EXPORT FUNDING CORP
8-K, 1996-12-26
ASSET-BACKED SECURITIES
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<PAGE>
                       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:
                                        
                                        
                                December 26,1996
                                        
                                        
                                        
                           Export Funding Corporation
             (Exact name of registrant as specified in its charter)
                                        
          Delaware                  33-49560                 56-1782848
    (State of other juris-         (Commission               (I.R.S. Employer
   diction of incorporation)    Registration Number)   Identification Number)
                                        

                           Export Funding Corporation
                          NationsBank Corporate Center
                               100 N. Tryon Street
                                  NC1007-07-01
                        Charlotte, North Carolina  28255
                                 (704) 386-4032
           _______________________________________________________
           (Address of Registrant's principal executive office and
             Registrant's telephone number, including area code)


Item 5.  Other Events

          This Current Report on Form 8-K is being filed to file a copy of the
semi-annual Servicer's Report, dated December 26, 1996, delivered to the Trustee
by the Servicer relating to the Deember 31, 1996 distribution by the Trust on
the Class A and Class B Certificates.

Item 7.   Financial Statements, Pro Forma Financial Information and Exhibits.

               (a)  Not applicable.

               (b)  Not applicable.

               (c)  Exhibits:

          28.  Servicer's Report, dated December 26, 1996.


                        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.


                              EXPORT FUNDING CORPORATION



                              By:  /s/Michael T. Timoney
                                   Michael T. Timoney
                                   Assistant Vice President


Dated: December 26,1996

<PAGE>
                      EXHIBIT INDEX


                                        Sequentially
                                          Numbered
Exhibit No.         Description              Page

     28        Servicer's Report, dated
               December 26, 1996

















<PAGE>
                                                                    EXHIBIT 28
               SERVICER'S CERTIFICATE
                                                                 
       Export Funding Trust, Series 1995-A
                 Certificate No. 4
                                                                 
               Payment Date: 12/30/96
                                                                 
                                                                 
                                                          
                                                    
                                                    
                                                    
                                                                 
1.  Principal received on Promissory Notes........          $     5,128,788.66
                                                                 
2.  Interest received on Promissory Notes.........          $     6,808,842.68
                                                                 
3.  Prepayment made by Obligor (if any)...........          $                -
                                                                 
4.  Remaining Promissory Note Principal Balance...          $   160,738,267.78
                                                                 
5.  Pool Factor...................................                      88.76%
                                                                 
6.  Principal per Minimum Denomination............          $         2,831.97
                                                                 
7.  Interest per Minimum Denomination.............          $         3,759.65
                                                                 
8.  Remaining Promissory Note Principal Balance                   
    Per Minimum Denomination......................          $        88,755.12
                                                                 
 No default has occurred and is continuing with respect to the Promissory 
 Note(s) or related Credit Agreement.
                                                                 
 All capitalized terms not otherwise defined shall have the respective meanings
 set forth in the Pooling and Servicing Agreement.
                                                                 
 INWITNESS WHEREOF, the undersigned has duly executed and delivered this 
 certificate this 26th day of December 1996.
                                                                 
                                                                 
    NationsBank, N.A. (Carolinas)                                  
    As Servicer                                                    
                                                                   
    By:_/s/Michael Timoney________                                      
    Name: Michael Timoney                                          
    Title: Assistant Vice President                                
                                                                 




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