TABLE OF CONTENTS




|             |  |  |  |  |  |  |  | 
|------------ |  |  |  |  |  |  |  | 
|FORM 10-K   
|Exhibit 99.1
|Exhibit 99.2
|Exhibit 99.3



---



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




FORM 10-K

(Mark One)

|  |  |                                                                                                                                  
|- |  | ---------------------------------------------------------------------------------------------------------------------------------
|X |  | ANNUAL REPORT PURSUANT TO SECTION 13 OF THE SECURITIES EXCHANGE ACT
OF 1934 FOR THE YEAR ENDED JUNE 30, 2000                     
| 
|  |  | TRANSITION REPORT PURSUANT TO SECTION 13 OF THE SECURITIES EXCHANGE ACT
OF 1934 FOR THE TRANSITION PERIOD FROM _______ TO ______.



|                                                     |  |                       
|---------------------------------------------------- |  | ----------------------
|AFG RECEIVABLES TRUST, 1996-A                        |  | 33-99536              
|                                                    
|                                                    
|                                                    
|                                                    
|AFG RECEIVABLES TRUST, 1996-B                        |  | 33-99536              
|                                                    
|                                                    
|                                                    
|                                                    
|AFG RECEIVABLES TRUST, 1996-C                        |  | 33-99536              
|                                                    
|                                                    
|                                                    
|                                                    
|AFG RECEIVABLES TRUST, 1996-D                        |  | 33-99536              
|                                                     |  |                       
|Exact Name of registrant as specified
in its charter |  | Commission
file number

|                                                             |  |                                   
|------------------------------------------------------------ |  | ----------------------------------
|California                                                   |  | 36-3792182                        
|                                                             |  |                                   
|State or other jurisdiction of
incorporation or organization |  | IRS Employer
Identification Number

Oakmont Circle 1, 601 Oakmont LaneWestmont, Illinois 60559-5549
(Address of Principal Executive Office)

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(c) 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 last 90 days. X Yes  No

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained herein, to
the best of the registrants knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. [X]





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##### Table of Contents



PART I.

ITEM 1.       BUSINESS

Each Trust was formed pursuant to a Pooling and Servicing Agreement between AFG
Receivables Corporation as Seller, AutoFinance Group, Inc. (now known as Key
Bank USA, National Association) as Servicer, and The Chase Manhattan Bank
(formerly known as Chemical Bank) as Trustee dated February 1, 1996 for Trust
1996-A, May 1, 1996 for Trust 1996-B, August 1, 1996 for Trust 1996-C and
November 1, 1996 for Trust 1996-D. The Trusts have each issued asset backed
certificates. The Trusts include retail installment contracts secured by new
and used automobiles and light trucks. All Trusts have been called during the
year ended June 30, 2000.

ITEM 2.       PROPERTIES

TRUST 1996-A (July 1, 1999 through August 31, 1999, Trust was called August 16,
1999)

|                                                       |  |   |           |  
|------------------------------------------------------ |  | - | --------- | -
|Class A Certificate Balance                            |  | $ | 0         |  
|                                                      
|                                                      
|                                                      
|                                                      
|Class A Pass through Rate                              |  |   | 5.45      | %
|                                                      
|                                                      
|                                                      
|                                                      
|Class B Certificate Balance                            |  | $ | 0         |  
|                                                      
|                                                      
|                                                      
|                                                      
|Class B Pass through Rate                              |  |   | 5.80      | %
|                                                      
|                                                      
|                                                      
|                                                      
|Class C Certificate Balance                            |  | $ | 0         |  
|                                                      
|                                                      
|                                                      
|                                                      
|Subordinated Spread Account Balance                    |  | $ | 0         |  
|                                                      
|                                                      
|                                                      
|                                                      
|Distributions Allocable to Principal                   |  | $ | 3,391,248 |  
|                                                      
|                                                      
|                                                      
|                                                      
|Distributions Allocable to Interest                    |  | $ | 56,752    |  
|                                                      
|                                                      
|                                                      
|                                                      
|Servicing Fees Paid or accrued to Servicer             |  | $ | 9,891     |  
|                                                      
|                                                      
|                                                      
|                                                      
|Net Losses                                             |  | $ | -21,423   |  
|                                                      
|                                                      
|                                                      
|                                                      
|Net Liquidation Proceeds Received                      |  | $ | 7,687     |  
|                                                      
|                                                      
|                                                      
|                                                      
|Number of Charged off Accounts                         |  |   | 3         |  
|                                                      
|                                                      
|                                                      
|                                                      
|Gross Principal Balance of Liquidated Accounts         |  | $ | 17,488    |  
|                                                      
|                                                      
|                                                      
|                                                      
|Recoveries of Previously Liquidated Contracts          |  | $ | 31,224    |  
|                                                      
|                                                      
|                                                      
|                                                      
|Average Annualized Net Loss Ratio                      |  |   | -7.58     | %
|                                                      
|                                                      
|                                                      
|                                                      
|Number of Accounts in Repossession as of
June 30, 2000 |  |   | 0         |  

|                   |                       |  |           |      |        |  |  |      |  
|------------------ | --------------------- |  | --------- | ---- | ------ |  |  | ---- | -
|                   |                       |  | Number of |      | Dollar
|                   |                       |  | Contracts |      | Amount
|                   |                       |  |           |      |       
|Delinquency Ratios
|                   | 30-59 Days Delinquent |  |           | 0.00 | %      |  |  | 0.00 | %
|                  
|                  
|                  
|                  
|                   | 60-89 Days Delinquent |  |           | 0.00 | %      |  |  | 0.00 | %
|                  
|                  
|                  
|                  
|                   | 90 Days and Over      |  |           | 0.00 | %      |  |  | 0.00 | %

Page 1



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##### Table of Contents



ITEM 2. (continued)        PROPERTIES

TRUST 1996-B (July 1, 1999 through October 31, 1999, Trust was called October
15, 1999)

|                                                       |  |   |           |  
|------------------------------------------------------ |  | - | --------- | -
|Class A Certificate Balance                            |  | $ | 0         |  
|                                                      
|                                                      
|                                                      
|                                                      
|Class A Pass Through Rate                              |  |   | 6.60      | %
|                                                      
|                                                      
|                                                      
|                                                      
|Class B Certificate Balance                            |  | $ | 0         |  
|                                                      
|                                                      
|                                                      
|                                                      
|Class B Pass Through Rate                              |  |   | 7.05      | %
|                                                      
|                                                      
|                                                      
|                                                      
|Class C Certificate Balance                            |  | $ | 0         |  
|                                                      
|                                                      
|                                                      
|                                                      
|Subordinated Spread Account Balance                    |  | $ | 0         |  
|                                                      
|                                                      
|                                                      
|                                                      
|Distributions Allocable to Principal                   |  | $ | 5,547,944 |  
|                                                      
|                                                      
|                                                      
|                                                      
|Distributions Allocable to Interest                    |  | $ | 253,426   |  
|                                                      
|                                                      
|                                                      
|                                                      
|Servicing Fees Paid or accrued to Servicer             |  | $ | 44,397    |  
|                                                      
|                                                      
|                                                      
|                                                      
|Net Losses                                             |  | $ | 10,150    |  
|                                                      
|                                                      
|                                                      
|                                                      
|Net Liquidation Proceeds Received                      |  | $ | 16,007    |  
|                                                      
|                                                      
|                                                      
|                                                      
|Number of Charged off Accounts                         |  |   | 31        |  
|                                                      
|                                                      
|                                                      
|                                                      
|Gross Principal Balance of Liquidated Accounts         |  | $ | 135,166   |  
|                                                      
|                                                      
|                                                      
|                                                      
|Recoveries of Previously Liquidated Contracts          |  | $ | 109,008   |  
|                                                      
|                                                      
|                                                      
|                                                      
|Average Annualized Net Loss Ratio                      |  |   | .98       | %
|                                                      
|                                                      
|                                                      
|                                                      
|Number of Accounts in Repossession as of
June 30, 2000 |  |   | 0         |  

|                   |                       |  |           |      |        |  |  |      |  
|------------------ | --------------------- |  | --------- | ---- | ------ |  |  | ---- | -
|                   |                       |  | Number of |      | Dollar
|                   |                       |  | Contracts |      | Amount
|                   |                       |  |           |      |       
|Delinquency Ratios
|                   | 30-59 Days Delinquent |  |           | 0.00 | %      |  |  | 0.00 | %
|                  
|                  
|                  
|                  
|                   | 60-89 Days Delinquent |  |           | 0.00 | %      |  |  | 0.00 | %
|                  
|                  
|                  
|                  
|                   | 90 Days and over      |  |           | 0.00 | %      |  |  | 0.00 | %

TRUST 1996-C (July 1, 1999 through January 31, 2000, Trust was called January
18, 2000)

|                                                       |  |   |           |  
|------------------------------------------------------ |  | - | --------- | -
|Class A Certificate Balance                            |  | $ | 0         |  
|                                                      
|                                                      
|                                                      
|                                                      
|Class A Pass Through Rate                              |  |   | 6.45      | %
|                                                      
|                                                      
|                                                      
|                                                      
|Class B Certificate Balance                            |  | $ | 0         |  
|                                                      
|                                                      
|                                                      
|                                                      
|Class B Pass Through Rate                              |  |   | 6.95      | %
|                                                      
|                                                      
|                                                      
|                                                      
|Class C Certificate Balance                            |  | $ | 0         |  
|                                                      
|                                                      
|                                                      
|                                                      
|Subordinated Spread Account Balance                    |  | $ | 0         |  
|                                                      
|                                                      
|                                                      
|                                                      
|Distributions Allocable to Principal                   |  | $ | 9,385,953 |  
|                                                      
|                                                      
|                                                      
|                                                      
|Distributions Allocable to Interest                    |  | $ | 739,628   |  
|                                                      
|                                                      
|                                                      
|                                                      
|Servicing Fees Paid or accrued to Servicer             |  | $ | 132,537   |  
|                                                      
|                                                      
|                                                      
|                                                      
|Net Losses                                             |  | $ | 26,195    |  
|                                                      
|                                                      
|                                                      
|                                                      
|Net Liquidation Proceeds Received                      |  | $ | 143,767   |  
|                                                      
|                                                      
|                                                      
|                                                      
|Number of Charged off Accounts                         |  |   | 103       |  
|                                                      
|                                                      
|                                                      
|                                                      
|Gross Principal Balance of Liquidated Accounts         |  | $ | 453,376   |  
|                                                      
|                                                      
|                                                      
|                                                      
|Recoveries of Previously Liquidated Contracts          |  | $ | 283,415   |  
|                                                      
|                                                      
|                                                      
|                                                      
|Average Annualized Net Loss Ratio                      |  |   | .34       | %
|                                                      
|                                                      
|                                                      
|                                                      
|Number of Accounts in Repossession as of
June 30, 2000 |  |   | 0         |  

|                   |                       |  |           |      |        |  |  |      |  
|------------------ | --------------------- |  | --------- | ---- | ------ |  |  | ---- | -
|                   |                       |  | Number of |      | Dollar
|                   |                       |  | Contracts |      | Amount
|                   |                       |  |           |      |       
|Delinquency Ratios
|                   | 30-59 Days Delinquent |  |           | 0.00 | %      |  |  | 0.00 | %
|                  
|                  
|                  
|                  
|                   | 60-89 Days Delinquent |  |           | .00  | %      |  |  | .00  | %
|                  
|                  
|                  
|                  
|                   | 90 Days and Over      |  |           | .00  | %      |  |  | .00  | %

Page 2



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##### Table of Contents



ITEM 2. (continued)        PROPERTIES

TRUST 1996-D (July 1, 1999 through May 31, 2000, Trust was called May 15, 2000)

|                                                       |  |   |            |  
|------------------------------------------------------ |  | - | ---------- | -
|Class A Certificate Balance                            |  | $ | 0          |  
|                                                      
|                                                      
|                                                      
|                                                      
|Class A Pass Through Rate                              |  |   | 6.10       | %
|                                                      
|                                                      
|                                                      
|                                                      
|Class B Certificate Balance                            |  | $ | 0          |  
|                                                      
|                                                      
|                                                      
|                                                      
|Class B Pass Through Rate                              |  |   | 6.65       | %
|                                                      
|                                                      
|                                                      
|                                                      
|Class C Certificate Balance                            |  | $ | 0          |  
|                                                      
|                                                      
|                                                      
|                                                      
|Subordinated Spread Account Balance                    |  | $ | 0          |  
|                                                      
|                                                      
|                                                      
|                                                      
|Distributions Allocable to Principal                   |  | $ | 15,668,164 |  
|                                                      
|                                                      
|                                                      
|                                                      
|Distributions Allocable to Interest                    |  | $ | 1,854,972  |  
|                                                      
|                                                      
|                                                      
|                                                      
|Servicing Fees Paid or accrued to Servicer             |  | $ | 330,954    |  
|                                                      
|                                                      
|                                                      
|                                                      
|Net Losses                                             |  | $ | 198,903    |  
|                                                      
|                                                      
|                                                      
|                                                      
|Net Liquidation Proceeds Received                      |  | $ | 296,924    |  
|                                                      
|                                                      
|                                                      
|                                                      
|Number of Charged off Accounts                         |  |   | 217        |  
|                                                      
|                                                      
|                                                      
|                                                      
|Gross Principal Balance of Liquidated Accounts         |  | $ | 1,055,547  |  
|                                                      
|                                                      
|                                                      
|                                                      
|Recoveries of Previously Liquidated Contracts          |  | $ | 559,721    |  
|                                                      
|                                                      
|                                                      
|                                                      
|Average Annualized Net Loss Ratio                      |  |   | 1.79       | %
|                                                      
|                                                      
|                                                      
|                                                      
|Number of Accounts in Repossession as of
June 30, 2000 |  |   | 0          |  

|                   |                       |  |           |      |        |  |  |      |  
|------------------ | --------------------- |  | --------- | ---- | ------ |  |  | ---- | -
|                   |                       |  | Number of |      | Dollar
|                   |                       |  | Contracts |      | Amount
|                   |                       |  |           |      |       
|Delinquency Ratios
|                   | 30-59 Days Delinquent |  |           | 0.00 | %      |  |  | 0.00 | %
|                  
|                  
|                  
|                  
|                   | 60-89 Days Delinquent |  |           | .00  | %      |  |  | .00  | %
|                  
|                  
|                  
|                  
|                   | 90 Days and over      |  |           | .00  | %      |  |  | .00  | %

|        |  |                  
|------- |  | -----------------
|ITEM 3. |  | LEGAL PROCEEDINGS

Nothing to report.

|        |  |                                                    
|------- |  | ---------------------------------------------------
|ITEM 4. |  | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

Nothing to report.

PART II.

|        |  |                                                                     
|------- |  | --------------------------------------------------------------------
|ITEM 5. |  | MARKET FOR REGISTRANTS COMMON STOCK AND RELATED STOCKHOLDER MATTERS

Nothing to report. All Trusts have been called during the year ended June 30,
2000.

|        |  |                                                                                     
|------- |  | ------------------------------------------------------------------------------------
|ITEM 9. |  | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

Nothing to report.

Page 3



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##### Table of Contents



PART III

|         |  |                                                                
|-------- |  | ---------------------------------------------------------------
|ITEM 12. |  | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.

Nothing to report. All Trusts have been called during the year ended June 30,
2000.

|         |  |                                               
|-------- |  | ----------------------------------------------
|ITEM 13. |  | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Nothing to report.

|         |  |                                                                
|-------- |  | ---------------------------------------------------------------
|ITEM 14. |  | EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K
|        
|         |  | (a) (1) FINANCIAL STATEMENTS                                   
|        
|         |  | Not applicable.                                                
|        
|         |  | (a) (2) FINANCIAL STATEMENT SCHEDULES                          
|        
|         |  | Not applicable.                                                
|        
|         |  | (a) (3) EXHIBITS                                               

|             |  |                                                                              |  |                                                                                                                                      
|------------ |  | ---------------------------------------------------------------------------- |  | -------------------------------------------------------------------------------------------------------------------------------------
|Designation  |  | Description                                                                  |  | Method of Filing                                                                                                                     
|             |  |                                                                              |  |                                                                                                                                      
|Exhibit 19.1 |  | Monthly Servicing Report -
for the period July 1 -
To July 31, 1999          |  | Filed as Exhibit 20 to
AFG Receivables Corp.
Current Report on Form
8-K dated August 26, 1999
and incorporated herein
by reference   
|            
|Exhibit 19.2 |  | Monthly Servicing Report -
for the period August 1 -
To August 31, 1999      |  | Filed as Exhibit 20 to
AFG Receivables Corp.
Current Report on Form
8-K dated September 28, 1999
and incorporated herein by
reference
|            
|Exhibit 19.3 |  | Monthly Servicing Report -
for the period September 1-
To September 30, 1999 |  | Filed as Exhibit 20 to
AFG Receivables Corp.
Current Report on Form
8-K dated October 25, 1999 and
incorporated herein by reference  

Page 4



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##### Table of Contents



ITEM 14. (continued)

|              |  |                                                                            |  |                                                                                                                                     
|------------- |  | -------------------------------------------------------------------------- |  | ------------------------------------------------------------------------------------------------------------------------------------
|Exhibit 19.4  |  | Monthly Servicing Report -
for the period October 1-
To October 31, 1999   |  | Filed as Exhibit 20 to
AFG Receivables Corp.
Current Report on Form
8-K dated November 23, 1999
and incorporated herein
by reference
|             
|Exhibit 19.5  |  | Monthly Servicing Report -
for the period November 1-
To November 30, 1999 |  | Filed as Exhibit 20 to
AFG Receivables Corp.
Current Report on Form
8-K dated December 21, 1999
and incorporated herein by
reference
|             
|Exhibit 19.6  |  | Monthly Servicing Report -
for the period December 1-
To December 31, 1999 |  | Filed as Exhibit 20 to
AFG Receivables Corp.
Current Report on Form
8-K dated January 27, 2000
and incorporated herein by
reference 
|             
|Exhibit 19.7  |  | Monthly Servicing Report -
for the period January 1-
To January 31, 2000   |  | Filed as Exhibit 20 to
AFG Receivables Corp.
Current Report on Form
8-K dated February 25, 2000
and incorporated herein by
reference
|             
|Exhibit 19.8  |  | Monthly Servicing Report -
for the period February 1-
To February 29, 2000 |  | Filed as Exhibit 20 to
AFG Receivables Corp.
Current Report on Form
8-K dated March 16, 1999 and
incorporated herein by reference   
|             
|Exhibit 19.9  |  | Monthly Servicing Report -
for the period March 1-
To March 31, 2000       |  | Filed as Exhibit 20 to
AFG Receivables Corp.
Current Report on Form
8-K dated April 25, 2000 and
incorporated herein by reference.  
|             
|Exhibit 19.10 |  | Monthly Servicing Report -
for the period April 1-
To April 30, 2000       |  | Filed as Exhibit 20 to
AFG Receivables Corp.
Current Report on Form
8-K dated May 25, 2000 and
incorporated herein by reference     

Page 5



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##### Table of Contents



ITEM 14. (continued)

|             |  |                                                                                    |  |                        
|------------ |  | ---------------------------------------------------------------------------------- |  | -----------------------
|Exhibit 99.1 |  | Officers Certificate dated as
Of June 30, 2000                                     |  | Filed with this report.
|            
|Exhibit 99.2 |  | Report of Independent
Accountants on internal
control over securitized
receivables |  | Filed with this report.
|            
|Exhibit 99.3 |  | Managements Report on
Internal Control over
Securitized Receivables               |  | Filed with this report 

SIGNATURES

Pursuant to the requirements of Section 13 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.

|                         |  |                                                                                          
|------------------------ |  | -----------------------------------------------------------------------------------------
|Date: September 26, 2000 |  | AFG Receivables Trust, 1996-A                                                            
|                        
|                        
|                        
|                        
|                         |  | AFG Receivables Trust, 1996-B                                                            
|                        
|                        
|                        
|                        
|                         |  | AFG Receivables Trust, 1996-C                                                            
|                        
|                        
|                        
|                        
|                         |  | AFG Receivables Trust, 1996-D                                                            
|                        
|                        
|                         |  | By: Key Bank USA, National Association, successor to
AutoFinance Group, Inc., as servicer
|                        
|                        
|                        
|                        
|                         |  | By: /s/ Michael R. Cavalco                                                               
|                         |  |                                                                                          
|                        
|                        
|                        
|                        
|                         |  | Name: Michael R. Cavalco                                                                 
|                        
|                        
|                        
|                        
|                         |  | Title: Vice President                                                                    

Page 6