MORTGAGE PASS THROUGH CERTIFICATE SERIES 2000-7
8-K, 2000-09-28
ASSET-BACKED SECURITIES
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                   SECURITIES AND EXCHANGE COMMISSION

                         Washington, DC 20549

                              FORM 8-K
                           CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

                        September 28, 2000
                (date of earliest event reported)

                     PNC MORTGAGE SECURITIES CORP.
              as Depositor and Master Servicer under a
                   Pooling and Servicing Agreement
                    dated as of September 1, 2000
                    providing for the issuance of

                            $160,448,850

                  MORTGAGE PASS-THROUGH CERTIFICATES
                           SERIES 2000-7

            Delaware	        333-72879		      94-2528990

           (State or other  (Commission		    (IRS Employer
           jurisdiction of  File Number)	    Identification
           Incorporation)				               	Number)

                        75 NORTH FAIRWAY DRIVE
                     VERNON HILLS, ILLINOIS 60061

             (Address of principal executive offices)

        Registrant's telephone number, including area code:

                          (847) 549-6500

<PAGE>

Item 1.	Changes in Control of Registrant. Not applicable.

Item 2.	Acquisition or Disposition of Assets. Not applicable.

Item 3.	Bankruptcy or Receivership. Not applicable.

Item 4.	Changes in Registrant's Certifying Accountant. Not applicable.

Item 5.	Other Events.

The tables and materials filed separately, under cover of Form SE in
accordance with Rule 202 of Regulation S-T pursuant to a continuing
hardship exemption, were prepared by Donaldson, Lufkin & Jenrette
Securities Corporation (the "Underwriter") at the request of certain
prospective investors, based on assumptions provided by, and satisfying
the special requirements of, such prospective investors.  Such tables
and assumptions may be based on assumptions that differ from the
Structuring Assumptions. Accordingly, such tables and other materials
may not be relevant to or appropriate for investors other than those
specifically requesting them.

Item 6.	Resignation of Registrant's Directors. Not applicable.

Item 7.	Financial Statements and Exhibits.

The following Exhibit is filed separately, under cover of Form SE
(filed September 28, 2000 under CIK #0000314643) in accordance with
Rule 202 of  Regulation S-T pursuant to a continuing hardship exemption.

99.1 Certain Computational Materials prepared by the Underwriter in
connection with PNC Mortgage Securities Corp. Mortgage Pass-Through
Certificates, Series 2000-7.

Capitalized terms used herein and not otherwise defined shall have the
meanings assigned to them in the Prospectus and Prospectus Supplement of
PNC Mortgage Securities Corp. relating to its Mortgage Pass-Through
Certificates, Series 2000-7.

Item 8.	Change in Fiscal Year. Not applicable.

Item 9.	Sales of Equity Securities Pursuant to Regulation S. Not applicable.


                         	     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.

Dated: September 28, 2000.

                                        PNC MORTGAGE SECURITIES CORP.
                                        (Registrant)

                                        By: \s\Thomas G. Lehmann
                                        ----------------------------
                                        Thomas G. Lehmann
                                        Vice President and
                                        General Counsel
                                        (Authorized Officer)




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