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): October 20, 2000 BANC ONE HELOC TRUST 1999-1 (Exact name of registrant as specified in its charter) United States 	333-59845-01 	 	 36-7282500 (State or Other 	(Commission File	(I.R.S Employer Jurisdiction of 	 Number)		Identification Incorporation					Number) c/o Bank One, National Association Corporate Trust Services Division - 1 N. State Street, 9th Floor Chicago IL (Address of Principal Executive Offices) 60670 (Zip Code) Registrant's telephone number, including area code:		312-336-9730 Item 5.	Other Events On behalf of Banc One HELOC Trust 1999-1, a Trust created pursuant to the Pooling Agreement, dated May 31, 1999, the Paying Agent has caused to be filed with the Commission, the Monthly Report dated October 20, 2000. The Monthly Report is filed pursuant to and in accordance with (1) numerous no-action letters (2) current Commission policy in the area. The filing of the Monthly Report will occur subsequent to each monthly distribution to the holders of the Trust's Investor Certificates. A.	Monthly Report Information: Aggregate distribution information 	for the current distribution date October 20, 2000. 		 Principal		Interest	 Ending Balance Cede & Co.	$7,136,022.90 $2,351,113.43	 $ 402,718,506.58 B.	No delinquency in payment under the Transferor Certificate, or 	the MBIA Insurance Policy has occurred. C.	Have any deficiencies occurred? NO. Date: Amount: D.	Were any amounts paid or are any amounts payable under the 	MBIA Insurance Policy? NO Amount: E.	Are there any developments with respect to the MBIA Insurance 	Policy? NONE. F.	Item 1: Legal Proceedings: NONE G.	Item 2: Changes in Securities: NONE H.	Item 4: Submission of Matters to a Vote of Security Holders: NONE I.	Item 5: Other Information - Items 1, 2, 4, 5 if applicable: NOT 	APPLICABLE Item 7.	Monthly Statements and Exhibits Exhibit No. 1.	Monthly Statement to Certificateholders dated October 20, 2000 	Statement to Certificateholders (Page 1 of 2) 	Distribution Date:						10/20/00 		INVESTOR CERTIFICATES DISTRIBUTION SUMMARY 		(PER $1000 ORIGINAL PRINCIPAL AMOUNT) 	A.	INTEREST & PRINCIPAL DISTRIBUTIONS TO INVESTORS 		Investor Certificate Interest Distributed				4.702227 		Investor Certificate Interest Shortfall Distributed			0.000000 		Remaining Unpaid Investor Certificate Interest Shortfall		0.000000 		Managed Amortization Period ? (Yes=1; No=0)				1 		Investors Certificate Principal Distributed				14.272046 		 Principal Distribution Amount						13.594783 		 Maximum Principal Payment						31.260802 		 Alternative Principal Payment					13.594783 		 Principal Collections less Additional Balances			13.594783 		 Investor Loss Amount Distributed to Investors				0.641672 		 Accelerated Principal Distribution Amount				0.035591 		 Credit Enhancement Draw Amount					0.00 		Total Amount Distributed to Certificateholders (P & I)			18.974273 	B.	INVESTOR CERTIFICATE PRINCIPAL BALANCE 		Beginning Investor Certificate Balance			"409,854,529.48 " Ending Investor Certificate Balance				"402,718,506.58 " 	Beginning Invested Amount					"417,560,627.91 " Ending Invested Amount					"410,442,400.58 " 		Investor Certificateholder Floating Allocation Percentage	97.6217% 		Pool Factor						0.8054370 		Liquidation Loss Amount for Liquidated Loans		"328,652.21 " 		Unreimbursed Liquidation Loss Amount			0.00 	C.	POOL INFORMATION 		Beginning Pool Balance					"427,733,472.98 " 		Ending Pool Balance					"420,607,429.27 " 		Servicing Fee						"178,222.28 " 	D.	INVESTOR CERTIFICATE RATE 		Investor Certificate Rate				6.883750% 		LIBOR Rate						6.623750% 		Maximum Rate						9.695764% 	E.	DELINQUENCY & REO STATUS 		Delinquent 30-59 days 		 No. of Accounts					132 		 Trust Balances					"3,973,525.00 " 		Delinquent 60-89 days 		 No. of Accounts					33 		 Trust Balances					"895,934.00 " 		Delinquent 90+ days 		 No. of Accounts					34 		 Trust Balances					"1,239,389.00 " 		Delinquent 9+ Months 		 No. of Accounts					0 		 Trust Balances					0.00 		REO 		 No. of Accounts					0 		 Trust Balances					0.00 	Statement to Certificateholders (Page 2 of 2) 	Distribution Date:						10/20/00 	"IN WITNESS WHEREOF, the undersigned has caused 	this Certificate to be duly executed and certifies to the 	best of her knowledge and belief that information is true 	and correct this 17th day of October, 2000" 		Bank One, N.A. as Servicer 		 /s/ Tracie Klein 		 ---------------------------- 		 Tracie Klein 		 First Vice President 	Distribution List: 	" Keith Richardson - Bank One, N.A." 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. BANC ONE HELOC TRUST 1999-1 By:	/s/ Keith Richardson Name:	Keith Richardson Dated October 20, 2000