SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549

FORM 10-K

[X]     ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) of
         THE SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]
For the fiscal year ended December 31, 1997

                                     OR

[  ]     TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE
         SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the transition period from________________to_______________.
Commission file number 33-99510

ADVANTA Home Equity Loan Trust 1997-1

New York                      33-0756430
   (State of other jurisdictio        (IRS Employer
    incorporation or organizat           Identification No.)

c/o Bankers Trust Company
4 Albany Street
New York, NY   10015

Registrant's telephone number, including area code:  (212) 250-2500

Securities registered pursuant to Section 12(b) of the Act.

Title of each class                           Name of each exchange on
                                                        which registered:
     None                                           None

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

Indicated 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 ($ 229.405 of this chapter) 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]

State the aggregate market value of the voting stock held by non-affiliates
of registrant.  The aggregate market value shall be computed by reference to
the price at which the stock was sold, or the average bid and asked prices
of such stock, as of specified date within 60 days prior to the date of filing:

$424,363,475.47

Documents Incorporated by Reference:  Not Applicable


PART 1

ITEM 1 - BUSINESS

The ADVANTA Home Equity Loan Trust 1997-1, (the "Trust" or "Issuer") is
a New York common law trust established as of March 1, 1997,
pursuant to a Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") between ADVANTA Mortgage Conduit Services, Inc. as
sponsors (the "Sponsor") and ADVANTA Mortgage Corp. USA as Master
Servicer (the "Master Servicer") (together, the "Companies") and Bankers
Trust Company, acting thereunder not in its individual capacity but solely as
trustee (the "Trustee").  The Issuer's only purpose is the issuance of
$550,000,000.00 principal amount of ADVANTA Home Equity Loan Pass-
Through Certificates, Series 1997-1, Class A-1, Class A-2, Class A-3,
Class A-4, Class A-5, Class A-6, Class M-1F, Class M-1A, Class M-2F,
Class M-2A, Class B-1F and Class B-1A (the "Certificates")
 and the subordinated residual certificates pursuant to the
Pooling and Servicing Agreement.  On March 31, 1997, the Sponsor sold
$550,000,000.00 aggregate principal amount of mortgage loans (the "Mort-
gage Loans"), to the Issuer in exchange for the Certificates, and sold the
Certificates pursuant to a public offering, the underwriting of which was
co-managed by Morgan Stanley & Company, Lehman Brothers, Salomon
Brothers, Inc., and Prudential Securities Incorporated.
The Mortgage Loans and the distributions thereon, along with certain
insurance proceeds, certain proceeds obtained on foreclosure and any
investment income earned thereon, are the only significant assets of the
Issuer.  The Certificates represent obligations solely of the Issuer.  The
Certificates were registered under a Registration Statement
(file no. 33-99510) on Form S-3 declared effective on September 6, 1996.

ITEM 2 - PROPERTIES

The Issuer neither owns nor leases any physical properties.

ITEM 3 - LEGAL PROCEEDINGS

The Master Servicer is not aware of any material pending legal proceedings
involving either the Issuer, the Trustee, the Sponsor or the Master Servicer
with respect to the Certificates or the Issuer's property.

ITEM 4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

No matter has been submitted to a vote of the holders of beneficial interests
in the Issuer through the solicitation of proxies or otherwise.

PART II

ITEM 5 - MARKET FOR REGISTRANT'S COMMON STOCK AND RELATED
STOCKHOLDER MATTERS

The Trust is not an issuer of common stock in a corporation, although the
Certificates represent equity interest that has voting rights.  The equity of
the Trust consists of the beneficial or ownership interest therein for which,
to the best knowledge of the Master Servicer, there is no established
public trading market.

As of March 4, 1998, there were approximately 3 holders of the Class A-1
Certificates, 17 holders of the Class A-2 Certificates, 1 holder of the Class
A-3 Certificates, 16 holders of the Class A-4 Certificates, 14 holders of the
Class A-5 Certificates, 5 holders of the Class A-6 Certificates, 2 holders of
the Class M-1F Certificates, 1 holder of the Class M-1A Certificates, 2
holders of the Class M-2F Certificates, 1 holder of the Class M-2A, 6 holders
of the Class B-1F Certificates, and 2 holders of the Class B-1A
Certificates.  The number of holders includes individual
participants in security position listings.  As of December 26, 1997,
9 monthly distributions had been made to the holders of the Certificates.


ITEM 6 - SELECTED FINANCIAL DATA

Not applicable.

ITEM 7 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS

RESULTS OF OPERATION

On March 31, 1997, the Issuer issued $141,000,000.00 aggregate
principal amount of Class A-1 Certificates having pass-through rate of 6.85%
per annum, $82,000,000.00 aggregate principal amount of Class A-2
Certificates having pass-through rate of 7.10% per annum, $11,500,000.00
aggregate principal amount of Class A-3 Certificates having pass-through rate
of 7.40% per annum, $34,015,000.00 aggregate principal amount of Class
A-4 Certificates having pass-through rate of 7.65% per annum,
$29,835,000.00 aggregate principal amount of Class A-5 having pass-through
rate of 7.35% per annum, $168,000,000.00 aggregate principal amount of
Class A-6 Certificates having a variable monthly rate, $10,200,000.00
aggregate principal amount of Class M-1F Certificates having pass-through
rate of 7.65% per annum, $22,100,000.00 aggregate principal amount of
Class M-2F Certificates having pass-through rate of 7.80% per annum,
$9,350,000.00 aggregate principal amount of Class B-1F Certificates having
pass-through rate of 8.15% per annum, $12,600,000.00 aggregate principal
amount of Class M-1A Certificates having a variable monthly rate,
$10,500,000.00 aggregate principal amount of Class M-2A Certificates having
a variable monthly rate, $18,900,000 aggregate principal amount of Class
B-1A Certificates having a variable monthly rate, which are collateralized by
Mortgage Loans. The sale of the Mortgage Loans to the Issuer, the issuance
of the Certificates and the simultaneous delivery of the Certificates to the
Companies for sale pursuant to a public offering, the underwriting of which
was co-managed by Morgan Stanley & Company, Lehman Brothers, Inc.,
Prudential Securites Incorporated and Salomon Brothers, Inc., has been
accounted for as a sale of the Certificates. The value of the Certificates
issued by the Issuer equaled the value of the Mortgage Loans conveyed to
the Issuer by the Companies, plus funds held in the Prefunding Account
(if any) and subsequently used to acquire additional mortgage loans.
Accordingly, there was no income, expense, gain or loss resulting from
the aforementioned transaction.

CAPITAL RESOURCES AND LIQUIDITY

The Issuer's primary sources of funds with respect to the Certificates will be
receipts of interest on and principal of the Mortgage Loans, along with certain
insurance proceeds, certain proceeds obtained on foreclosure and any
investment income earned thereon.  The respective management's of the
Companies believe that the Issuer will have sufficient liquidity and capital
resources to pay all amounts on the Certificates as they become due and
all other anticipated expenses of the Issuer.  The Issuer does not have, nor
will it have in the future, any significant source of capital for payment of the
Certificates and its operating expenses other than the receipt of interest on
and principal of the mortgage loans, certain insurance proceeds and certain
proceeds obtained on foreclosure and any payments made by the Certificate
Insurer.  The Issuer is a limited purpose trust.  The Certificates represent
obligations solely of the Issuer.

ITEM 8 - FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Not applicable.

ITEM 9 - CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURE

There were no changes of accountants or disagreements on accounting or
financial disclosures between the Issuer and its accountants.

PART III

ITEM 10 - DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

The Issuer does not have any directors or officers.

ITEM 11 - EXECUTIVE COMPENSATION

Not applicable.See "Item 10-Directors and Executive Officers of the Registrant".

ITEM 12 - SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT

The following table sets forth (i) the name and address of each entity owning
more than 5% of the outstanding principal amount of the ADVANTA Home
Equity Loan Certificates, Series 1997-1, Class A-1 ("Class A-1 Certificates"),
the name and address of each entity owning more than 5% of the outstanding
principal amount of the ADVANTA Home Equity Loan Certificates, Series
1997-1, Class A-2 ("Class A-2 Certificates"), the name and address of each
entity owning more than 5% of the outstanding amount of the ADVANTA Home
Equity Loan Certificates, Series 1997-1, Class A-3 ("Class A-3 Certificates"),
the name and address of each entity owning more than 5% of the outstanding
principal amount of the ADVANTA Home Equity Loan Certificates, Series
1997-1, Class A-4 ("Class A-4 Certificates"), the name and address of each
entity owning more than 5% of the outstanding amount of the ADVANTA Home
Equity Loan Certificates, Series 1997-1, Class A-5 ("Class A-5 Certificates"),
the name and address of each entity owning more than 5% of the outstanding
principal amount of the ADVANTA Home Equity Loan Certificates, Series
1997-1, Class A-6 ("Class A-6 Certificates"), the name and address of each
entity owning more than 5% of the outstanding amount of the ADVANTA Home
Equity Loan Certificates, Series 1997-1, Class M-1F ("Class M-1F Certificates"),
the name and address of each entity owning more than 5% of the outstanding
principal amount of the ADVANTA Home Equity Loan Certificates, Series
1997-1, Class M-2F ("Class M-2F Certificates"), the name and address of each
entity owning more than 5% of the outstanding amount of the ADVANTA Home
Equity Loan Certificates, Series 1997-1, Class B-1F ("Class B-1F Certificates"),
the name and address of each entity owning more than 5% of the outstanding
principal amount of the ADVANTA Home Equity Loan Certificates, Series
1997-1, Class M-1A ("Class M-1A Certificates"), the name and address of each
entity owning more than 5% of the outstanding amount of the ADVANTA Home
Equity Loan Certificates, Series 1997-1, Class M-2A ("Class M-2A Certificates"),
the name and address of each entity owning more than 5% of the outstanding
principal amount of the ADVANTA Home Equity Loan Certificates, Series
1997-1, ClassB-1A ("Class B-1A Certificates"); (ii) the principal amount of the
Class A-1 Certificates or Class A-2 Certificates or Class A-3 Certificates or
Class A-4 Certificates or Class A-5 Certificates or Class A-6 Certificates or
Class M-1F Certificates Class M-2F Certificates or Class B-1F Certificates or
Class M-1A Certificates or Class M-2A Certificates or Class B-1A Certificates
and (iii) the percent that the principal amount of Class A-1 Certificates, Class
A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5
Certificates, Class A-6 Certificates, Class M-1F, Class M-2F Certificates,
Class B-1F Certificates, Class M-1A Certificates, Class M-2A Certificates,
and Class B-1A Certificates owned represents of the outstanding principal
amount of the Class A-1 Certificates or Class A-2 Certificates or Class A-3
Certificates or Class A-4 Certificates or Class A-5 Certificates or Class A-6
Certificates or Class M-1F Certificates or Class M-2F Certificates or Class
B-1F Certificates or Class M-1A Certificates or Class M-2A Certificates or
Class B-1A Certificates, respectively. The information set forth in the table
is based upon information obtained by the Issuer from Depository
Trust Company. The Master Servicer is not aware of any Schedules 13D or
13G filed with the Securities and Exchange Commission in respect of the
Certificates.

                                Amount Owned
                              (All Dollar Amounts are in Thousands)
Name and Address                 Principal        Percent

Class A-1 Certificates
Chase Manhattan Bank / Chemical
4 New York Plaza
Proxy Department 13th Floor
New York, NY 10004                                      19.86%

DAIWA Securities America Inc.
Financial Square
32 Old Slip, 14th Floor
New York, NY 10005                                      17.37%

Merrill Lynch, Pierce, Fenner & Smith Inc.
4 Corporate Place
Corporate Park 287
Piscataway, NJ 08855                                    62.77%

Class A-2 Certificates
Bank of New York
925 Patterson  Plank Rd.
Secausus, NJ  07094                                     21.31%

Bankers Trust Company
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211                                     32.80%

The Bank of New York/Barclays
De Zwete Wedd Securities
One Wall Street, 4th Floor
New York, NY 10286                                       6.54%

Chase Manhattan Bank / Chemical
4 New York Plaza
Proxy Department 13th Floor
New York, NY 10004                                       7.69%

SSB - Custodian
Global Corp Action Dept JAB5W
P. P. Box 1631
Boston, MA 02105-1631                                   16.00%

Union Bank of California, N.A
Safekeeping Department
475 Sansome Street, 11th Floor
San Francisco, CA 94145                                  8.46%

Class A-3 Certificates
Chase Manhattan Bank / Chemical
4 New York Plaza
Proxy Department 13th Floor
New York, NY 10004                                     100.00%

Class A-4 Certificates
Bank of New York
925 Patterson  Plank Rd.
Secausus, NJ  07094                                     13.09%

Commerce Bank of Kansas City, N.A.
Investment Management Group
922 Walnut
Kansas City, MO  64106                                  17.35%

SSB - Custodian
Global Corp Action Dept JAB5W
P. P. Box 1631
Boston, MA 02105-1631                                   54.58%

Class A-5 Certificates
Bankers Trust Company
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211                                     11.57%

Boston Safe Deposit and Trust Company
c/o Mellon Bank N.A.
Three Mellon Bank Center, Room 153-3015
Pittsburgh, PA 15259                                    12.41%

Comerica Bank
Cap. Chg. / Proxy 7CBB/MC 3530
Detroit, MI  48275-3530                                 17.60%

Northern Trust Company

801 S. Canal C-IN
Chicago, IL 60607                                       42.66%

Class A-6 Certificates
Bankers Trust Company
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211                                     31.55%

Chase Manhattan Bank
4 New York Plaza
13th Floor
New York, NY 10004                                       5.96%

Citibank, N.A.
P. O. Box 30576
Tampa, FL 33630-3576                                    13.68%

Republic National Bank of New York Inv. Acct.
One Hanson Place, Lower Level
Brooklyn, NY 11243                                      26.78%

SSB - Custodian
Global Corp Action Dept JAB5W
P. P. Box 1631
Boston, MA 02105-1631                                   22.03%

Class M-1F Certificates
Bankers Trust Compnay
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211                                     62.75%

Citibank, N.A.
P. O. Box 30576
Tampa, FL 33630-3576                                    37.25%

Class M-2F Certificates
Boston Safe Deposit and Trust Company
c/o Mellon Bank N.A.
Three Mellon Bank Center, Room 153-3015
Pittsburgh, PA 15259                                    50.00%

Citibank, N.A.
P. O. Box 30576
Tampa, FL 33630-3576                                    50.00%

Class B-1F Certificates
Bank of New York
925 Patterson  Plank Rd.
Secausus, NJ  07094                                     33.43%

Bankers Trust Company
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211                                      7.49%

Investors Bank & Trust / M.F. Custody
200 Clarendon Street
15th Fl Hancock Tower
Boston, MA  02116                                        5.89%

SSB - Custodian
Global Corp Action Dept JAB5W
P. P. Box 1631
Boston, MA 02105-1631                                   49.74%

Class M-1A Certificates
Bankers Trust Compnay
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211                                    100.00%

Class M-2A Certificates
Bankers Trust Company
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211                                    100.00%

Class B-1A Certificates
Bank of New York
925 Patterson  Plank Rd.
Secausus, NJ  07094                                     52.91%

Chase Manhattan Bank
4 New York Plaza
13th Floor
New York, NY 10004                                      47.09%


ITEM 13 - CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

None


PART IV

ITEM 14 - EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS
ON FORM 8-K

(a)     The following documents are filed as part of this report:
              1.   Financial Statements:    Not applicable.
              2.   Financial Statement Schedules:    Not applicable.
              3.   Exhibits:   As the Issuer was established as of March 1,
1997, the Master Servicer was obligated to prepare an Annual Statement to
Certificateholders as to Compliance for the year ended December 31, 1997,
and mail such statement to the Certificateholders on or before the last day
of March, 1998 and Independent Certified Public Accountants were required
to prepare an annual report pertaining to the compliance of the Master Servicer
with its servicing obligations pursuant to the Pooling and Servicing Agreement
on or before the last day of March, 1998.  The Annual Statement to Certificate-
holders as to Compliance is included herewith as Exhibit 28.1 and the Annual
Independent Certified Public Accountants' Report is included herewith as
Exhibit 28.2.  The Statement to Certificateholders on December 26, 1997, is
included herewith as Exhibit 28.3.

 Exhibit No.                  Description

              *3.1            Certificates of Incorporation of the
                              Companies

              *3.2            By-laws of the Companies

              *4              Pooling and Servicing Agreement

              28.1            Annual Statement to Certificateholders
                              as to Compliance for the year ended
                              December 31, 1997.

              28.2            Annual Independent Certified Public
                              Accountants' Report.

              28.3            Statement to Certificateholders on
                              December 26, 1997.

*   Incorporated by reference to the Exhibit of the same designation filed with
the Issuer's Form S-3 registration statement declared effective September
6, 1996.

(b)    Reports on Form 8-K.
              Nine reports on Form 8-K have been filed by the Issuer during the
period covered by this report.

                                          Items Reported/Financial
Date of Reports on Form 8-K   Statements Filed

              April 30, 1997  Monthly Report for the March 1997 Monthly
                              Period relating to the ADVANTA Home Equity
                              Loan Pass-through Certificates 1997-1, Class
                              A-1, Class A-2, Class A-3, Class A-4, Class
                              A-5, Class A-6, Class M-1F, Class M-1A,
                              Class M-2F, Class M-2A, Class B-1F,
                              Class B-1A issued by the Advanta Home
                              Equity Loan Trust 1997-1.

              June 2, 1997    Monthly Report for the April 1997 Monthly
                              Period relating to the ADVANTA Home Equity
                              Loan Pass-through Certificates 1997-1, Class
                              A-1, Class A-2, Class A-3, Class A-4, Class
                              A-5, Class A-6, Class M-1F, Class M-1A,
                              Class M-2F, Class M-2A, Class B-1F,
                              Class B-1A issued by the Advanta Home
                              Equity Loan Trust 1997-1.

              June 26, 1997   Monthly Report for the May 1997 Monthly
                              Period relating to the ADVANTA Home Equity
                              Loan Pass-through Certificates 1997-1, Class
                              A-1, Class A-2, Class A-3, Class A-4, Class
                              A-5, Class A-6, Class M-1F, Class M-1A,
                              Class M-2F, Class M-2A, Class B-1F,
                              Class B-1A issued by the Advanta Home
                              Equity Loan Trust 1997-1.

              July 31, 1997   Monthly Report for the June 1997 Monthly
                              Period relating to the ADVANTA Home Equity
                              Loan Pass-through Certificates 1997-1, Class
                              A-1, Class A-2, Class A-3, Class A-4, Class
                              A-5, Class A-6, Class M-1F, Class M-1A,
                              Class M-2F, Class M-2A, Class B-1F,
                              Class B-1A issued by the Advanta Home
                              Equity Loan Trust 1997-1.

              August 29, 1997 Monthly Report for the July 1997 Monthly
                              Period relating to the ADVANTA Home Equity
                              Loan Pass-through Certificates 1997-1, Class
                              A-1, Class A-2, Class A-3, Class A-4, Class
                              A-5, Class A-6, Class M-1F, Class M-1A,
                              Class M-2F, Class M-2A, Class B-1F,
                              Class B-1A issued by the Advanta Home
                              Equity Loan Trust 1997-1.

              October 3, 1997 Monthly Report for the August 1997 Monthly
                              Period relating to the ADVANTA Home Equity
                              Loan Pass-through Certificates 1997-1, Class
                              A-1, Class A-2, Class A-3, Class A-4, Class
                              A-5, Class A-6, Class M-1F, Class M-1A,
                              Class M-2F, Class M-2A, Class B-1F,
                              Class B-1A issued by the Advanta Home
                              Equity Loan Trust 1997-1.

              October 30, 1997Monthly Report for the September 1997 Monthly
                              Period relating to the ADVANTA Home Equity
                              Loan Pass-through Certificates 1997-1, Class
                              A-1, Class A-2, Class A-3, Class A-4, Class
                              A-5, Class A-6, Class M-1F, Class M-1A,
                              Class M-2F, Class M-2A, Class B-1F,
                              Class B-1A issued by the Advanta Home
                              Equity Loan Trust 1997-1.

              December 1, 1997Monthly Report for the October 1997 Monthly
                              Period relating to the ADVANTA Home Equity
                              Loan Pass-through Certificates 1997-1, Class
                              A-1, Class A-2, Class A-3, Class A-4, Class
                              A-5, Class A-6, Class M-1F, Class M-1A,
                              Class M-2F, Class M-2A, Class B-1F,
                              Class B-1A issued by the Advanta Home
                              Equity Loan Trust 1997-1.

              December 29, 199Monthly Report for the November 1997 Monthly
                              Period relating to the ADVANTA Home Equity
                              Loan Pass-through Certificates 1997-1, Class
                              A-1, Class A-2, Class A-3, Class A-4, Class
                              A-5, Class A-6, Class M-1F, Class M-1A,
                              Class M-2F, Class M-2A, Class B-1F,
                              Class B-1A issued by the Advanta Home
                              Equity Loan Trust 1997-1.

(c)    See "Item 14(a) (3)-Exhibits".
(d)    Not applicable.


SIGNATURES

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.

ADVANTA Mortgage Corp., USA,
as Master Servicer and on behalf of

ADVANTA Home Equity Loan Trust 1997-1
                 Registrant


BY;      /s/ William P. Garland
              William P. Garland
              Senior Vice President
              Loan Service Administration



March 31, 1998


INDEX TO EXHIBITS (Item 14(c))

  Exhibit #                     Description

*3.1                          Certificates of Incorporation of the Companies

*3.2                          By-laws of the Companies.

*4                            Pooling and Servicing Agreement

28.1                          Annual Statement to Certificateholders as to
                              Compliance for the year ended December 31,
                              1997.

28.2                          Annual Independent Certified Public Account-
                              ants' Report.

28.3                          Statement to Certificateholders on December 26,
                              1997.

*   Incorporated by reference to the Exhibit of the same designation filed with
the Issuer's Form S-3 registration statement declared effective September 6,
1996


<TABLE>
                                              EXHIBIT 28.1
<S>
March 31, 1998

Bankers Trust Company(293)
Attention:  Erin Deegan
3 Park Plaza --  16th Floor
Irvine, CA  92714


RE:  Annual Statement as to Compliance

Pursuant to that certain Loan Servicing Agreement ("Agreement") dated as of
March 1, 1997, relating to ADVANTA Home Equity Loan Trust 1997-1, I,
William P. Garland, hereby certify that (I) a review of the activities of the Servicer
during the preceding year and the performance under this Agreement has
been made under my supervision, and (II) to the best of my knowledge, based
on such review, the Servicer has fulfilled all its obligations under this Agreement
for such year.

Sincerely,



BY;      /s/ William P. Garland
              William P. Garland
              Senior Vice President
              Loan Service Administration

WPG/cg

cc:     Mr. James L. Shreero
         Annette Aguirre, Esq.
         Mr. Mark Casale
<S>
</TABLE>
<TABLE>
                                              EXHIBIT 28.2
<S>
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS


To ADVANTA Mortgage Corp. USA:

We have examined management's assertion about Advanta Mortgage Corp. USA's compliance
with the minimum servicing standards identified in the Mortgage Bankers Association of
America's Uniform Single Attestation Program for Mortgage Bankers (USAP) and that
Advanta Mortgage Corp. USA had in effect fidelity bond coverage in the amount of $15 million
and mortgage contingent liability protection coverage in the amount of $2 million as of and for
the year ended December 31, 1997 included in the accompanying management assertion.
Management is responsible for Advanta Mortgage Corp. USA's compliance with those
minimum servicing standards and for maintaining fidelity bond and mortgage contingent
liability protection coverage policies.  Our responsibility is to express an opinion on
management's assertion about the entity's compliance with the minimum servicing standards
and maintenance of fidelity bond and mortgage contingent liability protection coverage policies
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 Advanta Mortgage Corp. USA'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 Advanta Mortgage Corp. USA's compliance with the
minimum servicing standards.

In our opinion, management's assertion that Advanta Mortgage Corp. USA complied with the
aforementioned minimum servicing standards and that Advanta Mortgage Corp. USA had in
effect fidelity bond coverage in the amount of $15 million and mortgage contingent liability
protection coverage in the amount of $2 million as of and for the year ended December 31, 1997
is fairly stated, in all material respects.

BY;      /s/ Arthur Andersen LLP

Philadelphia, PA
March 20, 1998
<S>
</TABLE>
<TABLE>
                                              EXHIBIT 28.3

              ADVANTA Mortgage Loan Trust 1997-1

                         Statement to Certificateholders

<CAPTION>
              Original        Prior
              Face            Principal
Class         Value           Balance         Interest        Principal      Total
<S>           <C>             <C>             <C>             <C>            <C>
A-1               141,000,000.      90,878,126           518,7      7,144,182        7,662,945.17
A-2                 82,000,000      82,000,000           485,1                          485,166.67
A-3                 11,500,000      11,500,000            70,9                           70,916.67
A-4                 34,015,000      34,015,000           216,8                          216,845.63
A-5                 29,835,000      29,835,000           182,7                          182,739.38
A-6               168,000,000.    135,696,895.           695,2      6,873,644        7,568,902.94
M-1F                10,200,000      10,200,000            65,0                           65,025.00
M-1A                12,600,000      12,600,000            66,2                           66,293.50
M-2F                22,100,000      22,100,000           143,6                          143,650.00
M-2A                10,500,000      10,500,000            56,7                           56,781.67
B-1F                  9,350,00        9,350,00            63,5                           63,502.08
B-1A                18,900,000      18,900,000           109,0                          109,042.50
R                                                                                                    -

Totals            550,000,000.    467,575,022.        2,673,98    14,017,827.      16,691,811.21
</TABLE>
<TABLE>
<CAPTION>
                                              Current         Pass-Through
              Realized        Deferred        Principal       Rates
Class         Losses          Interest        Balance         Current        Next
<S>           <C>             <C>             <C>             <C>            <C>
A-1                                                 83,733,944      6.850000%       6.850000%
A-2                                                 82,000,000      7.100000%       7.100000%
A-3                                                 11,500,000      7.400000%       7.400000%
A-4                                                 34,015,000      7.650000%       7.650000%
A-5                                                 29,835,000      7.350000%       7.350000%
A-6                                               128,823,250.      5.950000%       6.325000%
M-1F                                                10,200,000      7.650000%       7.650000%
M-1A                                                12,600,000      6.110000%       6.485000%
M-2F                                                22,100,000      7.800000%       7.800000%
M-2A                                                10,500,000      6.280000%       6.655000%
B-1F                                                  9,350,00      8.150000%       8.150000%
B-1A                                                18,900,000      6.700000%       7.075000%
R                                                                   0.000000%       0.000000%

Totals                                            453,557,194.93
</TABLE>
<TABLE>
<CAPTION>
                              Prior                                                          Current
                              Principal                                                      Principal
Class         CUSIP           Balance         Interest        Principal      Total           Balance
<S>           <C>             <C>             <C>             <C>            <C>             <C>
A-1              00755WCR5          644.525723        3.679168      50.667961       54.347129     593.857762
A-2              00755WCS3                1000        5.916667              0        5.916667           1000
A-3              00755WCT1                1000        6.166667              0        6.166667           1000
A-4              00755WCU8                1000           6.375              0           6.375           1000
A-5              00755WCV6                1000           6.125              0           6.125           1000
A-6              00755WCZ7          807.719615        4.138441      40.914553       45.052994     766.805063
M-1F             00755WCW4                1000           6.375              0           6.375           1000
M-1A             00755WDA1                1000        5.261389              0        5.261389           1000
M-2F             00755WCX2                1000             6.5              0             6.5           1000
M-2A             00755WDB9                1000        5.407778              0        5.407778           1000
B-1F             00755WCY0                1000        6.791666              0        6.791666           1000
B-1A             00755WDC7                1000        5.769444              0        5.769444           1000
R                AM9701112                   0               0              0               0              0
</TABLE>
<TABLE>
Delinquent and Foreclosure Loan Information:
<CAPTION>
                                                              90+ Days       Loans           Loans
                              30-59           60-89           excldg f/c,REO in              in
                              Days            Days            & Bkrptcy      REO             Foreclosure
<S>                           <C>             <C>             <C>            <C>             <C>
Group 1       Principal Balanc        9,605,30        3,073,81      1,016,090           579,6      6,557,610
              % of Pool Balanc        3.30280%        1.05694%       0.34938%        0.19930%       2.25484%
              Number of Loans              167              57             21               2            112
              % of Loans              3.39776%        1.15972%       0.42726%        0.04069%       2.27874%
Group 2       Principal Balanc        6,986,18        2,124,51      1,115,356           239,3    10,857,642.
              % of Pool Balanc        3.91341%        1.19007%       0.62478%        0.13409%       6.08205%
              Number of Loans               69              21             14               3             98
              % of Loans              3.98614%        1.21317%       0.80878%        0.17331%       5.66147%

Loans in Bankruptcy:                                          Group 1                2,789,510.52
                                                              Group 2                3,027,136.69
                                                              Total                  5,816,647.21
</TABLE>
<TABLE>
General Mortgage Loan Information:
<CAPTION>
                                                                  Group I        Group II         Total
<S>                                                           <C>            <C>             <C>
Beginning Aggregate Mortgage Loan Balance                        297,113,869.    184,726,358.   481,840,227.
Principal Reduction                                                 6,290,736        6,206,89    12,497,636.
Ending Aggregate Mortgage Loan Balance                           290,823,132.    178,519,458.   469,342,591.

Beginning Aggregate Mortgage Loan Count
Ending Aggregate Mortgage Loan Count

Current Weighted Average Coupon Rate                               10.928854%      10.944389%     10.934810%
Next Weighted Average Coupon Rate                                  10.920343%      11.002600%     10.951630%
</TABLE>
<TABLE>
Mortgage Loan Principal Reduction Information:
<CAPTION>
                                                                  Group I        Group II         Total
<S>                                                           <C>            <C>             <C>
Scheduled Principal                                                    355,01            88,6         443,71
Curtailments
Prepayments                                                         5,693,335        6,014,29    11,707,630.
Repurchases/Substitutions                                              242,38                         242,38
Liquidation Proceeds                                                                    103,9         103,90
Other Principal

Less: Realized Losses                                                   (11,0            17,9            6,8
Less: Delinquent Principal not Advanced by Servicer

Total Principal Reduction                                           6,301,818        6,188,97    12,490,790.
</TABLE>
<TABLE>
Servicer Information:
<CAPTION>
                                                                  Group I        Group II         Total
<S>                                                           <C>            <C>             <C>
Accrued Servicing Fee for the Current Period                             90,3            53,1         143,47
Less: Amounts to Cover Interest Shortfalls                                3,1                            3,8
Less: Delinquent Service Fees                                            33,4            23,8           57,2
Collected Servicing Fees for Current Period                              53,6            28,6           82,3

Advanced Principal                                                       36,8              7,           44,6
Advanced Interest                                                      737,26           530,9      1,268,264
</TABLE>
<TABLE>
<CAPTION>
                              Other           Subordination
              Prepayment      Unscheduled     Increase        Applied        Realized Loss   Unpaid
              Principal       Principal       Principal       Realized Loss  Amortization    Realized Loss
Class         Distributed     Distributed     Distributed     Amount         Amount          Amount
<S>           <C>             <C>             <C>             <C>            <C>             <C>
A-1                   5,693,35           242,3           842,3
A-2
A-3
A-4
A-5
A-6                   6,014,29           103,9           684,6
M-1F
M-1A
M-2F
M-2A
B-1F
B-1A
R

Total               11,707,648           346,2        1,527,03
</TABLE>
<TABLE>
<CAPTION>
                                                   Prior                         Current         Target
                   Has a           Senior        Overcolla-        Extra        Overcolla-     Overcolla-
                Trigger Ever    Enhancement     Teralization     Principal     Teralization   Teralization
Class             Occurred       Percentage        Amount       Distributed       Amount         Amount
<S>           <C>             <C>             <C>             <C>            <C>             <C>
Group I              No             14.321419%        7,235,74         842,36        8,089,18      9,010,000
Group II             No             24.569610%        7,029,46         684,67        7,696,20      8,400,000

Total                                               14,265,205      1,527,037      15,785,396    17,410,000.
</TABLE>
<TABLE>

TOTAL AVAILABLE FUNDS:
<CAPTION>
<S>           <S>                                             <C>            <C>             <C>
              Current Interest Collected:                           3,064,076.88

              Principal Collected:                                12,106,672.52

              Insurance Proceeds Received:                                          -

              Net Liquidation Proceeds:                                  98,116.30

              Delinquency Advances on Mortgage Interest:            1,268,264.02

              Delinquency Advances on Mortgage Principal:                44,673.05

              Substitution Amounts:                                    242,385.16

              Trust Termination Proceeds:                                           -

              Investment Earnings on Certificate Account:                14,608.41

              Capitalized Interest Requirement:                                     -

              Pre-Funding Account:                                  N/A

              Sum of the Above Amounts:                                            16,838,796.34

LESS:

              Servicing Fees (including PPIS):                         143,471.71

              Dealer Reserve:                                                       -

              Trustee Fees:                                               3,513.42

              Insurance Premiums:                              N/A

              Reimbursement of Delinquency Advances:                                -

              Reimbursements of Servicing Advances:                                 -

              Total Reductions to Available Funds Amount:                               146,985.13

              Total Available Funds:                                                             16,691,811.
</TABLE>