SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                               ------------------

                                    FORM 10-Q


          ( X ) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                    For Quarterly Period Ended June 30, 2000

                          Commission File Number 1-6798

                               ------------------


                        TRANSAMERICA FINANCE CORPORATION
             (Exact name of registrant as specified in its charter)

           Delaware                                              95-10977235
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)

                              600 Montgomery Street
                         San Francisco, California 94111
                    (Address of principal executive offices)
                                   (Zip Code)

                                 (415) 983-4000
              (Registrant's telephone number, including area code)



       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  3 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

       Number of shares of Common Stock, $10 par value,  outstanding as of close
of business on August 10, 2000: 1,464,285.


<PAGE>
Page 2

TRANSAMERICA FINANCE CORPORATION

                                    FORM 10-Q

Part I.  Financial Information

Item 1.  Financial Statements.

       The following unaudited consolidated financial statements of Transamerica
Finance  Corporation and Subsidiaries (the "Company") for the periods ended June
30, 2000 and 1999, do not include complete  financial  information and should be
read in conjunction  with the Consolidated  Financial  Statements filed with the
Commission  on Form 10-K for the year ended  December  31, 1999.  The  financial
information  presented  in the  financial  statements  included  in this  report
reflects all adjustments,  consisting only of normal recurring  accruals,  which
are, in the opinion of management, necessary for a fair statement of results for
the  interim  periods  presented.  Results  for  the  interim  periods  are  not
necessarily indicative of the results for the entire year.

                                    * * * * *

       On  July  21,  1999,  Transamerica  Corporation,  which  owns  all of the
Company's  outstanding  common stock,  completed its merger with a subsidiary of
AEGON N. V.(AEGON), a Netherlands based corporation. As a result, the Company is
now a subsidiary of AEGON.

       On March 1, 2000,  AEGON  announced  that it had  completed  a  strategic
review of the Company's  businesses  acquired in connection with the acquisition
of  Transamerica  Corporation  in July  1999  and  that it had  decided  to make
strategic dispositions of these businesses.

       On July 24,  2000,  AEGON  announced  that  general  weakness  within the
commercial  finance  market  has made the  sale of the core  commercial  lending
business units of the Company less  attractive and that it currently  intends to
continue operating these units.  Strategic  dispositions of other business units
are currently under consideration.  AEGON also announced an agreement was signed
for the sale of Leasing's tank business for  approximately  $260 million,  which
will result in a gain.  This  transaction is expected to close before the end of
the year.

       On July 28, 2000, an agreement was signed for the sale of Leasing's North
American Intermodal  business for approximately $675 million,  which will result
in a gain.  The  assets  to be sold  will  include  additional  equipment  to be
purchased through the close of the transaction which is expected to occur before
the end of the year.

       The  consolidated  ratios of earnings to fixed  charges were  computed by
dividing net income before fixed charges and income taxes by the fixed  charges.
Fixed  charges  consist of  interest  and debt  expense  and  one-third  of rent
expense, which approximates the interest factor.



<PAGE>
Page 3
<TABLE>

                TRANSAMERICA FINANCE CORPORATION AND SUBSIDIARIES
                                -----------------

                           CONSOLIDATED BALANCE SHEET

                   (Amounts in millions except for share data)
<CAPTION>


                                                                               June 30,             December 31,
                                                                                 2000                   1999
                                                                            ------------           ------------
<S>                                                                             <C>                    <C>
Assets:
Cash and cash equivalents                                                   $      139.8           $       23.8

Finance receivables                                                              9,726.9                9,434.6
Unearned fees                                                                     (797.3)                (726.0)
Allowance for losses                                                              (168.0)                (144.5)
                                                                            ------------           ------------
                                                                                 8,761.6                8,564.1

Property and equipment,  less  accumulated  depreciation of
    $1,125.8 in 2000 and $1,510 in 1999:
        Land, buildings and equipment                                               47.6                   59.3
        Equipment held for lease                                                 2,134.3                3,020.5
Investments (cost of $78.6 in 2000 and
       $56.7 in 1999)                                                              115.7                   88.7
Goodwill, less accumulated amortization of
       $182.8 in 2000 and $191.3 in 1999                                           356.8                  409.3
Assets held for sale                                                             1,765.4                   24.5
Other assets                                                                       619.8                  732.6
                                                                            ------------           ------------
                                                                            $   13,941.0           $   12,922.8
                                                                            ============           ============


Liabilities and Stockholder's Equity:
Debt:
        Unsubordinated                                                      $   10,320.3           $    9,295.2
        Subordinated                                                                84.0                  222.0
                                                                            ------------           ------------

                  Total Debt                                                    10,404.3                9,517.2

Accounts payable and other liabilities                                           1,096.1                1,096.4
Income taxes payable                                                               514.2                  502.9

Stockholder's equity:
    Preferred stock - authorized, 250,000 shares
        without par value: none issued
    Common stock - authorized, 2,500,000 shares of
        $10 par value; issued and outstanding
        1,464,285 shares                                                            14.6                   14.6
    Additional paid-in capital                                                   1,919.6                1,742.9
    Retained earnings                                                                                      41.3
    Components of other cumulative
        comprehensive income:
        Net unrealized gain from investments marked to fair value                   24.1                   20.8
        Foreign currency translation adjustments                                   (31.9)                 (13.3)
                                                                            ------------           ------------
                  Total Stockholder's Equity                                     1,926.4                1,806.3
                                                                            ------------           ------------
                                                                            $   13,941.0           $   12,922.8
                                                                            ============           ============
</TABLE>


<PAGE>
Page 4
<TABLE>

                TRANSAMERICA FINANCE CORPORATION AND SUBSIDIARIES
                             ----------------------

                      CONSOLIDATED STATEMENT OF OPERATIONS

                          (Dollar amounts in millions)
<CAPTION>

                                                                        Six months ended                 Three months ended
                                                                            June 30,                          June 30,
                                                                      2000             1999              2000          1999
                                                                  ----------        ----------       ----------     ---------
 <S>                                                                   <C>               <C>              <C>           <C>

 REVENUES
 Finance charges and other fees                                   $    539.1        $    409.6       $    282.7     $   213.5
 Leasing revenues                                                      344.1             344.1            173.2         172.1
 Gain on sale of business unit                                                            15.3                           15.3
 Other                                                                  80.8              82.2             43.6          35.7
                                                                  ----------        ----------       ----------     ---------
         Total revenues                                                964.0             851.2            499.5         436.6

 EXPENSES
 Interest and debt expense                                             299.5             219.1            155.8         109.6
 Depreciation on equipment held for lease                              151.9             146.8             76.0          74.3
 Salaries and other operating expenses                                 349.5             331.6            176.3         162.4
 Provision for expected losses on disposal of business units            78.4                               78.4
 Provision for losses on receivables                                    57.9              39.7             32.6          18.8
                                                                  ----------        ----------       ----------     ---------
         Total expenses                                                937.2             737.2            519.1         365.1

 Income (loss) before income taxes                                      26.8             114.0            (19.6)         71.5
 Income taxes                                                           11.5              44.9              2.2          26.8
                                                                  ----------        ----------       ----------     ---------

 Net income (loss)                                                $     15.3        $     69.1       $    (21.8)    $    44.7
                                                                  ==========        ==========       ==========     =========


 Ratio of earnings to fixed charges                                     1.09             1.49
                                                                        ====             ====
</TABLE>




<PAGE>
Page 5
<TABLE>

                TRANSAMERICA FINANCE CORPORATION AND SUBSIDIARIES
                                -----------------

                      CONSOLIDATED STATEMENT OF CASH FLOWS

                              (Amounts in millions)
<CAPTION>

                                                                                           Six months ended
                                                                                               June 30,
                                                                                          2000             1999
                                                                                      -----------       ----------
<S>                                                                                      <C>              <C>

OPERATING ACTIVITIES
Net income                                                                            $      15.3       $     69.1
Adjustments to reconcile net income
     to net cash provided by operating activities:
         Depreciation and amortization                                                      169.8            162.1
         Provision for losses on receivables                                                 57.9             39.7
         Change in accounts payable and other liabilities                                    44.3             78.0
         Change in income taxes payable                                                      11.3             39.2
         Losses (gain) on disposal of business units                                         78.4            (15.3)
         Other                                                                              (10.2)           (72.0)
                                                                                      -----------       ----------
Net cash provided by operating activities                                                   366.8            300.8

INVESTING ACTIVITIES
Finance receivables originated                                                          (14,991.9)       (12,509.4)
Finance receivables collected and sold                                                   13,779.8         11,951.7
Purchase of property and equipment                                                         (167.6)          (253.3)
Sales of property and equipment                                                              71.5             30.1
Proceeds from sale of Transamerica HomeFirst                                                                 200.0
Other                                                                                        53.0            130.0
                                                                                      -----------       ----------
Net cash used by investing activities                                                    (1,255.2)          (450.9)

FINANCING ACTIVITIES
Proceeds from debt financing                                                              4,624.4          3,495.1
Payment of debt                                                                          (3,740.1)        (3,276.0)
Capital contribution                                                                        196.1             42.5
Cash dividend paid                                                                          (56.6)           (89.7)
Return of capital                                                                           (19.4)
                                                                                      -----------       ----------

Net cash provided by financing activities                                                 1,004.4            171.9
                                                                                      -----------       ----------

Increase in cash and cash equivalents                                                       116.0             21.8
Cash and cash equivalents at beginning of year                                               23.8             51.2
                                                                                      -----------       ----------
Cash and cash equivalents at end of period                                            $     139.8       $     73.0
                                                                                      ===========       ==========
</TABLE>






<PAGE>
Page 6
<TABLE>

                TRANSAMERICA FINANCE CORPORATION AND SUBSIDIARIES
                                -----------------

                   CONSOLIDATED STATEMENT OF RETAINED EARNINGS

                              (Amounts in millions)
<CAPTION>

                                                                     Six months ended
                                                                         June 30,
                                                                   2000             1999
                                                                ---------         ------
<S>                                                                  <C>              <C>

Balance at beginning of year                                    $    41.3         $   48.0
Net income                                                           15.3             69.1
Dividend declared and paid                                          (56.6)           (89.7)
                                                                ---------         --------

Balance at end of period                                        $     0.0         $   27.4
                                                                =========         ========
</TABLE>



Item 2.  Management's Narrative Analysis of Results of Operations

       On  July  21,  1999,  Transamerica  Corporation,  which  owns  all of the
Company's outstanding stock,  completed its merger with a subsidiary of AEGON N.
V. (AEGON), a Netherlands based corporation.  As a result,  Transamerica Finance
Corporation (the "Company") is now a subsidiary of AEGON.

       On March 1, 2000,  AEGON  announced  that it had  completed  a  strategic
review of the Company's  businesses  acquired in connection with the acquisition
of  Transamerica  Corporation  in July  1999  and  that it had  decided  to make
strategic dispositions of these businesses.

       On July 24,  2000,  AEGON  announced  that  general  weakness  within the
commercial  finance  market  has made the  sale of the core  commercial  lending
business units of the Company less  attractive and that it currently  intends to
continue operating these units.  Strategic  dispositions of other business units
are currently under consideration.  AEGON also announced an agreement was signed
for the sale of Leasing's tank business for  approximately  $260 million,  which
will result in a gain.  This  transaction is expected to close before the end of
the year.

       On July 28, 2000, an agreement was signed for the sale of Leasing's North
American Intermodal  business for approximately $675 million,  which will result
in a gain.  The  assets  to be sold  will  include  additional  equipment  to be
purchased through the close of the transaction which is expected to occur before
the end of the year.


       The  following  table sets forth  revenues  and income  (loss) by line of
business:

<TABLE>

                 REVENUES AND INCOME (LOSS) BY LINE OF BUSINESS
                              (Amounts in millions)
<CAPTION>

                                                           Six months ended June 30,                 Second Quarter
                                                    Revenues                    Income                Income (loss)
                                               2000          1999          2000         1999          2000       1999
                                            ----------     --------      -------      --------     --------   --------
<S>                                              <C>          <C>           <C>           <C>          <C>        <C>

Commercial lending *                        $    615.3     $  467.3      $  16.4      $   55.3     $  (17.7)  $   33.4
Leasing *                                        348.7        360.3         11.0          16.2          1.4        6.5
Other                                                          23.6         (2.9)          6.9         (0.6)       9.4
Amortization of goodwill                                                    (9.2)         (9.3)        (4.9)      (4.6)
                                            ----------     --------      -------      --------     --------   --------
                                            $    964.0     $  851.2      $  15.3      $   69.1     $  (21.8)  $   44.7
                                            ==========     ========      =======      ========     ========   ========
<FN>

*    Effective January 1, 2000, Leasing's Structured Finance operation,  renamed
     International  Equipment  Finance,  is included with  Commercial  Lending's
     Equipment Financial Services operation.  1999 amounts have been restated to
     conform to the 2000 presentation.
</FN>
</TABLE>


<PAGE>
Page 7

Commercial Lending

       The  commercial  lending  business makes  commercial  loans through three
operations:  distribution  finance,  business  credit  and  equipment  financial
services.  Commercial  lending  results for the first half and second quarter of
2000 were net income of $8.2 million and net loss of $22.1  million  compared to
net income of $47 million and $29.3 million for the comparable  periods of 1999.
Income,  before  the  amortization  of  goodwill,  for the first half and second
quarter of 2000  declined  $38.9  million  (70%) and $51.1  million  (153%) from
comparable prior year periods.

       Operating results for the second quarter of 2000 included a $78.4 million
charge ($58 million after tax)  resulting from the decision to exit the consumer
mortgage and insurance  premium finance  businesses.  The provision is primarily
for the write off of related  goodwill and for the reduction of the net carrying
value of the receivable  portfolios to their estimated realizable value. The net
receivables  of  these   operations   totalled  $950.8  million  and  have  been
reclassified as assets held for sale.  Operating  results for the first half and
second  quarter  of 2000  included  after  tax gains of $11.6  million  and $5.8
million from the sale of a portion of stock  received from the exercise of stock
warrants by the business credit operation.  Also included in second quarter 2000
results  was  a  $1.7  million  after  tax  charge  resulting  from  accelerated
amortization of premiums from unwinding the $150 million retail revolving credit
card securitization. The higher cost of renewing this securitization program was
the  primary  factor  which  led  to  the  decision  to no  longer  finance  the
receivables off balance sheet.  Operating  results for the six months ended June
30,1999  included  after tax gains of $2.2  million  resulting  from the sale of
stock  received  from the  exercise of stock  warrants and $1.7 million from the
sale and  securitization of inventory  floorplan,  equipment lease finance,  and
retail  revolving  credit  card  receivables.  Operating  results for the second
quarter  1999  included  after  tax  gains  of  $1.2  million  on the  sale  and
securitization  of the retail  revolving  credit card,  inventory  floorplan and
equipment  lease  finance  receivables  and  $300,000  from the  sale of  stock.
Excluding the above items,  commercial lending income before the amortization of
goodwill  for the first six months and second  quarter of 2000  increased  $13.1
million  (25%) and $4.3 million  (13%) over the  comparable  prior year periods.
Higher  average  net  receivables  outstanding  contributed  to  the  growth  in
operating income.

       Revenues  in the first half and second  quarter  of 2000  increased  $148
million  (32%) and $81.3  million  (34%)  over the  corresponding  1999  periods
principally  as a result of  growth  in  average  net  receivables  outstanding.
Revenues in the first half and second quarter of 2000 included $18.4 million and
$9.2 million of gains on the sale of stock compared to $3.4 million and $400,000
for the corresponding 1999 periods.

       Interest expense increased $89.7 million (60%) and $50.6 million (66%) in
the first half and  second  quarter of 2000 due to higher  average  debt  levels
needed to  support  receivable  growth  and a higher  average  interest  rate on
borrowings.  Operating  expenses  for the first half and second  quarter of 2000
increased  $11.5 million (6%) and $7 million (8%) over prior year periods mainly
as a result of higher business  volume.  The provision for losses on receivables
for the first half and second quarter of 2000 increased  $18.1 million (46%) and
$13.7 million (73%) from the corresponding 1999 periods  principally as a result
of increased  delinquent  and  nonearning  receivables.  Credit  losses,  net of
recoveries, on an annualized basis as a percentage of average commercial finance
receivables  outstanding,  net of unearned  finance  charges,  were .54% for the
first  half  and  second  quarter  of 2000  compared  to .83%  and  .75% for the
comparable periods of 1999.

       Net commercial finance receivables outstanding at June 30, 2000 increased
$221 million (3%) from December 31, 1999.  During the second quarter of 2000 the
commercial  lending  operation  reclassified its consumer mortgage and insurance
premium finance net receivables totaling $950.8 million to assets held for sale.
Excluding the  reclassification  effect, net commercial  finance  receivables at
June 30, 2000  increased  by $1,171.8  million  (13%) from  December  31,  1999.
Management  has  established  an  allowance  for  losses  equal  to 1.88% of net
commercial finance receivables outstanding as of June 30, 2000 compared to 1.66%
at December 31, 1999.

<PAGE>
Page 8



       Effective  in  the  second  quarter  2000,  the  policies  used  for  the
determination  of delinquent and nonearning  receivables  for the  international
equipment finance  receivables have been revised to provide greater  consistency
among the company's receivable portfolios.  It is management's view that the new
methodology provides a better and more meaningful assessment of the condition of
the portfolio.  Delinquent and nonearning data presented as of December 31, 1999
has been restated.

       Delinquent  receivables are defined as instalments for inventory  finance
and business credit asset based lending  receivables  more than 60 days past due
and the  outstanding  loan balance for all other  receivables  over 60 days past
due. At June 30, 2000,  delinquent  receivables  were $119.7  million  (1.23% of
receivables  outstanding)  compared  to $139.6  million  (1.48%  of  receivables
outstanding) at December 31, 1999.

       Nonearning  receivables  are defined as balances from  borrowers that are
more than 90 days delinquent for non credit card  receivables or at such earlier
time  as  full  collectibility  becomes  doubtful.   Nonearning  receivables  on
revolving  credit  card  accounts  are  defined as balances  from  borrowers  in
bankruptcy and accounts for which full  collectibility  is doubtful.  Accrual of
finance charges is suspended on nonearning  receivables  until such time as past
due amounts are collected.  Nonearning  receivables  were $149 million (1.53% of
receivables  outstanding)  at June 30, 2000 compared to $136.3 million (1.44% of
receivables  outstanding)  at  December  31,  1999.  Delinquent  and  nonearning
receivables at June 30, 2000 exclude  amounts  related to the consumer  mortgage
and insurance premium finance receivables due to the  reclassification to assets
held for sale.

       Assets  held for sale as of June 30,  2000  totalled  $912.9  million and
consisted of consumer mortgage receivables of $ 630.3 million, insurance premium
finance receivables of $320.5 million, other repossessed assets of $9.4 million,
and a valuation  allowance  of $47.3  million.  Assets held for sale at December
31,1999 totaled $7.2 million, net of a $1.7 million valuation allowance.  Of the
finance  receivables  held for sale at June 30,  2000,  $39.1  million  (4.1% of
receivables  held for sale)  were  more than 60 days past due and $31.1  million
(3.3% of receivables held for sale) were classified as nonearning.

Leasing

       Leasing  comprises the company's  marine  containers and European trailer
operations.  Leasing  signed  agreements in July to sell its tank  container and
domestic  products  businesses and  correspondingly  has reclassified  those net
assets to assets held for sale at June 30,  2000.  Leasing's  net income for the
first half and second quarter of 2000 was $10 million and $0.9 million  compared
to $15.1 million and $5.9 million for the first half and second quarter of 1999.

       Income before the  amortization of goodwill for the first half and second
quarter of 2000 was $11 million and $1.4 million  compared to $16.2  million and
$6.5 million for the first half and second  quarter of 1999.  Operating  results
for the first quarter 2000 included $9.5 million in net tax benefits  associated
with a structured  equipment  financing of certain European  trailer  equipment.
Results for the first quarter of 1999 included a $4.9 million  after-tax benefit
from the termination of a leverage lease.  Excluding the above items,  operating
income,  before  the  amortization  of  goodwill,  for the first half and second
quarter of 2000 was $1.5 million and $1.4 million  compared to $11.3 million and
$6.5 million for the comparable prior year periods.  For both the first half and
second  quarter of 2000,  earnings  were  negatively  impacted year to year by a
continued  decline in marine (special,  dry and refrigerated) and tank container
per-diem rates and higher marine operating costs as a result of higher strategic
positioning expenditures.  Lower earnings were also experienced in rail trailers
due to lower rail units  on-hire.  Additionally,  European  trailer  experienced
lower earnings as a result of lower per-diem rates and higher operating costs.

       Revenues for the first half and second  quarter of 2000  decreased  $11.6
million (3%) and increased  $0.1 million (-%) versus the  comparable  prior year
periods. For both the first half and second quarter of 2000, the continued trade
imbalance between Asia, Europe and the United States and an oversupply of marine
container  equipment continued to negatively impact per-diem rates and revenues.
Lower revenues were also  experienced in special  containers due to lower demand
for this equipment type and in rail trailers due to a continuing  decline in the
rail units on-hire and total fleet size.  Lower revenue was also  experienced in
European trailer as a result of lower per-diem rates. Partially offsetting these
decreases  were higher  revenues  from a larger  chassis  fleet and more on-hire
units.

<PAGE>
Page 9


       Expenses for the first half and second  quarter of 2000  increased  $12.5
million  (4%) and $8.8  million  (5%) over the  corresponding  1999 periods as a
result  of  greater  strategic  positioning  expenditures  associated  with  the
movement of dry  container  equipment  to meet  anticipated  demand in the Asian
market and higher ownership costs associated with a larger chassis fleet. Higher
operating  expenses were experienced in European trailer as a result of a larger
fleet.

       The utilization of marine  containers was 77% for both the first half and
second  quarter of 2000  compared to 74% and 73% for the  comparable  prior year
periods.  European  trailer  utilization  was 81% and 82% for the first half and
second  quarter of 2000 compared to 80% for the  comparable  prior year periods.
The  utilization  of tank  containers was 81% for both the first half and second
quarter of 2000 compared to 77% and 76% for the  comparable  prior year periods.
Domestic products utilization was 92% for both the first half and second quarter
of 2000 compared to 91% for the comparable prior year periods.

       Assets  held  for sale at June  30,  2000  totalled  $852.5  million  and
consisted of tank containers and domestic  products  equipment held for lease of
$800.4  million and accounts  receivable  and other net assets of $52.1 million.
Assets held for sale at December 31, 1999 totalled $17.3 million.

Other

       The decline in the results in other operations compared to the first half
and second  quarter of 1999 was  primarily  due to a $15.3  million ($11 million
after-tax) gain on the sale of Transamerica HomeFirst in June 1999.

Comprehensive Income
<TABLE>

       In  accordance  with  Financial  Accounting  Standard No. 130,  Reporting
Comprehensive Income, comprehensive income for the six months and second quarter
ended June 30, 2000 and 1999 comprised (amounts in millions):
<CAPTION>

                                                                Six months ended               Three months ended
                                                                    June 30,                        June 30,
                                                            2000                1999            2000        1999
                                                          --------           ---------       ---------    --------
<S>                                                           <C>                 <C>             <C>         <C>

 Net income (loss)                                        $   15.3           $    69.1       $   (21.8)   $   44.7
 Other comprehensive income, net of tax:
     Change in net unrealized gains from
         investments marked to fair value                      3.3                                (4.5)
     Foreign currency translation adjustments                (18.6)              (13.7)          (14.8)        3.7
                                                          --------           ---------       ---------    --------
 Comprehensive income (loss)                              $    0.0           $    55.4       $   (41.1)   $   48.4
                                                          ========           =========       =========    ========
</TABLE>

Derivatives

       The  operations  of the  Company  are  subject to risk of  interest  rate
fluctuations  to the extent  that there is a  difference  between the cash flows
from the  Company's  interest-earning  assets and the cash flows  related to its
liabilities  that mature or are  repriced in  specified  periods.  In the normal
course of its operations, the Company hedges some of its interest rate risk with
derivative financial instruments.  These derivatives comprise primarily interest
rate swap agreements.

       Derivative  financial  instruments with a notional amount of $2.4 billion
at June 30, 2000 and $2.8 billion at December 31, 1999 and  designated as hedges
of the Company's liabilities were outstanding.

       While  the   Company  is   exposed  to  credit   risk  in  the  event  of
nonperformance by the other party,  nonperformance is not anticipated due to the
credit rating of the counterparties.  At June 30, 2000, the derivative financial
instruments  discussed  above were issued by financial  institutions  rated A or
better by one or more of the major credit rating agencies. The fair value of the
Company's  liability  hedges at June 30,  2000 and  December  31, 1999 was a net
obligation  of $25.8  million  and  $20.6  million  comprising  agreements  with
aggregate  gross  obligations  of $33.2 million and $28.2 million and agreements
with aggregate gross benefits of $7.4 million and $7.6 million.



<PAGE>
Page 10


Item 6.  Exhibits and Reports on Form 8-K.

(a)      Exhibits.

                12     Computation of Ratio of Earnings to Fixed Charges.

                27     Financial Data Schedule.

(b)      Reports on Form 8-K.

                On August 4, 2000 TFC reported that AEGON had issued a guarantee
         of all newly  issued  debt  under  TFC's  $4.5  billion  United  States
         commercial paper program.

                                                         Signatures

         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.

TRANSAMERICA FINANCE CORPORATION
(Registrant)




George B. Sundby
Senior Vice President and Chief Financial Officer
(Chief Accounting Officer)

Date:    August 11, 2000