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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): July 1, 1998
Commission file number:
Prudential Securities Structured Assets, Inc. and Receipts on Corporate
Securities Trust,
Series FDX 1997-1, Co-Registrants
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(Exact name of Registrant as specified in its charter)
Delaware 31-0944462
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(State or other jurisdiction (I.R.S. Employer Identification No.)
of incorporation or organization)
One New York Plaza, 14th Floor, New York, NY 10292-2014
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 809-6631
N/A
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Former name, former address and former fiscal year, if changed since last
report.
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Item 5. Other Events
On July 1, 1998 a cash distribution was made on the Receipts on Corporate
Securities Trust, Series FDX 1997-1, Amortizing Class. See attached Trustee's
Distribution Statement (filed as Exhibit 20).
Item 7. Financial Statements, Pro-Forma Financial Information and Exhibits.
(a) Not Applicable.
(b) Not Applicable.
(c) Exhibits.
20 The Trustee's Distribution Statement with respect to
Item 5. is attached.
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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 hereunto duly authorized.
Prudential Securities Structured Assets, Inc.
By: /s/ Christopher Perry Date: July 15, 1998
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Christopher Perry
President
Receipts on Corporate Securities Trust, Series FDX 1997-1
By: Prudential Securities Structured
Assets, Inc. Date: July 15, 1998
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By: /s/ Christopher Perry Date: July 15, 1998
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Christopher Perry
President
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TRUSTEE'S DISTRIBUTION STATEMENT
THE TO THE HOLDERS OF:
BANK OF The Bank of New York, as Trustee under the
NEW PRUDENTIAL ROCS SERIES-1997 FDX-1
YORK CUSIP NO.755-920-AA3R
in accordance with the Standard Terms and Conditions of Trust, The
Bank of New York, as Trustee, submits the following cash basis
statement for the calendar month ending January 31, 1998.
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<CAPTION>
INTEREST ACCOUNT
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<S> <C>
Balance as of December 31, 1997................................. $ 0.00
Schedule Income received on securities....................... $ 1,976,000.00
Unscheduled Income received on securities ................... $ 0.00
Schedule Interest received from Swap Counterparty............ $ 0.00
Unscheduled Interest received from Swap Counterparty......... $ 0.00
Security Sold received from Swap Counterparty................ $ 0.00
LESS:
Distribution to Beneficial Holders........... -$ 1,976,000.00
Distribution to Swap Counterparty............ $ 0.00
Trustee Fees................................. $ 0.00
Interest paid to Swap Counterparty Sec Sold.. $ 0.00
Balance as of January 31, 1998.................................. $ 0.00
PRINCIPAL ACCOUNT
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Balance as of December 31, 1997................................. $ 0.00
Scheduled Principal payment received on securities........... $ 0.00
Proceeds received on Sale of Sec from Swap Counterparty...... $ 0.00
LESS:
Distribution to Beneficial Holders........... $ 0.00
Proceeds Paid to Swap Counterparty........... $ 0.00
Balance as of January 31, 1998.................................. $ 0.00
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UNDERLYING SECURITIES HELD AS OF JANUARY 31,1998
Principal Title of Security
Amount -----------------
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52,000,000 FEDERAL EXPRESS CORP
CUSIP:313309AP1
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