================================================================================


                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549


                               FORM 10-K / A


                     FOR ANNUAL AND TRANSITION REPORTS
                  PURSUANT TO SECTIONS 13 OR 15(d) OF THE
                      SECURITIES EXCHANGE ACT OF 1934

 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                                ACT OF 1934

                For the fiscal year ended December 31, 1999

                      Commission File Number 333-52021
                                             ----------

            Prudential Securities Secured Financing Corporation
           (Exact Name of Registrant as Specified in its Charter)

             Delaware                                   13-3526694
---------------------------------       ---------------------------------------
    (State or Other Jurisdiction           (I.R.S. Employer Identification No.)
  of Incorporation or Organization)



      One New York Plaza
      New York, New York                                            10292
-------------------------------------------------------------------------------
(Address of Principal Executive Offices)                          (Zip Code)


Registrant's Telephone Number, Including Area Code      (212) 778-1000
                                                     ---------------------

Securities registered pursuant to Section 12(b) of the Act:   None.

Securities registered pursuant to Section 12(g) of the Act:   None.

         Indicate by check mark whether the registrant: (1) has filed all
reports required to be files 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 X  No

         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 registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form
10-K or any amendment to this Form 10-K. |X|

                    DOCUMENTS INCORPORATED BY REFERENCE.

      No documents have been incorporated by reference in this Form 10-K.



================================================================================



<PAGE>



                             TABLE OF CONTENTS

                                                                          Page


PART I   .....................................................................1
         Item 1.  Business....................................................1
         Item 2.  Properties..................................................1
         Item 3.  Legal Proceedings...........................................1
         Item 4.  Submission of Matters to a Vote of Security Holders.........1

PART II  .....................................................................1
         Item 5.  Market for Registrant's Common Equity and Related Stockholder
                     Matters..................................................1
         Item 6.  Selected Financial Data.....................................2
         Item 7.  Management's Discussion and Analysis of Financial Condition
                     and Results of Operations................................2
         Item 7A. Quantitative and Qualitative Disclosures About Market
                    Risk......................................................2
         Item 8.  Financial Statements and Supplementary Data.................2
         Item 9.  Changes in and Disagreements With Accountants on Accounting
                     and Financial Disclosure.................................2

PART III .....................................................................2
         Item 10. Directors and Executive Officers of the Registrants.........2
         Item 11. Executive Compensation......................................2
         Item 12. Security Ownership of Certain Beneficial Owners and
                    Management................................................2
         Item 13. Certain Relationships and Related Transactions..............2

PART IV  .....................................................................2
         Item 14. Exhibits, Financial Statement Schedules, and Reports
                     on Form 8-K..............................................2





                                     i

<PAGE>



         In no-action letters issued to a variety of issuers of
asset-backed or pass-through certificates representing ownership interests
in, or of asset-backed notes issued by, trusts established by financial
institutions, whose principal assets are receivables generated under motor
vehicle retail installment sales contracts owned by such institutions and
transferred to such trusts, the Division of Corporation Finance has stated
that it would not raise any objection if the servicer of the trust, on
behalf of the trust, files its Annual Report on Form 10-K in accordance
with a specified format. See e.g., Bay View Auto Trusts (January 15, 1998);
Nissan Auto Receivables 1995-A Grantor Trust (June 28, 1996); CIT Group
Securitization Corp. II (January 25, 1996); AFG Receivables Trust 1995-A
(May 29, 1996); Old Kent Auto Receivables Trust 1995-A (April 11, 1996);
Mercedes-Benz Credit Corp., (January 6, 1995); CIT Group Securitization
Corp. (April 15, 1994); Western Financial Savings Bank, F.S.B. (January 7,
1994); Toyota Motor Credit Corp. (November 11, 1993); Hyundai Motor Finance
Co. (August 20, 1993); World Omni Financial Corp. (March 24, 1993);
American Honda Receivables Corp. (March 12, 1993); and Volvo Auto
Receivables Grantor Trust 1992-B (January 28, 1993).

         The PeopleFirst.com Auto Receivables Owner Trust 1999-1 (the
"Trust") was formed pursuant to a Trust Agreement, dated as of November 1,
1999 (the "Agreement"), between Prudential Securities Secured Financing
Corporation (the "Registrant") and Wilmington Trust Company, as Owner
Trustee. The assets of the Trust include, among other things, receivables
consisting of motor vehicle loans ("Receivables") secured by motor
vehicles, rights to receive certain principal and interest payments with
respect to such Receivables, security interests in the motor vehicles
financed thereby and the proceeds thereof. On November 30, 1999, the Trust
issued $56,000,000 6.415% Class A-1 Asset Backed Notes, $42,000,000 6.685%
Class A-2 Asset Backed Notes and $18,000,000 6.835% Class A-3 Asset Backed
Notes (the "Notes").

         This Annual Report on Form 10-K has been filed in substantially
the form that the Division of Corporate Finance, in the no-action letters
referred to above, has stated that it would not object to.

                                   PART I

Item 1.   Business.

          Omitted.

Item 2.   Properties.

          The assets of the Trust include, among other things, receivables
consisting of motor vehicle loans secured by motor vehicles, rights to
receive certain principal and interest payments with respect to such
Receivables, security interests in the motor vehicles financed thereby, and
the proceeds thereof.

Item 3.   Legal Proceedings.

          None with respect to the Notes or the Trust.

Item 4.   Submission of Matters to a Vote of Security Holders.

          None with respect to the Notes or the Trust.


                                  PART II


Item 5.   Market for Registrant's Common Equity and Related Stockholder
          Matters.

          To the best knowledge of the Registrant, there is no established
public trading market for the Notes.

          A Class A Asset Backed Certificate in the principal amount of
$2,367,346.94 and a Class R Asset Backed Certificate, each representing a
beneficial ownership interest in certain distributions of the Trust (the
"Certificates") were issued to PF Funding II, LLC. All of the Notes are
registered in the name of Cede & Co., as the nominee of The Depository
Trust Company ("DTC").

          The Trust does not pay dividends on the Notes.

Item 6.   Selected Financial Data.

          Omitted.





                                     1

<PAGE>



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

          Omitted.

Item 7A.  Quantitative and Qualitative Disclosures About Market Risk.

          Omitted.

Item 8.   Financial Statements and Supplementary Data.

          Omitted.

Item 9.   Changes in and Disagreements With Accountants on Accounting and
          Financial Disclosure.

          None.

                                  PART III

Item 10.  Directors and Executive Officers of the Registrants.

          Omitted.

Item 11.  Executive Compensation.

          Omitted.

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

          PF Funding II, LLC holds 100% of the Certificates.

Item 13.  Certain Relationships and Related Transactions.

          None.

                                  PART IV

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

          (a)     Listed below are the documents filed as part of this report:

          Annual Statement of Compliance by the Servicer.

          Independent Accountants Report on Servicer's servicing activities.

          (b)     Reports on Form 8-K:


          With respect to the last quarter of 1999, the following Form
          8-K's were filed with the Commission:

          Date                      Items Listed
          ----                      ------------

          January 5, 1999           Monthly Noteholder Statement, with respect
                                    to December 15, 1999 distributions.






                                     2

<PAGE>


                                 SIGNATURES

         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.


                      PRUDENTIAL SECURITIES SECURED FINANCING CORPORATION
                                 (Registrant)




Dated: August 18, 2000                By: /s/ Evan J. Mitnick
                                         -----------------------------------
                                      Name:  Evan J. Mitnick
                                      Title: Vice President - Asset Backed

                                             Finance Group

















                                         3