SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C. 20549


                                   FORM 8-K

                                CURRENT REPORT

  PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934



        Date of Report (Date of earliest event reported): July 22, 1996
                                                          -------------
                                        


                        First Alliance Mortgage Company
                                 on behalf of
                   First Alliance Mortgage Loan Trust 1995-1
            ------------------------------------------------------ 
            (Exact name of registrant as specified in its charter)


       New York                     33-79948               33-0667381
- ----------------------------      -----------           ------------------- 
(State or other jurisdiction      (Commission           (I.R.S. Employer
of incorporation)                 File Number)          Identification No.)



                      c/o First Alliance Mortgage Company
                           Attention: Mark K. Mason
             Executive Vice President and Chief Financial Officer
                            17305 Von Karman Avenue
                               Irvine, CA 92714
                              Address of Servicer
                    ----------------------------------------  
                    (Address of principal executive offices)


       Registrant's telephone number, including area code: (714)224-8500



                                Not Applicable
- --------------------------------------------------------------------------------
        (Former name or former address, if changed since last report.)

 
Item 5. Other Events.

        Information relating to the distributions to Certificateholders for the
June 1996 Monthly Period of the Trust in respect of the First Alliance Mortgage
Loan Asset Backed Certificates, Series 1995-1, 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 (the "Agreement") dated as of May 1, 1995 between First Alliance
Mortgage Company as Servicer, and Bankers Trust Company, as trustee.


Item 7. Exhibit.

        Monthly Report for the June 1996 Monthly Period relating to the First
Alliance Mortgage Loan Asset Backed Certificates Series 1995-1, Class A issued
by the First Alliance Mortgage Loan Trust 1995-1.

 
                                   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.



                                    First Alliance Mortgage Loan Trust 1995-1
                                    -----------------------------------------
                                                  (Registrant)

                                By:       First Alliance Mortgage Company
                                    -----------------------------------------
                                                   (Servicer)
  Date:  October 16, 1996       By:
         ----------------           -----------------------------------------

                              Name:              Mark K. Mason
                                    -----------------------------------------

                             Title:      Executive Vice President and
                                            Chief Financial Officer
                                    -----------------------------------------