U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING SEC File No. 1-9828
[X] Form 10-K/A CUSIP NO. 363127 10 1
For period ended: 12/31/98
Nothing in this form shall be construed to imply that the
Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked
above, identify the Item(s) to which the notification relates:
The Form 10-K/A will provide information called for by Items 10,
11, 12, and 13 of Form 10-K and will supplement the exhibits
provided in Item 14.
Part I--Registrant Information
Full Name of Registrant:
GAINSCO, INC.
Address of Principal Executive Office:
500 Commerce Street
Fort Worth, TX 76102
PART II Rules 12b-25 (b) and (c)
If the subject report could not be filed without unreasonable
effort or expense and the registrant seeks relief pursuant to
Rule 12b-25(b), the following should be completed.
(a) The reasons described in reasonable detail in Part III of
this form could not be eliminated without unreasonable effort or
expense;
(b) The subject annual report amendment will be filed on or
before the fifteenth calendar day following the prescribed due
date; and
(c) No exhibit referred to in Rule 12b-25(c) is applicable.
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PART III--Narrative
The Company is involved in a previously
announced process for the pursuit of
strategic alternatives to increase
shareholder values. This process has
diverted the time and attention of key
personnel and made the development of
key data impossible without unreasonable
difficulty or expense.
PART IV Other Information
(1) Name and telephone number of person to contact in regard to
this notification:
Sam Rosen, Corporate Secretary; telephone 817/877-8108
(2) Have all other periodic reports required under section 13 or
15(d) of the Securities Exchange Act of 1934 or section 30 of
the Investment Company of 1940 during the preceding 12 months or
for such shorter period that the registrant was required to file
such report(s) been filed?
If the answer is no, identify report(s).
[X ] Yes [ ] No
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year
will be reflected by the earnings statement to be included in the
subject report or portion thereof?
[ ] Yes [X ] No
If so, attach an explanation of the anticipated change, both
narratively and quantitively, and, if appropriate, state the
reasons why a reasonable estimate of results cannot be made.
GAINSCO, INC. has caused this notification to be signed on its
behalf by the undersigned thereunto duly authorized.
Date: 04/30/99 By: /s/ Sam Rosen
Sam Rosen, Corporate Secretary
