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                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549




                                   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):  May 17, 1994



                     AMERICAN GENERAL FINANCE CORPORATION
            (Exact Name of Registrant as Specified in its Charter)



            Indiana                1-6155                35-0416090
         (State or Other      (Commission File         (IRS Employer 
         Jurisdiction of          Number)              Identification
         Incorporation)                                   Number)


            601 N.W. Second Street, Evansville, IN        47708
           (Address of Principal Executive Offices)     (Zip Code)




     Registrant's telephone number, including area code:   (812) 424-8031


                                                                              
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Item 5.     Other Events.

      On May 17,  1994, a  duly authorized Committee  (the "Terms and  Pricing
Committee")  of the Board of Directors of American General Finance Corporation
(the  "Company") authorized the issuance in an underwritten public offering of
$150,000,000 aggregate principal amount  of the Company's 6 5/8%  Senior Notes
due   June  1,  1997  (the  "Notes")  under  the  Company's  previously  filed
Registration   Statement  on   Form  S-3   (Registration  No. 33-57910)   (the
"Registration Statement") and the  related Prospectus dated March 1,  1993 and
Prospectus Supplement dated May 17, 1994. 


Item 7.     Financial   Statements,  Pro   Forma  Financial   Information  and
            Exhibits.

      (c)   Exhibits.  The following Exhibits are filed as part of this Report
            and as Exhibits to the Registration Statement:


      Exhibit
      Number                              Description                     

      4(a)              Resolutions of the Terms and Pricing Committee adopted
                        on May 17,  1994 establishing the terms of  the Notes,
                        certified by an Assistant Secretary of the Company. 

      4(b)              Form of 6 5/8% Senior Note due June 1, 1997.

      5                 Opinion of  Baker &  Daniels, special counsel  for the
                        Company, as to the legality of the Notes.  









                                  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.  

                                       AMERICAN GENERAL FINANCE CORPORATION



Dated:   May 20, 1994                  By: /S/ LEONARD J. WINIGER            
                                           Leonard J. Winiger
                                           Assistant Controller and
                                           Assistant Secretary












                                 EXHIBIT INDEX


                        
            Exhibit
            Number                     Description                       

            4(a)        Resolutions  of the  Terms and  Pricing Committee
                        adopted on May 17, 1994 establishing the terms of
                        the Notes, certified by an Assistant Secretary of
                        the Company.

            4(b)        Form of 6 5/8% Senior Note due June 1, 1997.

            5           Opinion of  Baker & Daniels,  special counsel for
                        the Company, as to the legality of the Notes.