UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
GRANITE FINANCIAL, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
38740H107
(CUSIP Number)
December 31, 1997
(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
[x] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect
to the subject class of securities, and for any subsequent
amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of
Section 18 of the Securities Exchange Act of 1934 ("Act") or
otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act
(however, see the Notes).<PAGE>
CUSIP No. 38740H107 SCHEDULE 13G Page 2 of 8
1 Name Of Reporting Person BRICOLEUR CAPITAL MANAGEMENT, INC.
IRS Identification No. Of Above Person 87-05113078
2 Check The Appropriate Box If A Member Of A Group (a) [ ]
N/A
(b) [ ]
3 SEC USE ONLY
4 Citizenship Or Place Of Organization
Utah, United States
5 Sole Voting Power
370,400
NUMBER OF
SHARES 6 Shared Voting Power
BENEFICIALLY
OWNED BY EACH -0-
REPORTING
PERSON WITH 7 Sole Dispositive Power
370,400
8 Shared Dispositive Power
-0-
9 Aggregate Amount Beneficially Owned By Each Reporting Person
370,400
10 Check Box If The Aggregate Amount In Row (9) Excludes Certain
Shares* [ ]
11 Percent Of Class Represented By Amount In Row 9
6.0%
12 Type Of Reporting Person*
IA<PAGE>
CUSIP No. 38740H107 SCHEDULE 13G Page 3 of 8
1 Name Of Reporting Person JOHN I. BLOOMBERG
IRS Identification No. Of Above Person ###-##-####
2 Check The Appropriate Box If A Member Of A Group (a) [ ]
N/A
(b) [ ]
3 SEC USE ONLY
4 Citizenship Or Place Of Organization
United States
5 Sole Voting Power
-0-
NUMBER OF
SHARES 6 Shared Voting Power
BENEFICIALLY
OWNED BY EACH 370,400
REPORTING
PERSON WITH 7 Sole Dispositive Power
-0-
8 Shared Dispositive Power
370,400
9 Aggregate Amount Beneficially Owned By Each Reporting Person
370,400
10 Check Box If The Aggregate Amount In Row (9) Excludes Certain
Shares* [ ]
11 Percent Of Class Represented By Amount In Row 9
6.0%
12 Type Of Reporting Person*
IN<PAGE>
CUSIP No. 38740H107 SCHEDULE 13G Page 4 of 8
1 Name Of Reporting Person DANIEL P. WIMSATT
IRS Identification No. Of Above Person ###-##-####
2 Check The Appropriate Box If A Member Of A Group (a) [ ]
N/A
(b) [ ]
3 SEC USE ONLY
4 Citizenship Or Place Of Organization
United States
5 Sole Voting Power
-0-
NUMBER OF
SHARES 6 Shared Voting Power
BENEFICIALLY
OWNED BY EACH 370,400
REPORTING
PERSON WITH 7 Sole Dispositive Power
-0-
8 Shared Dispositive Power
370,400
9 Aggregate Amount Beneficially Owned By Each Reporting Person
370,400
10 Check Box If The Aggregate Amount In Row (9) Excludes Certain
Shares* [ ]
11 Percent Of Class Represented By Amount In Row 9
6.0%
12 Type Of Reporting Person*
IN<PAGE>
CUSIP No. 38740H107 SCHEDULE 13G Page 5 of 8
1 Name Of Reporting Person ROBERT M. POOLE
IRS Identification No. Of Above Person ###-##-####
2 Check The Appropriate Box If A Member Of A Group (a) [ ]
N/A
(b) [ ]
3 SEC USE ONLY
4 Citizenship Or Place Of Organization
United States
5 Sole Voting Power
-0-
NUMBER OF
SHARES 6 Shared Voting Power
BENEFICIALLY
OWNED BY EACH 370,400
REPORTING
PERSON WITH 7 Sole Dispositive Power
-0-
8 Shared Dispositive Power
370,400
9 Aggregate Amount Beneficially Owned By Each Reporting Person
370,400
10 Check Box If The Aggregate Amount In Row (9) Excludes Certain
Shares* [ ]
11 Percent Of Class Represented By Amount In Row 9
6.0%
12 Type Of Reporting Person*
IN<PAGE>
CUSIP No. 38740H107 13G Page 6 of 8 Pages
Item 1(a). Name of Issuer.
Granite Financial, Inc. (the "Issuer").
Item 1(b). Address of Issuer's Principal Executive
Offices.
16100 Table Mountain Parkway, Suite A
Golden, Colorado 80403
Item 2(a). Names of Persons Filing.
Bricoleur Capital Management, Inc. ("Bricoleur"),
Daniel P. Wimsatt, John I. Bloomberg and Robert M.
Poole.
Item 2(b). Address of Principal Business Office or, if
none, Residence.
The business address of Bricoleur, Daniel P.
Wimsatt and Robert M. Poole is 8910 University
Center Lane, Suite 570, San Diego, California
92122. The business address of John I. Bloomberg
is 1403 Park Avenue, Park City, Utah 84060.
Item 2(c). Citizenship.
Bricoleur is a Utah corporation, Daniel P. Wimsatt,
John I. Bloomberg and Robert M. Poole are citizens
of the United States.
Item 2(d). Title of Class of Securities.
Common Stock ("Common Stock").
Item 2(e). CUSIP Number.
38740H107
Item 3. Type of Reporting Person.
Bricoleur is an investment advisor registered under
Section 203 of the Investment Advisers Act of 1940.
John I. Bloomberg is Chairman and Director of
Bricoleur, Daniel P. Wimsatt is the President,
Chief Executive Officer and a Director of
Bricoleur, and Robert M. Poole is the Senior Vice
President and Chief Financial Officer of Bricoleur.
Messrs. Bloomberg, Wimsatt and Poole share
investment power over Bricoleur's investment<PAGE>
CUSIP No. 38740H107 13G Page 7 of 8 Pages
portfolios.
Item 4. Ownership.
Reference is hereby made to Items 5-9 and 11 of the
cover pages to this Schedule 13G, which Items are
incorporated by reference herein.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More Than Five Percent on Behalf of
Another Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on by
the Parent Holding Company.
See Item 4 above.
Item 8. Identification and Classification of Members of the
Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below, each of the undersigned
certifies that, to the best of his knowledge and belief, the
securities referred to above were acquired and are held in
the ordinary course of business and were not acquired and are
not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and
were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.<PAGE>
CUSIP No. 38740H107 13G Page 8 of 8 Pages
Signatures
After reasonable inquiry and to the best of my
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete and
correct.
BRICOLEUR CAPITAL MANAGEMENT, INC.
By:/s/ David M. Poole
_________________________________
Title: Sr. Vice President & C.F.O
DATED: February 10, 1998
/s/ John I. Bloomberg
_________________________________
JOHN I. BLOOMBERG
DATED: February 10, 1998
/s/ Daniel P. Wimsatt
_________________________________
DANIEL P. WIMSATT
DATED: February 10, 1998
/s/ Robert M. Poole
_________________________________
ROBERT M. POOLE
DATED: February 10, 1998<PAGE>