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, 1997
-------- 
 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, 1997
 is fairly stated, in all material respects.
 
 
 Deloitte & Touche LLP

 March 4, 1998
                         PAGE 8

<PAGE>                                   
              UNITED COMPANIES LENDING CORPORATION 
                          (LETTERHEAD)
  
As of and for the year ended December 31, 1997, 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
$4,000,000, respectively.

 


/s/ J. TERRELL BROWN                  3/4/98                
------------------------------------  -------------          
J. Terrell Brown                      Date
Chairman and Chief Executive Officer          



/s/ DALE QUICK                        3/4/98
------------------------------------  -------------
Dale Quick
Senior Vice President and
Servicing Manager


/s/ J. MILLER MURREY                  3/4/98
------------------------------------  -------------
J. Miller Murrey                      Date
Vice President and Controller

                            PAGE 9