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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): March 9,
1999



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



Indiana                    1-6155                 35-0416090
(State or Other       (Commission File         (IRS Employer
Jurisdiction of           Number)             Identification
Incorporation)                                          No.)


        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 March 9, 1999, 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 5.80% Senior
Notes due March 15, 2002 (the "Notes") under the Company's
previously filed Registration Statement on Form S-3
(Registration No. 333-28925), as amended by Amendment No. 1
on July 1, 1997 (the "Registration Statement"), and the
related Prospectus dated July 2, 1997 and Prospectus
Supplement dated March 9, 1999. 


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 March 9, 1999
                establishing the terms of the Notes,
                certified by an Assistant Secretary of the
                Company. 

 4(b)           Form of 5.80% Senior Note due March 15, 2002

 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.


Dated:  March 11, 1999

                     AMERICAN GENERAL FINANCE CORPORATION

                     By: /S/ GEORGE W. SCHMIDT 
                         George W. Schmidt
                         Controller and Assistant Secretary





                       EXHIBIT INDEX



Exhibit
Number     Description

4(a)  Resolutions of the Terms and Pricing Committee adopted
      on March 9, 1999 establishing the terms of the Notes,
      certified by an Assistant Secretary of the Company.

4(b)  Form of 5.80% Senior Note due March 15, 2002.

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