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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 15, 1999
Commission file number: 333-60173
Receipts on Corporate Securities Trust,
Series BLS 1998-1
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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 1. Changes in Control of Registrant.
Not Applicable.
Item 2. Acquisition or Disposition of Assets.
Not Applicable.
Item 3. Bankruptcy or Receivership
Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant.
Not Applicable.
Item 5. Other Events
On July 15, 1999 a cash distribution was made on the Receipts on Corporate
Securities Trust, Series BLS 1998-1, Amortizing Class. See attached Trustee's
Distribution Statement (filed as Exhibit 20).
Item 6. Selected Financial Data.
Not Applicable.
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.
Item 7a. Quantitative and Qualitative Disclosures About Market Risk.
Not Applicable.
Item 8. Financial Statements and Supplementary Data.
Not Applicable.
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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/ Lawrence Motz Date: July 28, 1999
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Lawrence Motz
Vice President
Receipts on Corporate Securities Trust, Series BLS 1998-1
By: Prudential Securities Structured
Assets, Inc. Date: July 28, 1999
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By: /s/ Lawrence Motz Date: July 28, 1999
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Lawrence Motz
Vice President
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Trustee's Distribution Statement
THE TO THE HOLDERS OF:
BANK OF Prudential Securities Structured Assets, Inc.
NEW Receipts on Corporate Securities, Series BLS 1998-1
YORK
In accordance with Article IV, Section 4.2 of the Base Trust Agreement
dated as of August 28, 1997, The Bank of New York, as Trustee, submits
the following cash basis statement for the period ending July 15, 1999.
With regard to the July 15, 1999 Distribution Date:
The amount of principal distribution is $668,881.20 and interest is
$1,502,718.80.
The aggregate stated principal amount of the Term Assets are
$61,000,000.00 at 7.12%.
The aggregate Certificate Principal Balance is $47,074,368.95.
Underlying Securities held as of July 15, 1999.
Principal Amount Title of Security
$61,000,000.00 BELLSOUTH CAPITAL FUNDING
CORPORATION ("BCFC")
$61,000,000 Aggregate Principal Amount of One
Hundred Year 7.12% Debentures Due July 15, 2097
THE BANK OF NEW YORK,
as Trustee
