MORGAN J P COMMERCIAL MORTGAGE FINANCE CORP
8-K, 1997-09-29
ASSET-BACKED SECURITIES
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                      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) September 22, 1997
                                   ------------------



                 J.P. Morgan Commercial Mortgage Finance Corp.    
           ------------------------------------------------------
              (Exact Name of Registrant as Specified in Charter)


         Delaware                  333-31095          13-3789046    
- ----------------------------     ------------     ------------------
(State or Other Jurisdiction     (Commission      (I.R.S. Employer
     of Incorporation)           File Number)     Identification No.)


                                60 Wall Street
                          New York, New York  10260   
                      -------------------------------
                       (Address of Principal Executive
                            Offices and Zip Code)

      Registrant's telephone number, including area code (212) 648-9344
                                                        --------------

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Item 5.   Other Events
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Filing of Computational Materials.
- ---------------------------------

     In  connection with  the  proposed offering  of  J.P. Morgan  Commercial
Mortgage Finance  Corp. (the "Company")  Mortgage Pass-Through  Certificates,
Series   1997-C5,  J.P.   Morgan  Securities   Inc.,  Prudential   Securities
Incorporated  and Smith Barney  Inc. (collectively, the  "Underwriters") have
prepared certain materials  (the "Computational Materials") for  distribution
to their potential investors.  Although the Company provided the Underwriters
with certain information regarding the  characteristics of the mortgage loans
in the related  portfolio, it did not  participate in the preparation  of the
Computational Materials.

     For the  purposes of this  Form 8-K, Computational Materials  shall mean
computer generated tables and/or charts displaying, with respect to any Class
or  Classes of  Certificates,  any  of the  following:  yield; average  life;
duration; expected  maturity;  interest rate  sensitivity; loss  sensitivity;
cash  flow characteristics;  background  information  regarding the  mortgage
loans;  the  proposed  structure; decrement  tables;  or  similar information
(tabular  or   otherwise)  of   a  statistical,   mathematical,  tabular   or
computational nature.   The  Computational Materials  are attached hereto  as
Exhibit 99.


Item 7.  Financial Statements, Pro Forma Financial
- ----     -----------------------------------------
         Information and Exhibits.
         ------------------------

(a)  Not applicable.
(b)  Not applicable.
(c)  Exhibits.

     The exhibit number corresponds with Item 601(b) of Regulation S-K.

     Exhibit No.                   Description
     -----------                   -----------

         99                   Computational Materials on
                              Form SE dated September 26, 1997


                                  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.

                           J.P. MORGAN COMMERCIAL MORTGAGE 
                             FINANCE CORP.


                           By: /s/ Bianca A. Russo   
                               ----------------------
                               Name:  Bianca A. Russo
                               Title: Vice President


Dated:    September 26, 1997




                                Exhibit Index
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Exhibit                                                                Page
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99.  Computational Materials filed on Form SE
     dated September 26, 1997                                             6



                IN ACCORDANCE WITH RULE 202 OF REGULATION S-T,
                THESE COMPUTATIONAL MATERIALS ARE BEING FILED
            IN PAPER PURSUANT TO A CONTINUING HARDSHIP EXEMPTION;
             AND IN ACCORDANCE WITH RULE 311 OF REGULATION S-T, 
           THESE COMPUTATIONAL MATERIALS ARE BEING FILED IN PAPER.



                                  EXHIBIT 99




                           COMPUTATIONAL MATERIALS

                                     for

                J.P. MORGAN COMMERCIAL MORTGAGE FINANCE CORP.

              MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-C5




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