CONSUMER PORTFOLIO SERVICES INC - 10-K Annual Report

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

FORM 10-K

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

For the Fiscal Year Ended December 31, 1997

Commission File Numbers 333-09343
333-26355
333-25301
333-1548

CONSUMER PORTFOLIO SERVICES, INC.
(Exact name of registrant as specified in its charter)

CALIFORNIA 33 045 9135
(State of Incorporation) (I.R.S. Employer ID No.)

2 Ada
Irvine, California 92618
(Address of principal executive offices, zip code)

(714) 753-6800
(Registrant's telephone number, including area code)

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

DOCUMENTS INCORPORATED BY REFERENCE

Specifically identified portions of Form 10-K for the 1997 fiscal year
filed by the registrant under Commission File no. 1-14116 are incorporated by
reference into Parts I, II, III, and IV of this report.

PART I

ITEM 3. LEGAL PROCEEDINGS

Incorporated by reference to the 1997 Form 10-K filed by the registrant
under Commission File no. 1- 14116.

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

Not applicable.

PART II

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

Incorporated by reference to the 1997 Form 10-K filed by the registrant
under Commission File no. 1- 14116.

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

Not applicable.

PART III

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

Incorporated by reference to the 1997 Form 10-K filed by the registrant
under Commission File no. 1- 14116.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Incorporated by reference to the 1997 Form 10-K filed by the registrant
under Commission File no. 1- 14116.

PART IV

ITEM 14. EXHIBITS, FINANCIAL SCHEDULES, AND REPORTS ON FORM 8-K

Incorporated by reference to the 1997 Form 10-K filed by the registrant
under Commission File no. 1- 14116. The following exhibits are filed as part of
this report :

Exhibit 24 Power of Attorney
Exhibit 99.4 Annual Holders' Tax Statement with respect to FASCO Auto Trust
1996-1, CPS Auto Grantor Trust 1996-2, CPS Auto Grantor 1996-3,
CPS Auto Grantor Trust 1997-1, CPS Auto Grantor Trust 1997-2, CPS
Auto Receivables Trust 1997-3, CPS Auto Receivables Trust 1997-4
and CPS Auto Receivables Trust 1997-5.
Exhibit 99.5 Annual Independent Accountants' Servicing Report with respect to
FASCO Auto Trust 1996-1, CPS Auto Grantor Trust 1996-2, CPS Auto
Grantor 1996-3, CPS Auto Grantor Trust 1997-1, CPS Auto Grantor
Trust 1997-2, CPS Auto Receivables Trust 1997-3, CPS Auto
Receivables Trust

1997-4 and CPS Auto Receivables Trust 1997-5.

SIGNATURE

Pursuant to the requirements of Section 13 or 15(d) 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.

CONSUMER PORTFOLIO SERVICES, INC.,
as sponsor and manager of the Trust
(Registrant)

By:/s/ Jeffrey P. Fritz
Name: Jeffrey P. Fritz
Title: Senior Vice President

Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated.

Signatures
Title

*
- -----------------------------
Charles E. Bradley, Sr.
Director

/s/ Charles E. Bradley, Jr.
Charles E. Bradley, Jr.
President and Director

*
- -----------------------------
William B. Roberts
Director

*
- -----------------------------
John G. Poole
Director

*
- -----------------------------
Thomas L. Chrystie
Director

*
- -----------------------------
Robert A. Simms
Director

/s/ Jeffrey P. Fritz
Jeffrey P. Fritz
Chief Financial Officer and Secretary

*By:/s/ Jeffrey P. Fritz
Jeffrey P. Fritz
as attorney-in-fact