UNITED STATES
                       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):  April 25, 2000

                            IMPAC FUNDING CORPORATION
             Mortgage Pass-Through Certificates, Series 2000-1 Trust


New York (governing law of          333-44209      Pending
Pooling and Servicing Agreement)    (Commission    IRS EIN
(State or other                     File Number)
jurisdiction


        c/o Norwest Bank Minnesota, N.A.
        11000 Broken Land Parkway                            21044
        Columbia, MD                                        (Zip Code)
        (Address of principal executive offices)


       Registrant's telephone number, including area code:  (410) 884-2000



          Former name or former address, if changed since last report)


ITEM 5.  Other Events

On  April  25,  2000 a  distribution  was  made  to  holders  of  IMPAC  FUNDING
CORPORATION Mortgage Pass-Through Certificates, Series 2000-1 Trust


  ITEM 7.  Financial Statements and Exhibits

        (c)  Exhibits furnished in accordance with Item 601(a) of
  Regulation S-K

             Exhibit Number                      Description
                                 Monthly report distributed to holders of
             EX-99.1             Mortgage Pass Through Certificates,
                                 Series 2000-1 Trust, relating to the April
                                  25, 2000 distribution.






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.



                             IMPAC FUNDING CORPORATION
             Mortgage Pass-Through Certificates, Series 2000-1 Trust

              By:   Norwest Bank Minnesota, N.A., as Trustee
              By:   /s/ Sherri J. Sharps, Vice President
              By:   Sherri J. Sharps, Vice President
              Date: 5/5/00


                                INDEX TO EXHIBITS

Exhibit Number                   Description

EX-99.1        Monthly report distributed to holders of Mortgage Pass Through
               Certificates, Series 2000-1 Trust, relating to the April 25, 2000
               distribution.