RESIDENTIAL FUNDING MORTGAGE SECURITIES I INC
8-K, 1995-09-22
ASSET-BACKED SECURITIES
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             SECURITIES AND EXCHANGE COMMISSION
                   WASHINGTON, D.C. 20549

                          FORM 8-K

                       CURRENT REPORT
           Pursuant to Section 13 or 15(d) of the
               Securities Exchange Act of 1934


Date of Report: August 3, 1995
(Date of earliest event reported)



       Residential Funding Mortgage Securities I, Inc.
   (Exact name of registrant as specified in its charter)


Delaware              33-54227           75-2006294
(State or            (Commission       (I.R.S. Employer
other Jurisdiction   File Number)   Identification No.)
of Incorporation)

8400 Normandale Lake Blvd., Suite 600, Minneapolis,     
Minnesota                                   55437
(Address of Principal Executive Office)   (Zip Code)


        Registrant's telephone number, including area
code:(612) 832-7000


Item 5.    Other Events.


           On September 30, 1995, the Registrant expects
      to cause the issuance of Mortgage Pass-Through
      Certificates, Series 1995-S14 (the "Certificates")
      pursuant to a Pooling and Servicing Agreement to
      be dated as of September 1, 1995, among the
      Registrant, Residential Funding Corporation, as
      Master Servicer, and Bankers Trust Company, as
      Trustee.

           In connection with the sale of the Series
      1995-S14, Class A-1,Class A-2,  Class A-3, Class
      A-4, Class A-5, Class A-6, Class A-7, Class A-8,
      Class A-9, Class A-10, Class A-11, and Class R
      Certificates (the "PaineWebber Underwritten
      Certificates") and the  Class M-1, Class M-2 and
      Class M-3 Certifiates (the "Salomon Brothers
      Underwritten Certificates", which together with
      the PaineWebber Underwritten Certificates are
      hereinafter refered to collectively as the 
      "Underwritten Certificates"), the Registrant has
      been advised by PaineWebber Incorporated and
      Salomon Brothers Inc (collectively, the
      "underwriters") that the Underwriters have
      furnished to prospective investors certain
      yield/price tables and other computational
      materials (the "Computational Materials") with
      respect to the Underwritten Certificates following
      the effective date of the related Registration
      Statement, which Computational Materials are being
      filed manually as an exhibit to this report.

           The Computational Materials have been
      provided by the Underwriter.  The information in
      the Computational Materials is preliminary and may
      be superseded by the Prospectus Supplement
      relating to the Certificates and by any other
      related information subsequently filed with the
      Securities and Exchange Commission.

           The Computational Materials consist of the
      first of 15 pages that appear after the Form SE
      cover sheet and the page headed "NOTICE" and
      supersedes all related Computational Materials
      previously provided by the Underwriter.

           The Computational Materials were prepared by
      the Underwriter at the request of certain
      prospective investors, based on assumptions
      provided by, and satisfying the special
      requirements of, such investors.  The
      Computational Materials may be based on
      assumptions that differ from the assumptions set
      forth in the related Prospectus Supplement.  The
      Computational Materials may not include, and do
      not purport to include, information based on
      assumptions representing a complete set of
      possible scenarios.  Accordingly, the
      Computational Materials may not be relevant to, or
      appropriate for, investors other than those
      specifically requesting them.

           In addition, the actual characteristics and
      performance of the Mortgage Loans underlying the
      Certificates may differ from the assumptions used
      in the Computational Materials, which are
      hypothetical in nature and which were provided to
      certain investors only to give a general sense of
      how the yield, average life, duration, expected
      maturity, interest rate sensitivity and cash flow
      characteristics of a particular class of
      Underwritten Certificates may very under varying
      prepayment and other scenarios. Any difference
      between such assumptions and the actual
      characteristics and performance of the Mortgage
      Loans will affect the actual yield, average life,
      duration, expected maturity, interest rate
      sensitivity and cash flow characteristics of a
      particular class of Underwritten Certificates.




Item 7.    Financial Statements, Pro Forma Financial
           Information and Exhibits


      (a)  Financial Statements.

           Not applicable.

      (b)  Pro Forma Financial Information.

           Not applicable.

      (c)  Exhibits


                  Item 601(a) of
                  Regulation S-K
Exhibit No.       Exhibit No.            Description

1                     99                Computational   
                                        Materials



      Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused
this report to be signed on behalf of the Registrant by
the undersigned thereunto duly authorized.


                        [RESIDENTIAL FUNDING MORTGAGE
                         SECURITIES I, INC.]

                           By: /s/ [Bruce J. Legan]         
                           Name:   [Bruce J. Legan]
                           Title:  [Vice President]




Dated: September 22, 1995
                        EXHIBIT INDEX


           Item 601 (a) of  Sequentially
Exhibit    Regulation S-K   Numbered
Number     Exhibit No.      Description     Page

1             99           Computational    Filed
                              Material     Manually


                        EXHIBIT 1 

                 (Intentionally Omitted)


                          NOTICE


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