UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 12b-25
NOTIFICATION OF LATE FILING
1-10084 761 165 109
SEC FILE NUMBER CUSIP NUMBER
(x) FORM 10-KSB ( ) FORM 20-F ( ) FORM 11-K ( ) FORM 10-QSB ( ) FORM N-SAR
FOR THE PERIOD ENDED: December 31, 1996
If the notification relates to a portion of the filing checked above,
identify the items to which the notification relates: N/A
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PART I - REGISTRANT INFORMATION
Full Name of Registrant: RESORT INCOME INVESTORS, INC.
Former Name if Applicable: Not Applicable
Address of Principal Executive Offices: 150 South Wacker Drive,
Suite 2900, Chicago, IL 60606
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. (Check box if appropriate)
( ) (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
(X) (b) The subject annual report, semi-annual report, transition
report on Form 10-KSB, Form 20-F, 11-K, Form 10-QSB or Form N-SAR,
or portion thereof, will be filed on or before the fifteenth
calendar day following the prescribed due date; or the subject
quarterly report of transition report on Form 10-QSB, or portion
thereof will be filed on or before the fifth calendar day
following the prescribed due date; and
( ) (c) The accountant's statement or other exhibit required by
Rule 12b-25(c) has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-KSB, 11-K,
10-QSB, N-SAR, or the transition report or portion thereof, could not be
filed within the prescribed time period.
The Annual Report on Form 10-KSB of Resort Income Investors, Inc. (the
"Registrant") will not be completed by March 31, 1997, the last day for a
timely filing of such Annual Report for the period ended December 31, 1996.
Additional time is required in order to enable the Registrant to file a
complete and accurate report without unreasonable effort or expense. The
Registrant is awaiting finalization of certain information in order for
their auditors to complete their year end audit procedures. The Form
10-KSB will be filed on or before April 15, 1997 in accordance with Rule
12b-25(b).
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Neil Hansen (312) 683-5512
(2) Have all other periodic reports under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940 during the preceding 12 months or for such
shorter period that the Registrant was required to file such
reports been filed? If 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 statements 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 quantitatively, and, if appropriate, state
the reasons why a reasonable estimate of the results cannot
be made.
RESORT INCOME INVESTORS, INC.
(Exact name of Registrant as specified in its charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: March 31, 1997 By:/s/ John R. Young
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John R. Young, Chairman of the Board of
Directors, Chief Executive Officer,
President and Chief Financial Officer
