SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1998
Purpose: To supplement in part Part IV, Item 14(c) of Company's
previously filed Form 10-K in order to file as an exhibit
the Annual Servicing Report of Company's Independent
Public Accountants.
Commission File Nos. 0-20693
REVOLVING HOME EQUITY LOAN TRUST 1995-1
(Exact name of Registrant as specified in Department
of the Treasury, Internal Revenue Service Form SS-4)
HOUSEHOLD FINANCE CORPORATION
(Servicer of the Trust)
(Exact name as specified in Servicer's charter)
DELAWARE 36-3670374
(State or other jurisdiction of (I.R.S. Employer Identification
incorporation of Servicer) Number of Registrant
2700 SANDERS ROAD, PROSPECT HEIGHTS, ILLINOIS 60070
(Address of principal executive offices of (Zip Code)
Servicer)
Servicer's telephone number, including area code (847) 564-5000
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Servicer has duly caused this
amendment to be signed on behalf of the Revolving Home Equity Loan
Trust 1995-1 by the undersigned, thereunto duly authorized.
HOUSEHOLD FINANCE CORPORATION,
as Servicer of and on behalf of the
REVOLVING HOME EQUITY LOAN TRUST 1995-1
(Registrant)
Date: May 4, 1998 By:/s/John W. Blenke
John W. Blenke
Assistant Secretary
U:\WP\HFS088\95-10K\RHEL95-1.AMD
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Servicer has duly caused this
amendment to be signed on behalf of the Revolving Home Equity Loan
Trust 1995-1 by the undersigned, thereunto duly authorized.
HOUSEHOLD FINANCE CORPORATION,
as Servicer of and on behalf of the
REVOLVING HOME EQUITY LOAN TRUST 1995-1
(Registrant)
Date: May 4, 1998 By:
John W. Blenke
Assistant Secretary
<PAGE>
Exhibit Index
Exhibit No. Exhibit Page No.
99 Copy of Independent Public Accountants 4
Annual Servicing Report dated January 20,
1999.
Report of Independent Public Accountants
To Household Finance Corporation:
We have audited, in accordance with generally accepted
auditing standards, the consolidated financial statements of
Household Finance Corporation (the "Company") and
subsidiaries as of December 31, 1998 and have issued our
report thereon dated January 20, 1999. We have not audited
any financial statements of the Company as of any date or
for any period subsequent to December 31, 1998, or performed
any audit procedures subsequent to the date of our report on
those statements.
In connection with our audit, nothing came to our attention
that caused us to believe that the Company was not in
compliance with any of the terms, covenants, provisions, or
conditions of the Pooling and Servicing Agreement (the
"Agreement"), dated November 1, 1995, in conjunction with
the Revolving Home Equity Loan Asset Backed Certificates
Series 1995-2 insofar as they relate to accounting matters.
It should be noted, however, that our audit was not directed
primarily toward obtaining knowledge of such noncompliance.
As a part of our audit, we made a study and evaluation of
the Company's system of internal accounting controls over
the Company's home equity loan portfolio, including those
loans serviced under the Agreement to the extent we
considered necessary to evaluate the system as required by
generally accepted auditing standards. In accordance with
these standards, the purpose of our study and evaluation,
which included obtaining an understanding of the accounting
systems, was to determine the nature, timing and extent of
the auditing procedures necessary for expressing an opinion
on the financial statements. Our study and evaluation also
took into consideration certain of the criteria and audit
requirements in the Audit Guide for Audits of Non-Supervised
Mortgages Approved by the Department of Housing and Urban
Development. However, certain procedures included in the
audit guide are not applicable to the home equity loans
being serviced for the Trustee, and therefore, were not
performed.
Our audit disclosed no exceptions or errors in records
relating to home equity loans serviced for the Trustee that,
in our opinion, Section 3.10 of the Agreement required us to
report.
This report is intended solely for the information and use
of the Board of Directors and management of the Company and
should not be used for any other purpose.
ARTHUR ANDERSEN LLP
Chicago, Illinois
January 20, 1999
