content: FORM 8-K
  
  
  CURRENT REPORT
  
  FISCAL YEAR ENDING AUGUST 31, 2000
  
  
  ALLIED ARTISTS ENTERTAINMENT GROUP INC.
  (Exact name of Registrant as specified in its charter)
  	Nevada	                0-212423	    942906927
  (State of Incorporation) (Commission File Number) (U.S. Employer ID Number)
  
  	1801 Avenue of the Stars, Suite 600, Los Angeles, CA	90067
  	(Address of principal executive offices)	(Zip Code)
  
  
  Registrant's Telephone Number, including Area Code: (310) 589-0466
  
  ITEM 1: Changes in Control of Registrant:
  	N/A
  ITEM 2:	Acquisition or Disposition of Assets:
  	N/A
  ITEM 3:	Legal Proceedings - Bankruptcy or Receivership:
  
  There are no legal, bankruptcy and/or receivership proceedings. However,
  the Company is in the process of bringing the appropriate legal action
  against the former owner of Allied Entertainment Group, Inc. The Company
  has recently learned that it has been defrauded by K. Dean Richards. Richards
  led The Company to believe that it was acquiring the 90 year old company
  known as Allied Artists, when in fact Richards formed a Delaware company
  "Allied Entertainment Group" and falsely stated that it owned the 90 year
  old Allied Artists when in fact the Delaware Allied Entertainment Group
  was only a shell. Believing in the representations of Richards, The Company
  invested $600,000 in Allied Entertainment Group under the management of
  Richards. One of the reasons that The Company believed the representations
  of Richards is due to the fact that Richards was and or is the Chairman
  surviving Allied Artists of the 90 year old Allied Artists. The Company
  is preparing to sue Richards for specific performance, fraud, libel,
  slander, control of alliedartists.com, and other possible causes of actions.
  The company will launch its own web site in order to capitalize on the name
  of Allied Artists that it did acquire from Richards. Richards is now claiming
  that the Delaware corporation Allied Entertainment Group is really owned by
  Allied Artists International, a Nevada corporation. However, Nevada records
  reveal that Allied Artists International was only formed on September 14,
  2000 a date long after The Company had already purchased Allied Entertainment
  Group. Further to Richards attempt to cancel the sell of Allied Entertainment
  Group to the Company, on October 17, 2000 he caused Daniel Ramos to form
  Allied Artists Entertainment Group as a California corporation exactly copying
  the Company's new legal name.
  
  Note
  
  
  
  ITEM 4:  Change in Registrant's Certifying Accountant:
  
           The accounting firm representing the Company shall continue to be:
  
           Andrew M. Smith CPA
           3711 Long Beach Blvd, Suite 809
           Long Beach, Ca 90807
  
  ITEM 5:  Other Events
  
  
  ITEM 6:  Registrant Directors and Officers
  
           The Company is in the process of appointing a new president
  
  
  ITEM 7:  Market for the Registrant's Common Equity and Related Shareholder
           Matter:
  
  The quotes below are from the OTC Bulletin Board, These numbers represent an
  average. The Company's stock was thinly traded in fiscal year ended.
  
                 High    Low
  BID           $3.00    $.0625
  ASK           $3.50    $.25
  
  1)	As of August 31., 2000, the Company had approximately 1560 shareholders
          of record.
  2)	The Company has not declared any cash dividends on its common stock.
  
  
  BUSINESS
  
  The Company's television division has signed a production and distribution deal
  with Apple Juice Productions, which has just completed a pilot for Kings Pawn,
  a comedy series. Several other series are currently in production, and will be
  announced at a later time.
  
  
  Financial Statements and Supplementary Data:
  
  
  The Company filed its audited financial statements for the year ending
  August 31, 2000 with the Securities and Exchange Commission. The Company
  will amend its 10-K to decrease the value of its investment in Allied
  Entertainment Group.
  
  SIGNATURES:
  
  Pursuant to the requirements of Section 13 or 15(d), 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.
  
  ALLIED ARTISTS ENTERTAINMENT GROUP, INC.
  
  
  
  _____________________________L/S
  James Watkins, Corporate Secretary
  Dated April 3, 2001
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
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metadata_filer: {"company-data": {"conformed-name": "ALLIED ARTISTS ENTERTAINMENT GROUP INC", "cik": "0000725752", "assigned-sic": "4953", "irs-number": "942906927", "state-of-incorporation": "NV", "fiscal-year-end": "0831"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-12423", "film-number": "1600756"}, "business-address": {"street1": "3711 LONG BEACH BLVD", "street2": "SUITE 809", "city": "LONG BEACH", "state": "CA", "zip": "90809", "phone": "5624273887"}, "mail-address": {"street1": "3711 LONG BEACH BLVD", "street2": "SUITE 809", "city": "LONG BEACH", "state": "CA", "zip": "90807"}, "former-company": [{"former-conformed-name": "ALLIED ENTERTAINMENT GROUP INC", "date-changed": "20001018"}, {"former-conformed-name": "MERIT DIVERSIFIED INTERNATIONAL INC", "date-changed": "19930607"}]}
text: FORM 8-K
  
  CURRENT REPORT
  
  FISCAL YEAR ENDING AUGUST 31, 2000
  
  ALLIED ARTISTS ENTERTAINMENT GROUP INC.
  (Exact name of Registrant as specified in its charter)
  	Nevada	                0-212423	    942906927
  (State of Incorporation) (Commission File Number) (U.S. Employer ID Number)
  
  	1801 Avenue of the Stars, Suite 600, Los Angeles, CA	90067
  	(Address of principal executive offices)	(Zip Code)
  
  Registrant's Telephone Number, including Area Code: (310) 589-0466
  
  ITEM 1: Changes in Control of Registrant:
  	N/A
  ITEM 2:	Acquisition or Disposition of Assets:
  	N/A
  ITEM 3:	Legal Proceedings - Bankruptcy or Receivership:
  
  There are no legal, bankruptcy and/or receivership proceedings. However,
  the Company is in the process of bringing the appropriate legal action
  against the former owner of Allied Entertainment Group, Inc. The Company
  has recently learned that it has been defrauded by K. Dean Richards. Richards
  led The Company to believe that it was acquiring the 90 year old company
  known as Allied Artists, when in fact Richards formed a Delaware company
  "Allied Entertainment Group" and falsely stated that it owned the 90 year
  old Allied Artists when in fact the Delaware Allied Entertainment Group
  was only a shell. Believing in the representations of Richards, The Company
  invested $600,000 in Allied Entertainment Group under the management of
  Richards. One of the reasons that The Company believed the representations
  of Richards is due to the fact that Richards was and or is the Chairman
  surviving Allied Artists of the 90 year old Allied Artists. The Company
  is preparing to sue Richards for specific performance, fraud, libel,
  slander, control of alliedartists.com, and other possible causes of actions.
  The company will launch its own web site in order to capitalize on the name
  of Allied Artists that it did acquire from Richards. Richards is now claiming
  that the Delaware corporation Allied Entertainment Group is really owned by
  Allied Artists International, a Nevada corporation. However, Nevada records
  reveal that Allied Artists International was only formed on September 14,
  2000 a date long after The Company had already purchased Allied Entertainment
  Group. Further to Richards attempt to cancel the sell of Allied Entertainment
  Group to the Company, on October 17, 2000 he caused Daniel Ramos to form
  Allied Artists Entertainment Group as a California corporation exactly copying
  the Company's new legal name.
  
  Note
  
  ITEM 4:  Change in Registrant's Certifying Accountant:
  
           The accounting firm representing the Company shall continue to be:
  
           Andrew M. Smith CPA
           3711 Long Beach Blvd, Suite 809
           Long Beach, Ca 90807
  
  ITEM 5:  Other Events
  
  ITEM 6:  Registrant Directors and Officers
  
           The Company is in the process of appointing a new president
  
  ITEM 7:  Market for the Registrant's Common Equity and Related Shareholder
           Matter:
  
  The quotes below are from the OTC Bulletin Board, These numbers represent an
  average. The Company's stock was thinly traded in fiscal year ended.
  
                 High    Low
  BID           $3.00    $.0625
  ASK           $3.50    $.25
  
  1)	As of August 31., 2000, the Company had approximately 1560 shareholders
          of record.
  2)	The Company has not declared any cash dividends on its common stock.
  
  BUSINESS
  
  The Company's television division has signed a production and distribution deal
  with Apple Juice Productions, which has just completed a pilot for Kings Pawn,
  a comedy series. Several other series are currently in production, and will be
  announced at a later time.
  
  Financial Statements and Supplementary Data:
  
  The Company filed its audited financial statements for the year ending
  August 31, 2000 with the Securities and Exchange Commission. The Company
  will amend its 10-K to decrease the value of its investment in Allied
  Entertainment Group.
  
  SIGNATURES:
  
  Pursuant to the requirements of Section 13 or 15(d), 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.
  
  ALLIED ARTISTS ENTERTAINMENT GROUP, INC.
  
  _____________________________L/S
  James Watkins, Corporate Secretary
  Dated April 3, 2001
  
  3