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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):  September 26, 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  September  26, 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 7% Senior
Notes due October 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 September 26, 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 September  26, 1994  establishing the terms  of the
                        Notes,  certified  by an  Assistant  Secretary of  the
                        Company. 

      4(b)              Form of 7% Senior Note due October 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: September 28, 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 September  26, 1994  establishing the
                        terms  of the  Notes, certified  by  an Assistant
                        Secretary of the Company.

            4(b)        Form of 7% Senior Note due October 1, 1997.

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