[DESCRIPTION]STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP



FORM 4

/X/  Check this box if no longer                         OMB APPROVAL
     subject to Section 16,                          OMB NUMBER: 3235-0287
     Form 4 or Form 5                             EXPIRES: SEPTEMBER 30, 1998
     obligations may continue.                      ESTIMATED AVERAGE BURDEN
     See Instruction 1(b)                            HOURS PER RESPONSE 0.5


                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                  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 Responses)
1.   Name and Address of Reporting Person*

     Tsai                            Aaron
     (Last)                         (First)                   (Middle)

     17 N. Governor St.
     (Street)

     Evansville                       IN                        47711
     (City)                         (State)                     (Zip)

2.   Issuer Name and Ticker or Trading Symbol

     MAS Acquisition XXIII Corp. (N/A)

3.   IRS or Social Security Number of Reporting Person (Voluntary)

4.   Statement for Month/Year

     10/00

5.   If Amendment, Date of Original (Month/Year)

     n/a

6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)

     (   )  Director                              (   )  10% Owner
     (   )  Officer (give title below)            ( X )  Other (specify below)

     Former Officer and Director.

7.   Individual or Joint/Group Filing (Check Applicable Line)

     ( X )  Form filed by One Reporting Person
     (   )  Form filed by More than One Reporting Person


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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security 2. Transaction Date (Instr. 3) (Month/Day/Year) - -------------------------------------- ------------------------ a. Common Stock, par value $.001 10/9/2000 - -------------------------------------- ------------------------ b. - -------------------------------------- ------------------------ c. - -------------------------------------- ------------------------ d. - -------------------------------------- ------------------------ e. - -------------------------------------- ------------------------ f. - -------------------------------------- ------------------------ 3. Transaction 4. Securities Acquired (A) or Code Disposed of (D) (Instr. 8) (Instr. 3, 4 and 5) - ------------------- ------------------------------------------- Code V Amount (A) or (D) Price - --------- ------- ------------- ------------- ------------- a. J(see note 1) 7,922,400 D n/a - --------- ------- ------------- ------------- ------------- b. - --------- ------- ------------- ------------- ------------- c. - --------- ------- ------------- ------------- ------------- d. - --------- ------- ------------- ------------- ------------- e. - --------- ------- ------------- ------------- ------------- f. - --------- ------- ------------- ------------- ------------- 5. Amount of Securities 6. Ownership Form: 7. Nature of Indirect Beneficially Owned Direct (D) or Beneficial Ownership at End of Month Indirect (I) (Instr. 4) (Instr. 4) (Instr. 3 and 4) - ------------------------------ ------------------ ----------------------- a. 327,600 I See Note 1 - ------------------------------ ------------------ ----------------------- b. - ------------------------------ ------------------ ----------------------- c. - ------------------------------ ------------------ ----------------------- d. - ------------------------------ ------------------ ----------------------- e. - ------------------------------ ------------------ ----------------------- f. - ------------------------------ ------------------ ----------------------- Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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FORM 4 (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g, puts, calls, warrants, options, convertible securities) 1. Title of 2. Conver- 3. Transac- 4. Transac- 5. Number of Derivative sion or tion tion Derivative Security Exercise Date Code Securities (Instr. 3) Price (Month/ Acquired (A) or of Day/ (Instr. 8) Disposed of (D) Derivative Year) (Instr. 3, 4 and 5) Security ------------- -------------------- Code V (A) (D) - -------------- -------------- ---------- ---- ------ --------- ---------- a. - -------------- -------------- ---------- ---- ------ --------- ---------- b. - -------------- -------------- ---------- ---- ------ --------- ---------- c. - -------------- -------------- ---------- ---- ------ --------- ---------- d. - -------------- -------------- ---------- ---- ------ --------- ---------- e. - -------------- -------------- ---------- ---- ------ --------- ---------- f. - -------------- -------------- ---------- ---- ------ --------- ---------- 6. Date Exercisable 7. Title and Amount of Underlying 8. Price of and Expiration Securities Derivative Date (Instr. 3 and 4) Security (Month/Day/Year) (Instr. 5) - ---------------------------- --------------------------------- Date Expiration Title Amount or Exercisable Date Number of Shares - ----------------- ----------- ----------------- -------------- ------------- a. - ----------------- ----------- ----------------- -------------- ------------- b. - ----------------- ----------- ----------------- -------------- ------------- c. - ----------------- ----------- ----------------- -------------- ------------- d. - ----------------- ----------- ----------------- -------------- ------------- e. - ----------------- ----------- ----------------- -------------- ------------- f. - ----------------- ----------- ----------------- -------------- ------------- 9. Number of 10. Ownership Form 11. Nature of Derivative of Deriva- Indirect Securities tive Beneficial Beneficially Security: Ownership Owned at Direct (D) (Instr. 4) End of Month or Indirect (Instr. 4) (I) (Instr. 4) - ------------------- -------------------- ----------------- a. - ------------------- -------------------- ----------------- b. - ------------------- -------------------- ----------------- c. - ------------------- -------------------- ----------------- d. - ------------------- -------------------- ----------------- e. - ------------------- -------------------- ----------------- f. - ------------------- -------------------- -----------------
Explanation of Responses: (1) MAS Capital Inc. returned 7,922,400 Shares of common stock of MAS Acquisition XXIII Corp. for cancellation pursuant to a Contribution Agreement between MAS Acquisition XXIII and seven subscribers collectively referred to as Hopkins Capital Group. Aaron Tsai is the control person of MAS Capital Inc. /s/ Aaron Tsai October 11, 2000 - -------------------------------- ---------------------- ** Signature of Reporting Person Date ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 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. Page 3