FORM 3
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange
Act of 1934, Section 17(a) of the Public Utility Holding Company
Act of 1935 or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person
Cargill Financial Services Corporation
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(Last) (First) (Middle)
6000 Clearwater Drive
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(Street)
Minnetonka Minnesota 55343-9497
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(City) (State) (Zip)
2. Date of Event Requiring
Statement (Month/Day/Year) 5/16/96
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3. IRS or Social Security Number of
Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
ACC Consumer Finance Corporation (ACCI)
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5. Relationship of Reporting Person to Issuer (Check all applicable)
..... Director ..X.. 10% Owner
..... Officer (give title below) ..... Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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FORM 3 (continued)
<TABLE>
<CAPTION>
Table I -- Non-Derivative Securities Beneficially Owned
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1. Title of Security (Instr. 4) 2. Amount of 3. Ownership 4. Nature of Indirect Bene-
Securities Bene- Form: Direct (D) ficial Ownership (Instr. 5)
ficially Owned or Indirect (I)
(Instr. 4) (Instr. 5)
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<S> <C> <C> <C>
Common Stock 39,008 D
</TABLE>
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FORM 3 (continued)<TABLE>
<CAPTION>
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities
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5. Owner-
2. Date 3. Title and Amount of 4. Con- ship Form
Exercisable and Securities Underlying version of Deriv-
Expiration Date Derivative Security or Exer- ative 6. Nature
(Month/Day/Year) (Instr. 4) cise Security: of Indi-
---------------- ---------------------- Price of Direct (D) rect Bene-
Date Expira- Amount or Deriva- or Indi- ficial
1. Title of Derivative Exer- tion Number of tive rect (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Inst. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Series A Preferred Stock Immed. Common Stock 36,424 23 for 1 D
* (Convertible)
Series B Preferred Stock Immed. Common Stock 1,732 23 for 1 D
* (Convertible)
Series C Preferred Stock Immed. Common Stock 1,798 23 for 1 D
* (Convertible)
Explanation of Responses:
* Will automatically convert into Common Stock subject to closing of the initial public offering.
** Intentional misstatements or omissions of facts /s/ Jeffrey C. Hilligoss 5/14/96
constitute Federal Criminal Violations. ----------------------------------- --------
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ** Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed. If space provided is
insufficient, See Instruction 6 for procedure.
</TABLE>
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