8-K

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

                                    FORM 8-K

                Current Report Pursuant to Section 13 or 15(d) of
                           The Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): November 17, 2003
                                                  --------------------

                         CANTERBURY CONSULTING GROUP, INC.
                        ---------------------------------
             (Exact name of registrant as specified in its charter)

Pennsylvania               0-15588                               23-2170505
- ------------        -------------------        ----------------------------
(State of           (Commission File           (IRS Employer Identification
Incorporation)            Number)                          Number)



352 Stokes Road, Suite 200,  Medford, New Jersey                 08055
- -------------------------------------------------------------------------
(Address of principal executive offices)                     (Zip Code)

Registrant's Telephone Number, including area code:  (609) 953-0044
                                                   -------------------










ITEM 5. OTHER EVENTS

Canterbury Consulting Group, Inc. is in process of exiting the public
classroom portion of its information technology training business which
had been provided by its wholly owned subsidiary, CALC/Canterbury Corp.,
at two locations in New York City and two locations in New Jersey.

The registrant's Board of Directors voted to withdraw from the public
training market due to the cost of providing scheduled public classroom
training facilities as well as the cost of providing personnel to maintain
and operate these facilities, both of which were financially draining
based on current levels of demand.  As of December 1, 2003, Canterbury no
longer offered scheduled public training as it had in the past.
Canterbury is working with its customers to transition the delivery
platform from public training on a scheduled public classroom basis to
private, custom training and training on demand at the customer's facility
or at a Canterbury facility on a limited basis in New York City or New
Jersey.  In addition, the Company will continue to offer and will expand
upon its ability and marketing efforts with respect to e-learning.

Canterbury Corporate University, Inc. has been formed to market and sell
corporate and governmental training on a sub-contract basis for Canterbury
Consulting Group's wholly owned subsidiaries, CALC/Canterbury Corp.,
Usertech/Canterbury Corp. and MSI/Canterbury Corp.  Canterbury's
subsidiaries will offer e-learning solutions, private training, training
on demand and custom course development.  However, Canterbury will no
longer offer the customers of its wholly owned subsidiaries the
opportunity to send small numbers of their employees to a public training
facility for scheduled classroom training provided by CALC/Canterbury
Corp.

CALC/Canterbury Corp. has negotiated Surrender Agreements with the four
landlords involved in the closing of CALC/Canterbury's public training
facilities.  The four agreements are summarized in the following
paragraphs.  The charges of approximately $250,000 attached to the closing
of these four facilities and the charges of approximately $12,000 for the
termination of 17 employees total approximately $262,000 in expenses that
will be reflected in Canterbury's fourth fiscal quarter ending November
30, 2003.

*   On November 17, 2003, CALC/Canterbury Corp. signed a Surrender
    Agreement with Bank of Communications that called for the
    termination of the lease effective October 31, 2003 at One Exchange
    Place, New York, New York (square footage of 7,000).  As part of the
    Lease Surrender Agreement, CALC/Canterbury agreed to pay all rent and
    other approved charges due and owing the landlord as of October 22,
    2003 and that the security deposit of $42,875 be used as full payment
    of all rent and other approved charges due and owing under the lease.
    Prior to its termination, the lease required annual rent payments of
    $179,208 through September 2006.

*   On November 20, 2003, CALC/Canterbury Corp. signed a Surrender
    Agreement with Teachers Insurance And Annuity Associate Of America
    that called for the cancellation of the lease effective November 30,
    2003 at 780 Third Avenue, New York, New York (square footage of
    10,000).  To release each other from their respective obligations
    under the lease, CALC/Canterbury paid the landlord all fixed rent and
    additional rent payable under the lease through November 20, 2003 and
    attorney fees not to exceed $1,000.  As part of the Lease Surrender
    Agreement CALC/Canterbury relinquished the security deposit of $33,000
    for complete and general releases from all obligations under the
    lease.  Prior to its termination, the lease required annual rent
    payments of $395,172 through May 2006.

*   On November 25, 2003, CALC/Canterbury Corp. signed a Surrender
    Agreement with Woodbridge Place Associates that called for the
    termination of the lease effective November 30, 2003 at 517 Route 1
    South, South Iselin, New Jersey 08830 (square footage of 3,000).  As
    part of the Lease Surrender Agreement CALC/Canterbury agreed to pay
    its October rent and relinquish its security deposit of $5,750 for the
    November rent.  Prior to its termination, the lease required annual
    rent payments of $81,732 through September 2005.

*   On November 26, 2003 CALC/Canterbury executed a Lease Termination
    Agreement with Transwestern Lanidex, L.L.C. that terminates the lease
    at 500 Lanidex Executive Center, Parsippany, New Jersey effective
    November 30, 2003 (square footage of 23,561).  As part of the Lease
    Surrender Agreement CALC/Canterbury relinquished the security deposit
    of $66,756 for complete and general releases from all obligations
    under the lease.  Prior to its termination, the lease required annual
    rent payments of $532,692 through February 2008.

   In order to maintain both training and administrative facilities for each of
its subsidiaries, Canterbury Consulting Group, Inc. entered into the following
two agreements:

   On November 20, 2003 Canterbury Consulting Group, Inc. entered into a
License Agreement with Teachers Insurance and Annuity Association of America
to rent three classrooms and office space (4,500 square feet) at 780 Third
Avenue, New York, New York for one year at $14,250 a month.  This License
Agreement has a 90-day, mutual cancellation clause.

   On December 2, 2003, the Registrant executed a three-year lease agreement
with Transwestern Lanidex, L.L.C. for 6,500 square feet of space at 200 Lanidex
Plaza, Parsippany, New Jersey.  The space provides two classrooms and
administrative offices for the following subsidiaries:  CALC/Canterbury Corp.,
MSI/Canterbury Corp., Usertech/Canterbury Corp. and Canterbury Corporate
University, Inc.  The office lease calls for a $25,000 security deposit and
monthly rent charges of $11,800.

   Each Canterbury subsidiary will be responsible for its pro rata share of the
square footage of the aforementioned facility leases by Canterbury Consulting
Group, Inc. under its own sublease agreement.


ITEM 7. EXHIBITS


      (c)  Exhibits



           Number                   Description

            99      The Company's news release, issued on December 8, 2003
                    CANTERBURY DISCONTINUES PUBLIC TRAINING * FOUR LOCATIONS
                    CLOSED * CHARGES WILL BE TAKEN IN FOURTH QUARTER


                             SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                         CANTERBURY CONSULTING GROUP, INC.

                                         BY: /s/ Kevin J. McAndrew
                                         ----------------------------
                                         Kevin J. McAndrew, President

Dated: December 8, 2003

EX-99

CANTERBURY CONSULTING GROUP, Inc.
352 Stokes Road, Suite 200, Medford, NJ  08055
(609) 953-0044 * Fax (609) 953-0062

                  FOR IMMEDIATE RELEASE


        CANTERBURY DISCONTINUES PUBLIC TRAINING
                        ****
               FOUR LOCATIONS CLOSED
                        ***
        CHARGES WILL BE TAKEN IN FOURTH QUARTER


Medford, NJ - December 8, 2003

Canterbury Consulting Group, Inc. (NASDAQ:CITI) announced today that it
was in process of exiting the public classroom portion of its information
technology training segment.  This public training had been previously
provided by its wholly owned subsidiary, CALC/Canterbury Corp., at two
locations in New York City and two locations in New Jersey.

Canterbury's President and Chief Executive Officer, Kevin J. McAndrew,
stated, "We had little choice but to withdraw from the public training
market.  The cost of providing public classroom training as well as the
cost of personnel to maintain and operate these facilities was financially
draining based upon the current level of demand.  As of December 1, 2003
Canterbury no longer offered public training as we have in the past.  We
will continue to offer technology training to all of our corporate and
governmental customers, as well as e-learning solutions, private training,
training on demand and custom course development."

Mr. McAndrew went on to say; "We have negotiated settlements with the four
landlords involved wherein we have relinquished our security deposits in
return for general releases on the remaining lease terms for these
facilities.  The charges for these expenses and for other associated costs
of transition, as well as other charges related to those individuals that
are being released will approximate $260,000 and will be taken in our
fourth fiscal quarter ending November 30, 2003."

For more information, visit www.canterburyconsultinggroup.com, or to
access our filings go to www.sec.gov.

In addition to historical facts or statements of current condition, this
press release may contain forward-looking statements. The Company's
performance and financial results could differ materially from those
reflected in the forward-looking statements due to general financial,
economic, regulatory and political conditions or additional factors
unknown to the Company at this time, as well as more specific risks and
uncertainties such as those set forth in documents filed by the Company
with the SEC (including, but not limited to, its most recent reports on
Form 8-K, Form 10-Q and Form 10-K, copies of which are available upon
request or over the Internet at www.sec.gov). Given these risks and
uncertainties, any or all of these forward-looking statements may prove to
be incorrect. Therefore, current or prospective investors are cautioned
not to place undue reliance on any such forward-looking statements.
Furthermore, the Company has no intent, and disclaims any obligation, to
update any such factors or forward-looking statements to reflect future
events or developments.


Contact:
Darcy Teibel
Canterbury Consulting Group, Inc.
609-953-0044