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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 DJWvwXa3urO0wGrH/SWVZw==

<SEC-DOCUMENT>0000950116-99-001478.txt : 19990809
<SEC-HEADER>0000950116-99-001478.hdr.sgml : 19990809
ACCESSION NUMBER:		0000950116-99-001478
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19990806

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN BUSINESS FINANCIAL SERVICES INC /DE/
		CENTRAL INDEX KEY:			0000772349
		STANDARD INDUSTRIAL CLASSIFICATION:	MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162]
		IRS NUMBER:				870418807
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		
		SEC FILE NUMBER:	333-63859
		FILM NUMBER:		99679311

	BUSINESS ADDRESS:	
		STREET 1:		111 PRESIDENTIAL BLVD
		STREET 2:		STE 215
		CITY:			BALA CYNWYD
		STATE:			PA
		ZIP:			19004
		BUSINESS PHONE:		6106682440

	MAIL ADDRESS:	
		STREET 1:		111 PRESIDENTIAL BLVD STE 215
		CITY:			BALA CYNWYD
		STATE:			PA
		ZIP:			19004
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<DESCRIPTION>FORM 424B3
<TEXT>

<PAGE>

                                                             Filed Pursuant
                              ABFS INVESTMENT NOTES          to Rule 424(B)(3)
                                                             File No. 333-63859
                         Begin Earning These High Rates

                   Prospectus Supplement dated August 2, 1999

<TABLE>
<CAPTION>

     TERM              RATE        ANNUAL YIELD
<S>                    <C>         <C>
3 to 5 Months          7.50%           7.78%
6 to 11 Months         8.10%           8.43%
12 to 17 Months        8.85%           9.25%
18 to 23 Months        9.00%           9.41%
24 to 29 Months        9.25%           9.69%
30 to 35 Months        9.50%           9.96%
36 to 47 Months        9.75%          10.24%
48 to 59 Months        9.90%          10.40%
60 to 83 Months       10.70%          11.29%
84 to 119 Months      10.70%          11.29%
120 Months            11.25%          11.90%
Money Market Notes     6.15%           6.34%

</TABLE>

           Minimum for Investment Notes and Money Market Notes $1,000

                         Ask About Our Rates For Larger
                                  Investments

                           FOR MORE INFORMATION, CALL
                                 1-800-776-4001

                                 [LOGO OMITTED]
                   AMERICAN BUSINESS FINANCIAL BUSINESS, INC.

 BalaPointe Office Centre o 111 Presidential Boulevard o Bala Cynwyd, PA 19004
              2255 Glades Road o Suite 311E o Boca Raton, FL 33432
             2425 E. Camelback Road o Suite 1065 o Phoenix, AZ 85016

  American Business Financial Services, Inc. is a publically traded Company
  (NASDAQ: ABFI) American Business Financial Services, Inc. is a NASDAQ listed
  company (ABFI).

*  An offer can only be made by the Prospectus dated October 20, 1998, delivered
   in conjunction with this Rate Supplement dated August 2, 1999. See "Risk
   Factors" for a discussion of certain factors which should be considered in
   connection with an investment in the Notes.

*  Interest is compounded daily based on a 365-day year. The effective annual
   yield assumes all Interest remains invested for 365 days. The rates for
   Investment Notes are available through August 15, 1999.

[Logo Omitted]

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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