Registration No. 33-92100
Rule 424(b)(3)
PROSPECTUS SUPPLEMENT TO PROSPECTUS DATED AUGUST 11, 1995
MLCC Mortgage Investors, Inc., Seller
Subordinate Mortgage Backed Certificates,
Series 1995-S1, Class A-1 and A-2
MERRILL LYNCH CREDIT CORPORATION
Certificate Administrator
_____________________________________________________________________________
On August 15, 1995, Subordinate Mortgage Backed Certificates, Series
1995-S1, Class A-1 and A-2 (the "Class A Certificates") were issued in an
approximate original aggregate principal amount of $50,117,687. The Class A
Certificates represented beneficial interests of approximately 59.41% in the
Trust Fund comprised of certain subordinate mortgage pass-through
certificates issued pursuant to separate pooling and servicing agreements
among Merrill Lynch Home Equity Acceptance, Inc., Merrill Lynch Mortgage
Investors, Inc. or MLCC Mortgage Investors, Inc., as seller, Merrill Lynch
Credit Corporation, as servicer, and Bankers Trust Company of California,
N.A., as trustee. This Prospectus Supplement to the above-referenced
Prospectus supplements and updates certain of the information set forth in
the Prospectus. Capitalized terms not defined herein have the meanings
ascribed to them in the Prospectus.
The first two tables set forth after the first paragraph under the
heading "MLCC and its Mortgage Programs--Delinquency and Loan Loss
Experience" on pages 74 and 75 of the Prospectus are hereby updated, in their
entirety, as follows:
1995-S1
PRIMEFIRST(Registered Trademark) LOAN DELINQUENCY EXPERIENCE
(Dollars in Thousands)
<TABLE>
<CAPTION>
December 31, 1997 December 31, 1996 December 31, 1995
------------------------ ----------------------- ------------------------
Number of Number of Number of
PrimeFirst Principal PrimeFirst Principal PrimeFirst Principal
Loans Amount Loans Amount Loans Amount
------------ ---------- ----------- ---------- ----------- -----------
<S> <C> <C> <C> <C> <C> <C>
PrimeFirst Loans
Outstanding . . . . . . 14,159 $5,302,950 11,054 $4,331,131 8,272 $3,536,761
Delinquency Period
30-59 Days . . . . . . 183 $ 66,254 180 $ 84,297 127 $ 56,370
60-89 Days . . . . . . 26 18,544 19 6,583 13 7,917
90 Days or More* . . . 24 18,072 29 27,590 44 45,749
------------ ---------- ----------- ---------- ----------- -----------
Total Delinquency . 233 $ 102,870 228 $ 118,470 184 $ 110,036
============ ========== =========== ========== =========== ===========
Delinquencies as
Percent of Number
of PrimeFirst
Loans and Principal
Amount Outstanding . . 1.65% 1.94% 2.06% 2.74% 2.22% 3.11%
Foreclosures . . . . . . 39 $47,396 29 $ 39,100 28 $ 38,209
Foreclosures as
Percent of Number
of PrimeFirst
Loans and Principal
Amount Outstanding . . 0.28% 0.89% 0.26% 0.90% 0.34% 1.08%
</TABLE>
_________________________________
* Does not include loans subject to bankruptcy proceedings.
PRIMEFIRST(Registered Trademark) LOAN LOSS EXPERIENCE
(Dollars in Thousands)
<TABLE>
<CAPTION>
Year Ended Year Ended Year Ended
December 31, 1997 December 31, 1996 December 31, 1995
------------------ ----------------- -------------------
<S> <C> <C> <C>
Average Principal Balance of
PrimeFirst Loan Portfolio . . . . . . . . $ 4,817,041 $ 3,933,946 $ 3,444,045
Average Number of PrimeFirst
Loans Outstanding During the Period . . . 12,607 9,663 7,944
Gross Charge-offs . . . . . . . . . . . . . $ 5,363 $ 6,157 $ 1,840
Recoveries . . . . . . . . . . . . . . . . $ 99 $ 0 $ 0
------------------ ----------------- -------------------
Net Charge-offs . . . . . . . . . . . . . . $ 5,264 $ 6,157 $ 1,840
================== ================= ===================
Net Charge-offs as a Percent
of Average Principal Balance
Outstanding . . . . . . . . . . . . . . . 0.11% 0.16% 0.05%
</TABLE>
The first two tables set forth after the first paragraph under the heading
"MLCC and its Mortgage Programs--Delinquency and Loan Loss Experience" on page
78 of the Prospectus are hereby updated, in their entirety, as follows:
REVOLVING CREDIT LINE LOAN DELINQUENCY EXPERIENCE
(DOLLARS IN THOUSANDS)
<TABLE>
<CAPTION>
As of December 31,
---------------------------------------------------------------------------------
1992 1993 1994 1995 1996 1997
---------- ---------- ------------- -------------- -------------- ---------------
<S> <C> <C> <C> <C> <C> <C>
Number of revolving
credit line loans
serviced . . . . . 15,084 13,839 15,598 25,056 28,368 31,395
Aggregate loan
balance of revolving
credit line loans
serviced. . . . . . $1,062,930 $1,037,427 $1,079,693 $1,293,483 $1,353,800 $1,387,217
Loan balance of
revolving credit
line loans
2 months
delinquent. . . . . $ 3,717 $ 5,161 $ 5,358 $ 8,447 $ 8,292 $ 5,450
Loan balance of
revolving credit
line loans
3 months or more
delinquent . . . . $ 18,751 $ 17,508 $ 22,989 $ 33,763 $ 39,508 $ 44,104
Total of 2 months
or more delinquent
as a percentage
of aggregate loan
balance of
revolving
credit line loans . 2.11% 2.19% 2.63% 3.26% 3.53% 3.57%
</TABLE>
REVOLVING CREDIT LINE LOAN LOSS EXPERIENCE
(DOLLARS IN THOUSANDS)
<TABLE>
<CAPTION>
As of December 31,
----------------------------------------------------------------------------
1992 1993 1994 1995 1996 1997
------------- ----------- ----------- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Number of revolving
credit line loans
serviced . . . . . . 15,084 13,839 15,598 25,056 28,368 31,395
Aggregate loan balance
of revolving credit
line loans serviced . $1,062,930 $1,037,427 $1,079,693 $1,293,483 $1,353,800 $1,387,217
For the Period:
Gross charge-offs
dollars . . . . . $ 1,447 $ 3,153 $ 1,118 $ 3,700 $ 1,860 $ 4,269
Percentage(1) . . . 0.14% 0.30% 0.10% 0.29% 0.14% 0.31%
</TABLE>
_____________
(1) As a percentage of aggregate balance of revolving credit line loans
serviced.
The first two tables set forth after the first paragraph under the
heading "MLCC and its Mortgage Programs -- Dime Revolving Credit Loans --
Delinquency and Loan Loss Experience" on page 81 of the Prospectus are hereby
updated, in their entirety, as follows:
1995-S1
<TABLE>
<CAPTION>
DIME PORTFOLIO DELINQUENCY EXPERIENCE
(DOLLARS IN THOUSANDS)
As of December 31,
----------------------------------------------------------
1994 1995 1996 1997
----------- ------------ ------------ --------------
<S> <C> <C> <C> <C>
Number of revolving
credit line loans
serviced . . . . . . . . . . . . . . . 4,417 3,919 3,356 2,758
Aggregate loan balance
of revolving credit
line loans serviced . . . . . . . . . . $233,053 $200,367 $163,241 $128,391
Loan balance of revolving
credit line loans
2 months delinquent . . . . . . . . . . $ 1,743 $ 1,000 $ 1,039 $ 809
Loan balance of revolving
credit line loans
3 months or more delinquent . . . . . . $ 2,056 $ 2,885 $ 3,145 $ 3,589
Total of 2 months or more
delinquent as a
percentage of aggregate
loan balance of
revolving credit line loans . . . . . . 1.63% 1.94% 2.56% 3.42%
DIME PORTFOLIO LOSS EXPERIENCE
(DOLLARS IN THOUSANDS)
As of December 31,
----------------------------------------------------------
1994 1995 1996 1997
----------- ------------ ------------ --------------
<S> <C> <C> <C> <C>
As of end of Period:
Number of revolving credit
line loans serviced . . . . . . . . . 4,417 3,919 3,356 2,758
Aggregate loan balance of
revolving credit
line loans serviced . . . . . . . . . $233,053 $200,367 $163,241 $128,391
For the Period:
Gross charge-offs dollars . . . . . . . $ 74 $ 95 $ 327 $ 130
Percentage(1) . . . . . . . . . . . . . 0.03% 0.05% 0.20% 0.10%
</TABLE>
______________
(1) As a percentage of aggregate balance of Mortgage Loans serviced.
The information contained in the tables entitled "Statistics Date Group
1 Loan Principal Balances", "Range of Prime Index Based Group 1 Margins" and
"Range of Six-Month LIBOR Based Group 1 Margins", "Statistics Data Fixed Rate
Loan Principal Balances" and "Statistics Date Group 2 Loan Principal
Balances" under the heading "The Mortgage Pools" on pages 58, 59, 62 and 64
respectively, of the Prospectus are hereby updated to indicate, as of
December 31, 1997, the Mortgage Loan Balances and margins of the Mortgage
Loans:
1995-S1
GROUP 1 LOAN PRINCIPAL BALANCES AS OF DECEMBER 31, 1997
<TABLE>
<CAPTION>
% of Group 1
Number of Principal Loans by
Range of Principal Balances Group 1 Loans Balance Principal Balance
- ----------------------------------- ------------- --------------- -----------------
<S> <C> <C> <C>
$ 0.00- 49,999.99 . . . 39 $ 1,182,231.38 0.12%
$ 50,000.00- 54,999.99 . . . 11 562,303.28 0.06
$ 55,000.00- 59,999.99 . . . 8 465,404.93 0.05
$ 60,000.00- 74,999.99 . . . 29 1,974,134.70 0.20
$ 75,000.00- 99,999.99 . . . 125 11,504,870.15 1.17
$ 100,000.00- 149,999.99 . . 334 41,304,201.99 4.20
$ 150,000.00- 199,999.99 . . 281 49,853,896.04 5.07
$ 200,000.00- 249,999.99 . . 265 58,313,185.99 5.92
$ 250,000.00- 299,999.99 . . 196 54,179,215.55 5.51
$ 300,000.00- 349,999.99 . . 161 51,395,568.69 5.23
$ 350,000.00- 399,999.99 . . 118 44,154,465.39 4.49
$ 400,000.00- 449,999.99 . . 81 34,070,801.70 3.47
$ 450,000.00- 499,999.99 . . 60 28,495,920.38 2.90
$ 500,000.00- 549,999.99 . . 52 27,009,812.36 2.75
$ 550,000.00- 599,999.99 . . 47 27,062,909.46 2.75
$ 600,000.00- 649,999.99 . . 48 29,844,494.31 3.04
$ 650,000.00- 699,999.99 . . 40 27,064,482.41 2.75
$ 700,000.00- 749,999.99 . . 36 26,029,926.05 2.65
$ 750,000.00- 799,999.99 . . 26 20,153,535.34 2.05
$ 800,000.00- 849,999.99 . . 22 18,028,109.72 1.83
$ 850,000.00- 899,999.99 . . 33 28,883,516.83 2.94
$ 900,000.00- 949,999.99 . . 20 18,443,919.61 1.88
$ 950,000.00- 999,999.99 . . 23 22,712,035.56 2.31
$ 1,000,000.00- 1,099,999.99 . 48 49,269,576.02 5.01
$ 1,100,000.00- 1,199,999.99 . 33 37,707,749.18 3.84
$ 1,200,000.00- 1,299,999.99 . 25 31,222,278.94 3.18
$ 1,300,000.00- 1,399,999.99 . 14 18,747,730.44 1.91
$ 1,400,000.00- 1,499,999.99 . 11 15,987,490.21 1.63
$ 1,500,000.00- 1,599,999.99 . 13 20,249,249.24 2.06
$ 1,600,000.00- 1,699,999.99 . 7 11,540,342.02 1.17
$ 1,700,000.00- 1,799,999.99 . 9 15,825,223.17 1.61
$ 1,800,000.00- 1,899,999.99 . 8 14,629,418.69 1.49
$ 1,900,000.00- 1,999,999.99 . 9 17,715,788.22 1.80
$ 2,000,000.00- 2,099,999.99 . 13 26,326,495.51 2.68
$ 2,100,000.00- 2,199,999.99 . 2 4,297,070.15 0.44
$ 2,200,000.00- 2,299,999.99 . 4 9,044,938.31 0.92
$ 2,400,000.00- 2,499,999.99 . 10 24,577,384.88 2.50
$ 2,500,000.00- 2,599,999.99 . 3 7,679,999.74 0.78
$ 2,600,000.00- 2,699,999.99 . 2 5,200,000.00 0.53
$ 2,800,000.00- 2,899,999.99 . 1 2,849,999.80 0.29
$ 2,900,000.00- 2,999,999.99 . 5 14,919,885.72 1.52
$ 3,000,000.00 or Higher . . . . 8 32,448,966.01 3.30
------------- --------------- -----------------
TOTALS . . . . . . . . . . . . . . 2,280 $982,928,528.07 100.00%
============= =============== =================
</TABLE>
1995-S1
RANGE OF PRIME INDEX BASED GROUP 1 MARGINS
AS OF DECEMBER 31, 1997
<TABLE>
<CAPTION>
% of
Number of Prime Index Based
Prime Index Based Group 1 Loans by
Margin Group 1 Loans Principal Balance Principal Balance
- ---------------------- ----------------- ------------------ ------------------
<S> <C> <C> <C>
-0.500% 4 $ 1,495,083.30 0.84%
-0.375% 1 262,000.00 0.15
-0.250% 25 34,926,087.10 19.52
-0.125% 33 22,818,060.37 12.75
0.000% 146 54,120,786.95 30.23
0.125% 9 4,788,750.26 2.68
0.250% 144 29,708,117.55 16.60
0.375% 6 1,423,188.02 0.80
0.500% 212 26,008,978.28 14.54
0.625% 5 707,680.31 0.40
0.750% 15 1,536,670.95 0.86
0.875% 3 480,409.96 0.27
1.000% 5 642,912.43 0.30%
----------------- ------------------ ------------------
TOTALS 608 $178,918,725.48 100.0
================= ================== ==================
</TABLE>
RANGE OF SIX-MONTH LIBOR BASED GROUP 1 MARGINS
AS OF DECEMBER 31, 1997
<TABLE>
<CAPTION>
Number of % of Six-Month LIBOR
Six-Month LIBOR Based Based Group 1 Loans by
Margin Group 1 Loans Principal Balance Principal Balance
- ---------------------- ---------------------- ---------------------- ----------------------
<S> <C> <C> <C>
0.875% 2 $ 1,479,679.92 0.18%
1.000% 7 5,351,947.50 0.67
1.125% 6 4,019,690.16 0.50
1.250% 12 6,190,932.62 0.77
1.500% 175 248,136,920.40 30.92
1.625% 169 120,375,364.59 14.99
1.750% 412 199,224,094.04 24.82
1.875% 88 47,874,127.15 5.96
2.000% 312 89,946,873.50 11.20
2.125% 50 12,129,459.12 1.51
2.250% 303 48,982,267.36 6.10
2.375% 50 7,819,588.66 0.97
2.500% 65 9,685,146.37 1.21
2.625% 5 553,433.87 0.07
2.750% 8 1,009,899.94 0.13
---------------------- ---------------------- ----------------------
TOTALS 1,664 $802,779,425.20 100.00%
====================== ====================== ======================
</TABLE>
1995-S1
FIXED RATE GROUP 1 LOAN PRINCIPAL BALANCES AS OF DECEMBER 31, 1997
<TABLE>
<CAPTION>
% of Fixed
Rate Group 1
Number of Loans by
Fixed Group Principal Principal
Range of Principal Balances 1 Loans Balance Balance
- ----------------------------------- ----------- -------------- ------------
<S> <C> <C> <C>
$ 0.00 - 49,999.99 . . . 11 $ 443,605.42 1.06%
$ 50,000.00 - 54,999.99 . . . 2 108,250.04 0.26
$ 55,000.00 - 59,999.99 . . . 2 111,978.89 0.27
$ 60,000.00 - 74,999.99 . . . 2 129,380.46 0.31
$ 75,000.00 - 99,999.99 . . . 16 1,393,686.23 3.34
$ 100,000.00 - 149,999.99 . . 18 2,249,341.93 5.39
$ 150,000.00 - 199,999.99 . . 15 2,673,615.01 6.41
$ 200,000.00 - 249,999.99 . . 28 6,359,160.73 15.26
$ 250,000.00 - 299,999.99 . . 15 4,033,253.06 9.67
$ 300,000.00 - 349,999.99 . . 13 4,229,378.89 10.14
$ 350,000.00 - 399,999.99 . . 8 3,054,773.99 7.33
$ 400,000.00 - 449,999.99 . . 4 1,711,283.78 4.10
$ 450,000.00 - 499,999.99 . . 6 2,896,706.81 6.95
$ 500,000.00 - 549,999.99 . . 1 536,640.11 1.29
$ 600,000.00 - 649,999.99 . . 3 1,883,621.01 4.52
$ 650,000.00 - 699,999.99 . . 4 2,702,019.71 6.48
$ 700,000.00 - 749,999.99 . . 1 710,135.27 1.70
$ 800,000.00 - 849,999.99 . . 1 803,144.81 1.93
$ 850,000.00 - 899,999.99 . . 1 893,268.13 2.14
$ 1,200,000.00 - 1,299,999.99 . 1 1,228,881.75 2.95
$ 3,000,000.00 or Higher . . . . 1 3,542,552.66 8.50
----------- -------------- ------------
TOTALS 153 $41,694,678.69 100.00%
=========== ============== ============
</TABLE>
1995-S1
GROUP 2 LOAN PRINCIPAL BALANCES AS OF DECEMBER 31, 1997
<TABLE>
<CAPTION>
% of Group 2
Number of Principal Loans by
Range of Principal Balances Group 2 Loans Balance Principal Balance
- ------------------------------------- ------------- ------------------- --------------------
<S> <C> <C> <C>
$ 4,999.99 or Lower . . . . . . 2,095 $ 4,686,806.49 2.05
$ 5,000.00 - 9,999.99 . . . 997 7,055,692.41 3.08
$ 10,000.00 - 14,999.99 . . . 600 7,325,625.97 3.20
$ 15,000.00 - 19,999.99 . . . 406 7,037,013.28 3.07
$ 20,000.00 - 24,999.99 . . . 353 7,918,535.38 3.46
$ 25,000.00 - 29,999.99 . . . 274 7,499,368.25 3.27
$ 30,000.00 - 34,999.99 . . . 173 5,634,233.64 2.46
$ 35,000.00 - 39,999.99 . . . 159 5,983,723.58 2.61
$ 40,000.00 - 44,999.99 . . . 122 5,180,633.88 2.26
$ 45,000.00 - 49,999.99 . . . 142 6,762,709.22 2.95
$ 50,000.00 - 54,999.99 . . . 109 5,679,970.66 2.48
$ 55,000.00 - 59,999.99 . . . 112 6,447,101.34 2.81
$ 60,000.00 - 64,999.99 . . . 62 3,864,347.94 1.69
$ 65,000.00 - 69,999.99 . . . 54 3,639,976.81 1.59
$ 70,000.00 - 74,999.99 . . . 61 4,412,847.63 1.93
$ 75,000.00 - 99,999.99 . . . 245 21,493,002.07 9.38
$ 100,000.00 - 149,999.99 . . 228 27,618,330.85 12.08
$ 150,000.00 - 199,999.99 . . 97 16,754,421.33 7.31
$ 200,000.00 - 249,999.99 . . 71 15,674,469.03 6.84
$ 250,000.00 - 299,999.99 . . 33 9,057,891.75 3.95
$ 300,000.00 - 349,999.99 . . 21 6,865,522.29 3.00
$ 350,000.00 - 399,999.99 . . 10 3,821,088.94 1.67
$ 400,000.00 - 449,999.99 . . 11 4,600,453.44 2.01
$ 450,000.00 - 499,999.99 . . 4 1,881,442.44 0.82
$ 500,000.00 - 549,999.99 . . 6 3,109,524.17 1.36
$ 550,000.00 - 599,999.99 . . 1 585,521.05 0.26
$ 600,000.00 - 649,999.99 . . 5 3,076,969.27 1.34
$ 650,000.00 - 699,999.99 . . 3 2,049,425.40 0.89
$ 700,000.00 - 749,999.99 . . 2 1,426,997.78 0.62
$ 750,000.00 - 799,999.99 . . 1 758,024.00 0.33
$ 850,000.00 - 899,999.99 . . 1 892,538.38 0.39
$ 950,000.00 - 999,999.99 . . 1 999,592.66 0.44
$ 1,000,000.00 - 1,099,999.99 . 3 3,127,837.74 1.37
$ 1,100,000.00 - 1,199,999.99 . 2 2,257,945.81 0.99
$ 1,200,000.00 - 1,299,999.99 . 1 1,201,531.60 0.52
$ 1,400,000.00 - 1,499,999.99 . 2 2,999,911.97 1.31
$ 1,900,000.00 - 1,999,999.99 . 1 1,999,383.23 0.87
$ 2,200,000.00 - 2,299,999.99 . 1 2,292,217.80 1.00
$ 2,400,000.00 - 2,499,999.99 . 1 2,499,168.90 1.09
$ 2,800,000.00 - 2,899,999.99 . 1 2,873,693.38 1.25
------------- ------------------- --------------------
TOTALS 6,471 $229,045,491.76 100.00%
============= =================== ====================
</TABLE>
1995-S1
Additionally, the information contained in the tables entitled "Group 1
Certificate Characteristics" and "Group 2 Certificate Characteristics" under
the heading "Description of the Pooled Certificates-General" on pages 35 and
39, respectively, of the Prospectus are hereby updated to indicate, as of
December 31, 1997, the Certificate Characteristics:
1995-S1
SUBORDINATE 1995-S1
GROUP 1 CERTIFICATE CHARACTERISTICS AS OF DECEMBER 31, 1997
<TABLE>
<CAPTION>
Parties to Original
Pooling Type Senior Original
Month and of Original Mortgage Pooled
of Servicing Mortgage Principal Certificates Certificates
Series Issuance Agreement Loan Balance(1) Balance(2) Balance
- -------------- ---------- ------------- ----------- --------------- -------------- --------------
<S> <C> <C> <C> <C> <C> <C>
MLMI 1993F 9/93 (5) (6) $210,704,370 $202,758,500 $7,945,870
MLMI 1993I 11/93 (5) (6) 156,171,951 152,032,000 4,139,951
MLMI 1994A 1/94 (5) (6) 284,637,957 276,098,000 8,539,957
MLMI 1994F 3/94 (5) (6) 288,806,078 280,140,000 8,666,078
MLMI 1994H 5/94 (5) (6) 214,155,739 207,195,000 6,960,739
MLCCMI 1994A 7/94 (5) (6) 393,157,420 378,795,000 14,362,420
MLCCMI 1994B 12/94 (5) (6) 306,606,666 296,641,000 9,965,666
--------------- -------------- --------------
Totals . . . $1,854,240,181 $1,793,659,500 $60,580,681
=============== ============== ==============
</TABLE>
(table continued)
<TABLE>
<CAPTION>
Original
Pooled
Current Certificates Current Pooled
Current Senior Balance as a % Certificates
Group 1 Loan Mortgage Current Pooled of Original Balance as a %
Principal Certificates Certificates Principal of Principal
Series Balance(1)(3) Balance(2)(3) Balance(3) Balance(1) Balance(1)(3)
- -------------- -------------- -------------- --------------- ----------- -------------
<S> <C> <C> <C> <C> <C>
MLMI 1993F $90,587,316 $82,641,446 $7,945,870 3.77% 8.77%
MLMI 1993I 73,244,458 69,104,507 4,139,951 2.65% 5.65%
MLMI 1994A 144,035,461 135,495,504 8,539,957 3.00% 5.93%
MLMI 1994F 159,176,560 150,510,482 8,666,078 3.00% 5.44%
MLMI 1994H 128,940,945 121,980,206 6,960,739 3.25% 5.40%
MLCCMI 1994A 213,636,868 199,274,448 14,362,420 3.65% 6.72%
MLCCMI 1994B 173,306,921 163,341,255 9,965,666 3.25% 5.75%
-------------- -------------- --------------- ----------- -------------
Totals . . . . . $982,928,529 $922,347,848 $60,580,680 3.27%(7) 6.16%(7)
============== ============== =============== =========== =============
</TABLE>
(table continued)
<TABLE>
<CAPTION>
Current
Pooled Mortgage
Certificates 30-59 60+ Loans in CPR
Balance Day Day Foreclosure for the
as a % Delinquencies Delinquencies as a % Mortgage
of the as a % as a % of Loans
Respective of Principal of Principal Principal in the
Series Total(3) Balance(1)(3) Balance(1)(3) Balance(1)(3) Series(4)
- ---------------- ------------ ------------- ------------- ------------- ---------
<S> <C> <C> <C> <C> <C>
MLMI 1993F 13.12% 0.58% 0.00% 1.99% 17.70%
MLMI 1993I 6.83% 1.40% 0.00% 1.64% 16.60%
MLMI 1994A 14.10% 2.26% 0.25% 7.49% 15.70%
MLMI 1994F 14.31% 0.98% 0.00% 0.17% 14.40%
MLMI 1994H 11.49% 0.83% 0.00% 1.86% 12.90%
MLCCMI 1994A 23.71% 3.74% 1.83% 1.02% 16.00%
MLCCMI 1994B 16.45% 0.66% 2.38% 2.19% 16.90%
------------ ------------- ------------- ------------- ---------
Totals . . . . 100.00% 1.69%(7) 0.85%(7) 2.28%(7) N/A
============ ============= ============= ============= =========
</TABLE>
______________
(1) Includes only the Group 1 Loans (i.e., does not include any Fixed Rate
Loans).
(2) Includes only those Senior Mortgage Certificates that are principally
supported by the Group 1 Loans.
(3) As of December 31, 1997 (after the January 15, 1998 distribution).
(4) The CPR is the constant rate of prepayment each month, expressed as a
per annum percentage of the scheduled principal balance of the pool of
mortgage loans for that month, for the period from the Underlying Cut-
off Date for the Series to December 31, 1997.
(5) Merrill Lynch Mortgage Investors, Inc. (in the case of Series 1994A
(7/94) and Series 1994B, MLCC Mortgage Investors, Inc.), as depositor,
MLCC, as Servicer, and Bankers Trust Company of California, N.A., as
Underlying Trustee.
(6) The Mortgage Loans in all Loan Groups that principally support the
Pooled Certificates are adjustable rate PrimeFirst(Registered Trademark)
loans. See "The Mortgage Pools--Group 1 Loans."
(7) Weighted average of the percentages in the column above such number.
1995-S1
SUBORDINATE 1995-S1
GROUP 2 CERTIFICATE CHARACTERISTICS
<TABLE>
<CAPTION>
Parties
to Original
Pooling Type Senior Original
Month and of Distribution Original Mortgage Pooled
of Servicing Mortgage of Lien Pool Certificates Certificates
Series Issuance Agreement Loan Priority Balance Balance Balance
- ------------- -------- --------- -------- ------------- ------------ ------------- -------------
<S> <C> <C> <C> <C> <C> <C> <C>
1994-1 4/94 (3) (4)(5) (6) $366,122,025 $355,138,000 $10,984,025
1994-2 9/94 (3) (4) (7) 215,141,299 209,978,000 5,163,299
1995-1 3/95 (3) (4)(5) (8) 339,185,872 331,554,000 7,631,872
------------ ------------- -------------
Totals . . $920,449,196 $896,670,000 $23,779,196
============ ============= =============
</TABLE>
(table continued)
<TABLE>
<CAPTION>
Original
Pooled Current
Certificates Pooled
Balance Certificates
Current as a Balance
Senior Current % of as a
Current Mortgage Pooled Original % of
Pool Certificates Certificates Pool Pool
Series Balance(1) Balance(1) Balance(1) Balance Balance(1)
- --------------- -------------- ------------- ------------- ------------ --------------
<S> <C> <C> <C> <C> <C>
1994-1 $80,009,166 $69,025,140 $10,984,025 3.00% 13.73%
1994-2 49,393,211 44,229,912 5,163,299 2.40% 10.45%
1995-1 96,743,486 89,111,614 7,631,872 2.25% 7.89%
-------------- ------------- ------------- ------------ --------------
Totals . . . $226,145,863 $202,366,667 $23,779,196 2.58%(9) 10.51%(9)
============== ============= ============= ============ ==============
</TABLE>
(table continued)
<TABLE>
<CAPTION>
Current
Pooled
Certificates 30-59 60+ Mortgage CPR
Balance Day Day Loans in for the
as a % Delinquencies Delinquencies Foreclosure Mortgage
of the as a % as a % as a % Loans
Respective of Pool of Pool of Pool in the
Series Total(1) Balance(1) Balance(1) Balance(1) Series(2)
- ------------- ------------ ------------- ------------- ------------ ----------
<S> <C> <C> <C> <C> <C>
1994-1 46.20% 1.56% 3.09% 2.57% 33.3%
1994-2 21.71% 2.68% 2.78% 3.46% 35.7%
1995-1 32.09% 2.20% 2.15% 2.25% 35.8%
------------ ------------- ------------- ------------ ----------
Totals . . 100.00% 2.08%(9) 2.62%(9) 2.63%(9) N/A
============ ============= ============= ============ ==========
</TABLE>
______________
(1) As of December 31, 1997 (after the January 15, 1998 distribution).
(2) The CPR is the constant rate of prepayment each month, expressed as a
per annum percentage of the scheduled principal balance of the pool of
mortgage loans for that month, for the period from the Underlying Cut-
off Date for the Series to December 31, 1997.
(3) Merrill Lynch Home Equity Acceptance, Inc. (in the case of Series 1994-
1) and MLCC Mortgage Investors, Inc. (in the case of Series 1994-2 and
Series 1995-1), as depositor, MLCC, as Servicer, and Bankers Trust
Company of California, N.A., as Underlying Trustee.
(4) MLCC Revolving Credit Loans. See "MLCC and Its Mortgage Programs--
Equity Access(Registered Trademark) Program".
(5) Includes Dime Revolving Credit Loans. See "MLCC and Its Mortgage
Programs--Dime Revolving Credit Loans." Substantially all of the
Mortgaged Properties securing the Dime Revolving Credit Loans are
located in New York.
(6) 58.95% first liens and 41.05% second and third liens, based on the 1,520
MLCC Revolving Credit Loans as of the Statistics Date.
(7) 49.29% first liens and 50.71% second and third liens as of the
Statistics Date.
(8) 51.48% first liens and 48.52% second, third and fourth liens, based on
the 2,120 MLCC Revolving Credit Loans as of the Statistics Date.
(9) Weighted average of the percentages in the column above each number.
_____________________________
The date of this Prospectus Supplement is April 13, 1998.
