estate for $98,200 in cash. The Estate Stock includes
360,588,361 shares of Common Stock which will be converted from the
Registrant's Series C Cumulative Preferred Stock, Series D Cumulative
Preferred Stock and Series E Preferred Stock owned by the Estate pursuant to
a notice of conversion delivered to the Registrant dated as of July 21, 2000.
The other agreement is with Shamrock Holdings Group, Inc. ("Shamrock") and
provides for the purchase of 5,823,019 shares of Common Stock (of which
1,399,565 shares will be converted from the Registrant's Series A Preferred
Stock owned by Shamrock pursuant to a notice of conversion delivered to the
Registrant dated as of July 21, 2000) for $1,800 in cash. The source of funds
for both purchases is from personal funds. Collectively, the stock purchased
from the Estate and Shamrock will represent 98.2% of the outstanding Common
Stock of the Registrant. The sale of the stock by the Estate is conditioned
upon approval by the Bankruptcy Court. In addition, the sale of the stock by
the Estate and Shamrock is also conditioned upon receipt of the approval of
the Indiana Gaming Commission unless it is determined that such commission
approval is not required. The sale of the stock is anticipated to close on or
about August 31, 2000.

The Buyers have also agreed to cause AGEL to pay J. Douglas Wellington, the
Registrant's President and CEO, from post-closing funds to be contributed to
AGEL by the Buyers, a severance payment in the amount of $62,500 (which
represents one-half of the severance payment to be received under his current
employment agreement) and a car and rent allowance in the amount of $1,500.
The Stock Purchase Agreements also provide that immediately following closing
of the stock sale, the Registrant's Board of Directors will be expanded to
not less than three members (as determined by the Buyers) and the Board of
Directors will fill the vacancies with individuals designated by the Buyers.
As part of the Stock Purchase Agreements, the Registrant agreed to appoint a
Board of Directors of at least three members designated by the Buyers upon
the closing of such agreements and provided certain business and financial
information about the Registrant. The Buyers anticipate designating David B.
McLane to fill one of the vacancies. The Buyers have not yet determined who
will be designated to fill the other vacancies. The Registrant's current sole
director, J. Douglas Wellington, is anticipated to resign shortly after the
closing of the stock sale.

Shortly after the closing on the stock sale, the Buyers plan to engage in a
transaction by which a company owned by the Buyers, WOW Entertainment, Inc.
("WOW"), will become a wholly owned subsidiary of the Registrant. Messrs.
McLane, Fisbeck and Fortune are not anticipated to receive any additional
shares of the Registrant in connection with such transaction. Based in
Indianapolis, Indiana, WOW develops and produces sports entertainment
programming. WOW's first run syndicated television series, WOW-Women of
Wrestling, is scheduled to premiere in the fall of 2000.

All of the above information is based on information supplied by Messrs.
McLane, Fisbeck and Fortune on a Schedule 13D dated July 28, 2000 filed by
any such persons.
Item 7.     Financial Statements and Exhibits

(a)     Exhibits

Exhibit Number     Description
______________     ___________

10.11              Stock Purchase Agreement dated as of July 28, 2000 between
                   John F. Fisbeck, David B. McLane and Carter M. Fortune,
                   and Richard C. Breeden Trustee of The Bennett Funding
                   Group, Inc. et. al. and the Registrant

10.12              Stock Purchase Agreement dated as of July 28, 2000 between
                   John F. Fisbeck, David B. McLane and Carter M. Fortune,
                   and Shamrock Holdings Group, Inc. and the Registrant

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                     American Gaming & Entertainment, Ltd.
                     _____________________________________
                                 (Registrant)

DATE:     August 14, 2000

                                        By:     J. DOUGLAS WELLINGTON
                                             ___________________________
                                              J. DOUGLAS WELLINGTON
                                              President and Chief Executive
                                              Officer and Principal
                                              Accounting Officer
EXHIBIT INDEX

Exhibit Number  Description                                             Page
______________  ___________                                             ____

10.11           Stock Purchase Agreement dated as of July 28, 2000
                between John F. Fisbeck, David B. McLane and Carter
                M. Fortune, and Richard C. Breeden Trustee of The
                Bennett Funding Group, Inc. et. al. and the Registrant     5

10.12           Stock Purchase Agreement dated as of July 28, 2000
                between John F. Fisbeck, David B. McLane and Carter M.
                Fortune, and Shamrock Holdings Group, Inc. and the
                Registrant                                                15
EXHIBIT 10.11
                                                             _____________

                      STOCK PURCHASE AGREEMENT
                      ________________________

     THIS AGREEMENT made this 28th day of July, 2000, between John
F. Fisbeck, David B. McLane and Carter M. Fortune (hereinafter
referred to individually as a "Buyer" and collectively as the
"Buyers"), and Richard C. Breeden, Trustee of The Bennett Funding
Group, Inc. et al. (hereinafter referred to as the "Trustee") and
American Gaming & Entertainment, Ltd. ("AGEL") which is joining as
a party to this Agreement only for the purpose of complying with
Sections 3 and 4 hereof.

                               Recitals
                               ________

     A.     The substantively consolidated bankruptcy estate of
The Bennett Funding, Inc., et al. (the "Estate") and Shamrock
Holdings Group, Inc. ("Shamrock") together own 5,923,454 shares of
voting, $0.01 par value common stock of AGEL, 55,982.61 shares of
Series A Preferred Stock (which is convertible into 1,399,565
shares of common stock) and 4,000 shares of each Series C, D and E
Preferred Stock (which are convertible as of July 21, 2000 into
360,588,361 shares of common stock pursuant to letter agreement
attached hereto as Exhibit "A"), as their interests may appear;

     B.     The Buyers desire to purchase all of the stock (on a
fully converted based) owned by the Estate,  upon the terms and
conditions hereinafter set forth (the "Stock").

     C.     The Trustee on behalf of the Estate is willing to sell
the Stock to the Buyers on the terms and conditions hereinafter
set forth.

     D.     The parties hereto desire to establish their mutual
rights and obligations under this Agreement.

NOW, THEREFORE, in consideration of mutual covenants contained
herein and other valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties agree as
follows:

     1.     Purchase Price.  The purchase price for the sale of
the Stock to the Buyers shall be $98,200.00 (the "Purchase
Price") payable in accordance with the terms of this Agreement.

     2.     Closing Matters. The closing (the "Closing") on the
transactions contemplated by this Agreement shall take place on or
before August  31, 2000 (the "Closing Date") at a time and
location mutually acceptable to the parties.  At the Closing, the
Trustee shall deliver to the Buyers the certificates in the
Estate's possession representing a portion of the Stock and an
affidavit of lost certificate(s) with respect to the
certificates not in the Estate's possession, and all
certificates in the Estate's possession shall be duly endorsed
on the reverse side thereof by the Trustee.  The Buyers shall
deposit with the Escrow Agent cash in an amount equal to the
Purchase Price pursuant to the Escrow Agreement.

     3.      Post Closing Matters.   Immediately following
Closing, AGEL's Board of Directors shall be expanded to not less
than three members (as determined by the Buyers) and the Board
of Directors shall fill said vacancies with individuals
designated by the Buyers.

     4.     Right of Setoff.   The Escrow Amount shall be
reduced and paid to Buyers as a result of any damages asserted
against, imposed upon or incurred by AGEL or the Buyers,
directly or indirectly, by reason of or resulting from any of
the following occurrences:

          4.01     Other than as set forth in the Exceptions
Schedule which is attached hereto as Exhibit "B", AGEL is a
party to any contract, lease, agreement or other undertaking.
Except as set forth in the Exceptions Schedule, any party to any
contract, lease, agreement or other undertaking with AGEL has
any claim against AGEL.
4.02     Except for the requirements of applicable
federal and state securities laws and the Bankruptcy Court
Approval and the approval of the Indiana Gaming Commission,
required, a consent or approval of, or filing or registration
with, any governmental or regulatory authority is required in
connection with the performance of the terms of this Agreement.

          4.03     Except as disclosed in the Exceptions
Schedule, any of AGEL's tax returns and reports required by law
to be filed have not been duly filed, and any taxes,
assessments, fees and other governmental charges have not been
paid or adequately reserved against.

          4.04     Except as disclosed in the Exceptions
Schedule:

          (a)     there is any action, proceeding, claim or
investigation pending against AGEL or to which any of its assets
or properties are subject before any court or any governmental
department, commission, board, bureau, agency or
instrumentality; or

          (b)     there is any outstanding order, writ,
injunction or decree of any court, governmental department,
commission, board, bureau, agency or instrumentality, or any
arbitration award against AGEL.

          4.05     AGEL's authorized capital stock exceeds
3,000,000,000 shares of common stock $.01 par value or 1,000,000
shares of preferred stock, of which more than 12,561,750 shares
(pre-conversion) of common stock are issued and outstanding or
of which more than 67,982.61 shares (pre-conversion) of
preferred stock are issued and outstanding.  Except as set forth
in the Exceptions Schedule, there are any outstanding options,
warrants or other rights to subscribe for, purchase or receive
shares of AGEL common stock or preferred stock or any other
securities convertible into AGEL common stock or preferred
stock.

          4.06     Except as set forth in the Exceptions
Schedule, any of AGEL's current or former officers, directors or
employees has any claim against it except for salaries or other
ordinary expenses, or AGEL is obligated to any of such persons
in any way or for any amount except for salaries, wages or
ordinary expenses. One-half of the $125,000 severance payment
payable on termination of the employment of J. Douglas
Wellington ("Wellington") will be satisfied by Shamrock on
January 31, 2001, from the reserve account which was established
by Shamrock for said severance payment, subject to the terms of
the Employment Agreement between AGEL and Wellington dated as of
December 31, 1999 (the "Wellington Employment Agreement").
Buyers agree to cause AGEL to pay the other half of said
severance payment on January 31, 2001, which amount shall not be
paid out of the Escrow Amount (as defined below) but rather from
other post-closing funds of AGEL.  AGEL will pay to Wellington
the remainder of his base salary under the Wellington Employment
Agreement in a lump sum payment on September 30, 2000, from the
Escrow Amount.  The Buyers agree to cause AGEL to pay to
Wellington on September 30, 2000, $1,500 for the car and rent
allowance which amount shall not be paid out of the Escrow
Amount but rather from post-closing funds of AGEL.

          4.07     Except as set forth in the Exceptions
Schedule, any agent, broker, investment banker, person or firm
acting on behalf of AGEL is or will be entitled to any broker's
or finder's fee or any other commission or fee, directly or
indirectly, in connection with any of the transactions
contemplated hereby.

          4.08     AGEL owns stock or securities evidencing an
ownership interest in any corporation, business trust, firm or
business which may be considered a subsidiary, except as set
forth on the Exceptions Schedule.

          4.09     At Closing, AGEL has cash in an amount of
less than approximately $150,000 or has any liabilities,
contingent or otherwise, other than as set forth on the
Exceptions Schedule.

          4.10     The Trustee has not exercised all conversion
rights with respect to the preferred stock held by him or has
not taken all actions necessary to cause the transfer agent for
AGEL to issue the
360,588,361 shares of common stock as a result of the
conversion.

          4.11     AGEL shall not have complied with the Letter
Agreement (the "Letter Agreement") dated November 23, 1999
between AGEL and Shamrock except as modified by the terms of
this Agreement.

     5.     Escrow Agreement.

          5.01     At the Closing, pursuant to the terms and
subject to the conditions of that certain Escrow Agreement by
and between the Buyers, the Trustee, AGEL and the Escrow Agent,
substantially in the form of Exhibit "C" attached hereto
("Escrow Agreement"), the Purchase Price plus the amount of cash
on hand in AGEL as of Closing less the liabilities set out on
the Exceptions Schedule shall be deposited with the Escrow Agent
(all such amounts deposited pursuant to the terms and subject to
the conditions of the Escrow Agreement as contemplated by this
Agreement shall be referred to in the aggregate as the "Escrow
Amount").  Pursuant to the terms and subject to the conditions
of the Escrow Agreement, promptly following the expiration of
the Termination Date and after giving effect to the final
determination of all claims of the Buyers, unless the parties
instruct the Escrow Agent otherwise, the Escrow Agent shall
distribute to the Estate 98.2% of the Escrow Amount (it being
understood that the other 1.8% of the Escrow Amount shall be
distributed to Shamrock).

          5.02      Any right of setoff under this Agreement
with respect to a claimed breach or the happening of any
occurrence described in Section 4 shall expire on September 30,
2000 (the "Termination Date"), unless on or prior to the
Termination Date a claim has been made by the Buyers.  If a
claim is timely made, it may continue to be asserted beyond the
Termination Date.

          5.03     The amounts which are payable to the Buyers
as a result of the successful determination of a claim or claims
of the Buyers shall be paid solely out of the Escrow Amount
pursuant to the terms and subject to the conditions of the
Escrow Agreement.

     6.      Other Remedies.  In lieu of the right of setoff
described herein, if there is any breach by the Trustee or the
happening of any occurrence described in Section 4 the Buyers
shall, at their option, be entitled to rescind the transactions
contemplated by this Agreement up to and through the Termination
Date.  The Trustee acknowledges and agrees that the right of
setoff described herein alone may not be an adequate remedy for
any breach by the Trustee or the happening of any occurrence
described in Section 4 and accordingly expressly agrees that, in
lieu of the right of setoff described herein, the Buyers shall
be entitled to rescind this transaction.

     7.     Letter Agreement.  The Buyers acknowledge and agree
that under the terms of the Letter Agreement and the Order
Approving Settlement Agreement Among the Debtor, the Bennett
Entities, AGEL and the AGEL Subsidiaries Regarding Compromise
and Settlement of Claims (the "Order") approved by the United
States Bankruptcy Court, Northern District of New York dated
December 23, 1999, AGEL has transferred to Shamrock all of its
right, title and interest in all of its rights, title and
interests under the First Amended Joint Plan of Liquidation for
Am Gam Associates and American Gaming and Resorts of
Mississippi, Inc. (the "Mississippi Interests").  Further, under
the Letter Agreement and Order, AGEL is obligated to deliver or
cause to be delivered directly to Shamrock immediately upon
receipt all payments, distributions, dividends and proceeds of a
type to which AGEL is entitled pursuant to or in connection
therewith the Irrevocable Proxy and Consent Agreement dated as
of August 23, 1996 between and between Paul R. Patridge, Patrick
F. Daly, James A. Everatt, Charles E. Reisert, Eric C. Jackson
and AGEL, as amended (the "Rising Sun Interests").  The Buyers
acknowledge and agree that following the Closing AGEL will
continue to be bound by the terms of the Letter Agreement and
Order and will have no interest or claim to the Mississippi
Interests or Rising Sun Interests.

     8.     Conditions to Closing. The obligations of the
parties under this Agreement are subject to the satisfaction of
the following express conditions precedent at or before the
Closing:
8.01      AGEL and RSR, LLC shall have executed and
delivered a settlement agreement, in form and substance
satisfactory to the Estate and Shamrock; the settlement
agreement shall have been approved by the Indiana Gaming
Commission; and the settlement thereunder shall have closed.

          8.02     The Indiana Gaming Commission shall have
approved the sale of the Stock by the Estate and Shamrock to the
Buyers.

          8.03     The Estate and Shamrock shall cause AGEL to
deliver to the Buyers copies of any books and records of AGEL,
as the Buyers may reasonably request.

          8.04     Buyers shall purchase all of AGEL's shares
owned by Shamrock pursuant to the terms of a Stock Purchase
Agreement of even date herewith.

          8.05     The United States Bankruptcy Court for the
Northern District of New York shall have approved the sale of
the Stock by the Estate pursuant to the terms of this Agreement,
free and clear of claims, liens and encumbrances, and the
conversion of the Series C, D and E preferred stock into common
stock ("Bankruptcy Court Approval") and the Order approving the
sale and conversion shall have become final.

          8.06     AGEL and J. Douglas Wellington shall have
agreed upon the terms of a new consulting/employment agreement
which agreement will be subject to the Closing of this Agreement
and the Stock Purchase Agreement with Shamrock.

     9.     Termination and Postponement.  This Agreement may be
terminated, and the transactions provided for herein abandoned,
at any time prior to but not after the Closing, as follows:

          9.01     by mutual consent of the Buyers and the
Trustee;

          9.02     by the Buyers or the Trustee, if any of the
conditions set forth in Article VIII shall not have been met or
cannot reasonably be met by the Closing Date; or

          9.03     by the Buyers or the Trustee if the Closing
has not been consummated by August 31, 2000.

                   In the event of the termination and
abandonment of this Agreement and the transactions contemplated
hereby, this Agreement shall become void and of no effect,
without any liability on the part of any party or its directors,
officers or shareholders.

    10.     Miscellaneous.

          10.01     All notices, requests, demands and other
communications which are required or may be given pursuant to
the terms of this Agreement shall be in written or electronic
form and shall be deemed delivered (i) on the date of delivery
when delivered by hand, (ii) on the date of transmission when
sent by facsimile transmission during normal business hours with
telephone confirmation of receipt, (iii) one day after dispatch
when sent by overnight courier maintaining records of receipt,
or (iv) three days after dispatch when sent by certified mail,
postage prepaid, return-receipt requested; provided that, in an
any such case, such communication is addressed as provided in
the immediately following paragraph.  All notices, requests,
demands and other communications which are required or may be
given pursuant to the terms of this Agreement shall be addressed
as follows:
(i)     If to the Trustee:

                         Richard C. Breeden
                         100 Northfield Street
                         Greenwich, CT 06831
                         Telephone: 203-618-0065
                         Facsimile: 203-618-0063

                    with a copy to:

                         James M. Cotter, Esq.
                         Simpson Thacher & Bartlett
                         425 Lexington Avenue
                         New York, New York 10166
                         Telephone: 212-455-2000
                         Facsimile: 212-455-2502

               (ii)     If to the Buyers:

                         John F. Fisbeck
                         7931 West 86th Street
                         Indianapolis, Indiana 46278
                         Telephone:     317-262-4250
                         Facsimile:     317-262-4106

                    with a copy to:

                         Robert J. Milford, Esq. or
                         Constance J. Gustafson, Esq.
                         Lowe Gray Steele and Darko, LLP
                         Bank One Tower
                         111 Monument Circle, Suite 4600
                         Indianapolis, Indiana 46204-5146
                         Telephone:     317-236-8020
                         Facsimile:     317-236-6472

     Any party may change its address or the designation of the
intended recipient of notice provided that it notifies the other
parties in accordance with the terms of this section.

          10.02     This Agreement shall not be assigned by the
Trustee but the Buyers may, without the Trustee's approval,
assign their interests. This Agreement shall inure to the
benefit of and be binding upon the parties hereto and their
successors and permitted assigns.  Nothing in this Agreement is
intended to confer, expressly or by implication, upon any other
person any rights or remedies under or by reason of this
Agreement.

          10.03     This Agreement shall be governed by, and
construed and enforced in accordance with, the internal laws of
the State of Indiana (without giving effect to the conflicts of
law provisions thereof).

          10.04     This Agreement may be executed in two or
more counterparts, each of which shall be deemed an original and
which together shall constitute a single instrument. The parties
agree that they will accept executed documents with facsimile
signatures which will be promptly replaced with original
signatures.

          10.05     The Trustee and the Buyers agree that the
timing and content of any press
release or other public announcement with respect to this
Agreement and the transactions contemplated hereby shall be
subject to mutual agreement of the parties hereto to the maximum
extent feasible and consistent with their respective legal
obligations to disseminate material information to their
stockholders and the public.

          10.06     This Agreement, Schedules, and the
Consulting Agreement between AGEL and J. Douglas Wellington,
contain the entire understanding and agreement between the
parties hereto with respect to the transactions contemplated
hereby and supersede all prior and contemporaneous agreements or
understandings, express or implied, oral or written, between the
parties with respect to the subject matter hereof.

          10.07     At any time prior to the Closing Date, the
parties hereto may, by written agreement (i) extend the time for
the performance of any of the obligations or other acts of the
parties hereto, (ii) waive any inaccuracies in the
representations and warranties contained in this Agreement or in
any schedule or document delivered pursuant hereto and (iii)
waive compliance with any of the covenants or agreements
contained in this Agreement.

          10.08     If any covenant or provision hereof is
determined to be void or unenforceable in whole or in part, it
shall not be deemed to affect or impair the invalidity of any
other covenant or provision, each of which is hereby declared to
be separate and distinct.  If any provision of this Agreement is
so broad as to be unenforceable, such provision shall be
interpreted to be only so broad as is enforceable.  If any
provision of this Agreement is declared invalid or unenforceable
for any reason other than overbreadth, the offending provision
will be modified so as to maintain the essential benefits of the
bargain among the parties hereto to the maximum extent possible,
consistent with law and public policy.

          10.09     If any legal action or any other proceeding
is brought for the enforcement of this Agreement, or because of
an alleged dispute, breach, default, or misrepresentation in
connection with any of the provisions of this Agreement, the
successful or prevailing party or parties shall be entitled to
recover reasonable attorney's fees and other costs incurred in
that action or proceeding, in addition to any other relief to
which it or they may be entitled.

          10.10     The parties submit to the jurisdiction of
the United State Bankruptcy Court for the Northern District of
New York for resolution of any disputes or controversies arising
out of this Agreement.

          10.11     The representations and warranties,
covenants and obligations of the parties contained herein shall
survive the Closing Date.  There are no promises, undertakings,
representations or warranties by the Trustee relative to the
subject matter hereof not expressly set forth herein.

          10.12     The Trustee and Buyers shall each bear their
respective costs and expenses incurred prior to Closing,
including legal, accounting and other expenses, in connection
with the proposed sale.

          10.13     Richard C. Breeden is entering into this
Agreement solely in his capacity as Trustee and shall have no
personal responsibility or liability whatsoever under this
Agreement.

          10.14     J. Douglas Wellington is entering into this
Agreement solely in his capacity as President and CEO of AGEL
and shall have no personal responsibility or liability
whatsoever under this Agreement.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
IN WITNESS WHEREOF, the parties have executed this Agreement on
the day and year first above written.

                                           DAVID B. MCLANE
                                           _______________________
                                           David B. McLane

                                           JOHN F. FISBECK
                                           _______________________
                                           John F. Fisbeck

          [SIGNATURE PAGE TO BREEDEN STOCK PURCHASE AGREEMENT]
IN WITNESS WHEREOF, the parties have executed this Agreement on
the day and year first above written.

                                         CARTER M. FORTUNE
                                         _________________________
                                         Carter M. Fortune

          [SIGNATURE PAGE TO BREEDEN STOCK PURCHASE AGREEMENT]
RICHARD C. BREEDEN
                                       ______________________
                                       Richard C. Breeden,
                                       Trustee of the
                                       Bennett Funding Group, Inc.

        [SIGNATURE PAGE TO BREEDEN STOCK PURCHASE AGREEMENT]
AMERICAN GAMING & ENTERTAINMENT, LTD.

                            J. DOUGLAS WELLINGTON
                            ______________________________________
                            J. Douglas Wellington,
                            President and CEO

           [SIGNATURE PAGE TO BREEDEN STOCK PURCHASE AGREEMENT]