<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: SEPTEMBER 30, 2004
                       DISTRIBUTION DATE: OCTOBER 20, 2004

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                                   Certificate                               Beginning
                                      Class          Certificate            Certificate          Interest            Principal
 Class             CUSIP           Description    Pass-Through Rate           Balance          Distribution        Distribution
<S>              <C>               <C>            <C>                     <C>                  <C>                 <C>
   A             81744FAA5             SEN             2.19125%           541,882,052.06         989,499.20        7,725,924.16
  X-1            81744FAB3             IO              0.69222%                     0.00         256,829.91                0.00
  X-2            81744FAC1             IO              0.12346%                     0.00          55,752.49                0.00
  X-B            81744FAD9             IO              0.32835%                     0.00           4,189.71                0.00
  B-1            81744FAG2             SUB             2.36125%             9,375,000.00          18,447.27                0.00
  B-2            81744FAH0             SUB             2.86125%             5,937,000.00          14,156.03                0.00
  B-3            81744FAJ6             SUB             2.88346%             3,437,000.00           8,258.72                0.00
  B-4            81744FAK3             SUB             2.88346%             1,562,000.00           3,753.31                0.00
  B-5            81744FAL1             SUB             2.88346%               937,000.00           2,251.51                0.00
  B-6            81744FAM9             SUB             2.88346%             2,500,468.00           6,008.34                0.00
  A-R            81744FAF4             RES             2.57292%                     0.00               0.00                0.00
                                                                          --------------       ------------        ------------
Totals                                                                    565,630,520.06       1,359,146.49        7,725,924.16
                                                                          --------------       ------------        ------------

</TABLE>

<TABLE>
<CAPTION>
                                     Current      Ending Certificate                            Cumulative
 Class             CUSIP          Realized Loss       Balance         Total Distribution      Realized Loss
 -----             -----          -------------       -------                                 -------------
<S>              <C>              <C>             <C>                 <C>                     <C>
   A             81744FAA5             0.00         534,156,127.90         8,715,423.36            0.00
  X-1            81744FAB3             0.00                   0.00           256,829.91            0.00
  X-2            81744FAC1             0.00                   0.00            55,752.49            0.00
  X-B            81744FAD9             0.00                   0.00             4,189.71            0.00
  B-1            81744FAG2             0.00           9,375,000.00            18,447.27            0.00
  B-2            81744FAH0             0.00           5,937,000.00            14,156.03            0.00
  B-3            81744FAJ6             0.00           3,437,000.00             8,258.72            0.00
  B-4            81744FAK3             0.00           1,562,000.00             3,753.31            0.00
  B-5            81744FAL1             0.00             937,000.00             2,251.51            0.00
  B-6            81744FAM9             0.00           2,500,468.00             6,008.34            0.00
  A-R            81744FAF4             0.00                   0.00                 0.00            0.00
                                       ----         --------------         ------------            ----
Totals                                 0.00         557,904,595.90         9,085,070.65            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        541,882,052.06       592.03         7,725,332.13          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        565,630,520.06       592.03         7,725,332.13          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                  7,725,924.16        534,156,127.90           0.88840936           7,725,924.16
  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                7,725,924.16        557,904,595.90           0.89264940           7,725,924.16
                      ------------        --------------           ----------           ------------
</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        901.25913025        0.00098467         12.84878525     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

<CAPTION>
                      Total Principal     Ending Certificate    Ending Certificate       Total Principal
Class                   Reduction             Balance              Percentage             Distribution
-----                   ---------             -------              ----------             ------------
<S>                   <C>                 <C>                   <C>                      <C>
  A                     12.84976991          888.40936033          0.88840936              12.84976991
 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                    Non-
                                                Certificate/        Current         Unpaid          Current   Supported
            Original Face         Current         Notional         Accrued         Interest        Interest    Interest   Realized
 Class         Amount       Certificate Rate      Balance          Interest        Shortfall      Shortfall   Shortfall    Loss (4)
 -----         ------       ----------------      -------          --------        ---------      ---------   ---------    --------
<S>        <C>              <C>                <C>               <C>              <C>             <C>         <C>         <C>
   A       601,250,000.00       2.19125%       541,882,052.06      989,499.21        0.00            0.00        0.01       0.00
  X-1                0.00       0.69222%       445,231,466.30      256,829.91        0.00            0.00        0.00       0.00
  X-2                0.00       0.12346%       541,882,052.06       55,752.49        0.00            0.00        0.00       0.00
  X-B                0.00       0.32835%        15,312,000.00        4,189.71        0.00            0.00        0.00       0.00
  B-1        9,375,000.00       2.36125%         9,375,000.00       18,447.27        0.00            0.00        0.00       0.00
  B-2        5,937,000.00       2.86125%         5,937,000.00       14,156.03        0.00            0.00        0.00       0.00
  B-3        3,437,000.00       2.88346%         3,437,000.00        8,258.72        0.00            0.00        0.00       0.00
  B-4        1,562,000.00       2.88346%         1,562,000.00        3,753.31        0.00            0.00        0.00       0.00
  B-5          937,000.00       2.88346%           937,000.00        2,251.51        0.00            0.00        0.00       0.00
  B-6        2,500,468.00       2.88346%         2,500,468.00        6,008.34        0.00            0.00        0.00       0.00
  A-R              100.00       2.57292%                 0.00            0.00        0.00            0.00        0.00       0.00
           --------------                                        ------------        ----            ----        ----       ----
Totals     624,998,568.00                                        1,359,146.50        0.00            0.00        0.00       0.00
           --------------                                        ------------        ----            ----        ----       ----

<CAPTION>
                                 Remaining          Ending
                                  Unpaid          Certificate/
             Total Interest      Interest          Notational
 Class        Distribution       Shortfall          Balance
 -----        ------------       ---------          -------
<S>          <C>                 <C>            <C>
   A            989,499.20          0.00        534,156,127.90
  X-1           256,829.91          0.00        428,694,308.91
  X-2            55,752.49          0.00        534,156,127.90
  X-B             4,189.71          0.00         15,312,000.00
  B-1            18,447.27          0.00          9,375,000.00
  B-2            14,156.03          0.00          5,937,000.00
  B-3             8,258.72          0.00          3,437,000.00
  B-4             3,753.31          0.00          1,562,000.00
  B-5             2,251.51          0.00            937,000.00
  B-6             6,008.34          0.00          2,500,468.00
  A-R                 0.00          0.00                  0.00
              ------------          ----
Totals        1,359,146.49          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                          Non-
                         Current         Beginning                            Unpaid       Current           Supported
Class  Original Face   Certificate     Certificate/    Current Accrued      Interest       Interest          Interest     Realized
 (5)       Amount          Rate      Notional Balance      Interest         Shortfall     Shortfall          Shortfall    Loss (6)
 ---       ------          ----      ----------------      --------         ---------     ---------          ---------    --------
<S>    <C>             <C>           <C>               <C>                 <C>            <C>               <C>          <C>
  A    601,250,000.00    2.19125%       901.25913025      1.64573673       0.00000000     0.00000000        0.00000000   0.00000000
 X-1             0.00    0.69222%       740.50971526      0.42715993       0.00000000     0.00000000        0.00000000   0.00000000
 X-2             0.00    0.12346%       901.25913025      0.09272763       0.00000000     0.00000000        0.00000000   0.00000000
 X-B             0.00    0.32835%      1000.00000000      0.27362265       0.00000000     0.00000000        0.00000000   0.00000000
 B-1     9,375,000.00    2.36125%      1000.00000000      1.96770880       0.00000000     0.00000000        0.00000000   0.00000000
 B-2     5,937,000.00    2.86125%      1000.00000000      2.38437426       0.00000000     0.00000000        0.00000000   0.00000000
 B-3     3,437,000.00    2.88346%      1000.00000000      2.40288624       0.00000000     0.00000000        0.00000000   0.00000000
 B-4     1,562,000.00    2.88346%      1000.00000000      2.40288732       0.00000000     0.00000000        0.00000000   0.00000000
 B-5       937,000.00    2.88346%      1000.00000000      2.40289221       0.00000000     0.00000000        0.00000000   0.00000000
 B-6     2,500,468.00    2.88346%      1000.00000000      2,40288618       0.00000000     0.00000000        0.00000000   0.00000000
 A-R           100.00    2.57292%         0.00000000      0.00000000       0.00000000     0.00000000        0.00000000   0.00000000

<CAPTION>
                             Remaining
                              Unpaid
Class     Total Interest      Interest         Ending Certificate/
 (5)       Distribution      Shortfall         Notational Balance
 ---       ------------      ---------         -------------------
<S>       <C>               <C>                <C>
  A          1.64573672     0.00000000            888.40936033
 X-1         0.42715993     0.00000000            713.00508758
 X-2         0.09272763     0.00000000            888.40936033
 X-B         0.27362265     0.00000000           1000.00000000
 B-1         1.96770880     0.00000000           1000.00000000
 B-2         2.38437426     0.00000000           1000.00000000
 B-3         2.40288624     0.00000000           1000.00000000
 B-4         2.40288732     0.00000000           1000.00000000
 B-5         2.40289221     0.00000000           1000.00000000
 B-6         2.40288618     0.00000000           1000.00000000
 A-R         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                              9,276,711.43
           Liquidations, Insurance Proceeds, Reserve Funds                         0.00
           Proceeds from Repurchased Loans                                         0.00
           Other Amounts (Servicer Advances)                                   9,437.12
           Realized Losses (Gains, Subsequent Expenses & Recoveries)               0.00
           Prepayment Penalties                                                    0.00
                                                                           ------------
Total Deposits                                                             9,286,148.55

Withdrawals
           Reimbursement for Servicer Advances                                19,000.80
           Payment of Service Fee                                            182,077.10
           Payment of Interest and Principal                               9,085,070.65
                                                                           ------------
Total Withdrawals (Pool Distribution Amount)                               9,286,148.55

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                                     177,363.50
Master Servicing Fee                                      4,713.60
Supported Prepayment/Curtailment Interest Shortfall           0.00
                                                        ----------
Net Servicing Fee                                       182,077.10
                                                        ==========
</TABLE>

                          OTHER ACCOUNTS

<TABLE>
                             Beginning             Current             Current          Ending
     Account Type             Balance            Withdrawals           Deposits        Balance
     ------------             -------            -----------           --------        -------
<S>                          <C>                 <C>                   <C>             <C>
Class X-1 Sub Account         4,500.00               0.00                0.00          4,500.00
Class X-2 Sub Account         4,500.00               0.00                0.00          4,500.00
Class X-B Sub Account         1,000.00               0.00                0.00          1,000.00
</TABLE>

<PAGE>

             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

                                   DELINQUENT

<TABLE>
<CAPTION>
                   No. of          Principal
                   Loans           Balance
<S>              <C>             <C>
0-29 Days             0                  0.00
30 Days              12          3,832,680.00
60 Days               2            258,241.87
90 Days               0                  0.00
120 Days              0                  0.00
150 Days              0                  0.00
180+ Days             0                  0.00
                 ----------      ------------
                     14          4,090,921.87
</TABLE>

<TABLE>
<CAPTION>
                  No. of        Principal
                  Loans          Balance
<S>              <C>            <C>
0-29 Days        0.000000%      0.000000%
30 Days          0.738462%      0.686977%
60 Days          0.123077%      0.046288%
90 Days          0.000000%      0.000000%
120 Days         0.000000%      0.000000%
150 Days         0.000000%      0.000000%
180+ Days        0.000000%      0.000000%
                 --------       --------
                 0.861538%      0.733265%
</TABLE>

                                   BANKRUPTCY

<TABLE>
<CAPTION>
             No. of      Principal
             Loans        Balance
<S>        <C>           <C>
0-29 Days      0           0.00
30 Days        0           0.00
60 Days        0           0.00
90 Days        0           0.00
120 Days       0           0.00
150 Days       0           0.00
180+ Days      0           0.00
           -----         ------
               0           0.00
</TABLE>

<TABLE>
<CAPTION>
                 No. of        Principal
                 Loans          Balance
<S>             <C>            <C>
0-29 Days       0.000000%      0.000000%
30 Days         0.000000%      0.000000%
60 Days         0.000000%      0.000000%
90 Days         0.000000%      0.000000%
120 Days        0.000000%      0.000000%
150 Days        0.000000%      0.000000%
180+ Days       0.000000%      0.000000%
                --------       --------
                0.000000%      0.000000%
</TABLE>

                 FORECLOSURE

<TABLE>
<CAPTION>
             No. of            Principal
              Loans             Balance
<S>          <C>               <C>
0-29 Days       0                0.00
30 Days         0                0.00
60 Days         0                0.00
90 Days         0                0.00
120 Days        0                0.00
150 Days        0                0.00
180+ Days       0                0.00
             ----              ------
                0                0.00
</TABLE>

<TABLE>
<CAPTION>
                No. of        Principal
                Loans          Balance
<S>            <C>            <C>
0-29 Days      0.000000%      0.000000%
30 Days        0.000000%      0.000000%
60 Days        0.000000%      0.000000%
90 Days        0.000000%      0.000000%
120 Days       0.000000%      0.000000%
150 Days       0.000000%      0.000000%
180+ Days      0.000000%      0.000000%
               --------       --------
               0.000000%      0.000000%
</TABLE>

                                      REO

<TABLE>
<CAPTION>
             No. of            Principal
              Loans             Balance
<S>          <C>               <C>
0-29 Days       0                0.00
30 Days         0                0.00
60 Days         0                0.00
90 Days         0                0.00
120 Days        0                0.00
150 Days        0                0.00
180+ Days       0                0.00
             ----              ------
                0                0.00
</TABLE>

<TABLE>
<CAPTION>
                 No. of         Principal
                 Loans           Balance
<S>              <C>            <C>
0-29 Days        0.000000%      0.000000%
30 Days          0.000000%      0.000000%
60 Days          0.000000%      0.000000%
90 Days          0.000000%      0.000000%
120 Days         0.000000%      0.000000%
150 Days         0.000000%      0.000000%
180+ Days        0.000000%      0.000000%
                 --------       --------
                 0.000000%      0.000000%
</TABLE>

                                     TOTAL

<TABLE>
<CAPTION>
           No. of          Principal
            Loans           Balance
<S>        <C>             <C>
0-29 Days     0                  0.00
30 Days      12          3,832,680.00
60 Days       2            258,241.87
90 Days       0                  0.00
120 Days      0                  0.00
150 Days      0                  0.00
180+ Days     0                  0.00
           ----          ------------
             14          4,090,921.87
</TABLE>

<TABLE>
<CAPTION>
                  No. of        Principal
                  Loans          Balance
<S>              <C>            <C>
0-29 Days        0.000000%      0.000000%
30 Days          0.738462%      0.686977%
60 Days          0.123077%      0.046288%
90 Days          0.000000%      0.000000%
120 Days         0.000000%      0.000000%
150 Days         0.000000%      0.000000%
180+ Days        0.000000%      0.000000%
                 --------       --------
                 0.861538%      0.733265%
</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  9,437.12
</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    4.25672564%    95.743274%       0.000000%
Class X-1            23,748,468.00           3.79976359%      23,748,468.00    4.25672564%     0.000000%       0.000000%
Class X-2            23,748,468.00           3.79976359%      23,748,468.00    4.25672564%     0.000000%       0.000000%
Class B-1            14,373,468.00           2.29976015%      14,373,468.00    2.57633081%     1.680395%      39.476231%
Class B-2             8,436,468.00           1.34983797%       8,436,468.00    1.51217037%     1.064160%      24.999507%
Class B-3             4,999,468.00           0.79991671%       4,999,468.00    0.89611522%     0.616055%      14.472513%
Class B-4             3,437,468.00           0.54999614%       3,437,468.00    0.61613904%     0.279976%       6.577266%
Class B-5             2,500,468.00           0.40007580%       2,500,468.00    0.44818917%     0.167950%       3.945518%
Class B-6                     0.00           0.00000000%               0.00    0.00000000%     0.448189%      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                                        3.269746%
Weighted Average Net Coupon                                          2.893465%
Weighted Average Pass-Through Rate                                   2.883465%
Weighted Average Maturity (Stepdown Calculation)                          326

Beginning Scheduled Collateral Loan Count                               1,647
Number of Loans Paid in Full                                               22
Ending Scheduled Collateral Loan Count                                  1,625

Beginning Scheduled Collateral Balance                         565,630,520.49
Ending Scheduled Collateral Balance                            557,904,596.33
Ending Actual Collateral Balance at 30-Sept-2004               557,905,218.10

Monthly P&I Constant                                             1,541,815.61
Special Servicing Fee                                                    0.00
Prepayment Penalties                                                     0.00
Realization Loss Amount                                                  0.00
Cumulative Realized Loss                                                 0.00

Class A Optimal Amount                                           9,032,195.47

Ending Scheduled Balance for Premium Loans                     557,904,596.33

Scheduled Principal                                                    592.03
Unscheduled Principal                                            7,725,332.13
</TABLE>

MISCELLANEOUS REPORTING

<TABLE>
<S>                                                      <C>
One-Month Libor Loan Balance                             90,063,336.71
Six-Month Libor Loan Balance                            467,565,277.58
Prorata Senior Percentage                                    95.801417%
Senior Percentage                                           100.000000%
Senior Prepayment Percentage                                100.000000%
Subordinate Percentage                                        0.000000%
Subordinate Prepayment Percentage                             0.000000%
</TABLE>