- --------------------------------------------------------------------------------

                       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 (Date of earliest event reported) May 28, 1997

                         Access Financial Lending Corp.
             (Exact name of registrant as specified in its charter)



        Delaware                      333-07837                 41-1768416
(State or Other Jurisdiction         (Commission              (I.R.S. Employer
    of Incorporation)                File Number)            Identification No.)

  400 Highway 169 South
        Suite 400                                                  55426
St. Louis Park, Minnesota                                        (Zip Code)
  (Address of Principal
   Executive Offices)

        Registrant's telephone number, including area code (612) 542-6500

                                    No Change
          (Former name or former address, if changed since last report)

- --------------------------------------------------------------------------------



     Item 5. Other Events

     In connection with the offering of Access Financial Mortgage Loan Trust
1997-2 Mortgage Loan Pass- Through Certificates, Series 1997-2, described in a
Prospectus Supplement dated as of May 22, 1997, certain "Computational
Materials" within the meanings of the May 20, 1994 Kidder, Peabody No-Action
Letter and the February 17, 1995 Public Securities Association No-Action Letter
were furnished to certain prospective investors (the "Related Computational
Materials").

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

     (a) Not applicable

     (b) Not applicable

     (c) Exhibit  99.1.  Related  Computational  Materials (as defined in Item 5
         above).



                                   SIGNATURES

     Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this Report to be signed on
its behalf by the undersigned thereunto duly authorized.

                                       ACCESS FINANCIAL LENDING CORP.
                                    ------------------------------------
                                    Registrant and on behalf of Access
                                    Financial Mortgage Loan Trust 1997-2

                                             By:    /s/ Dan J. Cheever
                                                -------------------------------
                                                Name:   Dan J. Cheever
                                                Title:  Chief Executive Officer
                                                        and Chief Financial
                                                        Officer

Dated: May 28, 1997



                                  EXHIBIT INDEX

Exhibit No.                   Description

99.1                          Related Computational
                              Materials (as defined
                              in Item 5 above).