SECURITIES AND EXCHANGE COMMISSION


                              Washington, D.C.  20549


                                    FORM 10-K/A

[X]   Annual report  pursuant to Section 13 or 15(d) of the Securities  Exchange
      Act of  1934  for  the  period  from  August  31,  1996  (Commencement  of
      Operations) to December 31, 1996

[  ]  Transition  report  pursuant  to Section 13 or 15(d) of the  Securities
      Exchange Act of 1934 for the transition period from   to


Commission File Number - 333-91148

     PRUDENTIAL SECURITIES SECURED FINANCING  CORPORATION,  (as depositor under
     the Pooling and  Servicing  Agreement,  dated as of August 31, 1996,  which
     forms ABFS Mortgage Loan Trust 1996-2,  which issues the ABFS Mortgage Loan
     Trust 1996-2, Mortgage Pass-through Certificates, Series 1996-2).

               PRUDENTIAL SECURITIES SECURED FINANCING CORPORATION
             (Exact name of registrant as specified in its charter)

        Delaware                                                   13-3526694
(State or other jurisdiction of                            (I.R.S.  Employer
incorporation or organization)                            Identification No.)

  One New York Plaza
  New York, New York                                          10292
  (Address of principal executive offices)                  (Zip Code)

Registrant's telephone number, including area code : (212) 214-7435

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]

Page 1 of 8
This report consists of 12 consecutively numbered pages.


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                                AMENDMENT NUMBER
                                     1 OF 1






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      (2) Financial Statement Schedules:

          Omitted.

      (3) Exhibits:

          Related Computational Materical dated September 1996 for ABFS Mortgage
          Loan Trust, Series 1996-2 (incorporated  by reference to Exhibits 1 
          and 2 to Current Report on Form 8-K dated September 1996).

          Annual Statement of Compliance, filed as Exhibit 99.1 hereto.

          Annual Servicing Report, filed as Exhibit 99.2 hereto.

(b)   Reports on Form 8-K:  The following Current Reports on Form 8-K were
      filed by the Registrant.

A Current Report on Form 8-K, dated March 6, 1997, was filed for the purpose of
filing the Monthly Certificateholder Statements, as Exhibits 99.1 through 99.5 
for payments made on October 15, 1996, November 15, 1996, December 15, 1996, 
January 15, 1997 and February 15, 1997, respectively.  The items reported in 
such Current Report were Item 5 (Other Events).

(c)   Exhibits to this report are listed in Item (14)(a)(3) above.




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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.

                              CHASE MANHATTAN BANK
                           (SUCCESSOR BY MERGER OF THE
                          CHASE MANHATTAN BANK, N.A.),
                                    AS TRUSTEE, FOR
                                    ABFS MORTGAGE LOAN TRUST 1996-2


Date: August 6, 1997          By:    /s/  Ron Feldman
                                    --------------------------
                                    Ron Feldman
                                    Vice President




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INDEX TO EXHIBITS


Exhibit
Number                        Description of Exhibits                     Page


    4.1       Related Computational Materical dated September 1996            *
              for ABFS Mortgage Loan  Trust,  Series 1996-2
              (incorporated  by reference to Exhibits 1 and 2 to
              Current Report on Form 8-K dated September 1996).

   99.1        Annual Statement of Compliance                                 7

   99.2        Annual Servicing Report                                        9






















* Incorporated by reference.


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                                  EXHIBIT 99.1


                         ANNUAL STATEMENT OF COMPLIANCE


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American Business Credit, Inc.
Bala Pointe Office Centre
111 Presidential Boulevard, Suite 215
Bala Cynwyd, PA 19004
(610)668-2440
1-800-537-1162

                                 $38,799,000.00
                           MORTGAGE LOAN CERTIFICATES
                       SERIES 1996-2 C;ASS A AND CLASS R
              PRUDENTIAL SECURITIES SECURED FINANCING CORPORATION
                 ANNUAL OFFICER'S CERTIFICATE AS TO COMPLIANCE


Pursuant to Section  5.17 of the Pooling and Servicing Agreement between
American Business Credit, Inc. As Servicer, Prudential Securities Secured
Financing Corporation as Depositor, The Chase Manhattan Bank as Trustee 
("Trustee") dated as of August 31, 1996, the undersigned does hereby certify the
following:

    1.  I have reviewed the activities of the Servicer for the period ended
        December 31, 1996 and its performance under the Agreement.

    2.  To the best of my knowledge, based on such review, the Servicer has
        fulfulled its duties, responsibilities and obligations under the 
        Agreement in all material respects throughout such period.

IN WITNESS  WHEREOF, the undersigned  have executed this Certificate as of the
27th day of April, 1997.

                                          American Business Credit, Inc.

Attest:

Jeffrey M. Ruben
Senior Vice President


David M. Levin
Senior Vice President


(corporate seal)

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                                  EXHIBIT 99.2


                             ANNUAL SERVICING REPORT


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BDO Seidman, LLP
Accountants and Consultants
1601 Market Street
Philadelphia, PA 19103-2311
Telephone:  (215)241-1500
Fax:  (215) 977-8314




                        Independent Accountants' Report


American Business Credit, Inc.
Bala Cynwyd, Pennsylvania

We have examined management's assertion American Business Credit, Inc.'s
compliance with the minimum servicing standards identified in the Mortgage
Bankers Association of America's Uniform Single Attestation Program for
Mortgage Bankers (the USAP) as of and for the year ended December 31, 1996.
Management is responsible for American Business Credit, Inc.'s compliance with
those minimum serving standards. Our responsibility is to express an opinion on
management's assertion about the entity's compliance based on our examination.

Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about American Business Credit, Inc.'s
compliance with the minimum servicing standards and performing such other
procedures as we considered necessary in the circumstances. We believe that
our examination provides a reasonable basis for our opinion. Our examination
does not provide a legal determination on American Business Credit, Inc.'s
compliance with the minimum servicing standards.

In our opinion, management's assertion that American Business Credit, Inc.
complied with the aforementioned minimum servicing standards as of and for the
period ended December 31, 1996, is fairly stated, in all material respects.

                                    BDO Seidman, LLP

April 22, 1997