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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12B-25
Commission File Number 1-9208
NOTIFICATION OF LATE FILING
(Check One): [ ] Form 10-K [ ] Form 11-K [ ] Form 20-F [XX] Form 10-Q SB
[ ]Form N-SAR
For Period Ended: March 31, 1999
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[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
For the Transition Period Ended:
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If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
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Part I. Registrant Information
Full name of registrant Franklin American Corporation
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Former name if applicable
NA
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Address of principal executive office (Street and number)
377 Riverside Drive
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City, State and Zip Code Franklin, Tennessee 37065
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PART II. RULE 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 appropriate box.)
[ ] (a) The reasons described in reasonable detain in Part III of this
form could not be eliminated without reasonable effort or expense;
[ ] (b) The subject annual report, semi-annual report, transition report
on Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or
before the 15th calendar day following the prescribed due date; or the subject
quarterly report or transition report on Form 10-Q, or portion thereof will be
filed on or before the 15th 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
The operating subsidiaries of the Registrant have been placed in
Rehabilitation pursuant to Court orders in Mississippi and Tennessee. At this
time the Registrant is not able to verify the accuracy of its financial
statements for the quarter ended March 31, 1999. The Registrant will file the
Form 10-QSB for the quarter ended March 31, 1999 when such financial
information is verified.
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PART IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification W. William Davis (615) 377-3557 (Name) Area Code) (Telephone
Number)
(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 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 or
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 [ ] No
If so: attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons why
reasonable estimate of the results cannot be made.
Franklin American Corporation
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(Name of registrant as specified in charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized
Date May 18, 1999 By: /s/ John A. Hackney
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Name: John A. Hackney
Title: Chairman and Chief Executive Officer
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