AMERICAN SOUTHWEST FINANCIAL CORP
8-K, 1994-12-09
INVESTORS, NEC
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                SECURITIES AND EXCHANGE COMMISSION


                      Washington, D.C. 20549


                             FORM 8-K


                          CURRENT REPORT


             Pursuant to Section 13 or 15(d) of the 


                 Securities Exchange Act of 1934



Date of Report (Date of earliest event reported):  November 30, 1994            


             American Southwest Financial Corporation            
     
      (Exact name of registrant as specified in its charter)

       Arizona                      2-79415             86-0439495     
(State or other jurisdiction      (Commission          (IRS Employer
     of incorporation)             File Number)    (Identification No.)

2390 E. Camelback Road, Suite 225     Phoenix, AZ           85016        
(Address of principal executive office)                   (Zip Code)

Registrant's telephone number, including area code: (602) 381-8960


                         Not Applicable                          
  (Former name or former address, if changed since last report)



Item 8.   Change in Fiscal Year.

     As  of  November  30,  1994,  American  Southwest  Financial

Corporation  has changed its  fiscal year end to  December 31.  A

Transition  Report Form  10-K will  be filed  for  the transition

period of July 1, 1994 through December 31, 1994.




                            SIGNATURES

Pursuant to  the requirements of  the Securities Exchange  Act of

1934, Registrant has duly caused this report to  be signed on its

behalf by the undersigned thereunto duly authorized.


                                   AMERICAN SOUTHWEST FINANCIAL
                                   CORPORATION
                                   (Registrant)


Date:   December 9, 1994           By: /s/  Richard H. Hackett        
                                       -------------------------
                                   Richard H. Hackett
                                   Executive Vice President, 
                                   Treasurer, Chief Financial Officer
                                   and Accounting Officer



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