GMAC COMMERCIAL MORTGAGE SECURITIES INC
8-K, 2000-03-10
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) March 10, 2000


                    GMAC Commercial Mortgage Securities, Inc.
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             (Exact Name of Registrant as Specified in its Charter)



                                    Delaware
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                 (State or Other Jurisdiction of Incorporation)


                333-74299                               23-2811925
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        (Commission File Number)           (I.R.S. Employer Identification No.)




 650 Dresher Road, Horsham, Pennsylvania                   19044
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 (Address of Principal Executive Offices)               (Zip Code)


                                 (215) 328-3164
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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 March 16, 2000, the Registrant will cause the issuance and
sale of approximately $879,870,172 initial principal amount of Mortgage
Pass-Through Certificates, Series 2000-C1, Class X, Class A-1, Class A-2, Class
B, Class C, Class D, Class E, Class F, Class G, Class H, Class J, Class K, Class
L, Class M, Class N, Class O, Class R-I, Class R-II and Class R-III (the
"Certificates") pursuant to a Pooling and Servicing Agreement to be dated as of
March 1, 2000, among the Registrant, GMAC Commercial Mortgage Corporation, as
Servicer, LaSalle Bank National Association, as Trustee and ABN AMRO Bank N.V.,
as Fiscal Agent. In connection with the sale of the Class X, Class A-1, Class
A-2, Class B, Class C, Class D, Class E and Class F Certificates (the "Publicly
Offered Certificates"), the Registrant has been advised by Deutsche Bank
Securities Inc. and Goldman, Sachs & Co., (together, the "Underwriters"), that
the Underwriters have furnished to prospective investors certain yield tables
and other computational materials (the "Computational Materials") with respect
to the Publicly Offered Certificates following the effective date of
Registration Statement No. 333-74299, which Computational Materials are being
filed as exhibits to this report.

          The Computational Materials were prepared by the Underwriters 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 a particular class of 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.


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

          List below the financial statements, pro forma financial information
and exhibits, if any, filed as part of this report.

          (a)  Financial Statements of Business Acquired.

               Not applicable

          (b)  Pro Forma Financial Information.

               Not applicable

          (c)  Exhibits.

               99.1 Computational Materials prepared by the Underwriters in
               connection with the sale of Publicly Offered Certificates of the
               Registrant, filed pursuant to Rules 202 and 311(i) of Regulation
               S-T (filed in paper).





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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 thereunto duly authorized.



                                      GMAC COMMERCIAL MORTGAGE SECURITIES, INC.
                                      (Registrant)


                                      BY:        /s/ David Lazarus
                                          ------------------------------------
                                      Name:  David Lazarus
                                      Title: Vice President





Dated:   March 10, 2000












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                                INDEX OF EXHIBITS


Exhibit     Description
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 99.1       Computational Materials prepared by the Underwriters in connection
            with the sale of Publicly Offered Certificates of the Registrant,
            filed pursuant to Rules 202 and 311(i) of Regulation S-T (filed in
            paper).























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