10-K/A

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-K/A
                                 Amendment No. 2


(Mark One)

| x |   ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 1996

|   |   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Commission File No.:  033-96500-01

                   Equicon Mortgage Loan Trust, Series 1995-2
             (Exact name of registrant as specified in its charter)

New York (governing law of pooling and servicing agreement)
State or other jurisdiction of incorporation or organization)

52-1962412, 52-1962413
(I.R.S. Employer Identification No.)

c/o Norwest Bank Minnesota, N.A.
11000 Broken Land Parkway
Columbia, MD                                     21044
(Address of principal executive                 (Zip Code)
offices)

Registrant's telephone number, including area code (410) 884-2000

Securities registered pursuant to Section 12(b) of the Act:  NONE

Securities registered pursuant to Section 12(g) of the Act:  NONE

     Indicate  by check mark  whether the  registrant  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days.

Yes    X                No



This Amendment No. 2 on Form 10-K/A amends Item 14 of the original Annual Report
on Form 10-K (the "Original Form 10-K") filed on March 26, 1997, by Norwest Bank
Minnesota,  N.A. (the "Reporting  Person"),  on behalf of Equicon  Mortgage Loan
Trust, Series 1995-2 (the "Trust"),  established pursuant to a Pooling Agreement
(the "Pooling  Agreement")  among Cargill  Financial  Services  Corporation,  as
Sponsor, (the "Sponsor"),  Equicon Corporation,  as Seller,  (the "Seller"), and
Norwest Bank Minnesota,  N.A., as Trustee,  ( the "Trustee"),  pursuant to which
the Equicon Mortgage Loan Trust,  Series 1995-2,  certificates  registered under
the  Securities  Act of 1933 (the  "Certificates")  were issued.  Item 14 of the
Original Form 10-K is amended to read in its entirety as follows:

Item 14.  Exhibits, Financial Statement Schedules, and Reports on Form 8-K.

     (a)  Exhibits

          99.1 Annual Report of  Independent  Public  Accountants'  as to master
               servicing activities or servicing activities as applicable:

                   (a)  Electronic Data Systems Corp., as Servicer
                   (b)  LSI Financial Group, as Servicer

          99.2 Management Assertion Letter:

                   (a)  Electronic Data Systems Corp., as Servicer
                   (b)  LSI Financial Group, as Servicer

          99.3 Annual  Statements  of  Compliance  with  obligations  under  the
               Pooling Agreement or servicing agreement, as applicable, of:

                   (a) Electronic Data Systems Corp., as Servicer
                   (b) LSI Financial Group, as Servicer

     (b) On October 3, 1996, November 1, 1996, and December 17, 1996 a report on
         Form 8-K was filed in order to provide the  statements  for the monthly
         distributions to holders of the Certificates. No other  reports on Form
         8-K have been filed during the last  quarter  of the period  covered by
         this report.

     (c) Omitted.

     (d) Omitted.

 Previously Filed.

 Filed herewith.






                                    SIGNATURE

     Pursuant  to the  requirements  of  Section  13 or 15(d) of the  Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized:


                   Equicon Mortgage Loan Trust, Series 1995-2


                        By: Norwest Bank Minnesota, N.A.,
                            as Trustee

                       By: /s/ Sherri J. Sharps
                       By: Sherri J. Sharps
                    Title: Vice  President
                    Dated: October 1, 1997



                                  EXHIBIT INDEX

          Exhibit No.

          99.1 Annual Report of  Independent  Public  Accountants'  as to master
               servicing activities or servicing activities as applicable:

                   (a)  Electronic Data Systems Corp., as Servicer
                   (b)  LSI Financial Group, as Servicer

          99.2 Management Assertion Letter:

                   (a)  Electronic Data Systems Corp., as Servicer
                   (b)  LSI Financial Group, as Servicer

          99.3 Annual  Statements  of  Compliance  with  obligations  under  the
               Pooling Agreement or servicing agreement, as applicable, of:

                   (a) Electronic Data Systems Corp., as Servicer
                   (b) LSI Financial Group, as Servicer


 Previously Filed.

 Filed herewith.

EX-99.2(B)

                                                                       (logo)LSI
                                                                 FINANCIAL GROUP



As of and for the year ended December 31, 1996, LSI Financial Group 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  year,  LSI  Financial  Group had in
effect a  fidelity  bond and  errors  and  omissions  policy  in the  amount  of
$5,000,000,



/s/Bob Whisnant
Bob Whisnant, V.P, of Finance

8-1-97
Date



                                                            17500 Chenal Parkway
                                                                       Suite 200
                                               Little Rock, Arkansas 72211-9131

EX-99.3(A)

April 25,1997                                                          (Logo)EDS



                       Consumer Asset Management Division
                     of Electronic Data Systems Corporation
                        Annual Statement as to Compliance



The  management of the Consumer  Asset  Management  Division of Electronic  Data
Systems  Corporation has reviewed the activities of the Division during the year
ended  December 31, 1996 and of the  performance  under the Servicing  Agreement
relating to Equicon  Mortgage Loan Trust 1995-2,  dated October 1, 1995 has been
made  under  my  supervision,  and to the  best of my  knowledge,  based on such
review,  the  Consumer  Asset  Management  Division of  Electronic  Data Systems
Corporation  has fulfilled all its  obligations  under the Pooling and Servicing
Agreement relating to Equicon Mortgage Loan Trust 1995-2,  dated October 1, 1995
for the year ended December 31, 1996.


/s/Mark S. O'Bryan
Mark S. O'Bryan
Chief Operating Officer
Consumer Asset Managtement Division



                                              Consumer Asset Management Division
                                              190 South Warner Road
                                              Wayne, Pennsylvania 19087-2127
                                              (610) 989-1000
                                              Fax:(610) 975-3665