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): July 20, 1999
BANC ONE HELOC TRUST 1999-1
(Exact name of registrant as specified in its charter)
United States 333-59845-01 36-7282500
(State or Other (Commission File (I.R.S Employer
Jurisdiction of Number) Identification
Incorporation Number)
c/o Bank One, National Association
Corporate Trust Services Division - 1 N. State Street,
9th Floor
Chicago IL
(Address of Principal Executive Offices)
60670
(Zip Code)
Registrant's telephone number, including area code: 312-336-9730
Item 5. Other Events
On behalf of Banc One HELOC Trust 1999-1, a Trust created pursuant to the
Pooling Agreement, dated May 31, 1999, the Paying Agent has caused to
be filed with the Commission, the Monthly Report dated July 20, 1999.
The Monthly Report is filed pursuant to and in accordance with (1) numerous
no-action letters (2) current Commission policy in the area. The filing of the
Monthly Report will occur subsequent to each monthly distribution to the
holders of the Trust's Investor Certificates.
A. Monthly Report Information: Aggregate distribution information
for the current distribution date July 20, 1999.
Principal Interest Ending Balance
Cede & Co. $5,293,783.66 $1,987,968.75 $ 494,706,216.34
B. No delinquency in payment under the Transferor Certificate, or
the MBIA Insurance Policy has occurred.
C. Have any deficiencies occurred? NO. Date: Amount:
D. Were any amounts paid or are any amounts payable under the
MBIA Insurance Policy? NO Amount:
E. Are there any developments with respect to the MBIA Insurance
Policy? NONE.
F. Item 1: Legal Proceedings: NONE
G. Item 2: Changes in Securities: NONE
H. Item 4: Submission of Matters to a Vote of Security Holders: NONE
I. Item 5: Other Information - Items 1, 2, 4, 5 if applicable: NOT
APPLICABLE
Item 7. Monthly Statements and Exhibits
Exhibit No. 1. Monthly Statement to Certificateholders dated July 20, 1999
Statement to Certificateholders (Page 1 of 2)
Distribution Date: 7/20/99
INVESTOR CERTIFICATES DISTRIBUTION SUMMARY
(PER $1000 ORIGINAL PRINCIPAL AMOUNT)
A. INTEREST & PRINCIPAL DISTRIBUTIONS TO INVESTORS
Investor Certificate Interest Distributed 3.975938
Investor Certificate Interest Shortfall Distributed 0.000000
Remaining Unpaid Investor Certificate Interest Shortfall 0.000000
Managed Amortization Period ? (Yes=1; No=0) 1
Investors Certificate Principal Distributed 10.587567
Principal Distribution Amount 9.670050
Maximum Principal Payment 42.458000
Alternative Principal Payment 9.670050
Principal Collections less Additional Balances 9.670050
Investor Loss Amount Distributed to Investors 0.000000
Accelerated Principal Distribution Amount 0.917517
Credit Enhancement Draw Amount 0.00
Total Amount Distributed to Certificateholders (P & I) 14.563505
B. INVESTOR CERTIFICATE PRINCIPAL BALANCE
Beginning Investor Certificate Balance "500,000,000.00 "
Ending Investor Certificate Balance "494,706,216.34 "
Beginning Invested Amount "500,000,000.00 "
Ending Invested Amount "495,164,975.00 "
Investor Certificateholder Floating Allocation Percentage 97.9998%
Pool Factor 0.9894124
Liquidation Loss Amount for Liquidated Loans 0.00
Unreimbursed Liquidation Loss Amount 0.00
C. POOL INFORMATION
Beginning Pool Balance "510,205,197.95 "
Ending Pool Balance "505,370,172.95 "
Servicing Fee "56,689.47 "
D. INVESTOR CERTIFICATE RATE
Investor Certificate Rate 5.301250%
LIBOR Rate 5.041250%
Maximum Rate 8.242153%
E. DELINQUENCY & REO STATUS
Delinquent 30-59 days
No. of Accounts 51
Trust Balances "1,004,774.00 "
Delinquent 60-89 days
No. of Accounts 0
Trust Balances 0.00
Delinquent 90+ days
No. of Accounts 0
Trust Balances 0.00
Delinquent 9+ Months
No. of Accounts 0
Trust Balances 0.00
REO
No. of Accounts 0
Trust Balances 0.00
Statement to Certificateholders (Page 2 of 2)
Distribution Date: 7/20/99
"IN WITNESS WHEREOF, the undersigned has caused"
this Certificate to be duly executed and certifies to the
best of her knowledge and belief that information
"is true and correct this 15th day of July, 1999"
" Bank One, NA"
as Servicer
_/s/Tracie Klein______________
Tracie Klein
Vice President
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 thereunto duly authorized.
BANC ONE HELOC TRUST 1999-1
By __/s/Keith Richardson__________________
Name: Keith Richardson
Dated September 12, 2000
