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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) December 15, 2000
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ML Asset Backed Corporation
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
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333-45336 13-3891329
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(Commission File Number) (I.R.S. Employer Identification No.)
250 Vesey Street, World Financial Center, North Tower - 10th Floor, New York, New York 10281-1310
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(Address of Principal Executive Offices) (Zip Code)
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(212) 449-0336
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(Registrant's Telephone Number, Including Area Code)
No Change
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On December 15, 2000, Registrant caused the issuance and sale by
PeopleFirst.com Vehicle Receivables Owner Trust 2000-2 of $525,000,000 aggregate
principal amount of Class A-1 asset-backed notes, Class A-2 asset-backed notes,
Class A-3 asset-backed notes, and Class A-4 asset-backed notes and $9,351,145
principal amount of an asset-backed certificate.
The Registrant is filing final forms of the exhibits listed in Item
7(c) below relating to the Notes and the Certificates.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
EXHIBIT
NO. DOCUMENT DESCRIPTION
(a) Not applicable
(b) Not applicable
(c) Exhibit 1.1 Underwriting Agreement, dated December 8, 2000,
between the Registrant, and Merrill Lynch, Pierce,
Fenner & Smith Incorporated.
Exhibit 4.1 Indenture, dated as of December 1, 2000, between
PeopleFirst.com Vehicle Receivables Owner Trust
2000-2 and Wells Fargo Bank Minnesota, National
Association.
Exhibit 4.2 Trust Agreement, dated as of December 1, 2000,
between the Registrant and Wilmington Trust Company.
Exhibit 4.3 Sale and Servicing Agreement, dated as of
December 1, 2000, among PeopleFirst.com Vehicle
Receivables Owner Trust 2000-2, PF Funding II,
LLC, PeopleFirst Finance, LLC, the Registrant and
Wells Fargo Bank Minnesota, National Association.
Exhibit 4.4 Custodial Agreement, dated as of December 1, 2000,
among PF Funding II, LLC, PeopleFirst.com Vehicle
Receivables Owner Trust 2000-2, Financial Security
Assurance Inc, Wells Fargo Bank Minnesota, National
Association and PeopleFirst Finance, LLC.
Exhibit 4.5 Financial Guaranty Insurance Policy No. 51028-N,
dated December 15, 2000, issued by Financial Security
Assurance Inc.
Exhibit 4.6 Indemnification Agreement, dated December 1, 2000,
among Financial Security Assurance Inc., PeopleFirst
Finance, LLC, Barclays Capital Inc., Credit Suisse
First Boston and Merrill Lynch, Pierce, Fenner &
Smith Incorporated.
Exhibit 4.7 Indemnification Agreement, dated December 8,
2000, among the Registrant, PeopleFirst.com Inc.,
PeopleFirst Finance, LLC, PF Funding II, LLC and
Merrill Lynch, Pierce, Fenner & Smith
Incorporated.
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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.
ML ASSET BACKED CORPORATION
(Registrant)
Dated: December 28, 2000 By: /s/ Thomas Layton
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Name: Thomas Layton
Title: Treasurer
