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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: August 31, 1998
(Date of earliest event reported)
FIRSTPLUS HOME LOAN OWNER TRUST 1998-3
(Issuer with respect to the Securities)
FIRSTPLUS INVESTMENT CORPORATION
(Originator of the Trust described herein)
(Exact name of Registrant as specified in its charter)
Nevada 333-26527 75-2596063
(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
3773 Howard Hughes Parkway
Suite 300N
Las Vegas, Nevada 89109
(Address of Principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (702) 866-2236
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Item 5. Other Events.
Reference is hereby made to Amendment No. 1 to the Registrant's
Registration Statement on Form S-3 (File No. 333-26527) filed with the
Securities and Exchange Commission (the "Commission") on May 22, 1997 (the
"Registration Statement"), pursuant to which the Registrant registered
$5,000,000,000 aggregate principal amount of its asset backed securities,
issuable in various series, for sale in accordance with the provisions of the
Securities Act of 1933, as amended (the "Act"). Reference is also hereby made to
the Prospectus dated September 10, 1997 and the related Prospectus Supplement,
dated May 13, 1998 (collectively, the "Prospectus"), which were previously filed
with the Commission pursuant to Rule 424(b)(5), with respect to the FIRSTPLUS
HOME LOAN OWNER TRUST 1998-3 Asset Backed Notes, Series 1998-3, consisting of
the following classes of Asset Backed Notes (collectively, the "Offered
Securities"): (i) Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4
Notes, Class A-5 Notes, Class A-6 Notes, Class A-7 Notes, Class A-8 Notes, Class
M-1 Notes and Class M-2 Notes.
The Notes were issued pursuant to an Indenture dated as of May 1, 1998
(the "Indenture") between FIRSTPLUS HOME LOAN OWNER TRUST 1998-3 (the "Issuer"
or the "Trust") and U.S. Bank National Association, as Indenture Trustee and
Co-Owner Trustee (the "Indenture Trustee" and "Co-Owner Trustee"). The Notes are
secured by the assets of the Trust pursuant to the Indenture.
The Registrant is filing this Current Report on Form 8-K for the
purpose of filing the Servicer's Monthly Statement (as such term is defined in
the Sale and Servicing Agreement dated as of May 1, 1998 among FIRSTPLUS
INVESTMENT CORPORATION, as Seller, FIRSTPLUS FINANCIAL, INC., as Transferor and
Servicer, FIRSTPLUS HOME LOAN OWNER TRUST 1998-3, as Issuer, and U.S. Bank
National Association, as Indenture Trustee and Co-Owner Trustee) for the month
of August 1998.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit No. Description
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99.1 Servicer's Monthly Statement (August 1998)
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Current Report on Form 8-K to be signed on
its behalf by the undersigned hereunto duly authorized.
FIRSTPLUS INVESTMENT CORPORATION
August 31, 1998 By: /s/ LEE REDDIN, VICE PRESIDENT
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Lee Reddin, Vice President
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INDEX TO EXHIBITS
Exhibit No. Description
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99.1 Servicer's Monthly Statement (August 1998)