GE CAPITAL MORTGAGE SERVICES INC
8-K, 2000-10-06
ASSET-BACKED SECURITIES
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                      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) September 25, 2000

                       GE CAPITAL MORTGAGE SERVICES, INC.
                       ----------------------------------
                    (as Seller and Servicer under Pooling and
                   Servicing Agreements each providing for the
           issuance of a Series of Mortgage Pass-Through Certificates)

                       GE Capital Mortgage Services, Inc.
                       ----------------------------------
              (formerly known as Travelers Mortgage Services, Inc.)
             (Exact name of registrant as specified in its charter)

               New Jersey           33-5042          21-0627285
               ----------           -------          ----------
             (State or Other      (Commission     (I.R.S. Employer
             Jurisdiction of      File Number)    Identification No.)
              Incorporation)

             Three Executive Campus
             Cherry Hill, New Jersey                        08002
             -----------------------                        -----
             (Address of Principal                        (Zip Code)
             Executive Offices)

                    Registrant's telephone number, including
                            area code (609) 661-6100
<PAGE>
Item 5.  Other Events
-------  ------------

1. On September 25, 2000 GE Capital Mortgage  Services,  Inc.  ("GECMSI") passed
through to Certificateholders of Mortgage  Pass-Through  Certificates  principal
and  interest   payments  as  required  for  the  various   Series  of  Mortgage
Pass-Through  Certificates  listed  below and as detailed  in Item 7,  Financial
Statements, Pro Forma Financial Information and Exhibits, of this Report.

Series                           Distribution on Series
------                           ----------------------

Series  2000-01                        $3,659,871.56
Series  2000-02                        $2,853,208.22
Series  2000-03                        $1,997,093.98
Series  2000-04                        $4,680,445.49
Series  2000-05                        $2,009,614.20
Series  2000-06                        $1,784,488.84
Series  2000-07                        $1,490,538.33
Series  2000-08                        $1,406,677.11
Series  2000-09                        $5,580,402.03
Series  2000-10                       $16,745,343.34

                                      $42,207,683.10
                                      ==============

2. On September 11, 2000, GECMSI entered into a definitive  agreement with Wells
Fargo Home Mortgage,  Inc. ("WFHM") (the "Agreement") for the outsourcing of its
servicing  and the sale of its  origination  operations.  On September 29, 2000,
GECMSI entered into a  sub-servicing  agreement with WFHM pursuant to which WFHM
will service for GECMSI the mortgage loans currently directly serviced by GECMSI
and master service for GECMSI the mortgage loans  currently  covered by a direct
master servicing arrangement.  While GECMSI will remain primarily liable for the
proper  servicing of the mortgage  loans under the Agreement and the  respective
Pooling and Servicing  Agreements between GECMSI and State Street Bank and Trust
Company,  as Trustee,  for GECMSI's  REMIC mortgage  pass-through  certificates,
GECMSI will no longer have the capability to service those loans itself.

Item 7.  Financial Statements and Exhibits
-------  ---------------------------------

     Attached  as Exhibits to Item 7 are the  "Servicer's  Certificate"  and the
"Distribution Date Statement" filed as part of this Report.

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

Series 2000-01               99.01               Servicer's Certificate
                             99.02               Distribution Date Statment

Series 2000-02               99.03               Servicer's Certificate
                             99.04               Distribution Date Statment

Series 2000-03               99.05               Servicer's Certificate
                             99.06               Distribution Date Statment

Series 2000-04               99.07               Servicer's Certificate
                             99.08               Distribution Date Statment

Series 2000-05               99.09               Servicer's Certificate
                             99.10               Distribution Date Statment

Series 2000-06               99.11               Servicer's Certificate
                             99.12               Distribution Date Statment

Series 2000-07               99.13               Servicer's Certificate
                             99.14               Distribution Date Statment

Series 2000-08               99.15               Servicer's Certificate
                             99.16               Distribution Date Statment

Series 2000-09               99.17               Servicer's Certificate
                             99.18               Distribution Date Statment

Series 2000-10               99.19               Servicer's Certificate
                             99.20               Distribution Date Statment

                                   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.

                           GE CAPITAL MORTGAGE SERVICES, INC.

                           By:     /s/ Janet Brogden
                                 --------------------------------------------
                           Name:    Janet Brogden
                           Title:   Vice President
                                    Finance Manager

Dated as of :   October 2, 2000
<PAGE>
                                 EXHIBIT INDEX

EXHIBIT NO.                DESCRIPTION

99.01                      Series 2000-01 Servicer's Certificate

99.02                      Series 2000-01 Distribution Date Statement

99.03                      Series 2000-02 Servicer's Certificate

99.04                      Series 2000-02 Distribution Date Statement

99.05                      Series 2000-03 Servicer's Certificate

99.06                      Series 2000-03 Distribution Date Statement

99.07                      Series 2000-04 Servicer's Certificate

99.08                      Series 2000-04 Distribution Date Statement

99.09                      Series 2000-05 Servicer's Certificate

99.10                      Series 2000-05 Distribution Date Statement

99.11                      Series 2000-06 Servicer's Certificate

99.12                      Series 2000-06 Distribution Date Statement

99.13                      Series 2000-07 Servicer's Certificate

99.14                      Series 2000-07 Distribution Date Statement

99.15                      Series 2000-08 Servicer's Certificate

99.16                      Series 2000-08 Distribution Date Statement

99.17                      Series 2000-09 Servicer's Certificate

99.18                      Series 2000-09 Distribution Date Statement

99.19                      Series 2000-10 Servicer's Certificate

99.20                      Series 2000-10 Distribution Date Statement


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