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): June 23, 1998

                             BRYAN STEAM CORPORATION
             (Exact name of registrant as specified in its charter)

         NEW MEXICO                    0-3366                 35-0202050
 (State or other jurisdiction     (Commission File           (IRS Employer
    of incorporation)                  Number)             Identification No.)
                                                           UAC Securitization
                                                              Corporation

     POST OFFICE BOX 27
          PERU, IN                                             46970
    (address of principal                                    (zip code)
     executive offices)
     UAC Securitization Corporation

     Registrant's telephone number including area code     (765) 473-6651








Item 5.  Other Events.

The  Board of  Directors  of Bryan  Steam  Corporation  ("Registrant")  has been
approached by certain  significant  shareholders  who have expressed a desire to
have an  opportunuity  to liquidate  all or a portion of their  interests in the
Registrant. To explore alternatives that may be available to the Registrant, the
directors have solicited  expressions of interest  regarding a possible purchase
transaction from several parties,  including  management.  Discussions with such
parties,  if any, may occur from time to time.  The  Registrant  anticipates  no
material effect on its operations as a result of such  discussions.  There is no
assurance,  however, as to when or whether any offer for any of the Registrant's
shares may occur nor as to the terms of any such transaction.







                                      -2-


         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.

                                          BRYAN STEAM CORPORATION

                                          

Date: June 23, 1998                      
                                          -----------------------------------
                                          Albert J. Bishop
                                          Chairman