<PAGE> 1
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
1. Name of Reporting Person: Richard E. Wilkes
Address of Reporting Person: 3021 Citrus Circle, Suite 150
Walnut Creek, CA 94598
2. Issuer Name and Trading Symbol: Finet Holdings Corporation: FNHC
3. Social Security # (Voluntary):
4. Statement for Month/Year: 2/99
5. If Amendment, Date of Original:
6. Relationship of Reporting Person: Director
7. Reporting By: One Reporting Person
<TABLE>
Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially
Owned
- --------------------------------------------------------------------------------
- ----------
<CAPTION>
1 2 3 4 5 6
7
- -------- -------- ------ ----------------------- ------------ ------- ----
- ----------
Title Trans- Trans- Securities Acquired (A) Amount Owner-
Nature of
of action action or Disposed of (D) Beneficially ship
Indirect
Security Date Code ----------------------- Owned at End Form
Ownership
Amount A/D Price of Month D/I
- -------- -------- ------ -------- --- -------- ------------ ------- ----
- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common 0 D
Common 0 I
</table
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</TABLE>
<TABLE>
Table II Derivative Securities (D/S) Acquired, Disposed of, or Beneficially
Owned
- --------------------------------------------------------------------------------
- ----------------------------------------
<CAPTION>
1 2 3 4 5 6 7
8 9 10 11
- ------ ------ -------- ---- --------------- ------------------- ----------
- ----- ------ --------- ----- -------
Title Conv Trans Tran # D/S Date Expira
Title/Number Price Number Owner Type of
of or Date Code Acquir/Disposd Exercis tion
Underlying of of D/S ship (I)
D/S Exer M/D/Y --------------- able Date
Securities D/S Owned at of Owner
Price (A) (D) M/D/Y M/D/Y Title
Amount Month end D/I ship
- ------ ------ -------- ---- ------- ------- -------- -------- ------ --
- ----- ------ --------- ----- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
<C> <C> <C> <C> <C>
Option $.6375 11/24/98 11/24/08 Common
40,000 40,000 D
Option $ 1.06 02/16/99 A 40,000 01/01/99 01/01/09 Common
40,000 $ 0.00 40,000 D
</TABLE>
/s/ Richard E. Wilkes 3/4/99
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Signature of reporting person Date
