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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
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Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 24, 1998
BANC ONE ABS CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
United States 333-59845 None Available
(State or Other (Commission File Number) (IRS Employer
Jurisdiction of Identification Nos.)
Incorporation)
100 East Broad Street Columbus, Ohio 43271-0158
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (614) 248-5700
Not Applicable
(Former Name or Former Address if Changed Since Last Report)
Exhibit Index located at Page 2
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Items 1 through 4 and Items 6, 8 and 9 are not included because they are not
applicable.
Item 5. Other Events.
On September 24, 1998, Banc One ABS Corporation, as Depositor and Bank
One, N.A., as Servicer (the "Depositor" and "Servicer") entered into a Pooling
and Servicing Agreement, dated as of August 31, 1998 (the "Pooling and Servicing
Agreement"), with The Bank of New York, as trustee (the "Trustee"). Pursuant to
the Pooling and Servicing Agreement, a Trust was created into which the
Depositor deposited the Mortgage Loans listed in the Mortgage Loan Schedule
attached as Exhibit C to the Pooling and Servicing Agreement. The Trust issued
$850,000,000 HELOC Asset-Backed Certificates, Series 1998-1 (the
"Certificates"). The Underwriting Agreement between the Depositor and Credit
Suisse First Boston Corporation, as representative of the several underwriters
(the "Underwriters") relating to the sales of the Certificates, the Pooling and
Servicing Agreement and the Mortgage Loan Purchase Agreement among Bank One,
N.A., Bank One, Arizona, N.A., Bank One, Colorado, N.A., Bank One Illinois,
N.A., Bank One, Indiana, N.A., Bank One, Kentucky, N.A., Bank One, Utah, N.A.,
Bank One, West Virginia, N.A., Bank One, Wisconsin, (each a "Seller," and
collectively, the "Sellers") and the Depositor, are attached as Exhibits.
The aggregate Cut-Off Date Pool Balance of the Mortgage Loans was
approximately $867,346,931, as indicated in more detail in the Mortgage Loan
Schedule attached as Exhibit C to the Pooling and Servicing Agreement.
Capitalized terms used herein and not defined herein have the same
meaning ascribed to such terms in the Pooling and Servicing Agreement.
Item 7. Exhibits.
(a) Executed exhibits - The following exhibits to the Form S-3
Registration Statement of the Registrant are hereby filed:
Exhibit Sequentially
Number Numbered
Exhibit Page
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1.1 Underwriting Agreement
4.1 Pooling and Servicing Agreement
10.1 Mortgage Loan Purchase Agreement
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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 hereunto duly authorized.
BANC ONE ABS CORPORATION
(Registrant)
September 24, 1998 By: /s/ Suzanne Bachman
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Name: Suzanne Bachman
Title: Securitization Manager
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Exhibit Index
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Exhibit Sequentially
Number Numbered
Exhibit Page
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1.1 Underwriting Agreement
4.1 Pooling and Servicing Agreement
10.1 Mortgage Loan Purchase Agreement