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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950148-97-002319.txt : 19970912
<SEC-HEADER>0000950148-97-002319.hdr.sgml : 19970912
ACCESSION NUMBER:		0000950148-97-002319
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19970827
ITEM INFORMATION:		
ITEM INFORMATION:		
FILED AS OF DATE:		19970908
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ADAMS JOHN LIFE CORP
		CENTRAL INDEX KEY:			0000773727
		STANDARD INDUSTRIAL CLASSIFICATION:	LIFE INSURANCE [6311]
		IRS NUMBER:				954081667
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		
		SEC FILE NUMBER:	000-13969
		FILM NUMBER:		97676722

	BUSINESS ADDRESS:	
		STREET 1:		11845 W OLYMPIC BLVD STE 905
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90064
		BUSINESS PHONE:		310-444-52

	MAIL ADDRESS:	
		STREET 1:		11845W OLYMPIC BOULEVARD
		STREET 2:		SUITE 905
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90064
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<DESCRIPTION>FORM 8-K
<TEXT>

<PAGE>   1

                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                               -----------------


                                    FORM 8-K

                                 CURRENT REPORT

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


                               -----------------


       Date of Report (Date of earliest event reported): August 27, 1997


                               -----------------


                          JOHN ADAMS LIFE CORPORATION

             (Exact name of registrant as specified in its charter)

 
         California                  0-13969                 95-4081667
   -----------------------      -----------------       --------------------    
      (State or other              (Commission            (I.R.S. Employer
      jurisdiction of              File Number)          Identification No.)
      incorporation)


11845 W. Olympic Blvd., Suite 905, Los Angeles, California     90064
- -----------------------------------------------------------------------
         (Address of principal executive offices)            (zip code)


Registrant's telephone number, including area code:  (310) 444-5252


                               -----------------


                                       1

<PAGE>   2

Item 1.  Changes in Control of Registrant.
         ---------------------------------

        (a) On August 27, 1997, Benjamin A. DeMotto, as Trustee for The
Benjamin A. DeMotto and Patricia L. DeMotto Living Trust dated July 17, 1997,
purchased 175,000 shares (6.1%) of the common stock of John Adams Life
Corporation (the "Company") for $109,375 from Patrick W. Hopper. The source of
the consideration used by Mr. DeMotto was his personal funds; no part of this
consideration was from a loan. Mr. DeMotto is the Chairman of the Board, Chief
Executive Officer, Director and President of the Company.

        Prior to the purchase described above, Mr. DeMotto owned 1,380,000
shares (48.17%) of the Company's common stock and options, which are currently
exercisable, to purchase 150,000 shares of the Company's common stock. Mr.
DeMotto now owns 1,555,000 shares (54.3%) of the Company's common stock;
including his exercisable stock options (150,000), Mr. DeMotto is the
beneficial owner of 1,705,000 shares (56.6%) of the Company's common stock.

        (b) There are no arrangements between Mr. DeMotto and the above listed
former shareholder with respect to the election of or the resignation of
directors. 

Item 5.  Other Events.
         -------------

        On August 31, 1997, Nicholas A. Del Sesto resigned as a director and as
the Executive Vice President of John Adams Life Corporation (the "Company"). 
Mr. Del Sesto also resigned as a director and as the President of Firingline
Corporation, the Company's wholly-owned subsidiary.

        L.E. Chenault resigned as a director of the Company on September 2,
1997.


                                   SIGNATURE

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 hereunto duly authorized.


                                          JOHN ADAMS LIFE CORPORATION


Date:  September 5, 1997                  Benjamin A. DeMotto
                                          -----------------------------
                                          Benjamin A. DeMotto
                                          President and
                                          Chief Executive Officer



                                       2
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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