SECURITIES AND EXCHANGE COMMISSION

                    Washington, DC 20549

                          FORM 8-K
                       CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

                        June 8, 2000
              (date of earliest event reported)

                PNC MORTGAGE SECURITIES CORP.
          as Depositor and Master Servicer under a
               Pooling and Servicing Agreement
                   dated as of May 1, 2000
                providing for the issuance of

                        $596,801,223

             MORTGAGE PASS-THROUGH CERTIFICATES
                        SERIES 2000-4

          Delaware         333-72879         94-2528990

          (State or other  (Commission       (IRS Employer
          jurisdiction of   File Number)     Identification
          Incorporation)                     Number)

                   75 NORTH FAIRWAY DRIVE
                VERNON HILLS, ILLINOIS 60061

          (Address of principal executive offices)

     Registrant's telephone number, including area code:

                       (847) 549-6500

Item 1.   Changes in Control of Registrant. Not applicable.

Item 2.   Acquisition or Disposition of Assets. Not applicable.

Item 3.   Bankruptcy or Receivership. Not applicable.

Item 4.   Changes in Registrant's Certifying Accountant. Not
applicable.

Item 5.   Other Events. Not applicable.

Item 6.   Resignation of Registrant's Directors. Not applicable.

Item 7.   Financial Statements and Exhibits.

          The following exhibit is furnished herewith:

               7.1  Pooling and Servicing Agreement between PNC
     Mortgage Securities Corp., Depositor and Master Servicer,
     and State Street Bank and Trust Company, Trustee, dated as
     of May 1, 2000.


Item 8.   Change in Fiscal Year. Not applicable.

Item  9.    Sales of Equity Securities Pursuant to Regulation  S.
Not applicable.

                             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 thereunto duly authorized.

Dated: June 8, 2000.
                         PNC MORTGAGE SECURITIES CORP.
                         (Registrant)

                         By: \s\Thomas G. Lehmann
                         -----------------------------------
                         Thomas G. Lehmann
                         Vice President and General Counsel
                         (Authorized Officer)