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): December 28, 1998
LEHMAN ABS CORPORATION,
as Depositor, United PanAm Mortgage Corporation, as Seller, Pan
American Bank, FSB, as Master Servicer, and Bankers Trust Company
of California, N.A., as trustee (the "Trustee") under the Pooling
and Servicing Agreement, dated as of September 1, 1997, providing
for the issuance of the United PanAm Mortgage Loan Asset Backed
Certificates, Series 1997-1.
LEHMAN ABS CORPORATION
(Exact name of Registrant as specified in its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
333-39649 94-324470
(Commission File Number) (I.R.S. Employer Identification No.)
THREE WORLD FINANCIAL CENTER
200 VESEY STREET
NEW YORK, NEW YORK 10022
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (212) 526-7000
Item 5. Other Events
Attached hereto is a copy of the Monthly Remittance Statements to the
Certificateholders which was derived from the monthly information
submitted by the Master Servicer of the Trust to the Trustee.
Item 7. Financial Statement and Exhibits
Exhibits: (as noted in Item 5 above)
Monthly Remittance Statement to the Certificateholders dated as of
December 28, 1998.
Monthly Remittance Statement to the Certificateholders dated as of
January 25, 1999.
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, hereunto duly authorized.
Bankers Trust Company of California,
N.A., not in its individual
capacity, but solely as a duly
authorized agent of the Registrant
pursuant to the Pooling and
Servicing Agreement, dated as of
December 1, 1997.
Date: January 29, 1999 By: /s/ Judy L. Gomez
Judy L. Gomez
Assistant Vice President
EXHIBIT INDEX
Document
Monthly Remittance Statement to the Certificateholders dated as of
December 28, 1998.
Monthly Remittance Statement to the Certificateholders dated as of
January 25, 1999.
United PanAm Mortgage Loan
Asset Backed Certificates
Series 1997-1
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
LT1 112,700,000.00 94,531,738.09 737,721.65 2,593,067.30 3,
>330,788.95 141,404.57 0.00 91,797,266.22
LT2 1,150,000.00 804,111.92 6,275.26 56,755.97
> 63,031.23 0.00 0.00 747,355.95
LT3 1,150,000.00 1,125,107.23 8,780.29 26,459.87
> 35,240.16 2,885.81 30,296.10 1,126,057.65
R2 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 115,000,000.00 96,460,957.24 752,777.20 2,676,283.14 3,
>429,060.34 144,290.38 30,296.10 93,670,679.82
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
LT1 838.790932 6.545889 23.008583
> 29.554472 814.527651 9.364749% 9.269075%
LT2 699.227758 5.456748 49.353021
> 54.809769 649.874737 9.364749% 9.269075%
LT3 978.354111 7.635035 23.008583
> 30.643617 979.180567 9.364749% 9.269075%
R2 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% 0.000000%
SELLER: United PanAm Mortgage Corporation ADMI
>NISTRATOR: Andrea Davidson
SERVICER: Pan American Bank, FSB.
> Bankers Trust Company
LEAD UNDERWRITER: Lehman ASB Corporation
> 3 Park Plaza
RECORD DATE: November 30, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: December 28, 1998
> FACTOR INFORMATION(800) 735-7777
Page 1 of 5
> (c) COPYRIGHT 1998 Bankers Trust Company
United PanAm Mortgage Loan
Asset Backed Certificates
Series 1997-1
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
MT1 112,700,000.00 94,531,738.09 737,721.65 2,593,067.30 3,
>330,788.95 141,404.57 0.00 91,797,266.22
MT2 1,150,000.00 804,111.93 6,275.26 56,755.97
> 63,031.23 0.00 0.00 747,355.96
MT3 1,150,000.00 1,125,107.22 8,780.29 26,459.87
> 35,240.16 2,885.81 30,296.10 1,126,057.64
MT4 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
R3 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 115,000,000.00 96,460,957.24 752,777.20 2,676,283.14 3,
>429,060.34 144,290.38 30,296.10 93,670,679.82
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
MT1 838.790932 6.545889 23.008583
> 29.554472 814.527651 9.364749% 9.269075%
MT2 699.227767 5.456748 49.353021
> 54.809769 649.874746 9.364749% 9.269075%
MT3 978.354103 7.635035 23.008583
> 30.643617 979.180558 9.364749% 9.269075%
MT4 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% 0.000000%
R3 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% 0.000000%
SELLER: United PanAm Mortgage Corporation ADMI
>NISTRATOR: Andrea Davidson
SERVICER: Pan American Bank, FSB.
> Bankers Trust Company
LEAD UNDERWRITER: Lehman ASB Corporation
> 3 Park Plaza
RECORD DATE: November 30, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: December 28, 1998
> FACTOR INFORMATION(800) 735-7777
Page 2 of 5
> (c) COPYRIGHT 1998 Bankers Trust Company
United PanAm Mortgage Loan
Asset Backed Certificates
Series 1997-1
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
A 114,425,000.00 92,757,139.75 452,544.62 2,946,219.62 3,
>398,764.24 0.00 0.00 89,810,920.13
X 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
R1 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 114,425,000.00 92,757,139.75 452,544.62 2,946,219.62 3,
>398,764.24 0.00 0.00 89,810,920.13
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
A 525170BA3 810.637009 4.015480 26.142144
> 30.157624 784.888968 5.322340% 5.904380%
X 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% 0.000000%
R1 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% 0.000000%
SELLER: United PanAm Mortgage Corporation ADMI
>NISTRATOR: Andrea Davidson
SERVICER: Pan American Bank, FSB.
> Bankers Trust Company
LEAD UNDERWRITER: Lehman ASB Corporation
> 3 Park Plaza
RECORD DATE: November 30, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: December 28, 1998
> FACTOR INFORMATION(800) 735-7777
Page 3 of 5
> (c) COPYRIGHT 1998 Bankers Trust Company
United PanAm Mortgage Loan
Asset Backed Certificates
Series 1997-1
Statement To Certificateholders
Distribution Date: December 28, 1998
SERVICING FEES PAID FOR THE CURRENT PERIOD:
> 32,755.64
DELINQUENT SERVICING FEES FOR THE CURRENT PERIOD:
> 7,436.42
NET ACCRUED SERVICING FEE FOR THE CURRENT PERIOD:
> 40,192.06
CURRENT PERIODS MONTHLY SERVICER ADVANCED PRINCIPAL
> 7,990.73
CURRENT PERIODS MONTHLY SERVICER ADVANCED INTEREST
> 150,801.57
DELINQUENT
LOAN 30-59
>60-89. 91 +
INFORMATION: DAYS
> DAYS DAYS TOTAL
PRINCIPAL BALANCE 887,446.23
>384,849.35 83,620.07 1,355,915.65
NUMBER OF LOANS 8
> 5 1 14
FORECLOSURE LOAN INFORMATION:
PRINCIPAL BALANCE 943,782.42
>844,158.40 5,775,604.04 7,563,544.86
NUMBER OF LOANS 9
> 12 54 75
BANKRUPTCY LOAN INFORMATION:
PRINCIPAL BALANCE 148,211.69
> 0.00 2,130,551.78 2,278,763.47
NUMBER OF LOANS 2
> 0 18 20
REO LOAN INFORMATION:
PRINCIPAL BALANCE 0.00
> 0.00 97,127.12 97,127.12
NUMBER OF LOANS 0
> 0 1712740 1712739.59
BOOK VALUE OF REO PROPERTIES
> 0.00
GUARANTEED DISTRIBUTION AMOUNT:
> 452,544.62
GUARANTEED DISTRIBUTION OF PRINCIPAL:
> 0.00
GUARANTEED DISTRIBUTION OF INTEREST:
> 452,544.62
INSURANCE PAYMENTS MADE TO CLASS A:
> 0.00
CERTIFICATE INSURER REIMBURSEMENTS:
> 0.00
CUMULATIVE INSURANCE PAYMENTS TO CLASS A:
> 0.00
ENDING AGGREGATE MORTGAGE LOAN COUNT:
> 803.00
ENDING AGGREGATE PRINCIPAL MORTGAGE LOAN BALANCE:
> 93,670,679.82
WEIGHTED AVERAGE MONTHS TO MATURITY:
> 347.00
WEIGHTED AVERAGE MORTGAGE RATE:
> 10.1115%
PRINCIPAL PREPAYMENTS FOR CURRENT PERIOD:
> 2,563,933.72
CLASS A INTEREST DISTRIBUTION AMOUNT:
> 452,544.62
CLASS A INTEREST PAID UNDER CERTIFICATE POLICY
> 0.00
AGGREGATE NON COVERED PREPAYMENT INTEREST SHORTFALL:
> 0.00
AGGREGATE RELIEF ACT INTEREST SHORTFALL :
> 0.00
Page 4 of 5
> (c) COPYRIGHT 1998 Bankers Trust Company
United PanAm Mortgage Loan
Asset Backed Certificates
Series 1997-1
Statement To Certificateholders
Distribution Date: December 28, 1998
CURRENT PERIODS BASIS RISK SHORTFALL AMOUNT:
> 0.00
ENDING UNPAID BASIS RISK SHORTFALLS:
> 0.00
EXTRAORDINARY TRUST FUND EXPENSES WITHDRAWN FROM COLLECTION ACCOUNT:
> 0.00
REQUIRED SUBORDINATED AMOUNT:
> 8,057,761.05
SUBORDINATED INCREASE AMOUNT:
> 155,942.20
SUBORDINATED REDUCTION AMOUNT:
> 0.00
CURRENT PERIODS AGGREGATE AMOUNT OF REALIZED LOSSES :
> 144,290.38
CURRENT PERIODS EXTRAORDINARY LOSSES :
> 0.00
CURRENT PERIODS FRAUD LOSSES :
> 0.00
CURRENT PERIODS SPECIAL HAZARD LOSSES :
> 0.00
CURRENT PERIODS BANKRUPTCY LOSSES:
> 0.00
BANKRUPTCY AMOUNT
> 100,000.00
FRAUD LOSS AMOUNT
> 3,450,000.00
SPECIAL HAZARD AMOUNT
> 1,144,250.00
DETAIL OF LOANS THAT BECAME REO DURING COLLECTION PERIOD
Unpaid
> Stated Principal Date Property
Loan Number Principal Balance
> Principal Balance Became REO
Page 5 of 5
> (c) COPYRIGHT 1998 Bankers Trust Company
United PanAm Mortgage Loan
Asset Backed Certificates
Series 1997-1
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
LT1 112,700,000.00 91,797,266.22 720,789.27 4,591,839.81 5,
>312,629.08 54,276.32 0.00 87,151,150.09
LT2 1,150,000.00 747,355.95 5,868.22 79,600.10
> 85,468.32 0.00 0.00 667,755.84
LT3 1,150,000.00 1,126,057.65 8,841.77 46,855.51
> 55,697.28 1,107.68 32,744.59 1,110,839.06
R2 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 115,000,000.00 93,670,679.82 735,499.26 4,718,295.42 5,
>453,794.68 55,384.00 32,744.59 88,929,744.99
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
LT1 814.527651 6.395646 40.743920
> 47.139566 773.302130 9.422362% 9.381190%
LT2 649.874737 5.102800 69.217482
> 74.320282 580.657256 9.422362% 9.381190%
LT3 979.180567 7.688496 40.743922
> 48.432417 965.947005 9.422362% 9.381190%
R2 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% 0.000000%
SELLER: United PanAm Mortgage Corporation ADMI
>NISTRATOR: Andrea Davidson
SERVICER: Pan American Bank, FSB.
> Bankers Trust Company
LEAD UNDERWRITER: Lehman ASB Corporation
> 3 Park Plaza
RECORD DATE: December 31, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: January 25, 1999
> FACTOR INFORMATION(800) 735-7777
Page 1 of 5
> (c) COPYRIGHT 1999 Bankers Trust Company
United PanAm Mortgage Loan
Asset Backed Certificates
Series 1997-1
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
MT1 112,700,000.00 91,797,266.22 720,789.27 4,591,839.81 5,
>312,629.08 54,276.32 0.00 87,151,150.09
MT2 1,150,000.00 747,355.96 5,868.22 79,600.10
> 85,468.32 0.00 0.00 667,755.85
MT3 1,150,000.00 1,126,057.64 8,841.77 46,855.51
> 55,697.28 1,107.68 32,744.59 1,110,839.05
MT4 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
R3 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 115,000,000.00 93,670,679.82 735,499.26 4,718,295.42 5,
>453,794.68 55,384.00 32,744.59 88,929,744.99
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
MT1 814.527651 6.395646 40.743920
> 47.139566 773.302130 9.422362% 9.381190%
MT2 649.874746 5.102800 69.217482
> 74.320282 580.657264 9.422362% 9.381190%
MT3 979.180558 7.688496 40.743922
> 48.432417 965.946997 9.422362% 9.381190%
MT4 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% 0.000000%
R3 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% 0.000000%
SELLER: United PanAm Mortgage Corporation ADMI
>NISTRATOR: Andrea Davidson
SERVICER: Pan American Bank, FSB.
> Bankers Trust Company
LEAD UNDERWRITER: Lehman ASB Corporation
> 3 Park Plaza
RECORD DATE: December 31, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: January 25, 1999
> FACTOR INFORMATION(800) 735-7777
Page 2 of 5
> (c) COPYRIGHT 1999 Bankers Trust Company
United PanAm Mortgage Loan
Asset Backed Certificates
Series 1997-1
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
A 114,425,000.00 89,810,920.13 412,438.29 5,008,611.80 5,
>421,050.09 0.00 0.00 84,802,308.33
X 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
R1 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 114,425,000.00 89,810,920.13 412,438.29 5,008,611.80 5,
>421,050.09 0.00 0.00 84,802,308.33
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
A 525170BA3 784.888968 3.659612 44.441986
> 48.101598 741.116962 5.904380% 5.219690%
X 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% 0.000000%
R1 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% 0.000000%
SELLER: United PanAm Mortgage Corporation ADMI
>NISTRATOR: Andrea Davidson
SERVICER: Pan American Bank, FSB.
> Bankers Trust Company
LEAD UNDERWRITER: Lehman ASB Corporation
> 3 Park Plaza
RECORD DATE: December 31, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: January 25, 1999
> FACTOR INFORMATION(800) 735-7777
Page 3 of 5
> (c) COPYRIGHT 1999 Bankers Trust Company
United PanAm Mortgage Loan
Asset Backed Certificates
Series 1997-1
Statement To Certificateholders
Distribution Date: January 25, 1999
SERVICING FEES PAID FOR THE CURRENT PERIOD:
> 30,705.61
DELINQUENT SERVICING FEES FOR THE CURRENT PERIOD:
> 8,323.84
NET ACCRUED SERVICING FEE FOR THE CURRENT PERIOD:
> 39,029.45
CURRENT PERIODS MONTHLY SERVICER ADVANCED PRINCIPAL
> 9,188.59
CURRENT PERIODS MONTHLY SERVICER ADVANCED INTEREST
> 166,840.33
DELINQUENT
LOAN 30-59
>60-89. 91 +
INFORMATION: DAYS
> DAYS DAYS TOTAL
PRINCIPAL BALANCE 2,154,625.08
>257,596.16 185,746.48 2,597,967.72
NUMBER OF LOANS 18
> 2 3 23
FORECLOSURE LOAN INFORMATION:
PRINCIPAL BALANCE 192,260.19 1,
>233,883.43 5,621,076.09 7,047,219.71
NUMBER OF LOANS 2
> 11 62 75
BANKRUPTCY LOAN INFORMATION:
PRINCIPAL BALANCE 109,902.07
>134,228.03 1,666,322.59 1,910,452.69
NUMBER OF LOANS 1
> 1 13 15
REO LOAN INFORMATION:
PRINCIPAL BALANCE 0.00
> 0.00 2,775,468.58 2,775,468.58
NUMBER OF LOANS 0
> 0 20 20
BOOK VALUE OF REO PROPERTIES
> 0.00
GUARANTEED DISTRIBUTION AMOUNT:
> 412,438.29
GUARANTEED DISTRIBUTION OF PRINCIPAL:
> 0.00
GUARANTEED DISTRIBUTION OF INTEREST:
> 412,438.29
INSURANCE PAYMENTS MADE TO CLASS A:
> 0.00
CERTIFICATE INSURER REIMBURSEMENTS:
> 0.00
CUMULATIVE INSURANCE PAYMENTS TO CLASS A:
> 0.00
ENDING AGGREGATE MORTGAGE LOAN COUNT:
> 771.00
ENDING AGGREGATE PRINCIPAL MORTGAGE LOAN BALANCE:
> 88,929,744.99
WEIGHTED AVERAGE MONTHS TO MATURITY:
> 346.00
WEIGHTED AVERAGE MORTGAGE RATE:
> 10.1627%
PRINCIPAL PREPAYMENTS FOR CURRENT PERIOD:
> 4,393,192.13
CLASS A INTEREST DISTRIBUTION AMOUNT:
> 412,438.29
CLASS A INTEREST PAID UNDER CERTIFICATE POLICY
> 0.00
AGGREGATE NON COVERED PREPAYMENT INTEREST SHORTFALL:
> 0.00
AGGREGATE RELIEF ACT INTEREST SHORTFALL :
> 0.00
Page 4 of 5
> (c) COPYRIGHT 1999 Bankers Trust Company
United PanAm Mortgage Loan
Asset Backed Certificates
Series 1997-1
Statement To Certificateholders
Distribution Date: January 25, 1999
CURRENT PERIODS BASIS RISK SHORTFALL AMOUNT:
> 0.00
ENDING UNPAID BASIS RISK SHORTFALLS:
> 0.00
EXTRAORDINARY TRUST FUND EXPENSES WITHDRAWN FROM COLLECTION ACCOUNT:
> 0.00
REQUIRED SUBORDINATED AMOUNT:
> 4,600,000.00
SUBORDINATED INCREASE AMOUNT:
> 267,676.97
SUBORDINATED REDUCTION AMOUNT:
> 0.00
CURRENT PERIODS AGGREGATE AMOUNT OF REALIZED LOSSES :
> 55,384.00
CURRENT PERIODS EXTRAORDINARY LOSSES :
> 0.00
CURRENT PERIODS FRAUD LOSSES :
> 0.00
CURRENT PERIODS SPECIAL HAZARD LOSSES :
> 0.00
CURRENT PERIODS BANKRUPTCY LOSSES:
> 0.00
BANKRUPTCY AMOUNT
> 100,000.00
FRAUD LOSS AMOUNT
> 3,450,000.00
SPECIAL HAZARD AMOUNT
> 1,144,250.00
DETAIL OF LOANS THAT BECAME REO DURING COLLECTION PERIOD
Unpaid
> Stated Principal Date Property
Loan Number Principal Balance
> Principal Balance Became REO
Page 5 of 5
> (c) COPYRIGHT 1999 Bankers Trust Company
