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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
[ ] Form 10-K [ ] Form 20-F [ ] [ ] Form 11-K [ ] Form 10-Q Form N-SAR
For Period Ended:
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[x] 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: December 31, 1996
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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.
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If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
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Part I--Registrant Information
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Beal Financial Corporation
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Full Name of Registrant
N/A
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Former Name if Applicable
Suite 300, LB66 15770 North Dallas Parkway
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Address of Principal Executive Office (Street and Number)
Dallas, Texas 75248
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City, State and Zip Code
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Part II--Rules 12b-25 (b) and (c)
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If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to rule 12b-25(b), the
following should be completed. (Check box if appropriate)
| (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-K, Form 20-F, Form 11-K or Form N-SAR, or
portion
| thereof, will be filed on or before the fifteenth calendar day
| following the prescribed due date; or the subject quarterly report
| or transition report on Form 10-Q, or portion thereof, will be
| filed on or before the fifth calendar day following the prescribed
| due date; and
|
| (c) The accountant's statement or other exhibit required by Rule 12b-
25(c) has been attached, if applicable.
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Part III--Narrative
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State below in reasonable detail the reasons why Form 10-K, 20-F, 11-K, 10-
Q, N-SAR or the transition report or portion thereof, could not be filed
within the prescribed time period.
Response: The Registrant's final accounting information for the year ended
December 31, 1996 has been delayed due to the conversion to a new accounting
system and temporary personnel shortages in the accounting department.
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Part IV--Other Information
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(1) Name and telephone number of person to contact in regard to this
notification.
David R. Farmer (972) 404-4000
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(Name) (Area Code) (Telephone Number)
(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?
[ ] Yes [ X ] No
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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.
BEAL FINANCIAL CORPORATION
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(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date May 5, 1997 By: /s/ David R. Farmer
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David R. Farmer, Senior Vice President
and Treasurer
INSTRUCTION: The form may be signed by an executive officer of the
registrant or by any other duly authorized representative. The name and
title of the person signing the form shall be typed or printed beneath the
signature. If the statement is signed on behalf of the registrant by an
authorized representative (other than an executive officer), evidence of the
representative's authority to sign on behalf of the registrant shall be
filed with the form.
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ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
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