SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12b-25

                        Commission File Number 000-23321

                           NOTIFICATION OF LATE FILING

(Check One):  |_| Form 10-K    |_| Form 11-K  |_| Form 20-F    |X| Form 10-QSB
              |_| Form N-SAR
         For Period Ended:       MARCH 31, 2001

|_|  Transition Report on Form 10-K         |_|  Transition Report on Form 10-Q
|_|  Transition Report on Form 20-F         |_|  Transition Report on Form N-SAR
|_|  Transition Report on Form 11-K
     For the Transition Period Ended: _________________________________________
   READ ATTACHED INSTRUCTION SHEET BEFORE PREPARING FORM.  PLEASE PRINT OR TYPE.

     Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.

     If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates:
________________________________________________________


                                     PART I
                             REGISTRANT INFORMATION

Full name of registrant DIVERSIFIED SENIOR SERVICES, INC.
Former name if applicable
                              915 WEST FOURTH STREET
Address of principal executive office (STREET AND NUMBER)
                            WINSTON-SALEM, NC 27101
City, state and zip code

                                     PART II
                             RULE 12b-25 (b) and (c)

     If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate.)

|X|    (a)  The reasons described in reasonable detail in Part III of this form
       could not be eliminated without unreasonable effort or expense;
|X|    (b) The subject annual report, semi-annual report, transition report on
       Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be filed on
       or before the 15th calendar day following the prescribed due date; or the
       subject quarterly report or transition report on Form 10-Q, or portion
       thereof will be filed on or before the fifth calendar day following the
       prescribed due date; and
| |    (c) The accountant's statement or other exhibit required by Rule
       12b-25(c) has been attached if applicable.


                                    PART III
                                    NARRATIVE

     State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F,
10-Q, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period. (Attach extra sheets if needed.)

     Diversified Senior Services, Inc. (the "Company") was unable to file its
Form 10-QSB for the quarter ended March 31, 2001 (the "March 10-QSB") within the
prescribed time period due to unanticipated delays in the completion of its
financial statements, which delays could not be eliminated by the Company
without unreasonable effort and expense. In accordance with Rule 12b-25 of the
Securities Exchange Act of 1934, the Company will file the March 10-QSB no later
than May 21, 2001.


                                     PART IV
                                OTHER INFORMATION

     (1) Name and telephone number of person to contact in regard to this
notification.

                       G.L. Clark, Jr.               (336) 724-1000
- ------------------------------------------ ---------------------------------
                           (Name)            (Area Code)(Telephone Number)

     (2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).

                                                                 |X| Yes |_| No

     (3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?

                                                                 |_| Yes |X| No

     If so: attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.

                        DIVERSIFIED SENIOR SERVICES, INC.
                  (Name of Registrant as Specified in Charter)

Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.

Date  May 15, 2001                   By: /s/ G.L. Clark, Jr.
                                             G.L. Clark, Jr.
                                             Executive Vice President and
                                             Chief Financial Officer
                                             (authorized officer of registrant)

          Instruction. The form may be signed by an executive officer of the
     registrant or by any other duly authorized representative. The name and
     title of the person signing the form shall be typed or printed beneath the
     signature. If the statement is signed on behalf of the registrant by an
     authorized representative (other than an executive officer), evidence of
     the representative's authority to sign on behalf of the registrant shall be
     filed with the form.

                                    ATTENTION

          Intentional misstatements or omissions of fact constitute Federal
          criminal violations (see 18 U.S.C. 1001).

                              GENERAL INSTRUCTIONS

          (1) This form is required by Rule 12b-25 of the General Rules and
     Regulations under the Securities Exchange Act of 1934.

          (2) One signed original and four conformed copies of this form and
     amendments thereto must be completed and filed with the Securities and
     Exchange Commission, Washington, DC 20549, in accordance with Rule 0-3 of
     the General Rules and Regulations under the Act. The information contained
     in or filed with the form will be made a matter of the public record in the
     Commission files.

          (3) A manually signed copy of the form and amendments thereto shall be
     filed with each national securities exchange on which any class of
     securities of the registrant is registered.

          (4) Amendments to the notifications must also be filed on Form 12b-25
     but need not restate information that has been correctly furnished. The
     form shall be clearly identified as an amended notification.

          (5) Electronic Filers. This form shall not be used by electronic
     filers unable to timely file a report solely due to electronic
     difficulties. Filers unable to submit a report within the time period
     prescribed due to difficulties in electronic filing should comply with
     either Rule 201 or Rule 202 of Registration S-T or apply for an adjustment
     in filing date pursuant to Rule 13(b) of Regulation S-T.