U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  FORM 12B-25

NOTIFICATION OF LATE FILING                                     SEC FILE NUMBER
                                                                   1-13586


                                                                 CUSIP NUMBER
                                                                  617358 10 6

                                  (Check One):

[X] Form 10-Q

For Period Ended:  June 30, 2002

Nothing  in this  form  shall be  construed  to imply  that the  Commission  has
verified any information contained herein.

Part I -- Registration Information
- --------------------------------------------------------------------------------

Full Name of Registrant         The Morgan Group, Inc.

Former Name if Applicable       N/A

Address of Principal Executive Office (Street and Number) 2745 Old U.S. 20 West

City, State and Zip Code        Elkhart, Indiana  46514


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) [X]


          (a) The reasons  described in reasonable  detail in Part III could not
          be eliminated without unreasonable effort or expense.

          (b) the subject annual report,  semi-annual report,  transition report
          on Form 10-K,  Form 20-F,  11-K or Form N-SAR, or portion thereof will
          be filed  on or  before  the  fifteenth  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

          (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,  and Form
10-KSB,  20-F,  11-K, 10-Q and Form 10-QSB,  N-SAR, or the transition  report or
portion thereof could not be filed within the prescribed period.

     The Company announced today (August 14, 2002) that the manufactured housing
division of the Company has been sold.  The  Company  needs  additional  time to
properly account for and footnote the disposition of assets associated with this
division.

Part IV -- Other Information
- --------------------------------------------------------------------------------

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

Gary L. Klusman                         574                  295-2200 Ext. 339
- --------------------------------------------------------------------------------
(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
registrant was 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.

See above statement.


                             The Morgan Group, Inc.
                  -------------------------------------------
                  (Name of Registrant as Specified in Charter


has  caused  this  notification  to be signed on its  behalf by the  undersigned
hereunto duly authorized.

Date:  August 14, 2002          By: /s/ Gary J. Klusman
                                   -------------------------------------
                                   Gary J. Klusman, Chief Financial Officer