ABN AMRO MORTGAGE CORP
8-K, 1998-08-25
ASSET-BACKED SECURITIES
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<PAGE>

                          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)   August 24, 1998

     ABN AMRO MORTGAGE CORPORATION (as depositor under the Pooling and Servicing
Agreement, dated as of August 1, 1998 providing for, inter alia, the issuance of
ABN AMRO Mortgage Corporation Mortgage Pass-Through Certificates Series 1998-3)


                         ABN AMRO MORTGAGE CORPORATION
                         -----------------------------
                (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)



                                   Delaware
                                   --------
                    (STATE OR OTHER JURISDICTION OF INCORPORATION)


       333-42127                                       36-3886007
       ---------                                       ----------
(COMMISSION FILE NUMBER)                   (I.R.S. EMPLOYER IDENTIFICATION NO.)


181 West Madison Street, Chicago, Illinois                             60602
- ------------------------------------------                             -----
 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)                            (ZIP CODE)


                                    (248) 643-2530
                                    --------------
                 (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)


                                    Not Applicable
                                    --------------
            (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
<PAGE>


ITEM 5.   OTHER EVENTS.

     On or about August 26, 1998, the Registrant will cause the issuance and 
sale of approximately $332,842,023 initial principal amount of Mortgage 
Pass-Through Certificates, Series 1998-3 (the "Certificates") pursuant to a 
Pooling and Servicing Agreement dated as of August 1, 1998, among ABN AMRO 
Mortgage Corporation, as depositor, Chase Bank of Texas, National 
Association, as trustee and LaSalle Home Mortgage Corporation, as servicer.

     In connection with the sale of the Series 1998-3 Certificates  (the
"Certificates"), the Registrant has been advised by Donaldson, Lufkin & Jenrette
("DLJ"), that DLJ has furnished to prospective investors certain yield tables
and other computational materials (the "Computational Materials") with respect
to the Certificates following the effective date of Registration Statement No.
333-42127 which Computational Materials are being filed as exhibits to this
report.

     The Computational Materials have been provided by DLJ.  The information in
the Computational Materials is preliminary and may be superseded by the
Prospectus Supplement relating to the Certificates and by any other information
subsequently filed with the Securities and Exchange Commission.

     The Computational Materials were prepared by DLJ at the request of certain
prospective investors, based on assumptions provided by, and satisfying the
special requirements of, such prospective investors.  The Computational
Materials may be based on assumptions that differ from the assumptions set forth
in the Prospectus Supplement.  The Computational Materials may not include, and
do not purport to include, information based on assumptions representing a
complete set of possible scenarios.  Accordingly, the Computational Materials
may not be relevant to or appropriate for investors other than those
specifically requesting them.

     In addition, the actual characteristics and performance of the mortgage
loans underlying the Certificates (the "Mortgage Loans") may differ from the
assumptions used in the Computational Materials, which are hypothetical in
nature and which were provided to certain investors only to give a general sense
of how the yield, average life, duration, expected maturity, interest rate
sensitivity and cash flow characteristics of the Certificates might vary under
varying prepayment and other scenarios.  Any difference between such assumptions
and the actual characteristics and performance of the Mortgage Loans will affect
the actual yield, average life, duration, expected maturity, interest rate
sensitivity and cash flow characteristics of the Certificates.

ITEM 7.   FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS AND EXHIBITS.

(a)  Financial Statements

     Not applicable.

(b)  Pro Forma Financial Information.

     Not applicable.

(c)  Exhibits.





EXHIBIT  NO.    ITEM 601(a) OF
                REGULATION S-K         EXHIBIT NO.       DESCRIPTION


                                     -2-
<PAGE>


     1                 99              Computational Materials--
Computational Materials (as defined in Item 5)
                                       that have been provided by DLJ to
                                       certain prospective purchasers of
                                       ABN AMRO Mortgage Corporation
                                       Mortgage Pass Through Certificates
                                       Series 1998-3 (filed in paper
                                       pursuant to the automatic SEC
                                       exemption pursuant to Release 33-7427,
                                       August 7, 1997)











                                     -3-
<PAGE>


                                      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.


                                   ABN AMRO MORTGAGE CORPORATION
                                         (Registrant)




Dated: August 25, 1998             By:  /s/ Maria Fregosi
                                   --------------------------------
                                   Name:   Maria Fregosi
                                   Title:  Vice President










                                     -4-
<PAGE>


                                  INDEX OF EXHIBITS

<TABLE>
<CAPTION>

               ITEM 601(a) OF      SEQUENTIALLY
EXHIBIT        REGULATION S-K      NUMBERED
NUMBER         EXHIBIT NO.         DESCRIPTION                    PAGE
- -------        --------------      ------------                   ----
<S>                 <C>            <C>                             <C>
Exhibit 1           99             Computational Materials          *

</TABLE>









*    Filed in paper pursuant to the automatic SEC exemption pursuant to Release
     33-7427, August 7, 1997.











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