Document:

Exhibit 4.9(h)
                                                                  --------------

                              AMENDMENT NUMBER 8 TO
                               SECURITY AGREEMENT

     AMENDMENT  NUMBER 8 TO SECURITY  AGREEMENT  (this  Amendment),  dated as of
March 7, 2002 by and among  UNION  ACCEPTANCE  FUNDING  CORPORATION,  an Indiana
corporation,  as seller (in such capacity,  the Seller),  UAFC-l CORPORATION,  a
Delaware corporation, as debtor (in such capacity, the Debtor), UNION ACCEPTANCE
CORPORATION,  an Indiana corporation (UAC),  individually and in its capacity as
collection agent (in such capacity,  the Collection  Agent),  ENTERPRISE FUNDING
CORPORATION,  a Delaware corporation (the Company), and BANK OF AMERICA, N.A., a
national banking  association (Bank of America),  individually and as collateral
agent and agent for the Company and the Bank  Investors,  and as  administrative
agent  (in  such   capacities,   the  Collateral   Agent,   the  Agent  and  the
Administrative  Agent,  respectively)  amending that certain Security  Agreement
dated as of May 25, 2000 (the Security Agreement).

     WHEREAS,  the parties hereto mutually desire to make certain  amendments to
the Security Agreement as hereinafter set forth.

     NOW, THEREFORE, the parties hereby agree as follows:

     SECTION  1.  Defined  Terms.  As used  in this  Amendment,  and  except  as
otherwise  provided  in this  Section 1,  capitalized  terms shall have the same
meanings assigned thereto in the Security Agreement.

     Exhibit  C  of  the  Security  Agreement  is  hereby  amended  by  deleting
subsection (c) and replacing it with the following:

          (c)  permit its Minimum Fixed Charge  Coverage Ratio for the March 31,
               2002 period to be less than .50 to 1.0.

     SECTION  2.  Representations  and  Warranties.  Each of the  Debtor and the
Collection   Agent,   represent   and  warrant   that  all  of  its   respective
representations and warranties described in Sections 3.1 and 3.2 of the Security
Agreement are true and correct as of the date hereof as if such  representations
and warranties were recited herein in their entirety.

     SECTION 3. Payment of  Expenses.  The Debtor  agrees to pay any  reasonable
attorney's  fees  and  expenses  of  the  Agent,   the  Collateral   Agent,  the
Administrative  Agent  and the  Company  in  connection  with  the  preparation,
execution and delivery of this Amendment.

     <PAGE>

     SECTION 4. Limited Scope.  This amendment is specific to the  circumstances
described  above  and does not imply any  future  amendment  or waiver of rights
allocated to the Debtor,  the Collection  Agent, the Agent,  the  Administrative
Agent or the Collateral Agent under the Security Agreement.

     SECTION 5. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

     SECTION 6.  Severability;  Counterparts.  This Amendment may be executed in
any  number  of  counterparts  and  by  different  parties  hereto  in  separate
counterparts,  each of which when so executed  shall be deemed to be an original
and all of  which  when  taken  together  shall  constitute  one  and  the  same
instrument.   Any  provisions  of  this   Amendment   which  are  prohibited  or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability  without  invalidating the
remaining provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render  unenforceable such provision in any
other jurisdiction.

     SECTION 7.  Ratification.  Except as expressly  affected by the  provisions
hereof,  the Security Agreement as amended shall remain in full force and effect
in accordance  with its terms and ratified and confirmed by the parties  hereto.
On and after the date hereof,  each reference in the Security  Agreement to this
Agreement,  hereunder,  herein  or  words  of like  import  shall  mean and be a
reference to the Security Agreement as amended by this Amendment.

     IN WITNESS  WHEREOF,  the parties  hereto have executed and delivered  this
Amendment Number 8 as of the date first written above.

                                       ENTERPRISE FUNDING CORPORATION,
                                          as Company

                                       By: /s/ Kevin P. Burns
                                          --------------------------------------
                                          Name:   Kevin P. Burns
                                          Title:  Vice President

                                       UAFC-1 CORPORATION,
                                          as Debtor

                                       By: /s/ Leeanne W. Graziani
                                          --------------------------------------
                                          Name:   Leeanne W. Graziani
                                          Title:  President

                                       UNION ACCEPTANCE FUNDING
                                         CORPORATION, as Seller

                                       By: /s/ Melanie S. Otto
                                          --------------------------------------
                                          Name:   Melanie S. Otto
                                          Title:

<PAGE>

                                       UNION ACCEPTANCE CORPORATION,
                                         individually and as Collection Agent

                                       By: /s/ Rick A. Brown
                                          --------------------------------------
                                          Name:  Rick A. Brown
                                          Title:

                                       BANK OF AMERICA, N.A.,
                                         individually and as Collateral Agent
                                        and Bank Investor

                                       By: /s/ Christopher G. Young
                                          --------------------------------------
                                          Name:   Christopher G. Young
                                          Title:  Vice PresidentExhibit 4.11(b)
                                                                 ---------------

                               SECOND AMENDMENT TO
                               SECURITY AGREEMENT

THIS  SECOND  AMENDMENT  TO SECURITY  AGREEMENT  (the  "Amendment")  dated as of
December  31,  2001  (this  "Amendment"),  is  entered  into by and among  UNION
ACCEPTANCE FUNDING CORPORATION, as Seller, VARIABLE FUNDING CAPITAL CORPORATION,
as a Company,  UAFC-2  CORPORATION,  as Debtor,  UNION  ACCEPTANCE  CORPORATION,
individually  and  as  Collection  Agent,  FIRST  UNION  SECURITIES,   INC.,  as
Collateral Agent and Deal Agent,  FIRST UNION NATIONAL BANK, as Paying Agent and
the BANK  INVESTORS  named  herein.  Capitalized  terms  used and not  otherwise
defined herein are used as defined in this Agreement (as defined below).

     WHEREAS,  the parties hereto entered into that certain Security  Agreement,
dated as of August 31, 2001, as amended (the "Agreement");

     WHEREAS,  the  parties  hereto  desire to amend the  Agreement  in  certain
respects as provided herein;

     NOW  THEREFORE,  in  consideration  of the  premises  and the other  mutual
covenants contained herein, the parties hereto agree as follows:

     SECTION 1. Amendments.

     (a) The  definition  of "Fixed Charge  Coverage  Ratio" in Exhibit C to the
Agreement is hereby amended in its entirety to read as follows:

     Fixed Charge Coverage Ratio means, as of the end of any calendar month, for
     the twelve (12)  calendar  month  period  then ended,  the ratio of (i) the
     Collection  Agent's Adjusted EBITDA, to (ii) the aggregate Interest Expense
     for the 12 month period  immediately  preceding  the date of  determination
     plus the excess,  if any, of (a) the sum of (1) Current  Maturities and (2)
     $10,000,000  over (b) the sum of (1) available cash and (2) Total Warehouse
     Borrowing Capacity less Warehouse Outstandings.

     (b) The definition of "Total Warehouse  Borrowing Capacity" in Exhibit C to
the Agreement is hereby  amended by replacing the word "Agents" where it appears
in the third line thereof with the word "Agent."

     (c) The following definitions are hereby added to Exhibit C in alphabetical
order thereto:

     Warehouse  Facility:   Any  warehouse  facility  of  the  Collection  Agent
     involving the financing of motor vehicle  contracts,  whether such facility
     be a securitization or otherwise secured.

     Warehouse  Outstandings  means the aggregate  principal amount  outstanding
     (less any prefunding (or similar) amounts) under any Warehouse Facility.

     SECTION 2. Agreement in Full Force and Effect as Amended.

     Except as specifically  amended hereby,  the Agreement shall remain in full
force and effect.  All  references to the Agreement  shall be deemed to mean the
Agreement, as modified hereby. This Agreement shall not constitute a novation of
the Agreement,  but shall  constitute an amendment  thereof.  The parties hereto
agree to be bound by the terms and  conditions of the  Agreement,  as amended by
this Amendment, as though such terms and conditions were set forth herein.

     SECTION 3. Miscellaneous.

     (a) This  Amendment may be executed in any number of  counterparts,  and by
the different parties hereto on the same or separate counterparts, each of which
shall be deemed to be an original  instrument  but all of which  together  shall
constitute one and the same agreement.  Delivery of an executed counterpart of a
signature page to this Amendment by facsimile  shall be effective as delivery of
a manually executed counterpart.

     (b) The descriptive  headings of the various sections of this Amendment are
inserted for convenience of reference only and shall not be deemed to affect the
meaning or construction of any of the provisions hereof.

     (c) This  Amendment  may not be amended  or  otherwise  modified  except as
provided in the Agreement.

<PAGE>

     (d) THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS
AMENDMENT  SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK.

                [REMAINDER OF THE PAGE INTENTIONALLY LEFT BLANK]

<PAGE>

     IN WITNESS  WHEREOF,  the parties have caused this Amendment to be executed
by their respective  officers  thereunto duly  authorized,  as of the date first
above written.

                                  UAFC-2 CORPORATION
                                  as Debtor

                                  By:/s/ Leeanne W. Graziani
                                     -------------------------------------------
                                  Name:    Leeanne W. Graziani
                                        ----------------------------------------
                                  Title:   President
                                         ---------------------------------------

                                  UNION ACCEPTANCE FUNDING CORPORATION
                                  as Seller

                                  By:/s/ Lee Ervin
                                     -------------------------------------------
                                  Name: Lee Ervin
                                        ----------------------------------------
                                  Title:
                                         ---------------------------------------

                                  UNION ACCEPTANCE CORPORATION
                                  Individually and as Collection Agent

                                  By:/s/ Melanie S. Otto
                                     -------------------------------------------
                                  Name:    Melanie S. Otto
                                        ----------------------------------------
                                  Title:
                                         ---------------------------------------

                                  VARIABLE FUNDING CAPITAL CORPORATION,

                                  By:/s/ Frank Weise
                                     -------------------------------------------
                                  Name:     Frank Weise
                                        ----------------------------------------
                                  Title:    VP
                                         ---------------------------------------

                                 FIRST UNION SECURITIES, INC.
                                 as Collateral Agent and Deal Agent

                                  By:/s/ Curt Sidden
                                     -------------------------------------------
                                  Name:     Curt Sidden
                                        ----------------------------------------
                                  Title:    Director
                                         ---------------------------------------

                                 FIRST UNION NATIONAL BANK,
                                 as Paying Agent and Bank Investor

                                  By:/s/ David M. Roberts
                                     -------------------------------------------
                                  Name:      David M. Roberts
                                        ----------------------------------------
                                  Title:     Senior Vice President
                                         ---------------------------------------

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