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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-Q/A
                                AMENDMENT NO. 1


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

      FOR THE QUARTERLY PERIOD ENDED JANUARY 31, 2000

                                       OR

[ ]  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 0-26686

                 FIRST INVESTORS FINANCIAL SERVICES GROUP, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

                       TEXAS                              76-0465087
          (STATE OR OTHER JURISDICTION OF              (I.R.S. EMPLOYER
          INCORPORATION OR ORGANIZATION)              IDENTIFICATION NO.)

            675 BERING DRIVE, SUITE 710
                  HOUSTON, TEXAS                             77057
     (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)             (ZIP CODE)

                                 (713) 977-2600
              (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 12 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 the number of shares outstanding of each of the issuer's classes
of common stock, as of the latest practicable date.

                                                          SHARES
                                                      OUTSTANDING AT
              CLASS                                   MARCH 1, 2000
  ----------------------------                        --------------
  COMMON STOCK-$.001 PAR VALUE                          5,566,669

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                                    PART II

                               OTHER INFORMATION

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)

        Exhibit
         Number                      Description
-------------------------------------------------------------
          10.62     --  Sale and Allocation Agreement dated
                        January 1, 2000 among First Investors
                        Financial Services, Inc., First
                        Investors Servicing Corporation,
                        First Investors Auto Investment
                        Corp., Norwest Bank Minnesota,
                        National Association and First
                        Investors Auto Owner Trust 2000-A.
          10.63     --  Indenture dated as of January 1, 2000
                        $167,969,000 7.174% Asset-Backed
                        Notes among First Investors Auto
                        Owner Trust 2000-A, First Investors
                        Financial Services, Inc. and Norwest
                        Bank Minnesota, National Association.
          10.64     --  Amended and Restated Trust Agreement
                        dated as of January 24, 2000 among
                        First Investors Auto Investment Corp.
                        and Bankers Trust (Delaware).
          10.65     --  Servicing Agreement dated as of
                        January 1, 2000 by and among First
                        Investors Auto Owner Trust 2000-A,
                        Norwest Bank Minnesota, National
                        Association, First Investors Auto
                        Investment Corp. and First Investors
                        Servicing Corporation.
          10.66     --  Insurance Agreement dated as of
                        January 1, 2000 among MBIA Insurance
                        Corporation, First Investors
                        Servicing Corporation, First
                        Investors Financial Services, Inc.,
                        First Investors Auto Investment
                        Corp., First Investors Auto Owner
                        Trust 2000-A, Bankers Trust
                        (Delaware) and Norwest Bank Min-
                        nesota, National Association.
          10.67     --  Indemnification Agreement dated as of
                        January 12, 2000 among MBIA Insur-
                        ance Corporation, First Investors
                        Financial Services, Inc. and Banc of
                        America Securities LLC.


                                   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.

                                FIRST INVESTORS FINANCIAL SERVICES GROUP, INC.
                                                 (Registrant)

Date:  March 21, 2000                     By: /s/ TOMMY A. MOORE, JR.
                                                  TOMMY A. MOORE, JR.
                                        PRESIDENT AND CHIEF EXECUTIVE OFFICER

Date:  March 21, 2000                     By: /s/ BENNIE H. DUCK
                                                  BENNIE H. DUCK
                                             SECRETARY, TREASURER AND
                                             CHIEF FINANCIAL OFFICER

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