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 (Date of earliest event reported) June 20, 1997.

                  Deutsche Financial Capital Securitization LLC
               (Exact name of registrant as specified in charter)


                       North Carolina 333-24351 56-2018645
             (State or other jurisdiction (Commission (IRS Employer
               of incorporation) File Number) Identification No.)

            7800 McCloud Road, Greensboro, North Carolina 27409-9634
               (Address of principal executive offices) (Zip Code)

        Registrant's telephone number, including area code (910) 664-2400

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         (Former name or former address, if changed since last report.)












Item 5.  Other Events.

         On June 20, 1997, the Registrant  expects to enter into an underwriting
agreement  with Credit  Suisse First  Boston  Corporation  and  Deutsche  Morgan
Grenfell Inc. (the "Underwriters"), pursuant to which the Underwriters agreed to
purchase and offer for sale to the public,  $154,938,000  approximate  aggregate
initial  principal amount of the Registrant's  Senior/Subordinated  Pass-Through
Certificates,  Series 1997-I,  Class A-1, Class A-2, Class A-3, Class A-4, Class
A-5,  Class A-6, Class M and Class B-1 (the "Offered  Securities").  The Offered
Securities  are  registered  for sale  under the  Registrant's  effective  shelf
Registration Statement on Form S-3 (333-24351),  and will be offered pursuant to
a Prospectus,  to be dated June 18, 1997, and a related  Prospectus  Supplement,
dated June 20, 1997,  to be filed with the  Securities  and Exchange  Commission
pursuant to the Securities Act of 1933, as amended and Rule 424 thereunder.

         In  connection  with  the  offering  of  the  Offered  Securities,  the
Underwriters  have prepared and  disseminated  to potential  purchasers  certain
"Series  Term  Sheets",   "Computational  Materials"  and/or  "Structural  Terms
Sheet(s),"  as such  terms are  defined  in the  No-Action  response  letters to
Greenwood Trust Company,  Discover Card Master Trust I (publicly available April
5, 1996), to Kidder, Peabody and Co. Incorporated and certain affiliates thereof
(publicly available,  May 20, 1994) and the No-Action response letter to Cleary,
Gottlieb,  Steen &  Hamilton  on behalf  of the  Public  Securities  Association
(publicly available,  February 17, 1995), respectively.  In accordance with such
No-Action  Letter,  the  Registrant is filing  herewith such Series Term Sheets,
Computational Materials and/or Structural Terms Sheet(s) as Exhibit 99.1.

Exhibits


  99.1       Copy of "Series  Term  Sheets",  "Computational  Materials"  and/or
             "Structural  Terms  Sheet(s)"  as provided by Credit  Suisse  First
             Boston Corporation and Deutsche Morgan Grenfell Inc.

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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 thereunto duly authorized.



June 20, 1997     DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC

                                 By:  DEUTSCHE FINANCIAL CAPITAL I CORP.

                                 By: /s/ Doug R. Muir

                                 Name:  Doug R. Muir

                                 Title:  Treasurer, Assistant Secretary and 
                                             Vice President


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                                INDEX TO EXHIBITS





                                                                      Page


99.1     Copy of "Series Term Sheets", "Computational Materials"
         and/or "Structural Terms Sheet(s)"
         as provided by Credit Suisse First Boston
         Corporation and Deutsche Morgan Grenfell Inc................

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