<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 2002-11
                         RECORD DATE: FEBRUARY 27, 2004
                        DISTRIBUTION DATE: MARCH 22, 2004

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                     Certificate    Certificate
                        Class      Pass-Through        Beginning               Interest               Principal
Class      CUSIP     Description       Rate       Certificate Balance        Distribution            Distribution
-----    ---------   -----------   ------------   -------------------       --------------           ------------
<S>      <C>         <C>           <C>            <C>                       <C>                      <C>
  A      81744AAA6       SEN         1.54125%       584,215,375.34             750,351.62            7,588,876.33
 X-1A    81744AAC2        IO         0.92588%                 0.00             131,438.51                    0.00
 X-1B    81744AAD0        IO         1.11677%                 0.00             385,159.58                    0.00
 X-B     81744AAE8        IO         0.54111%                 0.00               4,385.71                    0.00
 A-R     81744AAF5       SEN         3.24970%                 0.00                   0.00                    0.00
 B-1     81744AAB4       SUB         2.06125%         9,726,000.00              16,706.43                    0.00
 B-2     81744AAG3       SUB         2.60236%         5,764,000.00              12,500.01                    0.00
 B-3     81744AAH1       SUB         2.60236%         3,962,000.00               8,592.13                    0.00
 B-4     SMT0211B4       SUB         2.60236%         1,801,000.00               3,905.71                    0.00
 B-5     SMT0211B5       SUB         2.60236%         1,080,000.00               2,342.13                    0.00
 B-6     SMT0211B6       SUB         2.60236%         2,882,787.00               6,251.71                    0.00
                                                    --------------           ------------            ------------
Totals                                              609,431,162.34           1,321,633.54            7,588,876.33
                                                    --------------           ------------            ------------

<CAPTION>
                        Current         Ending Certificate            Total              Cumulative
Class      CUSIP     Realized Loss            Balance             Distribution          Realized Loss
-----    ---------   -------------      ------------------        ------------          -------------
<S>      <C>         <C>                <C>                       <C>                   <C>
  A      81744AAA6        0.00            576,626,499.01          8,339,227.95               0.00
 X-1A    81744AAC2        0.00                      0.00            131,438.51               0.00
 X-1B    81744AAD0        0.00                      0.00            385,159.58               0.00
 X-B     81744AAE8        0.00                      0.00              4,385.71               0.00
 A-R     81744AAF5        0.00                      0.00                  0.00               0.00
 B-1     81744AAB4        0.00              9,726,000.00             16,706.43               0.00
 B-2     81744AAG3        0.00              5,764,000.00             12,500.01               0.00
 B-3     81744AAH1        0.00              3,962,000.00              8,592.13               0.00
 B-4     SMT0211B4        0.00              1,801,000.00              3,905.71               0.00
 B-5     SMT0211B5        0.00              1,080,000.00              2,342.13               0.00
 B-6     SMT0211B6        0.00              2,882,787.00              6,251.71               0.00
                          ----            --------------          ------------               ----
Totals                    0.00            601,842,286.01          8,910,509.87               0.00
                          ----            --------------          ------------               ----
</TABLE>

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

<PAGE>

                        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       695,210,000.00   584,215,375.34        0.01        7,588,876.32       0.00      0.00
 X-1A               0.00             0.00        0.00                0.00       0.00      0.00
 X-1B               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
 A-R              100.00             0.00        0.00                0.00       0.00      0.00
 B-1        9,726,000.00     9,726,000.00        0.00                0.00       0.00      0.00
 B-2        5,764,000.00     5,764,000.00        0.00                0.00       0.00      0.00
 B-3        3,962,000.00     3,962,000.00        0.00                0.00       0.00      0.00
 B-4        1,801,000.00     1,801,000.00        0.00                0.00       0.00      0.00
 B-5        1,080,000.00     1,080,000.00        0.00                0.00       0.00      0.00
 B-6        2,882,787.00     2,882,787.00        0.00                0.00       0.00      0.00
          --------------   --------------        ----        ------------       ----      ----
Totals    720,425,887.00   609,431,162.34        0.01        7,588,876.32       0.00      0.00
          --------------   --------------        ----        ------------       ----      ----

<CAPTION>
          Total Principal     Ending Certificate    Ending Certificate         Total Principal
Class        Reduction             Balance              Percentage               Distribution
------    ---------------     ------------------    ------------------         ---------------
<S>       <C>                 <C>                   <C>                        <C>
  A         7,588,876.33        576,626,499.01          0.82942780               7,588,876.33
 X-1A               0.00                  0.00          0.00000000                       0.00
 X-1B               0.00                  0.00          0.00000000                       0.00
 X-B                0.00                  0.00          0.00000000                       0.00
 A-R                0.00                  0.00          0.00000000                       0.00
 B-1                0.00          9,726,000.00          1.00000000                       0.00
 B-2                0.00          5,764,000.00          1.00000000                       0.00
 B-3                0.00          3,962,000.00          1.00000000                       0.00
 B-4                0.00          1,801,000.00          1.00000000                       0.00
 B-5                0.00          1,080,000.00          1.00000000                       0.00
 B-6                0.00          2,882,787.00          1.00000000                       0.00
            ------------        --------------          ----------               ------------
Totals      7,588,876.33        601,842,286.01          0.83539792               7,588,876.33
            ------------        --------------          ----------               ------------
</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.

                    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       695,210,000.00     840.34374554     0.00000001      10.91594816    0.00000000
 X-1A               0.00       0.00000000     0.00000000       0.00000000    0.00000000
 X-1B               0.00       0.00000000     0.00000000       0.00000000    0.00000000
 X-B                0.00       0.00000000     0.00000000       0.00000000    0.00000000
 A-R              100.00       0.00000000     0.00000000       0.00000000    0.00000000
 B-1        9,726,000.00    1000.00000000     0.00000000       0.00000000    0.00000000
 B-2        5,764,000.00    1000.00000000     0.00000000       0.00000000    0.00000000
 B-3        3,962,000.00    1000.00000000     0.00000000       0.00000000    0.00000000
 B-4        1,801,000.00    1000.00000000     0.00000000       0.00000000    0.00000000
 B-5        1,080,000.00    1000.00000000     0.00000000       0.00000000    0.00000000
 B-6        2,882,787.00    1000.00000000     0.00000000       0.00000000    0.00000000

<CAPTION>
                                                  Ending
           Realized     Total Principal         Certificate       Ending Certificate         Total Principal
Class      Loss (3)        Reduction              Balance             Percentage              Distribution
------    ----------    ---------------        -------------      ------------------         ---------------
<S>       <C>           <C>                    <C>                <C>                        <C>
  A       0.00000000      10.91594817           829.42779737          0.82942780               10.91594817
 X-1A     0.00000000       0.00000000             0.00000000          0.00000000                0.00000000
 X-1B     0.00000000       0.00000000             0.00000000          0.00000000                0.00000000
 X-B      0.00000000       0.00000000             0.00000000          0.00000000                0.00000000
 A-R      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
</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.

<PAGE>

                         INTEREST DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
                                                     Beginning                       Payment of
                                                   Certificate/         Current        Unpaid       Current
           Original Face         Current             Notional           Accrued       Interest      Interest
 Class        Amount         Certificate Rate         Balance          Interest       Shortfall    Shortfall
------    --------------     ----------------     --------------     ------------    ----------    ---------
<S>       <C>                <C>                  <C>                <C>             <C>           <C>
  A       695,210,000.00         1.54125%         584,215,375.34       750,351.62       0.00          0.00
 X-1A               0.00         0.92588%         170,352,451.10       131,438.51       0.00          0.00
 X-1B               0.00         1.11677%         413,862,924.24       385,159.58       0.00          0.00
  X-B               0.00         0.54111%           9,726,000.00         4,385.71       0.00          0.00
  A-R             100.00         3.24970%                   0.00             0.00       0.00          0.00
  B-1       9,726,000.00         2.06125%           9,726,000.00        16,706.43       0.00          0.00
  B-2       5,764,000.00         2.60236%           5,764,000.00        12,500.01       0.00          0.00
  B-3       3,962,000.00         2.60236%           3,962,000.00         8,592.13       0.00          0.00
  B-4       1,801,000.00         2.60236%           1,801,000.00         3,905.71       0.00          0.00
  B-5       1,080,000.00         2.60236%           1,080,000.00         2,342.13       0.00          0.00
  B-6       2,882,787.00         2.60236%           2,882,787.00         6,251.71       0.00          0.00
          --------------                                             ------------       ----          ----
Totals    720,425,887.00                                             1,321,633.54       0.00          0.00
          --------------                                             ------------       ----          ----

<CAPTION>
             Non-                                      Remaining        Ending
          Supported                                      Unpaid      Certificate/
           Interest    Realized    Total Interest      Interest       Notational
 Class    Shortfall    Loss (4)     Distribution       Shortfall        Balance
------    ---------    --------    --------------      ---------    --------------
<S>       <C>          <C>         <C>                 <C>          <C>
   A         0.02        0.00         750,351.62          0.00      576,626,499.01
 X-1A        0.00        0.00         131,438.51          0.00      167,901,820.69
 X-1B        0.00        0.00         385,159.58          0.00      408,724,678.32
  X-B        0.00        0.00           4,385.71          0.00        9,726,000.00
  A-R        0.00        0.00               0.00          0.00                0.00
  B-1        0.00        0.00          16,706.43          0.00        9,726,000.00
  B-2        0.00        0.00          12,500.01          0.00        5,764,000.00
  B-3        0.00        0.00           8,592.13          0.00        3,962,000.00
  B-4        0.00        0.00           3,905.71          0.00        1,801,000.00
  B-5        0.00        0.00           2,342.13          0.00        1,080,000.00
  B-6        0.00        0.00           6,251.71          0.00        2,882,787.00
             ----        ----       ------------          ----
Totals       0.02        0.00       1,321,633.54          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.

                     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        695,210,000.00       1.54125%        840.34374554       1.07931649      0.00000000     0.00000000
X-1A                0.00       0.92588%        888.35637046       0.68542740      0.00000000     0.00000000
X-1B                0.00       1.11677%        822.05610862       0.76504264      0.00000000     0.00000000
 X-B                0.00       0.54111%       1000.00000000       0.45092638      0.00000000     0.00000000
 A-R              100.00       3.24970%          0.00000000       0.00000000      0.00000000     0.00000000
 B-1        9,726,000.00       2.06125%       1000.00000000       1.71770820      0.00000000     0.00000000
 B-2        5,764,000.00       2.60236%       1000.00000000       2.16863463      0.00000000     0.00000000
 B-3        3,962,000.00       2.60236%       1000.00000000       2.16863453      0.00000000     0.00000000
 B-4        1,801,000.00       2.60236%       1000.00000000       2.16863409      0.00000000     0.00000000
 B-5        1,080,000.00       2.60236%       1000.00000000       2.16863889      0.00000000     0.00000000
 B-6        2,882,787.00       2.60236%       1000.00000000       2.16863403      0.00000000     0.00000000

<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        0.00000003      0.00000000       1.07931649     0.00000000        829.42779737
X-1A      0.00000000      0.00000000       0.68542740     0.00000000        875.57678835
X-1B      0.00000000      0.00000000       0.76504264     0.00000000        811.85000849
 X-B      0.00000000      0.00000000       0.45092638     0.00000000       1000.00000000
 A-R      0.00000000      0.00000000       0.00000000     0.00000000          0.00000000
 B-1      0.00000000      0.00000000       1.71770820     0.00000000       1000.00000000
 B-2      0.00000000      0.00000000       2.16863463     0.00000000       1000.00000000
 B-3      0.00000000      0.00000000       2.16863453     0.00000000       1000.00000000
 B-4      0.00000000      0.00000000       2.16863409     0.00000000       1000.00000000
 B-5      0.00000000      0.00000000       2.16863889     0.00000000       1000.00000000
 B-6      0.00000000      0.00000000       2.16863403     0.00000000       1000.00000000
</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.

<PAGE>

                       CERTIFICATEHOLDER ACCOUNT STATEMENT

                               CERTIFICATE ACCOUNT

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

Deposits
            Payments of Interest and Principal                                                           9,097,925.35
            Liquidations, Insurance Proceeds, Reserve Funds                                                      0.00
            Proceeds from Repurchased Loans                                                                      0.00
            Other Amounts (Servicer Advances)                                                                  988.95
            Realized Losses                                                                                      0.00
            Prepayment Penalties                                                                                 0.00
                                                                                                         ------------
Total Deposits                                                                                           9,098,914.30

Withdrawals
            Reimbursement for Servicer Advances                                                              1,077.08
            Payment of Service Fee                                                                         187,327.34
            Payment of Interest and Principal                                                            8,910,509.88
                                                                                                         ------------
Total Withdrawals (Pool Distribution Amount)                                                             9,098,914.30

Ending Balance                                                                                                   0.00
                                                                                                         ============
</TABLE>

                    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                                                                                  183,772.32
Master Servicing Fee                                                                                   3,555.02
Supported Prepayment/Curtailment Interest Shortfall                                                        0.00
                                                                                                     ----------
Net Servicing Fee                                                                                    187,327.34
                                                                                                     ==========
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
                                                       Beginning                Current                Current             Ending
           Account Type                                 Balance               Withdrawals             Deposits            Balance
---------------------------------                      ---------              -----------             --------            --------
<S>                                                    <C>                    <C>                     <C>                 <C>
Class X-1 Basis Risk Reserve Fund                      5,000.00                  0.00                   0.00              5,000.00
Class X-B Basis Risk Reserve Fund                      5,000.00                  0.00                   0.00              5,000.00
</TABLE>

             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          0           0.00  30 Days         0         0.00      30 Days        0          0.00
60 Days          0           0.00  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         1     431,542.26  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
               ---     ----------                ---         ----                   ---          ----
                 1     431,542.26                  0         0.00                     0          0.00

             No. of    Principal                No. of     Principal                No. of    Principal
              Loans     Balance                  Loans      Balance                 Loans      Balance

0-29 Days   0.000000%    0.000000% 0-29 Days   0.000000%    0.000000%  0-29 Days   0.000000%   0.000000%
30 Days     0.000000%    0.000000% 30 Days     0.000000%    0.000000%  30 Days     0.000000%   0.000000%
60 Days     0.000000%    0.000000% 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    0.057208%    0.071704% 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%
            --------   ----------              --------    ---------               --------   ---------
            0.057208%    0.071704%             0.000000%    0.000000%              0.000000%   0.000000%

<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          0            0.00
60 Days          0        0.00       60 Days          0            0.00
90 Days          0        0.00       90 Days          0            0.00
120 Days         0        0.00       120 Days         1      431,542.26
150 Days         0        0.00       150 Days         0            0.00
180+ Days        0        0.00       180+ Days        0            0.00
               ---        ----                      ---      ----------
                 0        0.00                        1      431,542.26

              No. of   Principal                   No. of    Principal
              Loans     Balance                    Loans      Balance

0-29 Days    0.000000%  0.000000%    0-29 Days    0.000000%    0.000000%
30 Days      0.000000%  0.000000%    30 Days      0.000000%    0.000000%
60 Days      0.000000%  0.000000%    60 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     0.057208%    0.071704%
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%                 0.057208%    0.071704%
</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  988.95
</TABLE>

<PAGE>

Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage

<TABLE>
<CAPTION>
                   Original $        Original %        Current $       Current %       Current Class %     Prepayment %
                  -------------      ----------      -------------     ----------      --------------      ------------
<S>               <C>                <C>             <C>               <C>             <C>                 <C>
 Class A          25,215,787.00      3.50012228%     25,215,787.00     4.18976659%          95.810233%         0.000000%
Class X-1-A       25,215,787.00      3.50012228%     25,215,787.00     4.18976659%           0.000000%         0.000000%
Class X-1-B       25,215,787.00      3.50012228%     25,215,787.00     4.18976659%           0.000000%         0.000000%
Class B-1         15,489,787.00      2.15008751%     15,489,787.00     2.57372859%           1.616038%        38.571075%
Class B-2          9,725,787.00      1.35000521%      9,725,787.00     1.61600260%           0.957726%        22.858696%
Class B-3          5,763,787.00      0.80005273%      5,763,787.00     0.95769060%           0.658312%        15.712379%
Class B-4          3,962,787.00      0.55006172%      3,962,787.00     0.65844277%           0.299248%         7.142351%
Class B-5          2,882,787.00      0.40015039%      2,882,787.00     0.47899376%           0.179449%         4.283031%
Class B-6                  0.00      0.00000000%              0.00     0.00000000%           0.478994%        11.432469%
</TABLE>

Please refer to the prospectus supplement for a full description of loss
exposure

<TABLE>
<CAPTION>
                         Original $                    Original %                 Current $                  Current %
<S>                    <C>                             <C>                      <C>                          <C>
    Bankruptcy            119,754.00                   0.01662267%                 119,754.00                0.01989790%
         Fraud         21,612,777.00                   3.00000005%              12,860,062.82                2.13678286%
Special Hazard         11,600,000.00                   1.61015869%              11,600,000.00                1.92741525%
</TABLE>

Limit of subordinate's exposure to certain types of losses

<PAGE>

                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                                                           Mixed ARM
<S>                                                                            <C>
Weighted Average Gross Coupon                                                        2.971218%
Weighted Average Net Coupon                                                          2.609362%
Weighted Average Pass-Through Rate                                                   2.602362%
Weighted Average Maturity (Stepdown Calculation)                                          310

Beginning Scheduled Collateral Loan Count                                               1,766
Number of Loans Paid in Full                                                               18
Ending Scheduled Collateral Loan Count                                                  1,748

Beginning Scheduled Collateral Balance                                         609,431,162.34
Ending Scheduled Collateral Balance                                            601,842,286.01
Ending Actual Collateral Balance at 27-Feb-2004                                601,840,930.16

Monthly P&I Constant                                                             1,508,960.93
Special Servicing Fee                                                                    0.00
Prepayment Penalties                                                                     0.00
Realization Loss Amount                                                                  0.00
Cumulative Realized Loss                                                                 0.00

Class A Optimal Amount                                                           8,339,227.95

Ending Scheduled Balance for Premium Loans                                     601,842,286.01

Scheduled Principal                                                                      0.01
Unscheduled Principal                                                            7,588,876.32
</TABLE>

                             MISCELLANEOUS REPORTING

<TABLE>
<S>                                                                                           <C>
Pro Rata Senior Percentage                                                                        95.862406%
Senior Percentage                                                                                100.000000%
Senior Prepayment Percentage                                                                     100.000000%
Subordinate Percentage                                                                             0.000000%
Subordinate Prepayment Percentage                                                                  0.000000%
One Month LIBOR Loan Balance                                                                  175,244,141.16
Six Month LIBOR Loan Balance                                                                  426,598,144.85
</TABLE>