Prospectus Supplement No. 24
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
----------------------------- ------------------------------
KA Management Limited $228,000
48 Par-La Ville Road, Suite 464
Hamilton, HM11, Bermuda
KA Trading L.P. $302,000
440 South LaSalle Street, Suite 700
Chicago, Illinois 60604
The date of this Prospectus Supplement is August 28, 1997.
