PARAGON AUTO RECEIVABLES CORP, 305B2, 1999-03-23

PARAGON AUTO RECEIVABLES CORP
305B2, 1999-03-23
ASSET-BACKED SECURITIES

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March 23, 1999

Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549

Re:      Paragon Auto Receivables Corporation
         Form T-1 (filed under Form 8-K) to Form S-3
         File No. 333-63697


Ladies and Gentlemen:

Pursuant to Rule 305(b)(2) promulgated under the Trust Indenture Act, as
amended, Paragon Auto Receivables Corporation hereby requests that the
effectiveness of the above referenced Form T-1 be accelerated so that such
Form T-1 will become effective by 5:00 p.m., Washington, D.C. time, on
Friday, March 26, 1999.

Very truly yours,

PARAGON AUTO RECEIVABLES CORPORATION

By: /s/ Nancy C. Ferguson 
- ---------------------------------   
Name:   Nancy C. Ferguson
Title:  Vice President

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