SEVEN DAY REDEEMABLE CERTIFICATE


No. ________________                                           $________________

PIF/CORNERSTONE MINISTRIES INVESTMENTS, INC. ("ISSUER" OR "WE" AND RELATED
PRONOUNS) promises to pay to ___________________________________________________
or registered assigns ("you" or "holder"), the principal sum of ________________
________________________ Dollars ($__________).
Taxpayer I.D. Number: __________________ CUSIP Number:_________________.


Payment Dates:______________ and ________________.
Maturity Date:______________
Interest Rate:  See below

This Certificate has no stated maturity. It can be purchased in any amount of at
least $100 and you can add to your  Certificate  at any time, in amounts of $100
or more.  The amount you have invested will remain in your  Certificate  account
until you redeem  it.  You may redeem any amount of the  balance by giving us at
least seven days written notice of the amount you want redeemed and the date you
want us to send you a check.

The rate of interest will  initially be 5%. Our board of directors  will set the
rate on the first  business day of each January,  June,  September and December.
The  directors may also change the rate between those dates if they believe that
market conditions  warrant a change.  You will be notified seven days in advance
of any rate change and we will keep the current  interest rate posted on our web
site [__________]. You can choose to have interest paid semiannually or when you
redeem an amount.

General terms.  Your  Certificate will begin to bear interest at the stated rate
one  business day after we receive  your funds.  However,  we will not issue the
Certificate or a receipt for an investment  until the check or other payment has
cleared our bank.  All interest and  maturities  will be calculated on a 365-day
year.  Any payment due on a weekend or on a nationally  recognized  bank holiday
will be paid the next business day.

We will set interest rates for future certificates as market conditions warrant.
Certificates  issued in the future may bear higher or lower  interest rates than
the currently offered certificates,  and may have different terms and conditions
than this Certificate.

Certificates  will  normally be  registered  in book entry form and the investor
will receive only a written confirmation of their investment,  and not an actual
certificate.

                                                   Dated:_________________, 2001


___________________, as Trustee, certifies          PIF/CORNERSTONE MINISTRIES
that this is one of the Certificates                INVESTMENTS, INC.
referred to in the Trust Indenture.



By:_________________________________                By:_________________________
Name:                                               Name:
Title:                                              Title:



              [SEAL]                                       [SEAL]





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