RESIDENTIAL FUNDING MORTGAGE SECURITIES I INC
8-K, 1995-04-21
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:  April 20, 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 Other Juris-     (Commission           (I.R.S. Employer
diction of Incorporation) File Number)        Identification No.)


  8400 Normandale Lake Blvd., Suite 600, Minneapolis, Minnesota55437
             (Address of Principal Executive Office)   (Zip Code)


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




Item 5.   Other Events.

          On April 27, 1995, the Registrant will cause the
     issuance and sale of $105,020,175.63 initial principal amount
     of Mortgage Pass-Through Certificates, Series 1995-S4, Class
     A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6,
     Class R, Class M-1, Class M-2 Class M-3, Class B-1, Class B-2
     and Class B-3 (the "Certificates") pursuant to a Pooling and
     Servicing Agreement to be dated as of April 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-S4, Class
     A-1, Class A-2, Class A-3, Class A-4, Certificates and the
     Class R Certificates, other than a de minimis portion thereof
     (collectively, the "Underwritten Certificates"), the
     Registrant has been advised by C.S. First Boston Corporation
     (the "Underwriter"), that the Underwriter has furnished to
     prospective investors certain yield tables and other
     computational materials (the "Computational Materials") with
     respect to the Underwritten Certificates following the
     effective date of Registration Statement No. 33-54227, which
     Computational Materials are being filed manually as exhibits
     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     is preliminary and may be superseded by the Prospectus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
     information subsequently filed with the Securities and
     Exchange Commission.

          The Computational Materials consist of (a) the first 66
     pages (the "Initial Computational Materials") that appear
     after the Form SE cover sheet and the page headed "NOTICE",
     and (b) all other pages appearing after the pages referred to
     in (a) above (the "Revised Computational Materials").  The
     Underwriter has advised the Registrant that certain
     information in the Initial Computational Materials may have
     been based on assumptions that differed from the final pool
     information.  Accordingly, all persons are advised to
     disregard the Initial Computational Materials.

          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 prospective investors.  The
     Computational Materials may be based on assumptions that
     differ from the assumptions set forth in the 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 Underwritten Certificates
     (the "Mortgage Loans") 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 might vary 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





Exhibit No.
Item 601(a) of
Regulation S-K
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/ Jill M. Davis        
                                   Name: Jill M. Davis
                                   Title:    Vice President




Dated: April 20, 1995     EXHIBIT INDEX


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

     1            99          Computational Material
                                Filed Manually

EXHIBIT 

                     (Intentionally Omitted)


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