U.S. SECURITIES AND EXCHANGE COMMISSION
                              Washington, D.C. 20549

                                    FORM 12b-25


                             NOTIFICATION OF LATE FILING

[X] Form 10-KSB [ ] Form 20-F [ ] Form 11-K [ ] Form 10-QSB [ ] Form N-SAR

For the Period Ended December 31, 2002

[   ]  Transition Report on Form 10-K
[   ]  Transition Report on Form 10-Q
[   ]  Transition Report on Form 20-F
[   ]  Transition Report on Form N-SAR
[   ]  Transition Report on Form 11-K

For the Transition Period Ended:

Nothing in this Form shall be construed to imply that the Commission
has verified any information contained herein.

If the notification relates to a portion of the filing checked above,
identify the Items(s) to which the nofication relates:

Part I - Registrant Information

Full Name of Registrant:  Pre-Settlement Funding Corporation

Former Name if Applicable:

Address of Principal Executive Office (Street and Number): 927 South
Walter Reed Dr., Suite 5

City, State and Zip Code: Springfield, Virginia 22204

Part II - Rules of 12b-25 (b) and (c)

If the subject report could not be filed without reasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b),
the following should be completed.  (Check box if appropriate).

[ X ] (a) The reasons described in reasonable detail in Part III of
this form could not be eliminated without unreasonable effort or
expense:

[ X ] (b)  The subject annual report or semi-annual report,
transition report on Form 10-KSB, Form 20-F, 11-K or Form N-SAR, or
portion thereof will be filed on or before the fifteenth calendar day
following the prescribed due date; or the subject quarterly report or
transition report on Form 10-QSB, or portion thereof, will be filed
on or before the fifth calendar day following the prescribed due
date; and

[   ] (c)  The accountant's statement or other exhibit required by
Rule 12b-25 (c) has been attached (if applicable)

Part III - Narrative

The Registrant is in the process of compiling information for the
quarterly period ended December 31, 2002 for the Form 10-QSB, all of
which information has not yet been compiled.

Part IV - Other information

(1)  Name and telephone number of person to contact in regard to this
notification: James DeOlden, Esq.:  (949) 809-2118.

(2)  Have all or other periodic report required under Section 13 or
15(d) of the Securities Exchange Act of 1934 or section 30 of the
Investment Company Act of 1940 during the preceding 12 months or for
such shorter period that the registrant was required to file such
report(s) been filed?  If the answer is no, identify report(s).

[ X ] Yes [   ]  No

(3)  Is it anticipated that any significant change in results of
operations from the corresponding period for the last year will be
reflected by the earnings statement to be included in the subject
report or portion thereof?

[   ]  Yes  [ X ] No

The Registrant has caused this notification to be signed or its
behalf by the undersigned, thereunto duly authorized.

Date: March 31, 2003               Pre-Settlement Funding Corporation
                                   /s/ Joel Sens
                                   Joel Sens, Secretary, Treasurer
                                   and Director