PRUDENTIAL SECURITIES SECURED FINANCING CORP
8-K, 2000-06-22
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): June 21, 2000



               PRUDENTIAL SECURITIES SECURED FINANCING CORPORATION
             (Exact name of registrant as specified in its charter)



          Delaware                   333-75489                  13-3526694
(State or Other Jurisdiction        (Commission              (I.R.S. Employer
       of Incorporation)            File Number)            Identification No.)


      One New York Plaza                                           10292
      New York, New York                                         (Zip Code)
    (Address of Principal
      Executive Offices)







       Registrant's telephone number, including area code: (212) 778-1000

                                    No Change
          -------------------------------------------------------------


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



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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. 333-75489) 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 ABFS Mortgage Loan Trust Mortgage
Backed Notes, Series 2000-2 (the "Notes"), 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 Notes. The consent of KPMG is attached hereto as Exhibit 23.1.1.

      In connection with the issuance of the ABFS Mortgage Loan Trust Mortgage
Backed Notes, Series 2000-2 (the "Notes"), the registrant is filing herewith the
consent of BDO Seidman LLP ("BDO") to the use of its name and the incorporation
by reference of its report in the prospectus supplement relating to the issuance
of the Notes. The consent of BDO Seidman LLP is attached hereto as Exhibit
23.1.2.

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

(a)   Not applicable.

(b)   Not applicable.

(c)   Exhibits:



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

            23.1.1            Consent of KPMG LLP
            23.1.2            Consent of BDO Seidman LLP


                                   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.


                                           PRUDENTIAL SECURITIES SECURED
                                              FINANCING CORPORATION
                                              As Depositor and on behalf of
                                              ABFS Mortgage Loan Trust 2000-2
                                              Registrant

                                           By:  /s/ Evan Mitnick
                                              ----------------------------------
                                              Name:   Evan Mitnick
                                              Title:  Vice President



Dated: June 21, 2000


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

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

  23.1.1        Consent of KPMG LLP
  23.1.2        Consent of BDO Seidman LLP




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