UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Holt, Dennis
Western International Media
8544 Sunset Blvd.
Los Angeles, CA 90069
USA
2. Date of Event Requiring Statement (Month/Day/Year)
12/30/95
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Aames Financial Corporation
AAM
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
Director
6. If Amendment, Date of Original (Month/Day/Year)
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>
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Table I -- Non-Derivative Securities Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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<S> <C> <C> <C>
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<CAPTION>
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
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<S> <C> <C> <C> <C> <C> <C> <C>
Option to Purchase Commo|* |12/30/06 |Common Stock |22,500** |$12.33** |D | |
n Stock | | | | | | | |
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</TABLE>
Explanation of Responses:
*The option vests one-fifth (1/5th) on December 30, 1996 and one-sixtieth
(1/60th) at the beginning of each
calendar month thereafter until fully
vested.
**Option shares and exercise price have been adjusted for a 3-for-2 stock split
in the form of a stock dividend paid
on May 17, 1996 and a 3-for-2 stock split in the form of a stock divident paid
on February 21, 1997.
SIGNATURE OF REPORTING PERSON
Dennis Holt
