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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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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): June 2, 1999
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FIRST SECURITY AUTO OWNER TRUST 1999-2
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(Exact name of registrant as specified in its charter)
United States of America 333-70003 87-6244072
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(State or other Jurisdiction (Commission File (I.R.S. Employer
of Incorporation) Number) Identification No.)
79 South Main Street
Salt Lake City, Utah 84111
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(Address of principal executive offices)
Registrant's telephone number, including area code: 801-246-5976
Page 1 of 4
Exhibit Index appears on Page 4
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Item 5. Other Events
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On June 2, 1999, the registrant issued $199,000,000.00 aggregate
principal amount of Class A-1 5.015% Asset Backed Notes, $232,000,000.00
aggregate principal amount of Class A-2 5.492% Asset Backed Notes,
$276,000,000.00 aggregate principal amount of Class A-3 6.00% Asset Backed
Notes, $273,733,000.00 aggregate principal amount of Class A-4 6.20% Asset
Backed Notes and $51,618,000.00 aggregate principal amount of Class B 6.20%
Asset Backed Notes of First Security Auto Owner Trust 1991-2 pursuant to an
Indenture between the Registrant and The Chase Manhattan Bank, as Indenture
Trustee. The T-1 Statement of Eligibility of The Chase Manhattan Bank is
attached hereto as Exhibit 99.
Exhibit 99 The following is filed as an Exhibit to this Report under Exhibit
99.
T-1 Statement of Eligibility of The Chase Manhattan Bank.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
FIRST SECURITY AUTO OWNER
TRUST 1999-2
(Registrant)
Dated: June 2, 1999 By: First Security Bank, N.A., as
Administrator
By: /s/ Brad D. Hardy
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Name: Brad D. Hardy
Title: Authorized Officer
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INDEX TO EXHIBITS
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<TABLE>
<CAPTION>
Sequentially
Exhibit Number Exhibit Numbered Page
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<S> <C> <C>
99 T-1 Statement of Eligibility of The Chase 5
Manhattan Bank
</TABLE>
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EXHIBIT 99
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
_________________________
FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF
A CORPORATION DESIGNATED TO ACT AS TRUSTEE
___________________________________________
CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF
A TRUSTEE PURSUANT TO SECTION 305(b)(2) ________
________________________________________
THE CHASE MANHATTAN BANK
(Exact name of trustee as specified in its charter)
New York 13-4994650
(State of incorporation (I.R.S. employer
if not a national bank) identification No.)
270 Park Avenue
New York, New York 10017
(Address of principal executive offices) (Zip Code)
William H. McDavid
General Counsel
270 Park Avenue
New York, New York 10017
Tel: (212) 270-2611
(Name, address and telephone number of agent for service)
_____________________________________________
First Security Capital Markets Automobile Owner Trust 1999-2
(Exact name of obligor as specified in its charter)
Delaware Applied For
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification No.)
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c/o Wilmington Trust Company
Rodney Square North
1100 North Market Street
Wilmington, DE 19890-0001
(Address of principal executive offices) (Zip Code)
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Asset Backed Notes
(Title of the indenture securities)
GENERAL
Item 1. General Information.
Furnish the following information as to the trustee:
(a) Name and address of each examining or supervising authority to which it
is subject.
New York State Banking Department, State House, Albany, New York 12110.
Board of Governors of the Federal Reserve System, Washington, D.C.,
20551
Federal Reserve Bank of New York, District No. 2, 33 Liberty Street,
New York, N.Y.
Federal Deposit Insurance Corporation, Washington, D.C., 20429.
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
Item 2. Affiliations with the Obligor.
If the obligor is an affiliate of the trustee, describe each such
affiliation.
None.
Item 16. List of Exhibits
List below all exhibits filed as a part of this Statement of Eligibility.
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1. A copy of the Articles of Association of the Trustee as now in effect,
including the Organization Certificate and the Certificates of Amendment dated
February 17, 1969, August 31, 1977, December 31, 1980, September 9, 1982,
February 28, 1985, December 2, 1991 and July 10, 1996 (see Exhibit 1 to Form T-1
filed in connection with Registration Statement No. 333-06249, which is
incorporated by reference).
2. A copy of the Certificate of Authority of the Trustee to Commence
Business (see Exhibit 2 to Form T-1 filed in connection with Registration
Statement No. 33-50010, which is incorporated by reference. On July 14, 1996, in
connection with the merger of Chemical Bank and The Chase Manhattan Bank
(National Association), Chemical Bank, the surviving corporation, was renamed
The Chase Manhattan Bank).
3. None, authorization to exercise corporate trust powers being contained
in the documents identified above as Exhibits 1 and 2.
4. A copy of the existing By-Laws of the Trustee (see Exhibit 4 to Form
T-1 filed in connection with Registration Statement No. 333-06249, which is
incorporated by reference).
5. Not applicable.
6. The consent of the Trustee required by Section 321(b) of the Act (see
Exhibit 6 to Form T-1 filed in connection with Registration Statement No. 33-
50010, which is incorporated by reference. On July 14, 1996, in connection with
the merger of Chemical Bank and The Chase Manhattan Bank (National Association),
Chemical Bank, the surviving corporation, was renamed The Chase Manhattan Bank).
7. A copy of the latest report of condition of the Trustee, published
pursuant to law or the requirements of its supervising or examining authority.
8. Not applicable.
9. Not applicable.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939 the
Trustee, The Chase Manhattan Bank, a corporation organized and existing under
the laws of the State of New York, has duly caused this statement of eligibility
to be signed on its behalf by the undersigned, thereunto duly authorized, all in
the City of New York and State of New York, on the 20th day of May 1999.
THE CHASE MANHATTAN BANK
By /s/ Jennifer Richardson
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Jennifer Richardson
Assistant Vice President
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