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): December 28, 1998 THE PROVIDENT BANK (as depositor under the Pooling and Servicing Agreement, dated as of June 1, 1997, which forms Provident Bank Home Equity Loan Trust 1997-2, which will issue the Provident Bank Home Equity Loan Trust 1997-2, Home Equity Loan Asset-Backed Certificates, Series 1997-2) THE PROVIDENT BANK (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-18897 31-0412725 (Commission File Number) (I.R.S. Employer Identification No.) ONE EAST FOURTH STREET CINCINNATI, OHIO 45202 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (513) 579-2000 ITEM 5. Other Events Attached hereto are copies of the Monthly Remittance Statements to the Certificateholders which were derived from the monthly information submitted by the Master Servicer of the Trust to the Trustee. ITEM 7. Financial Statement and Exhibits Exhibits: (as noted in Item 5 above) Monthly Remittance Statement to the Certificateholders dated as of December 28, 1998. Monthly Remittance Statement to the Certificateholders dated as of January 25, 1999. 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, hereunto duly authorized. Bankers Trust Company of California, N.A., not in its individual capacity, but solely as a duly authorized agent of the Registrant pursuant to the Pooling and Servicing Agreement, dated as of June 1, 1997. Date: January 29, 1999 By: /s/ Judy L. Gomez Judy L. Gomez Assistant Vice President EXHIBIT INDEX Document Monthly Remittance Statement to the Certificateholders dated as of December 28, 1998. Monthly Remittance Statement to the Certificateholders dated as of January 25, 1999. PROVIDENT BANK HOME EQUITY LOAN TRUST SERIES 1997-2 Statement To Certificateholders DISTRIBUTIONS IN DOLLARS PRIOR > CURRENT ORIGINAL PRINCIPAL > REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL > TOTAL LOSSES INTEREST BALANCE A1 27,881,000.00 874,185.64 4,844.45 874,185.64 >879,030.09 0.00 0.00 0.00 A2 19,753,000.00 19,753,000.00 110,781.41 640,313.59 >751,095.00 0.00 0.00 19,112,686.41 A3 10,296,000.00 10,296,000.00 60,317.40 0.00 > 60,317.40 0.00 0.00 10,296,000.00 A4 12,070,000.00 12,070,000.00 74,129.92 0.00 > 74,129.92 0.00 0.00 12,070,000.00 A5 159,000,000.00 93,416,085.03 451,477.91 3,423,093.51 3, >874,571.42 0.00 0.00 89,992,991.52 R 0.00 0.00 0.00 0.00 > 0.00 0.00 0.00 0.00 TOTALS 229,000,000.00 136,409,270.67 701,551.09 4,937,592.74 5, >639,143.83 0.00 0.00 131,471,677.93 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE > PASS-THROUGH PRIOR > CURRENT RATES PRINCIPAL > PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL > TOTAL BALANCE CURRENT NEXT A1 743844AG7 31.354171 0.173755 31.354171 > 31.527925 0.000000 6.650000% 6.650000% A2 743844AH5 1,000.000000 5.608333 32.416017 > 38.024350 967.583983 6.730000% 6.730000% A3 743844AJ1 1,000.000000 5.858333 0.000000 > 5.858333 1,000.000000 7.030000% 7.030000% A4 743844AK8 1,000.000000 6.141667 0.000000 > 6.141667 1,000.000000 7.370000% 7.370000% A5 743844AL6 587.522547 2.839484 21.528890 > 24.368374 565.993657 5.272340% 5.854380% R 0.000000 0.000000 0.000000 > 0.000000 0.000000 0.000000% 0.000000% SELLER: Provident Bank ADMI >NISTRATOR: Alan Sueda SERVICER: Provident Bank > Bankers Trust Company LEAD UNDERWRITER: Lehman Brothers > 3 Park Plaza RECORD DATE: November 30, 1998 > Irvine, CA 92714 DISTRIBUTION DATE: December 28, 1998 > FACTOR INFORMATION(800) 735-7777 Page 1 of 3 > (c) COPYRIGHT 1998 Bankers Trust Company PROVIDENT BANK HOME EQUITY LOAN TRUST SERIES 1997-2 Statement To Certificateholders Distribution Date: December 28, 1998 DELINQUENT AND > LOANS LOANS LOANS FORECLOSURE LOAN 30 TO 59 60 TO 89 >90 PLUS IN IN IN INFORMATION DAYS DAYS > DAYS FORECLOSURE REO BANKRUPTCY GROUP 1 PRINCIPAL BALANCE 1,419,133.00 293,168.00 5, >361,381.00 2,968,595.00 751,229.00 1,820,177.00 PERCENTAGE OF POOL BALANCE 3.2646% 0.6744% > 12.3333% 6.8289% 1.7281% 4.1871% NUMBER OF LOANS 34 6 > 80 47 14 22 PERCENTAGE OF LOANS 3.9171% 0.6912% > 9.2166% 5.4147% 1.6129% 2.5346% GROUP 2 PRINCIPAL BALANCE 5,122,478.00 2,732,429.00 13, >749,151.00 7,120,804.00 4,178,671.00 3,719,007.00 PERCENTAGE OF POOL BALANCE 5.1276% 2.7352% > 13.7630% 7.1280% 4.1829% 3.7228% NUMBER OF LOANS 49 23 > 138 71 37 39 PERCENTAGE OF LOANS 4.5752% 2.1475% > 12.8852% 6.6293% 3.4547% 3.6415% Note: Quantity and Principal Balance of Foreclosures, Bankruptcies, & REOs are > Included in the Delinquency Figures. > GROUP 1 GROUP 2 BOOK VALUE OF LOANS IN REO: > 868,938.00 4,807,956.00 NUMBER OF LOANS IN BANKRUPTCY PROCEEDINGS LESS THAN 30 DAYS DELINQUENT > 10 7 PRINCIPAL BALANCE OF LOANS IN BANKRUPTCY PROCEEDINGS LESS THAN 30 DAYS DELINQUE >NT 530,144.00 546,921.00 WEIGHTED AVERAGE MORTGAGE INTEREST RATE: > 11.404551% 10.824235% WEIGHTED AVERAGE REMAINING TERM TO MATURITY > 195 341 PRIOR NUMBER OF MORTGAGE LOANS INCLUDED IN THE POOL > 894 1,106 CURRENT NUMBER OF MORTGAGE LOANS INCLUDED IN THE POOL > 868 1,071 PRIOR AGGREGATE PRINCIPAL BALANCE OF THE MORTGAGE LOANS > 44,854,945.21 102,983,976.38 CURRENT AGGREGATE PRINCIPAL BALANCE OF THE MORTGAGE LOANS > 43,470,923.67 99,899,222.24 POOL FACTOR OF LOAN GROUPS > 62.066725% 62.809144% NUMBER OF LOANS SUBJECT TO PRINCIPAL PREPAYMENTS > 26 35 SCHEDULED PRINCIPAL RECEIVED > 60,939.33 44,840.32 CURTAILMENTS > (3,053.12) (3,901.53) PREPAYMENTS IN FULL > 1,282,177.00 2,786,757.56 LIQUIDATIONS > 43,958.33 257,057.79 INSURANCE PRINCIPAL PROCEEDS > 0.00 0.00 REPURCHASED PRINCIPAL AMOUNTS > 0.00 0.00 TOTAL PRINCIPAL: > 1,384,021.54 3,084,754.14 TOTAL PRINCIPAL RECEIVED NET OF REALIZED LOSSES: > 1,363,775.60 3,003,031.85 SERVICER ADVANCES: > 67,228.02 193,589.26 CUM NET FUNDS CAP CARRYOVER AMOUNT WITH RESPECT TO A-5 CERTIFICATES > 0.00 Page 2 of 3 > (c) COPYRIGHT 1998 Bankers Trust Company PROVIDENT BANK HOME EQUITY LOAN TRUST SERIES 1997-2 Statement To Certificateholders Distribution Date: December 28, 1998 > GROUP 1 GROUP 2 SCHEDULED INTEREST > 425,867.17 926,567.05 LIQUIDATION INTEREST > 424.93 2,368.57 REPURCHASE INTEREST > 0.00 0.00 STOP ADVANCE INTEREST > (341.24) (393.91) ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: > 18,689.56 42,909.99 TOTAL SERVICING FEES DUE MASTER SERVICER: > 18,689.56 42,909.99 LESS: COMPENSATING INTEREST > 0.00 0.00 LESS: DELINQUENT SERVICE FEES: > (2,947.76) (9,002.53) COLLECTED SERVICING FEES FOR CURRENT PERIOD: > 15,741.80 33,907.46 AMOUNTS PAID TO CERTIFICATE INSURER PURSUANT SECT 5.01 (a)(i)(4) AND 5.01 (a)(i >i)(4) 0.00 0.00 REIMBURSEMENT AMOUNT > 0.00 0.00 PREMIUM AMOUNT PAID > 6,090.70 13,233.95 PER $1,000 OF ORIGINAL AMOUNT > 0.08696153 0.08320516 REIMBURSEMENTS TO MASTER SERVICER PURSUANT TO SECT 3.03 > 0.00 0.00 INSURED PAYMENTS > 0.00 0.00 PER $1,000 OF ORIGINAL AMOUNT > 0.00000000 0.00000000 TOTAL PRINCIPAL COLLECTED > 1,363,775.60 3,003,031.85 TOTAL INTEREST COLLECTED > 407,261.30 885,631.72 TOTAL AVAILABLE FUNDS FOR DISTRIBUTION > 1,771,036.90 3,888,663.57 O/C AMOUNT BEGINNING > 1,861,759.57 9,567,891.35 O/C AMOUNT ENDING > 1,992,237.26 9,906,230.72 O/C REDUCTION AMOUNT > 0.00 0.00 EXCESS O/C AMOUNT > 0.00 0.00 SPECIFIED O/C AMOUNT > 4,243,785.32 10,985,773.72 EXCESS SPREAD > 130,477.69 338,339.37 NET LIQUIDATION PROCEEDS > 23,712.39 175,335.50 OUTSTANDING CLASS INTEREST CARRYOVER SHORTFALL > 0.00 0.00 OUTSTANDING CLASS A PRINCIPAL SHORTFALL AMOUNT > 0.00 0.00 CURRENT NONRECOVERABLE ADVANCES > 0.00 0.00 CUMULATIVE NONRECOVERABLE ADVANCES > 7,101.36 0.00 CURRENT NET LOSSES > 20,245.94 81,722.29 CUMULATIVE NET LOSSES > 72,465.29 327,080.94 DELINQUENCY LOSS FACTOR > 2,520,981.75 7,050,273.55 TOTAL EXPECTED LOSSES > 2,593,447.04 7,377,354.49 Page 3 of 3 > (c) COPYRIGHT 1998 Bankers Trust Company PROVIDENT BANK HOME EQUITY LOAN TRUST SERIES 1997-2 Trustee Remittence Report Distribution Date: December 28, 1998 > GROUP 1 GROUP 2 SCHEDULED INTEREST > 425,867.17 926,567.05 LIQUIDATION INTEREST > 424.93 2,368.57 STOP ADVANCE INTEREST > (341.24) (393.91) COMPENSATING INTEREST > 0.00 0.00 REIMBURSEMENTS TO MASTER SERVICER PURSUANT TO SECT 3.03 > 0.00 0.00 INSURED PAYMENTS > 0.00 0.00 PER $1,000 OF ORIGINAL AMOUNT > 0.00000000 0.00000000 TOTAL PRINCIPAL COLLECTED > 1,363,775.60 3,003,031.85 TOTAL INTEREST COLLECTED > 407,261.30 885,631.72 TOTAL AVAILABLE FUNDS FOR DISTRIBUTION > 1,771,036.90 3,888,663.57 O/C AMOUNT > 1,861,759.57 9,567,891.35 O/C REDUCTION AMOUNT > 0.00 0.00 EXCESS O/C AMOUNT > 0.00 0.00 SPECIFIED O/C AMOUNT > 4,243,785.32 10,985,773.72 EXCESS SPREAD > 130,477.69 338,339.37 DISTRIBUTABLE EXCESS SPREAD DISTRIBUTED TO CLASS A > 0.00 0.00 NET LIQUIDATION PROCEEDS > 23,712.39 175,335.50 OUTSTANDING CLASS INTEREST CARRYOVER SHORTFALL > 0.00 0.00 OUTSTANDING CLASS A PRINCIPAL SHORTFALL AMOUNT > 0.00 0.00 CUMULATIVE NET LOSSES > 72,465.29 327,080.94 DELINQUENCY LOSS FACTOR > 2,520,981.75 7,050,273.55 TOTAL EXPECTED LOSSES > 2,593,447.04 7,377,354.49 Page 3 of 3 > (c) COPYRIGHT 1998 Bankers Trust Company PROVIDENT BANK HOME EQUITY LOAN TRUST SERIES 1997-2 Statement To Certificateholders DISTRIBUTIONS IN DOLLARS PRIOR > CURRENT ORIGINAL PRINCIPAL > REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL > TOTAL LOSSES INTEREST BALANCE A1 27,881,000.00 0.00 0.00 0.00 > 0.00 0.00 0.00 0.00 A2 19,753,000.00 19,112,686.41 107,190.32 1,317,190.74 1, >424,381.06 0.00 0.00 17,795,495.67 A3 10,296,000.00 10,296,000.00 60,317.40 0.00 > 60,317.40 0.00 0.00 10,296,000.00 A4 12,070,000.00 12,070,000.00 74,129.92 0.00 > 74,129.92 0.00 0.00 12,070,000.00 A5 159,000,000.00 89,992,991.52 409,774.69 5,329,807.71 5, >739,582.40 0.00 0.00 84,663,183.81 R 0.00 0.00 0.00 0.00 > 0.00 0.00 0.00 0.00 TOTALS 229,000,000.00 131,471,677.93 651,412.33 6,646,998.45 7, >298,410.78 0.00 0.00 124,824,679.48 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE > PASS-THROUGH PRIOR > CURRENT RATES PRINCIPAL > PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL > TOTAL BALANCE CURRENT NEXT A1 743844AG7 0.000000 0.000000 0.000000 > 0.000000 0.000000 6.650000% 6.650000% A2 743844AH5 967.583983 5.426534 66.683073 > 72.109607 900.900910 6.730000% 6.730000% A3 743844AJ1 1,000.000000 5.858333 0.000000 > 5.858333 1,000.000000 7.030000% 7.030000% A4 743844AK8 1,000.000000 6.141667 0.000000 > 6.141667 1,000.000000 7.370000% 7.370000% A5 743844AL6 565.993657 2.577199 33.520803 > 36.098003 532.472854 5.854380% 5.169690% R 0.000000 0.000000 0.000000 > 0.000000 0.000000 0.000000% 0.000000% SELLER: Provident Bank ADMI >NISTRATOR: Alan Sueda SERVICER: Provident Bank > Bankers Trust Company LEAD UNDERWRITER: Lehman Brothers > 3 Park Plaza RECORD DATE: December 31, 1998 > Irvine, CA 92714 DISTRIBUTION DATE: January 25, 1999 > FACTOR INFORMATION(800) 735-7777 Page 1 of 3 > (c) COPYRIGHT 1999 Bankers Trust Company PROVIDENT BANK HOME EQUITY LOAN TRUST SERIES 1997-2 Statement To Certificateholders Distribution Date: January 25, 1999 DELINQUENT AND > LOANS LOANS LOANS FORECLOSURE LOAN 30 TO 59 60 TO 89 >90 PLUS IN IN IN INFORMATION DAYS DAYS > DAYS FORECLOSURE REO BANKRUPTCY GROUP 1 PRINCIPAL BALANCE 2,036,053.00 196,611.00 5, >376,453.00 2,873,125.00 1,141,537.00 1,576,380.00 PERCENTAGE OF POOL BALANCE 4.8165% 0.4651% > 12.7185% 6.7966% 2.7004% 3.7291% NUMBER OF LOANS 37 6 > 78 41 17 26 PERCENTAGE OF LOANS 4.3891% 0.7117% > 9.2527% 4.8636% 2.0166% 3.0842% GROUP 2 PRINCIPAL BALANCE 4,847,814.00 1,421,550.00 13, >077,827.00 5,086,741.00 4,246,662.00 4,297,869.00 PERCENTAGE OF POOL BALANCE 5.1195% 1.5012% > 13.8108% 5.3718% 4.4847% 4.5388% NUMBER OF LOANS 49 17 > 136 58 38 44 PERCENTAGE OF LOANS 4.7992% 1.6650% > 13.3203% 5.6807% 3.7218% 4.3095% Note: Quantity and Principal Balance of Foreclosures, Bankruptcies, & REOs are > Included in the Delinquency Figures. > GROUP 1 GROUP 2 BOOK VALUE OF LOANS IN REO: > 1,325,436.00 4,892,489.00 NUMBER OF LOANS IN BANKRUPTCY PROCEEDINGS LESS THAN 30 DAYS DELINQUENT > 10 9 PRINCIPAL BALANCE OF LOANS IN BANKRUPTCY PROCEEDINGS LESS THAN 30 DAYS DELINQUE >NT 550,468.00 717,691.00 WEIGHTED AVERAGE MORTGAGE INTEREST RATE: > 11.401587% 10.812637% WEIGHTED AVERAGE REMAINING TERM TO MATURITY > 194 340 PRIOR NUMBER OF MORTGAGE LOANS INCLUDED IN THE POOL > 868 1,071 CURRENT NUMBER OF MORTGAGE LOANS INCLUDED IN THE POOL > 843 1,021 PRIOR AGGREGATE PRINCIPAL BALANCE OF THE MORTGAGE LOANS > 43,470,923.67 99,899,222.24 CURRENT AGGREGATE PRINCIPAL BALANCE OF THE MORTGAGE LOANS > 42,272,688.42 94,692,764.29 POOL FACTOR OF LOAN GROUPS > 60.355914% 59.535713% NUMBER OF LOANS SUBJECT TO PRINCIPAL PREPAYMENTS > 25 50 SCHEDULED PRINCIPAL RECEIVED > 59,576.58 43,043.53 CURTAILMENTS > (413.16) (1,817.22) PREPAYMENTS IN FULL > 1,042,046.98 4,645,220.64 LIQUIDATIONS > 97,024.85 520,011.00 INSURANCE PRINCIPAL PROCEEDS > 0.00 0.00 REPURCHASED PRINCIPAL AMOUNTS > 0.00 0.00 TOTAL PRINCIPAL: > 1,198,235.25 5,206,457.95 TOTAL PRINCIPAL RECEIVED NET OF REALIZED LOSSES: > 1,170,489.64 4,895,037.43 SERVICER ADVANCES: > 71,880.69 173,208.82 CUM NET FUNDS CAP CARRYOVER AMOUNT WITH RESPECT TO A-5 CERTIFICATES > 0.00 Page 2 of 3 > (c) COPYRIGHT 1999 Bankers Trust Company PROVIDENT BANK HOME EQUITY LOAN TRUST SERIES 1997-2 Statement To Certificateholders Distribution Date: January 25, 1999 > GROUP 1 GROUP 2 SCHEDULED INTEREST > 412,121.84 895,538.91 LIQUIDATION INTEREST > 909.44 4,606.15 REPURCHASE INTEREST > 0.00 0.00 STOP ADVANCE INTEREST > (341.24) (393.91) ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: > 18,112.88 41,624.68 TOTAL SERVICING FEES DUE MASTER SERVICER: > 18,112.88 41,624.68 LESS: COMPENSATING INTEREST > 0.00 0.00 LESS: DELINQUENT SERVICE FEES: > (3,170.71) (8,062.16) COLLECTED SERVICING FEES FOR CURRENT PERIOD: > 14,942.17 33,562.52 AMOUNTS PAID TO CERTIFICATE INSURER PURSUANT SECT 5.01 (a)(i)(4) AND 5.01 (a)(i >i)(4) 0.00 0.00 REIMBURSEMENT AMOUNT > 0.00 0.00 PREMIUM AMOUNT PAID > 5,876.15 12,749.01 PER $1,000 OF ORIGINAL AMOUNT > 0.08389824 0.08015622 REIMBURSEMENTS TO MASTER SERVICER PURSUANT TO SECT 3.03 > 0.00 0.00 INSURED PAYMENTS > 0.00 0.00 PER $1,000 OF ORIGINAL AMOUNT > 0.00000000 0.00000000 TOTAL PRINCIPAL COLLECTED > 1,170,489.64 4,895,037.43 TOTAL INTEREST COLLECTED > 394,577.15 858,126.47 TOTAL AVAILABLE FUNDS FOR DISTRIBUTION > 1,565,066.79 5,753,163.90 O/C AMOUNT BEGINNING > 1,992,237.26 9,906,230.72 O/C AMOUNT ENDING > 2,111,192.75 10,029,580.48 O/C REDUCTION AMOUNT > 0.00 0.00 EXCESS O/C AMOUNT > 0.00 0.00 SPECIFIED O/C AMOUNT > 4,071,676.15 11,047,790.78 EXCESS SPREAD > 118,955.49 123,349.76 NET LIQUIDATION PROCEEDS > 69,279.24 208,590.48 OUTSTANDING CLASS INTEREST CARRYOVER SHORTFALL > 0.00 0.00 OUTSTANDING CLASS A PRINCIPAL SHORTFALL AMOUNT > 0.00 0.00 CURRENT NONRECOVERABLE ADVANCES > 0.00 0.00 CUMULATIVE NONRECOVERABLE ADVANCES > 7,101.36 0.00 CURRENT NET LOSSES > 27,745.61 311,420.52 CUMULATIVE NET LOSSES > 100,210.90 638,501.46 DELINQUENCY LOSS FACTOR > 2,573,021.85 6,450,238.87 TOTAL EXPECTED LOSSES > 2,673,232.75 7,088,740.33 Page 3 of 3 > (c) COPYRIGHT 1999 Bankers Trust Company PROVIDENT BANK HOME EQUITY LOAN TRUST SERIES 1997-2 Trustee Remittence Report Distribution Date: January 25, 1999 > GROUP 1 GROUP 2 SCHEDULED INTEREST > 412,121.84 895,538.91 LIQUIDATION INTEREST > 909.44 4,606.15 STOP ADVANCE INTEREST > (341.24) (393.91) COMPENSATING INTEREST > 0.00 0.00 REIMBURSEMENTS TO MASTER SERVICER PURSUANT TO SECT 3.03 > 0.00 0.00 INSURED PAYMENTS > 0.00 0.00 PER $1,000 OF ORIGINAL AMOUNT > 0.00000000 0.00000000 TOTAL PRINCIPAL COLLECTED > 1,170,489.64 4,895,037.43 TOTAL INTEREST COLLECTED > 394,577.15 858,126.47 TOTAL AVAILABLE FUNDS FOR DISTRIBUTION > 1,565,066.79 5,753,163.90 O/C AMOUNT > 1,992,237.26 9,906,230.72 O/C REDUCTION AMOUNT > 0.00 0.00 EXCESS O/C AMOUNT > 0.00 0.00 SPECIFIED O/C AMOUNT > 4,071,676.15 11,047,790.78 EXCESS SPREAD > 118,955.49 123,349.76 DISTRIBUTABLE EXCESS SPREAD DISTRIBUTED TO CLASS A > 0.00 0.00 NET LIQUIDATION PROCEEDS > 69,279.24 208,590.48 OUTSTANDING CLASS INTEREST CARRYOVER SHORTFALL > 0.00 0.00 OUTSTANDING CLASS A PRINCIPAL SHORTFALL AMOUNT > 0.00 0.00 CUMULATIVE NET LOSSES > 100,210.90 638,501.46 DELINQUENCY LOSS FACTOR > 2,573,021.85 6,450,238.87 TOTAL EXPECTED LOSSES > 2,673,232.75 7,088,740.33 Page 3 of 3 > (c) COPYRIGHT 1999 Bankers Trust Company