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PROSPECTUS SUPPLEMENT
(TO PROSPECTUS DATED NOVEMBER 25, 1997)
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[EQUIVANTAGE LOGO]
$100,000,000
EQUIVANTAGE HOME EQUITY LOAN TRUST 1997-4
$29,380,000 CLASS A-1 ADJUSTABLE RATE CERTIFICATES
$21,000,000 6.640% CLASS A-2 FIXED RATE CERTIFICATES
$14,000,000 7.045% CLASS A-3 FIXED RATE CERTIFICATES
$7,000,000 6.705% CLASS A-4 FIXED RATE CERTIFICATES
$28,620,000 CLASS A-5 ADJUSTABLE RATE CERTIFICATES
HOME EQUITY LOAN ASSET-BACKED CERTIFICATES, SERIES 1997-4
EQUIVANTAGE ACCEPTANCE CORP.
SPONSOR OF THE TRUST
EQUIVANTAGE INC.
SERVICER
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The last sentence of the first paragraph under the caption "The Mortgage
Loans--GENERAL" on page S-5 of the Prospectus Supplement and the first full
sentence on page S-22 of the Prospectus Supplement are hereby modified in their
entirety to read as follows:
"The Sponsor expects that, as of the Closing Date, the Fixed Rate Group will
be comprised of approximately $71,700,000 in Mortgage Loans and the
Adjustable Rate Group will be comprised of approximately $29,600,000 in
Mortgage Loans."
