PIONEER FINANCIAL CORP \KY\
15-12G, 1998-08-03
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                SECURITIES AND EXCHANGE COMMISSION

                      Washington, D.C. 20549


                             FORM 15

Certification and Notice of Termination of Registration under
Section 12(g) of the Securities Exchange Act of 1934 or Suspension
of Duty to File Reports Under Sections 13 and 15(d) of the
Securities Exchange Act of 1934.

                  Commission File Number 0-28076

                  PIONEER FINANCIAL CORPORATION
      (Exact name of registrant as specified in its charter)

                      25 East Hickman Street
                    Winchester, Kentucky 40391
                          (606)744-3972
  (Address, including zip code, and telephone number, including
     area code, of registrant's principal executive offices)

           Common Stock, par value of $1.00 per share 
     (Title of each class of securities covered by this Form)

                               None
      (Titles of all other classes of securities for which a
    duty to file reports under section 13(a) or 15(d) remains)

     Please place an X in the box(es) to designate the appropriate
rule provision(s) relied upon to terminate or suspend the duty to
file reports:

     Rule 12g-4(a)(1)(i)   [X]     Rule 12h-3(b)(1)(ii)  [ ]
     Rule 12g-4(a)(1)(ii)  [ ]     Rule 12h-3(b)(2)(i)   [ ]
     Rule 12g-4(a)(2)(i)   [ ]     Rule 12h-3(b)(2)(ii)  [ ] 
     Rule 12g-4(a)(2)(ii)  [ ]     Rule 15d-6            [ ]
     Rule 12h-3(b)(1)(i)   [X]

     Approximate number of holders of record as of the
certification or notice date:  321

     Pursuant to the requirements of the Securities Exchange Act of
1934, Pioneer Financial Corporation, has caused this
certification/notice to be signed on its behalf by the undersigned
duly authorized person.

Date:  July 31, 1998               By:  /s/ Carl C. Norton



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