1
                                                                     EXHIBIT 3.7


                       CERTIFICATE OF INCORPORATION

                                    OF

                        KAISER FINANCE CORPORATION


     1. The name of the corporation is Kaiser Finance Corporation

     2. The address of the corporation's registered office in the State of
Delaware is Corporation Trust Center, 1209 Orange Street, in the City of
Wilmington, County of New Castle. The name of its registered agent at such
address is The Corporation Trust Company.

     3. The nature of the business or purposes to be conducted or promoted is
to engage in any lawful act or activity for which corporations may be organized
under the General Corporation Law of Delaware.

     4. The total number of shares of Common stock which the corporation shall
have authority to issue is Ten Thousand (10,000), and the par value of each of
such shares of Common stock shall be One Dollar ($1.00), amounting in the
aggregate to Ten Thousand Dollars ($10,000.00).

     5. The board of directors is authorized to make, alter or repeal the
by-laws of the corporation. Election of directors need not be by written
ballot.

     6. The name and mailing address of the incorporator is:

     John A. Moore
     Kaiser Center
     300 Lakeside Drive
     Oakland, California 94643

     I, THE UNDERSIGNED, being the incorporator hereinbefore named, for the
purpose of forming a corporation pursuant to the General Corporation Law of
Delaware, do make this certificate, hereby declaring and certifying that this
is my act and deed and the facts herein stated are true, and accordingly have
hereunto set my hand this 26th day of April, 1990.


                                               /s/ JOHN A. MOORE
                                        -------------------------------------
                                                   John A. Moore