<PAGE> 1
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) April 18, 2000
Advanta Conduit Receivables, Inc., as Sponsor
on behalf of Advanta Revolving Home Equity Loan Trust 2000-A
(Exact Name of Registrant as Specified in Charter)
<TABLE>
<CAPTION>
<S> <C> <C>
Nevada 333-92669 88-0360305
(State or Other Jurisdiction of (Commission File (IRS Employer
Incorporation) Number) Identification Number)
</TABLE>
Advanta Conduit Receivables, Inc.
(Exact Name of Registrant as Specified in Charter)
<TABLE>
<CAPTION>
<S> <C> <C>
Nevada 333-92669 88-0360305
(State or Other Jurisdiction of (Commission File (IRS Employer
Incorporation) Number) Identification Number)
Attention: General Counsel
10790 Rancho Bernardo Road
San Diego, California 92127
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number,
including area code: (619) 674-1800
</TABLE>
(Former name or former address, if changed since last report)
<PAGE> 2
ITEM 5. OTHER EVENTS.
Incorporation of Certain Documents by Reference.
The consolidated financial statements of Ambac Assurance Corporation
and subsidiaries as of December 31, 1999 and December 31, 1998, and for each of
the years in the three-year period ended December 31, 1999, prepared in
accordance with generally accepted accounting principles, included in the Annual
Report on Form 10-K of Ambac Financial Group, Inc. (which was filed with the
Securities and Exchange Commission on March 30, 2000; Commission File Number
1-10777) are hereby incorporated by reference in: (i) this Current Report on
Form 8-K; (ii) the registration statement (No. 333-92669) of the registrant; and
(iii) the prospectus supplement for Advanta Revolving Home Equity Loan Trust
2000-A regarding the Advanta Revolving Home Equity Loan Asset Backed Notes,
Series 2000-A (the "Notes"), and shall deemed to be part hereof and thereof.
In connection with the issuance of the Notes, the Company is filing
herewith the consent of KPMG LLP ("KPMG") to the use of their name and the
incorporation by reference of their report in the prospectus supplement relating
to the issuance of the Notes. The consent of KPMG is attached hereto as Exhibit
23.1
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Not applicable.
(b) Not applicable
(c) Exhibits:
Exhibit No. Description
23.1 Consent of KPMG LLP
<PAGE> 3
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.
Date: April 19, 2000 ADVANTA REVOLVING HOME EQUITY
LOAN TRUST 2000-A
By: Advanta Conduit Receivables, Inc.
By: /s/ Michael Coco
----------------
Name: Michael Coco
Title: Vice President
ADVANTA CONDUIT RECEIVABLES, INC.
By: /s/ Michael Coco
----------------
Name: Michael Coco
Title: Vice President
<PAGE> 1
INDEPENDENT AUDITORS' CONSENT
The Board of Directors
Ambac Assurance Corporation:
We consent to the incorporation by reference in the registration statement (No.
333-92669) of Advanta Conduit Receivables, Inc. (the "Registrant") relating to
the Advanta Revolving Home Equity Loan Trust 2000-A and in the Prospectus
Supplement of the Registrant (the "Prospectus Supplement") via the Form 8-K of
the Registrant dated April 19, 2000 of our report dated January 21, 2000 on the
consolidated financial statements of Ambac Assurance Corporation and
subsidiaries as of December 31, 1999 and 1998, and for each of the years in the
three-year period ended December 31, 1999, which report appears in the Form 10-K
of Ambac Financial Group, Inc., which was filed with the Securities and Exchange
Commission on March 30, 2000 and to the reference to our firm under the heading
"Experts" in the Prospectus Supplement.
/s/ KPMG LLP
------------
KPMG LLP
New York, New York
April 19, 2000
