<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: MAY 30, 2003
                        DISTRIBUTION DATE: JUNE 20, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------
                     Certificate  Certificate     Beginning
                        Class     Pass-Through   Certificate      Interest      Principal
   Class    CUSIP    Description      Rate         Balance      Distribution  Distribution
------------------------------------------------------------------------------------------
<S>       <C>        <C>          <C>           <C>             <C>           <C>
     A    81744AAA6      SEN        1.76813%    666,069,390.81    981,414.39  9,509,421.17
   X-1A   81744AAC2      IO         0.84560%              0.00    131,907.74          0.00
   X-1B   81744AAD0      IO         1.08131%              0.00    431,510.56          0.00
    X-B   81744AAE8      IO         0.49506%              0.00      4,012.48          0.00
    A-R   81744AAF5      SEN        3.25507%              0.00          0.00          0.00
    B-1   81744AAB4      SUB        2.28813%      9,726,000.00     18,545.29          0.00
    B-2   81744AAG3      SUB        2.78319%      5,764,000.00     13,368.60          0.00
    B-3   81744AAH1      SUB        2.78319%      3,962,000.00      9,189.17          0.00
    B-4   SMT0211B4      SUB        2.78319%      1,801,000.00      4,177.11          0.00
    B-5   SMT0211B5      SUB        2.78319%      1,080,000.00      2,504.87          0.00
    B-6   SMT0211B6      SUB        2.78319%      2,882,787.00      6,868.13          0.00
------------------------------------------------------------------------------------------
Totals                                          691,285,177.81  1,603,316.34  9,509,421.17
------------------------------------------------------------------------------------------

<CAPTION>
---------------------------------------------------------------------
                            Ending
             Current      Certificate        Total       Cumulative
   Class  Realized Loss     Balance       Distribution  Realized Loss
---------------------------------------------------------------------
<S>       <C>            <C>             <C>            <C>
     A        0.00       656,559,969.64  10,490,835.56      0.00
   X-1A       0.00                 0.00     131,907.74      0.00
   X-1B       0.00                 0.00     431,510.56      0.00
    X-B       0.00                 0.00       4,012.48      0.00
    A-R       0.00                 0.00           0.00      0.00
    B-1       0.00         9,726,000.00      18,545.29      0.00
    B-2       0.00         5,764,000.00      13,368.60      0.00
    B-3       0.00         3,962,000.00       9,189.17      0.00
    B-4       0.00         1,801,000.00       4,177.11      0.00
    B-5       0.00         1,080,000.00       2,504.87      0.00
    B-6       0.00         2,882,787.00       6,686.13      0.00
---------------------------------------------------------------------
Totals        0.00       681,775,756.64  11,112,737.51      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
Class              Amount             Balance         Distribution     Distribution      Accretion
--------------------------------------------------------------------------------------------------
<S>            <C>                <C>                 <C>              <C>               <C>
   A           695,210,000.00     666,069,390.81          0.00         9,509,421.17         0.00
 X-1A                    0.00               0.00          0.00                 0.00         0.00
 X-1B                    0.00               0.00          0.00                 0.00         0.00
 X-B                     0.00               0.00          0.00                 0.00         0.00
 A-R                   100.00               0.00          0.00                 0.00         0.00
 B-1             9,726,000.00       9,726,000.00          0.00                 0.00         0.00
 B-2             5,726,000.00       5,764,000.00          0.00                 0.00         0.00
 B-3             3,962,000.00       3,962,000.00          0.00                 0.00         0.00
 B-4             1,801,000.00       1,801,000.00          0.00                 0.00         0.00
 B-5             1,080,000.00       1,080,000.00          0.00                 0.00         0.00
 B-6             2,882,787.00       2,882,787.00          0.00                 0.00         0.00
              ----------------------------------------------------------------------------------
Totals         720,425,887.00     691,285,177.81          0.00         9,509,421.17         0.00
------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------
            Realized  Total Principal   Ending Certificate    Ending Certificate         Total Principal
Class       Loss (1)     Reduction            Balance             Percentage               Distribution
--------------------------------------------------------------------------------------------------------
<S>         <C>       <C>               <C>                   <C>                        <C>
   A          0.00     9,509,421.17       656,559,969.64          0.94440524              9,509,421.17
 X-1A         0.00             0.00                 0.00          0.00000000                      0.00
 X-1B         0.00             0.00                 0.00          0.00000000                      0.00
 X-B          0.00             0.00                 0.00          0.00000000                      0.00
 A-R          0.00             0.00                 0.00          0.00000000                      0.00
 B-1          0.00             0.00         9,726,000.00          1.00000000                      0.00
 B-2          0.00             0.00         5,764,000.00          1.00000000                      0.00
 B-3          0.00             0.00         3,962,000.00          1.00000000                      0.00
 B-4          0.00             0.00         1,801,000.00          1.00000000                      0.00
 B-5          0.00             0.00         1,080,000.00          1.00000000                      0.00
 B-6          0.00             0.00         2,882,787.00          1.00000000                      0.00
            ------------------------------------------------------------------------------------------
Totals        0.00     9,509,421.17       681,775,756.64          0.94635100              9,509,421.17
------------------------------------------------------------------------------------------------------
</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       958.08373126    0.00000000       13.67848732    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
--------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<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       13.67848732     944.40524394          0.94440524        13.67848732
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
              Original Face        Current          Notional          Accrued          Interest
Class             Amount      Certificate Rate      Balance           Interest         Shortfall
------------------------------------------------------------------------------------------------
<S>           <C>             <C>                <C>               <C>                 <C>
   A          695,210,000.00      1.76813%       666,069,390.81      981,414.39          0.00
 X-1A                   0.00      0.84560%       187,192,305.18      131,907.74          0.00
 X-1B                   0.00      1.08131%       478,877,085.63      431,510.56          0.00
 X-B                    0.00      0.49506%         9,726,000.00        4,012.48          0.00
 A-R                  100.00      3.25507%                 0.00            0.00          0.00
 B-1            9,726,000.00      2.28813%         9,726,000.00       18,545.29          0.00
 B-2            5,764,000.00      2.78319%         5,764,000.00       13,368.60          0.00
 B-3            3,962,000.00      2.78319%         3,962,000.00        9,189.17          0.00
 B-4            1,801,000.00      2.78319%         1,801,000.00        4,177.11          0.00
 B-5            1,080,000.00      2.78319%         1,080,000.00        2,504.87          0.00
 B-6            2,882,787.00      2.78319%         2,882,787.00        6,686.13          0.00
------------------------------------------------------------------------------------------------
Totals        720,425,887.00                                       1,603,316.34          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        981,414.39          0.00     656,559,969.64
 X-1A         0.00         0.00         0.00        131,907.74          0.00     185,587,909.79
 X-1B         0.00         0.00         0.00        431,510.56          0.00     470,972,059.85
 X-B          0.00         0.00         0.00          4,012.48          0.00       9,726,000.00
 A-R          0.00         0.00         0.00              0.00          0.00               0.00
 B-1          0.00         0.00         0.00         18,545.29          0.00       9,726,000.00
 B-2          0.00         0.00         0.00         13,368.60          0.00       5,764,000.00
 B-3          0.00         0.00         0.00          9,189.17          0.00       3,962,000.00
 B-4          0.00         0.00         0.00          4,177.11          0.00       1,801,000.00
 B-5          0.00         0.00         0.00          2,504.87          0.00       1,080,000.00
 B-6          0.00         0.00         0.00          6,686.13          0.00       2,882,787.00
-----------------------------------------------------------------------------------------------
Totals        0.00         0.00         0.00      1,603,316.34          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
Class      Original Face   Certificate      Certificate/     Current Accrued    Interest
 (5)          Amount          Rate       Notional Balance       Interest       Shortfall
-----------------------------------------------------------------------------------------
<S>       <C>              <C>           <C>                 <C>               <C>
   A      695,210,000.00    1.76813%        958.08373126       1.41168049      0.00000000
 X-1A               0.00    0.84560%        976.17307960       0.68787435      0.00000000
 X-1B               0.00    1.08131%        951.19376602       0.85710962      0.00000000
 X-B                0.00    0.49506%       1000.00000000       0.41255192      0.00000000
 A-R              100.00    3.25507%          0.00000000       0.00000000      0.00000000
 B-1        9,726,000.00    2.28813%       1000.00000000       1.90677462      0.00000000
 B-2        5,726,000.00    2.78319%       1000.00000000       2.31932686      0.00000000
 B-3        3,962,000.00    2.78319%       1000.00000000       2.31932610      0.00000000
 B-4        1,801,000.00    2.78319%       1000.00000000       2.31932815      0.00000000
 B-5        1,080,000.00    2.78319%       1000.00000000       2.31932407      0.00000000
 B-6        2,882,787.00    2.78319%       1000.00000000       2.31932848      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        1.41168049       0.00000000         944.40524394
X-1A     0.00000000     0.00000000      0.00000000        0.68787435       0.00000000         967.80645584
X-1B     0.00000000     0.00000000      0.00000000        0.85710962       0.00000000         935.49200983
X-B      0.00000000     0.00000000      0.00000000        0.41255192       0.00000000        1000.00000000
A-R      0.00000000     0.00000000      0.00000000        0.00000000       0.00000000           0.00000000
B-1      0.00000000     0.00000000      0.00000000        1.90677462       0.00000000        1000.00000000
B-2      0.00000000     0.00000000      0.00000000        2.31932686       0.00000000        1000.00000000
B-3      0.00000000     0.00000000      0.00000000        2.31932610       0.00000000        1000.00000000
B-4      0.00000000     0.00000000      0.00000000        2.31932815       0.00000000        1000.00000000
B-5      0.00000000     0.00000000      0.00000000        2.31932407       0.00000000        1000.00000000
B-6      0.00000000     0.00000000      0.00000000        2.31932848       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                11,328,400.86
         Liquidations, Insurance Proceeds, Reserve Funds            0.00
         Proceeds from Repurchased Loans                            0.00
         Other Amounts (Servicer Advances)                      1,985.13
         Realized Losses                                            0.00
         Prepayment Penalties                                       0.00
                                                           -------------
Total Deposits                                             11,330,385.99

Withdrawals
         Reimbursement for Servicer Advances                    4,867.06
         Payment of Service Fee                               212,781.41
         Payment of Interest and Principal                 11,112,737.52
                                                           -------------
Total Withdrawals (Pool Distribution Amount)               11,330,385.99

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                                   208,748.92
Master Servicing Fee                                    4,032.49
Supported Prepayment/Curtailment Interest Shortfall         0.00
                                                      ----------

Net Servicing Fee                                     212,781.41
                                                      ==========
</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                        REO
------------------------------------------------------------------------------------------------------------------------------------
             No. of    Principal              No. of    Principal               No. of   Principal               No. of   Principal
             Loans     Balance                 Loans     Balance                Loans     Balance                 Loans    Balance
<S>        <C>        <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     0-29 Days      0        0.00
30 Days        2      684,707.14  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     60 Days        0        0.00
90 Days        0            0.00  90 Days        0         0.00    90 Days        0        0.00     90 Days        0        0.00
120 Days       1      123,750.00  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     150 Days       0        0.00
180+ Days      0            0.00  180+ Days      0         0.00    180+ Days      0        0.00     180+ Days      0        0.00
           ---------------------             -------------------              -------------------              --------- --------
               3      808,457.14                 0         0.00                   0        0.00                    0        0.00

             No. of    Principal              No. of    Principal               No. of   Principal               No. of   Principal
             Loans     Balance                 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%  0-29 Days  0.000000%  0.000000%
30 Days    0.102775%  0.100431%   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%  60 Days    0.000000%  0.000000%
90 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   0.051387%  0.018151%   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%  150 Days   0.000000%  0.000000%
180+ Days  0.000000%  0.000000%   180+ Days  0.000000%  0.000000%  180+ Days  0.000000%  0.000000%  180+ Days  0.000000%  0.000000%
           -------------------               -------------------              -------------------              --------- ---------
           0.154162%  0.118582%              0.000000%  0.000000%             0.000000%  0.000000%             0.000000%  0.000000%
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

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

<TABLE>
<CAPTION>

----------------------------------
              TOTAL
----------------------------------
              No. of     Principal
              Loans       Balance
<S>        <C>          <C>
0-29 Days      0              0.00
30 Days        2        684,707.14
60 Days        0              0.00
90 Days        0              0.00
120 Days       1        123,750.00
150 Days       0              0.00
180+ Days      0              0.00
           -----------------------
               3        808,457.14

             No. of      Principal
             Loans        Balance

0-29 Days  0.000000%     0.000000%
30 Days    0.102775%     0.100431%
60 Days    0.000000%     0.000000%
90 Days    0.000000%     0.000000%
120 Days   0.051387%     0.018151%
150 Days   0.000000%     0.000000%
180+ Days  0.000000%     0.000000%
           ----------------------
           0.154162%     0.118582%
---------------------------------
                  1,985.13
</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     3.69854556%      96.301454%        0.000000%
Class B-1     15,489,787.00       2.15008751%     15,489,787.00     2.27197680%       1.426569%       38.571075%
Class B-2      9,725,787.00       1.35000521%      9,725,787.00     1.42653752%       0.845439%       22.858696%
Class B-3      5,763,787.00       0.80005273%      5,763,787.00     0.84540803%       0.581129%       15.712379%
Class B-4      3,962,787.00       0.55006172%      3,962,787.00     0.58124493%       0.264163%        7.142351%
Class B-5      2,882,787.00       0.40015039%      2,882,787.00     0.42283507%       0.158410%        4.283031%
Class B-6              0.00       0.00000000%              0.00     0.00000000%       0.422835%       11.432469%

Please refer to the prospectus supplement for a full description of loss exposure
-----------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------
                    Original $          Original %         Current $            Current %
<S>               <C>                  <C>               <C>                   <C>
    Bankruptcy       119,754.00        0.01662267%          119,754.00         0.01756501%
         Fraud    21,612,777.00        3.00000005%       21,612,777.00         3.17007121%
Special Hazard    11,600,000.00        1.61015869%       11,600,000.00         1.70143920%

Limit of subordinate's exposure to certain types of losses
------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

                              COLLATERAL STATEMENT

<TABLE>
<S>                                                        <C>
Collateral Description                                         Mixed ARM

Weighted Average Gross Coupon                                   3.152559%
Weighted Average Net Coupon                                     2.790192%
Weighted Average Pass-Through Rate                              2.783192%
Weighted Average Maturity (Stepdown Calculation)                      319

Beginning Scheduled Collateral Loan Count                           1,969
Number of Loans Paid in Full                                           23
Ending Scheduled Collateral Loan Count                              1,946

Beginning Scheduled Collateral Balance                     681,285,177.81
Ending Scheduled Collateral Balance                        681,775,756.64
Ending Actual Collateral Balance at 30-May-2003            681,771,323.87

Monthly P&I Constant                                         1,816,097.75
Special Servicing Fee                                                0.00
Prepayment Penalties                                                 0.00
Realization Loss Amount                                              0.00
Cumulative Realized Loss                                             0.00

Class A Optimal Amount                                      10,490,835.56

Ending Scheduled Balance for Premium Loans                 681,775,756.64

Scheduled Principal                                                  0.00
Unscheduled Principal                                        9,509,421.17
</TABLE>

                             MISCELLANEOUS REPORTING

<TABLE>
<S>                                                    <C>
Pro Rata Senior Percentage                                 96.352332%
Senior Percentage                                         100.000000%
Senior Prepayment Percentage                              100.000000%
Subordinate Percentage                                      0.000000%
Subordinate Prepayment Percentage                           0.000000%
One Month LIBOR Loan Balance                           192,715,583.45
Six Month LIBOR Loan Balance                           489,060,173.19
</TABLE>