FGIC SECURITIES PURCHASE INC
8-K, 2000-06-28
FINANCE SERVICES
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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): June 21, 2000
                                                          -------------


                        FGIC SECURITIES PURCHASE, INC.
                        ------------------------------
            (Exact name of Registrant as specified in its charter)



           Delaware                     0-19564                  13-3633082
          --------------------------------------------------------------------
         (State or other             (Commission             (I.R.S. Employer
          jurisdiction of            File Number)          Identification No.)
          incorporation)


                    115 Broadway, New York, New York 10006
                    --------------------------------------
             (Address of principal executive officers) (Zip Code)



      Registrant's telephone number, including area code: (212) 312-3000
                                                          --------------


<PAGE>


Item 5.      Other Events
-------      ------------

         An exhibit is filed herewith in connection with the Registration
Statement on Form S-3 (File No. 333-43729) filed by FGIC Securities Purchase,
Inc. ("FGIC-SPI") with the Securities and Exchange Commission covering
Liquidity Facility Obligations in the principal amount of $1,000,000,000 plus
interest.

         The exhibit consists of the consent of KPMG LLP relating to (i) the
incorporation by reference of their report dated February 4, 1999 relating to
the financial statements and schedules of General Electric Capital Corporation
("GE Capital") and consolidated affiliates as of December 31, 1999 and 1998
and for each of the years in the three-year period ended December 31, 1999,
appearing in GE Capital's Annual Report on Form 10-K for the year ended
December 31, 1999; and (ii) the reference to them under Experts in the
Prospectus Supplement relating to the Liquidity Facility of FGIC Securities
Purchase, Inc. in support of (i) $27,000,000 principal amount plus interest
Liquidity Facility in support of Board of Supervisors of Louisiana State
University and Agricultural and Mechanical College Auxiliary Revenue Bonds,
Series 2000


Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits
-------  ------------------------------------------------------------------

                                   EXHIBITS

                  Item 601 of
                  Regulation S-K
                  Exhibit Reference
                  Number
                  ------

                  (23)                Consents of experts and counsel:

                                      (k)    Consent of KPMG LLP



<PAGE>


                                   SIGNATURE



         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, thereto duly authorized.

                                           FGIC SECURITIES PURCHASE, INC.
                                           ------------------------------
                                                  (Registrant)




                                                By: Steven P. Natko
                                                    ----------------
                                                Name: Steven P. Natko



Dated: May 26, 2000


<PAGE>




                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549









                        FGIC SECURITIES PURCHASE, INC.








                         EXHIBITS TO CURRENT REPORT ON
                          FORM 8-K DATED May 18, 2000








                                             Commission File Number 0-19564


<PAGE>






                                 Exhibit Index



Exhibit No.       Description                                         Page
-----------       -----------                                         ----

(23)                  Consents of experts and counsel:                  6

                             (k)     Consent of KPMG LLP



<PAGE>





                                                          Exhibit (23)(k)



To the Board of Directors
General Electric Capital Corporation

         We consent to incorporation by reference in the Prospectus Supplement
for FGIC Securities Purchase, Inc. relating to the $27,000,000 principal
amount plus interest Liquidity Facility in support of Board of Supervisors of
Louisiana State University and Agricultural and Mechanical College Auxiliary
Revenue Bonds, Series 2000 (the "Prospectus Supplement") of our report dated
February 4, 2000 relating to the statement of financial position of General
Electric Capital Corporation and consolidated affiliates as of December 31,
1999 and 1998, and the related statements of earnings, changes in share
owners' equity and cash flows for each of the years in the three-year period
ended December 31, 1999, and the related schedule, which report appears in the
December 31, 1999 annual report on Form 10-K of General Electric Capital
Corporation.


         We also consent to the reference to our firm under the heading
"Experts" in the Prospectus Supplement.



Stamford, Connecticut
June 28, 2000




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