TAMPA, Fla., Jan. 30 /PRNewswire/ --  The IMC Mortgage Company
(Nasdaq: IMCC)("IMC") Board of Directors declared a two-for-one stock split on
January 27, 1997, payable in the form of a 100% stock dividend, doubling the
number of shares outstanding.  The stock dividend is payable on February 13,
1997 to shareholders of record on February 6, 1997.
    IMC Mortgage Company is a Tampa-based specialty consumer finance company
engaged in purchasing, originating, servicing and selling home equity loans
secured primarily by first liens on one-to-four family residential properties.

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