SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K


                                 CURRENT REPORT
                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


       Date of Report (Date of earliest event reported) July 11, 1996


              TRUST CREATED BY ASSET SECURITIZATION CORPORATION
                    (under a Pooling & Servicing Agreement
                  dated as of August 1, 1995, which Trust is
                the issuer of Commercial Mortgage Pass-Through
                          Certificates, Series 1995-D1)
                          =============================
            (Exact name of Registrant as specified in its Charter)





      New York                     33-89494-01                     13-3672337

(State or Other Jurisdiction      (Commission                 (I.R.S. Employer
of Formation)                      File No.)               Identification No.)

LaSalle National Bank, Trustee, 135 South LaSalle Street
Suite 200, Chicago, Illinois                                        60603
Attention:  Asset-backed Securities Trust Services                (Zip Code)
            Nomura 1995 - D1
(Address of principal executive office)

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


                         The Exhibit Index is on page 2.





                                    Page - 1
<PAGE>



ITEM 5.     OTHER EVENTS

      Attached  hereto  is a copy  of the July 11, 1996  Monthly  Remittance
Statement provided to the Certificateholders by the Trustee.


ITEM 7.     FINANCIAL STATEMENTS AND EXHIBITS

      Exhibits

      EX-19:  Monthly Remittance Statement to the  Certificateholders  dated as
       of July 11, 1996.

      EX-20:  Loan data file as of July 1996 Determination Date.






                                    SIGNATURE


      Pursuant to the  requirements 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.


                              MIDLAND LOAN SERVICES, L.P., not in its individual
                              capacity but solely as a duly authorized  agent of
                              the  Registrant  pursuant  to Section  3.22 of the
                              Pooling & Servicing  Agreement  dated as of August
                              1, 1995

                              By:   Midland Data  Systems,  Inc.,  its General
                              Partner



                                      /s/ Lawrence D. Ashley
                              By:     Lawrence D. Ashley

                              Title:  Director of MBS Programs


Date: July 11, 1996







                                  EXHIBIT INDEX

                                                                     Sequential
Document                                                           Page Number

EX-19 Monthly Statement to the Certificateholders                            3
dated as of July 11, 1996

EX-20 Loan data file as of July 1996                                        10


                                    Page - 2
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{"company-data": {"conformed-name": "ASSET SECURITIZATION CORP COMM MOR PASS THR CERT SER 1995-D1", "cik": "0001001297", "assigned-sic": "6189", "irs-number": "133672337", "state-of-incorporation": "NY", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-89494", "film-number": "96595856"}, "business-address": {"street1": "135 S LASALLE ST", "street2": "SUITE 200", "city": "CHICAGO", "state": "IL", "zip": "60603", "phone": "8002465761"}, "mail-address": {"street1": "C/O LASALLE NATIONAL BANK", "street2": "135 S LASALLE ST SUITE 200", "city": "CHICAGO", "state": "IL", "zip": "60603"}}
SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported) July 11, 1996

              TRUST CREATED BY ASSET SECURITIZATION CORPORATION
                    (under a Pooling & Servicing Agreement
                  dated as of August 1, 1995, which Trust is
                the issuer of Commercial Mortgage Pass-Through
                          Certificates, Series 1995-D1)
                          =============================
            (Exact name of Registrant as specified in its Charter)

      New York                     33-89494-01                     13-3672337

(State or Other Jurisdiction      (Commission                 (I.R.S. Employer
of Formation)                      File No.)               Identification No.)

LaSalle National Bank, Trustee, 135 South LaSalle Street
Suite 200, Chicago, Illinois                                        60603
Attention:  Asset-backed Securities Trust Services                (Zip Code)
            Nomura 1995 - D1
(Address of principal executive office)

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

                         The Exhibit Index is on page 2.

                                    Page - 1
ITEM 5.     OTHER EVENTS

      Attached  hereto  is a copy  of the July 11, 1996  Monthly  Remittance
Statement provided to the Certificateholders by the Trustee.

ITEM 7.     FINANCIAL STATEMENTS AND EXHIBITS

      Exhibits

      EX-19:  Monthly Remittance Statement to the  Certificateholders  dated as
       of July 11, 1996.

      EX-20:  Loan data file as of July 1996 Determination Date.

                                    SIGNATURE

      Pursuant to the  requirements 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.

                              MIDLAND LOAN SERVICES, L.P., not in its individual
                              capacity but solely as a duly authorized  agent of
                              the  Registrant  pursuant  to Section  3.22 of the
                              Pooling & Servicing  Agreement  dated as of August
                              1, 1995

                              By:   Midland Data  Systems,  Inc.,  its General
                              Partner

                                      /s/ Lawrence D. Ashley
                              By:     Lawrence D. Ashley

                              Title:  Director of MBS Programs

Date: July 11, 1996

                                  EXHIBIT INDEX

                                                                     Sequential
Document                                                           Page Number

EX-19 Monthly Statement to the Certificateholders                            3
dated as of July 11, 1996

EX-20 Loan data file as of July 1996                                        10

                                    Page - 2