AUTOLEND GROUP INC
10-Q/A, 1996-11-27
INSURANCE AGENTS, BROKERS & SERVICE
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 10-Q/A


     [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                For the quarterly period ended September 30, 1996
                                       OR
     [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
                              EXCHANGE ACT OF 1934
         For the transition period from ______________ to _____________


                         Commission file number 1-10569
                         ------------------------------
                              AutoLend Group, Inc.
                         ------------------------------
             (Exact name of registrant as specified in the charter)

                  DELAWARE                               22-3137244
                  --------                               ----------
       (State or other jurisdiction of                 (IRS Employer
       incorporation or organization)                 Identification No.)

         215 CENTRAL NW, SUITE 3B
           ALBUQUERQUE, NEW MEXICO                               87102
  (Address of principal executive offices)                    (Zip Code)

              (Registrant's telephone number, including area code)
                                 (505) 768-1000



Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports) and (2) has been subject to such filing
requirements for the past 90 days.

                            YES  [X]   NO  [ ]


Indicate number of shares outstanding of each of the issuer's classes of common
stock, as of the latest practical date:

  Common Stock, $.002 par value                       4,634,530 shares
  -----------------------------                       ----------------
              Class                           Outstanding at November 11, 1996

================================================================================



<PAGE>



<TABLE> <S> <C>


<ARTICLE>                     5
<MULTIPLIER>                                   1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                              MAR-31-1997
<PERIOD-START>                                 APR-01-1996
<PERIOD-END>                                   SEP-30-1996
<CASH>                                         10,431
<SECURITIES>                                   175
<RECEIVABLES>                                  8,565
<ALLOWANCES>                                   3,789
<INVENTORY>                                    0
<CURRENT-ASSETS>                               0
<PP&E>                                         120
<DEPRECIATION>                                 41
<TOTAL-ASSETS>                                 18,512
<CURRENT-LIABILITIES>                          0
<BONDS>                                        22,050
                          0
                                    0
<COMMON>                                       9
<OTHER-SE>                                     (6,874)
<TOTAL-LIABILITY-AND-EQUITY>                   18,512
<SALES>                                        1,099
<TOTAL-REVENUES>                               1,099
<CGS>                                          0
<TOTAL-COSTS>                                  2,939
<OTHER-EXPENSES>                               1,048
<LOSS-PROVISION>                               2,956
<INTEREST-EXPENSE>                             1,074
<INCOME-PRETAX>                                (6,918)
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                            (6,918)
<DISCONTINUED>                                 370
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   (6,548)
<EPS-PRIMARY>                                  (1.413)
<EPS-DILUTED>                                  (1.413)
        


</TABLE>


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