DELTA FUNDING HOME EQUITY LOAN TRUST 2000-1
8-K, 2000-08-29
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):  August 15, 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 August 15, 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
                                  August 15, 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 Minnesota, N.A., as Trustee
              By:   /s/ Sherri Sharps, Vice President
              By:   Sherri Sharps, Vice President
              Date: 08/25/2000





                                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
                August 15, 2000 distribution.





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