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 (Date of earliest event reported):  November 19, 2002
                                                         -----------------
                                Semele Group Inc.
             (Exact name of registrant as specified in its charter)

     Delaware                        0-16886           36-3465422
(State  or  other  jurisdiction     (Commission     (IRS  Employer
 of  incorporation)                   File  Number) Identification  No.)


     200  Nyala  Farms,  Westport,  Connecticut                         06880
     (Address of principal executive offices)                         (Zip Code)


Registrant's  telephone  number,  including  area  code:  (203)  341-0555
                                                          ---------------




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



                                Semele Group Inc.
                                    Form 8-K


ITEM  5.

On  November  14,  2002,  Semele Group Inc. (the "Company") filed Form 12b-25 to
extend  its  filing  date  related to Form 10-QSB for the quarterly period ended
September  30,  2002.  Subsequent  to filing Form 12b-25, the Company identified
issues  which  would  require additional time to prepare a complete and accurate
accounting  for  the  quarter  and  nine  months  ended  September  30,  2002.
Accordingly,  the  Company  will not file its Form 10-QSB by the extended filing
deadline,  November  19,  2002.  The Registrant expects to file the  Form 10-QSB
for  the  quarterly  period  ended  September  30,  2002  by  November 27, 2002.





                                   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.

Dated:     November  19,  2002          SEMELE  GROUP  INC.


By:  ______________________________________
     Name:  Richard  K.  Brock
     Title:    Chief  Financial  Officer  and  Treasurer