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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
March 18, 1997
Aames Capital Acceptance Corp. on behalf of Aames Capital Owner Trust 1997-1
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(Exact Name of Registrant as Specified in its Charter)
Delaware 333-21219 95-4619902
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(State of Incorporation) (Commission (I.R.S. Employer
File Number) Identification No.)
90010
3731 Wilshire Boulevard -------
Los Angeles, California (Zip Code)
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(Address of Principal
Executive Offices)
Registrant's telephone number, including area code: (213) 351-6100
No Change
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(Former Name or Former Address, if Changed Since Last Report)
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The sole purpose of this Current Report on Form 8-K is to file the consent
of Coopers & Lybrand L.L.P., independent accountants to Financial Security
Assurance Inc. Financial Security Assurance Inc. will act as the Bond Insurer in
connection with the proposed offering of the Aames Capital Owner Trust 1997-1
Adjustable Rate Asset-Backed Bonds, Series 1997-1.
Item 7. Financial Statements; Pro Forma Financial Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
23.1 Consent of Coopers & Lybrand L.L.P.
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SIGNATURES
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.
AAMES CAPITAL ACCEPTANCE CORP.
By: /s/ Mark E. Elbaum
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Mark E. Elbaum
Senior Vice President - Finance
Dated: March 18, 1997
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[ON COOPERS & LYBRAND L.L.P. LETTERHEAD]
CONSENT of INDEPENDENT ACCOUNTANTS
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We consent to the incorporation by reference in the Prospectus Supplement dated
March 18, 1997 (to Prospectus dated March 18, 1997) of Aames Capital Acceptance
Corp., relating to the Adjustable Rate Asset-Backed Bonds, Series 1997-1 of
Aames Capital Owner Trust 1997-1, of our report dated January 17, 1996, on our
audits of the consolidated financial statements of Financial Security Assurance
Inc. and Subsidiaries as of December 31, 1995 and 1994, and for each of the
three years in the period ended December 31, 1995. We also consent to the
reference to our Firm under the caption "Report of Experts".
/s/ COOPERS & LYBRAND L.L.P.
New York, New York
March 18, 1997
