RESIDENTIAL ASSET SECURITIES CORPORATION
Company
RESIDENTIAL FUNDING CORPORATION
Master Servicer
Mortgage Pass-Through Certificates
Series 1997-KS1
---------------
Supplement dated March 26, 1997
to
Prospectus Supplement dated March 21, 1997
and
Prospectus dated May 24, 1996
--------------
The percentages of Prepayment Assumption set forth on page S-67 in the
table entitled "Percent of Initial Principal Balance Outstanding at the
Following Percentages of Prepayment Assumption" with respect to the Class A-II
Certificates (specifically 0%, 50%, 100%, 150% and 200%) should be disregarded
and replaced with the following percentages: 0% CPR, 15% CPR, 24% CPR, 30% CPR
and 40% CPR, respectively.
--------------
THIS SUPPLEMENT MUST BE DELIVERED TOGETHER WITH THE PROSPECTUS AND
PROSPECTUS SUPPLEMENT REFERRED TO ABOVE, AND SHOULD BE READ IN CONJUNCTION
THEREWITH.
UNTIL JUNE 23, 1997, ALL DEALERS EFFECTING TRANSACTIONS IN THE OFFERED
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
The date of this Supplement is March 26, 1997
NY1-198891.1
6863-254-DM2-03/27/97
1
<PAGE>
