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 15, 1999
TIERS ASSET-BACKED SECURITIES, SERIES BLS TRUST 1997-6
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 33-55860 52-6880113
- -------- --------- ----------
(STATE OR OTHER (COMMISSION (IRS EMPLOYER
JURISDICTION OF FILE IDENTIFICATION
INCORPORATION OR NUMBER) NUMBER)
ORGANIZATION)
c/o Delaware Trust Capital Management Inc.
c/o First Union Trust Co. N.A.
920 King Street, One Rodney Sqare , 1st Floor
Wilmington, Delaware 19801
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER INCLUDING AREA CODE (302) 888-7539
__________________________________N/A______________________________________
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
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Item 1. CHANGES IN CONTROL OF REGISTRANT.
NOT APPLICABLE.
Item 2. ACQUISITION OR DISPOSITION OF ASSETS.
NOT APPLICABLE.
Item 3. BANKRUPTCY OR RECEIVERSHIP.
NOT APPLICABLE.
Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
NOT APPLICABLE.
Item 5. OTHER EVENTS.
NOT APPLICABLE.
Item 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS.
NOT APPLICABLE.
Item 7. FINANCIAL STATEMENTS, PRO-FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) NOT APPLICABLE.
(b) NOT APPLICABLE.
(c) EXHIBITS.
1. Indenture Trustee's Monthly Report in respect of the June 15, 1999
Distribution Date
Item 8. CHANGE IN FISCAL YEAR.
NOT APPLICABLE.
2
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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 thereunto duly authorized.
TIERS ASSET-BACKED SECURITIES
Series BLS Trust 1997-6
By: Delaware Trust Capital Management, Inc.
not in its individual capacity,
but solely as Owner Trustee on behalf of
TIERS Asset-Backed Securities,
Series BLS Trust 1997-6
By:/s/ STERLING C. CORREIA
-------------------------------------
Name: STERLING C. CORREIA
Title: VICE PRESIDENT
Dated: June 15, 1999
3
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EXHIBIT INDEX
EXHIBIT PAGE
1. Trustee's Report in respect of the June 15, 1999
Distribution Date for TIERS SERIES BLS 1997-6 5
4
To the Holders of
Trust Investment Enhanced Return SecuritiesSM
Corporate Bond-Backed Certificates, Series BLS 1997-6
ZTF Class
Amortizing Class
Pursuant to Section 4.2 of the Trust Agreement, U.S. Bank Trust National
Association, formerly First Trust of New York, National Association, as Trustee
for the TIERS Corporate Bond-Backed Certificates Trust Series BLS 1997-6, hereby
gives notice with respect to the Distribution occurring on June 15, 1999 (the
"Distribution Date") as follows:
1. The amount of the distribution payable to the Certificateholders of each
class of Certificates on the Distribution Date allocable to principal and
premium, if any, and interest expressed as a Dollar amount per $1,000 original
face amount of securities, is as set forth below:
Class Principal Interest Total Distribution
ZTF Class $0.00 $0.00 $0.00
Amortizing Class $76.41586 $25.70833 102.124183
2. The amount of aggregate interest due and not paid as of the Distribution Date
is $0.00
3. No fees have been paid to the Trustee or any other party from the proceeds of
the Term Assets.
4. $6,603,000 aggregate principal amount of BellSouth Telcomunications, Inc.
Forty Year 7 1/2% Debentures due June 15, 2003 (the "Term Assets") are held for
the above trust. The Term Assets are currently rated Aaa by Moody's Investors
Service, Inc. and AAA by Standard and Poor's Ratings Group.
5. The Aggregate Certificate Principal Balance of each class of Certificates at
the close of business on the Distribution Date is set forth below:
Class Principal
Balance
ZTF Class $6,603,000.00
Amortizing Class $1,718,017.25
U.S. BANK TRUST NATIONAL ASSOCIATION
