<PAGE>



EquiCredit 
Corporation



                 Servicer's ANNUAL STATEMENT AS TO COMPLIANCE
                   Series EQCC Home Equity Loan Trust 1997-1
                   Series EQCC Home Equity Loan Trust 1997-2
                   Series EQCC Home Equity Loan Trust 1997-3
                     Series EquiCredit Funding Trust 1997-A
                     Series EquiCredit Funding Trust 1997-B
 


    	I, Gloria J. Roberts, Vice President of EquiCredit Corporation of America 
and a responsible officer as defined in the Pooling and Servicing Agreements 
dated as of March 1, 1997 for Series EQCC Home Equity Loan Trust 1997-1; 
June 1, 1997 for Series EQCC Home Equity Loan Trust 1997-2; September 1, 1997 
for Series EQCC Home Equity Loan Trust 1997-3; April 1, 1997 for Series 
EquiCredit Funding Trust 1997-A and September 1, 1997 for Series EquiCredit 
Funding Trust 1997-B (collectively the "Agreements" ) by and among U.S. Bank 
National Association f/k/a First Bank National Association ("Trustee") and 
EquiCredit Corporation of America, (the "Representative" and "Servicer") and 
the Depositors listed in the Agreements  (the "Depositors") in such capacity 
hereby certify:

   	(i)	 The Servicer has fully complied with the provisions of Articles V and 
         VII of the Agreements, and,

   	(ii)	 a review of the activities of the Servicer during the preceding year 
          ended December 31, 1997 and its performance under the Agreements has 
          been made under my supervision, and 

   	(iii)	to the best of my knowledge, based on such review, the Servicer 
          has fulfilled all its obligations under the Agreements throughout 
          such preceding year.

 
	                                   					EQUICREDIT CORPORATION OF AMERICA
                               				     	Representative and Servicer for
                                	     			EQCC Home Equity Loan Trust 1997-1
                                   						EQCC Home Equity Loan Trust 1997-2
                                   						EQCC Home Equity Loan Trust 1997-3
                                   						EquiCredit Funding Trust 1997-A
                                   						EquiCredit Funding Trust 1997-B


                                   						By: /s/  Gloria J. Roberts
                                             ----------------------
                                   						Gloria J. Roberts, Vice President
						
Dated:  March 31, 1998
----------------------
                                                                  Exhibit 99.1
                                                                   Page 1 of 1
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                             Arthur Andersen LLP

            REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS




To the Stockholder of 
EquiCredit Corporation:

We have examined management's assertion about EQUICREDIT CORPORATION's (a 
Delaware corporation and wholly owned subsidiary of Barnett Banks, Inc.) AND 
SUBSIDIARIES' compliance with 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 letter.  Management is 
responsible for the Company's compliance with those minimum servicing 
standards and for maintaining a fidelity bond and errors and omissions policy.
Our responsibility is to express an opinion on management's assertion about 
the Company's compliance with the minimum servicing standards and maintenance 
of a fidelity bond and errors and omissions policy based on our examination.

Our examination was made in accordance with standards established by the 
American Insitute of Certified Public Accountants and, accordingly, included 
examining, on a test basis, evidence about the Company's compliance with 
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 of the Company's compliance with the minimum servicing 
standards.

In our opinion, management's assertion that EquiCredit Corporation and 
subsidiaries complied with the aforementioned minimum servicing standards as 
of and for the year ended December 31, 1997 is fairly stated in all material 
respects.



By: /s/ Arthur Andersen LLP	

Jacksonville, Florida
March 6, 1998

                                                 																	Exhibit 99.2
                                                                   page 1 of 2
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EquiCredit 
Corporation


March 6, 1998



Arthur Andersen LLP
50 N. Laura Street
Suite 2700
Jacksonville, Florida 32202

As of and for the period from January 1, 1997 through December 31, 1997, 
EquiCredit Corporation and Subsidiaries have 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, EquiCredit Corporation and 
--------
Subsidiaries had in effect a fidelity bond and errors and omissions policy in 
the amount of $100,000,000.



                        							By: /s/ Rodolfo F. Engmann
                                   ----------------------   
                           								    Rodolfo F. Engmann
                           								    President /Chief Executive Officer				
			 

                        							By: /s/ Charles E. Cauthen, Jr.							
                                   ---------------------------
                                       Charles E. Cauthen, Jr.
                             							   Senior Finance Executive -	NationsBank
								    
								    
                         						By: /s/ Jesse K. Bray						
                                   -----------------   
                            								   Jesse K. Bray									
           			                         Senior Vice President/Chief Financial 
                                       Officer									


                                                                  Exhibit 99.2
                                                                   page 2 of 2