SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
                       
FORM 10-K
                       
Annual Report Pursuant to Section 13
or 15(d) of the Securities Exchange 
Act of 1934 for the fiscal year ended 
December 31, 1998
                       
Commission File Number 33-99774-02
                       
GS MORTGAGE SECURITIES CORPORATION II issuer in respect of 
Commercial Mortgage Pass-Through Certificates Series 1997-GL1 
(Exact Name of registrant as specified in its charter)
                       
Delaware				22-3442024
(State or Other Juris-        (I.R.S. Employer
diction of Incorporation)     Identification No.)
  
85 Broad Street, New York, New York 10004
(Address of Principal Executive Office)
  
Registrant's telephone number, including area code: 212-902-1000
  
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.  Not applicable.
  
Aggregate market value of voting stock held by non-affiliates of 
the Registrant as of December 31, 1998.  
Not applicable.
  
Number of shares of common stock outstanding as of December 
31, 1998.  
Not applicable.






Table of Contents
                        
 PART I

Item 1. Business............................................3
 
Item 2. Properties..........................................3
  
Item 3. Legal Proceedings...................................3
  
Item 4. Submission Of Matters To A Vote Of Security Holders...3
  
PART II
  
Item 5. Market For Registrant's Common Equity And 
Related Shareholder 
Matters..............................................3
  
Item 6. Selected Financial Data......................3
 
Item 7. Management's Discussion And Analysis Of Financial 
Condition And Results Of Operations........................4
  
Item 8. Financial Statements And Supplementary Data..4
  
Item 9. Changes In And Disagreements With Accountants On 
        Accounting And Financial Disclosure..........4
  
PART III

Item 10. Directors And Executive Officers Of The Registrant..4

Item 11. Executive Compensation..............................4
  
Item 12. Security Ownership Of Certain Beneficial Owners And 
Management..............................................4
  
Item 13. Certain Relationships And Related Transactions......4
  
PART IV
  
Item 14. Exhibits, Financial Statement Schedules And Reports On 
Form 8-K................................................4
  
Signatures...................................................4
 
Exhibit Index................................................4






PART I
  
ITEM 1.   BUSINESS
  
This Annual Report on Form 10-K relates to the 
Trust Fund formed, and the Commercial Mortgage Pass-Through Certificates, 
Series 1997-GL I issued, pursuant to a Pooling 
and Servicing Agreement, dated as of August 11, 1997 (the 
"Pooling and Servicing Agreement"), by and among GS Mortgage 
Securities Corporation II, as sponsor  (the "Company, GMAC 
Commercial Mortgage Corporation., as master and special 
servicer, LaSalle National Bank, as trustee and REMIC 
administrator, and ABN AMRO Bank,N.V., as fiscal agent.  The Certificates have 
been registered pursuant to the Act under a Registration Statement on Form 
S-3 (No. 333-27083) the "Registration Statement").
  
Capitalized terms used herein and not defined have the same 
meanings ascribed to such terms in the Pooling and Servicing 
Agreement.
  
This Annual Report is being filed by the Servicer, in its 
capacity as such under the Pooling and Servicing Agreement, on 
behalf of Registrant.  The information contained herein has been supplied to 
the Servicer by one or more of the Borrowers or other third parties without 
independent review or investigation by the Servicer.  Pursuant to the Pooling
and Servicing Agreement, the Servicer is not responsible for the accuracy or 
completeness of 
such information.
  
ITEM 2.   PROPERTIES

See Exhibits 99.1 and 99.2 hereto for Servicer s Annual 
Statement of Compliance and Servicer s Independent Accountants 
Report on Servicer's servicing activities.
  
ITEM 3.   LEGAL PROCEEDINGS
  
Except for claims arising in the ordinary course of business
and which are covered by liability insurance, there are no 
material pending legal proceedings involving the Trust Fund, 
the Mortgages comprising the Trust Fund or the Trustee, the 
Special Servicer or the Servicer with respect to or affecting 
their respective duties under the Pooling and Servicing 
Agreement.
  
ITEM 4.    SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
  
No matters were submitted to a vote of Certificateholders during 
the fiscal year covered by this report.
  







PART II
  
ITEM 5.    MARKET FOR REGISTRANT'S COMMON EQUITY AND
RELATED STOCKHOLDER MATTERS
  
There was one registered holder of the Certificate representing 
an equity interest in the Trust as of December 31, 1998.  To the 
Registrant's knowledge, as of that date, there was no principal 
market in which the Certificates representing an equity interest 
in the Trust were traded.
  
ITEM 6.    SELECTED FINANCIAL DATA
  
Not applicable.
  
ITEM 7.    MANAGEMENT'S DISCUSSION AND ANALYSIS OF A
FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  
Not applicable.
  
ITEM 8.    FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
  
Not applicable.
  
ITEM 9.    CHANGES IN AND DISAGREEMENTS WITH
ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
  
None.
  
PART III
  
The information required by Items 10, 11, 12 and 13 is not 
applicable as the trust fund does not have directors or 
officers and Certificateholders have no right to vote (except 
with respect to required consents to certain amendments to the 
Pooling and Servicing Agreement and upon certain events of 
default) or control the Trust Fund.
  
PART IV

ITEM 14.     EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND
REPORTS ON FORM 8-K
  
a)	1.*	Servicer's Annual Statement of Compliance for the 
period ended 12/31/98.
 	2.*	Servicer's Independent Accountant's Report on 
Servicer's servicing activities.

b)  1.*	Audited Financial Statements for One Hundred Towers, 
L.L.C.
2.*	Audited Combined Financial Statements for Grande A Properties.
3.*	Audited Financials Statements of ComMet 380, Inc.
4.*	Audited Financial Statements for Century Plaza Towers.
5.*	Audited Financial Statements for Commonwealth Atlantic Properties.
6.*	Audited Financial Statements for WMP II Limited 
Partnership.
7.*	Audited Financial Statements for Monteheidra.
8.*	Consent of Price Waterhouse for One Hundred Towers,
L.L.C. audited financials.
9.*	Consent of Arthur Andersen LLP for combined financial statements of Grande 
A Properties.
10.*	Consent of Deloitte & Touche LLP for ComMet 380, Inc. audited financial 
statements.
11.*	Auditors consent for Century Plaza Towers.
12.*	Auditors consent for Commonwealth Atlantic Properties.
13.*	Auditors consent for WMP II Limited Partnership.
14.*	Auditors consent for Monteheidra.

c)  All current Reports on Form 8-K for the Trust have been 
filed as of 12/31/98. 

* IN ACCORDANCE WITH RULE 202 OF REGULATION S-T, THESE
EXHIBITS ARE BEING FILED IN PAPER PURSUANT TO A
CONTINUING HARDSHIP EXEMPTION.

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 behalf of the Registrant by the 
undersigned thereunto duly authorized.
  
  
LASALLE NATIONAL BANK, IN
ITS CAPACITY AS TRUSTEE UNDER 
THE POOLING AND SERVICING
AGREEMENT ON BEHALF OF GS MORTGAGE 
SECURITIES CORPORATION II,
REGISTRANT      
                 
  
By: /s/ Russell Goldenberg
Name:  Russell Goldenberg
Title: Senior Vice President
Dated: March 30, 1999
  
                                            
EXHIBIT INDEX
    
Exhibit No.     Description
 
99.1*	Servicer's Annual Statement of Compliance
99.2*	Servicer's Independent Accountants' Report on Servicer's 
servicing activities
99.3* Audited Financial Statements for One Hundred Towers, 
L.L.C.
99.4* Audited Combined Financial Statements for Grande A 
Properties.
99.5* Consent of Price Waterhouse for One Hundred Towers, 
L.L.C. 
audited financials.
99.6*	Consent of Arthur Andersen LLP for combined financial 
statements of Grande A Properties.
99.7*	Audited Financial Statements of ComMet 380, Inc.
99.8*	Consent of Deloitte & Touche LLP for ComMet 380, Inc. 
audited financial statements.
99.9*	Audited Financial Statements for Century Plaza Towers.
99.10*Audited Financial Statements for Commonwealth Atlantic 
Properties.
99.11*Audited Financial Statements for WMP II Limited 
Partnership.
99.12*Audited Financial Statements for Monteheidra.
99.13*Auditors consent for Century Plaza Towers.
99.14*Auditors consent for Commonwealth Atlantic Properties.
99.15*Auditors consent for WMP II Limited Partnership.
99.16*Auditors consent for Monteheidra.
 
  
* IN ACCORDANCE WITH RULE 202 OF REGULATION S-T, THESE
EXHIBITS ARE BEING FILED IN PAPER PURSUANT TO A
CONTINUING HARDSHIP EXEMPTION.