RESIDENTIAL FUNDING MORTGAGE SECURITIES I INC
424B5, 1995-04-05
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

 $ 5,634,860.34       8.00 %   Class M-1 Certificates

                                    
            Supplement dated April 5, 1995
                          to
     Prospectus Supplement dated January 25, 1995
                          to
      Prospectus Supplement dated August 25, 1994
                          and
            Prospectus dated June 23, 1994
                                    

     As of March 1, 1995, (the Reference Date), the
Mortgage Loans have an aggregate principal balance
outstanding, after deducting payments of principal due
on such date, of $202,124,191.28.

     As of the Reference Date, 0.6% of the Mortgage
Loans are delinquent by one month.  As of the Reference
Date, 0.2% of the Mortgage Loans are delinquent by two
months.  As of the Reference Date, 0.1% of the Mortgage
Loans are delinquent by three or more months.  As of
the Reference Date, none of the Mortgage Loans are in
foreclosure or will have been Real Estate Owned.

     THIS SUPPLEMENT SUPERSEDES ALL PREVIOUS
SUPPLEMENTS DELIVERED IN CONNECTION WITH THE
CERTIFICATES AND MUST BE DELIVERED TOGETHER WITH THE
PROSPECTUS AND PROSPECTUS SUPPLEMENT REFERRED TO ABOVE,
AND SHOULD BE READ IN CONJUNCTION THEREWITH.

     UNTIL JULY 4, 1995, ALL DEALERS EFFECTING
TRANSACTIONS IN THE CERTIFICATES, WHETHER OR NOT
PARTICIPATING IN THIS DISTRIBUTION, MAY BE REQUIRED TO
DELIVER A PROSPECTUS (INCLUDING THE PROSPECTUS
SUPPLEMENT AND THIS SUPPLEMENT).  THIS DELIVERY
REQUIREMENT IS IN ADDITION TO THE OBLIGATION OF DEALERS
TO DELIVER A PROSPECTUS WHEN ACTING AS UNDERWRITERS AND
WITH RESPECT TO THEIR UNSOLD ALLOTMENTS OR
SUBSCRIPTIONS.

           Residential Funding Securities Corporation.


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