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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12b-25

                                                Commission File Number  
                                                CUSIP Number: 
                                                CUSIP Number:  


                           NOTIFICATION OF LATE FILING

                   (Check One): [ X ] Form 10-K [ ] Form 11-K
                   [ ] Form 20-F [ ] Form 10-Q [ ] Form N-SAR

For Period Ended:    DECEMBER 31, 1997

[  ]  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:   ____________________________________________

         Read attached instruction sheet before preparing form. Please print or
type.

         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 Item(s) to which the notification relates:

_______________________________________________________________________________


                         PART I. REGISTRANT INFORMATION

Full name of registrant     THRIFT MANAGEMENT, INC.

Former name if applicable

Address of principal executive office    3141 W. HALLANDALE BEACH BOULEVARD

City, State and Zip Code     HALLANDALE, FLORIDA  33009






                        PART II. RULE 12b-25 (b) AND (c)

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

[ 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, semi-annual report, transition report
      on Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be filed
      on or before the 15th calendar day following the prescribed due date; or
      the subject quarterly report or transition report on Form 10-Q, or
      portion thereof will be filed on or before the fifth calendar day
      following the prescribed due date; and

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

                               PART III. NARRATIVE

         State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F,
10-Q, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period. (Attach extra sheets if needed.)

         The Registrant is experiencing an unavoidable delay in obtaining the
sign-off of its prior auditors, whose report will cover the financial statements
for the year ended December 31, 1996 to be included in the subject Form 10-KSB.

                           PART IV. OTHER INFORMATION

         (1) Name and telephone number of person to contact in regard to this
notification.


        MARC DOUGLAS                    954                985-8430
        ------------                    ---                --------
          (Name)                    (Area code)       (Telephone number)

         (2) Have all other periodic reports 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
registrants were 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 fiscal year will be
reflected by the earnings statements to be included in the subject report or
portion thereof?
                                                       [ X ]  Yes    [    ]  No

         If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.

                            THRIFT MANAGEMENT, INC.
                 (Name of registrant as specified in charter.)

Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.

Date   APRIL 1, 1998               By /s/ MARC DOUGLAS    
       -------------                  -------------------------------------
                                      Marc Douglas
                                      President and Chief Executive Officer





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Thrift Management, Inc.
Form 12b-25
Report on Form 10-KSB for the year ended December 31, 1997

Part IV - Other Information - Section 3

         For the year ended December 31, 1997, the Registrant will report
revenues of approximately $7.7 million and net income of approximately $263,000,
as compared to revenues of approximately $6.1 million and net income of $158,508
for the year ended December 31, 1996.