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To: Chris who wrote (4262)	12/19/1997 12:35:00 PM
From: Mark[ox5]	Respond to of 42787

Chris, the tech big caps look relatively ok at this point. Hoping people dont go on lunch break and start panicking like Oct 27th SUNW, CSCO, INTC, CPQ, LU, AOL look decent. Just a guess, but looks like a lot of people who wanted to get out of these stocks did get out (the big cap high techs) and now .. just as the past month or two people wanted an excuse to sell and take profits, people want an excuse to buy back in (plus end of year buying from institutions). However, Asia isnt giving anyone this excuse. Just looking at the relative strength today these seem relatively oversold for the very short term... (not TA wise, just "eyeballing"). However, any rally is probably going to be feeble and relatively short lived (over the next few weeks). The 30 year bond is below 5.9% and where else are people going to put their money?? They want the 20% they are used to the past 3 years and are expecting from their dear mutual fund managers and 401ks. So money must go back to the mkt... Notice I use relatively a lot =) Its all relative. (i.e. 30 point drop in NSDQ 2 months ago was unheard of, now its realtively bad) hah Mark

To: Chris who wrote (4262)	12/19/1997 12:40:00 PM
From: Mark[ox5]	Read Replies (1) \| Respond to of 42787

FPFG 1998 EPS 2.50 x 15 PE = 37.50 1998 EPS 3.00 x 15 PE = 45.00 1999 EPS 4.50 x 15 PE = 67.50 1999 EPS 5.00 x 15 PE = 75.00 Looks like a good long term investment. Read below if interested... FIRSTPLUS Financial Group, Inc. Announces The Substantial Elimination Of Its Non-Cash Gain-On-Sale Revenue From Securitizations DALLAS--(BUSINESS WIRE)--December 19, 1997--FIRSTPLUS Financial Group, Inc. (Nasdaq: FPFG - news) today announced its securitization related non-cash ''gain-on-sale'' will be substantially reduced in its December 1997 quarter, and in subsequent periods. As a result, expected earnings for the December 1997 quarter, calendar 1998 year and calendar 1999 year will be reduced; however, expected earnings for periods subsequent to 1999 may increase. FIRSTPLUS anticipates that after elimination of its non-cash securitization gains, it may earn $2.50 to $3.00 per diluted share in calendar 1998, and $4.50 to $5.00 per diluted share in calendar 1999. In this regard, FIRSTPLUS is in the process of adopting a calendar reporting year. The substantial elimination of non-cash gain-on-sale revenue is a result of increases in the discount rate the Company uses to fairly value the interest only strips it creates when its loans are securitized. The Company believes substantial increases in this discount rate are appropriate for interest only strips originated in the December 1997 quarter. The Company has reviewed its assumptions for interest only strips originated prior to the December 1997 quarter; these interest only strips are performing within expected loss and prepayment parameters, and no impairment is indicated. Daniel T. Phillips, FIRSTPLUS' Chairman and Chief Executive Officer, noted the following: ''The reduction of substantially all non-cash gain-on-sale revenue will enhance the quality of FIRSTPLUS' earnings. The annuity nature of these earnings in future years should dampen earnings volatility and provide a growing and stable base for future profitability. This change also puts FIRSTPLUS in an enhanced competitive position. Specifically, we believe this will allow FIRSTPLUS' stock price/earnings multiple to expand, will permit FIRSTPLUS to attract a wider array of shareholders and will permit FIRSTPLUS to more actively acquire complementary businesses in accretive pooling transactions.'' FIRSTPLUS' management will discuss the impact of its reduced non-cash gains-on-sale in a conference telephone call on Friday, December 19, 1997, at 10:00 A.M. (EST). Call in numbers for the conference call are, as follows: Domestic call in number: 800-683-1535 Domestic replay number: 888-888-9547 International call in number: 973-633-6740 International replay number: 402-220-9952 The above statements in this press release contain forward-looking statements that involve a number of risks and uncertainties. In addition to the factors discussed in this press release, reference is made to the Form 8-K, filed by the Company with the Securities and Exchange Commission on December 19, 1996, for a list of, and discussion with respect to, certain factors that could cause actual results to differ materially from the forward-looking statements contained herein. FIRSTPLUS Financial Group, Inc. is a specialized consumer finance company that, through its subsidiaries, originates, purchases, services and securitizes consumer finance receivables, primarily home improvement and debt consolidation loans, all secured by liens on the borrower's home. FIRSTPLUS, headquartered in Dallas, has regional offices in Denver, Colorado; Holly Springs, Mississippi; Columbus, Ohio; Columbia, South Carolina; Laguna Hills, California; Salt Lake City, Utah and a network of origination branches nationwide. Contact: