ITEM 1. BUSINESS
This Annual Report on Form 10-K relates to the Trust Fund formed, and the Issuer in Respect of Commercial Mortgage Pass-Through Certificates Series 1998-2 issued, pursuant to a Pooling and Servicing Agreement, dated as of June 1, 1998 (the "Pooling and Servicing Agreement"), by and among ABN AMRO Mortgage Corporation as sponsor, LaSalle Home Mortgage Coprporation, as Servicer and special servicer, LaSalle National Bank, as Trustee, and ABN AMRO Bank N.V., as fiscal agent. The Class IA-1, Class IA-2, Class IA-3, Class IA-4, Class IA-5, Class IA-6, Class IA-7, Class IA-8, Class IA-9, Class IA-10 Class IA-11, Class IA-12, Class IA-13, Class IA-14, Class IIA-1, Class IIA-X, Class IIA-P, Class M, Class B-1, Class B-2, Class R Certificates have been registered pursuant to the Act under a Registration Statement on Form S-3 (the "Registration Statement").
Capitalized terms used herein and not defined have the same meanings ascribed to such terms in the Pooling and Servicing Agreement.
This Annual Report is being filed by the Trustee, in its capacity as such under the Pooling and Servicing Agreement, on behalf of Registrant. The information contained herein has been supplied to the Trustee by one or more of the Borrowers or other third parties without independent review or investigation by the Trustee. Pursuant to the Pooling and Servicing Agreement, the Trustee is not responsible for the accuracy or completeness of such information.
ITEM 2.
ITEM 2. PROPERTIES
See Exhibits 99.1 and 99.2 hereto for Servicer's Annual Statement of Compliance and Servicer s Independent Accountant's Report on Servicer's servicing activities.
ITEM 3.
ITEM 3. LEGAL PROCEEDINGS
Except for claims arising in the ordinary course of business and which are covered by liability insurance, there are no material pending legal proceedings involving the Trust Fund, the Mortgages comprising the Trust Fund or the Trustee, the Special Servicer or the Servicer with respect to or affecting their respective duties under the Pooling and Servicing Agreement.
ITEM 4.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
No matters were submitted to a vote of Certificateholders during the fiscal year covered by this report.
PART II
ITEM 5.
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
There was one registered holder of the Certificate representing an equity interest in the Trust as of December 31, 1997. To the Registrant's knowledge, as of that date, there was no principal market in which the Certificates representing an equity interest in the Trust were traded.
ITEM 6.
ITEM 6. SELECTED FINANCIAL DATA
Not applicable.
ITEM 7.
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF A FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
Not applicable.
ITEM 8.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Not applicable.
ITEM 9.
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
None.
PART III
The information required by Items 10, 11, 12 and 13 is not applicable as the trust fund does not have directors or officers and Certificateholders have no right to vote (except with respect to required consents to certain amendments to the Pooling and Servicing Agreement and upon certain events of default) or control the Trust Fund.
PART IV
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K
(a) 1. Servicer's Annual Statement of Compliance for the period ended 12/31/98. 2. Servicer's Independent Accountant's Report on Servicer's servicing activities.
(b) All current Reports on Form 8-K for the Trust have been filed as of 12/31/98.
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its by the undersigned thereunto duly authorized.
LASALLE NATIONAL BANK, IN ITS CAPACITY AS TRUSTEE UNDER THE POOLING AND SERVICING AGREEMENT ON BEHALF OF ABN AMRO Mortgage Corporation REGISTRANT
By: /s/ Russell Goldenberg Name: Russell Goldenberg Title: Senior Vice President Dated: March 30, 1999
EXHIBIT INDEX
Exhibit No. Description
99.1 Servicer's Annual Statement of Compliance 99.2 Servicer's Independent Accountants' Report on Servicer's servicing activities
Exhibit 99.1
LaSalle LaSalle Bank FSB 4242 North Harlem Avenue Norridge, Illinois 60634-1283 (708) 456-0400
CERTIFICATE OF COMPLIANCE
The undersigned, an officer of LaSalle Home Mortgage Corporation, (the "participant"), hereby certifies as follows:
1. I have made, or caused to be made under my supervision, a review of the activities of LaSalle Home Mortgage Corp. during the preceding calendar year ending December 31, 1998, with respect to performance under the
and
2. To the best of my knowledge, based on such review, there 	is as of this date, no default by LaSalle Home in the fulfillment of any of it's obligations under this issue.
In witness whereof the undersigned has this Certificate of Compliance this 1st day of March, 1999
LaSalle Bank, FSB
By: /s/ Renee' B. Dettman Loan Servicing Officer
Exhibit 99.2
ERNST& YOUNG LLP	 Sears Tower	 Phone: 312 879 2000 233 South Wacker Drive Chicago, Illinois 60606-6301
Report of Independent Auditors on Agreements with Chase Bank of Texas, National Association
Board of Directors ABN AMRO North America, Inc.
We have audited, in accordance with generally accepted auditing standards, the consolidated statement of financial condition of ABN AMRO North America, Inc., parent company of LaSalle Home Mortgage Corporation (LHMC), as of December 31, 1998, and the related consolidated statement of income, stockholders' equity, and cash flows for the year when ended, and have issued our report thereon dated January 25, 1999.
In connection with our audit of the consolidated financial statements referred to above, nothing came to our attention that caused us to believe that LHMC failed to comply with the terms, covenants, provisions, or conditions of the agreements between LHMC and Chase Bank of Texas, National Association (Trustee), as listed for each series of certificates described in the accompanying schedule, insofar as they relate to accounting matters. Our examination was made in accordance with standards established by the American Institute of Certified Public Accountants and, accordingly, included such procedures as we considered necessary in the circumstances. In addition, our examination was made in accordance with the requirements of the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers.
This report is intended solely for the use of the board of directors, management, and the Trustee and should not be used for any other purpose. However, this report may became a matter of public record as result of being included as an exhibit to certain form 10-Ks that are filed with the Securities and Exchange Commission on behalf of the trusts that are established in connection with the series of certificates listed on the accompanying schedule.
By: /s/ Ernst & Young LLP
January 25, 1999
Ernst & Young LLP is a member of Ernst & Young International, Ltd.
Schedule of Agreements with Chase Bank of Texas, National Association
Pooling and Servicing Agreement, ABN AMRO Mortgage Corporation, Mortgage Pass-Through Certificates, Series 1998-1, Cut-Off Date: March 1, 1998, Section 3.12
Pooling and Servicing Agreement, ABN AMRO Mortgage Corporation, Mortgage Pass-Through Certificates, Series 1998-2, Cut-Off Date: June 1, 1998, Section 3.12
Pooling and Servicing Agreement, ABN AMRO Mortgage Corporation, Mortgage Pass-Through Certificates, Series 1998-3, Cut-Off Date: August 1, 1998, Section 3.12
Pooling and Servicing Agreement, ABN AMRO Mortgage Corporation, Mortgage Pass-Through Certificates, Series 1998-4, Cut-Off Date: October 1, 1998, Section 3.12
Pooling and Servicing Agreement, ABN AMRO Mortgage Corporation, Mortgage Pass-Through Certificates, Series 1998-5, Cut-Off Date: December 1, 1998, Section 3.12
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K
(a) 1. Servicer's Annual Statement of Compliance for the period ended 12/31/98. 2. Servicer's Independent Accountant's Report on Servicer's servicing activities.
(b) All current Reports on Form 8-K for the Trust have been filed as of 12/31/98.
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its by the undersigned thereunto duly authorized.
LASALLE NATIONAL BANK, IN ITS CAPACITY AS TRUSTEE UNDER THE POOLING AND SERVICING AGREEMENT ON BEHALF OF ABN AMRO Mortgage Corporation REGISTRANT
By: /s/ Russell Goldenberg Name: Russell Goldenberg Title: Senior Vice President Dated: March 30, 1999
EXHIBIT INDEX
Exhibit No. Description
99.1 Servicer's Annual Statement of Compliance 99.2 Servicer's Independent Accountants' Report on Servicer's servicing activities
Exhibit 99.1
LaSalle LaSalle Bank FSB 4242 North Harlem Avenue Norridge, Illinois 60634-1283 (708) 456-0400
CERTIFICATE OF COMPLIANCE
The undersigned, an officer of LaSalle Home Mortgage Corporation, (the "participant"), hereby certifies as follows:
1. I have made, or caused to be made under my supervision, a review of the activities of LaSalle Home Mortgage Corp. during the preceding calendar year ending December 31, 1998, with respect to performance under the
and
2. To the best of my knowledge, based on such review, there 	is as of this date, no default by LaSalle Home in the fulfillment of any of it's obligations under this issue.
In witness whereof the undersigned has this Certificate of Compliance this 1st day of March, 1999
LaSalle Bank, FSB
By: /s/ Renee' B. Dettman Loan Servicing Officer
Exhibit 99.2
ERNST& YOUNG LLP	 Sears Tower	 Phone: 312 879 2000 233 South Wacker Drive Chicago, Illinois 60606-6301
Report of Independent Auditors on Agreements with Chase Bank of Texas, National Association
Board of Directors ABN AMRO North America, Inc.
We have audited, in accordance with generally accepted auditing standards, the consolidated statement of financial condition of ABN AMRO North America, Inc., parent company of LaSalle Home Mortgage Corporation (LHMC), as of December 31, 1998, and the related consolidated statement of income, stockholders' equity, and cash flows for the year when ended, and have issued our report thereon dated January 25, 1999.
In connection with our audit of the consolidated financial statements referred to above, nothing came to our attention that caused us to believe that LHMC failed to comply with the terms, covenants, provisions, or conditions of the agreements between LHMC and Chase Bank of Texas, National Association (Trustee), as listed for each series of certificates described in the accompanying schedule, insofar as they relate to accounting matters. Our examination was made in accordance with standards established by the American Institute of Certified Public Accountants and, accordingly, included such procedures as we considered necessary in the circumstances. In addition, our examination was made in accordance with the requirements of the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers.
This report is intended solely for the use of the board of directors, management, and the Trustee and should not be used for any other purpose. However, this report may became a matter of public record as result of being included as an exhibit to certain form 10-Ks that are filed with the Securities and Exchange Commission on behalf of the trusts that are established in connection with the series of certificates listed on the accompanying schedule.
By: /s/ Ernst & Young LLP
January 25, 1999
Ernst & Young LLP is a member of Ernst & Young International, Ltd.
Schedule of Agreements with Chase Bank of Texas, National Association
Pooling and Servicing Agreement, ABN AMRO Mortgage Corporation, Mortgage Pass-Through Certificates, Series 1998-1, Cut-Off Date: March 1, 1998, Section 3.12
Pooling and Servicing Agreement, ABN AMRO Mortgage Corporation, Mortgage Pass-Through Certificates, Series 1998-2, Cut-Off Date: June 1, 1998, Section 3.12
Pooling and Servicing Agreement, ABN AMRO Mortgage Corporation, Mortgage Pass-Through Certificates, Series 1998-3, Cut-Off Date: August 1, 1998, Section 3.12
Pooling and Servicing Agreement, ABN AMRO Mortgage Corporation, Mortgage Pass-Through Certificates, Series 1998-4, Cut-Off Date: October 1, 1998, Section 3.12
Pooling and Servicing Agreement, ABN AMRO Mortgage Corporation, Mortgage Pass-Through Certificates, Series 1998-5, Cut-Off Date: December 1, 1998, Section 3.12