U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 20549
Form 12-b-25
NOTIFICATION OF LATE FILING
{X} Form 10-KSB{ } Form 20-F{ } Form 11-K{ } Form 10-Q{ } Form N-SAR
For the Year ended December 31, 1996
{ } Transition Report on Form 10-K
{ } Transition Report on Form 20-F
{ } Transition Report on Form 11-K
{ } Transition Report on Form 10-Q
{ } Transition Report on Form N-SAR
For the transition period ended:
Read Attached Instruction Sheet Before Preparing Form. Please
Print or Type.
Nothing in this form shall be construed to imply that the
Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification
relates:
Part I - Registrant Information
Full name of registrant: Western Fidelity Funding, Inc.
Former name if applicable:
Address of Principal Executive Office (Street and Number)
4704 Harlan Street, Suite 260, Denver, Colorado 80212
Part II - Rules 12-(b)-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 12-b-
25(b), the following should be completed (Check box if appropriate).
{X} (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 or Form N-
SAR, or portion thereof will be filed on or before the
fifteenth calendar day following the prescribed date;
{X} (c) The accountant's statement or other exhibit required
by Rule 12b-25(c) has been attached if applicable.
Part III - Narrative
The Company does not have all information available at this time to
complete the audit of the annual financial statements, specifically,
the static pool analysis is not currently available. Due to the time
and effort involved to compile the information, there is insufficient
time to complete the Form 10-KSB. Management believes that the Form
10-KSB will be filed by April 15, 1997.
Part IV - Other information
(1) Name and telephone number of person to contact in regard to this
notification
Gene Osborn, President (303) 477-8404
(2) Have all other periodic reports required 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 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?
{X} Yes { } 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.
The financial statements to be included in Form 10-KSB should
approximate the following results of operations:
<TABLE>
<CAPTION>
Year Ended December 31,
1995 1996
<S> <C> <C>
Assets $25,113,883 $28,834,138
Equity (deficit) $ 4,809,782 $(1,600,000)
Net income (loss) $ 633,917 $(6,400,000)
</TABLE>
Western Fidelity Funding, Inc. has caused this notification to be
signed on its behalf by the undersigned thereunto duly authorized.
Date: April 1, 1997 By: /s/ Gene Osborn
March 31, 1997
U.S. Securities and Exchange Commission
Washington DC 20549
Dear Sir/Madam:
I have read Form 12b-25 for Western Fidelity Funding, Inc. for a 15
day extension on its Form 10-KSB and I concur with the Part III
narrative.
Sincerely,
/s/ David J. Steiner, Principal
David J. Steiner, Principal
Ehrhardt Keefe Steiner & Hottman PC
SLS/ccb
Enclosures
