<PAGE>
Prospectus Supplement
(To Prospectus Supplement Dated June 24, 1997 and Prospectus Dated
December 10, 1996)
$285,005,924
Mortgage Pass-Through Certificates, Series 1997-2
ICIFC Secured Assets Corp.
Company
The following statements in the above-referenced Prospectus
Supplement dated June 24, 1997 are restated as indicated below:
1. Under the heading "Allocation of Available Funds" on Pages
S-44 and S-45, paragraphs (A)third(a)(iii) through (viii) are restated
by multiplying each of the percentages thereunder by one hundred.
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Salomon Brothers Inc
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The date of this Prospectus Supplement is July 16, 1997.
