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: October 5, 2009
Commission File No. 0-8117
____________
CHURCH LOANS & INVESTMENTS TRUST		®
(Exact name of registrant as specified in its charter)
Texas	75-6030254
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)
5305 W Interstate 40, Amarillo, Texas	79106-4759
(Address of principal executive office)	(Zip Code)
(806) 358-3666
(Issuer’s telephone number including area code)
____________

UNITED STATES

~~Item~~SECURITIES ~~5.02~~AND ~~Departure~~EXCHANGE ~~of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.~~COMMISSION

~~Effective as of close of business on September 30~~Washington, ~~2009,~~DC ~~Robert E. Martin retired from his position as Senior Vice President – Lending and no longer serves in that position.~~ 20549

~~Mr.~~FORM Martin and the Trust entered into an Independent Contractor Agreement dated September 18, 2009 and effective October 1, 2009, pursuant to which Mr. Martin would continue, as an independent contractor, to provide collection services to the Trust. Such services will include monitoring and collection efforts regarding past due notes owing to the Trust. The Trust will pay Mr. Martin $50.00 per hour for such services. Mr. Martin agrees to provide such services as necessary to the Trust, however, not to exceed 80 hours per calendar month. The Independent Contractor Agreement contains other terms and conditions normally found in such agreements.8-K

AsCURRENT ~~of the date of this filing there is no plan to appoint a new or interim Senior Vice President – Lending. The Trust believes that existing personnel can handle the necessary duties at this time.~~REPORT

~~SIGNATURES~~Pursuant to Section 13 or 15(d) of

~~Pursuant~~The ~~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.~~

	CHURCH LOANS & INVESTMENTS TRUST
Date: October 5, 2009	By:	/s/ B. R. McMorries, Chairman
		Board of Trust Managers

Date of Report (Date of earliest event reported)

December 23, 2009

CHURCH LOANS AND INVESTMENTS TRUST

(Exact name of registrant as specified in its charter)


Texas	0-8817	75-6030254
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

5305 W. Interstate 40

Amarillo, Texas 79106

(Address of principal executive offices, including zip code)

(806) 358-3666

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


£	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
x	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
£	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
£	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

On December 23, 2009, Church Loans and Investments Trust issued a press release announcing plans to undertake a transaction to terminate the registration of its common shares of beneficial interest under the Securities Exchange Act of 1934, as amended. The press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.


Exhibit No.		Description

99.1		Press Release dated December 23, 2009.

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.


		CHURCH LOANS AND INVESTMENTS TRUST

	By:	/s/ B.R. McMorries
		B.R. McMorries Chairman of the Board

Date: December 23, 2009

EXHIBIT INDEX


Exhibit No.		Description

99.1		Press Release dated December 23, 2009.

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