Item 1. Business.
Not applicable.
Item 2.
Item 2. Properties.
Not applicable.
Item 3.
Item 3. Legal Proceedings.
Not applicable.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders.
Not applicable.
PART II
Item 5.
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters.
(a) There is no established public trading market for the Certificates.
(b) At December 31, 1998, the number of holders of record of Certificates was as follows:
Certificates Number of Holders of Record ------------- --------------------------- Series FDX 1997-1 Amortizing class 10 Residual class 1
Item 6.
Item 6. Selected Financial Data.
Not applicable.
Item 7.
Item 7. Management's Discussion and Analysis of Financial Conditions and Results of Operations.
Not applicable.
Item 7A.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
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.
Item 10.
Item 10. Directors and Executive Officers of the Registrant.
Not applicable.
Item 11.
Item 11. Executive Compensation
Not applicable.
PART III
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management
Set forth below is certain information with respect to each holder of record for each class of the Series FDX 1997-1 Certificates at December 31, 1998:
Item 13.
Item 13. Certain Relationships and Related Transactions.
None.
PART IV
Item 14.
Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K
1. All Financial Statements. Not applicable.
2. Financial statement schedules required by Item 8 of this Form. Not applicable.
3. See attached Trustee's Distribution Statements for the January 1, 1998 and July 1, 1998 cash distributions. (filed as Exhibit 20).
SIGNATURES
Pursuant to the requirements of Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant in the capacities and on the dates indicated.
Prudential Securities Structured Assets, Inc.
By: /s/ Jeffrey J. Theodorou Date: January 29, 1999 ----------------------------------------- Jeffrey J. Theodorou President
Receipts on Corporate Securities Trust, Series FDX 1997-1
By: Prudential Securities Structured Assets, Inc. Date: January 29, 1999 ------------------------------------------
By: /s/ Jeffrey J. Theodorou Date: January 29, 1999 ------------------------------------------ Jeffrey J. Theodorou President