SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-K/A
                                 Amendment No. 2


(Mark One)

| x |   ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 

For the fiscal year ended December 31, 1996

|   |   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 

Commission File No.:  333-96500-03

              Access Financial Mortgage Loan Trust, Series 1996-1
             (Exact name of registrant as specified in its charter)

New York (governing law of pooling and servicing agreement)
State or other jurisdiction of incorporation or organization)

52-6825868, 52-6825869
(I.R.S. Employer Identification No.)

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

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

Securities registered pursuant to Section 12(b) of the Act:  NONE

Securities registered pursuant to Section 12(g) of the Act:  NONE

     Indicate  by check mark  whether the  registrant  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days.

Yes    X                No



This Amendment No. 2 on Form 10-K/A amends Item 14 of the original Annual Report
on Form 10-K (the "Original Form 10-K") filed on March 26, 1997, by Norwest Bank
Minnesota, N.A. (the "Reporting Person"), on behalf of Access Financial Mortgage
Loan Trust,  Series  1996-1  (the  "Trust"),  established  pursuant to a Pooling
Agreement   (the  "Pooling   Agreement")   among  Cargill   Financial   Services
Corporation,  as Sponsor,  (the "Sponsor"),  Access Financial  Lending Corp., as
Seller,  (the ("Seller"),  and Norwest Bank Minnesota,  N.A., as Trustee,  ( the
"Trustee"),  pursuant to which the Access Financial Mortgage Loan Trust,  Series
1996-1,   certificates   registered  under  the  Securities  Act  of  1933  (the
"Certificates")  were issued.  Item 14 of the  Original  Form 10-K is amended to
read  in its  entirety  as  follows:  

Item  14.  Exhibits,  Financial  Statement Schedules, and Reports on Form 8-K.

     (a)  Exhibits

          99.1 Annual Report of  Independent  Public  Accountants'  as to master
               servicing activities or servicing activities as applicable:
          
                   (a)  Electronic Data Systems Corp., as Servicer<F1>
                   (b)  LSI Financial Group, as Servicer<F1>
   
          99.2 Management Assertion Letter:

                   (a)  Electronic Data Systems Corp., as Servicer<F1>
                   (b)  LSI Financial Group, as Servicer<F2>

          99.3 Annual  Statements  of  Compliance  with  obligations  under  the
               Pooling Agreement or servicing agreement, as applicable,  of: 

                   (a) Electronic Data Systems Corp., as Servicer<F1>
                   (b) LSI Financial Group, as Servicer<F1>

     (b)  On October 1, 1996, November 1, 1996, and December 5, 1996 a report on
          Form 8-K was filed in order to provide the  statements for the monthly
          distributions to holders of the Certificates. No other reports on Form
          8-K have been filed during the last  quarter of the period  covered by
          this report.

     (c)  Omitted.

     (d)  Omitted.
         

<F1> Previously Filed.

<F2> Filed herewith.

     


                                    SIGNATURE

     Pursuant  to the  requirements  of  Section  13 or 15(d) of the  Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized:

     
          Access Financial Mortgage Loan Trust, Series 1996-1


                       By: Norwest Bank Minnesota, N.A.,
                           as Trustee

                       By: /s/ Sherri J. Sharps
                       By: Sherri J. Sharps
                    Title: Vice President
                    Dated: October 1, 1997



                                 EXHIBIT INDEX

          Exhibit No.

          99.1 Annual Report of  Independent  Public  Accountants'  as to master
               servicing activities or servicing activities as applicable:
          
                   (a)  Electronic Data Systems Corp., as Servicer<F1>
                   (b)  LSI Financial Group, as Servicer<F1>
   
          99.2 Management Assertion Letter:

                   (a)  Electronic Data Systems Corp., as Servicer<F1>
                   (b)  LSI Financial Group, as Servicer<F2>

          99.3 Annual  Statements  of  Compliance  with  obligations  under  the
               Pooling Agreement or servicing agreement, as applicable,  of: 

                   (a) Electronic Data Systems Corp., as Servicer<F1>
                   (b) LSI Financial Group, as Servicer<F1>

<F1> Previously Filed.

<F2> Filed herewith.