1

                                                   This filing is made pursuant
                                                   to Rule 424(b)(3) under
                                                   the Securities Act of
                                                   1933 in connection with
                                                   Registration No. 333-15777



                          Prospectus Supplement No. 30


The Prospectus dated November 14, 1996 (the "Prospectus") relating to the offer
for resale of up to $115,000,000 aggregate principal amount of 5.5% Convertible
Subordinated Debentures due 2006 of Aames Financial Corporation (the "Company")
and 6,160,713 shares of the common stock of the Company, par value $0.001 per
share, into which such Debentures are convertible is hereby amended as follows:

The following entity is hereby named as a Selling Security Holder as
contemplated on page 33 of the Prospectus:





             Selling Security Holder          Principal Amount of Debentures
             -----------------------          ------------------------------
                                                          
         LIPCO Partners                                $2,250,000
         101 Park Avenue, 6th Floor
         New York, New York 10178



          The date of this Prospectus Supplement is February 13, 1998.