HELLER FINANCIAL COMMERCIAL MORT ASSET CORP SER 1999-PH-1
15-15D, 2000-01-13
ASSET-BACKED SECURITIES
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UNITED STATES

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      333-44299-01

Heller Financial Commercial Mortgage Asset Corp.
(Exact name of registrant as specified in its charter)

500 W Monroe Street, Chicago, Il 60661
(312) 441-7000
Address, including zip code, and telephone number, including
area code, of registrant's principal executive offices)

Commercial Mortgage Pass-Through Certificates
Series, 1999-PH1
(Title of each class of securities covered by this Form)

Not Applicable
(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/s to designate, the appropriate
rule provision(s) relied upon to terminate or suspend the
duty to file reports:

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

Approximate number of holders of record as of the certification
or notice date: 84

Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant
has caused this certification/notice to be signed on its
behalf by the undersigned duly authorized person.

LaSalle Bank National Association

By:	/s/ Russell M. Goldenberg
Name:	Russell M. Goldenberg
Title: Senior Vice President

Date: January 13, 2000




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