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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):  November 10, 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  November 10,  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  $200,000,000 aggregate  principal amount of  the Company's  7.70%
Senior  Notes  due  November  15,  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 November 10, 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  November 10,  1994 establishing  the terms  of the
                        Notes,  certified  by an  Assistant  Secretary of  the
                        Company. 

      4(b)              Form of 7.70% Senior Note due November 15, 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:   November 15, 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 November  10, 1994  establishing  the
                        terms  of the  Notes, certified  by  an Assistant
                        Secretary of the Company.

            4(b)        Form of 7.70% Senior Note due November 15, 1997.

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