UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C. 20549
                                
                                
                          SCHEDULE 13D
            Under the Securities Exchange Act of 1934
                      (Amendment No. ____ )
                                
                                
                                
                     Flexweight Corporation
                        (Name of Issuer)
                                
                                
                                
                  Common Stock, par value $0.10
                 (Title of Class of Securities)
                                
                                
                                
                           339385 20 5
                         (CUSIP Number)
                                
                                
                                           Ken Kurtz, 2133 East
            9400 South, Suite 151, Sandy, Utah 84093
   (Name, address and telephone number of person authorized to
               receive notices and communications)
                                
                                
                                
                           May 4, 1998
     (Date of Event which Requires Filing of This Statement)


     If  the  filing person has previously filed a statement
     on  Schedule  13G  to  report the acquisition  that  is
     subject  of  this  Schedule 13D,  and  is  filing  this
     schedule  because  of  240.13d-1(e),  240.13d-1(f)   or
     240.13d-1(g), check the following box (    )  .

     Note:  Schedules filed in paper format shall include  a
     signed  original  and  five  copies  of  the  schedule,
     including  all  exhibits.   See  240.13d-7  for   other
     parties to whom copies are to be sent.

     *The  remainder of this cover page shall be filled  out
     for  a  reporting person's initial filing on this  form
     with  respect  to the subject class of securities,  and
     for  any  subsequent  amendment containing  information
     which  would alter disclosure provided in a prior cover
     page.

     The information required on the remainder of this cover
     page  shall not be deemed to be "filed" for the purpose
     of  Section 18 of the Securities Exchange Act  of  1934
     ("Act") or otherwise subject to the liabilities of that
     section  of the Act but shall be subject to  all  other
     provisions of the Act (however, see the Notes).



                          SCHEDULE 13D
CUSIP No.  339385 20 5



1)        NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION
          NO. OF ABOVE PERSON
          Park Street Investments, Inc. ("Park Street")       87-0517103


2)        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  (A)  (  )
          N/A
                                                            (B)  (  )


3)        SEC USE ONLY



4)        SOURCE OF FUNDS
          OO


5)        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
          REQUIRED PURSUANT TO ITEMS 2(d) or 2(e).      (    )


6)        CITIZENSHIP OR PLACE OF ORGANIZATION
          Park Street was organized in the State of Utah.


                        7)  SOLE VOTING POWER
NUMBER OF                     352,680 (9.4%)
SHARES
BENEFICIALLY            8)  SHARED VOTING POWER
OWNED BY                      -0-
EACH
REPORTING               9)  SOLE DISPOSITIVE POWER
PERSON WITH                   352,680 (9.4%)
               
                       10)  SHARED DISPOSITIVE POWER
                              -0-

11)       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
          PERSON
          352,680


12)       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
          CERTAIN SHARES (  )

13)       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
          9.4%

13)       TYPE OF REPORTING PERSON 
          Park Street ---  CO



Item 1.  Security and Issuer

This statement relates to common stock, par value $0.10 per
share, of Flexweight Corporation ("Common Stock").  Flexweight
Corporation ("Flexweight") is a Kansas corporation with principal
executive offices at 2133 East 9400 South, Suite 151, Sandy, Utah
84093.

Item 2.  Identity and Background

(a)       This statement is filed by Park Street Investments,
Inc., a Utah corporation ("Park Street").

(b)       The business address for Park Street is 2133 East 9400
South, Suite 151, Sandy, Utah 84093.

(c)       The principal business of Park Street is providing
financial and business consulting services.

(d)       During the last five years, Park Street has not been
convicted in a criminal proceeding (excluding traffic
violations and similar misdemeanors)

(e)       During the last five years, Park Street was not party
to a civil proceeding that resulted in a judgment, decree or
final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.

(f)       United States

Item 3.  Source and Amount of Funds or Other Consideration

On August 8, 1996, Park Street received 97,612 shares of Common
Stock of the issuer as compensation by way of engagement fee.  On
April 8, 1998 the Majority Shareholders of the issuer effected a
1-for-100 reverse stock split on the Company's issued and
outstanding Common Stock.  On May 4, 1998, Park Street received
349,000 post reverse split shares of Common Stock of the Issuer
as compensation for consulting services pursuant to a Financial
Consulting Agreement dated July 1, 1997 and a Reorganization
Agreement dated May 1, 1998.  On May 12, 1998, Park Street
received 2,703 additional post reverse split shares for expenses
paid on behalf of the Issuer.

Item 4.  Purpose of Transaction

Please see Item 3, "Source and Amount of Funds or Other
Consideration", above.

Item 5.  Interest in Securities of the Issuer

(a)       The aggregate number and percentage of class of
  securities identified pursuant to Item 1 beneficially owned by
  each person named in Item 2 may be found in rows 11 and 13 of
  the cover page.

(b)       The powers each person identified in the preceding
  paragraph has relative to the shares discussed herein may be
  found in rows 7 through 10 of the cover page.

(c)       There were no transactions in the class of securities
  reported on that were effected during the last sixty days
  aside from those discussed herein.

(d)       No person aside from the reporting persons listed
  herein has the right to receive or power to direct the receipt
  of dividends from, or the proceeds from the sale of, such
  securities.

(e)       Not Applicable.

Item 6.  Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.

The Issuer entered into a Financial Consulting Agreement with
Park Street dated July 1, 1997 for an initial term of two years,
whereby Park Street was to provide the Issuer with consulting
services.  On May 1, 1998, the Issuer and its subsidiary Flex
Holdings, Inc., a Nevada corporation, signed a Reorganization
Agreement, whereby Park Street was to be issued 349,000 shares,
registered under Section S-8 of the Securities Act, as amended.

Item 7.  Material to Be Filed as Exhibits.

Financial Consulting Agreement dated July 1, 1997 by and between
Park Street Investments, Inc. and Flexweight Corporation,
incorporated herein by reference from the Issuer's report on Form
10-K for the fiscal year ended August 31, 1997.

Reorganization Agreement dated May 1, 1998 by and between
Flexweight Corporation, Flex Holdings, Inc. and Oasis Hotel,
Resort & Casino - III, Inc., incorporated herein by reference
from the Issuer's current report on Form 8-K dated May 1, 1998.

  After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.


Park Street Investment, Inc.


/s/
Ken Kurtz, President

Dated:        6/2/98