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) July 30, 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 2. Acquisition or Disposition of Assets.
  
  On July 30, 1999, the registrant acquired all of the issued and outstanding
  shares of Common Stock of LRS, Inc. from its two shareholders, William Russell
  and Teri Saldivar. LRS, Inc. is a mortgage banking company located in Campbell,
  California. The registrant paid $3.6 million for the stock of which $1.5 million
  was in cash and $2.1 million was paid in 579,310 shares of the registrant's
  Common Stock. The cash was provided from the registrant's cash reserves. The
  agreement also provides that additional payments will be made to the former
  shareholders of LRS, Inc. for a four year period subsequent to the acquisition,
  based on an earn out formula equal to 50% of the pretax earnings from a defined
  profit center. The maximum amount to be paid to the former shareholders for such
  earnings during the earn out period is $3.2 million. Mr. Russell and Ms.
  Saldivar also entered into employment agreements.
  
  Item 7.  Financial Statements and Exhibits.
  
  The registrant will file by amendment the financial statements of the business
  acquired and the pro forma financial information required by this Item 7 not
  later than 60 days after the date that the original report on this Form 8-K must
  be filed. The registrant anticipates that this financial information will be
  filed around October 1, 1999.
  
  (c)      Exhibits - Stock Purchase Agreement for 100 Percent of the
                      Common Stock of LRS, Inc.
  
  
  <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: August 13, 1999
                                              Transnational Financial Corporation
  
  
  
                                              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": "99689303"}, "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) July 30, 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 2. Acquisition or Disposition of Assets.
  
  On July 30, 1999, the registrant acquired all of the issued and outstanding
  shares of Common Stock of LRS, Inc. from its two shareholders, William Russell
  and Teri Saldivar. LRS, Inc. is a mortgage banking company located in Campbell,
  California. The registrant paid $3.6 million for the stock of which $1.5 million
  was in cash and $2.1 million was paid in 579,310 shares of the registrant's
  Common Stock. The cash was provided from the registrant's cash reserves. The
  agreement also provides that additional payments will be made to the former
  shareholders of LRS, Inc. for a four year period subsequent to the acquisition,
  based on an earn out formula equal to 50% of the pretax earnings from a defined
  profit center. The maximum amount to be paid to the former shareholders for such
  earnings during the earn out period is $3.2 million. Mr. Russell and Ms.
  Saldivar also entered into employment agreements.
  
  Item 7.  Financial Statements and Exhibits.
  
  The registrant will file by amendment the financial statements of the business
  acquired and the pro forma financial information required by this Item 7 not
  later than 60 days after the date that the original report on this Form 8-K must
  be filed. The registrant anticipates that this financial information will be
  filed around October 1, 1999.
  
  (c)      Exhibits - Stock Purchase Agreement for 100 Percent of the
                      Common Stock of LRS, Inc.
  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: August 13, 1999
                                              Transnational Financial Corporation
  
                                              Joseph Kristul, President