Nicholas Investment Company, INC.



                              Filing Type: NT 10-Q
                    Description: Notification of Late Filing
                           Filing Date: August 14, 2002
                          Period End: June 30, 2002


                              Primary Exchange: N/A
                                   Ticker: N/A


                                Table of Contents


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                                     NT 10-Q

PART 1 REGISTRANT INFORMATION............................................1
PART II..................................................................1
PART III NARRATIVE ......................................................2
PART IV OTHER INFORMATION................................................2



      NT 10-Q
          1




                             UNITED STATES
                  SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C.  20549

                              FORM 12b-25         SEC FILE NUMBERS
                                                    0-31899

                      NOTIFICATION OF LATE FILING






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

          For Period Ended:   06/30/2002
                              --------
          ( X ) Transition Report on Form 10-K
          (   ) Transition Report on Form 20-F
          (   ) Transition Report on Form 11-K
          (   ) Transition Report on Form 10-Q
          (   ) Transition Report on Form N-SAR
          For the Transition Period Ended:
                                           ------------------------
Read  Instructions (on back page) 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 Registrants:
Nicholas Investment Company Inc.





Address of Principal Executive Office (Street and Number):
2220 Otay Lake Rd., #50925
Eastlake, CA 91915


PART II - RULES 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 box if appropriate)

       (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 year end report on Form 10-Q 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 12(b)-25(c) has been attached if applicable.

PART III -- NARRATIVE

State below in reasonable detail the  reasons why the Form 10-K  could
not be filed within the prescribed time period.

An 8K was filed with the SEC.  This filing stated there was a recission with
the acquisiton Oasis Information Systems, Inc.

PART IV --OTHER INFORMATION

(1)  Name and telephone number of person to contact in regard
     to this notification:   Linda Bryson 760-291-1710

(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 registrant was
     required to file such reports) been filed?  If 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?
           YES     X   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.
- - ---------------------------------------------------------------------

                                         Nicholas Investment Company  Inc.

             (Name of Registrant as Specified in Charter)

have caused  this notification  to be signed  on their  behalf by  the
undersigned hereunto duly authorized.

                               Nicholas Investment Company Inc.
                                President

Date: August 14, 2002
                                /S/ John Kirchner
                                   (Signature)
                                By: John Kirchner
                                    President




Instruction:   The form may be  signed by an executive  officer of the
registrant or by any  other duly authorized representative.   The name
and title  of the person  signing the form  shall be typed  or printed
beneath the  signature.  If the  statement is signed on  behalf of the
registrant by  an authorized  representative (other than  an executive
officer), evidence of the representative's authority to sign on behalf
of the registrant shall be filed with the form.

                               ATTENTION

INTENTIONAL  MISTATEMENTS  OR  OMISSIONS OF  FACT  CONSTITUTE  FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).




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