RESIDENTIAL ASSET SECURITIES CORP
424B5, 1998-12-28
ASSET-BACKED SECURITIES
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                         RESIDENTIAL ASSET SECURITIES CORPORATION
                                         Depositor


                              RESIDENTIAL FUNDING CORPORATION
                                      Master Servicer


               Home Equity Mortgage Asset-Backed Pass-Through Certificates,
                                      Series 1998-KS4
                                      ---------------

                            Supplement dated December 28, 1998
                                            to
                       Prospectus Supplement dated December 22, 1998
                                            and
                              Prospectus dated June 23, 1998
                                      --------------


      The  percentages in footnote 3 set forth on page S-4 in the table entitled
"Offered Certificates"  (specifically 0.62% and 1.24%) should be disregarded and
replaced with the following percentages: 0.63% and 1.26% respectively.

      The Class  A-II-2  percentages  in the last  sentence  of the  first  full
paragraph  set  forth on page S-45  (specifically  0.62%  and  1.24%)  should be
disregarded  and  replaced  with the  following  percentages:  0.63%  and  1.26%
respectively.

                                      --------------

      THIS  SUPPLEMENT  MUST BE  DELIVERED  TOGETHER  WITH  THE  PROSPECTUS  AND
PROSPECTUS  SUPPLEMENT  REFERRED  TO ABOVE,  AND  SHOULD BE READ IN  CONJUNCTION
THEREWITH.

      UNTIL FEBRUARY 17, 1999, 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 December 28, 1998




                                                        
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