RESIDENTIAL ASSET SECURITIES CORP
424B5, 1995-07-24
ASSET-BACKED SECURITIES
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            RESIDENTIAL ASSET SECURITIES CORPORATION
                             Seller
                 RESIDENTIAL FUNDING CORPORATION
                         Master Servicer

       Mortgage Pass-Through Certificates, Series 1995-KS1

       $ 94,350,062*       Class A       Adjustable Rate

                                                  

               Supplement dated July 21, 1995
                            to
          Prospectus Supplement dated June 22, 1995
                            and
               Prospectus dated June 22, 1995
                                                      

*    Initial Principal Balance

     As of July 1, 1995 (the "Reference Date"), the Mortgage
Loans have an aggregate principal balance outstanding, after
deducting payments of principal due on such date, of
$92,576,409.44.

     As of the Reference Date, 3.1% of the Mortgage Loans are
delinquent by one month.  1.4% of the Mortgage Loans are
delinquent by two months.  None of the Mortgage Loans are
delinquent by 3 or more months.  0.1% of the Mortgage Loans are
in foreclosure and none of the Mortgage Loans have
become real estate owned.

     THIS SUPPLEMENT SUPERSEDES ALL PREVIOUS SUPPLEMENTS
DELIVERED IN CONNECTION WITH THE CERTIFICATES AND MUST BE
DELIVERED TOGETHER WITH THE PROSPECTUS AND PROSPECTUS SUPPLEMENT
REFERRED TO ABOVE, AND SHOULD BE READ IN CONJUNCTION THEREWITH.

UNTIL OCTOBER 19, 1995, ALL DEALERS EFFECTING TRANSACTIONS IN THE
CERTIFICATES, WHETHER OR NOT PARTICIPATING IN THIS DISTRIBUTION,
MAY BE REQUIRED TO DELIVER A PROSPECTUS (INCLUDING THE
PROSPECTUS SUPPLEMENT AND THIS SUPPLEMENT).  THIS DELIVERY
REQUIREMENT IS IN ADDITION TO THE OBLIGATION OF DEALERS TO
DELIVER A PROSPECTUS WHEN ACTING AS UNDERWRITERS AND WITH RESPECT
TO THEIR UNSOLD ALLOTMENTS OR SUBSCRIPTIONS.


          Residential Funding Securities Corporation



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