Form: 5

Annual statement of changes in beneficial ownership of securities

February 19, 2002

5: Annual statement of changes in beneficial ownership of securities

Published on February 19, 2002



U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 5

ANNUAL 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(f) of the Investment Company Act of 1940

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

[X] Form 3 Holdings Reported

[ ] Form 4 Transactions Reported

________________________________________________________________________________
1. Name and Address of Reporting Person*

HOUGHTON Christopher J.
- --------------------------------------------------------------------------------
(Last) (First) (Middle)

2531 San Jacinto Avenue
- --------------------------------------------------------------------------------
(Street)

San Jacinto CA 92583
- --------------------------------------------------------------------------------
(City) (State) (Zip)
________________________________________________________________________________
2. Issuer Name and Ticker or Trading Symbol

PEACOCK FINANCIAL CORPORATION (PFCK.OB)

________________________________________________________________________________
3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)


________________________________________________________________________________
4. Statement for Month/Year


December 2001
________________________________________________________________________________
5. If Amendment, Date of Original (Month/Year)


________________________________________________________________________________
6. Relationship of Reporting Person to Issuer
(Check all applicable)

[X] Director [ ] 10% Owner
[ ] Officer (give title below) [_] Other (specify below)

________________________________________________________________________________
7. Individual or Joint/Group Filing
(Check applicable line)

[X] Form filed by one Reporting Person
[_] Form filed by more than one Reporting Person
________________________________________________________________________________
================================================================================
Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
================================================================================



5. 6.
4. Amount of Owner-
Securities Acquired (A) or Securities ship
Disposed of (D) Beneficially Form: 7.
(Instr. 3, 4 and 5) Owned at End Direct Nature of
2. 3. ----------------------------- of Issuer's (D) or Indirect
1. Transaction Transaction (A) Fiscal Year Indirect Beneficial
Title of Security Date Code Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) (Instr. 8) (D) and 4) (Instr.4) (Instr. 4)
- ----------------------------------------------------------------------------------------------------------------------------------


None 3
- ----------------------------------------------------------------------------------------------------------------------------------

- ----------------------------------------------------------------------------------------------------------------------------------

==================================================================================================================================

* If the form is filed by more than one Reporting Person, see Instruction
4(b)(v).

Page 2
Form 5 -- continued

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

================================================================================


9. 10.
Number Owner-
of ship
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- Securities Date Securities Price Bene- ity: In-
cise 3. Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- 4. or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Trans- of (D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date action (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ Code 4 and 5) Date Expira- Number ity Year (I) ship
Security Secur- Day/ (Instr. ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) 8) (A) (D) cisable Date Title Shares 5) 4) 4) 4)
- ----------------------------------------------------------------------------------------------------------------------------------


None
==================================================================================================================================


Explanation of Responses:

Mr. Houghton became subject to filing in February 2001 and has had no
transactions.





/s/CHRISTOPHER J. HOUGHTON February 18, 2002
- --------------------------------------------- -----------------------
**Signature of Reporting Person Date

** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.

See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Page 3