SECURITIES AND EXCHANGE
                  COMMISSION
            WASHINGTON, D.C. 20549
                       
                   FORM 10-K
                       
     Annual Report Pursuant to Section 13
     or 15(d) of the Securities Exchange 
                  Act of 1934 
    for the fiscal year ended December 31, 1997
                       
       Commission File Number 33-99774-02
                       
     GS MORTGAGE SECURITIES CORPORATION II
     (Exact Name of registrant as specified in its charter)
                       
                              Delaware                                          

 

    22-3442024
  (State or Other Juris-                               (I.R.S. Employer
  diction of Incorporation)                            Identification No.)
  
  85 Broad Street, New York, New York 10004
  (Address of Principal Executive Office)
  
  Registrant's telephone number, including area code:                 212-902
- -1000
  
  Securities registered pursuant to Section 12(b) of the Act:     None
  
  Securities registered pursuant to Section 12(g) of the Act:     None
  
  Indicate by check mark whether the registrant (1) 
  has filed all reports 
  required to be filed  by Section 13 or 15(d) of the Securities Exchange 
  Act of 1934 during the preceding 12 months (or for such shorter period 
  that the registrant was required to file such reports),and (2) has been 
  subject to such filing requirements for the past 90 days. 
  
  Yes  X   No  __
  
  Indicate by check mark if disclosure of delinquent filers pursuant to 
  Item 405 of Regulation S-K is not contained herein, and will not be 
  contained, to the best of registrant's knowledge, in definitive proxy or 
  information statements incorporated by reference in part III of this 
  Form 10-K or any amendment to this Form 10-K.  Not applicable.
  
  Aggregate market value of voting stock held by non-affiliates of the 
  Registrant as of December 31, 1997.  Not applicable.
  
  Number of shares of common stock outstanding  a
  s of December 31, 1997.  
  Not applicable.
    
              Table of Contents
                        
  
  PART I
  
  Item 1. Business..................................................3
  
  Item 2. Properties................................................3
  
  Item 3. Legal Proceedings..........................................3
  
  Item 4. Submission Of Matters To A Vote Of Security Holders.......3
  
  PART II
  
  Item 5. Market For Registrant's Common Equity And 
  Related Shareholder 
            Matters.................................................3
  
  Item 6. Selected Financial Data...................................3
  
  Item 7. Management's Discussion And Analysis Of Financial Condition 
            And Results Of Operations...............................4
  
  Item 8. Financial Statements And Supplementary Data...............4
  
  Item 9. Changes In And Disagreements With Accountants On 
            Accounting And Financial Disclosure.....................4
  
  PART III
  
  Item 10. Directors And Executive Officers Of The Registrant.......4
  
  Item 11. Executive Compensation...................................4
  
  Item 12. Security Ownership Of Certain Beneficial Owners And 
            Management..............................................4
  
  Item 13. Certain Relationships And Related Transactions...........4
  
  PART IV
  
  Item 14. Exhibits, Financial Statement Schedules And Reports On 
            Form 8-K................................................4
  
  Signatures........................................................4
  
  Exhibit Index.....................................................4
    
PART I
  
  ITEM 1.         BUSINESS
  
                  This Annual Report on Form 10-K relates to the Trust Fund 
  formed, and the Commercial Mortgage Pass-Through Certificates, Series 
  1997-GL I issued, pursuant to a Pooling and Servicing Agreement, dated 
  as of August 11, 1997 (the "Pooling and Servicing Agreement"), by and 
  among GS Mortgage Securities Corporation II, as sponsor  (the "Company, 
  GMAC Commercial Mortgage Corporation., as master and special servicer,
  LaSalle National Bank, as trustee and REMIC administrator, and ABN AMRO
  Bank, N.V., as fiscal agent.  The Certificates have been registered
 pursuant to
  the Act under a Registration Statement on Form S-3 (No. 333-27083) (the
  "Registration Statement").
  
                  Capitalized terms used herein and not defined have the same 
  meanings ascribed to such terms in the Pooling and Servicing Agreement.
  
                  This Annual Report is being filed by the Servicer, in its 
  capacity as such under the Pooling and Servicing Agreement, on behalf of 
  Registrant.  The information contained herein has been supplied to 
  the Servicer by one or more of the Borrowers or other third parties 
  without independent review or investigation by the Servicer.  Pursuant 
  to the Pooling and Servicing Agreement, the Servicer is not responsible 
  for the accuracy or completeness of such information.
  
  ITEM 2.         PROPERTIES
  
          See Exhibits 99.1 and 99.2 hereto for Servicer s Annual Statement of
  Compliance and Servicer s Independent Accountant s Report on Servicer s
  servicing activities.
  
  ITEM 3.         LEGAL PROCEEDINGS
  
          Except for claims arising in the ordinary course of business and 
  which are covered by liability insurance, there are no material pending 
  legal proceedings involving the Trust Fund, the Mortgages comprising the 
  Trust Fund or the Trustee, the Special Servicer or the Servicer with 
  respect to or affecting their respective duties under the Pooling and 
  Servicing Agreement.
  
  ITEM 4.         SUBMISSION OF MATTERS TO A VOTE OF SECURITY
  HOLDERS
  
          No matters were submitted to a vote of Certificateholders during 
  the fiscal year covered by this report.
  
  PART II
  
  ITEM 5.         MARKET FOR REGISTRANT'S COMMON EQUITY AND
  RELATED       
                  STOCKHOLDER MATTERS
  
          There was one registered holder of the Certificate representing an 
  equity interest in the Trust as of December 31, 1997.  To the 
  Registrant's knowledge, as of that date, there was no principal market 
  in which the Certificates representing an equity interest in the Trust 
  were traded.
  
  ITEM 6.         SELECTED FINANCIAL DATA
  
          Not applicable.
  
  ITEM 7.        MANAGEMENT'S DISCUSSION AND ANALYSIS OF A
  FINANCIAL CONDITION    
                 AND RESULTS OF OPERATIONS
  
          Not applicable.
  
  ITEM 8.         FINANCIAL STATEMENTS AND SUPPLEMENTARY
  DATA
  
          Not applicable.
  
  ITEM 9.         CHANGES IN AND DISAGREEMENTS WITH
  ACCOUNTANTS ON        
                  ACCOUNTING AND FINANCIAL DISCLOSURE
  
          None.
  
  PART III
  
          The information required by Items 10, 11, 12 and 13 is not 
  applicable as the trust fund does not have directors or officers and 
  Certificateholders have no right to vote (except with respect to 
  required consents to certain amendments to the Pooling and Servicing 
  Agreement and upon certain events of default) or control the Trust 
  Fund.
  
  PART IV
  
  
  ITEM 14.        EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND
  REPORTS ON FORM 8-K
  
  (a)     1.*      Servicer's Annual Statement of Compliance for the 
period ended
  12/31/97.
           2.*      Servicer's Independent Accountant's Report on 
Servicer's servicing
  activities.
    3.*       Audited Financial Statements for One Hundred Towers, L.L.C.
           4.*       Audited Combined Financial Statements for Atlantic American
  Properties.
   
  (b)     Current Reports on Form 8-K for the Trust were filed on August 28,
  September 30, 
  October 30, November 28 and December 22, 1997.
  
          (a)1.*    Consent of Price Waterhouse for One Hundred Towers,
 L.L.C. audited
            financials.
         2.*    Consent of Arthur Andersen LLP for combined financial statements
  of Atlantic American Properties.
  
  
  
  
  * IN ACCORDANCE WITH RULE 202 OF REGULATION S-T, THESE
  EXHIBITS ARE BEING FILED IN PAPER PURSUANT TO A
    CONTINUING HARDSHIP EXEMPTION.
Pursuant to the requirements of 
Section 13 or 

15(d) of the 
  Securities Exchange Act of 1934, the Registrant has duly caused this 
  report to be signed on behalf of the Registrant by the undersigned 
  thereunto duly authorized.
  
  
                                          LASALLE NATIONAL BANK, IN
                                          ITS CAPACITY AS TRUSTEE UNDER 
                                          THE POOLING AND SERVICING
                                          AGREEMENT ON BEHALF OF GS MORTGAGE 
                                          SECURITIES CORPORATION II,
 REGISTRANT      
                 
  
                                          By: /s/ Russell Goldenberg
                                          Name:  Russell Goldenberg
                                          Title:     Senior Vice President
                      Dataed: April 4, 1998
  
  
                                            
EXHIBIT INDEX
  
  
  Exhibit No.     Description
  
  99.1*    Servicer's Annual Statement of Compliance
  99.2*   Servicer's Independent Accountants' Report on Servicer's servicing
  activities
  99.3*    Audited Financial Statements for One Hundred Towers, L.L.C.
  99.4*    Audited Combined Financial Statements for Atlantic American
  Properties.
  99.5*    Consent of Price Waterhouse for One Hundred Towers, L.L.C. audited
  financials.
  99.6*    Consent of Arthur Andersen LLP for combined financial statements of
  Atlantic American Properties.
  
  
  
  
  * IN ACCORDANCE WITH RULE 202 OF REGULATION S-T, THESE
  EXHIBITS ARE BEING FILED IN PAPER PURSUANT TO A
  CONTINUING HARDSHIP EXEMPTION.
  
  EXHIBIT 99.1