RECEIPTS ON CORPORATE SECURITIES TRUST SERIES FDX 1997 1
15-15D, 1999-02-01
ASSET-BACKED SECURITIES
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<PAGE>
 
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
 
                                    FORM 15

Certification and Notice of Termination of Registration under Section 12(g) of
the Securities Exchange Act of 1934 or Suspension of Duty to File Reports Under
Sections 13 and 15(d) of the Securities Exchange Act of 1934.

Commission File Number 333-38745

           RECEIPTS ON CORPORATE SECURITIES TRUST, SERIES FDX 1997-1
- -------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

One New York Plaza, 14th Floor, New York, New York 10292-2014    (212) 809-6631
- -------------------------------------------------------------------------------
(Address, including zip code, and telephone number, including area code, of
                 registrant's principal executive offices)

                 Receipts of Corporate Securities, Series FDX 1997-1, 
                               Amortizing Class Certificate
- -------------------------------------------------------------------------------
                (Title of each class of securities covered by this Form)

                                       N/A
- -------------------------------------------------------------------------------
   (Titles of all other classes of securities for which a duty to file reports
                  under section 13(a) or 15(d) remains)

     Please place an X in the box(es) to designate the appropriate rule
provisions(s) relied upon to terminate or suspend the duty to file reports:

             Rule 12g-4(a)(1)(i) [ ]                  Rule 12h-3(b)(1)(ii) [ ]
            Rule 12g-4(a)(1)(ii) [ ]                   Rule 12h-3(b)(2)(i) [ ]
             Rule 12g-4(a)(2)(i) [ ]                  Rule 12h-3(b)(2)(ii) [ ]
            Rule 12g-4(a)(2)(ii) [ ]                      Rule 15d-6       [X]
             Rule 12h-3(b)(1)(i) [X]

  Approximate number of holders of record as of the certification or notice
date:

   Amortizing Class:   10
                      -----
   Residual Class:      1
                      -----

  Pursuant to the requirements of the Securities Exchange Act of 1934, 
Receipts on Corporate Securities Trust, Series FDX 1997-1 has caused 
this certification/notice to be signed on its behalf by the undersigned 
duly authorized person.

RECEIPTS ON CORPORATE SECURITIES TRUST, SERIES FDX 1997-1

By: PRUDENTIAL SECURITIES STRUCTURED ASSETS, INC.

DATE: January 29, 1999             By: /s/ Jeffrey J. Theodorou
      ----------------                 -----------------------------
                                       Jeffrey J. Theodorou,
                                       President


PRUDENTIAL SECURITIES STRUCTURED ASSETS, INC.

DATE: January 29, 1999             By: /s/ Jeffrey J. Theodorou
      ----------------                 -----------------------------
                                       Jeffrey J. Theodorou,
                                       President


Instruction: This form is required by Rules 12g-4, 12h-3 and 15d-6 of the
General Rules and Regulations under the Securities Exchange Act of 1934. The
registrant shall file with the commission three copies of Form 15, one of which
shall be manually signed. It may be signed by an officer of the registrant, by
counsel or by any other duly authorized person. The name and title of the person
signing the form shall be typed or printed under the signature.


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