Registration No. 33-77642
Rule 424(b)(3)
SUPPLEMENT TO PROSPECTUS SUPPLEMENT DATED JULY 28, 1994
MLCC Mortgage Investors, Inc., Seller
Senior/Subordinate Mortgage Pass-Through Certificates,
Series 1994A, Class A-1, A-2, A-3, M-1, A-4 and M-2 (Senior)
MERRILL LYNCH CREDIT CORPORATION
Master Servicer
_____________________________________________________________________________
On August 4, 1994, the Senior/Subordinate Pass-Through Certificates,
Series 1994A, Class A-1, A-2, A-3, M-1, A-4 and M-2 (the "Offered
Certificates") were issued in an approximate original aggregate principal
amount of $378,795,000. The Offered Certificates represented beneficial
interests in the Trust Fund created pursuant to a Pooling and Servicing
Agreement dated as of July 1, 1994 by and among MLCC 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 Mortgage Program--Delinquency and Loan Loss Experience"
on page S-41 of the Prospectus Supplement are hereby updated, in their
entirety, as follows:
1994 A (Reg# 33-77642)
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>
1994 A (Reg# 33-77642)
Additionally, the information contained in the tables entitled "Range of
Cut-Off Date Principal Balances for Loan Group 1", "Margins in Loan Group 1",
"Range of Cut-Off Date Principal Balances for Loan
Group 2" and "Margins in Loan Group 2" under the heading "The Mortgage Pool"
on pages S-29, S-31, S-33 and S-35, respectively, of the Prospectus
Supplement are hereby updated to indicate, as of December 31, 1997, the
Mortgage Loan Balances and margins of the Mortgage Loans:
RANGE OF PRINCIPAL BALANCES FOR LOAN GROUP 1 OF DECEMBER 31, 1997
<TABLE>
<CAPTION>
Number of % of Mortgage
Range of Mortgage Pool by
Principal Balances Loans Principal Balance Principal Balance
- ------------------------------------- ----------- ------------------ -----------------
<S> <C> <C> <C>
$ 0.00- 49,999.99 . . . . 4 $ 95,496.11 0.07%
$ 50,000.00- 54,999.99 . . . . 1 50,000.00 0.04
$ 60,000.00- 74,999.99 . . . . 2 132,249.98 0.10
$ 75,000.00- 99,999.99 . . . . 20 1,877,932.93 1.46
$ 100,000.00- 149,999.99 . . . 52 6,395,942.38 4.97
$ 150,000.00- 199,999.99 . . . 30 5,319,010.28 4.14
$ 200,000.00- 249,999.99 . . . 41 9,143,332.77 7.11
$ 250,000.00- 299,999.99 . . . 22 6,080,364.37 4.73
$ 300,000.00- 349,999.99 . . . 25 7,984,685.10 6.21
$ 350,000.00- 399,999.99 . . . 7 2,554,151.61 1.99
$ 400,000.00- 449,999.99 . . . 9 3,749,585.78 2.92
$ 450,000.00- 499,999.99 . . . 11 5,145,170.01 4.00
$ 500,000.00- 549,999.00 . . . 6 3,059,900.44 2.38
$ 550,000.00- 599,999.99 . . . 4 2,319,745.28 1.80
$ 600,000.00- 649,999.99 . . . 8 4,984,603.48 3.88
$ 650,000.00- 699,999.99 . . . 5 3,391,309.77 2.64
$ 700,000.00- 749,999.99 . . . 4 2,909,186.29 2.26
$ 750,000.00- 799,999.99 . . . 2 1,597,142.31 1.24
$ 800,000.00- 849,999.99 . . . 2 1,674,492.62 1.30
$ 850,000.00- 899,999.99 . . . 5 4,403,053.36 3.42
$ 900,000.00- 949,999.99 . . . 4 3,729,703.12 2.90
$ 950,000.00- 999,999.99 . . . 4 3,923,242.94 3.05
$ 1,000,000.00- 1,099,999.99 . . 7 7,282,354.36 5.66
$ 1,100,000.00- 1,199,999.99 . . 4 4,558,997.28 3.54
$ 1,200,000.00- 1,299,999.99 . . 1 1,280,000.00 1.00
$ 1,300,000.00- 1,399,999.99 . . 3 4,049,058.29 3.15
$ 1,400,000.00- 1,499,999.99 . . 1 1,491,571.18 1.16
$ 1,500,000.00- 1,599,999.99 . . 1 1,599,998.99 1.24
$ 1,700,000.00- 1,799,999.99 . . 1 1,740,000.00 1.35
$ 1,900,000.00- 1,999,999.99 . . 2 3,975,122.81 3.09
$ 2,000,000.00- 2,099,999.99 . . 4 8,149,996.99 6.33
$ 2,200,000.00- 2,299,999.99 . . 1 2,299,434.29 1.79
$ 2,400,000.00- 2,499,999.99 . . 1 2,499,999.82 1.94
$ 2,500,000.00- 2,599,999.99 . . 1 2,580,000.00 2.01
$ 2,600,000.00- 2,699,999.99 . . 1 2,600,000.00 2.02
$ 3,000,000.00 or Higher . . . . . 1 3,999,998.92 3.11
----------- ------------------ -----------------
TOTALS . . . . 297 $128,626,833.86 100.00%
=========== ================== =================
</TABLE>
1994 A (Reg# 33-77642)
MARGINS IN LOAN GROUP 1 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% 2 $ 2,491,571.18 1.94%
-0.125% 4 3,182,981.11 2.47
0.000% 13 5,543,300.21 4.31
0.125% 1 229,993.30 0.18
0.250% 13 2,999,477.11 2.33
0.500% 19 2,559,413.78 1.99
0.750% 4 446,837.00 0.35
0.875% 1 880,000.00 0.68
1.125% 1 867,690.16 0.67
1.250% 1 298,991.74 0.23
1.500% 21 29,150,294.94 22.66
1.625% 23 16,216,209.73 12.61
1.750% 55 30,736,091.13 23.90
1.875% 8 5,526,705.38 4.30
2.000% 44 13,669,700.98 10.63
2.125% 1 230,000.00 0.18
2.250% 68 11,127,740.24 8.65
2.375% 2 299,235.94 0.23
2.500% 16 2,170,599.93 1.69
-------------- -------------------- -----------------
TOTALS 297 $128,626,833.86 100.00%
============== ==================== =================
</TABLE>
_________________________
(1) The Margin is added to or subtracted from (as indicated) the applicable
Prime Index to arrive at the Mortgage Rate, except generally when the
Margin is greater than or equal to 0.875%, in which case it is added to
the applicable Six-Month LIBOR Index. Notwithstanding the foregoing,
the Mortgage Rate will not exceed its Maximum Mortgage Rate.
1994 A (Reg# 33-77642)
RANGE OF PRINCIPAL BALANCES FOR LOAN GROUP 2 AS OF DECEMBER 31, 1997
<TABLE>
<CAPTION>
% of Mortgage
Number of Pool by
Range of Mortgage Principal Principal
Principal Balances Loans Balance Balance
- ------------------------------------- ----------- ------------------ -----------------
<S> <C> <C> <C>
$ 55,000.00- 59,999.99 . . . . . 1 $ 59,967.14 0.07%
$ 60,000.00- 74,999.99 . . . . . 2 135,680.08 0.16
$ 75,000.00- 99,999.99 . . . . . 11 1,030,933.17 1.21
$ 100,000.00- 149,999.99 . . . . 26 3,224,255.11 3.79
$ 150,000.00- 199,999.99 . . . . 28 4,971,344.53 5.85
$ 200,000.00- 249,999.99 . . . . 22 4,767,630.42 5.61
$ 250,000.00- 299,999.99 . . . . 16 4,367,869.98 5.14
$ 300,000.00- 349,999.99 . . . . 14 4,373,084.38 5.14
$ 350,000.00- 399,999.99 . . . . 10 3,725,270.55 4.38
$ 400,000.00- 449,999.99 . . . . 9 3,750,127.59 4.41
$ 450,000.00- 499,999.99 . . . . 8 3,789,993.26 4.46
$ 500,000.00- 549,999.99 . . . . 2 1,042,000.00 1.23
$ 550,000.00- 599,999.99 . . . . 4 2,306,428.12 2.71
$ 600,000.00- 649,999.99 . . . . 4 2,439,632.25 2.87
$ 650,000.00- 699,999.99 . . . . 4 2,724,766.41 3.21
$ 700,000.00- 749,999.99 . . . . 5 3,617,999.80 4.26
$ 750,000.00- 799,999.99 . . . . 3 2,321,069.23 2.73
$ 800,000.00- 849,999.99 . . . . 4 3,262,000.00 3.84
$ 850,000.00- 899,999.99 . . . . 3 2,651,000.00 3.12
$ 900,000.00- 949,999.99 . . . . 1 931,695.66 1.10
$ 950,000.00- 999,999.99 . . . . 3 2,955,058.91 3.48
$ 1,000,000.00- 1,099,999.99 . . . 3 3,000,000.00 3.53
$ 1,100,000.00- 1,199,999.99 . . . 3 3,469,916.70 4.08
$ 1,200,000.00- 1,299,999.99 . . . 1 1,250,000.00 1.47
$ 1,400,000.00- 1,499,999.99 . . . 2 2,964,811.44 3.49
$ 1,500,000.00- 1,599,999.99 . . . 2 3,092,500.00 3.64
$ 1,800,000.00- 1,899,999.99 . . . 2 3,694,999.94 4.35
$ 1,900,000.00- 1,999,999.99 . . . 1 1,900,000.00 2.24
$ 2,200,000.00- 2,299,999.99 . . . 1 2,250,000.00 2.65
$ 2,400,000.00- 2,499,999.99 . . . 2 4,939,998.98 5.78
----------- ------------------ -----------------
TOTALS . . . . . 197 $85,010,033.65 100.00%
=========== ================== =================
</TABLE>
1994 A (Reg# 33-77642)
MARGINS IN LOAN GROUP 2 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>
-0.375% 1 $ 262,000.00 0.31%
0.000% 2 1,392,557.48 1.64
0.125% 3 1,020,874.57 1.20
0.250% 1 550,000.00 0.65
0.375% 4 1,062,950.00 1.25
0.500% 1 155,857.68 0.18
0.625% 5 707,680.31 0.83
0.750% 1 71,987.08 0.08
0.875% 3 480,409.96 0.57
1.000% 1 895,000.00 1.05
1.125% 2 1,098,000.00 1.29
1.250% 2 1,230,836.20 1.45
1.500% 1 568,000.00 0.67
1.625% 11 13,324,201.57 15.67
1.750% 17 13,005,816.85 15.30
1.875% 43 19,194,741.39 22.57
2.000% 17 14,090,908.48 16.58
2.125% 31 7,030,280.34 8.27
2.250% 3 797,499.99 0.94
2.375% 38 5,510,262.86 6.48
2.500% 2 660,000.00 0.78
2.500%(2) 2 1,138,256.25 1.34
2.625% 5 553,433.87 0.65
3.000% 1 208,478.77 0.25
-------------- ----------------- -----------------
TOTALS 197 $85,010,033.65 100.00%
============== ================= =================
</TABLE>
_________________________
(1) The Margin is added to or subtracted from (as indicated) the applicable
Prime Index to arrive at the Mortgage Rate, except generally when the
Margin is greater than or equal to 1.000%, in which case it is added to
the applicable Six-Month LIBOR Index. Notwithstanding the foregoing,
each Mortgage Rate for a Group 2 Loan will not exceed its Maximum
Mortgage Rate and is subject to its periodic cap.
(2) The Margin is added to the applicable Treasury Index to arrive at the
Mortgage Rate. Notwithstanding the foregoing, each Mortgage Rate for a
Group 2 Loan will not exceed its Maximum Mortgage Rate and is subject to
its periodic cap.
____________________
The date of this Supplement is April 13, 1998.
