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:
<PAGE>
<TABLE>
<CAPTION>
Mortgage Loan Delinquency Experience
(Dollars in Thousands)
As of December 31,
----------------------------------------------------------------------------------------------
1994 1995 1996 1997 1998 1999
-------------- -------------- -------------- -------------- -------------- --------------
<S> <C> <C> <C> <C> <C> <C>
Number of revolving credit
line loans serviced........ 15,598 25,056 28,368 31,395 30,571 31,517
Aggregate loan balance of
Revolving credit line
loans serviced............. $1,079,693 $1,293,483 $1,353,800 $1,387,217 $1,191,938 $1,202,594
Loan balance of revolving
credit line loans 2 months
delinquent................. $ 5,358 $ 8,447 $ 8,292 $ 5,450 $ 6,634 $ 6,427
Loan balance of revolving
credit line loans 3 months
or more delinquent......... $ 22,989 $ 33,763 $ 39,508 $ 44,104 $ 31,348 $ 22,863
Total of 2 months or more
Delinquent as a percentage
of aggregate loan
balance of revolving
credit line loans.......... 2.63% 3.26% 3.53% 3.57% 3.19% 2.44%
</TABLE>
<TABLE>
<CAPTION>
Mortgage Loan Loss Experience
(Dollars in Thousands)
As of December 31,
----------------------------------------------------------------------------------
1994 1995 1996 1997 1998 1999
------------ ----------- ------------ ----------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
Number of revolving credit
line loans serviced........ 15,598 25,056 28,368 31,395 30,571 31,517
Aggregate loan balance of
Revolving credit line
loans serviced............. $1,079,693 $1,293,483 $1,353,800 $1,387,217 $ 1,191,938 $ 1,202,594
For the Period:
Gross Charge-offs
Dollars.................. $ 1,118 $ 3,700 $ 1,860 $ 4,269 $ 2,756 $ 4,445
Percentage(1).............. 0.10% 0.29% 0.14% 0.31% 0.23% 0.37%
______________
(1) As a percentage of aggregate balance of revolving credit line
loans serviced.
</TABLE>
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, 1999, the Loan Balances of the
Mortgage Loans:
<PAGE>
<TABLE>
<CAPTION>
Trust Balances of Mortgage Loans as of December 31, 1999
Number of Mortgage % of Pool by Trust
Range of Trust Balances Loans Trust Balance Trust Balance Balance
- ---------------------------------- ----------------------- ---------------- ------------------
<S> <C> <C> <C>
$4,999.99 or lower 471 $ 995,003.37 2.26%
5,000-9,999.99 244 1,755,061.30 3.98%
10,000-14,999.99 156 1,894,086.81 4.30%
15,000-19,999.99 97 1,694,405.03 3.85%
20,000-24,999.99 85 1,891,011.10 4.29%
25,000-29,999.99 62 1,700,340.01 3.86%
30,000-34,999.99 47 1,519,359.00 3.45%
35,000-39,999.99 52 1,934,270.56 4.39%
40,000-44,999.99 37 1,557,848.89 3.54%
45,000-49,999.99 27 1,295,587.53 2.94%
50,000-54,999.99 16 829,761.63 1.88%
55,000-59,999.99 16 911,751.94 2.07%
60,000-64,999.99 19 1,188,694.12 2.70%
65,000-69,999.99 20 1,358,214.61 3.08%
70,000-74,999.99 14 1,017,788.29 2.31%
75,000-99,999.99 28 2,394,389.14 5.43%
100,000-149,999.99 48 5,648,517.90 12.82%
150,000-199,999.99 19 3,414,019.62 7.75%
200,000-249,999.99 9 1,964,685.83 4.46%
250,000-299,999.99 8 2,205,057.27 5.00%
300,000-349,999.99 4 1,265,990.37 2.87%
350,000-399,999.99 1 384,994.92 0.87%
400,000-449,999.99 2 848,075.39 1.92%
500,000-549,999.99 1 549,582.25 1.25%
650,000-699,999.99 1 684,599.81 1.55%
700,000-749,999.99 1 749,520.23 1.70%
900,000-999,999.99 1 963,370.66 2.19%
1,400,000-1,499,999.99 1 1,450,704.36 3.29%
----------------------- --------------- --------------------
TOTALS 1,487 $ 44,066,691.94 100.00%
======================= =============== ====================
</TABLE>
--------------------
The date of this Supplement is March 31, 2000.
