SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K/A
Amendment No. 2
(Mark One)
| x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1996
| | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Commission File No.: 033-75002-03
Equicon Mortgage Loan Trust, Series 1995-1
(Exact name of registrant as specified in its charter)
New York (governing law of pooling and servicing agreement)
State or other jurisdiction of incorporation or organization)
41-1832398, 41-182450
(I.R.S. Employer Identification No.)
c/o Norwest Bank Minnesota, N.A.
11000 Broken Land Parkway
Columbia, MD 21044
(Address of principal executive (Zip Code)
offices)
Registrant's telephone number, including area code (410) 884-2000
Securities registered pursuant to Section 12(b) of the Act: NONE
Securities registered pursuant to Section 12(g) of the Act: NONE
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.
Yes X No
This Amendment No. 2 on Form 10-K/A amends Item 14 of the original Annual Report
on Form 10-K (the "Original Form 10-K") filed on March 26, 1997, by Norwest Bank
Minnesota, N.A. (the "Reporting Person"), on behalf of Equicon Mortgage Loan
Trust, Series 1995-1 (the "Trust"), established pursuant to a Pooling Agreement
(the "Pooling Agreement") among Cargill Financial Services Corporation, as
Sponsor, (the "Sponsor"), Equicon Corporation, as Seller, (the "Seller"), and
Norwest Bank Minnesota, N.A., as Trustee, ( the "Trustee"), pursuant to which
the Equicon Mortgage Loan Trust, Series 1995-1, certificates registered under
the Securities Act of 1933 (the "Certificates") were issued. Item 14 of the
Original Form 10-K is amended to read in its entirety as follows:
Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.
(a) Exhibits
99.1 Annual Report of Independent Public Accountants' as to master
servicing activities or servicing activities as applicable:
(a) Electronic Data Systems Corp., as Servicer<F1>
(b) LSI Financial Group, as Servicer<F1>
99.2 Management Assertion Letter:
(a) Electronic Data Systems Corp., as Servicer<F1>
(b) LSI Financial Group, as Servicer<F2>
99.3 Annual Statements of Compliance with obligations under the
Pooling Agreement or servicing agreement, as applicable, of:
(a) Electronic Data Systems Corp., as Servicer<F2>
(b) LSI Financial Group, as Servicer<F1>
(b) On January 23, 1997, a report on Form 8-K was filed in order to
provide the statements for the monthly distributions to holders of the
Certificates.
(c) Omitted.
(d) Omitted.
<F1> Previously Filed.
<F2> Filed herewith.
SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized:
Equicon Mortgage Loan Trust, Series 1995-1
By: Norwest Bank Minnesota, N.A.,
as Trustee
By: /s/ Sherri J. Sharps
By: Sherri J. Sharps
Title: Vice President
Dated: October 1, 1997
EXHIBIT INDEX
Exhibit No.
99.1 Annual Report of Independent Public Accountants' as to master
servicing activities or servicing activities as applicable:
(a) Electronic Data Systems Corp., as Servicer<F1>
(b) LSI Financial Group, as Servicer<F1>
99.2 Management Assertion Letter:
(a) Electronic Data Systems Corp., as Servicer<F1>
(b) LSI Financial Group, as Servicer<F2>
99.3 Annual Statements of Compliance with obligations under the
Pooling Agreement or servicing agreement, as applicable, of:
(a) Electronic Data Systems Corp., as Servicer<F2>
(b) LSI Financial Group, as Servicer<F1>
<F1> Previously Filed.
<F2> Filed herewith.
(logo)LSI
FINANCIAL GROUP
As of and for the year ended December 31, 1996, LSI Financial Group has complied
in all material respects with the minimum servicing standards set forth in the
Mortgage Bankers Association of America's UNIFORM SINGLE ATTESTATION PROGRAM FOR
MORTGAGE BANKERS. As of and for this same year, LSI Financial Group had in
effect a fidelity bond and errors and omissions policy in the amount of
$5,000,000,
/s/Bob Whisnant
Bob Whisnant, V.P, of Finance
8-1-97
Date
17500 Chenal Parkway
Suite 200
Little Rock, Arkansas 72211-9131
(logo)EDS
April 25,1997
Consumer Asset Management Division
of Electronic Data Systems Corporation
Annual Statement as to Compliance
The management of the Consumer Asset Management Division of Electronic Data
Systems Corporation has reviewed the activities of the Division during the year
ended December 31, 1996 and of the performance under the Servicing Agreement
relating to Equicon Mortgage Loan Trust 1995-1, dated May 1, 1995 has been made
under my supervision, and to the best of my knowledge, based on such review, the
Consumer Asset Management Division of Electronic Data Systems Corporation has
fulfilled all its obligations under the Servicing Agreement relating to Equicon
Mortgage Loan Trust 1995-1, dated May 1, 1995 for the year ended December 31,
1996.
/s/Mark S. O'Bryan
Mark S. O'Bryan
Chief Operating Officer
Consumer Asset Management Division
Consumer Asset Management Division
190 South Warner Road
Wayne, Pennsylvania 19087-2127
(610) 989-1000
Fax: (610) 975-3665
