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Prepared and filed by St Ives Financial
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<p align="center"><font size="2" face="serif">SECURITIES AND EXCHANGE COMMISSION</font></p>
<p align="center"><font size="2" face="serif">Washington, D.C. 20549</font></p>
<p align="center"><font size="2" face="serif">Form 8-K</font></p>
<p align="center"><font size="2" face="serif">CURRENT REPORT</font></p>
<p align="center"><font size="2" face="serif">Pursuant to Section 13 or 15(d) of the</font><br>
<font size="2" face="serif">Securities Exchange Act of 1934</font></p>
<p align="center"><font size="2" face="serif">Date of Report (Date of earliest event reported)</font><br>
<font size="2" face="serif">July 11, 2006</font></p>
<p align="center"><font size="2" face="serif"><u>AFS Funding Trust</u></font><br>
<font size="2" face="serif">(Exact name of registrant as specified in its charter)</font></p>  <table width="100%" cellspacing="0" cellpadding="0" border="0">
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  <td colspan="2" align="left"><font size="2" face="serif"><u>Delaware</u></font><br>
    <font size="2" face="serif">(State or Other Jurisdiction of Incorporation)</font></td>
<td align="center" width="30%"><font size="2" face="serif"><u>333-130439-01</u></font><br>
  <font size="2" face="serif">(Commission File Number)</font></td>
<td width="33%" align="center"><font size="2" face="serif"><u>75-2867897</u></font><br>
  <font size="2" face="serif"> (I.R.S. Employer Identification No.)</font></td>
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  <td align="left">&nbsp;</td>
  <td>&nbsp;</td>
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  <td width="3%" align="left"><font size="2" face="serif">c/o </font></td>
<td align="left"><font size="2" face="serif">AmeriCredit Financial Services,
    Inc.</font><br>
  <font size="2" face="serif">Attention: J. Michael May, Esq.</font><br><font size="2" face="serif">801 Cherry Street, Suite 3900</font><br><font size="2" face="serif">Fort Worth, Texas</font><br><font size="2" face="serif">(Address of Principal Executive Offices)</font></td>
<td align="left"><font size="2" face="serif">&nbsp;</font></td>
<td align="center"><font size="2" face="serif"><u>76102</u></font><br><font size="2" face="serif">(Zip Code)</font></td>
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<p align="center"><font size="2" face="serif">Registrant's telephone number including area code  - <u>(817) 302-7000</u></font></p>
<p align="center"><u><font size="1" face="serif">_____________________________________________________________</font></u></p>
<p align="center"><font size="2" face="serif">(Former name or former address, if changed since last report)</font></p>
<p align="left"><font size="2" face="serif">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: </font></p>
<p align="left"><font size="2" face="serif"><img src="emptybox.gif" width="12" height="12">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425) </font></p>
<p align="left"><font size="2" face="serif"><img src="emptybox.gif" width="12" height="12">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12) </font></p>
<p align="left"><font size="2" face="serif"><img src="emptybox.gif" width="12" height="12">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
<p align="left"><font size="2" face="serif"><img src="emptybox.gif" width="12" height="12">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
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<p align="left"><font size="2" face="serif">Item 1.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Entry into a Material Definitive Agreement</u></font></p>
<p align="left"><font size="2" face="serif">Description of the Securities and the Auto Loans</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant, as Depositor, and AmeriCredit Financial Services, Inc., as Sponsor (&#147;<u>AmeriCredit</u>&#148;), plan to cause AmeriCredit Automobile Receivables Trust 2006-A-F (the &#147;<u>Trust</u>&#148;), a newly formed issuing entity, to issue $204,000,000 Class A-1 5.5048% Asset Backed Notes, $394,000,000 Class A-2 5.61% Asset Backed Notes, $412,000,000 Class A-3 5.56% Asset Backed Notes and $340,000,000 Class A-4 5.64% Asset Backed Notes (collectively, the &#147;<u>Notes</u>&#148;) and an Asset Backed Certificate, on July 20, 2006.  The Notes will be registered under the Registration Statement filed by the Registrant and AFS Funding Trust with the Securities and Exchange
Commission under the file number 333-130439-01.</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Notes, which evidence indebtedness of the Trust, the assets of which consist primarily of retail installment sales contracts secured by new and used automobiles, light duty trucks and vans financed thereby, will be sold to Wachovia Capital Markets, LLC, Barclays Capital Inc., BMO Capital Markets Corp., Deutsche Bank Securities Inc., J.P. Morgan Securities Inc. and UBS Securities LLC (the &#147;<u>Underwriters</u>&#148;), pursuant to an Underwriting Agreement attached hereto as <u>Exhibit 1.1</u>, dated as of July 11, 2006 (the &#147;<u>Underwriting Agreement</u>&#148;), among AmeriCredit, AFS Funding Trust (or the Registrant) and Wachovia Capital Markets, LLC, as representative of
the Underwriters.  This Current Report on Form 8-K is being filed in connection with the execution of the Underwriting Agreement to satisfy an undertaking to file copies of certain agreements executed in connection with the issuance of the Notes.  A form of the Underwriting Agreement was filed as an Exhibit to the Registration Statement.</font></p>
<p align="left"><font size="2" face="serif">Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Financial Statements, Pro Forma Financial Information and Exhibits</u>.</font></p>
<p align="left"><font size="2" face="serif" align="left">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not applicable</font></p>
<p align="left"><font size="2" face="serif" align="left">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not applicable</font></p>
<p align="left"><font size="2" face="serif" align="left">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits:</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Underwriting Agreement, dated as of July 11, 2006, among AmeriCredit, as Sponsor, AFS Funding Trust, as Seller, and Wachovia Capital Markets, LLC, as representative of the Underwriters.</font></p>
<p align="center"><font face="serif" size="2">2</font></p>
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<p align="center"><font size="2" face="serif">SIGNATURES</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.</font></p>
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    <td colspan="3"><font size="2" face="serif">AMERICREDIT AUTOMOBILE RECEIVABLES TRUST
    2006-A-F</font></td>
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    <td>&nbsp;</td>
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    <td><font size="2" face="serif">By:</font></td>
    <td colspan="2"><font size="2" face="serif">AmeriCredit
    Financial Services, Inc., as Sponsor</font></td>
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    <td>&nbsp;</td>
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    <td>&nbsp;</td>
    <td>&nbsp;</td>
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    <td>&nbsp;</td>
    <td><font size="2" face="serif">By: <u></u></font></td>
    <td><font size="2" face="serif"><u>/s/ J. Michael May&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>
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    <td>&nbsp;</td>
    <td><font size="2" face="serif">Name:</font></td>
    <td><font size="2" face="serif">J.
    Michael May</font></td>
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    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><font size="2" face="serif">Title:</font></td>
    <td><font size="2" face="serif">Senior
        Vice President, Chief Legal &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
        Officer
    and Secretary</font></td>
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    <td><font size="2" face="serif">Dated: July 13, 2006</font></td>
    <td>&nbsp;</td>
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<p align="center"><font size="2" face="serif"><b><u>EXHIBIT INDEX</u></b></font></p>
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<td align="left"><font size="2" face="serif"><u>Exhibit No.</u></font></td>
<td align="left" width="2%">&nbsp;</td>
<td width="80%" align="left"><font size="2" face="serif"><u>Description</u></font></td>
<td width="2%" align="left">&nbsp;</td> </tr>
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<td align="left"><font size="2" face="serif">1.1 </font></td>
<td align="left">&nbsp;</td>
<td align="left"><font size="2" face="serif">Underwriting Agreement, dated as of July 11, 2006, among AmeriCredit Financial Services, Inc., as Sponsor, AFS Funding Trust, as Seller, and Wachovia Capital Markets, LLC, as representative of the Underwriters.</font></td>
<td align="left">&nbsp;</td>
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<p align="center"><font face="serif" size="2">4</font></p>
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Prepared and filed by St Ives Financial
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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)
July 11, 2006
AFS Funding Trust
(Exact name of registrant as specified in its charter)
Delaware
(State or Other Jurisdiction of Incorporation)
333-130439-01
(Commission File Number)
75-2867897
(I.R.S. Employer Identification No.)
c/o
AmeriCredit Financial Services,
    Inc.
Attention: J. Michael May, Esq.
801 Cherry Street, Suite 3900
Fort Worth, Texas
(Address of Principal Executive Offices)
76102
(Zip Code)
Registrant's telephone number including area code  -
(817) 302-7000
_____________________________________________________________
(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 240.13e-4(c))
Item 1.01
Entry into a Material Definitive Agreement
Description of the Securities and the Auto Loans
The Registrant, as Depositor, and AmeriCredit Financial Services, Inc., as Sponsor ("
AmeriCredit
"), plan to cause AmeriCredit Automobile Receivables Trust 2006-A-F (the "
Trust
"), a newly formed issuing entity, to issue $204,000,000 Class A-1 5.5048% Asset Backed Notes, $394,000,000 Class A-2 5.61% Asset Backed Notes, $412,000,000 Class A-3 5.56% Asset Backed Notes and $340,000,000 Class A-4 5.64% Asset Backed Notes (collectively, the "
Notes
") and an Asset Backed Certificate, on July 20, 2006.  The Notes will be registered under the Registration Statement filed by the Registrant and AFS Funding Trust with the Securities and Exchange
Commission under the file number 333-130439-01.
The Notes, which evidence indebtedness of the Trust, the assets of which consist primarily of retail installment sales contracts secured by new and used automobiles, light duty trucks and vans financed thereby, will be sold to Wachovia Capital Markets, LLC, Barclays Capital Inc., BMO Capital Markets Corp., Deutsche Bank Securities Inc., J.P. Morgan Securities Inc. and UBS Securities LLC (the "
Underwriters
"), pursuant to an Underwriting Agreement attached hereto as
Exhibit 1.1
, dated as of July 11, 2006 (the "
Underwriting Agreement
"), among AmeriCredit, AFS Funding Trust (or the Registrant) and Wachovia Capital Markets, LLC, as representative of
the Underwriters.  This Current Report on Form 8-K is being filed in connection with the execution of the Underwriting Agreement to satisfy an undertaking to file copies of certain agreements executed in connection with the issuance of the Notes.  A form of the Underwriting Agreement was filed as an Exhibit to the Registration Statement.
Item 9.01.
Financial Statements, Pro Forma Financial Information and Exhibits
.
(a)      Not applicable
(b)      Not applicable
(c)      Exhibits:
1.1      Underwriting Agreement, dated as of July 11, 2006, among AmeriCredit, as Sponsor, AFS Funding Trust, as Seller, and Wachovia Capital Markets, LLC, as representative of the Underwriters.
2
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.
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST
    2006-A-F
By:
AmeriCredit
    Financial Services, Inc., as Sponsor
By:
/s/ J. Michael May
Name:
J.
    Michael May
Title:
Senior
        Vice President, Chief Legal
Officer
    and Secretary
Dated: July 13, 2006
3
EXHIBIT INDEX
Exhibit No.
Description
1.1
Underwriting Agreement, dated as of July 11, 2006, among AmeriCredit Financial Services, Inc., as Sponsor, AFS Funding Trust, as Seller, and Wachovia Capital Markets, LLC, as representative of the Underwriters.
4