IMPAC SECURED ASSETS CORP
8-K, 2000-09-08
ASSET-BACKED SECURITIES
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                                  UNITED STATES
                       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):  August 25, 2000

                            IMPAC FUNDING CORPORATION
           Mortgage Pass Through Certificates, Series 2000-1 Trust
             (Exact name of registrant as specified in its charter)

New York (governing law of           333-08439       52-2232858
Pooling and Servicing Agreement)     (Commission     52-2232860
(State or other                      File Number)    IRS EIN
jurisdiction)


        c/o Wells Fargo Bank Minnesota, N.A.
        11000 Broken Land Parkway
        Columbia, MD                                         21044
        (Address of principal executive offices)             (Zip Code)

        Registrant's telephone number, including area code:  (410) 884-2000

        Former name or former address, if changed since last report)


ITEM 5.  Other Events

On August 25, 2000 a distribution was made to holders of IMPAC FUNDING
CORPORATION, Mortgage Pass Through Certificates, Series 2000-1 Trust.

  ITEM 7.  Financial Statements and Exhibits

        (c)  Exhibits furnished in accordance with Item 601(a) of
             Regulation S-K

             Exhibit Number       Description

             EX-99.1              Monthly report distributed to holders of
                                  Mortgage Pass Through Certificates,
                                  Series 2000-1 Trust, relating to the
                                  August 25, 2000 distribution.

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 hereunto duly authorized.



                             IMPAC FUNDING CORPORATION
            Mortgage Pass Through Certificates, Series 2000-1 Trust

              By:   Wells Fargo Bank Minnesota, N.A., as Trustee
              By:   /s/ Sherri J. Sharps, Vice President
              By:   Sherri J. Sharps, Vice President
              Date: 9/6/2000


                                INDEX TO EXHIBITS

Exhibit Number                   Description

EX-99.1         Monthly report distributed to holders of Mortgage Pass Through
                Certificates, Series 2000-1 Trust, relating to the August 25,
                2000 distribution.



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