X0201 42003-09-030 0001103313 EDUCATION LENDING GROUP INC EDLG 0001221764 SHAUT MICHAEL H SUITE 210, 12760 HIGH BLUFF DRIVE SAN DIEGO CA 92130 1100President and COOCommon Stock, $.001 par value per share2003-09-034S05009.75D502000DCommon Stock, $.001 par value per share2003-09-044S050010.22D501500D/s/ Michael H. Shaut2003-09-04