SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
and Exchange Act of 1934
Date of Report: 11/26/1999
(Date of earliest event reported)
Fund America Investors Corporation II
Pass-Through Certificates, Series 1998-A
(Exact name of registrant as specified in governing instruments)
DE
(State or other Jurisdiction of Incorporation)
c/o State Street Bank and Trust Company
Corporate Trust Department
Two International Place, 5th Floor
Boston, MA 02110
(Address of Principal Executive Offices) (Zip Code)
(303)-290-2065
(Registrant's telephone number, including area code)
Commission File Number 033-73748
04-6866293(I.R.S. Employer Identification No.)
Not Applicable
(Former name, former address and former fiscal year if changed
since last report)
<PAGE>
Fund America Investors Corporation II
Pass-Through Certificates, Series 1998-A
FORM 8-K
INDEX
ITEM DESCRIPTION PAGE NUMBER
Item 5. Other Event 3
Item 7. Financial Statements and
Exhibits 3
Signatures 3
Exhibit A Trustee's Report to
Bondholders 4
<PAGE>
Fund America Investors Corporation II
Pass-Through Certificates, Series 1998-A
FORM 8-K
ITEMS AND SIGNATURES
ITEMS
Item 5. Other Events
See Exhibit A, the Trustee's Report to Bondholders attached hereto.
Item 7. Financial Statements and Exhibits
See Exhibit A, the Trustee's Report to Bondholders attached hereto.
SIGNATURES
Pursuant to the requirement of the Securities Exchange
Act of 1934, the registrar has duly caused this report to
be signed on its behalf by the
undersigned hereunto duly authorized.
Fund America Investors Corporation II
Pass-Through Certificates, Series 1998-A
(Registrant)
Date: 11/26/1999
By:
Name Vaneta Bernard
Title: Assistant Vice President
State Street Bank and Trust Company
as Trustee
Fund America Investors Corporation II
Pass-Through Certificates, Series 1998-A
Report to Certificateholders for Payment Date: November 26, 1999
Payment Summary
<TABLE>
Payment Summary
Pass-Thr Interest Original Beginning Distrib Distrib Total Ending
Class CUSIP Rate Type Balance Balance Cert Prin Cert Int Payable Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1A 36076RCG6 N/A Variable 23,500,002.45 0.00 0.00 0.00 0.00 0.00
2A 36076RCH4 0.096894 Variable 36,873,851.76 12,259,460.96 154,292.27 98,988.96 253,281.23 12,105,168.69
Totals: 60,373,854.21 12,259,460.96 154,292.27 98,988.96 253,281.23 12,105,168.69
</TABLE>
Distributions per Certificate
Beginning Principal Interest Ending
Class Certificate Factor Distribution Distribution Certificate Factor
1A 0.000000000 0 0 0.000000000
2A 0.332470311 4.184327447 2.68452997 0.328285983
<TABLE>
Collateral Level Detail
Backing Beginning Principal Interest Losses Balance Ending
Class Pooled Certificate Balance Distribution Distrib Allocated Adj Balance
<S> <C> <C> <C> <C> <C> <C> <C>
1A Pooled Freddie Mac G063 Class A** 0.00 0.00 0.00 0.00 0.00
1A Pooled Fannie Mae 1994-6 Class F 0.00 0.00 0.00 0.00 0.00
2A Pooled Freddie Mac G063 Class A** 7,233,812.63 0.00 65,108.39 0.00 0.00 7,233,812.63
2A Pooled Fannie Mae 1994-6 Class F 8,974,696.33 138,554.47 33,880.57 0.00 0.00 8,836,141.86
2A Pooled Freddie Mac 2043 Class B (Z Certif.) 0.80 0.00 0.00 0.00 0.00 0.80
2A FAIT 1993-2 Class A-1 1,584,763.83 15,737.80 0.00 0.00 0.00 1,569,026.03
2A Treasury Security Cusip 912820AZ0 1,200,000.00 0.00 0.00 0.00 0.00 1,200,000.00
2A Treasury Security Cusip 912833BZ2 0.00 0.00 0.00 0.00 0.00 0.00
2A Treasury Security Cusip 912833CF5 500,000.00 0.00 0.00 0.00 0.00 500,000.00
Totals: 12,259,460.96 154,292.27 98,988.96 0.00 12,105,168.69
**Indicates a Notional Amount
</TABLE>
Available Distribution Amount for Class 1A -
Available Distribution Amount for Class 2A 253,281.23
Pooled Non-Agency Re-Allocation Amount:
Current Period 0.00
Aggregate 0.00
Trustee Fee 255.41
