Registration No. 33-84894
Rule 424(b)(3)
SUPPLEMENT TO PROSPECTUS SUPPLEMENT DATED MARCH 24, 1995
MLCC Mortgage Investors, Inc., Seller
ML Home Equity Loan Pass-Through Certificates,
Series 1995-1, Class A-1 and Class A-2
MERRILL LYNCH CREDIT CORPORATION
Servicer
_____________________________________________________________________________
On March 30, 1995, the ML Home Equity Loan Trust 1995-1 (the "Trust")
issued the ML Home Equity Loan Pass-Through Certificates, Series 1995-1 (the
"Certificates") in an original aggregate principal amount of $331,554,000.
Each Certificate represented an undivided interest in the Trust created
pursuant to a Pooling and Servicing Agreement dated as of March 1, 1995 by
and among MLCC Mortgage Investors, Inc., as seller, Merrill Lynch Credit
Corporation, as 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 Equity Access Program--Delinquency and Loan Loss
Experience" on pages S-38 and S-39 of the Prospectus Supplement are hereby
updated, in their entirety, as follows:
1995-1
MLCC MORTGAGE 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 Mos. Delinquent . . . $ 3,717 $ 5,161 $ 5,358 $ 8,447 $ 8,292 $ 5,450
Loan Balance of Revolving
Credit line Loans
3 Mos. 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 Serviced . . . . 2.11% 2.19% 2.63% 3.26% 3.53% 3.57%
</TABLE>
MLCC MORTGAGE 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>
As of end of Period:
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.
1995-1
The information contained in the tables set forth after the second
paragraph under the heading "MLCC and its Equity Access Program--Delinquency
and Loan Loss Experience" on page S-40 of the Prospectus Supplement are
hereby updated in their entirety as follows:
DIME PORTFOLIO DELINQUENCY EXPERIENCE
<TABLE>
<CAPTION>
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 mos.
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 serviced . . . . . . . . . . . . . . . . . . 1.63% 1.94% 2.56% 3.42%
Dime Portfolio Loan Loss Experience
As of December 31,
---------------------------------------------
1994 1995 1996 1997
--------- --------- -------- ---------
As of end of period:
Number of revolving 4,417 3,919 3,356 2,758
Aggregate loan balance of $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 revolving credit line loans
serviced.
Additionally, the information contained in the tables entitled
(a) "Cut-Off Date Trust Balances of MLCC Mortgage Loans" under the heading
"The Mortgage Loan Pool--The MLCC Mortgage Loans" on page S-26 of the
Prospectus Supplement and (b) "Cut-off Date Trust Balances of Dime Mortgage
Loans" under the heading "The Mortgage Loan Pool--The Dime Mortgage Loans" on
page S-31 of the Prospectus Supplement are hereby updated to indicate, as of
December 31, 1997, the Loan Balances of the Mortgage Loans:
1995-1
TRUST BALANCES OF MLCC MORTGAGE LOANS AS OF DECEMBER 31, 1997
<TABLE>
<CAPTION>
% of MLCC
Number of Mortgage
Mortgage Trust Loans by
Range of Trust Balances Loans Balance Trust Balance
- ----------------------------------------------- --------- --------------- -------------
<S> <C> <C> <C>
$ 4,999.99 or Lower . . . . . . . . . . . . 573 $ 1,288,768.76 1.40%
$ 5,000.00- 9,999.99 . . . . . . . . . 272 1,954,273.12 2.12
$ 10,000.00- 14,999.99 . . . . . . . . . 178 2,169,911.58 2.35
$ 15,000.00- 19,999.99 . . . . . . . . . 148 2,579,230.89 2.80
$ 20,000.00- 24,999.99 . . . . . . . . . 119 2,651,151.88 2.87
$ 25,000.00- 29,999.99 . . . . . . . . . 99 2,704,337.85 2.93
$ 30,000.00- 34,999.99 . . . . . . . . . 71 2,304,606.40 2.50
$ 35,000.00- 39,999.99 . . . . . . . . . 70 2,642,376.23 2.87
$ 40,000.00- 44,999.99 . . . . . . . . . 53 2,241,862.67 2.43
$ 45,000.00- 49,999.99 . . . . . . . . . 63 3,017,487.80 3.27
$ 50,000.00- 54,999.99 . . . . . . . . . 45 2,343,388.80 2.54
$ 55,000.00- 59,999.99 . . . . . . . . . 53 3,053,728.93 3.31
$ 60,000.00- 64,999.99 . . . . . . . . . 25 1,549,640.44 1.68
$ 65,000.00- 69,999.99 . . . . . . . . . 18 1,209,268.27 1.31
$ 70,000.00- 74,999.99 . . . . . . . . . 29 2,102,197.05 2.28
$ 75,000.00- 99,999.99 . . . . . . . . . 94 8,255,175.48 8.95
$ 100,000.00- 149,999.99 . . . . . . . . 99 11,986,401.26 13.01
$ 150,000.00- 199,999.99 . . . . . . . . 42 7,266,287.53 7.88
$ 200,000.00- 249,999.99 . . . . . . . . 19 4,253,537.34 4.61
$ 250,000.00- 299,999.99 . . . . . . . . 15 4,197,605.01 4.55
$ 300,000.00- 349,999.99 . . . . . . . . 10 3,235,467.21 3.51
$ 350,000.00- 399,999.99 . . . . . . . . 4 1,511,115.70 1.64
$ 400,000.00- 449,999.99 . . . . . . . . 5 2,079,815.44 2.26
$ 450,000.00- 499,999.99 . . . . . . . . 3 1,395,412.34 1.51
$ 500,000.00- 549,999.99 . . . . . . . . 3 1,525,715.58 1.65
$ 550,000.00- 599,999.99 . . . . . . . . 1 585,521.05 0.63
$ 600,000.00- 649,999.99 . . . . . . . . 2 1,237,954.14 1.34
$ 950,000.00- 999,999.99 . . . . . . . . 1 999,592.66 1.08
$ 1,000,000.00- 1,099,999.99 . . . . . . . 2 2,114,000.00 2.29
$ 1,100,000.00- 1,199,999.99 . . . . . . . 1 1,100,000.00 1.19
$ 1,400,000.00- 1,499,999.99 . . . . . . . 1 1,499,999.97 1.63
$ 2,200,000.00- 2,299,999.99 . . . . . . . 1 2,292,217.80 2.49
$ 2,800,000.00- 2,899,999.99 . . . . . . . 1 2,873,693.38 3.12
--------- --------------- -------------
TOTALS . . . . . . . . . . . . . . . . . . 2,120 $92,221,742.56 100.00%
========= =============== =============
</TABLE>
1995-1
TRUST BALANCES OF DIME MORTGAGE LOANS AS OF DECEMBER 31, 1997
<TABLE>
<CAPTION>
% of Dime
Number of Mortgage
Mortgage Trust Loans by
Range of Trust Balances Loans Balance Trust Balance
- --------------------------------------------------- --------- -------------- -------------
<S> <C> <C> <C>
$ 4,999.99 or Lower . . . . . . . . . . . . . . 337 $ 721,101.20 12.27%
$ 5,000.00- 9,999.99 . . . . . . . . . . . 143 988,028.26 16.83
$ 10,000.00- 14,999.99 . . . . . . . . . . . 74 869,978.92 14.80
$ 15,000.00- 19,999.99 . . . . . . . . . . . 37 617,916.82 10.51
$ 20,000.00- 24,999.99 . . . . . . . . . . . 17 373,197.55 6.35
$ 25,000.00- 29,999.99 . . . . . . . . . . . 9 241,861.33 4.11
$ 30,000.00- 34,999.99 . . . . . . . . . . . 8 261,802.23 4.45
$ 35,000.00- 39,999.99 . . . . . . . . . . . 1 35,000.00 0.60
$ 40,000.00- 44,999.99 . . . . . . . . . . . 4 166,796.00 2.84
$ 45,000.00- 49,999.99 . . . . . . . . . . . 4 185,849.29 3.16
$ 50,000.00- 54,999.99 . . . . . . . . . . . 3 152,977.81 2.60
$ 55,000.00- 59,999.99 . . . . . . . . . . . 1 58,487.00 1.00
$ 60,000.00- 64,999.99 . . . . . . . . . . . 1 63,779.43 1.09
$ 65,000.00- 69,999.99 . . . . . . . . . . . 1 65,000.00 1.08
$ 70,000.00- 74,999.99 . . . . . . . . . . . 1 71,845.00 1.22
$ 75,000.00- 99,999.99 . . . . . . . . . . . 2 169,058.70 2.88
$ 100,000.00- 149,999.99 . . . . . . . . . . 4 523,150.68 8.90
$ 300,000.00- 349,999.99 . . . . . . . . . . 1 311,965.96 5.31
--------- -------------- -------------
TOTALS . . . . . . . . . . . . . . . . . . . . 648 $5,877,796.18 100.00%
========= ============== =============
</TABLE>
____________________
The date of this Supplement is April 13, 1998.
