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: April 27, 1998 ADVANTA Revolving Home Equity Loan Trust 1997-A New York 333-37107 "Pending" c/o ADVANTA Mortgage Corp., USA Attn: William P. Garland 16875 West Bernardo Drive San Diego, Ca 92127 (619) 674-1800 Item 5. Other Events Information relating to the distributions to Certificate holders for the March, 1998 Monthly Period of the Trust in respect of the Home Equity Loan Pass-Through Certificates, Series 1997-A Class A (the "Certificates") issued by the Registrant and the performance of the Trust (including distributions of principal and interest, delinquent balances of Home Equity Loans, and the Subordinated amount remaining), together with certain other information relating to the certificates, is contained in the Monthly Report for the Monthly Period provided to certificateholders pursuant to the Pooling and Servicing Agreement (the "Agreement") dated as of November 1, 1997 between ADVANTA Mortgage Corp., USA as Servicer, and Bankers Trust Company, as Trustee. Item 7. Financial Statements, Exhibits Exhibit No. Exhibit 1. Monthly Report for the March, 1998 Monthly Period relating to the Revolving Home Equity Loan Pass-Through Certificates Series 1997-A, Class A issued by the ADVANTA Revolving Home Equity Loan Trust 1997-A. EXHIBIT INDEX Exhibit 1. Monthly Report for the March, 1998 Monthly Period relating to the Revolving Home Equity Loan Loan Pass-Through Certificates, Series 1997-A, Class A issued by the ADVANTA Revolving Home Equity Loan Trust 1997-A. 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. ADVANTA Revolving Home Equity Loan Trust 1997-A BY: ADVANTA Mortgage Corp., USA BY: /s/ William P. Garland William P. Garland Senior Vice President Loan Service Administration June 23, 1998 EXHIBIT 1 ADVANTA Revolving Home Equity Loan Trust 1997-A Statement to Certificateholders Original Prior Face Principal Class Value Balance Interest Principal Total A-1 100,000,000. 96,325,086 519,8 2,331,131 2,850,986.08 Totals 100,000,000. 96,325,086 519,8 2,331,131 2,850,986.08 Current Pass-Through Realized Deferred Principal Rates Class Losses Interest Balance Current Next A-1 93,993,954 5.887500% 5.862500% Totals 93,993,954.51 Prior Current Principal Principal Class CUSIP Balance Interest Principal Total Balance A-1 00757CAB4 963.250861 5.198545 23.311316 28.5 939.939545 Delinquent Loan Information: 90+ Days Loans Loans 30-59 60-89 excldg f/c,REO in in Days Days & Bkrptcy REO Foreclosure Group 1 Principal Balanc 1,827,66 433,6 334,46 % of Pool Balanc 1.89310% 0.44920% 0.34640% 0.00000% 0.00000% Number of Loans 58 9 9 0 0 Loans in Bankrup Group 1 - Servicing Fee Due and Payable for Period: 41,1 Insurance Premiums Due for Period: 12,0 Indenture Trustee Fee Due for Period: 1,2 Owner Trustee Fee Due for Period: Net Funds Cap Carry-Forward Amount: Unpaid Class A Note Interest Shortfall Amount: The Amount of Insured Payment Made this Period: Total Substitution Amount Total Loan Purchase Price Amount Book Value or REO Properties: The Step-Down Amount The Originator Interest Amount 2,551,020 The Non-Subordinated Originator's Interest Amount Accelerated Principal Payment Overcollateralization Deficit Beginning Pool Balance 98,876,106. Ending Pool Balance 96,544,974. Pre-Funding Account: Beginning Account Balance Withdrawals relating to Subsequent Loans Withdrawals relating to Pre-funding Period Termi Ending Account Balance Interest Earnings Deposited to Certificate Accou Capitalized Interest Account Beginning Account Balance Deposit of Interest Earnings Additional Deposit from Depositor Withdrawal of Capitalized Interest Requirement Ending Account Balance