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
Dobkin, Eric S.
c/o Goldman, Sachs & Co.
85 Broad Street
New York, NY 10004
USA
2. Issuer Name and Ticker or Trading Symbol
Associates First Capital Corporation
AFS
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
10/31/1999
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
______________________________________________________________________________
_____________________________________________________
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially
Owned |
______________________________________________________________________________
_____________________________________________________|
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)| |
______________________________________________________________________________
_____________________________________________________|
<S> <C> <C> <C><C> <C> <C>
<C> <C> <C>
Class A Common Stock |10/19/|P | |5,000 |A |$32.75
|9,000 |D | |
|99 | | | | | |
| | |
- ------------------------------------------------------------------------------
- -----------------------------------------------------|
______________________________________________________________________________
_____________________________________________________|
<CAPTION>
______________________________________________________________________________
_____________________________________________________
Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially
Owned |
______________________________________________________________________________
_____________________________________________________|
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)| |
______________________________________________________________________________
_____________________________________________________|
<S> <C> <C> <C> <C><C> <C> <C> <C> <C>
<C> <C> <C> <C> <C>
| | | | | | | | |
| | | | | |
______________________________________________________________________________
_____________________________________________________|
</TABLE>
Explanation of Responses:
SIGNATURE OF REPORTING PERSON
Frederic C. Liskow on behalf of Eric S. Dobkin
DATE
November 9, 1999