EXPORT FUNDING CORP
8-K, 1997-02-06
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:
                                        
                                February 6, 1997
                                        
                           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)

</PAGE>
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 Feburary 6, 1997, delivered to the Trustee
by the Servicer relating to the February 6, 1997 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 February 6, 1997
</PAGE>
                        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: February 6, 1997
</PAGE>

                        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: February 6, 1997
</PAGE>

                      EXHIBIT INDEX


                                   Sequentially
                                   Numbered
Exhibit No.         Description              Page

     28        Servicer's Report, dated
               February 6, 1997


</PAGE>














<PAGE>
                    SERVICER'S CERTIFICATE                                  
                                                                          
             Export Funding Trust, Series 1994-A                            
                      Certificate No. 5                                     
                                                                           
                   Payment Date: 2/06/97                                    
                          
The undersigned, a duly authorized representative of NationsBank of Texas,
N.A. a National banking association (the "Servicer"), as Servicer 
pursuant to the Pooling and Servicing Agreement as of October 18, 1994,
(the "Pooling and Servicing Agreement"), among the Servicer, Bankers
Trust Company, as trustee, and Export Funding Corporation does hereby
certify as follows: 
                                                                            
1.  Principal received on Promissory Notes..  $ 1,897,750.00                  
                                                                            
2.  Interest received on Promissory Notes..   $ 1,272,726.04
                                                                           
3.  Prepayment made by Obligor (if any).......$       -                    
                                                                            
4.  Remaining Promissory Note Principal                                         
     Balance................................. $30,364,000.00
                                                                            
5.  PoolFactor................................         80.00%               
                                                                             
6.  Principal per Minimum Denomination........$     5,000.00                
                                                                            
7.  Interest per Minimum Denomination...      $     3,353.25                  
                                               
8.  Remaining Promissory Note Principal Balance                             
    Per Minimum Denomination................. $     80,000.00                  
                                                                             
  No default has occurred and is continuing with respect to the 
  Promissory Notes(s) or related Credit Agreement.
           
  All capitalized terms not otherwise defined shall have the respective
  meaning set forth in the Pooling and Servicing Agreement

  IN WITNESS WHEREOF, the undersigned has duly executed and delivered
  this certificate on this 6th day of February, 1997.

    NationsBank of Texas, N.A.                                              
    As Servicer                                                            
                               
    By:/s/Michael Timoney                                                   
    Name: Michael Timoney  
    Title: Assistant Vice President
</PAGE>                                   



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