SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (date of earliest event reported):  April 15, 1998

                      COUNTRYWIDE  HOME EQUITY LOAN TRUST 1998-A               
(Exact name of registrant as specified in its charter)


          CALIFORNIA      	333-11095			36-7229694
(State or Other Jurisdiction	(Commission File		(I.R.S. Employer
 of Incorporation)	 Number)			 Identification No.)

c/o The First National Bank of Chicago.
Corporate Trust Services Division - 9th floor
1 N. State Street, Chicago IL						60670-0126
(Address of Principal Executive Offices)				(Zip Code)



Registrant's telephone number, including area code:		312/407-1902




Item 5.	Other Events

On behalf of Countrywide Home Equity Loan Trust 1998-A, a Trust 
created pursuant to the Pooling Agreement, dated February 20, 1998, by The 
First National Bank of Chicago, as trustee for the Trust, the Trustee 
has caused to be filed with the Commission, the Monthly Report dated  
April 15, 1998.  The Monthly Report is filed pursuant to and in 
accordance with (1) numerous no-action letters (2) current Commission policy
in the area.  The filing of the Monthly Report will occur subsequent to each 
monthly distribution to the holders of the Trust's Investor Certificates,
Due
March 15, 2024.

A.	Monthly Report Information:
Aggregate distribution information for the current distribution date
April 15, 1998.

Principal		Interest	Ending Balance

Cede & Co.$ 793,483.65 $ 1,201,766.67 $154,206,516.35

B.	No delinquency in payment under the Transferor Certificate, or the 
Financial Guaranty Insurance Policy has occurred.

C.	Have any deficiencies occurred?  NO.
Date:
Amount:

D.	Were any amounts paid or are any amounts payable under the Financial 
Guaranty Insurance Policy?  NO
Amount:

E.	Are there any developments with respect to the Ambac Certificate 
 Guaranty Insurance Policy?  NONE.

F.	Item 1:  Legal Proceedings:  NONE

G.	Item 2:  Changes in Securities:  NONE

H.	Item 4:  Submission of Matters to a Vote of Security Holders:  NONE

I.	Item 5:  Other Information - Items 1, 2, 4, 5 if applicable:  NOT APPLICABLE




Item 7.	Monthly Statements and Exhibits
Exhibit No.
1  Monthly Statement to Certificateholders dated April 15,1998

						
Statement to Certificateholders (Page 1 of 2)						
								
Distribution Date:		4/15/98 
								
INVESTOR CERTIFICATES DISTRIBUTION SUMMARY 
(PER $1000 ORIGINAL PRINCIPAL AMOUNT)					
								
A.	INTEREST & PRINCIPAL DISTRIBUTIONS TO INVESTORS					
Investor Certificate Interest Distributed					7.753333 
Investor Certificate Interest Shortfall Distributed					0.000000 
Remaining Unpaid Investor Certificate Interest Shortfall					0.000000 
								
Managed Amortization Period ? (Yes=1; No=0)					1
Investors Certificate Principal Distributed					5.119249 
 Principal Distribution Amount					5.119249 
Maximum Principal Payment					55.350013 
Alternative Principal Payment					5.119249 
Principal Collections less Additional Balances					5.119249 
Investor Loss Amount Distributed to Investors					0.000000 
Accelerated Principal Distribution Amount					0.000000 
Credit Enhancement Draw Amount					0.00 
					
Total Amount Distributed to Certificateholders (P & I)					12.872583 
								
B.	INVESTOR CERTIFICATE PRINCIPAL BALANCE					
Beginning Investor Certificate Balance					"155,000,000.00 "
Ending Investor Certificate Balance					"154,206,516.35 "
Beginning Invested Amount					"155,000,000.00 "
Ending Invested Amount					"154,206,516.35 "
Investor Certificateholder Floating Allocation Percentage					98.5000% 
Pool Factor					0.9948808 
Liquidation Loss Amount for Liquidated Loans					0.00 
Unreimbursed Liquidation Loss Amount					0.00 
							
C.	POOL INFORMATION					
Beginning Pool Balance					"157,360,406.09 "
Ending Pool Balance					"156,566,922.44 "
Servicer Removals form the Trust (Section 2.06)					0.00 
Servicing Fee					"65,566.84 "
								
D.	INVESTOR CERTIFICATE RATE					
Investor Certificate Rate					5.815000% 
LIBOR Rate					5.625000% 
Maximum Rate					5.966301% 
								
E.	DELINQUENCY & REO STATUS					
Delinquent 30-59 days					
   No. of Accounts					10 
   Trust Balances					"239,421.91 "
Delinquent 60-89 days					
   No. of Accounts					0 
  Trust Balances					0.00 
Delinquent 90+ days					
   No. of Accounts					1 
   Trust Balances					"31,492.11 "
Delinquent 9+ Months					
    No. of Accounts					0 
   Trust Balances					0 
REO					
    No. of Accounts					0 
   Trust Balances					0.00 
								
								
								
								
Statement to Certificateholders (Page 2 of 2)						
								
Distribution Date:						4/15/98 
								
"IN WITNESS WHEREOF, the undersigned has caused this
 Certificate to be duly executed"					
		"this 9th day of April, 1998"					
								
								
Countrywide Home Loans Formerly Known as Countrywide
 Funding Corporation 					
			       as Servicer					
								
			       _______________________________________					
								
			        Sam Ilagan					
			        Vice-President					
Distribution List:																			
																								
Barbara Grosse - First National Bank of Chicago																								
   Peter Cerwin - Merrill Lynch																								
   Lisa Fitzpatrick - Merrill Lynch																								
Lupe Montero - Countrywide Home Loans																								
Richard Marron - Countrywide Home Loans																								
Dave Walker - Countrywide Home Loans																					
SIGNATURES


Pursuant to the requirements 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.



COUNTRYWIDE HOME EQUITY LOAN TRUST 1998-A



By  _______________________________________
Name:		Barbara G. Grosse
Title:		Vice President

Dated: April 30, 1998