<PAGE> 1
-----------------------------------------------
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):
March 18, 1997
Aames Capital Corporation on behalf of Aames Mortgage Trust 1997-A
------------------------------------------------------------------------
(Exact Name of Registrant as Specified in its Charter)
California 333-21219 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)
-----------------------------------------------
<PAGE> 2
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 MBIA Insurance
Corporation. MBIA Insurance Corporation will act as the Certificate Insurer in
connection with the proposed offering of the Aames Mortgage Trust 1997-A
Mortgage Pass-Through Certificates, Series 1997-A.
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.
<PAGE> 3
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: March 18, 1997
<PAGE> 1
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in the Prospectus Supplement dated
March 18, 1997 (to Prospectus dated March 18, 1997) of Aames Capital
Corporation relating to the Mortgage Pass-Through Certificates, Series 1997-A
of Aames Mortgage Trust 1997-A, of our report dated January 22, 1996, on our
audits of the consolidated financial statements of MBIA Insurance Corporation
and Subsidiaries as of December 31, 1995 and 1994 and for the three years ended
December 31, 1995. We also consent to the reference to our Firm under the
caption "Report of Experts".
/s/ Coopers & Lybrand L.L.P.
March 18, 1997
New York, New York