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The Thaxton Group
1534 Pageland Highway
Lancaster, South Carolina 29721
(803) 285-4336
November 14, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington DC 20549
Attention: Andrea R. Biller
Re: The Thaxton Group, Inc.
Registration Statement on Form SB-2 (No. 333-28713)
Ladies and Gentlemen:
Pursuant to Rule 477 under the Securities Act of 1933, The Thaxton Group,
Inc. (the "Company") hereby requests that the Commission consent to withdrawal
of the above-referenced registration statement. The pricing committee of the
Company's board of directors has determined that current market conditions
would not allow completion of the contemplated offering on terms acceptable
to the committee. Please note that no preliminary prospectus related to the
offering has been circulated.
Very truly yours,
/s/ KENNETH H. JAMES
Kenneth H. James
Chief Financial Officer
