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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported) December 26, 1996
Trans-World Insurance Company d/b/a Educaid (as
Seller) on behalf of ClassNotes Trust 1995-I
(f/k/a Education Loan Alliance 1995-I).
Trans-World Insurance Company d/b/a Educaid, as Seller
(Exact name of registrant as specified in its charter)
Arizona 33-89200 86-0255348
(State or other (Commission (IRS Employer
jurisdiction of incorporation) File Number) ID Number)
3301 C Street, Suite 100-M, Sacramento, California 95816
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number,
including area code: (916) 446-5000
N/A
(Former name or former address, if changed since last report)
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Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
(c) Exhibits
Exhibit No.
23.1 Consent of KPMG Peat Marwick LLP,
dated as of December 26, 1996, in
connection with the consolidated
financial statements of AMBAC
Indemnity Corporation and
Subsidiaries.
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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.
CLASSNOTES TRUST 1995-I
(f/k/a EDUCATION LOAN ALLIANCE 1995-I)
By:
TRANS-WORLD INSURANCE COMPANY, Seller
By:/s/ Morton Dear
Name: Morton Dear
Title: Executive Vice President
of Trans-World Insurance Company
d/b/a Educaid
Dated: December 26, 1996
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EXHIBIT INDEX
Exhibit Description of Exhibit Page No.
23.1 Consent of KPMG Peat Marwick LLP,
dated as of December 26, 1996.....................................
INDEPENDENT AUDITORS' CONSENT
The Board of Directors
AMBAC Indemnity Corporation:
We consent to the incorporation by reference in the registration statement
(No. 33-89200) on Form S-3 of The Money Store Inc. and Trans-World Insurance
Company (d/b/a Educaid) of our report dated January 31, 1996, with respect to
the consolidated balance sheets of AMBAC Indemnity Corporation and subsidiaries
as of December 31, 1995 and 1994, and the related consolidated statements of
operations, stockholder's equity, and cash flows for each of the years in the
three-year period ended December 31, 1995, which report appears in the Form
8-K/A of AMBAC INC dated March 15, 1996, and to the reference to our firm under
the heading "Experts" in the Prospectus of The Money Store Inc. and Trans-World
Insurance Company (d/b/a Educaid) dated December 26, 1996.
Our report refers to accounting changes adopted by AMBAC Indemnity
Corporation in 1993, which include the Financial Accounting Standards Board's
Statements of Financial Accounting Standards No. 109, "Accounting for Income
Taxes," No. 115, "Accounting for Certain Investments in Debt and Equity
Securities," No. 106, "Employers' Accounting for Postretirement Benefits Other
Than Pension," and No. 112, "Employers' Accounting for Postemployment Benefits."
New York, New York
December 26, 1996
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