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                    U.S. SECURITIES AND EXCHANGE COMMISSION

                            WASHINGTON, D.C. 20549

                                 FORM 12b-25

                         NOTIFICATION OF LATE FILING


                                 (Check One):

        [ ] Form 10-K and Form 10-KSB   [ ] Form 20-F   [ ] Form 11-K
                [X] Form 10-Q and Form 10-QSB   [ ] Form N-SAR

                For Period Ended:   June 30, 1995
                [ ] Transition Report on Form 10-K
                [ ] Transition Report on Form 20-F
                [ ] Transition Report on Form 11-K
                [ ] Transition Report on Form 10-Q
                [ ] Transition Report on Form N-SAR
                For the Transition Period Ended:
                                                
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        Read Attached Instruction Sheet Before Preparing Form. Please Print or 
Type.

        Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.

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        If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates: Not Applicable

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                       PART I - REGISTRANT INFORMATION

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        Full Name of Registrant:      Bounty Group, Inc.
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        Former Name If Applicable:           N/A
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              2500 Tanglewidle, Suite 250, Houston, Texas 77063
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          Address of Principal Executive Office (Street and Number),
                           City, State and Zip Code



                      PART II - RULES 12b-25(b) AND (c)

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If the subject report could not be filed without unreasonable effort or 
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed.  (Check box if appropriate)

      [X] (a)  The reasons described in reasonable detail in Part III of this
               form could not be eliminated without unreasonable effort or 
               expense;

      [X] (b)  The subject annual report, semi-annual report, transition report
               on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof
               will be filed on or before the fifteenth calendar day following
               the prescribed due date; or the subject quarterly report or
               transition report on Form 10-Q, or portion thereof will be filed
               on or before the fifth calendar day following the prescribed due
               date; and

      [ ] (c)  The accountant's statement or other exhibit required by Rule
               12b-25(c) has been attached if applicable.

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                             PART III - NARRATIVE
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State below in reasonable detail the reasons why the Form 10-K and 10-KSB, 
20-F, 11-K, 10-Q, and 10-QSB, N-SAR, or the transition report or portion 
thereof, could not be filed within the prescribed time period.  

                                              (Attach Extra Sheets if Needed) 

        The Company is experiencing computer problems and cannot access the
information to finalize the 10-Q. 


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                         PART IV - OTHER INFORMATION
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        (1)  Name and telephone number of person to contact in regard to this
notification

               Hege Risberg                   713               975-1900
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                  (Name)                  (Area Code)       (Telephone Number)

        (2)  Have all other periodic reports required under Section 13 or 15(d)
of the Securities Exchange Act of 1934 or Section 30 of the Investment Company 
Act of 1940 during the preceding 12 months or for such shorter period that
the registrant was required to file such report(s) been filed?  If answer is
no, identify report(s).

                                                       [X] Yes    [ ] No
                                        

        (3)  Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or 
portion thereof?

                                                       [ ] Yes    [X] No
                                        
        If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.

                              Bounty Group, Inc.
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                 (Name of Registrant as specified in charter)

has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.


Date: August 9, 1995                     By:    /s/ Hege Risberg
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                                            Name:  Hege Risberg
                                            Title: Treasurer

INSTRUCTION:  The form may be signed by an executive officer of the registrant
or by any other duly authorized representative.  The name and title of the
person signing the form shall be typed or printed beneath the signature.  If
the statement is signed on behalf of the registrant by an authorized
representative (other than an executive officer), evidence of the
representative's authority to sign on behalf of the registrant shall be filed
with the form.

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                                  ATTENTION
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        Intentional misstatements or omissions of fact constitute Federal
Criminal Violations (See 18 U.S.C. 1001).

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