<PAGE>





                  U.S. SECURITIES AND EXCHANGE COMMISSION 
                           Washington, D.C. 20549 



                              FORM 8-K 

                             Current Report



               REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE 
                   SECURITIES AND EXCHANGE ACT OF 1934 



                                      July 9, 1998
                                             Date of Report
                                  (Date of earliest event reported)

 
                                    
                 WALL STREET FINANCIAL CORPORATION 
        Exact name of Small Business Issuer as specified in its charter) 
         

                            
     Delaware                    0-17117                   99-0240826 
     (State of                Commission File No.      (I.R.S. employer 
     incorporation)                                   identification  No.) 




  
     1088 Bishop Street, Suite 202, Honolulu, HI, USA        96813    
     (Address of principal executive offices)              (Zip Code) 
 
   
  Registrant's telephone number, including area code:  (808) 526-3999 
____________________________________________________________________________ 
 
<PAGE>
Item 1.    Changes in Control of Registrant

     Not applicable


Item 2.    Acquisition or Disposition of Assets

     Not Applicable


Item 3.    Bankruptcy or Receivership

     Not Applicable


Item 4.    Changes in Registrant's Certifying Accountant

     Not Applicable


Item 5.    Other Events


1.   The Company held a meeting of securities holders on July 9, 1998, in
Honolulu, Hawaii at which time the following actions were approved:

     a.    Election of six (6) directors to serve until the 1999 Annual Meeting
of Stockholders or until their successors shall have been duly elected and
qualified.

     b.    To increase the authorized capital stock of the Company from
25,000,000 (twenty-five million) to 100,000,000 (one hundred million) common
shares.

     c.    To change the name of the Company to "WSF Corporation".  To further
retain the name "Wall Street Financial Corporation" as an assumed business name
("dba") of the renamed WSF Corporation.

     d.    To ratify the selection of Mark C. Hulse, Chartered Accountant,
member firm of Summit International Associates (New York), as the Company's
independent auditor for the fiscal year ending December 31, 1998.


2.   The current officers and directors of the Company are as follows:

  BOARD OF DIRECTORS

     Gerhart W. Walch                   Director, Chairman of the Board, Member
                                        Executive Committee

     Roy S. Adaniya, M.D.               Director, Chairman of the Compensation  
                                        Committee, Member Executive Committee

     Antoine Y. Gedeon                  Director, Subsidiary President          
                                     

     Gordon E. Rapozo                   Director, Chairman of the Audit         
                                        Committee, Member Executive Committee

     Nigel Miguel                       Director

     Michael Singh                      Director




  OFFICERS

     Gerhart W. Walch                   President and Chief Executive Officer

     Antoine Y. Gedeon                  Subsidiary President

     Janice Milliken                    Subsidiary Vice-President
     
     Gail Kitaji, Ph.D.                 Treasurer

     Richard G. MacMillan, Esq.         Corp. Secretary

     Robertha Magnus-Usher              Corp. Secretary of Belize based         
                                        Operations


3.   Compradore, an affiliate of WSF Corporation, filed a law suit in July 1997
in Hawaii State Court against Raymond Ho, etal. for breach of contract and
other causes of action related to the assets of a former Hong Kong Company
which Ho and the others had sold.



Item 6.    Resignations of Registrant's Directors

     None

Item 7.    Financial Statements and Exhibits

     None




                           SIGNATURES

     Pursuant to the requirements of the Securities Act of 1934, the Registrant
has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.


                                    WSF Corporation



                                    By /s/ Gerhart W. Walch
                                    Gerhart W. Walch
                                    Chairman of the Board
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{"company-data": {"conformed-name": "WALL STREET FINANCIAL CORP /DE/", "cik": "0000837491", "assigned-sic": "8742", "irs-number": "990240826", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-17117", "film-number": "98669771"}, "business-address": {"street1": "1088 BISHOP ST SUITE 1104", "city": "HONOLULU", "state": "HI", "zip": "96813", "phone": "8085263999"}, "mail-address": {"street1": "1088 BISHOP STREET", "street2": "SUITE 1104", "city": "HONOLULU", "state": "HI", "zip": "96813"}}
U.S. SECURITIES AND EXCHANGE COMMISSION 
                           Washington, D.C. 20549 

                              FORM 8-K 

                             Current Report

               REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE 
                   SECURITIES AND EXCHANGE ACT OF 1934 

                                      July 9, 1998
                                             Date of Report
                                  (Date of earliest event reported)

 
                                    
                 WALL STREET FINANCIAL CORPORATION 
        Exact name of Small Business Issuer as specified in its charter) 
         

                            
     Delaware                    0-17117                   99-0240826 
     (State of                Commission File No.      (I.R.S. employer 
     incorporation)                                   identification  No.) 

  
     1088 Bishop Street, Suite 202, Honolulu, HI, USA        96813    
     (Address of principal executive offices)              (Zip Code) 
 
   
  Registrant's telephone number, including area code:  (808) 526-3999 
____________________________________________________________________________
Item 1.    Changes in Control of Registrant

     Not applicable

Item 2.    Acquisition or Disposition of Assets

     Not Applicable

Item 3.    Bankruptcy or Receivership

     Not Applicable

Item 4.    Changes in Registrant's Certifying Accountant

     Not Applicable

Item 5.    Other Events

1.   The Company held a meeting of securities holders on July 9, 1998, in
Honolulu, Hawaii at which time the following actions were approved:

     a.    Election of six (6) directors to serve until the 1999 Annual Meeting
of Stockholders or until their successors shall have been duly elected and
qualified.

     b.    To increase the authorized capital stock of the Company from
25,000,000 (twenty-five million) to 100,000,000 (one hundred million) common
shares.

     c.    To change the name of the Company to "WSF Corporation".  To further
retain the name "Wall Street Financial Corporation" as an assumed business name
("dba") of the renamed WSF Corporation.

     d.    To ratify the selection of Mark C. Hulse, Chartered Accountant,
member firm of Summit International Associates (New York), as the Company's
independent auditor for the fiscal year ending December 31, 1998.

2.   The current officers and directors of the Company are as follows:

  BOARD OF DIRECTORS

     Gerhart W. Walch                   Director, Chairman of the Board, Member
                                        Executive Committee

     Roy S. Adaniya, M.D.               Director, Chairman of the Compensation  
                                        Committee, Member Executive Committee

     Antoine Y. Gedeon                  Director, Subsidiary President          
                                     

     Gordon E. Rapozo                   Director, Chairman of the Audit         
                                        Committee, Member Executive Committee

     Nigel Miguel                       Director

     Michael Singh                      Director

  OFFICERS

     Gerhart W. Walch                   President and Chief Executive Officer

     Antoine Y. Gedeon                  Subsidiary President

     Janice Milliken                    Subsidiary Vice-President
     
     Gail Kitaji, Ph.D.                 Treasurer

     Richard G. MacMillan, Esq.         Corp. Secretary

     Robertha Magnus-Usher              Corp. Secretary of Belize based         
                                        Operations

3.   Compradore, an affiliate of WSF Corporation, filed a law suit in July 1997
in Hawaii State Court against Raymond Ho, etal. for breach of contract and
other causes of action related to the assets of a former Hong Kong Company
which Ho and the others had sold.

Item 6.    Resignations of Registrant's Directors

     None

Item 7.    Financial Statements and Exhibits

     None

                           SIGNATURES

     Pursuant to the requirements of the Securities Act of 1934, the Registrant
has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.

                                    WSF Corporation

                                    By /s/ Gerhart W. Walch
                                    Gerhart W. Walch
                                    Chairman of the Board