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: June 27, 1994
                                        
                                        
                           --------------------------
                                        
                                        
    Huntington Residential Mortgage Securities, Inc. (as depositor under the
          Trust Agreement, dated as of March 1, 1994, providing for the
            issuance of Huntington Residential Mortgage Trust, Series
                 1994-1 Multiclass Mortgage-Backed Certificates)
                                        

                HUNTINGTON RESIDENTIAL MORTGAGE SECURITIES, INC.
             (Exact name of Registrant as specified in its charter)
                                        
                                        
                           --------------------------
                                         
                                        
             Ohio                    0-23746                     31-1384678  
 (State or other jurisdiction      (Commission                (I.R.S. Employer 
      of incorporation             File Number)              Identification No.)
       or organization)                                                   
                                        
                                        
                           --------------------------
                                        
                                        
                           7575 Huntington Park Drive
                              Columbus, Ohio  43235
                                  614-480-6841
     (Address, including zip code, and telephone number, including area code
                  of Registrant's principal executive offices)
                                        
                           --------------------------











Item 5. Other Events.


     Attached hereto is a copy of the Monthly Certificateholders Report, dated
as of June 27, 1994, to the Certificateholders of Huntington Residential
Mortgage Trust, Series 1994-1 Multiclass Mortgage-Backed Certificates, which was
derived from the monthly information submitted by the Master Servicer of the
Trust to the Trustee.




Item 7. Financial Statements and Exhibits.


     (c) Exhibits.


         20.1  Monthly Certificateholders Report, dated as of 
               June 27, 1994.




                                   SIGNATURES

     Pursuant to the requirements 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.


                                           HUNTINGTON RESIDENTIAL MORTGAGE
                                           SECURITIES, INC.



                                           Ronald D. Koncal
                                           Ronald D. Koncal, Treasurer
Date: June 27, 1994


































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

                           
                       SECURITIES AND EXCHANGE COMMISSION
                                        
                             WASHINGTON, D.C  20549
                                        
                                        
                           --------------------------
                                        
                                        
                                        
                                        
                                        
                                        
                                        
                                        
                                        
                                        
                                        
                                    EXHIBITS
                                        
                                   FILED WITH
                                        
                                    FORM 8-K
                                        
                        UNDER THE SECURITIES ACT OF 1934
                                        
                                        






                           


                           --------------------------
                                        
                                       
                                        
                         HUNTINGTON RESIDENTIAL MORTGAGE
                                        
                                SECURITIES, INC.
                                        
                                        
                           --------------------------
                                        

      



                                  






                                  EXHIBIT INDEX



                                                                 Pagination By
                                                                  Sequential
Exhibit                 Exhibit                                    Numbering    
Number                Description                                   System
- - -------               -----------                                -------------

20.1             Monthly Certificateholders Report, Dated
                     as of June 27, 1994




































































                HUNTINGTON RESIDENTIAL MORTGAGE SECURITIES, INC.
                                        
                                        
                           --------------------------
                                        
                                  Exhibit 20.1
                                        
                           --------------------------











































Creation Date :  Tue Jun 21, 1994  01:46 PM       HRMS 19941          PAGE No. 1
 
                              MONTHLY CERTIFICATE HOLDERS REPORT
                              ----------------------------------
 
Due Period :  3 Beginning Date     :  05/01/1994  End Date           :05/31/1994
                Determination Date :  06/16/1994  Remittance Date    :06/27/1994
 

     I. Principal Distribution Per Single Certificate  

CLASS    Prin. Dist. Per Cert    
IO(M)             $ 0.0000000    
IO(T)             $ 0.0000000    
PO(M)             $ 2.2544664    
  A               $ 2.1584179    
  B               $ 0.0000000    
  C               $ 0.0000000    
  R               $ 0.0000000    

    II. Interest Disbtribution Per Single Certificate  

CLASS    Int. Dist. Per Cert    
IO(M)            $ 0.0195544    
IO(T)            $ 0.3750027    
PO(M)            $ 0.0000000    
  A              $ 5.8086096    
  B              $ 5.4583360    
  C              $ 5.8333344    
  R              $ 0.0000000    

   III. Total Distribution to Class R                                 $ 1,314.78

    IV. Advance Amount For this Distribution                          $ 3,087.76

     V. Total Amount of Guaranty Payment                                  $ 0.00

    VI. Pool Balance                                             $ 30,193,744.37

   VII. Cert. Prin. Bal. After Distribution and Loss Alloc. Per Single Cert. 

CLASS    Principal Balance    Noncovered Losses    
IO(M)               $ 0.00               $ 0.00    
IO(T)               $ 0.00               $ 0.00    
PO(M)             $ 993.32               $ 0.00    
  A               $ 993.60               $ 0.00    
  B             $ 1,000.00               $ 0.00    
  C             $ 1,000.00               $ 0.00    
  R                 $ 0.00               $ 0.00    
TOTAL           $ 3,986.93               $ 0.00    

  VIII. Expense Account Information 

        A. Expense Account Amount                                    $ 10,970.81
        B. Less Comp. Int. Shortfall                                      $ 0.00
        C. Total                                                     $ 10,970.81

    IX. Delinquency Information For Due Period 

PERIOD            Number of Loans    Principal Balance    
30 DAYS                         0                 0.00    
60 DAYS                         0                 0.00    
90 DAYS and UP                  0                 0.00    
Foreclosures                    0                 0.00    
TOTAL                           0                 0.00    


Creation Date :  Tue Jun 21, 1994  01:46 PM       HRMS 19941          PAGE No. 2
 
                              MONTHLY CERTIFICATE HOLDERS REPORT
                              ----------------------------------
 
Due Period :  3 Beginning Date     :  05/01/1994  End Date           :05/31/1994
                Determination Date :  06/16/1994  Remittance Date    :06/27/1994
 


     X. Book Value of REO For Due Period                                  $ 0.00

    XI. REO Information For Due Period 

        A. Number of Loans                                              0
        B. Principal Balance                                              $ 0.00
        C. Stated Principal Balance                                       $ 0.00

   XII. Detailed Substitution Mortgage Loan Info 

        A. Principal Balance of Substituted Loans                         $ 0.00
        B. Total                                                          $ 0.00

  XIII. Loss Information For Due Period 

        A. Covered Loss                                                   $ 0.00
        B. Others                                                         $ 0.00
        C. Total                                                          $ 0.00

   XIV. Interest Distribution Amount and Loss Allocation on Interest and S/fall 

CLASS      Int. Shortfall    
IO(M)                0.00    
IO(T)                0.00    
PO(M)                0.00    
  A                  0.00    
  B                  0.00    
  C                  0.00    
  R                  0.00    
TOTAL                0.00    

    XV. Certificate Rate 

CLASS           RATE         
IO(M)         0.00000000%    
IO(T)         0.45000000%    
PO(M)         0.00000000%    
  A           7.00000000%    
  B           6.55000000%    
  C           7.00000000%    
  R           0.00000000%    

   XVI. Aggregate Loan Status Change Information 

        A. Number of Deleted Loans                                      0
        B. Principal Balance of Deleted Loans                             $ 0.00
        C. Number of Substitute Loans                                   0
        D. Principal Balance of Substituted Loans                         $ 0.00

  XVII. Available Guaranty Amount                                   $ 600,000.00

 XVIII. Covered Loss Amount Information 

        A. Fraud Loss Amount                                        $ 607,058.34
        B. Amount of Claims                                               $ 0.00


Creation Date :  Tue Jun 21, 1994  01:46 PM       HRMS 19941          PAGE No. 3
 
                              MONTHLY CERTIFICATE HOLDERS REPORT
                              ----------------------------------
 
Due Period :  3 Beginning Date     :  05/01/1994  End Date           :05/31/1994
                Determination Date :  06/16/1994  Remittance Date    :06/27/1994
 

        C. Amount of Claims Paid                                          $ 0.00
        D. Amount of Claims Denied                                        $ 0.00

   XIX. Certificate Holder Distribution Shortfall                         $ 0.00

    XX. Prepayment Interest Shortfall Information                        $ 23.63

   XXI. Amount Paid by Ind. Investor Cert. Insurance Policy               $ 0.00

  XXII. Amount Paid to Ind. Investor Cert. Insurance Policy               $ 0.00