U.S. Securities and Exchange Commission

                             Washington, D.C. 20549



                                    FORM 8-K



                                 CURRENT REPORT

          PURSUANT TO SECTION 13 OF THE SECURITIES EXCHANGE ACT OF 1934


                          DATE OF REPORT: JUNE 6, 1996



                         MEDICAL ASSET MANAGEMENT, INC.

                             A Delaware Corporation

        COMMISSION FILE NO. 0-27236                    EIN: 33--0359976



                           4447 E. Broadway, Suite 102
                               Mesa, Arizona 85206


                             Telephone: 602-830-7414







<PAGE>


    Item 1.       N/A

    Item 2.       N/A

    Item 3.       N/A

    Item 4.       N/A

    Item 5.       Other Matters.

                  On May 31, 1996 the Company sold 2,000,000 shares of 
                  restricted common stock to a group of 30 accredited investors
                  (as defined in Regulation D) for $ 8,000,000.00. The gross
                  proceeds less selling expenses will be used to reduce
                  indebtedness and increase working capital. Cruttenden Roth
                  Incorporated of Irvine, California was the selling agent. The
                  total number of issued and outstanding shares of common stock
                  prior to the private placement as of May 30, 1996 was
                  11,343,132.

    Item 6.       N/A

    Item 7.       Financial Statements and Exhibits.

                  Financial information is not yet available.

    Item 8.       N/A

                                    SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, this
    registrant caused this registration statement to be signed on its behalf by
    the undersigned, thereunto duly authorized.


    MEDICAL ASSET MANAGEMENT, INC.


    Dated:     JUNE 6, 1996


    By:        /S/ JOHN REGAN
               ---------------------
              John Regan, President
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U.S. Securities and Exchange Commission

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

          PURSUANT TO SECTION 13 OF THE SECURITIES EXCHANGE ACT OF 1934

                          DATE OF REPORT: JUNE 6, 1996

                         MEDICAL ASSET MANAGEMENT, INC.

                             A Delaware Corporation

        COMMISSION FILE NO. 0-27236                    EIN: 33--0359976

                           4447 E. Broadway, Suite 102
                               Mesa, Arizona 85206

                             Telephone: 602-830-7414
Item 1.       N/A

    Item 2.       N/A

    Item 3.       N/A

    Item 4.       N/A

    Item 5.       Other Matters.

                  On May 31, 1996 the Company sold 2,000,000 shares of 
                  restricted common stock to a group of 30 accredited investors
                  (as defined in Regulation D) for $ 8,000,000.00. The gross
                  proceeds less selling expenses will be used to reduce
                  indebtedness and increase working capital. Cruttenden Roth
                  Incorporated of Irvine, California was the selling agent. The
                  total number of issued and outstanding shares of common stock
                  prior to the private placement as of May 30, 1996 was
                  11,343,132.

    Item 6.       N/A

    Item 7.       Financial Statements and Exhibits.

                  Financial information is not yet available.

    Item 8.       N/A

                                    SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, this
    registrant caused this registration statement to be signed on its behalf by
    the undersigned, thereunto duly authorized.

    MEDICAL ASSET MANAGEMENT, INC.

    Dated:     JUNE 6, 1996

    By:        /S/ JOHN REGAN
               ---------------------
              John Regan, President