<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FORM THE
SEPTEMBER 30, 1997 FORM 10-Q OF HOLCO MORTGAGE ACCEPTANCE CORPORATION-I AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               SEP-30-1997
<CASH>                                               1
<SECURITIES>                                     9,416
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                   9,497
<CURRENT-LIABILITIES>                              160
<BONDS>                                          8,747
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             6
<OTHER-SE>                                         584
<TOTAL-LIABILITY-AND-EQUITY>                     9,497
<SALES>                                              0
<TOTAL-REVENUES>                                   648
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                     8
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 617
<INCOME-PRETAX>                                     24
<INCOME-TAX>                                         3
<INCOME-CONTINUING>                                 21
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                        21
<EPS-PRIMARY>                                      .04
<EPS-DILUTED>                                      .04