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                       Report of Independent Accountants


WPS Receivable Corporation
507 West Tenth Street
P.O. Box 71
West Point, Georgia 31833
as Transferor of the Receivables

WestPoint Stevens Inc.
507 West Tenth Street
P.O. Box 71
West Point, Georgia 31833
as Servicer of the Receivables

Chase Manhattan Bank
450 West 33rd Street, 15th Floor
New York, New York 10001
as Trustee

Standard & Poor's Ratings Group
26 Broadway, 20th Floor
New York, New York 10004-1064
as Rating Agency

Moody's Investors Service
99 Church Street, 4th Floor
New York, New York 10007
as Rating Agency


We have performed the procedures enumerated below, which were agreed to by WPS
Receivables Corporation as Transferor of the Receivables, WestPoint Stevens
Inc. as servicer of the Receivables and Chase Manhattan Bank as the Trustee,
solely to assist you with respect to the servicing records of WestPoint Stevens
Inc. for the year ended December 31, 1997, in accordance with the requirements
of Section 3.07 of the Pooling and Servicing Agreement dated as of December 10,
1993, and amended and restated as of May 27, 1994, between WPS Receivables
Corporation as Transferor of the Receivables and WestPoint Stevens Inc. as
Servicer of the Receivables and Chase Manhattan Bank as Trustee (the "Servicing
Agreement").  This engagement to apply agreed-upon procedures was performed in
accordance with standards established by the American Institute of Certified
Public Accountants.  The sufficiency of the procedures is solely the
responsibility of the specified users of the report.  Consequently, we make no
representation regarding the sufficiency of the procedures described below
either for the purpose for which this report has been requested or for any
other purpose.
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Unless otherwise indicated, the following conventions have been adopted in
presenting our procedures and findings:

         -    The term "compared" means compared to and found to be materially
              in agreement with, unless otherwise noted.

         -    For purposes of this letter, materiality is defined to be amounts
              equal to or exceeding $1 million.

         -    Certain terms herein are defined in the Servicing Agreement and
              are used with the meaning set forth therein.

At your request, our procedures were as follows:

We have (i) read the Servicing Agreement and (ii) performed the additional
procedures as follows:

         a.   We compared all material amounts appearing in the settlement
              reports filed for the year ended December 31, 1997 with the
              records from which such amounts were derived.

         b.   We randomly selected a sample of 25 daily reports from the
              population of daily reports filed covering the year ended December
              31, 1997. We compared all material amounts appearing in the sample
              daily reports with the records from which such amounts were
              derived.

         c.   We proved the mathematical accuracy of the amounts or percentages
              in the settlement reports and the sample daily reports.

No material exceptions were found in performing these procedures.

We were not engaged to, and did not perform an audit, the objective of which
would be the expression of an opinion on the specified elements, accounts or
items thereof. Accordingly, we do not express such an opinion. Had we performed
additional procedures, other matters might have come to our attention that
would have been reported to you.

This letter relates only to the items specified above and does not extend to
any financial statements or financial information of WestPoint Stevens Inc.,
WPS Receivables Corporation or WestPoint Stevens Receivable Master Trust and
should not be associated with such financial statements or financial
information.

This report is intended solely for the use of the specified users listed above
and should not be used by those who have not agreed to the procedures and taken
responsibility for the sufficiency of the procedures for their purposes.



February 5, 1998                             /s/ Ernst & Young LLP
Columbus, Georgia