SERVICER'S CERTIFICATE                                  
                                                                          
             Export Funding Trust, Series 1994-A                            
                      Certificate No. 5                                     
                                                                           
                   Payment Date: 2/06/97                                    
                          
The undersigned, a duly authorized representative of NationsBank of Texas,
N.A. a National banking association (the "Servicer"), as Servicer 
pursuant to the Pooling and Servicing Agreement as of October 18, 1994,
(the "Pooling and Servicing Agreement"), among the Servicer, Bankers
Trust Company, as trustee, and Export Funding Corporation does hereby
certify as follows: 
                                                                            
1.  Principal received on Promissory Notes..  $ 1,897,750.00                  
                                                                            
2.  Interest received on Promissory Notes..   $ 1,272,726.04
                                                                           
3.  Prepayment made by Obligor (if any).......$       -                    
                                                                            
4.  Remaining Promissory Note Principal                                         
     Balance................................. $30,364,000.00
                                                                            
5.  PoolFactor................................         80.00%               
                                                                             
6.  Principal per Minimum Denomination........$     5,000.00                
                                                                            
7.  Interest per Minimum Denomination...      $     3,353.25                  
                                               
8.  Remaining Promissory Note Principal Balance                             
    Per Minimum Denomination................. $     80,000.00                  
                                                                             
  No default has occurred and is continuing with respect to the 
  Promissory Notes(s) or related Credit Agreement.
           
  All capitalized terms not otherwise defined shall have the respective
  meaning set forth in the Pooling and Servicing Agreement

  IN WITNESS WHEREOF, the undersigned has duly executed and delivered
  this certificate on this 6th day of February, 1997.

    NationsBank of Texas, N.A.                                              
    As Servicer                                                            
                               
    By:/s/Michael Timoney                                                   
    Name: Michael Timoney  
    Title: Assistant Vice President