7TH AMENDMENT OF OFFICE LEASE

     THIS 7TH AMENDMENT OF OFFICE LEASE ("7th Amendment") is
made  on June 7, 1999, between STEVENS CREEK ASSOCIATES,   a
California  general partnership, d/b/a TRIZECHAHN  PLAZA  OF
THE  AMERICAS MANAGEMENT, whose address is 700  North  Pearl
Street,  Suite  300, Dallas, Texas 75201  ("Landlord"),  and
AMRESCO,  INC.,  a  Delaware Corporation  ("Tenant"),  whose
address is 700 North Pearl Street, Suite 2400.

                          RECITALS

     A.   K-P  Plaza  Limited Partnership, a  Texas  limited
          partnership ("K-P Plaza"), and Tenant entered into an Office
          Lease Agreement dated February 9, 1996, ("Lease"), for
          premises consisting of approximately 125,279 rentable square
          feet on the entire 17th, 22nd, 23rd, 24th and 25th floors
          and a part of the 16th floor of the building located at 700
          North Pearl Street (the "North Tower") within  the
          development commonly known as the Plaza of the Americas
          ("Building"), Dallas, Texas and commonly, Collectively
          referred to as Suite 2400 ("Premises").

     B.   K-P  Plaza and Tenant amended the Lease  by  First
          Amendment to Office Lease dated July 17, 1996, Second
          Amendment to Lease Agreement dated May 27, 1997, and a Third
          Amendment to Lease Agreement dated September 22, 1997.

     C.   KAB Plaza Partners, L.P., a Texas limited partnership
          ("KAB Plaza"), successor-in-interest to K-P Plaza and Tenant
          further amended the Lease by a Lease Expansion and Fourth
          Amendment to Lease Agreement dated January 6, 1998, a Lease
          Expansion and Fifth Amendment to Lease Agreement dated March
          25, 1998, and a Lease Expansion and Sixth Amendment to Lease
          Agreement dated July 6, 1998 (Lease and Amendment(s)
          collectively, "Lease as amended").

     D.   Landlord is the successor in interest to KAB Plaza
          under the Lease as amended.

     E.   Landlord and Tenant desire to further amend the Lease
          as amended to (1) expand the Premises by an additional 1,455
          rentable square feet on the 21st floor of the North Tower
          and (2) adjust the rents and other charges to be paid.

     THEREFORE, in consideration of the mutual covenants and
     agreements  stated in the Lease as amended  and  below,
     and  for  other sufficient consideration  received  and
     acknowledged  by each party, Landlord and Tenant  agree
     to amend the Lease as amended as follows:

     1.   RECITALS. All recitals are fully incorporated.

     2.   LANDLORD'S ADDRESS. "Landlord's Address" as defined in
          "Basic Office Lease Information" of the Lease as amended
          shall be deleted and the following substituted therefore:
               TRIZECHAHN PLAZA OF THE AMERICAS MANAGEMENT
               700 North Pearl Street, Suite 300
               Dallas, Texas 75201
               Attention: Property Manager
               Fax: (214) 720-8005
               Telephone: (214) 720-8000

               With a copy to:
               TRIZECHAHN PLAZA OF THE AMERICAS MANAGEMENT
               C/O TrizecHahn Office Properties Inc.
               500 W. Madison Street, Suite 3650
               Chicago, Illinois 60661
               Attention: Sr. Vice President, Operations
               Fax: (312) 466-1710
               Telephone: (312) 466-3000

               And If Notice of Default, Copy to:
               TRIZECHAHN PLAZA OF THE AMERICAS MANAGEMENT
               C/O TrizecHahn Office Properties Inc.
               3011 West Grand Blvd., Suite 450
               Detroit, Michigan 48202
               Attn: Legal Counsel
               Fax: (313) 874-4788
               Telephone: (313) 874-4444

               And if for Payments:
               TRIZECHAHN PLAZA OF THE AMERICAS MANAGEMENT
               700 North Pearl Street, Suite 300
               Dallas, Texas 75201
               Attention: Property Manager
               Fax: (214) 720-8005
               Telephone: (214) 720-8000
               Or  such other place and/or person or  entity
               as Landlord may designate from time to time.

     3.   PREMISES EXPANSION. Effective as of March 1, 1999, (the
          "7th Expansion Commencement Date"), the Premises shall be
          expanded to include the 1,455 rentable square feet of area
          located on the 21st floor of the North Tower as shown
          hatched on the "7th EXPANSION SPACE FLOOR PLAN" attached and
          incorporated as Exhibit A(7a) to this 7th Amendment and
          commonly known as Suite 2120 ("7th Expansion Space"). Until
          the expiration of the 7th Expansion Lease Term (as defined
          below), the Premises shall encompass and be collectively
          described as "Suite 2400" on the 4th, 16th, 17th, 18th,
          19th, 21st, 22nd, 23rd, 24th and 25th floors of the Building,
          as shown hatched on the "7th AMENDMENT FLOOR PLAN" attached
          and incorporated as Exhibit A(7b) to this 7th Amendment for
          a total Premises of 200,542 rentable square feet.

     4.   EXPANSION SPACE LEASE TERM. The Lease Term  as  it
          pertains to the 7th Expansion Space shall commence on March
          1, 1999 and shall expire on February 29, 2000 ("7th
          Expansion Lease Term").

     5.   BASIC RENTAL, TENANT PROPORTIONATE SHARE, AND EXPENSE
          STOP. Effective during the 7th Expansion Lease Term and for
          the 7th Expansion Space only, Basic Rental, Tenant's
          Proportionate Share of Operating Expenses and Expense Stop
          shall be as follows:

          a.   The Basic Rental shall be as follows:

                             Rate per
                             Rentable        Annual Basic   Monthly Basic
       Period               Square Foot        Rental         Rental
3/1/99 through 4/29/2000     $19.00          $27,645.00     $2,303.75

          b.   "Tenant's Share of Operating Expenses" as defined in
            the Basic Office Lease Information shall be amended as
            follows:

          Tenant's
          Proportionate
          Share:          It  is stipulated and agreed  that
          for  all  purposes  under this 7th  Amendment, the
          Tenant's    Proportionate   Share    is    0.1392%
          (0.001392),  obtained by dividing  (a)  the  1,455
          rentable square feet in the 7th Expansion Space by
          (b)  the  1,045,551 rentable square  feet  in  the
          Buildings.  The  foregoing  numbers  of   rentable
          square  feet  are  stipulations  and  establish  a
          material  part  of  the  economic  basis  for  the
          execution  of  this 7th Amendment by Landlord  and
          shall not be adjusted unless the rentable area  of
          the 7th Expansion Space is increased or decreased.

          (c)  "Expense  Stop" as defined in  the  Basic
            Office  Lease  Information shall be  amended  as
            follows:

          Expense
          Stop:     1999 Basic Cost per rentable square foot.
                  Operating expanses for the  base  year  and
                  subsequent  years will be adjusted to reflect
                  an occupancy level of 95%.

          (d)  The first sentence of Article 4, Section (e) of the
            Office Lease shall read as follows:

                e.  Adjustments to Electrical Costs. With respect to any
            calendar year or partial calendar year, the Electrical Costs
            for such period shall, for the purposes hereof, be increased
            to the amount which would have been incurred had the
            Buildings been occupied to the extent of ninety-five percent
            (95%) of the rentable area thereof.

          (e)  Paragraph (d) of Exhibit C to the Lease as amended
            shall be amended to read as follows:

               (d)  With  respect  to any calendar  year  or
               partial  calendar year, the  Basic  Cost  for
               such  period shall, for the purposes  hereof,
               be  increased to the amount which would  have
               been incurred had the Buildings been occupied
               to the extent of ninety-five percent (95%) of
               the rentable area thereof.

     6.   DELIVERY OF 7TH EXPANSION SPACE. Tenant acknowledges
          and agrees that Tenant will accept the 7th Expansion Space
          in an "as is" condition, and that, as of the date of this
          7th Amendment, the 7th Expansion Space is in good order and
          satisfactory condition. No promises to alter, remodel or
          improve the 7th Expansion Space, Premises or Building and no
          representations concerning the condition of the 7th
          Expansion Space, Premises or Building have been made by
          Landlord to Tenant other than as may be expressly stated in
          the Lease as amended (including this 7th Amendment) and any
          tenant improvements constructed therein by Tenant will be
          subject to all terms and provisions of the lease as amended
          including, without limitation, the provisions of Section
          8 ("Improvements; Alterations; Repairs; Maintenance.").

     7.   AMENDMENT TO ARTICLE 4, ("RENT"). Article 4 of the
          Lease as amended shall be amended by adding the following
          new Subsection (g) at the end thereof:

          (f)  The foregoing notwithstanding, Tenant shall, at its
            sole cost and expense, have the right to install additional
            air conditioning units and/or air handling equipment for the
            Premises, and draw additional power, if available, or bring
            in additional power to the Premises for Tenant's own use,
            provided any such installation or providing of additional
            power shall (a) comply with applicable law and (b) otherwise
            be in compliance with the terms and conditions of this Lease
            as amended, including, but not limited to, the provisions of
            Article 7 ("Landlord's Obligations"), Article  8
            ("Improvements; Alterations; Repairs, Maintenance") and
            Article 13 ("Rules and Regulations").

     8.   PARKING. During the 7th Expansion Lease Term, Tenant or
          persons designated by Tenant shall have the right (but not
          the obligation) to rent in the Garage on an unreserved and
          non-exclusive basis one (1) additional parking space in the
          Garage. The rent for such parking space shall be the rate
          from time to time designated by Landlord as standard for the
          Building, which, on the execution date of the 7th Amendment,
          is $115.00. Landlord shall provide Tenant at lease thirty
          (30) days' notice of any change in the parking rates at the
          Garage and the giving of such notice shall be deemed an
          amendment to this 7th Amendment and Tenant shall thereafter
          pay the adjusted rent. All payments of rent for parking
          spaces shall be made (a) at the same time as Basic Rental is
          due under the Lease as amended and (b) to Landlord or to
          such persons (for example but without limitation, the
          manager of the Garage) as Landlord may direct from time to
          time.

     9.   OFFICE SPACE LICENSE AGREEMENTS. Landlord and Tenant
          acknowledge that two prior license agreements were entered
          into for additional office space for Tenant in the Building:
          (a) Office Space License Agreement dated January 6, 1998 by
          and between K-P Plaza and Tenant for premises consisting of
          approximately 3,589 rentable square feet of area and
          commonly known as for Suite 2170/2160 in the North Tower of
          the Building and (b) Office Space License Agreement dated
          April 1, 1998 by and between KAB Plaza and Tenant for
          premises consisting of approximately 6,189 rentable square
          feet of area and commonly known as for Suite 510 in the
          North Tower of the Building. Landlord and Tenant acknowledge
          and agree that both license agreements have expired and are
          of no further force or affect and that Landlord and its
          predecessors-in-interest, K-P Plaza and KAB Plaza, as
          lessors, and Tenant, as lessee, have fully performed their
          respective obligations thereunder.

     10.  CONFLICTING PROVISIONS. If any provisions of this 7th
          Amendment conflict with any of those of the Lease as
          amended, then the provisions of this 7th Amendment shall
          govern.

     11.  REMAINING LEASE PROVISIONS. Except as stated in this
          7th Amendment, all other viable and applicable provisions of
          the Lease as amended shall remain unchanged and continue in
          full force and effect throughout the Lease Term.

     12.  BINDING EFFECT. Landlord and Tenant ratify and confirm
          the Lease as amended and agree that this 7th Amendment shall
          bind and inure to the benefit of the parties, and their
          respective successors, assigns and representatives as of the
          date first stated.

AFFIRMING  THE  ABOVE, the parties have  executed  this  7th
AMENDMENT OF OFFICE LEASE on the date first stated.

WITNESSES                     LANDLORD
                              STEVENS CREEK ASSOCIATES
                              By:  //Antonio A. Bismonte
                                   Antonio A. Bismonte
                                   Senior Vice President

                              By:  //Donald R. Brown
                                   Donald R. Brown
                                   Senior Vice President

                              TENANT
                              AMRESCO, INC.

                              By:   //Derek Nash
                              Name:   Derek Nash
                              ITS:    Vice President, Facilities