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______________________________________________________________________
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported)
September 12, 1996
Aames Capital Corporation on behalf of Aames Mortgage Trust 1996-C
(Exact Name of Registrant as Specified in its Charter)
California 333-10185 95-4438859
(State of Incorporation) (Commission (I.R.S. Employer
File Number) Identification No.)
3731 Wilshire Boulevard 90010
Los Angeles, California (Zip Code)
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code: (213) 351-6100
No Change
(Former Name or Former Address, if Changed Since Last Report)
______________________________________________________________________
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The sole purpose of this Current Report on Form 8-K is to file the
consent of Coopers & Lybrand L.L.P., independent accountants to Financial
Security Assurance Inc. Financial Security Assurance Inc. will act as the
Certificate Insurer in connection with the proposed offering of the Aames
Mortgage Trust 1996-C Mortgage Pass-Through Certificates, Series 1996-C.
Item 7. Financial Statements; Pro Forma Financial Information and
Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
23.1 Consent of Coopers & Lybrand L.L.P.
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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 hereunto duly authorized.
AAMES CAPITAL CORPORATION
By: /s/ Mark E. Elbaum
-------------------------------------
Mark E. Elbaum
Senior Vice President -- Finance
Dated: September 12, 1996
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EXHIBIT 23.1
[COOPERS & LYBRAND L.L.P. LETTERHEAD]
CONSENT of INDEPENDENT ACCOUNTS
________
We consent to the incorporation by reference in the Prospectus Supplement dated
September 11, 1996, (to Prospectus dated September 11, 1996) of Aames Capital
Corporation, relating to the Mortgage Pass-Through Certificates, Series 1996-C
of Aames Mortgage Trust 1996-C of our report dated January 17, 1996, on our
audits of the consolidated financial statements of Financial Security Assurance
Inc. and Subsidiaries as of December 31, 1995 and 1994, and for each of the
three years in the period ended December 31, 1995. We also consent to the
reference to our Firm under the caption "Experts".
/s/ COOPERS & LYBRAND L.L.P.
New York, New York
September 12, 1996
