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 July 29,  1996  to  August
26,  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:  September 6, 1996