MERCURY FINANCE CO
8-K, 1998-02-17
PERSONAL CREDIT INSTITUTIONS
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                       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 (Date of earliest event reported) February 12, 1998

                             Mercury Finance Company
               (Exact name of registrant as specified in charter)


        Delaware                     1-10176          36-3627010
(State of other jurisdiction       (Commission       (IRS Employer
   of incorporation)               File Number)     Identification No.)



100 Field Drive, Lake Forest, Illinois                      60045
(Address of principal executive offices)                 (Zip Code)



Registrant's telephone number, including area code (847) 295-8600 





                                       N/A
          (Former name or former address, if changed since last report)



Item 5.   Other Events.

     On February 12, 1998, the Registrant issued a press release, a copy of
which is attached as Exhibit 99.1 to this Form 8-K and incorporated herein by
reference.


Item 7.   Financial Statements and Exhibits.

     (c)  Exhibits.

          Exhibit No.    Description of Document

          99.1           Press release dated February 12, 1998 issued by the
                         Registrant.



                                   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.

                              Mercury Finance Company

Date:  February 17, 1998      By:  /s/ Patrick J. O'Malley
                              Its: ASSISTANT SECRETARY








          FOR IMMEDIATE RELEASE

          Contact:
          Jim Fitzpatrick
          The Dilenschneider Group
          312-553-0700




                              MERCURY FINANCE ANNOUNCES
                             RESIGNATION OF JOHN BRINCAT


                    CHICAGO, Feb. 12 - Mercury Finance Company (NYSE: MFN)
          today announced the resignation of John N. Brincat as an employee
          of the company and as a member of the board of directors
          effective December 1, 1997.  Mr. Brincat served as chief
          executive officer of Mercury Finance from 1985 until February 3,
          1997.  In connection with his resignation, Brincat voluntarily
          agreed to repay Mercury Finance certain bonus amounts based on
          the company's restated results from operations for the years 1996
          and 1995.

                                        # # #




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