______________________________________________________________________________
______________________________________________________________________________



                      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 5, 1995



                     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


                                                                              
______________________________________________________________________________
______________________________________________________________________________
       







Item 5.     Other Events.

      On May  5, 1995,  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 1/4%  Senior Notes
due   May  15,  2005  (the  "Notes")  under  the  Company's  previously  filed
Registration Statement on Form S-3  (Registration No. 33-55803), as amended by
Amendment No.  1 on December  9, 1994  (the "Registration Statement")  and the
related  Prospectus dated  December 14, 1994  and Prospectus  Supplement dated
May 5, 1995. 


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 5,  1995 establishing the  terms of the  Notes,
                        certified by an Assistant Secretary of the Company. 

      4(b)              Form of 7 1/4% Senior Note due May 15, 2005.

      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 9, 1995                      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 5,  1995 establishing the terms of
                        the Notes, certified by an Assistant Secretary of
                        the Company.

            4(b)        Form of 7 1/4% Senior Note due May 15, 2005.

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