UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION
                      WASHINGTON, D.C. 20549
                                 
                                 
                              FORM 15
                                 
                                 
CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER
SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION
OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934.

                               Commission File Number 333-30759-16
                                                                  
  AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-1
      (Exact name of registrant as specified in its charter)
                                 

  c/o Bankers Trust Company, 3 Park Plaza 16th Floor, Irvine, CA
                       92614 (714) 253-7575
(Address, including zip code, and telephone number, including area
        code, of registrant's principal executive offices)
                                 

    (Titles of  each class of securities covered by this form)
                                 

(Titles of all other classes of securities for which a duty to
file reports under section 13(a) or 15(d) remains)

     Please place an X in the box(es) to designate the appropriate
rule provision(s) relied upon to terminate or suspend the duty to
file reports:

     Section 15(d) of the Securities Exchange Act of 1934

     Rule 12g-4(a)(1)(i)  __                 Rule 12h-3(b)(1)(i) __
     Rule 12g-4(a)(1)(ii) __                 Rule 12h-3(b)(1)(ii)__
     Rule 12g-4(a)(2)(i)  __                 Rule 12h-3(b)(2)(i) __
     Rule 12g-4(a)(2)(ii) __                 Rule 12h-3(b)(2)(ii)__
                                             Rule 15d-6           X

     Approximate number of holders of record as of the
certification or notice date: See Schedule A attached hereto.

     Pursuant to the requirements of the Securities Exchange Act
of 1934 AMRESCO Residential Securities Corporation Mortgage Loan
Trust 1998-1 has caused this certification/notice to be signed on
its behalf by the undersigned duly authorized person.

Date:  March 23, 1999                   By: \s\Ron B. Kirkland
                                             Ron B. Kirkland
                                             Senior Vice President and
                                             Chief Accounting Officer




                         Schedule A to Form 15
                                 
Title of Security                         Number of holders of Record
                                          as of January 12, 1999

Class A-1 Certificates                                        6
Class A-2 Certificates                                        2
Class A-3 Certificates                                       13
Class A-4 Certificates                                       17
Class A-5 Certificates                                        4
Class A-6 Certificates                                        7
Class A-7 Certificates                                       10