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): November 15, 2000
Tiers Asset-Backed Securities, Series CHAMT Trust 1997-7 (Exact name
of registrant as specified in its charter)
DELAWARE 33-55860/ 52-6880113
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33-35735
(STATE OR OTHER JURISDICTION (COMMISSION (I.R.S. EMPLOYER
OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.)
c/o Delaware Trust Capital Management, Inc.
c/o First Union Trust Co., N.A.
920 King Street, One Rodney Square, 1st Floor
Wilmington, Delaware 19801
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
Registrant's telephone number, including area code (302)-888-7539
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______________________________N/A____________________________________
(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.
Not Applicable.
Item 6. Resignations of Registrant's Directors.
Not Applicable.
Item 7. Financial Statements, Pro-Forma Financial Information and
Exhibits.
(a) Not Applicable.
(b) Not Applicable.
(c) Exhibits.
1. Indenture Trustee's Monthly Report in respect of the November 15, 2000
Distribution Date.
2. Administrator's Report in respect of the November 15, 2000 Distribution
Date.
Item 8. Change in Fiscal Year.
Not Applicable.
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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.
TIERS Asset-Backed Securities
Series CHAMT Trust 1997-7
By: Delaware Trust Capital Management, Inc.,
not in its individual capacity,
but solely as Owner Trustee on behalf of
TIERS Asset-Backed Securities,
Series CHAMT Trust 1997-7
By:________________________________
Name: Sterling C. Correia
Title: Vice President
Dated: November 17, 2000
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EXHIBIT INDEX
Exhibit Page
1. Indenture Trustee's Report in respect of the November 15, 2000
Distribution Date 5-6
2. Administrator's Report in respect of the November 15, 2000
Distribution 7-8
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