SECURITIES AND EXCHANGE COMMISSION
                        WASHINGTON, DC   20549
                              FORM 10-K

                             
    [X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
         OF THE SECURITIES EXCHANGE ACT OF 1934  
               For the fiscal year ended December 31, 1998

    [ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR
         15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  
               For the transition period from       to

                     Commission file number 333-07081
                             
     UCFC Acceptance Corporation (Loan Trust Series 1998-A, 1998-B, 
                        1998-C, and 1998-D)
     --------------------------------------------------------------
           (Exact name of registrant as specified in its charter)

            Louisiana                            72-1235336
    ----------------------------              ------------------
    (State or other jurisdiction              (I.R.S. Employer
       of incorporation or                   Identification No.)
           organization)

    4041 Essen Lane, Baton Rouge, LA                70809
    --------------------------------              ----------
    (Address of principal executive offices       (Zip Code)

                                 504-987-0000
            ----------------------------------------------------
            (Registrant's telephone number, including area code)
                             
Securities registered pursuant to Section 12(b) of the Act:
                             
                                          Name of each exchange
               Title of each class        on which registered
               -------------------        ---------------------
                      None                        None

Securities registered pursuant to Section 12(g) of the Act:
                             
                                     None
                               ----------------
                               (Title of class)
                             
     Indicate  by check mark whether the registrant  (1) has filed 
all reports required to be filed by Section 13 or 15(d) of the Securities 
Exchange Act of 1934 during the preceding twelve months (or for such shorter
period that the registrant was  required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days. 
                                                          Yes   x    No
                                                               ----
    Indicate by check mark if disclosure of delinquent filers pursuant
to  Item  405 of Regulation S-K  is  not contained herein  and will not be 
contained to the best of Registrant's knowledge,  in  definitive  proxy or
information  statements incorporated  by reference in Part III of this Form
10-K  or any amendment to this Form 10-K.                  Not Applicable

State the aggregate market value of the voting stock held by non-affiliates
of the registrant.    Not Applicable 

     Indicate the number of shares outstanding of each of the registrant's
classes of common stock, as of December  31, 1998.         Not Applicable

THIS ANNUAL REPORT ON FORM 10-K IS FILED ON BEHALF OF THE REGISTRANT BY 
UNITED COMPANIES LENDING CORPORATION,  (as Servicer under Pooling and 
Servicing Agreements for the year ended December 31, 1998) providing 
for the issuance of Home  Equity Pass Through Certificates, Series 1998-A,
1998-B, 1998-C, and 1998-D) PURSUANT TO A RESPONSE OF THE OFFICE OF CHIEF
COUNSEL DIVISION OF CORPORATION FINANCE, DATED NOVEMBER 12, 1993.

                               PAGE 1

<PAGE>

                               PART I
                               ------                             
Item 1.  BUSINESS

         Omitted pursuant to the "Response of the
         Office of  Chief  Counsel Division of Corporation
         Finance" dated November 12, 1993

Item 2.  PROPERTIES

         Omitted pursuant to the "Response of the
         Office of  Chief  Counsel  Division of  Corporate
         Finance" dated November 12, 1993.

Item 3.  LEGAL PROCEEDINGS

         None

Item 4.  SUBMISSION OF MATTERS TO VOTE OF SECURITY HOLDERS

         None

                          PART II
                          -------
Item 5.  MARKET  FOR  REGISTRANT'S COMMON EQUITY AND RELATED
         STOCKHOLDER MATTERS

         There  is  no established trading  market for Registrant's
         securities subject to this filing.

         Number of holders of record of the Certificates as of 
         December 31, 1998:   1 .
                            ----

Item 6.  SELECTED FINANCIAL DATA
 
         Omitted pursuant to the "Response of the Office of Chief Counsel 
         Division of Corporation Finance", dated November 12, 1993.

Item 7.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
         CONDITION AND RESULTS OF OPERATIONS
              
         Omitted pursuant to the "Response of the Office of Chief Counsel 
         Division of Corporation Finance", dated November 12, 1993.

Item 8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

         Reference is made to the Annual Compliance Certificate attached as
         Exhibit 28.1 hereto.
               
         Reference is made to the annual report on the Servicer's compliance
         with certain provisions of the Agreement as prepared by Deloitte & 
         Touche, the Servicer's Independent Certified Public Accountants, and
         attached as Exhibit 28.2 hereto.
         
Item 9.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND 
         FINANCIAL DISCLOSURE

         None.

                                   PAGE 2
<PAGE>
                                  PART III
                                  --------

Item 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

         Omitted pursuant to the "Response of the Office of  Chief Counsel
         Division of Corporation  Finance" dated November 12, 1993.
         
Item 11. EXECUTIVE COMPENSATION

         Omitted pursuant to the "Response of the Office of  Chief  counsel
         Division of Corporation  Finance" dated November 12, 1993.
         
Item 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS  AND MANAGEMENT
         
         The  following information is furnished as  of December 31, 1998 as
         to each Certificateholder  of record of more than 5% of the
         Certificates:
<TABLE>
<S>                 <C>                            <C>              <C>    
    
                    Name & Address                  Beneficial     Percent
Title of Class      of Owner                        Ownership      of Class
--------------      ---------------                 ---------      -------- 
<S>                 <C>                             <C>             <C>
                                                   
Home Equity Loan    Cede & Co.                      $74,583,273.47  100.0%
Pass-Through        c/o The Depository Trust Co.
Certificates        P. O. Box 20
Series 1998-A,      Bowling Green Station
Class A-1           New York, New York 10274

Home Equity Loan    Cede & Co.                     $46,000,000.00   100.0%
Pass-Through        c/o The Depository Trust Co.
Certificates,       P. O. Box 20
Series 1998-A,      Bowling Green Station
Class A-2           New York, New York  10274

Home Equity Loan    Cede & Co.                     $46,000,000.00   100.0%
Pass-Through        c/o The Depository Trust Co.
Certificates        P. O. Box 20
Series 1998-A,      Bowling Green Station
Class A-3           New York, New York 10274

Home Equity Loan    Cede & Co.                     $14,000,000.00   100.0%
Pass-Through        c/o The Depository Trust Co.
Certificates        P. O. Box 20
Series 1998-A,      Bowling Green Station
Class A-4           New York, New York 10274

Home Equity Loan    Cede & Co.                     $24,000,000.00   100.0%
Pass-Through        c/o The Depository Trust Co.                  
Certificates        P. O. Box 20                                  
Series 1998-A,      Bowling Green Statin                          
Class A-5           New York, New York 10274                      
   
Home Equity Loan    Cede & Co.                     $16,000,000.00   100.0%
Pass-Through        c/o The Depository Trust Co.
Certificates        P. O. Box 20
Series 1998-A,      Bowling Green Station
Class A-6           New York, New York 10274

Home Equity Loan    Cede & Co.                     $15,500,000.00   100.0%
Pass-Through        c/o The Depository Trust Co.
Certificates        P. O. Box 20
Series 1998-A,      Bowling Green Station
Class A-7           New York, New York 10274

Home Equity Loan    Cede & Co.                     $32,500,000.00   100.0%
Pass-Through        c/o The Depository Trust Co.
Certificates        P. O. Box 20
Series 1998-A,      Bowling Green Station
Class A-8           New York, New York 10274

Home Equity Loan    Cede & Co.                    $100,948,241.70   100.0%
Pass-Through        c/o The Depository Trust Co.
Certificates        P. O. Box 20
Series 1998-B,      Bowling Green Station
Class A-1           New York, New York 10274

Home Equity Loan    Cede & Co.                     $58,000,000.00   100.0%
Pass-Through        c/o The Depository Trust Co.
Certificates        P. O. Box 20
Series 1998-B,      Bowling Green Station
Class A-2           New York, New York 10274

Home Equity Loan    Cede & Co.                     $57,000.000.00   100.0%
Pass-Through        c/o The Depository Trust Co.
Certificates        P. O. Box 20
Series 1998-B,      Bowling Green Station
Class A-3           New York, New York 10274
</TABLE>
                                 PAGE 3

<TABLE>
<S>                 <C>                            <C>              <C>    
    
                    Name & Address                  Beneficial     Percent
Title of Class      of Owner                        Ownership      of Class
--------------      ---------------                 ---------      -------- 



Home Equity Loan    Cede & Co.                     $20,000.000.00   100.0%
Pass-Through        c/o The Depository Trust Co.
Certificates        P. O. Box 20
Series 1998-B,      Bowling Green Station
Class A-4           New York, New York 10274

Home Equity Loan    Cede & Co.                     $28,000.000.00   100.0%
Pass-Through        c/o The Depository Trust Co.
Certificates        P. O. Box 20
Series 1998-B,      Bowling Green Station
Class A-5           New York, New York 10274

Home Equity Loan    Cede & Co.                     $17,000.000.00   100.0%
Pass-Through        c/o The Depository Trust Co.
Certificates        P. O. Box 20
Series 1998-B,      Bowling Green Station
Class A-6           New York, New York 10274

Home Equity Loan    Cede & Co.                     $19,500.000.00   100.0%
Pass-Through        c/o The Depository Trust Co.
Certificates        P. O. Box 20
Series 1998-B,      Bowling Green Station
Class A-7           New York, New York 10274

Home Equity Loan    Cede & Co.                     $37,500.000.00   100.0%
Pass-Through        c/o The Depository Trust Co.
Certificates        P. O. Box 20
Series 1998-B,      Bowling Green Station
Class A-8           New York, New York 10274

Home Equity Loan    Cede & Co.                    $868,662,175.67   100.0%
Pass-Through        c/o The Depository Trust Co.
Certificates        P. O. Box 20
Series 1998-BA      Bowling Green Station
Class Notes         New York, New York 10274


</TABLE>

<TABLE>
<S>                            <C>                             <C>             <C>    
    
                                Name & Address                  Beneficial     Percent
Title of Class                  of Owner                        Ownership      of Class
--------------                  ---------------                 ---------      -------- 


Home Equity Loan Pass-          Cede & Co.                     $140,702,156.16  100.0%
Through Certificates Series     c/o The Depository Trust Co.
1998-C, Class A-1               P. O. Box 20
                                Bowling Green Station
                                New York, New York 10274

Home Equity Loan Pass-          Cede & Co.                      $42,000,000.00  100.0%
Through Certificates, Series    c/o The Depository Trust Co.
1998-C, Class A-2               P. O. Box 20
                                Bowling Green Station
                                New York, New York  10274

Home Equity Loan Pass-          Cede & Co.                      $74,000,000.00  100.0%
Through Certificates Series     c/o The Depository Trust Co.
1998-C, Class A-3               P. O. Box 20
                                Bowling Green Station
                                New York, New York 10274

Home Equity Loan Pass-          Cede & Co.                      $23,000,000.00  100.0%
Through Certificates Series     c/o The Depository Trust Co.
1998-C, Class A-4               P. O. Box 20
                                Bowling Green Station 
                                New York, New York 10274

Home Equity Loan Pass-          Cede & Co.                      $47,000,000.00  100.0%
Through Certificates Series     c/o The Depository Trust Co.
1998-C, Class A-5               P. O. Box 20
                                Bowling Green Station
                                New York, New York 10274

Home Equity Loan Pass-          Cede & Co.                      $40,500,000.00  100.0%
Through Certificates Series     c/o The Depository Trust Co.
1998-C, Class A-6               P. O. Box 20
                                Bowling Green Station
                                New York, New York 10274


                             PAGE 4
Home Equity Loan Pass-          Cede & Co.                     $42,500,000.00   100.0%
Through Certificates Series     c/o The Depository Trust Co.
1998-C, Class A-7               P. O. Box 20
                                Bowling Green Station
                                New York, New York 10274

Home Equity Loan Pass-         Cede & Co.                     $124,943,259.11   100.0%
Through Certificates Series    c/o The Depository Trust Co.
1998-D, Class AF-1             P. O. Box 20
                               Bowling Green Station
                               New York, New York 10274

Home Equity Loan Pass-         Cede & Co.                      $59,000,000.00   100.0%
Through Certificates, Series   c/o The Depository Trust
1998-D, Class AF-2             Company
                               55 Water Street
                               New York, New York 10274

Home Equity Loan Pass-         Cede & Co.                      $18,000,000.00   100.0%
Through Certificates Series    c/o The Depository Trust Co.
1998-D, Class AF-3             P. O. Box 20
                               Bowling Green Station
                               New York, New York 10274

Home Equity Loan Pass-         Cede & Co.                      $10,000,000.00   100.0%
Through Certificates Series    c/o The Depository Trust Co.
1998-D, Class AF-4             P. O. Box 20
                               Bowling Green Station
                               New York, New York 10274

Home Equity Loan Pass-         Cede & Co.                      $10,000,000.00   100.0%
Through Certificates Series    c/o The Depository Trust Co.
1998-D, Class AF-5             P. O. Box 20
                               Bowling Green Station
                               New York, New York 10274
                   
Home Equity Loan Pass-         Cede & Co.                      $13,274,000.00   100.0%
Through Certificates Series    c/o The Depository Trust Co.
1998-D, Class AF-6             P. O. Box 20
                               Bowling Green Station
                               New York, New York 10274

Home Equity Loan Pass-         Cede & Co.                      $26,475,000.00   100.0%
Through Certificates Series    c/o The Depository Trust Co.
1998-D, Class AF-7             P. O. Box 20
                               Bowling Green Station
                               New York, New York 10274

Home Equity Loan Pass-         Cede & Co.                     $150,000,000.00   100.0%
Through Certificates Series    c/o The Depository Trust Co.
1998-D, Class AF-8             P. O. Box 20
                               Bowling Green Station
                               New York, New York 10274

Home Equity Loan Pass-         Cede & Co.                      $39,638,000.00   100.0%
Through Certificates Series    c/o The Depository Trust Co.
1998-D, Class MF-1             P. O. Box 20
                               Bowling Green Station
                               New York, New York 10274

Home Equity Loan Pass-         Cede & Co.                      $33,863,000.00   100.0%
Through Certificates Series    c/o The Depository Trust Co.
1998-D, Class MF-2             P. O. Box 20
                               Bowling Green Station
                               New York, New York 10274

Home Equity Loan Pass-         Cede & Co.                      $26,250,000.00   100.0%
Through Certificates Series    c/o The Depository Trust Co.
1998-D, Class BF-1             P. O. Box 20
                               Bowling Green Station
                               New York, New York 10274

Home Equity Loan Pass-         Cede & Co.                     $163,614,575.59   100.0%
Through Certificates Series    c/o The Depository Trust Co.
1998-D, Class AV-1             P. O. Box 20
                               Bowling Green Station
                               New York, New York 10274

Home Equity Loan Pass-         Cede & Co.                      $19,800,000.00   100.0%
Through Certificates Series    c/o The Depository Trust Co.
1998-D, Class MV-1             P. O. Box 20
                               Bowling Green Station
                               New York, New York 10274

Home Equity Loan Pass-         Cede & Co.                      $16,537,000.00   100.0%
Through Certificates Series    c/o The Depository Trust Co.
1998-D, Class MV-2             P. O. Box 20
                               Bowling Green Station
                               New York, New York 10274



                                 PAGE 5



Home Equity Loan Pass-         Cede & Co.                      $12,263,000.00   100.0%
Through Certificates Series    c/o The Depository Trust Co.
1998-D, Class BV-1             P. O. Box 20
                               Bowling Green Station
                               New York, New York 10274

</TABLE>

Item 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

          (a)        None

          (b)-(d)    Omitted pursuant to the "Response of the  Office
                     of Chief Counsel Division  of Corporation
                     Finance"  dated November 12, 1993.
                                     
                                     
                            PART IV
                            -------   
Item  14.   EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K

          (a)  1-2    Not Applicable

                 3.   Exhibits

                      28.1   Annual Compliance Certificate

                      28.2   Annual Report of Servicer's compliance with
                             certain provisions of the Agreement by
                             Servicer's Independent Certified Public
                             Accountants.
                   
           (b)-(d)    Omitted pursuant to the "Response of the Office
                      of Chief Counsel Division  of Corporation Finance"
                      dated November 12, 1993.

                                        PAGE 6

<PAGE>

                                EXHIBIT INDEX
                                --------------

        EXHIBIT NO.        DESCRIPTION
        -----------        -----------


        28.1               Annual Statement as to Compliance, UCFC Loan Trust 
                           Series 1998-A, 1998-B, 1998-C AND 1998-D, Page 9.

        28.2               Independent Accountant's report, Pages 10.


                                  PAGE 7
<PAGE>

                          SIGNATURES
                               
Pursuant  to the requirements of Section 13 or 15(d)  of  the Securities 
Exchange Act of 1934, the Servicer has caused this report to be signed on
behalf of the Registrant by the undersigned, thereto duly authorized on the
31st day of March, 1999.

UNITED COMPANIES LENDING CORPORATION, as Servicer, 
     on behalf of the Registrant


BY:  /s/ SHERRY E. ANDERSON
----------------------------------
     Sherry E. Anderson, Secretary

Pursuant to the requirements of the Securities Exchange  Act of 1934, this 
report has been signed below by the following officers and directors of the 
Servicer on behalf of the Registrant and in the capacities indicated on the 
31st day of March, 1998.




/S/ DALE E. REDMAN
-------------------------------------
Dale E. Redman, Director
(Principal Financial Officer)


/S/ JOHN D'ANGELO  
-------------------------------------
John D'Angelo, President            


/S/ JESSE O. GRIFFIN
-------------------------------------
Jesse O. Griffin, Sr. Vice President
(Principal Accounting Officer)

                                      PAGE 8