-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GrNLfyF7yWi9qo3azduiP1KPTGu96Rhd/JbOt9nOacSU8FJyjQL7sn8RGncLOQA+ e/qSTJI3b/W2+I/BDWK6Gg== 0001020242-99-000202.txt : 19990402 0001020242-99-000202.hdr.sgml : 19990402 ACCESSION NUMBER: 0001020242-99-000202 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19981231 FILED AS OF DATE: 19990331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WILSHIRE FUNDING CORP MORT BACKED CERT SERIES 1997-1 CENTRAL INDEX KEY: 0001070236 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: SEC FILE NUMBER: 333-44593-09 FILM NUMBER: 99582875 BUSINESS ADDRESS: STREET 1: 11 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 9492537562 MAIL ADDRESS: STREET 1: 3 PARK PLAZA 16TH FLOOR CITY: IRVINE STATE: CA ZIP: 92614 10-K 1 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, 1998 Commission file number: 333-33807 CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP. (as depositor under the Pooling and Servicing Agreement, dated as of September 1, 1997, which forms Wilshire Funding Corporation Mortgage Backed Certificates, Series 1997-WFC1). WILSHIRE FUNDING CORPORATION MORTGAGE-BACKED CERTIFICATES, SERIES 1997-WFC1 (Exact name of Registrant as specified in its Charter) DELAWARE 13-3320910 (State or other jurisdiction (I.R.S. Employer incorporation or organization) Identification Number) 11 MADISON AVENUE NEW YORK, NEW YORK 10010 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (212) 325-2000 Securities registered pursuant to Section 12(b) of the Act: NOT APPLICABLE. Securities registered pursuant to Section 12(g) of the Act: NOT APPLICABLE. 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 the Registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of the Form 10-K or any amendment to this Form 10-K. [ ]. Aggregate market value of voting stock held by non-affiliates of the Registrant as of December 31, 1998: NOT APPLICABLE. Number of shares of common stock outstanding as of December 31, 1998: NOT APPLICABLE. DOCUMENTS INCORPORATED BY REFERENCE Documents in Part I and Part IV incorporated herein by reference are as follows: None Documents in Part II and Part IV incorporated herein by reference are as follows: Monthly Report to Certificateholders as to distributions made on October 27, 1997, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on November 27, 1997, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on December 27, 1997, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on January 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on February 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on March 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on April 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on May 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on June 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on July 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on December 29, 1998. Monthly Report to Certificateholders as to distributions made on August 25, 1998, and filed with the Securities and Exchange Commission on Form 8-K on December 29, 1998. Monthly Report to Certificateholders as to distributions made on September 25, 1998, and filed with the Securities and Exchange Commission on Form 8-K on December 29, 1998. Monthly Report to Certificateholders as to distributions made on October 26, 1998, and filed with the Securities and Exchange Commission on Form 8-K on December 29, 1998. Monthly Report to Certificateholders as to distributions made on November 25, 1998, and filed with the Securities and Exchange Commission on Form 8-K on December 29, 1998. Monthly Report to Certificateholders as to distributions made on December 28, 1998, and filed with the Securities and Exchange Commission on Form 8-K on January 29, 1999. Monthly Report to Certificateholders as to distributions made on January 25, 1999, and filed with the Securities and Exchange Commission on Form 8-K on January 29, 1999. PART 1 ITEM 1. Business. The trust fund (the "Trust") created pursuant to a Pooling and Servicing Agreement dated as of September 15, 1997 (the "Pooling and Servicing Agreement") among Wilshire Mortgage Funding Company V, Inc., a Delaware corporation, its successors and permitted assigns, as Unaffiliated Seller (the "Unaffiliated Seller"), Wilshire Servicing Corporation, a Delaware corporation ("WSC"), its as Master Servicer (the "Master Servicer"), Credit Suisse First Boston Mortgage Securities Corp., a Delaware corporation, as Depositor (the "Depositor"), and Bankers Trust Company of California, N.A., a national banking association chartered under the laws of the United States, its successors and permitted assigns, as Trustee (the "Trustee") and as Back-up Servicer (the "Back-up Servicer"). The Wilshire Funding Corporation Mortgage-Backed Certificates, Series 1997-WFC1 (the "Certificates") will represent beneficial interests in a trust (the "Trust"), the assets of which (the "Trust Fund") will consist primarily of a pool of fixed and adjustable rate, closed-end loans secured by mortgages on residential one- to four-family properties (the "Mortgage Loans") purchased by Wilshire Funding Corporation (the "Wilshire Seller") in the ordinary course of its business and conveyed, together with certain related property described in the Prospectus Supplement dated September 25, 1997, to Wilshire Mortgage Funding Company V. Inc. (the "Seller"). The Seller will convey such property to Credit Suisse First Boston Mortgage Securities Corp. (the "Depositor"), which will convey it to the Trust. The Trust will be created and the Certificates will be pursuant to the Pooling and Servicing Agreement. The Certificates will consist of the following eleven classes (each, a "Class"): (i) the Class A-I Certificates, the Class A-II Certificates and the Class A-III Certificates (collectively, the "Class A Certificates"); (ii) the Class IO Certificates; (iii) the Class PO Certificates; (iv) the Class M-1 Certificates, the Class M-2 Certificates and the Class M-3 Certificates (collectively, the "Class M Certificates"); and (v) the Class B-1 Certificates, the Class B-2 Certificates and the Class B-3 Certificates (collectively, the "Class B Certificates"). The Class A Certificates, the Class IO Certificates and the PO Certificates are referred to herein collectively as the "Senior Certificates." The Trust will also issue a "Residual interest") with respect to each REMIC held by the Trust (collectively, the "Residual Certificates"). The Certificates in the aggregate will evidence the entire beneficial ownership interest in the Trust Fund. The Trust Fund will consist of: (i) the Mortgage Loans; (ii) such assets as from the time to time are identified as deposited in respect of the Mortgage Loans in the Collection Account and the Certificate Account and belonging to the Trust Fund; (iii) property acquired by foreclosure of such Mortgage Loans or deed in lieu of foreclosure; (iv) any hazard or other insurance policies with respect to the Mortgage Loans; and (v) all proceeds of the foregoing. Information with respect to the business of the Trust would not be meaningful because the only "business" of the Trust is the collection on the Mortgage Loans and distribution of payments on the Certificates to Certificateholders. This information is accurately summarized in the Monthly Reports to Certificateholders, which are filed on Form 8-K. There is no additional relevant information to report in response to Item 101 of Regulation S-K. ITEM 2. Properties. The Depositor owns no property. The Wilshire Funding Corporation Mortgage Backed Certificates, Series 1997-WFC1, in the aggregate, represent the beneficial ownership in a Trust consisting primarily of the Mortgage Loans. The Trust will acquire title to real estate only upon default of the mortgagors under the Mortgage Loan. Therefore, this item is inapplicable. ITEM 3. Legal Proceedings. None. 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. The Wilshire Funding Corporation Mortgage Backed Certificates, Series 1997-WFC1 represent, in the aggregate, the beneficial ownership in a trust fund consisting primarily of the Mortgage Loans. The Certificates are owned by Certificateholders as trust beneficiaries. Strictly speaking, Registrant has no "common equity," but for purposes of this Item only, Registrant's Wilshire Funding Corporation Mortgage Backed Certificates, Series 1997-WFC1 are treated as "common equity." (a) Market Information. There is no established public trading market for Registrant's Certificates. The Registrant believes the Certificates are traded primarily in intra-dealer markets and non- centralized inter-dealer markets. (b) Holders. The number of registered holders of all classes of Certificates on December 31, 1998 was: 26. (c) Dividends. Not applicable. The information regarding dividends required by sub-paragraph (c) of Item 201 of Regulation S-K is inapplicable because the Trust does not pay dividends. However, information as to distribution to Certificateholders is provided in the Monthly Reports to Certificateholders for each month of the fiscal year in which a distribution to Certificateholders was made. ITEM 6. Selected Financial Data. Not Applicable. Because of the limited activities of the Trust, the Selected Financial Data required by Item 301 of Regulation S-K does not add relevant information to that provided by the Monthly Reports to Certificateholders, which are filed on a monthly basis on Form 8-K. ITEM 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. Not Applicable. The information required by Item 303 of Regulation S-K is inapplicable because the Trust does not have management per se, but rather the Trust has a Trustee who causes the preparation of the Monthly Reports to Certificateholders. The information provided by the Monthly Reports to Certificateholders, which are filed on a monthly basis on Form 8-K, does provide the relevant financial information regarding the financial status of the Trust. ITEM 8. Financial Statements and Supplementary Data. Monthly Report to Certificateholders as to distributions made on October 27, 1997, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on November 27, 1997, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on December 27, 1997, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on January 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on February 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on March 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on April 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on May 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on June 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on July 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on December 29, 1998. Monthly Report to Certificateholders as to distributions made on August 25, 1998, and filed with the Securities and Exchange Commission on Form 8-K on December 29, 1998. Monthly Report to Certificateholders as to distributions made on September 25, 1998, and filed with the Securities and Exchange Commission on Form 8-K on December 29, 1998. Monthly Report to Certificateholders as to distributions made on October 26, 1998, and filed with the Securities and Exchange Commission on Form 8-K on December 29, 1998. Monthly Report to Certificateholders as to distributions made on November 25, 1998, and filed with the Securities and Exchange Commission on Form 8-K on December 29, 1998. Monthly Report to Certificateholders as to distributions made on December 28, 1998, and filed with the Securities and Exchange Commission on Form 8-K on January 29, 1999. Monthly Report to Certificateholders as to distributions made on January 25, 1999, and filed with the Securities and Exchange Commission on Form 8-K on January 29, 1999. Annual Statement of Compliance by the Master Servicer is not currently available and will be subsequently filed on Form 8. Independent Accountant's Report on Servicer's will be subsequently filed on Form 8. ITEM 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. None. PART III ITEM 10. Directors and Executive Officers of Registrant. Not Applicable. The Trust does not have officers or directors. Therefore, the information required by items 401 and 405 of Regulation S-K are inapplicable. ITEM 11. Executive Compensation. Not Applicable. The Trust does not have officers or directors to whom compensation needs to be paid. Therefore, the information required by item 402 of regulation S-K is inapplicable. ITEM 12. Security Ownership of Certain Beneficial Owners and Management. (a) Security ownership of certain beneficial owners. Under the Indenture governing the Trust, the holders of the Certificates generally do not have the right to vote and are prohibited from taking part in management of the Trust. For purposes of this Item and Item 13 only, however, the Certificateholders are treated as "voting security" holders. As of December 31, 1998, the following are the only persons known to the Registrant to be the beneficial owners of more than 5% of any class of voting securities: The Bank of New York Cecile Lamarco 925 Patterson Plank Rd. Secaucus, NJ 07094 Series 1997-1 Class A-I $6,300,000.00 (Original Principal Balance) 14.0% (Percentage of Class) Bankers Trust Company John Lasher c/o BT Services Tennessee, Inc. 648 Grassmere Park Drive Nashville, TN 37211 Series 1997-1 Class A-I $3,000,000.00 (Original Principal Balance) 6.0% (Percentage of Class) Citibank, N.A. Marta Hoosain P.O.Box 30576 Tampa, FL 33630-3576 Series 1997-1 Class A-I $7,000,000.00 (Original Principal Balance) 15.0% (Percentage of Class) Firstar Trust Company Ferdinand Caldwell 777 Wisconsin Avenue Milwaukee, WI 53202 Series 1997-1 Class A-I $5,000,000.00 (Original Principal Balance) 11.0% (Percentage of Class) The Northern Trust Company Jarvis A. McKee 801 S. Canal C-IN Chicago, IL 60607 Series 1997-1 Class A-I $6,427,624.00 (Original Principal Balance) 14.0% (Percentage of Class) PNC Bank, National Association Glen Metzger 1835 Market Street 11 Penn Center, 15th Floor Philadelphia, PA 19103 Series 1997-1 Class A-I $7,200,000.00 (Original Principal Balance) 15.0% (Percentage of Class) State Street Bank and Trust Company Joseph J. Callahan Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631 Series 1997-1 Class A-I $4,905,826.00 (Original Principal Balance) 11.0% (Percentage of Class) Toyo Trust Company of New York Catherine Barrezueta 280 Park Avenue 39th Floor West BLDG. New York NY 10017 Series 1997-1 Class A-I $2,521,798.00 (Original Principal Balance) 5.0% (Percentage of Class) Credit Suisse First Boston Corporation c/o ADP Proxy Services Series 1997-1 Class B-3 $4,403,561.00 (Original Principal Balance) 100% (Percentage of Class) Chase Manhattan Bank Orma Trim, Supervisor 4 New York Plaza 13th Floor New York, NY 10004 Series 1997-1 Class A-II $14,084,475.00 (Original Principal Balance) 40.0% (Percentage of Class) LBI -Lehman Government Securities, Inc. Steve Patriarco, Sr. V.P. 101 Hudson Street 31st Floor Jersey City, NJ 07302 Series 1997-1 Class A-II $20,000,000.00 (Original Principal Balance) 56.0% (Percentage of Class) Credit Suisse First Boston Corporation c/o ADP Proxy Services Series 1997-1 Class A-III $26,166,367.00 (Original Principal Balance) 100% (Percentage of Class) Salomon Smith Barney, Inc./Salomon Brothers Patricia Haller 333 W. 34th Street, 3rd Floor New York, NY 10001 Series 1997-1 Class IO $67,205,202.00 (Original Principal Balance) 100% (Percentage of Class) Boston Safe Deposit and Trust Company Constance Holloway c/o Mellon Bank Center, Room 153-3015 Pittsburgh, PA 15259 Series 1997-1 Class PO $1,682,950.00 (Original Principal Balance) 100% (Percentage of Class) The Bank of New York Cecile Lamarco 925 Patterson Plank Rd. Secaucus, NJ 07094 Series 1997-1 Class M-1 $2,200,000.00 (Original Principal Balance) 25.0% (Percentage of Class) The Bank of New York/CDC Alpha Rosa Mendez Onew Wall Street New York, NY 10286 Series 1997-1 Class M-1 $1,000,000.00 (Original Principal Balance) 11.0% (Percentage of Class) Citibank, N.A. Marta Hoosain P.O.Box 30576 Tampa, FL 33630-3576 Series 1997-1 Class M-1 $5,607,123.00 (Original Principal Balance) 64.0% (Percentage of Class) First National Bank of Omaha Charleen Winans One First National Center Omaha, NE 68102 Series 1997-1 Class M-2 $2,000,000.00 (Original Principal Balance) 30.0% (Percentage of Class) Norwest Bank Minnesota, National Association John Kemper 733 Marquette Avenue Minneapolis, MN 55479-0056 Series 1997-1 Class M-2 $3,605,342.00 (Original Principal Balance) 55.0% (Percentage of Class) National City Bankers Trust John Badock 1900 East 9th Street Cleveland, OH 44114 Series 1997-1 Class M-2 $1,000,000.00 (Original Principal Balance) 15.0% (Percentage of Class) Chase Manhattan Bank Orma Trim, Supervisor 4 New York Plaza 13th Floor New York, NY 10004 Series 1997-1 Class M-3 $1,600,000.00 (Original Principal Balance) 31.0% (Percentage of Class) State Street Bank and Trust Company Joseph J. Callahan Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631 Series 1998-1 Class M-3 $3,537,489.00 (Original Principal Balance) 69.0% (Percentage of Class) (b) Security ownership of management. Not Applicable. The Trust does not have any officers or directors. Therefore, the information required by Item 403 of Regulation S-K is inapplicable. (c) Changes in control. Not Applicable. Since Certificateholders do not possess, directly or indirectly, the power to direct or cause the direction of the management and policies of the Trust, other than in respect to certain required consents regarding any amendments to the Indenture, the information requested with respect to item 403 of Regulation S-K is inapplicable. ITEM 13. Certain Relationships and Related Transactions. (a) Transactions with management and others. Registrant knows of no transaction or series of transactions during the fiscal year ended December 31, 1998, or any currently proposed transaction or series of transactions, in an amount exceeding $60,000 involving the Registrant in which the Certificateholders identified in Item 12(a) had or will have a direct or indirect material interest. There are no persons of the types described in Item 404(a)(1),(2) and (4) of Regulation S-K, however, the information required by Item 404(a)(3) of Regulation S-K is hereby incorporated by reference in Item 12 herein. (b) Certain business relationships. None. (c) Indebtedness of management. Not Applicable. The Trust does not have management consisting of any officers or directors. Therefore, the information required by item 404 of Regulation S-K is inapplicable. (d) Transactions with promoters. Not Applicable. The Trust does not use promoters. Therefore, the information required by item 404 of Regulation S-K is inapplicable. PART IV ITEM 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K. (a) The following is a list of documents filed as part of this report: EXHIBITS Monthly Report to Certificateholders as to distributions made on October 27, 1997, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on November 27, 1997, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on December 27, 1997, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on January 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on February 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on March 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on April 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on May 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on June 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. Monthly Report to Certificateholders as to distributions made on July 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on December 29, 1998. Monthly Report to Certificateholders as to distributions made on August 25, 1998, and filed with the Securities and Exchange Commission on Form 8-K on December 29, 1998. Monthly Report to Certificateholders as to distributions made on September 25, 1998, and filed with the Securities and Exchange Commission on Form 8-K on December 29, 1998. Monthly Report to Certificateholders as to distributions made on October 26, 1998, and filed with the Securities and Exchange Commission on Form 8-K on December 29, 1998. Monthly Report to Certificateholders as to distributions made on November 25, 1998, and filed with the Securities and Exchange Commission on Form 8-K on December 29, 1998. Monthly Report to Certificateholders as to distributions made on December 28, 1998, and filed with the Securities and Exchange Commission on Form 8-K on January 29, 1999. Monthly Report to Certificateholders as to distributions made on January 25, 1999, and filed with the Securities and Exchange Commission on Form 8-K on January 29, 1999. Annual Statement of Compliance by the Master Servicer is not currently available and will be subsequently filed on Form 8. Independent Accountant's Report on Servicer's servicing activities is not currently available and will be subsequently filed on Form 8. (b) The following Reports on Form 8-K were filed during the last quarter of the period covered by this Report: Monthly Report to Certificateholders as to distributions made on October 26, 1998, and filed with the Securities and Exchange Commission on Form 8-K on December 29, 1998. Monthly Report to Certificateholders as to distributions made on November 25, 1998, and filed with the Securities and Exchange Commission on Form 8-K on December 29, 1998. Monthly Report to Certificateholders as to distributions made on December 28, 1998, and filed with the Securities and Exchange Commission on Form 8-K on January 29, 1999. (c) The exhibits required to be filed by Registrant pursuant to Item 601 of Regulation S-K are listed above and in the Exhibit Index that immediately follows the signature page hereof. (d) Not Applicable. The Trust does not have any subsidiaries or affiliates. Therefore, no financial statements are filed with respect to subsidiaries or affiliates. Supplemental information to be furnished with reports filed pursuant to Section 15(d) by registrants which have not registered securities pursuant to Section 12 of the Act. No annual report, proxy statement, form of proxy or other soliciting material has been sent to Certificateholders, and the Registrant does not contemplate sending any such materials subsequent to the filing of this report. SIGNATURE 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 its behalf by the undersigned, thereunto duly authorized. By: Bankers Trust Company of California, N.A. not in its individual capacity but solely as a duly authorized agent of the Registrant pursuant to the Pooling and Servicing Agreement, dated as of September 1, 1997. By: /s/Judy L. Gomez Judy L. Gomez Assistant Vice President Date: March 31, 1999 EXHIBIT INDEX Exhibit Document 1.1 Monthly Report to Certificateholders as to distributions made on October 27, 1997, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. 1.2 Monthly Report to Certificateholders as to distributions made on November 27, 1997, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. 1.3 Monthly Report to Certificateholders as to distributions made on December 27, 1997, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. 1.4 Monthly Report to Certificateholders as to distributions made on January 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. 1.5 Monthly Report to Certificateholders as to distributions made on February 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. 1.6 Monthly Report to Certificateholders as to distributions made on March 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. 1.7 Monthly Report to Certificateholders as to distributions made on April 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. 1.8 Monthly Report to Certificateholders as to distributions made on May 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. 1.9 Monthly Report to Certificateholders as to distributions made on June 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on October 8, 1998. 2.0 Monthly Report to Certificateholders as to distributions made on July 27, 1998, and filed with the Securities and Exchange Commission on Form 8-K on December 29, 1998. 2.1 Monthly Report to Certificateholders as to distributions made on August 25, 1998, and filed with the Securities and Exchange Commission on Form 8-K on December 29, 1998. 2.2 Monthly Report to Certificateholders as to distributions made on September 25, 1998, and filed with the Securities and Exchange Commission on Form 8-K on December 29, 1998. 2.3 Monthly Report to Certificateholders as to distributions made on October 26, 1998, and filed with the Securities and Exchange Commission on Form 8-K on December 29, 1998. 2.4 Monthly Report to Certificateholders as to distributions made on November 25, 1998, and filed with the Securities and Exchange Commission on Form 8-K on December 29, 1998. 2.5 Monthly Report to Certificateholders as to distributions made on December 28, 1998, and filed with the Securities and Exchange Commission on Form 8-K on January 29, 1999. 2.6 Monthly Report to Certificateholders as to distributions made on January 25, 1999, and filed with the Securities and Exchange Commission on Form 8-K on January 29, 1999. -----END PRIVACY-ENHANCED MESSAGE-----