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               SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C.  20549


                           FORM 10-K


(Mark One)
[X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
     SECURITIES EXCHANGE ACT OF 1934
     For the fiscal year ended December 31, 1999

                               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 No. 333-20147

              HOUSEHOLD CONSUMER LOAN TRUST 1997-1
     (Exact name of Registrant as specified in Department
      of the Treasury, Internal Revenue Service Form SS-4)


                       HOUSEHOLD FINANCE CORPORATION
                        (Administrator of the Trust)
      (Exact name as specified in Administrator's charter)



            DELAWARE                      36-3670374
(State or other jurisdiction of       (I.R.S. Employer
incorporation of Administrator)    Identification Number of
                                   Registrant)


 2700 SANDERS ROAD, PROSPECT HEIGHTS, ILLINOIS         60070
(Address of principal executive offices of           (Zip Code)
Administrator)


Administrator's telephone number including area code (847)564-5000


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

The aggregate principal amount of the Notes held by non-affiliates
of the Administrator as of December 31, 1999 was approximately $840
million.

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                        INTRODUCTORY NOTE




     Household Consumer Loan Trust 1997-1 (the "Issuer") is the
issuer of Household Consumer Loan Asset-Backed Notes, Series 1997-1
(the "Notes") were issued pursuant to an indenture, dated as of
March 1, 1997 between the Issuer and The Bank of New York, as
indenture trustee.  The Notes were secured by a participation
interest (the "Series 1997-1 Participation") in certain consumer
loan receivables held by Household Consumer Loan Deposit Trust I
(the "Deposit Trust").  The Deposit Trust was formed pursuant to a
Pooling and Servicing Agreement, dated as of September 1, 1995, by
and among Household Consumer Loan Corporation, as Seller (the
"Seller"), Household Finance Corporation, as servicer (the
Servicer") and The Chase Manhattan Bank, N. A., as deposit trustee
(the "Deposit Trustee").

     The Issuer was formed pursuant to a Trust Agreement, dated as
of March 1, 1997 (the "Trust Agreement") between the Seller and The
Chase Manhattan Bank Delaware, as owner trustee (the "Owner
Trustee").  In addition to the Notes, pursuant to the Trust
Agreement, the Issuer also issued the Household Consumer Loan
Asset-Backed Certificates, Series 1997-1 (the "Certificates") which
were not registered under the Securities Act of 1933, as amended.

     On behalf of the Issuer Household Finance Corporation, as
Administrator, has prepared this Form 10-K in reliance upon various
no-action letters issued by the Securities and Exchange Commission
(the "Commission") to other trusts which are substantially similar
to the Issuer.  Items designated herein as "Not Applicable" have
been omitted as a result of this reliance.


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                                 PART I


Item 1.   Business.

          Not Applicable.


Item 2.   Properties.

          Not Applicable.


Item 3.   Legal Proceedings.

          The Servicer is not aware of any material pending legal
          proceedings involving either the Registrant, the Trustee,
          the Seller or the Servicer with respect to the Notes or
          the Registrant's property.


Item 4.   Submission of Matters to a Vote of Security Holders.

          No vote or consent of the holders of the Notes (the
          "Noteholders") was solicited for any purpose during the
          year ended December 31, 1999.




                         PART II


Item 5.   Market for Registrant's Common Equity and Related
          Stockholder Matters.

          To the best knowledge of the Administrator, there is no
          established public trading market for the Notes.  As of
          March 1, 2000, there were 11 Class A-1 Noteholders, 4
          Class A-2 Noteholders and 5 Class A-3 Noteholders, some
          of whom may be holding Notes for the accounts of others.


Item 6.   Selected Financial Data.

          Not Applicable.


Item 7.   Management's Discussion and Analysis of Financial
          Condition and Results of Operations.

          Not Applicable.

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Item 8.   Financial Statements and Supplementary Data.

          Not Applicable.


Item 9.   Changes in and Disagreements with Accountants on
          Accounting and Financial Disclosure.

          None.




                            PART III


Item 10.  Directors and Executive Officers of the Registrant.

          Not Applicable.


Item 11.  Executive Compensation.

          Not Applicable.


Item 12.  Security Ownership of Certain Beneficial Owners and
          Management.

          The following table sets forth (i) the name and address
          of each entity owning more than 5% of the outstanding
          principal amount of the Class A-1, Class A-2 or Class A-3
          Notes; (ii) the principal amount of Notes owned by each
          and (iii) the percent that the principal amount of Notes
          owned represents of the outstanding principal amount of
          the Class A-1, Class A-2 or Class A-3 Notes.  The
          information set forth in the table is based upon
          information obtained by the Administrator from the
          Trustee and from The Depository Trust Company as of March
          1, 2000.  The Administrator is not aware of any Schedules
          13D or 13G filed with the Securities and Exchange
          Commission in respect of the Notes.


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                                             Amount Owned
                                        All dollar amounts are
                                             in thousands

Name and Address                        Principal      Percent

Class A-1 Noteholders

Bank of New York                        $ 75,000        10.28%
925 Patterson Plank Road
Secaucus, NJ  07094

HSBC Bank USA/Republic                  $ 46,000         6.30%
Investment Account
One Hanson Place, Lower Level
Brooklyn, NY 11243

State Street Bank & Trust Company       $453,600        62.17%
Global Corp. Action Dept. JAB5W
1776 Heritage Drive
NO. Quincy, MA 02171


Class A-2 Noteholders

Bankers Trust Company                   $ 29,500        61.46%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211

Boston Safe Deposit and                 $  7,500        15.63%
  Trust Company
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259

Norwest Bank Minnesota,                 $ 10,000        20.83%
National Association
733 Marquette Avenue
Minneapolis, MN 55479-0056



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                                             Amount Owned
                                        All dollar amounts are
                                             in thousands

Name and Address                        Principal      Percent

Class A-3 Noteholders

Bankers Trust Company                   $  25,000       40.06%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211

Boston Safe Deposit and                 $  24,000       38.46%
  Trust Company
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259

Citibank, N.A.                          $  62,400       13.46%
P.O. Box 30576
Tampa, FL 33630-3576

Norwest Bank Minnesota N.A.             $  4,500         7.21%
733 Marquette Avenue
Minneapolis, MN 55479-0056


Item 13.  Certain Relationships and Related Transactions.

          None or Not Applicable.


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                                PART IV

Item 14.  Exhibits, Financial Statement Schedules, and Reports on
          Form 8-K.

          (a)  List the following documents filed as a part of the
               report:

               (1)  Financial Statements

                    Not Applicable.

               (2)  Financial Statement Schedules

                    Not Applicable.

               (3)  The Administrator, on behalf of the Issuer,
                    is obligated to prepare, and has so prepared,
                    an Annual Statement for the year 1999, and the
                    Independent Public Accountants are required to
                    prepare an Annual Report as to Compliance for
                    such year.  Copies of said documents are or
                    will be filed as exhibits to this Form 10-K
                    when they are available.

          (b)  The Registrant filed the following current reports
               on Form 8-K for the fourth quarter of 1999:

               Date of Reports               Items Covered

               October 15, 1999    Item 7. - Statement to
               November 15, 1999   Noteholders with respect
               December 14, 1999   to the distributions on October
                                   14, 1999, November 12, 1999,
                                   and December 14, 1999.

          (c)  Exhibit 99.  Copy of Annual Statement for the
               year ended December 31, 1999.

          (d)  Not Applicable.
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                                SIGNATURES




     Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Servicer has duly caused this
report to be signed on behalf of the Household Consumer Loan Trust
1997-1 by the undersigned, thereunto duly authorized.




                             HOUSEHOLD FINANCE CORPORATION,
                         as Administrator of and on behalf of the

                          HOUSEHOLD CONSUMER LOAN TRUST 1997-1
                                    (Registrant)




Date:  March 29, 2000         By: /s/John W. Blenke
                                 John W. Blenke
                                 Assistant Secretary















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                           Exhibit Index


Exhibit No.    Exhibit

99             Copy of Annual Statement
               for the year ended
               December 31, 1999