[DESCRIPTION]STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP


<PAGE>

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


                                                                       Page 1


<PAGE>


<TABLE>
<CAPTION>
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.  Title of Security                  2.  Transaction Date     
    (Instr. 3)                             (Month/Day/Year)         
--------------------------------------  ------------------------   
    <S>                                    <C>                         
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
---------   -------  -------------  -------------  -------------
   <S>      <C>        <C>              <C>            <C>                
a. J(see note 1)       7,922,400        D              n/a
---------   -------  -------------  -------------  -------------

b. 
---------   -------  -------------  -------------  -------------

c. 
---------   -------  -------------  -------------  -------------

d.
---------   -------  -------------  -------------  -------------

e.
---------   -------  -------------  -------------  -------------

f.
---------   -------  -------------  -------------  -------------


<CAPTION>
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) 

------------------------------  ------------------  -----------------------
    <S>                             <C>                <C>
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).
</TABLE>


                                                                        Page 2


<PAGE>


<TABLE>
<CAPTION>

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)
--------------  --------------  ----------  ----   ------  --------- ----------
  <S>           <C>             <C>         <C>    <C>     <C>       <C>
a.
--------------  --------------  ----------  ----   ------  --------- ----------

b.
--------------  --------------  ----------  ----   ------  --------- ----------

c.
--------------  --------------  ----------  ----   ------  --------- ----------

d.
--------------  --------------  ----------  ----   ------  --------- ----------

e.
--------------  --------------  ----------  ----   ------  --------- ----------

f.
--------------  --------------  ----------  ----   ------  --------- ----------

<CAPTION>

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
----------------- -----------  -----------------  --------------  -------------
    <S>            <C>          <C>                <C>             <C>         
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)

-------------------  --------------------  -----------------
   <S>                <C>                   <C>           
a.
-------------------  --------------------  -----------------

b.
-------------------  --------------------  -----------------

c.
-------------------  --------------------  -----------------

d.
-------------------  --------------------  -----------------

e.
-------------------  --------------------  -----------------

f.
-------------------  --------------------  -----------------

</TABLE>


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