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<head>
<TITLE>FOR IMMEDIATE RELEASE</TITLE>
</head>

<body>

<p ALIGN="CENTER"><font size="2">SECURITIES AND EXCHANGE COMMISSION</font></p>

<p align="center"><font size="2">Washington D.C. 20549</font></p>

<p align="center"><b><font size="2">FORM 8-K</font></p>
</b>

<p align="center"><font size="2">CURRENT REPORT</font></p>

<p align="center"><font size="2">Pursuant to Section 13 or 15(d) of the <br>
Securities Exchange Act of 1934</font></p>

<p ALIGN="CENTER"><font size="2"><u>February 6, 2001</u><br>
Date of Report (Date of earliest event reported)</font></p>

<p ALIGN="CENTER"><font size="2"><u><b>POINT WEST CAPITAL CORPORATION</b></u> <br>
( Exact name of registrant as specified in its charter)</font></p>
<div align="center"><center>

<table border="0" cellpadding="0" cellspacing="0" width="100%">
  <tr>
    <td width="33%"><p align="center"><font size="2"><u>Delaware </u></font></td>
    <td width="33%"><p align="center"><font size="2"><u>0-27736</u></font></td>
    <td width="34%"><p align="center"><font size="2"><u>94-3165263</u></font></td>
  </tr>
  <tr>
    <td width="33%"><p align="center"><font size="2">(State or other&nbsp; jurisdiction of
    incorporation)</font></td>
    <td width="33%"><p align="center"><font size="2">(Commission File Number)</font></td>
    <td width="34%"><p align="center"><font size="2">(IRS Employer Identification No.)</font></td>
  </tr>
</TABLE>
</center></div>

<p align="center"><font size="2"><u>1700 Montgomery Street, Suite 250, San Francisco, CA
94111</u><br>
(Address of principal executive offices) (Zip Code)</font></p>

<p ALIGN="CENTER"><font size="2">Registrant's telephone number, including area code:
(415)394-9467</font></p>

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

<p><font size="2"><u><b>Item 5. Other Events</b></u> </font></p>

<p style="line-height: 30px"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On
February 6, 2001 the company issued a press release announcing significant cost
reductions.</font></p>

<p><font size="2"><b><u>Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.</u></b></font></p>

<p style="line-height: 30px"><font size="2">(c)&nbsp;&nbsp;&nbsp; Exhibits</font></p>

<p><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99.1 Text of Press Release
dated February 6, 2001.</font></p>

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

<p ALIGN="CENTER"><font size="2">SIGNATURES</font></p>
</b></u>

<p style="line-height: 30px"><font size="2">&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.</font></p>
<div align="right">

<table border="0" cellpadding="0" cellspacing="0" width="50%">
  <tr>
    <td width="100%"><font size="2"><b>POINT WEST CAPITAL CORPORATION </b></font></td>
  </tr>
  <tr>
    <td width="100%"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td width="100%"><font size="2">By:&nbsp; /s/ Alan B. Perper </font></td>
  </tr>
  <tr>
    <td width="100%"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alan B. Perper</font></td>
  </tr>
  <tr>
    <td width="100%"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President</font></td>
  </tr>
</TABLE>
</div>

<p align="left"><font size="2">Date: February 8, 2001</font></p>
<u><b>

<p ALIGN="CENTER"><font size="2">EXHIBIT INDEX</font></p>
</b></u><div align="center"><center>

<table BORDER="1" CELLSPACING="1" CELLPADDING="8" WIDTH="582" height="84">
  <tr>
    <td WIDTH="155" VALIGN="top" height="30" style="vertical-align: text-bottom"><b><p
    align="center"><font size="2">Exhibit</font></b></p>
    <p align="center"><font size="2"><u><b>Number</b></u></font></td>
    <td WIDTH="243" VALIGN="TOP" height="30"><u><p ALIGN="CENTER"><font size="2">Document
    Description</u> </font></td>
    <td WIDTH="134" VALIGN="TOP" height="30"><p align="center"><font size="2"><b>Sequential
    Page</b></font></p>
    <p align="center"><font size="2"><u><b>Number</b></u></font></td>
  </tr>
  <tr>
    <td WIDTH="155" VALIGN="TOP" height="15"><p align="center"><font size="2">99.1</font></td>
    <td WIDTH="243" VALIGN="TOP" height="15"><p align="center"><font size="2">Text of Press
    Release dated February 6, 2001</font></td>
    <td WIDTH="134" VALIGN="TOP" height="15"><blockquote>
      <blockquote>
        <p align="center"><font size="2">5</font></p>
      </blockquote>
    </blockquote>
    </td>
  </tr>
  <tr>
    <td WIDTH="155" VALIGN="TOP" height="1"></td>
    <td WIDTH="243" VALIGN="TOP" height="1"></td>
    <td WIDTH="134" VALIGN="TOP" height="1"></td>
  </tr>
</TABLE>
</center></div>

<p>&nbsp;</p>

<p class="MsoNormal" align="right"><font size="2">FOR IMMEDIATE RELEASE <br>
February 6, 2001 <br>
</p>

<p align="center"><strong><font size="2">POINT WEST CAPITAL CORPORATION <br>
ANNOUNCES <br>
SIGNIFICANT COST REDUCTIONS <br>
</font></strong></p>
</font>

<p align="center">&nbsp;</p>
<font FACE="Courier">

<p style="line-height: 40px; text-align: justify"><font size="2">SAN FRANCISCO - (February
6, 2001) Point West Capital Corporation (Nasdaq Symbol: PWCC) today announced that it has
taken steps to reduce costs significantly. Mr. Ward Rotter, the Company's CEO, commented
that &quot;these steps were taken in order to provide the Company more flexibility to
address its current businesses given the recent volatility in the financial markets and
the uncertainty of future economic growth.&quot;</font></p>

<p style="line-height: 40px; text-align: justify"><font size="2">Rotter announced that the
Company's staff has been reduced by approximately 35% to 13 personnel and that his 2001
salary, along with that of the two other executive officers, had been reduced by more than
half from year-2000 levels. These staff and salary reductions are expected to result in
annual cost savings of approximately $1 million. In a further attempt to reduce costs, the
Company intends to pursue the possibility of a sublease of a significant portion of its
existing office space. Mr. Rotter further said &quot;aggressive implementation of cost
saving measures can substantially improve the Company's financial position.&quot;</font></p>

<p style="text-align: justify"><font size="2">Point West Capital is a specialty financial
services company.</font></font><font FACE="Courier" size="2"></p>

<p style="text-align: justify">&nbsp;</p>

<p ALIGN="JUSTIFY"></font><font size="2">(KEYWORD CALIFORNIA AND INDUSTRY KEYWORD:
SPECIALTY FINANCE). </font></p>

<p><font size="2">CONTACTS:&nbsp;&nbsp;&nbsp; POINT WEST CAPITAL CORPORATION,&nbsp; SAN
FRANCISCO</font><font FACE="Courier" size="2">. <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;John Ward Rotter, 415/394-9469
<br>
</p>
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FOR IMMEDIATE RELEASE
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
February 6, 2001
Date of Report (Date of earliest event reported)
POINT WEST CAPITAL CORPORATION
( Exact name of registrant as specified in its charter)
Delaware
0-27736
94-3165263
(State or other  jurisdiction of
    incorporation)
(Commission File Number)
(IRS Employer Identification No.)
1700 Montgomery Street, Suite 250, San Francisco, CA
94111
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(415)394-9467
Item 5. Other Events
On
February 6, 2001 the company issued a press release announcing significant cost
reductions.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
(c)    Exhibits
99.1 Text of Press Release
dated February 6, 2001.
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.
POINT WEST CAPITAL CORPORATION
By:  /s/ Alan B. Perper
Alan B. Perper
President
Date: February 8, 2001
EXHIBIT INDEX
Exhibit
Number
Document
    Description
Sequential
    Page
Number
99.1
Text of Press
    Release dated February 6, 2001
5
FOR IMMEDIATE RELEASE
February 6, 2001
POINT WEST CAPITAL CORPORATION
ANNOUNCES
SIGNIFICANT COST REDUCTIONS
SAN FRANCISCO - (February
6, 2001) Point West Capital Corporation (Nasdaq Symbol: PWCC) today announced that it has
taken steps to reduce costs significantly. Mr. Ward Rotter, the Company's CEO, commented
that "these steps were taken in order to provide the Company more flexibility to
address its current businesses given the recent volatility in the financial markets and
the uncertainty of future economic growth."
Rotter announced that the
Company's staff has been reduced by approximately 35% to 13 personnel and that his 2001
salary, along with that of the two other executive officers, had been reduced by more than
half from year-2000 levels. These staff and salary reductions are expected to result in
annual cost savings of approximately $1 million. In a further attempt to reduce costs, the
Company intends to pursue the possibility of a sublease of a significant portion of its
existing office space. Mr. Rotter further said "aggressive implementation of cost
saving measures can substantially improve the Company's financial position."
Point West Capital is a specialty financial
services company.
(KEYWORD CALIFORNIA AND INDUSTRY KEYWORD:
SPECIALTY FINANCE).
CONTACTS:    POINT WEST CAPITAL CORPORATION,  SAN
FRANCISCO
.
John Ward Rotter, 415/394-9469