<html>

<head>
<title>8K2002&nbsp; Resignation of Accountants</title>
</head>

<body>
<b>

<p ALIGN="CENTER">UNITED STATES<br>
<font SIZE="4">SECURITIES AND EXCHANGE COMMISSION<br>
Washington D.C. 20549<br>
<br>
FORM 8-K</font></p>
</b>

<p align="center"><font size="3"><b>CURRENT REPORT<br>
Pursuant to Section 13 or 15(d) of the<br>
Securities Exchange Act of 1934</p>
</b></font>

<p>&nbsp;</p>

<p align="center"><u><font SIZE="4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
April 10, 2002</font>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<br>
</u>Date of Report (Date of earliest event reported)<font COLOR="#ffffff"></p>
</font>

<p>&nbsp;</p>
<b><font COLOR="#ffffff">

<p ALIGN="CENTER">X</font><font SIZE="4"> </font></b><font size="3"><u><strong>POINT WEST
CAPITAL CORPORATION</strong></u><br>
(Exact name of registrant as specified in its charter)</font><b><font SIZE="4"></p>
</font></b>

<p ALIGN="CENTER">&nbsp;</p>

<p ALIGN="CENTER">&nbsp;</p>
<div align="center"><center>

<table CELLSPACING="0" BORDER="0" CELLPADDING="7" WIDTH="628">
  <tr>
    <td WIDTH="34%" VALIGN="TOP"><b><p ALIGN="CENTER">Delaware<br>
    </b>(State or other jurisdiction of<br>
    incorporation or organization)</td>
    <td WIDTH="36%" VALIGN="TOP"><b><p ALIGN="CENTER">0-27736<br>
    </b>(Commission File<br>
    Number)</td>
    <td WIDTH="30%" VALIGN="TOP"><b><p ALIGN="CENTER">94-3165263<br>
    </b>(I.R.S. Employer<br>
    Identification Number)</td>
  </tr>
</table>
</center></div><div align="center"><center>

<table CELLSPACING="0" BORDER="0" CELLPADDING="7" WIDTH="638">
  <tr>
    <td WIDTH="51%" VALIGN="TOP"><b><p ALIGN="CENTER">1700 Montgomery Street, Suite 250<br>
    San Francisco, California<br>
    </b>(Address of principal executive offices)</td>
    <td WIDTH="49%" VALIGN="bottom"><b><p ALIGN="CENTER">94111<br>
    </b>(Zip Code)</td>
  </tr>
  <tr>
    <td VALIGN="TOP" COLSPAN="2"><b><p ALIGN="CENTER">(415) 394-9467<br>
    </b>(Registrant&#146;s telephone number, including area code)</td>
  </tr>
</table>
</center></div>

<p ALIGN="CENTER">&nbsp;</p>

<p ALIGN="CENTER">&nbsp;</p>

<p ALIGN="CENTER">&nbsp;</p>

<p>&nbsp;</p>
<b><u>

<p>Item 4. Changes in Registrant's Certifying Accountant</u>.</p>
</b>

<p ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a) On April 10, 2002, Ernst &amp; Young LLP resigned as Point West Capital
Corporation&#146;s (&quot;Registrant&quot;) independent accountants. Ernst &amp; Young LLP
decided to resign because it believed that the Registrant would be better served by a
smaller accounting firm. The reports of Ernst &amp; Young LLP on the financial statements
of the Registrant for the past two fiscal years contained no adverse opinion or disclaimer
of opinion and were not qualified or modified as to uncertainty, audit scope or accounting
principles, except that the 2001 opinion contained an explanatory paragraph related to the
going concern of the Registrant. During the Registrant&#146;s two most recent fiscal years
and any subsequent interim period, there have been no disagreements with Ernst &amp; Young
LLP on any matter of accounting principles or practices, financial statement disclosure or
auditing scope or procedure, which disagreements, if not resolved to the satisfaction of
Ernst &amp; Young LLP, would have caused them to make reference thereto in their report on
the financial statements for such years.</p>

<p ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)
The Registrant has delivered a copy of this Form 8-K Report to Ernst &amp; Young LLP, and
Ernst &amp; Young LLP has<font COLOR="#ff0000"> </font>provided the Registrant with a
letter to the effect that it agrees with the statements made in Item 4(a) of this report.
The Registrant has filed, as an exhibit to this Form 8-K Report, a copy of Ernst &amp;
Young LLP's letter.</p>
<u><b>

<p>Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.</p>
</b></u>

<p>(c) Exhibits</p>

<p>&nbsp;&nbsp;&nbsp;&nbsp; 16.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Letter
from Ernst &amp; Young LLP dated April 16, 2002. </p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p align="center">1</p>
<u><b>

<p ALIGN="CENTER">SIGNATURES</p>
</b></u>

<p>&nbsp;</p>

<p ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
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 thereunto duly
authorized.</p>

<p>Date: April 16, 2002</p>

<p>&nbsp;</p>
<div align="right">

<table border="0" cellpadding="0" cellspacing="0" width="50%">
  <tr>
    <td width="100%"><small>POINT WEST CAPITAL CORPORATION</small></td>
  </tr>
  <tr>
    <td width="100%"></td>
  </tr>
  <tr>
    <td width="100%">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/&nbsp; John Ward Rotter</td>
  </tr>
  <tr>
    <td width="100%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    John Ward Rotter</td>
  </tr>
  <tr>
    <td width="100%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    Chief Executive Officer</td>
  </tr>
</table>
</div>

<p align="center">2</p>
<u><b>

<p ALIGN="CENTER">EXHIBIT INDEX</p>
</b></u>

<p>&nbsp;</p>

<blockquote>
  <blockquote>
    <blockquote>
      <table BORDER="1" CELLSPACING="1" CELLPADDING="8" WIDTH="483">
        <tr>
          <td WIDTH="31%" VALIGN="bottom"><b><p ALIGN="CENTER">Exhibit <br>
          <u>Number</u></b></td>
          <td WIDTH="69%" VALIGN="bottom"><p align="center"><u>Document Description</u> </td>
        </tr>
        <tr>
          <td WIDTH="31%" VALIGN="TOP"><p ALIGN="CENTER">16.1</td>
          <td WIDTH="69%" VALIGN="TOP">Letter from Ernst &amp; Young LLP dated April 16, 2002</td>
        </tr>
        <tr>
          <td WIDTH="31%" VALIGN="TOP">&nbsp;</td>
          <td WIDTH="69%" VALIGN="TOP">&nbsp;</td>
        </tr>
      </table>
    </blockquote>
  </blockquote>
</blockquote>

<p align="center">3</p>

<p align="right">EXHIBIT 16.1 </p>

<p>&nbsp;</p>

<p>April 16, 2002</p>

<p>&nbsp;</p>

<p>Securities and Exchange Commission<br>
450 Fifth Street, N.W.<br>
Washington, DC&nbsp; 20549</p>

<p>Gentlemen:</p>

<p>We have read Item 4 of Form 8-K dated April 10, 2002, of Point West Capital Corporation
and are in agreement with the statements contained in the paragraph (a) on page 1 therein.
&nbsp; We have no basis to agree or disagree with other statements of the registrant
contained therein.</p>

<p>&nbsp;</p>

<p align="center">/s/ Ernst &amp; Young LLP</p>
</body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "r8k041002.htm", "description": "LETTER FROM ERNST & YOUNG DATED 4/16/02", "secsgml_size_bytes": 6964}]
{"company-data": {"conformed-name": "POINT WEST CAPITAL CORP", "cik": "0001002813", "assigned-sic": "6199", "irs-number": "943165263", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-27736", "film-number": "02612468"}, "business-address": {"street1": "1700 MONTGOMERY ST", "street2": "STE 250", "city": "SAN FRANCISCO", "state": "CA", "zip": "94111", "phone": "4153949467"}, "mail-address": {"street1": "1700 MONTGOMERY ST", "street2": "STE 250", "city": "SAN FRANCISCO", "state": "CA", "zip": "94111"}}
8K2002  Resignation of Accountants
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
April 10, 2002
Date of Report (Date of earliest event reported)
X
POINT WEST
CAPITAL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of
incorporation or organization)
0-27736
(Commission File
Number)
94-3165263
(I.R.S. Employer
Identification Number)
1700 Montgomery Street, Suite 250
San Francisco, California
(Address of principal executive offices)
94111
(Zip Code)
(415) 394-9467
(Registrant's telephone number, including area code)
Item 4. Changes in Registrant's Certifying Accountant
.
(a) On April 10, 2002, Ernst & Young LLP resigned as Point West Capital
Corporation's ("Registrant") independent accountants. Ernst & Young LLP
decided to resign because it believed that the Registrant would be better served by a
smaller accounting firm. The reports of Ernst & Young LLP on the financial statements
of the Registrant for the past two fiscal years contained no adverse opinion or disclaimer
of opinion and were not qualified or modified as to uncertainty, audit scope or accounting
principles, except that the 2001 opinion contained an explanatory paragraph related to the
going concern of the Registrant. During the Registrant's two most recent fiscal years
and any subsequent interim period, there have been no disagreements with Ernst & Young
LLP on any matter of accounting principles or practices, financial statement disclosure or
auditing scope or procedure, which disagreements, if not resolved to the satisfaction of
Ernst & Young LLP, would have caused them to make reference thereto in their report on
the financial statements for such years.
(b)
The Registrant has delivered a copy of this Form 8-K Report to Ernst & Young LLP, and
Ernst & Young LLP has
provided the Registrant with a
letter to the effect that it agrees with the statements made in Item 4(a) of this report.
The Registrant has filed, as an exhibit to this Form 8-K Report, a copy of Ernst &
Young LLP's letter.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
16.1         Letter
from Ernst & Young LLP dated April 16, 2002.
1
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 thereunto duly
authorized.
Date: April 16, 2002
POINT WEST CAPITAL CORPORATION
By:        /s/  John Ward Rotter
John Ward Rotter
Chief Executive Officer
2
EXHIBIT INDEX
Exhibit
Number
Document Description
16.1
Letter from Ernst & Young LLP dated April 16, 2002
3
EXHIBIT 16.1
April 16, 2002
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC  20549
Gentlemen:
We have read Item 4 of Form 8-K dated April 10, 2002, of Point West Capital Corporation
and are in agreement with the statements contained in the paragraph (a) on page 1 therein.
  We have no basis to agree or disagree with other statements of the registrant
contained therein.
/s/ Ernst & Young LLP