EXPORT FUNDING CORP
8-K, 1998-06-29
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:
                                 June 29, 1998



                           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)
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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 June 29, 1998, delivered to the
Trustee by the Servicer relating to the June 29, 1998 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 June 29, 1998.

</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
                                   Vice President


Dated: June 29, 1998
</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
                                   Vice President




Dated: June 29, 1998

</PAGE>


                      EXHIBIT INDEX
                            
                            
                                   Sequentially
                                   Numbered
Exhibit No.         Description              Page

     28        Servicer's Report, dated
               June 29, 1998

</PAGE>
                     EXHIBIT NO. 28
                            
</PAGE>
                            


<PAGE>
               SERVICER'S CERTIFICATE
        Export Funding Trust, Series 1995-A
                 Certificate No. 7
               Payment Date: 6/29/98
The undersigned, a duly authorized representative of NationsBank, N.A.

(Carolinas) a national banking association (the "Servicer"), as Servicer

pursuant to the Pooling and Servciing Agreement as of January 25, 1995, (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  $5,786,681.37

2.    Interest received on Promissory Note    $6,150,949.97

3.    Prepayment made by Obligor (if any)     $       -

4.    Remaining Promissory Note Principal
      Balance......                           $144,053,756.20

5.    Pool Factor.............                    79.54%

6.    Principal per Minimum Denomination       $3,195.24

7.    Interest per Minimum Denomination.....   $3,396.38

8.    Remaining Promissory Note Principal
      BalancePer Minimum Denomination          $79,542.41


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
meanings set forth in the Pooling and Servicing Agreement.

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this
certificate this 29th day of June 1998.


    NationsBank, N.A. (Carolinas)
    As Servicer

   /s/Michael Timoney
    Name: Michael Timoney
    Title: Vice President

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