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):




November 15, 1995                               November 15, 1995
- ----------------                               ----------------





                 TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY

             (Exact name of Registrant as specified in its charter)



California              33-23781                   95-1060502
- ----------              --------                   ----------
(State                  (Commission File           (IRS Employer
or other                Number)                    Identification
jurisdiction of                                    No.)
incorporation)


1150 South Olive Street
Los Angeles, California                                (90015)
(Address of principal executive offices)              (Zip Code)

Registrant's telephone number, including area code:  (213) 742-4000




<PAGE>



Item 5.           Other Events


On November 15, 1995, the Registrant, as servicer of the trust fund (the
"Trust  Fund")   created  under  the  Pooling  and  Servicing   Agreement   (the
"Agreement")  dated as of May 22, 1989 between  Registrant and Security  Pacific
National Trust Company (New York),  as trustee,  made a monthly  distribution of
principal and interest from the Trust Fund to the holders of Registrant's Senior
Commercial Mortgage Pass-Through Certificates, Series 1989-1.

Registrant hereby files the attached Distribution Date Statement, dated
November 15, 1995,  prepared by Registrant and sent to the Trustee as required 
by Section 4.01(i) of the Agreement.


Item 7.           Financial Statements and Exhibits

         The following exhibit is filed as part of this report:

         Number            Exhibit

         1.                Distribution Date Statement (for the November 15,
                           1995 distribution to Senior Certificateholders)
                           dated November 15, 1995.




<PAGE>



                                S I G N A T U R E


         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.



                 TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY



                                  By
                                           Alan T. Cunningham
                                           Vice President and
                                           Deputy General Counsel


November 17, 1995






<PAGE>



                                S I G N A T U R E


         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.



                 TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY



                          By   Alan T. Cunningham
                                   Alan T. Cunningham
                                   Vice President and
                                   Deputy General Counsel


November 17, 1995




<PAGE>
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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):

November 15, 1995                               November 15, 1995
- ----------------                               ----------------

                 TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY

             (Exact name of Registrant as specified in its charter)

California              33-23781                   95-1060502
- ----------              --------                   ----------
(State                  (Commission File           (IRS Employer
or other                Number)                    Identification
jurisdiction of                                    No.)
incorporation)

1150 South Olive Street
Los Angeles, California                                (90015)
(Address of principal executive offices)              (Zip Code)

Registrant's telephone number, including area code:  (213) 742-4000
Item 5.           Other Events

On November 15, 1995, the Registrant, as servicer of the trust fund (the
"Trust  Fund")   created  under  the  Pooling  and  Servicing   Agreement   (the
"Agreement")  dated as of May 22, 1989 between  Registrant and Security  Pacific
National Trust Company (New York),  as trustee,  made a monthly  distribution of
principal and interest from the Trust Fund to the holders of Registrant's Senior
Commercial Mortgage Pass-Through Certificates, Series 1989-1.

Registrant hereby files the attached Distribution Date Statement, dated
November 15, 1995,  prepared by Registrant and sent to the Trustee as required 
by Section 4.01(i) of the Agreement.

Item 7.           Financial Statements and Exhibits

         The following exhibit is filed as part of this report:

         Number            Exhibit

         1.                Distribution Date Statement (for the November 15,
                           1995 distribution to Senior Certificateholders)
                           dated November 15, 1995.
S I G N A T U R E

         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.

                 TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY

                                  By
                                           Alan T. Cunningham
                                           Vice President and
                                           Deputy General Counsel

November 17, 1995
S I G N A T U R E

         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.

                 TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY

                          By   Alan T. Cunningham
                                   Alan T. Cunningham
                                   Vice President and
                                   Deputy General Counsel

November 17, 1995