SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549



                               ------------------

                    Under the Securities Exchange Act of 1934

                                  SCHEDULE 13G
                                 Final Amendment

             INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934




                            First American Financial
                          ----------------------------
                                (Name of Issuer)



                                  Common Stock
                          ----------------------------
                         (Title of Class of Securities)



                                    318522307
                          ----------------------------
                                 (CUSIP Number)



                                  May 31, 2001
        -----------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)



Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

      |X|  Rule 13d-1(b)
      | |  Rule 13d-1(c)
      | |  Rule 13d-1(d)


                                ----------------

                                Page 1 of 6 Pages






                                  SCHEDULE 13G

CUSIP No.  318522307                                         Page 2 of 6 Pages
--------------------------------------------------------------------------------

1)     NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

       Gilder, Gagnon, Howe & Co. LLC
       13-3174112
--------------------------------------------------------------------------------
2)     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP          (a) | |

                                                                 (b) | |
--------------------------------------------------------------------------------
3)     SEC USE ONLY


--------------------------------------------------------------------------------
4)     CITIZENSHIP OR PLACE OF ORGANIZATION

       New York
--------------------------------------------------------------------------------
                         5)     SOLE VOTING POWER
 NUMBER
 OF                             None
 SHARES                  -------------------------------------------------------
 BENEFICIALLY            6)     SHARED VOTING POWER
 OWNED BY
 EACH                           None
 REPORTING               -------------------------------------------------------
 PERSON                  7)     SOLE DISPOSITIVE POWER
 WITH
                                None
                         -------------------------------------------------------
                         8)     SHARED DISPOSITIVE POWER

                                277,735
--------------------------------------------------------------------------------
9)     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

       277,735
--------------------------------------------------------------------------------
10)    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

                                                                   | |
--------------------------------------------------------------------------------
11)    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

       0.4%
--------------------------------------------------------------------------------
12)    TYPE OF REPORTING PERSON

       BD
--------------------------------------------------------------------------------


                                      -2-





                                    Schedule 13G

Item 1(a).  Name of Issuer:

First American Financial

Item 1(b).  Address of Issuer's Principal Executive Offices:

114 East Fifth Street
Santa Ana, CA 92701

Item 2(a).  Name of Person Filing:

Gilder, Gagnon, Howe & Co. LLC

Item 2(b).  Address of Principal Business Office or, if None, Residence:

1775 Broadway, 26th Floor
New York, NY  10019

Item 2(c).  Citizenship:

New York

Item 2(d).  Title of Class of Securities:

Common Stock

Item 2(e).  CUSIP Number:

318522307

Item 3. If this statement is filed pursuant to ss.ss. 240.13d-1(b), or
240.13d-2(b) or (c), check whether the person filing is a:

            (a)   [x] Broker or Dealer Registered Under Section 15 of the
                      Act (15 U.S.C. 78o)

            (b)   | | Bank as defined in section 3(a)(6) of the Act (15
                      U.S.C. 78c)

            (c)   | | Insurance Company as defined in section 3(a)(19) of
                      the Act (15 U.S.C. 78c)

            (d)   | | Investment Company registered under section 8 of the
                      Investment Company Act of 1940 (15 U.S.C. 80a-8)

            (e)   | | Investment Adviser in accordance withss.
                      240.13d-1(b)(1)(ii)(E)

            (f)   | | Employee benefit plan or endowment fund in accordance
                      withss.240.13d-1(b)(1)(ii)(F)

            (g)   | | Parent Holding Company or control person in
                      accordance withss.240.13d-1(b)(ii)(G)


                                      -3-




            (h)   | | Savings Association as defined inss.3(b) of the
                      Federal Deposit Insurance Act (12 U.S.C. 1813)

            (i)   | | Church plan that is excluded from the definition of an
                      investment company under ss.3(c)(15) of the Investment
                      Company Act of 1940 (15 U.S.C. 80a-3)

            (j)   | | Group, in accordance withss.240.13d-1(b)(ii)(J)

Item 4.     Ownership.

            (a)         Amount beneficially owned:  277,735

            (b)         Percent of class:  0.4%

            (c)         Number of shares as to which such person has:

                        (i)      Sole power to vote or to direct the vote:
                                 None

                        (ii)     Shared power to vote or to direct the vote:
                                 None

                        (iii)    Sole power to dispose or to direct the
                                 disposition of: None

                         (iv)    Shared power to dispose or to direct the
                                 disposition of: 277,735

            The shares reported include 235,924 shares held in customer accounts
            over which partners and/or employees of the Reporting Person have
            discretionary authority to dispose of or direct the disposition of
            the shares and 41,811 shares held in accounts owned by the partners
            of the Reporting Person and their families.

Item 5.     Ownership of Five Percent or Less of a Class.

This statement is being filed to report the fact that as of the date hereof the
reporting person has ceased to be the beneficial owner of more than five percent
of the class of securities.

Item 6.     Ownership of More than Five Percent on Behalf of Another Person.

None

Item 7.     Identification and Classification of the Subsidiary Which
            Acquired the Security Being Reported on by the Parent Holding
            Company.

Not applicable


                                      -4-




Item 8.     Identification and Classification of Members of the Group.

Not applicable

Item 9.     Notice of Dissolution of Group.

Not applicable

Item 10.    Certification.

            By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.


                                       -5-




                                    SIGNATURE


         After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Statement is true, complete and correct.


                                      June 8, 2001
                                    -----------------------------------
                                        Date


                                      /s/ Walter Weadock
                                    ----------------------------------------
                                        Signature


                                      Walter Weadock, Member
                                    -------------------------------------
                                        Name/Title


                                      -6-