8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): October16, 2009 (October 15, 2009)

FREMONT GENERAL CORPORATION

(Exact Name of Registrant as Specified in Charter)

Nevada	001-08007	95-2815260
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

175 North Riverview Drive Anaheim, California	92808
(Address of Principal Executive Offices)	(Zip Code)

(Registrant’s Telephone Number, Including Area Code) (714) 283-6500

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:

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

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

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

o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

Filing of Monthly Operating Report for the Month Ended September 30, 2009 with the United States Trustee

On October 15, 2009, Fremont General Corporation (the “Company”) filed its monthly operating report for the month ended September 30, 2009 (the “September Monthly Operating Report”), with the United States Trustee for the Central District of California, Santa Ana Division (the “United States Trustee”).

Before reading the September Monthly Operating Report, we strongly urge you to read the Cautionary Statement Regarding the September Monthly Operating Report below.

The September Monthly Operating Report is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Cautionary Statement Regarding September Monthly Operating Report

The September Monthly Operating Report contains financial information that has not been audited or reviewed by independent registered accountants, is not presented in accordance with generally accepted accounting principles and may be subject to future reconciliation and adjustments. The information contained in the September Monthly Operating Report has been prepared in accordance with applicable law under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) and is not to be used for investment purposes. There can be no assurance that the September Monthly Operating Report is complete. The Company may amend or otherwise change the information contained in the September Monthly Operating Report at a future date. Results set forth in the September Monthly Operating Report should not be viewed as indicative of future results.

The information contained in the September Monthly Operating Report represents financial information of the Company only and does not include financial information for its indirect wholly-owned subsidiary, Fremont Reorganizing Corporation (formerly known as “Fremont Investment & Loan”). The September Monthly Operating Report should under no circumstances be relied upon or viewed as a substitute, supplement or replacement for financial information that is filed with the U.S. Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit
Number	Description
Exhibit 99.1	Fremont General Corporation Monthly Operating Report for the month ended September 30, 2009

SIGNATURES

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

	FREMONT GENERAL CORPORATION
Date: October 16, 2009	By:	/s/ Richard A. Sanchez
		Name:	Richard A. Sanchez
		Title:	Interim President and Chief Executive Officer

EX-99.1

Exhibit 99.1

UNITED STATES DEPARTMENT OF JUSTICE
OFFICE OF THE UNITED STATES TRUSTEE
CENTRAL DISTRICT OF CALIFORNIA

In Re:		CHAPTER 11 (BUSINESS)
Fremont General Corporation		Case Number:	8:08-bk-13421
		Operating Report Number:	16
	Debtor	For the Month Ending:	30-Sep-09

I. CASH RECEIPTS AND DISBURSEMENTS
A. (GENERAL ACCOUNT — MASTER DEMAND ACCOUNT)

1.	TOTAL RECEIPTS PER ALL PRIOR GENERAL ACCOUNT REPORTS (1)				24,707,908
2.	LESS: TOTAL TRANSFERS AND DISBURSEMENTS PER ALL PRIOR GENERAL ACCOUNT REPORTS				24,704,739
3.	BEGINNING BALANCE:				3,170
4.	RECEIPTS DURING CURRENT PERIOD:
	Accounts Receivable — Post-filing			—
	Accounts Receivable — Pre-filing			—
	General Sales			—
	Other (Specify)	Transfers from Money Market Acct		764,000
	TOTAL RECEIPTS THIS PERIOD:				764,000
5.	BALANCE:				767,170
6.	LESS: TOTAL TRANSFERS AND DISBURSEMENTS DURING CURRENT PERIOD
	Transfers to Other DIP Accounts (from page 2)				—
	Disbursements (from page 2)				764,574
7.	ENDING BALANCE:				2,595
8.	General Account Number(s):		Well Fargo # xxxxxx1638 (2)
	Depository Name & Location:		Wells Fargo Bank — Pasadena Commercial Banking
			350 W. Colorado Blvd, Suite 210, Pasadena, CA 91105

Notes
(1)	Receipts reflected in Master Demand Account include collections prior to the petition date.
(2)	Where indicated by an “x” throughout the MOR, the applicable digit has been hidden to prevent theft or other unauthorized access to the account. The information will be available to parties in interest upon reasonable request.

IA

Page 1 of 14

TOTAL DISBURSEMENTS FROM GENERAL ACCOUNT FOR CURRENT PERIOD

Date	Check			*Amount		**Amount
mm/dd/yyyy	Number	Payee or DIP account	Purpose	Transferred		Disbursed		Amount
9/2/2009	wire	Bowne of Los Angeles Inc	A/P vendor payments			$	820	$	820
9/2/2009	wire	Barney Northcote	Director Fees				5,833		5,833
9/2/2009	wire	John Charles Loring	Director Fees				5,833		5,833
9/2/2009	wire	David S. Depillo	Director Fees				5,833		5,833
9/2/2009	wire	Robert Shackleton	Director Fees				5,833		5,833
9/2/2009	wire	Mark Schaffer	Director Fees				5,833		5,833
9/2/2009	wire	Epstein, Becker, & Green P.C.	Professional fees				10,373		10,373
9/2/2009	wire	KPMG Corporate Finance LLC	Professional fees				25,086		25,086
9/2/2009	wire	FTI Consulting	Professional fees				71,057		71,057
9/2/2009	wire	Patton Boggs LLP	Professional fees				103,788		103,788
9/2/2009	6000000460	LA Fine Arts	A/P vendor payments				330		330
9/2/2009	6000000461	Stephen H. Gordon	Director Fees				5,833		5,833
9/9/2009	wire	Solon Group, Inc.	Professional fees				5,252		5,252
9/9/2009	wire	Bocarsly Emden Cowan	Professional fees				7,141		7,141
9/9/2009	6000000462	Iron Mountain Records Mgmt Inc	A/P vendor payments				861		861
9/9/2009	6000000463	Mellon Investor Services LLC	A/P vendor payments				2,824		2,824
9/16/2009	wire	Bowne of Los Angeles Inc	A/P vendor payments				985		985
9/16/2009	wire	Kurtzman Carson Consultants	Professional fees				10,586		10,586
9/16/2009	wire	Ernst & Young	Professional fees				38,800		38,800
9/16/2009	wire	Klee, Tuchin, Bogdanoff & Stern LLP	Professional fees				163,121		163,121
9/16/2009	6000000464	Bloomberg	A/P vendor payments				627		627
9/16/2009	6000000465	Iron Mountain Records Mgmt Inc	A/P vendor payments				5,355		5,355
9/16/2009	6000000466	West Payment Center	A/P vendor payments				3,656		3,656
9/21/2009	wire	Wells Fargo	Client Analysis Service Charge				2,991		2,991
9/23/2009	wire	Bowne of Los Angeles Inc	A/P vendor payments				610		610
9/23/2009	wire	Bocarsly Emden Cowan	Professional fees				2,250		2,250
9/23/2009	wire	Weiland, Golden, Smiley, Wang, Ekvall, and Strok LLP	Professional fees				92,000		92,000
9/23/2009	wire	Stutman, Treister, and Glatt PC	Professional fees				135,565		135,565
9/23/2009	6000000467	Iron Mountain Records Mgmt Inc	A/P vendor payments				400		400
9/23/2009	6000000468	William M. Stern	OEC Member — Travel Expense Reimbursement				1,451		1,451
9/30/2009	wire	Solon Group, Inc.	Professional fees				38,363		38,363
9/30/2009	6000000469	Mellon Investor Services LLC	A/P vendor payments				5,283		5,283
								—
								—
			TOTAL DISBURSEMENTS THIS PERIOD:	$	—	$	764,574	$	764,574

*	Fill in amounts in this column if they are TRANSFERS to another DIP account (e.g. Payroll or Tax); the “amount” column will be filled in for you.
**	Fill in amounts in this column if they are DISBURSEMENTS to outside payees; the “amount” column will be filled in for you.

IA p2

Page 2 of 14

GENERAL ACCOUNT
BANK RECONCILIATION

	Bank statement Date:			9/30/2009	Balance on Statement:	$	11,330
Plus deposits in transit (a):
			Deposit Date		Deposit Amount
TOTAL DEPOSITS IN TRANSIT						$	—
Less Outstanding Checks (a):
	Check Number		Check Date		Check Amount
		6000000451		7/29/2009	2,000
		6000000468		9/23/2009	1,451
		6000000469		9/30/2009	5,283
TOTAL OUTSTANDING CHECKS:						$	8,734
Bank statement Adjustments:
Explanation of Adjustments-
ADJUSTED BANK BALANCE:						$	2,595

IA p3

Page 3 of 14

I. CASH RECEIPTS AND DISBURSEMENTS
B. (COMMERCIAL MONEY MARKET ACCOUNT)

1.	TOTAL RECEIPTS PER ALL PRIOR REPORTS		38,131,160
2.	LESS:TOTAL TRANSFERS AND DISBURSEMENTS PER ALL PRIOR REPORTS		10,785,363
3.	BEGINNING BALANCE:		27,345,796
4.	RECEIPTS DURING CURRENT PERIOD:
	Transferred from General Account	—
	Interest Income	2,655
	TOTAL RECEIPTS THIS PERIOD:		2,655
5.	BALANCE:		27,348,451
6.	LESS: TOTAL TRANSFERS AND DISBURSEMENTS DURING CURRENT PERIOD
	Transfers to Other DIP Accounts (from page 5)		764,000
	Disbursements (from page 5)		3,370
7.	ENDING BALANCE:		26,581,081
8.	COMMERCIAL MONEY MARKET ACCOUNT Number(s):	xxxxxx8097
	Depository Name & Location:	Wells Fargo Bank — Pasadena Commercial Banking
		350 W. Colorado Blvd, Suite 210, Pasadena, CA 91105

IB

Page 4 of 14

TOTAL DISBURSEMENTS FROM COMMERCIAL MONEY MARKET ACCOUNT FOR CURRENT PERIOD

Date	Check			*Amount		**Amount
mm/dd/yyyy	Number	Payee	Purpose	Transferred		Disbursed		Amount
9/2/2009	wire	Fremont General Corporation	Bank account transfer	$	246,000			$	246,000
9/9/2009	wire	Fremont General Corporation	Bank account transfer		16,000				16,000
9/16/2009	wire	Fremont General Corporation	Bank account transfer		223,000				223,000
9/21/2009	wire	Wells Fargo	Client Analysis Service Charge				3,370		3,370
9/23/2009	wire	Fremont General Corporation	Bank account transfer		236,000				236,000
9/30/2009	wire	Fremont General Corporation	Bank account transfer		43,000			$	43,000
			TOTAL DISBURSEMENTS THIS PERIOD:	$	764,000	$	3,370	$	767,370

*	Fill in amounts in this column if they are TRANSFERS to another DIP account (e.g. Payroll or Tax); the “amount” column will be filled in for you.
**	Fill in amounts in this column if they are DISBURSEMENTS to outside payees; the “amount” column will be filled in for you.

IB p2

Page 5 of 14

COMMERCIAL MONEY MARKET ACCOUNT
BANK RECONCILIATION

	Bank statement Date:		9/30/2009	Balance on Statement:	$	26,581,081
Plus deposits in transit (a):
		Deposit Date		Deposit Amount
TOTAL DEPOSITS IN TRANSIT						0
Less Outstanding Checks (a):
	Check Number	Check Date		Check Amount
TOTAL OUTSTANDING CHECKS:						0
Bank statement Adjustments:
Explanation of Adjustments-
ADJUSTED BANK BALANCE:					$	26,581,081

*	It is acceptable to replace this form with a similar form
**	Please attach a detailed explanation of any bank statement adjustment

IB p3

Page 6 of 14

II. STATUS OF PAYMENTS TO SECURED CREDITORS, LESSORS
AND OTHER PARTIES TO EXECUTORY CONTRACTS

	Frequency of Payments				Post-Petition payments
Creditor, Lessor, Etc.	(Mo/Qtr)		Amount of Payment		not made (Number)		Total Due
—		—		—		—		—
					TOTAL DUE:			—

III. TAX LIABILITIES

FOR THE REPORTING PERIOD:	September 30, 2009
	Gross Sales Subject to Sales Tax:	—
	Total Wages Paid:	—

		Total Post-Petition		Date Delinquent
		Amounts Owing	Amount Delinquent	Amount Due
	Federal Withholding	—	—	N/A
	State Withholding	—	—	N/A
	FICA- Employer’s Share	—	—	N/A
	FICA- Employee’s Share	—	—	N/A
	Federal Unemployment	—	—	N/A
	Sales and Use	—	—	N/A
	Real Property	—	—	N/A
Other:
	TOTAL:	—	—

II-III

Page 7 of 14

I. D SUMMARY SCHEDULE OF CASH

ENDING BALANCES FOR THE PERIOD: 9/30/2009

(Provide a copy of monthly account statements for each of the below)

	General Account:			2,595
	Money Market Account:			26,581,081
	Payroll Account:	(1)		N/A
Other Accounts:
Other Monies:
	Petty Cash (from below):			—
TOTAL CASH AVAILABLE:					26,583,676
Petty Cash Transactions:
Date	Purpose		Amount
TOTAL PETTY CASH TRANSACTIONS:				N/A	—

(1) The Debtor’s payroll account has been closed.

ID

Page 8 of 14

IV. AGING OF ACCOUNTS PAYABLE AND RECEIVABLE

	Accounts Payable		Accounts Receivable
	Post-Petition		Pre-Petition		Post-Petition
30 days or less		41,318		—		—
31 - 60 days		—		—		—
61 - 90 days		—				—
91 - 120 days		—				—
Over 120 days		6,273		118,819
TOTAL:		47,591		118,819		—

V. INSURANCE COVERAGE

					Premium Paid
Name of Carrier	Insurance Type	Amount of Coverage		Policy Expiration Date	Through (Date)
XL Specialty	Directors & Officers		15,000,000	4/01/09-10/01/09	10/1/09
Continental Casualty	Excess D&O		15,000,000	4/01/09-10/01/09	10/1/09
U.S. Specialty	Excess D&O		15,000,000	4/01/09-10/01/09	10/1/09
RSUI Indemnity	Excess D&O		15,000,000	4/01/09-10/01/09	10/1/09
Allied World Natl	Excess D&O		10,000,000	4/01/09-10/01/09	10/1/09
U.S. Specialty	Excess D&O		10,000,000	4/01/09-10/01/09	10/1/09
Liberty Mutual	Excess D&O		10,000,000	4/01/09-10/01/09	10/1/09
Navigators Ins.	Excess D&O		10,000,000	4/01/09-10/01/09	10/1/09
Westchester Surplus	Excess D&O		10,000,000	4/01/09-10/01/09	10/1/09
Platte River	Excess D&O		10,000,000	4/01/09-10/01/09	10/1/09
Scottsdale Ins.	Excess D&O		5,000,000	4/01/09-10/01/09	10/1/09
XL Specialty	Run-off D&O		20,000,000	1/01/07-1/01/14	1/1/14
Continental Casualty	Run-off D&O		15,000,000	1/01/07-1/01/14	1/1/14
RSUI Indemnity	Run-off D&O		15,000,000	1/01/07-1/01/14	1/1/14
New Mkts Undrwrtr	Run-off D&O		10,000,000	1/01/07-1/01/14	1/1/14
Platte River	Run-off D&O		10,000,000	1/01/07-1/01/14	1/1/14
St. Paul Mercury	Run-off D&O		10,000,000	1/01/07-1/01/14	1/1/14
Federal Insurance	Run-off D&O		10,000,000	1/01/07-1/01/14	1/1/14
Liberty Mutual	Run-off D&O		10,000,000	1/01/07-1/01/14	1/1/14
Columbia Casualty	Fiduciary Liability		10,000,000	4/01/09-10/01/09	10/1/09
XL Specialty	Excess Fiduciary Liability		10,000,000	4/01/09-10/01/09	10/1/09
U.S. Specialty	Excess Fiduciary Liability		10,000,000	4/01/09-10/01/09	10/1/09
Navigators Ins.	Excess Fiduciary Liability		10,000,000	4/01/09-10/01/09	10/1/09
Allied World Natl	Excess Fiduciary Liability		5,000,000	4/01/09-10/01/09	10/1/09
Westchester Surplus	Excess Fiduciary Liability		5,000,000	4/01/09-10/01/09	10/1/09
XL Specialty	Run-off Fiduciary		15,000,000	1/01/07-1/01/14	1/1/14
Capital Indemnity	Run-off Fiduciary		10,000,000	1/01/07-1/01/14	1/1/14
Federal Insurance	Run-off Fiduciary		10,000,000	1/01/07-1/01/14	1/1/14
Houston Casualty	Run-off Fiduciary		5,000,000	1/01/07-1/01/14	1/1/14
National Union Fire	Crime Coverage		15,000,000	4/01/09-1/01/10	1/1/10
Zurich American	Excess Crime Coverage		15,000,000	4/01/09-1/01/10	1/1/10
Continental Ins.	Excess Crime Coverage		10,000,000	4/01/09-1/01/10	1/1/10
Federal Insurance	Errors & Omissions		5,000,000	4/01/09-10/01/09	10/1/09
U.S. Specialty	Excess E&O		5,000,000	4/01/09-10/01/09	10/1/09
Federal Insurance	Commercial Automobile		1,000,000	1/01/09-1/01/10	1/1/10
Federal Insurance	Commercial Excess and Umbrella		5,000,000	1/01/09-1/01/10	1/1/10
Great American	Excess Umbrella		20,000,000	1/01/09-1/01/10	1/1/10
Federal Insurance	Commercial Package		14,499,247	1/01/09-1/01/10	1/1/10
State Compensation Fund of CA	Workers Compensation		1,000,000	1/01/09-1/01/10	1/1/10

IV, V, VI

Page 9 of 14

VI. UNITED STATES TRUSTEE QUARTERLY FEES
(TOTAL PAYMENTS)

	Total Disbursements							Quarterly Fees
Quarterly Period Ending (Date)	(during Quarter)		Quarterly Fees		Date Paid	Amount Paid		Still Owing
June 30, 2008		0		325	22-Aug-2008		325		—
June 30, 2008		0		1	1-Oct-2008		1		—
September 30, 2008		851,493		4,875	19-Nov-2008		4,875		—
December 31, 2008		3,817,827		10,400	21-Jan-2009		10,400		—
March 31, 2009		3,442,105		10,400	15-Apr-2009		10,400		—
June 30, 2009		2,311,647		9,750	15-Jul-2009		9,750		—
September 30, 2009		2,677,616		9,750			—		9,750
									—
									—
									—
									—
									—
									—
									—
									—
									—
									—
									—
				45,501			35,751		9,750

IV, V, VI

Page 10 of 14

VII SCHEDULE OF COMPENSATION PAID TO INSIDERS

	Date of Order Authorizing		Gross Compensation
Name of Insider	Compensation	Authorized Gross Compensation	Paid During the Month
No compensation disbursements made to insiders during the period.

VIII.SCHEDULE OF OTHER AMOUNTS PAID TO INSIDERS

	Date of Order Authorizing		Amount Paid During
Name of Insider	Compensation	Description	the Month
Robert Shackleton	9/29/08	Director fees		5,833
Mark Schaffer	9/29/08	Director fees		5,833
John Charles Loring	9/29/08	Director fees		5,833
Barney Northcote	9/29/08	Director fees		5,833
David S. Depillo	9/29/08	Director fees		5,833
Stephen H. Gordon	9/29/08	Director fees		5,833

VII - VIII

Page 11 of 14

IX. PROFIT AND LOSS STATEMENT
(ACCRUAL BASIS ONLY)

	Current Month			Cumulative Post-Petition
	9/30/09			6/19/08-9/30/09
Sales/Revenue:
Net Sales/Revenue	$	—		$	—
Cost of Goods Sold:
Cost of Goods Sold (COGS)		—			—
Gross Profit		—			—
Other Operating Income (Itemize)		—			—
Operating Expenses:
Payroll — Insiders		—			—
Compensation- regular (intercompany allocation)		110,149			2,041,454
Compensation- group insurance					—
Compensation- 401(k)/ESOP/Incentive		629			(1,706,334	)
Occupancy		1,191			508,926
Payroll Taxes					—
Other Taxes (Itemize)					—
Information systems		5,755			39,722
Advertising and promotion					23,635
Telecom					(115	)
Travel					2,670
Printing and supplies		1,595			30,892
Postage					(29,156	)
All other		50,927			353,036
Depreciation and Amortization		287			22,405
Rent Expense — Real Property					—
Lease Expense — Personal Property					—
Insurance		163,260			2,512,397
Miscellaneous Operating Expenses (Itemize)		—			—
Total Operating Expenses		333,793			3,799,532
Net Gain/(Loss) from Operations		(333,793	)		(3,799,532	)
Non-Operating Income:
Interest Income		2,655			225,096
Net Gain on Sale of Assets (Itemize)					—
Other — Equity in Earnings of Subsidiaries		(11,505,232	)		118,283,371
Other (Itemize) — SERP		—			(75,276	)
Total Non-Operating income		(11,502,577	)		118,433,191
Non-Operating Expenses:
Interest Expense (1)		23,914			368,276
Legal and Professional (Itemize) (2)		751,933			13,457,459
Other (Itemize)		—			—
Total Non-Operating Expenses		775,847			13,825,735
NET INCOME/(LOSS)	$	(12,612,217	)	$	100,807,924

Notes:
(1)	Represents amortization of capitalized debt issuance costs.
(2)	Represents professional fee accruals (estimates) by the Debtor for financial statement (GAAP) purposes.

IX

Page 12 of 14

X. BALANCE SHEET
(ACCRUAL BASIS ONLY)

	Current Month End
ASSETS
Current Assets:
Unrestricted Cash	$	26,622,039
Accounts Receivable		118,819
Intercompany Receivable		609,039
Prepaid Expenses		2,956,403
Other (Itemize) — SERP / EBP Accounts & Other Benefit Accounts		11,975,708
Other (Itemize) — Investment — FG Financing		3,092,777
Total Current Assets					45,374,785
Property, Plant, and Equipment		168,996
Accumulated Depreciation/Depletion		(16,635	)
Net Property, Plant, and Equipment					152,361
Other Assets (Net of Amortization):
Other (Itemize) — GSOP Merrill Lynch Acct. xxx-37M01		14,928
Investment in Subsidiary		402,866,396
Total Other Assets					402,881,324
TOTAL ASSETS				$	448,408,470
LIABILITIES
Post-petition Liabilities:
Accounts Payable		47,591
Accruals (1)		2,751,539
Taxes Payable		—
Professional fees		—
Accrued Interest Payable		—
Other		10,299,491
Total Post-petition Liabilities					13,098,621
Pre-petition Liabilities / Liabilities Subject to Compromise:
Priority Liabilities		—
Unsecured Liabilities (1)		378,043,213
Total Pre-petition Liabilities					378,043,213
TOTAL LIABILITIES					391,141,834
EQUITY:
Pre-petition Owners’ Equity		(53,779,013	)
Post-petition Profit/(Loss)		100,807,924
Direct Charges to Equity		10,237,725
TOTAL EQUITY					57,266,636
TOTAL LIABILITIES & EQUITY				$	448,408,470

Notes:
(1)	Includes accruals (estimates) by the Debtor for financial statement presentation (GAAP) purposes.

X

Page 13 of 14

XI. QUESTIONNAIRE

		No	Yes
1.	Has the debtor-in-possession made any payments on its pre-petition unsecured debt, except as have been authorized by the court? If “Yes”, explain below:	þ	o

		No	Yes
2.	Has the debtor-in-possession during this reporting period provided compensation or remuneration to any officers, directors, principals, or other insiders without appropriate authorization? If “Yes”, explain below:	þ	o
3.	State what progress was made during the reporting period toward filing a plan of reorganization. During the reporting period, both the Official Committee of Unsecured Creditors and the Official Committee of Equity Holders filed multiple revised and amended versions of their respective competing chapter 11 plans and disclosure statements. The most recent versions of those documents were filed, pursuant to the Bankruptcy Court’s ruling at a hearing on September 17, 2009, on September 30, 2009 [see Docket Nos. 1055-1058 (Creditors Committee’s revised materials), 1060-1062 (Equity Committee’s revised materials) & 1082 (Errata to the Equity Committee’s materials)].
4.	Describe potential future developments which may have a significant impact on the case:
	A further hearing is scheduled for October 14, 2009 regarding the two official committees’ respective disclosure statements and the Creditors Committee’s further modified motion to establish certain plan solicitation and confirmation procedures [see, most recently, Docket Nos. 1092 & 1094].Depending on the specifics of the Bankruptcy Court’s ruling at that further hearing, the Debtor anticipates that the process of soliciting votes on one or both of the proposed plans will begin in October 2009.
5.	Attach copies of all Orders granting relief from the automatic stay that were entered during the reporting period.

		No	Yes
6.	Did you receive any exempt income this month, which is not set forth in the operating report? If “Yes”, please set forth the amounts and sources of the income below.	þ	o
I,	Thea Stuedli, Chief Financial Officer of Fremont General Corporation declare under penalty of perjury that I have fully read and understood the foregoing debtor-in-possession operating report and that the information contained herein is true and complete to the best of my knowledge.

XI

Page 14 of 14