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SECURITIES AND EXCHANGE COMMISSION
450 Fifth Street, NW
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
October 26, 1998
(date of earliest event reported)
PNC MORTGAGE SECURITIES CORP.
as Depositor and Master Servicer under a
Pooling and Servicing Agreement
dated as of October 1, 1998
providing for the issuance of
$743,559,038
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1998-11
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<S> <C> <C>
Delaware 333-50053 T/B/D
(State or other jurisdiction of (Commission File Number) (IRS Employer Identification Number)
Incorporation)
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75 NORTH FAIRWAY DRIVE
VERNON HILLS, ILLINOIS 60061
(Address of principal executive offices)
Registrant's telephone number, including area code:
(847) 549-6500
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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 7. FINANCIAL STATEMENTS AND EXHIBITS
The following Exhibit is filed separately, under cover of Form SE in
accordance with Rule 202 of Regulation S-T pursuant to a continuing hardship
exemption.
P 99.1 Certain Computational Materials prepared by the Underwriter in
connection with PNC Mortgage Securities Corp. Mortgage Pass-Through
Certificates, Series 1998-11.
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 1998-11.
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.
PNC MORTGAGE SECURITIES CORP.
Date: October 26, 1998 By \s\ Thomas G. Lehmann
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Thomas G. Lehmann
Vice President and
General Counsel
