SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.  20549
                                        
                                        
                                    FORM 8-K
                                        
                                        
                                 CURRENT REPORT
                                        
                                        
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934
                                        
                                        
                                 Date of Report:
                                        
                                        
                                 February 13, 1998
                                        
                                        
                                        
                           Export Funding Corporation
             (Exact name of registrant as specified in its charter)
                                        
          Delaware                  33-49560                 56-1782848
    (State of other juris-         (Commission               (I.R.S. Employer
   diction of incorporation)    Registration Number)   Identification Number)
                                        

                           Export Funding Corporation
                          NationsBank Corporate Center
                               100 N. Tryon Street
                                  NC1007-07-01
                        Charlotte, North Carolina  28255
                                 (704) 386-4032
   _______________________________________________________
   (Address of Registrant's principal executive office and
     Registrant's telephone number, including area code)


Item 5.  Other Events

          This Current Report on Form 8-K is being filed to file a copy of the
semi-annual Servicer's Report, dated February 13, 1998, delivered to the Trustee
by the Servicer relating to the February 17, 1998 distribution by the Trust on 
the Class A and Class B Certificates.

Item 7.   Financial Statements, Pro Forma Financial Information and Exhibits.

               (a)  Not applicable.

               (b)  Not applicable.

               (c)  Exhibits:

          28.  Servicer's Report, dated February 13, 1998.


                        SIGNATURES

          Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                              EXPORT FUNDING CORPORATION



                              By:  /s/Michael T. Timoney
                                   Michael T. Timoney
                                   Assistant Vice President


Dated:  February 13, 1998


                        SIGNATURES

          Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                              EXPORT FUNDING CORPORATION



                              By:  /s/Michael T. Timoney
                                   Michael T. Timoney
                                   Assistant Vice President


Dated: February 13, 1998


                      EXHIBIT INDEX


                                   Sequentially
                                   Numbered
Exhibit No.         Description              Page

     28        Servicer's Report, dated
               February 13, 1998


                      EXHIBIT NO. 28