<PAGE>   1

                                    FORM 10-Q

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                   (Mark one)

[X]      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2001

                                       or

[ ]      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

                         Commission File Number: 0-20677

                           FIRSTCITY LIQUIDATING TRUST
             (Exact name of registrant as specified in its charter)

                  Texas                                   06-6414468
     (State or other jurisdiction of                   (I.R.S. Employer
     incorporation or organization)                   Identification No.)

 1001 Fannin, Suite 505, Houston, Texas                      77002
(Address of principal executive offices)                  (Zip Code)

       Registrant's telephone number, including area code: (713) 651-7841

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: As of March 31, 2001, 2,454,310
units of Class B Beneficial Interests and 725,729 units of Class C Beneficial
Interests were outstanding.

<PAGE>   2


FORWARD LOOKING INFORMATION

This Form 10-Q includes "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The opinions, forecasts,
projections, guidance or other statements other than statements of historical
fact, are forward-looking statements. These statements are based upon
assumptions that are subject to change and other risks. Although the Trust
believes that the expectations reflected in such forward-looking statements are
reasonable, it can give no assurance that such expectations will prove to have
been correct. Certain risks and uncertainties inherent in the Trust's business
are set forth in the filings of the Trust with the Securities and Exchange
Commission.

PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements

                  FIRSTCITY LIQUIDATING TRUST AND SUBSIDIARIES
              CONSOLIDATED STATEMENTS OF NET ASSETS IN LIQUIDATION
                             (DOLLARS IN THOUSANDS)

<TABLE>
<CAPTION>


                                                               MARCH 31,   DECEMBER 31,
                                                                  2001         2000
                                                              -----------  ------------
          Assets, at estimated fair value                     (Unaudited)
<S>                                                           <C>          <C>
Cash and cash equivalents ..................................  $     1,943  $     3,556
Trust assets, net ..........................................       43,726       44,472
                                                              -----------  -----------
       Total assets ........................................       45,669       48,028
                                                              -----------  -----------
          Less liabilities at face or estimated amount
Payables and accrued liabilities ...........................        1,669        1,928
                                                              -----------  -----------
       Total liabilities ...................................        1,669        1,928
                                                              -----------  -----------
Commitments and contingencies ..............................           --           --
          Trust net asset value attributable to:
Class "B" Certificate, 2,454,310 units outstanding .........       44,000       46,100
Class "C" Certificate, 725,729 units outstanding ...........           --           --
                                                              -----------  -----------
       Total net asset value ...............................  $    44,000  $    46,100
                                                              ===========  ===========
</TABLE>

                      CONSOLIDATED STATEMENTS OF INCOME AND
                    CHANGES IN NET ASSET VALUE IN LIQUIDATION
                             (DOLLARS IN THOUSANDS)
                                   (UNAUDITED)
<TABLE>
<CAPTION>

                                                      THREE MONTHS ENDED MARCH 31,
                                                      ----------------------------
                                                         2001              2000
                                                      ----------       -----------
<S>                                                   <C>              <C>
Changes in fair value of trust assets ............    $      926       $     1,715
Interest income on short-term investments ........            49                45
Administrative expense ...........................          (621)             (599)
                                                      ----------       -----------
       Net income ................................           354             1,161
                                                      ----------       -----------
Net asset value, beginning of period .............        46,100            52,400
Distributions on Class "B" Certificate ...........        (2,454)           (2,461)
                                                      ----------       -----------
Net asset value, end of period ...................    $   44,000       $    51,100
                                                      ==========       ===========
</TABLE>

See accompanying notes to consolidated financial statements.

                                        2

<PAGE>   3




                  FIRSTCITY LIQUIDATING TRUST AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                             (DOLLARS IN THOUSANDS)
                                   (UNAUDITED)

<TABLE>
<CAPTION>

                                                                   THREE MONTHS ENDED MARCH 31,
                                                                   ----------------------------
                                                                       2001             2000
                                                                   -----------       ----------
<S>                                                                <C>               <C>
Cash flows from operating activities:
    Net income ..................................................  $       354       $    1,161
    Adjustments to reconcile net income to net cash provided
    by operating activities:
       Changes in fair value of trust assets ....................         (926)          (1,715)
       Collections on trust assets, net of advances .............        1,672            2,136
       Decrease in payables and accrued liabilities .............         (259)            (144)
                                                                   -----------       ----------
          Net cash provided by operating activities .............          841            1,438
                                                                   -----------       ----------

Cash flows from financing activities:
    Distributions on Class "B" Certificate ......................       (2,454)          (2,454)
                                                                   -----------       ----------

          Net cash used in financing activities .................       (2,454)          (2,454)
                                                                   -----------       ----------

    Net decrease in cash and cash equivalents ...................  $    (1,613)      $   (1,016)
    Cash and cash equivalents, beginning of period ..............        3,556            5,271
                                                                   -----------       ----------
    Cash and cash equivalents, end of period ....................  $     1,943       $    4,255
                                                                   ===========       ==========
</TABLE>

See accompanying notes to consolidated financial statements.


                                       3

<PAGE>   4



                  FIRSTCITY LIQUIDATING TRUST AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                                 March 31, 2001

(A)      Basis of Presentation

         The unaudited consolidated financial statements of FirstCity
Liquidating Trust (the "Trust", formerly the "Debtor") reflect, in the opinion
of management, all adjustments, consisting only of normal and recurring
adjustments, necessary to present fairly the Trust's net assets in liquidation
at March 31, 2001, and its changes in net asset value in liquidation and cash
flows for the three month periods ended March 31, 2001 and 2000.

         Management of the Trust has made certain estimates and assumptions
relating to the reporting of assets and liabilities and the disclosure of
contingent assets and liabilities to prepare these consolidated financial
statements in conformity with accounting principles generally accepted in the
United States of America. Actual results could differ from those estimates.

         By order of the U.S. Bankruptcy Court for the Northern District of
Texas, Dallas Division, unsurrendered securities of the Debtor were required to
be submitted for exchange into Class B or Class C Certificates by May 31, 2000.
As of that date, securities representing 2,454,310 Class B Certificates and
725,729 Class C Certificates had been exchanged. Prior to May 31, 2000,
certificates outstanding were assumed equal to an exchange of all Debtor
securities. Accordingly, in the second quarter of 2000, a liability for
distributions on the unsurrendered Class B Certificates was reversed. Holders of
the remaining unsurrendered securities of the Debtor will have no rights to
receive any distributions on Trust securities.

         Certain amounts in the financial statements for prior periods have been
reclassified to conform with current financial statement presentation.

(B)      Trust Assets

         Trust assets are comprised of the following (dollars in thousands):

<TABLE>
<CAPTION>

                                                             March 31,    December 31,
Estimated Gross Cash Flow by Type of Asset                     2001           2000
                                                            -----------   ------------
                                                            (unaudited)
<S>                                                         <C>           <C>
Borrowers' obligation on outstanding balance of:
    Performing loans ..................................     $     2,128   $      2,718
    Nonperforming loans ...............................              81             81
Real estate and other assets ..........................          46,927         47,142
                                                            -----------   ------------

    Total .............................................          49,136         49,941
                                                            -----------   ------------

    Discount required to reflect trust assets at
         estimated fair value .........................          (5,410)        (5,469)
                                                            -----------   ------------

Trust assets, net .....................................     $    43,726   $     44,472
                                                            ===========   ============
</TABLE>

                                        4

<PAGE>   5


                  FIRSTCITY LIQUIDATING TRUST AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                                  (continued)


         For each asset, estimates of income, expense and net cash flow on a
monthly basis through the expected final disposition date are prepared by
management of the Trust. The individual asset budget is developed based upon
factors which include physical inspection of the asset or the collateral
underlying the related loan, local market conditions, contractual payments or
rents, and discussions with the relevant borrower. The Trust's management and
the Portfolio Committee periodically reevaluate and revise projected monthly
cash flows on an asset by asset basis. At March 31, 2001 and December 31, 2000,
the projected monthly cash flows were discounted at 11% to reflect the Trust
assets at estimated fair value. The Trust assets are highly concentrated in
Texas.

         The March 31, 2001 consolidated statement of net assets in liquidation
reflects a value of $45 million for a 67% interest in a partnership which owns
the First City Tower, a Class A office building located in downtown Houston.
UIDC Management, Inc. owns the remaining 33% of the partnership. The Trust
publicly stated its intent to market its share of the partnership in the first
quarter of 2000.

         The Trust received a letter dated February 18, 2000 from UIDC in which
UIDC alleged that in 1997 it "exercised" its contractual right of first refusal
to purchase the 67% partnership interest. This alleged exercise of the right of
first refusal arose in connection with an unconsummated prior transaction which
was itself the subject of previously settled litigation. The letter further
states that UIDC "demands that the Trust tender its partnership interest".
Adjusted for refinancing costs, the alleged right of first refusal would have
been on a value of approximately $25 million for the partnership interest.

         The Trust filed a lawsuit on March 9, 2000 seeking a declaratory
judgment that UIDC failed in May 1997 to properly exercise its right of first
refusal under the Limited Partnership Agreement of FC Tower Property Partners,
L.P. or, in the alternative, that UIDC waived and/or is estopped from asserting
such right. Additionally, the Trust filed a motion for summary judgment. On
February 27, 2001 a federal district judge in the U.S. District Court for the
Southern District of Texas, Houston Division (the "Court") ruled that the
Trust's motion for summary judgment be denied and that UIDC's motion for summary
judgment be granted in part and denied in part. Specifically, the judge ruled
that, as a matter of law, UIDC had properly exercised its right of first refusal
to purchase the 67% interest in May of 1997. The judge further ruled that UIDC's
summary judgment motion be denied as it pertains to questions of whether UIDC is
prevented from enforcing that right because of alleged breaches of the resulting
option agreement, or because UIDC is estopped from specific performance based
upon its refusal to buy the interest when given the chance in October of 1997.
These latter questions will be subject to further discovery and potentially to a
trial by jury.

         Management of FirstCity Liquidating Trust strongly disagrees with this
ruling. Issues remain to be tried concerning whether UIDC is nevertheless barred
from enforcing its option to acquire the 67% partnership interest (a) because of
alleged breaches of that agreement and (b) because UIDC declined to purchase the
partnership interest when subsequently offered in October of 1997 at a price
even more favorable than that offered in May of 1997. Finally, even if the Trust
was not successful

                                       5

<PAGE>   6


                  FIRSTCITY LIQUIDATING TRUST AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                                  (continued)


on either of these trial points, there will remain equitable questions
pertaining to the precise terms upon which UIDC's acquisition of the partnership
interest may be ordered by the court, given all the pertinent circumstances. No
adjustment has been made to the value of the partnership interest because, in
the opinion of Trust management, it is not probable that the resolution of the
dispute with UIDC will have a material adverse impact on the consolidated
financial position, results of operations or liquidity of the Trust.

         FirstCity Liquidating Trust cannot predict the outcome of any such
legal matters; however, the current litigation makes it unlikely that any
near-term deal to sell the interest can be accomplished.

(C)      Distribution Priorities

         The Trust is required to apply all proceeds from liquidation and
disposition of the Trust's assets first to payment of normal operating expenses.
Second, Trust proceeds totaling $188 million were distributed to FirstCity
Financial Corporation ("FirstCity") to retire the Class A Certificate in
December 1997. The third order of distribution of Trust proceeds is payments
pursuant to employment and bonus agreements with certain former employees of the
Debtor. The bonus pool and executive long-term incentive plan provides for the
payment of bonuses equal to 4.76% of additional distributions to Class B
Certificate holders and (if any) Class C Certificate holders.

         Fourth, Class B Certificate holders are entitled to distributions up to
the Pour-Over Level. The Pour-Over Level (approximately $49 million at March 31,
2001) is the liquidation preference on July 3, 1995 of the Debtor's Series B and
Series E preferred stock, less the nominal stated value of FirstCity special
preferred stock and the book value of FirstCity common stock issued to the
Series B and Series E holders, plus interest at an annual rate of 6.5% from July
3, 1995. The Pour-Over Level is reduced for distributions to Class B Certificate
holders. In the first quarter of 2001, $2.5 million, or $1.00 per Certificate,
was distributed to Class B Certificate holders and a $112,000 bonus was paid to
certain former employees of the Debtor. For the year ended December 31, 2000,
$9.8 million, or $4.00 per Certificate, was distributed to Class B Certificate
holders and a $.4 million bonus was paid to certain former employees of the
Debtor.

         Lastly, Class C Certificate holders receive distributions, if any,
after any remaining payments to Class B Certificate holders up to the Pour-Over
Level (approximately $20.09 per unit as of March 31, 2001).

         The ultimate amounts to be distributed to the holders of the B and C
Certificates will result from the cash flow actually realized from the
liquidation of the non-cash Trust assets (principally the partnership interest
discussed in Note B). The determination of the net asset value of the Trust in
the accompanying consolidated statements of net assets in liquidation is based
upon estimates of future cash flows. The actual cash flows and the timing of
such cash flows may vary significantly from those estimates, thus affecting the
final distributions to the Certificate holders.


                                       6
<PAGE>   7


                  FIRSTCITY LIQUIDATING TRUST AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                                  (continued)



(D)      Commitments and Contingencies

         The Trust is involved in various other legal proceedings in the
ordinary course of business. In the opinion of management of the Trust, the
resolution of such matters will not have a material adverse impact on the
consolidated financial position, results of operations or liquidity of the
Trust.

         In 1996 the FDIC closed the receiverships of the Debtor's banks and
distributed the remaining surplus of those receiverships to the Trust. In
accordance with a conveyance and indemnification agreement, the Trust is
required, among other things, to provide indemnity to the FDIC against any known
or unknown liabilities, obligations or actual expenses associated with the
receiverships, in an aggregate amount up to $10 million until the termination of
the Trust. Management of the Trust does not believe that, to the extent the
Trust is obligated to pay certain claims or expenses associated with the past
obligations of the Debtor's banks, such payments will have a material adverse
impact on the consolidated financial position, results of operations or
liquidity of the Trust.



                                       7
<PAGE>   8


Item 2.  Management's Discussion and Analysis of Financial Condition and Results
         of Operations.

         The operations of the Trust for the first quarter of 2001 and 2000 are
summarized below (dollars in thousands):

<TABLE>
<CAPTION>

                                                       First Quarter       First Quarter
                                                           2001                2000
                                                       -------------       -------------
<S>                                                    <C>                 <C>
Changes in fair value of trust assets ..............   $         926       $       1,715
Interest income on short-term investments ..........              49                  45
Administrative expense .............................            (621)               (599)
                                                       -------------       -------------


       Net income ..................................   $         354       $       1,161
                                                       =============       =============
</TABLE>

         The estimated fair value of the Trust's assets increased $.9 million in
the first quarter of 2001 as compared to $1.7 million in the first quarter of
2000. Factors which contributed to the enhancement of the net asset value of the
Trust's assets in the first quarters of 2001 and 2000 include (i) the
appreciation in value of certain assets attributable to a favorable interest
rate environment and the effect of such favorable interest rates on the
marketability of real estate and (ii) the increase in the estimated market value
of the Trust's assets that naturally occurs as the remaining life of the Trust
(and concomitantly the discount factor applied in calculating net asset value)
decreases.

         Interest income on short-term investments was flat year to year.

         Administrative expense totaled $.6 million in the first quarter of 2001
and the first quarter of 2000. A $112,000 bonus, based on distributions to Class
B Certificate holders, was paid to certain former employees of the Debtor in the
first quarter of 2001 and the first quarter of 2000.

         In the first quarter of 2001, the Trust distributed $2.5 million, or
$1.00 per Certificate, to Class B Certificate holders. This distribution was
made possible principally by $1.7 million in net collections on Trust assets in
2001 and cash held at December 31, 2000. The Class B Beneficial Interests were
valued at $44.0 million at March 31, 2001.

         Non-cash trust assets at March 31, 2001 and December 31, 2000 were
comprised of the following (dollars in thousands):

<TABLE>
<CAPTION>

                                                       March 31,     December 31,
Estimated Gross Cash Flow by Type of Asset               2001           2000
                                                       ---------     -----------
<S>                                                    <C>           <C>
Borrowers' obligation on outstanding balance of:
    Performing loans .............................     $   2,128     $    2,718
    Nonperforming loans ..........................            81             81
Real estate and other assets .....................        46,927         47,142
                                                       ---------     ----------
    Total ........................................        49,136         49,941
                                                       ---------     ----------

    Discount required to reflect trust assets at
         estimated fair value ....................        (5,410)        (5,469)
                                                       ---------     ----------

Trust assets, net ................................     $  43,726    $    44,472
                                                       =========    ===========
</TABLE>


                                       8
<PAGE>   9


         For each asset, estimates of income, expense and net cash flow on a
monthly basis through the expected final disposition date are prepared by
management of the Trust. The individual asset budget is developed based upon
factors which include physical inspection of the asset or the collateral
underlying the related loan, local market conditions, contractual payments or
rents, and discussions with the relevant borrower. The Trust's management and
the Portfolio Committee periodically reevaluate and revise projected monthly
cash flows on an asset by asset basis. At March 31, 2001 and December 31, 2000,
the projected monthly cash flows were discounted at 11% to reflect the Trust
assets at estimated fair value. The Trust assets are highly concentrated in
Texas.

         The March 31, 2001 consolidated statement of net assets in liquidation
reflects a value of $45 million for a 67% interest in a partnership which owns
the First City Tower, a Class A office building located in downtown Houston.
UIDC Management, Inc. owns the remaining 33% of the partnership. The Trust
publicly stated its intent to market its share of the partnership in the first
quarter of 2000.

         The Trust received a letter dated February 18, 2000 from UIDC in which
UIDC alleged that in 1997 it "exercised" its contractual right of first refusal
to purchase the 67% partnership interest. This alleged exercise of the right of
first refusal arose in connection with an unconsummated prior transaction which
was itself the subject of previously settled litigation. The letter further
states that UIDC "demands that the Trust tender its partnership interest".
Adjusted for refinancing costs, the alleged right of first refusal would have
been on a value of approximately $25 million for the partnership interest.

         The Trust filed a lawsuit on March 9, 2000 seeking a declaratory
judgment that UIDC failed in May 1997 to properly exercise its right of first
refusal under the Limited Partnership Agreement of FC Tower Property Partners,
L.P. or, in the alternative, that UIDC waived and/or is estopped from asserting
such right. Additionally, the Trust filed a motion for summary judgment. On
February 27, 2001 a federal district judge in the U.S. District Court for the
Southern District of Texas, Houston Division (the "Court") ruled that the
Trust's motion for summary judgment be denied and that UIDC's motion for summary
judgment be granted in part and denied in part. Specifically, the judge ruled
that, as a matter of law, UIDC had properly exercised its right of first refusal
to purchase the 67% interest in May of 1997. The judge further ruled that UIDC's
summary judgment motion be denied as it pertains to questions of whether UIDC is
prevented from enforcing that right because of alleged breaches of the resulting
option agreement, or because UIDC is estopped from specific performance based
upon its refusal to buy the interest when given the chance in October of 1997.
These latter questions will be subject to further discovery and potentially to a
trial by jury.

         Management of FirstCity Liquidating Trust strongly disagrees with this
ruling. Issues remain to be tried concerning whether UIDC is nevertheless barred
from enforcing its option to acquire the 67% partnership interest (a) because of
alleged breaches of that agreement and (b) because UIDC declined to purchase the
partnership interest when subsequently offered in October of 1997 at a price
even more favorable than that offered in May of 1997. Finally, even if the Trust
was not successful on either of these trial points, there will remain equitable
questions pertaining to the precise terms upon which UIDC's acquisition of the
partnership interest may be ordered by the court, given all the pertinent
circumstances. No adjustment has been made to the value of the partnership
interest because, in the opinion of Trust management, it is not probable that
the resolution of the dispute with


                                       9
<PAGE>   10


UIDC will have a material adverse impact on the consolidated financial position,
results of operations or liquidity of the Trust.

         FirstCity Liquidating Trust cannot predict the outcome of any such
legal matters; however, the current litigation makes it unlikely that any
near-term deal to sell the interest can be accomplished.




                                       10
<PAGE>   11



PART II - OTHER INFORMATION

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

         (a) Exhibits

          Exhibit
            No.                      Description
          -------  ------------------------------------------------------------

          2.1(1)  Joint Plan of Reorganization for First City Bancorporation of
                  Texas, Inc., as modified, under Chapter 11 of the United
                  States Bankruptcy Code, as confirmed by the U.S. Bankruptcy
                  Court for the Northern District of Texas, Dallas Division, on
                  May 31, 1995.
          2.2(5)  Order Extending Term of FirstCity Liquidating Trust, dated
                  June 18, 1999.
          3.1(1)  The Liquidating Trust Agreement, dated as of July 3, 1995, by
                  and between First City Bancorporation of Texas, Inc. and
                  Shawmut Bank Connecticut, National Association (subsequently
                  Fleet National Bank, now State Street Bank and Trust Company),
                  as Trustee.
         10.1(3)  Employment Agreement, effective as of July 3, 1995, by and
                  between FCLT Loans Asset Corp. and Robert W. Brown, as amended
                  May 1, 1996.
         10.2(2)  Settlement Agreement, dated as of June 22, 1994, as amended as
                  of January 30, 1995, by and among FDIC-Corporate, the
                  FDIC-Receivers and the First City Parties.
         10.3(3)  Conveyance and Indemnification Agreement, dated December 23,
                  1996, between FDIC-Corporate, the FDIC-Receivers, FCLT Loans,
                  L.P. and the Trust.
         10.4(4)  Extension of Conveyance and Indemnification Agreement, dated
                  in April 1999, between FDIC-Corporate, the FDIC-Receivers,
                  FCLT Loans, L.P. and the Trust.

----------

          (1) Filed as the exhibit indicated to the Registration Statement on
          Form 10 filed with the Securities and Exchange Commission on May 1,
          1996 and incorporated herein by reference.

          (2) Filed as the exhibit indicated to the Registration Statement on
          Form 10/A filed with the Securities and Exchange Commission on July
          10, 1996 and incorporated herein by reference.

          (3) Filed as the exhibit indicated to the Form 10-K for the fiscal
          year ended December 31, 1996 filed with the Securities and Exchange
          Commission and incorporated herein by reference.

          (4) Filed as the exhibit indicated to the Form 10-Q for the quarter
          ended March 31, 1999 filed with the Securities and Exchange Commission
          and incorporated herein by reference.

          (5) Filed as the exhibit indicated to the Form 10-Q for the quarter
          ended June 30, 1999 filed with the Securities and Exchange Commission
          and incorporated herein by reference.

          (b) Reports on Form 8-K. Reports on Form 8-K were filed by the
          Registrant with the Commission dated February 12, 2001 and February
          27, 2001.


                                       11
<PAGE>   12


                                   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.


                                      STATE STREET BANK AND TRUST COMPANY,
                                      as Trustee


Date: April 27, 2001                  /s/ Susan T. Keller
                                      ------------------------------------
                                      Name: Susan T. Keller
                                           -------------------------------
                                      Title: Vice President
                                            ------------------------------


                                       12
<PAGE>   13

                                  EXHIBIT INDEX

<TABLE>
<CAPTION>



          EXHIBIT
            NO.                      DESCRIPTION
          ------- ------------------------------------------------------------
          <S>     <C>
          2.1(1)  Joint Plan of Reorganization for First City Bancorporation of
                  Texas, Inc., as modified, under Chapter 11 of the United
                  States Bankruptcy Code, as confirmed by the U.S. Bankruptcy
                  Court for the Northern District of Texas, Dallas Division, on
                  May 31, 1995.
          2.2(5)  Order Extending Term of FirstCity Liquidating Trust, dated
                  June 18, 1999.
          3.1(1)  The Liquidating Trust Agreement, dated as of July 3, 1995, by
                  and between First City Bancorporation of Texas, Inc. and
                  Shawmut Bank Connecticut, National Association (subsequently
                  Fleet National Bank, now State Street Bank and Trust Company),
                  as Trustee.
         10.1(3)  Employment Agreement, effective as of July 3, 1995, by and
                  between FCLT Loans Asset Corp. and Robert W. Brown, as amended
                  May 1, 1996.
         10.2(2)  Settlement Agreement, dated as of June 22, 1994, as amended as
                  of January 30, 1995, by and among FDIC-Corporate, the
                  FDIC-Receivers and the First City Parties.
         10.3(3)  Conveyance and Indemnification Agreement, dated December 23,
                  1996, between FDIC-Corporate, the FDIC-Receivers, FCLT Loans,
                  L.P. and the Trust.
         10.4(4)  Extension of Conveyance and Indemnification Agreement, dated
                  in April 1999, between FDIC-Corporate, the FDIC-Receivers,
                  FCLT Loans, L.P. and the Trust.
</TABLE>
----------

          (1) Filed as the exhibit indicated to the Registration Statement on
          Form 10 filed with the Securities and Exchange Commission on May 1,
          1996 and incorporated herein by reference.

          (2) Filed as the exhibit indicated to the Registration Statement on
          Form 10/A filed with the Securities and Exchange Commission on July
          10, 1996 and incorporated herein by reference.

          (3) Filed as the exhibit indicated to the Form 10-K for the fiscal
          year ended December 31, 1996 filed with the Securities and Exchange
          Commission and incorporated herein by reference.

          (4) Filed as the exhibit indicated to the Form 10-Q for the quarter
          ended March 31, 1999 filed with the Securities and Exchange Commission
          and incorporated herein by reference.

          (5) Filed as the exhibit indicated to the Form 10-Q for the quarter
          ended June 30, 1999 filed with the Securities and Exchange Commission
          and incorporated herein by reference.

          (b) Reports on Form 8-K. Reports on Form 8-K were filed by the
          Registrant with the Commission dated February 12, 2001 and February
          27, 2001.

                                       13