DELTA FUNDING HOME EQUITY LOAN TRUST 2000-1
8-K, 2000-10-23
ASSET-BACKED SECURITIES
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                                  UNITED STATES
                       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):  October 16, 2000


                            DELTA FUNDING CORPORATION
            Home Equity Loan Asset-Backed Certs., Series 2000-1 Trust
              (Exact name of registrant as specified in its charter)



New York (governing law of           333-96001-01
Pooling and Servicing Agreement)     (Commission        Pending
(State or other                      File Number)       IRS EIN
jurisdiction
of Incorporation)



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


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


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



ITEM 5.  Other Events

 On October 16, 2000 a distribution was made to holders of DELTA FUNDING
 CORPORATION, Home Equity Loan Asset-Backed Certs., Series 2000-1 Trust.


ITEM 7.  Financial Statements and Exhibits

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


           Exhibit Number                        Description

           EX-99.1                               Monthly report distributed to
                                                 holders of Home Equity Loan
                                                 Asset-Backed Certs., Series
                                                 2000-1 Trust, relating to the
                                                 October 16, 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.



                             DELTA FUNDING CORPORATION
             Home Equity Loan Asset-Backed Certs., Series 2000-1 Trust

              By:   Wells Fargo Bank MN, N.A., as Trustee
              By:   /s/  Sherri Sharps, Vice President
              By:   Sherri Sharps, Vice President
              Date: 10/17/00


                                INDEX TO EXHIBITS

Exhibit Number               Description

EX-99.1                    Monthly report distributed to holders of Home Equity
                           Loan Asset-Backed Certs., Series 2000-1 Trust,
                           relating to the October 16, 2000 distribution.





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