RESIDENTIAL FUNDING MORTGAGE SECURITIES I INC
8-K, 2000-01-26
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: January 25, 2000
(Date of earliest event reported)

                 Residential Funding Mortgage Securities I, Inc.

             (Exact name of registrant as specified in its charter)

DELAWARE                            333-72493                 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, MINNESOTA 55437
               (Address of Principal Executive Office) (Zip Code)

        REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE:(612) 832-7000



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ITEM 5.  OTHER EVENTS.

                  On January 28, 2000,  the  Registrant  will cause the issuance
         and sale of  approximately  $315,417,654  initial  principal  amount of
         Mortgage Pass-Through  Certificates,  Series 2000- S1, Class A-1, Class
         A-2,  Class A-3,  Class A-4,  Class A-5, Class A-P, Class A-V, 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  January  1,  2000,  among the  Registrant,  Residential
         Funding Corporation,  as Master Servicer, and Bankers Trust Company, as
         Trustee.

                  In connection with the sale of the Series  2000-S1,  Class A-1
         Class A-2, Class A-3, Class A-4, Class A-5, Class M-1, Class M-2, Class
         M-3 and Class R  Certificates,  other than a de minimis  portion of the
         Class R Certificates (the  "Underwritten  Certificates") to PaineWebber
         Incorporated  ("PaineWebber" or the "Underwriter"),  the Registrant has
         been advised by 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. 333-72493,  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  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,



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         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



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         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:
                                     Name:             Randy Van Zee
                                     Title:            Vice President

Dated: January 25, 2000



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                                       -5-

         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/ RANDY VAN ZEE
                                          Name:   Randy Van Zee
                                          Title:  Vice President

Dated: January 25, 2000



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                                  EXHIBIT INDEX

              Item 601 (a) of      Sequentially
 Exhibit      Regulation S-K       Numbered
 NUMBER       EXHIBIT NO.          DESCRIPTION              PAGE

 1               99          Computational Materials      Filed Manually



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                                     EXHIBIT



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