File No.033-61077
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AMENDMENT NO. 1 TO
FORM T-1 (305B 2/A)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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STATEMENTS OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939
OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY
OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) [ X ]
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AMARILLO NATIONAL BANK
(Exact name of Trustee as specified in its charter)
75-0109799
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(IRS Employer I.D. No.)
410 S. Taylor Amarillo, TX 79101
_____________ ____________ _____
(Address of principal executive offices) (Zip Code)
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Gerald G. Morgan, Jr.
5700 S. W. 45th
Amarillo, Texas 79109
(806)358-8116
________________
(Name, Address, and telephone number of agent for service)
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CHURCH LOANS & INVESTMENTS TRUST
________________________________
(Exact name of obligor as specified in its charter)
Texas 75-6030254
______________________________ _______________________
(State of other jurisdiction of (IRS Employer I.D. No.)
incorporation or organization)
5305 I-40 West Amarillo, TX 79106
______________ ____________ _____
(Address of principal executive offices) (Zip Code)
________________
SECURED SAVINGS CERTIFICATES
(Title of indenture securities)
This application relates to all of the securities registered.
_________________________________________________________________
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GENERAL
Item 1. General information.
(a) Office of Controller of Currency
Southwestern District
1600 Lincoln Plaza
500 North Akard
Dallas, TX 75001
Federal Deposit Insurance Corporation
300 North Ervay Street, Suite 3300
Dallas, Texas 75201
(b) Yes
Item 2. Affiliations with obligor and underwriters.
None
Item 3. Voting securities.
As of June 30, 1997
Col. A Col. B
Title of Class Amount Outstanding
Common capital stock, par value
$10 per share . . . . . . . . . . 500,000 shares*
*Amarillo National Bank is a wholly-owned subsidiary
of Amarillo National Bancorp, Inc.
CONFLICTS OF INTERESTS
Item 4. Trusteeships under other indentures.
(a) None
(b) Not applicable
Item 5. Interlocking directorates and similar relationships with the
obligor or underwriters.
None
Item 6. Voting securities of the trustee owned by the obligor or its
officials.
As of June 30, 1997 - None
Item 7. Voting securities of the trustee owned by underwriters or
their officials.
As of June 30, 1997 - None
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Item 8. Securities of the obligor owned or held by the trustee.
As of June 30, 1997 - None
Item 9. Securities of underwriters owned or held by the trustee.
As of June 30, 1997 - None
Item 10. Ownership or holdings by the trustee of voting securities of
certain affiliates or security holders of the obligor.
As of June 30, 1997 - None
Item 11. Ownership or holdings by the trustee of any securities of a
person owning 50 percent or more of the voting securities of
the obligor.
As of June 30, 1997 - None
Item 12. Indebtedness of the Obligor to the Trustee
As of June 30, 1997 - None
Item 13. Defaults by the Obligor
(a) As of June 30, 1997 there is no default nor has there
been a default under this indenture, except for a
technical default due to undercollaterialization of
the certificates as required by the Indenture.
However, such default was immediately cured in each
such case.
(b) Not applicable
Item 14. Affiliations with the Underwriters.
None
Item 15. Foreign Trustee.
Not Applicable
Item 16. List of Exhibits.
Exhibit TIA(1)
Copy of the Amended Articles of Association of the Trustee
dated January 16, 1985 will be manually filed with the
Commission.
Exhibit TIA(2)
Copy of the Certificates of Authority to commence the
business of banking dated March 18, 1892 and June 25, 1934
will be manually filed with the Commission.
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Exhibit TIA(3)
Copy of Certificate of Board of Govenors of the Federal
Reserve System to exercise trust power dated March 8, 1950
will be manually filed with the Commission.
Exhibit TIA(4)
Copy of existing Bylaws of the Trustee will be manually filed
with the Commission.
Exhibit TIA(5)
Not applicable
Exhibit TIA(6)
Consent of Trustee required by Section 321(b) of the Act will
be manually filed with the Commission.
Exhibit TIA(7)
Report of condition of Trustee at closing of business as of
March 31, 1997 will be manually filed with the Commission.
Exhibit TIA(8)
Not applicable
Exhibit TIA(9)
Not applicable
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the
Trustee, Amarillo National Bank, Amarillo, Texas, a federal banking corporation
organized and existing under the laws of the United States, has duly caused
this statement of eligibility and qualification to be signed on its behalf by
the undersigned, thereunto duly authorized, and its seal to be hereunto affixed
and attested, all in the City of Amarillo, Texas, on the __th day of July, 1997.
AMARILLO NATIONAL BANK
By:/s/David E. Byrd
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David E. Byrd,
Senior Vice President and
Trust Officer
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