March 30, 1998 Securities and Exchange Commission Judiciary Plaza 450 Fifth Street, N.W. Washington, D.C. 20549 Re: BA Mortgage Securities, Inc. Mortgage Pass-Through Certificates, Series 1997-1; File No. 333-05201-01 Ladies and Gentlemen: Enclosed herewith for filing on behalf of the trust fund (the "Trust") created pursuant to a Pooling and Servicing Agreement dated as of August 1, 1997 (the "Pooling and Servicing Agreement") among BA Mortgage Securities, Inc. as the Depositor (the "Depositor"), Bank of America, Federal Savings Bank and Bank of America National Trust and Savings Association as Master Servicers (together the "Master Servicers"), and Bankers Trust Company of California, N.A., as trustee (the "Trustee). The Series 1997-1 Mortgage Pass-Through Certificates (the "Certificates" will evidence the entire beneficial ownership interest in a trust fund (the "Trust Fund") consisting primarily of a pool of conventional, fixed-rate, one- to four-family first mortgage loans (the "Mortgage Loans") to be deposited by BA Mortgage Securities, Inc. (the "Depositor") into the Trust Fund for the benefit of the Certificateholders. Only Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class A-11, Class A-12, Class A-13, Class X, Class PO, Class M, Class B-1, Class B-2, Class R-I, Class R-II (the "Offered Certificates") are offered hereby. The Offered Certificates were registered under the Securities Act of 1933, as amended, by a Registration Statement on Form S-11 (File No. 333-05201-01). As a result, the Trust is subject to the filing requirements of Section 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Trust intends to fulfill these filing requirements in the manner described herein: The Trust will file, promptly after each Distribution Date (as defined in the Pooling and Servicing Agreement), a Current Report on Form 8-K in substantially the form enclosed herewith, including as an exhibit thereto the applicable Distribution Date report. Each such Current Report will also disclose under Item 5 any matter occurring during the relevant reporting period which would be reportable under Item 1, 2, 4 or 5 of Part II of Form 10-Q. The Trust will file a Current Report on Form 8-K promptly after the occurrence of any event described under Item 2, 3, 4 or 5 thereof, responding to the requirements of the applicable Item. Within 90 days after the end of each fiscal year, the Trust will file an annual report of Form 10-K which responds to Items 2, 3, and 4 of Part I, Items 5 and 9 of Part II, Items 12 and 13 of Part III and Item 14 of Part IV thereof, and include as exhibits thereto certain information from the Distribution Date reports aggregated for such year and a copy of the independent accountants' annual compliance statement required under the Pooling and Servicing Agreement. The Trust will follow the above procedures except for any fiscal year as to which its reporting obligations under Section 15(d) of the Exchange Act have been suspended pursuant to such Section. In such event, the Trust will file a Form 15 as required under Rule 15d-6. Should you wish to discuss the above filing procedures, please call Judy L. Gomez at (714) 253-7562. Sincerely, /s/ Judy L. Gomez Assistant Vice President Bankers Trust Company of California, N.A. S.E.C. Reporting Agent for BA Mortgage Securities, Inc. Mortgage Pass-Through Certificates, Series 1997-1. 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): September 25, 1997 BA MORTGAGE SECURITIES, INC. (as the Depositor (the "Depositor"), Bank of America, Federal Savings Bank and Bank of America National Trust and Savings Association, as Master Servicers (together the "Master Servicers"), and Bankers Trust Company of California, N.A., as trustee (the "Trustee) under the Pooling and Servicing Agreement, dated as of August 1, 1997, providing for the issuance of the Mortgage Pass-Through Certificates, Series 1997-1). BA MORTGAGE SECURITIES, INC. (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-3418 94-324470 (Commission File Number) (I.R.S. Employer Identification No.) 345 MONTGOMERY STREET, LOWER LEVEL #2, UNIT #8152 SAN FRANCISCO, CALIFORNIA 94104 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (415) 622-3676 Item 5. Other Events Attached hereto is a copy of the Monthly Remittance Statements to the Certificateholders which was derived from the monthly information submitted by the Master Servicer of the Trust to the Trustee. Item 7. Financial Statement and Exhibits Exhibits: (as noted in Item 5 above) Monthly Report to Certificateholders as to distributions made on September 25, 1997, and filed with the Securities and Exchange Commission on Form 8-K on March 30, 1998. Monthly Report to Certificateholders as to distributions made on October 27, 1997, and filed with the Securities and Exchange Commission on Form 8-K on March 30, 1998. Monthly Report to Certificateholders as to distributions made on November 25, 1997, and filed with the Securities and Exchange Commission on Form 8-K on March 30, 1998. Monthly Report to Certificateholders as to distributions made on December 26, 1997, and filed with the Securities and Exchange Commission on Form 8-K on March 30, 1998. Monthly Report to Certificateholders as to distributions made on January 26, 1998, and filed with the Securities and Exchange Commission on Form 8-K on March 30, 1998. Monthly Report to Certificateholders as to distributions made on February 25, 1998, and filed with the Securities and Exchange Commission on Form 8-K on March 30, 1998. Monthly Report to Certificateholders as to distributions made on March 25, 1998, and filed with the Securities and Exchange Commission on Form 8-K on March 30, 1998. 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. Bankers Trust Company of California, N.A., not in its individual capacity, but solely as a duly authorized agent of the Registrant pursuant to the Pooling and Servicing Agreement, dated as of August 1, 1997. Date: March 30, 1998 By: /s/ Judy L. Gomez Judy L. Gomez Assistant Vice President EXHIBIT INDEX Sequential Document Page Number Monthly Remittance Statement to the Certificateholders dated as of September 25, 1997. Monthly Remittance Statement to the Certificateholders dated as of October 27, 1997. Monthly Remittance Statement to the Certificateholders dated as of November 25, 1997. Monthly Remittance Statement to the Certificateholders dated as of December 26, 1997. Monthly Remittance Statement to the Certificateholders dated as of January 26, 1998. Monthly Remittance Statement to the Certificateholders dated as of February 25, 1998. Monthly Remittance Statement to the Certificateholders dated as of March 25, 1998. BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1 REMIC I REVISED STATEMENT TO CERTIFICATEHOLDERS DISTRIBUTIONS IN DOLLARS	 			ORIGINAL		 PRIOR PRINC CLASS 	FACE VALUE	 BALANCE		INTEREST		PRINCIPAL 	N			 50.00			 50.00		 0.32		 50.00 	O		 5,249,000.00		 5,249,000.00	 31,712.71	 53,563.08 	P	 118,268,273.00	 118,268,273.00 1,241,816.87	1,162,845.09 	Q		21,567,000.00		21,567,000.00	 132,097.88		 0.00 	R		24,683,000.00		24,683,000.00	 155,897.83 	 0.00 	S		 8,253,400.00		 8,253,400.00		 0.00	 70,135.64 	T	 125,377,420.00	 125,337,420.00	 783,608.88	 108,472.55 	U	 287,799,682.00	 287,799,682.00 1,702,814.79	2,936,833.14 	V		 5,369,967.00		 5,369,967.00	 31,101.06	 54,797.48 	W		32,267,000.00		32,267,000.00	 205,029.90		 0.00 	X		17,313,492.00		17,313,492.00		 0.00	 67,571.58 	Y		26,922,848.00		26,922,848.00	 168,267.80	 22,470.37 	Z			 0.00			 0.00	 72,176.32		 0.00 	R-1			 50.00			 50.00		 0.32		 50.00 Totals	 673,071,182.00	 673,071,182.00 4,524,524.68	4,476,788.94 			TOTAL			REALIZED		DEFERRED		CURRENT 							LOSSES		INTEREST		PRINCIPAL 													BALANCE 	N			 50.32			 0.00		 0.00		 0.00 	O		 85,275.79			 0.00		 0.00	5,195,436.92 	P		 2,404,661.96			 0.00		 0.00 117,105,427.91 	Q		 132,097.88			 0.00		 0.00 21,567,000.00 	R		 155,897.83			 0.00		 0.00 24,683,000.00 	S		 70,135.64			 0.00		 0.00	8,183,264.36 	T		 892,081.43			 0.00		 0.00 125,268,947.45 	U		 4,639,647.93			 0.00		 0.00 284,862,848.86 	V		 85,898.54			 0.00		 0.00	5,315,169.52 	W		 205,029.90			 0.00		 0.00 32,267,000.00 	X		 67,571.58			 0.00		 0.00 17,245,920.42 	Y		 190,738.58			 0.00		 0.00 26,900,377.63 	Z		 72,176.32			 0.00		 0.00		 0.00 	R-1			 50.32			 0.00		 0.00		 0.00 Totals		 9,001,313.62			 0.00		 0.00 668,594,393.07 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE 					 PRIOR 					 PRINCIPAL 	CLASS	 CUSIP	 BALANCE		INTEREST		PRINCIPAL		TOTAL 	N				1,000.000000	 6.487259	 1,000.000000	 1,006.487259 	O				1,000.000000	 6.041667	 10.204435		16.246102 	P				1,000.000000	10.500000	 9.832266		20.332266 	Q				1,000.000000	 6.125000		0.000000		 6.125000 	R				1,000.000000	 6.316000		0.000000		 6.316000 	S				1,000.000000	 0.000000		8.497788		 8.497788 	T				1,000.000000	 6.250000		0.865168		 7.115168 	U				1,000.000000	 5.916667	 10.204435		16.121102 	V				1,000.000000	 5.791667	 10.204435		15.996102 	W				1,000.000000	 6.354167		0.000000		 6.354167 	X				1,000.000000	 0.000000		3.902828		 3.902828 	Y				1,000.000000	 6.250000		0.834621		 7.084621 	Z				 0.000000	 0.107234		0.000000		 0.107234 	R-I		055240AX3 1,000.000000	 6.400000	 1,000.000000	 1,006.400000 			CURRENT		PASS THROUGH 			PRINCIPAL		RATES 			BALANCE		CURRENT		NEXT 	N		 0.000000	7.625000%		7.625000% 	O		989.795565	7.250000%		7.250000% 	P		990.167734	9.000000%		9.000000% 	Q	 1,000.000000	7.350000%		7.350000% 	R	 1,000.000000	7.579200%		7.579200% 	S		991.502212	0.000000%		0.000000% 	T		999.134832	7.500000%		7.500000% 	U		989.795565	7.100000%		7.100000% 	V		989.795565	6.950000%		6.950000% 	W	 1,000.000000	7.625000%		7.625000% 	X		996.097172	0.000000%		0.000000% 	Y		999.165379	7.500000%		7.500000% 	Z		 0.000000	0.259650%			 NA 	R-I		 0.000000	7.625000%		7.625000% Seller:			 Bank of America			Administrator:	 Dave Co Servicer:			 Bank of America				 Bankers Trust Company Lead Underwriter: Donaldson, Lufkin & Jenrette				3 Park Plaza Record Date:		 August 29, 1997					 Irvine, CA 92714 Distribution Date:	 September 25, 1997 Factor Information: (800)735-7777 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1 REMIC II REVISED STATEMENT TO CERTIFICATEHOLDERS DISTRIBUTIONS IN DOLLARS	 			ORIGINAL		 PRIOR PRINC CLASS 	FACE VALUE	 BALANCE		INTEREST		PRINCIPAL 	A-1		 5,249,000.00		 5,249,000.00	 31,712.71	 53,563.08 	A-2	 118,268,273.00	 118,268,273.00	 853,749.10	1,162,845.09 	A-3			 0.00			 0.00	 388,067.77		 0.00 	A-4		21,567,000.00		21,567,000.00	 132,097.88		 0.00 	A-5		24,683,000.00		24,683,000.00	 149,129.46		 0.00 	A-6		 8,253,400.00		 8,253,400.00		 0.00	 70,135.64 	A-7	 125,377,420.00	 125,377,420.00	 783,608.88	 108,472.55 	A-8	 245,698,788.00	 245,698,788.00 1,453,717.83	2,507,217.31 	A-9		 5,369,967.00		 5,369,967.00	 31,101.06	 54,797.48 	A-10		25,000,000.00		25,000,000.00	 147,916.67		 0.00 	A-11		17,100,894.00		17,100,894.00	 101,180.29	 429,615.84 	A-12		32,267,000.00		32,267,000.00	 194,946.46		 0.00 	A-13			 0.00			 0.00	 16,854.81		 0.00 	X			 0.00			 0.00	 72,176.32		 0.00 	PO		17,313,492.00		17,313,492.00		 0.00	 67,571.58 Totals	 646,148,234.00	 646,148,234.00 4,356,256.24	4,454,218.57 			TOTAL			REALIZED		DEFERRED		CURRENT 							LOSSES		INTEREST		PRINCIPAL 													BALANCE	 	A-1 	 85,275.79		0.00			0.00		 5,195,436.92 	A-2 	 2,016,594.19		0.00			0.00		 117,105,427.91 	A-3 	 388,067.77		0.00			0.00				 0.00 	A-4 	 132,097.88		0.00			0.00			21,567,000.00 	A-5 149,126.46 0.00			0.00			24,683,000.00 	A-6 70,135.64 0.00			0.00			 8,183,264.36 	A-7 892,081.43 0.00			0.00		 125,268,947.45 	A-8 3,960,935.14		0.00			0.00		 243,191,570.69 	A-9 85,898.54		0.00			0.00			 5,315,169.52 	A-10 147,916.67		0.00			0.00			25,000,000.00 	A-11 530,796.13		0.00			0.00			16,671,278.16 	A-12 194,946.46		0.00			0.00		 32,267,000.00 	A-13 16,854.81		0.00			0.00				 0.00 X		 72,176.32		0.00			0.00				 0.00 	PO		 67,571.58		0.00			0.00			17,245,920.42 Totals 8,810,474.81		0.00 0.00 641,694,015.43 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE 					 PRIOR 					 PRINCIPAL 	CLASS	 CUSIP BALANCE		INTEREST		PRINCIPAL		TOTAL 	A-1 	055240AD7 1,000.000000	6.041667	 10.204435	 16.246102 	A-2 	055240AE5	1,000.000000	7.218750	 9.832266		17.051016 	A-3 	055240AF2 0.000000	0.600586	 0.000000		 0.600586 	A-4 	055240AG0	1,000.000000	6.125000	 	0.000000		 6.125000 	A-5		055240AH8 1,000.000000 6.041667 0.000000 6.041667 	A-6		055240AJ4 1,000.000000 0.000000		8.497788 8.497788 	A-7		055240AK1 1,000.000000 6.250000		0.865168 7.115168 	A-8		055240AL9 1,000.000000 5.916667	 10.204435 16.121102 	A-9		055240AM7 1,000.000000 5.791667	 10.204435 15.996102 	A-10		055240AN5 1,000.000000 5.976667		0.000000 5.916667 	A-11		055240AP0 1,000.000000 5.976667	 25.122420 31.039086 	A-12		055240AQ8 1,000.000000 6.041667		0.000000 6.041667 A-13		055240AR6	 0.000000	0.026085	 	0.000000		 0.026085 	X		055240AS4	 0.000000	0.111702	 	0.000000		 0.111702 	PO		055240AT2	1,000.000000	0.000000	 	3.902828		 3.902828 CURRENT		PASS THROUGH 			PRINCIPAL		RATES 			BALANCE		CURRENT		NEXT 	A-1 	989.795565	7.250000%		7.250000% 	A-2		990.167734	6.187500%		6.187500% 	A-3		 0.000000	2.812500%		2.812500% 	A-4 1,000.000000	7.350000%		7.350000% 	A-5 1,000.000000	7.250000%		7.250000% 	A-6 991.502212	0.000000%		0.000000% 	A-7		999.134832	7.500000%		7.500000% 	A-8 989.795565	7.100000%		7.100000% 	A-9 989.795565	6.950000%		6.950000% 	A-10 1,000.000000	7.100000%		7.100000% 	A-11		974.877580	7.100000%		7.100000% 	A-12 1,000.000000	7.250000%		7.250000% 	A-13 000.000000	7.625000%		7.625000% 	X	 000.000000	7.500000%		7.500000% 	PO 996.097172 0.000000% 0.000000% Seller:			 Bank of America			Administrator:	 Dave Co Servicer:			 Bank of America				 Bankers Trust Company Lead Underwriter: Donaldson, Lufkin & Jenrette				3 Park Plaza Record Date:		 August 29, 1997					 Irvine, CA 92714 Distribution Date:	 September 25, 1997 Factor Information: (800)735-7777 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1 REMIC II REVISED STATEMENT TO CERTIFICATEHOLDERS DISTRIBUTIONS IN DOLLARS	 			ORIGINAL		 PRIOR PRINC 	CLASS 	FACE VALUE	 BALANCE		INTEREST		PRINCIPAL 	M		15,144,101.00		15,144,101.00	 94,950.63	 12,639.58 	B-1		 5,048,033.00	 5,048,033.00	 31,550.21	 4,213.19 	B-2		 2,355,749.00		 2,355,749.00	 14,723.43	 1.966.16 	B-3		 1,682,677.00		 1,682,677.00	 10,516.73	 1,404.40 	B-4		 1,346,142.00		 1,346,142.00	 8,413.39	 1,123.52 	B-5		 1,346,146.00		 1,346,146.00	 8,413.41	 1,123.52 	R-II			 50.00	 50.00	 0.32	 50.00 Totals	 26,922,898.00	 26,922,898.00 168,268.12	 22,520.37 			TOTAL			REALIZED		DEFERRED		CURRENT 							LOSSES		INTEREST		PRINCIPAL 													BALANCE	 	M		 107,290.21		0.00			0.00		 15,131,461.42 	B-1 	 35,763.40		0.00			0.00		 5,043,819.81 	B-2 	 16,689.59		0.00			0.00			 2,353,782.84 	B-3 	 11,921.13		0.00			0.00			 1,681,272.60 	B-4 9,536.91 0.00			0.00			 1,345,018.48 	B-5 9,536.93 0.00			0.00			 1,345,022.48 	R-II 50.32 0.00			0.00				 0.00 Totals 190,788.49		0.00 0.00 26,900,377.63 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE 					 PRIOR 					 PRINCIPAL 	CLASS	 CUSIP BALANCE		INTEREST		PRINCIPAL		TOTAL 	M		055240AU9 1,000.000000	6.250000	 0.834621	 7.084621 	B-1 	055240AV7	1,000.000000	6.250001	 0.834620	 7.084621 	B-2 	055240AW5	1,000.000000	6.249999	 0.834622	 7.094621 	B-3 	055240AA3	1,000.000000	6.249999	 	0.834622	 7.084622 	B-4		055240AB1 1,000.000000 6.250002 0.834622 7.094624 	B-5		055240AC9 1,000.000000 6.249998		0.834617 7.084615 	R-II		055240AY1 1,000.000000 6.487259	 1000.000000 1,006.487259 CURRENT		PASS THROUGH 			PRINCIPAL		RATES 			BALANCE		CURRENT		NEXT 	M		999.165379	7.250000%		7.250000% 	B-1		990.167734	6.187500%		6.187500% 	B-2		999.165378	2.812500%		2.812500% 	B-3 999.165378	7.350000%		7.350000% 	B-4 999.165378	0.000000%		0.000000% 	B-5		999.165383	7.500000%		7.500000% 	R-II 0.000000	7.100000%		7.100000% Seller:			 Bank of America			Administrator:	 Dave Co Servicer:			 Bank of America				 Bankers Trust Company Lead Underwriter: Donaldson, Lufkin & Jenrette				3 Park Plaza Record Date:		 August 29, 1997					 Irvine, CA 92714 Distribution Date:	 September 25, 1997 Factor Information: (800)735-7777 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-3 REVISED STATEMENT TO CERTIFICATE HOLDERS Distribution Date:			September 25,1997 MORTGAGE POOL INFORMATION: 	Beginning Number of Loans in Pool							 2,300 	Ending Number of Loans in Pool							 2,289 	Beginning Balance of Pool						 	673,071,182.00 	Less:	Scheduled Principal				680,851.18 			Principal Prepayments		 3,795,937.05 			Repurchases						 0.00 			Liquidation						 0.00 			Other Unscheduled Principal			 0.00 (4,476,788.23) 	Ending Balance of Pool								668,594,393.77 	Weighted Average Remaining Term to Maturity						 326 	Weighted Average Mortgage Rate							7.686333% 	Current Realized Losses on the Pool							0.00 	Cumulative Realized Losses on the Pool							0.00 Delinquent, Bankruptcy,						 Loans	 Loans	 Loans Foreclosure and REO	 30 to 59 60 to 89 90 Plus in		 in		in Loan Information	 Days	 Days	 Days	 Bankruptcy Foreclosure	REO Principal Balance		0.00		0.00		0.00		0.00		0.00	 0.00 % of Pool Balance	0.0000%	0.0000%	0.0000%	0.0000%	0.0000% 0.0000% Number of Loans		0		0		0		0		0		0 % of Loans			0.0000%	0.0000%	0.0000%	0.0000%	0.0000% 0.000% 	Book Value of REO Properties									NA Servicing Information: 	Services Fees Accrued during the current due period		 140,545.58 	Plus:	Additional servicing compensation						0.00 	Less:	Amts. To cover prepayment Int. Shortfall	6,214.09 			Delinquent Services Fees					 64.83 (5,278.92) 	Servicing Fees Collected for the Current Due Period		 134,266.66 	Advanced Principal										 359.07 	Advanced Interest									 2,009.80 BA MORTGAGE SECURITIES,INC. MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-1 REVISED STATEMENTS TO CERTIFICATEHOLDERS Distribution Date:			September 25, 1997 					Other					Cumulative 		Prepayment	Unscheduled	Certificate	Unpaid	 Cumulative 		Principal		Principal		Interest		Interest		Realized Class	Distributed	Distributed	Shortfall		Shortfall		Losses A-1		 46,979.30		0.00			0.00			0.00			0.00 A-2		1,019,912.50		0.00			0.00			0.00			0.00 A-3			 0.00		0.00			0.00			0.00			0.00 A-4			 0.00		0.00			0.00			0.00			0.00 A-5			 0.00		0.00			0.00			0.00			0.00 A-6		 61,514.83		0.00			0.00			0.00			0.00 A-7			 0.00		0.00			0.00			0.00			0.00 A-8		2,199,039.48		0.00			0.00			0.00			0.00 A-9		 48,061.98		0.00			0.00			0.00			0.00 A-10			 0.00		0.00			0.00			0.00			0.00 A-11		 346,809.05		0.00			0.00			0.00			0.00 A-12			 0.00		0.00			0.00			0.00			0.00 A-13			 0.00		0.00			0.00			0.00			0.00 X			 0.00		0.00			0.00			0.00			0.00 PO		 43,532.20		0.00			0.00			0.00			0.00 M			 0.00		0.00			0.00			0.00			0.00 B-1			 0.00		0.00			0.00			0.00			0.00 B-2			 0.00		0.00			0.00			0.00			0.00 B-3			 0.00		0.00			0.00			0.00			0.00 B-4			 0.00		0.00			0.00			0.00			0.00 B-5			 0.00		0.00			0.00			0.00			0.00 TOTALS	3,795,849.34		0.00			0.00			0.00			0.00 	OTHER REPORTING ITEMS: 	SENIOR PERCENTAGE									95.89% 	SENIOR PREPAYMENT PRECENTAGE						 100.00% 	SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT			 26,966311 	HAS THE CREDIT SUPPORT DEPLETION DATE OCCURED		 NO 	BANKRUPTCY AMOUNT								 100,000.00 	FRAUD LOSS AMOUNT							 13,461,423.64 	SPECIAL HAZARD AMOUNT							6,730,712.00 	EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD				 0.00 	GUARANTEED DISTRIBUTIONS							 149,126.46 	GUARANTEED DISTIBUTIONS PAID UNDER THE POLICY			 0.00 	BEGINNING RESERVE FUND BALANCE					 2,500.00 	WITHDRAWLS FROM RESERVE FUND							 0.00 	ENDING RESERVE FUND BALANCE						 2,500.00 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1 REMIC I STATEMENT TO CERTIFICATEHOLDERS DISTRIBUTIONS IN DOLLARS	 			ORIGINAL		 PRIOR PRINC CLASS 	FACE VALUE	 BALANCE		INTEREST		PRINCIPAL 	N			 50.00			 0.00		 0.00		 0.00 	O		 5,249,000.00		 5,195,436.92	 31,389.10	 66,783.61 	P	 118,268,273.00	 117,105,427.91 878,290.71	1,449,860.59 	Q		21,567,000.00		21,567,000.00	 132,097.88		 0.00 	R		24,683,000.00		24,683,000.00	 155,897.83 		 0.00 	S		 8,253,400.00		 8,253,400.00		 0.00	 87,444.57 	T	 125,377,420.00	 125,268,947.45	 782,930.92	 109,376.23 	U	 287,799,682.00	 284,862,848.86 1,685,438.53	3,661,707.53 	V		 5,369,967.00		 5,315,169.52	 30,783.69	 68,322.69 	W		32,267,000.00		32,267,000.00	 205,029.90		 0.00 	X		17,313,492.00		17,245,920.42		 0.00	 72,428.08 	Y		26,922,848.00		26,900,377.63	 168,127.35	 22,654.97 	Z			 0.00			 0.00	 71,129.49		 0.00 	R-1			 50.00			 0.00		 0.00		 0.00 Totals	 673,071,182.00	 668,594,393.06 4,141,115.40	5,538,578.27 			TOTAL			REALIZED		DEFERRED		CURRENT 							LOSSES		INTEREST		PRINCIPAL 													BALANCE 	N			 00.00			 0.00		 0.00		 0.00 	O		 98,172.71			 0.00		 0.00	5,128,653.31 	P		 2,328,151.30			 0.00		 0.00 115,655,567.32 	Q		 132,097.88			 0.00		 0.00 21,567,000.00 	R		 155,897.83			 0.00		 0.00 24,683,000.00 	S		 87,444.57			 0.00		 0.00	8,095,819.79 	T		 892,307.15			 0.00		 0.00 125,159,571.22 	U		 5,347,146.06			 0.00		 0.00 281,201,141.33 	V		 99,106.38			 0.00		 0.00	5,246,846.83 	W		 205,029.90			 0.00		 0.00 32,267,000.00 	X		 72,428.08			 0.00		 0.00 17,173,492.34 	Y		 190,782.32			 0.00		 0.00 26,877,722.66 	Z		 71,129.49			 0.00		 0.00		 0.00 	R-1			 0.00			 0.00		 0.00		 0.00 Totals		 9,679,693.67			 0.00		 0.00 663,055,814.79 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE 					 PRIOR 					 PRINCIPAL 	CLASS	 CUSIP	 BALANCE		INTEREST		PRINCIPAL		TOTAL 	N				 0.000000	 0.010205		0.000000		 0.010205 	O				 989.795565	 5.980015	 12.723112		18.703127 	P				 990.167734	 7.426258	 12.259083		19.685341 	Q				1,000.000000	 6.125000		0.000000		 6.125000 	R				1,000.000000	 6.316000		0.000000		 6.316000 	S				 991.502212	 0.000000	 10.594975		10.594975 	T				 999.134832	 6.244593		0.872376		 7.116968 	U				 989.795565	 5.856290	 12.723112		18.579402 	V				 989.795565	 5.732566	 12.723112		18.455678 	W				1,000.000000	 6.354167		0.000000		 6.354167 	X				 996.097172	 0.000000		4.183332		 4.183332 	Y				 999.165379	 6.244783		0.841477		 7.086261 	Z				 0.000000	 0.105679		0.000000		 0.105679 	R-I		055240AX3 1,000.000000	 0.000000	 	0.000000		 0.000000 			CURRENT		PASS THROUGH 			PRINCIPAL		RATES 			BALANCE		CURRENT		NEXT 	N		 0.000000	7.625000%		7.625000% 	O		977.072453	7.250000%		7.250000% 	P		977.908651	9.000000%		9.000000% 	Q	 1,000.000000	7.350000%		7.350000% 	R	 1,000.000000	7.579200%		7.579200% 	S		980.907237	0.000000%		0.000000% 	T		998.262456	7.500000%		7.500000% 	U		977.072453	7.100000%		7.100000% 	V		977.072453	6.950000%		6.950000% 	W	 1,000.000000	7.625000%		7.625000% 	X		991.913840	0.000000%		0.000000% 	Y		998.323902	7.500000%		7.500000% 	Z		 0.000000	0.258592%			 NA 	R-I		 0.000000	7.625000%		7.625000% Seller:			 Bank of America			Administrator:	 Dave Co Servicer:			 Bank of America				 Bankers Trust Company Lead Underwriter: Donaldson, Lufkin & Jenrette				3 Park Plaza Record Date:		 September 30, 1997					 Irvine, CA 92714 Distribution Date:	 October 25, 1997 Factor Information: (800)735-7777 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1 REMIC II STATEMENT TO CERTIFICATEHOLDERS DISTRIBUTIONS IN DOLLARS	 			ORIGINAL		 PRIOR PRINC CLASS 	FACE VALUE	 BALANCE		INTEREST		PRINCIPAL 	A-1		 5,249,000.00		 5,195,436.92	 31,389.10	 66,783.61 	A-2	 118,268,273.00	 117,105,427.91	 600,775.24	1,449,860.59 	A-3			 0.00			 0.00	 277,515.47		 0.00 	A-4		21,567,000.00		21,567,000.00	 132,097.88		 0.00 	A-5		24,683,000.00		24,683,000.00	 149,126.46		 0.00 	A-6		 8,253,400.00		 8,183,264.36		 0.00	 87,444.57 	A-7	 125,377,420.00	 125,268,947.45	 782,930.92	 109,376.23 	A-8	 245,698,788.00	 243,191,570.69 1,438,883.46	3,126,053.15 	A-9		 5,369,967.00		 5,315,169.52	 30,783.69	 68,322.69 	A-10		25,000,000.00		25,000,000.00	 147,916.67		 0.00 	A-11		17,100,894.00		16,671,278.16	 98,638.40	 535,654.38 	A-12		32,267,000.00		32,267,000.00	 194,946.46		 0.00 	A-13			 0.00			 0.00	 16,854.81		 0.00 	X			 0.00			 0.00	 71,129.49		 0.00 	PO		17,313,492.00		17,245,920.42		 0.00	 72,428.08 Totals	 646,148,234.00	 641,694,015.43 3,972,988.05	5,515,923.30 			TOTAL			REALIZED		DEFERRED		CURRENT 							LOSSES		INTEREST		PRINCIPAL 													BALANCE	 	A-1 	 98,172.71		0.00			0.00		 5,128,653.31 	A-2 	 2,050,635.83		0.00			0.00		 115,655,567.32 	A-3 	 277,515.47		0.00			0.00				 0.00 	A-4 	 132,097.88		0.00			0.00			21,567,000.00 	A-5 149,126.46 0.00			0.00			24,683,000.00 	A-6 87,444.57 0.00			0.00			 8,095,819.79 	A-7 892,307.15 0.00			0.00		 125,159,571.22 	A-8 4,564,936.61		0.00			0.00		 240,065,517.54 	A-9 99,106.38		0.00			0.00			 5,246,846.83 	A-10 147,916.67		0.00			0.00			25,000,000.00 	A-11 634,292.78		0.00			0.00			16,135,623.78 	A-12 194,946.46		0.00			0.00		 32,267,000.00 	A-13 16,854.81		0.00			0.00				 0.00 X		 71,129.49		0.00			0.00				 0.00 	PO		 72,428.08		0.00			0.00			17,173,792.34 Totals 9,488,911.35		0.00 0.00 636,178,092.13 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE 					 PRIOR 					 PRINCIPAL 	CLASS	 CUSIP BALANCE		INTEREST		PRINCIPAL		TOTAL 	A-1 	055240AD7 989.795565	5.980015	 12.723112	 18.703127 	A-2 	055240AE5	 990.167734	5.079767	 12.259083		17.338850 	A-3 	055240AF2 0.000000	0.429492	 0.000000		 0.429492 	A-4 	055240AG0	1,000.000000	6.125000	 	0.000000		 6.125000 	A-5		055240AH8 1,000.000000 6.041667 0.000000 6.041667 	A-6		055240AJ4 991.502212 0.000000	 10.594975 10.594975 	A-7		055240AK1 999.134832 6.244593		0.872376 7.116968 	A-8		055240AL9 989.795565 5.856290	 12.723112 18.579402 	A-9		055240AM7 989.795565 5.732566	 12.723112 18.455678 	A-10		055240AN5 1,000.000000 5.916667		0.000000 5.916667 	A-11		055240AP0 974.877580 5.768026	 31.323180 37.091206 	A-12		055240AQ8 1,000.000000 6.041667		0.000000 6.041667 A-13		055240AR6	 0.000000	0.026085	 	0.000000		 0.026085 	X		055240AS4	 0.000000	0.110082	 	0.000000		 0.110082 	PO		055240AT2	 996.097172	0.000000	 	4.183332		 4.183332 CURRENT		PASS THROUGH 			PRINCIPAL		RATES 			BALANCE		CURRENT		NEXT 	A-1 	977.072453	7.250000%		7.250000% 	A-2		977.908651	6.156250%		6.156250% 	A-3		 0.000000	2.843750%		2.843750% 	A-4 1,000.000000	7.350000%		7.350000% 	A-5 1,000.000000	7.250000%		7.250000% 	A-6 980.907237	0.000000%		0.000000% 	A-7		998.262456	7.500000%		7.500000% 	A-8 977.072453	7.100000%		7.100000% 	A-9 977.072453	6.950000%		6.950000% 	A-10 1,000.000000	7.100000%		7.100000% 	A-11		943.554400	7.100000%		7.100000% 	A-12 1,000.000000	7.250000%		7.250000% 	A-13 000.000000	7.625000%		7.625000% 	X	 000.000000	7.500000%		7.500000% 	PO 991.913840 0.000000% 0.000000% Seller:			 Bank of America			Administrator:	 Dave Co Servicer:			 Bank of America				 Bankers Trust Company Lead Underwriter: Donaldson, Lufkin & Jenrette				3 Park Plaza Record Date:		 September 30, 1997					 Irvine, CA 92714 Distribution Date:	 October 25, 1997 Factor Information: (800)735-7777 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1 REMIC II STATEMENT TO CERTIFICATEHOLDERS DISTRIBUTIONS IN DOLLARS	 			ORIGINAL		 PRIOR PRINC 	CLASS 	FACE VALUE	 BALANCE		INTEREST		PRINCIPAL 	M		15,144,101.00		15,131,461.42	 94,571.63	 12,743.42 	B-1		 5,048,033.00	 5,043,819.81	 31,523.21	 4,247.81 	B-2		 2,355,749.00		 2,353,782.84	 14,711.14	 1.982.31 	B-3		 1,682,677.00		 1,681,272.60	 10,507.95	 1,415.93 	B-4		 1,346,142.00		 1,345,018.48	 8,406.37	 1,132.75 	B-5		 1,346,146.00		 1,345,022.00	 8,406.39	 1,132.75 	R-II			 50.00	 0.00	 0.00	 0.00 Totals	 26,922,898.00	 26,900,377.63.00 168,127.35	 22,654.97 			TOTAL			REALIZED		DEFERRED		CURRENT 							LOSSES		INTEREST		PRINCIPAL 													BALANCE	 	M		 107,315.05		0.00			0.00		 15,118,718.00 	B-1 	 35,771.68		0.00			0.00		 5,039,572.00 	B-2 	 16,693.45		0.00			0.00			 2,351,800.53 	B-3 	 11,923.88		0.00			0.00			 1,679,856.67 	B-4 9,536.12 0.00			0.00			 1,343,885.73 	B-5 9,539.14 0.00			0.00			 1,345,889.73 	R-II 0.00 0.00			0.00				 0.00 Totals 190,782.32		0.00 0.00 26,877,722.66 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE 					 PRIOR 					 PRINCIPAL 	CLASS	 CUSIP BALANCE		INTEREST		PRINCIPAL		TOTAL 	M		055240AU9 999.165379	6.244783	 0.841477	 7.086261 	B-1 	055240AV7	 999.165380	6.244783	 0.841478	 7.086261 	B-2		055240AW5	 999.165378	6.244782	 0.841478	 7.086260 	B-3 	055240AA3	 999.165378	6.244781	 	0.841475	 7.086256 	B-4		055240AB1 999.165378 6.244787 0.841479 7.086266 	B-5		055240AC9 999.165379 6.244783		0.848476 7.086259 	R-II		055240AY1 000.000000 0.010205	 0.000000 0.010205 CURRENT		PASS THROUGH 			PRINCIPAL		RATES 			BALANCE		CURRENT		NEXT 	M		998.323902	7.500000%		7.500000% 	B-1		998.323902	7.500000%		7.500000% 	B-2		998.323900	7.500000%		7.500000% 	B-3 998.323903	7.500000%		7.500000% 	B-4 998.323899	7.500000%		7.500000% 	B-5		998.323903	7.500000%		7.500000% 	R-II 0.000000	7.625000%		7.625000% Seller:			 Bank of America			Administrator:	 Dave Co Servicer:			 Bank of America				 Bankers Trust Company Lead Underwriter: Donaldson, Lufkin & Jenrette				3 Park Plaza Record Date:		 September 30, 1997					 Irvine, CA 92714 Distribution Date:	 October 25, 1997 Factor Information: (800)735-7777 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-3 REVISED STATEMENT TO CERTIFICATE HOLDERS Distribution Date:			October 25,1997 MORTGAGE POOL INFORMATION: 	Beginning Number of Loans in Pool							 2,289 	Ending Number of Loans in Pool							 2,289 	Beginning Balance of Pool						 	668,594,393.77 	Less:	Scheduled Principal				683,213.98 			Principal Prepayments		 4,855,365.00 			Repurchases						 0.00 			Liquidation						 0.00 			Other Unscheduled Principal			 0.00 (5,538,578.98) 	Ending Balance of Pool								663,055,814.79 	Weighted Average Remaining Term to Maturity						 325 	Weighted Average Mortgage Rate							7.684784% 	Current Realized Losses on the Pool							0.00 	Cumulative Realized Losses on the Pool							0.00 Delinquent, Bankruptcy,						 Loans	 Loans	 Loans Foreclosure and REO	 30 to 59 60 to 89 90 Plus in		 in		in Loan Information	 Days	 Days	 Days	 Bankruptcy Foreclosure	REO Principal Balance		0.00		0.00		0.00		0.00		0.00	 0.00 % of Pool Balance	0.0000%	0.0000%	0.0000%	0.0000%	0.0000% 0.0000% Number of Loans		0		0		0		0		0		0 % of Loans			0.0000%	0.0000%	0.0000%	0.0000%	0.0000% 0.000% 	Book Value of REO Properties									NA Servicing Information: 	Services Fees Accrued during the current due period		 139,612.03 	Plus:	Additional servicing compensation						0.00 	Less:	Amts. To cover prepayment Int. Shortfall 16,498.83 			Delinquent Services Fees				 0.00 (16,498.83) 	Servicing Fees Collected for the Current Due Period		 123,113.20 	Advanced Principal										 0.00 	Advanced Interest									 0.00 BA MORTGAGE SECURITIES,INC. MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-1 REVISED STATEMENTS TO CERTIFICATEHOLDERS Distribution Date:			October 25, 1997 					Other					Cumulative 		Prepayment	Unscheduled	Certificate	Unpaid	 Cumulative 		Principal		Principal		Interest		Interest		Realized Class	Distributed	Distributed	Shortfall		Shortfall		Losses A-1		 60,185.98		0.00			0.00			0.00			0.00 A-2		1,306,627.09		0.00			0.00			0.00			0.00 A-3			 0.00		0.00			0.00			0.00			0.00 A-4			 0.00		0.00			0.00			0.00			0.00 A-5			 0.00		0.00			0.00			0.00			0.00 A-6		 78,805.81		0.00			0.00			0.00			0.00 A-7			 0.00		0.00			0.00			0.00			0.00 A-8		2,817,226.54		0.00			0.00			0.00			0.00 A-9		 61,573.01		0.00			0.00			0.00			0.00 A-10			 0.00		0.00			0.00			0.00			0.00 A-11		 482,736.43		0.00			0.00			0.00			0.00 A-12			 0.00		0.00			0.00			0.00			0.00 A-13			 0.00		0.00			0.00			0.00			0.00 X			 0.00		0.00			0.00			0.00			0.00 PO		 48,209.43		0.00			0.00			0.00			0.00 M			 0.00		0.00			0.00			0.00			0.00 B-1			 0.00		0.00			0.00			0.00			0.00 B-2			 0.00		0.00			0.00			0.00			0.00 B-3			 0.00		0.00			0.00			0.00			0.00 B-4			 0.00		0.00			0.00			0.00			0.00 B-5			 0.00		0.00			0.00			0.00			0.00 TOTALS	4,855,364.29		0.00			0.00			0.00			0.00 	OTHER REPORTING ITEMS: 	SENIOR PERCENTAGE									96.56% 	SENIOR PREPAYMENT PRECENTAGE						 100.00% 	SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT			 22,654.97 	HAS THE CREDIT SUPPORT DEPLETION DATE OCCURED		 NO 	BANKRUPTCY AMOUNT								 100,000.00 	FRAUD LOSS AMOUNT							 13,371,887.88 	SPECIAL HAZARD AMOUNT							6,730,712.00 	EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD				 0.00 	GUARANTEED DISTRIBUTIONS							 149,126.46 	GUARANTEED DISTIBUTIONS PAID UNDER THE POLICY			 0.00 	BEGINNING RESERVE FUND BALANCE					 2,500.00 	WITHDRAWLS FROM RESERVE FUND							 0.00 	ENDING RESERVE FUND BALANCE						 2,500.00 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1 REMIC I STATEMENT TO CERTIFICATEHOLDERS DISTRIBUTIONS IN DOLLARS	 			ORIGINAL		 PRIOR PRINC CLASS 	FACE VALUE	 BALANCE		INTEREST		PRINCIPAL 	N			 50.00			 0.00		 0.00		 0.00 	O		 5,249,000.00		 5,128,653.31	 30,985.61	 62,914.40 	P	 118,268,273.00	 115,655,567.32 867,416.76	1,365,960.58 	Q		21,567,000.00		21,567,000.00	 132,097.88		 0.00 	R		24,683,000.00		24,683,000.00	 155,897.83 		 0.00 	S		 8,253,400.00		 8,095,819.79		 0.00	 82,378.33 	T	 125,377,420.00	 125,159,571.22	 782,247.32	 175,937.14 	U	 287,799,682.00	 281,201,141.33 1,663,773.43	3,449,560.61 	V		 5,369,967.00		 5,246,846.83	 30,387.99	 64,364.31 	W		32,267,000.00		32,267,000.00	 205,029.90		 0.00 	X		17,313,492.00		17,173,492.34		 0.00	 86,558.71 	Y		26,922,848.00		26,877,722.66	 167,985.77	 36,437.39 	Z			 0.00			 0.00	 69,933.18		 0.00 	R-1			 50.00			 0.00		 0.00		 0.00 Totals	 673,071,182.00	 663,055,814.79 4,105,755.67	5,324,011.46 			TOTAL			REALIZED		DEFERRED		CURRENT 							LOSSES		INTEREST		PRINCIPAL 													BALANCE 	N			 00.00			 0.00		 0.00		 0.00 	O		 93,900.01			 0.00		 0.00	5,065,738.91 	P		 2,233,277.34			 0.00		 0.00 114,289,706.74 	Q		 132,097.88			 0.00		 0.00 21,567,000.00 	R		 155,897.83			 0.00		 0.00 24,683,000.00 	S		 82,378.33			 0.00		 0.00	8,013,441.46 	T		 958,184.46			 0.00		 0.00 124,983,634.08 	U		 5,113,334.04			 0.00		 0.00 277,751,580.72 	V		 94,752.30			 0.00		 0.00	5,182,482.53 	W		 205,029.90			 0.00		 0.00 32,267,000.00 	X		 86,558.71			 0.00		 0.00 17,086,933.63 	Y		 204,423.16			 0.00		 0.00 26,841,285.27 	Z		 69,933.18			 0.00		 0.00		 0.00 	R-1			 0.00			 0.00		 0.00		 0.00 Totals		 9,429,767.13			 0.00		 0.00 657,731,803.33 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE 					 PRIOR 					 PRINCIPAL 	CLASS	 CUSIP	 BALANCE		INTEREST		PRINCIPAL		TOTAL 	N				 0.000000	 0.000000		0.000000		 0.000000 	O				 977.072453	 5.903145	 11.985978		17.889123 	P				 977.908651	 7.334315	 11.548833		18.883148 	Q				1,000.000000	 6.125000		0.000000		 6.125000 	R				1,000.000000	 6.316000		0.000000		 6.316000 	S				 980.907237	 0.000000	 9.981138		 9.981138 	T				 998.262456	 6.239140		1.403260		 7.642401 	U				 977.072453	 5.781012	 11.985978		17.766990 	V				 977.072453	 5.658878	 11.985978		17.644856 	W				1,000.000000	 6.354167		0.000000		 6.354167 	X				 991.913840	 0.000000		4.99495		 4.999495 	Y				 998.323902	 6.239525		1.353495		 7.592925 	Z				 0.000000	 0.103902		0.000000		 0.103902 	R-I		055240AX3 0.000000	 0.000000	 	0.000000		 0.000000 			CURRENT		PASS THROUGH 			PRINCIPAL		RATES 			BALANCE		CURRENT		NEXT 	N		 0.000000	7.625000%		7.625000% 	O		965.086475	7.250000%		7.250000% 	P		966.359818	9.000000%		9.000000% 	Q	 1,000.000000	7.350000%		7.350000% 	R	 1,000.000000	7.579200%		7.579200% 	S		970.926098	0.000000%		0.000000% 	T		996.859196	7.500000%		7.500000% 	U		965.086475	7.100000%		7.100000% 	V		965.086475	6.950000%		6.950000% 	W	 1,000.000000	7.625000%		7.625000% 	X		986.914346	0.000000%		0.000000% 	Y		996.970501	7.500000%		7.500000% 	Z		 0.000000	0.257342%			 NA 	R-I		 0.000000	7.625000%		7.625000% Seller:			 Bank of America			Administrator:	 Dave Co Servicer:			 Bank of America				 Bankers Trust Company Lead Underwriter: Donaldson, Lufkin & Jenrette				3 Park Plaza Record Date:		 October 31, 1997					 Irvine, CA 92714 Distribution Date:	 November 25, 1997 Factor Information: (800)735-7777 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1 REMIC II STATEMENT TO CERTIFICATEHOLDERS DISTRIBUTIONS IN DOLLARS	 			ORIGINAL		 PRIOR PRINC CLASS 	FACE VALUE	 BALANCE		INTEREST		PRINCIPAL 	A-1		 5,249,000.00		 5,128,653.31	 30,985.61	 62,914.40 	A-2	 118,268,273.00	 115,655,567.32	 593,337.16	1,365,860.58 	A-3			 0.00			 0.00	 274,079.60		 0.00 	A-4		21,567,000.00		21,567,000.00	 132,097.88		 0.00 	A-5		24,683,000.00		24,683,000.00	 149,126.46		 0.00 	A-6		 8,253,400.00		 8,095,819.79		 0.00	 82,378.33 	A-7	 125,377,420.00	 125,159,571.22	 782,930.92	 175,937.14 	A-8	 245,698,788.00	 240,065,517.54 1,420,387.65	2,944,940.22 	A-9		 5,369,967.00		 5,246,846.83	 30,387.99	 64,364.31 	A-10		25,000,000.00		25,000,000.00	 147,916.67		 0.00 	A-11		17,100,894.00		16,135,623.78	 98,469.11	 504,620.38 	A-12		32,267,000.00		32,267,000.00	 194,946.46		 0.00 	A-13			 0.00			 0.00	 16,854.81		 0.00 	X			 0.00			 0.00	 69,933.18		 0.00 	PO		17,313,492.00		17,173,492.34		 0.00	 86,558.71 Totals	 646,148,234.00	 636,178,092.13 3,937,769.90	5,287,574.07 			TOTAL			REALIZED		DEFERRED		CURRENT 							LOSSES		INTEREST		PRINCIPAL 													BALANCE	 	A-1 	 93,900.01		0.00			0.00		 5,065,738.91 	A-2 	 1,595,197.74		0.00			0.00		 114,289,706.74 	A-3 	 274,079.60		0.00			0.00				 0.00 	A-4 	 132,097.88		0.00			0.00			21,567,000.00 	A-5 149,126.46 0.00			0.00			24,683,000.00 	A-6 87,378.33 0.00			0.00			 8,013,441.46 	A-7 958,184.46 0.00			0.00		 124,983,634.08 	A-8 4,365,327.87		0.00			0.00		 237,120,577.32 	A-9 94,752.30		0.00			0.00			 5,182,482.53 	A-10 147,916.67		0.00			0.00			25,000,000.00 	A-11 600,089.49		0.00			0.00			15,631,003.40 	A-12 194,946.46		0.00			0.00		 32,267,000.00 	A-13 16,854.81		0.00			0.00				 0.00 X		 69,933.18		0.00			0.00				 0.00 	PO		 86,558.71		0.00			0.00			17,086,933.63 Totals 9,225,343.97		0.00 0.00 630,890,518.06 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE 					 PRIOR 					 PRINCIPAL 	CLASS	 CUSIP BALANCE		INTEREST		PRINCIPAL		TOTAL 	A-1 	055240AD7 977.072453	5.903145	 11.985978	 17.889123 	A-2 	055240AE5	 977.908651	5.016875	 11.548833		16.565709 	A-3 	055240AF2 0.000000	0.424174	 0.000000		 0.424174 	A-4 	055240AG0	1,000.000000	6.125000	 	0.000000		 6.125000 	A-5		055240AH8 1,000.000000 6.041667 0.000000 6.041667 	A-6		055240AJ4 980.907237 0.000000	 9.981138 9.981138 	A-7		055240AK1 998.262456 6.239140		1.403260 7.642401 	A-8		055240AL9 977.072453 5.781012	 11.985978 17.766990 	A-9		055240AM7 977.072453 5.658878	 11.985978 17.644856 	A-10		055240AN5 1,000.000000 5.916667		0.000000 5.916667 	A-11		055240AP0 943.554400 5.582697	 29.508421 35.091118 	A-12		055240AQ8 1,000.000000 6.041667		0.000000 6.041667 A-13		055240AR6	 0.000000	0.026085	 	0.000000		 0.026085 	X		055240AS4	 0.000000	0.108231	 	0.000000		 0.108231 	PO		055240AT2	 991.913840	0.000000	 	4.999495		 4.999495 CURRENT		PASS THROUGH 			PRINCIPAL		RATES 			BALANCE		CURRENT		NEXT 	A-1 	965.086475	7.250000%		7.250000% 	A-2		966.359818	6.156250%		6.156250% 	A-3		 0.000000	2.843750%		2.843750% 	A-4 1,000.000000	7.350000%		7.350000% 	A-5 1,000.000000	7.250000%		7.250000% 	A-6 970.926098	0.000000%		0.000000% 	A-7		996.859196	7.500000%		7.500000% 	A-8 965.086475	7.100000%		7.100000% 	A-9 965.086475	6.950000%		6.950000% 	A-10 1,000.000000	7.100000%		7.100000% 	A-11		914.045979	7.100000%		7.100000% 	A-12 1,000.000000	7.250000%		7.250000% 	A-13 000.000000	7.625000%		7.625000% 	X	 000.000000	7.500000%		7.500000% 	PO 986.914346 0.000000% 0.000000% Seller:			 Bank of America			Administrator:	 Dave Co Servicer:			 Bank of America				 Bankers Trust Company Lead Underwriter: Donaldson, Lufkin & Jenrette				3 Park Plaza Record Date:		 October 31, 1997					 Irvine, CA 92714 Distribution Date:	 November 25, 1997 Factor Information: (800)735-7777 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1 REMIC II STATEMENT TO CERTIFICATEHOLDERS DISTRIBUTIONS IN DOLLARS	 			ORIGINAL		 PRIOR PRINC 	CLASS 	FACE VALUE	 BALANCE		INTEREST		PRINCIPAL 	M		15,144,101.00		15,118,718.00	 94,491.99	 20,496.03 	B-1		 5,048,033.00	 5,039,572.00	 31,497.33	 6,832.01 	B-2		 2,355,749.00		 2,351,800.53	 14,698.75	 3.188.27 	B-3		 1,682,677.00		 1,679,856.67	 10,499.10	 2,277.34 	B-4		 1,346,142.00		 1,343,885.73	 8,399.29	 1,821.87 	B-5		 1,346,146.00		 1,343,889.73	 8,399.31	 1,821.87 	R-II			 50.00	 0.00	 0.00	 0.00 Totals	 26,922,898.00	 26,877,722.66 167,985.77	 36,437.39 			TOTAL			REALIZED		DEFERRED		CURRENT 							LOSSES		INTEREST		PRINCIPAL 													BALANCE	 	M		 114,988.02		0.00			0.00		 15,098,221.97 	B-1 	 38,329.34		0.00			0.00		 5,032,739.99 	B-2 	 17,887.02		0.00			0.00			 2,348,612.26 	B-3 	 12,776.44		0.00			0.00			 1,677,579.33 	B-4 10,221.16 0.00			0.00			 1,342,063.86 	B-5 10,221.18 0.00			0.00			 1,342,067.86 	R-II 0.00 0.00			0.00				 0.00 Totals 204,423.16		0.00 0.00 26,841,285.27 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE 					 PRIOR 					 PRINCIPAL 	CLASS	 CUSIP BALANCE		INTEREST		PRINCIPAL		TOTAL 	M		055240AU9 998.323902	6.239525	 1.353400	 7.592925 	B-1 	055240AV7	 998.323902	6.239525	 1.353400	 7.592926 	B-2		055240AW5	 998.323900	6.239523	 1.353400	 7.592923 	B-3 	055240AA3	 998.323903	6.239522	 	1.353403	 7.592925 	B-4		055240AB1 998.323899 6.239527 1.353401 7.592929 	B-5		055240AC9 998.323903 6.239524		1.353398 7.592922 	R-II		055240AY1 000.000000 0.000000	 0.000000 0.000000 CURRENT		PASS THROUGH 			PRINCIPAL		RATES 			BALANCE		CURRENT		NEXT 	M		996.970502	7.500000%		7.500000% 	B-1		996.970501	7.500000%		7.500000% 	B-2		996.970501	7.500000%		7.500000% 	B-3 996.970500	7.500000%		7.500000% 	B-4 996.970498	7.500000%		7.500000% 	B-5		996.970506	7.500000%		7.500000% 	R-II 0.000000	7.625000%		7.625000% Seller:			 Bank of America			Administrator:	 Dave Co Servicer:			 Bank of America				 Bankers Trust Company Lead Underwriter: Donaldson, Lufkin & Jenrette				3 Park Plaza Record Date:		 October 30, 1997					 Irvine, CA 92714 Distribution Date:	 November 25, 1997 Factor Information: (800)735-7777 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-3 REVISED STATEMENT TO CERTIFICATE HOLDERS Distribution Date:			November 25,1997 MORTGAGE POOL INFORMATION: 	Beginning Number of Loans in Pool							 2,273 	Ending Number of Loans in Pool							 2,257 	Beginning Balance of Pool						 	663,055,814.79 	Less:	Scheduled Principal				682,638.95 			Principal Prepayments		 4,641,372.51 			Repurchases						 0.00 			Liquidation						 0.00 			Other Unscheduled Principal			 0.00 (5,324,011.46) 	Ending Balance of Pool								657,731,803.33 	Weighted Average Remaining Term to Maturity						 324 	Weighted Average Mortgage Rate							7.682891% 	Current Realized Losses on the Pool							0.00 	Cumulative Realized Losses on the Pool							0.00 Delinquent, Bankruptcy,						 Loans	 Loans	 Loans Foreclosure and REO	 30 to 59 60 to 89 90 Plus in		 in		in Loan Information	 Days	 Days	 Days	 Bankruptcy Foreclosure	REO Principal Balance		0.00		0.00		0.00		0.00		0.00	 0.00 % of Pool Balance	0.0000%	0.0000%	0.0000%	0.0000%	0.0000% 0.0000% Number of Loans		0		0		0		0		0		0 % of Loans			0.0000%	0.0000%	0.0000%	0.0000%	0.0000% 0.000% 	Book Value of REO Properties									NA Servicing Information: 	Services Fees Accrued during the current due period		 138,457.02 	Plus:	Additional servicing compensation						0.00 	Less:	Amts. To cover prepayment Int. Shortfall 14,779.54 			Delinquent Services Fees				 0.00 (14,779.54) 	Servicing Fees Collected for the Current Due Period		 123,677.48 	Advanced Principal										 0.00 	Advanced Interest									 0.00 BA MORTGAGE SECURITIES,INC. MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-1 REVISED STATEMENTS TO CERTIFICATEHOLDERS Distribution Date:			November 25, 1997 					Other					Cumulative 		Prepayment	Unscheduled	Certificate	Unpaid	 Cumulative 		Principal		Principal		Interest		Interest		Realized Class	Distributed	Distributed	Shortfall		Shortfall		Losses A-1		 57,331.46		0.00			0.00			0.00			0.00 A-2		1,244,655.95		0.00			0.00			0.00			0.00 A-3			 0.00		0.00			0.00			0.00			0.00 A-4			 0.00		0.00			0.00			0.00			0.00 A-5			 0.00		0.00			0.00			0.00			0.00 A-6		 75,068.19		0.00			0.00			0.00			0.00 A-7			 0.00		0.00			0.00			0.00			0.00 A-8		2,683,610.20		0.00			0.00			0.00			0.00 A-9		 58,652.70		0.00			0.00			0.00			0.00 A-10			 0.00		0.00			0.00			0.00			0.00 A-11		 459,841.05		0.00			0.00			0.00			0.00 A-12			 0.00		0.00			0.00			0.00			0.00 A-13			 0.00		0.00			0.00			0.00			0.00 X			 0.00		0.00			0.00			0.00			0.00 PO		 62,212.96		0.00			0.00			0.00			0.00 M			 0.00		0.00			0.00			0.00			0.00 B-1			 0.00		0.00			0.00			0.00			0.00 B-2			 0.00		0.00			0.00			0.00			0.00 B-3			 0.00		0.00			0.00			0.00			0.00 B-4			 0.00		0.00			0.00			0.00			0.00 B-5			 0.00		0.00			0.00			0.00			0.00 TOTALS	4,641,372.51		0.00			0.00			0.00			0.00 	OTHER REPORTING ITEMS: 	SENIOR PERCENTAGE									95.84% 	SENIOR PREPAYMENT PRECENTAGE						 100.00% 	SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT			 27,394.19 	HAS THE CREDIT SUPPORT DEPLETION DATE OCCURED		 NO 	BANKRUPTCY AMOUNT								 100,000.00 	FRAUD LOSS AMOUNT							 13,261,116.30 	SPECIAL HAZARD AMOUNT							6,730,712.00 	EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD				 0.00 	GUARANTEED DISTRIBUTIONS							 149,126.46 	GUARANTEED DISTIBUTIONS PAID UNDER THE POLICY			 0.00 	BEGINNING RESERVE FUND BALANCE					 2,500.00 	WITHDRAWLS FROM RESERVE FUND							 0.00 	ENDING RESERVE FUND BALANCE						 2,500.00 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1 REMIC I STATEMENT TO CERTIFICATEHOLDERS DISTRIBUTIONS IN DOLLARS	 			ORIGINAL		 PRIOR PRINC CLASS 	FACE VALUE	 BALANCE		INTEREST		PRINCIPAL 	N			 50.00			 0.00		 0.00		 0.00 	O		5,249,000.00		 5,065,738.91	 30,598.74	 97,777.87 	P	 118,268,273.00	 114,289,706.74 856,983.11	2,122,740.49 	Q		21,567,000.00		21,567,000.00	 132,068.65		 0.00 	R		24,683,000.00		24,683,000.00	 155,862.60 	 0.00 	S		 8,253,400.00		 8,013,441.46		 0.00	 128,027.57 	T	 125,377,420.00	 124,983,634.08	 780,974.85	 133,118.87 	U	 287,799,682.00	 277,751,580.72 1,642,999.86 5,361,104.99 	V		 5,369,967.00		 5,182,482.53	 30,008.57	 100,031.23 	W		32,267,000.00		32,267,000.00	 204,985.26	 0.00 	X		17,313,492.00		17,086,933.63	 0.00	 112,357.90 	Y		26,922,848.00		26,841,285.27	 167,720.90	 27,562.13 	Z			 0.00			 0.00	 69,054.45		 0.00 	R-1			 50.00			 0.00		 0.00		 0.00 Totals	 673,071,182.00	 657,731,803.33 4,071,256.99 8,082,721.05 			TOTAL			REALIZED		DEFERRED		CURRENT 							LOSSES		INTEREST		PRINCIPAL 													BALANCE 	N			 0.00			 0.00		 0.00		 0.00 	O		 128,376.61			 0.00		 0.00	4,967,961.04 	P		 2,979,723.60		 0.00		 0.00 	 112,166,966.25 	Q		 132,068.65			 0.00		 0.00 21,567,000.00 	R		 155,862.60			 0.00		 0.00 24,683,000.00 	S		 128,027.57			 0.00		 0.00	7,885,413.89 	T		 914,093.72			 0.00		 0.00 124,850,515.21 	U		 7,004,104.85			 0.00		 0.00 272,390,475.73 	V		 130,039.80			 0.00		 0.00	5,082,451.29 	W		 204,985.26			 0.00		 0.00 32,267,000.00 	X		 112,357.90		 	 0.00		 0.00 16,974,575.73 	Y		 195,283.03			 0.00		 0.00 26,813,723.14 	Z		 69,054.45			 0.00		 0.00		 0.00 	R-1			 0.00			 0.00		 0.00		 0.00 Totals		12,153,978.04			 0.00		 0.00 649,649,082.28 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE 					 PRIOR 					 PRINCIPAL 	CLASS	 CUSIP	 BALANCE		INTEREST		PRINCIPAL		TOTAL 	N				 0.000000	 0.000000	 0.000000	 0.000000 	O				 965.086475	 5.829442	 18.627904		24.457346 	P				 966.359818	 7.246095	 17.948520		25.194615 	Q				1,000.000000	 6.123645		0.000000		 6.123645 	R				1,000.000000	 6.314573		0.000000		 6.314573 	S				 970.926098	 0.000000	 15.512101		15.512101 	T				 996.859196	 6.228991		1.061745		 7.290736 	U				 965.086475	 5.708831	 18.627904		24.336736 	V				 965.086475	 5.588222	 18.627904		24.216127 	W				1,000.000000	 6.352783		0.000000		 6.352783 	X				 986.914346	 0.000000	 6.489615		 6.489615 	Y				 996.970501	 6.229686		1.023745		 7.253431 	Z				 0.000000	 0.207016		0.000000		 0.207016 	R-I		055240AX3 0.000000	 0.00000	 0.000000	 0.000000 			CURRENT		PASS THROUGH 			PRINCIPAL		RATES 			BALANCE		CURRENT		NEXT 	N		 0.000000	7.625000%		7.625000% 	O		946.458571	7.250000%		7.250000% 	P		948.411297	9.000000%		9.000000% 	Q	 1,000.000000	7.350000%		7.350000% 	R	 1,000.000000	7.579200%		7.579200% 	S		955.413998	0.000000%		0.000000% 	T		995.797451	7.500000%		7.500000% 	U		946.458571	7.100000%		7.100000% 	V		946.458571	6.950000%		6.950000% 	W	 1,000.000000	7.625000%		7.625000% 	X		980.424731	0.000000%		0.000000% 	Y		995.946756	7.500000%		7.500000% 	Z		 0.000000	0.256753%			 NA 	R-I		 0.000000	7.625000%		7.625000% Seller:			 Bank of America			Administrator:	 Kelly L. Shea Servicer:			 Bank of America				 Bankers Trust Company Lead Underwriter: Donaldson, Lufkin & Jenrette				3 Park Plaza Record Date:		 November 28 1997					 Irvine, CA 92714 Distribution Date:	 December 26, 1997 Factor Information: (800)735-7777 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1 REMIC II REVISED STATEMENT TO CERTIFICATEHOLDERS DISTRIBUTIONS IN DOLLARS	 			ORIGINAL		 PRIOR PRINC CLASS 	FACE VALUE	 BALANCE		INTEREST		PRINCIPAL 	A-1		 5,249,000.00		 5,065,738.91	 30,598.74	 97,777.87 	A-2	 118,268,273.00	 114,289,706.74	 589,175.89	2,122,740.49 	A-3			 0.00			 0.00	 267,807.22		 0.00 	A-4		21,567,000.00		21,567,000.00	 132,068.65		 0.00 	A-5		24,683,000.00		24,683,000.00	 149,093.46		 0.00 	A-6		 8,253,400.00		 8,013,441.46		 0.00	 128,027.57 	A-7	 125,377,420.00	 124,983,634.08	 780,974.85	 133,118.87 	A-8	 245,698,788.00	 237,120,577.32 1,402,652.95 4,576,583.55 	A-9		 5,369,967.00		 5,182,482.53 30,008.57	 100,031.23 	A-10		25,000,000.00		25,000,000.00	 147,883.94		 0.00 	A-11		17,100,894.00		15,631,003.40	 92,462.97	 784,251.43 	A-12		32,267,000.00		32,267,000.00	 194,903.32		 0.00 	A-13			 0.00			 0.00	 16,851.08		 0.00 	X			 0.00			 0.00	 69,054.45		 0.00 	PO		17,313,492.00		17,086,933.63		 0.00	 112,357.90 Totals	 646,148,234.00	 630,890,518.06 3,903,536.09 8,055,158.92 			TOTAL			REALIZED		DEFERRED		CURRENT 							LOSSES		INTEREST		PRINCIPAL 													BALANCE	 	A-1 	 128,376.61		0.00			0.00		 4,967,961.04 	A-2 	 2,711,916.38		0.00			0.00		 112,166,966.25 	A-3 	 267,807.22		0.00			0.00				 0.00 	A-4 	 132,068.65		0.00			0.00			21,567,000.00 	A-5 149,093.46 0.00			0.00			24,683,000.00 	A-6 128,027.57 0.00			0.00			 7,885,413.89 	A-7 914,093.72 0.00			0.00		 124,850,515.21 	A-8 5,979,506.50		0.00			0.00		 232,543,723.76 	A-9 130,039.80		0.00			0.00			 5,082,451.29 	A-10 147,883.94		0.00			0.00			25,000,000.00 	A-11 876,714.40		0.00			0.00			14,846,751.97 	A-12 194,903.32		0.00			0.00		 32,267,000.00 	A-13 16,851.08		0.00			0.00				 0.00 X		 69,054.45		0.00			0.00				 0.00 	PO		 112,357.90		0.00			0.00			16,974,575.73 Totals 11,958,695.01		0.00 0.00 622,835,359.14 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE 					 PRIOR 					 PRINCIPAL 	CLASS	 CUSIP BALANCE		INTEREST		PRINCIPAL		TOTAL 	A-1 	055240AD7 965.086475	5.829442	 18.627904	 24.457346 	A-2 	055240AE5	 966.359818	4.981690	 17.948520		22.930201 	A-3 	055240AF2 0.000000	2.264405	 0.000000		 2.264405 	A-4 	055240AG0	1,000.000000	6.123645	 	0.000000		 6.123645 	A-5		055240AH8 1,000.000000 6.040330 0.000000 6.040330 	A-6		055240AJ4 970.626098 0.000000	 15.512101 15.512101 	A-7		055240AK1 996.859196 6.228991		1.061745 7.290736 	A-8		055240AL9 965.086475 5.708831	 18.627904 24.336736 	A-9		055240AM7 965.086475 5.588222	 18.627904 24.216127 	A-10		055240AN5 1,000.000000 5.915358		0.000000 5.915358 	A-11		055240AP0 914.045979 5.406909	 45.860259 51.267168 	A-12		055240AQ8 1,000.000000 6.040330		0.000000 6.040330 A-13		055240AR6	 0.000000	6.352764	 	0.000000		 6.352764 	X		055240AS4	 0.000000	5.979665	 	0.000000		 5.979665 	PO		055240AT2	 986.914346	0.000000	 6.489615	 6.489615 CURRENT		PASS THROUGH 			PRINCIPAL		RATES 			BALANCE		CURRENT		NEXT 	A-1 	946.458571	7.250000%		7.250000% 	A-2		948.411297	6.187500%		6.125000% 	A-3		 0.000000	2.812500%		2.875000% 	A-4 1,000.000000	7.350000%		7.350000% 	A-5 1,000.000000	7.250000%		7.250000% 	A-6 955.413998	0.000000%		0.000000% 	A-7		995.797451	7.500000%		7.500000% 	A-8 946.458571	7.100000%		7.100000% 	A-9 946.458571	6.950000%		6.950000% 	A-10 1,000.000000	7.100000%		7.100000% 	A-11		868.185720	7.100000%		7.100000% 	A-12 1,000.000000	7.250000%		7.250000% 	A-13 000.000000	7.625000%		7.625000% 	X	 000.000000	7.500000%		7.500000% 	PO 980.424731 0.000000% 0.000000% Seller:			 Bank of America			Administrator:	 Kelly L. Shea Servicer:			 Bank of America				 Bankers Trust Company Lead Underwriter: Donaldson, Lufkin & Jenrette				3 Park Plaza Record Date:		 November 28 1997					 Irvine, CA 92714 Distribution Date:	 December 26, 1997 Factor Information: (800)735-7777 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1 REMIC II REVISED STATEMENT TO CERTIFICATEHOLDERS DISTRIBUTIONS IN DOLLARS	 			ORIGINAL		 PRIOR PRINC 	CLASS 	FACE VALUE	 BALANCE		INTEREST		PRINCIPAL 	M		15,144,101.00		15,098,221.97	 94,343.01	 15,503.70 	B-1		 5,048,033.00	 5,032,739.99	 31,447.66	 5,167.90 	B-2		 2,355,749.00		 2,348,612.26	 14,675.58	 2,411.69 	B-3		 1,682,677.00		 1,677,579.33	 10,482.55	 1,722.63 	B-4		 1,346,142.00		 1,342,063.86	 8,386.04	 1,378.11 	B-5		 1,346,146.00		 1,342,067.86	 8,386.06	 1,378.10 	R-II			 50.00	 0.00	 0.00	 0.00 Totals	 26,922,898.00	 26,841,285.27 167,720.90	 27,562.13 			TOTAL			REALIZED		DEFERRED		CURRENT 							LOSSES		INTEREST		PRINCIPAL 													BALANCE	 	M		 109,846.71		0.00			0.00		 15,082,718.27 	B-1 	 36,615.56		0.00			0.00		 5,027,572.09 	B-2 	 17,087.27		0.00			0.00			 2,346,200.57 	B-3 	 12,205.18		0.00			0.00			 1,675,856.70 	B-4 9,764.15 0.00			0.00			 1,340,685.75 	B-5 9,764.16 0.00			0.00			 1,340,689.76 	R-II 0.00 0.00			0.00				 0.00 Totals 195,283.03		0.00 0.00 26,813,723.14 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE 					 PRIOR 					 PRINCIPAL 	CLASS	 CUSIP BALANCE		INTEREST		PRINCIPAL		TOTAL 	M		055240AU9 996.970502	6.229687 1.023745	 7.253432 	B-1 	055240AV7	 996.970501	6.229686	 1.023745	 7.253431 	B-2 	055240AW5	 996.970501	6.229687	 1.023747	 7.253434 	B-3 	055240AA3	 996.970500	6.229686	 	1.023744	 7.253430 	B-4		055240AB1 996.970498 6.229685 1.023748 7.253432 	B-5		055240AC9 996.970506 6.229681		1.023737 7.253418 	R-II		055240AY1 0.000000 0.000000	 0.000000 0.000000 CURRENT		PASS THROUGH 			PRINCIPAL		RATES 			BALANCE		CURRENT		NEXT 	M		995.946756	7.500000%		7.500000% 	B-1		995.946756	7.500000%		7.500000% 	B-2		995.946754	7.500000%		7.500000% 	B-3 995.946756	7.500000%		7.500000% 	B-4 995.946750	7.500000%		7.500000% 	B-5		995.946768	7.500000%		7.500000% 	R-II 0.000000	7.625000%		7.625000% Seller:			 Bank of America			Administrator:	 Kelly L. Shea Servicer:			 Bank of America				 Bankers Trust Company Lead Underwriter: Donaldson, Lufkin & Jenrette				3 Park Plaza Record Date:		 November 28 1997					 Irvine, CA 92714 Distribution Date:	 December 26, 1997 Factor Information: (800)735-7777 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-3 REVISED STATEMENT TO CERTIFICATE HOLDERS Distribution Date:			December 26, 1997 MORTGAGE POOL INFORMATION: 	Beginning Number of Loans in Pool							 2,257 	Ending Number of Loans in Pool							 2,234 	Beginning Balance of Pool						 	657,731,803.33 	Less:	Scheduled Principal				682,344.71 			Principal Prepayments		 7,400,376.34 			Repurchases						 0.00 			Liquidation						 0.00 			Other Unscheduled Principal			 0.00 (8,082,721.05) 	Ending Balance of Pool								649,649,082.28 	Weighted Average Remaining Term to Maturity						 322 	Weighted Average Mortgage Rate							7.681758% 	Current Realized Losses on the Pool							0.00 	Cumulative Realized Losses on the Pool							0.00 Delinquent, Bankruptcy,						 Loans	 Loans	 Loans Foreclosure and REO	 30 to 59 60 to 89 90 Plus in		 in		in Loan Information	 Days	 Days	 Days	 Bankruptcy Foreclosure	REO Principal Balance 548,466.61 0.00 0.00 0.00 	 0.00	 0.00 % of Pool Balance	0.0844%	0.0000%	0.0000%	0.0000%	0.0000% 0.0000% Number of Loans		2		0		0		0		0		0 % of Loans			0.0895%	0.0000%	0.0000%	0.0000%	0.0000% 0.000% 	Book Value of REO Properties									NA Servicing Information: 	Services Fees Accrued during the current due period		 137,346.82 	Plus:	Additional servicing compensation						0.00 	Less:	Amts. To cover prepayment Int. Shortfall 22,596.56 			Delinquent Services Fees				 9,961.03 (32,557.59) 	Servicing Fees Collected for the Current Due Period		 104,789.23 	Advanced Principal										46,636.98 	Advanced Interest									 298,596.37 BA MORTGAGE SECURITIES,INC. MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-1 REVISED STATEMENTS TO CERTIFICATEHOLDERS Distribution Date:			December 26 1997 					Other					Cumulative 		Prepayment	Unscheduled	Certificate	Unpaid	 Cumulative 		Principal		Principal		Interest		Interest		Realized Class	Distributed	Distributed	Shortfall		Shortfall		Losses A-1		 91,553.27		0.00			6.77			0.00			0.00 A-2		1,987,605.57		0.00		 130.41			0.00			0.00 A-3			 0.00		0.00		 59.28			0.00			0.00 A-4			 0.00		0.00		 29.23			0.00			0.00 A-5			 0.00		0.00		 33.00			0.00			0.00 A-6		 119,877.26		0.00			0.00			0.00			0.00 A-7			 0.00		0.00		 172.86			0.00			0.00 A-8	 4,285,488.35		0.00		 310.47			0.00			0.00 A-9		 93,663.18		0.00			6.64			0.00			0.00 A-10			 0.00		0.00		 32.73			0.00			0.00 A-11		 734,325.52		0.00		 20.47 		0.00			0.00 A-12			 0.00		0.00		 43.14			0.00			0.00 A-13			 0.00		0.00			3.73			0.00			0.00 X			 0.00		0.00		 15.29			0.00			0.00 PO		 87,863.18		0.00			0.00			0.00			0.00 M			 0.00		0.00		 20.88			0.00			0.00 B-1			 0.00		0.00			6.96			0.00			0.00 B-2			 0.00		0.00			3.25			0.00			0.00 B-3			 0.00		0.00			2.32			0.00			0.00 B-4			 0.00		0.00			1.86			0.00			0.00 B-5			 0.00		0.00			1.86			0.00			0.00 TOTALS 7,400,376.34		0.00			901.15		0.00			0.00 	OTHER REPORTING ITEMS: 	SENIOR PERCENTAGE									95.81% 	SENIOR PREPAYMENT PRECENTAGE						 100.00% 	SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT			 27,562.13 	HAS THE CREDIT SUPPORT DEPLETION DATE OCCURED		 NO 	BANKRUPTCY AMOUNT								 100,000.00 	FRAUD LOSS AMOUNT							 13,154,636.07 	SPECIAL HAZARD AMOUNT							6,730,712.00 	EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD				 0.00 	GUARANTEED DISTRIBUTIONS							 149,126.46 	GUARANTEED DISTIBUTIONS PAID UNDER THE POLICY			 0.00 	BEGINNING RESERVE FUND BALANCE					 2,500.00 	WITHDRAWLS FROM RESERVE FUND							 0.00 	ENDING RESERVE FUND BALANCE						 2,500.00 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1 REMIC I STATEMENT TO CERTIFICATEHOLDERS DISTRIBUTIONS IN DOLLARS	 			ORIGINAL		 PRIOR PRINC CLASS 	FACE VALUE	 BALANCE		INTEREST		PRINCIPAL 	N			 50.00			 0.00		 0.00		 0.00 	O		 5,249,000.00		 4,967,961.04	 30,012.53	 101,671.75 	P	 118,268,273.00	 112,166,966.25 841,189.67	2,207,275.93 	Q		21,567,000.00		21,567,000.00	 132,088.06		 0.00 	R		24,683,000.00		24,683,000.00	 155,885.99 	 0.00 	S		 8,253,400.00		 7,885,413.89		 0.00	 133,126.11 	T	 125,377,420.00	 124,850,515.21	 780,257.68	 134,452.42 	U	 287,799,682.00	 272,390,475.73 1,611,523.79 5,574,604.17 	V		 5,369,967.00		 5,082,451.29	 29,433.67	 104,014.85 	W		32,267,000.00		32,267,000.00	 205,014.90		 0.00 	X		17,313,492.00		16,974,575.73		 0.00	 118,140.28 	Y		26,922,848.00		26,813,723.14	 167,573.31	 27,833.92 	Z			 0.00			 0.00	 67,160.46		 0.00 	R-1			 50.00			 0.00		 0.00		 0.00 Totals	 673,071,182.00	 649,649,082.28 4,020,140.06	8,401,119.42 			TOTAL			REALIZED		DEFERRED		CURRENT 							LOSSES		INTEREST		PRINCIPAL 													BALANCE 	N			 0.00			 0.00		 0.00		 0.00 	O		 131,684.28			 0.00		 0.00	4,866,289.29 	P		 3,048,465.60			 0.00		 0.00 109,959,690.32 	Q		 132,088.06			 0.00		 0.00 21,567,000.00 	R		 155,885.99			 0.00		 0.00 24,683,000.00 	S		 133,126.11			 0.00		 0.00	7,752,287.78 	T		 914,710.10			 0.00		 0.00 124,716,062.79 	U		 7,186,127.96			 0.00		 0.00 266,815,871.57 	V		 133,448.52			 0.00		 0.00	4,978,436.44 	W		 205,029.90			 0.00		 0.00 32,267,000.00 	X		 118,140.28			 0.00		 0.00 16,856,435.45 	Y		 195,407.23			 0.00		 0.00 26,785,889.22 	Z		 67,160.46			 0.00		 0.00		 0.00 	R-1			 0.00			 0.00		 0.00		 0.00 Totals		12,421,259.48			 0.00		 0.00 641,247,962.86 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE 					 PRIOR 					 PRINCIPAL 	CLASS	 CUSIP	 BALANCE		INTEREST		PRINCIPAL		TOTAL 	N				 0.000000	 0.031750	 0.000000	 0.000000 	O				 946.458571	 5.717761	 19.369737		25.087499 	P				 948.411297	 7.112556	 18.663297		25.775853 	Q				1,000.000000	 6.124545		0.000000		 6.124545 	R				1,000.000000	 6.315520		0.000000		 6.315520 	S				 955.413998	 0.000000	 16.129850		16.129850 	T				 995.797451	 6.223271		1.072381		 7.295653 	U				 946.458571	 5.599463	 19.369737		24.969200 	V				 946.458571	 5.481164	 19.369737		24.850901 	W				1,000.000000	 6.353702		0.000000		 6.353702 	X				 980.424731	 0.000000		6.823596		 6.823596 	Y				 995.946756	 6.224204		1.033840		 7.258045 	Z				 0.000000	 0.201338		0.000000		 0.201338 	R-I		055240AX3 0.000000	 0.00000	 0.000000	 0.000000 			CURRENT		PASS THROUGH 			PRINCIPAL		RATES 			BALANCE		CURRENT		NEXT 	N		 0.000000	7.625000%		7.625000% 	O		927.088834	7.250000%		7.250000% 	P		929.748000	9.000000%		9.000000% 	Q	 1,000.000000	7.350000%		7.350000% 	R	 1,000.000000	7.579200%		7.579200% 	S		939.284147	0.000000%		0.000000% 	T		994.725069	7.500000%		7.500000% 	U		927.088834	7.100000%		7.100000% 	V		927.088834	6.950000%		6.950000% 	W	 1,000.000000	7.625000%		7.625000% 	X		973.601134	0.000000%		0.000000% 	Y		994.912916	7.500000%		7.500000% 	Z		 0.000000	0.254149%			 NA 	R-I		 0.000000	7.625000%		7.625000% Seller:			 Bank of America			Administrator:	 Kelly L. Shea Servicer:			 Bank of America				 Bankers Trust Company Lead Underwriter: Donaldson, Lufkin & Jenrette				3 Park Plaza Record Date:		 December 31, 1998					 Irvine, CA 92714 Distribution Date:	 January 26, 1998 Factor Information: (800)735-7777 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1 REMIC II REVISED STATEMENT TO CERTIFICATEHOLDERS DISTRIBUTIONS IN DOLLARS	 			ORIGINAL		 PRIOR PRINC CLASS 	FACE VALUE	 BALANCE		INTEREST		PRINCIPAL 	A-1		 5,249,000.00		 4,967,961.04	 30,012.53	 101,671..75 	A-2	 118,268,273.00	 112,166,966.25	 604,605.08	2,207,275.93 	A-3			 0.00			 0.00	 236,584.59		 0.00 	A-4		21,567,000.00		21,567,000.00	 132,088.06		 0.00 	A-5		24,683,000.00		24,683,000.00	 149,115.37		 0.00 	A-6		 8,253,400.00		 7,885,413.89		 0.00	 133,126.11 	A-7	 125,377,420.00	 124,850,515.21	 780,257.68	 134,452.42 	A-8	 245,698,788.00	 232,543,723.76 1,375,781.37	4,759,120.92 	A-9		 5,369,967.00		 5,082,451.29 29,433.67	 104,014.85 	A-10		25,000,000.00		25,000,000.00	 147,905.67		 0.00 	A-11		17,100,894.00		14,846,751.97	 87,836.75	 815,483.25 	A-12		32,267,000.00		32,267,000.00	 194,931.96		 0.00 	A-13			 0.00			 0.00	 16,853.56		 0.00 	X			 0.00			 0.00	 67,160.46		 0.00 	PO		17,313,492.00		16,974,575.73		 0.00	 118,140.28 Totals	 646,148,234.00	 622,835,359.14 3,852,566.75	8,373,285.50 			TOTAL			REALIZED		DEFERRED		CURRENT 							LOSSES		INTEREST		PRINCIPAL 													BALANCE	 	A-1 	 131,684.28		0.00			0.00		 4,866,289.29 	A-2 	 2,811,881.01		0.00			0.00		 109,959,690.32 	A-3 	 236,584.59		0.00			0.00				 0.00 	A-4 	 132,088.06		0.00			0.00			21,567,000.00 	A-5 149,115.37 0.00			0.00			24,683,000.00 	A-6 133,126.11 0.00			0.00			 7,752,287.78 	A-7 914,710.10 0.00			0.00		 124,716,062,79 	A-8 6,134,902.29		0.00			0.00		 227,784,602.84 	A-9 133,448.52		0.00			0.00			 4,978,436.44 	A-10 147,905.67		0.00			0.00			25,000,000.00 	A-11 903,320.00		0.00			0.00			14,031,268.72 	A-12 194,931.96		0.00			0.00		 32,267,000.00 	A-13 16,853.56		0.00			0.00				 0.00 X		 67,160.46		0.00			0.00				 0.00 	PO		 118,140.28		0.00			0.00			16,856,435.45 Totals 12,225,852.25		0.00 0.00 614,462,073.64 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE 					 PRIOR 					 PRINCIPAL 	CLASS	 CUSIP BALANCE		INTEREST		PRINCIPAL		TOTAL 	A-1 	055240AD7 946.458571	5.717761	 19.369737	 25.087499 	A-2 	055240AE5	 948.411297	5.112149	 18.663297		23.775447 	A-3 	055240AF2 0.000000	2.000406	 0.000000		 2.000406 	A-4 	055240AG0	1,000.000000	6.124545	 	0.000000		 6.124545 	A-5		055240AH8 1,000.000000 6.041217 0.000000 6.041217 	A-6		055240AJ4 945.413998 0.000000	 16.129850 16.129850 	A-7		055240AK1 995.797451 6.223271		1.072381 7.295653 	A-8		055240AL9 946.458571 5.599463	 19.369737 24.969200 	A-9		055240AM7 946.458571 5.481164	 19.369737 24.850901 	A-10		055240AN5 1,000.000000 5.916227		0.000000 5.916227 	A-11		055240AP0 868.185720 5.136384	 47.686586 52.822969 	A-12		055240AQ8 1,000.000000 6.041217		0.000000 6.041217 A-13		055240AR6	 0.000000	6.353698	 	0.000000		 6.353698 	X		055240AS4	 0.000000	5.815658	 	0.000000		 5.815658 	PO		055240AT2	 980.424731	0.000000	 	6.823596		 6.823596 CURRENT		PASS THROUGH 			PRINCIPAL		RATES 			BALANCE		CURRENT		NEXT 	A-1 	927.088834	7.250000%		7.250000% 	A-2		929.748000	6.187500%		6.187500% 	A-3		 0.000000	2.531250%		2.898440% 	A-4 1,000.000000	7.350000%		7.350000% 	A-5 1,000.000000	7.250000%		7.250000% 	A-6 939.284147	0.000000%		0.000000% 	A-7		994.725069	7.500000%		7.500000% 	A-8 927.088834	7.100000%		7.100000% 	A-9 927.088834	6.950000%		6.950000% 	A-10 1,000.000000	7.100000%		7.100000% 	A-11		820.499134	7.100000%		7.100000% 	A-12 1,000.000000	7.250000%		7.250000% 	A-13 000.000000	7.625000%		7.625000% 	X	 000.000000	7.500000%		7.500000% 	PO 973.601134 0.000000% 0.000000% Seller:			 Bank of America			Administrator:	 Kelly L. Shea Servicer:			 Bank of America				 Bankers Trust Company Lead Underwriter: Donaldson, Lufkin & Jenrette				3 Park Plaza Record Date:		 December 31, 1998					 Irvine, CA 92714 Distribution Date:	 January 26, 1998 Factor Information: (800)735-7777 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1 REMIC II REVISED STATEMENT TO CERTIFICATEHOLDERS DISTRIBUTIONS IN DOLLARS	 			ORIGINAL		 PRIOR PRINC 	CLASS 	FACE VALUE	 BALANCE		INTEREST		PRINCIPAL 	M		15,144,101.00		15,082,718.27	 94,259.98	 15,656.58 	B-1		 5,048,033.00	 5,027,572.09	 31,419.99	 5,218.86 	B-2		 2,355,749.00		 2,346,200.57	 14,662.66	 2,435.47 	B-3		 1,682,677.00		 1,675,856.70	 10,473.32	 1,739.62 	B-4		 1,346,142.00		 1,340,685.75	 8,378.67	 1,391.70 	B-5		 1,346,146.00		 1,340,689.76	 8,378.69	 1,391.69 	R-II			 0.00	 0.00	 0.00	 0.00 Totals	 26,922,898.00	 26,813,723.14 167,573.31	 27,833.92 			TOTAL			REALIZED		DEFERRED		CURRENT 							LOSSES		INTEREST		PRINCIPAL 													BALANCE	 	M		 109,916.56		0.00			0.00		 15,067,061.69 	B-1 	 36,638.85		0.00			0.00		 5,022,353.23 	B-2 	 17,098.13		0.00			0.00			 2,343,765.10 	B-3 	 12,212.94		0.00			0.00			 1,674,117.08 	B-4 9,770.37 0.00			0.00			 1,339,294.05 	B-5 9,770.38 0.00			0.00			 1,339,298.07 	R-II 0.00 0.00			0.00				 0.00 Totals 195,407.23		0.00 0.00 26,785,889.22 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE 					 PRIOR 					 PRINCIPAL 	CLASS	 CUSIP BALANCE		INTEREST		PRINCIPAL		TOTAL 	M		055240AU9 995.946756	6.224204	 1.033840	 7.258045 	B-1 	055240AV7	 995.946756	6.224205	 1.033840	 7.258045 	B-2 	055240AW5	 995.946754	6.224203	 1.033841	 7.258044 	B-3 	055240AA3	 995.946756	6.224201	 	1.033841	 7.258042 	B-4		055240AB1 995.946750 6.224210 1.033843 7.258053 	B-5		055240AC9 995.946768 6.224206		1.033833 7.258039 	R-II		055240AY1 0.000000 0.031750	 0.031750 0.031750 CURRENT		PASS THROUGH 			PRINCIPAL		RATES 			BALANCE		CURRENT		NEXT 	M		994.912916	7.500000%		7.500000% 	B-1		994.912916	7.500000%		7.500000% 	B-2		994.912913	7.500000%		7.500000% 	B-3 994.912916	7.500000%		7.500000% 	B-4 994.912907	7.500000%		7.500000% 	B-5		994.912935	7.500000%		7.500000% 	R-II 0.000000	7.625000%		7.625000% Seller:			 Bank of America		Administrator:	 Kelly L. Shea Servicer:			 Bank of America				 Bankers Trust Company Lead Underwriter: Donaldson, Lufkin & Jenrette				3 Park Plaza Record Date:		 December 31, 1998					 Irvine, CA 92714 Distribution Date:	 January 26, 1998 Factor Information: (800)735-7777 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-3 REVISED STATEMENT TO CERTIFICATE HOLDERS Distribution Date:			January 26,1998 MORTGAGE POOL INFORMATION: 	Beginning Number of Loans in Pool							 2,234 	Ending Number of Loans in Pool							 2,208 	Beginning Balance of Pool						 	649,649,082.28 	Less:	Scheduled Principal				681,331.75 			Principal Prepayments		 7,719,787.67 			Repurchases						 0.00 			Liquidation						 0.00 			Other Unscheduled Principal			 0.00 (8,401,119.42) 	Ending Balance of Pool								641,247,962.86 	Weighted Average Remaining Term to Maturity						 321 	Weighted Average Mortgage Rate							7.678645% 	Beginning Balance of Premium Mortgage Loans				317,131,528.51 	Stripped Interest Rate									0.254149% 	Current Realized Losses on the Pool							0.00 	Cumulative Realized Losses on the Pool							0.00 Delinquent, Bankruptcy,						 Loans	 Loans	 Loans Foreclosure and REO	 30 to 59 60 to 89 90 Plus in		 in		in Loan Information	 Days	 Days	 Days	 Bankruptcy Foreclosure	REO Principal Balance 542,608.74 237,761.52 0.00		0.00		0.00	 0.00 % of Pool Balance	0.0846%	0.0371%	0.0000%	0.0000%	0.0000% 0.0000% Number of Loans		2		1		0		0		0		0 % of Loans			0.0906%	0.0453%	0.0000%	0.0000%	0.0000% 0.000% 	Book Value of REO Properties									NA Servicing Information: 	Services Fees Accrued during the current due period		 135,639.16 	Plus:	Additional servicing compensation						0.00 	Less:	Amts. To cover prepayment Int. Shortfall 15,786.73 			Delinquent Services Fees				6,293.29 (22,080.02) 	Servicing Fees Collected for the Current Due Period		 113,559.14 	Advanced Principal										27,071.50 	Advanced Interest									 187,450.70 BA MORTGAGE SECURITIES,INC. MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-1 REVISED STATEMENTS TO CERTIFICATEHOLDERS Distribution Date:			January 26, 1998 					Other					Cumulative 		Prepayment	Unscheduled	Certificate	Unpaid	 Cumulative 		Principal		Principal		Interest		Interest		Realized Class	Distributed	Distributed	Shortfall		Shortfall		Losses A-1		 95,481.07		0.00			2.23			0.00			0.00 A-2		2,072,877.35		0.00		 44.97			0.00			0.00 A-3			 0.00		0.00		 17.60			0.00			0.00 A-4			 0.00		0.00			9.82			0.00			0.00 A-5			 0.00		0.00		 11.09			0.00			0.00 A-6		 125,020.20		0.00			0.00			0.00			0.00 A-7			 0.00		0.00		 58.04			0.00			0.00 A-8		4,469,343.33		0.00		 102.33		0.00			0.00 A-9		 97,681.50		0.00			2.19			0.00			0.00 A-10			 0.00		0.00		 11.00			0.00			0.00 A-11		 765,829.38		0.00			6.53		0.00			0.00 A-12			 0.00		0.00		 14.50			0.00			0.00 A-13			 0.00		0.00			1.25			0.00			0.00 X			 0.00		0.00			5.01			0.00			0.00 PO		 93,554.84		0.00			0.00			0.00			0.00 M			 0.00		0.00			7.01			0.00			0.00 B-1			 0.00		0.00			2.34			0.00			0.00 B-2			 0.00		0.00			1.09			0.00			0.00 B-3			 0.00		0.00			0.78			0.00			0.00 B-4			 0.00		0.00			0.62			0.00			0.00 B-5			 0.00		0.00			0.62			0.00			0.00 TOTALS	7,719,787.67		0.00		 299.02			0.00			0.00 	OTHER REPORTING ITEMS: 	SENIOR PERCENTAGE									95.76% 	SENIOR PREPAYMENT PRECENTAGE						 100.00% 	SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT			 27,833.92 	HAS THE CREDIT SUPPORT DEPLETION DATE OCCURED		 NO 	BANKRUPTCY AMOUNT								 100,000.00 	FRAUD LOSS AMOUNT							 12,992,981.65 	SPECIAL HAZARD AMOUNT							6,730,712.00 	EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD				 0.00 	GUARANTEED DISTRIBUTIONS							 149,126.46 	GUARANTEED DISTIBUTIONS PAID UNDER THE POLICY			 0.00 	BEGINNING RESERVE FUND BALANCE					 2,500.00 	WITHDRAWLS FROM RESERVE FUND							 0.00 	ENDING RESERVE FUND BALANCE						 2,500.00 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1 REMIC I STATEMENT TO CERTIFICATEHOLDERS DISTRIBUTIONS IN DOLLARS	 			ORIGINAL		 PRIOR PRINC CLASS 	FACE VALUE	 BALANCE		INTEREST		PRINCIPAL 	N			 50.00			 0.00		 0.00		 0.00 	O		 5,249,000.00		 4,866,289.29	 29,398.29	 109,359.89 	P	 118,268,273.00	 109,959,690.32 824,635.59	2,374,184.12 	Q		21,567,000.00		21,567,000.00	 132,087.93		 0.00 	R		24,683,000.00		24,683,000.00	 155,885.84 	 0.00 	S		 8,253,400.00		 7,752,287.78		 0.00	 143,192.74 	T	 125,377,420.00	 124,716,062.79	 779,416.71	 135,820.92 	U	 287,799,682.00	 266,815,871.57 1,578,541.72 5,996,140.54 	V		 5,369,967.00		 4,978,436.44	 28,831.27	 111,880.17 	W		32,267,000.00		32,267,000.00	 205,014.71	 0.00 	X		17,313,492.00		16,856,435.45	 0.00	 59,164.90 	Y		26,922,848.00		26,785,889.22	 167,399.21	 28,109.69 	Z			 0.00			 0.00	 65,568.76		 0.00 	R-1			 50.00			 0.00		 0.00		 0.00 Totals	 673,071,182.00	 641,247,962.86 3,966,780.03	8,957,852.97 			TOTAL			REALIZED		DEFERRED		CURRENT 							LOSSES		INTEREST		PRINCIPAL 													BALANCE 	N			 0.00			 0.00		 0.00		 0.00 	O		 138,758.18			 0.00		 0.00	4,756,929.40 	P		 3,198,819.71			 0.00		 0.00 107,585,506.20 	Q		 132,087.93			 0.00		 0.00 21,567,000.00 	R		 155,885.84			 0.00		 0.00 24,683,000.00 	S		 143,192.74			 0.00		 0.00	7,609,095.04 	T		 915,237.63			 0.00		 0.00 124,580,241.87 	U		 7,574,682.26			 0.00		 0.00 260,819,731.02 	V		 140,711.44			 0.00		 0.00	4,866,556.28 	W		 205,014.71			 0.00		 0.00 32,267,000.00 	X		 59,164.90		 	 0.00		 0.00 16,797,270.55 	Y		 195,508.90			 0.00		 0.00 26,757,779.53 	Z		 65,568.76			 0.00		 0.00		 0.00 	R-1			 0.00			 0.00		 0.00		 0.00 Totals		12,924,633.00			 0.00		 0.00 632,290,109.89 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE 					 PRIOR 					 PRINCIPAL 	CLASS	 CUSIP	 BALANCE		INTEREST		PRINCIPAL		TOTAL 	N				 0.000000	 0.031750	 0.000000	 0.000000 	O				 927.088834	 5.600741	 20.834424		26.435165 	P				 929.748000	 6.972585	 20.074565		27.047150 	Q				1,000.000000	 6.124539		0.000000		 6.124539 	R				1,000.000000	 6.315514		0.000000		 6.315514 	S				 939.284147	 0.000000	 17.349546		17.349546 	T				 994.725069	 6.216564		1.083296		 7.299860 	U				 927.088834	 5.484863	 20.834424		26.319286 	V				 927.088834	 5.368985	 20.834424		26.203408 	W				1,000.000000	 6.353696		0.000000		 6.353696 	X				 973.601134	 0.000000		3.417271		 3.417271 	Y				 994.912916	 6.217738		1.044083		 7.261821 	Z				 0.000000	 0.196566		0.000000		 0.196566 	R-I		055240AX3 0.000000	 0.00000	 0.000000	 0.000000 			CURRENT		PASS THROUGH 			PRINCIPAL		RATES 			BALANCE		CURRENT		NEXT 	N		 0.000000	7.625000%		7.625000% 	O		906.254410	7.250000%		7.250000% 	P		909.673435	9.000000%		9.000000% 	Q	 1,000.000000	7.350000%		7.350000% 	R	 1,000.000000	7.579200%		7.579200% 	S		921.934602	0.000000%		0.000000% 	T		993.641773	7.500000%		7.500000% 	U		906.254410	7.100000%		7.100000% 	V		906.254410	6.950000%		6.950000% 	W	 1,000.000000	7.625000%		7.625000% 	X		970.183863	0.000000%		0.000000% 	Y		993.868833	7.500000%		7.500000% 	Z		 0.196566	0.252949%			 NA 	R-I		 0.000000	7.625000%		7.625000% Seller:			 Bank of America			Administrator:	 Kelly L. Shea Servicer:			 Bank of America				 Bankers Trust Company Lead Underwriter: Donaldson, Lufkin & Jenrette				3 Park Plaza Record Date:		 January 30, 1998					 Irvine, CA 92714 Distribution Date:	 February 25, 1998 Factor Information: (800)735-7777 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1 REMIC II REVISED STATEMENT TO CERTIFICATEHOLDERS DISTRIBUTIONS IN DOLLARS	 			ORIGINAL		 PRIOR PRINC CLASS 	FACE VALUE	 BALANCE		INTEREST		PRINCIPAL 	A-1		 5,249,000.00		 4,866,289.29	 29,398.29	 109,359.89 	A-2	 118,268,273.00	 109,959,690.32	 559,062.62	2,374,184.12 	A-3			 0.00			 0.00	 265,572.97		 0.00 	A-4		21,567,000.00		21,567,000.00	 132,087.93		 0.00 	A-5		24,683,000.00		24,683,000.00	 149,115.23		 0.00 	A-6		 8,253,400.00		 7,752,287.78		 0.00	 143,192.74 	A-7	 125,377,420.00	 124,716,062.79	 779,416.71	 135,820.92 	A-8	 245,698,788.00	 227,784,602.84 1,347,624.10	5,118,992.68 	A-9		 5,369,967.00		 4,978,436.44 28,831.27	 111,880.17 	A-10		25,000,000.00		25,000,000.00	 147,905.53		 0.00 	A-11		17,100,894.00		14,031,268.72	 83,012.09	 877,147.87 	A-12		32,267,000.00		32,267,000.00	 194,931.78		 0.00 	A-13			 0.00			 0.00	 16,853.54		 0.00 	X			 0.00			 0.00	 65,568.76		 0.00 	PO		17,313,492.00		16,856,435.45		 0.00	 59,164.90 Totals	 646,148,234.00	 614,462,073.64 3,799,380.82	8,929,743.28 			TOTAL			REALIZED		DEFERRED		CURRENT 							LOSSES		INTEREST		PRINCIPAL 													BALANCE	 	A-1 	 138,758.18		0.00			0.00		 4,756,929.40 	A-2 	 2,933,246.74		0.00			0.00		 107,585,506.20 	A-3 	 265,572.97		0.00			0.00				 0.00 	A-4 	 132,087.93		0.00			0.00			21,567,000.00 	A-5 149,115.37 0.00			0.00			24,683,000.00 	A-6 143,192.74 0.00			0.00			 7,609,095.04 	A-7 915,237.63 0.00			0.00		 124,580,241,87 	A-8 6,466,616.78		0.00			0.00		 222,665,610.17 	A-9 140,711.44		0.00			0.00			 4,866,556.28 	A-10 147,905.53		0.00			0.00			25,000,000.00 	A-11 960,159.96		0.00			0.00			13,154,120.85 	A-12 194,931.78		0.00			0.00		 32,267,000.00 	A-13 16,853.54		0.00			0.00				 0.00 X		 65,568.76		0.00			0.00				 0.00 	PO		 59,164.90		0.00			0.00			16,797,270.55 Totals 12,729,124.10		0.00 0.00 605,532,330.36 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE 					 PRIOR 					 PRINCIPAL 	CLASS	 CUSIP BALANCE		INTEREST		PRINCIPAL		TOTAL 	A-1 	055240AD7 927.088834	5.600741	 20.834424	 26.435165 	A-2 	055240AE5	 929.748000	4.727072	 20.074565		24.801637 	A-3 	055240AF2 0.000000	2.245513	 0.000000		 2.245513 	A-4 	055240AG0	1,000.000000	6.124539	 	0.000000		 6.124539 	A-5		055240AH8 1,000.000000 6.041212 0.000000 6.041212 	A-6		055240AJ4 939.284147 0.000000	 17.349546 17.349546 	A-7		055240AK1 994.725069 6.216564		1.083296 7.299860 	A-8		055240AL9 927.088834 5.484863	 20.834424 26.319286 	A-9		055240AM7 927.088834 5.368985	 20.834424 26.203408 	A-10		055240AN5 1,000.000000 5.916221		0.000000 5.916221 	A-11		055240AP0 820.499134 4.854254	 51.292515 56.146770 	A-12		055240AQ8 1,000.000000 6.041212		0.000000 6.041212 A-13		055240AR6	 0.000000	6.353691	 	0.000000		 6.353691 	X		055240AS4	 0.000000	5.677827	 	0.000000		 5.677827 	PO		055240AT2	 973.601134	0.000000	 	3.417271		 3.417271 CURRENT		PASS THROUGH 			PRINCIPAL		RATES 			BALANCE		CURRENT		NEXT 	A-1 	906.254410	7.250000%		7.250000% 	A-2		909.673435	6.101560%		6.125000% 	A-3		 0.000000	2.898440%		2.875000% 	A-4 1,000.000000	7.350000%		7.350000% 	A-5 1,000.000000	7.250000%		7.250000% 	A-6 921.934602	0.000000%		0.000000% 	A-7		993.641773	7.500000%		7.500000% 	A-8 906.254410	7.100000%		7.100000% 	A-9 906.254410	6.950000%		6.950000% 	A-10 1,000.000000	7.100000%		7.100000% 	A-11		769.206619	7.100000%		7.100000% 	A-12 1,000.000000	7.250000%		7.250000% 	A-13 000.000000	7.625000%		7.625000% 	X	 000.000000	7.500000%		7.500000% 	PO 970.183863 0.000000% 0.000000% Seller:			 Bank of America			Administrator:	 Kelly L. Shea Servicer:			 Bank of America				 Bankers Trust Company Lead Underwriter: Donaldson, Lufkin & Jenrette				3 Park Plaza Record Date:		 January 30 1998					 Irvine, CA 92714 Distribution Date:	 February 25, 1998 Factor Information: (800)735-7777 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1 REMIC II REVISED STATEMENT TO CERTIFICATEHOLDERS DISTRIBUTIONS IN DOLLARS	 			ORIGINAL		 PRIOR PRINC 	CLASS 	FACE VALUE	 BALANCE		INTEREST		PRINCIPAL 	M		15,144,101.00		15,067,061.69	 94,162.05	 15,811.70 	B-1		 5,048,033.00	 5,022,353.23	 31,387.35	 5,270.57 	B-2		 2,355,749.00		 2,343,765.10	 14,647.43	 2,459.60 	B-3		 1,682,677.00		 1,674,117.08	 10,462.44	 1,756.85 	B-4		 1,346,142.00		 1,339,294.05	 8,369.96	 1,405.48 	B-5		 1,346,146.00		 1,339,298.07	 8,369.98	 1,405.49 	R-II			 0.00	 0.00	 0.00	 0.00 Totals	 26,922,898.00	 26,785,889.22 167,399.21	 28,109.69 			TOTAL			REALIZED		DEFERRED		CURRENT 							LOSSES		INTEREST		PRINCIPAL 													BALANCE	 	M		 109,973.75		0.00			0.00		 15,051,249.99 	B-1 	 36,657.92		0.00			0.00		 5,017,082.66 	B-2 	 17,107.03		0.00			0.00			 2,341,305.50 	B-3 	 12,219.29		0.00			0.00			 1,672,360.23 	B-4 9,775.44 0.00			0.00			 1,337,888.57 	B-5 9,775.47 0.00			0.00			 1,337,892.58 	R-II 0.00 0.00			0.00				 0.00 Totals 195,508.90		0.00 0.00 26,757,779.53 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE 					 PRIOR 					 PRINCIPAL 	CLASS	 CUSIP BALANCE		INTEREST		PRINCIPAL		TOTAL 	M		055240AU9 994.912916	6.217738	 1.044083	 7.261821 	B-1 	055240AV7	 994.912916	6.217739	 1.044084	 7.261823 	B-2 	055240AW5	 994.912913	6.217738	 1.044084	 7.261822 	B-3 	055240AA3	 994.912916	6.217735	 	1.044080	 7.261816 	B-4		055240AB1 994.912907 6.217739 1.044080 7.261819 	B-5		055240AC9 994.912935 6.217736		1.044084 7.261820 	R-II		055240AY1 0.000000 0.000000	 0.000000 0.000000 CURRENT		PASS THROUGH 			PRINCIPAL		RATES 			BALANCE		CURRENT		NEXT 	M		993.868833	7.500000%		7.500000% 	B-1		993.868832	7.500000%		7.500000% 	B-2		993.868829	7.500000%		7.500000% 	B-3 993.868835	7.500000%		7.500000% 	B-4 993.868827	7.500000%		7.500000% 	B-5		993.868851	7.500000%		7.500000% 	R-II 0.000000	7.625000%		7.625000% Seller:			 Bank of America			Administrator:	 Kelly L. Shea Servicer:			 Bank of America				 Bankers Trust Company Lead Underwriter: Donaldson, Lufkin & Jenrette				3 Park Plaza Record Date:		 January 30 1998					 Irvine, CA 92714 Distribution Date:	 February 25, 1998 Factor Information: (800)735-7777 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-3 REVISED STATEMENT TO CERTIFICATE HOLDERS Distribution Date:			February 25, 1998 MORTGAGE POOL INFORMATION: 	Beginning Number of Loans in Pool							 2,208 	Ending Number of Loans in Pool							 2,182 	Beginning Balance of Pool						 	641,247,962.86 	Less:	Scheduled Principal				679,988.05 			Principal Prepayments		 8,277,864.92 			Repurchases						 0.00 			Liquidation						 0.00 			Other Unscheduled Principal			 0.00 (8,957,852.97) 	Ending Balance of Pool								632,290,109.89 	Weighted Average Remaining Term to Maturity						 320 	Weighted Average Mortgage Rate							7.676110% 	Beginning Balance of Premium Mortgage Loans				311,084,813.94 	Stripped Interest Rate									0.252949% 	Current Realized Losses on the Pool							0.00 	Cumulative Realized Losses on the Pool							0.00 Delinquent, Bankruptcy,						 Loans	 Loans	 Loans Foreclosure and REO	 30 to 59 60 to 89 90 Plus in		 in		in Loan Information	 Days	 Days	 Days	 Bankruptcy Foreclosure	REO Principal Balance 1,654,112.87 309,004.04 237,572.66 0.00 	 0.00	 0.00 % of Pool Balance	0.2616%	0.0489%	0.0376%	0.0000%	0.0000% 0.0000% Number of Loans		6		1		1		0		0		0 % of Loans			0.2750%	0.0458%	0.0458%	0.0000%	0.0000% 0.000% 	Book Value of REO Properties									NA Servicing Information: 	Services Fees Accrued during the current due period		 133,887.40 	Plus:	Additional servicing compensation						0.00 	Less:	Amts. To cover prepayment Int. Shortfall 15,763.29 			Delinquent Services Fees				 14,172.90 (29,936.19) 	Servicing Fees Collected for the Current Due Period		 103,951.21 	Advanced Principal										70,301.77 	Advanced Interest									 421,208.47 BA MORTGAGE SECURITIES,INC. MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-1 REVISED STATEMENTS TO CERTIFICATEHOLDERS Distribution Date:			February 26 1998 					Other					Cumulative 		Prepayment	Unscheduled	Certificate	Unpaid	 Cumulative 		Principal		Principal		Interest		Interest		Realized Class	Distributed	Distributed	Shortfall		Shortfall		Losses A-1		 103,208.53		0.00			2.21			0.00			0.00 A-2		2,240,639.17		0.00		 42.09			0.00			0.00 A-3			 0.00		0.00		 20.00			0.00			0.00 A-4			 0.00		0.00			9.95			0.00			0.00 A-5			 0.00		0.00		 11.23			0.00			0.00 A-6		 135,138.32		0.00			0.00			0.00			0.00 A-7			 0.00		0.00		 58.68			0.00			0.00 A-8		4,831,055.62		0.00		 101.47			0.00			0.00 A-9		 105,587.05		0.00			2.17			0.00			0.00 A-10			 0.00		0.00		 11.14			0.00			0.00 A-11		 827,809.38		0.00			6.25			0.00			0.00 A-12			 0.00		0.00		 14.68			0.00			0.00 A-13			 0.00		0.00			1.27			0.00			0.00 X			 0.00		0.00			4.93			0.00			0.00 PO		 34,426.85		0.00			0.00			0.00			0.00 M			 0.00		0.00			7.09			0.00			0.00 B-1			 0.00		0.00			2.36			0.00			0.00 B-2			 0.00		0.00			1.10			0.00			0.00 B-3			 0.00		0.00			0.79			0.00			0.00 B-4			 0.00		0.00			0.63			0.00			0.00 B-5			 0.00		0.00			0.63			0.00			0.00 TOTALS	8,277,864.92		0.00		 298.67			0.00			0.00 	OTHER REPORTING ITEMS: 	SENIOR PERCENTAGE									95.71% 	SENIOR PREPAYMENT PRECENTAGE						 100.00% 	SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT			 28,109.69 	HAS THE CREDIT SUPPORT DEPLETION DATE OCCURED		 NO 	BANKRUPTCY AMOUNT								 100,000.00 	FRAUD LOSS AMOUNT							 12,824,959.26 	SPECIAL HAZARD AMOUNT							6,730,712.00 	EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD				 0.00 	GUARANTEED DISTRIBUTIONS							 149,115.23 	GUARANTEED DISTIBUTIONS PAID UNDER THE POLICY			 0.00 	BEGINNING RESERVE FUND BALANCE					 2,500.00 	WITHDRAWLS FROM RESERVE FUND							 0.00 	ENDING RESERVE FUND BALANCE						 2,500.00 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1 REMIC I STATEMENT TO CERTIFICATEHOLDERS DISTRIBUTIONS IN DOLLARS	 			ORIGINAL		 PRIOR PRINC CLASS 	FACE VALUE	 BALANCE		INTEREST		PRINCIPAL 	N			 50.00			 0.00		 0.00		 0.00 	O		 5,249,000.00		 4,756,929.40	 28,737.59	 425,178.78 	P	 118,268,273.00	 107,585,506.20 806,829.74	9,230,557.09 	Q		21,567,000.00		21,567,000.00	 132,087.80		 0.00 	R		24,683,000.00		24,683,000.00	 155,885.68 	 0.00 	S		 8,253,400.00		 7,609,095.04		 0.00	 556,717.04 	T	 125,377,420.00	 124,580,241.87	 778,567.11	 132,503.62 	U	 287,799,682.00	 260,819,731.02 1,543,065.68 23,312,310.61 	V		 5,369,967.00		 4,866,556.28	 28,183.32	 434,977.33 	W		32,267,000.00		32,267,000.00	 205,014.51	 0.00 	X		17,313,492.00		16,797,270.55	 0.00	 173,899.45 	Y		26,922,848.00		26,757,779.53	 167,223.35	 27,383.61 	Z			 0.00			 0.00	 64,205.38		 0.00 	R-1			 50.00			 0.00		 0.00		 0.00 Totals	 673,071,182.00	 632,290,109.89 3,909,800.16 34,293,527.54 			TOTAL			REALIZED		DEFERRED		CURRENT 							LOSSES		INTEREST		PRINCIPAL 													BALANCE 	N			 0.00			 0.00		 0.00		 0.00 	O		 453,178.78			 0.00		 0.00	4,331,750.62 	P		10,037,386.83			 0.00		 0.00 98,354,949.11 	Q		 132,087.80			 0.00		 0.00 21,567,000.00 	R		 155,885.68			 0.00		 0.00 24,683,000.00 	S		 556,717.04			 0.00		 0.00	7,052,378.00 	T		 911,070.73			 0.00		 0.00 124,447,738.25 	U		24,855,376.29			 0.00		 0.00 237,507,420.41 	V		 463,160.65			 0.00		 0.00	4,431,578.94 	W		 205,014.51			 0.00		 0.00 32,267,000.00 	X		 173,899.45		 	 0.00		 0.00 16,623,371.10 	Y		 194,606.96			 0.00		 0.00 26,730,395.92 	Z		 64,205.38			 0.00		 0.00		 0.00 	R-1			 0.00			 0.00		 0.00		 0.00 Totals		38,203,327.70			 0.00		 0.00 597,996,582.35 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE 					 PRIOR 					 PRINCIPAL 	CLASS	 CUSIP	 BALANCE		INTEREST		PRINCIPAL		TOTAL 	N				 0.000000	 0.000000	 0.000000	 0.000000 	O				 906.254410	 5.474869	 81.001864		84.476733 	P				 909.673435	 6.822030	 78.047619		84.869649 	Q				1,000.000000	 6.124533		0.000000		 6.124533 	R				1,000.000000	 6.315508		0.000000		 6.315508 	S				 921.934602	 0.000000	 67.453054		67.453054 	T				 993.641773	 6.209787		1.056838		 7.266625 	U				 906.254410	 5.361596	 81.001864		86.363460 	V				 906.254410	 5.248323	 81.001864		86.250186 	W				1,000.000000	 6.353690		0.000000		 6.353690 	X				 970.183863	 0.000000	 10.044158		10.044158 	Y				 993.868833	 6.211206		1.017114		 7.228320 	Z				 0.000000	 0.192479		0.000000		 0.192479 	R-I		055240AX3 0.000000	 0.00000	 0.000000	 0.000000 			CURRENT		PASS THROUGH 			PRINCIPAL		RATES 			BALANCE		CURRENT		NEXT 	N		 0.000000	7.625000%		7.625000% 	O		825.252546	7.250000%		7.250000% 	P		831.625817	9.000000%		9.000000% 	Q	 1,000.000000	7.350000%		7.350000% 	R	 1,000.000000	7.579200%		7.579200% 	S		854.481548	0.000000%		0.000000% 	T		992.584935	7.500000%		7.500000% 	U		825.252546	7.100000%		7.100000% 	V		825.252546	6.950000%		6.950000% 	W	 1,000.000000	7.625000%		7.625000% 	X		960.139705	0.000000%		0.000000% 	Y		992.851719	7.500000%		7.500000% 	Z		 0.000000	0.253633%			 NA 	R-I		 0.000000	7.625000%		7.625000% Seller:			 Bank of America			Administrator: Kelly L. Shea Servicer:			 Bank of America				 Bankers Trust Company Lead Underwriter: Donaldson, Lufkin & Jenrette				3 Park Plaza Record Date:		 February 30 1998					 Irvine, CA 92714 Distribution Date:	 March 25, 1998 Factor Information: (800)735-7777 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1 REMIC II REVISED STATEMENT TO CERTIFICATEHOLDERS DISTRIBUTIONS IN DOLLARS	 			ORIGINAL		 PRIOR PRINC CLASS 	FACE VALUE	 BALANCE		INTEREST		PRINCIPAL 	A-1		 5,249,000.00		 4,756,929.40	 28,737.59	 425,178.78 	A-2	 118,268,273.00	 107,585,506.20	 549,092.46	9,230,557.09 	A-3			 0.00			 0.00	 257,737.28		 0.00 	A-4		21,567,000.00		21,567,000.00	 132,087.80		 0.00 	A-5		24,683,000.00		24,683,000.00	 149,115.08		 0.00 	A-6		 8,253,400.00		 7,609,095.04		 0.00	 556,717.04 	A-7	 125,377,420.00	 124,580,241.87	 778,567.11	 132,503.62 	A-8	 245,698,788.00	 222,665,610.17 1,317,337.68 19,902,059.74 	A-9		 5,369,967.00		 4,866,556.28 28,183.32	 434,977.33 	A-10		25,000,000.00		25,000,000.00	 147,905.39		 0.00 	A-11		17,100,894.00		13,154,120.85	 77,822.61	3,410,250.88 	A-12		32,267,000.00		32,267,000.00	 194,931.59		 0.00 	A-13			 0.00			 0.00	 16,853.52		 0.00 	X			 0.00			 0.00	 64,205.38		 0.00 	PO		17,313,492.00		16,797,270.55		 0.00	 173,899.45 Totals	 646,148,234.00	 605,532,330.36 3,742,576.81 34,266,143.93 			TOTAL			REALIZED		DEFERRED		CURRENT 							LOSSES		INTEREST		PRINCIPAL 													BALANCE	 	A-1 	 453,916.37		0.00			0.00		 4,331,750.62 	A-2 	 9,779,649.55		0.00			0.00		 98,354,949.11 	A-3 	 257,737.28		0.00			0.00				 0.00 	A-4 	 132,087.80		0.00			0.00			21,567,000.00 	A-5 149,115.08 0.00			0.00			24,683,000.00 	A-6 556,717.04 0.00			0.00			 7,052,378.00 	A-7 911,070.73 0.00			0.00		 124,447,738.25 	A-8 21,219,397.42		0.00			0.00		 202,763,550.43 	A-9 463,160.65		0.00			0.00			 4,431,578.94 	A-10 147,905.39		0.00			0.00			25,000,000.00 	A-11 3,488,073.49		0.00			0.00			 9,743,869.98 	A-12 194,931.59		0.00			0.00		 32,267,000.00 	A-13 16,853.52		0.00			0.00				 0.00 X		 64,204.38		0.00			0.00				 0.00 	PO		 173,899.45		0.00			0.00			16,623,371.10 Totals 38,008,720.74		0.00 0.00 571,266,186.43 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE 					 PRIOR 					 PRINCIPAL 	CLASS	 CUSIP BALANCE		INTEREST		PRINCIPAL		TOTAL 	A-1 	055240AD7 906.254410	5.474869	 81.001864	 86.476733 	A-2 	055240AE5	 909.673435	4.642771	 78.047619		82.690389 	A-3 	055240AF2 0.000000	2.179260	 0.000000		 2.179260 	A-4 	055240AG0	1,000.000000	6.124533	 	0.000000		 6.124533 	A-5		055240AH8 1,000.000000 6.041206 0.000000 6.041206 	A-6		055240AJ4 921.934602 0.000000	 67.453054 67.453054 	A-7		055240AK1 993.641773 6.209787		1.056838 7.266625 	A-8		055240AL9 906.254410 5.361596	 81.001864 86.363460 	A-9		055240AM7 906.254410 5.248323	 81.001864 86.250186 	A-10		055240AN5 1,000.000000 5.916216		0.000000 5.916216 	A-11		055240AP0 769.206619 4.550792	 199.419450 203.970242 	A-12		055240AQ8 1,000.000000 6.041206		0.000000 6.041206 A-13		055240AR6	 0.000000	6.353683	 	0.000000		 6.353683 	X		055240AS4	 0.000000	5.559767	 	0.000000		 5.559767 	PO		055240AT2	 970.183863	0.000000	 10.044158	 10.044158 CURRENT		PASS THROUGH 			PRINCIPAL		RATES 			BALANCE		CURRENT		NEXT 	A-1 	825.252546	7.250000%		7.250000% 	A-2		831.625817	6.125000%		6.125000% 	A-3		 0.000000	2.875000%		2.812500% 	A-4 1,000.000000	7.350000%		7.350000% 	A-5 1,000.000000	7.250000%		7.250000% 	A-6 854.481548	0.000000%		0.000000% 	A-7		992.584935	7.500000%		7.500000% 	A-8 825.252546	7.100000%		7.100000% 	A-9 825.252546	6.950000%		6.950000% 	A-10 1,000.000000	7.100000%		7.100000% 	A-11		569.787169	7.100000%		7.100000% 	A-12 1,000.000000	7.250000%		7.250000% 	A-13 000.000000	7.625000%		7.625000% 	X	 000.000000	7.500000%		7.500000% 	PO 960.139705 0.000000% 0.000000% Seller:			 Bank of America			Administrator:	 Kelly L. Shea Servicer:			 Bank of America				 Bankers Trust Company Lead Underwriter: Donaldson, Lufkin & Jenrette				3 Park Plaza Record Date:		 February 30 1998				Irvine, CA 92714 Distribution Date:	 March 25, 1998 Factor Information: (800)735-7777 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1 REMIC II REVISED STATEMENT TO CERTIFICATEHOLDERS DISTRIBUTIONS IN DOLLARS	 			ORIGINAL		 PRIOR PRINC 	CLASS 	FACE VALUE	 BALANCE		INTEREST		PRINCIPAL 	M		15,144,101.00		15,051,249.99	 94,063.13	 15,403.28 	B-1		 5,048,033.00	 5,017,082.66	 31,354.38	 5,134.43 	B-2		 2,355,749.00		 2,341,305.50	 14,632.04	 2,396.07 	B-3		 1,682,677.00		 1,672,360.23	 10,451.45	 1,711.47 	B-4		 1,346,142.00		 1,337,888.57	 8,361.16	 1,369.18 	B-5		 1,346,146.00		 1,337,892.58	 8,361.19	 1,369.18 	R-II			 0.00	 0.00	 0.00	 0.00 Totals	 26,922,898.00	 26,757,779.53 167,223.35	 27,383.61 			TOTAL			REALIZED		DEFERRED		CURRENT 							LOSSES		INTEREST		PRINCIPAL 													BALANCE	 	M		 109,466.41		0.00			0.00		 15,035,846.71 	B-1 	 36,488.81		0.00			0.00		 5,011,948.23 	B-2 	 17,028.11		0.00			0.00			 2,338,909.43 	B-3 	 12,162.92		0.00			0.00			 1,670,648.76 	B-4 9,730.34 0.00			0.00			 1,336,519.39 	B-5 9,730.37 0.00			0.00			 1,336,523.40 	R-II 0.00 0.00			0.00				 0.00 Totals 194,606.96		0.00 0.00 26,730,395.92 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE 					 PRIOR 					 PRINCIPAL 	CLASS	 CUSIP BALANCE		INTEREST		PRINCIPAL		TOTAL 	M		055240AU9 993.868833	6.211206 1.017114	 7.228320 	B-1 	055240AV7	 993.868832	6.211207	 1.017115	 7.228322 	B-2 	055240AW5	 993.868829	6.211205	 1.017116	 7.228321 	B-3 	055240AA3	 993.868835	6.211204	 	1.017111	 7.228315 	B-4		055240AB1 993.868827 6.211202 1.017114 7.228316 	B-5		055240AC9 993.868851 6.211206		1.017111 7.228317 	R-II		055240AY1 0.000000 0.000000	 0.000000 0.000000 CURRENT		PASS THROUGH 			PRINCIPAL		RATES 			BALANCE		CURRENT		NEXT 	M		992.851719	7.500000%		7.500000% 	B-1		992.851717	7.500000%		7.500000% 	B-2		992.851713	7.500000%		7.500000% 	B-3 992.851724	7.500000%		7.500000% 	B-4 992.851713	7.500000%		7.500000% 	B-5		992.851740	7.500000%		7.500000% 	R-II 0.000000	7.625000%		7.625000% Seller:			 Bank of America			Administrator:	 Kelly L. Shea Servicer:			 Bank of America				 Bankers Trust Company Lead Underwriter: Donaldson, Lufkin & Jenrette				3 Park Plaza Record Date:		 February 27, 1998 			Irvine, CA 	92714 Distribution Date:	 March 25, 1998 Factor Information: (800)735-7777 BA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-3 REVISED STATEMENT TO CERTIFICATE HOLDERS Distribution Date:			March 25, 1998 MORTGAGE POOL INFORMATION: 	Beginning Number of Loans in Pool							 2,182 	Ending Number of Loans in Pool							 2,070 	Beginning Balance of Pool						 	632,290,109.89 	Less:	Scheduled Principal				654,638.55 			Principal Prepayments		 33,638,888.99 			Repurchases						 0.00 			Liquidation						 0.00 			Other Unscheduled Principal			 0.00 (34,293,527.54) 	Ending Balance of Pool								597,996,582.35 	Weighted Average Remaining Term to Maturity						 318 	Weighted Average Mortgage Rate							7.673176% 	Beginning Balance of Premium Mortgage Loans				303,794,249.05 	Stripped Interest Rate									0.253633% 	Current Realized Losses on the Pool							0.00 	Cumulative Realized Losses on the Pool							0.00 Delinquent, Bankruptcy,						 Loans	 Loans	 Loans Foreclosure and REO	 30 to 59 60 to 89 90 Plus in		 in		in Loan Information	 Days	 Days	 Days	 Bankruptcy Foreclosure	REO Principal Balance 1,282,407.17 0.00 308,630.37 0.00 	 0.00	 0.00 % of Pool Balance	0.2145%	0.0000%	0.0516%	0.0000%	0.0000% 0.0000% Number of Loans		5		0		1		0		0		0 % of Loans			0.2415%	0.0000%	0.0483%	0.0000%	0.0000% 0.000% 	Book Value of REO Properties									NA Servicing Information: 	Services Fees Accrued during the current due period		 132,020.42 	Plus:	Additional servicing compensation						0.00 	Less:	Amts. To cover prepayment Int. Shortfall 69,749.93 			Delinquent Services Fees				 13,676.02 (83,425.95) 	Servicing Fees Collected for the Current Due Period		 48,594.47 	Advanced Principal										69,030.33 	Advanced Interest									 406,530.88 BA MORTGAGE SECURITIES,INC. MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-1 REVISED STATEMENTS TO CERTIFICATEHOLDERS Distribution Date:			March 26 1998 					Other					Cumulative 		Prepayment	Unscheduled	Certificate	Unpaid	 Cumulative 		Principal		Principal		Interest		Interest		Realized Class	Distributed	Distributed	Shortfall		Shortfall		Losses A-1		 419,294.33		0.00			2.19			0.00			0.00 A-2		9,102,806.64		0.00		 41.89			0.00			0.00 A-3			 0.00		0.00		 19.66			0.00			0.00 A-4			 0.00		0.00		 10.08			0.00			0.00 A-5			 0.00		0.00		 11.38			0.00			0.00 A-6		 549,012.12		0.00			0.00			0.00			0.00 A-7			 0.00		0.00		 59.40			0.00			0.00 A-8	 19,626,616.24		0.00		 100.51			0.00			0.00 A-9		 428,957.27		0.00			2.15			0.00			0.00 A-10			 0.00		0.00		 11.28			0.00			0.00 A-11		3,363,053.18		0.00			5.94			0.00			0.00 A-12			 0.00		0.00		 14.87			0.00			0.00 A-13			 0.00		0.00			1.29			0.00			0.00 X			 0.00		0.00			4.90			0.00			0.00 PO		 149,149.22		0.00			0.00			0.00			0.00 M			 0.00		0.00			7.18			0.00			0.00 B-1			 0.00		0.00			2.39			0.00			0.00 B-2			 0.00		0.00			1.12			0.00			0.00 B-3			 0.00		0.00			0.80			0.00			0.00 B-4			 0.00		0.00			0.64			0.00			0.00 B-5			 0.00		0.00			0.64			0.00			0.00 TOTALS 33,638,888.99		0.00			298.31		0.00			0.00 	OTHER REPORTING ITEMS: 	SENIOR PERCENTAGE									95.65% 	SENIOR PREPAYMENT PRECENTAGE						 100.00% 	SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT			 27,383.61 	HAS THE CREDIT SUPPORT DEPLETION DATE OCCURED		 NO 	BANKRUPTCY AMOUNT								 100,000.00 	FRAUD LOSS AMOUNT							 12,645,802.20 	SPECIAL HAZARD AMOUNT							6,730,712.00 	EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD				 0.00 	GUARANTEED DISTRIBUTIONS							 149,115.08 	GUARANTEED DISTIBUTIONS PAID UNDER THE POLICY			 0.00 	BEGINNING RESERVE FUND BALANCE					 2,500.00 	WITHDRAWLS FROM RESERVE FUND							 0.00 	ENDING RESERVE FUND BALANCE						 2,500.00