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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001045742-99-000034.txt : 19990917
<SEC-HEADER>0001045742-99-000034.hdr.sgml : 19990917
ACCESSION NUMBER:		0001045742-99-000034
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19990930
ITEM INFORMATION:		
FILED AS OF DATE:		19990916

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RIGL CORP
		CENTRAL INDEX KEY:			0001045742
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
		IRS NUMBER:				850206668
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		
		SEC FILE NUMBER:	000-24217
		FILM NUMBER:		99712455

	BUSINESS ADDRESS:	
		STREET 1:		4840 EAST JASMINE STREET
		STREET 2:		SUITE 105
		CITY:			MESA
		STATE:			AZ
		ZIP:			85020
		BUSINESS PHONE:		6029061924

	MAIL ADDRESS:	
		STREET 1:		4840 EAST JASMINE STREET
		STREET 2:		SUITE 105
		CITY:			MESA
		STATE:			AZ
		ZIP:			85020

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RENAISSANCE INTERNATIONAL GROUP LTD
		DATE OF NAME CHANGE:	19980115
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<TEXT>



                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549

                                    FORM 8-K

                                 CURRENT REPORT

                          PURSUANT TO SECTION 13 OR 15(d)
                      OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report: September 16, 1999
(Date of Earliest Event Reported: September 7, 1999)

                                RIGL CORPORATION
_____________________________________________________________________________
             (Exact name of registrant as specified in its charter)

          Nevada                               0-24217               85-0206668
     _______________             ______________           _____________
(State or other jurisdiction  (Commission File No.)  (IRS Employer I.D. No.)
     of incorporation)

4840 East Jasmine Street, Suite 105, Mesa, Arizona             85020
_____________________________________________________________________________
     (Address of principal executive offices)               (Zip Code)


     Registrant's telephone number, including area code:   (480) 654-9646

_____________________________________________________________________________
         (Former name or former address, if changed since last report.)

          Item 2.   Acquisition or Disposition of Assets.

     RIGL Corporation announced on September 7, 1999 that it and its wholly
ownedsubsidiary, Telco Billing, Inc. executed documentation finalizing
a $3,000,000.00 credit facility from California-based lender Fremont
Financial Corporation.  The credit facility is secured by Telco's
Accounts Receivables and other assets.
<PAGE>

     RIGL President, Kevin L. Jones, stated that "this credit facility
will be used to expand the Yellow Page.Net customer base, upgrade
the website and implement a marketing and public relations campaign
for the Corporation, its products and services."

     Except for the historical information contained herein, the
matters set forth in this document are forward-looking statements
within the meaning of the "safe harbor" provisions of The Private
Securities Litigation Reform Act of 1995.  These forward
looking statements are subject to risk and uncertainties that may
cause actual results to differ materially.  These forward-looking
statements speak only as of the date hereof, and the company
disclaims any intent or obligation to update these
forward-looking statements.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereto duly authorized.

September 16, 1999

RIGL CORPORATION


By ___/s/ Kevin L. Jones___
   Kevin L. Jones
   As President and
   Chief Operations Officer


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