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
January 2, 1998
Date of Report (Date of earliest event reported)
AMERICA FIRST FINANCIAL FUND 1987-A LIMITED PARTNERSHIP
(Exact name of registrant as specified in Charter)
DELAWARE 0-16918 47-0713310
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1004 Farnam Street, Omaha, Nebraska 68102
(Address of principal executive offices) (Zip Code)
(402) 444-1630
(Registrant's telephone number, including area code)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
The information set forth under Item 5, below, is
incorporated by reference herein in its entirety.
ITEM 5. OTHER EVENTS
On January 2, 1998, America First Eureka Holdings,
Inc. (the "Company"), a Delaware corporation and a wholly
owned subsidiary of America First Financial Fund 1987-A Lim-
ited Partnership (the "Partnership"), a Delaware limited
partnership, was merged with and into Bay View Capital Corpo-
ration, a Delaware corporation ("Bay View"), pursuant to the
Agreement and Plan of Merger, dated as of May 8, 1997, by and
among the Company, the Partnership, America First Capital As-
sociates Limited Partnership Five (the general partner of the
Partnership) and Bay View. In the merger, the Partnership
received $90 million and 8,076,923 shares of common stock of
Bay View.
On January 2, 1998, the Partnership distributed (i)
approximately $70.4 million and 6,839,539 shares of Bay View
common stock to its BUC Holders and (ii) $ 12.3 million and
1,237,384 shares of Bay View common stock to its general
partner. The Partnership paid $10.0 million, and EurekaBank
paid approximately $11.5, to the Federal Deposit Insurance
Corporation (the "FDIC") to redeem preferred stock of Eureka-
Bank held by the FDIC and in satisfaction of certain contrac-
tual obligations of the Partnership and its subsidiaries.
A copy of a press release dated January 2, 1997 an-
nouncing completion of the merger and the making of the dis-
tribution is filed as Exhibit 99.1 hereto and is incorporated
herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND EXHIBITS
(b) Pro Forma Financial Information.
The required pro forma financial information is filed as
Exhibit 99.2 hereto and is incorporated herein by reference.
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(c) Exhibits.
The following exhibits are filed with this report:
Exhibit No. Description
99.1 Press Release dated January 2, 1998.
99.2 Pro Forma Financial Statements
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SIGNATURE
Pursuant to the requirements of the Securities Ex-
change Act of 1934, the Registrant has duly caused this re-
port to be signed on its behalf by the undersigned hereunto
duly authorized.
AMERICA FIRST FINANCIAL FUND
1987-A LIMITED PARTNERSHIP
By: America First Capital As-
sociates Limited Partnership
Five, General Partner of the
Registrant
By: AFCA-5 Management Corpora-
tion, General Partner of
America First Capital As-
sociates Limited Partnership
Five
Dated: January 16, 1998 By: \s\ George H. Krauss
George H. Krauss
Chairman of the Board of
Directors and Secretary
EXHIBIT INDEX
Exhibits.
99.1 Press Release dated January 2, 1998.
99.2 Pro Forma Financial Statements