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:   July 30, 1998


                    FIRST NATIONS FINANCIAL SERVICES COMPANY
             (Exact name of registrant as specified in its charter)


                                    DELAWARE
          (State or other jurisdiction of incorporation or organization)

          333-1612               76-0481583
     (Commission  File  Number)     (IRS  Employer  Identification  Number)


                              C/O GARY N. PELEHATY
                           CHRISTIANA EXECUTIVE CAMPUS
                        220 CONTINENTAL DRIVE, SUITE 310
                           NEWARK, DELAWARE 19713-4314
                    (Address of principal executive offices)

                                 (800) 790-2474
              (Registrant's telephone number, including area code)










ITEM  4.       CHANGE  IN  REGISTRANT'S  CERTIFYING  ACCOUNTANT.
--------     ---------------------------------------------------

          In  July,  1998,  First  Nations  Financial  Services,  Inc.  (the
"Registrant")  dismissed  its  former  certified  public  accountants,  Harper &
Pearson  Company  ("Harper") who audited the Registrant's consolidated financial
statements.  The  decision to dismiss Harper was recommended and approved by the
Registrant's  Board  of  Directors.

          Harper  served  as  certified  public  accountants of the Registrant's
financial  statements  for the year ended September 30, 1997 and the period from
inception,  November  16,  1995 to October 8, 1996.  The report of Harper on the
Registrant's  consolidated financial statements for the year ended September 30,
1997  and  period from inception, November 16, 1995 to October 8, 1996 contained
no adverse opinion or disclaimer of opinion and was not qualified or modified as
to  uncertainty,  audit  scope  or  accounting  principle.

          In  connection  with  its audits for the year ended September 30, 1997
and  period from inception, November 16, 1995 to October 8, 1996, and during the
fiscal  year  1997  prior  to  Harper's  dismissal,  the  Registrant  had  no
disagreements  with  Harper  on  matters  of accounting principles or practices,
financial  statement  disclosure,  or  auditing  scope  or  procedure,  which
disagreements  if  not  resolved to the satisfaction of Harper would have caused
them  to  make  reference  thereto in their report on the consolidated financial
statements  for  such  years.


                                    SIGNATURE

     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.

FIRST  NATIONS  FINANCIAL  SERVICES,  INC.



By:  /s/Gary  N.  Pelehaty
     ---------------------
      Gary  N.  Pelehaty,  President


Dated:  July  30,  1998
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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:   July 30, 1998

                    FIRST NATIONS FINANCIAL SERVICES COMPANY
             (Exact name of registrant as specified in its charter)

                                    DELAWARE
          (State or other jurisdiction of incorporation or organization)

          333-1612               76-0481583
     (Commission  File  Number)     (IRS  Employer  Identification  Number)

                              C/O GARY N. PELEHATY
                           CHRISTIANA EXECUTIVE CAMPUS
                        220 CONTINENTAL DRIVE, SUITE 310
                           NEWARK, DELAWARE 19713-4314
                    (Address of principal executive offices)

                                 (800) 790-2474
              (Registrant's telephone number, including area code)

ITEM  4.       CHANGE  IN  REGISTRANT'S  CERTIFYING  ACCOUNTANT.
--------     ---------------------------------------------------

          In  July,  1998,  First  Nations  Financial  Services,  Inc.  (the
"Registrant")  dismissed  its  former  certified  public  accountants,  Harper &
Pearson  Company  ("Harper") who audited the Registrant's consolidated financial
statements.  The  decision to dismiss Harper was recommended and approved by the
Registrant's  Board  of  Directors.

          Harper  served  as  certified  public  accountants of the Registrant's
financial  statements  for the year ended September 30, 1997 and the period from
inception,  November  16,  1995 to October 8, 1996.  The report of Harper on the
Registrant's  consolidated financial statements for the year ended September 30,
1997  and  period from inception, November 16, 1995 to October 8, 1996 contained
no adverse opinion or disclaimer of opinion and was not qualified or modified as
to  uncertainty,  audit  scope  or  accounting  principle.

          In  connection  with  its audits for the year ended September 30, 1997
and  period from inception, November 16, 1995 to October 8, 1996, and during the
fiscal  year  1997  prior  to  Harper's  dismissal,  the  Registrant  had  no
disagreements  with  Harper  on  matters  of accounting principles or practices,
financial  statement  disclosure,  or  auditing  scope  or  procedure,  which
disagreements  if  not  resolved to the satisfaction of Harper would have caused
them  to  make  reference  thereto in their report on the consolidated financial
statements  for  such  years.

                                    SIGNATURE

     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.

FIRST  NATIONS  FINANCIAL  SERVICES,  INC.

By:  /s/Gary  N.  Pelehaty
     ---------------------
      Gary  N.  Pelehaty,  President

Dated:  July  30,  1998