DLJ MORTGAGE ACCEPTANCE CORP
8-K, 1999-04-29
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): April 26, 1999

            DLJ MORTGAGE ACCEPTANCE CORP., (as depositor under the
                   Pooling and Servicing Agreement, dated as
              of April 1, 1999, providing for the issuance of the
                        DLJ MORTGAGE ACCEPTANCE CORP.,
                               GEM Trust 1999-1
            GEM Mortgage Pass-Through Certificates, Series 1999-1).

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

          Delaware                   333-59691               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

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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 GEM  Mortgage  Pass-Through  Certificates,  Series
1999-1.

         In  connection  with the  offering of the GEM  Mortgage  Pass-Through
Certificates,   Series  1999-1,   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 April 29, 1999.

- ------------------------
*  Capitalized  terms used and not  otherwise  defined  herein  shall have the
meanings  assigned  to them in the  prospectus  dated  March 26,  1999 and the
prospectus  supplement dated April 26, 1999, of DLJ Mortgage Acceptance Corp.,
relating to its GEM Mortgage Pass-Through Certificates, Series 1999-1.


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 April 29, 1999.



                                  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:  April 29, 1999


Exhibit Index
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Exhibit                                                              Page
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99.1      Computational  Materials
          filed on Form SE dated  April  29, 1999.



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