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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): November 9, 1998
Bear Stearns Asset Backed Securities, Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State of Incorporation)
33-93574
333-02180 13-3836437
(Commission File Numbers) (IRS Employer Identification Number)
245 Park Avenue
New York, New York 10167
(Address of principal executive offices, including zip code)
(212) 271-4095
(Registrant's telephone number, including area code)
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Item 5. Other Events
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Champion Home Equity Loan Trust 1996-1 (Registration No. 33-93574)
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Champion Home Equity Loan Trust 1996-2 (Registration No. 333-02180)
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Pursuant to an Agreement and Plan of Merger dated as of June 15, 1998
between KeyCorp and McDonald & Company Investments, Inc. ("McDonald"), a
full-service investment banking and securities brokerage company headquartered
in Cleveland, Ohio, on October 23, 1998, McDonald was merged with and into
KeyCorp. On November 9, 1998, the merger of Key Capital Markets, Inc., a
wholly-owned broker-dealer subsidiary of KeyCorp, into McDonald & Company
Securities, Inc. (a wholly-owned subsidiary of the former McDonald) was
completed and the surviving entity was renamed McDonald Investments Inc., A
KeyCorp Company. McDonald Investments Inc., as successor to Key Capital Markets,
Inc., may engage in market making transactions in connection with the securities
offered by the trusts listed above.
McDonald Investments Inc. is a member of the New York Stock Exchange,
Inc. and is an affiliate of the seller and servicer for the trusts listed above.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: November 24, 1998 BEAR STEARNS ASSET BACKED SECURITIES, INC.
By: /s/ Timothy J. Small
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Timothy J. Small
Senior Managing Director
