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) March 17, 1997.

                                OMI Trust 1996-B
               (Exact name of registrant as specified in charter)


               Pennsylvania               33-99320               23-2855625
            (State or other jurisdiction  (Commission           (IRS Employer
             of incorporation)            File Number)       Identification No.)

         c/o PNC Bank, National Association
         Corporate Trust Department
         Attention:  Constantine Hromych
         1700 Market Street
         Philadelphia, Pennsylvania                             19103
                   (Address of principal executive offices) (Zip Code)


           Registrant's telephone number, including area code (215) 585-8738

 -------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)








                       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) March 17, 1997.

                                OMI Trust 1996-B
               (Exact name of registrant as specified in charter)


        Pennsylvania               33-99320               23-2855625
     (State or other jurisdiction  (Commission           (IRS Employer
      of incorporation)            File Number)       Identification No.)

     c/o PNC Bank, National Association
     Corporate Trust Department
     Attention:  Constantine Hromych
     1700 Market Street
     Philadelphia, Pennsylvania                             19103
               (Address of principal executive offices) (Zip Code)


       Registrant's telephone number, including area code (215) 585-8738

- -------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)







                                OMI TRUST 1996-B

                                    FORM 8-K


ITEM 1.  CHANGES IN CONTROL OF REGISTRANT.

                  Not Applicable.

ITEM 2.  ACQUISITION OR DISPOSITION OF ASSETS.

                  Not Applicable.

ITEM 3.  BANKRUPTCY OR RECEIVERSHIP.

                  Not Applicable.

ITEM 4.  CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.

                  Not Applicable.

ITEM 5.  OTHER EVENTS.

         OMI Trust 1996-B (the "Trust"), the issuer of the Oakwood Mortgage
Investors, Inc. Manufactured Housing Contract Senior/Subordinated Pass-Through
Certificates, Series 1996- B (the "Certificates"), makes monthly distributions
to holders of the Certificates. The latest distribution was made on March 17,
1997. Oakwood Acceptance Corporation, as Servicer for the Trust, has prepared a
monthly Remittance Report and delivered it to the Trustee.

Remittance Report. . . . . . . . . . . . .Exhibit 20.1

ITEM 6.  RESIGNATIONS OF REGISTRANT'S DIRECTORS.

                  Not Applicable.

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

                  Exhibits

                  20.1     Monthly Remittance Report relating to the 
                  Distribution Date occurring on March 17, 1997.

ITEM 8.  CHANGE IN FISCAL YEAR.

                  Not Applicable.








                                   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.

                                            OMI TRUST 1996-B, Registrant

                                            By:  Oakwood Acceptance Corporation,
                                                     as servicer


March 21, 1997

                                                     Douglas R. Muir
                                                     Vice President









                                   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.

                                            OMI TRUST 1996-B, Registrant

                                            By:  Oakwood Acceptance Corporation,
                                                     as servicer


March 21, 1997                              /s/ DOUGLAS R. MUIR
                                            -------------------

                                                     Douglas R. Muir
                                                     Vice President















                                INDEX OF EXHIBITS


                                                                                               Page of Sequentially
                                                                                                   Numbered Pages
                                                                                         
20.1     Monthly Remittance Report relating to Distribution
         Date occurring on March 17, 1997............................................................. 5-10






                                INDEX OF EXHIBITS

                                       


                                                                                                Page of Sequentially    
                                                                                                   Numbered Pages
                                                                                            

20.1     Monthly Remittance Report relating to Distribution
         Date occurring on March 17, 1997.................................................................