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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
November 25, 1998
Date of Report (Date of Earliest Event Reported)
BEAR STEARNS ASSET BACKED SECURITIES, INC.
(as Depositor under the Pooling and Servicing Agreement, dated June 1, 1998,
providing for the Issuance of the American Residential Home Equity Loan
Trust Asset-Backed Certificates, Series 1998-1)
BEAR STEARNS ASSET BACKED SECURITIES, INC.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware 333-49015-01 13-3836437
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(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
245 Park Avenue, New York, New York 10167
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(Address of Principal Executive Offices)
(212) 272-4095
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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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INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. OTHER EVENTS
On June 1, 1998, Bear Stearns Asset Backed Securities, Inc. (the
"Company") entered into a Pooling and Servicing Agreement dated as
of June 1, 1998 (the "Pooling and Servicing Agreement"), by and
among the Company, as depositor; American Residential Holdings,
Inc., as seller (the "Seller"); Countrywide Home Loans, Inc., as
master servicer (the "Master Servicer"); and Bankers Trust Company
of California, N.A, as trustee (the "Trustee"), providing for the
issuance of the American Residential Home Equity Loan Trust
Asset-Backed Certificates, Series 1998-1 (the "Certificates").
The following exhibit which relates specifically to the Certificates
is included with this Current Report:
Item 7(c). Exhibits
10.1 Monthly Payment Date Statement distributed to
Certificateholders, dated November 25, 1998.
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SIGNATURE
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.
Date: December 4, 1998
BEAR STEARNS ASSET BACKED
SECURITIES, INC.
By: /s/ Jonathan Lieberman
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Jonathan Lieberman
Vice President
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EXHIBIT INDEX
Exhibit Number Page Number
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10.1 Monthly Payment Date Statement distributed to
Certificateholders, dated November 25, 1998..........................5