SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549
                                   -----
                                 FORM 10-Q

(Mark One)

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

For the quarterly period ended March 31, 1997

                                     OR

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

For the transition period from               to 
                               --------------   ----------------

Commission file number:  021686

              FORD CREDIT AUTO LOAN MASTER TRUST
    (Ford Credit Auto Receivables Corporation - Originator)
----------------------------------------------------------------
    (Exact name of registrant as specified in its charter)

       Delaware                          38-2973806
--------------------         -----------------------------------
(State of Incorporation)     (I.R.S. employer identification no.)

 The American Road, Dearborn, Michigan               48121
---------------------------------------            ---------
(Address of principal executive offices)           Zip code)

Registrant's telephone number, including area code (313) 322-3000

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

Securities registered pursuant to Section 12(g) of the Act: 
Series 1992-1, 6 7/8% Auto Loan Asset Backed Certificates
Series 1992-2, 7 3/8% Auto Loan Asset Backed Certificates
Series 1994-1, Floating Rate Auto Loan Asset Backed Certificates
Series 1995-1, 6.50% Auto Loan Asset Backed Certificates
Series 1996-1, 5.50% Auto Loan Asset Backed Certificates
Series 1996-2, Floating Rate Auto Loan Asset Backed Certificates
             
    Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(c) 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
<PAGE>
                                  PART I.


ITEM 1.                           Business

The Ford Credit Auto Loan Master Trust (the "Trust") was created on February
5, 1992 pursuant to the Pooling and Servicing Agreement (the "Pooling and
Servicing Agreement") dated as of December 31, 1991 among Ford Motor Credit
Company ("Ford Credit"), as servicer, Ford Credit Auto Receivables
Corporation (the "Company"), as seller, and The Chase Manhattan Bank, (the
"Trustee"), as successor trustee.  Pursuant to the Pooling and Servicing
Agreement, the Company transferred to the trust property primarily consisting
of wholesale receivables generated from time to time in a portfolio of
revolving financing arrangements with automobile dealers to finance their
automobile and light truck inventory, collections as to the receivables,
security interests in the vehicles financed thereby and certain other
property.  Such property was obtained by the Company pursuant to the
Receivables Purchase Agreement dated as of December 31, 1991 between the
Company, as purchaser, and Ford Credit, as seller. 

In 1992, the Company registered with the Securities Exchange Commission
(the "Commission") under the Securities Act of 1933, as amended, (the "Act")
and sold to the general public the Series 1992-1, 6 7/8% Auto Loan Asset
Backed Certificates (the "Series 1992-1 Certificates") in the initial
principal amount of $1,000,000,000, and the Series 1992-2, 7 3/8% Auto Loan
Asset Backed Certificates (the "Series 1992-2 Certificates") in the initial 
principal amount of $700,000,000.  In 1994, the Company registered with the
Commission under the Act and sold to the general public the Floating Rate
Auto Loan Asset Backed Certificates (the "1994-1 Certificates") in the
initial principal amount of $1,000,000,000.  In 1995, the Company registered
with the Commission under the Act and sold to the general public the 
Series 1995-1, 6.50% Auto Loan Asset Backed Certificates (the "Series 1995-1
Certificates") in the initial principal amount of $1,000,000,000.  In 1996,
the Company registered with the Commission under the Act and sold to the
general public the 1996-1, 5.50% Auto Loan Asset Backed Certificates (the
"Series 1996-1 Certificates") in the initial amount of $800,000,000 and the
Series 1996-2, Floating Rate Auto Loan Asset Backed Certificates (the 1996-2
Certificates") in the initial amount of $960,000,000.  The Series 1992-1
Certificates, Series 1992-2 Certificates, Series 1994-1 Certificates, 1995-1
Certificates, Series 1996-1 Certificates and the Series 1996-2 Certificates 
were created pursuant to the Series 1992-1 Supplement dated as of December
31, 1991 to the Pooling and Servicing Agreement (the "1992-1 Supplement"),
the Series 1992-2 Supplement dated as of March 31, 1992 to the Pooling and
Servicing Agreement (the "1992-2 Supplement"), the Series 1994-1 Supplement
dated as of June 30, 1994 to the Pooling and Servicing Agreement (the "1994-1
Supplement"), Series 1995-1 Supplement dated as of June 30, 1995 to the
Pooling and Servicing Agreement (the "1995-1 Supplement"), the Series 1996-1
Supplement dated December 31, 1995 (the "1996-1 Supplement") and the Series
1996-2 Supplement dated December 31, 1995 (the "1996-2 Supplement"),
respectively.  Each Series of Certificates represents an undivided interest
in certain assets of the Trust.

                                     -2-<PAGE>
ITEM 2.  PROPERTIES
-------------------
For information regarding the property of the Trust, see the Pooling and
Servicing Agreement, the 1992-1 Supplement, the 1992-2 Supplement, the 1994-1
Supplement, the 1995-1 Supplement, the 1996-1 Supplement, the 1996-2
Supplement and the prospectuses (Exhibits 19.14, 19.15, 19.16,
19.17, 19.18 and 19.19) relating to the Series 1992-1 Certificates, the
Series 1992-2 Certificates, the 1994-1 Certificates, the 1995-1 Certificates,
the 1996-1 Certificates and the 1996-2 Certificates and incorporated hereby
by reference.  The Series 1992-1 Certificates were redeemed in January 1997
and the Series 1992-2 Certificates were redeemed in April 1997.  For
additional information regarding the Certificates contained in the
Distribution Date Statements furnished to the Trustee on each Distribution
Date during 1997, see the Current Reports on Form 8-K incorporated by
reference herein (Exhibits 19.1 through 19.3).  For additional information,
regarding the Certificates, see Exhibit 99.

ITEM 3.  LEGAL PROCEEDINGS
Nothing to report.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

Nothing to report.
                                  PART II.

ITEM 5. MARKET FOR REGISTRANT'S COMMON STOCK AND RELATED
        STOCKHOLDER MATTERS

There were 27 Series 1994-1 Certificateholders,  74 Series 1995-1
Certificateholders, 61 Series 1996-1 Certificateholders and 13 1996-2
Certificateholders at April 30, 1997.  There is no established public trading
market for any of the Certificates.

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
        ACCOUNTING AND FINANCIAL DISCLOSURE.

Nothing to report.
                                 PART III.

ITEM 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT

                                    (3)Amount and     
                                       nature of       
              (2) Name and Address     beneficial      
(1)Title of       of beneficial        ownership     (4)Percent
   Class          owner*              (in thousands)    of Class
  ---------       ----------------    --------------    --------
Series 1994-1,    Chase Manhattan Bank   $ 93,915          9.4%
Floating Rate     Two Chase Manhattan Plaza
Auto Loan         5th Floor
Asset Backed      New York, NY 10081 
Certificates      
                                   -3-<PAGE>
ITEM 12.  (CONTINUED)
 
                                    (3)Amount and     
                                       nature of       
              (2) Name and Address     beneficial      
(1)Title of       of beneficial        ownership     (4)Percent
   Class          owner*              (in thousands)    of Class
  ---------       ----------------    --------------    --------
Series 1994-1,    Citicorp Services,     $238,260         23.9%
Floating Rate      Inc.
Auto Loan         P. O. Box 30576
Asset Backed      Tampa, FL 33630-3576  
Certificates      

Series 1994-1,    Bank of New York       $ 75,140          7.5%
Floating Rate     925 Patterson Plank Rd.
Auto Loan         Secaucus, NJ  07094
Asset Backed        
Certificates      

Series 1994-1,    Northern Trust Co.-    $ 91,105          9.1%
Floating Rate      Trust
Auto Loan         801 S. Canal C-In
Asset Backed      Chicago, IL  60607
Certificates      

Series 1994-1,    SSB - Custodian        $451,175         45.1%
5 5/8% Auto Loan  Global Proxy Unit, A5NW
Asset Backed      P. O. Box 1631
Certificates      Boston, MA 02105-1631

Series 1995-1     Bank of New York       $143,465         14.3%
6.50% Auto Loan   925 Patterson Plank Rd.
Asset Backed      Secaucus, NJ 07094
Certificates

Series 1995-1     Bankers Trust Company  $ 86,475          8.6%
6.50% Auto Loan   c/o BT Services 
Asset Backed        Tennessee, Inc.
Certificates      Custody Services
                  648 Grassmere Park Rd.
                  Nashville, TN  37211

                                -4-<PAGE>
ITEM 12.  (CONTINUED)

                                    (3)Amount and     
                                       nature of       
              (2) Name and Address     beneficial      
(1)Title of       of beneficial        ownership     (4)Percent
   Class          owner*              (in thousands)    of Class
  ---------       ----------------    --------------    --------
Series 1995-1     Boston Safe Deposit &  $ 65,500          6.6%
6.50% Auto Loan    Trust Co.
Asset Backed      c/o Mellon Bank N.A.
Certificates      Three Mellon Bank Center
                  Room 153-3015
                  Pittsburgh, PA 15259

Series 1995-1     Bank of Tokyo-         $110,000         11.0
6.50% Auto Loan    Mitsubishi Trust
Asset Backed       Company (The)
Certificates      c/o The Bank of Tokyo
                   Trust Co.
                  100 Broadway
                  New York, NY  10005

Series 1995-1     Chase Manhattan Bank   $170,945         17.1%
6.50% Auto Loan   Two Chase Manhattan Plaza
Asset Backed      5th Floor
Certificates      New York, NY 10081

Series 1995-1     Corestates Bank N.A.   $ 50,940          5.1%
6.50% Auto Loan   P. O. Box 7618 F.C.#1-9-1-21
Asset Backed      Philadephia, PA 19106-7618
Certificates

Series 1995-1     SSB-Custodian          $135,885         13.6%
6.50% Auto Loan   Global Proxy Unit, A5NW
Asset Backed      P. O. Box 1631
Certificates      Boston, MA 02105-1631
                  Edgewood, NY 11717

                                   -5-

<PAGE>
ITEM 12.  (CONTINUED)
                                      (3)Amount and     
                                       nature of       
              (2) Name and Address     beneficial      
(1)Title of       of beneficial        ownership     (4)Percent
   Class          owner*              (in thousands)    of Class
  ---------       ----------------    --------------    --------
Series 1996-1     Bank of New York       $ 57,150         11.6%
5.50% Auto        925 Patterson Plank Rd.
Loan Asset        Secaucus, NJ 07094
Backed 
Certificates

Series 1996-1,  Bankers Trust Company    $ 93,140         11.6%
5.50% Auto      c/o BT Services 
Loan Asset        Tennessee, Inc.
Backed          Custody Services
Certificates    648 Grassmere Park Rd.
                Nashville, TN  37211

Series 1996-1   Bank One Trust Company   $101,000         12.6%
5.50% Auto        N.A./
Loan Asset      Public Employee 
Backed            Retirement System
Certificates    277 E. Town Street
                Columbus, OH  43215

Series 1996-1   Chase Manhattan Bank     $ 40,750          5.1%
5.50% Auto      Two Chase Manhattan Plaza
Loan Asset      5th Floor
Backed          New York, NY 10081
Certificates    

Series 1996-1   Northern Trust Company   $ 41,744          5.2%
5.50% Auto      801 S. Canal C-In
Loan Asset      Chicago, IL 60607
Backed          
Certificates

Series 1996-1   Prudential Securities    $117,110         14.6%
5.50% Auto       Incorporated
Loan Asset      111 8th Avenue, 4th Floor
Backed          New York, NY 10011
Certificates

Series 1996-1   SSB-Custodian            $ 97,739         12.2%
5.50% Auto      Quincy Securities
Loan Asset       Processing
Backed          A5W P.O. Box 1631
Certificates    Boston, MA  02105-1631


                                    -6-<PAGE>
ITEM 12.  (CONTINUED)

                                    (3)Amount and     
                                       nature of       
              (2) Name and Address     beneficial      
(1)Title of       of beneficial        ownership     (4)Percent
   Class          owner*              (in thousands)    of Class
  ---------       ----------------    --------------    --------
Series 1996-2   Bankers Trust Company    $289,500         30.2%
Floating Rate   c/o BT Services
Auto Loan         Tennessee, Inc.
Asset Backed    Custody Services
Certificates    648 Grassmere Park Rd.
                Nashville, TN  37211

Series 1996-2   Chase Manhattan Bank/    $ 53,400          5.1%
Floating Rate    Chemical
Auto Loan       Auto Settlement Dept.
Asset Backed    4 New York Plaza, 4th Floor
Certificates    New York, NY  10004

Series 1996-2   Citicorp Services Inc.   $206,000         21.5%
Floating Rate   P.O. Box 30576
Auto Loan       Tampa, FL 33630-3576
Asset Backed    
Certificates

Series 1996-2   SSB-Custodian            $319,245         33.3%
Floating Rate   Global Proxy Unit, A5NW
Auto Loan       P.O. Box 1631
Asset Backed    Boston, MA  02105-1631
Certificates    




* As of April 30, 1997

                           
                                   -7-
<PAGE>
ITEM 13.      CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Nothing to report.

       
                                  PART IV.


ITEM 14.      EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND
REPORTS ON FORM 8-K


   (a)3.     Exhibits
             
Designation   Description                 Method of Filing
-----------   -----------                 ----------------  

Exhibit 3.1   Restated Certificate of     Filed as Exhibit 3.1 to
              Incorporation of Ford       Ford Credit Auto
              Credit Auto Receivables     Receivables             
              Corporation.                Corporation's
                                          Registration Statement  
                                          on Form S-1(No.33-44432)
                                          and incorporated herein
                                          by reference.

Exhibit 3.2   By-Laws of Ford Credit      Filed as Exhibit 3.2 to 
              Auto Receivables            Ford Credit Auto
              Corporation.                Receivables             
                                          Corporation's
                                          Registration Statement  
                                          on Form S-1(No.33-44432)
                                          and incorporated herein
                                          by reference. 
                                        
Exhibit 4.1   Conformed copy of Pooling   Filed as Exhibit 4.1 to 
              and Servicing Agreement     Ford Credit Auto
              dated as of December 31,    Receivables             
              1991 among Ford Credit      Corporation's
              Auto Receivables            Registration Statement 
              Corporation, as seller,     on Form S-1(No.33-47582)
              Ford Motor Credit Company   and incorporated herein
              as servicer, and Chemical   by reference. 
              Bank, as trustee.

                                 -8-
<PAGE>
Exhibit 4.2   Conformed copy of Series    Filed as Exhibit 4.2 to
              1992-1 Supplement           Ford Credit Auto Loan 
              to the Pooling and          Master Trust Current 
              Servicing Agreement         Report on Form 8-K dated
              referenced in Exhibit       February 7, 1992 and
              4.1 above among Ford        and incorporated herein
              Credit Auto Receivables     by reference.
              Corporation, as seller,
              Ford Motor Credit Company,
              as servicer, and Chemical 
              Bank, as trustee.                            
             

Exhibit 4.3   Conformed copy of Series    Filed as Exhibit 4.2 to
              1992-2 Supplement           Ford Credit Auto Loan
              Pooling and Servicing       Master Trust Current
              Agreement referred to in    Report on Form 8-K dated
              Exhibit 4.1 above among     May 15, 1992 and
              Ford Credit Auto            incorporated herein by
              Receivables Corporation,    reference.
              as seller, Ford Motor Credit 
              Company, as servicer, and 
              Chemical Bank, as trustee. 
              

Exhibit 4.4   Form of Series 1994-1       Filed as Exhibit 4.2 to 
              Supplement to the Pooling   Registration Statement No. 
              and Servicing Agreement     33-54673 on Form S-3 and
              referred to in Exhibit 4.1  incorporated herein by
              above among Ford Credit     reference.
              Auto Receivables Corporation,
              as seller, Ford Motor Credit
              Company, as servicer, and 
              Chemical Bank, as trustee.

Exhibit 4.5   Form of Series 1995-1       Filed as Exhibit 4.2 to
              Supplement to the Pooling   Registration Statement No.
              and Servicing Agreement     33-61033 on Form S-3 and
              referred to in Exhibit 4.1  incorporated herein by
              above among Ford Credit     reference.
              Auto Receivables Corporation,
              as seller, Ford Motor Credit
              Company, as servicer, and
              Chemical Bank, as trustee. 
 


                                      -9-<PAGE>
ITEM 14.      (Continued)
Designation   Description                  Method of Filing
-----------   -----------                  -----------------
Exhibit 4.6   Form of Series 1996-1       Filed as Exhibit 4.2 to
              Supplement to the Pooling   Registration Statement No.
              and Servicing Agreement     333-00243 on Form S-3 and
              referred to in Exhibit 4.1  incorporated herein by
              above among Ford Credit     reference.
              Auto Receivables Corporation,
              as seller, Ford Motor Credit
              Company, as servicer, and
              Chemical Bank, as trustee. 

Exhibit 4.7   Form of Series 1996-2       Filed as Exhibit 4.3 to
              Supplement to the Pooling   Registration Statement No.
              and Servicing Agreement     333-00243 on Form S-3 and
              referred to in Exhibit 4.1  incorporated herein by
              above among Ford Credit     reference.
              Auto Receivables Corporation,
              as seller, Ford Motor Credit
              Company, as servicer, and
              Chemical Bank, as trustee. 

Exhibit 19.1  Distribution Date Statement  Filed as Exhibit 19 to
              for Collection Period        Ford Credit Auto Loan
              ended January 31, 1997.      Master Trust Current
                                           Report on Form 8-K
                                           dated February 18, 1997
                                           and incorporated      
                                           herein by reference.
                                                                             
Exhibit 19.2  Distribution Date Statement  Filed as Exhibit 19 to
              for Collection Period ended  Ford Credit Auto Loan
              February 28, 1997.           Master Trust Current
                                           Report on Form 8-K
                                           dated March 13, 1997
                                           and incorporated      
                                           herein by reference.
              
Exhibit 19.3  Distribution Date Statement  Filed as Exhibit 19 to
              for Collection Period ended  Ford Credit Auto Loan
              March 31, 1997.              Master Trust Current
                                           Report on Form 8-K
                                           dated April 7, 1997
                                           and incorporated      
                                           herein
                                           by reference.

                                    -10-

<PAGE>
ITEM 14.      (Continued)
Designation   Description                  Method of Filing
-----------   -----------                  ----------------
Exhibit 19.14 Prospectus dated January     Filed as Exhibit 28.1
              30, 1992 relating to         to Ford Credit Auto
              Series 1992-1                Master Trust Current
              Certificates.                Report on Form 8-K
                                           dated February 7, 1992
                                           and incorporated herein
                                           by reference.

Exhibit 19.15 Prospectus dated May         Filed as Exhibit 28.1 
              11, 1993 relating to         to Ford Credit Auto 
              Series 1992-2                Loan Master Trust      
              Certificates.                Report on Form 8-K
                                           dated May 15, 1992 and
                                           incorporated herein by
                                           reference.

Exhibit 19.16 Prospectus dated July        Filed with the Commission
              26, 1994 relating to         pursuant to Rule 424(b)(1) on 
              Series 1994-1                July 27, 1994 and     
              Certificates                 incorporated herein by
                                           reference.
     
Exhibit 19.17 Prospectus dated August      Filed with the Commission
              1, 1995 relating to          pursuant to Rule 424(b)(1) on 
              Series 1995-1                August 3, 1995 and     
              Certificates                 incorporated herein by
                                           reference.     
                                          
Exhibit 19.18 Prospectus dated February    Filed with the Commission
              12, 1996 relating to         pursuant to Rule 424(b)(1) on 
              Series 1996-1                February 14, 1996 and     
              Certificates                 incorporated herein by
                                           reference.     
                                          
Exhibit 19.19 Prospectus dated February    Filed with the Commission
              12, 1996 relating to         pursuant to Rule 424(b)(1) on 
              Series 1996-2                February 14, 1996 and     
              Certificates                 incorporated herein by
                                           reference.     
                                          
Exhibit 99    Selected Information         Filed with this       
              relating to the Series       report. 
              1992-1 Certificates, the
              Series 1992-2 Certificates, 
              the Series 1994-1 Certifi-
              cates, the Series 1995-1
              Certificates, the Series
              1996-1 Certificates and
              the Series 1996-2 
              Certificates.
                                       -11-
<PAGE>
     (b) Reports on Form 8-K                  

Date of Report                             Item

January 15, 1997                 Item 5 - Other Events
February 18, 1997                Item 5 - Other Events
March 13, 1997                   Item 5 - Other Events


                                 SIGNATURES


Pursuant to the requirements of Section 13 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.


                             Ford Credit Auto Loan Master Trust
                                       (Registrant)
                                                                 

    
May 8, 1997                      By:/s/ Richard P. Conrad
                                    ------------------------
                                    Richard P. Conrad
                                    (Assistant Secretary of Ford
                                    Credit Auto Receivables
                                    Corporation, originator of
                                    Trust)

                           
                                  -12-
<PAGE>
                              EXHIBIT INDEX
Exhibit 
Number              Description of Exhibit            Page
--------            ----------------------            ----
Exhibit 3.1         Restated Certificate of           *   
                    Incorporation of Ford Credit 
                    Auto Receivables Corporation.     

Exhibit 3.2         By-Laws of Ford Credit Auto       *   
                    Receivables Corporation.
                                                          
Exhibit 4.1         Conformed copy of Pooling and     *
                    Servicing Agreement dated as 
                    of December 31, 1991 among 
                    Ford Credit Auto Receivables
                    Corporation, as seller, Ford
                    Motor Credit Company, as 
                    servicer, and Chemical Bank,
                    as trustee.

Exhibit 4.2         Conformed copy of Series          *
                    1992-1 Supplement dated as of
                    December 31, 1991 to the
                    Pooling and Servicing 
                    Agreement referenced in Exhibit 
                    4.1 above among Ford Credit 
                    Auto Receivables Corporation, 
                    as seller, Ford Motor Credit 
                    Company, as servicer, and 
                    Chemical Bank, as trustee.

Exhibit 4.3         Conformed copy of Series          *
                    1992-2 Supplement dated as of 
                    March 31, 1993 to the Pooling 
                    and Servicing Agreement
                    referred to in Exhibit 4.1 
                    above among Ford Credit Auto 
                    Receivables Corporation, as 
                    seller, Ford Motor Credit 
                    Company, as servicer, and 
                    Chemical Bank, as trustee.


Exhibit 4.4         Form of Series 1994-1             *
                    Supplement to the Pooling    
                    Servicing Agreement         
                    referred to in Exhibit 4.1  
                    above among Ford Credit     
                    Auto Receivables Corporation,
                    as seller, Ford Motor Credit
                    Company, as servicer, and 
                    Chemical Bank, as trustee.

                                    -13-<PAGE>
Exhibit 4.5         Form of Series 1995-1             *
                    Supplement to the Pooling    
                    Servicing Agreement         
                    referred to in Exhibit 4.1  
                    above among Ford Credit     
                    Auto Receivables Corporation,
                    as seller, Ford Motor Credit
                    Company, as servicer, and 
                    Chemical Bank, as trustee.

Exhibit 4.6         Form of Series 1996-1             *
                    Supplement to the Pooling    
                    and Servicing Agreement      
                    referred to in Exhibit 4.1  
                    above among Ford Credit      
                    Auto Receivables Corporation,
                    as seller, Ford Motor Credit
                    Company, as servicer, and
                    Chemical Bank, as trustee. 

Exhibit 4.7         Form of Series 1996-2             *
                    Supplement to the Pooling    
                    and Servicing Agreement      
                    referred to in Exhibit 4.1   
                    above among Ford Credit      
                    Auto Receivables Corporation,
                    as seller, Ford Motor Credit
                    Company, as servicer, and
                    Chemical Bank, as trustee. 

Exhibit 19.1        Distribution Date Statement       *   
                    for Collection Period             
                    ended January 31, 1997.            
                                                      
Exhibit 19.2        Distribution Date Statement       *    
                    for Collection Period             
                    ended February 29, 1997.           
                                                      
Exhibit 19.3        Distribution Date Statement       *    
                    for Collection Period             
                    ended March 31, 1997.                        

                               -14-
                                                      
<PAGE>
Exhibit 19.14       Prospectus dated January 30,      *
                    1992 relating to Series
                    1992-1 Certificates.

Exhibit 19.15       Prospectus dated May 11, 1992     *
                    relating to Series 1992-2
                    Certificates.

Exhibit 19.16       Prospectus dated July 26,         *
                    1994 relating to Series 1992-3
                    Certificates.

Exhibit 19.17       Prospectus dated August 1,        *
                    1995 relating to Series 1995-1
                    Certificates.
                                          
Exhibit 19.18       Prospectus dated February         *
                    12, 1996 relating to          
                    Series 1996-1                    
                    Certificates                  
                                               
Exhibit 19.19       Prospectus dated February         *
                    12, 1996 relating to           
                    Series 1996-2                     
                    Certificates                  
 
Exhibit 99          Selected Information relating     16 
                    to the Series 1992-1 Certificates,
                    the Series 1992-2 Certificates,
                    the Series 1994-1 Certificates, 
                    the Series 1995-1 Certificates, 
                    the Series 1996-1 Certificates 
                    and the Series 1996-2 Certificates.
                                                                
__________________
* Previously Filed                                    

                                 -15-
<PAGE>