SECURITIES AND EXCHANGE COMMISSION
                                Washington, D.C.

                                    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, 1999

              Commission file numbers 333-60749-02 and 333-51817-02

              TRUST CREATED BY COMMERCIAL MORTGAGE ACCEPTANCE CORP.

          (under a Pooling and Servicing Agreement dated as of July 1,
             1999 which Trust is the issuer of Commercial Mortgage
                   Pass-Through Certificates, Series 1999-C1)
--------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its Charter)

           New York                                          52-2128227
-------------------------------                     ----------------------------
 (State or other jurisdiction                             (I.R.S. Employer
incorporation or organization)                           Identification No.)

                               LaSalle Bank, N.A.
                        135 S. LaSalle Street, Suite 1625
                          Chicago, Illinois 60674-4107
                     Attention: Corporate Trust Department -
           Asset-Backed Securities Trust Services, CMAC Series 1999-C1
           -----------------------------------------------------------
                     (Address of Principal Executive Office)

    Registrant's telephone number, including area code: (800) 246-5761

    Securities registered pursuant to Section 12(b) of the Act: Not applicable.

    Securities registered pursuant to Section 12(g) of the Act: Not applicable.

      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 (section 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)

      Aggregate market value of the voting stock held by  non-affiliates  of the
registrant as of December 31, 1999: Not applicable.

      Number of shares of common stock  outstanding as of December 31, 1999: Not
applicable.

                       DOCUMENTS INCORPORATED BY REFERENCE
                                      None



<PAGE>


                                     PART I

ITEM 1.     BUSINESS

      The  Registrant  issued  Commercial  Mortgage  Pass-Through  Certificates,
Series 1999-C1 (the "Securities")  pursuant to a Pooling and Servicing Agreement
dated  as of July  1,  1999  (the  "Cut-off  Date")  among  Commercial  Mortgage
Acceptance Corp., as Depositor, Midland Loan Services, Inc., as Master Servicer,
ORIX Real  Estate  Capital  Markets,  LLC,  as Special  Servicer,  LaSalle  Bank
National  Association,  as Trustee, and ABN AMRO Bank N.V., as Fiscal Agent. The
assets of the Trust consist primarily of a pool of 242 fixed-rate mortgage loans
or  groups of  cross-collateralized  and  cross-defaulted  mortgage  loans  (the
"Mortgage  Loans") having an aggregate  principal balance as of the Cut-off Date
of  approximately  $733,801,916.  The Mortgage Loans are secured by  multifamily
and commercial properties (each, a "Mortgaged  Property").  The Trust was formed
on  July  1,  1999.   Security   Holders  receive   Monthly  Reports   regarding
distributions.

      Further  information  with  respect  to the  performance  of the  Trust is
summarized in the Monthly Reports to Security  Holders,  which are filed on Form
8-K.

ITEM 2.     PROPERTIES.

      Information regarding the Mortgaged Properties securing the Mortgage Loans
is set forth in the Prospectus  Supplement  and the Monthly  Reports to Security
Holders.  The Trust will  acquire  title to real estate only upon default of the
mortgagors under the Mortgage Loans. As of February 29, 1999, the Trust Fund did
not own any real estate. Therefore, this item is inapplicable.

ITEM 3.     LEGAL PROCEEDINGS.

      There are no material  pending legal  proceedings  involving the Trust or,
with respect to the Trust or the Mortgage Loans, the Trustee, any custodian, the
Servicer or the Depositor,  other than ordinary routine litigation incidental to
the Trustee's,  any custodian's,  the Servicer's or the Depositor's duties under
the Pooling and Servicing Agreement.


                                     PART II

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

      No matters were submitted to a vote of Security  Holders during the fiscal
year covered by this report.


ITEM 5.     MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED
            STOCKHOLDER MATTERS.

(a)  The  Registrant's   Series  1999-C1   Securities   represent   non-recourse
obligations of the Trust, such Trust having assets which consist of the Mortgage
Loans. Strictly speaking, Registrant has no "common equity," but for purposes of
this Item only,  Registrant's  Commercial  Mortgage  Pass-Through  Certificates,
Series 1999-C1 (the "Securities"), are treated as "common equity."

   (i)      Market  Information.  There is no established  public trading market
            for Registrant's Securities.  Registrant believes the Securities are
            traded  primarily  in  intra-dealer   markets  and   non-centralized
            inter-dealer markets.

   (ii)     Holders. The approximate number of registered holders of all classes
            of Securities as of February 29, 2000 was less than 50.

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<PAGE>



   (iii)    Dividends.  Not  applicable.  The  information  regarding  dividends
            required  by  sub-paragraph  (c) of Item  201 of  Regulation  S-K is
            inapplicable  because  the Trust  does not pay  dividends.  However,
            information  about  distributions to Security Holders is provided in
            the  Monthly  Reports to Security  Holders,  which are filed on Form
            8-K,  for each month of the fiscal year in which a  distribution  to
            Security Holders was made.

   (iv)     Sales of Unregistered  Securities.  Classes G, H , J, K, L, M, N, O,
            P, R-I,  R-II,  and R-III  Certificates  were  privately  offered to
            qualified   institutional   buyers  and   institutional   accredited
            investors by Morgan Stanley & Co.  Incorporated as placement  agent.
            The privately placed  Certificates  were sold to the placement agent
            at the  following  prices,  expressed as a percentage of the initial
            principal balances of the Certificates:

                   Class                  Price to Initial
                                              Purchaser
                   G                            88.34%
                   H                            77.54%
                   J                            75.96%
                   K                            70.86%
                   L                            63.62%
                   M                            59.94%
                   N                            51.42%
                   O                            31.87%
                   P                            30.09%


            The Depositer  received no consideration  for the transfer of the
            Class R-I, Class R-II,and Class R-III Certificates.

(b) Not applicable.

ITEM 6.     SELECTED FINANCIAL DATA.

      Not  Applicable.   Because  of  the  limited   activities  of  the  Trust,
information  with respect to the  performance  of the Trust is summarized in the
Monthly Reports to Security Holders,  which are filed on a monthly basis on Form
8-K.

      Each   Mortgage   Loan,   and  each  group  of   cross-collateralized   or
cross-defaulted  Mortgage Loans, had an aggregate principal balance of less than
10% of the aggregate  principal  balance of the Mortgage Loans as of the Cut-off
Date.

ITEM 7.     MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
            RESULTS OF OPERATION.

     Not applicable.  The information  required by item 303 of Regulation S-K is
inapplicable  because the Trust does not have  management per se, but rather the
Trust has a Trustee  who  causes  the  preparation  of the  Monthly  Reports  to
Security Holders. Information concerning the Mortgage Loans and distributions to
the Security  Holders is contained  in the Monthly  Reports to Security  Holders
which are filed on Form 8-K, and in the Annual  Statement of Compliance  and the
Management's Report of Compliance filed under Item 14 of Form 10-K.

ITEM 7A.    QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

            Not Applicable.


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<PAGE>


ITEM 8.     FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

     Not Applicable. Because of the limited activities of the Trust, information
with  respect to the Trust is  summarized  in the  Monthly  Reports to  Security
Holders, which are filed on Form 8-K.

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

      None.

                                    PART III

ITEM 10.    DIRECTORS AND EXECUTIVE OFFICERS OF REGISTRANT.

     Not applicable.  The Trust does not have officers or directors.  Therefore,
the   information   requested  by  items  401  and  405  of  Regulation  S-K  is
inapplicable.

ITEM 11.    EXECUTIVE COMPENSATION.

     Not applicable.  The Trust does not have officers or directors.  Therefore,
the information requested by item 402 of Regulation S-K is inapplicable.

ITEM 12.    SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
            MANAGEMENT.

    (a)   Security ownership of certain beneficial owners. Not applicable. Under
          the Pooling and Servicing  Agreement  governing the Trust, the holders
          of the  Securities  generally  do not have  the  right to vote and are
          prohibited from taking part in management of the Trust. Therefore, the
          information   requested   by  item   403(a)  of   Regulation   S-K  is
          inapplicable.

     (b)  Security ownership of management.  Not applicable.  The Trust does not
          have any officers or directors.  Therefore,  the information requested
          by item 403(b) of Regulation S-K is inapplicable.

     (c)  Changes in control.  Not applicable.  Because  Security Holders do not
          possess,  directly  or  indirectly,  the  power to direct or cause the
          direction of the management and policies of the Trust, other than with
          respect to certain required  consents to amendments to the Pooling and
          Servicing  Agreement and  the ability of holders of specified  amounts
          of the  Securities to act as a group in the event of the occurrence of
          certain events which if continuing would constitute  events of default
          under the Pooling and Servicing Agreement,  the information  requested
          with respect to item 403(c) of Regulation S-K is inapplicable.

ITEM 13.    CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

     Not applicable. The Trust does not have officers or directors and under the
Pooling  and  Servicing  Agreement  governing  the  Trust,  the  holders of  the
Securities generally do not have the right to vote.  Therefore,  the information
requested by items 404 of Regulation S-K is inapplicable.

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<PAGE>



                                     PART IV

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

     (a)    The following is a list of documents filed as part of this report:

            EXHIBITS

            *4.1  Pooling  and  Servicing  Agreement  dated  as of July 1,  1999
                  (hereby   incorporated   by   reference   as  Exhibit  4.1  to
                  Registrant's  Current Report on Form 8-K  dated  July 27, 1999
                  and filed August 10, 1999).

            99.1  Servicer's  Annual  Statement  as to  Compliance  for the year
                  ended December 31, 1999.

            99.2  Independent Auditor's Report for the year ended  December  31,
                  1999.

            99.3  Management's Report of Compliance for the year ended  December
                  31, 1999.
            -----------------
            *     Asterisk indicates exhibits incorporated by reference as indi-
                  cated.


     (b)    The following reports on Form 8-K were filed during the last quarter
            of the period covered by the Report:


Current Report on Form 8-K dated October 15, 1999     (filing monthly Statements
                                                       to Security Holders)
Current Report on Form 8-K dated November 15, 1999    (filing monthly Statements
                                                       to Security Holders)
Current Report on Form 8-K dated December 15, 1999    (filing monthly Statements
                                                       to Security Holders)

       The following reports on Form 8-K describes an event which occurred,
       in part,  during  the last  quarter  of the  period  covered by this
       Report:

Current Report on Form 8-K dated January 15,1999      (filing monthly Statements
                                                       to    Security    Holders
                                                       regarding   distributions
                                                       made on January 15, 2000)

     (c)    The exhibits required to be filed by Registrant pursuant to item 601
            of  Regulation  S-K are listed  above and in the Exhibit  Index that
            immediately follows the signature page hereof.

     (d)    Not  Applicable.  The  Trust  does  not  have  any  subsidiaries  or
            affiliates.  Therefore,  no  financial  statements  are  filed  with
            respect to subsidiaries or affiliates.

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<PAGE>



                    SUPPLEMENTAL INFORMATION TO BE FURNISHED
                  WITH REPORTS FILED PURSUANT TO SECTION 15(D)
                    BY REGISTRANTS WHICH HAVE NOT REGISTERED
                  SECURITIES PURSUANT TO SECTION 12 OF THE ACT

      No  Annual  report,  proxy  statement,  form of proxy or other  soliciting
material  has  been  sent to  Security  Holders,  and the  Registrant  does  not
contemplate sending any such materials subsequent to the filing of this report.

                                    SIGNATURE


Pursuant to the  requirement of Section 13 or 15(d) of the  Securities  Exchange
Act of 1934,  Registrant  has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.


                              MIDLAND LOAN SERVICES, INC., not in its individual
                              capacity but solely as a duly authorized  agent of
                              Registrant pursuant to Section 3.20 of the Pooling
                              and Servicing Agreement dated as of July 1, 1999.

                                    By:     /s/ Lawrence D. Ashley
                                            ----------------------------
                                    Name:   Lawrence D. Ashley
                                    Title:  Senior Vice President

Date: March 30, 2000

                                       6
<PAGE>


                                  EXHIBIT INDEX

EXHIBIT                       DOCUMENT


*4.1                          Pooling and Servicing  Agreement  dated as of July
                              1,  1999  (hereby  incorporated  by  reference  as
                              Exhibit 4.1 to Registrant's Current Report on Form
                              8-K dated July 27,1999 and filed August 10, 1999).

99.1                          Servicer's Annual Statement as  to  Compliance for
                              the year ended December 31, 1999.

99.2                          Independent Auditor's Report  for  the  year ended
                              December 31, 1999.

99.3                          Management's Report of Compliance  for  the   year
                              ended December 31, 1999.
--------------------
*     Asterisk indicates exhibits incorporated by reference as indicated.




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