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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 M1fJF7UkeN4usP2MXaP/p5L1hwQIqD8kStc6tGHOrXTNzrtxmKfwFp8pMM9CWlrp
 FE2TjB5jsjpsaJJZvB+zAg==

<SEC-DOCUMENT>0000950116-04-002509.txt : 20040816
<SEC-HEADER>0000950116-04-002509.hdr.sgml : 20040816
<ACCEPTANCE-DATETIME>20040816181036
ACCESSION NUMBER:		0000950116-04-002509
CONFORMED SUBMISSION TYPE:	5
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040630
FILED AS OF DATE:		20040816

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN BUSINESS FINANCIAL SERVICES INC /DE/
		CENTRAL INDEX KEY:			0000772349
		STANDARD INDUSTRIAL CLASSIFICATION:	MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162]
		IRS NUMBER:				870418807
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	BUSINESS ADDRESS:	
		STREET 1:		THE WANAMAKER BLDG
		STREET 2:		100 PENN SQUARE EAST
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19107
		BUSINESS PHONE:		2159404000

	MAIL ADDRESS:	
		STREET 1:		THE WANAMAKER BLDG
		STREET 2:		100 PENN SQUARE EAST
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19107

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GERIACO INTERNATIONAL INC /DE/
		DATE OF NAME CHANGE:	19930308

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KINGSWAY ENTERPRISES INC
		DATE OF NAME CHANGE:	19860327

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SANTILLI BEVERLY
		CENTRAL INDEX KEY:			0001279554

	FILING VALUES:
		FORM TYPE:		5
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14268
		FILM NUMBER:		04980264

	BUSINESS ADDRESS:	
		STREET 1:		THE WANAMAKER BLDG
		STREET 2:		100 PENN SQUARE EAST 8TH FL
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19107
		BUSINESS PHONE:		2159404000

	MAIL ADDRESS:	
		STREET 1:		THE WANAMAKER BLDG
		STREET 2:		100 PENN SQUARE EAST 8TH FL
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19107
</SEC-HEADER>
<DOCUMENT>
<TYPE>5
<SEQUENCE>1
<FILENAME>p400438_ex.xml
<DESCRIPTION>5
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>5</documentType>

    <periodOfReport>2004-06-30</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <form3HoldingsReported>0</form3HoldingsReported>

    <form4TransactionsReported>0</form4TransactionsReported>

    <issuer>
        <issuerCik>0000772349</issuerCik>
        <issuerName>AMERICAN BUSINESS FINANCIAL SERVICES INC /DE/</issuerName>
        <issuerTradingSymbol>ABFI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001279554</rptOwnerCik>
            <rptOwnerName>SANTILLI BEVERLY</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>THE WANAMAKER BUILDING</rptOwnerStreet1>
            <rptOwnerStreet2>100 PENN SQUARE EAST</rptOwnerStreet2>
            <rptOwnerCity>PHILADELPHIA</rptOwnerCity>
            <rptOwnerState>PA</rptOwnerState>
            <rptOwnerZipCode>19107</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>First Executive Vice President</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2004-06-08</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>5</transactionFormType>
                <transactionCode>G</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>50000</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1152251</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3172</value>
                    <footnoteId id="F4"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By 401(k) Plan.</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>18639</value>
                    <footnoteId id="F5"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Trust for Son.</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Gifted from shares held jointly with husband Anthony J. Santilli, Jr. The same transaction is reported on Anthony J.
Santilli, Jr.'s (husband) Form 5 of the same date.</footnote>
        <footnote id="F2">Shares held jointly with husband Anthony J. Santilli, Jr. and reported on his Form 5 of the same date.</footnote>
        <footnote id="F3">Includes 109,295 shares received from a 10% stock dividend declared on May 13, 2004 payable to all shareholders of record of common stock as of May 25, 2004.</footnote>
        <footnote id="F4">Shares deemed to be held in the Company's 401(k) Plan are as of the Plan Statement dated June 30, 2004 (adjusted for the 10% stock dividend described in footnote 3 above). Includes 1,807 shares of common stock deemed to be held by Mr. Santilli
through the Company's 401(k) Plan.</footnote>
        <footnote id="F5">Represents shares of common stock, adjusted to include 1,694 shares of common stock received as a result of the 10% stock
dividend described in footnote 3 above, held in a trust of which Mr. and Mrs. Santilli are trustees for the benefit of their
minor son.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Beverly Santilli</signatureName>
        <signatureDate>2004-08-16</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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