SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

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                                    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) April 15, 1998.

                                OMI Trust 1997-D
               (Exact name of registrant as specified in charter)


         Pennsylvania               333-31441               23-7931974
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       (State or other jurisdiction  (Commission           (IRS Employer
        of incorporation)            File Number)       Identification No.)


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


        Registrant's telephone number, including area code (215) 585-8872

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







                                OMI Trust 1997-D

                                    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 1997-D (the "Trust"), the issuer of the Oakwood Mortgage
Investors, Inc. Manufactured Housing Contract Senior/Subordinated Pass-Through
Certificates, Series 1997-D (the "Certificates"), makes monthly distributions to
holders of the Certificates. The latest distribution was made on April 15, 1998.
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 April 15, 1998.

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 1997-D, Registrant

                                            By:  Oakwood Acceptance Corporation,
                                                     as servicer


April 23, 1998                                   /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 April 15, 1998............................................................. 5-10