KEYCORP STUDENT LOAN TRUST 1999 B
8-K, 2000-09-07
ASSET-BACKED SECURITIES
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<PAGE>   1
                       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):         Aug 25, 2000
                                                       ------------------------



                        KEYCORP STUDENT LOAN TRUST 1999-B
-------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)



                Delaware                                   333-80109-01
----------------------------------------------     ----------------------------
(State or Other Jurisdiction of Incorporation)       (Commission File Number)


                                   36-4318790
                     ---------------------------------------
                      (I.R.S. Employer Identification No.)


  c/o KeyBank, USA, as Administrator, 800 Superior Avenue, Attn: Roger Kondik,
                             Cleveland, Ohio 44114
-------------------------------------------------------------------------------
                    (Address of Principal Executive Offices)


Registrant's Telephone Number, Including Area Code:   (216) 828-9367
                                                   ----------------------------





                             Exhibit Index on Page 4


                                Page 1 of 8 pages
<PAGE>   2

 Item 5.  OTHER EVENTS

On Aug 25, 2000, the KeyCorp Student Loan Trust 1999-B (the "Trust") made its
regular, quarterly distribution of funds to holders of the Trust's Floating Rate
Asset Backed Certificates and Floating Rate Asset Backed Notes and distributed
the Certificateholder's Statement and Noteholder's Statement, filed herewith as
Exhibits to this Form 8-K, to Certificateholders and Noteholders of record,
respectively.

In reliance upon certain no-action letters, including a letter dated May 9,
1997, issued by the Chief Counsel, Division of Corporate Finance of the
Securities and Exchange Commission relating to the KeyCorp Student Loan Trust
1996-A, Registration No. 333-4274, the Trust is hereby filing the
Certificateholder's Statement and Noteholder's Statement reflecting the Trust's
activities for the period ending July 31, 2000, including a statistical summary
of the delinquency and default characteristics of the Trust's student loan
portfolio as of such date.

Item 7.     EXHIBITS

Exhibit 99(a) -      Certificateholder's Statement

Exhibit 99(b) -      Noteholder's Statement











                                Page 2 of 8 pages



<PAGE>   3


                                    SIGNATURE

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.

Date:  Aug 25, 2000




                                  KeyCorp Student Loan Trust 1999-B,


                                  By:   Bank One, National Association, not in
                                        its individual capacity but solely as
                                        Eligible Lender Trustee on behalf of the
                                        Trust



                                  By:              /S/ JEFFREY L. KINNEY
                                        ---------------------------------------
                                                   Jeffrey L. Kinney
                                                   Vice President

























                                Page 3 of 8 pages
<PAGE>   4

                                  EXHIBIT INDEX

Exhibit

99(a)    Certificateholder's Statement                   5

99(b)    Noteholder's Statement                          7
























                                Page 4 of 8 pages


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