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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 p5wtnRYb50fZmixkNJa2Og==

<SEC-DOCUMENT>0001047469-98-034823.txt : 19980918
<SEC-HEADER>0001047469-98-034823.hdr.sgml : 19980918
ACCESSION NUMBER:		0001047469-98-034823
CONFORMED SUBMISSION TYPE:	N-54A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19980917
SROS:			NASD

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PEACOCK FINANCIAL CORP
		CENTRAL INDEX KEY:			0000748268
		STANDARD INDUSTRIAL CLASSIFICATION:	PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844]
		IRS NUMBER:				870410039
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		N-54A
		SEC ACT:		
		SEC FILE NUMBER:	814-00175
		FILM NUMBER:		98710918

	BUSINESS ADDRESS:	
		STREET 1:		248 E MAIN STREET
		CITY:			SAN JACINTO
		STATE:			CA
		ZIP:			92583
		BUSINESS PHONE:		9099256469

	MAIL ADDRESS:	
		STREET 1:		248 E MAIN STREET
		CITY:			SAN JACINTO
		STATE:			CA
		ZIP:			92583

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CONNECTIVITY & TECHNOLOGIES INC
		DATE OF NAME CHANGE:	19960315
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-54A
<SEQUENCE>1
<DESCRIPTION>N-54A
<TEXT>

<PAGE>
                                       
                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC  20549

                                    FORM N-54A

             NOTIFICATION OF ELECTION TO BE SUBJECT TO SECTIONS 55 THROUGH 65
                          OF THE INVESTMENT COMPANY ACT OF 1940
                         FILED PURSUANT TO SECTION 54(a) OF THE ACT

The undersigned business development company hereby notifies the Securities 
and Exchange Commission that it elects, pursuant to the provisions of section 
54(a) of the Investment Company Act of 1940 (the "Act"), to be subject to the 
provisions of sections 55 through 65 of the Act and, in connection with such 
notification of election, submits the following information:

Names:                                           PEACOCK FINANCIAL CORPORATION

Address and Principal Business Office:           248 EAST MAIN STREET
                                                 SAN JACINTO, CA  92583

Telephone Number:                                (909) 487-8911

Name & address of agent for service of process:  Eric B. Rasmussen, Esq. 
                                                 4400 MacArthur Blvd,
                                                 Suite 700
                                                 Newport Beach, Ca  92660


The Company has filed a registration statement for class of equity securities 
pursuant to section 12 of the Securities Exchange Act of 1934.  Give the file 
number of registration statement or, if the file is unknown or has not yet 
been assigned, give the date on which the registration statement was filed:  
2-91651-D.

The undersigned company certifies that it is a closed-end company organized 
under the laws of Colorado and which its principal place of business is in 
California; that it will be operated for the purpose of making investments in 
securities described in section 2(48)(a) (1) through (3) of the Investment 
Company Act of 1940; and that it will make available significant managerial 
assistance with respect to issuers of securities to the extent required by 
the Act.

Pursuant to the requirements of the Act, the Undersigned Company has caused 
this notification of election to be subject to sections 55 through 65 of the 
Investment Company act of 1940 to be duly signed on its behalf in the city of 
Las Vegas, the state of Nevada on the 15th day of September, 1998.

                       SIGNATURE     PEACOCK FINANCIAL CORPORATION


                                BY /s/ STEVEN R. PEACOCK


Attest  /s/ Bruce Merati
        ------------------------
        Secretary
        ------------------------
        Title

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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