<PAGE> 1
PROSPECTUS SUPPLEMENT NO. 1 DATED SEPTEMBER 10, 1998 Rule 424(b)(2)
(To Prospectus dated December 30, 1997) Registration No. 333-27785
AMERICAN RESIDENTIAL SERVICES, INC.
7 1/4% Convertible Subordinated Notes due 2004
Interest Payable April 15 and October 15
The following beneficial owner of 7 1/4% Convertible
Subordinated Notes due 2004 (the "Notes") of American Residential Services,
Inc., a Delaware Company (the "Company"), has requested the Company to file a
Prospectus Supplement identifying that beneficial owner as a Selling Holder. The
information in the table below has been provided by the Selling Holder.
<TABLE>
<CAPTION>
Aggregate Principal Number of Shares
Amount of Notes of Common Stock
Owned and Owned and
Name of Selling Holder Offered Hereby Offered Hereby(1)
---------------------- -------------- -----------------
<S> <C> <C>
Forum Capital Markets LP $180,000 7,058
</TABLE>
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(1) Shares shown are the number of whole shares of common stock, par value
$.001 per share, of the Company into which the holder's Notes are
convertible at the initial conversion price of $25.50 per share
("Conversion Shares"). The Selling Holder did not report owning any
other shares.
End of Supplement
