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                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

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                                   FORM 10-K

                       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)

<TABLE>
<S>                                            <C>
                  Delaware                                      13-3526694
        (State or Other Jurisdiction                         (I.R.S. Employer
      of Incorporation or Organization)                     Identification No.)
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<TABLE>
<S>                                            <C>
             One New York Plaza
             New York, New York                                    10292
  (Address of Principal Executive Offices)                       (Zip Code)
</TABLE>

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 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  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.

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                               TABLE OF CONTENTS

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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
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   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").

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   The Trust does not pay dividends on the Notes.

Item 6. Selected Financial Data.

   Omitted.

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 is not currently
     available and will be subsequently filed with the Commission.

     Independent Accounts Report on Servicer's servicing activities is not
     currently available and will be subsequently filed with the Commission.

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    (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:

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           Date                                   Items Listed
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      <S>                          <C>
      January 5, 1999              Monthly Noteholder Statement, with
                                   respect to December 15, 1999 distributions.
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                                   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)

                                             /s/ P. Carter Rise
                                          By: _________________________________
                                             Name: P. Carter Rise
                                             Title:Vice President/Director

Dated: March 29, 2000

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