6,434,970 SHARES OF COMMON STOCK
$100,000,000 7.25% CONVERTIBLE SUBORDINATED NOTES DUE 2003
RAC FINANCIAL GROUP, INC.
FOURTH SUPPLEMENT DATED JANUARY 8, 1997
TO PROSPECTUS DATED DECEMBER 6, 1996
Terms used in this Supplement and not otherwise
defined are used as defined in the Prospectus
On December 13, 1996, RAC Financial Group, Inc. (the "Company") filed a
prospectus (the "Prospectus") relating to, among other things, the resale of
$100,000,000 of 7.25% Convertible Subordinated Notes Due 2003 ("Notes"), and on
December 17, 1996, December 30, 1996, and January 7, 1996, the Company filed
supplements to the table appearing on page 85 of the Prospectus, listing certain
persons and entities as Selling Holders (the "Selling Holders Table").
Based on the information that was then available to the Company,
certain persons and entities were listed as Selling Holders on the Selling
Holders Table. Since that time, the Company has learned the name of an
additional Selling Holder, and has prepared this Supplement to the Selling
Holders Table of the Prospectus by adding the following Selling Holder:
<TABLE>
<CAPTION>
Aggregate Principal Amount of Number of Shares of
Name of Selling Holder Notes Owned That May be Sold Common Stock Issuable
- ---------------------------------- ----------------------------- ---------------------
<S> <C> <C>
J. P. Morgan Investment Management $1,000,000 61,349
</TABLE>
CORPDAL:60080.1 28835-00004
