UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 0)*

                             GREENBRIAR CORPORATION
--------------------------------------------------------------------------------
                                (Name of Issuer)

                          Common Stock, Par Value $0.01
--------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   393648 40 7
--------------------------------------------------------------------------------
                                 (CUSIP Number)


                               September 22, 2004
--------------------------------------------------------------------------------
            (Date of Event which Requires Filing of this Settlement)


Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

          [_]  Rule 13d-1(b)

          [_]  Rule 13d-1(c)

          [_]  Rule 13d-1(d)


----------
* The remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsequent  amendment  containing  information  which  would  alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 or  otherwise  subject to the  liabilities  of that  section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).





                                  SCHEDULE 13G

CUSIP No.393648 40 7                                           Page 2 of 4 Pages


________________________________________________________________________________
1.   NAME OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)


     Victor L. Lund I.R.S. Identification No.  Not Supplied
________________________________________________________________________________
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

(a)
   -----------------------------------------------------------------------------
(b)
   -----------------------------------------------------------------------------
________________________________________________________________________________
3.   SEC USE ONLY



________________________________________________________________________________
4.   CITIZENSHIP OR PLACE OF ORGANIZATION


     U.S.A.
________________________________________________________________________________
  NUMBER OF    5.   SOLE VOTING POWER

   SHARES           108,994
               _________________________________________________________________
BENEFICIALLY   6.   SHARED VOTING POWER

  OWNED BY          -0-
               _________________________________________________________________
    EACH       7.   SOLE DISPOSITIVE POWER

  REPORTING         108,994
               _________________________________________________________________
   PERSON      8.   SHARED DISPOSITIVE POWER

    WITH            -0-
________________________________________________________________________________
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON


     108,994
________________________________________________________________________________
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
     (See Instructions)

     [_]
________________________________________________________________________________
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9


     11.2%
________________________________________________________________________________
12.  TYPE OF REPORTING PERSON (See Instructions)


     IN
________________________________________________________________________________




                                  SCHEDULE 13G

CUSIP No.393648 40 7                                           Page 3 of 4 Pages



Item 1(a).  Name of Issuer:


            Greenbriar Corporation
            ____________________________________________________________________

Item 1(b).  Address of Issuer's Principal Executive Offices:

            1755 Wittington Place, Suite 340
            Dallas, TX  75234
            ____________________________________________________________________

Item 2(a).  Name of Person Filing:


            Victor L. Lund
            ____________________________________________________________________

Item 2(b).  Address of Principal Business Office, or if None, Residence:

            1755 Wittington Place, Suite 340
            Dallas, TX  75234
            ____________________________________________________________________

Item 2(c).  Citizenship:


            USA
            ____________________________________________________________________

Item 2(d).  Title of Class of Securities:


            Greenbriar Corporation Common Stock
            ____________________________________________________________________

Item 2(e).  CUSIP Number:


            393648 40 7
            ____________________________________________________________________

Item 3.     If This Statement  is Filed  Pursuant to  Rule 13d-1(b), or 13d-2(b)
            or (c), Check Whether the Person Filing is a:

            Not applicable

Item 4.  Ownership.

     Provide  the  following  information  regarding  the  aggregate  number and
percentage of the class of securities of the issuer identified in Item 1.

     (a)  Amount beneficially owned: 108,994 shares


     (b)  Percent of class: 11.2%


     (c)  Number of shares as to which such person has:

          (i)   Sole power to vote or to direct the vote 108,994 shares.
                                                         --------------

          (ii)  Shared power to vote or to direct the vote 0.
                                                          ---

          (iii) Sole power to dispose or to direct the disposition of
                108, 994 shares.
                ----------------

          (iv)  Shared power to dispose or to direct the disposition of 0.
                                                                       ---


Item 5.  Ownership of Five Percent or Less of a Class.

         Not applicable



                                  SCHEDULE 13G

CUSIP No.393648 40 7                                           Page 4 of 4 Pages

Item 6.  Ownership of More Than Five Percent on Behalf of Another Person.


         Not applicable


Item 7.  Identification and  Classification of the Subsidiary Which Acquired the
         Security  Being  Reported on by the Parent  Holding  Company


         Not applicable

Item 8.  Identification and Classification of Members of the Group.


         Not applicable

Item 9.  Notice of Dissolution of Group.


         Not applicable

Item 10.  Certifications.

     (a)  Not applicable.


     (b)  "By signing  below I certify  that,  to the best of my  knowledge  and
          belief, the securities referred to above were not acquired and are not
          held for the purpose of or with the effect of changing or  influencing
          the control of the issuer of the  securities and were not acquired and
          are not held in connection with or as a participant in any transaction
          having such purpose or effect."


                                    SIGNATURE

     After  reasonable  inquiry and to the best of my  knowledge  and belief,  I
certify that the information  set forth in this statement is true,  complete and
correct.


September 22, 2004
------------------
Date


                                     By:          /s/ Victor L. Lund
                                        ----------------------------------------
                                                     Victor L. Lund