PNC MORTGAGE SECURITIES CORP
8-K, 2000-03-29
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

                         March 29, 2000
                (date of earliest event reported)

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

                          $297,712,191

               MORTGAGE PASS-THROUGH CERTIFICATES
                          SERIES 2000-2
          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

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 March 29, 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 2000-2.

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 2000-2.

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: March 29, 2000.
                         PNC MORTGAGE SECURITIES CORP.
                         (Registrant)

                         By: /s/ Richard Careaga
                         -----------------------------------
                         Richard Careaga
                         Second Vice President
                         (Authorized Officer)



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