EXHIBIT 28.2
                                                ------------
INDEPENDENT ACCOUNTANT'S REPORT

To the Board of Directors
  United Companies Lending Corporation

We have examined management's  assertion  about  United
Companies Lending Corporation's compliance with the minimum
servicing standards identified in the Mortgage Bankers
Association  of America's Uniform Single Attestation Program
                          ----------------------------------
for  Mortgage Bankers (USAP) as of and for the year ended
---------------------
December  31, 1998  included in the accompanying management
assertion.   Management is responsible for United Companies
Lending Corporation's  compliance  with those minimum
servicing standards.  Our responsibility is to  express  an
opinion on management's  assertion  about the  entity's
compliance based on our examination.

Our examination was  made  in  accordance  with  standards
established by the American Institute of Certified  Public
Accountants and, accordingly, included examining, on a  test
basis, evidence about United Companies Lending Corporation's 
compliance with the minimum servicing standards and performing 
such other procedures as we considered necessary in the 
circumstances.  We believe that our examination provides a 
reasonable basis for our opinion. Our examination does not 
provide a legal determination on United Companies Lending
Corporation's compliance with the minimum servicing standards.

In our opinion, management's assertion that United Companies
Lending Corporation  complied  with the aforementioned
minimum  servicing  standards as of and for the year ended
December 31, 1998 is fairly stated, in all material respects.


Deloitte & Touche LLP

March 26, 1999
                                 PAGE 10
<PAGE>

        UNITED COMPANIES LENDING CORPORATION (LETTERHEAD)         
                        
                        
As of and for the year ended December 31, 1998, United Companies
Lending Corporation, a wholly-owned subsidiary of United Companies
Lending Group, Inc., which is a wholly owned subsidiary of United
Companies Financial Corporation, 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.  As of and for this same period, United
--------------------
Companies Financial Corporation had in effect fidelity bond and
errors and omissions policies in the amounts of $10,000,000 and
$5,000,000, respectively.




/s/ DEBORAH HICKS MIDANEK             3/31/99
------------------------------------  -------------
Deborah Hicks Midanek                 Date
Chairman and Chief Executive Officer



/s/ F. WAYNE BONO                     3/31/99
------------------------------------  -------------
F. Wayne Bono                         Date
Senior Vice President and
Servicing Manager

 

/s/ JESSE O. GRIFFIN                  3/31/99
------------------------------------  -------------
Jesse O. Griffin                      Date
Sr. Vice President and Director
of Accounting Services

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