Exhibit 99.3
Bankers Trust Company
                                
              AMRESCO Residential Securities Corp.
                          Series 1996-3
                     1996 - Annual Statement
                                
                       DISTRIBUTION DOLLARS
                                                              ENDING
 PERIOD    CLASS      CUST      INTEREST    PRINCIPAL         BALANCE
 199607     A-1    03215PAJ8   $383,156.88    $888,357.66  $70,003,642.34
 199608     A-1    03215PAJ8   $345,195.74  $2,379,319.85  $67,624,322.49
 199609     A-1    03215PAJ8   $310,860.56  $1,510,849.70  $66,113,472.79
 199610     A-1    03215PAJ8   $309,080.49  $1,317,351.11  $64,796,121.68
 199611     A-1    03215PAJ8   $306,044.68  $2,335,622.85  $62,460,498.83
 199612     A-1    03215PAJ8   $295,013.08  $1,366,887.71  $61,093,611.12
 Total by Class              $1,949,351.43  $9,798,388.87             
                                                                  
 199607     A-2    03215PAK5   $158,118.33       $0.00  $27,106,000.00
 199608     A-2    03215PAK5   $158,118.33       $0.00  $27,106,000.00
 199609     A-2    03215PAK5   $158,118.33       $0.00  $27,106,000.00
 199610     A-2    03215PAK5   $158,118.33       $0.00  $27,106,000.00
 199611     A-2    03215PAK5   $158,118.33       $0.00  $27,106,000.00
 199612     A-2    03215PAK5   $158,118.33       $0.00  $27,106,000.00
 Total by Class                $948,709.98       $0.00             
                                                            
 199607     A-3    03215PAL3   $207,721.50       $0.00  $34,146,000.00
 199608     A-3    03215PAL3   $207,721.50       $0.00  $34,146,000.00
 199609     A-3    03215PAL3   $207,721.50       $0.00  $34,146,000.00
 199610     A-3    03215PAL3   $207,721.50       $0.00  $34,146,000.00
 199611     A-3    03215PAL3   $207,721.50       $0.00  $34,146,000.00
 199612     A-3    03215PAL3   $207,721.50       $0.00  $34,146,000.00
 Total by Class              $1,246,329.00       $0.00             
                                                                  
 199607     A-4    03215PAM1   $106,201.06       $0.00  $17,049,000.00
 199608     A-4    03215PAM1   $106,201.06       $0.00  $17,049,000.00
 199609     A-4    03215PAM1   $106,201.06       $0.00  $17,049,000.00
 199610     A-4    03215PAM1   $106,201.06       $0.00  $17,049,000.00
 199611     A-4    03215PAM1   $106,201.06       $0.00  $17,049,000.00
 199612     A-4    03215PAM1   $106,201.06       $0.00  $17,049,000.00
 Total by Class                $637,206.36       $0.00             
                                                                  
 199607     A-5    03215PAN9   $142,355.25       $0.00  $22,626,000.00
 199608     A-5    03215PAN9   $142,355.25       $0.00  $22,626,000.00
 199609     A-5    03215PAN9   $142,355.25       $0.00  $22,626,000.00
 199610     A-5    03215PAN9   $142,355.25       $0.00  $22,626,000.00
 199611     A-5    03215PAN9   $142,355.25       $0.00  $22,626,000.00
 199612     A-5    03215PAN9   $142,355.25       $0.00  $22,626,000.00
 Total by Class                $854,131.50       $0.00             
                                                                  
 199607     A-6    03215PAP4   $176,249.06       $0.00  $26,857,000.00
 199608     A-6    03215PAP4   $176,249.06       $0.00  $26,857,000.00
 199609     A-6    03215PAP4   $176,249.06       $0.00  $26,857,000.00
 199610     A-6    03215PAP4   $176,249.06       $0.00  $26,857,000.00
 199611     A-6    03215PAP4   $176,249.06       $0.00  $26,857,000.00
 199612     A-6    03215PAP4   $176,249.06       $0.00  $26,857,000.00
 Total by Class              $1,057,494.36       $0.00             
                                                                  
 199607     A-7    03215PAQ2   $176,337.81       $0.00  $26,205,000.00
 199608     A-7    03215PAQ2   $176,337.81       $0.00  $26,205,000.00
 199609     A-7    03215PAQ2   $176,337.81       $0.00  $26,205,000.00
 199610     A-7    03215PAQ2   $176,337.81       $0.00  $26,205,000.00
 199611     A-7    03215PAQ2   $176,337.81       $0.00  $26,205,000.00
 199612     A-7    03215PAQ2   $176,337.81       $0.00  $26,205,000.00
 Total by Class              $1,058,026.86       $0.00             
                                                                  
 199607     A-8    03215PAR0   $237,496.32    $377,635.54  $41,818,364.46
 199608     A-8    03215PAR0   $214,760.53  $1,193,772.86  $40,624,591.60
 199609     A-8    03215PAR0   $194,532.55  $1,101,622.27  $39,522,969.33
 199610     A-8    03215PAR0   $192,345.12    $868,125.72  $38,654,843.61
 199611     A-8    03215PAR0   $190,230.15  $1,134,631.47  $37,520,212.14
 199612     A-8    03215PAR0   $184,646.34    $853,713.62  $36,666,498.52
 Total by Class              $1,214,011.01  $5,529,501.47             
                                                                  
 199607     B-IO   AO9630101        $0.00       $0.00        $0.00
 199608     B-IO   AO9630101        $0.00       $0.00        $0.00
 199609     B-IO   AO9630101        $0.00       $0.00        $0.00
 199610     B-IO   AO9630101        $0.00       $0.00        $0.00
 199611     B-IO   AO9630101        $0.00       $0.00        $0.00
 199612     B-IO   AO9630101        $0.00       $0.00        $0.00
 Total by Class                     $0.00       $0.00             
                                                                  
 199610      R     AO9630102        $0.00       $0.00        $0.00
 199611      R     AO9630102        $0.00       $0.00        $0.00
 199612      R     AO9630102        $0.00       $0.00        $0.00
 Total by Class                     $0.00       $0.00