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                                   SIGNATURES

       Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Registrant has duly caused this 
Amendment No. 1 to Form 10-K to be signed on its behalf by the undersigned, 
thereunto duly authorized.


AMERICAN SOUTHWEST FINANCIAL CORPORATION


By:    /S/  Michael H. Feinstein
       -------------------------
       Michael H. Feinstein
       Acting President, Executive Vice President 
       and Chief Operating Officer

Date:  December 7, 1994

       Pursuant to the requirements of the Securities Exchange Act of 1934,
this Amendment No. 1 to Form 10-K has been signed below by the following 
persons on behalf of the Registrant and in the capacities and on the dates 
indicated.



/S/  Michael H. Feinstein
- -------------------------
Michael H. Feinstein
Acting President, Executive Vice President
 and Chief Operating Officer


Date:  December 7, 1994


/S/  Richard H. Hackett
- -----------------------
Richard H. Hackett
Executive Vice President, Treasurer 
and Chief Financial and Accounting Officer

Date:  December 7, 1994


A Majority of the Board of Directors:

Michael H. Feinstein
Jon A. Grove                     
J. Larry Sorsby
Alan D. Hamberlin


By:    /S/  Michael H. Feinstein
       -------------------------
       Michael H. Feinstein, For Himself and as Attorney-in-Fact


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                                 EXHIBIT INDEX


EXHIBIT NO.

27.        Financial Data Schedule