ABN AMRO MORTGAGE CORP
8-K, 1998-10-26
ASSET-BACKED SECURITIES
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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)   October 22, 1998

     ABN AMRO MORTGAGE CORPORATION (as depositor under the Pooling and 
Servicing Agreement, dated as of October 1, 1998 providing for, inter alia, 
the issuance of ABN AMRO Mortgage Corporation Mortgage Pass-Through 
Certificates Series 1998-4)

                           ABN AMRO MORTGAGE 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)


           333-57027                               36-3886007
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   (COMMISSION FILE NUMBER)             (I.R.S. EMPLOYER IDENTIFICATION NO.)


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


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


                                    Not Applicable
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            (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)


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ITEM 5.   OTHER EVENTS.

     On or about October 27, 1998, the Registrant will cause the issuance and 
sale of approximately $359,835,570 initial principal amount of Mortgage 
Pass-Through Certificates, Series 1998-4 (the "Certificates") pursuant to a 
Pooling and Servicing Agreement dated as of October 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 1998-4 Certificates  (the 
"Certificates"), the Registrant has been advised by Lehman Brothers Inc. 
("Lehman"), that Lehman 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. 333-57027 which Computational Materials are being filed as 
exhibits to this report.

     The Computational Materials have been provided by Lehman.  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 Lehman 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.

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<TABLE>
<CAPTION>

               ITEM 601(a) OF 
               REGULATION S-K
EXHIBIT  NO.   EXHIBIT NO.         DESCRIPTION
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<S>            <C>                <C>
     1             99             Computational Materials--
                                  Computational Materials (as defined in Item 5)
                                  that have been provided by Lehman to certain 
                                  prospective purchasers of ABN AMRO Mortgage
                                  Corporation Mortgage Pass Through Certificates
                                  Series 1998-4 (filed in paper pursuant to the
                                  automatic SEC exemption pursuant to Release 
                                  33-7427, August 7, 1997)
</TABLE>

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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.

                                        ABN AMRO MORTGAGE CORPORATION
                                                (Registrant)




Dated: October 22, 1998                 By:           /s/ Maria Fregosi 
                                           ------------------------------------
                                        Name:             Maria Fregosi
                                        Title:           Vice President  

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                                  INDEX OF EXHIBITS



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










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


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