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)
                                
1
                                

Item 5.   Other Events.
        Information    relating   to   the    distributions    to
Certificateholders  for  the period from  December  31,  1996  to
January   27,   1997  (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:  February 18, 1997