GS MORTGAGE SECURITIES II SERIES 1997-GL I
8-K, 1997-07-21
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 and Exchange Act of 1934


Date of Report: July 21, 1997
- -----------------------------
(Date of earliest event reported)


                      GS Mortgage Securities Corporation II
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

    Delaware                    33-99774-02                   22-3442024
- --------------------------------------------------------------------------------
(State or Other                (Commission                (I.R.S. Employer
Jurisdiction of                 File Number)               Identification No.)
 Incorporation)



     85 Broad Street, New York, N.Y.                                   10004
- --------------------------------------------------------------------------------
     (Address of principal executive offices)                        (Zip Code)



       Registrant's telephone number, including area code: (212) 902-1000



<PAGE>




Item 5. Other Events.

     Attached  as an exhibit to this  Current  Report is the  consent of Ernst &
Young LLP (the "Ernst & Young  Consent")  regarding the financial  statements of
the Century Plaza Towers Joint  Venture,  furnished to the Registrant by Ernst &
Young  LLP in  respect  of the  Registrant's  proposed  offering  of  Commercial
Mortgage Pass-Through Certificates, Series 1997-GL I (the "Certificates").  Also
attached  as an  exhibit  to this  Current  Report is the  consent  of KPMG Peat
Marwick LLP (the "KPMG  Consent")  regarding  the  financial  statements  of the
Certain  Entities Under Common Control of Cadillac  Fairview S.C.  Finance Inc.,
furnished  to the  Registrant  by KPMG  Peat  Marwick  LLP,  in  respect  of the
Registrant's proposed offering of the Certificates.

     The  Certificates  will be offered  pursuant  to a  Prospectus  and related
Prospectus Supplement (together, the "Prospectus"), which will be filed with the
Commission  pursuant to Rule 424 under the  Securities  Act of 1933,  as amended
(the  "Act").  The  offer  and  sale  contemplated  by  the  Prospectus  of  the
Certificates  will be  registered  pursuant  to the Act under  the  Registrant's
Registration   Statement  on  Form  S-3  (No.   333-27083)  (the   "Registration
Statement").  The Registrant  hereby  incorporates the Ernst & Young Consent and
the KPMG Consent by reference in the Prospectus and the Registration Statement.

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

(c)  Exhibits

Item 601(a) of Regulation
    S-K Exhibit No.              Description
- -------------------------        -----------

          23.1                   Consent of Ernst & Young LLP, 
                                 dated July 14, 1997

          23.2                   Consent of KPMG Peat Marwick LLP, 
                                 dated July 18, 1997





<PAGE>


     Pursuant to the  requirements  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.

                               GS MORTGAGE SECURITIES CORPORATION II


                               By: GS Mortgage Securities Corporation II
                                   -------------------------------------
                                  Name:  /s/ Sheridan Schechner
                                         ----------------------
                                  Title: Managing Director

Date:  July 21, 1997



<PAGE>
                                  Exhibit Index



Item 601(a) of Regulation
    S-K Exhibit No.              Description
- -------------------------        -----------

          23.1                   Consent of Ernst & Young LLP, 
                                 dated July 14, 1997

          23.2                   Consent of KPMG Peat Marwick LLP, 
                                 dated July 18, 1997




                                                                Exhibit No. 23.1

                       CONSENT OF INDEPENDENT ACCOUNTANTS

     We  consent  to the  inclusion  in any form  (whether  in paper or  digital
format,  including any  electronic  media such as CD-ROM or the Internet) of the
Prospectus  Supplement  relating to the GS Mortgage  Securities  Corporation  II
Commercial Mortgage Pass-Through  Certificates,  Series 1997-GL I, of our report
dated May 13, 1997  accompanying the statements of revenues and certain expenses
of the Century  Plaza Towers owned by Delta  Towers Joint  Venture  contained in
such  Prospectus  Supplement,  and we consent to the reference to our firm under
the caption "Experts" in such Prospectus Supplement.



                                       /s/ Ernst & Young LLP
                                       ---------------------

Los Angeles, California
July 14, 1997


                                                                Exhibit No. 23.2

                       CONSENT OF INDEPENDENT ACCOUNTANTS

     We consent to the inclusion in the Prospectus Supplement relating to the GS
Mortgage   Securities   Corporation   II,   Commercial   Mortgage   Pass-Through
Certificates, Series 1997-GL I, of our report dated April 17, 1997, accompanying
the combined  financial  statements of the Certain Entities Under Common Control
of Cadillac Fairview S.C. Finance Inc. contained in such Prospectus  Supplement,
and we consent to the reference to our firm under the caption  "Experts" in such
Prospectus Supplement.



                                        /s/ KPMG Peat Marwick LLP
                                        ------------------------- 
                                        KPMG Peat Marwick LLP



Chicago, Illinois
July 18, 1997



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