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): August 28, 2002




                        FINANCIAL INDUSTRIES CORPORATION
               (Exact name of Registrant as specified in charter)





          Texas                         0-4690                   74-2126975
(State or other jurisdiction   (Commission file number)       (I.R.S. employer
     of incorporation)                                       identification no.)





                      6500 River Place Blvd., Building One
                               Austin, Texas 78730
                    (Address of principal executive offices)


       Registrant's telephone number, including area code: (512) 404-5000



                            _________________________



<PAGE>



Item 5.  Other Events

On August 26,  2002,  FIC filed its Form 10-Q for the period ended June 30, 2002
(the "Form  10-Q"),  which had been due on August 14, 2002.  FIC reported in the
Form 10-Q that as a result of the late filing, the Company had received a Nasdaq
Staff  Determination  on August 20, 2002  indicating  that since  Nasdaq had not
received the Company's  Form 10-Q for the period ended June 30, 2002 as required
by Marketplace Rule 4310(c)(14), the Company's securities would be delisted from
the Nasdaq Stock Market at the opening of business on August 28, 2002 unless the
Company  requested a hearing in  accordance  with the  Marketplace  Rules.  As a
result of the late filing, the trading symbol for the Company's  securities were
changed from FNIN to FNINE at the opening of business on August 23, 2002.

On August 27, 2002,  FIC received a letter from Nasdaq stating that based on the
filing of the Form 10-Q, FIC is in compliance with  Marketplace Rule 4310(c)(14)
and the delisting  matter has been closed.  As a result of FIC's compliance with
the aforementioned Rule, the Company's trading symbol will be changed from FNINE
back to FNIN at the opening of business on August 29, 2002.



Item 7. Exhibits

        (c) Exhibit 99.1*         Press Release dated August 27, 2002

________________
* Filed herewith



<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 by the
undersigned hereunto duly authorized.

                                                     FINANCIAL INDUSTRIES
                                                     CORPORATION



Date: August 28, 2002                         By:    /s/ Jeffrey H. Demgen
                                                  _____________________________
                                                  Jeffrey H. Demgen
                                                  Chief Financial Officer



<PAGE>





                                  Exhibit 99.1

FOR IMMEDIATE RELEASE
August 27, 2002

FOR MORE INFORMATION CONTACT
Robert S. Cox
512-404-5128

           FINANCIAL INDUSTRIES CORPORATION REPORTS THAT FILING OF ITS
          QUARTERLY REPORT ON FORM 10-Q CORRECTS NASDAQ RULE VIOLATION

AUSTIN,  TEXAS -- Financial  Industries  Corporation  (FIC)  announces  that the
filing on August 26, 2002 of its quarterly  report for the period ended June 30,
2002 has brought FIC back into compliance with Nasdaq rules.  Filing of the Form
10-Q had been delayed because of the review by the Audit Committee  described in
FIC's press  release  dated  August 15, 2002 and its Current  Report on Form 8-K
filed  with the  Securities  and  Exchange  Commission  (SEC) on that  same day.
Earlier  today,  FIC issued a press  release  announcing  its quarterly and six-
month results.

FIC reported in its Form 10-Q that as a result of the late  filing,  the Company
had received a Nasdaq Staff  Determination on August 20, 2002 indicating that it
failed to comply with  Marketplace  Rule  4310(c)(14),  which  provides  for the
filing  with  Nasdaq of  periodic  reports  required  to be filed  with the SEC.
Because of the  inability to timely file the Form 10-Q for the period ended June
30,  2002,  the trading  symbol for the common  stock of the Company was changed
from FNIN to FNINE on August 23, 2002.

Today FIC received  notice from Nasdaq that based on the filing of the Form 10-Q
for the  quarter  ended  June 30,  2002,  FIC  complies  with  Marketplace  Rule
4310(c)(14)  and the  delisting  matter  has been  closed.  As a result of FIC's
compliance with the  aforementioned  Rule, the Company's  trading symbol will be
changed from FNINE back to FNIN at the opening of business on August 29, 2002.

The review by the Audit  Committee  that  delayed the filing of the Form 10-Q is
ongoing. The Audit Committee is expected to provide a formal report to the Board
of Directors  concerning  the results of its review,  after which the Board will
take appropriate  action. The Company intends to provide further  information as
to the status of the Audit Committe's review on a periodic basis.

The  information  in this  release  relating  to the  Company's  operations  and
financial  results,   future  business   developments,   and  contingencies  and
uncertainties constitute forward-looking statements under the Private Securities
Litigation Reform Act of 1995.

For more information on FIC, go to http://www.ficgroup.com on the Internet.
[{"type": "8-K", "sequence": "1", "filename": "fic8k0828.txt", "description": "FIC 8K 082802", "secsgml_size_bytes": 5676}]
{"company-data": {"conformed-name": "FINANCIAL INDUSTRIES CORP", "cik": "0000035733", "assigned-sic": "6311", "irs-number": "742126975", "state-of-incorporation": "TX", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-04690", "film-number": "02750584"}, "business-address": {"street1": "LEGAL DEPARTMENT", "street2": "6500 RIVER PLACE BLVD., BUILDING ONE", "city": "AUSTIN", "state": "TX", "zip": "78730", "phone": "512 404-5000"}, "mail-address": {"street1": "6500 RIVER PLACE BLVD., BUILDING ONE", "street2": "LEGAL DEPARTMENT", "city": "AUSTIN", "state": "TX", "zip": "78730"}, "former-company": [{"former-conformed-name": "GOLDEN UNITED INVESTMENT CO", "date-changed": "19730801"}, {"former-conformed-name": "ILEX CORP", "date-changed": "19730801"}, {"former-conformed-name": "GOLDEN UNITED INVESTMENT CO STOCK PLAN", "date-changed": "19731128"}]}
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): August 28, 2002

                        FINANCIAL INDUSTRIES CORPORATION
               (Exact name of Registrant as specified in charter)

          Texas                         0-4690                   74-2126975
(State or other jurisdiction   (Commission file number)       (I.R.S. employer
     of incorporation)                                       identification no.)

                      6500 River Place Blvd., Building One
                               Austin, Texas 78730
                    (Address of principal executive offices)

       Registrant's telephone number, including area code: (512) 404-5000

                            _________________________
Item 5.  Other Events

On August 26,  2002,  FIC filed its Form 10-Q for the period ended June 30, 2002
(the "Form  10-Q"),  which had been due on August 14, 2002.  FIC reported in the
Form 10-Q that as a result of the late filing, the Company had received a Nasdaq
Staff  Determination  on August 20, 2002  indicating  that since  Nasdaq had not
received the Company's  Form 10-Q for the period ended June 30, 2002 as required
by Marketplace Rule 4310(c)(14), the Company's securities would be delisted from
the Nasdaq Stock Market at the opening of business on August 28, 2002 unless the
Company  requested a hearing in  accordance  with the  Marketplace  Rules.  As a
result of the late filing, the trading symbol for the Company's  securities were
changed from FNIN to FNINE at the opening of business on August 23, 2002.

On August 27, 2002,  FIC received a letter from Nasdaq stating that based on the
filing of the Form 10-Q, FIC is in compliance with  Marketplace Rule 4310(c)(14)
and the delisting  matter has been closed.  As a result of FIC's compliance with
the aforementioned Rule, the Company's trading symbol will be changed from FNINE
back to FNIN at the opening of business on August 29, 2002.

Item 7. Exhibits

        (c) Exhibit 99.1*         Press Release dated August 27, 2002

________________
* Filed herewith
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 by the
undersigned hereunto duly authorized.

                                                     FINANCIAL INDUSTRIES
                                                     CORPORATION

Date: August 28, 2002                         By:    /s/ Jeffrey H. Demgen
                                                  _____________________________
                                                  Jeffrey H. Demgen
                                                  Chief Financial Officer
Exhibit 99.1

FOR IMMEDIATE RELEASE
August 27, 2002

FOR MORE INFORMATION CONTACT
Robert S. Cox
512-404-5128

           FINANCIAL INDUSTRIES CORPORATION REPORTS THAT FILING OF ITS
          QUARTERLY REPORT ON FORM 10-Q CORRECTS NASDAQ RULE VIOLATION

AUSTIN,  TEXAS -- Financial  Industries  Corporation  (FIC)  announces  that the
filing on August 26, 2002 of its quarterly  report for the period ended June 30,
2002 has brought FIC back into compliance with Nasdaq rules.  Filing of the Form
10-Q had been delayed because of the review by the Audit Committee  described in
FIC's press  release  dated  August 15, 2002 and its Current  Report on Form 8-K
filed  with the  Securities  and  Exchange  Commission  (SEC) on that  same day.
Earlier  today,  FIC issued a press  release  announcing  its quarterly and six-
month results.

FIC reported in its Form 10-Q that as a result of the late  filing,  the Company
had received a Nasdaq Staff  Determination on August 20, 2002 indicating that it
failed to comply with  Marketplace  Rule  4310(c)(14),  which  provides  for the
filing  with  Nasdaq of  periodic  reports  required  to be filed  with the SEC.
Because of the  inability to timely file the Form 10-Q for the period ended June
30,  2002,  the trading  symbol for the common  stock of the Company was changed
from FNIN to FNINE on August 23, 2002.

Today FIC received  notice from Nasdaq that based on the filing of the Form 10-Q
for the  quarter  ended  June 30,  2002,  FIC  complies  with  Marketplace  Rule
4310(c)(14)  and the  delisting  matter  has been  closed.  As a result of FIC's
compliance with the  aforementioned  Rule, the Company's  trading symbol will be
changed from FNINE back to FNIN at the opening of business on August 29, 2002.

The review by the Audit  Committee  that  delayed the filing of the Form 10-Q is
ongoing. The Audit Committee is expected to provide a formal report to the Board
of Directors  concerning  the results of its review,  after which the Board will
take appropriate  action. The Company intends to provide further  information as
to the status of the Audit Committe's review on a periodic basis.

The  information  in this  release  relating  to the  Company's  operations  and
financial  results,   future  business   developments,   and  contingencies  and
uncertainties constitute forward-looking statements under the Private Securities
Litigation Reform Act of 1995.

For more information on FIC, go to http://www.ficgroup.com on the Internet.