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: June 25, 1998
ADVANTA Revolving Home Equity Loan Trust 1997-A
New York 333-37107 "Pending"
c/o ADVANTA Mortgage Corp., USA
Attn: William P. Garland
16875 West Bernardo Drive
San Diego, Ca 92127
(619) 674-1800
Item 5. Other Events
Information relating to the distributions to Certificate holders
for the May, 1998 Monthly Period of the Trust in respect of
the Home Equity Loan Pass-Through Certificates, Series 1997-A
Class A (the "Certificates") issued by the Registrant and the
performance of the Trust (including distributions of principal
and interest, delinquent balances of Home Equity Loans,
and the Subordinated amount remaining), together with certain other
information relating to the certificates, is contained in the
Monthly Report for the Monthly Period provided to certificateholders
pursuant to the Pooling and Servicing Agreement (the "Agreement")
dated as of November 1, 1997 between ADVANTA Mortgage Corp.,
USA as Servicer, and Bankers Trust Company, as Trustee.
Item 7. Financial Statements, Exhibits
Exhibit No. Exhibit
1. Monthly Report for the May, 1998 Monthly
Period relating to the Revolving Home Equity
Loan Pass-Through Certificates Series 1997-A,
Class A issued by the ADVANTA Revolving
Home Equity Loan Trust 1997-A.
EXHIBIT INDEX
Exhibit
1. Monthly Report for the May, 1998 Monthly
Period relating to the Revolving Home Equity Loan
Loan Pass-Through Certificates, Series 1997-A,
Class A issued by the ADVANTA Revolving
Home Equity Loan Trust 1997-A.
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 thereunto duly authorized.
ADVANTA Revolving Home Equity Loan Trust 1997-A
BY: ADVANTA Mortgage Corp., USA
BY: /s/ William P. Garland
William P. Garland
Senior Vice President
Loan Service Administration
June 30, 1998
<TABLE>
EXHIBIT 1
ADVANTA Revolving Home Equity Loan Trust 1997-A
Statement to Certificateholders
<CAPTION>
Original Prior
Face Principal
Class Value Balance Interest Principal Total
<S> <C> <C> <C> <C> <C>
A-1 100,000,000. 91,577,112 446,3 2,176,674 2,622,994.26
Totals 100,000,000. 91,577,112 446,3 2,176,674 2,622,994.26
</TABLE>
<TABLE>
<CAPTION>
Current Pass-Through
Realized Deferred Principal Rates
Class Losses Interest Balance Current Next
<S> <C> <C> <C> <C> <C>
A-1 89,400,437 5.848440% 5.856250%
Totals 89,400,437.39
</TABLE>
<TABLE>
<CAPTION>
Prior Current
Principal Principal
Class CUSIP Balance Interest Principal Total Balance
<S> <C> <C> <C> <C> <C> <C>
A-1 00757CAB4 915.771123 4.463194 21.766749 26.2 894.004374
</TABLE>
<TABLE>
Delinquent Loan Information:
<CAPTION>
90+ Days Loans Loans
30-59 60-89 excldg f/c,REO in in
Days Days & Bkrptcy REO Foreclosure
<S> <C> <C> <C> <C> <C>
Group 1 Principal Balanc 1,202,97 318,9 819,96
% of Pool Balanc 1.30830% 0.34680% 0.89170% 0.00000% 0.00000%
Number of Loans 40 11 21 0 0
Loans in Bankrup Group 1 -
<S> <C> <C> <C>
Servicing Fee Due and Payable for Period: 39,2
Insurance Premiums Due for Period: 11,4
Indenture Trustee Fee Due for Period: 1,1
Owner Trustee Fee Due for Period:
Net Funds Cap Carry-Forward Amount:
Unpaid Class A Note Interest Shortfall Amount:
The Amount of Insured Payment Made this Period:
Total Substitution Amount
Total Loan Purchase Price Amount
Book Value or REO Properties:
The Step-Down Amount
The Originator Interest Amount 2,551,020
The Non-Subordinated Originator's Interest Amount
Accelerated Principal Payment
Overcollateralization Deficit
Beginning Pool Balance 94,128,132.
Ending Pool Balance 91,951,457.
<CAPTION>
<S> <S> <C> <C> <C>
Pre-Funding Account:
Beginning Account Balance
Withdrawals relating to Subsequent Loans
Withdrawals relating to Pre-funding Period Termi
Ending Account Balance
Interest Earnings Deposited to Certificate Accou
Capitalized Interest Account
Beginning Account Balance
Deposit of Interest Earnings
Additional Deposit from Depositor
Withdrawal of Capitalized Interest Requirement
Ending Account Balance
</TABLE>
