UNITED STATES


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: January 15, 2010

Commission File No. 0-8117

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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)

____________

~~SECURITIES~~Item ~~AND~~1.01 ~~EXCHANGE~~Entry ~~COMMISSION~~into a Material Definitive Agreement..

~~Washington~~On or about January 12, DC2010, ~~20549~~Church Loans & Investments Trust (“the Trust”) entered into a new Loan Agreement with Amarillo National Bank (“the Bank”). The new Loan Agreement is effective as of January 1, 2010 and provides the terms and conditions of the Trust’s new credit facility with the Bank.

~~FORM~~Pursuant ~~8-K~~to the terms of the Agreement, the Trust’s credit facility is increased from $49,000,000 to $60,000,000. Furthermore, the Agreement provides that the Trust’s net worth requirement is increased from $18,000,000 to $24,000,000 as compared to the precious agreement and the total indebtedness of the Trust may not at any time exceed a sum equal to 3.2 times the total net worth of the Trust as compared to 2.5 times total net worth under the previous agreement.

~~CURRENT~~Other ~~REPORT~~terms of the Loan Agreement do not differ materially from the previous agreement.

~~Pursuant~~A tocopy ~~Section~~of 13the orAgreement ~~15(d)~~is ofattached hereto as an Exhibit.

~~The~~Item ~~Securities~~9.01 ~~Exchange~~Financial ~~Act~~Statements ofand ~~1934~~Exhibits.

~~Date of Report~~ (~~Date of earliest event reported~~d) Exhibits.

~~December~~Exhibit ~~23,~~No. ~~2009~~

~~CHURCH LOANS AND INVESTMENTS TRUST~~Description

(~~Exact name of registrant as specified in its charter~~10)

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

Loan Agreement dated January 1, 2010 entered into by and between Church Loans & Investments Trust and Amarillo National Bank.

~~5305 W. Interstate 40~~SIGNATURES

~~Amarillo~~Pursuant to the requirements of the Securities Exchange Act of 1934, ~~Texas~~the ~~79106~~registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

(Address of principal executive offices, including zip code)


	CHURCH LOANS & INVESTMENTS TRUST

Date: January 15, 2010	By:	/s/ Jason Hall, President

(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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