SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. [_______])*
Wilshire Financial Services Group Inc.
(Name of issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
971867106
(CUSIP number)
* 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 the disclosures provided
in a prior cover page.
The information required in 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).
13G
CUSIP No. 971867106
1 NAME OF REPORTING PERSON; S.S. or I.R.S. IDENTIFICATION NO.
Andrew A. Wiederhorn
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
5 SOLE VOTING POWER 4,347,128
NUMBER OF
SHARES
BENEFICIALLY 6 SHARED VOTING POWER 0
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER 4,347,128
PERSON
WITH
8 SHARED DISPOSITIVE POWER 0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,347,128
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
52.4%
12 TYPE OF REPORTING PERSON
IN
Item 1. Name of Issuer
(a) Wilshire Financial Services Group Inc.
Address of Issuer's Principal Executive Offices:
(b) 1776 SW Madison St.
Portland, OR 97205
Item 2. Name of Person Filing:
(a) Andrew A. Wiederhorn
Address of Principal Business Office or, if none,
Residence:
(b) 1776 SW Madison St.
Portland, OR 97205
Citizenship
(c) United States
Title of Class of Securities
(d) Common Stock, par value $.01 per share
CUSIP Number
(e) 971867106
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or
13d-2(b), check whether the person filing is a:
Not Applicable
Item 4. Ownership
(a) 4,347,128 shares of Common Stock, par value $.01 per
share
(b) 52.4%
(c) (i) 4,347,128
(ii) 0
(iii)4,347,128
(iv) 0
Item 5. Ownership of Five Percent or Less of a Class
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent
Holding Company
Not Applicable.
Item 8. Identification and Classification of Members of the Group
Not Applicable.
Item 9. Notice of Dissolution of the Group
Not Applicable.
Item 10. Certification
Not Applicable.
SIGNATURE
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.
Date: February 14, 1997 /s/ Andrew A. Wiederhorn
Andrew A. Wiederhorn
