UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 144
NOTICE OF PROPOSED SALE OF SECURITIES
PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
1. (a) NAME OF ISSUER: Note Bankers of America, Inc.
(b) IRS INDENT. NO.: 84-0882076
(c) SEC FILE NO.: 0-12240
(d) ADDRESS OF ISSUER:
STREET: 770 S. Post Oak Lane, Suite 690
CITY: Houston
STATE: Texas
ZIP CODE: 77056
2. (a) NAME OF PERSON FOR
WHOSE ACCOUNT THE
SECURITIES ARE TO BE SOLD: E. Donald DeYoung
(b) SOCIAL SECURITY NO. OR
IRS IDENT. NO.: ###-##-####
(c) RELATIONSHIP TO ISSUER: Officer, director and
10% stockholder
(d) ADDRESS:
STREET: 5319 Del Monte Drive
CITY: Houston
STATE: Texas
ZIP CODE: 77056-4209
3. (a) TITLE OF THE CLASS OF
SECURITIES TO BE SOLD: Common
(b) NAME AND ADDRESS OF
EACH BROKER THROUGH
WHOM THE SECURITIES
ARE TO BE OFFERED OR
EACH MARKET MAKER
WHO IS ACQUIRING
THE SECURITIES: Fidelity Brokerage Services, Inc.
C/O National Financial Services Corp.
P.O. Box 3750
New York, NY 10008-3750
(c) NUMBER OF SHARES OR
OTHER UNITS TO BE SOLD: 98,500
(d) AGGREGATE MARKET VALUE: $295,500
(e) NUMBER OF SHARES OR
OTHER UNITS
OUTSTANDING: 22,430,000
(f) APPROXIMATE DATE OF
SALE: ASAP
(g) NAME OF EACH SECURITIES
EXCHANGE: None; NASD OTC electronic bulletin board
<PAGE>
<TABLE>
<CAPTION>
TABLE I - SECURITIES TO BE SOLD
Nature of Name of Person Amount of Nature
Title of Date Acquisition from Whom Securities Date of of
the Class Acquired Transaction Acquired Acquired Payment Payment
- --------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Common 10/5/94 Share Exchange Note Bankers of 9,392,000(1) 10/5/94 Services
from General America, Inc. Rendered
Genetics (1) and
Corporation (1) debt
cancel
(2)
- --------------------------------------------------------------------------------------
</TABLE>
NOTES:
(1)Originally acquired Life Today, Inc. common stock 10/4/94 for services
rendered. On August 15, 1996, received 20,000 shares of Private Mortgage
Bankers, Inc. ("PMB")in share exchange for all Life Today common. On
September 15, 1996, received 9,392,000 shares of General Genetics Corporation
("GGC") common in share exchange for all of PMB common. On September 24,
1996, pursuant to reorganization of GGC including change of name to Note
Bankers of America, Inc., received 9,392,000 shares of NBA in exchange for GGC
common. See Form 8-K/A dated November 4, 1996 filed on behalf of General
Genetics Corporation.
(2)Life Today, Inc. issued convertible promissory note to DeYoung to
acquire tangible assets from DeYoung. NBA issued 125,000 shares of common in
conversion of note.
<TABLE>
<CAPTION>
TABLE II - SECURITIES SOLD DURING THE PAST 3 MONTHS
Title of
Securities Date of Amount of Gross
Name and Address of Seller Sold Sale Securities Sold Proceeds
- -------------------------- ---------- ------- --------------- ---------
<S> <C> <C> <C> <C>
E. Donald DeYoung Common 1-16-97 1,500 $ 5,875
- -------------------------- ---------- ------- --------------- ---------
</TABLE>
REMARKS:
ATTENTION:
The Person for whose account the securities to which this
notice relates are to be sold hereby represents by signing this notice that he
does not know any material adverse information in regard to the current and
prospective operations of the Issuer of the securities to be sold which has
not been publicly disclosed.
May 2, 1997/S/ E. Donald DeYoung
_________________________________________________________________________
DATE OF NOTICESIGNATURE
ATTENTION: Intentional misstatements or omission of facts constitute Federal
Criminal Violations (See 18 U.S.C. 1001).