4 1 file001.txt FORM 4 FORM 4 _________________________________ | OMB APPROVAL | [X] Check this box if no longer subject _________________________________ to Section 16. Form 4 or Form 5 | OMB Number: 3235-0287| obligations may continue. See | Expires: December 31, 2001| Instruction 1(b). | Estimated average burden | | 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* Kozlov Herbert F. ----------------------------------------------------- (Last) (First) (Middle) c/o Parker Duryee Rosoff & Haft 529 Fifth Avenue - 8th Floor ----------------------------------------------------- (Street) New York New York 10017 ----------------------------------------------------- (City) (State) (Zip) ------------------------------------------------------------------------------- 2. Issuer Name and Ticker or Trading Symbol Magnum Sports & Entertainment, Inc. (MAGZ) ------------------------------------------------------------------------------- 3. IRS or Social Security Number of Reporting Person (Voluntary) ------------------------------------------------------------------------------- 4. Statement for Month/Year August 2001 ------------------------------------------------------------------------------- 5. If Amendment, Date of Original (Month/Year) ------------------------------------------------------------------------------- 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ] Director [ ] 10% Owner [ ] Officer (give title below) [X] Other (specify below) FORMER DIRECTOR (RESIGNED 8/22/01) ---------------------------------- ------------------------------------------------------------------------------- 7. Individual or Joint/Group Filing (Check Applicable Line) [X] Form filed by One Reporting Person [ ] Form filed by More than One Reporting Person -------------------------------------------------------------------------------

FORM 4 (continued)

Explanation of Responses: Mr. Kozlov resigned from the Board of Directors on 8/22/01. The shares reported herein were sold by Mr. Kozlov's spouse but are deemed beneficially owned by Mr. Kozlov. /s/ Herbert F. Kozlov 8/28/01 ---------------------------------------- -------------------- ** 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).

MAGNUM SPORTS & ENTERTAINMENT INC 4