Prospectus Supplement No. 15
The Prospectus dated November 14, 1996 (the "Prospectus") relating to the offer
for resale of up to $115,000,000 aggregate principal amount of 5.5%
Convertible Subordinated Debentures due 2006 of Aames Financial Corporation
(the "Company") and 6,160,713 shares of the common stock of the Company, par
value $0.001 per share, into which such Debentures are convertible is hereby
amended as follows:
The following entity is hereby named as a Selling Security Holder as
contemplated on page 33 of the Prospectus:
Selling Security Holder Principal Amount of Debentures
McMahan Securities Co., L.P. $500,000
591 West Putnam Avenue
Greenwich, Connecticut 06830
The date of this Prospectus Supplement is March 25, 1997.
