DLJ MORTGAGE ACCEPTANCE CORP
8-K, 1998-07-30
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): July 28, 1998

             DLJ MORTGAGE ACCEPTANCE CORP., (as depositor under the
                    Pooling and Servicing Agreement, dated as
               of July 1, 1998, providing for the issuance of the
                         DLJ MORTGAGE ACCEPTANCE CORP.,
               Mortgage Pass-Through Certificates, Series 1998-3).

                          DLJ MORTGAGE ACCEPTANCE CORP.
                          -----------------------------
             (Exact name of registrant as specified in its charter)

          Delaware                 333-51537                      13-3460894
- ----------------------------       ---------                   ----------------
(State or Other Jurisdiction      (Commission                  (I.R.S. Employer
     of Incorporation)             File Number)              Identification No.)

  277 Park Avenue
  New York, New York                                           10172
- ----------------------                                      -------------
  (Address of Principal                                       (Zip Code)
   Executive Offices)

Registrant's telephone number, including area code (212) 892-3000

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


Item 5.  Other Events.
- ------   ------------

Filing of Computational Materials
- ---------------------------------

         Pursuant to Rule 424(b) under the Securities Act of 1933,  concurrently
with, or subsequent to, the filing of this Current Report on Form 8-K (the "Form
8-K"),  DLJ  Mortgage  Acceptance  Corp.,  Inc.  (the  "Company")  is  filing  a
prospectus and prospectus supplement with the Securities and Exchange Commission
relating to its Mortgage Pass-Through Certificates, Series 1998-3

         In   connection   with  the  offering  of  the  Mortgage   Pass-Through
Certificates, Series 1998-3, Donaldson, Lufkin & Jenrette Securities Corporation
("DLJ"), as underwriter of the Certificates, has prepared certain materials (the
"Computational  Materials")  for  distribution  to  their  potential  investors.
Although  the  Company  provided  DLJ with  certain  information  regarding  the
characteristics of the Mortgage Loans in the related portfolio,  the Company did
not participate in the preparation of the Computational Materials.

         For  purposes of this Form 8-K,  "Computational  Materials"  shall mean
computer generated tables and/or charts displaying, with respect to any Class or
Classes of Certificates,  any of the following:  yield;  average life; duration;
expected  maturity;  interest  rate  sensitivity;  loss  sensitivity;  cash flow
characteristics;  background  information  regarding  the  Mortgage  Loans;  the
proposed  structure;  decrement  tables;  or  similar  information  (tabular  or
otherwise) of a statistical,  mathematical, tabular or computational nature. The
Computational  Materials,  listed as  Exhibit  99.1  hereto are filed on Form SE
dated July 30, 1998.

- --------------
*  Capitalized  terms  used and not  otherwise  defined  herein  shall  have the
meanings  assigned  to  them in the  prospectus  dated  July  28,  1998  and the
prospectus  supplement  dated July 28, 1998, of DLJ Mortgage  Acceptance  Corp.,
relating to its Mortgage Pass-Through Certificates, Series 1998-3.


Item 7.  Financial Statements, Pro Forma Financial


         Information and Exhibits.
         -------------------------
(a)      Not applicable.

(b)      Not applicable.

(c)      Exhibits:

         99.1     Computational Materials.
                  filed on Form SE dated July 30, 1998.


                                   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.

                                       DLJ MORTGAGE ACCEPTANCE CORP.

                                       By:/s/ Shannon Smith
                                          ------------------------------
                                          Name:    Shannon Smith
                                          Title:   Senior Vice President

Dated:  July 30, 1998


Exhibit Index
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Exhibit                                                                    Page
- -------                                                                    ----

99.1              Computational Materials filed on Form SE dated July 30, 1998.


                                BROWN & WOOD LLP
                             One World Trade Center
                            New York, New York 10048
                            Telephone: (212) 839-5300
                            Facsimile: (212) 839-5599

                                                                   July 30, 1998

BY MODEM
- --------

Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549

                  Re:      DLJ Mortgage Acceptance Corp., Mortgage Pass-Through
                           Certificates, Series 1998-3
                           ----------------------------------------------------

Ladies and Gentlemen:

         On behalf of DLJ Mortgage Acceptance Corp., (the "Company"), we enclose
herewith for filing,  pursuant to the  Securities  and Exchange Act of 1934,  as
amended,  the Company's Current Report on Form 8-K, for Computational  Materials
in connection with the above-referenced transaction.

                                                  Very truly yours,

                                                  /s/ Bruce S. Kaiserman

                                                  Bruce S. Kaiserman

Enclosure


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