MORGAN STANLEY CAPITAL I INC HOME EQ LN AS BK CER SER 1999-2
8-K/A, 2000-06-30
ASSET-BACKED SECURITIES
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington D. C. 20549

                                    Form 8-K/A
                                    Amendment 1

                Current Report Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934


        Date of Report (Date of earliest event reported):  March 27, 2000

                          BANC ONE FINANCIAL SERVICES
                         Home Equity Loan Trust 1999-2



New York (governing law of          333-62911-06   52-2182699
Pooling and Servicing Agreement)    (Commission    IRS EIN
(State or other                     File Number)
jurisdiction


        c/o Norwest Bank Minnesota, N.A.
        11000 Broken Land Parkway                            21044
        Columbia, Maryland                                  (Zip Code)
        (Address of principal executive offices)


       Registrant's telephone number, including area code:  (410) 884-2000


         (Former name or former address, if changed since last report)


ITEM 5.  Other Events

For the month of February  2000, the Monthly Loss Rate was  misreported  for the
Bank One Financial Serivces Home Equity Loan Trust 1999-2. The Monthly Loss Rate
as previously  reported was 0.028%.  The revised Monthly Loss Rate is 0.331%. In
addition,  there  should have been no reported  Rolling  Twelve  Month Loss Rate
rather than the reported  rate of 0.002%.  The actual  dollar amount of reported
losses for  February  was and is correct.  Cumulative  Losses  were added to the
Cumulative Loss Rate line item in Section G of the Monthly  Servicing Report. No
other information on the Monthly Servicing Report is affected by this change.

This  Amendment  No. 1 on Form  8-K/A is being  filed  soley for the  purpose of
filing a corrected Exhibit 99.01 which shall replace Exhibit 99.01 as originally
filed on April 7,2000 on a Form 8-K dated as of March 27, 2000.


  ITEM 7.  Financial Statements and Exhibits

        (c)  Exhibits furnished in accordance with Item 601(a) of
             Regulation S-K

             Exhibit Number                      Description
                                 Revised monthly report distributed to holders
             EX-99.1             of Home Equity Loan Trust 1999-2, relating to
                                 the March 27, 2000 distribution.


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.



                          BANC ONE FINANCIAL SERVICES
                         Home Equity Loan Trust 1999-2

              By:   Norwest Bank Minnesota, N.A., as Trustee
              By:   /s/ Sherri Sharps, Vice President
              By:   Sherri Sharps, Vice President
              Date: 06/28/2000


                                INDEX TO EXHIBITS

Exhibit Number                   Description

EX-99.1        Revised monthly report  distributed to holders of Home Equity
               Loan Trust 1999-2, relating to the March 27, 2000 distribution.



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