RESIDENTIAL FUNDING MORTGAGE SECURITIES I INC
8-K, 1995-10-25
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:  October 24, 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          (Commission             (I.R.S. Employer
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 October 30, 1995, the Registrant will
      cause the issuance and sale of $445,462,263
      initial principal amount of Mortgage Pass-Through
      Certificates, Series 1995-S16, 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, Class A-12, 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 October 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-S16, 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, Class R
      Certificates, other than a de minimis portion
      thereof, and the Class M-1, Class M-2 and Class M-
      3 Certificates (collectively, the "Underwritten
      Certificates"), the Registrant has been advised by
      Donaldson, Lufkin & Jenrette Securities
      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 the
      first 39 pages (the "Computational Materials")
      that appear after the Form SE cover sheet and the
      page headed "NOTICE". The Underwriter has advised
      the Registrant that certain information in the
      Computational Materials may have been based on
      assumptions that differed from the final pool
      information.  

             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


                 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/ Jill M. Johnson          
   
                                Name:   Jill M. Johnson
                                Title:        Vice President




Dated: October 24, 1995
                             EXHIBIT INDEX


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

1          99            Computational    Manually
                           Materials       Filed
                                                                  
   

                               EXHIBIT 

                        (Intentionally Omitted)


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