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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950144-97-007013.txt : 19970618
<SEC-HEADER>0000950144-97-007013.hdr.sgml : 19970618
ACCESSION NUMBER:		0000950144-97-007013
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19960924
FILED AS OF DATE:		19970617
SROS:			NONE

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INTERUNION FINANCIAL CORP
		CENTRAL INDEX KEY:			0000924805
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS BUSINESS CREDIT INSTITUTION [6159]
		IRS NUMBER:				870520294
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-28638
		FILM NUMBER:		97625038

	BUSINESS ADDRESS:	
		STREET 1:		249 ROYAL PALM WAY
		STREET 2:		STE 301H
		CITY:			PALM BEACH
		STATE:			FL
		ZIP:			33480
		BUSINESS PHONE:		4078200084

	MAIL ADDRESS:	
		STREET 1:		249 ROYAL PALM WAY
		STREET 2:		STE 301H
		CITY:			PALM BEACHF
		STATE:			FL
		ZIP:			33480
<REPORTING-OWNER>

COMPANY DATA:	
	COMPANY CONFORMED NAME:			RIF CAPITAL INC
	CENTRAL INDEX KEY:			0001041069
	STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
<RELATIONSHIP>OWNER
	STATE OF INCORPORATION:			C8
	FISCAL YEAR END:			1231

FILING VALUES:
	FORM TYPE:		3

BUSINESS ADDRESS:	
	STREET 1:		PRICE WATERHOUSE CENTRE COLLYMORE ROCK
	STREET 2:		P O BOX 634C
	CITY:			ST MICHAEL
	STATE:			C8
	ZIP:			00000
	BUSINESS PHONE:		4169550777

MAIL ADDRESS:	
	STREET 1:		PRICE WATERHOUSE CENTRE COLLYMORE ROCK
	STREET 2:		P O BOX 634C
	CITY:			ST MICHAEL
	STATE:			C8
	ZIP:			00000
</REPORTING-OWNER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<DESCRIPTION>INTERUNION/RIF CAPITAL FORM 3
<TEXT>

<PAGE>   1

- --------                                                                       
 FORM 3                                                                        
- --------                                                                       
                                                                               

                    U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC 20549

            INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f)
                     of the Investment Company Act of 1940


<TABLE>
<S>                                        <C>                           <C>                                 <C>                 
- ------------------------------------------------------------------------------------------------------------------------------------
 1. Name and Address of Reporting Person*  2. Date of Event Requiring    4. Issuer Name and Ticker or        6. If Amendment, Date 
    RIF Capital Inc.                          Statement                     Trading Symbol                      of Original
  ----------------------------------------      (Month/Day/Year)        InterUnion Financial Corporation (IUFC) (Month/Day/Year)
     (Last)     (First)     (Middle)             09/24/96                -------------------------------------  
   PO Box 634C Collymore Rock              ----------------------------  5. Relationship of Reporting        -----------------------
   Price Waterhouse Centre                 3. IRS or Social Security          Person to Issuer               7. Individual or Joint/
- ----------------------------------------      Number of Reporting           (Check all applicable)              Group Filing (Check
              (Street)                        Person (Voluntary)               Director     x    10% Owner      applicable line)
  St. Michael     Barbados  WI                                           -----            -----                x    Form filed by
- ----------------------------------------   ----------------------------        Officer           Other       -----  One Reporting
      (City)      (State)      (Zip)                                     ----- (give      -----  (specify           Person
                                                                               title below)      below)             Form filed by
                                                                                                             -----  More than One
                                                                         ----------------------------------         Reporting Person
- ------------------------------------------------------------------------------------------------------------------------------------
                                      TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
- ------------------------------------------------------------------------------------------------------------------------------------
 1. Title of Security                         2. Amount of Securities         3. Ownership Form:         4. Nature of Indirect     
    (Instr. 4)                                   Beneficially Owned              Direct (D) or              Beneficial    
                                                 (Instr. 4)                      Indirect (I)               Ownership (Instr. 4)
                                                                                 (Instr. 5)                 
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock                                       516,233                            D
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*If the form is filed by more than one Reporting Person, see Instruction 5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.                   (Over)
                                                                               (Print or Type Responses)                      (8/96)
</TABLE>
                 
<PAGE>   2
 
<TABLE>
<CAPTION>
 
FORM 3 (CONTINUED)               TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
                            (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
 
<S>                              <C>                <C>                            <C>           <C>         <C>        
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative Security  2. Date            3. Title and Amount of         4. Conver-    5. Owner-   6. Nature of Indirect
   (Instr. 4)                       Exercisable and    Securities Underlying          sion or       ship        Beneficial Ownership
                                    Expiration Date    Derivative Security            Exercise      Form of     (Instr. 5)          
                                    (Month/Day/        (Instr. 4)                     Price of      Deriv-                         
                                    Year)                                             Deri-         ative                          
                                                                                      vative        Security:                      
                                                                                      Security                                     
                                 -------------------------------------------------                  Direct                         
                                 Date      Expira-                       Amount or                  (D) or                         
                                 Exercis-  tion             Title        Number                     Indirect (I)                   
                                 able      Date                          of Shares                  (Instr. 5)                     
                                                                                                                                   
- ------------------------------------------------------------------------------------------------------------------------------------

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Explanation of Responses:
                                                                                                                       10/01/96
**Intentional misstatements or omissions of facts constitute Federal Criminal   -------------------------------   ------------------
  Violations.  See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).                        **Signature of Reporting Person          Date
                                                                                James Knott
                                                                                On Behalf of RIF Capital Inc.


Note: File three copies of this form, one of which must be manually signed.                                                Page 2
  If space provided is insufficient, See Instruction 6 for procedure.                                                      (8/96)
                                                                                                                                 
                                                     (Print or Type Responses)
</TABLE>
 
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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