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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

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                                    FORM 8-K

                                 CURRENT REPORT


                     Pursuant to Section 12 or 15(d) of the

                         Securities Exchange Act of 1934


       Date of Report (Date of earliest event reported) November 10, 1999

                          MERIT Securities Corporation
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               (Exact name of registrant as specified in charter)


         Virginia                    03992                  54-1736551
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     (State or other              (Commission            (IRS Employer
       jurisdiction              File Number)         Identification No.)
    of incorporation)

            10900 Nuckols Road, 3rd Floor, Glen Allen, Virginia 23060
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               (Address of principal executive offices) (Zip Code)


        Registrant's telephone number, including area code (804) 217-5800
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Item 1.  Changes in Control of Registrant.
               Not Applicable.

Item 2.  Acquisition or Disposition of Assets.
               Not Applicable.

Item 3.  Bankruptcy or Receivership.
               Not Applicable.

Item 4.  Changes in Registrant's Certifying Accountant.
               Not Applicable.

Item 5.  Other Events.

      In connection with the offering of the Registrant's  Collateralized Bonds,
Series 14-1 Bonds, described in a Prospectus Supplement dated November 10, 1999,
filed with the Securities and Exchange Commission pursuant to the Securities Act
of 1933, as amended, and Rule 424 thereunder,  "Computational  Materials" within
the  meaning  of the May 20,  1994,  Kidder,  Peabody  No-Action  Letter and the
February 17, 1995, Public Securities Association No-Action Letter were furnished
to prospective investors (the "Related Computational Materials").

99.1 Copy of Related Computational Materials as provided by Lehman Brothers Inc.




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.

November 10, 1999

                                    MERIT Securities Corporation


                                 By:
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                                        Lisa R. Cooke, Vice President



INDEX TO EXHIBITS

Exhibit
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99.1 Copy of Related Computational Materials as provided by Lehman Brothers Inc.