<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FORM THE MARCH
31, 1997 FORM 10-Q OF HOLCO MORTGAGE ACCEPTANCE CORPORATOIN-I AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                               1
<SECURITIES>                                     9,477
<RECEIVABLES>                                       72
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                   9,559
<CURRENT-LIABILITIES>                                0
<BONDS>                                          8,794
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             6
<OTHER-SE>                                         582
<TOTAL-LIABILITY-AND-EQUITY>                     9,559
<SALES>                                              0
<TOTAL-REVENUES>                                   218
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                     4
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 206
<INCOME-PRETAX>                                      8
<INCOME-TAX>                                         1
<INCOME-CONTINUING>                                  7
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                         7
<EPS-PRIMARY>                                      .01
<EPS-DILUTED>                                      .01