VEST H D INC /TX/
SC 13D, 2000-08-24
FINANCE SERVICES
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                                 United States
                      Securities and Exchange Commission
                            Washington, D.C. 20549

                                 SCHEDULE 13D

Name of Issuer: H.D. Vest, Inc.

Title of Class of Securities: Common Stock

CUSIP Number: 404150-10-4

Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications: R. Bredt Norwood, 6333 North State Highway 161, 4/th/ Floor,
Irving, TX 75038 972-870-6000

Date of Event which Requires Filing of this Statement:  August 16, 2000
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                           Schedule 13D Page 2 of 2

CUSIP No. 404150-10-4

1.   Name of Reporting Person
     I.R.S. Identification No. of above person

     Matthew Wilson Vest, SS# ###-##-####

2.   Check the appropriate box if a member of a group

3.   SEC Use Only

4.   Source of Funds

     PF and OO (gift)

5.   Check if Disclosure of Legal Proceedings is Required pursuant to Items 2(d)
     or 2 (e)

6.   Citizenship or Place of Organization

     USA

7.   Sole Voting Power            97,335
8.   Shared Voting Power         423,266
9.   Sole Dispositive Power       97,335
10.  Shared Dispositive Power    423,266

11.  Aggregate Amount Beneficially Owner by Each Reporting Person  308,968

12.  Check Box if the aggregate Amount in row (11) excludes certain shares

13.  Percent of Class represented by amount on row (11)   5.697%

14.  Type of Reporting Person        IN
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                                 SCHEDULE 13D

              Schedule of Information to Be Provided With Filing
                           Pursuant to Section 13(d)

Item 1.  Security and Issuer


         H.D. Vest, Inc. Common Stock

         H.D. Vest, Inc.
         6333 N. State Hwy 161, 4th Floor
         Irving, Texas 75038

Item 2.  Identity and Background

(a)      Matthew Wilson Vest

(b)      9462 East Valley Ranch Parkway, Apt. 2039, Irving, TX 75063

(c)      Newspaper Editor, North Lake Community College, 5001 North MacArthur
         Boulevard, Irving, TX 75038

(d)      No.

(e)      No.

(f)      United States of America

Item 3.  Source and Amount of Funds or Other Consideration

         Gift and purchase with personal funds.

Item 4.  Purpose of Transaction

         Receipt of gift and purchase of H.D. Vest, Inc., common stock.
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Item 5.  Interest in Securities of the Issuer

(a)      Aggregate number and percentage - 308,968, 5.697%


(b)      Sole Voting Power - 97,335
         Shared Voting Power - 423,266
         Sole Dispositive Power - 97,335
         Shared Dispositive Power - 423,266

(c)      Transactions in past sixty days - None

(d)      None

(e)      N/A

Item 6.  Contracts, Arrangements, Understandings or Relationships with Respect
         to Securities of the Issuer

         423,266 shares held in trust in which the person named in Item 2 along
         with Daniel Martin Vest is co-trustee and beneficiary.

Item 7.  Material to Be Filed as Exhibits

         None
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Signature

         After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

August 24, 2000
____________________________________________________________________________
Date
/s/ Matthew Wilson Vest
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Signature

Matthew Wilson Vest, Newspaper Editor
-------------------------------------
Name/Title


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