UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES AND EXCHANGE ACT OF 1934

May 31, 2005

Date of Report (Date of earliest event reported)

AAMES INVESTMENT CORPORATION

(Exact name of Registrant as specified in its charter)

Maryland

(State or other jurisdiction of incorporation)

1-32340	34-1981408
(Commission File Number)	(IRS employer identification no.)

350 South Grand Ave, 43^rd Floor

Los Angeles, CA 90071

(Address of principal executive offices) (Zip Code)

(323) 210-5000

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 24f0.13e-4(c))

Item 8.01 Other Events

Aames Investment is releasing the following information concerning delinquency and loss in its loan servicing portfolio regarding its mortgage-backed securities. Aames Investment is releasing this information in response to inquiries received from members of the financial community. A copy of this information with respect to adjustable rate loans are attached as Exhibit 99.1 and a copy of this information with respect to fixed rate loans are attached as Exhibit 99.2. A summary of this information is attached as Exhibit 99.3.

Reference is made to the press release of the registrant dated July 11, 2005, which contains information meeting the requirements of this Item 8.01 and is incorporated herein by reference. The full text of the press release is attached as Exhibit 99.4. References to the registrant’s web site in the press release do not incorporate by reference the information on the registrant’s web site into this report and the registrant disclaims any such incorporation by reference.

Item 9.01 Financial Statements and Exhibits

(a)	Financial statements: None
(b)	Pro forma financial information: None
(c)	Exhibits:
	99.1 Information concerning delinquency and loss in the loan servicing portfolio of Aames Investment Corporation as of May 2005 (Adjustable Rate Loans)
	99.2 Information concerning delinquency and loss in the loan servicing portfolio of Aames Investment Corporation as of May 2005 (Fixed Rate Loans)
	99.3 Information concerning delinquency and loss in the loan servicing portfolio of Aames Investment Corporation as of May 2005 (Summary)
	99.4 Press release dated July 11, 2005

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

AAMES INVESTMENT CORPORATION
By:	/s/ Patrick D. Grosso
	Patrick D. Grosso
	Assistant Secretary
	Dated: July 12, 2005