Exhibit No. 99.1 (b)
                         AMERIQUEST
                          MORTGAGE
                           COMPANY


                              
January 12, 1998


As of and for the year ended December 31, 1997, Ameriquest
Mortgage Company has complied in all material respects with
the minimum servicing standards set forth in the Mortgage
Bankers Association of America's Uniform Single Attestation
Program for Mortgage Bankers.  From January 1, 1997 through
December 31, 1997, Ameriquest Mortgage Company had in effect
a fidelity bond in the amount of $10,000,000 and for the
same period, an errors and omissions policy in an amount
ranging from $4,100,000 to $6,200,000


/s/ Jule J. Keen                       
Jule J. Keen                           
Executive Vice President of            
Servicing Division
                                       
/s/ Shawna R. Ogilvie                  
Shawna R. Ogilvie                      
Vice President of Servicing Division   
                                       
                                       
/s/ John P. Grazer                     
John P. Grazer                         
Executive Vice President               
And Acting Chief Financial Officer