UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549
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                                    FORM 8-K
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                                 CURRENT REPORT

      Pursuant to Section 13 or 15(d) of the Securities Act of 1934 Date of
     Report (Date of earliest event reported): October 27, 2004
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                      SECURED DIVERSIFIED INVESTMENT, LTD.
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             (Exact name of registrant as specified in its charter)

                                     Nevada
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         (State or other jurisdiction of incorporation or organization)

          0-30653                                      80-0068489
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  (Commission File Number)                  (IRS Employer Identification No.)

            5030 Campus Drive
        Newport Beach, California                           92660
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  (Address of Principal Executive Offices)               (Zip Code)

     Registrant's telephone number, including area code: (949) 851-1069
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Item 5.02. Departure of Directors.

         The Company had earlier reported that two directors, Ron Robinson and
         Sumiye Onodera Leonard, resigned from their position as directors
         because the Company had not obtained a director and officer liability
         insurance policy. On October 27, 2004, the Company received a written
         notice from Ms. Onodera Leonard that she was not resigning for failure
         to obtain director and officer liability insurance but rather purely
         for personal reasons. Likewise, Mr. Robinson did not state any reasons
         for his resignation in his written notice. The Board of Directors has
         discussed the size of the Board and the need to reduce the number of
         directors to five members. The resignations accomplished this
         reduction.






                                SIGNATURE

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.

Date: October 27, 2004


SECURED DIVERSIFIED INVESTMENT, LTD.

By: /s/LUIS LEON
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Luis Leon, Chief Executive Officer