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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): June 22, 2000
EDUCATION LOANS INCORPORATED
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(Exact name of registrant as specified in its charter)
Delaware 333-85963 91-1819974
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
105 First Avenue Southwest, Aberdeen, South Dakota 57401
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (605) 622-4400
Not Applicable
(Former name or former address, if changed since last report)
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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.
Pursuant to the Servicing and Administration Agreement, dated as of
December 1, 1999 (the "Agreement"), among Education Loans Incorporated,
as Issuer (the "Issuer"), Student Loan Finance Corporation, as Servicer
and Administrator (the "Servicer"), and U.S. Bank National Association,
as Trustee (the "Trustee"), the Servicer delivered to the Trustee the
statement required by Section 5.23 of the Indenture and Section 21 of
the Agreement, which statement is being filed as Exhibit 99.1 to this
Form 8-K, and based thereon the Trustee is required to make
distributions to the holders of the Issuer's Student Loan Asset-Backed
Notes, Series 1999-1.
Item 6. Resignation of Registrant's Directors.
Not Applicable.
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Item 7. Financial Statements and Exhibits.
(c) Exhibits
The following exhibit is filed herewith. The exhibit number
corresponds with Item 601(b) of Regulation S-K.
Exhibit No. Description
99.1 Servicing Report, dated May 31, 2000, delivered
to the Trustee.
Item 8. Change in Fiscal Year.
Not Applicable.
Item 9. Sales of Equity Securities Pursuant to Regulation S.
Not Applicable.
Signature
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, hereto duly authorized.
Date: June 22, 2000
EDUCATION LOANS INCORPORATED
By /s/ A. Norgrin Sanderson
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A. Norgrin Sanderson
President
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EXHIBIT INDEX
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Exhibit Description of Exhibit
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99.1 Servicing Report, dated May 31, 2000, delivered
to the Trustee.
