UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
CREDIT ACCEPTANCE CORPORATION
(Name of Issuer)
Common Stock
(Title of Class of Securities)
225310-10-1
(CUSIP Number)
(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
/ /Rule 13d-1(b)
/ /Rule 13d-1(c)
/X/Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
SCHEDULE 13G
CUSIP No. 225310-10-1
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Donald A. Foss Revocable Living Trust dated January 26, 1984,
Donald A. Foss Trustee
2 Check The Appropriate Box If A Member Of A Group* (a) [ ]
(b) [ ]
3 SEC Use Only
4 Citizenship or Place of Organization
Michigan
5 Sole Voting Power
23,822,574
Number Of
Shares 6 Shared Voting Power
Beneficially -0-
Owned By
Each 7 Sole Dispositive Power
Reporting 23,822,574
Person
With 8 Shared Dispositive Power
-0-
9 Aggregate Amount Beneficially Owned By Each Reporting Person
23,822,574
10 Check Box If The Aggregate Amount In Row (9) Excludes [ ]
Certain Shares*
11 Percent Of Class Represented By Amount In Row (9)
51.5%
12 Type Of Reporting Person*
00
* SEE INSTRUCTIONS BEFORE FILLING OUT
Item 1(a) Name of Issuer:
CREDIT ACCEPTANCE CORPORATION (the "Company")
Item 1(b) Address of Issuer's Principal Executive Offices:
25505 West Twelve Mile Road
Suite 3000
Southfield, Michigan 48034-8339
Item 2(a) Name of Person Filing:
Donald A. Foss Revocable Living Trust
Dated January 26, 1984,
Donald A. Foss Trustee
Item 2(b) Address of Principal Business Office:
25505 West Twelve Mile Road
Suite 3000
Southfield, Michigan 48034-8339
Item 2(c) Citizenship:
Michigan
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP No.: 225310-10-1
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b) or (c), check whether the person filing is a:
Not applicable.
Item 4. Ownership
(a) Amount Beneficially Owned as of December
31, 1998: 23,822,574
(b) Percent of Class: 51.5%
(c) Number of shares as to which such person
has:
(i) sole power to vote or to direct the
vote - 23,822,574
(ii) shared power to vote or to direct
the vote - 0
(iii) sole power to dispose or to direct
the disposition of
- 23,822,574
(iv) shared power to dispose or to
direct the disposition of - 0
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company
Not applicable.
Item 8. Identification and Classification of Members of the Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certifications
Not applicable.
Signature
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete
and correct.
Date: June 8, 1999
Donald A. Foss Revocable Living Trust
Dated January 26, 1984
By: /S/Donald A. Foss
-----------------------
Donald A. Foss, Trustee
