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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
AMENDED CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: June 28, 1995
Amendment to Form 8-K dated June 14, 1995
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CHURCH LOANS & INVESTMENTS TRUST
(Exact name of Registrant as specified in charter)
Texas 0-8117 75-6030254
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification Number)
5305 I-40 West
Amarillo, Texas 79106
806-358-3666
(Address, including zip code and telephone number,
including area code, of Registrant's principal
executive offices)
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Item 4. Changes in Registrant's Certifying Accountants
KPMG Peat Marwick LLP was previously the principal accountants for Church
Loans & Investments Trust ("the Trust"). As of June 1, 1995, KPMG Peat Marwick
LLP sold its Amarillo, Texas office to Clifton, Gunderson & Co. Therefore, on
June 14, 1995 the Trust dismissed KPMG Peat Marwick LLP as the Trust's
independent auditors. The decision to change accountants was approved by the
Board of Trust Managers.
The KPMG Peat Marwick LLP report on the financial statements for the past
two fiscal years did not contain any adverse opinion, disclaimer of opinion, nor
any qualification or modification as to uncertainty, audit scope, or accounting
principles.
Furthermore, there were no disagreements with KPMG Peat Marwick LLP on any
matter of accounting principles or practices, financial statement disclosure, or
auditing scope or procedures, which disagreements if not resolved to their
satisfaction would have caused them to make reference in connection with their
opinion to the subject matter of the disagreement in regard to the audits of the
fiscal years ended March 31, 1994 and March 31, 1995 and the subsequent interim
period through June 14, 1995. A letter from KPMG Peat Marwick LLP is attached as
Exhibit "A".
The Board of Trust Managers engaged Clifton, Gunderson & Co., independent
certified public accountants, on June 14, 1995, as the auditors of the financial
statements of the Trust for the fiscal year ending March 31, 1996.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CHURCH LOANS & INVESTMENTS TRUST
Date: June 28, 1995 By: /s/ B. R. McMorries
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B. R. McMorries,
Chairman of the
Board of Trust Managers
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======= Exhibit "A" =======
June 28, 1995
Office of the Chief Accountant
SECPS Letter Files
Securities and Exchange Commission
Mail Stop 9-5
450 Fifth Street, N.W.
Washington, D.C. 20549
Dear Ladies and Gentlemen:
We were previously principal accountants for Church Loans & Investments Trust
and, under the date of May 5, 1995, we reported on the financial statements of
Church Loans & Investments Trust as of March 31, 1995 and 1994 and for the three
year period ended March 31, 1995. On June 14, 1995 our appointment as principal
accountants was terminated. We have read Church Loans & Investments Trust
statements included under Item 4 of its Form 8-K dated June 14, 1995 and
included under Item 4 of its Form 8- K/A dated June 28, 1995, and we agree with
such statements, except that we are not in a position to agree or disagree with
Church Loans & Investments Trust's statement that the change was approved by the
Board of Trust Managers.
Very truly yours,
/s/ KPMG Peat Marwick LLP
Fort Worth, Texas
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