---

# U.S. Securities and Exchange Commission

# Washington, D.C. 20549

---

# FORM 10-QSB

# [X] QUARTERLY REPORT UNDER SECTION 13
OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934

For the quarterly period ended December 31, 2002

OR

# [  ] TRANSITION REPORT UNDER SECTION 13
OR 15(d) OF THE SECURITIES EXCHANGE

# ACT OF 1934

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Commission File No. 0-8117

# CHURCH LOANS & INVESTMENTS TRUST

|State of Organization |                       | IRS
                                           Employer Identification
|--------------------- | --------------------- | ----------------------------------------------------------------------
|Texas                 |                       | No.
                                           75-6030254             
|                      | 5305 I-40 West        |                                                                       
|                      | Amarillo, Texas 79106 |                                                                       

Registrants telephone number:
806-358-3666

---

Check  whether the issuer (1) has filed all reports required to
be filed by  Section 13 or 15(d) of the  Exchange  Act during the past 12 months
(or for such  shorter  period  that the  registrant  was  required  to file such
reports),  and (2) has been subject to such filing  requirements for the past 90
days.
Yes X  No ___

As of December 31, 2002,  7,000,806 shares of the  Registrants
shares of beneficial interest were outstanding.

Transitional Small Business Disclosure Format (check one) Yes ___
No X

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# CHURCH LOANS & INVESTMENTS TRUST
INDEX

|Part I.                                                                                                                                       |                                                                                                                                                                                                                                                                                                            | Page
|--------------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----
|Item 1:                                                                                                                                       | Financial Information:                                                                                                                                                                                                                                                                                     |     
|                                                                                                                                              | Condensed
          Balance Sheets at December 31, 2002 and March 31, 2002.............                                                                                                                                                                                                                    | 1   
|                                                                                                                                              | Condensed Statements of Income for the three-month period
          and nine-month periods ended December 31, 2002 and 2001......................................................                                                                                                                          | 2   
|                                                                                                                                              | Condensed Statements of Cash Flows for the
          nine-month periods ended December 31, 2002 and 2001............................................................................                                                                                                                       | 3   
|                                                                                                                                              | Notes to Condensed Financial Statements...........................................................                                                                                                                                                                                                         | 4   
|Item 2:                                                                                                                                       | Management's Discussion and Analysis or Plan of Operation................................                                                                                                                                                                                                                  | 6   
|Item 3:                                                                                                                                       | Controls and Procedures.....................................................................................                                                                                                                                                                                               | 7   
|Part II.                                                                                                                                      | Other Information                                                                                                                                                                                                                                                                                          |     
|Item 6(a):                                                                                                                                    | Exhibits and Reports on Form 8-K......................................................................                                                                                                                                                                                                     | 8   
|                                                                                                                                              | Exhibit 99.1 -
          Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant
          to Section 906 of the Sarbanes-Oxley Act of 2002 - President & CFO.                                                                                                                               | 9   
|                                                                                                                                              | Exhibit 99.2 -
          Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant
          to Section 906 of the Sarbanes-Oxley Act of 2002 - Senior Vice
          President............................................................................................................... | 10  
|Signatures................................................................................................................................... | 11                                                                                                                                                                                                                                                                                                        
|Certifications by
          the President & CFO.................................................................................              | 12                                                                                                                                                                                                                                                                                                        
|Certifications by the
          Senior Vice President...........................................................................              | 13                                                                                                                                                                                                                                                                                                        



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# CHURCH LOANS & INVESTMENTS TRUST

(A Real Estate Investment Trust)
PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

Condensed Balance Sheets (Unaudited)
December 31, 2002 and March 31, 2002

`ASSETS
                                                                               December 31, 2002    March 31, 2002
                                                                               -----------------    ----------------
CASH AND CASH EQUIVALENTS                                                       $        336,016   $         134,889
RECEIVABLES
     Mortgage loans and church bonds - performing                                     35,950,218          30,507,636
     Interim construction loans - performing                                          13,885,053          15,317,011
     Nonperforming mortgage loans, church bonds
         and interim construction loans                                                1,618,805           1,151,907
     Less: Allowance for credit losses                                                (1,733,249)         (1,748,172)
                                                                                  --------------    ----------------
                                                                                      49,720,827          45,228,382
     Accrued interest receivable                                                         542,666             580,139
     Notes receivable                                                                    453,269             695,361
                                                                                  --------------    ----------------
                  Net receivables                                                     50,716,762          46,503,882
                                                                                  --------------    ----------------
PROPERTY AND EQUIPMENT, net                                                              129,774             134,931
REAL ESTATE ACQUIRED THROUGH FORECLOSURE                                               1,433,088           1,256,298
OTHER ASSETS                                                                              13,024              30,716
                                                                                  --------------    ----------------
TOTAL ASSETS                                                                     $    52,628,664     $    48,060,716
                                                                                  ==============    ================
                                       LIABILITIES AND SHAREHOLDERS' EQUITY
LIABILITIES
     Notes payable and line of credit:
         Related parties                                                        $      2,640,707   $       3,616,397
         Other                                                                        26,196,548          22,238,158
                                                                                  --------------    ----------------
                                                                                      28,837,255          25,854,555
     Accrued interest payable                                                            130,620              43,784
     Federal income tax payable                                                               -               73,810
     Other                                                                             1,212,681             962,095
                                                                                  --------------    ----------------
                  Total liabilities                                                   30,180,556          26,934,244
                                                                                  --------------    ----------------
SHAREHOLDERS' EQUITY
     Shares of beneficial interest, no par value; authorized
         shares unlimited, 7,007,402 shares issued                                    20,623,866          20,623,866
     Undistributed net income                                                          1,840,732             519,096
     Treasury shares, at cost (6,596 shares)                                             (16,490)            (16,490)
                                                                                  --------------    ----------------
                  Total shareholders' equity                                          22,448,108          21,126,472
                                                                                  --------------    ----------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY                                      $     52,628,664   $      48,060,716
                                                                                  ==============    ================`

These condensed financial statements should be read
only in  connection  with  the  accompanying  notes to  condensed  financial
statements.
-1-

---

# CHURCH LOANS & INVESTMENTS TRUST

(A Real Estate Investment Trust)

Condensed Statements of Income (Unaudited)
Three-month and nine-month periods ended
December 31, 2002 and 2001

`Three-month periods ended         Nine-month periods ended
                                                          September 30,                      September 30,
                                                      2002             2001             2002              2001
                                                      ----             ----             ----              ----
INTEREST INCOME AND FEES
    Interest and fees on mortgage
      loans, church bonds, and
      interim construction loans                  $   1,133,408   $     1,182,924   $    3,275,479   $     4,042,027
    Interest on temporary
       investments                                       45,373            16,805          177,250            70,865
                                                  -------------   ---------------   --------------    --------------
          Total interest income and fees              1,178,781         1,199,729        3,452,729         4,112,892
                                                  -------------   ---------------   --------------    --------------
DEBT EXPENSE
    Interest                                            252,272           205,033          723,226           799,626
                                                  -------------   ---------------   --------------    --------------
          Total debt expense                            252,272           205,033          723,226           799,626
                                                  -------------   ---------------   --------------    --------------
          Net interest income                           926,509           994,696        2,729,503         3,313,266

PROVISION FOR POSSIBLE
    CREDIT LOSSES                                            -             45,000               -            135,000
                                                  -------------   ---------------   --------------    --------------
          Net interest income
            less provision for
            possible credit losses                      926,509           949,696        2,729,503         3,178,266

OTHER INCOME                                             62,311             8,038           76,523            24,180

OTHER OPERATING EXPENSES
    General and administrative                          184,760           181,880          533,062           536,096
    Board of Trust Managers' fees                        13,308            11,964           45,167            38,318
                                                  -------------   ---------------   --------------    --------------
          Total other operating expenses                198,068           193,844          578,229           574,414
                                                  -------------   ---------------   --------------    --------------
          Income before provision
              for taxes                                 790,752           763,890        2,227,797         2,628,032
PROVISION FOR INCOME TAXES                               43,740                -            66,064               481
                                                  -------------   ---------------   --------------    --------------
NET INCOME                                        $     747,012   $       763,890   $    2,161,733    $    2,627,551
                                                  =============   ===============   ==============    ==============
WEIGHTED AVERAGE NUMBER
    OF SHARES OUTSTANDING                             7,000,806         7,000,806        7,000,806         7,000,806
                                                  =============   ===============   ==============    ==============
NET INCOME PER SHARE                                 $ 0.11            $ 0.11          $ 0.31             $ 0.38
                                                  =============   ===============   ==============    ==============
DIVIDENDS PER SHARE                                  $   -             $ 0.36          $ 0.12             $ 0.46
                                                  =============   ===============   ==============    ==============`

These condensed financial statements should be read
only in  connection  with  the  accompanying  notes to  condensed  financial
statements.
-2-

---

# CHURCH LOANS & INVESTMENTS TRUST

(A Real Estate Investment Trust)

Condensed Statements of Cash Flows (Unaudited)
Nine-month periods ended
December 31, 2002 and 2001

`Six-month periods
                                                                                         Nine-month periods
                                                                                          ended December 31,
                                                                                        2002               2001
CASH FLOWS FROM OPERATING ACTIVITIES                                                -------------    ---------------
     Net income                                                                     $   2,161,733    $     2,627,551
     Adjustments to reconcile net income to net cash
       provided by operating activities:
         Depreciation                                                                       5,157             11,755
         Provision for possible credit losses                                                  -             135,000
         Amortization of loan discounts                                                   (22,965)          (254,036)
         (Gain) on sale of other real estate                                               (9,321)                -
         Changes in:
           Accrued interest receivable                                                     37,473           (167,570)
           Accrued interest payable                                                        86,836           (115,734)
           Other liabilities                                                              250,586             32,953
           Federal income taxes payable                                                   (73,810)                -
           Other, net                                                                      17,692            (19,837)
                                                                                    -------------    ---------------
                  Net cash provided by operating activities                             2,453,381          2,250,082
                                                                                    -------------    ---------------
CASH FLOWS FROM INVESTING ACTIVITIES
     Investment in mortgage and interim construction
       loans and church bonds                                                         (22,538,359)       (13,769,194)
     Payments received on mortgage and interim
       construction loans and church bonds                                             17,553,294         17,571,296
     Advances of notes receivable                                                        (249,907)          (476,780)
     Payments received on notes receivable                                                491,999            420,616
     Proceeds from sale of other real estate                                              378,627                 -
     Additional investment in other real estate                                           (30,511)                -
                                                                                    -------------    ---------------
                  Net cash provided (used) by investing activities                     (4,394,857)         3,745,938
                                                                                    -------------    ---------------
CASH FLOWS FROM FINANCING ACTIVITIES
     Borrowings on notes payable                                                       23,976,109         14,884,868
     Principal payments on notes payable                                              (20,993,409)       (19,939,468)
     Cash dividends paid                                                                 (840,097)          (700,080)
                                                                                    -------------    ---------------
                  Net cash provided (used) by financing activities                      2,142,603         (5,754,680)
                                                                                    -------------    ---------------
                  Increase in cash and cash equivalents                                   201,127            241,340
CASH AND CASH EQUIVALENTS AT
     BEGINNING OF PERIOD                                                                  134,889            113,142
                                                                                    -------------    ---------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD                                          $     336,016    $       354,482
                                                                                    =============    ===============
Supplemental disclosure of cash flow information

     Cash paid during the period for interest                                       $     636,390    $       915,360
                                                                                    =============    ===============
     Real estate acquired through foreclosure                                       $     515,585    $     1,086,975
                                                                                    =============    ===============

During  December 2001, the Board of Trust managers  declared cash dividends of $2,520,290  ($.36 per share) payable
in January 2002.`

These condensed financial statements should be read
only in  connection  with  the  accompanying  notes to  condensed  financial
statements.
-3-

---

# CHURCH LOANS & INVESTMENTS TRUST

(A Real Estate Investment Trust)
Notes to Condensed Financial Statements (Unaudited)

#### NOTE 1 - GENERAL

See Summary of Significant  Accounting  Policies in the Trust's Annual Report
on  Form  10-  KSB405  for a  summary  of  the  Trust's  significant  accounting
policies.

The unaudited  condensed  financial  statements included herein were prepared
from the books of the Trust in accordance  with  generally  accepted  accounting
principles and reflect all adjustments (consisting of normal recurring accruals)
which are, in the opinion of  management,  necessary to a fair  statement of the
results of  operations  and  financial  position for the interim  periods.  Such
financial  statements  generally  conform to the  presentation  reflected in the
Trust's  Annual Report to  Shareholders.  The current  interim  period  reported
herein is included in the fiscal year subject to independent audit at the end of
that year and is not  necessarily an indication of the expected  results for the
fiscal year.

#### NOTE 2 - WEIGHTED AVERAGE INTEREST RATES Rates

Weighted average interest rates and net interest rate margins at December 31,
2002 and 2001, were as follows:

`Mortgage and interim
                                            construction loan and              Total           Net interest
                                            church bond portfolio          indebtedness         rate margin
                                            ---------------------          ------------        ------------
         December 31, 2002                          8.24%                    3.25%                4.99%
         December 31, 2001                         10.12%                    3.75%                6.37%`

#### NOTE 3 - CONTRACTUAL MATURITIES

Scheduled  principal  payments on mortgage  loans,  church  bonds and interim
construction  loans and indebtedness  (including  notes payable)  outstanding at
December 31, 2002, for the five twelve-month  periods subsequent to December 31,
2002, follow:

`Twelve-month period                 Mortgage loans, church bonds
                   ending December 31,               and interim construction loans            Indebtedness
                  --------------------               ------------------------------          ---------------
                      2003                                 $    16,047,776                   $    28,837,255
                      2004                                       1,939,308                                -
                      2005                                       2,030,970                                -
                      2006                                       2,080,766                                -
                      2007                                       2,212,304                                -`

-4-

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# CHURCH LOANS & INVESTMENTS TRUST

(A Real Estate Investment Trust)
Notes to Condensed Financial Statements (Unaudited)

#### NOTE 4 - MORTGAGE LOANS, CHURCH BONDS AND INTERIM CONSTRUCTION LOANS

Mortgage  loans,  church bonds and interim  construction  loans on which the
accrual of interest had been discontinued  amounted to $1,618,805 and $1,298,462
at December  31,  2002 and 2001,  respectively.  If  interest on these  mortgage
loans,  church bonds and interim  construction loans had been accrued as earned,
interest and fees on loans in the  accompanying  condensed  statements of income
would  have  been  increased  by  approximately  $45,000  and  $116,000  for the
nine-month  periods  ended  December 31, 2002 and 2001,  respectively.  Interest
income actually  recognized during 2002 and 2001 was  approximately  $16,000 and
$639,000,   respectively.   Interest  income  recognized  during  2001  includes
approximately $585,000 of interest collected on the pay-offs of three nonaccrual
loans.

#### NOTE 5 - NEW ACCOUNTING STANDARDS

On April 1, 2002, the Trust adopted  Financial  Accounting  Standards  Board
Statement  No.  141,  Business  Combinations,   and  Statement  No.  142,
Goodwill and Other  Intangible  Assets. The adoption of the new standards
did not have an impact on the Trust's financial statements.

This information is an integral part of the
accompanying condensed financial statements-5-

---

# CHURCH LOANS & INVESTMENTS TRUST

(A Real Estate Investment Trust)

Item 2. Management's Discussion and Analysis or Plan of Operation

Results of Operations - Three-Month and Nine-Month Periods Ended December 31,
2002 as Compared to the  Three-Month  and Nine-Month  Periods Ended December 31,
2001:

### Revenues

The Trust's revenues are derived from interest income earned on loans as well
as,  to a  lesser  degree,  interest  earned  on  church  bonds  and  short-term
investments. Such revenues decreased by $20,948 and $660,163 for the three-month
and nine-month periods ended December 31, 2002, respectively, as compared to the
corresponding  periods  in  2001  and is  primarily  due to  payments  on  three
nonperforming  loans  during  2001 as  discussed  below  and a  decrease  in net
interest rate margin during 2002.

During the first quarter of 2001, the Trust  received  $1,730,776 in full and
final  payment of a loan owing to the Trust  from The Arbor of  Natchitoches  of
Natchitoches,  Louisiana.  Such amount paid in full the  principal  and interest
owing to the Trust by such Borrower on May 11, 2001. The loan had been accounted
for as a nonperforming  loan by the Trust and certain interest payments had been
credited to principal. Therefore, the pay-off resulted in additional recognition
of interest income of approximately $146,000 during May 2001.

In addition, during the first quarter of 2001, the Trust received $490,000 in
full and final  payment  of a loan owing to the Trust  from the  Evangel  Temple
Assembly  of God of  Piedmont,  South  Carolina.  Such  amount  paid in full the
principal and interest  owing to the Trust by such Borrower on May 18, 2001. The
loan had been  accounted  for as a  nonperforming  loan by the Trust and certain
interest  payments  had been  credited  to  principal.  Therefore,  the  pay-off
resulted in additional  recognition of interest income of approximately $262,000
during May 2001.

During the second quarter of 2001, the Trust received  $1,777,378 in full and
final  payment  of a loan owing to the Trust  from The Arbor of  Farmerville  of
Farmerville,  Louisiana.  Such amount paid in full the  principal  and  interest
owing to the  Trust by such  borrower  on  August  17,  2001.  The loan had been
accounted for as a nonperforming loan by the Trust and certain interest payments
had been credited to principal.  Therefore,  the pay-off  resulted in additional
recognition of interest income of approximately $177,000 during August 2001.

Performing loans outstanding were $49,835,271 and $36,797,402 at December 31,
2002 and 2001, respectively. The average rate of return of the mortgage loan and
church bond  portfolio  decreased  from 10.12% at December  31, 2001 to 8.24% at
December 31, 2002.

### Interest Expense

The most  significant  expense item is interest  expense which  comprised the
majority of total  operating  expense for each of the three-month and nine-month
periods  ended  December 31, 2002 and 2001.  The increase of $47,239 in interest
expense during the three-month  period ended December 31, 2002 is primarily from
an increase in the average  debt  balance.  The  decrease of $76,400 in interest
expense during the nine-month period ended December 31, 2002 is primarily from a
decrease in the weighted average interest rate on all indebtedness from 3.75% at
December 31, 2001 to 3.25% at December 31, 2002.

-6-

---

# CHURCH LOANS & INVESTMENTS TRUST

(A Real Estate Investment Trust)

Item  2.   Management's   Discussion   and  Analysis  or  Plan  of  Operation
(Continued)

Results of Operations - Three-Month and Nine-Month Periods Ended December 31,
2002 as Compared to the  Three-Month  and Nine-Month  Periods Ended December 31,
2001:

### Other Income

Other  income was  $62,311 and $76,523  for the  three-month  and  nine-month
periods  ended  December 31, 2002 as compared to $8,038 and $24,180 for the same
periods  ended  in  2001.  This  increase  is  primarily  due  to  current  year
reimbursement  of  expenses   related  to  inspections   performed  at  customer
sites.

### New Accounting Standards

On April 1, 2002,  the Trust adopted  Financial  Accounting  Standards  Board
Statement No. 141,  Business  Combinations,  and Statement No. 142, Goodwill and
Other  Intangible  Assets.  The  adoption of the new  standards  did not have an
impact on the Trust's financial statements.

Item 3.  Controls and Procedures

The Trust's chief executive officer and its senior vice president are charged
with making an evaluation  of the Trust's  disclosure  controls and  procedures.
These controls and procedures are designed to ensure that  information  required
to be disclosed in reports  mandated by the  Securities  Exchange Act of 1934 is
recorded,  communicated  to  management,  and  accurately  reported  within  the
required  time  periods.  The Trust's  chief  executive  officer and senior vice
president  have  concluded,  based upon their  evaluation of these  controls and
procedures  as of December 31, 2002,  that the Trust's  disclosure  controls and
procedures are effective.

There have been no significant changes in the Trust's internal controls or in
other factors that could  significantly  affect these controls subsequent to the
date of their evaluation.

-7-

---

# CHURCH LOANS & INVESTMENTS TRUST

(A Real Estate Investment Trust)
PART II. OTHER INFORMATION

|Item 6. Exhibits and Reports on Form 8-K:
|-----------------------------------------
|(a)                                      
|(b)                                      

-8-

---

### EXHIBIT 99.1

### CERTIFICATION PURSUANT TO
                                               18
                                       U.S.C. SECTION 1350,
                                       AS ADOPTED PURSUANT TO
                                       SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In  connection  with the  Quarterly  Report of Church  Loans &  Investments  Trust (the  Trust) on Form  10-QSB  for the period  ending
December 31, 2002, as filed with the Securities and Exchange  Commission on the date hereof (the Report),  I, Kelly Archer,  President
and CFO of the Trust,  certify,  pursuant to 18 U.S.C.  section 1350, as adopted pursuant to section 906 of the  Sarbanes-Oxley  Act of
2002, that:

|(1) | The Report fully
                                           complies with the requirements of
                                           section 13(a) or 15(d) of the
                                           Securities Exchange Act of 1934; and                                                                        
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(2) | The information
                                           contained in the Report fairly
                                           presents, in all material respects,
                                           the financial condition and results
                                           of operations of the Trust.





|Dated: February 13, 2003 |  | /s/ Kelly Archer
         ______________________________
                 Kelly Archer, President & CFO
|------------------------ |  | -------------------------------------------------------------------------------------------------------

-9-

---

### EXHIBIT 99.2

### CERTIFICATION PURSUANT TO
                                               18
                                       U.S.C. SECTION 1350,
                                       AS ADOPTED PURSUANT TO
                                       SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In  connection  with the  Quarterly  Report of Church  Loans &  Investments  Trust (the  Trust) on Form  10-QSB  for the period  ending
December 31, 2002, as filed with the Securities and Exchange  Commission on the date hereof (the Report),  I,
                                       Robert Fowler,  Senior Vice President
                                       of the Trust,  certify,  pursuant to 18 U.S.C.  section 1350, as adopted pursuant to section 906 of the  Sarbanes-Oxley  Act of
2002, that:

|(1) | The Report fully
                                           complies with the requirements of
                                           section 13(a) or 15(d) of the
                                           Securities Exchange Act of 1934; and                                                                        
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(2) | The information
                                           contained in the Report fairly
                                           presents, in all material respects,
                                           the financial condition and results
                                           of operations of the Trust.





|Dated: February 13, 2003 |  | /s/ Robert Fowler
         ______________________________
                 Robert Fowler, Senior Vice President
|------------------------ |  | ---------------------------------------------------------------------------------------------------------------

-10-

---

# CHURCH LOANS & INVESTMENTS TRUST

SIGNATURES

(A Real Estate Investment Trust)

In  accordance with the requirements of the Exchange
Act,  the  registrant  has caused  this report to be signed on its behalf by the
undersigned, thereunto duly authorized.



# CHURCH LOANS & INVESTMENTS TRUST



|By | /s/ B. R. McMorries
         ______________________________
                 B. R. McMorries, Chairman | Dated: February 13, 2003 | 
|-- | ------------------------------------------------------------------------------------------------------ | ------------------------ | 



|By | /s/ Kelly Archer
         ______________________________
                 Kelly Archer
                 Chief Financial Officer | Dated: February 13, 2003 | 
|-- | ------------------------------------------------------------------------------------------------------------------------------- | ------------------------ | 

-11-

---

CERTIFICATIONS BY
                                       THE PRESIDENT & CFO

|I, Kelly
                                           Archer, certify that:
|-------------------------------------------------------------------------
|1.                                                                       
|2.                                                                       
|3.                                                                       
|4.                                                                       
|                                                                         
|                                                                         
|                                                                         
|5.                                                                       
|                                                                         
|                                                                         
|6.                                                                       

|Dated: February 13, 2003 |  | /s/ Kelly Archer
         ______________________________
                 Kelly Archer, President & CFO
|------------------------ |  | -------------------------------------------------------------------------------------------------------

-12-

---

CERTIFICATIONS BY
                                       THE SENIOR VICE PRESIDENT

|I,
                                           Robert Fowler, certify that:
|--------------------------------------------------------------------------
|1.                                                                        
|2.                                                                        
|3.                                                                        
|4.                                                                        
|                                                                          
|                                                                          
|                                                                          
|5.                                                                        
|                                                                          
|                                                                          
|6.                                                                        

|Dated: February 13, 2003 |  | /s/ Robert Fowler
         ______________________________
                 Robert Fowler, Senior Vice President
|------------------------ |  | ---------------------------------------------------------------------------------------------------------------

-13-

---