<SUBMISSION>
<ACCESSION-NUMBER>0000950129-01-001942
<TYPE>N-54A
<PUBLIC-DOCUMENT-COUNT>1
<FILING-DATE>20010405
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>FINANCIAL INTRANET INC/NY
<CIK>0001077800
<ASSIGNED-SIC>4899
<IRS-NUMBER>880357272
<STATE-OF-INCORPORATION>NV
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>N-54A
<ACT>40
<FILE-NUMBER>814-00233
<FILM-NUMBER>1595707
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>90 GROVE ST
<STREET2>STE 1
<CITY>RIDGEFIELD
<STATE>CT
<ZIP>06877
<PHONE>2034318300
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>90 GROVE ST
<STREET2>STE 1
<CITY>RIDGEFIELD
<STATE>CT
<ZIP>06877
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>N-54A
<SEQUENCE>1
<FILENAME>h85855n-54a.txt
<DESCRIPTION>FINANCIAL INTRANET, INC.
<TEXT>

<PAGE>   1
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 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:

Name:  Financial Intranet, Inc.

Address of Principal Business Office: 116 Radio Circle, Mt. Kisco,
                                      New York 10459
Telephone Number (including area code): 914-277-5225


Name and address of agent for service of process: John M. Mann, c/o Mayer, Brown
& Platt, 700 Louisiana, Suite 3600, Houston, Texas 77002

Check one of the following:

[X]  The company has filed a registration statement for a class of equity
     securities pursuant to section 12 of the Securities Exchange Act of 1934.
     Give the file number of the registration statement or, if the file number
     is unknown or has not yet been assigned, give the date on which the
     registration statement was filed: FILE NO. 333-72975 filed 2/26/1999.

[ ]  The company is relying on rule 12g-2 under the Securities Exchange Act of
     1934 in lieu of filing a registration statement for a class of equity
     securities under that Act.

         The file number of the registration as an investment company pursuant
to section 8(a) of the act, if any, of the company: none .

         The file number of the registration as an investment company pursuant
to section 8(a) of the act, if any, of any subsidiary of the company: none

         The undersigned company certifies that it is a closed-end company
organized under the laws of the state of Nevada and with its principal place of
business in the state of New York; that it will be operated for the purpose of
making investments in securities described in sections 55(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 such 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 fully signed on its behalf in the city
of Mt. Kisco and state of New York on the 4th day of April, 2001.

[SEAL]                           Signature  /s/ Michael Sheppard
                                            ------------------------------------
                                                  FINANCIAL INTRANET, INC.
                                           By:
                                                  ------------------------------
                                                  Michael Sheppard
                                                  President


Attest:              /s/ Jane Waldman
         -------------------------------------------
                            (Name)

                       Asst. Secretary
         -------------------------------------------
                            (Title)

</TEXT>
</DOCUMENT>
</SUBMISSION>
