SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   FORM 10 - K/A

                ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934


                For the annual fiscal period ended June 30, 1997,
                        Commission File No. 333-06929-02

                             UACSC 1996-C AUTO TRUST
             (Exact name of registrant as specified in its charter)

               Delaware                                   35-1937340
       State or other jurisdiction of                  (I.R.S. Employer
       incorporation or organization                   Identification Number)
                                                       UAC Securitization
                                                       Corporation

     250 Shadeland Avenue, Suite 210 A
     Indianapolis, Indiana                                     46219
     (address of principal                                   (zip code)
     executive offices)
     UAC Securitization Corporation

     Registrant's telephone number including area code    (317) 231-6414

     Securities registered pursuant to Section 12 (b) of the Act: None

     Securities registered pursuant to Section 12 (g) of the Act: None


     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 1937 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

     DOCUMENTS INCORPORATED BY REFERENCE:        None


<PAGE>


     Item 6 of Part II is amended to add the  reference to the  inclusion of the
Servicer's  Certificate  Report for the month  ending  June 30, 1997 and exhibit
99-2 is  refiled  to  correct  the  ending  Balance  amount in the  Surety  Bond
Reconciliation section thereof.

                                     PART II

          Item 6.  Selected Financial Data.

          No financial data is required of UAC  Securitization  Corporation,  as
     Registrant  (Registration Statement No. 333-06929-02 on form S-3), inasmuch
     as the  Registration  Statement was filed for and on behalf of UACSC 1996-C
     Auto Trust and, furthermore,  because of UAC Securitization  Corporation is
     not  a  guarantor   of  any  of  the   payments   due  from  the  Trust  to
     Certificateholders.

          The  regular  monthly  report  form,  which the Trustee is required to
     include   with   each   monthly    distribution    of   Trust   assets   to
     Certificateholders,  sets forth for the prior  calendar  month,  as well as
     cumulatively,  all of the relevant  financial  information  required by the
     applicable   pooling  and   servicing   agreement  to  be   reportable   to
     Certificateholders.

          The UAC  Securitization  Corporation  UACSC 1996-C Auto Trust  Monthly
     Servicer's  Certificate  Reports for the months ending April 30, 1997,  May
     31, 1997 and June 30, 1997;  Consolidated  Monthly  Servicer's  Certificate
     Report,  for the period  August 31, 1996  through  June 30,  1997;  and the
     December  31,  1996  and  1995  Financial  Statements  of  Capital  Markets
     Assurance  Corporation,  the surety bond issuer are incorporated  herein by
     reference and attached hereto as Exhibits (Exhibit No. 99-1, 99-2 and 99-3,
     respectively).

          The foregoing presents all relevant financial  information relating to
     the Trust.  Because of the  limited  business  activity  of the Trust,  the
     Selected  Financial  Data specified in Item 301 of Regulation S-K would not
     provide meaningful additional information.


<PAGE>


          Pursuant to the requirements of Section 13 or 15 (d) of the Securities
     Exchange Act of 1934,  the  Registrant has duly caused this Amendment No. 1
     to Form 10-K to be signed on its behalf by the undersigned,  thereunto duly
     authorized  Servicer of the UACSC  1996-C Auto Trust,  for and on behalf of
     UACSC 1996-C Auto Trust. UACSC 1996-C Auto Trust

     By:  Union Acceptance Corporation, as Servicer



     Date:    October 1, 1997        By: /s/ Rick A. Brown
                                             -------------------------
                                             Rick A. Brown
                                             Vice President



<PAGE>

                                  EXHIBIT INDEX


   No.      Description
  -----     -----------
    4       Pooling and Servicing Agreement Respecting 
            UACSC 1996-C Auto Trust                          *

            UACSC 1996-C Auto Trust Monthly
            Servicer's Certificate Reports:

   99-1(a)  Month Ended April 30, 1997                      **
   99-1(b)  Month Ended May 31, 1997                        **
   99-1(c)  Month Ended June 30, 1997                       **


   99-2     UACSC 1996-C Auto Trust                         
            Consolidated Monthly Servicer's                  
            Certificate Report Period
            08/31/96 Through 06/30/97

   99-3     Capital  Markets  Assurance  Corporation  Balance  Sheet as of
            December  31,  1996  and 1995 and the  Related  Statements  of
            Income,  Stockholders  Equity  and Cash  Flows for each of the
            years  in  the  three-year  period  ended  December  31,  1996
            (Incorporated  by  reference  from  pages  F-1 to  F-20 of the
            Current  Report on Form 8-K of the  UACSC  1997-C  Auto  Trust
            (File #333-06929, C1K 000100392) as filed on or about September
            12, 1997).



*   Incorporated by Reference to Exhibit 4 to Form 8-K filed August 20, 1996.
**  Previously Filed