BNL FINANCIAL CORP, DEF 14C, 1996-05-10

BNL FINANCIAL CORP
DEF 14C, 1996-05-10
LIFE INSURANCE

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May 8, 1996


















May 8, 1996
                                                                      246-5579



Mr. Bob Quigley
Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, D. C. 20549

Re:      BNL Financial Corporation
         Registration on Form SB-2
         File No. 0-16880

Dear Mr. Quigley:

On  behalf  of BNL  Financial  Corporation,  we  request  that the  Registration
Statement on Form SB-2  pertaining  to the  Company's  1994 Brokers' and Agents'
Non-qualified  Stock Option Plan will become  effective  at 10:00 a.m.,  eastern
daylight time, on Friday, May 10, 1996.

Please contact the undersigned should you wish to discuss this matter.

Very truly yours,



Wendy L. Carlson

WLC/dc
cc:      Barry N. Shamas




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