AFFINITY GROUP INC
8-K, 1998-11-20
AMUSEMENT & RECREATION SERVICES
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                                       FORM 8-K
                          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: November 18, 1998

                                 AFFINITY GROUP, INC.
                   Exact Name of Registrant as Specified in Charter


           DELAWARE                   0-22852                  13-3377709
(State or other jurisdiction        (Commission              (IRS Employer
        of corporation)             File Number)           Identification No.)


64 Inverness Drive East                                (303) 792-7284
Englewood, CO   80112                                  (Registrant's telephone
Address of principal executive offices                 number incl. area code)


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ITEM 5.   OTHER EVENTS

a)   Affinity Group, Inc. announced that, on November 18, 1998, notice was 
     given to redeem its $120 million of 11 1/2% Senior Subordinated Notes 
     due 2003.  The redemption date is December 18, 1998.  The notes will 
     be redeemed at 104.313% of par plus accrued interest to the date of 
     redemption.  The redemption is being funded from proceeds of a new 
     bank credit facility arranged by the Company.  A copy of the Notice 
     of Redemption is attached as Exhibit 99.1.


ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

     EXHIBITS

     Exhibit 99.1   Notice of Redemption of Affinity Group, Inc. 11 1/2% Senior
                    Subordinated Notes due 2003.


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                                  SIGNATURES

     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 thereunto duly authorized.
     
                                          
                                       AFFINITY GROUP, INC.

Date:  November 19, 1998               /s/  MARK J. BOGGESS
                                       Senior Vice President, CFO

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EXHIBIT 99.1

Notice of Redemption of Affinity Group, Inc. 11 1/2% Senior Subordinated Notes
due 2003.


                                                       *CUSIP # 00826KAA5

                                 NOTICE OF REDEMPTION

                                 AFFINITY GROUP, INC.

               11 1/2% Senior Subordinated Notes due 2003 (the "Notes")
                      Issued pursuant to an Indenture Dated as of
                             October 29, 1993, as amended

NOTICE IS HEREBY GIVEN pursuant to the provisions of Section 3.1 of Article 
III of the above-mentioned Indenture between Affinity Group, Inc. (the 
"Company"), and United States Trust Company of New York, as Trustee (the 
"Trustee"), through operation of the optional redemption provision set forth 
in Paragraph 5 of the Notes the Company has called for redemption on December 
18, 1998 (the "Redemption Date") all of the outstanding principal amount of 
Notes at a redemption price of 104.313% plus accrued interest to the 
Redemption Date of $20.125 per $1,000 principal amount of Notes (the 
"Redemption Price").

Unless the Company defaults in making such redemption payment, on and after 
December 18, 1998, interest on the Notes will cease to accrue.

For all purposes of the Indenture, the Notes called for redemption in 
accordance with the foregoing will be deemed to be no longer outstanding from 
and after December 18, 1998 and all rights with respect thereto, except as 
stated herein, will cease as of the close of business on that same date.

On the Redemption Date, the principal amount of the Notes called for 
redemption will become due and payable upon presentation of the Notes for 
payment as indicated below.

IN ORDER TO RECEIVE THE REDEMPTION PRICE, NOTES CALLED FOR REDEMPTION MUST BE 
SURRENDERED FOR PAYMENT AT ONE OF THE FOLLOWING LOCATIONS OF UNITED STATES 
TRUST COMPANY OF NEW YORK, THE TRUSTEE AND PAYING AGENT:

            By Hand                                   By Mail
            -------                                   -------
     (8:30 AM to 4:30 PM)                         
United States Trust Company                       United States Trust Company
     of New York                                       of New York
111 Broadway                                      P. O.  Box 844
New York, New York 10006                          Peter Cooper Station
Attn: Lower Level                                 New York, New York 10276-0844

                                BY OVERNIGHT COURIER
                                --------------------
                      United States Trust Company of New York
                      770 Broadway
                      New York, New York 10003
                      Attn.: Corporate Trust

For Notes presented and surrendered by mail, the use of Registered or Certified
Mail is suggested.

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                                         2.
                                          
Questions and requests for assistance may be directed to the Trustee and 
Paying Agent at 1 (800) 548-6565.

* No representation is made as to the correctness or accuracy of the CUSIP 
number listed in this notice or printed on the Notes.

     AFFINITY GROUP, INC.

By:  UNITED STATES TRUST COMPANY
     OF NEW YORK, Trustee


Dated: November 18, 1998


UNDER THE BACKUP WITHHOLDING PROVISIONS OF THE INTERNAL REVENUE CODE OF 1986 
(THE "CODE"), WE WILL BE REQUIRED TO WITHHOLD THIRTY ONE PERCENT (31%) OF ANY 
GROSS PAYMENT TO A HOLDER WHO FAILS TO PROVIDE US WITH A CERTIFIED TAXPAYER 
IDENTIFICATION NUMBER (EMPLOYER IDENTIFICATION NUMBER OR SOCIAL SECURITY 
NUMBER).  PLEASE COMPLETE THE ENCLOSED CERTIFICATION (SUBSTITUTE FORM W-9) 
(FOREIGN HOLDERS SHOULD COMPLETE FORM W-8) AND ATTACH IT TO THE NOTES BEING 
PRESENTED FOR REDEMPTION.  IF YOU ARE EXEMPT FROM BACK-UP WITHHOLDING UNDER 
THE CODE, PLEASE PROVIDE YOUR TAX IDENTIFICATION AND SO INDICATE IN PART II 
OF THE ENCLOSED FORM.



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