Exhibit 99.3
Bankers Trust Company

              AMRESCO Residential Securities Corp.
                          Series 1996-4
                     1996 - Annual Statement
                       DISTRIBUTION DOLLARS
                                                           ENDING
PERIOD     CLASS      CUST     INTEREST      PRINCIPAL     BALANCE
 199609      A1    03215PAS8   $46,044.08   $396,391.92  $8,766,608.08
 199610      A1    03215PAS8   $44,052.21   $560,426.56  $8,206,181.52
 199611      A1    03215PAS8   $41,236.06   $633,747.75  $7,572,433.77
 199612      A1    03215PAS8   $38,051.48   $594,109.83  $6,978,323.94
 Total by Class               $169,383.83 $2,184,676.06             
                                                                  
 199609      A2    03215PAT6  $118,906.67   $770,338.19  $21,629,611.81
 199610      A2    03215PAT6  $114,817.19         $0.00  $21,629,611.81
 199611      A2    03215PAT6  $114,817.19   $780,261.38  $20,849,350.43
 199612      A2    03215PAT6  $110,675.30   $668,495.88  $20,180,854.55
 Total by Class               $459,216.35 $2,219,145.45             
                                                                  
 199609      A3    03215PAU3   $100,466.67      $0.00  $17,600,000.00
 199610      A3    03215PAU3   $100,466.67      $0.00  $17,600,000.00
 199611      A3    03215PAU3   $100,466.67      $0.00  $17,600,000.00
 199612      A3    03215PAU3   $100,466.67      $0.00  $17,600,000.00
 Total by Class                $401,866.68      $0.00             
                                                                  
 199609      A4    03215PAV1   $64,464.58       $0.00  $10,670,000.00
 199610      A4    03215PAV1   $64,464.58       $0.00  $10,670,000.00
 199611      A4    03215PAV1   $64,464.58       $0.00  $10,670,000.00
 199612      A4    03215PAV1   $64,464.58       $0.00  $10,670,000.00
 Total by Clss                $257,858.32       $0.00             
                                                                  
 199609      A5    03215PAW9   $82,966.67       $0.00  $13,100,000.00
 199610      A5    03215PAW9   $82,966.67       $0.00  $13,100,000.00
 199611      A5    03215PAW9   $82,966.67       $0.00  $13,100,000.00
 199612      A5    03215PAW9   $82,966.67       $0.00  $13,100,000.00
 Total by Class               $331,866.68       $0.00             
                                                                  
 199609   A6    03215PAX7  $1,057,343.90  $2,790,428.00  $235,355,572.00
 199610   A6    03215PAX7  $1,139,513.23  $6,199,299.33  $229,156,272.67
 199611   A6    03215PAX7  $1,121,815.44  $5,554,454.49  $223,601,818.18
 199612   A6    03215PAX7  $1,094,624.07  $6,134,713.94  $217,467,104.24
 Total by Class            $4,413,296.64 $20,678,895.75             
                                                                  
 199609     B-IO   AO9640101       $0.00        $0.00        $0.00
 199610     B-IO   AO9640101       $0.00        $0.00        $0.00
 199611     B-IO   AO9640101       $0.00        $0.00        $0.00
 199612     B-IO   AO9640101       $0.00        $0.00        $0.00
 Total by Class                    $0.00        $0.00             
                                                                  
 199609      R     AO9640102       $0.00        $0.00        $0.00
 199610      R     AO9640102       $0.00        $0.00        $0.00
 199611      R     AO9640102       $0.00        $0.00        $0.00
 199612      R     AO9640102       $0.00        $0.00        $0.00
 Total by Class                    $0.00        $0.00