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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 4

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(h) of the Investment Company Act of 1940

o Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Name and Address of ReportingPerson* (Last, First, Middle)

Issuer Name and Ticker orTrading Symbol

I.R.S. Identification Number of ReportingPerson, if an entity (Voluntary)

Strunk, Carl A.

American National Financial, Inc. ANFI

Ferguson, Barbara

ANFI, Inc. - ANFI

1111 East Katella Avenue, Suite 220

Statement for Month/Day/Year

If Amendment, Date of Original (Month/Day/Year)

1111 East Katella Avenue Suite 220

Statement for (Month/Day/Year)

If Amendment, Date of Original (Month/Day/Year)

September 12, 2002

January 17, 2003

(Street)

Relationship of Reporting Person(s) to Issuer (Check All Applicable)

Individual or Joint/Group Filing(Check Applicable Line)

Orange, CA 92867 (City) (State) (Zip)

Director

10% Owner

Form filed by One Reporting Person

Orange, CA 92687 (City) (State) (Zip)

Director

10% Owner

Form filed by One Reporting Person

Officer (give title below)

Form filed by More than One Reporting Person

Officer (give title below)

Form filed by More than One Reporting Person

Other (specify below)

Executive Vice President and Chief Financial Officer

Executive Vice President

* If the form is filed by more than one reporting person, see instruction 4(b)(v).

Reminder:		Report on a separate line for each class of securities beneficially owned directly or indirectly.

*		If the form is filed by more than one reporting person, see instruction 4(b)(v).

Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

Title of Security(Instr. 3)

Transaction Date(Month/Day/Year)

2a.

Deemed ExecutionDate, if any.(Month/Day/Year)

Transaction Code(Instr. 8)

Securities Acquired (A)or Disposed of (D)(Instr. 3, 4 and 5)

Amount of SecuritiesBeneficially OwnedFollowing Reported Transactions(s)(Instr. 3 and 4)

OwnershipForm:Direct (D) orIndirect (I)(Instr. 4)

Nature ofIndirectBeneficialOwnership(Instr. 4)

Code

Amount

(A)or(D)

Price

Common Stock

91/1216/0203

6842,~~750~~600

$42.~~364~~182

~~134,754~~

Common Stock

1/17/03

3,234

$2.182

Common Stock

1/17/03

13,338

$1.95

Common Stock

1/16/03

700

$15.11

Common Stock

1/16/03

700

$15.12

Common Stock

1/16/03

500

$15.13

Common Stock

1/16/03

900

$15.15

Common Stock

1/16/03

6,500

$15.25

Common Stock

1/16/03

3,500

$15.26

Common Stock

1/16/03

14,800

$15.05

Common Stock

1/16/03

15,000

$15.10

Common Stock

1/17/03

16,572

$15.00

87,178(1)

Page 2

Table II — Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

Title of DerivativeSecurity(Instr. 3)

Conversion or ExercisePrice of DerivativeSecurity

TransactionDate(Month/Day/Year)

3a.

Deemed ExecutionDate, if any(Month/Day/Year)

TransactionCode(Instr. 8)

Number of Derivative SecuritiesAcquired (A) or Disposed of (D)(Instr. 3, 4 and 5)

Code

(A)

(D)

Stock Option (right to buy)

$42.~~364~~182

91/1216/0203

6842,~~750~~600

Stock Option (right to buy)

$2.182

1/17/03

3,234

Stock Option (right to buy)

$1.955

1/17/03

13,338

Page 3

Table II — Derivative Securities Acquired, Disposed of, or Beneficially Owned — Continued(e.g., puts, calls, warrants, options, convertible securities)

Date Exercisable andExpiration Date(Month/Day/Year)

Title and Amount of Underlying Securities(Instr. 3 and 4)

Price of DerivativeSecurity(Instr. 5)

Number of DerivativeSecurities Beneficially OwnedFollowing Reported Transaction(s) (Instr. 4)

10.

Ownership Form of Derivative Security:Direct (D) or Indirect (I)(Instr. 4)

11.

Nature ofIndirectBeneficialOwnership(Instr. 4)

DateExercisable

ExpirationDate

Title

Amount orNumber ofShares

2/12/99

2/12/09

Common Stock

68,750

3/13/01

3/13/10

Common Stock

68,750

26,150

3/13/01

3/13/10

Common Stock

68,750

22,916

10/4/01

10/4/10

Common Stock

68,750

55,412

192,906(2)

Explanation of Responses:

/s/ Carl A. Strunk		September 12, 2002
(1)		Since the Reporting Person’s last report, 3,032 shares previously held through the Employee Stock Purchase Plan have been redistributed and are included in this amount.
**Signature of Reporting Person		Date
(2)		Reflects Reporting Person’s total Derivative Securities of ANFI, Inc. as of January 17, 2003.

Reminder:		Report on a separate line for each class of securities beneficially owned directly or indirectly.
/s/ Barbara Ferguson		January 17, 2003
**		Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
**Signature of Reporting Person		Date
Note:		File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**		Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:		File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Page 4

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