Opinion of Counsel and Consent of Counsel

STEPP LAW GROUP
A PROFESSIONAL CORPORATION
32 EXECUTIVE PARK, SUITE 105
IRVINE, CALIFORNIA 92614

November 13, 2003

Monaco Group Inc.
20A Voyager Court South
Etobicoke, Ontario, Canada M9W 5M7

Re:  Registration Statement on Form SB-2

Ladies and Gentlemen:

As special counsel to Monaco Group Inc., a Delaware corporation (the "Company"),
we have reviewed the form of that certain Registration Statement on Form SB-2 to
be filed with the Securities and Exchange Commission  ("Commission") pursuant to
the Securities Act of 1933, as amended ("Act"),  relating to the registration of
326,500  shares  of the  Company's  $.001 par value  common  stock  owned by the
selling stockholders  ("Registration  Statement") ("Shares"). As special counsel
to the  Company,  we have relied  solely  upon  representations  and  warranties
provided by officers  and other  representatives  of the Company for purposes of
this opinion.  Based upon such  representations  and  warranties,  we are of the
opinion  that the  Shares,  when sold,  will be legally  issued,  fully paid and
non-assessable shares of the common stock of the Company.

We  consent  to the  use of  this  opinion  as an  exhibit  to the  Registration
Statement.  In giving this  consent,  we do not hereby  admit that we are in the
category of persons whose  consent is required  pursuant to Section 7 of the Act
or the rules and regulations of the Commission pursuant thereto.

This opinion  relates only to matters of Delaware  corporate  law. We express no
opinion as to compliance with the laws in any other jurisdiction and the effect,
if any, which  non-compliance with such laws might have. Nothing in this opinion
shall be deemed to relate to or constitute an opinion concerning any matters not
specifically set forth herein.

We  hereby  consent  to the  inclusion  of this  opinion  as an  exhibit  to the
Registration Statement on Form SB-2 filed by the Company.

The  Company is hereby  advised,  urged,  and  encouraged  to retain  securities
counsel in each  jurisdiction  outside the United States in which the Shares may
be offered and sold by those selling stockholders  regarding compliance with the
securities laws of such jurisdiction.

This opinion is as of the date of this letter.

Sincerely,


/s/ Thomas E. Stepp, Jr.
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Stepp Law Group