SERVICER'S CERTIFICATE
      Export Funding Trust, Series 1995-A
                 Certificate No. 5
               Payment Date: 6/29/97

The undersigned, a duly authorized representative of
NationsBank, N.A. (Carolinas) a national banking
association (the "Servicer"), as Servicer pursuant to the
Pooling and Servciing Agreement as of January 25, 1995,
(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  $5,339,325.45

2.    Interest received on Promissory Notes   $6,598,305.89


3.    Prepayment made by Obligor (if any)     $       -

4.    Remaining Promissory Note Principal     $155,398,942.33
      Balance......

5.    Pool Factor.............                    85.81%

6.    Principal per Minimum Denomination       $2,948.22

7.    Interest per Minimum Denomination.....   $3,643.40

8.    Remaining Promissory Note Principal Balance
      Per Minimum Denomination                 $85,806.90
                             
                             
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 meanings set forth in the Pooling and Servicing
Agreement.

IN WITNESS WHEREOF, the undersigned has duly executed and
delivered this certificate this 17th day of June 1997


    NationsBank, N.A. (Carolinas)
    As Servicer

    By:/s/Michael Timoney
    Name: Michael Timoney
    Title: Assistant Vice President