Supplement to Prospectus dated July 23, 1997
SEARCH FINANCIAL SERVICES INC.
1,277,024 Shares of Common Stock
319,256 Shares of 9%/7% Convertible Preferred Stock
1,277,030 Warrants Expiring March 14, 2001
The Warrants to purchase shares of Common Stock expiring March 14, 2001
("Warrants") of Search Financial Services Inc. ("Search") were approved for
trading on The Nasdaq National Market ("NASDAQ") in March 1997. Due to delays in
effecting wide distribution of the Warrants, a new application to list the
Warrants on NASDAQ was required and is now pending. There continues to be no
active trading of the Warrants.
In December 1997, Search issued the Warrants to purchase 625,000 shares
of its Common Stock that it was obligated to issue pursuant to the
reorganization plan of its Fund Subsidiaries.
The date of this Prospectus Supplement is December 10, 1997.
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