-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CBY7+R5kJJ+o+quWhr+guAYvVJ1fic/ZMNOQkDDBcO8iCZLGMZsoh3KkqSrkxeig XUtFvB8lrkULfYSdHhQOKg== 0000038723-06-000072.txt : 20061121 0000038723-06-000072.hdr.sgml : 20061121 20061121092502 ACCESSION NUMBER: 0000038723-06-000072 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20061121 DATE AS OF CHANGE: 20061121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST FRANKLIN FINANCIAL CORP CENTRAL INDEX KEY: 0000038723 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 580521233 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-137473 FILM NUMBER: 061231593 BUSINESS ADDRESS: STREET 1: 213 E TUGALO ST STREET 2: P O BOX 880 CITY: TOCCOA STATE: GA ZIP: 30577 BUSINESS PHONE: 4048867571 FORMER COMPANY: FORMER CONFORMED NAME: FRANKLIN DISCOUNT CO DATE OF NAME CHANGE: 19840115 424B3 1 prospectussupplement.htm VARIABLE RATE SUBORDINATED DEBENTURE PROSPECTUS SUPPLEMENT Rule 424(b)(3)




Rule 424(b)(3)

SEC File #333-137473

    

1st FRANKLIN FINANCIAL CORPORATION

NOVEMBER 23, 2006 THRU NOVEMBER 29, 2006

    

VARIABLE RATE

SUBORDINATED DEBENTURES

    


Effective

Yield (a)


Interest

Rate (b)


Interest

Adjustment Period (c)

Minimum

Investment

Amount

    

3.05

3.00

1 Month

$500.00

3.05

3.00

3 Months

$500.00

6.45

6.25

6 Months

$500.00

6.98

6.75

1 Year

$500.00

7.25

7.00

2 Years

$500.00

7.52

7.25

4 Years

$500.00

    

(a)

Compounded daily based on a 365 day year.

(b)

Interest is earned daily, and will be paid promptly upon a holder’s request, otherwise

principal and interest are payable at maturity.

(c)

At the end of this period, the interest rate will be adjusted.  Debentures mature four years

from their date of issue, subject to earlier redemption as provided for therein.  Redemption at any other time is at the discretion of the Company and is subject to an interest penalty.  Absent redemption by the holder at maturity, the term of the Debenture will be extended for one four-year period, subject to the same redemption rights.

    

This is not an offer to sell, or the solicitation of an offer to purchase, these securities.  Any offer or sale will be made only by a prospectus, which is available by visiting us at 213 East Tugalo Street, Toccoa, Georgia, by writing us a P.O. Box 880, Toccoa, Georgia  30577 or by calling us at (706) 886-7571 or (800) 282-0709 (in GA) or (800) 700-7943 (outside of GA).

    

We are not a bank, and investments are not bank deposits or obligations and are not insured by the FDIC, SPIC or any other federal or state agency.  Investors must rely solely on the Company’s ability to pay principal and interest on the Debentures.

    

Prospectus Supplement Dated November 23, 2006

 
 




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