SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, D.C.

                                    FORM 10-Q

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




For Quarter Ended March 31, 2001            Commission File Number: 0-9341
--------------------------------            ------------------------------




                     SECURITY NATIONAL FINANCIAL CORPORATION
                            Exact Name of Registrant.




           UTAH                                         87-0345941
       -------------                                 -----------------
(State or other jurisdiction                       IRS Identification Number
of incorporation or organization)



5300 South 360 West, Salt Lake City, Utah                  84123
-----------------------------------------                 ------
(Address of principal executive offices)                (Zip Code)




Registrant's telephone number, including Area Code     (801) 264-1060
                                                       --------------




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  XX         NO
                                  ----


Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.



Class A Common Stock, $2.00 par value                 3,874,566
-------------------------------------       ---------------------------------
         Title of Class                     Number of Shares Outstanding as of
                                                    March 31, 2001


Class C Common Stock, $.20 par value                  5,762,729
------------------------------------       ----------------------------------
         Title of Class                    Number of Shares Outstanding as of
                                                    March 31, 2001


<PAGE>



            SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES
                                    FORM 10Q

                          QUARTER ENDED MARCH 31, 2001

                                TABLE OF CONTENTS


                         PART I - FINANCIAL INFORMATION



Item 1 Financial Statements                                  Page No.
------                                                       --------

         Consolidated Statement of Earnings - Three months
         ended March 31, 2001 and 2000 (unaudited)..............3

         Consolidated Balance Sheet - March 31, 2001 (unaudited)
         and December 31, 2000 .................................4-5

         Consolidated Statement of Cash Flows -
         Three months ended March 31, 2001 and 2000
         (unaudited)............................................6

         Notes to Consolidated Financial Statements.............7-10


Item 2      Management's Discussion and Analysis...............10-13
------

Item 3      Quantitative and Qualitative Disclosure of
            Market Risk........................................13
------

                           PART II - OTHER INFORMATION

            Other Information..................................13-15

            Signature Page.....................................16

                                        2

<PAGE>



                     SECURITY NATIONAL FINANCIAL CORPORATION
                                AND SUBSIDIARIES
                       CONSOLIDATED STATEMENT OF EARNINGS
                                   (Unaudited)

                                                    Three Months Ended March 31,
Revenues:                                             2001              2000
--------                                             ----               ----
Insurance premiums and
   other considerations                            $3,481,137        $3,393,774
Net investment income                               3,149,358         2,803,749
Net mortuary and cemetery sales                     3,008,129         2,695,021
Realized gains on investments
   and other assets                                     4,097            32,725
Mortgage fee income                                 8,620,708         4,641,211
Other                                                  31,324            52,486
                                                 ------------      ------------
   Total revenues                                  18,294,753        13,618,966

Benefits and expenses:
---------------------
Death benefits                                      1,548,294         1,190,036
Surrenders and other policy benefits                  296,599           594,076
Increase in future policy benefits                  1,251,159         1,347,708
Amortization of deferred policy
   acquisition costs and cost of
   insurance acquired                               1,077,737         1,121,029
General and administrative expenses:
   Commissions                                      6,537,199         3,770,448
   Salaries                                         2,036,660         1,939,850
   Other                                            3,037,154         2,231,696
Interest expense                                      707,553           332,838
Cost of goods and services sold
  of the mortuaries and cemeteries                  1,091,752           846,209
                                                 ------------      ------------
   Total benefits and expenses                     17,584,107        13,373,890

Earnings before income taxes                          710,646           245,076
Income tax expense                                   (190,156)          (59,062)
Minority interest (income)
   loss of subsidiary                                   8,503           (18,808)
                                                 ------------      ------------

      Net earnings                                   $528,993          $167,206
                                                 ============      ============

Net earnings per common share                           $0.12             $0.04
                                                 ============      ============
   Weighted average outstanding
      common shares                                 4,450,839         4,308,119

Net earnings per common
   share-assuming dilution                              $0.12             $0.04
                                                 ============      ============

   Weighted average outstanding
      common shares assuming-dilution               4,451,094         4,308,119

See accompanying notes to consolidated financial statements.

                                        3

<PAGE>



                     SECURITY NATIONAL FINANCIAL CORPORATION
                                AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEET



                                              March 31, 2001       December 31,
                                               (Unaudited)           2000
                                             --------------        -----------
Assets:
Insurance-related investments:
Fixed maturity securities held
   to maturity, at amortized cost                $35,292,741        $39,384,168
Fixed maturity securities available
   for sale, at market                            24,051,839         23,504,989
Equity securities available for sale,
   at market                                       2,622,442          2,774,077
Mortgage loans on real estate                     17,983,278         17,435,178
Real estate, net of accumulated
   depreciation                                    8,493,676          8,564,395
Policy, student and other loans                   11,337,195         11,277,742
Short-term investments                               208,153          1,027,927
                                               -------------      -------------
      Total insurance-related
         investments                              99,989,324        103,968,476
Restricted assets
   of cemeteries and mortuaries                    4,943,491          4,841,819
Cash                                               3,427,260         11,275,030
Receivables:
   Trade contracts                                 6,770,134          5,342,380
   Mortgage loans sold to investors               40,601,271         26,886,162
   Receivable from agents                          2,187,148          2,225,784
   Receivable from officers                          109,700            111,500
   Other                                           3,677,042          3,503,320
                                               -------------      -------------
      Total receivables                           53,345,295         38,069,146
   Allowance for doubtful accounts                (1,689,342)        (1,656,223)
                                               -------------      -------------
   Net receivables                                51,655,953         36,412,923
Policyholder accounts on deposit
   with reinsurer                                  7,401,986          7,434,750
Land and improvements held for sale                8,413,228          8,485,523
Accrued investment income                          1,444,714          1,302,552
Deferred policy acquisition costs                 12,163,923         12,043,527
Property, plant and equipment, net                10,676,491         10,824,700
Cost of insurance acquired                         8,523,224          8,729,264
Excess of cost over net assets
   of acquired subsidiaries                        1,145,206          1,172,599
Other                                                593,379            695,683
                                               -------------      -------------
      Total assets                              $210,378,179       $207,186,846
                                               =============      =============


















See accompanying notes to consolidated financial statements.

                                        4

<PAGE>



                     SECURITY NATIONAL FINANCIAL CORPORATION
                                AND SUBSIDIARIES
                     CONSOLIDATED BALANCE SHEET (Continued)


                                               March 31, 2001      December 31,
                                                (Unaudited)          2000
                                              --------------      -----------
Liabilities:
------------
Future life, annuity, and other
   policy benefits                               $139,853,424     $140,000,344
Unearned premium reserve                            1,634,018        1,754,980
Line of credit for financing
 line of mortgage loans                             2,000,000               --
Bank loans payable                                  9,282,453        9,805,118
Notes and contracts payable                         4,179,711        4,240,830
Estimated future costs of
   pre-need sales                                   7,436,387        7,119,544
Accounts payable                                      538,597        1,242,407
Funds held under reinsurance
   treaties                                         1,410,670        1,417,216
Other liabilities and
   accrued expenses                                 5,405,051        4,115,920
Income taxes                                        6,498,571        6,124,512
                                                -------------    -------------
      Total liabilities                           178,238,882      175,820,871

Minority interest                                   4,734,920        4,624,614

Stockholders' Equity:
--------------------
Common stock:
      Class A: $2 par value,
         authorized 10,000,000
         shares, issued 5,107,630
         shares in 2001 and 5,107,631
         shares in 2000                            10,215,260       10,215,262
      Class C: $0.20 par value,
         authorized 7,500,000 shares,
         issued 5,827,805 shares in
         2001 and 2000                              1,165,561        1,165,561
                                                -------------    -------------
Total common stock                                 11,380,821       11,380,823
Additional paid-in capital                         10,054,714       10,054,714
Accumulated other comprehensive
   income, net of deferred taxes                      970,776          836,751
Retained earnings                                   8,360,299        7,831,306
Treasury stock at cost (1,233,064
      Class A shares and 65,078
         Class C shares in 2001
         and 2000 held by affiliated
         companies)                                (3,362,233)      (3,362,233)
                                                -------------    -------------
Total stockholders' equity                         27,404,377       26,741,361
                                                -------------    -------------
   Total liabilities and
      stockholders' equity                       $210,378,179     $207,186,846
                                                =============    =============













See accompanying notes to consolidated financial statements.

                                        5

<PAGE>



                     SECURITY NATIONAL FINANCIAL CORPORATION
                                AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)



                                                  Three Months Ended March 31,
                                              2001                    2000
                                              ----                    ----
Cash flows from operating activities:
      Net cash (used in) provided
         by operating activities          $(11,925,632)             $5,440,144
                                          ------------            ------------

Cash flows from investing activities: Securities held to maturity:
      Purchase - fixed maturity securities    (402,995)            (4,798,597)
      Calls and maturities - fixed
        maturity securities                  4,509,696              1,003,108
   Securities available for sale:
      Purchases - equity securities             --                    (64,650)
      Calls and maturities - fixed
         maturity securities                     6,250              1,052,940
   Purchases of short-term investments      (6,948,226)            (1,280,889)
   Sales of short-term investments           7,768,000              2,039,185
   Purchases of restricted assets             (101,672)              (123,818)
   Mortgage, policy, and other loans made   (1,820,134)            (1,661,439)
   Payments received for mortgage,
     policy, and other loans                 1,215,028              3,064,888
   Purchases of property, plant,
     and equipment                            (106,839)              (190,342)
   Purchases of real estate                    (18,439)              (781,311)
   Disposal of property, plant
      and equipment                              --                    (3,175)
                                          ------------           ------------

         Net cash provided by (used
            in) investing activities          4,100,669            (1,744,100)
                                           ------------          ------------

Cash flows from financing activities:
   Annuity receipts                           1,739,650             2,366,519
   Annuity withdrawals                       (3,178,673)           (3,301,933)
   Repayment of bank loans and
      notes and contracts payable              (583,784)             (176,068)
   Net change in line of credit
      for financing of mortgage loans         2,000,000            (8,587,023)
   Purchase of treasury stock                     --                 (815,121)
                                           ------------          ------------
   Net cash (used in) provided by
      financing activities                      (22,807)          (10,513,626)
                                           ------------          ------------
Net change in cash                           (7,847,770)           (6,817,582)

Cash at beginning of period                  11,275,030            12,422,864
                                           ------------          ------------

Cash at end of period                       $3,427,260             $5,605,282
                                          ============           ============















See accompanying notes to consolidated financial statements.

                                        6

<PAGE>



            SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                                 March 31, 2001
                                   (Unaudited)

1.  Basis of Presentation

The accompanying  unaudited consolidated financial statements have been prepared
in  accordance  with  generally  accepted  accounting   principles  for  interim
financial  information and with the  instructions to Form 10-Q and Article 10 of
Regulation  S-X.  Accordingly,  they do not include all of the  information  and
footnotes  required by generally  accepted  accounting  principles  for complete
financial statements. In the opinion of management,  all adjustments (consisting
of normal recurring accruals)  considered necessary for a fair presentation have
been included.  Operating results for the three months ended March 31, 2001, are
not  necessarily  indicative  of the results  that may be expected  for the year
ending  December 31, 2001. For further  information,  refer to the  consolidated
financial statements and footnotes thereto for the year ended December 31, 2000,
included in the Company's Annual Report on Form 10-K (file number 0-9341).

The preparation of financial  statements in conformity  with generally  accepted
accounting principles requires management to make estimates and assumptions that
affect the amounts reported in the financial  statements and accompanying notes.
Actual results could differ from those estimates.

The estimates  susceptible to  significant  change are those used in determining
the liability for future policy  benefits and claims,  those used in determining
valuation  allowances  for  mortgage  loans on real  estate,  and those  used in
determining  the  estimated  future  costs for  pre-need  sales.  Although  some
variability  is inherent in these  estimates,  management  believes  the amounts
provided are adequate.

2.   Comprehensive Income

For the three months ended March 31, 2001 and 2000, total  comprehensive  income
amounted to $663,018 and $28,371, respectively.

3.   Capital Stock

In  accordance  with SFAS 128, the basic and diluted  earnings per share amounts
were calculated as follows:

                                              Three Months Ended March 31,
                                          2001                            2000
                                          ----                            ----
  Numerator:
      Net income                       $  528,993                  $   167,206
                                       ==========                  ===========

Denominator:
      Denominator for basic
        earnings per share--
        weighted-average shares         4,450,839                 4,308,119

      Effect of dilutive securities:
        Employee stock options                255                     --
        Stock appreciation rights           --                        --
                                      -----------                ----------

      Dilutive potential
        common shares                         255                     --
                                      -----------                ----------

      Denominator for diluted earnings
        per share-adjusted weighted-
        average shares and assumed
        conversions                      4,451,094                 4,308,119
                                       ===========               ===========

      Basic earnings per share               $0.12                     $0.04
                                             =====                     =====

      Diluted earnings per share             $0.12                     $0.04
                                             =====                     =====

There are no dilutive effects on net income for purpose of this calculation.

                                        7

<PAGE>

<TABLE>
<CAPTION>


            SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                                 March 31, 2001
                                   (Unaudited)



4.  Business Segment

                                       Life         Cemetery/                                                  Reconciling
                                     Insurance      Mortuary       Mortgage       Corporate     Items         Consolidated
                                     ---------      --------       --------       ---------     -----         ------------
<S>                               <C>               <C>             <C>          <C>          <C>           <C>
For the Three Months Ended
   March 31, 2001
   Revenues from
      external customers            $5,343,741       $3,255,402      $9,695,589          $21  $      --     $18,294,753

 Intersegment revenues               968,754               --              --        966,748   1,935,502)         --

   Segment profit                        6,488          169,840         214,541      319,777          --        710,646

   Identifiable assets             199,538,313       35,847,523       4,845,984    2,350,942  (32,204,583)  210,378,179

For the Three Months Ended
   March 31, 2000
   Revenues from external
      customers                     $5,553,505       $2,877,374      $5,188,066          $21  $     --      $13,618,966

   Intersegment revenues               696,799               --              --      962,426   (1,659,225)          --

   Segment profit                      (23,205)          64,444         (86,344)     290,181        --          245,076

   Identifiable assets             195,084,873       34,647,782       2,884,834    2,851,354  (30,101,588)  205,367,255

</TABLE>
                                        8

<PAGE>



            SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                                 March 31, 2001
                                   (Unaudited)


Item 2.  Management's Discussion and Analysis

Overview

The Company's  operations  over the last several years  generally  reflect three
trends or events which the Company expects to continue:  (i) increased attention
to "niche" insurance  products,  such as the Company's funeral plan policies and
interest  sensitive  products;  (ii) emphasis on cemetery and mortuary business;
and (iii)  capitalizing  on lower interest rates by originating  and refinancing
mortgage loans.

Results of Operations

First Quarter of 2001 Compared to First Quarter of 2000

Total revenues  increased by $4,676,000,  or 34.3%, to $18,295,000 for the three
months ended March 31, 2001,  from  $13,619,000 for the three months ended March
31,  2000.  Contributing  to this  increase in total  revenues  was a $3,980,000
increase in mortgage fee income, a $346,000 increase in net investment income, a
$313,000  increase in net mortuary and cemetery sales, and a $87,000 increase in
insurance premiums and other considerations.

Insurance premiums and other  considerations  increased by $87,000,  or 2.6%, to
$3,481,000  for the three months ended March 31, 2001,  from  $3,394,000 for the
comparable  period  in  2000.  This  increase  was  primarily  the  result  of a
additional premiums from increased sales of final expense products.

Net investment  income  increased by $346,000,  or 12.3%,  to $3,150,000 for the
three months ended March 31, 2001, from $2,804,000 for the comparable  period in
2000.  This  increase was  primarily  attributable  to a greater  number of loan
originations  during the three  months of 2001 due to lower  interest  rates and
borrowers refinancing their mortgage loans.

Net mortuary and cemetery sales  increased by $313,000,  or 11.6%, to $3,008,000
for the three months ended March 31, 2001,  from  $2,695,000  for the comparable
period in 2000. This increase was primarily due to additional  pre-need cemetery
sales.

Mortgage fee income  increased by  $3,980,000,  or 85.7%,  to $8,621,000 for the
three months ended March 31, 2001, from $4,641,000 for the comparable  period in
2000.  This  increase was  primarily  attributable  to a greater  number of loan
originations  during the three  months of 2001 due to lower  interest  rates and
borrowers refinancing their mortgage loans.

Total benefits and expenses were $17,584,000, or 96.1% of total revenues for the
three months ended March 31, 2001, as compared to $13,374,000, or 98.2% of total
revenues for the comparable period in 2000.

Death  benefits,  surrenders and other policy  benefits,  and increase in future
policy benefits decreased by an aggregate of $36,000, or 1.1%, to $3,096,000 for
the three months ended March 31, 2001, from $3,132,000 for the comparable period
in 2000.  This  decrease  was  primarily  the result of a decrease  in  interest
credited on policyholder account balances.

Amortization of deferred policy acquisition costs and cost of insurance acquired
decreased by $43,000,  or 3.9%, to  $1,078,000  for the three months ended March
31, 2001, from  $1,121,000 for the comparable  period in 2000. This decrease was
in line with actuarial assumptions.

                                        9

<PAGE>



General and  administrative  expenses  increased  by  $3,669,000,  or 46.2%,  to
$11,611,000  for the three months ended March 31, 2001,  from $7,942,000 for the
comparable period in 2000. This increase  primarily resulted from an increase in
commissions  and other  expenses due to additional  mortgage  loan  originations
having been made by the Company's mortgage subsidiary during the three months of
2001 due to lower interest rates and borrowers refinancing their mortgage loans.

Interest  expense  increased by $375,000,  or 112.6%,  to $708,000 for the three
months ended March 31, 2001,  from $333,000 for the  comparable  period in 2000.
This increase was primarily due to additional warehouse lines of credit required
for  the  additional  mortgage  loan  originations  by  the  Company's  mortgage
subsidiary.

Cost of goods and services sold of the mortuaries  and  cemeteries  increased by
$246,000,  or 29.0%,  to  $1,092,000  for the three months ended March 31, 2001,
from $846,000 for the comparable period in 2000. This increase was primarily due
to additional pre-need cemetery sales.

Liquidity and Capital Resources

The Company's life insurance subsidiaries and cemetery and mortuary subsidiaries
realize  cash flow  from  premiums,  contract  payments  and  sales on  personal
services  rendered  for  cemetery  and  mortuary  business,  from  interest  and
dividends  on  invested  assets,  and from the  proceeds  from the  maturity  of
held-to-maturity  investments,  or  sale  of  other  investments.  The  mortgage
subsidiary realizes cash flow from fees generated by originating and refinancing
mortgage loans and interest  earned on mortgages sold to investors.  The Company
considers these sources of cash flow to be adequate to fund future  policyholder
and  cemetery and mortuary  liabilities,  which  generally  are  long-term,  and
adequate to pay current policyholder claims,  annuity payments,  expenses on the
issuance of new policies,  the maintenance of existing  policies,  debt service,
and operating expenses.

The  Company  attempts  to  match  the  duration  of  invested  assets  with its
policyholder  and  cemetery  and  mortuary  liabilities.  The  Company  may sell
investments other than those  held-to-maturity  in the portfolio to help in this
timing;  however,  to date, that has not been necessary.  The Company  purchases
short-term  investments  on a  temporary  basis  to  meet  the  expectations  of
short-term  requirements  of the Company's  products.  The Company's  investment
philosophy is intended to provide a rate of return which will persist during the
expected  duration  of  policyholder  and  cemetery  and  mortuary   liabilities
regardless of future interest rate movements.

The Company's  investment  policy is to invest  predominantly  in fixed maturity
securities,  mortgage loans, and warehouse  mortgage loans on a short-term basis
before selling the loans to investors in accordance  with the  requirements  and
laws  governing  the  life  insurance  subsidiaries.  Bonds  owned  by the  life
insurance subsidiaries amounted to $59,317,000 as of March 31, 2001, compared to
$62,889,000  as of December 31, 2000.  This  represents 59% and 60% of the total
insurance-related  investments  as of March 31,  2001,  and  December  31, 2000,
respectively.  Generally, all bonds owned by the life insurance subsidiaries are
rated by the National Association of Insurance Commissioners.  Under this rating
system,  there are six categories used for rating bonds. At March 31, 2001, .41%
($407,000)  and at December 31, 2000,  .68%  ($429,000) of the  Company's  total
investment  in bonds were invested in bonds in rating  categories  three through
six, which are considered non-investment grade.

The Company has  classified  certain of its fixed income  securities,  including
high-yield  securities,  in its  portfolio  as  available  for  sale,  with  the
remainder  classified as held to maturity.  However,  in accordance with Company
policy,  any such securities  purchased in the future will be classified as held
to maturity.  Business conditions,  however, may develop in the future which may
indicate a need for a higher level of liquidity in the investment portfolio.  In
that event the  Company  believes  it could  sell  short-term  investment  grade
securities before liquidating higher-yielding longer term securities.

The Company is subject to risk based capital guidelines established by statutory
regulators  requiring  minimum  capital  levels based on the  perceived  risk of
assets,  liabilities,  disintermediation,  and business risk. At March 31, 2001,
and December 31, 2000,  the life  insurance  subsidiary  exceeded the regulatory
criteria.

                                       10

<PAGE>



The Company's total  capitalization  of  stockholders'  equity and bank debt and
notes payable was  $40,867,000  as of March 31, 2001, as compared to $40,787,000
as of December 31,  2000.  Stockholders'  equity as a percent of  capitalization
increased to 67% as of March 31, 2001, from 66% as of December 31, 2000.

Lapse  rates  measure the amount of  insurance  terminated  during a  particular
period.  The Company's lapse rate for life insurance in 2000 was 15% as compared
to a rate of 10% for 1999.  The 2001  lapse  rate is  approximately  the same as
2000.

At March 31,  2001,  $22,672,000  of the  Company's  consolidated  stockholders'
equity  represents  the statutory  stockholders'  equity of the  Company's  life
insurance subsidiaries. The life insurance subsidiaries cannot pay a dividend to
its parent company without the approval of insurance regulatory authorities.

Item 3.  Quantitative and Qualitative Disclosure of Market Risk

There have been no  significant  changes since the annual report Form 10-K filed
for the year ended December 31, 2000.

                                                Part II  Other Information:

Item 1.        Legal Proceedings

               The Company is not a party to any other legal proceedings outside
               the  ordinary  course of the  Company's  business or to any other
               legal  proceedings  which,  adversely  determined,  would  have a
               material adverse effect on the Company or its business.

Item 2.        Changes in Securities

               NONE

Item 3.        Defaults Upon Senior Securities

               NONE

Item 4.        Submission of Matters to a Vote of Security Holders

               NONE

Item 5.        Other Information

               NONE

Item 6.        Exhibits and Reports on Form 8-K

   (a)         Exhibits

     3.  A.     Articles of Restatement of Articles of Incorporation (8)
         B.     Bylaws (1)

4.   A.  Specimen  Class  A  Stock  Certificate  (1)
     B.  Specimen  Class C Stock Certificate (1)
     C.  Specimen  Preferred Stock Certificate and Certificate of
         Designation  of Preferred  Stock (1)
 10. A.  Restated and Amended  Employee Stock Ownership Plan and Trust
         Agreement  (1)
     B.  Deferred  Compensation Agreement  with  George  R.  Quist  (2)
     C.  1993  Stock  Option  Plan (3)
     D.  Promissory  Note with Key Bank of Utah (4)
     E.  Loan and  Security  Agreement with Key Bank of Utah (4)
     F.  General Pledge Agreement with Key Bank of Utah (4)
     G.  Note Secured by Purchase Price Deed of Trust and Assignment of Rents
         with the Carter Family Trust and the Leonard M. Smith Family Trust (5)
     H.  Deed of Trust and  Assignment of Rents with the Carter Family Trust
         and the Leonard M. Smith Family Trust (5)

                                       11

<PAGE>



     I. Promissory Note with Page and Patricia Greer (6)
     J. Pledge Agreement with Page and Patricia Greer (6)
     K. Promissory Note with Civil Service Employees Insurance Company (7)
     L. Deferred Compensation Agreement with William C. Sargent (8)
     M. Employment Agreement with Scott M. Quist. (8)
     N. Acquisition Agreement with Consolidare Enterprises, Inc., and certain
        shareholders of Consolidare. (9)
     O. Agreement and Plan of Merger between Consolidare Enterprises, Inc., and
        SSLIC Holding Company. (10)
     P. Administrative Services Agreement with Southern Security Life Insurance
        Company. (11)
     Q. Promissory Note with George R. Quist. (12)
     R. Settlement Agreement with Capitol Indemnity Corporation, George A.
        Fait, and Joel G. Fait. (13)
         (1)    Incorporated by reference from Registration Statement on Form
                S-1, as filed on June 29, 1987.
         (2)    Incorporated by reference from Annual Report on Form 10-K, as
                filed on March 31, 1989.
         (3)    Incorporated by reference from Annual Report on Form 10-K, as
                filed on March 31, 1994.
         (4)    Incorporated by reference from Report on Form 8-K, as filed on
                February 24, 1995.
         (5)    Incorporated by reference from Annual Report on Form 10K, as
                filed on March 31, 1995.
         (6)    Incorporated by reference from Report on Form 8-K, as filed
                on May 1, 1995.
         (7)    Incorporated by reference from Report on Form 8-K, as filed on
                January 16, 1996.
         (8)    Incorporated by reference from Annual Report on Form 10-K, as
                filed on March 31, 1998.
         (9)    Incorporated by reference from Report on Form 8-K, as filed on
                May 11, 1998.
        (10)    Incorporated by reference from Report on Form 8-K, as filed
                on January 4, 1999.
        (11)    Incorporated by reference from Report on Form 8-K, as filed on
                March 4, 1999.
        (12)    Incorporated by reference from Annual Report on Form 10-K, as
                filed on April 14, 1999.
        (13)    Incorporated by reference from Quarterly Report on Form 10-Q,
                as filed on August 21, 2000.

    (b)         Reports on Form 8-K:

                NONE


                                       12

<PAGE>


                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                                   REGISTRANT
                     SECURITY NATIONAL FINANCIAL CORPORATION
                                   Registrant



DATED: May 21, 2001                         By:    George R. Quist,
                                                   ----------------
                                                   Chairman of the Board,
                                                   President and Chief
                                                   Executive Officer
                                                   (Principal Executive Officer)


DATED: May 21, 2001                         By:    Scott M. Quist
                                                   --------------
                                                   First Vice President,
                                                   General Counsel,
                                                   Treasurer and Director
                                                   (Principal Financial
                                                   and Accounting Officer)

                                       13

<PAGE>