AEGIS CONSUMER FUNDING GROUP INC
4, 1998-07-24
PERSONAL CREDIT INSTITUTIONS
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                                                /        OMB APPROVAL          /
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                                                / OMB Number:        3235-0287 /
                                                / Expires:  September 30, 1998 /
                                                / Estimated average burden     /
                                                / hours per response...... 0.5 /
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+--------+
| FORM 4 |                       U.S. SECURITIES AND EXCHANGE COMMISSION
+--------+                               Washington, D.C. 20549
[_] Check this box if          
    no longer subject         STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 
    to Section 16. 
    Form 4 or Form 5       Filed pursuant to Section 16(a) of the Securities 
    obligations may           Exchange Act of 1934, Section 17(a) of the     
    continue. See            Public Utility Holding Company Act of 1935 or   
    Instruction 1(b).      Section 30(f) of the Investment Company Act of 1940

(Print or Type Responses)
 
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1.  Name and Address of Reporting Person*

    PCG Management, Inc.
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        (Last)                      (First)                        (Middle)

    150 El Camino Drive, Suite 204
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                                   (Street)

    Beverly Hills                     CA                              90212
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        (City)                      (State)                           (Zip)


2.  Issuer Name and Ticker or Trading Symbol   The Aegis Consumer Funding Group,
                                               Inc. "ACAR"
                                             -----------------------------------

3.  IRS or Identification Number of Reporting Person if an entity 
    (Voluntary)   
                --------------

4.  Statement for Month/Year                      7/98
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5.  If Amendment, Date of Original (Month/Year)
                                               ---------------------------------

 
6.  Relationship of Reporting Person(s) to Issuer (Check all applicable)
                                               

    [ ] Director    [ ] Officer             [X] 10% Owner    [ ] Other
                        (give title below)                       (specify below)

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7.  Individual or Joint/Group Filing (Check Applicable Line)
    
      X  Form filed by One Reporting Person
    ---- 
         Form filed by More than One Reporting Person
    ----

TABLE I--NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED

<TABLE> 
<CAPTION> 
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1. Title              2. Trans-  3. Trans-       4. Securities Acquired (A)        5. Amount of         6. Owner-     7. Nature
   of                    action     action          or Disposed of (D)                Securities           ship          of In-
   Security              Date       Code            (Instr. 3, 4 and 5)               Beneficially         Form:         direct
   (Instr. 3)            (Month/    (Instr. 8)                                        Owned at             Direct        Bene-
                         Day/    -----------------------------------------------      End of               (D) or        ficial
                         Year)                                                        Month                Indirect      Owner-
                                  Code       V   Amount        (A) or    Price        (Instr. 3 and 4)     (I)           ship
                                                               (D)                                         (Instr. 4)    (Instr. 4)
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<S>                   <C>        <C>         <C> <C>           <C>       <C>       <C>                  <C>           <C>

Common Stock Par
 Value $.01 Per Share    7/17/98   J*            3,065,341      D         N/A*            -0-
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*Transferred all shares of Common Stock to GKW United Holdings, LLC, a Delaware Limited Liability Company, on July 17, 1998, an 
affiliate of PCG Management, Inc.

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</TABLE> 
Reminder: Report on a separate line for each class of securities beneficially 
owned directly or indirectly. 
* If this form is filed by more than one reporting person, see Instruction 
  4(b)(v).
<PAGE>
 
FORM 4 (continued)

  TABLE II--DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
        (e.g., puts, calls, warrants, options, convertible securities)

<TABLE> 
<CAPTION> 
- -----------------------------------------------------------------------------------------------------------------------------
 1. Title of Derivative            2. Conver-          3. Trans-           4. Transac-            5. Number of Deriv-        
    Security (Instr. 3)               sion or             action              tion Code              ative Securities        
                                      Exercise            Date                (Instr. 8)             Acquired (A) or         
                                      Price of            (Month/                                    Disposed of (D)         
                                      Deriv-              Day/                                       (Instr. 3, 4, and 5)    
                                      ative               Year)                                                              
                                      Security                                                                               

                                                                           ---------------------------------------------------
                                                                           Code      V                 (A)         (D)        

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<S>                                <C>                 <C>                 <C>       <C>          <C>              <C> 
                             
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</TABLE> 

 TABLE II--DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
   (e.g., puts, calls, warrants, options, convertible securities)--CONTINUED
<TABLE> 
<CAPTION> 
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                              6. Date Exer-     7. Title and Amount of       8. Price    9. Number       10. Owner-    11. Na-
                                 cisable and       Underlying Securities        of          of Deriv-        ship          ture
                                 Expiration        (Instr. 3 and 4)             Deriv-      ative            Form          of In-
                                 Date                                           ative       Secur-           of De-        direct
                                 (Month/Day/                                    Secur-      ities            rivative      Bene-
                                 Year)                                          ity         Bene-            Secu-         ficial
                                                                                (Instr.     ficially         rity:         Owner-
                               --------------------------------------------     5)          Owned            Direct        ship
                               Date     Expira-              Amount or                      at End           (D) or        (Instr. 
                               Exer-    tion         Title   Number of                      of               Indi-         4)
                               cisable  Date                 Shares                         Month            rect (1)
                                                                                            (Instr. 4)       (Instr. 4)
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<S>                           <C>       <C>     <C>          <C>             <C>         <C>             <C>           <C> 

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</TABLE>           

Explanation of Responses:

**Intentional misstatements or omissions of facts constitute Federal Criminal
  Violations. 
  See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:  File three copies of this Form, one of which must be manually signed.
       If space provided is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently 
valid OMB Number.

                              /s/ Gary Winnick                     7/22/98
                              -------------------------------  -----------------
                              **Signature of Reporting Person        Date
                              Gary Winnick
                              President and Chief
                              Executive Officer


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