<PAGE> 1
Filed Pursuant to Rule 424(b)(3)
Registration No. 333-81217
America's Senior Financial Services, Inc.
SUPPLEMENT NO. 1
TO
PROSPECTUS DATED OCTOBER 12, 1999
The section of the prospectus entitled "Plan of Distribution/Selling
Security Holders" is amended to reflect an error in the number of shares of
common stock owned by Mr. Louis Weltman and to include the number of shares of
common stock owned by ViStra Quickseed Fund, LLC, an affiliate of Mr. Weltman,
which shares were previously incorrectly included in the number of shares of
common stock owned by Mr. Weltman. The ownership of the shares is as follows:
<TABLE>
<CAPTION>
Beneficial Ownership After the
Number of Shares Which Offering*
Number of Shares and May Be Offered Pursuant ------------------------------------
Name Warrants Owned to this Prospectus SHARES PERCENTAGE
- --------------------------- -------------------- ----------------------- ---------------- ----------------
<S> <C> <C> <C> <C>
Louis S. Weltman(a) 228,888(a) 0 228,888 3.2%
ViStra Quickseed Fund, LLC 420,600 399,488 21,112 **
</TABLE>
- ----------
* Assuming all shares are sold.
** Less than 1%.
(a) Mr. Weltman is a principal of Vistra Growth Partners, Inc., which provides
investment banking services to the Company pursuant to an agreement. This
number represents shares issuable upon the exercise of warrants to purchase
common stock owned by Mr. Weltman.
THE DATE OF THIS PROSPECTUS SUPPLEMENT IS DECEMBER 13, 1999.
