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):
                        December 26, 1997
                                
                                
    AMRESCO Residential Securities Corporation on behalf of:
                                
 AMRESCO Residential Securities Corporation Mortgage Loan Trust
                             1997-1
     (Exact name of registrant as specified in its charter)
                                
                                
                                                      
          New York             333-8687-11  Application Pending
(State or Other Jurisdiction   (Commission    (I.R.S. Employer
      of Incorporation)       File Number)  Identification No.)
              
  c/o The Bank of New York                            
   101 Barklay Street, 12E                            
        New York, NY                               10286
    (Address of Principal                        (Zip Code)
     Executive Offices)
                                
Registrant's telephone number, including area code (909) 605-7600
                                
                         No Change
  (Former name or former address, if changed since last report)
                                

Item 5.   Other Events.
        Information    relating   to   the    distributions    to
Certificateholders  for  the period  from  November  1,  1997  to
November   30,  1997  (the  "Monthly  Period")  of  the   AMRESCO
Residential  Securities Corporation Mortgage  Loan  Trust  1997-1
(the  "Registrant"  or "Trust") in respect of the  Mortgage  Loan
Asset   Backed   Certificates,  Series  1997-1,  Class   A   (the
"Certificates") issued by the Registrant and the  performance  of
the  Trust  (including distributions of principal  and  interest,
delinquent  balances  of  mortgage loans,  and  the  subordinated
amount   remaining),  together  with  certain  other  information
relating to the Certificates, is contained in the Monthly  Report
for the Monthly Period provided to Certificateholders pursuant to
the  Pooling and Servicing Agreement dated as of March  1,  1997,
among  AMRESCO Residential Securities Corporation in its capacity
as  Depositor,  AMRESCO Residential Mortgage Corporation  in  its
capacity  as the Seller, Advanta Mortgage Corp. USA,  Long  Beach
Mortgage  Company  and  Option One Mortgage  Corporation  as  the
Servicers,  and  The  Bank of New York, in its  capacity  as  the
trustee.


Item 7.   Exhibit.

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


                           SIGNATURE


      Pursuant to the requirements of the Securities Exchange Act
of  1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.


                          By:    AMRESCO  Residential  Securities
                                 Corporation
                                 Mortgage Loan Trust 1997-1

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



Dated:  January 5, 1998