UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.  20549

                                    FORM 10-K

                   Annual Report Pursuant to Section 13 or 15(d)
                      of the Securities Exchange Act of 1934

                             For the fiscal year ended
                                 December 31, 1998

                         Commission file number: 333-53933-05

           BANK OF AMERICA MORTGAGE SECURITIES, INC.
           MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-1 TRUST
            (Exact name of Registrant as specified in its Charter)

                                                       33-0807904
           NEW YORK                                    33-0807905
           (State or other jurisdiction                (I.R.S. Employer
           incorporation or organization)              Identification Number)

           c/o Deutsche Bank National Trust Company
           1761 East St. Andrew Place
           Santa Ana, CA                                92705-4934
           (Address of principal executive offices)    (Zip Code)

            Registrant's telephone number, including area code:
                               (714) 247-6271

          Securities registered pursuant to Section 12(b) of the Act:
                               NOT APPLICABLE.

          Securities registered pursuant to Section 12(g) of the Act:
                               NOT APPLICABLE.

     Indicate by check mark whether the Registrant (1) has filed all reports
     required to be filed by Section 13 or 15(d) of the Securities Exchange Act
     of 1934 during the preceding 12 months (or for such shorter period that
     the Registrant was required to file such reports), and (2) has been
     subject to such filing requirements for the past 90 days.  Yes No X

     Indicate by check mark if disclosure of delinquent filers pursuant to Item
     405 of Regulation S-K is not contained herein, and will not be contained,
     to the best of the Registrant's knowledge, in definitive proxy or
     information statements incorporated by reference in Part III of the Form
     10-K or any amendment to this Form 10-K. NOT APPLICABLE.

     Aggregate market value of voting stock held by non-affiliates of the
     Registrant as of December 31, 1998:  NOT APPLICABLE.

     Number of shares of common stock outstanding as of December 31, 1998:  NOT
     APPLICABLE.

     DOCUMENTS INCORPORATED BY REFERENCE

     Documents in Part I and Part IV incorporated herein by reference are as
     follows:  NOT APPLICABLE.

     PART I

     ITEM 1.  Business.

     The trust fund (the "Trust") was created pursuant to a Pooling and
     Servicing Agreement dated as of April 1, 1998 (the "Pooling and
     Servicing Agreement") among Bank of America Mortgage Securities, Inc.
     (formerly BA Mortgage Securities, Inc.) as the Depositor
     (the "Depositor"), Bank of America, N.A. (formerly known as Bank of
     America National Trust and Savings Association and successor to Bank of
     America, FSB) as Master Servicer (the "Master Servicer"), and Deutsche
     Bank National Trust Company (as successor to Bankers Trust Company of
     California, N.A.), as trustee (the "Trustee), providing for the
     issuance of the Mortgage Pass-Through Certificates, Series 1998-1).

     Information with respect to the business of the Trust would not be
     meaningful because the only "business" of the Trust is the collection on
     the Mortgage Loans and distribution of payments on the Certificates to
     Certificateholders. This information is accurately summarized in the
     Monthly Reports to Certificateholders, which are attached hereto as Exhibit
     99.1.

     ITEM 2.  Properties.

     NOT APPLICABLE

     ITEM 3.  Legal Proceedings.

     None.

     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.  Market for Registrant's Common Equity and Related Stockholder
     Matters.

     The number of registered holders of all classes of
     Certificates on December 31, 1998 were as following:
     Class IA-1: 1
     Class IA-2: 1
     Class IA-3: 1
     Class IA-4: 1
     Class IA-5: 1
     Class IA-6: 1
     Class I-X:  1
     Class I-PO: 1
     Class IIA-1: 1
     Class IIA-2: 1
     Class IIA-3: 1
     Class IIA-4: 1
     Class IIA-5: 1
     Class II-X: 1
     Class II-PO: 1
     Class M: 1
     Class B-1: 1
     Class B-2: 1
     Class R-I: 2
     Class R-II: 2
     Class B-3: 1
     Class B-4: 1
     Class B-5: 1

     ITEM 6.  Selected Financial Data.

     Not Applicable.  Because of the limited activities of the Trust, the
     Selected Financial Data required by Item 301 of Regulation S-K does not
     add relevant information to that provided by the Monthly Reports to
     Certificateholders.

     ITEM 7.  Management's Discussion and Analysis of Financial Condition and
     Results of Operations.

     Not Applicable.  The information required by Item 303 of Regulation S-K is
     inapplicable because the Trust does not have management per se, but rather
     the Trust has a Trustee who causes the preparation of the Monthly Reports
     to Certificateholders. The information provided by the Monthly Reports to
     Certificateholders does provide the relevant financial information
     regarding the financial status of the Trust.

     ITEM 8.  Financial Statements and Supplementary Data.

     See Item 14(a), Exhibits 99.1, 99.2, 99.3 and 99.4 for information provided
     in lieu of information required by Item 302 of Regulation S-K.

     ITEM 9.  Changes in and Disagreements with Accountants on Accounting and
     Financial Disclosure.

     None.


     PART III

     ITEM 10.  Directors and Executive Officers of Registrant.

     Not Applicable.

     ITEM 11.  Executive Compensation.

     Not Applicable.

     ITEM 12.  Security Ownership of Certain Beneficial Owners and Management.

     Not Applicable.

     ITEM 13.  Certain Relationships and Related Transactions.

     Not Applicable.


     PART IV

     ITEM 14.  Exhibits, Financial Statement Schedules, and Reports on Form
     8-K.

     (a) EXHIBITS

     (99.1) Monthly Reports to Certificateholders as to distributions made
            during calendar year 1998.

     (99.2) Annual Independent Accountants' Servicing Reports concerning
            servicing activities for the year ended December 31, 1998.

     (99.3) Annual Statements of Compliance under the Pooling and Servicing
            Agreement for the year ended December 31, 1998.

     (99.4) Certification pursuant to Section 302 of the Sarbanes-Oxley Act
            of 2002.

     (b)  Reports on Form 8-K.  None.

     (c)  The exhibits required to be filed by the Trust pursuant to Item
     601 of Regulation S-K are listed above and in the Exhibit Index that
     immediately follows the signature page hereof.

     (d)  Not Applicable.  The Trust does not have any subsidiaries or
      affiliates.  Therefore, no financial statements are filed with respect
      to subsidiaries or affiliates.

     Supplemental information to be furnished with reports filed pursuant to
     Section 15(d) by registrants which have not registered securities
     pursuant to Section 12 of the Act.

     No annual report, proxy statement, form of proxy or other soliciting
     material has been sent to Certificateholders, and the Registrant does not
     contemplate sending any such materials subsequent to the filing of this
     report.


                                     SIGNATURE

          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 behalf by the undersigned,
          thereunto duly authorized.

                             By:  Bank of America Mortgage Securities,
                                  Inc., as Depositor.


                             By:  /s/Judy V. Lowman
                             Judy V. Lowman
                             Vice President

     Date:  November 22, 2002


     EXHIBIT INDEX

     Exhibit Document

     99.1 Monthly Reports to Certificateholders as to distributions made during
          during calendar year 1998.

     99.2 Annual Independent Accountants' Servicing Reports concerning
          servicing activities for the year ended December 31, 1998.

     99.3 Annual Statements of Compliance under the Pooling and Servicing
          Agreement for the year ended December 31, 1998.

     99.4 Certification pursuant to Section 302 of the Sarbanes-Oxley Act
          of 2002.