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: March 27, 1998
(Date of earliest event reported)
ABN AMRO Mortgage Corporation
(Sponsor)
issuer in Respect of Commercial Mortgage Pass-Through
Certificates Series 1998-1)
(Exact name of registrant as specified in charter)
Delaware 333-42127 363886007
(State or other juris- (Commission (I.R.S. Employer
diction of organization) File No.)
Identification No.)
181 West Madison Street Chicago, Illinois 60602
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code
(248) 643-2530
(Former name or former address, if changed since last
report.)
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND EXHIBITS
(c) Exhibits
Exhibit No. Description
99.1Monthly distribution report pursuant to Section 4.02 of
the Pooling and
Servicing Agreement for the distribution on May 14, 1998.
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be
signed on behalf of the Registrant by the undersigned thereunto
duly authorized.
LASALLE NATIONAL BANK, IN
ITS CAPACITY AS TRUSTEE
UNDER THE POOLING AND
SERVICING AGREEMENT ON
BEHALF OF ABN AMRO MORTGAGE
CORPORATION, REGISTRANT
By:
/s/ Russell Goldenberg
Russell Goldenberg,
Senior Vice President
Date: June 24, 1998
Exhibit Index
Exhibit No. Description
99.1Monthly distribution report pursuant to Section 4.02
of the Pooling and Servicing Agreement for the distribution
on April 14, 1998.
ABN AMRO
LaSalle National Bank
Administrator:
Ryan Kutty (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
ABN AMRO Mortgage Corporation
(LaSalle Home Mortgage Corporation, as Servicer)
Multi-Class Mortgage Pass-Through Certificates
Series 1998-1
Payment Date: 05/26/98
Prior Payment: 04/27/98
Record Date: 04/30/98
WAC: 7.394800%
WAMM:
Number Of Pages
Table Of Contents 1
REMIC Certificate Report 3
Other Related Information 2
Asset Backed Facts Sheets 3
Delinquency Loan Detail
Total Pages Included In This Package 9
LaSalle Web Site www.lnbabs.com
LaSalle Bulletin Board (714) 282-3990
ASAP #: 330
Monthly Data File Name: 0330MMYY.EXE
ABN AMRO Acct: 67-7920-20-9
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
IA-1 78,344,523.04 78,600,661.30 150509.24
00077BAN3 1000.000000000 1003.269383105 1.921120126
IA-2 23,789,603. 23,789,60 0.000000000
00077BAA1 1000.000000000 1000.000000000 0.000000000
IA-3 63,730,000. 63,239,71 1,097,638
00077BAB9 1000.000000000 992.306810921 17.223258277
IA-4 10,043,000. 10,101,58 2827907.91
00077BAC7 1000.000000000 1005.833333665 281.579997013
IA-5 37,632,681. 37,632,68 0.000000000
00077BAD5 1000.000000000 1000.000000000 0.000000000
IA-6 14,254,582. 14,254,58 0.000000000
00077BAE3 1000.000000000 1000.000000000 0.000000000
IA-X 7,010,057 7,004,8 0.000000000
00077BAW3 1000.000000000 999.254183029 0.000000000
IIA-1 45,850,628. 45,692,24 415,22
00077BAF0 1000.000000000 996.545770758 9.056004206
IIA-X 1,828,335 1,822,4 0.000000000
00077BAG8 1000.000000000 996.777790391 0.000000000
IIA-P 333,045 331,9 1,2
00077BAH6 1000.000000000 996.598989554 3.741444778
M 5,416,841 5,410,5 6,2
00077BAJ2 1000.000000000 998.840634237 1.161402005
B-1 2,280,777 2,278,1 2,6
00077BAK9 1000.000000000 998.840636327 1.161402452
B-2 1,140,388 1,139,0 1,3
00077BAL7 1000.000000000 998.840631434 1.161402961
B-3 1,140,387 1,139,0 1,3
00077BAP8 1000.000000000 998.840630418 1.161403980
B-4 570,194 569,5
00077BAQ6 1000.000000000 998.840640203 1.161394192
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
IA-1 0.00 280,905.76 78,731,057.82
00077BAN3 0.000000000 3.585518797 1004.933781776
IA-2 0.00 0.00 23,789,603.
00077BAA1 0.000000000 0.000000000 1000.000000000
IA-3 0.00 0.00 62,142,074.
00077BAB9 0.000000000 0.000000000 975.083552644
IA-4 0.00 58,925.91 7,332,602
00077BAC7 0.000000000 5.867361346 730.12069800
IA-5 0.00 0.00 37,632,681.
00077BAD5 0.000000000 0.000000000 1000.000000000
IA-6 0.00 0.00 14,254,582.
00077BAE3 0.000000000 0.000000000 1000.000000000
IA-X 0.00 0.00 6,825,734
00077BAW3 0.000000000 0.000000000 973.705828413
IIA-1 0.00 0.00 45,277,025.
00077BAF0 0.000000000 0.000000000 987.489766552
IIA-X 0.00 0.00 1,774,794
00077BAG8 0.000000000 0.000000000 970.715513478
IIA-P 0.00 0.00 330,66
00077BAH6 0.000000000 0.000000000 992.857544776
M 0.00 0.00 5,404,269
00077BAJ2 0.000000000 0.000000000 997.679232231
B-1 0.00 0.00 2,275,483
00077BAK9 0.000000000 0.000000000 997.679233875
B-2 0.00 0.00 1,137,741
00077BAL7 0.000000000 0.000000000 997.679228473
B-3 0.00 0.00 1,137,740
00077BAP8 0.000000000 0.000000000 997.679226438
B-4 0.00 0.00 568,87
00077BAQ6 0.000000000 0.000000000 997.679246011
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
IA-1 214,927.53 (280,905.76) 0.075699102
00077BAN3 2.743363820 (3.585518797) 0.075808774
IA-2 128,860.35 0.00 0.065000000
00077BAA1 5.416666684 0.000000000 Fixed
IA-3 368,898.33 0.00 0.070000000
00077BAB9 5.788456457 0.000000000 Fixed
IA-4 0.00 (58,925.91) 0.070000000
00077BAC7 0.000000000 (5.867361346)Fixed
IA-5 203,843.69 0.00 0.065000000
00077BAD5 5.416666700 0.000000000 Fixed
IA-6 77,212.32 0.00 0.065000000
00077BAE3 5.416666725 0.000000000 Fixed
IA-X 39,402.17 0.00 0.067500000
00077BAW3 5.620805375 0.000000000 Fixed
IIA-1 247,499.68 0.00 0.065000000
00077BAF0 5.397956163 0.000000000 Fixed
IIA-X 9,871.58 0.00 0.065000000
00077BAG8 5.399215639 0.000000000 Fixed
IIA-P 0.00 0.00
00077BAH6 0.000000000 0.000000000
M 30,244.78 0.00 0.067079428
00077BAJ2 5.583471990 0.000000000 0.067003968
B-1 12,734.65 0.00 0.067079428
00077BAK9 5.583470019 0.000000000 0.067003968
B-2 6,367.32 0.00 0.067079428
00077BAL7 5.583468083 0.000000000 0.067003968
B-3 6,367.32 0.00 0.067079428
00077BAP8 5.583472979 0.000000000 0.067003968
B-4 3,183.66 0.00 0.067079428
00077BAQ6 5.583468083 0.000000000 0.067003968
ABN AMRO Acct: 67-7920-20-9
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
B-5 570,194.64 569,533.58 662.23
00077BAR4 1000.000000000 998.840641504 1.161410426
R (Component R 0.00
9ABSB238 1000.000000000 0.000000000 0.000000000
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
B-5 0.00 0.00 568,871.35
00077BAR4 0.000000000 0.000000000 997.679231078
R (Component R 0.00 0.00 0.00
9ABSB238 0.000000000 0.000000000 0.000000000
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
B-5 3,183.67 0.00 0.067079428
00077BAR4 5.583479354 0.000000000 0.067003968
R (Component R 0.00 0.00 0.0675
9ABSB238 0.000000000 0.000000000 Fixed
ABN AMRO Acct: 67-7920-20-9
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
REMIC I Intere 285,096,943.82 284,748,877.31 4,165,606.67
None 1000.000000000 998.779129284 14.611193702
R (Component R 0.00 0.00 0.00
None 1000.000000000 0.000000000 0.000000000
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
REMIC I Intere 0.00 0.00 280,583,270.64
None 0.000000000 0.000000000 984.167935582
R (Component R 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
REMIC I Intere 1,692,428.71 0.00 0.071323001
None 5.93632709 0.00000000 0.071269028
R (Component R 0.00 0.00
None 0.00000000 0.00000000
Other Related Information
Accrued ReimbursementNet Prior
Class Certificate of Prior Prepayment Unpaid
Interest Losses Int. ShortfalInterest
IA-1 495833.29 0.00 0.00 0.00
IA-2 128860.35 0.00 0.00 0.00
IA-3 368898.33 0.00 0.00 0.00
IA-4 58925.91 0.00 0.00 0.00
IA-5 203843.69 0.00 0.00 0.00
IA-6 77212.32 0.00 0.00 0.00
IA-X 39402.17 0.00 0.00 0.00
IIA-1 247499.68 0.00 0.00 0.00
IIA-X 9871.58 0.00 0.00 0.00
IIA-P 0.00 0.00 0.00 0.00
M 30244.78 0.00 0.00 0.00
B-1 12734.65 0.00 0.00 0.00
B-2 6367.32 0.00 0.00 0.00
B-3 6367.32 0.00 0.00 0.00
B-4 3183.66 0.00 0.00 0.00
B-5 3183.67 0.00 0.00 0.00
R (Component 0.00 0.00 0.00 0.00
Total 1692428.72 0.00 0.00 0.00
Ending Actual
Class Unpaid Interest Distribution
Interest Loss of Interest
IA-1 0.00 0.00 495,833.29
IA-2 0.00 0.00 128,860.35
IA-3 0.00 0.00 368,898.33
IA-4 0.00 0.00 58,925.91
IA-5 0.00 0.00 203,843.69
IA-6 0.00 0.00 77,212.32
IA-X 0.00 0.00 39,402.17
IIA-1 0.00 0.00 247,499.68
IIA-X 0.00 0.00 9,871.58
IIA-P 0.00 0.00 0.00
M 0.00 0.00 30,244.78
B-1 0.00 0.00 12,734.65
B-2 0.00 0.00 6,367.32
B-3 0.00 0.00 6,367.32
B-4 0.00 0.00 3,183.66
B-5 0.00 0.00 3,183.67
R (Component 0.00 0.00 0.00
Total 0.00 0.00 1,692,428.72
Advances
Prior Outstanding
Principal Interest
Servicer 0.00 0.00
Trustee: 0.00 0.00
Fiscal Agen 0.00 0.00
0.00 0.00
Current Period
Principal Interest
Servicer 20,799.51 110,390.09
Trustee: 0.00 0.00
Fiscal Agen 0.00 0.00
20,799.51 110,390.09
Recovered
Principal Interest
Servicer 20,799.51 110,390.08
Trustee: 0.00 0.00
Fiscal Agen 0.00 0.00
20,799.51 110,390.08
Outstanding
Principal Interest
Servicer 0.00 0.00
Trustee: 0.00 0.00
Fiscal Agen 0.00 0.00
0.00 0.00
Other Related Information
Summary of REO Properties
# Property Principal
Name Date of REO Balance Book Value
1 0
2 0
3 0
4 0
5 0
0 00 0 0
0 00 0 0
0 00 0 0
0 00 0 0
0 00 0 0
0 00 0 0
0 00 0 0
Property Date of FinalAmount Aggregate Other
# Name Recovery of Proceeds Rev. Collected
1 0
2 0
3 0
4 0
5 0
0 00 0 0
0 00 0 0
0 00 0 0
0 00 0 0
0 00 0 0
0 00 0 0
0 00 0 0
Summary of Repurchased, Liquidated or Disposed Loans
Property Principal
# Name Loan Number Balance Book Value
1 0
2 0
3 0
4 0
5 0
0 00 0 0
0 00 0 0
0 00 0 0
0 00 0 0
0 00 0 0
0 00 0 0
0 00 0 0
0 00 0 0
Property Date of FinalAmount Aggregate Other
# Name Liquidation of Proceeds Rev. Collected
1 0
2 0
3 0
4 0
5 0
0 00 0 0
0 00 0 0
0 00 0 0
0 00 0 0
0 00 0 0
0 00 0 0
0 00 0 0
0 00 0 0
Asset Backed Facts - Pool Total
DistributionDelinq 1 Month Delinq 2 Months
Date # Balance # Balance
05/26/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
DistributionDelinq 3+ Months Foreclosure/Bankruptcy
Date # Balance # Balance
05/26/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
DistributionREO Modifications
Date # Balance # Balance
05/26/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
DistributionPrepayments Curr Weighted Avg.
Date # Balance Coupon Remit
05/26/98 13 3,761,487 7.3948% 7.1323%
1.50% 0.01320984
Asset Backed Facts - Group 1 Total
DistributionDelinq 1 Month Delinq 2 Months
Date # Balance # Balance
05/26/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
DistributionDelinq 3+ Months Foreclosure/Bankruptcy
Date # Balance # Balance
05/26/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
DistributionREO Modifications
Date # Balance # Balance
05/26/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
DistributionPrepayments Curr Weighted Avg.
Date # Balance Coupon Remit
05/26/98 12 3,524,183 7.4817% 7.2192%
1.65% 1.49%
Asset Backed Facts - Group 2 Total
DistributionDelinq 1 Month Delinq 2 Months
Date # Balance # Balance
05/26/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
DistributionDelinq 3+ Months Foreclosure/Bankruptcy
Date # Balance # Balance
05/26/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
DistributionREO Modifications
Date # Balance # Balance
05/26/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
DistributionPrepayments Curr Weighted Avg.
Date # Balance Coupon Remit
05/26/98 1 237,305 6.9648% 6.7023%
0.72% 0.50% 0.00% 0.00%
_
