MORGAN STANLEY DEAN WITTER CAPITAL I INC
8-K, 2000-07-25
ASSET-BACKED SECURITIES
Previous: NEORX CORP, 10-Q, EX-27, 2000-07-25
Next: IDS FEDERAL INCOME FUND INC, NSAR-B, 2000-07-25




==============================================================================

                      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): July 25, 2000


                   MORGAN STANLEY DEAN WITTER CAPITAL I INC.
            ------------------------------------------------------
            (Exact name of registrant as specified in its charter)



           Delaware                   333-77215               13-3291626
           --------                       -----               ----------
(State or Other Jurisdiction         (Commission           (I.R.S. Employer
      of Incorporation)              File Number)          Identification No.)


     1585 Broadway, 2nd floor
     ------------------------
        New York, New York                                       10036
        ------------------                                        -----
      (Address of Principal                                    (Zip Code)
        Executive Offices)



      Registrant's telephone number, including area code: (212) 761-4700
                                                           --- --- ----


------------------------------------------------------------------------------

         (Former name or former address, if changed since last report)



------------------------------------------------------------------------------

<PAGE>

Item 5.  Other Events

     Incorporation of Certain Documents by Reference
     -----------------------------------------------

     The consolidated financial statements of Ambac Assurance Corporation and
subsidiaries as of December 31, 1999 and December 31, 1998, and for each of
the years in the three-year period ended December 31, 1999, prepared in
accordance with generally accepted accounting principles, included in the
Annual Report on Form 10-K of Ambac Financial Group, Inc. (which was filed
with the Securities and Exchange Commission on March 30, 2000; Commission File
Number 1-10777) -- and the unaudited consolidated financial statements of
Ambac Assurance Corporation and subsidiaries as of March 31, 2000 and for the
periods ending March 31, 2000 and March 31, 1999, included in the Quarterly
Report on Form 10-Q of Ambac Financial Group, Inc. for the period ended March
31, 2000 -- which was filed with the Securities and Exchange Commission on May
12, 2000 -- are hereby incorporated by reference in (i) this Annual Report on
Form 10-K; (ii) the registration statement (No. 333-77215) of the registrant;
and (iii) the prospectus supplement, and shall be deemed to be part hereof and
thereof.

     Consents
     --------

     In connection with the issuance of the Morgan Stanley Dean Witter Capital
I Mortgage Pass-Through Certificates, Series 2000-1 (the "Certificates"), the
registrant is filing herewith the consent of KPMG LLP ("KPMG") to the use of
its name and the incorporation by reference of its report in the prospectus
supplement relating to the issuance of the Certificates. The consent of KPMG
is attached hereto as Exhibit 23.1.


Item 7.   Financial Statements, Pro Forma Financial Information and Exhibits.
          ------------------------------------------------------------------

(a)      Not applicable.

(b)      Not applicable.

(c)      Exhibits:


         Exhibit No.                Description
         -----------                -----------

         23.1                       Consent of KPMG LLP

<PAGE>

                                  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 hereunto duly authorized.


                                    ------------------------------------------
                                    MORGAN STANLEY DEAN WITTER
                                      CAPITAL I TRUST 2000-1


                                    By: /s/ Andrew Berman
                                       ---------------------------------------
                                       Name:   Andrew Berman
                                       Title:  Vice President




Dated: July 25, 2000

<PAGE>

                                 EXHIBIT INDEX
                                 -------------


Exhibit No.       Description
-----------       -----------

23.1              Consent of KPMG LLP

<PAGE>

EXHIBIT 23.1
------------


                         INDEPENDENT AUDITORS' CONSENT


The Board of Directors
Ambac Assurance Corporation:


We consent to the incorporation by reference in the registration statement
(No. 333-77215) of Morgan Stanley Dean Witter Capital I Inc. (the
"Registrant") relating to the Morgan Stanley Dean Witter Capital I Trust
2000-1 and in the Prospectus Supplement of the Registrant (the "Prospectus
Supplement") via the Form 8-K of the Registrant dated July 25, 2000, of our
report dated January 21, 2000 on the consolidated financial statements of
Ambac Assurance Corporation and subsidiaries as of December 31, 1999 and 1998,
and for each of the years in the three-year period ended December 31, 1999
which report appears in the Form 10-K of Ambac Financial Group, Inc., which
was filed with the Securities and Exchange Commission on March 30, 2000 and to
the reference to our firm under the heading "Experts" in the Prospectus
Supplement.


                                 /s/ KPMG LLP


New York, New York
July 25, 2000



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission