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):  December 28, 1998
                                        
            FIRST UNION RESIDENTIAL SECURITIZATION TRANSACTIONS, INC.
             Mortgage Pass-Through Certificates, Series 1998-B Trust


North Carolina (governing law of    333-03574      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, Maryland                                  (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 December 28, 1998 a distribution was made to holders of FIRST UNION 
RESIDENTIAL SECURITIZATION TRANSACTIONS, INC., Mortgage Pass-Through 
Certificates, Series 1998-B 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 
                                 1998-B Trust, relating to the December 28, 
                                 1998 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.



             FIRST UNION RESIDENTIAL SECURITIZATION TRANSACTIONS, INC.
              Mortgage Pass-Through Certificates, Series 1998-B Trust

              By:   Norwest Bank Minnesota, N.A., as Trustee
              By:   /s/ Sherri J. Sharps, Vice President
              By:   Sherri J. Sharps, Vice President
              Date: 12/30/1998


                                INDEX TO EXHIBITS
               
Exhibit Number                   Description
                                         
EX-99.1        Monthly report distributed to holders of Mortgage Pass-Through 
               Certificates, Series 1998-B Trust, relating to the December 28,
               1998 distribution.