SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1996
Purpose: To supplement in part Part IV, Item 14(c) of Company's
previously filed Form 10-K in order to file as an exhibit
the Annual Servicing Report of Company's Independent
Public Accountants.
Commission File Nos. 0-20695
REVOLVING HOME EQUITY LOAN TRUST 1995-2
(Exact name of Registrant as specified in Department
of the Treasury, Internal Revenue Service Form SS-4)
HOUSEHOLD FINANCE CORPORATION
(Servicer of the Trust)
(Exact name as specified in Servicer's charter)
DELAWARE Not Applicable
(State or other jurisdiction of (I.R.S. Employer Identification
incorporation of Servicer) Number of Registrant
2700 SANDERS ROAD, PROSPECT HEIGHTS, ILLINOIS 60070
(Address of principal executive offices of (Zip Code)
Servicer)
Servicer's telephone number, including area code (847) 564-5000
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Servicer has duly caused this
amendment to be signed on behalf of the Revolving Home Equity Loan
Trust 1995-2 by the undersigned, thereunto duly authorized.
HOUSEHOLD FINANCE CORPORATION,
as Servicer of and on behalf of the
REVOLVING HOME EQUITY LOAN TRUST 1995-2
(Registrant)
Date: April 30, 1997 By:/s/John W. Blenke
John W. Blenke
Assistant Secretary
U:\WP\HFS088\95-10K\RHEL95-2.AMD
<PAGE>
<PAGE>
Exhibit Index
Exhibit No. Exhibit Page No.
99 Copy of Independent Public Accountants 4
Annual Servicing Report dated January 23,
1997.
Report of Independent Public Accountants
To Household Finance Corporation:
We have audited, in accordance with generally accepted auditing standards,
the consolidated financial statements of Household Finance Corporation (the
"Company") and subsidiaries as of December 31, 1996 and have issued our
report thereon dated January 23, 1997. We have not audited any financial
statements of the Company as of any date or for any period subsequent to
December 31, 1996, or performed any audit procedures subsequent to the date
of our report on those statements.
In connection with our audit, nothing came to our attention that caused us to
believe that the Company was not in compliance with any of the terms,
covenants, provisions, or conditions of the Pooling and Servicing Agreement
(the "Agreement"), dated November 1, 1995, in conjunction with the
Revolving Home Equity Loan Asset Backed Certificates Series 1995-2 insofar
as they relate to accounting matters. It should be noted, however, that our
audit was not directed primarily toward obtaining knowledge of such
noncompliance.
As a part of our audit, we made a study and evaluation of the Company's
system of internal accounting controls over the Company's home equity loan
portfolio, including those loans serviced under the Agreement to the extent we
considered necessary to evaluate the system as required by generally accepted
auditing standards. In accordance with these standards, the purpose of our
study and evaluation, which included obtaining an understanding of the
accounting systems, was to determine the nature, timing and extent of the
auditing procedures necessary for expressing an opinion on the financial
statements. Our study and evaluation also took into consideration certain of
the criteria and audit requirements in the Audit Guide for Audits of Non-
Supervised Mortgages Approved by the Department of Housing and Urban
Development. However, certain procedures included in the audit guide are
not applicable to the home equity loans being serviced for the Trustee, and
therefore, were not performed.
Our audit disclosed no exceptions or errors in records relating to home equity
loans serviced for the Trustee that, in our opinion, Section 3.10 of the
Agreement required us to report.
This report is intended solely for the information and use of the Board of
Directors and management of the Company and should not be used for any
other purpose.
Chicago, Illinois
January 23, 1997
