<PAGE> OMB Number 3235-0287
Expires: September 30, 1998
Estimated average burden
hours per response 0.5
FORM 4
/XX/ Check this box if no longer
subject to Section 16. Form 4 or
Form 5 obligations may continue.
See Instruction 1(b).
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of
1934,
Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
1. Name and Address of Reporting Person*
<< VAN KASPER & COMPANY
600 California St., Suite 1700, San Francisco, CA 94108-2704 >>
______________________________________________________________________
(Last) (First) (Middle), (Street), (City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
<< Provident American Corporation (PAMC) >>
3. IRS or Social Security Number of Reporting Person (Voluntary) ________
4. Statement for Month/Year
<< 11-98 >>
5. If Amendment, Date of Original (Month/Year) ___________
6. Relationship of reporting person to issuer
(Check all applicable)
____ Director ____ 10% Owner
____ Officer (give XXXX Other (specify
title below) below)
<< Former 10% Owner. >>
7. Individual or Joint/Group Filing (Check Applicable line)
XXXX Form filed by one Reporting Person
____ Form filed by More than One Reporting Person
SEC 1474 (7-96)
<PAGE>
FORM 4 (continued) Page 2 of 4 Pages
Table I - Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
1. Title of Security (Instr. 3)
<< COMMON STOCK >>
2. Transaction Date (Month/Day/Year)
<< November 3, 1998 >>
3. Transaction Code (Instr. 8)
Code V
<< J __________ >>
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount (A) or (D) Price
<< 362,200 D $ N/A >>
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4)
<< 175,000 >>
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
<< I >>
7. Nature of Indirect Beneficial Ownership (Inst. 4)
<< By discretionary brokerage customer accounts. >>
<PAGE>
FORM 4 (continued) Page 3 of 4 Pages
Table II - Derivative Securities Acquired, Disposed of,
or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
1. Title of Derivative Security (Instr. 3)
___________________
2. Conversion or Exercise Price of Derivative Security
__________
3. Transaction Date (Month/Day/Year)
________
4. Transaction Code (Instr. 8)
Code V
_____ ____________
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
(A) _____________ (D) _________________
6. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable _______ Expiration Date _________
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
Title Amount or Number of Shares
____________ ________________
8. Price of Derivative Security (Instr. 5)
$_________
9. Number of derivative Securities Beneficially Owned at End of Month
(Instr. 4)
________________________
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership (Inst. 4)
______________________________________________________________________
<PAGE>
FORM 4 (continued) Page 4 of 4 Pages
Explanation of Responses: VAN KASPER & COMPANY 12-9-98
Date
The reporting person has
only a pro rata interest in
the securities reported and By: /s/ John Chung
disclaims beneficial ownership John Chung, General Counsel
of the securities reported except
to the extent of the reporting
person's pecuniary interest.
Clients of the Reporting Person
terminated discretionary brokerage
accounts.
** Signature of Reporting Person
** Intentional misstatements or omissions of facts constitute
Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection
of information contained in this form are not required to respond
unless the form displays a currently valid OMB Number. SEC 1474 (7-96)
4450/12/1018738
