<PAGE>
                                                                    EXHIBIT 10.1

CONTACT: CUSTOMER SERVICES -- CTSLINK
         WELLS FARGO BANK MINNESOTA, N.A.
         SECURITIES ADMINISTRATION SERVICES
         7485 NEW HORIZON WAY
         FREDERICK, MD 21703
         WWW.CTSLINK.COM
         TELEPHONE: (301) 815-6600
         FAX: (301) 315-6660

                                SMT SERIES 2004-2
                         RECORD DATE: DECEMBER 31, 2004
                       DISTRIBUTION DATE: JANUARY 20, 2005

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                     Certificate    Certificate      Beginning
                        Class      Pass-Through     Certificate      Interest
 Class     CUSIP     Description       Rate           Balance      Distribution
 -----   ---------   -----------   ------------   --------------   ------------
<S>      <C>         <C>           <C>            <C>              <C>
   A     81744FAN7       SEN         2.19125%     565,832,491.11   1,033,233.70
  X-1    81744FAP2        IO         0.80000%               0.00     307,272.14
  X-2    81744FAQ0        IO         0.47245%               0.00     222,801.42
  X-B    81744FAR8        IO         0.25236%               0.00       3,471.26
  B-1    81744FAT4       SUB         2.91000%      11,550,000.00      28,008.75
  B-2    81744FAU1       SUB         3.39000%       7,000,000.00      19,775.00
  B-3    81744FAV9       SUB         3.31530%       3,150,000.00       8,702.66
  B-4    81744FAW7       SUB         3.31530%       1,750,000.00       4,834.81
  B-5    81744FAX5       SUB         3.31530%       1,400,000.00       3,867.85
  B-6    81744FAY6       SUB         3.31530%       3,150,069.00       8,702.85
  A-R    81744FAS6       RES         2.66825%               0.00         489.45
                                                  --------------   ------------
Totals                                            593,832,560.11   1,641,159.89
                                                  ==============   ============
</TABLE>

<TABLE>
<CAPTION>
           Principal        Current      Ending Certificate       Total         Cumulative
 Class    Distribution   Realized Loss         Balance         Distribution   Realized Loss
 -----   -------------   -------------   ------------------   -------------   -------------
<S>      <C>             <C>             <C>                  <C>             <C>
   A     13,824,989.58        0.00         552,007,501.53     14,858,223.28        0.00
  X-1             0.00        0.00                   0.00        307,272.14        0.00
  X-2             0.00        0.00                   0.00        222,801.42        0.00
  X-B             0.00        0.00                   0.00          3,471.26        0.00
  B-1             0.00        0.00          11,550,000.00         28,008.75        0.00
  B-2             0.00        0.00           7,000,000.00         19,775.00        0.00
  B-3             0.00        0.00           3,150,000.00          8,702.66        0.00
  B-4             0.00        0.00           1,750,000.00          4,834.81        0.00
  B-5             0.00        0.00           1,400,000.00          3,867.85        0.00
  B-6             0.00        0.00           3,150,069.00          8,702.85        0.00
  A-R             0.00        0.00                   0.00            489.45        0.00
         -------------        ----         --------------     -------------        ----
Totals   13,824,989.58        0.00         580,007,570.53     15,466,149.47        0.00
         =============        ====         ==============     =============        ====
</TABLE>

All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.

                        PRINCIPAL DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
                             Beginning       Scheduled     Unscheduled
          Original Face     Certificate      Principal      Principal
 Class       Amount           Balance      Distribution    Distribution   Accretion
------   --------------   --------------   ------------   -------------   ---------
<S>      <C>              <C>              <C>            <C>             <C>
   A     671,998,000.00   565,832,491.11       0.00       13,824,989.58      0.00
  X-1              0.00             0.00       0.00                0.00      0.00
  X-2              0.00             0.00       0.00                0.00      0.00
  X-B              0.00             0.00       0.00                0.00      0.00
  B-1     11,550,000.00    11,550,000.00       0.00                0.00      0.00
  B-2      7,000,000.00     7,000,000.00       0.00                0.00      0.00
  B-3      3,150,000.00     3,150,000.00       0.00                0.00      0.00
  B-4      1,750,000.00     1,750,000.00       0.00                0.00      0.00
  B-5      1,400,000.00     1,400,000.00       0.00                0.00      0.00
  B-6      3,150,069.00     3,150,069.00       0.00                0.00      0.00
  A-R            100.00             0.00       0.00                0.00      0.00
         --------------   --------------       ----       -------------      ----
Totals   699,998,169.00   593,832,560.11       0.00       13,824,989.58      0.00
         ==============   ==============       ====       =============      ====
</TABLE>

<TABLE>
<CAPTION>
                        Total           Ending          Ending
         Realized     Principal       Certificate    Certificate   Total Principal
 Class   Loss (1)     Reduction         Balance       Percentage     Distribution
------   --------   -------------   --------------   -----------   ---------------
<S>      <C>        <C>             <C>              <C>           <C>
   A       0.00     13,824,989.58   552,007,501.53    0.82144218    13,824,989.58
  X-1      0.00              0.00             0.00    0.00000000             0.00
  X-2      0.00              0.00             0.00    0.00000000             0.00
  X-B      0.00              0.00             0.00    0.00000000             0.00
  B-1      0.00              0.00    11,550,000.00    1.00000000             0.00
  B-2      0.00              0.00     7,000,000.00    1.00000000             0.00
  B-3      0.00              0.00     3,150,000.00    1.00000000             0.00
  B-4      0.00              0.00     1,750,000.00    1.00000000             0.00
  B-5      0.00              0.00     1,400,000.00    1.00000000             0.00
  B-6      0.00              0.00     3,150,069.00    1.00000000             0.00
  A-R      0.00              0.00             0.00    0.00000000             0.00
           ----     -------------   --------------    ----------    -------------
Totals     0.00     13,824,989.58   580,007,570.53    0.82858441    13,824,989.58
           ====     =============   ==============    ==========    =============
</TABLE>

(1)  Amount does not include excess special hazard, bankruptcy, or fraud losses
     unless otherwise disclosed. Please refer to the prospectus supplement for a
     full description.
<PAGE>
                    PRINCIPAL DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                             Beginning       Scheduled     Unscheduled
          Original Face     Certificate      Principal      Principal
 Class       Amount           Balance      Distribution    Distribution    Accretion
------   --------------   --------------   ------------   -------------   ----------
<S>      <C>              <C>              <C>            <C>             <C>
   A     671,998,000.00     842.01514158    0.00000000     20.57296239    0.00000000
  X-1              0.00       0.00000000    0.00000000      0.00000000    0.00000000
  X-2              0.00       0.00000000    0.00000000      0.00000000    0.00000000
  X-B              0.00       0.00000000    0.00000000      0.00000000    0.00000000
  B-1     11,550,000.00    1000.00000000    0.00000000      0.00000000    0.00000000
  B-2      7,000,000.00    1000.00000000    0.00000000      0.00000000    0.00000000
  B-3      3,150,000.00    1000.00000000    0.00000000      0.00000000    0.00000000
  B-4      1,750,000.00    1000.00000000    0.00000000      0.00000000    0.00000000
  B-5      1,400,000.00    1000.00000000    0.00000000      0.00000000    0.00000000
  B-6      3,150,069.00    1000.00000000    0.00000000      0.00000000    0.00000000
  A-R            100.00       0.00000000    0.00000000      0.00000000    0.00000000
</TABLE>

<TABLE>
<CAPTION>
                         Total          Ending         Ending
          Realized     Principal     Certificate    Certificate   Total Principal
 Class    Loss (1)     Reduction       Balance       Percentage     Distribution
------   ----------   -----------   -------------   -----------   ---------------
<S>      <C>          <C>           <C>             <C>           <C>
   A     0.00000000   20.57296239    821.44217919    0.82144218     20.57296239
  X-1    0.00000000    0.00000000      0.00000000    0.00000000      0.00000000
  X-2    0.00000000    0.00000000      0.00000000    0.00000000      0.00000000
  X-B    0.00000000    0.00000000      0.00000000    0.00000000      0.00000000
  B-1    0.00000000    0.00000000   1000.00000000    1.00000000      0.00000000
  B-2    0.00000000    0.00000000   1000.00000000    1.00000000      0.00000000
  B-3    0.00000000    0.00000000   1000.00000000    1.00000000      0.00000000
  B-4    0.00000000    0.00000000   1000.00000000    1.00000000      0.00000000
  B-5    0.00000000    0.00000000   1000.00000000    1.00000000      0.00000000
  B-6    0.00000000    0.00000000   1000.00000000    1.00000000      0.00000000
  A-R    0.00000000    0.00000000      0.00000000    0.00000000      0.00000000
</TABLE>

(3)  Amount does not include excess special hazard, bankruptcy, or fraud losses
     unless otherwise disclosed. Please refer to the prospectus supplement for a
     full description.

                         INTEREST DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
                                            Beginning                    Payment of
                             Current      Certificate/       Current       Unpaid      Current
           Original Face   Certificate      Notional         Accrued      Interest     Interest
 Class        Amount          Rate           Balance        Interest      Shortfall   Shortfall
-------   --------------   -----------   --------------   ------------   ----------   ---------
<S>       <C>              <C>           <C>              <C>            <C>          <C>
   A      671,998,000.00     2.19125%    565,832,491.11   1,033,233.71      0.00         0.00
  X-1               0.00     0.80000%    460,867,657.98     307,245.11      0.00         0.00
  X-2               0.00     0.47245%    565,832,491.11     222,774.38      0.00         0.00
  X-B               0.00     0.25236%     18,550,000.00       3,901.00      0.00         0.00
  B-1      11,550,000.00     2.91000%     11,550,000.00      28,008.75      0.00         0.00
  B-2       7,000,000.00     3.39000%      7,000,000.00      19,775.00      0.00         0.00
  B-3       3,150,000.00     3.31530%      3,150,000.00       8,702.66      0.00         0.00
  B-4       1,750,000.00     3.31530%      1,750,000.00       4,834.81      0.00         0.00
  B-5       1,400,000.00     3.31530%      1,400,000.00       3,867.85      0.00         0.00
  B-6       3,150,069.00     3.31530%      3,150,069.00       8,702.85      0.00         0.00
  A-R             100.00     2.66825%              0.00           0.00      0.00         0.00
          --------------                                  ------------      ----         ----
 Totals   699,998,169.00                                  1,641,046.12      0.00         0.00
          ==============                                  ============      ====         ====
</TABLE>

<TABLE>
<CAPTION>
             Non-                               Remaining       Ending
          Supported                 Total         Unpaid     Certificate/
           Interest   Realized     Interest      Interest     Notational
 Class    Shortfall   Loss (4)   Distribution   Shortfall       Balance
-------   ---------   --------   ------------   ---------   --------------
<S>       <C>         <C>        <C>            <C>         <C>
   A          0.00      0.00     1,033,233.70      0.00     552,007,501.53
  X-1         0.00      0.00       307,272.14      0.00     443,629,270.58
  X-2         0.00      0.00       222,801.42      0.00     552,007,501.53
  X-B         0.00      0.00         3,471.26      0.00      18,550,000.00
  B-1         0.00      0.00        28,008.75      0.00      11,550,000.00
  B-2         0.00      0.00        19,775.00      0.00       7,000,000.00
  B-3         0.00      0.00         8,702.66      0.00       3,150,000.00
  B-4         0.00      0.00         4,834.81      0.00       1,750,000.00
  B-5         0.00      0.00         3,867.85      0.00       1,400,000.00
  B-6         0.00      0.00         8,702.85      0.00       3,150,069.00
  A-R         0.00      0.00           489.45      0.00               0.00
              ----      ----     ------------      ----
 Totals       0.00      0.00     1,641,159.89      0.00
              ====      ====     ============      ====
</TABLE>

(4)  Amount does not include excess special hazard, bankruptcy, or fraud losses
     unless otherwise disclosed. Please refer to the prospectus supplement for a
     full description.
<PAGE>
                     INTEREST DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                                                                            Payment of
                           Current        Beginning                           Unpaid       Current
Class    Original Face   Certificate     Certificate/     Current Accrued    Interest     Interest
 (5)        Amount           Rate      Notional Balance       Interest       Shortfall    Shortfall
-----   --------------   -----------   ----------------   ---------------   ----------   ----------
<S>     <C>              <C>           <C>                <C>               <C>          <C>
  A     671,998,000.00     2.19125%       842.01514158       1.53755474     0.00000000   0.00000000
 X-1              0.00     0.80000%       685.81700835       0.45721135     0.00000000   0.00000000
 X-2              0.00     0.47245%       842.01514158       0.33151048     0.00000000   0.00000000
 X-B              0.00     0.25236%      1000.00000000       0.21029650     0.00000000   0.00000000
 B-1     11,550,000.00     2.91000%      1000.00000000       2.42500000     0.00000000   0.00000000
 B-2      7,000,000.00     3.39000%      1000.00000000       2.82500000     0.00000000   0.00000000
 B-3      3,150,000.00     3.31530%      1000.00000000       2.76274921     0.00000000   0.00000000
 B-4      1,750,000.00     3.31530%      1000.00000000       2.76274857     0.00000000   0.00000000
 B-5      1,400,000.00     3.31530%      1000.00000000       2.76275000     0.00000000   0.00000000
 B-6      3,150,069.00     3.31530%      1000.00000000       2.76274901     0.00000000   0.00000000
 A-R            100.00     2.66825%         0.00000000       0.00000000     0.00000000   0.00000000
</TABLE>

<TABLE>
<CAPTION>
            Non-                                    Remaining
         Supported                                   Unpaid
Class    Interest     Realized    Total Interest    Interest    Ending Certificate/
 (5)     Shortfall    Loss (6)     Distribution     Shortfall   Notational Balance
-----   ----------   ----------   --------------   ----------   -------------------
<S>     <C>          <C>          <C>              <C>          <C>
  A     0.00000000   0.00000000       1.53755472   0.00000000       821.44217919
 X-1    0.00000000   0.00000000       0.45725157   0.00000000       660.16456981
 X-2    0.00000000   0.00000000       0.33155072   0.00000000       821.44217919
 X-B    0.00000000   0.00000000       0.18712992   0.00000000      1000.00000000
 B-1    0.00000000   0.00000000       2.42500000   0.00000000      1000.00000000
 B-2    0.00000000   0.00000000       2.82500000   0.00000000      1000.00000000
 B-3    0.00000000   0.00000000       2.76274921   0.00000000      1000.00000000
 B-4    0.00000000   0.00000000       2.76274857   0.00000000      1000.00000000
 B-5    0.00000000   0.00000000       2.76275000   0.00000000      1000.00000000
 B-6    0.00000000   0.00000000       2.76274901   0.00000000      1000.00000000
 A-R    0.00000000   0.00000000    4894.50000000   0.00000000         0.00000000
</TABLE>

(5)  Per $1 denomination

(6)  Amount does not include excess special hazard, bankruptcy, or fraud losses
     unless otherwise disclosed. Please refer to the prospectus supplement for a
     full description.

                       CERTIFICATEHOLDER ACCOUNT STATEMENT

                               CERTIFICATE ACCOUNT

<TABLE>
<CAPTION>
<S>                                                            <C>
Beginning Balance                                                       0.00

Deposits
   Payments of Interest and Principal                          15,670,767.58
   Liquidations, Insurance Proceeds, Reserve Funds                      0.00
   Proceeds from Repurchased Loans                                      0.00
   Other Amounts (Servicer Advances)                               13,575.77
   Realized Losses (Gains, Subsequent Expenses & Recoveries)            0.00
   Prepayment Penalties                                                 0.00
                                                               -------------
Total Deposits                                                 15,684,343.35
                                                               =============

Withdrawals
   Reimbursement for Servicer Advances                             26,481.93
   Payment of Service Fee                                         191,711.95
   Payment of Interest and Principal                           15,466,149.47
                                                               -------------
Total Withdrawals (Pool Distribution Amount)                   15,684,343.35

Ending Balance                                                          0.00
                                                               =============
</TABLE>
<PAGE>
                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

<TABLE>
<S>                                                       <C>
Total Prepayment/Curtailment Interest Shortfall           0.00
Servicing Fee Support                                     0.00
                                                          ----
Non-Supported Prepayment Curtailment Interest Shortfall   0.00
                                                          ====
</TABLE>

                                 SERVICING FEES

<TABLE>
<S>                                                   <C>
Gross Servicing Fee                                   187,009.36
Master Servicing Fee                                    4,702.59
Supported Prepayment/Curtailment Interest Shortfall         0.00
                                                      ----------
Net Servicing Fee                                     191,711.95
                                                      ==========
</TABLE>

                                 OTHER ACCOUNTS

<TABLE>
<CAPTION>
                        Beginning     Current      Current    Ending
     Account Type        Balance    Withdrawals   Deposits    Balance
     ------------       ---------   -----------   --------   --------
<S>                     <C>         <C>           <C>        <C>
Class X-1 Sub Account    4,500.00       27.04       27.04    4,500.00
Class X-2 Sub Account    4,500.00       27.04       27.04    4,500.00
Class X-B Sub Account    1,000.00      441.77      441.77    1,000.00
</TABLE>
<PAGE>
             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

<TABLE>
<CAPTION>
            DELINQUENT                          BANKRUPTCY                       FORECLOSURE
---------------------------------   ------------------------------   ------------------------------
            No. of     Principal                No. of   Principal               No. of   Principal
             Loans      Balance                  Loans    Balance                 Loans    Balance
            ------   ------------               ------   ---------               ------   ---------
<S>         <C>      <C>            <C>         <C>      <C>         <C>         <C>      <C>
0-29 Days      0             0.00   0-29 Days      0        0.00     0-29 Days      0        0.00
30 Days       13     4,177,182.29   30 Days        0        0.00     30 Days        0        0.00
60 Days        2       383,965.11   60 Days        0        0.00     60 Days        0        0.00
90 Days        1       182,400.00   90 Days        0        0.00     90 Days        0        0.00
120 Days       0             0.00   120 Days       0        0.00     120 Days       0        0.00
150 Days       0             0.00   150 Days       0        0.00     150 Days       0        0.00
180+ Days      0             0.00   180+ Days      0        0.00     180+ Days      0        0.00
              --     ------------                 --        ----                   --        ----
              16     4,743,547.40                  0        0.00                    0        0.00
              ==     ============                 ==        ====                   ==        ====
</TABLE>

<TABLE>
<CAPTION>
              REO                             TOTAL
------------------------------  ---------------------------------
            No. of   Principal              No. of     Principal
             Loans    Balance                Loans      Balance
            ------   ---------              ------   ------------
<S>         <C>      <C>        <C>         <C>      <C>
0-29 Days      0          0.00  0-29 Days      0             0.00
30 Days        0          0.00  30 Days       13     4,177,182.29
60 Days        0          0.00  60 Days        2       383,965.11
90 Days        0          0.00  90 Days        1       182,400.00
120 Days       0          0.00  120 Days       0             0.00
150 Days       0          0.00  150 Days       0             0.00
180+ Days      0          0.00  180+ Days      0             0.00
              --          ----                --     ------------
               0          0.00                16     4,743,547.40
              ==          ====                ==     ============
</TABLE>

<TABLE>
<CAPTION>
           DELINQUENT                          BANKRUPTCY                         FORECLOSURE
--------------------------------   ---------------------------------   ---------------------------------
             No. of    Principal                 No. of    Principal                 No. of    Principal
              Loans     Balance                  Loans      Balance                   Loans     Balance
            --------   ---------               ---------   ---------               ---------   ---------
<S>         <C>        <C>         <C>         <C>         <C>         <C>         <C>         <C>
0-29 Days   0.000000%  0.000000%   0-29 Days   0.000000%   0.000000%   0-29 Days   0.000000%   0.000000%
30 Days     0.749712%  0.719972%   30 Days     0.000000%   0.000000%   30 Days     0.000000%   0.000000%
60 Days     0.115340%  0.066180%   60 Days     0.000000%   0.000000%   60 Days     0.000000%   0.000000%
90 Days     0.057670%  0.031438%   90 Days     0.000000%   0.000000%   90 Days     0.000000%   0.000000%
120 Days    0.000000%  0.000000%   120 Days    0.000000%   0.000000%   120 Days    0.000000%   0.000000%
150 Days    0.000000%  0.000000%   150 Days    0.000000%   0.000000%   150 Days    0.000000%   0.000000%
180+ Days   0.000000%  0.000000%   180+ Days   0.000000%   0.000000%   180+ Days   0.000000%   0.000000%
            --------   --------                --------    --------                --------    --------
            0.922722%  0.817590%               0.000000%   0.000000%               0.000000%   0.000000%
            ========   ========                ========    ========                ========    ========
</TABLE>

<TABLE>
<CAPTION>
               REO                                TOTAL
---------------------------------   ---------------------------------
              No. of    Principal                 No. of    Principal
               Loans     Balance                   Loans     Balance
            ---------   ---------               ---------   ---------
<S>         <C>         <C>         <C>         <C>         <C>
0-29 Days   0.000000%   0.000000%   0-29 Days   0.000000%   0.000000%
30 Days     0.000000%   0.000000%   30 Days     0.749712%   0.719972%
60 Days     0.000000%   0.000000%   60 Days     0.115340%   0.066180%
90 Days     0.000000%   0.000000%   90 Days     0.057670%   0.031438%
120 Days    0.000000%   0.000000%   120 Days    0.000000%   0.000000%
150 Days    0.000000%   0.000000%   150 Days    0.000000%   0.000000%
180+ Days   0.000000%   0.000000%   180+ Days   0.000000%   0.000000%
            --------    --------                --------    --------
            0.000000%   0.000000%               0.922722%   0.817590%
            ========    ========                ========    ========
</TABLE>

<TABLE>
<S>                                         <C>   <C>                                           <C>   <C>               <C>
Current Period Class A Insufficient Funds:  0.00  Principal Balance of Contaminated Properties  0.00  Periodic Advance  13,575.77
</TABLE>

<TABLE>
<CAPTION>
              Original $     Original%     Current $       Current%    Current Class%   Prepayment%
            -------------   ----------   -------------   -----------   --------------   -----------
<S>         <C>             <C>          <C>             <C>           <C>              <C>
Class A     28,000,069.00   4.00002032%  28,000,069.00   4.82606099%     95.143404%      0.000000%
Class X-1   28,000,069.00   4.00002032%  28,000,069.00   4.82606099%      0.000000%      0.000000%
Class X-2   28,000,069.00   4.00002032%  28,000,069.00   4.82606099%      0.000000%      0.000000%
Class B-1   16,450,069.00   2.35001600%  16,450,069.00   2.83531574%      1.990745%     41.249898%
Class B-2    9,450,069.00   1.35001339%   9,450,069.00   1.62880364%      1.206512%     24.999938%
Class B-3    6,300,069.00   0.90001221%   6,300,069.00   1.08587294%      0.542931%     11.249972%
Class B-4    4,550,069.00   0.65001156%   4,550,069.00   0.78424487%      0.301628%      6.249985%
Class B-5    3,150,069.00   0.45001103%   3,150,069.00   0.54294242%      0.241302%      4.999988%
Class B-6            0.00   0.00000000%           0.00   0.00000000%      0.542942%     11.250219%
</TABLE>

Please refer to the prospectus supplement for a full description of loss
exposure
<PAGE>
                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
             Collateral Description                   Mixed Arm
------------------------------------------------   --------------
<S>                                                <C>
Weighted Average Gross Coupon                            3.702589%
Weighted Average Net Coupon                              3.324799%
Weighted Average Pass-Through Rate                       3.315299%
Weighted Average Maturity (Stepdown Calculation)              334

Beginning Scheduled Collateral Loan Count                   1,765
Number of Loans Paid in Full                                   31
Ending Scheduled Collateral Loan Count                      1,734

Beginning Scheduled Collateral Balance             594,009,720.92
Ending Scheduled Collateral Balance                580,184,731.34
Ending Actual Collateral Balance at 31-Dec-2004    580,186,552.71

Monthly P&I Constant                                 1,832,811.76
Special Servicing Fee                                        0.00
Prepayment Penalties                                         0.00
Realization Loss Amount                                      0.00
Cumulative Realized Loss                                     0.00

Class A Optimal Amount                              15,392,143.77

Ending Scheduled Balance for Premium Loans         580,184,731.34

Scheduled Principal                                          0.00
Unscheduled Principal                               13,824,989.58
</TABLE>

MISCELLANEOUS REPORTING

<TABLE>
<S>                                 <C>
One-Month Libor Loan Balance         67,742,857.19
Six-Month Libor Loan Balance        512,441,874.15
Prorata Senior Percentage                95.265436%
Senior Percentage                       100.000000%
Senior Prepayment Percentage            100.000000%
Subordinate Percentage                    0.000000%
Subordinate Prepayment Percentage         0.000000%
</TABLE>