EXHIBIT 23.2


                         Glast, Phillips & Murray, P.C.
                          815 Walker Street, Suite 1250
                              Houston, Texas 77002
                                 (713) 237-3135


March 5, 2004


U.S. Securities and Exchange Commission
Division of Corporation Finance
450 Fifth Street, N.W.
Washington, D.C. 20549

Re:  International Trust and Financial Systems, Inc. - Form S-8

Gentlemen:

     I have acted as counsel to International Trust and Financial Systems, Inc.,
a  Florida  corporation  (the  "Company"),  in  connection with its Registration
Statement  on  Form  S-8 relating to the registration of 6,000,000 shares of its
common  stock, ("Incentive Shares"), par value $0.001 per Incentive Share, which
are  issuable  pursuant  to  the Company's Employee Stock Incentive Plan for the
Year  2004,  as well as the registration of 2,000,000 shares of its common stock
("Stock  Shares"), par value $0.001 per Stock Share, which are issuable pursuant
to  the Company's Non-Employee Directors and Consultants Retainer Stock Plan for
the  Year  2004.  I hereby consent to all references to my firm included in this
Registration  Statement,  including  the  opinion  of  legality.

                                   Very truly yours,

                                   /s/  Norman T. Reynolds

                                   Norman T. Reynolds


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