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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 DECEMBER 31, 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  February  18,  2001.

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<PAGE>
<TABLE>
<CAPTION>
                         AUTOLEND GROUP, INC. AND SUBSIDIARIES

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

<S>                                                                                  <C>
Item 1.  Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . .   3

    Consolidated Balance Sheets as of December 31, 2001 and March 31, 2001. . . . .   3

    Consolidated Statements of Operation for the three-month and nine-month periods
      ended December 31, 2001 and 2000. . . . . . . . . . . . . . . . . . . . . . .   4

    Consolidated Statement of Changes in Stockholders' Equity/(Deficit) for the
      nine-month period ended December 31, 2001 . . . . . . . . . . . . . . . . . .   5

    Consolidated Statements of Cash Flow for the nine-month periods
      ended December 31, 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. . . . . . . . . . . . . . . . . . . . . . . . . . . . .  15
Item 6.  Exhibits and Reports on Form 8-K . . . . . . . . . . . . . . . . . . . . .  15

SIGNATURES. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  16
</TABLE>


                          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>
<TABLE>
<CAPTION>
                                  AUTOLEND GROUP, INC. AND SUBSIDIARIES
                                     PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS.

                                       CONSOLIDATED BALANCE SHEETS


                                                                             December 31,    March 31,
                                                                                 2001           2001
                                                                            --------------  ------------
                                                                             (unaudited)     (audited)
<S>                                                                         <C>             <C>
ASSETS:
        Cash                                                                $       2,742   $    12,912
        Prepaid expenses                                                                -           151
        Prepaid franchise tax                                                       4,788         4,788
                                                                            --------------  ------------

               TOTAL CURRENT ASSETS                                                 7,530        17,851

        Deposits                                                                   10,000        10,000
        Purchased insurance policies at estimated market value; face
             value of $366,044 at December 31, 2001 and March 31, 2001             52,037        52,037
        Fixed assets, less accumulated depreciation of $31,501 at
             December 31, 2001, and $24,376 at March 31, 2001                      24,690        31,815
                                                                            --------------  ------------
TOTAL ASSETS                                                                $      94,257   $   111,703
                                                                            ==============  ============

LIABILITIES:
        Accounts payable - other                                            $      29,154   $    17,364
        Accrued contingent payroll                                                 33,225        33,225
        Accrued contingent liabilities                                             37,642        68,930
        Note payable to related party                                              21,445
        Current portion of notes payable to stockholders                          287,949       287,949
        Accrued amortization - notes payable to stockholders                       72,447        57,432
                                                                            --------------  ------------
              TOTAL CURRENT LIABILITIES                                           481,862       464,900

        Long-term portion of notes payable to stockholders                        222,784       222,784
                                                                            --------------  ------------
TOTAL LIABILITIES                                                                 704,646       687,684

STOCKHOLDERS' EQUITY/(DEFICIT):
   Preferred stock, $.002 par value.  Authorized 5,000,000 shares.  No                  -             -
      shares issued or outstanding at December 31, 2001 or March 31, 2001
   Common stock, $.002 par value.  Authorized 40,000,000 shares.
            Issued and outstanding 1,092,053 shares at December 31, 2001
                   and March 31, 2001                                               2,184         2,184
            Issuable 3,250 shares at December 31, 2001 and March 31, 2001               6             6
   Additional paid-in capital                                                     675,068       675,068
   Accumulated deficit                                                         (1,287,647)   (1,253,239)
                                                                            --------------  ------------
             TOTAL STOCKHOLDERS' EQUITY/(DEFICIT)                                (610,389)     (575,981)
                                                                            --------------  ------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)                        $      94,257   $   111,703
                                                                            ==============  ============
</TABLE>

          See accompanying notes to consolidated financial statements.


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

                                                              THREE-MONTH PERIODS        NINE-MONTH PERIODS
                                                                ENDED DECEMBER 31,       ENDED DECEMBER 31,
                                                            ------------------------  ------------------------
                                                               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                         $  (52,246)  $ (177,146)  $ (175,295)  $ (728,533)
Loss on termination agreement with former officer                    -            -            -     (117,500)
                                                            -----------  -----------  -----------  -----------
    OPERATING LOSS                                          $  (52,246)  $ (177,146)  $ (175,295)  $ (846,033)
                                                            -----------  -----------  -----------  -----------
Other income/(expense):
   Interest income                                          $       14   $      665   $      319   $    5,523
   Investment income                                                 -            -        6,500            -
   Gain on ITB Settlement                                       10,000       10,000
   Gain on State Assessment Settlement                          21,286       21,286
   Rental income                                                13,000            -       32,500            -
   Notes payable, discount amortization                         (5,004)      (3,703)     (15,013)     (19,450)
   Other income                                                    595           60          595          813
                                                            -----------  -----------  -----------  -----------
    TOTAL NET OTHER INCOME/(EXPENSE)                        $   29,891   $    7,022   $   46,187   $   (3,114)
                                                            -----------  -----------  -----------  -----------
Net loss from continuing operations                         $  (22,355)  $ (170,124)  $ (129,108)  $ (849,147)
   Income from discontinued operations                               -       15,567       94,700       41,981
                                                            -----------  -----------  -----------  -----------
NET LOSS                                                    $  (22,355)  $ (154,557)  $  (34,408)  $ (807,166)
                                                            ===========  ===========  ===========  ===========
PER SHARE:
----------
  Operating loss                                            $    (0.05)  $    (0.16)  $    (0.16)  $    (0.77)
  Total net other income/(expense)                                0.03         0.01         0.04        (0.00)
                                                            -----------  -----------  -----------  -----------
Net loss from continuing operations                         $    (0.02)  $    (0.15)  $    (0.12)  $    (0.77)
   Income from discontinued operations                               -         0.01         0.09         0.03
                                                            -----------  -----------  -----------  -----------
Net loss                                                    $    (0.02)  $    (0.14)  $    (0.03)  $    (0.74)
                                                            ===========  ===========  ===========  ===========

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        6,009
                                                            -----------  -----------  -----------  -----------
Total weighted average  number of common and common
   equivalent shares issued and outstanding, and issuable    1,095,303    1,095,303    1,095,303    1,094,812
                                                            ===========  ===========  ===========  ===========
</TABLE>

          See accompanying notes to consolidated financial statements.


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


                              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 nine months
    ended December 31, 2001        -        -          -        -         -      (34,408)    (34,408)
                              ------  -------  ---------  -------  --------  ------------  ----------

BALANCE AT DECEMBER 31, 2001       -  $     -  1,095,303  $ 2,190  $675,068  $(1,287,647)  $(610,389)
                              ------  -------  ---------  -------  --------  ------------  ----------
</TABLE>

          See accompanying notes to consolidated financial statements.


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

                                                                      NINE-MONTH PERIODS ENDED
                                                                            DECEMBER 31,
                                                                       ----------------------
                                                                          2001        2000
                                                                       ----------  ----------
<S>                                                                    <C>         <C>
Cash flow from operating activities:
   NET LOSS                                                            $ (34,408)  $(807,166)
   Adjustments to reconcile net income/(loss) to net cash flow
         from operating activities:
      Depreciation expense                                                 7,125       7,979
      Amortization of debt discount                                       15,013      19,450
      Gain on sale of installment loan portfolio                         (95,000)          -
      Loss on termination agreement with former officer                        -     117,500
      Gain on sale of fixed asset                                              -        (853)

   Changes in assets and liabilities:
      (Increase) decrease in assets:
         Other receivables                                                     -      38,749
         Deposits                                                                    (10,000)
         Receivable from former officer                                        -      27,500
         Prepaid expenses                                                    151      21,061
         Installment contracts receivable (loans) and loss recovery            -      33,109
         Purchased insurance policies                                          -        (203)
      Increase (decrease) in liabilities:
         Accounts payable - trade, and accrued liabilities                11,790      53,258
         Note receivable - related party                                  21,445
         Other liabilities - contingent                                  (31,286)    100,799
                                                                       ----------  ----------

         CASH USED BY OPERATING ACTIVITIES                             $(105,170)  $(398,817)
                                                                       ----------  ----------
Cash flow from investing activities:
             Net proceeds from the sale of installment loan portfolio  $  95,000   $       -
             Proceeds from sale of fixed asset                                 -       1,594
             Purchase of fixed assets                                          -      (1,279)
             Purchase of investments                                     (65,000)          -
             Proceeds received from investments                           65,000           -
                                                                       ----------  ----------
         CASH PROVIDED BY INVESTING ACTIVITIES                         $  95,000   $     315
                                                                       ----------  ----------
Cash flow from financing activities:
          Proceeds received from stock issuance                        $       -   $  80,303
                                                                       ----------  ----------
         CASH PROVIDED BY FINANCING ACTIVITIES                         $       -   $  80,303
                                                                       ----------  ----------
NET DECREASE IN CASH                                                   $ (10,170)  $(318,199)
Cash at beginning of period                                               12,912     373,184
                                                                       ----------  ----------
CASH AT END OF PERIOD                                                  $   2,742   $  54,985
                                                                       ==========  ==========
</TABLE>


NON-CASH  INVESTING  AND  FINANCING  ACTIVITIES.

There  were  no  non-cash  investing or financing activities for the nine months
ended  December  31,  2001.  During the nine months ended December 31, 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 nine months ended December 31,
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 December 31, 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 nine
months  ended  December  31, 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 December 31, 2001, the Company had net cash of $2,000, and had a negative net
equity  (i.e.,  a deficit) of $640,000, which excludes the financial effect of a
remaining  lease  obligation due pursuant to the Albuquerque office lease terms,
which totaled approximately $317,000 at December 31, 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 fourth 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  $77,000  in  amortization  of the
discount  to  date  at  December  31,  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  December  31, 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  December  31,  2001  was  $32,500.


                                        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 nine months ended December 31, 2001, the Company acquired a total of
four  assignments  of  interest  from  Prinova  Investments,  LTD for a total of
$65,000,  of  which  by  December  31,  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.
In  November 2001 the Company entered into a debt arrangement with Prinova for a
total of $50,000 that may be drawn on an as needed basis.  The terms of the note
include interest at 12% and payment on or before December 31, 2002.  The note is
secured  by  the  first  proceeds  from  the  potential  sale  of  the  viatical
settlements  and  the  property  and  equipment  of  the  Company.

(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 December 31, 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  nine-month  periods  ended December 31, 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 December 31,
     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 December 31, 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 nine months ended December 31,
     2001,  the  Company  acquired  a total of four assignments of interest from
     Prinova  Investments,  LTD for a total of $65,000, of which by December 31,
     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: Nine-month periods ended December 31, 2001 and 2000

     The  Company  recorded  an  operating  loss  of $175,000 for the nine-month
     period  ended  December 31, 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 $175,000 during the nine months
     ended  December  31,  2001,  as compared to $728,000 during the nine months
     ended  December  31,  2000.  The decrease of approximately $553,000 was due
     primarily  to  decreases  in salaries, professional fees, New Mexico Gaming
     license  expense,  and insurance expenses. Additionally, in the nine months
     ended  December  31,  2000,  there  was  a non-cash loss on the termination
     agreement  with  Nunzio.  P.  DeSantis,  the  Company's  former  CEO,  of
     approximately  $117,000  which  was primarily due to the cancellation of an
     outstanding  receivable due under the adversary settlement which was offset


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


     in  the  termination  agreement  with a cancellation of DeSantis' claim for
     reimbursement  of  legal  expenses.  No such event occurred during the nine
     months  ended  December  31,  2001

     The  impact  of  non-operating items for the nine months ended December 31,
     2001  was  a net $46,000 in income, compared to a net non-operating loss of
     $3,000  for  the  nine  months  ended  December  31,  2000.  The $46,000 in
     non-operating  income for the present period was primarily due to $7,000 in
     investment  income, $21,000 of gain on the State Assessment Settlement, and
     $32,000  in  rental  income, partially offset by $15,000 in amortization of
     the  imputed  discount  on  the  five-year  notes  payable  obligations
     outstanding.  The  $3,000  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  $19,000.

     The  net  effect of the foregoing was a net loss of $34,000, or ($0.03) per
     share,  for  the  nine months ended December 31, 2001. The net loss for the
     same  period  last year was $807,000, or ($0.74) per share. The $34,000 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 $32,000, $21,000 of
     gain  on  the  State  Assessment  Settlement,  investment income of $7,000,
     offset by the amortization of the discount on the notes payable obligations
     of  $13,000 and general and administrative expenses of $185,000, consisting
     primarily  of  professional  fees, rent and salaries. The $807,000 net loss
     for  the  prior  period  was  primarily  due  to  $728,000  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 $42,000. Losses per share for the
     period  ended  December  31,  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
     nine months ended December 31, 2000 were calculated based upon the weighted
     average  number  of  common  and  common  equivalent  shares  issued  and
     outstanding,  and  issuable  of  1,094,812.


  Results of Operations: Three-month periods ended December 31, 2001 and 2000

     The Company recorded a net loss of $22,000 for the three-month period ended
     December  31,  2001.  The  loss  was  primarily due to operating losses and
     negligible  revenue.

     General  and  administrative  expenses were $52,000 during the three months
     ended  December  31,  2001, as compared to $177,000 during the three months
     ended  December  31,  2000.  The  decrease  of  approximately  $125,000 was
     primarily  due  to decreases in legal and professional fees, administrative
     costs,  and  salaries.

     Total  operating  losses for the three months ended December 31, 2001, were
     approximately  $22,000,  compared  to  operating  losses  of  approximately
     $154,000  for  the  three  months  ended  December  31,  2000. The $132,000
     reduction  in  operating losses was primarily due to a decrease of $115,000
     in  legal  and  professional  fees,  administrative  costs,  and  salaries.


                                       12
<PAGE>
                      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 December 31,
     2001  was a net income of $30,000 as compared to a net non-operating income
     of  $7,000  for  the  three months ended December 31, 2000. The $30,000 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 $13,000 of rental income and $21,000 of
     gain  on  the  State Assessment Settlement. The $7,000 non-operating income
     for  the same period last year was primarily due to the $3,000 amortization
     of  the imputed discount on the five-year debt obligations outstanding, and
     slightly  offset by $1,000 in interest income and $10,000 gain from the ITB
     Settlement.

     The  Company  did  not generate income from discontinued operations for the
     three month period ended December 31, 2001 as compared to $15,000 of income
     for  the  same  period  a  year  ago.

     The  net  effect  of all of the foregoing was a loss of $22,000, or ($0.02)
     per  share  for  the three months ended December 31, 2001. The net loss for
     the  same  period last year was $154,000, or ($0.14) per share. The $22,000
     loss  in  the current period was due to an operating loss of $52,000 offset
     by  $30,000 of non-operating income. The $154,000 loss for the three months
     ended December 31, 2000 was due to an operating loss of $177,000, partially
     offset  by income from discontinued operations of $15,000. Losses per share
     for  the period ended December 31, 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 $105,000 for the nine months ended
     December  31,  2001,  which  was  primarily  due  to payment of general and
     administrative  expenses.  This  compares to cash flow from operations of a
     negative  $398,000  for  the  nine  months  ended  December  31,  2000.

     The Company's future depends upon the near-term infusion of capital, and/or
     the  infusion  of  a positive-cash-flow business. At December 31, 2001, the
     Company  had  net  cash  of approximately $3,000, and a negative net equity
     (i.e.,  a  deficit)  of  $610,000.  This  deficit  excludes  the  impact of
     remaining  amounts due pursuant to the Albuquerque office lease obligation,
     which  totaled  approximately  $299,000  at  December  31,  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 fourth 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 December 31, 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  nine  months  ended  December  31,  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,  LLC,  to purchase 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 nine months ended December 31, 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. By contrast, there were no
     significant  investing  activities  for  the  comparable  nine-month period
     ending December 31, 2000. For the nine months ended December 31, 2000, cash
     used by investing activities was $300 which was primarily the result of the
     receipt  of  funds  related  to  the  sale  of  fixed  assets.

     There  was no significant cash provided or used by financing activities for
     the nine months ended December 31, 2001. For the nine months ended December
     31,  2000,  $80,000  in  cash was provided by financing activities from the
     issuance  of  stock.

     In  total, the Company decreased its cash by $10,000 during the nine months
     ended December 31, 2001, to a total of $3,000. 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 $318,000 decrease in
     cash  during the nine months ended December 31, 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.


                                       14
<PAGE>
                      AUTOLEND GROUP, INC. AND SUBSIDIARIES

                           PART II - OTHER INFORMATION

ITEM 1.  LEGAL  PROCEEDINGS.

New  Mexico  Gaming  Lawsuit.  On May 16, 2001, the Company was served a summons
----------------------------
for  monies  owed  to  the  New Mexico Gaming Control Board for reimbursement of
$31,286  in  expenses  associated with the Company's failed attempt to enter the
gaming industry ("New Mexico Gaming Lawsuit").  The Company was required to file
an  Answer  to  the  Complaint  or  a responsive motion within 30 days after the
summons  was  served,  with the Clerk of the Second Judicial District, County of
Bernalillo,  State  of  New  Mexico.


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.

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


                                       15
<PAGE>
                      AUTOLEND GROUP, INC. AND SUBSIDIARIES


                                   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/ Luther  Reynolds            President                   February 18, 2002
-----------------------
    Luther  Reynolds


                                       16
<PAGE>