<PAGE>

                         SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
                                          
                                          
                                     FORM 10-Q/A
                              
     [X]           AMENDMENT NO.1 TO QUARTERLY REPORT PURSUANT
                          TO SECTION 13 OR 15(d) OF THE
                          SECURITIES EXCHANGE ACT OF 1934
                   (For the Quarterly Period ended June 30, 1997)

                                          OR

     [   ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                          SECURITIES EXCHANGE ACT OF 1934
            For transition period from ________________to_______________

                           Commission File Number:  0-24286

                                 EAGLE FINANCE CORP.
                (Exact name of Registrant as specified in its charter)



            DELAWARE                          36-2464365    
(State or other jurisdiction of   (IRS Employer Identification Number)
incorporation or organization)

1425 TRI-STATE PARKWAY, GURNEE, ILLINOIS     60031-4060
(Address of principal executive offices)     (Zip Code)

                                    (847) 855-7150          
                 (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:

10,000,000 shares of common stock, $0.01 par value per share, were authorized
and 4,198,100 shares were issued and outstanding as of June 30, 1997.


<PAGE>

EXPLANATION OF AMENDMENT

     This Form 10-Q/A, Amendment No. 1 is intended to amend the Quarterly
Report on Form 10-Q for the quarter ended June 30, 1997 (the "Original
Report") solely for the limited purpose of revising financial information
included in the Original Report for the three and six month periods ending
June 30, 1997 (including the financial data schedule filed as Exhibit 27).
The amended financial information is intended to reflect Installment Contract
sales during the second quarter of 1997 to General Electric Capital Corporation
("GECC") pursuant to the Asset Purchase Agreement dated as of June 25, 1996,
as amended, between the Company and GECC (including the related Servicing
Agreement, the "GECC Agreements") as financing transactions pursuant to the
provisions of Financial Accounting Standards No. 125, "Accounting for Transfers
and Servicing of Financial Assets and Extinguishment of Liabilities" ("SFAS
125") which the registrant adopted as of January 1, 1997.  Readers are
advised to review the registrant's Annual Report on Form 10-K for the year
ended December 31, 1997 for a Management's Discussion and Analysis of Financial
Condition and Results of Operations that reflects the impact of FASB 125 on
the registrant in 1997.

                                           2

<PAGE>






                                 EAGLE FINANCE CORP.
                                          
                                     FORM 10-Q/A
                                          
                              ________________________
                                          
                                 TABLE OF CONTENTS
                              ________________________

<TABLE>
<CAPTION>

                                                                                 PAGE
                                                                               NUMBER
                           PART I - FINANCIAL INFORMATION

Item 1.   FINANCIAL STATEMENTS
     
<S>                                                                          <C>
          Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4

          Statements of Income (Loss). . . . . . . . . . . . . . . . . . . . . . . .5

          Statements of Changes in Stockholders' Equity (Deficit). . . . . . . . . .6

          Statements of Cash Flows . . . . . . . . . . . . . . . . . . . . . . . . .7

          Notes to Financial Statements. . . . . . . . . . . . . . . . . . . . . . .8

                            PART II - OTHER INFORMATION

Item 6.   EXHIBITS AND REPORTS ON FORM 8-K . . . . . . . . . . . . . . . . . . . . 11

SIGNATURES     . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .S-1


</TABLE>
                                       3

<PAGE>
                                          
                           PART I - FINANCIAL INFORMATION

ITEM 1.        FINANCIAL INFORMATION

     As more fully described in the notes to the Financial Statements, financial
information has been restated to conform the Company's quarterly reporting for
1997 and 1998 to the provisions of Financial Accounting Standards Board
Statement ("FASB") No. 125, "Accounting for Transfers and Servicing of Financial
Assets and Extinguishments of Liabilities" ("FASB 125").


                                         
                                EAGLE FINANCE CORP.
                                    BALANCE SHEETS
                  AS OF JUNE 30, 1998 AND 1997 AND DECEMBER 31, 1997
                                     (Unaudited)

<TABLE>
<CAPTION>
                                         ASSETS
                                                           JUNE 30,             DECEMBER 31,
                                                       1998          1997           1997
                                                   ------------  ------------  ---------------
<S>                                               <C>          <C>            <C>
Finance receivables, owned . . . . . . . . . . . .  $7,826,531    $39,753,660    $28,455,232
Nonrefundable acquisition discount . . . . . . . .     (98,617)      (796,936)    (1,179,708)
Allowance for credit losses. . . . . . . . . . . .  (1,284,039)    (4,296,219)    (2,986,419)
                                                   ------------  ------------  ---------------
Finance receivables, net owned . . . . . . . . . .   6,443,875     34,660,505     24,289,105
                                                   ------------  ------------  ---------------
Finance receivables, Installment Contract sales. .  18,553,340     28,804,642     27,060,820
Allowance for credit losses related to 
   Installment Contract sales. . . . . . . . . . .  (2,549,076)    (3,374,101)    (3,353,808)
Additional allowance represented on titled assets,
   Installment Contract sales. . . . . . . . . . .    (312,200)      (150,765)      (470,113)
                                                   ------------  ------------  ---------------
Finance receivables, net Installment Contract 
   sales . . . . . . . . . . . . . . . . . . . . .  15,692,064     25,279,776     23,236,899
                                                   ------------  ------------  ---------------
Excess servicing receivable. . . . . . . . . . . .        --          670,335           --  
Cash . . . . . . . . . . . . . . . . . . . . . . .     349,676      3,658,884      1,809,248
Money market investments . . . . . . . . . . . . .   3,000,000        552,863        552,521
Prepaid expenses and debt issuance costs . . . . .     543,843        896,718        834,674
Prepaid expenses other . . . . . . . . . . . . . .      84,983        221,615        195,296
Repossessed or titled assets . . . . . . . . . . .   1,073,972      2,008,584      2,091,011
Income tax receivable. . . . . . . . . . . . . . .     776,457      1,470,529      1,268,152
Other assets . . . . . . . . . . . . . . . . . . .     460,304      2,159,838        548,913
                                                   ------------  ------------  ---------------
                                                 $  28,425,174  $  71,579,647    $54,825,819
                                                   ------------  ------------  ---------------
                                                   ------------  ------------  ---------------
                   LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
   
Notes payable, Installment Contract Sales. . . . . $16,004,264    $25,430,541    $23,707,012
Senior debt. . . . . . . . . . . . . . . . . . . .        --       20,048,498     15,034,111
Subordinated debt. . . . . . . . . . . . . . . . .  17,543,768     17,631,728     17,543,768
Accrued interest . . . . . . . . . . . . . . . . .     496,818        502,991        162,370
Accounts payable and accrued liabilities . . . . .   1,002,832      2,100,272        694,577
Dealer reserves. . . . . . . . . . . . . . . . . .        --          273,590           --  
                                                   ------------  ------------  ---------------
Total liabilities. . . . . . . . . . . . . . . . .  35,047,682     65,987,620     57,141,838
Stockholders' equity (deficit):. . . . . . . . . .            
Preferred Stock, authorized 3,000,000 shares;
   none issued . . . . . . . . . . . . . . . . . .        --             --             --  
Common Stock:  $.01 par value, authorized 
   10,000,000 shares, issued and outstanding 
   4,228,690 shares. . . . . . . . . . . . . . . .      42,287         41,891         42,287
Additional paid-in capital . . . . . . . . . . . .  13,593,206     13,514,422     13,593,206
Retained earnings (deficit). . . . . . . . . . . . (20,258,001)    (7,964,286)   (15,951,512)
                                                   ------------  ------------  ---------------
Total stockholders' equity (deficit) . . . . . . .  (6,622,508)     5,592,027     (2,316,019)
                                                   ------------  ------------  ---------------
                                                 $  28,425,174   $ 71,579,647    $54,825,819
                                                   ------------  ------------  ---------------
                                                   ------------  ------------  ---------------
                                          
</TABLE>
                   See accompanying notes to financial statements.
                                          


                                          4
                                                                  

<PAGE>

                                     EAGLE FINANCE CORP.
                                    STATEMENTS OF INCOME
                      THREE AND SIX MONTHS ENDED JUNE 30, 1998 AND 1997
                                        (Unaudited)

<TABLE>
<CAPTION>

                                                    THREE MONTHS ENDED JUNE 30,   SIX MONTHS ENDED JUNE 30,
                                                         1998        1997            1998          1997
                                                   -----------    -----------    -----------    -----------
<S>                                              <C>          <C>            <C>            <C>
Interest income, owned:
   Interest and fee income, owned receivables . .   $  408,924   $  3,178,395   $  1,619,897   $  6,605,984
   Interest expense, owned receivables (senior
      and subordinated debt) . . . . . . . . . . .    (463,973)    (1,310,153)    (1,339,201)    (2,760,479)
                                                   -----------    -----------    -----------    -----------
Net interest income, owned receivables . . . . . .     (55,049)     1,868,242        280,696      3,845,505
Provision for credit losses, owned receivables . .    (725,600)    (2,793,321)      (725,600)    (3,168,321)
                                                   -----------    -----------    -----------    -----------
Net interest income after provision
   for credit losses, owned receivables. . . . . .    (780,649)      (925,079)       444,904        677,184
                                                   -----------    -----------    -----------    -----------
Interest income, Installment Contract sales:
   Interest income, Installment Contract sales . .   1,163,038      1,046,283      2,615,475      1,046,282
   Interest expense, Installment Contract sales
      (notes payable). . . . . . . . . . . . . . .    (435,800)      (350,441)      (953,492)      (350,441)
   Provision for credit losses, Installment
      Contract sales . . . . . . . . . . . . . . .    (440,559)      (896,020)    (1,160,345)      (896,020)
                                                   -----------    -----------    -----------    -----------
Net interest income after provision for credit
   losses, Installment Contract sales. . . . . . .     286,679       (200,178)       501,638       (200,179)
                                                   -----------    -----------    -----------    -----------
Other income:
   Service fee income. . . . . . . . . . . . . . .     923,275      1,722,442      1,748,987      2,502,897
   Commission and other. . . . . . . . . . . . . .        --            2,634           --            5,044
                                                   -----------    -----------    -----------    -----------
Total other income . . . . . . . . . . . . . . . .     923,275      1,725,076      1,748,987      2,507,941
                                                   -----------    -----------    -----------    -----------
Income before operating expenses . . . . . . . . .     429,305        599,819      1,805,721      2,984,946
Operating expenses:
   Salaries and related costs. . . . . . . . . . .   1,057,099      1,951,323      2,309,903      3,986,468
   Collection expenses . . . . . . . . . . . . . .     334,878        831,257        801,001        831,257
   Other operating expenses. . . . . . . . . . . .   1,868,082      1,024,931      3,001,306      2,882,933
                                                   -----------    -----------    -----------    -----------
Total operating expenses . . . . . . . . . . . . .   3,260,059      3,807,511      6,112,210      7,700,658
                                                   -----------    -----------    -----------    -----------
Loss before income taxes . . . . . . . . . . . . .  (2,830,754)    (3,207,692)    (4,306,489)    (4,715,712)
Applicable income taxes. . . . . . . . . . . . . .        --             --             --             --  
                                                   -----------    -----------    -----------    -----------
Net loss . . . . . . . . . . . . . . . . . . . . . $(2,830,754)   $(3,207,692)   $(4,306,489)   $(4,715,712)
                                                   -----------    -----------    -----------    -----------
                                                   -----------    -----------    -----------    -----------
Weighted average common shares outstanding:
   Basic . . . . . . . . . . . . . . . . . . . . .   4,228,690      4,189,100      4,228,690      4,189,100
   Diluted . . . . . . . . . . . . . . . . . . . .   4,228,690      4,189,100      4,228,690      4,189,100
Per share net income (loss) attributable to
   common shares:
   Basic . . . . . . . . . . . . . . . . . . . . .      $(0.67)        $(0.77)        $(1.02)        $(1.13)
   Diluted . . . . . . . . . . . . . . . . . . . .      $(0.67)        $(0.77)        $(1.02)        $(1.13)

</TABLE>

             See accompanying notes to financial statements.


                                          5

<PAGE>


                                EAGLE FINANCE CORP.

             STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT)
               THREE AND SIX MONTHS ENDED JUNE 30, 1998 AND 1997.
                                  (Unaudited)

<TABLE>
<CAPTION>

                                                    THREE MONTHS ENDED JUNE 30,    SIX MONTHS ENDED JUNE 30,
                                                        1998          1997          1998             1997
                                                   ------------  -----------   -------------   --------------
<S>                                              <C>            <C>            <C>            <C>
Common stock:
   Balance at beginning of period. . . . . . . . . $    42,287    $    41,891    $    42,287   $     41,891
         
Additional paid-in capital:
   Balance at beginning and end of period. . . . .  13,593,206     13,514,422     13,593,206     13,514,422
Retained earnings: . . . . . . . . . . . . . . . .            
   Balance at beginning of period. . . . . . . . . (17,427,247)    (4,756,594)   (15,951,512)    (3,248,575)
   Net income (loss) . . . . . . . . . . . . . . .  (2,830,754)    (3,207,692)    (4,306,489)    (4,715,711)
                                                   ------------  -----------   -------------   --------------
                                                   (20,258,001)    (7,964,286)   (20,258,001)    (7,964,286)
                                                   ------------  -----------   -------------   --------------
Total stockholders' equity (deficit) . . . . . . . $(6,622,508)    $5,592,027    $(6,622,508)    $5,592,027
                                                   ------------  -----------   -------------   --------------
                                                   ------------  -----------   -------------   --------------

</TABLE>

                    See accompanying notes to financial statements.


                                       6

<PAGE>

                             EAGLE FINANCE CORP.
                         STATEMENTS OF CASH FLOWS
              THREE AND SIX MONTHS ENDED JUNE 30, 1998 AND 1997
                               (Unaudited)

<TABLE>
<CAPTION>

                                                 THREE MONTHS ENDED JUNE 30,       SIX MONTHS ENDED JUNE 30,
                                                      1998            1997           1998            1997
                                                   ------------  -----------   -------------   --------------
<S>                                               <C>          <C>            <C>             <C>
Cash flows from operating activities:
   Net loss. . . . . . . . . . . . . . . . . . . . $(2,830,754)   $(3,207,692)   $(4,306,489)   $(4,715,711)
   Adjustments to reconcile net income to net cash
      provided by (used in) operating activities:.
         Provision for credit losses . . . . . . .     725,600      2,793,321        725,600      3,168,321
         Net finance receivable charge-offs 
            against allowance. . . . . . . . . . .    (691,185)    (2,887,052)    (2,427,980)    (4,917,616)
         Decrease  in: . . . . . . . . . . . . . .            
            Prepaid expenses . . . . . . . . . . .      55,716         80,438        110,313        151,574
            Excess servicing receivable. . . . . .        --          177,574           --          380,255
            Repossessed or titled assets . . . . .     340,233        903,764      1,017,039      2,240,859
            Other assets . . . . . . . . . . . . .     672,753        384,451         88,609         16,858
            Income tax receivable. . . . . . . . .      25,007      3,406,729        491,695      4,266,729
         Increase (decrease) in: . . . . . . . . .
            Accrued interest . . . . . . . . . . .     315,051        250,180        334,448         34,458
            Accounts payable and accrued 
               liabilities . . . . . . . . . . . .     331,551       (415,164)       308,255        201,377
            Dealer reserves. . . . . . . . . . . .        --           (3,091)          --          (13,193)
         Nonrefundable acquisition discount. . . .     (32,232)    (1,943,844)    (1,081,091)      (646,228)
                                                   ------------  -------------   -------------   --------------
Net cash provided by (used in) operating 
   activities. . . . . . . . . . . . . . . . . . .  (1,088,260)      (460,386)    (4,739,601)       167,683
                                                   ------------  -------------   -------------   --------------
Cash flows from investing activities:. . . . . . .            
   Proceeds from sale of investments . . . . . . .  (3,000,000)        (7,863)    (2,447,479)          (212)
   Proceeds from bulk sale of vehicle retail
      installment notes. . . . . . . . . . . . . .     163,463     30,750,043     14,516,615     30,750,043
   Principal collected on finance receivables,
      owned. . . . . . . . . . . . . . . . . . . .     894,200      3,786,113      3,120,687      9,949,907
   Principal new originations and repurchases 
      of finance receivables . . . . . . . . . . .    (971,610)   (12,855,876)    (1,139,310)   (31,364,741)
   Principal write-off on finance receivables, 
      owned. . . . . . . . . . . . . . . . . . . .   1,844,552      1,238,211      4,130,709      5,575,057
   Finance receivables, Installment Contract 
      sales. . . . . . . . . . . . . . . . . . . .        --      (30,750,043)          --      (30,750,043)
   Principal collected (net of write-offs), 
     Installment Contract sales. . . . . . . . . .   3,608,672      5,470,267      7,544,835      5,470,267
                                                   ------------  -------------   -------------   --------------
Net cash provided by (used in) investing 
     activities. . . . . . . . . . . . . . . . . .   2,539,277     (2,369,148)    25,726,057    (10,369,722)
                                                   ------------  -------------   -------------   --------------
Cash flows from financing activities:. . . . . . .            
   Proceeds from Installment Contract sales. . . .        --       30,750,043           --       30,750,043
   Repayments of borrowings, Installment Contract 
      sales. . . . . . . . . . . . . . . . . . . .  (3,672,148)    (5,319,502)    (7,702,748)    (5,319,502)
   Proceeds from draws on bank line of credit 
      agreements . . . . . . . . . . . . . . . . .        --       29,592,066           --       39,229,348
   Repayments of borrowings under bank line of 
      credit agreements. . . . . . . . . . . . . .        --      (51,092,066)   (14,997,499)   (51,092,066)
   Debt to affiliate . . . . . . . . . . . . . . .        --         (140,764)       (36,612)      (916,677)
   Proceeds from issuance of other debt. . . . . .        --            7,714           --           50,768
   Repayment of other debt . . . . . . . . . . . .     (23,409)        (4,217)          --         (396,760)
   Debt issuance costs . . . . . . . . . . . . . .     141,396         73,383        290,831        284,175
                                                   ------------  -------------   -------------   --------------
Net cash provided by (used in) financing 
   activities. . . . . . . . . . . . . . . . . . .  (3,554,161)     3,866,657    (22,446,028)    12,589,329
                                                   ------------  -------------   -------------   --------------
Cash, net change . . . . . . . . . . . . . . . . .  (2,103,144)     1,037,123     (1,459,572)     2,387,290
Cash at beginning of period. . . . . . . . . . . .   2,452,820      2,621,761      1,809,248      1,271,594
                                                   ------------  -------------   -------------   --------------
Cash at end of period. . . . . . . . . . . . . . .    $349,676     $3,658,884       $349,676     $3,658,884
                                                   ------------  -------------   -------------   --------------
                                                   ------------  -------------   -------------   --------------
Supplemental cash flow disclosures - cash paid
    during the period for:
    Interest . . . . . . . . . . . . . . . . . . .    $141,796     $1,094,431       $997,597     $2,760,479
    Income taxes and Illinois replacement tax. . .    $   --       $       15       $    595     $    1,925

</TABLE>

                  See accompanying notes to financial statements.



                                            7

<PAGE>

                                 EAGLE FINANCE CORP.

                            NOTES TO FINANCIAL STATEMENTS


1. The financial statements of Eagle Finance Corp., a Delaware corporation 
(the "Company"), are unaudited, but in the opinion of management reflect all 
necessary adjustments, consisting only of normal recurring accruals, for a 
fair presentation of results as of the dates and for the periods covered by 
the financial statements. The results for the interim periods are not 
necessarily indicative of the results of operations that may be expected for 
the fiscal year.  Management suggests that the unaudited interim financial 
statements contained herein be read in conjunction with the financial 
statements and the accompanying notes to the financial statements included in 
the Company's 1997 Annual Report on Form 10-K.

2. Net income (loss) per common share amounts are based on the weighted 
average number of common shares and common stock equivalents outstanding as 
reflected on Exhibit 11 to this Quarterly Report on Form 10-Q.

3. As of January 1, 1997, the Company adopted FASB 125.  FASB 125 provides 
accounting and reporting standards for transfers and servicing of financial 
assets and retirements of liabilities based on consistent application of a 
financial components approach that focuses on control.  It distinguishes 
transfers of financial assets that are sales from transfers that are secured 
borrowings.

4. The Company has restated the financial statements for the three and six 
months ended June 30, 1997 to restate transactions recorded in prior periods 
as gain on sale in order to reflect such transactions as financing 
transactions pursuant to the provisions of FASB 125.  Such restatement 
affects the accounting treatment of Installment Contract (as defined below) 
sales to General Electric Capital Corporation ("GECC") pursuant to the Asset 
Purchase Agreement dated as of June 25, 1996, as amended, between the Company 
and GECC (including the related Servicing Agreement, the "GECC Agreements") 
(the "1997 GECC Transactions") that occurred during the second and third 
quarters of 1997.  The restatement resulted in the following increases 
(decreases) for the three and six months ended June 30, 1997:  

<TABLE>
<CAPTION>

                                                Three months ended      Six months ended
                                                   June 30, 1997         June 30, 1997
                                                -------------------    ----------------
<S>                                            <C>                   <C>
   Gain on securitization . . . . . . . . . . . .   $(2,621,232)        $(2,621,232)
   Interest income, Installment Contract sales. .     1,046,283           1,046,283
   Interest expense, Installment Contract sales .       350,441             350,441
   Provision for credit losses, Installment
     Contract sales . . . . . . . . . . . . . . .       896,020             896,020
   Service fee income . . . . . . . . . . . . . .       (63,325)            (63,325)
   Net income . . . . . . . . . . . . . . . . . .    (2,758,085)         (2,758,085)
   Retained earnings. . . . . . . . . . . . . . .    (2,758,085)         (2,758,085)
   Net income per share . . . . . . . . . . . . .   $     (0.66)        $     (0.66)

</TABLE>

5.   In February 1997, FASB Statement No. 128, "Earnings Per Share" ("FASB
128"), was issued. FASB 128 superseded APB Opinion No. 15, "Earnings Per Share"
and specifies the computation, presentation, and disclosure requirements for
earnings per share (EPS) for entities with publicly held common stock or
potential common stock.  FASB 128 was issued to simplify the computation of EPS


                                       8

<PAGE>

and to make the U.S. standard more compatible with the EPS standards of other
countries and that of the International Accounting Standards Committee.  It
replaced the presentation of primary EPS with a presentation of basic EPS and
fully diluted EPS with diluted EPS.  It also requires dual presentation of basic
and diluted EPS on the face of the income statement for all entities with
complex capital structures and requires a reconciliation of the numerator and
denominator of the basic EPS computation to the numerator and denominator of the
diluted EPS computation.

     Basic EPS, unlike primary EPS, excludes dilution and is computed by 
dividing income available to common stockholders by the weighted-average 
number of common shares outstanding for the period.  Diluted EPS reflects the 
potential dilution that could occur if securities or other contracts to issue 
common stock were exercised or converted into common stock or resulted in the 
issuance of common stock that then shared in the earnings of the entity.  
Diluted EPS is computed similarly to fully diluted EPS under APB 15.

     FASB 128 is effective for financial statements for both interim and 
annual periods ending after December 15, 1997.  Earlier application is not 
permitted (although pro forma EPS disclosure in the footnotes for periods 
prior to required adoption is permitted).  After adoption, all prior-period 
EPS data presented must be restated to conform with FASB 128.  Although no 
assurances can be provided, the Company does not expect adoption of FASB 128 
to have a significant impact on the Company's financial condition or results 
of operations.

     In June 1997, FASB issued FASB Statement No. 130, "Reporting 
Comprehensive Income", which is effective for fiscal years beginning after 
December 15, 1997 ("FASB 130").  The statement establishes standards for 
reporting and display of comprehensive income and its components (revenues, 
expenses, gains and losses) in a full set of general-purpose financial 
statements.  This statement requires that all items that are required to be 
recognized under accounting standards as components of comprehensive income 
be reported in a financial statement that is displayed with the same 
prominence as other financial statements.  

     In July 1997, the FASB issued SFAS No. 131, "Disclosures About Segments 
of an Enterprise and Related Information."  SFAS 131 requires disclosures for 
each segment that are similar to those required under current standards with 
the addition of quarterly disclosure requirements and a finer partitioning of 
geographic disclosures.  SFAS 131 is effective for fiscal years beginning 
after December 15, 1997 with earlier application permitted.

     In management's opinion, SFAS Nos. 130 and 131, did not have a material 
effect of the Company's financial statements.

THIS REPORT MAY CONTAIN CERTAIN 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 COMPANY INTENDS SUCH 
FORWARD-LOOKING STATEMENTS TO BE COVERED BY THE SAFE HARBOR PROVISIONS FOR 
FORWARD-LOOKING STATEMENTS CONTAINED IN THE PRIVATE SECURITIES REFORM ACT OF 
1995, AND IS INCLUDING THIS STATEMENT FOR PURPOSES OF INDICATING SUCH INTENT. 
FORWARD-LOOKING STATEMENTS THAT ARE BASED ON CERTAIN ASSUMPTIONS, AND 
DESCRIBE FUTURE PLANS, STRATEGIES AND EXPECTATIONS OF THE COMPANY, ARE 
GENERALLY IDENTIFIABLE BY USE OF THE WORDS "BELIEVE," "EXPECT," "INTEND," 
"ANTICIPATE," "ESTIMATE," "PROJECT" OR SIMILAR EXPRESSIONS.  THE COMPANY'S 
ABILITY TO PREDICT RESULTS OR THE ACTUAL EFFECT OF FUTURE PLANS OR STRATEGIES 
IS INHERENTLY UNCERTAIN. FACTORS THAT COULD HAVE A MATERIAL ADVERSE EFFECT ON 
THE OPERATIONS AND FUTURE PROSPECTS OF THE COMPANY INCLUDE, BUT ARE NOT 
LIMITED TO, ACTIONS BY CREDITORS OR OTHER THIRD PARTIES, THE RESOLUTION OF 
LEGAL PROCEEDINGS IN WHICH THE COMPANY IS (OR MAY BECOME) INVOLVED, CHANGES 
IN INTEREST RATES, GENERAL ECONOMIC CONDITIONS, LEGISLATIVE/REGULATORY 
CHANGES, MONETARY AND FISCAL POLICIES OF THE U.S. GOVERNMENT, INCLUDING 
POLICIES OF THE U.S. TREASURY AND THE FEDERAL RESERVE BOARD, THE QUALITY OR 
COMPOSITION OF THE COMPANY'S PORTFOLIO OF FINANCE RECEIVABLES, THE 

                                 9

<PAGE>


ABILITY OF THE COMPANY TO OBTAIN DEBT OR OTHER FINANCING, COMPETITION, DEMAND 
FOR FINANCIAL SERVICES IN THE COMPANY'S MARKET AREA AND ACCOUNTING 
PRINCIPLES, POLICIES AND GUIDELINES. THESE RISKS AND UNCERTAINTIES SHOULD BE 
CONSIDERED IN EVALUATING FORWARD-LOOKING STATEMENTS AND UNDUE RELIANCE SHOULD 
NOT BE PLACED ON SUCH STATEMENTS.  FURTHER INFORMATION CONCERNING THE COMPANY 
AND ITS BUSINESS, INCLUDING ADDITIONAL FACTORS THAT COULD MATERIALLY AFFECT 
THE COMPANY'S FINANCIAL RESULTS, IS INCLUDED IN OTHER COMPANY FILINGS WITH 
THE SECURITIES AND EXCHANGE COMMISSION.

                                  10

<PAGE>

                                          
                            PART II - OTHER INFORMATION


ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K

          (a)  Exhibits

<TABLE>
<CAPTION>
           Exhibit
              No.            Description
           -------           -----------
             <S>             <C>
             27              Financial Data Schedule
</TABLE>


                                       11

<PAGE>


                                     SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this amendment to be signed on its behalf by the
undersigned thereunto duly authorized.

                                                 EAGLE FINANCE CORP.


Date: November 4, 1998                            /s/  Robert J. Braasch
                                                      -----------------
                                                      Robert J. Braasch
                                                      President and Chief
                                                         Financial Officer
                                                      (Duly Authorized Officer
                                                         and Principal
                                                         Financial Officer)

                                       S-1

<PAGE>


                                EXHIBIT INDEX


EXHIBIT
  NO.          DESCRIPTION
        
27        Financial Data Schedule



<PAGE>