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): APRIL 11, 2001



                      NATIONSCREDIT GRANTOR TRUST 1997 - 2
                      ------------------------------------
               (EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)



DELAWARE                 333-22327                75-2655744
- --------                 ---------                ----------
(STATE  OR               (COMMISSION  FILE        (IRS  EMPLOYER
JURISDICTION  OF         NUMBER)                  IDENTIFICATION  NUMBER)
INCORPORATION)

                             1355 WINDWARD CONCOURSE
                             ALPHARETTA GEORGIA 30005


                    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
                    ----------------------------------------

       REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE  (678) 339-9343

  NOT APPLICABLE (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT.)


ITEM  5.                   OTHER  EVENTS
                           -------------

     THIS  CURRENT  REPORT  ON  FORM  8-K  IS  BEING FILED TO FILE A COPY OF THE
CERTIFICATEHOLDERS STATEMENTS RELATING TO THE COLLECTION PERIOD ENDING MARCH 31,
2001.

     CAPITALIZED  TERMS  NOT  DEFINED  HEREIN  HAVE THE MEANINGS ASSIGNED IN THE
POOLING  AND  SERVICING  AGREEMENT  (WITH STANDARD TERMS AND CONDITIONS ATTACHED
THERETO)  DATED  AS  OF  SEPTEMBER  30,  1997 AMONG NATIONSCREDIT SECURITIZATION
CORPORATION,  NATIONSCREDIT  COMMERCIAL CORPORATION OF AMERICA AND BANKERS TRUST
COMPANY,  AS  TRUSTEE,  WHICH  WAS PREVIOUSLY FILED AS AN EXHIBIT TO THE CURRENT
REPORT  ON  FORM  8-K  FILED  ON BEHALF OF THE TRUST BY NATIONSCREDIT COMMERCIAL
CORPORATION  OF  AMERICA  ON  OCTOBER  10,  1997.


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

(C)     EXHIBITS

EXHIBIT  NO.
- ------------

    19.1     CERTIFICATEHOLDERS  STATEMENTS



                                   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.

                      NATIONSCREDIT GRANTOR TRUST 1997 - 2
                      ------------------------------------
                                  (REGISTRANT)

              BY:  NATIONSCREDIT COMMERCIAL CORPORATION OF AMERICA,
               AS SERVICER OF NATIONSCREDIT GRANTOR TRUST 1997 - 2


Date:  April  11,  2001               BY:  /S/  KEVIN  CHURCH
       ----------------                    ------------------
                                      NAME:     KEVIN  CHURCH
                                      TITLE:    VICE  PRESIDENT


                                  EXHIBIT INDEX
                                  -------------


EXHIBIT
NUMBER                        DESCRIPTION
- ------                        -----------

 19.1                      CERTIFICATEHOLDERS  STATEMENTS