REPORT OF INDEPENDENT ACCOUNTANTS


To the Board of Directors and Stockholder
of Residential Funding Corporation:


We have examined management's  assertion about Residential Funding Corporation's
(the "Company")  compliance with the minimum servicing  standards  identified in
their role as Master  Servicer as of and for the year ended  December  31, 2003,
included in the accompanying  management assertion.  Such assertion was examined
relating to those  mortgage  loans included in the listing of mortgage loans and
series  of  certificates  included  in  the  attached  Exhibit  1.  Our  testing
procedures were applied only to the series of certificates serviced on or before
September 20, 2003. Direct servicing  functions are performed by various primary
servicers  and  subservicers.   Management  is  responsible  for  the  Company's
compliance with these minimum  servicing  standards.  Our  responsibility  is to
express an opinion on  management's  assertion  about the  Company's  compliance
based on our examination.

Our examination was made in accordance with attestation standards established by
the  American  Institute  of  Certified  Public  Accountants  and,  accordingly,
included  examining,  on a test basis,  evidence about the Company's  compliance
with the minimum servicing  standards and performing such other procedures as we
considered  necessary  in the  circumstances.  Loans and series of  certificates
subject  to  such   procedures  were  selected  using  sampling   methods,   and
accordingly,  we make no  representation  that our  examination  procedures were
performed  on a  specific  series  of loans of  certificates  as  listed  in the
attached Exhibit 1. We believe that our examination  provides a reasonable basis
for our opinion.  Our examination does not provide a legal  determination on the
Company's compliance with the minimum servicing standards.

In our  opinion,  management's  assertion  that the  Company  complied  with the
aforementioned minimum servicing standards as of and for the year ended December
31, 2003 is fairly stated, in all material respects.



February 20, 2004


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                  MANAGEMENT'S ASSERTION CONCERNING COMPLIANCE
                      WITH USAP MINIMUM SERVICING STANDARDS


March 22, 2004

PricewaterhouseCoopers LLP
650 Third Avenue South
Suite 1300
Minneapolis, MN 55402


As of and for the year ended December 31, 2003,  Residential Funding Corporation
("RFC")  has  complied  in all  material  respects  with our  minimum  servicing
standards  set forth  below for those loans  serviced  for others  under  master
servicing  arrangements.  Direct  servicing  functions  are performed by various
primary servicers and subservicers.

Our minimum standards are:


I.      CUSTODIAL BANK ACCOUNTS

A.   Reconciliations shall be prepared on a monthly basis for all custodial bank
     accounts and related bank clearing accounts. These reconciliations shall:

     1)   Be mathematically accurate.

     2)   Be prepared within thirty (30) calendar days after the cutoff date.

     3)   Be reviewed and approved by someone other than the person who prepared
          the reconciliation, and document explanation for reconciling items.

     4)   These  reconciling items shall be resolved within ninety (90) calendar
          days of their original identification.


<PAGE>

B.   Each custodial and escrow account as maintained by the master  servicer and
     subservicer  shall be  maintained  in an eligible  account in trust for the
     applicable  certificateholders  as  prescribed  by  applicable  pooling and
     servicing agreements.

C.   Funds shall be advanced by the master servicer, the primary servicer or the
     subservicer,  as required by applicable pooling and servicing agreements in
     accordance  with the  amortization  schedule of each mortgage  loan, or for
     overdrafts in the mortgagers escrow accounts.


II.     SUBSERVICER REMITTANCES

A.   Remittances  for  mortgage  payments  and  payoffs  received  from  primary
     servicers or subservicers  shall be deposited into the applicable  investor
     custodial bank account within one business day of receipt.

B.   Remittances from primary  servicers or subservicers  shall be reconciled to
     applicable mortgager records during the appropriate accounting cycle.

C.   Reconciliations  shall be performed  monthly for each primary  servicer and
     subservicer remittance. These reconciliations shall:

     1)   Be mathematically accurate.

     2)   Be prepared within thirty (30) calendar days after the cutoff date.


III.    DISBURSEMENTS

A.   Disbursements  to investors shall be made in accordance with the applicable
     pooling and servicing agreements and/or the prospectus  indicating how cash
     flows are to be allocated.

B.   Amounts remitted to investors per our investor reports shall agree with the
     custodial bank statements.

C.   Only  permitted  withdrawals  per  the  applicable  pooling  and  servicing
     agreements    shall   be   made   from   the    custodial    accounts   for
     certificateholders.

D.   Disbursements  of investor funds from custodial  accounts via wire transfer
     shall be made only by authorized personnel.



<PAGE>

IV. INVESTOR ACCOUTNING AND REPORTING

A.   Statements  to the  certificateholders  shall  be made  with  each  monthly
     distribution in accordance with applicable pooling and servicing agreements
     detailing  the  applicable  distribution  activity and effect on the unpaid
     principal balance of the mortgage loans.


V. MORTGAGOR ACCOUNTING

A.   Uniform Single Attestation  Program reports from external primary servicers
     or subservicers will be obtained and reviewed to provide a basis in meeting
     our minimum servicing standards.

B.   Mortgage  loan records shall agree with, or reconcile to, the mortgage loan
     records maintained by the primary servicers or subservicers with respect to
     unpaid principal balance on a monthly basis.


VI. DELINQUENCIES

A.   Reports from primary  servicers  and  subservicers  identifying  delinquent
     loans shall be received and reviewed  monthly.  Reports  shall be made with
     each  distribution  to  certificateholders  as to the number and  aggregate
     principal  balances of delinquent  mortgage loans, based on the most recent
     reports furnished by the primary servicers and subservicers.


VII. INSURANCE POLICIES

A.   As of and for this same  period,  RFC had in effect a fidelity  bond in the
     amount of  $150,000,000  and a  mortgage  impairment/mortgages  errors  and
     omissions  and  professional  liability  insurance  policy in the amount of
     $100,000,000.

<PAGE>

/s/Bruce Paradis
-------------------------------------------------------
Bruce Paradis
Residential Funding Corporation
President & Managing Director


/s/Davee Olson
-------------------------------------------------------
Davee Olson
Residential Funding Corporation
Chief Financial Officer & Managing Director



/s/Eric Scholtz
-------------------------------------------------------
Eric Scholtz
Residential Funding Corporation
Managing Director


<PAGE>


RESIDENTIAL FUNDING CORPORATION
December 31, 2003                                                    Exhibit 1
-------------------------------------------------------------------------------

1985 Series          1992 Series                 1993 Series        1995 Series
-----------          -----------                 -----------        -----------
                     (CONT.)                     (CONT.)            (CONT.)
1985 MS-ASL (1014)
1985 MS-ASL (1034)   1992-S33                    1993-S44           1995-J3
1985 MS-ASL (1038)   1992-S34                    1993-S45           1995-J4
1985 MS-ASL (1052)   1992-S35                    1993-S47           1995-QS1
1985 MS-ASL (1059)   1992-S36                    1993-S48           1995-R20
1985 MS-ASL (1060)   1992-S38                    1993-S49           1995-R5
1985 MS-ASL (1088)   1992-S39                    1993-S6            1995-S1
                     1992-S41                    1993-S7            1995-S10
1986 SERIES          1992-S43                    1993-S9            1995-S11
-----------
                     1992-S44                    1993-WH15B         1995-S12
1986-A NYCF          1992-S6                     1993-WH15C         1995-S14
                     1992-S9                     1993-WH2           1995-S15
1987 SERIES                                                         1995-S16
                     1993 SERIES                 1994 SERIES        1995-S17
                     -----------                 -----------
1987-A NYCF                                                         1995-S18
1987-WH2             1993-6                      1994-MZ1           1995-S19
                     1993-J2                     1994-S1            1995-S21
1988 SERIES          1993-J3                     1994-S10           1995-S3
-----------
                     1993-MZ1                    1994-S11           1995-S4
1988-A NYCF          1993-MZ2                    1994-S12           1995-S6
1988-SBRC WH1        1993-MZ3                    1994-S13           1995-S7
                     1993-S11                    1994-S14           1995-S8
1989 SERIES          1993-S12                    1994-S15           1995-S9
-----------
                     1993-S13                    1994-S16           1995-WH12
1989-SW1             1993-S14                    1994-S17           1995-WH13
                     1993-S15                    1994-S18           1995-WH14
1990 SERIES          1993-S16                    1994-S2            1995-WH15
-----------
                     1993-S17                    1994-S3            1995-WH18
1990-A NYCF          1993-S2                     1994-S5            1995-WH5
                     1993-S20                    1994-S7
1992 SERIES          1993-S21                    1994-S8            1996 SERIES
-----------                                                         -----------
                     1993-S23                    1994-S9
1992-2               1993-S25                    1994-WH1           1996-A SANTA
1992-4               1993-S26                    1994-WH14          1996-KS2
1992-5               1993-S27                    1994-WH16D         1996-QS1
1992-D               1993-S28                    1994-WH21          1996-QS2
1992-J1              1993-S29                    1994-WH4B          1996-QS3
1992-J10             1993-S3                                        1996-QS4
1992-J9              1993-S30                    1995 SERIES        1996-QS5
                                                 -----------
1992-S11             1993-S31                                       1996-QS6
1992-S16             1993-S32                    1995-2 SBMS        1996-QS7
1992-S18             1993-S34                    1995-3 SBMS        1996-QS8
1992-S2              1993-S36                    1995-HWH1          1996-RHS4
1992-S20             1993-S37                    1995-HWH2          1996-S1
1992-S22             1993-S39                    1995-HWH3          1996-S10
1992-S24             1993-S40                    1995-HWH4          1996-S11
1992-S27             1993-S41                    1995-HWH5          1996-S13
1992-S31             1993-S42                    1995-J1            1996-S14
1992-S32             1993-S43                    1995-J2            1996-S15

<PAGE>