DLJ MORTGAGE ACCEPTANCE CORP MORT PASS THR CERT SER 1996-Q5
424B5, 1996-06-05
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                                  $161,107,236
                          DLJ Mortgage Acceptance Corp.
                                    Depositor
               Mortgage Pass-Through Certificates, Series 1996-Q5


                                ----------------

                          Supplement dated June 3, 1996
                                       to
                    Prospectus Supplement dated May 28, 1996
                                       to
                         Prospectus dated March 15, 1996

                                ----------------



CAPITALIZED TERMS USED HEREIN AND NOT OTHERWISE DEFINED HEREIN HAVE THE MEANINGS
ASSIGNED IN THE PROSPECTUS SUPPLEMENT DATED MAY 28, 1996 (THE "PROSPECTUS
SUPPLEMENT").

The "Delinquencies as a Percentage of Total Loans Outstanding" at March 31, 1996
in the table entitled "Equity Lending Program" under the heading "THE
SELLER--Loan Delinquency, Forbearance, Foreclosure, Bankruptcy and REO Property
Status" in the Prospectus Supplement is replaced by the following:

                                           EQUITY LENDING PROGRAM
                                               March 31, 1996
                               ----------------------------------------------
                                    Number of                  Principal
                                      Loans                     Amount
                               -------------------        -------------------
Delinquencies as a
Percentage of Total Loans
Outstanding. . . . . . . . . . .       17.29%                   16.70%



In addition, the principal amount of "Bankruptcies Pending" in the table
entitled "Regular Lending Program" under the heading "THE SELLER--Loan
Delinquency, Forbearance, Foreclosure, Bankruptcy and REO Property Status" in
the Prospectus Supplement is replaced by the following:

                                              REGULAR LENDING PROGRAM
                                                  March 31, 1995
                                    -----------------------------------------
                                                    Principal
                                                      Amount
                                              ---------------------
                                              (Dollars in Thousands)
BANKRUPTCIES PENDING (4). . .                        $33,845











THIS SUPPLEMENT MUST BE DELIVERED TOGETHER WITH THE PROSPECTUS AND PROSPECTUS
SUPPLEMENT REFERRED TO ABOVE, AND SHOULD BE READ IN CONJUNCTION THEREWITH.



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