SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 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 5, 2002
                                                  ------------------------------



                         FGIC SECURITIES PURCHASE, INC.
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               (Exact Name of Registrant as Specified in Charter)




          Delaware                       0-19564                 13-3633082
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(State or Other Jurisdiction        (Commission File            (IRS Employer
      of Incorporation)                  Number)             Identification No.)


        125 Park Avenue, 5th Floor, New York, New York            10017
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(Address of Principal Executive Offices)                        (Zip Code)



Registrant's telephone number, including area code        (212) 312-3000
                                                   -----------------------------



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          (Former Name or Former Address, if Changed Since Last Report)




Item 5.  Other Events.
- ---------------------

     An exhibit is filed herewith in connection with the Registration  Statement
on Form S-3  (File  No.  333-71950)  filed  by FGIC  Securities  Purchase,  Inc.
("FGIC-SPI")  with the Securities  and Exchange  Commission  covering  Liquidity
Facility Obligations in the principal amount of $2,000,000,000 plus interest.

     The  exhibit  consists  of the  consent  of KPMG  LLP  relating  to (i) the
incorporation  by reference of their report dated  February 8, 2002  relating to
the financial  statements and schedules of General Electric Capital  Corporation
("GE Capital") and consolidated  affiliates as of December 31, 2001 and 2000 and
for each of the years in the three-year period ended December 31, 2001 appearing
in GE Capital's Annual Report on Form 10-K for the year ended December 31, 2001;
and (ii) the  reference  to them  under  Experts  in the  Prospectus  Supplement
relating to the $30,000,000 principal amount plus interest Liquidity Facility of
FGIC Securities  Purchase,  Inc. in support of Raleigh-Durham  Airport Authority
Adjustable Rate Airport Revenue Bonds, Series 2002 (AMT).


Item 7.  Exhibits.
- ------------------

             Item 601 of
             Regulation S-K
             Exhibit Reference
             Number
             ------

              (23) Consents of experts and counsel:
                      (k) Consent of KPMG LLP














                                    SIGNATURE

     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 thereunto duly authorized.


                                                FGIC SECURITIES PURCHASE, INC.
                                                ------------------------------
                                                          Registrant



Dated: June 5, 2002                             By:      /s/ Judith L. Hart
                                                         -----------------------
                                                         Name:    Judith L. Hart
                                                         Title:   Vice President















                                  Exhibit Index

   Exhibit No.     Description
   -----------     -----------

   (23)            Consents of experts and counsel:
                   (k) Consent of KPMG LLP