<PAGE> 1

         UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                       Washington, DC  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) March 11, 1998



                     NICHOLAS FINANCIAL, INC.
      (Exact name of registrant as specified in its Charter)




    British Columbia, Canada         333-08407          8736-3354
 (State or Other Jurisdiction of    (Commission     (I.R.S. Employer
  Incorporation or Organization)    File Number)    Identification No.)

  2454 McMullen Booth Road, Building C
        Clearwater, Florida                                34619
 (Address of Principal Executive Offices)                  (Zip
                                                           Code)



                          (813) 726-0763
       (Registrant's telephone number, Including area code)
 

                          Not applicable
  (Former name, former address and former fiscal year, if changed
                       since last report)



<PAGE> 2


Item 5.   Other Events

     Effective  March 11, 1998, the Company's common shares were
no  longer   listed  on   the  Vancouver   Stock  Exchange.  The
registrants  common  shares  are  listed  on the NASDAQ SmallCap
System  under  the  symbol  NICKF.  As  a  result  of a February
resolution  by  both  Canadian  and  USA  Directors, the company
requested  to  be  de-listed  from  the  Canadian exchange in an
effort  to  reduce  the  expense  and  confusion  of maintaining
different exchange symbols in two different countries.

     On March 4,   1998,  the  registrant issued a press release
announcing  its  intention to de-list its common shares from the
Vancouver Stock Exchange, a copy of which is attached as exhibit
99.3 to this Form 8-K and incorporated herein by reference.



    Item 7.             Financial Statements and Exhibits
  ------------        -------------------------------------------------
     (c)                Exhibits

  Exhibit No.           Description of Document

    99.3                Press release dated March 4, 1998 issued by   
                        the registrant

<PAGE> 3

                           SIGNATURES

   In  accordance with the requirements of the Securities Act  of
1934, the Registrant certifies that it has reasonable grounds  to
believe that it meets all of the requirements for filing on  Form
8-K  and authorized this Report to be signed on its behalf by the
undersigned,  in  the City of Clearwater, State  of  Florida,  on
March 17, 1998.

                                
                    NICHOLAS FINANCIAL, INC.
                          (Registrant)


  Date: March 17, 1998          /s/ Peter L. Vosotas
                                    Peter L. Vosotas
                                    Chairman, President, Chief
                                    Executive Officer
                                    (Principal Executive Officer)


  Date: March 17, 1998          /s/ Ralph T. Finkenbrink
                                    Ralph T. Finkenbrink
                                    (Principal Financial Officer and
                                    Accounting Officer)


<PAGE> 4


                              Exhibit 99.3


                            FOR IMMEDIATE RELEASE

Nicholas Financial, Inc.
Corporate Headquarters
2454 McMullen-Booth Rd.
Building C, Suite 501
Clearwater, FL 33759


          Contact: Ralph Finkenbrink           Nasdaq:   NICKF
                   Vice President, Finance     Web site: www.nicfn.com
                   Nicholas Financial, Inc.
                   Ph # - 813-726-0763
                   Fax # - 813-726-2140




  NICHOLAS STOCK LISTED ON NASDAQ INSTEAD OF VANCOUVER EXCHANGE
                                
March  4, 1998 - Clearwater, Florida - Nicholas Financial,  Inc.,
announced today that at the close of business on March 11,  1998,
that its common shares trading under the symbol NIC.U, will be no
longer  be listed on the Vancouver Stock Exchange.  As the result
of  a February resolution by both Canadian and USA directors, the
Company  requested to be de-listed from the Canadian exchange  in
an  effort  to  reduce the confusion and expense  of  maintaining
different  exchange symbols in two countries  and  to  begin  the
process  to  eliminate  the  Canadian parent  company.   Nicholas
Financial's application for NASDAQ SmallCap was approved December
29, 1997 and its shares now trade under the symbol, NICKF.

In    1986,   Nicholas  Data  Services,  a  Florida  corporation,
established  a holding or "parent" company in Vancouver,  British
Columbia  in order to raise capital on the VSE. At that time  the
shareholders of Nicholas Data Services, Inc in the U.S.,  swapped
their  shares  for an equal amount of shares in the newly  formed
parent  company, Nicholas Data Services, Ltd.  The  newly  formed
parent  then  applied for a listing on the VSE  and  successfully
raised   approximately  $500,000  in  a  public  offering  during
September of 1987. The USA company, now a wholly owned subsidiary
of  the  Canadian  parent  was  the  only  operating  entity  and
proceeded  to  operate  as a developer of  financial  application
software for a variety of small businesses.

In  1990, a second Florida corporation, Nicholas Financial,  Inc.
was  formed as a consumer finance company.  This Company  quickly
became  the  predominant  business  of  the  two  USA  subsidiary
companies.   As a result the name of the Nicholas Data  Services,
Ltd.  parent company was changed to Nicholas Financial, Inc.,  to
better identify the Company's primary business function.


Nicholas  Financial,  Inc.  is a consumer  finance  company  that
provides funding for pre-owned automobiles and light trucks.  Its
software   subsidiary,  Nicholas  Data  Services,  Inc.  designs,
develops,  supports and sells computer software to a  variety  of
small businesses.

                          ### over ###

<PAGE> 5

The  Nicholas Financial, Inc. Canadian holding company  does  not
presently  employ nor has it ever employed personnel  in  Canada.
The  Company does not do business in Canada in any form  and  all
corporate  officers are located in Florida.  The company  intends
to eliminate the Canadian holding company during the coming year.
As  a  result of the Canadian holding company's closing, the  "F"
appended  to  Nicholas Financial's NASDAQ stock  symbol  will  be
removed.   The "F" stock symbol designation is used by NASDAQ  to
signify a foreign corporation.

Peter  L. Vosotas, President and CEO of Nicholas Financial  Inc.,
expressed  mixed feelings regarding the Company's exit  from  the
Canadian  exchange.  Mr. Vosotas stated, "Our  relationship  with
everyone on the Vancouver Stock Exchange has been terrific.  They
made  it  possible  for  us to become a real  company.   Nicholas
Financial,  Inc. got its start because of the VSE.   We  will  be
forever in their debt."

"We  regret any inconvenience that we might be causing any of our
Canadian shareholders. We sincerely believe that we will  save  a
great  deal of confusion and expense by discontinuing the efforts
necessary  to  prepare  filings, audits and other  administrative
reporting  for  two  separate  securities  commissions,  in   two
different countries."

                          ### end ###

Attention: Shareholders, Brokers, Investors and Friends

You can receive prompt notification of company news and financial
information   from  Nicholas Financial, Inc. Simply visit our Web
Site at http://www.nicfn.com and provide  your E-mail information
in  our  Investor  Registry  service. You  can  also provide this
information   to   our   Investor   Relations    department    at
1-800-237-2721.  You  will receive  the  latest company news from
Nicholas  Financial, Inc.  in  you E-mail folder as soon as it is
released.

Don't forget to visit our web site for complete coverage of all Nicholas
Financial information.
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 8150}]
{"company-data": {"conformed-name": "NICHOLAS FINANCIAL INC", "cik": "0001000045", "assigned-sic": "6153", "irs-number": "87363354", "state-of-incorporation": "FL", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-26680", "film-number": "98566995"}, "business-address": {"street1": "2454 MCMILLEN BOOTH RD", "street2": "BLDG C", "city": "CLEARWATER", "state": "FL", "zip": "34619", "phone": "8137260763"}, "mail-address": {"street1": "2454 MCMULLEN BOOTH RD", "street2": "BLDG C SUITE 501B", "city": "CLEARWATER", "state": "FL", "zip": "34619"}}
1

         UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                       Washington, DC  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) March 11, 1998

                     NICHOLAS FINANCIAL, INC.
      (Exact name of registrant as specified in its Charter)

    British Columbia, Canada         333-08407          8736-3354
 (State or Other Jurisdiction of    (Commission     (I.R.S. Employer
  Incorporation or Organization)    File Number)    Identification No.)

  2454 McMullen Booth Road, Building C
        Clearwater, Florida                                34619
 (Address of Principal Executive Offices)                  (Zip
                                                           Code)

                          (813) 726-0763
       (Registrant's telephone number, Including area code)
 

                          Not applicable
  (Former name, former address and former fiscal year, if changed
                       since last report)
2

Item 5.   Other Events

     Effective  March 11, 1998, the Company's common shares were
no  longer   listed  on   the  Vancouver   Stock  Exchange.  The
registrants  common  shares  are  listed  on the NASDAQ SmallCap
System  under  the  symbol  NICKF.  As  a  result  of a February
resolution  by  both  Canadian  and  USA  Directors, the company
requested  to  be  de-listed  from  the  Canadian exchange in an
effort  to  reduce  the  expense  and  confusion  of maintaining
different exchange symbols in two different countries.

     On March 4,   1998,  the  registrant issued a press release
announcing  its  intention to de-list its common shares from the
Vancouver Stock Exchange, a copy of which is attached as exhibit
99.3 to this Form 8-K and incorporated herein by reference.

    Item 7.             Financial Statements and Exhibits
  ------------        -------------------------------------------------
     (c)                Exhibits

  Exhibit No.           Description of Document

    99.3                Press release dated March 4, 1998 issued by   
                        the registrant
3

                           SIGNATURES

   In  accordance with the requirements of the Securities Act  of
1934, the Registrant certifies that it has reasonable grounds  to
believe that it meets all of the requirements for filing on  Form
8-K  and authorized this Report to be signed on its behalf by the
undersigned,  in  the City of Clearwater, State  of  Florida,  on
March 17, 1998.

                                
                    NICHOLAS FINANCIAL, INC.
                          (Registrant)

  Date: March 17, 1998          /s/ Peter L. Vosotas
                                    Peter L. Vosotas
                                    Chairman, President, Chief
                                    Executive Officer
                                    (Principal Executive Officer)

  Date: March 17, 1998          /s/ Ralph T. Finkenbrink
                                    Ralph T. Finkenbrink
                                    (Principal Financial Officer and
                                    Accounting Officer)
4

                              Exhibit 99.3

                            FOR IMMEDIATE RELEASE

Nicholas Financial, Inc.
Corporate Headquarters
2454 McMullen-Booth Rd.
Building C, Suite 501
Clearwater, FL 33759

          Contact: Ralph Finkenbrink           Nasdaq:   NICKF
                   Vice President, Finance     Web site: www.nicfn.com
                   Nicholas Financial, Inc.
                   Ph # - 813-726-0763
                   Fax # - 813-726-2140

  NICHOLAS STOCK LISTED ON NASDAQ INSTEAD OF VANCOUVER EXCHANGE
                                
March  4, 1998 - Clearwater, Florida - Nicholas Financial,  Inc.,
announced today that at the close of business on March 11,  1998,
that its common shares trading under the symbol NIC.U, will be no
longer  be listed on the Vancouver Stock Exchange.  As the result
of  a February resolution by both Canadian and USA directors, the
Company  requested to be de-listed from the Canadian exchange  in
an  effort  to  reduce the confusion and expense  of  maintaining
different  exchange symbols in two countries  and  to  begin  the
process  to  eliminate  the  Canadian parent  company.   Nicholas
Financial's application for NASDAQ SmallCap was approved December
29, 1997 and its shares now trade under the symbol, NICKF.

In    1986,   Nicholas  Data  Services,  a  Florida  corporation,
established  a holding or "parent" company in Vancouver,  British
Columbia  in order to raise capital on the VSE. At that time  the
shareholders of Nicholas Data Services, Inc in the U.S.,  swapped
their  shares  for an equal amount of shares in the newly  formed
parent  company, Nicholas Data Services, Ltd.  The  newly  formed
parent  then  applied for a listing on the VSE  and  successfully
raised   approximately  $500,000  in  a  public  offering  during
September of 1987. The USA company, now a wholly owned subsidiary
of  the  Canadian  parent  was  the  only  operating  entity  and
proceeded  to  operate  as a developer of  financial  application
software for a variety of small businesses.

In  1990, a second Florida corporation, Nicholas Financial,  Inc.
was  formed as a consumer finance company.  This Company  quickly
became  the  predominant  business  of  the  two  USA  subsidiary
companies.   As a result the name of the Nicholas Data  Services,
Ltd.  parent company was changed to Nicholas Financial, Inc.,  to
better identify the Company's primary business function.

Nicholas  Financial,  Inc.  is a consumer  finance  company  that
provides funding for pre-owned automobiles and light trucks.  Its
software   subsidiary,  Nicholas  Data  Services,  Inc.  designs,
develops,  supports and sells computer software to a  variety  of
small businesses.

                          ### over ###
5

The  Nicholas Financial, Inc. Canadian holding company  does  not
presently  employ nor has it ever employed personnel  in  Canada.
The  Company does not do business in Canada in any form  and  all
corporate  officers are located in Florida.  The company  intends
to eliminate the Canadian holding company during the coming year.
As  a  result of the Canadian holding company's closing, the  "F"
appended  to  Nicholas Financial's NASDAQ stock  symbol  will  be
removed.   The "F" stock symbol designation is used by NASDAQ  to
signify a foreign corporation.

Peter  L. Vosotas, President and CEO of Nicholas Financial  Inc.,
expressed  mixed feelings regarding the Company's exit  from  the
Canadian  exchange.  Mr. Vosotas stated, "Our  relationship  with
everyone on the Vancouver Stock Exchange has been terrific.  They
made  it  possible  for  us to become a real  company.   Nicholas
Financial,  Inc. got its start because of the VSE.   We  will  be
forever in their debt."

"We  regret any inconvenience that we might be causing any of our
Canadian shareholders. We sincerely believe that we will  save  a
great  deal of confusion and expense by discontinuing the efforts
necessary  to  prepare  filings, audits and other  administrative
reporting  for  two  separate  securities  commissions,  in   two
different countries."

                          ### end ###

Attention: Shareholders, Brokers, Investors and Friends

You can receive prompt notification of company news and financial
information   from  Nicholas Financial, Inc. Simply visit our Web
Site at http://www.nicfn.com and provide  your E-mail information
in  our  Investor  Registry  service. You  can  also provide this
information   to   our   Investor   Relations    department    at
1-800-237-2721.  You  will receive  the  latest company news from
Nicholas  Financial, Inc.  in  you E-mail folder as soon as it is
released.

Don't forget to visit our web site for complete coverage of all Nicholas
Financial information.