AEGIS CONSUMER FUNDING GROUP INC
RW, 1997-03-11
PERSONAL CREDIT INSTITUTIONS
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The Aegis Consumer Funding Group, Inc.
525 Washington Blvd.
Jersey City, New Jersey 07310

March 11, 1997

Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549

Re:  The Aegis Consumer Funding Group, Inc.
        Registration Statement on Form S-8

Ladies and Gentlemen:

The Aegis Consumer Funding Group, Inc., a Delaware corporation, is hereby 
withdrawing the electronic filing dated March 4, 1997 of the Registration 
Statement on Form S-8, together with the exhibits thereto, due to an error 
in the submission.

Please telephone the undersigned at (201) 418-7300 if you have any questions 
or need any additional information.

Very truly yours,

/s/ Gary D. Peiffer
Vice Chairman and General Counsel


cc:  National Association of Securities Dealers, Inc.


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