EXHIBIT 14

                                 CODE OF ETHICS

In my role as Chief Executive Officer of Olympic Cascade  Financial  Corporation
(the  "Company"),  I certify to you that I adhere to and advocate the  following
principles and responsibilities governing my business and ethical conduct:

To the best of my knowledge and ability:

         1.       I act with honesty and integrity,  avoiding actual or apparent
                  conflicts of interest in personal and business relationships.

         2.       I provide  constituents  with  information  that is  accurate,
                  complete,  objective,  relevant,  timely  and  understandable,
                  which I understand  the Company files with, or submits to, the
                  Securities  and  Exchange   Commission  and  in  other  public
                  communications made by the Company.

         3.       I comply with rules and  regulations  of federal,  state,  and
                  local  governments  and other  appropriate  private and public
                  regulatory agencies.

         4.       I act with good faith, responsibly,  with due care, competence
                  and  diligence  without  misrepresenting   material  facts  or
                  allowing my independent judgment to be subordinated.

         5.       I respect the  confidentiality of information  acquired in the
                  course of my work except for  disclosure  when  authorized  or
                  otherwise   legally   obligated  to   disclose.   Confidential
                  information  acquired in the course of my work is not used for
                  personal advantage.

         6.       I share knowledge and maintain  skills  important and relevant
                  to my constituents needs.

         7.       I proactively  promote ethical behavior as a responsible party
                  among peers in my work environment.

         8.       I achieve  responsible  use of and control over all assets and
                  resources employed or entrusted to me.

         9.       I am accountable for adherence to this code of ethics.


                                                         /s/ Mark Goldwasser
                                                         -----------------------
                                                         Mark Goldwasser
                                                         Chief Executive Officer
                                                         December 29, 2003


<PAGE>

                                 CODE OF ETHICS

In my role as Acting  Chief  Financial  Officer  of  Olympic  Cascade  Financial
Corporation (the "Company"),  I certify to you that I adhere to and advocate the
following  principles  and  responsibilities  governing  my business and ethical
conduct:

To the best of my knowledge and ability:

         1.       I act with honesty and integrity,  avoiding actual or apparent
                  conflicts of interest in personal and business relationships.

         2.       I provide  constituents  with  information  that is  accurate,
                  complete,  objective,  relevant,  timely  and  understandable,
                  which I understand  the Company files with, or submits to, the
                  Securities  and  Exchange   Commission  and  in  other  public
                  communications made by the Company.

         3.       I comply with rules and  regulations  of federal,  state,  and
                  local  governments  and other  appropriate  private and public
                  regulatory agencies.

         4.       I act with good faith, responsibly,  with due care, competence
                  and  diligence  without  misrepresenting   material  facts  or
                  allowing my independent judgment to be subordinated.

         5.       I respect the  confidentiality of information  acquired in the
                  course of my work except for  disclosure  when  authorized  or
                  otherwise   legally   obligated  to   disclose.   Confidential
                  information  acquired in the course of my work is not used for
                  personal advantage.

         6.       I share knowledge and maintain  skills  important and relevant
                  to my constituents needs.

         7.       I proactively  promote ethical behavior as a responsible party
                  among peers in my work environment.

         8.       I achieve  responsible  use of and control over all assets and
                  resources employed or entrusted to me.

         10.      I am accountable for adherence to this code of ethics.


                                                  /s/ Robert H. Daskal
                                                  ------------------------------
                                                  Robert H. Daskal
                                                  Acting Chief Financial Officer
                                                  December 29, 2003