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   December 30,  1998
         (Commencement of Operations) to December 31, 1998

[  ]     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  333-39649-14

                            LEHMAN ABS CORPORATION
             (Exact name of registrant as specified in its charter)

         Delaware                                            13-3447441
(State or other jurisdiction of                           I.R.S. Employer
incorporation or organization)                            Identification No.)

Three World Financial Center
200 Vesey Street
New York, New York                                       10022
(Address of principal executive offices)                (Zip Code)

Registrant's telephone number, including area code : (212) 526-7000


               LEHMAN ABS CORPORATION
       PROVIDENT BANK HOME EQUITY LOAN TRUST 1998-A
     HOME EQUITY LOAN ASSET BACKED NOTES, SERIES 1998-A
   (Title of each class of securities covered by this Form)

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/A or any
 amendment to this Form 10-K/A.  [X]

Documents incorporated by reference:  None

                                   Page 1 of 5
             This report consists 9 of consecutively numbered pages.

<PAGE>

                    Amendment Number 1 of 1

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LEHMAN ABS CORPORATION
PROVIDENT BANK HOME EQUITY LOAN TRUST 1998-A
HOME EQUITY LOAN ASSET BACKED NOTES, SERIES 1998-A
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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:
         Omitted.

    (2)  Financial Statement Schedules:
         Omitted.

    (3)  Exhibits:

   Annual  Servicer  Statement of  Compliance,  filed as Exhibit 99.1 hereto.
   Annual Statement of  Independent  Accountants  Report for the Servicer,
           filed as Exhibit 99.2 hereto.

(b) Reports on Form 8-K: There were no Current Reports on Form 8-K filed by
the Registrant during the last quarter of 1998. The first distribution was on
January 25, 1999. The item reported in such Current Report was 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.


                                    THE CHASE MANHATTAN BANK,
                                    not in its individual capacity but solely
                                    as Indenture Trustee under the Agreement
                                    referred to herein



Date:  November 5, 1999            By:  /s/Jennifer Cupo
                                    -----------------------------
                                    Jennifer Cupo
                                    Vice President



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                                 EXHIBIT INDEX

Exhibit     Description                                               Page

 99.1       Servicer's Annual Statement of Compliance                   6

 99.2       Servicer's Annual Independent Accountant's Report           8



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EXHIBIT 99.1 - Servicer's Annual Statement of Compliance

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Provident Bank
One East Fourth Street
Cincinnati, Ohio  45202
Phone:  513-579-2000

Report of Management

     We,  as  members  of  management  of The  Provident  Bank  (Provident)  are
responsible for complying with the minimum  servicing  standards as set forth in
the Mortgage Bankers Association of America's Uniform Single Attestation Program
for Mortgage  Bankers  (USAP).  We are also  responsible  for  establishing  and
maintaining effective internal control over compliance with these standards.  We
have  performed  an  evaluation  of  Provident's  compliance  with  the  minimum
servicing standards as set forth in the USAP as of December 31, 1998 and for the
year then ended. Based on this evaluation,  we assert that during the year ended
December 31,  1998,  Provident  complied,  in all  material  respects,  with the
minimum  servicing  standards set forth in the USAP,  related to mortgage  loans
serviced  pursuant to two Pooling and Servicing  agreements  dated  September 1,
1997.

     As of and for this same period, Provident had in effect a fidelity bond and
errors and omissions policy in the amount of $27,500,000.


April 30, 1999


By:  /s/  Gerald Sparkman                         By:  /s/  Robert Molter
Gerald Sparkman                                   Robert Molter
Senior Vice President                             Senior Vice President



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<PAGE>


EXHIBIT 99.2 - Servicer's Annual Independent Accountant's Report


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<PAGE>

Ernst & Young, LLP                                         Phone:  513-621-6454
1300 Chiquita Center
250 East Fifth Street
Cincinnati, Ohio  45202




                           Independent Auditors' Report

Board of Directors
Provident Financial Group, Inc.

     We have examined  management's  assertion that Provident  Financial  Group,
Inc.  (Provident) complied with the minimum servicing standards set forth in the
Mortgage Bankers Association of America's Uniform Single Attestation Program for
Mortgage  Bankers  during the year ended  December  31,  1998,  included  in the
accompanying  report  titled Report of  Management.  This  assertion  relates to
mortgage  loans  serviced  by  Provident  in  accordance  with two  Pooling  and
Servicing  agreements  dated  September  1, 1997 and one Pooling  and  Servicing
agreement  dated  December 1, 1998.  Management is responsible  for  Provident's
compliance with those requirements.  Our responsibility is to express an opinion
on management's assertion about Provident's compliance based on our examination.

     Our examination  was conducted in accordance with standards  established by
the  American  Institute  of  Certified  Public  Accountants  and,  accordingly,
included examining,  on a test basis, evidence about Provident's compliance with
those  requirements  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 Provident's compliance with specified requirements.

     In our opinion,  management's  assertion that  Provident  complied with the
aforementioned  requirements  during the year ended  December 31, 1998 is fairly
stated, in all material respects.

Very truly yours,


Ernst & Young LLP
May 27, 1999


Ernst & Young LLP is a member of Ernst & Young International, Ltd.



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