SCHEDULE 13D/ AMENDMENT #1
CUSIP 971867205 WILSHIRE FINANCIAL SERVICES GROUP INC.
There are no changes to the Schedule 13D, as amended except as follows:
Item 3. Source and Amount of Funds or Other Consideration
Howard Amster, in his individual retirement accounts purchased
additional shares with personal funds without borrowing. The total
consideration for the purchases is $ 219,340.75.
Amster Trading Company purchased additional shares with working capital without
borrowing. The total consideration for the purchase is $ 78,750.00.
Ramat Securities Ltd purchased additional shares with working capital without
borrowing. The total consideration of the purchases is $ 28,370.55.
Item 5. Interest in Securities of the Issuer
(a)(b) The aggregate amount owned by the Reporting Persons is 1,598,700
shares or 7.98 % of the outstanding shares.
Howard Amster in his individual retirement accounts
owns 1,263,000 shares or 6.3 % of the outstanding shares.
Amster Trading company owns 170,000 shares or 0.85 % of the outstanding shares.
Ramat Securities Ltd owns 165,700 shares or 0.83 % of the outstanding shares.
c) Trades executed on the over-the-counter bulletin board as
an open market transaction.
<TABLE> <CAPTION>
<S> <C> <C>
Identity Date Shares Price Executing broker
Howard Amster's 5/10/00 125,000 1.1875 Bear Stearns
Individual Retirement 5/12/00 5,000 1.25 Bear Stearns
Accounts 7/27/00 53,000 1.2185 Friedman, Billings
Amster Trading 8/30/00 70,000 1.125 Friedman, Billings
Company
Ramat Securities Ltd Shares bought
5/8/00 2,000 1.1637 Jefferies & Co
5/9/00 2,000 1.1637 Jefferies & Co
5/10/00 3,000 1.1612 Jefferies & Co
5/15/00 2,000 1.2575 Jefferies & Co
5/17/00 2,000 1.2575 Jefferies & Co
5/18/00 2,000 1.2575 Jefferies & Co
7/25/00 3,500 1.1875 Bear Stearns
7/27/00 7,000 1.2187 Friedman, Billings
Shares sold
5/19/00 500 1.1875 Bear Stearns
5/22/00 2,400 1.1875 Bear Stearns
5/22/00 1,400 1.25 Bear Stearns
5/25/00 2,000 1.8125 Bear Stearns
5/25/00 1,500 1.875 Bear Stearns
</TABLE>
Signature After reasonable inquiry and to the best of our knowledge
and belief, we certify that the information set forth in
this statement is true, complete and correct.
Date: 8/31/00 Howard Amster Amster Trading Company Ramat Securities Ltd
