SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: January 26, 1998
CRESTAR STUDENT LOAN TRUST 1997-1
(Issuer in respect of the Crestar Student Loan Trust
1997-1 Student Loan Asset-Backed Notes) (Exact
name of registrant as specified in its charter)
Delaware 333-35825-01 54-1872152
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
919 East Main Street, Richmond, Virginia 23219
(Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including area code):
(804) 343-9400
The exhibit index is located on page 3.
Item 5 Other Events.
On January 26, 1998 the Crestar Student Loan Trust 1997-1
made its monthly distribution of funds to holders of the
Trust's Student Loan Asset Backed Notes and distributed the
Statement to Noteholders filed herewith as an Exhibit to
this Form 8-K, to the Noteholders of record.
Item 7 (c) Exhibits.
The following are filed as exhibits to this Report under
Exhibit 99.1:
Crestar Student Loan Trust 1997-1 Statement to Noteholders
for the Distribution Date of January 26, 1998.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on behalf of Crestar Student
Loan Trust 1997-1 by the undersigned thereunto duly authorized.
CRESTAR STUDENT LOAN TRUST 1997-1
By: CRESTAR BANK, as Administrator and Master
Servicer and on behalf of
Crestar Student Loan Trust 1997-1
By: /s/ Mark Smith
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Mark Smith
Senior Vice President
Date: January 26, 1998
INDEX TO EXHIBITS
Exhibit
Number Exhibits
99.1 Crestar Student Loan Trust 1997-1 Statement to Noteholders for the
Distribution Date of January 26, 1998.