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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 10-Q
(Mark  One:)

  [x}     QUARTERLY  REPORT  PURSUANT  TO  SECTION  13  OR  15(d)  OF  THE
                        SECURITIES EXCHANGE ACT OF 1934

                FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2001

                                       OR

  [ ]     TRANSITION  REPORT  PURSUANT  TO  SECTION  13  OR  15(d)  OF  THE
                        SECURITIES EXCHANGE ACT OF 1934

           For  the  transition  period  from         to
                                              -------    ---------

                         Commission file number 1-10569

                              AUTOLEND GROUP, INC.
                              --------------------
             (Exact name of registrant as specified in its charter)

            Delaware                                       22-3137244
   -------------------------------                      ----------------
   (State  or other jurisdiction                        (IRS Employer
  of incorporation of organization)                     Identification No.)

           600 Central SE, Third Floor, Albuquerque, New Mexico 87102
           ----------------------------------------------------------
               (Address of principal executive office) (Zip Code)

                                 (505) 768-1000
                                 --------------
              (Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding  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
   ---   ---
Applicable  only  to  Registrants  involved in bankruptcy proceedings during the
preceding  five  years:
Indicate  by  check  mark  whether  the  registrant  has filed all documents and
reports  required  to  be  filed  by  Section 12, 13, or 15(d) of the Securities
Exchange  Act  of 1934 subsequent to the distribution of securities under a plan
confirmed  by  a  court.  Yes X  No
                             ---   ---

Applicable  only  to  corporate  issuers:
The  number of shares outstanding of the Registrant's common stock was 1,095,303
at  November 14, 2001.

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<PAGE>

                      AUTOLEND GROUP, INC. AND SUBSIDIARIES

                                TABLE OF CONTENTS
                                                                            Page
                                                                            ----
                         PART I - FINANCIAL INFORMATION

Item  1.  Financial  Statements. . . . . . . . . . . . . . . . . . . . . . .   3

     Consolidated Balance Sheets as of September 30, 2001 and March 31, 2001   3

     Consolidated Statements of Operation for the three-month and
          six-month periods ended September 30, 2001 and 2000. . . . . . . .   4

     Consolidated Statement of Changes in Stockholders' Equity/(Deficit)
          for the six-month period ended September 30, 2001. . . . . . . . .   5

     Consolidated Statements of Cash Flow for the six-month periods
          ended September 30, 2001 and 2000. . . . . . . . . . . . . . . . .   6

     Notes  to  Consolidated  Financial  Statements. . . . . . . . . . . . .   7

Item  2.  Management's Discussion and Analysis of Financial Condition
               and  Results  of  Operation . . . . . . . . . . . . . . . . .  11

Item  3.  Quantitative and Qualitative Disclosure about Market Risk. . . . .  14

                           PART II - OTHER INFORMATION

Item  1.  Legal  Proceedings . . . . . . . . . . . . . . . . . . . . . . . .  15
Item  2.  Changes  in  Securities  and  Use  of  Proceeds. . . . . . . . . .  15
Item  3.  Default  Upon  Senior  Securities. . . . . . . . . . . . . . . . .  15
Item  4.  Submission  of  Matters  to  a  Vote  of  Security  Holders. . . .  15
Item  5.  Other  Information . . . . . . . . . . . . . . . . . . . . . . . .  16
Item  6.  Exhibits  and  Reports  on  Form  8-K. . . . . . . . . . . . . . .  16

SIGNATURES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  17

                          FORWARD-LOOKING INFORMATION

     The  following  discussions include "forward-looking statements" within the
meaning  of  Section  27A  of  the Securities Act of 1933 and Section 21E of the
Securities  Exchange Act of 1934.  Forward-looking statements are not historical
facts;  they  involve  risks  and  uncertainties  that could cause the Company's
results  to differ materially from those in the forward-looking statements.  The
risks  and  uncertainties  that  may  affect  the  operations,  performance,
development,  and  results  of  the  Company's business include significant risk
factors,  such  as  the  real and perceived difficulties from the Company's past
bankruptcy  (which  could  adversely  affect  its  existing  and  any  proposed
operations),  and the Company's present financial condition.  From time to time,
the  Company may publish or otherwise make available forward-looking statements.
All  subsequent  forward-looking statements, whether written or oral and whether
made  by  or  on  behalf  of  the Company, are also expressly qualified by these
cautionary  statements.


                                        2
<PAGE>
                      AUTOLEND GROUP, INC. AND SUBSIDIARIES
                         PART I - FINANCIAL INFORMATION

ITEM  1.  FINANCIAL  STATEMENTS.
<TABLE>
<CAPTION>

                                        CONSOLIDATED BALANCE SHEETS


                                                                              September 30,    March 31,
                                                                                  2001            2001
                                                                             ---------------  ------------
                                                                               (unaudited)     (audited)
ASSETS:
<S>                                                                          <C>              <C>
        Cash                                                                 $        9,885   $    12,912
        Rent receivable due from stockholder                                          3,250             -
        Prepaid expenses                                                                191           151
        Prepaid franchise tax                                                         4,788         4,788
                                                                             ---------------  ------------

               TOTAL CURRENT ASSETS                                                  18,114        17,851

        Deposits                                                                     10,000        10,000
        Purchased insurance policies at estimated market value; face
             value of $366,044 at September 30, 2001 and March 31, 2001              52,037        52,037
        Fixed assets, less accumulated depreciation of $29,126 at
             September 30, 2001, and $24,376 at March 31, 2001                       27,065        31,815
                                                                             ---------------  ------------

TOTAL ASSETS                                                                 $      107,216   $   111,703
                                                                             ===============  ============

LIABILITIES:
        Accounts payable - other                                             $       14,921   $    17,364
        Accrued contingent payroll                                                   33,225        33,225
        Accrued contingent liabilities                                               68,930        68,930
        Current portion of notes payable to stockholders                            287,949       287,949
        Accrued amortization - notes payable to stockholders                         67,441        57,432
                                                                             ---------------  ------------

              TOTAL CURRENT LIABILITIES                                             472,466       464,900

        Long-term portion of notes payable to stockholders                          222,784       222,784
                                                                             ---------------  ------------

TOTAL LIABILITIES                                                                   695,250       687,684

STOCKHOLDERS' EQUITY/(DEFICIT):
   Preferred stock, $.002 par value.  Authorized 5,000,000 shares.  No                    -             -
      shares issued or outstanding at September 30, 2001 or March 31, 2001
   Common stock, $.002 par value.  Authorized 40,000,000 shares.
            Issued and outstanding 1,092,053 shares at September 30, 2001
                   and March 31, 2001                                                 2,184         2,184
            Issuable 3,250 shares at September 30, 2001 and March 31, 2001                6             6
   Additional paid-in capital                                                       675,068       675,068
   Accumulated deficit                                                           (1,265,292)   (1,253,239)
                                                                             ---------------  ------------

             TOTAL STOCKHOLDERS' EQUITY/(DEFICIT)                                  (588,034)     (575,981)
                                                                             ---------------  ------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)                         $      107,216   $   111,703
                                                                             ===============  ============
</TABLE>

See  accompanying  notes  to  consolidated  financial  statements.


                                        3
<PAGE>
                      AUTOLEND GROUP, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENT OF OPERATIONS
                                   (UNAUDITED)
<TABLE>
<CAPTION>

                                                               THREE-MONTH PERIODS       SIX-MONTH PERIODS
                                                               ENDED SEPTEMBER 30,       ENDED SEPTEMBER 30,
                                                            ------------------------  ------------------------
                                                               2001         2000         2001         2000
                                                            -----------  -----------  -----------  -----------
<S>                                                         <C>          <C>          <C>          <C>
Revenues:
  Revenues from matured insurance policies                  $        -   $        -   $        -   $        -
                                                            -----------  -----------  -----------  -----------
     Gross revenues                                                  -            -            -            -
  Cost of matured insurance policies                                 -            -            -            -
                                                            -----------  -----------  -----------  -----------
     TOTAL NET REVENUES                                     $        -   $        -   $        -   $        -

General and administrative expenses                         $  (49,104)  $ (177,651)  $ (123,049)  $ (551,387)
Loss on termination agreement with former officer                    -     (117,500)           -     (117,500)
                                                            -----------  -----------  -----------  -----------
    OPERATING LOSS                                          $  (49,104)  $ (295,151)  $ (123,049)  $ (668,887)
                                                            -----------  -----------  -----------  -----------

Other income/(expense):
   Interest income                                          $       81   $    1,328   $      305   $    4,858
   Investment income                                             3,500            -        6,500            -
   Rental income                                                 9,750            -       19,500            -
   Notes payable, discount amortization                         (5,004)      (7,873)     (10,009)     (15,747)
   Other income                                                      -          443            -          753
                                                            -----------  -----------  -----------  -----------

    TOTAL NET OTHER INCOME/(EXPENSE)                        $    8,327   $   (6,102)  $   16,296   $  (10,136)
                                                            -----------  -----------  -----------  -----------

Net loss from continuing operations                         $  (40,777)  $ (301,253)  $ (106,753)  $ (679,023)
   Income from discontinued operations                               -       21,351       94,700       26,416
                                                            -----------  -----------  -----------  -----------
NET LOSS                                                    $  (40,777)  $ (279,902)  $  (12,053)  $ (652,607)
                                                            ===========  ===========  ===========  ===========

PER SHARE:
----------
  Operating loss                                            $    (0.04)  $    (0.27)  $    (0.11)  $    (0.61)
  Total net other income/(expense)                                0.01            -         0.01        (0.01)
                                                            -----------  -----------  -----------  -----------
Net loss from continuing operations                         $    (0.03)  $    (0.27)  $    (0.10)  $    (0.62)
   Income from discontinued operations                               -         0.02         0.09         0.02
                                                            -----------  -----------  -----------  -----------
Net loss                                                    $    (0.03)  $    (0.25)  $    (0.01)  $    (0.60)
                                                            ===========  ===========  ===========  ===========

Weighted average number of common and common
  equivalent shares issued and outstanding                   1,092,053    1,088,803    1,092,053    1,088,803
Weighted average number of common and common
  equivalent shares issuable                                     3,250        6,500        3,250        5,763
                                                            -----------  -----------  -----------  -----------
Total weighted average  number of common and common
   equivalent shares issued and outstanding, and issuable    1,095,303    1,095,303    1,095,303    1,094,566
                                                            ===========  ===========  ===========  ===========
</TABLE>

          See accompanying notes to consolidated financial statements.


                                        4
<PAGE>
                      AUTOLEND GROUP, INC. AND SUBSIDIARIES
       CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY/(DEFICIT)
                                   (UNAUDITED)



<TABLE>
<CAPTION>

                               Preferred Stock     Common Stock
                               ---------------  ------------------  Additional
                                # of      $        # of       $      Paid-in   Accumulated
                               Shares   Amount    Shares    Amount   Capital     Deficit       Total
                               ------  -------  ---------  -------  --------  ------------  ----------
<S>                            <C>     <C>      <C>        <C>      <C>       <C>           <C>
BALANCE AT MARCH 31, 2001           -  $     -  1,095,303  $ 2,190  $675,068  $(1,253,239)  $(575,981)

  Net income for six months
    ended September 30, 2001        -        -          -        -         -      (12,053)    (12,053)
                               ------  -------  ---------  -------  --------  ------------  ----------

BALANCE AT SEPTEMBER 30, 2001       -  $     -  1,095,303  $ 2,190  $675,068  $(1,265,292)  $(588,034)
                               ------  -------  ---------  -------  --------  ------------  ----------
</TABLE>

See  accompanying  notes  to  consolidated  financial  statements.


                                        5
<PAGE>
                      AUTOLEND GROUP, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOW
                                   (UNAUDITED)
<TABLE>
<CAPTION>

                                                                     SIX-MONTH PERIODS ENDED
                                                                          SEPTEMBER 30,
                                                                       ---------------------
                                                                         2001        2000
                                                                       ---------  ----------
<S>                                                                    <C>        <C>
Cash flow from operating activities:
   NET LOSS                                                            $(12,053)  $(652,607)
   Adjustments to reconcile net income/(loss) to net cash flow
           from operating activities:
      Depreciation expense                                                4,750       5,410
      Amortization of debt discount                                      10,009      15,747
      Gain on sale of installment loan portfolio                        (95,000)          -
      Loss on termination agreement with former officer                       -     117,500
      Gain on sale of fixed asset                                             -        (793)

   Changes in assets and liabilities:
      (Increase) decrease in assets:
         Other receivables                                                    -      38,219
         Rent receivable from stockholder                                (3,250)          -
         Prepaid expenses                                                   (40)     18,998
         Installment contracts receivable (loans) and loss recovery           -      27,809
         Purchased insurance policies                                         -        (203)
      Increase (decrease) in liabilities:
         Accounts payable - trade, and accrued liabilities               (2,443)    (23,060)
         Other liabilities - contingent                                       -      83,975
                                                                       ---------  ----------
         CASH USED BY OPERATING ACTIVITIES                             $(98,027)  $(369,005)
                                                                       ---------  ----------

Cash flow from investing activities:
             Net proceeds from the sale of installment loan portfolio  $ 95,000   $       -
             Proceeds from sale of fixed asset                                -       1,534
             Proceeds from former officer                                     -      27,500
             Purchase of investments                                    (65,000)          -
             Proceeds received from investments                          65,000           -
                                                                       ---------  ----------
         CASH PROVIDED BY INVESTING ACTIVITIES                         $ 95,000   $  29,034
                                                                       ---------  ----------

Cash flow from financing activities:
          Proceeds received from stock issuance                        $      -   $  80,303
                                                                       ---------  ----------

         CASH PROVIDED BY FINANCING ACTIVITIES                         $      -   $  80,303
                                                                       ---------  ----------

NET DECREASE IN CASH                                                   $ (3,027)  $(259,668)
Cash at beginning of period                                              12,912     373,184
                                                                       ---------  ----------
CASH AT END OF PERIOD                                                  $  9,885   $ 113,516
                                                                       =========  ==========
</TABLE>

NON-CASH  INVESTING  AND  FINANCING  ACTIVITIES.

There  were  no  non-cash  investing  or financing activities for the six months
ended  September  30, 2001.  During the six months ended September 30, 2000, the
following  non-cash investing activity occurred:  The Company acquired furniture
and  fixtures  with  an  estimated  market  value  of  $5,000 as a result of the
termination  agreement  with Nunzio P. DeSantis dated September 28, 2000.  There
were  no  non-cash  financing  activities for the six months ended September 30,
2000.

          See accompanying notes to consolidated financial statements.


                                        6
<PAGE>
                      AUTOLEND GROUP, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)


(1)  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES:  BASIS  OF PRESENTATION.

The  accompanying  consolidated financial statements of AutoLend Group, Inc. and
its  wholly  owned  subsidiaries AutoLend Corporation, LB NM, Inc., and American
Life Resources Group, Inc. (collectively, the "Company" or "AutoLend") have been
prepared  on a going-concern basis, which contemplates the realization of assets
and  the  satisfaction  of  liabilities  and commitments in the normal course of
business.  As  a  result  of  the  Company's inability to make repayment on, and
resultant  default on, its convertible subordinated debentures due September 19,
1997  (the  "Debentures"),  the Company filed for voluntary reorganization under
Chapter  11 of the United States Bankruptcy Code in the United States Bankruptcy
Court  for  the District of New Mexico (the "Bankruptcy Court") on September 22,
1997.  The  Bankruptcy  Court  confirmed  a Plan of Reorganization (the "Plan"),
which became effective on March 5, 1999, at which time the Company was no longer
classified  as  a  "debtor-in-possession."  On  January 13, 2000, the Bankruptcy
Court  entered  its final decree, thereby closing the Company's Chapter 11 case.

The  Company's  audited consolidated balance sheet as of March 31, 2001, and the
accompanying  unaudited  consolidated  financial  statements as of September 30,
2001  and 2000, have been presented in conformity with the American Institute of
Certified  Public  Accountants'  Statement  of  Position  90-7.  While it was in
Chapter  11,  the Company adopted "fresh-start" reporting and gave effect to its
emergence  as  of  March  5, 1999.  Under fresh-start accounting, all assets and
liabilities  are restated to reflect their reorganized value, which approximates
fair  value.

With  respect  to  the  unaudited  consolidated financial statements for the six
months  ended  September 30, 2001 and 2000, it is the Company's opinion that all
necessary adjustments (consisting of normal and recurring adjustments) have been
included  to present a fair statement of results for the interim periods.  These
statements  should  be  read  in  conjunction  with  the  Company's consolidated
financial statements in its Annual Report on Form 10-K for the fiscal year ended
March  31, 2001.  Certain information and footnote disclosures normally included
in  financial  statements  prepared  in  accordance  with  generally  accepted
accounting  principles  have  been condensed or omitted, pursuant to the general
rules and regulations promulgated by the Securities and Exchange Commission (the
"SEC").

(2)  GOING  CONCERN.

At  September  30, 2001, the Company had net cash of $10,000, and had a negative
net equity (i.e., a deficit) of $588,000, which excludes the financial effect of
a remaining lease obligation due pursuant to the Albuquerque office lease terms,
which  totaled  approximately  $317,000  at  September  30,  2001.  The  Company
believes  that  it  presently  has insufficient cash necessary to meet its daily
operating  requirements without regard to its notes payable obligations, through
the fiscal year ending March 31, 2002.  It now appears that due to reductions in
fixed  overhead and personnel, the Company may survive into the third quarter of
this  fiscal year.  The Company is not likely to be able to secure and install a
new,  profitable line of business before it runs out of cash.  Without either an
infusion  of  capital,  negotiation of debt relief, purchase of a going concern,
and/or  the  sale  or  realization  of  assets for cash at greater than net book
value,  the  Company  will  have  difficulty  in  meeting  its  obligations.


                                        7
<PAGE>
                      AUTOLEND GROUP, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)

The  Company is exploring various strategic options and financial opportunities,
including  the  purchase  of  certain operating assets of Prinova Capital Group,
Inc.  ("Prinova").  Prinova  is a New Mexico corporation.  Prinova is a private,
closely-held  financial  services  company,  headquartered  in  Albuquerque, New
Mexico.  Prinova  has  no  past  or present ties or affiliations with any former
stockholder,  director,  or  officer  of  the  Company.

Due  to  the  legal  opinion of the Company's former reorganization counsel, the
first  scheduled  annual  $0.1  million  notes payable payments were not made as
originally  scheduled,  and,  as of the date of this filing, have not been made.
The  second  scheduled  annual  $0.1 million notes payable payments have not yet
been  made  (see Note 3 below).  These payments are due primarily to the current
majority  stockholder.

(3)  FIVE-YEAR  DEBT  OBLIGATION.

As  a  result of the Debenture debt forgiveness, unsecured, non-interest-bearing
debt  obligations  aggregating  $609,000  (undiscounted) were received by former
Debenture  holders who elected Option A under the Plan.  For financial statement
presentation, this debt has been discounted based on an imputed interest rate of
6%;  thus,  these  obligations  have  been recorded at their discounted value of
approximately  $511,000  (plus  approximately  $67,000  in  amortization  of the
discount  to  date  at  September  30,  2001).

These  obligations  are  payable in five equal annual payments of $121,800.  The
first  annual  payment  was  originally scheduled for March 5, 2000; however, on
advice  of  former  reorganization  counsel,  the  first  payment  was  not made
according  to  that original schedule.  The second annual payment, scheduled for
March  5,  2001,  was  also  not  made  according to the original schedule.  The
payments  are  due  primarily  to  the  majority stockholder.  The Company's new
directors  are  presently researching the Company's options for resolution.  The
Company's  former  reorganization  counsel  indicated  that  a  payment  of this
magnitude  to  controlling  stockholders  while  the  Company was in the present
financial condition would be inappropriate, and that the Company's obligation to
its  landlord  took precedence.  If the Company were to liquidate, any such debt
repayment  would  likely  be  the subject of an adversary proceeding against the
recipient  stockholders.

(4)  OFFICE  LEASE.

In  February  1999,  the Company assumed a lease from International Thoroughbred
Breeders,  Inc.  ("ITB"), pursuant to a legal settlement involving the return of
substantial  funds  to  the  Company.  This lease covers the office space at 600
Central  SW  in  Albuquerque, where the Company has had its offices since August
1997.  The  Company  renegotiated  this  lease  in  January  2001.  The  lease
terminates on December 31, 2003, with payments of $7,000 per month for the first
year,  increasing  to  $12,325 per month for the second year.  Each April 1, the
lease  payments  may  be adjusted according to any changes in the Consumer Price
Index.  At  September 30, 2001, the remaining obligation under the lease totaled
approximately  $317,000.  The lease grants two options to extend the term of the
lease  for five years each.  Effective February 1, 2001, the Company subleased a
portion  of  its  space  on  a  month-to-month basis to Prinova, the controlling
stockholder  of  the Company.  The amount of rental income earned by the Company
for  the  six  months  ended  September  30,  2001  was  $19,500.


                                        8
<PAGE>
                      AUTOLEND GROUP, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)

(5)  RELATED  PARTY  TRANSACTIONS.

Beginning  in  April 2001 and through August 2001, the Company purchased several
fractional  assignments of interests held by Prinova Investments, LTD in certain
contracts  between  Prinova  Investments, LTD and two other unrelated companies.
During  the six months ended September 30, 2001, the Company acquired a total of
four  assignments  of  interest  from  Prinova  Investments,  LTD for a total of
$65,000,  of  which  by  September  30, 2001 the Company had received the entire
balance  of  $65,000  of  its  investment  plus a profit of $6,500.  The Company
regards  the  purchase  of these fractional interest rights as an opportunistic,
prudent  use  of  Company  funds  during  a  time  in  which it does not have an
established  business.  The income from this activity is being reported as other
investment  income.  In  addition,  and  as  stated above, effective February 1,
2001,  the  Company  subleased  a  portion  of its office space to the Company's
majority  stockholder,  Prinova.

(6)  CONTINGENT  RIGHTS  -  EL  RANCHO  PROPERTY.

According to a Form 8-K filed with the SEC by ITB on June 7, 2000, the former El
Rancho  Hotel  property  in  Las Vegas, Nevada, was sold by ITB on May 22, 2000.
The Company had earlier received certain indirect contingent rights in the event
this  ITB  property  sold  above  a  certain  threshold  amount,  under  certain
conditions.  The Company's rights thereunder, if any, may be up to $2.0 million.
ITB's Form 10-K, filed approximately October 13, 2000, stated that "no payments
are dueas a result of the transaction."  The Company is presently investigating
its  legal  options  and  what  actions may be necessary in order to realize any
potential  benefit  that  may  be due from this sale.  Realization of any rights
that may exist with regard to this transaction would probably be costly, and may
be  beyond  the  Company's  means  to  attain.

(7)  EMPLOYEES.

As  of  September  30, 2001, the Company and its subsidiaries had two employees.

(8)  AVAILABLE  LOSS  CARRYFORWARDS.

In  the  past,  the  Company accumulated unused operating loss carryforwards and
capital  loss carryforwards.  Due to the uncertainty of the Company's ability to
utilize  these  tax benefits, their financial benefits have not been recognized.
The  requirements  to  utilize  such  loss  carryforwards  are  strict,  and the
possibilities  for  usage  are  extremely limited.  In the case of a substantial
change  in  ownership,  these  tax  benefits  can be reduced, if not eliminated.

(9)  CONTINGENCIES.

On  December  20, 2000, Jeffrey Ovington resigned his position as Executive Vice
President  and  as  an  employee  of  the  Company.  Mr.  Ovington  voluntarily
relinquished  his  claim  to  his  contractual severance pay contingent upon the
future  status  of  the  Company.


                                        9
<PAGE>
                      AUTOLEND GROUP, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)

(10)     DISCONTINUED  OPERATIONS.

On  April 1, 2000, the Company adopted a plan to sell the consumer used-car loan
portfolio  business.  The  assets  of  the loan portfolio consisted primarily of
approximately  3,900  car  loans, which were more than six months in arrears and
had  been written off.  The Company sold the portfolio to a third party on April
4,  2001  for  $95,000,  resulting in net income from discontinued operations of
$94,700.  The sale resulted in a small increase in net equity to the Company, an
immediate  increase  in  the Company's total cash on hand, and a decrease in the
Company's  subsequent  monthly  cash  inflows.  The  Consolidated  Statements of
Operations  for  the  six-month  periods  ended September 30, 2001 and 2000 have
excluded  the  revenues and expenses of the discontinued loan portfolio from the
captions  applicable  to  the continuing operations, and the net income from the
discontinued  operation  has  been  reported  separately.



                                       10
<PAGE>
                      AUTOLEND GROUP, INC. AND SUBSIDIARIES
    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
                                   OPERATIONS



ITEM  2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF FINANCIAL CONDITION AND
RESULTS  OF  OPERATIONS.

  General

     The  financial  results described in this Form 10-Q are as of September 30,
     2001.


     The  Company maintained a residual portfolio of sub-prime consumer used-car
     loans.  On April 1, 2000, the Company adopted a plan to sell this portfolio
     and  has accounted for the loan portfolio as a discontinued operation since
     this  date.  On  April 4, 2001, the loan portfolio was sold to an unrelated
     third party for $95,000. The Company also maintains a residual portfolio of
     life  insurance  policies  purchased  from  persons  with  life-threatening
     illnesses,  a business generically referred to as viatical settlements (the
     Policies). Policies were no longer purchased after September 1994. For over
     three  years,  the  Company's activities have concentrated on resolving its
     (now-concluded)  bankruptcy.  Additionally,  the  Company  has  worked  to
     complete  its  Registration  Statement (as required by the Plan), which was
     made  effective  by  the  SEC  in  January  2000.

     Beginning  in  April  2001  and through September 30, 2001, the Company has
     purchased  several  fractional  assignments  of  interests  held by Prinova
     Investments,  LTD in certain contracts between Prinova Investments, LTD and
     two  other  unrelated  companies. During the six months ended September 30,
     2001,  the  Company  acquired  a total of four assignments of interest from
     Prinova  Investments, LTD for a total of $65,000, of which by September 30,
     2001  the  Company  had  received  the  entire  balance  of  $65,000 of its
     investment  plus  a  profit  of $6,500. The Company regards the purchase of
     these  fractional  interest  rights  as  an  opportunistic,  prudent use of
     Company  funds  during  a  time  in  which  it does not have an established
     business.  The  income  from  this  activity  is  being  reported  as other
     investment  income.


  Results  of Operations: Six-month periods ended September 30, 2001 and 2000

     The Company recorded an operating loss of $123,000 for the six-month period
     ended  September  30, 2001 consisting primarily of professional fees, rent,
     and  salaries.  This  loss  was largely offset by the sale of the sub-prime
     consumer used-car loan portfolio, resulting in net income from discontinued
     operations  of  $94,700.

     General  and  administrative  expenses  were $123,000 during the six months
     ended  September  30,  2001,  as compared to $551,000 during the six months
     ended  September  30,  2000. The decrease of approximately $428,000 was due
     primarily  to  decreases  in salaries, professional fees, New Mexico Gaming
     license  expense,  and  insurance expenses. Additionally, in the six months
     ended  September  30,  2000,  there  was a non-cash loss on the termination
     agreement  with  Nunzio.  P.  DeSantis,  the  Company's  former  CEO,  of


                                       11
<PAGE>
                     AUTOLEND GROUP, INC. AND SUBSIDIARIES
    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
                                   OPERATIONS


     approximately  $117,000  which  was primarily due to the cancellation of an
     outstanding  receivable due under the adversary settlement which was offset
     in  the  termination  agreement  with a cancellation of DeSantis' claim for
     reimbursement  of  legal  expenses.  No  such event occurred during the six
     months  ended  September  30,  2001

     The  impact  of  non-operating items for the six months ended September 30,
     2001  was  a net $16,000 in income, compared to a net non-operating loss of
     $10,000  for  the  six  months  ended  September  30,  2000. The $16,000 in
     non-operating  income for the present period was primarily due to $7,000 in
     investment  income,  and  $19,000  in  rental  income,  partially offset by
     $10,000  in  amortization  of  the  imputed discount on the five-year notes
     payable  obligations  outstanding.  The  $10,000 non-operating loss for the
     same  period  last  year  was  primarily  due to interest income of $5,000,
     offset  by  the amortization of the imputed discount on the five-year notes
     payable  obligations  outstanding  of  $15,000.

     The  net  effect of the foregoing was a net loss of $12,000, or ($0.01) per
     share,  for  the  six months ended September 30, 2001. The net loss for the
     same  period  last year was $653,000, or ($0.60) per share. The $12,000 net
     loss  in  the current period was primarily due to the sale of the sub-prime
     consumer  used-car  loan  portfolio,  resulting in income from discontinued
     operations  of  approximately $95,000, rental income of $19,000, investment
     income  of  $7,000, offset by the amortization of the discount on the notes
     payable  obligations  of $10,000 and general and administrative expenses of
     $123,000, consisting primarily of professional fees, rent and salaries. The
     $653,000  net  loss  for  the prior period was primarily due to $551,000 in
     general  and  administrative  expenses,  $118,000  loss  on the termination
     agreement  with  a  former  officer  and  $10,000  in  net  other expenses,
     partially  offset by income from discontinued operations of $26,000. Losses
     per  share  for  the  period ended September 30, 2001 were calculated based
     upon  the  weighted  average  number of common and common equivalent shares
     issued  and outstanding, and issuable of 1,095,303 shares. Losses per share
     for  the six months ended September 30, 2000 were calculated based upon the
     weighted  average  number of common and common equivalent shares issued and
     outstanding,  and  issuable  of  1,094,566.


  Results of Operations:  Three-month periods ended September 30, 2001 and 2000

     The Company recorded a net loss of $41,000 for the three-month period ended
     September  30,  2001.  The  loss  was primarily due to operating losses and
     negligible  revenue.

     General  and  administrative  expenses were $49,000 during the three months
     ended  September  30, 2001, as compared to $178,000 during the three months
     ended  September  30,  2000.  The  decrease  of  approximately $129,000 was
     primarily  due  to decreases in legal and professional fees, administrative
     costs,  and salaries. Additionally, in the three months ended September 30,
     2000,  there  was  a  non-cash  loss  on the termination agreement with the
     Company's  former  CEO  of  approximately  $118,000, as compared to no such
     event  during  the  three  months  ended  September  30,  2001.

     Total  operating losses for the three months ended September 30, 2001, were
     approximately  $49,000,  compared  to  operating  losses  of  approximately
     $295,000  for  the  three  months  ended  September  30, 2000. The $246,000
     reduction  in  operating losses was primarily due to a decrease of $128,000
     in legal and professional fees, administrative costs, and salaries, and the
     $118,000  loss  on  the  termination  agreement.


                                       12
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                     AUTOLEND GROUP, INC. AND SUBSIDIARIES
    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
                                   OPERATIONS



     The  impact of non-operating items for the three months ended September 30,
     2001  was a net income of $8,000 as compared to a net non-operating loss of
     $6,000  for  the  three  months  ended  September  30, 2000. The $8,000 net
     non-operating  income for the present period was primarily due to $5,000 in
     amortization  of  the  imputed  discount  on the five-year debt obligations
     outstanding, which was offset by $3,000 of investment income and $10,000 of
     rental  income. The $6,000 non-operating loss for the same period last year
     was primarily due to the $8,000 amortization of the imputed discount on the
     five-year  debt  obligations  outstanding, and slightly offset by $1,000 in
     interest  income.

     The  Company  did  not generate income from discontinued operations for the
     three  month  period  ended  September  30,  2001 as compared to $21,000 of
     income  for  the  same  period  a  year  ago.

     The  net  effect  of all of the foregoing was a loss of $41,000, or ($0.03)
     per  share  for the three months ended September 30, 2001. The net loss for
     the  same  period last year was $280,000, or ($0.25) per share. The $41,000
     loss  in  the current period was due to an operating loss of $49,000 offset
     by  $8,000  of non-operating income. The $280,000 loss for the three months
     ended  September  30,  2000  was  due  to an operating loss of $295,000 and
     $6,000  in net other expenses, partially offset by income from discontinued
     operations  of $21,000. Losses per share for the period ended September 30,
     2001  and  2000  were  calculated based upon the weighted average number of
     common  and common equivalent shares issued and outstanding and issuable of
     1,095,303.


  Liquidity  and  Capital  Resources

     Cash  flow  from operations was a negative $98,000 for the six months ended
     September  30,  2001,  which  was  primarily  due to payment of general and
     administrative  expenses.  This  compares to cash flow from operations of a
     negative  $369,000  for  the  six  months  ended  September  30,  2000.

     The Company's future depends upon the near-term infusion of capital, and/or
     the  infusion  of a positive-cash-flow business. At September 30, 2001, the
     Company  had  net  cash of approximately $10,000, and a negative net equity
     (i.e.,  a  deficit)  of  $588,000.  This  deficit  excludes  the  impact of
     remaining  amounts due pursuant to the Albuquerque office lease obligation,
     which  totaled  approximately  $317,000  at  September  30,  2001.

     Without either an infusion of capital, negotiation of debt relief, purchase
     of  a  going  concern, and/or the sale or realization of assets for cash at
     greater  than  net  book value, the Company will have difficulty in meeting
     its  obligations.  The  Company believes that it presently has insufficient
     cash  necessary  to meet its daily operating requirements without regard to
     its  notes  payable  obligations,  through the fiscal year ending March 31,
     2002.  It  now  appears  that  due  to  reductions  in  fixed  overhead and
     personnel,  the  Company  may survive into the third quarter of this fiscal
     year.  The  Company  will run out of cash before it can secure new capital,
     negotiate  debt  relief,  or  take  other  appropriate  steps  toward
     profitability,  and likely will require some form of interim financing or a
     short  term  loan.


                                       13
<PAGE>
                     AUTOLEND GROUP, INC. AND SUBSIDIARIES
    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
                                   OPERATIONS



     The  Company's  portfolio  of unmatured viatical insurance policies totaled
     five at September 30, 2001, having a combined face value of $366,000, and a
     net book value of $52,000. The Company generally ceased purchasing policies
     in  September  1994.  Future  revenues  from  the  policy portfolio will be
     irregular,  if  any.  Some  of  these  policies  may  be  sellable.

     For  the  six  months  ended  September  30,  2001, $95,000 was provided by
     investing  activities  consisting  of proceeds of $95,000 received from the
     sale  of  the  installment  loan portfolio to an unrelated third party. The
     Company also entered into various agreements with Prinova Investments, LTD,
     a  subsidiary  of  Prinova  Capital  Group,  Inc.,  to  purchase fractional
     interests  in  certain  contracts  Prinova  Investments, LTD has with third
     parties.  The  Company  entered  into  the  contracts disbursing $65,000 to
     Prinova Investments, LTD during the six months ended September 30, 2001. At
     the  end  of the contract period $65,000 was returned to the Company with a
     ten  percent  profit  on its investment of $6,500. For the six months ended
     September 30, 2000, cash used by investing activities was $29,000 which was
     primarily  the  result  of  the receipt of funds related to the termination
     agreement  of  Nunzio  P.  DeSantis  the  Company's  former  CEO.

     There  was no significant cash provided or used by financing activities for
     the six months ended September 30, 2001. For the six months ended September
     30,  2000,  $80,000  in  cash was provided by financing activities from the
     issuance  of  stock.

     In  total,  the  Company decreased its cash by $3,000 during the six months
     ended  September  30, 2001, to a total of $10,000. The decrease was largely
     due  to  cash  used  in  operations  offset  by  cash provided by investing
     activities  during  the current period. In comparison, there was a $260,000
     decrease  in cash during the six months ended September 30, 2000, primarily
     due  to  cash  used  in  operating  activities  offset  by cash provided by
     financing  activities.

ITEM  3.  QUANTITATIVE  AND  QUALITATIVE  DISCLOSURES  ABOUT  MARKET  RISK.

         Not  applicable.


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<PAGE>
                      AUTOLEND GROUP, INC. AND SUBSIDIARIES


                           PART II - OTHER INFORMATION


ITEM  1.  LEGAL  PROCEEDINGS.

SEC  Investigation.  In numerous previous filings the Company has disclosed that
------------------
in  February  1999  the United States Securities and Exchange Commission ("SEC")
began  to  investigate  certain  activities  of  the  Company with respect to an
exchange  offer  made  in  September  1996.  On  January  8,  2001,  the Company
submitted an offer of settlement to the SEC, which offer was accepted.  On April
19,  2001  the  SEC  imposed  a Cease and Desist Order (the "Order") against the
Company  requiring  it  to  cease  and  desist  from  committing  or causing any
violation and any future violation of Sections 10(b), 13(a), 13(e), and 14(e) of
the  Securities  Exchange  Act of 1934 and Rules 10b-5, 13a-1, 13a-13, 13e-4(j),
and  14e-5  thereunder,  but  imposed  no  monetary or other penalty against the
Company.  With  the  imposition  of the Order, the SEC investigation ended, and,
apart  from  its continuing obligations under the Order, the Company regards the
matter  concluded.

AutoLend  Group,  Inc. vs. Vincent Villanueva.  In numerous previous filings the
---------------------------------------------
Company  disclosed  that  following  the  conclusion  of  its bankruptcy case in
January  2000,  a  former director, Mr. Vincent Villanueva, filed for payment of
his  legal fees (estimated between $7,000 and $15,000) stemming from his defense
of  an  adversary  action  initiated  by  the  Company as part of the bankruptcy
proceeding.  Following  motion  practice,  the  Bankruptcy  Court  ruled  in the
Company's  favor  on  April  26,  2001  regarding  the  Villanueva  claim  for
reimbursement  of  legal expenses, and the Company regards the matter concluded.

New  Mexico Gaming Lawsuit.  On April 24, 2001 the State of New Mexico filed and
--------------------------
on  May  16, 2001 the Company was served a summons and complaint for monies owed
in  the amount of $31,286.  The Company allegedly incurred these expenses during
its  attempt to enter the New Mexico gaming industry, which attempt subsequently
failed.  The  lawsuit  was filed in the Second District Court and assigned civil
docket number 2001-02861.  On June 18, 2001 an attorney entered an appearance on
behalf  of  the  Company.



ITEM  2.  CHANGES  IN  SECURITIES  AND  USE  OF  PROCEEDS.

          None.

ITEM  3.  DEFAULTS  UPON  SENIOR  SECURITIES.

          Not  applicable.

ITEM  4.  SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS.

          None.


                                       15
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                      AUTOLEND GROUP, INC. AND SUBSIDIARIES



ITEM  5.  OTHER  INFORMATION.

          The  Company's  present  stock  ticker  symbol is "ALEN," which trades
Over-The-Counter  on  the  "Pink  Sheets."
          The  Company  is not affiliated with the website www.autolend.com, nor
is  the  Company  affiliated  with  the Miami-based business, AutoLend IAP.

ITEM  6.  EXHIBITS  AND  REPORTS  ON  FORM  8-K.

          None.



                                       16
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                                   SIGNATURES

Pursuant  to  the  Securities  Exchange Act of 1934, the Company has caused this
report  to  be  signed  on  its behalf by the following duly authorized persons.

                                          AUTOLEND  GROUP,  INC.
                                          (Registrant)


SIGNATURE                        TITLE                        DATE
------------------               ---------------              -----------------

/s/John  D.  Emery               Acting President             November 14, 2001
------------------
John  D. Emery


                                       17
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