Prospectus Supplement No. 18
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
Two American Lane
Greenwich, Connecticut 06836-2571
The Hotel Union - ILWU Pension Trust $ 10,000
c/o Susan Olifiers
Alliance Capital Management
1345 Avenue of the Americas, 40th Floor
New York, New York 10105
Equitable Life Assurance $300,000
Separate Account Convertibles
c/o Susan Olifiers
Alliance Capital Management
1345 Avenue of the Americas, 40th Floor
New York, New York 10105
Memphis Light, Water & Gas Retirement Fund $110,000
c/o Susan Olifiers
Alliance Capital Management
1345 Avenue of the Americas, 40th Floor
New York, New York 10105
The Hotel Union & Industry of Hawaii $ 40,000
c/o Susan Olifiers,
Alliance Capital Management
1345 Avenue of the Americas, 40th Floor
New York, New York 10105
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Selling Security Holder Principal Amount of Debentures
- ---------------------------------------- ------------------------------
Columbia / HCA Money Purchase Plan $ 80,000
c/o Susan Olifiers
Alliance Capital Management
1345 Avenue of the Americas, 40th Floor
New York, New York 10105
The Frist Foundation $ 25,000
c/o Susan Olifiers
Alliance Capital Management
1345 Avenue of the Americas, 40th Floor
New York, New York 10105
Equitable Life Assurance $ 40,000
Separate Account Balanced
c/o Susan Olifiers
Alliance Capital Management
1345 Avenue of the Americas, 40th Floor
New York, New York 10105
Hudson River Trust Balanced Account $185,000
c/o Susan Olifiers
Alliance Capital Management
1345 Avenue of the Americas, 40th Floor
New York, New York 10105
Hudson River Trust Growth Investors $110,000
c/o Susan Olifiers
Alliance Capital Management
1345 Avenue of the Americas, 40th Floor
New York, New York 10105
The date of this Prospectus Supplement is May 6, 1997.
