-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 DE/91zAqNd7eOLFzs8rAniZIz9mh9DEaCM4fWC1HnLTEdB6w/GhWC2PlU8EL33aR
 yQwRJfWxx8l0GjyLNDdvBw==

<SEC-DOCUMENT>0000950116-98-000448.txt : 19980223
<SEC-HEADER>0000950116-98-000448.hdr.sgml : 19980223
ACCESSION NUMBER:		0000950116-98-000448
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19980220
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RESOURCE AMERICA INC
		CENTRAL INDEX KEY:			0000083402
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		IRS NUMBER:				720654145
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		
		SEC FILE NUMBER:	333-40231
		FILM NUMBER:		98546368

	BUSINESS ADDRESS:	
		STREET 1:		1521 LOCUST ST
		STREET 2:		4TH FL
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19102
		BUSINESS PHONE:		2155465005

	MAIL ADDRESS:	
		STREET 1:		2876 SOUTH ARLINGTON ROAD
		CITY:			AKRON
		STATE:			OH
		ZIP:			44312

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RESOURCE EXPLORATION INC
		DATE OF NAME CHANGE:	19890214

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SMTR CORP
		DATE OF NAME CHANGE:	19700522
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<DESCRIPTION>424(B)(3)
<TEXT>

<PAGE>


                            SUPPLEMENT TO PROSPECTUS


         Pursuant to the terms of the Prospectus and Letter of Transmittal dated
December 23, 1997, Resource America, Inc. has elected to extend the Expiration
Date of the Exchange Offer until March 13, 1998.


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