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):
                        January 26, 1996
                                
                                
    AMRESCO Residential Securities Corporation on behalf of:
                                
   AMRESCO Residential Securities Corporation Mortgage Loan Trust
                             1996-1
     (Exact name of registrant as specified in its charter)
                                
                                
                                
                                
                                                      
                                                      
          New York              33-99346         33-0697613
(State or Other Jurisdiction   (Commission    (I.R.S. Employer
      of Incorporation)       File Number)  Identification No.)
              
  c/o Bankers Trust Company                           
     of California, N.A.                              
  3 Park Plaza, 16th Floor                            
     Irvine, California                            92714
                                                      
    (Address of Principal                        (Zip Code)
     Executive Offices)
                                
Registrant's telephone number, including area code (909) 605-7600
                                
                              No Change
  (Former name or former address, if changed since last report)
                                

                                

Item 5.   Other Events.
        Information    relating   to   the    distributions    to
Certificateholders for the period from April 28, 1996 to May  28,
1996 (the "Monthly Period") of the AMRESCO Residential Securities
Corporation  Mortgage  Loan  Trust 1996-1  (the  "Registrant"  or
"Trust")   in   respect  of  the  Mortgage  Loan   Asset   Backed
Certificates, Series 1996-1, Class A (the "Certificates")  issued
by  the  Registrant and the performance of the  Trust  (including
distributions of principal and interest, delinquent  balances  of
mortgage  loans, and the subordinated amount remaining), together
with  certain other information relating to the Certificates,  is
contained  in the Monthly Report for the Monthly Period  provided
to  Certificateholders  pursuant to  the  Pooling  and  Servicing
Agreement  dated as of January 1, 1996, among AMRESCO Residential
Securities  Corporation  in its capacity  as  Depositor,  AMRESCO
Residential  Mortgage Corporation in its capacity as the  Seller,
Long  Beach  Mortgage Company and Option One Mortgage Corporation
as  the Servicers, and Bankers Trust Company of California, N.A.,
a national banking association, in its capacity as the trustee.


Item 7.   Exhibit.

      Monthly  Report  for  the Monthly Period  relating  to  the
Certificates issued by the Trust.


                           SIGNATURE


      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 hereunto duly authorized.


                          By:    AMRESCO  Residential  Securities
Corporation

                          By:/s/Ronald B. Kirkland
                             Name:      Ronald B. Kirkland
                             Title:     Vice President and
                                        Chief Accounting Officer



Dated:  June 10, 1996