AMENDMENT NO. 1 TO PROMISSORY NOTE

Exhibit 10.112

                       AMENDMENT NO. 1 TO PROMISSORY NOTE

      This  Amendment  No.  1 to Promissory Note ("Amendment") is by and between
Renee J. Conner and William E. Renninger (the "Holders") and National Investment
Managers Inc. (the "Maker"), effective as of September 29, 2009.

      Whereas,  reference  is  herby  made  to  a certain Promissory Note, dated
February  24,  2009,  by  and between the Holders and the Maker in the amount of
Three  Hundred  Thirty  Seven  Thousand  Five Hundred dollars ($337,500.00) (the
"Promissory  Note  No.  1"). All capitalized terms used herein and not otherwise
defined herein shall have the meanings as set forth in the Promissory Note;

      Whereas,  reference  is  herby  made  to  a certain Promissory Note, dated
February  24,  2009,  by  and between the Holders and the Maker in the amount of
Five  Hundred  Thousand  dollars  ($500,000.00)  (the  "Promissory  Note No. 2;"
Promissory  Note  No.  1  and  Promissory Note No. 2 collectively referred to as
"Promissory Notes");

      Whereas,  the  Maker  and  the  Holders  are  amending  the  terms  of the
Promiss