SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                ----------------


                                    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) July 15, 1997.

                         DFC Securitization Trust 1997-I
               (Exact name of registrant as specified in charter)


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

c/o PNC Bank, National Association
Corporate Trust Department
Attention:  Constantine Hromych
1700 Market Street
Philadelphia, Pennsylvania                             19103
(Address of principal executive offices)            (Zip Code)


        Registrant's telephone number, including area code (215) 585-8738
  ---------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)





                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                ----------------


                                    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) July 15, 1997.

                         DFC Securitization Trust 1997-I
               (Exact name of registrant as specified in charter)


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

c/o PNC Bank, National Association
Corporate Trust Department
Attention:  Constantine Hromych
1700 Market Street
Philadelphia, Pennsylvania                             19103
(Address of principal executive offices)            (Zip Code)


        Registrant's telephone number, including area code (215) 585-8738
  ---------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)






                         DFC SECURITIZATION TRUST 1997-I

                                    FORM 8-K


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.

         DFC Securitization Trust 1997-I (the "Trust"), the issuer of the
Deutsche Financial Capital Securitization LLC Senior/Subordinated Pass-Through
Certificates, Series 1997-I (the "Certificates"), makes monthly distributions to
holders of the Certificates. The latest distribution was made on July 15, 1997.
Oakwood Acceptance Corporation, as Servicer for the Trust, has prepared a
monthly Remittance Report and delivered it to the Trustee.

Remittance Report. . . . . . . . . . . . .Exhibit 20.1

ITEM 6.  RESIGNATIONS OF REGISTRANT'S DIRECTORS.

         Not Applicable.

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

         Exhibits

         20.1 Monthly Remittance Report relating to the Distribution Date
         occurring on July 15, 1997.

ITEM 8.  CHANGE IN FISCAL YEAR.

         Not Applicable.





                                   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.

                                 DFC Securitization TRUST 1997-I, Registrant

                                 By:  Oakwood Acceptance Corporation,
                                          as servicer


July 23, 1997                         -------------------------------
                                          Douglas R. Muir
                                          Vice President






                                   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.

                                 DFC Securitization TRUST 1997-I, Registrant

                                 By:  Oakwood Acceptance Corporation,
                                          as servicer


July 23, 1997                         /s/ Douglas R. Muir
                                      -------------------------------
                                          Douglas R. Muir
                                          Vice President







                                INDEX OF EXHIBITS

                                                            Page of Sequentially
                                                               Numbered Pages

20.1     Monthly Remittance Report relating to Distribution
         Date occurring on July 15, 1997.......................... 5-10




                                INDEX OF EXHIBITS

                                                            Page of Sequentially
                                                               Numbered Pages

20.1     Monthly Remittance Report relating to Distribution
         Date occurring on July 15, 1997..........................