<PAGE 1>
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) September 15,
1999
IBM CREDIT RECEIVABLES, INC., ON BEHALF OF THE
IBM CREDIT RECEIVBALES LEASE ASSET MASTER TRUST
(Issuer of the 4.55% Class A Lease Backed Certificates, Series
1993-1,
5.33% Class A-1 Lease Backed Certificates, Series 1994-1 and
6.55% Class A-2 Lease Backed Certificates, Series 1994-1)
(Exact name of registrant as specified in its charter)
DELAWARE 33-69028 06-1383202
____________________________ ___________ _______________
(State or other Jurisdiction Commission (IRS Employer
of Incorporation) File Number) Identification
No.)
North Castle Drive, MS NCA-306
Armonk, New York 10504-1785
________________________________________ __________
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code(914) 765-1900
Not Applicable
_______________________________________________________________
(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events
On September 2, 1999, the Company filed Form 15,
Certification and Notice of Termination of Registration Under
Section 12(g) of the Securities Exchange Act of 1934 for
Suspension of Duty to File Reports Under Sections 13 and 15(d) of
the Securities Exchange Act of 1934, in order to indicate the
termination of its duty to file reports under the Securities
Exchange Act of 1934.
The Company took this action following the full redemption
of all of its Lease Asset Master Trust Series 1993-1 and 1994-1
on June 15, 1999.
Series Rate Maturity CUSIP
1993-1 4.55% 11-15-2000 44922GAA5
1994-1 6.55% 7-15-2001 44922GAC1
All certificates were fully redeemed at a price of 100% plus
accrued interest to the redemption date. On June 15, 1999, the
principal amount of each certificate became due and payable to
the holder of record as of May 31, 1999, and interest ceased to
accrue and be payable thereafter.
Since the 5.33% Class A-1 Leased Back Certificates, Series
1994-1 have already matured, following the full redemption of
all outstanding series under the IBM Credit Receivables Lease
Asset Master Trust, the Company elected to terminate such Trust
as of June 16, 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 thereunto duty authorized.
IBM CREDIT RECEIVABLES LEASE ASSET
MASTER TRUST
By: IBM CREDIT RECEIVABLES, INC.
By:
/s/ John. V. Palermo, Jr.
______________________________
Name:John V. Palermo, Jr.
Date: September 14, 1999 Title:President and Treasurer
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FORM 15
CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER
SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR
SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934.
33-69028
________________________
(Commission File Number)
IBM CREDIT RECEIVABLES, INC., ON BEHALF OF THE IBM CREDIT
RECEIVABLES LEASE ASSET MASTER TRUST
(Issuer of the 4.55% Class A Lease Backed Certificates, Series
1993-1, 5.33% Class A-1 Lease Backed Certificates, Series 1994-1
and 6.55% Class A-2 Lease Backed Certificates, Series 1994-1
___________________________________________________________
(Exact Name of registrant as specified in its charter)
North Castle Drive, MS NCA-306
Armonk, New York 10504-1785
(914)765-1900
_________________________________________________________________
(Address, including zip code, and telephone number, including
area code, of registrant's principal executive offices)
4.55% Class A Lease Backed Certificates, Series 1993-1
5.33% Class A-1 Lease Backed Certificates, Series 1994-1
6.55% Class A-2 Lease Backed Certificates, Series 1994-1
-1-
_________________________________________________________________
(Title of each class of securities covered by this Form)
NONE
_________________________________________________________________
(Title of all other classes of securities for which a duty to
file reports under section 13 or 15(d) remains)
{Please place an X in the box(es) to designate the appropriate
rule provision(s) relied upon to terminate or suspend the duty to
file reports:
Rule 12g-4(a)(1)(i) _X_ Rule 12h-3(b)(1)(i) ___
Rule 12g-4(a)(1)(ii) ___ Rule 12h-3(b)(1)(ii) ___
Rule 12g-4(a)(2)(i) ___ Rule 12h-3(b)(2)(i) ___
Rule 12g-4(a)(2)(ii) ___ Rule 12h-3(b)(2)(ii) ___
Rule 15d-6 ___
Approximate number of holders of record as of the date of
certification or notice date: __0_
-2-
Pursuant to the requirements of the Securities Exchange Act of
1934, IBM Credit Receivables, Inc. has caused this
certification/notice to be signed on its behalf by the
undersigned duly authorized person.
Date: September 15, 1999 By:/s/ John V. Palermo, Jr.
___________________________
(John V. Palermo, Jr.)
President and Treasurer
