MLMI PRIMEFIRST ADJ RATE MO SEN SUB PASS THR CERT SER 1993B
424B3, 1998-04-14
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                                                    Registration No. 33-47672
                                                          Rule 424(b)(3)

         SUPPLEMENT TO PROSPECTUS SUPPLEMENT DATED FEBRUARY 10, 1993

                Merrill Lynch Mortgage Investors, Inc., Seller
          PrimeFirst(Registered Trademark) Adjustable Rate Mortgage
                Senior/Subordinate Pass-Through Certificates,
                Series 1993B, Class A-1, A-2 and A-3 (Senior)

                       MERRILL LYNCH CREDIT CORPORATION
                               Master Servicer
_____________________________________________________________________________

     On February  19, 1993, the  PrimeFirst(Registered Trademark)  Adjustable
Rate Mortgage  Senior/Subordinate Pass-Through  Certificates, Series   1993B,
Class  A-1,  A-2 and  A-3  (the "Class  A  Certificates") were  issued  in an
approximate original aggregate principal amount of $265,650,000.  The Class A
Certificates  represented beneficial interests of approximately 92.25% in the
Trust Fund created pursuant to a Pooling  and Servicing Agreement dated as of
February  1, 1993  by and  among Merrill  Lynch Mortgage  Investors,  Inc, as
seller,  Merrill Lynch Credit  Corporation, as  master servicer,  and Bankers
Trust Company of California, N.A., as trustee.  This Supplement to the above-
referenced Prospectus  Supplement (the  "Prospectus Supplement")  supplements
and  updates  certain  of  the   information  set  forth  in  the  Prospectus
Supplement.  Capitalized terms not  defined herein have the meanings ascribed
to them in the Prospectus Supplement.

     The  first two  tables  set forth  after the  first paragraph  under the
heading "MLCC and its PrimeFirst  Mortgage Program--Delinquency and Loan Loss
Experience" on  pages S-24 and S-25  of the Prospectus  Supplement are hereby
updated, in their entirety, as follows:


                               1993 B   Class A

         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>

                               1993 B   Class A

     Additionally, the information  contained in the table  entitled "Cut-Off
Date  Mortgage Loan  Principal Balances"  and  "Range of  Margins" under  the
heading "The  Mortgage Pool"  on pages  S-18 and  S-21, respectively, of  the
Prospectus Supplement is hereby updated to indicate, as of December 31, 1997,
the Mortgage Loan Balances and margins of the Mortgage Loans:

           MORTGAGE LOAN PRINCIPAL BALANCES AS OF DECEMBER 31, 1997

<TABLE>
<CAPTION>
                                                                                    % of Mortgage
                  Range of                      Number of                              Pool by
             Principal Balances               Mortgage Loans Principal Balance    Principal Balance
- -------------------------------------------   -------------- -----------------    -----------------
<S>                                           <C>            <C>                  <C>
$    0.00-          49,999.99 . . . . . . .             7     $    238,034.07             0.26%
$    50,000.00-     54,999.99 . . . . . . .             2          102,088.84             0.11
$    55,000.00-     59,999.99 . . . . . . .             1           55,468.07             0.06
$    60,000.00-     74,999.99 . . . . . . .             5          326,896.06             0.35
$    75,000.00-     99,999.99 . . . . . . .            10          922,016.50             1.00
$    100,000.00-    149,999.99  . . . . . .            33        4,003,210.84             4.35
$    150,000.00-    199,999.99  . . . . . .            33        5,927,283.57             6.44
$    200,000.00-    249,999.99  . . . . . .            40        8,774,516.36             9.53
$    250,000.00-    299,999.99  . . . . . .            34        9,307,703.13            10.10
$    300,000.00-    349,999.99  . . . . . .            28        9,068,823.29             9.85
$    350,000.00-    399,999.99  . . . . . .            13        4,818,045.96             5.23
$    400,000.00-    449,999.99  . . . . . .            12        5,047,519.80             5.48
$    450,000.00-    499,999.99  . . . . . .            11        5,270,178.91             5.72
$    500,000.00-    549,999.99  . . . . . .             7        3,541,474.96             3.85
$    550,000.00-    599,999.99  . . . . . .             4        2,303,377.69             2.50
$    600,000.00-    649,999.99  . . . . . .             7        4,369,541.33             4.74
$    650,000.00-    699,999.99  . . . . . .             4        2,728,893.14             2.96
$    700,000.00-    749,999.99  . . . . . .             1          749,999.99             0.81
$    750,000.00-    799,999.99  . . . . . .             3        2,347,220.11             2.55
$    800,000.00-    849,999.99  . . . . . .             2        1,648,998.95             1.79
$    850,000.00-    899,999.99  . . . . . .             2        1,750,000.00             1.90
$    900,000.00-    949,999.99  . . . . . .             2        1,815,000.00             1.97
$    950,000.00-    999,999.99  . . . . . .             2        1,997,092.46             2.17
$    1,000,000.00-  1,099,999.99  . . . . .             4        4,080,000.00             4.43
$    1,100,000.00-  1,199,999.99  . . . . .             2        2,255,527.73             2.45
$    1,200,000.00-  1,299,999.99  . . . . .             1        1,225,000.00             1.33
$    1,600,000.00-  1,699,999.99  . . . . .             1        1,610,000.00             1.75
$    1,700,000.00-  1,799,999.99  . . . . .             1        1,749,000.03             1.90
$    1,900,000.00-  1,999,999.99  . . . . .             1        1,996,978.74             2.17
$    2,000,000.00-  2,099,999.99  . . . . .             1        2,069,275.50             2.25 
                                              -------------- ----------------     -----------------
                   TOTALS   . . . . . . . .           274      $92,099,166.03           100.00%
                                              ============== ================     =================

</TABLE>

                               1993 B   Class A

                   RANGE OF MARGINS AS OF DECEMBER 31, 1997

<TABLE>
<CAPTION>
                                                                                 % of Mortgage
                              Number of                                             Pool by
       Margin/(1)/          Mortgage Loans          Principal Balance          Principal Balance
- ---------------------       --------------          -----------------          -----------------
<S>                         <C>                     <C>                        <C>
       -0.250%                      17                $ 18,931,593.74                 20.56%
       -0.125%                      30                  19,681,464.15                 21.37
        0.000%                      90                  30,347,883.07                 32.95
        0.250%                      78                  16,245,643.13                 17.64
        0.500%                      59                   6,892,581.94                  7.48 
                            --------------          -----------------          -----------------
     TOTALS                        274                 $92,099,166.03                100.00%
                            ==============          =================          =================

</TABLE>
________________________
(1)  The Margin is  added to or subtracted from (as indicated) the applicable
     Prime Index to  arrive at the Mortgage Rate; provided  that the Mortgage
     Rate will not exceed either 15.00% or 18.00% per annum, as applicable.
                             ____________________

               The date of this Supplement is April 13, 1998.



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