Registration No. 33-84894
Rule 424(b)(3)
SUPPLEMENT TO PROSPECTUS SUPPLEMENT DATED OCTOBER 26, 1995
MLCC MORTGAGE INVESTORS, INC., Seller
ML Home Equity Loan Pass-Through Certificates,
Series 1995-2, Class A
MERRILL LYNCH CREDIT CORPORATION
Servicer
_____________________________________________________________________________
On October 31, 1995, the ML Home Equity Loan Trust 1995-2 (the "Trust")
issued the ML Home Equity Loan Pass-Through Certificates, Series 1995-2 (the
"Certificates") in an original aggregate principal amount of approximately
$376,876,403. Each Certificate represented an undivided interest in the
Trust created pursuant to a Pooling and Servicing Agreement dated as of
October 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 page S-30 of the Prospectus Supplement are hereby updated, in
their entirety, as follows:
1995-2
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>
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.
Additionally, the information contained in the table entitled "Cut-off
Date Trust Balances of Mortgage Loans" under the heading "The Mortgage Loan
Pool--The Mortgage Loans" on page S-21 of the Prospectus Supplement is hereby
updated to indicate, as of December 31, 1997, the Loan Balances of the
Mortgage Loans:
1995-2
TRUST BALANCES OF MORTGAGE LOANS AS OF DECEMBER 31, 1997
<TABLE>
<CAPTION>
NUMBER OF % OF POOL
MORTGAGE TRUST BY TRUST
RANGE OF TRUST BALANCES LOANS BALANCE BALANCE
- --------------------------------------- --------- ---------------- ----------
<S> <C> <C> <C>
$ 4,999.99 or Lower . . . . . . . . 1,211 $ 2,642,186.46 2.29%
$ 5,000.00- 9,999.99 . . . . . 606 4,349,862.66 3.78
$ 10,000.00- 14,999.99 . . . . . 408 4,932,512.79 4.28
$ 15,000.00- 19,999.99 . . . . . 285 4,970,714.97 4.31
$ 20,000.00- 24,999.99 . . . . . 224 4,997,650.28 4.34
$ 25,000.00- 29,999.99 . . . . . 162 4,437,471.68 3.85
$ 30,000.00- 34,999.99 . . . . . 123 3,963,981.71 3.44
$ 35,000.00- 39,999.99 . . . . . 127 4,723,297.61 4.10
$ 40,000.00- 44,999.99 . . . . . 102 4,317,254.82 3.75
$ 45,000.00- 49,999.99 . . . . . 100 4,786,286.29 4.15
$ 50,000.00- 54,999.99 . . . . . 52 2,707,598.67 2.35
$ 55,000.00- 59,999.99 . . . . . 49 2,810,324.62 2.44
$ 60,000.00- 64,999.99 . . . . . 38 2,379,684.32 2.07
$ 65,000.00- 69,999.99 . . . . . 38 2,562,568.75 2.22
$ 70,000.00- 74,999.99 . . . . . 39 2,839,435.79 2.46
$ 75,000.00- 99,999.99 . . . . . 110 9,387,822.71 8.15
$ 100,000.00- 149,999.99 . . . . 106 12,853,370.62 11.18
$ 150,000.00- 199,999.99 . . . . 39 6,828,543.68 5.93
$ 200,000.00- 249,999.99 . . . . 24 5,223,153.95 4.53
$ 250,000.00- 299,999.99 . . . . 19 5,204,621.78 4.52
$ 300,000.00- 349,999.99 . . . . 12 3,860,380.84 3.35
$ 350,000.00- 399,999.99 . . . . 5 1,839,693.42 1.60
$ 400,000.00- 449,999.99 . . . . 3 1,249,234.29 1.08
$ 450,000.00- 499,999.99 . . . . 2 937,772.59 0.81
$ 500,000.00- 549,999.99 . . . . 1 549,584.25 0.48
$ 550,000.00- 599,999.99 . . . . 1 580,485.38 0.50
$ 600,000.00- 649,999.99 . . . . 2 1,238,254.21 1.07
$ 650,000.00- 699,999.99 . . . . 2 1,360,092.31 1.18
$ 700,000.00- 749,999.99 . . . . 1 749,823.25 0.65
$ 950,000.00- 999,999.99 . . . . 1 963,370.66 0.84
$ 1,400,000.00- 1,499,999.99 . . . 1 1,485,432.67 1.29
$ 3,000,000.00 or Higher . . . . . . 1 3,464,650.00 3.01
--------- ---------------- ----------
TOTALS . . . . . . . 3,894 $115,197,118.03 100.00%
========= ================ ==========
</TABLE>
____________________
The date of this Supplement is April 13, 1998.
