content: UNITED STATES
                         SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
  
                                      FORM 8-K
  
                                   CURRENT REPORT
  
  
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  
  Date of Report (Date of earliest event reported) June 28, 1999
  
  
                        Transnational Financial Network, Inc.
          (Exact name of small business issuer as specified in its charter)
  
  
  California                          1-14219                   94-2964195
  (State or other jurisdiction    (Commission File          (I.R.S. Employer
  of incorporation)                    Number)              Identification No.)
  
  401 Taraval Street, San Francisco, CA                         94116
  (Address of principal executive offices)                    (Zip Code)
  
  
  
  (Registrant's telephone number, including area code: (415) 242-7800
  
  
                (Former name, former address and former fiscal year,
                           if changed since last report)
  
  
  
  
  <PAGE>
  
  
  
  Item 5. Other Events
  
  On June 28, 1999, the registrant issued a press release relating to a letter of
  intent to acquire another mortgage company.
  
  That press release reads as follows:
  
           San Francisco, CA, June 28, 1999- Transnational Financial Network, Inc.
           (AMEX:TFN), announces it has agreed in principle to acquire all of the
           stock of a nationally recognized mortgage banking company. The
           agreement is conditioned upon the parties entering into a definitive
           agreement. Terms of the agreement are cash and stock.
  
           The mortgage company is a privately held company which last year
           reported production in excess of $1 Billion of conforming loans.
  
           Mr. Joseph Kristul, CEO of Transnational said, "We believe the pending
           acquisition will be the kind of synergy that will elevate Transnational
           to the next level, especially as we continue to open new wholesale
           offices and implement our plan to use E-Commerce to achieve operating
           efficiencies and increase production. Teaming up with this highly
           successful firm will accelerate the achievement of our strategic growth
           objectives to build loan production, revenues and shareholder value."
  
           Transnational Financial Network is a wholesale and retail mortgage
           banker that originates, funds and sells mortgage loans secured by
           one-to-four family residential properties.
  
  
  <PAGE>
  
  
  
                                     SIGNATURES
  
           Pursuant to the requirements of the Securities Exchange Act of 1934,
  the registrant has duly caused this report to be signed on its behalf, thereby
  duly authorized.
  
  
  
  Date: July 6, 1999
                                             Transnational Financial Network, Inc.
  
  
                                             /s/ Joseph Kristul
                                             -------------------------------------
                                             Joseph Kristul, President
  
  
  
  <PAGE>
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metadata_filer: {"company-data": {"conformed-name": "TRANSNATIONAL FINANCIAL CORP", "cik": "0001059579", "assigned-sic": "6162", "irs-number": "942964195", "state-of-incorporation": "CA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-14219", "film-number": "99661345"}, "business-address": {"street1": "401 TARAVAL STREET", "street2": "SUITE 270", "city": "SAN FRANCISCO", "state": "CA", "zip": "94116", "phone": "4153347000"}, "mail-address": {"street1": "401 TARAVAL STREET", "street2": "301 JUNIPERO SERRA BLVD SUITE 270", "city": "SAN FRANCISCO", "state": "CA", "zip": "94116"}}
text: UNITED STATES
                         SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
  
                                      FORM 8-K
  
                                   CURRENT REPORT
  
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  
  Date of Report (Date of earliest event reported) June 28, 1999
  
                        Transnational Financial Network, Inc.
          (Exact name of small business issuer as specified in its charter)
  
  California                          1-14219                   94-2964195
  (State or other jurisdiction    (Commission File          (I.R.S. Employer
  of incorporation)                    Number)              Identification No.)
  
  401 Taraval Street, San Francisco, CA                         94116
  (Address of principal executive offices)                    (Zip Code)
  
  (Registrant's telephone number, including area code: (415) 242-7800
  
                (Former name, former address and former fiscal year,
                           if changed since last report)
  Item 5. Other Events
  
  On June 28, 1999, the registrant issued a press release relating to a letter of
  intent to acquire another mortgage company.
  
  That press release reads as follows:
  
           San Francisco, CA, June 28, 1999- Transnational Financial Network, Inc.
           (AMEX:TFN), announces it has agreed in principle to acquire all of the
           stock of a nationally recognized mortgage banking company. The
           agreement is conditioned upon the parties entering into a definitive
           agreement. Terms of the agreement are cash and stock.
  
           The mortgage company is a privately held company which last year
           reported production in excess of $1 Billion of conforming loans.
  
           Mr. Joseph Kristul, CEO of Transnational said, "We believe the pending
           acquisition will be the kind of synergy that will elevate Transnational
           to the next level, especially as we continue to open new wholesale
           offices and implement our plan to use E-Commerce to achieve operating
           efficiencies and increase production. Teaming up with this highly
           successful firm will accelerate the achievement of our strategic growth
           objectives to build loan production, revenues and shareholder value."
  
           Transnational Financial Network is a wholesale and retail mortgage
           banker that originates, funds and sells mortgage loans secured by
           one-to-four family residential properties.
  SIGNATURES
  
           Pursuant to the requirements of the Securities Exchange Act of 1934,
  the registrant has duly caused this report to be signed on its behalf, thereby
  duly authorized.
  
  Date: July 6, 1999
                                             Transnational Financial Network, Inc.
  
                                             /s/ Joseph Kristul
                                             -------------------------------------
                                             Joseph Kristul, President