SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: November 30, 1998
(Date of earliest event reported)
Commission File No. 333-58995
Mid-State Homes, Inc.
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Florida 50-0945134
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(State of Incorporation) (I.R.S. Employer Identification No.)
1500 North Dale Mabry Highway
Tampa, Florida 33607
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Address of principal executive offices (Zip Code)
(813) 871-4811
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Registrant's Telephone Number, including area code
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(Former name, former address and former fiscal year, if changed since last
report)
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Item 5. Other Events
Documents incorporated by Reference
The consolidated financial statements of Ambac Assurance Corporation as of
December 31, 1997 and 1996, and for each of the years in the three-year period
ended December 31, 1997, included in the Annual Report on Form 10-K of Ambac
Financial Group, Inc. (which was filed with the Securities and Exchange
Commission on March 31, 1998) are hereby incorporated by reference in (i) this
Current Report on Form 8-K; (ii) the registration statement (No. 333-58995) of
the Registrant; and (iii) the Prospectus Supplement and Prospectus relating to
Mid-State Trust VII, Asset-Backed Notes, and shall be deemed to be part hereof
and thereof.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits
Item 601(a)
of Regulation S-K
Exhibit No. Description
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(EX-23) Consent of KPMG Peat Marwick
LLP, independent Certified
Public Accountants of Ambac
Assurance Corporation in
connection with Mid-State Trust
VII, Asset-Backed Notes
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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.
MID-STATE HOMES, INC.
November 30, 1998
By: /s/ Dean Fjelstul
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Dean Fjelstul
Vice President
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INDEX TO EXHIBITS
Paper (P) or
Exhibit No. Description Electronic (E)
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(EX-23) Consent of KPMG Peat Marwick E
LLP, independent Certified
Public Accountants of Ambac
Assurance Corporation in
connection with Mid-State Trust VII,
Asset-Backed Notes
INDEPENDENT AUDITORS' CONSENT
The Board of Directors
Ambac Assurance Corporation:
We consent to the incorporation by reference in the registration statement (No.
333-58995) of Mid-State Homes Inc. (the "Registrant"), and in the Prospectus
Supplement of the Registrant (the "Prospectus Supplement"), via the Form 8-K of
the Registrant dated November 30, 1998 of our report dated January 29, 1998 on
the consolidated financial statements of Ambac Assurance Corporation as of
December 31, 1997 and 1996, and for each of the years in the three-year period
ended December 31, 1997, which report appears in the Form 10-K of Ambac
Financial Group, Inc. dated March 31, 1998 and to the reference to our firm
under the heading "Experts" in the Prospectus Supplement.
/s/ KPMG Peat Marwick LLP
New York, New York
November 30, 1998
