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: August 27, 2009
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
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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)
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

OnEffective ~~August 25, 2009, Kelly Archer and the Trust entered into a Release and Severance Agreement pursuant to which Mr. Archer resigned~~ as ~~the~~of ~~Principal~~close ~~Executive Officer and President~~ of ~~the~~business ~~Trust~~on ~~effective~~September ~~as of August 3~~30, 2009~~. Pursuant to the terms of the Severance Agreement~~, ~~the~~Robert ~~Trust will pay to Mr~~E. ~~Archer~~Martin ~~monthly~~retired ~~severance~~from ~~payments~~his ofposition ~~$12,000~~as ~~per~~Senior ~~month~~Vice ~~through~~President ~~January~~– ~~15,~~Lending ~~2010. The Severance Agreement contains other terms~~ and ~~conditions~~no ~~normally~~longer ~~found~~serves in ~~such~~that ~~agreements~~position.

AsMr. ~~reported~~Martin inand ~~its~~the ~~Form~~Trust ~~8-K~~entered ~~filed~~into onan ~~August~~Independent 7Contractor Agreement dated September 18, 2009 and effective October 1, ~~Bill~~2009, Rpursuant to which Mr. ~~McMorries~~Martin iswould ~~serving~~continue, as ~~the~~an ~~acting~~independent contractor, ~~Interim~~to ~~Principal~~provide ~~Executive~~collection ~~Officer~~services to the Trust. Such services will include monitoring and ~~President~~collection ofefforts 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.

As 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.

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 & INVESTMENTS TRUST
Date: August 27, 2009	By:	/s/ B. R. McMorries, Chairman
Date: October 5, 2009	By:	/s/ B. R. McMorries, Chairman
		Board of Trust Managers

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