SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    Form 8-K

               Current Report Pursuant to Section 13 or 15(d) of
                           The Securities Act of 1934




        Date of Report (Date of earliest event reported) March 14, 2000

                         Allstate Financial Corporation
             (Exact name of registrant as specified in its charter)



        Virginia                        0-17832                 54-1208450
       (State or other                  (Commission           (I.R.S. Employer
        jurisdiction                    File Number)         Identification No.)
        or incorporation)



2700 South Quincy Street; Arlington, Virginia                        22206
(Address of principal executive offices)                           (Zip Code)


Registrant's telephone number, including area code    (703) 931-2274








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Item 4. Changes in Registrant's Certifying Accountant

Pursuant to the  recommendation  of the Audit  Committee and the approval of the
Board of Directors of Allstate  Financial  Corporation,  McGladrey & Pullen, LLP
has been engaged as our independent auditors, effective March 14, 2000.

Allstate  Financial  Corporation has never engaged or received any services from
McGladrey & Pullen, LLP prior to this date.

Form 8-K filed May 17, 1999 is hereby incorporated by reference.


Item 7. Financial Information, Pro Forma Financial Information and Exhibits.

(a) Financial Statements of Businesses Acquired.
Not applicable

(b) Pro Forma Financial Information.
Not applicable.

(c) 16.1 Exhibits
Not applicable

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.

Dated:  March 14, 2000          ALLSTATE FINANCIAL CORPORATION



                                       By: /s/ Charles G. Johnson
                                           ------------------------------
                                           Charles G. Johnson
                                           President and Chief Executive Officer