UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Hegarty, Kevin P.
250 E. Carpenter Freeway
Irving, TX 75062
2. Issuer Name and Ticker or Trading Symbol
Associates First Capital Corporation
AFS
3. IRS or Social Security Number of Reporting Person (Voluntary)
06-0876639
4. Statement for Month/Year
04/30/97
5. If Amendment, Date of Original (Month/Year)
05/08/97
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Senior Vice President, Comptroller and Principal Accounting Officer
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Class A Common Stock |4/15/9|P (1| |1.163 |A |$43.00 |2,854.359 |D | |
|7 |) | | | | | | | |
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Class A Common Stock |4/15/9|J (2|V|1.133 |A |$46.125 | |I |By 401(k) Plan |
|7 |) | | | | | | | |
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Class A Common Stock |4/30/9|J (2|V|0.9 |A |$51.25 |26.112 |I |By 401(k) Plan |
|7 |) | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | | | | |(3) | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
1. These shares were purchased through payroll deduction pursuant to the
company's employee stock
purchase
plan.
2. These shares were acquired under the exemption provided by Rule
16b-3(c).
3. On May 8, 1997, the reporting person mistakenly reported acquisitions of an
aggregate of 2.033 shares of
phantom stock units pursuant to the company's excess benefit plan that did not
in fact occur. As of April 30,
1997, the reporting person owned no shares of such phantom stock
units.
SIGNATURE OF REPORTING PERSON
Frederic C. Liskow on behalf of Kevin P. Hegarty
DATE
June 9, 1997
