Rule 424 (b) (2)
File No. 033-61077
SUPPLEMENT DATED JANUARY 29, 1996
(To Prospectus dated September 7, 1995)
$20,000,000
CHURCH LOANS & INVESTMENTS TRUST
A Real Estate Investment Trust
Secured Savings Certificates, Series O
The following replaces the current rates of interest payable by the Trust
upon Certificates offered as show on the first page of the Prospectus:
Duration $1,000-$99,999 $100,000-$249,999 $250,000 & Up
------------------ -------------- ----------------- -------------
Less than 6 months 5.25% 5.75% 6.00%
6 months ......... 5.50% 6.00% 6.25%
12 months ........ 5.75% 6.50% 6.75%
18 months ........ 6.00% 6.75% 7.00%
30 months and over 6.25% 7.25% 7.50%
