INVG MORTGAGE SECURITIES CORP /DE/
8-K/A, 1995-08-29
REAL ESTATE INVESTMENT TRUSTS
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                    SECURITIES AND EXCHANGE COMMISSION
                          WASHINGTON, D.C.  20549
                                     
                                FORM 8-K/A
                             (AMENDMENT NO. 1)
                                     
             CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
                  THE SECURITIES AND EXCHANGE ACT OF 1934
                                     
Date of report (date of earliest event reported):  August 22, 1995
                                     
                      INVG Mortgage Securities Corp.
           -----------------------------------------------------
          (Exact Name of Registrant as Specified in its Charter)

     Maryland                     0-14447                    13-3397560
- -----------------              -------------            ------------------
(State or other                (Commission                (IRS Employer
 jurisdiction of                File Number)            Identification No.)
  incorporation)

Meadow Wood Crown Plaza,
1575 Delucchi Lane, Suite 115-20
Reno, Nevada                                          89502
- ----------------------------------------          ------------
(Address of Principal Executive Offices)           (Zip Code)


     Registrant's telephone number, including area code (702) 828-5405
                                     
<PAGE>
Item 7.   Financial Statements and Exhibits
          ---------------------------------

          (16)  Letter from Deloitte & Touche L.L.P. regarding change in
                  certifying accountant.

                                SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                   INVG Mortgage Securities Corp.
Date:  August 29, 1995              By:  /s/ John E. Castello
      -----------------                 -----------------------------------
                                             John E. Castello
                                             Assistant Secretary



Deloitte & Touche LLP
- ------------------------------------------------------------
Two World Financial Center        Telephone:  (212) 436-2000
New York, New York  10281-1414    Facsimile:  (212) 436-5000





August 22, 1995



Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington, DC  20549

Dear Sirs/Madams:

We have read and agree with the comments in Item 4 of the Form 8-K's of
INVG Mortgage Securities Corp. and its subsidiary, Investors GNMA Mortgage-
Backed Securities Trust, Inc. dated August 17, 1995.

Yours truly,


/s/ Deloitte & Touche LLP
- -------------------------








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Deloitte Touche
Tohmatsu
International
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