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To: C. Riley who wrote (2052)	11/12/1997 6:38:00 PM
From: C. Riley	Respond to of 8835

BLCF had news which hasn't made it to Yahoo or other standard news services: BLC FINANCIAL SERVICES INC rpts important event, financial statements & exhibits. IFN Smart Edgar News - November 05, 1997 13:50 %COM %Unsched %FinStmnt %event1 BLCF V%IFN P%SMRT Excerpted from 8-K filed on 11/05 by BLC FINANCIAL SERVICES INC: BLC FINANCIAL SERVICES INC rpts important event, financial statements & exhibits. Item 5. Other Event On October 1, 1997, a wholly-owned subsidiary of the registrant, repurchased loan participations previously sold in the amount of $5,819,288.26 from Transamerica Business Credit Corporation. (End of item excerpt.) Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) Exhibits (1) Participation Agreement dated as of May 1, 1997. Incorporated by reference to Registrant's Current Report on Form 8-K dated May 12, 1997. (2) Amended Loan Agreement dated as of August 27, 1997. Incorporated by reference to Registrant's Annual Report on Form 10-K for the year ended June 30, 1997. (3) Letter Agreement to repurchase loan participations from Transamerica Business Credit Corporation dated October 1, 1997.