RESIDENTIAL FUNDING MORTGAGE SECURITIES I INC
424B5, 1995-01-27
ASSET-BACKED SECURITIES
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    RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC.
                        Company

            RESIDENTIAL FUNDING CORPORATION
                    Master Servicer

           Mortgage Pass-Through Certificates
                    Series 1994-S17


 $ 2,564,670.09        8.00 %   Class M-2 Certificates
 $ 2,051,815.81        8.00 %   Class M-3 Certificates

                           
                                    

           Supplement dated January 25, 1995
                          to
      Prospectus Supplement dated August 25, 1994
                          and
            Prospectus dated June 23, 1994
                                    

     The Class M-2 and Class M-3 Certificates will not be
offered separately to the public by the Company or by any
other person.  The Class M-2 and Class M-3 Certificates
(together with certain other, similar certificates) will
be deposited into a trust fund to be formed by the
Company.


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