<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 2004-1
                         RECORD DATE: DECEMBER 31, 2004
                       DISTRIBUTION DATE: JANUARY 20, 2005

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                     Certificate                          Beginning
                        Class      Certificate Pass-     Certificate      Interest
 Class     CUSIP     Description      Through Rate         Balance      Distribution
------   ---------   -----------   -----------------   --------------   ------------
<S>      <C>         <C>           <C>                 <C>              <C>
   A     81744FAA5       SEN            2.19125%       518,653,684.35     947,083.23
  X-1    81744FAB3        IO            0.80000%                 0.00     264,926.26
  X-2    81744FAC1        IO            0.50313%                 0.00     217,486.93
  X-B    81744FAD9        IO            0.21262%                 0.00       1,963.50
  B-1    81744FAG2       SUB            2.96000%         9,375,000.00      23,125.00
  B-2    81744FAH0       SUB            3.46000%         5,937,000.00      17,118.35
  B-3    81744FAJ6       SUB            3.30728%         3,437,000.00       9,472.59
  B-4    81744FAK3       SUB            3.30728%         1,562,000.00       4,304.97
  B-5    81744FAL1       SUB            3.30728%           937,000.00       2,582.43
  B-6    81744FAM9       SUB            3.30728%         2,500,468.00       6,891.45
  A-R    81744FAF4       RES            2.57054%                 0.00           0.00
                                                       --------------   ------------
Totals                                                 542,402,152.35   1,494,954.71
                                                       ==============   ============
</TABLE>

<TABLE>
<CAPTION>
           Principal        Current      Ending Certificate       Total         Cumulative
 Class    Distribution   Realized Loss         Balance         Distribution   Realized Loss
------   -------------   -------------   ------------------   -------------   -------------
<S>      <C>             <C>             <C>                  <C>             <C>
   A                          0.00         508,265,849.83     11,334,917.75        0.00
  X-1             0.00        0.00                   0.00        264,926.26        0.00
  X-2             0.00        0.00                   0.00        217,486.93        0.00
  X-B             0.00        0.00                   0.00          1,963.50        0.00
  B-1             0.00        0.00           9,375,000.00         23,125.00        0.00
  B-2             0.00        0.00           5,937,000.00         17,118.35        0.00
  B-3             0.00        0.00           3,437,000.00          9,472.59        0.00
  B-4             0.00        0.00           1,562,000.00          4,304.97        0.00
  B-5             0.00        0.00             937,000.00          2,582.43        0.00
  B-6             0.00        0.00           2,500,468.00          6,891.45        0.00
  A-R             0.00        0.00                   0.00              0.00        0.00
         -------------        ----         --------------     -------------        ----
Totals   10,387,834.52        0.00         532,014,317.83     11,882,789.23        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                 Realized
 Class       Amount           Balance      Distribution    Distribution   Accretion   Loss (1)
------   --------------   --------------   ------------   -------------   ---------   --------
<S>      <C>              <C>              <C>            <C>             <C>         <C>
   A     601,250,000.00   518,653,684.35      467.01      10,387,367.51      0.00       0.00
  X-1              0.00             0.00        0.00               0.00      0.00       0.00
  X-2              0.00             0.00        0.00               0.00      0.00       0.00
  X-B              0.00             0.00        0.00               0.00      0.00       0.00
  B-1      9,375,000.00     9,375,000.00        0.00               0.00      0.00       0.00
  B-2      5,937,000.00     5,937,000.00        0.00               0.00      0.00       0.00
  B-3      3,437,000.00     3,437,000.00        0.00               0.00      0.00       0.00
  B-4      1,562,000.00     1,562,000.00        0.00               0.00      0.00       0.00
  B-5        937,000.00       937,000.00        0.00               0.00      0.00       0.00
  B-6      2,500,468.00     2,500,468.00        0.00               0.00      0.00       0.00
  A-R            100.00             0.00        0.00               0.00      0.00       0.00
         --------------   --------------      ------      -------------      ----       ----
Totals   624,998,568.00   542,402,152.35      467.01      10,387,367.51      0.00       0.00
         ==============   ==============      ======      =============      ====       ====
</TABLE>

<TABLE>
<CAPTION>
         Total Principal   Ending Certificate   Ending Certificate   Total Principal
 Class      Reduction            Balance            Percentage         Distribution
------   ---------------   ------------------   ------------------   ---------------
<S>      <C>               <C>                  <C>                  <C>
   A      10,387,834.52      508,265,849.83         0.84534861        10,387,834.52
  X-1              0.00                0.00         0.00000000                 0.00
  X-2              0.00                0.00         0.00000000                 0.00
  X-B              0.00                0.00         0.00000000                 0.00
  B-1              0.00        9,375,000.00         1.00000000                 0.00
  B-2              0.00        5,937,000.00         1.00000000                 0.00
  B-3              0.00        3,437,000.00         1.00000000                 0.00
  B-4              0.00        1,562,000.00         1.00000000                 0.00
  B-5              0.00          937,000.00         1.00000000                 0.00
  B-6              0.00        2,500,468.00         1.00000000                 0.00
  A-R              0.00                0.00         0.00000000                 0.00
          -------------      --------------         ----------        -------------
Totals    10,387,834.52      532,014,317.83         0.85122486        10,387,834.52
          =============      ==============         ==========        =============
</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                   Realized
Class       Amount           Balance      Distribution    Distribution    Accretion    Loss (3)
-----   --------------   --------------   ------------   -------------   ----------   ----------
<S>     <C>              <C>              <C>            <C>             <C>          <C>
  A     601,250,000.00     862.62567044     0.00077673    17.27628692    0.00000000   0.00000000
 X-1              0.00       0.00000000     0.00000000     0.00000000    0.00000000   0.00000000
 X-2              0.00       0.00000000     0.00000000     0.00000000    0.00000000   0.00000000
 X-B              0.00       0.00000000     0.00000000     0.00000000    0.00000000   0.00000000
 B-1      9,375,000.00    1000.00000000     0.00000000     0.00000000    0.00000000   0.00000000
 B-2      5,937,000.00    1000.00000000     0.00000000     0.00000000    0.00000000   0.00000000
 B-3      3,437,000.00    1000.00000000     0.00000000     0.00000000    0.00000000   0.00000000
 B-4      1,562,000.00    1000.00000000     0.00000000     0.00000000    0.00000000   0.00000000
 B-5        937,000.00    1000.00000000     0.00000000     0.00000000    0.00000000   0.00000000
 B-6      2,500,468.00    1000.00000000     0.00000000     0.00000000    0.00000000   0.00000000
 A-R            100.00       0.00000000     0.00000000     0.00000000    0.00000000   0.00000000
</TABLE>

<TABLE>
<CAPTION>
        Total Principal   Ending Certificate   Ending Certificate   Total Principal
Class      Reduction            Balance            Percentage         Distribution
-----   ---------------   ------------------   ------------------   ---------------
<S>     <C>               <C>                  <C>                  <C>
  A       17.27706365         845.34860679         0.84534861         17.27706365
 X-1       0.00000000           0.00000000         0.00000000          0.00000000
 X-2       0.00000000           0.00000000         0.00000000          0.00000000
 X-B       0.00000000           0.00000000         0.00000000          0.00000000
 B-1       0.00000000        1000.00000000         1.00000000          0.00000000
 B-2       0.00000000        1000.00000000         1.00000000          0.00000000
 B-3       0.00000000        1000.00000000         1.00000000          0.00000000
 B-4       0.00000000        1000.00000000         1.00000000          0.00000000
 B-5       0.00000000        1000.00000000         1.00000000          0.00000000
 B-6       0.00000000        1000.00000000         1.00000000          0.00000000
 A-R       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
                                              Certificate/       Current       Unpaid
          Original Face        Current          Notional         Accrued      Interest
 Class       Amount       Certificate Rate       Balance        Interest      Shortfall
------   --------------   ----------------   --------------   ------------   ----------
<S>      <C>              <C>                <C>              <C>            <C>
   A     601,250,000.00       2.19125%       518,653,684.35     947,083.24      0.00
  X-1              0.00       0.80000%       397,348,824.84     264,899.22      0.00
  X-2              0.00       0.50313%       518,653,684.35     217,459.89      0.00
  X-B              0.00       0.21262%        15,312,000.00       2,713.09      0.00
  B-1      9,375,000.00       2.96000%         9,375,000.00      23,125.00      0.00
  B-2      5,937,000.00       3.46000%         5,937,000.00      17,118.35      0.00
  B-3      3,437,000.00       3.30728%         3,437,000.00       9,472.59      0.00
  B-4      1,562,000.00       3.30728%         1,562,000.00       4,304.97      0.00
  B-5        937,000.00       3.30728%           937,000.00       2,582.43      0.00
  B-6      2,500,468.00       3.30728%         2,500,468.00       6,891.45      0.00
  A-R            100.00       2.57054%                 0.00           0.00      0.00
         --------------                                       ------------      ----
Totals   624,998,568.00                                       1,495,650.23      0.00
         ==============                                       ============      ====
</TABLE>

<TABLE>
<CAPTION>
                        Non-                                 Remaining       Ending
          Current    Supported                                 Unpaid     Certificate/
          Interest    Interest   Realized   Total Interest    Interest     Notational
 Class   Shortfall   Shortfall   Loss (4)    Distribution    Shortfall       Balance
------   ---------   ---------   --------   --------------   ---------   --------------
<S>      <C>         <C>         <C>        <C>              <C>         <C>
   A        0.00        0.00       0.00        947,083.23       0.00     508,265,849.83
  X-1       0.00        0.00       0.00        264,926.26       0.00     382,500,098.65
  X-2       0.00        0.00       0.00        217,486.93       0.00     508,265,849.83
  X-B       0.00        0.00       0.00          1,963.50       0.00      15,312,000.00
  B-1       0.00        0.00       0.00         23,125.00       0.00       9,375,000.00
  B-2       0.00        0.00       0.00         17,118.35       0.00       5,937,000.00
  B-3       0.00        0.00       0.00          9,472.59       0.00       3,437,000.00
  B-4       0.00        0.00       0.00          4,304.97       0.00       1,562,000.00
  B-5       0.00        0.00       0.00          2,582.43       0.00         937,000.00
  B-6       0.00        0.00       0.00          6,891.45       0.00       2,500,468.00
  A-R       0.00        0.00       0.00              0.00       0.00               0.00
            ----        ----       ----      ------------       ----
Totals      0.00        0.00       0.00      1,494,954.71       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
Class    Original Face   Certificate     Certificate/     Current Accrued    Interest
 (5)        Amount           Rate      Notional Balance       Interest       Shortfall
-----   --------------   -----------   ----------------   ---------------   ----------
<S>     <C>              <C>           <C>                <C>               <C>
  A     601,250,000.00     2.19125%       862.62567044       1.57519042     0.00000000
 X-1              0.00     0.80000%       660.87122635       0.44058082     0.00000000
 X-2              0.00     0.50313%       862.62567044       0.36167965     0.00000000
 X-B              0.00     0.21262%      1000.00000000       0.17718717     0.00000000
 B-1      9,375,000.00     2.96000%      1000.00000000       2.46666667     0.00000000
 B-2      5,937,000.00     3.46000%      1000.00000000       2.88333333     0.00000000
 B-3      3,437,000.00     3.30728%      1000.00000000       2.75606343     0.00000000
 B-4      1,562,000.00     3.30728%      1000.00000000       2.75606274     0.00000000
 B-5        937,000.00     3.30728%      1000.00000000       2.75606190     0.00000000
 B-6      2,500,468.00     3.30728%      1000.00000000       2.75606406     0.00000000
 A-R            100.00     2.57054%         0.00000000       0.00000000     0.00000000
</TABLE>

<TABLE>
<CAPTION>
                        Non-                                     Remaining
          Current     Supported                                   Unpaid
Class    Interest     Interest     Realized    Total Interest    Interest    Ending Certificate/
 (5)     Shortfall    Shortfall    Loss (6)     Distribution     Shortfall   Notational Balance
-----   ----------   ----------   ----------   --------------   ----------   -------------------
<S>     <C>          <C>          <C>          <C>              <C>          <C>
  A     0.00000000   0.00000000   0.00000000     1.57519040     0.00000000       845.34860679
 X-1    0.00000000   0.00000000   0.00000000     0.44062580     0.00000000       636.17480025
 X-2    0.00000000   0.00000000   0.00000000     0.36172462     0.00000000       845.34860679
 X-B    0.00000000   0.00000000   0.00000000     0.12823276     0.00000000      1000.00000000
 B-1    0.00000000   0.00000000   0.00000000     2.46666667     0.00000000      1000.00000000
 B-2    0.00000000   0.00000000   0.00000000     2.88333333     0.00000000      1000.00000000
 B-3    0.00000000   0.00000000   0.00000000     2.75606343     0.00000000      1000.00000000
 B-4    0.00000000   0.00000000   0.00000000     2.75606274     0.00000000      1000.00000000
 B-5    0.00000000   0.00000000   0.00000000     2.75606190     0.00000000      1000.00000000
 B-6    0.00000000   0.00000000   0.00000000     2.75606406     0.00000000      1000.00000000
 A-R    0.00000000   0.00000000   0.00000000     0.00000000     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>
<S>                                                                <C>
Beginning Balance                                                           0.00

Deposits
   Payments of Interest and Principal                              12,061,915.99
   Liquidations, Insurance Proceeds, Reserve Funds                          0.00
   Proceeds from Repurchased Loans                                          0.00
   Other Amounts (Servicer Advances)                                    7,311.80
   Realized Losses (Gains, Subsequent Expenses & Recoveries)                0.00
   Prepayment Penalties                                                     0.00
                                                                   -------------
Total Deposits                                                     12,069,227.79

Withdrawals
   Reimbursement for Servicer Advances                                 11,846.35
   Payment of Service Fee                                             174,592.21
   Payment of Interest and Principal                               11,882,789.23
                                                                   -------------
Total Withdrawals (Pool Distribution Amount)                       12,069,227.79

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                                   170,072.19
Master Servicing Fee                                    4,520.02
Supported Prepayment/Curtailment Interest Shortfall         0.00
                                                      ----------
Net Servicing Fee                                     174,592.21
                                                      ==========
</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      761.61      761.61    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       10     2,390,720.64   30 Days        0        0.00     30 Days        0        0.00
60 Days        1       135,192.04   60 Days        0        0.00     60 Days        0        0.00
90 Days        0             0.00   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
              --     ------------                 --        ----                   --        ----
              11     2,525,912.68                  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       10     2,390,720.64
60 Days        0        0.00     60 Days        1       135,192.04
90 Days        0        0.00     90 Days        0             0.00
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                   11     2,525,912.68
              ==        ====                   ==     ============
</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     0.641849%    0.449371%   30 Days     0.000000%  0.000000%   30 Days     0.000000%  0.000000%
60 Days     0.064185%    0.025411%   60 Days     0.000000%  0.000000%   60 Days     0.000000%  0.000000%
90 Days     0.000000%    0.000000%   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%
            --------     --------                --------   ---------               --------   --------
            0.706033%    0.474782%               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     0.641849%   0.449371%
60 Days     0.000000%  0.000000%   60 Days     0.064185%   0.025411%
90 Days     0.000000%  0.000000%   90 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%
180+ Days   0.000000%  0.000000%   180+ Days   0.000000%   0.000000%
            --------   --------                --------    --------
            0.000000%  0.000000%               0.706033%   0.474782%
            ========   ========                ========    ========
</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  7,311.80
</TABLE>

<TABLE>
<CAPTION>
              Original $     Original%     Current $      Current %   Current Class %   Prepayment %
            -------------   ----------   -------------   ----------   ---------------   ------------
<S>         <C>             <C>          <C>             <C>          <C>               <C>
Class A     23,748,468.00   3.79976359%  23,748,468.00   4.46387760%     95.536122%       0.000000%
Class X-1   23,748,468.00   3.79976359%  23,748,468.00   4.46387760%      0.000000%       0.000000%
Class X-2   23,748,468.00   3.79976359%  23,748,468.00   4.46387760%      0.000000%       0.000000%
Class B-1   14,373,468.00   2.29976015%  14,373,468.00   2.70170699%      1.762171%      39.476231%
Class B-2    8,436,468.00   1.34983797%   8,436,468.00   1.58575958%      1.115947%      24.999507%
Class B-3    4,999,468.00   0.79991671%   4,999,468.00   0.93972433%      0.646035%      14.472513%
Class B-4    3,437,468.00   0.54999614%   3,437,468.00   0.64612321%      0.293601%       6.577266%
Class B-5    2,500,468.00   0.40007580%   2,500,468.00   0.47000013%      0.176123%       3.945518%
Class B-6            0.00   0.00000000%           0.00   0.00000000%      0.470000%      10.528965%
</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                                          3.693540%
Weighted Average Net Coupon                                            3.317276%
Weighted Average Pass-Through Rate                                     3.307276%
Weighted Average Maturity (Stepdown Calculation)                            323

Beginning Scheduled Collateral Loan Count                                 1,585
Number of Loans Paid in Full                                                 27
Ending Scheduled Collateral Loan Count                                    1,558

Beginning Scheduled Collateral Balance                           542,402,152.78
Ending Scheduled Collateral Balance                              532,014,318.26
Ending Actual Collateral Balance at 31-Dec-2004                  532,014,859.91

Monthly P&I Constant                                               1,669,953.84
Special Servicing Fee                                                      0.00
Prepayment Penalties                                                       0.00
Realization Loss Amount                                                    0.00
Cumulative Realized Loss                                                   0.00

Class A Optimal Amount                                            11,819,989.96

Ending Scheduled Balance for Premium Loans                       532,014,318.26

Scheduled Principal                                                      467.01
Unscheduled Principal                                             10,387,367.51
</TABLE>

MISCELLANEOUS REPORTING

<TABLE>
<S>                                 <C>
One-Month Libor Loan Balance         87,815,065.23
Six-Month Libor Loan Balance        443,923,291.68
Prorata Senior Percentage                95.621612%
Senior Percentage                       100.000000%
Senior Prepayment Percentage            100.000000%
Subordinate Percentage                    0.000000%
Subordinate Prepayment Percentage         0.000000%
</TABLE>