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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 17, 2000
Prudential Securities Secured Financing 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)
333-52021 13-3526694
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(Commission File Number) (I.R.S. Employer Identification No.)
One New York Plaza, New York, New York 10292
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(Address of Principal Executive Offices) (Zip Code)
(212) 778-1000
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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 5. Other Events.
This report and the attached exhibit are being filed pursuant to
"no-action" positions taken by the Securities and Exchange Commission with
respect to alternative means of satisfying the Registrant's reporting
obligations under the Securities Exchange Act of 1934, as amended, with
respect to PeopleFirst.com Vehicle Receivables Owner Trust 2000-1 (the
"Trust"). On July 17, 2000, the principal and interest collected during the
preceding calendar month, net of certain adjustments as provided for in the
Sale and Servicing Agreement dated as of June 1, 2000 (the "Agreement"),
among the Trust, PeopleFirst Finance, LLC, as seller and servicer, PF
Funding II, LLC, as transferor, Prudential Securities Secured Financing
Corporation, as depositor, and Norwest Bank Minnesota, National
Association, as indenture trustee (the "Indenture Trustee"), backup
servicer and custodian, were distributed to the holders of Notes issued by
the Trust (the "Noteholders"). In accordance with the Agreement, the
Monthly Noteholder Statement was furnished to the Indenture Trustee for the
benefit of the Noteholders, and, as such, was distributed by the Indenture
Trustee to the Noteholders. A copy of the Monthly Noteholder Statement with
respect to the July 17, 2000 distributions is filed as Exhibit 99.2. No
other reportable transactions or matters have occurred during the current
reporting period.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit
No. Document Description
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99.2 Monthly Noteholder Statement, with respect to July 17, 2000
distributions.
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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
(Registrant)
Dated: August 18, 2000 By: /s/Evan J. Mitnick
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Name: Evan J. Mitnick
Title: Vice President -
Asset Backed Finance Group
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INDEX TO EXHIBITS
Exhibit
Number Document Description
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99.2 Monthly Noteholder Statement, with respect to
July 17, 2000 distributions.
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