MLCC MORTGAGE INVESTORS INC
8-K, 1997-11-25
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 (Date of Earliest event reported): November 21, 1997



                        MLCC Mortgage Investors, Inc.
                                                                       
- -----------------------------------------------------------------------
        (Exact name of registrant as specified in its character)



                                   Delaware
                                                                      
- ----------------------------------------------------------------------
     (State or other jurisdiction of incorporation or organization)


  333-14253                             59-3247986
                                                                      
- ----------------------------------------------------------------------
(Commission File Number)      (IRS Employer Identification No.)


          4802 Deer Lake Drive East
          Jacksonville, FL  32246
          Attention: General Counsel

________________________________________________________________
        (Address of principal executive offices and zip code)


Registrant's telephone number, including area code: 904-928-6000


                                Not applicable
_________________________________________________________________
(Former name or former address, if changed since last report)




Item 5.   Other Events
          ------------

Filing of Computational Materials.
- ---------------------------------

     In connection with  the offering of the Mortgage Loan Asset Backed Pass-
Through Certificates,  Series  1997-B, Merrill  Lynch Pierce  Fenner &  Smith
Incorporated, as underwriter of the Class A Certificates (the "Underwriter"),
has   prepared  certain   materials  (the   "Computational  Materials")   for
distribution to its  potential investors.  Although  MLCC Mortgage Investors,
Inc.   provided  the  Underwriter  with  certain  information  regarding  the
characteristics of the mortgage  loans in the related  portfolio, it did  not
participate in the preparation of the Computational Materials.

     For the  purposes of this  Form 8-K, Computational Materials  shall mean
computer generated tables and/or charts displaying, with respect to any Class
or  Classes of  Certificates,  any  of the  following:  yield; average  life;
duration;  expected maturity;  interest rate  sensitivity; loss  sensitivity;
cash  flow  characteristics; background  information  regarding the  mortgage
loans;  the  proposed  structure; decrement  tables;  or  similar information
(tabular  or   otherwise)  of   a  statistical,   mathematical,  tabular   or
computational nature.   The Computational  Materials are  attached hereto  as
Exhibit 99.


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

(a)  Not applicable.

(b)  Not applicable.

(c)  Exhibits:

     99.  Computational Materials on Form SE dated November 21, 1997.




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.


                                   MLCC MORTGAGE INVESTORS, INC.



                                   By: /s/ LAUREL A. DAVIS
                                       _______________________
                                        Laurel A. Davis
                                        Vice President
                                           & Assistant Secretary




Dated:    November 24, 1997






                                Exhibit Index
                               -------------


Exhibit                                                                Page
- -------                                                                ----

99. Computational Materials filed on Form SE dated November
    21, 1997.                                                             6




                IN ACCORDANCE WITH RULE 202 OF REGULATION S-T,
                THESE COMPUTATIONAL MATERIALS ARE BEING FILED
            IN PAPER PURSUANT TO A CONTINUING HARDSHIP EXEMPTION;
              AND IN ACCORDANCE WITH RULE 311 OF REGULATION S-T,
           THESE COMPUTATIONAL MATERIALS ARE BEING FILED IN PAPER.




                                  EXHIBIT 99


                           COMPUTATIONAL MATERIALS
        PREPARED BY MERRIL LYNCH, PIERCE, FENNER & SMITH INCORPORATED


                                     for


                        MLCC MORTGAGE INVESTORS, INC.

                   Mortgage Loan Asset Backed Pass-Through
                         Certificates, Series 1997-B




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