<PAGE>
UNITED STATES
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 December 14, 1998
Commission File Number 333-35847-02
FIRST SECURITY AUTO GRANTOR TRUST 1998-A
(Exact name of registrant as specified in its charter)
State of incorporation Utah
I.R.S. Employer Identification No. 87-6238935
Address of principal executive offices 79 South Main, P.O. Box 30006
Salt Lake City, Utah
Zip Code 84130-0006
Registrant's telephone number, including area code (801) 246-5891
Item 7. Financial Statements and Exhibits
Pursuant to its agreement with certificate holders, this report is filed to
report data relating to this trust as contained in the monthly servicing report
sent to certificate holders by the trustee. Attached as Exhibit A is a copy of
the monthly servicing report for the period Oct. 24, 1998 through Nov. 23, 1998.
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.
FIRST SECURITY AUTO GRANTOR TRUST 1998-A
(Registrant)
By: FIRST SECURITY BANK, N.A.
(Seller and Servicer)
/s/ Brad D. Hardy December 14, 1998
__________________________________________________________ __________________
Brad D. Hardy (Date)
Authorized Officer
<PAGE>
<TABLE>
EXHIBIT A
<CAPTION>
First Security Auto Grantor Trust 1998-A
Monthly Statement to Certificateholders
Servicers: First Security Bank, N.A.
October 24, 1998 Thru November 23, 1998
Distribution Date: 12-14-98
Statement for Class A and Class B Certificateholders Pursuant Per $1,000 of Original
to Section 4.7 of the Pooling and Servicing Agreement Class A/Class B
Certificate Amount
<S> <C> <C>
(i) Principal Distribution
Class A Amount 15,066,006.70 31.5109
Class B Amount 709,941.25 31.5109
(ii) Interest Distribution
Class A Amount 1,755,340.46 3.6713
Class B Amount 84,793.53 3.7636
(iii) Yield Supplement Amount 0.00 0.0000
(iv) Basic Servicing Fee 307,882.03 0.6150
(v) Class A Certificate Balance (end of Collection Period) 337,766,246.73
Class A Pool Factor (end of Collection Period) 0.7064465
Class B Certificate Balance (end of Collection Period) 15,916,240.75
Class B Pool Factor (end of Collection Period) 0.7064465
(vi) Total Pool Balance (end of Collection Period) 353,682,487.48
(vii) Realized Losses 314,738.16
(viii) (x) Excess of Class A Certificate Balance over Pool Balance 0.00
(y) Excess of Class B Certificate Balance over amount by which Pool Balance exceeds 0.00
Class A Certificate Balance
(ix) Reserve Account Balance after Giving Effect to Payments 15,915,711.94
Made on Distribution Date
(x) Aggregate Purchase Amount of Receivables Repurchased by the Sellers
or purchased by Servicers 26,216.82
</TABLE>
