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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): March 23, 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
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(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 Current Report on
Form 8-K of Ambac Financial Group, Inc. (which was filed with the Securities and
Exchange Commission on March 13, 2000; Commission File Number 1-10777) are
hereby incorporated by reference in (i) this Current Report on Form 8-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 2000-1 (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.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
Exhibit No. Description
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23.1 Consent of KPMG LLP
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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.
PRUDENTIAL SECURITIES SECURED FINANCING
CORPORATION As Depositor and on behalf of ABFS
Mortgage Loan Trust 2000-1 Registrant
By: /s/ Evan Mitnick
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Name: Evan Mitnick
Title: Vice President
Dated: March 23, 2000
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EXHIBIT INDEX
Exhibit No. Description
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23.1 Consent of KPMG LLP
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EXHIBIT 23.1
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INDEPENDENT AUDITORS' CONSENT
The Board of Directors
Ambac Assurance Corporation:
We consent to the incorporation by reference in the registration statement (No.
333-75489) of Prudential Securities Secured Financing Corporation (the
"Registrant") relating to the ABFS Mortgage Loan Trust 2000-1 and in the
Prospectus Supplement of the Registrant (the "Prospectus Supplement") via the
Form 8-K of the Registrant dated March 23, 2000, of our report dated January 21,
2000 on the consolidated financial statements of Ambac Assurance Corporation and
subsidiaries as of December 31, 1999 and 1998, and for each of the years in the
three-year period ended December 31, 1999 which report appears in the Form 8-K
of Ambac Financial Group, Inc., which was filed with the Securities and Exchange
Commission on March 13, 2000 and to the reference to our firm under the heading
"Experts" in the Prospectus Supplement.
/s/ KPMG LLP
New York, New York
March 23, 2000
