<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: OCTOBER 29, 2004
                      DISTRIBUTION DATE: NOVEMBER 22, 2004

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                   Certificate  Certificate      Beginning
                      Class         Pass-       Certificate     Interest
 Class    CUSIP    Description  Through Rate      Balance     Distribution
 -----    -----    -----------  ------------      -------     ------------
<S>     <C>        <C>          <C>           <C>             <C>
   A    81744FAA5      SEN        2.19125%    534,156,127.90    975,391.34
  X-1   81744FAB3       IO        0.71831%              0.00    256,613.48
  X-2   81744FAC1       IO        0.14182%              0.00     63,128.72
  X-B   81744FAD9       IO        0.27525%              0.00      3,262.66
  B-1   81744FAG2      SUB        2.46000%      9,375,000.00     19,218.75
  B-2   81744FAH0      SUB        2.96000%      5,937,000.00     14,644.60
  B-3   81744FAJ6      SUB        2.90956%      3,437,000.00      8,333.47
  B-4   81744FAK3      SUB        2.90956%      1,562,000.00      3,787.28
  B-5   81744FAL1      SUB        2.90956%        937,000.00      2,271.88
  B-6   81744FAM9      SUB        2.90956%      2,500,468.00      6,062.72
  A-R   81744FAF4      RES        2.57226%              0.00          0.00
        ---------      ---        -------     --------------  ------------
Totals                                        557,904,595.90  1,352,714.90
        ---------      ---        -------     --------------  ------------
<CAPTION>
                                            Ending
            Principal      Current       Certificate      Total         Cumulative
 Class    Distribution  Realized Loss      Balance     Distribution    Realized Loss
 -----    ------------  -------------      -------     ------------    -------------
<S>       <C>           <C>            <C>             <C>             <C>
   A      6,489,798.85      0.00       527,666,329.05  7,465,190.19        0.00
  X-1             0.00      0.00                 0.00    256,613.48        0.00
  X-2             0.00      0.00                 0.00     63,128.72        0.00
  X-B             0.00      0.00                 0.00      3,262.66        0.00
  B-1             0.00      0.00         9,375,000.00     19,218.75        0.00
  B-2             0.00      0.00         5,937,000.00     14,644.60        0.00
  B-3             0.00      0.00         3,347,000.00      8,333.47        0.00
  B-4             0.00      0.00         1,562,000.00      3,787.28        0.00
  B-5             0.00      0.00           937,000.00      2,271.88        0.00
  B-6             0.00      0.00         2,500,468.00      6,062.72        0.00
  A-R             0.00      0.00                 0.00          0.00        0.00
          ------------      ----       --------------  ------------        ----
Totals    6,489,798.85      0.00       551,414,797.05  7,842,513.75        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
 Class           Amount             Balance         Distribution   Distribution     Accretion
 -----           ------             -------         ------------   ------------     ---------
<S>          <C>                <C>                 <C>            <C>              <C>
   A         601,250,000.00     534,156,127.90         642.77      6,489,156.08        0.00
  X-1                  0.00               0.00           0.00              0.00        0.00
  X-2                  0.00               0.00           0.00              0.00        0.00
  X-B                  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
  B-2          5,937,000.00       5,937,000.00           0.00              0.00        0.00
  B-3          3,437,000.00       3,437,000.00           0.00              0.00        0.00
  B-4          1,562,000.00       1,562,000.00           0.00              0.00        0.00
  B-5            937,000.00         937,000.00           0.00              0.00        0.00
  B-6          2,500,468.00       2,500,468.00           0.00              0.00        0.00
  A-R                100.00               0.00           0.00              0.00        0.00
             --------------     --------------         ------      ------------        ----
Totals       624,998,568.00     557,904,595.90         642.77      6,489,156.08        0.00
             --------------     --------------         ------      ------------        ----
<CAPTION>
                              Total             Ending                 Ending
                Realized     Principal        Certificate           Certificate      Total Principal
 Class          Loss (1)     Reduction          Balance              Percentage       Distribution
 -----          --------     ---------          -------              ----------       ------------
<S>             <C>        <C>               <C>                    <C>              <C>
   A              0.00     6,489,798.85      527,666,329.05          0.87761552       6,489,798.85
  X-1             0.00             0.00                0.00          0.00000000               0.00
  X-2             0.00             0.00                0.00          0.00000000               0.00
  X-B             0.00             0.00                0.00          0.00000000               0.00
  B-1             0.00             0.00        9,375,000.00          1.00000000               0.00
  B-2             0.00             0.00        5,937,000.00          1.00000000               0.00
  B-3             0.00             0.00        3,437,000.00          1.00000000               0.00
  B-4             0.00             0.00        1,562,000.00          1.00000000               0.00
  B-5             0.00             0.00          937,000.00          1.00000000               0.00
  B-6             0.00             0.00        2,500,468.00          1.00000000               0.00
  A-R             0.00             0.00                0.00          0.00000000               0.00
                  ----     ------------      --------------          ----------       ------------
Totals            0.00     6,489,798.85      551,414,797.05          0.88226570       6,489,798.85
                  ----     ------------      --------------          ----------       ------------
</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
Class          Amount            Balance       Distribution    Distribution    Accretion
-----          ------            -------       ------------    ------------    ---------
<S>        <C>                <C>              <C>             <C>            <C>
  A        601,250,000.00      888.40936033     0.00106906     10.79277519    0.00000000
 X-1                 0.00        0.00000000     0.00000000      0.00000000    0.00000000
 X-2                 0.00        0.00000000     0.00000000      0.00000000    0.00000000
 X-B                 0.00        0.00000000     0.00000000      0.00000000    0.00000000
 B-1         9,375,000.00     1000.00000000     0.00000000      0.00000000    0.00000000
 B-2         5,937,000.00     1000.00000000     0.00000000      0.00000000    0.00000000
 B-3         3,437,000.00     1000.00000000     0.00000000      0.00000000    0.00000000
 B-4         1,562,000.00     1000.00000000     0.00000000      0.00000000    0.00000000
 B-5           937,000.00     1000.00000000     0.00000000      0.00000000    0.00000000
 B-6         2,500,468.00     1000.00000000     0.00000000      0.00000000    0.00000000
 A-R               100.00        0.00000000     0.00000000      0.00000000    0.00000000
           --------------      ------------     ----------     -----------    ----------
<CAPTION>
                                   Total             Ending                Ending
                 Realized        Principal         Certificate          Certificate      Total Principal
Class            Loss (3)        Reduction           Balance             Percentage        Distribution
-----            --------        ---------           -------             ----------        ------------
<S>             <C>             <C>               <C>                   <C>              <C>
  A             0.00000000      10.79384424        877.61551609          0.87761552        10.79384424
 X-1            0.00000000       0.00000000          0.00000000          0.00000000         0.00000000
 X-2            0.00000000       0.00000000          0.00000000          0.00000000         0.00000000
 X-B            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
 A-R            0.00000000       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
                                     Current     Certificate/       Current        Unpaid
               Original Face       Certificate     Notional         Accrued       Interest
 Class            Amount               Rate         Balance        Interest      Shortfall
 -----            ------               ----         -------        --------      ---------
<S>           <C>                  <C>          <C>              <C>            <C>
   A          601,250,000.00         2.19125%   534,156,127.90     975,391.35      0.00
  X-1                   0.00         0.71831%   428,694,308.91     256,613.48      0.00
  X-2                   0.00         0.14182%   534,156,127.90      63,128.72      0.00
  X-B                   0.00         0.27525%    15,312,000.00       3,512.20      0.00
  B-1           9,375,000.00         2.46000%     9,375,000.00      19,218.75      0.00
  B-2           5,937,000.00         2.96000%     5,937,000.00      14,644.60      0.00
  B-3           3,437,000.00         2.90956%     3,437,000.00       8,333.47      0.00
  B-4           1,562,000.00         2.90956%     1,562,000.00       3,787.28      0.00
  B-5             937,000.00         2.90956%       937,000.00       2,271.88      0.00
  B-6           2,500,468.00         2.90956%     2,500,468.00       6,062.72      0.00
  A-R                 100.00         2.57226%             0.00           0.00      0.00
              --------------         -------    --------------   ------------      ----
Totals        624,998,568.00                                     1,352,964.45      0.00
              --------------         -------    --------------   ------------      ----
<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         0.01         0.00       975,391.34          0.00     527,666,329.05
  X-1               0.00         0.00         0.00       256,613.48          0.00     412,740,282.52
  X-2               0.00         0.00         0.00        63,128.72          0.00     527,666,329.05
  X-B               0.00         0.00         0.00         3,262.66          0.00      15,312,000.00
  B-1               0.00         0.00         0.00        19,218.75          0.00       9,375,000.00
  B-2               0.00         0.00         0.00        14,644.60          0.00       5,937,000.00
  B-3               0.00         0.00         0.00         8,333.47          0.00       3,437,000.00
  B-4               0.00         0.00         0.00         3,787.28          0.00       1,562,000.00
  B-5               0.00         0.00         0.00         2,271.88          0.00         937,000.00
  B-6               0.00         0.00         0.00         6,062.72          0.00       2,500,468.00
  A-R               0.00         0.00         0.00             0.00          0.00               0.00
                    ----         ----         ----     ------------          ----     --------------
Totals              0.00         0.00         0.00     1,352,714.90          0.00
                    ----         ----         ----     ------------          ----     --------------
</TABLE>

(4) Amount does not include excess special hazard, bankruptcy, or fraud losses
unless otherwise disclosed. Please refer to the prospectus supplement for a full
description.

<PAGE>

                     INTEREST DISTRIBUTION FACTORS STATEMENT

<TABLE>
<CAPTION>
                                                                                Payment of
                              Current         Beginning                           Unpaid       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        601,250,000.00    2.19125%        888.40936033        1.62227252     0.00000000   0.00000000
 X-1                 0.00    0.71831%        713.00508758        0.42679997     0.00000000   0.00000000
 X-2                 0.00    0.14182%        888.40936033        0.10499579     0.00000000   0.00000000
 X-B                 0.00    0.27525%       1000.00000000        0.22937565     0.00000000   0.00000000
 B-1         9,375,000.00    2.46000%       1000.00000000        2.05000000     0.00000000   0.00000000
 B-2         5,937,000.00    2.96000%       1000.00000000        2.46666667     0.00000000   0.00000000
 B-3         3,437,000.00    2.90956%       1000.00000000        2.42463486     0.00000000   0.00000000
 B-4         1,562,000.00    2.90956%       1000.00000000        2.42463508     0.00000000   0.00000000
 B-5           937,000.00    2.90956%       1000.00000000        2.42463180     0.00000000   0.00000000
 B-6         2,500,468.00    2.90956%       1000.00000000        2.42463411     0.00000000   0.00000000
 A-R               100.00    2.57226%          0.00000000        0.00000000     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          0.00000000     0.00000000        1.62227250     0.00000000         877.61551609
 X-1         0.00000000     0.00000000        0.42679997     0.00000000         686.47032436
 X-2         0.00000000     0.00000000        0.10499579     0.00000000         877.61551609
 X-B         0.00000000     0.00000000        0.21307863     0.00000000        1000.00000000
 B-1         0.00000000     0.00000000        2.05000000     0.00000000        1000.00000000
 B-2         0.00000000     0.00000000        2.46666667     0.00000000        1000.00000000
 B-3         0.00000000     0.00000000        2.42463486     0.00000000        1000.00000000
 B-4         0.00000000     0.00000000        2.42463508     0.00000000        1000.00000000
 B-5         0.00000000     0.00000000        2.42463180     0.00000000        1000.00000000
 B-6         0.00000000     0.00000000        2.42463411     0.00000000        1000.00000000
 A-R         0.00000000     0.00000000        0.00000000     0.00000000           0.00000000
</TABLE>

(5) Per $1 denomination

(6) Amount does not include excess special hazard, bankruptcy, or fraud losses
unless otherwise disclosed. Please refer to the prospectus supplement for a full
description.

                       CERTIFICATEHOLDER ACCOUNT STATEMENT

                               CERTIFICATE ACCOUNT

<TABLE>
<S>                                                                           <C>
Beginning Balance                                                                     0.00
Deposits
         Payments of Interest and Principal                                   8,009,445.59
         Liquidations, Insurance Proceeds, Reserve Funds                              0.00
         Proceeds from Repurchased Loans                                              0.00
         Other Amounts (Servicer Advances)                                       22,103.58
         Realized Losses (Gains, Subsequent Expenses & Recoveries)                    0.00
         Prepayment Penalties                                                         0.00
                                                                              ------------
Total Deposits                                                                8,031,549.17
Withdrawals
         Reimbursement for Servicer Advances                                      9,437.12
         Payment of Service Fee                                                 179,598.29
         Payment of Interest and Principal                                    7,842,513.76
                                                                              ------------
Total Withdrawals (Pool Distribution Amount)                                  8,031,549.17
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                                                    174,949.08
Master Servicing Fee                                                     4,649.21
Supported Prepayment/Curtailment Interest Shortfall                          0.00
                                                                       ----------
Net Servicing Fee                                                      179,598.29
                                                                       ==========
</TABLE>

                                 OTHER ACCOUNTS

<TABLE>
<CAPTION>
                                     Beginning          Current          Current       Ending
     Account Type                      Balance        Withdrawals       Deposits       Balance
     ------------                      -------        -----------       --------       -------
<S>                                  <C>              <C>               <C>            <C>
Class X-1 Sub Account                 4,500.00            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          249.54           249.54        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           18       8,670,432.55
60 Days            0               0.00
90 Days            2         258,241.87
120 Days           0               0.00
150 Days           0               0.00
180+ Days          0               0.00
                ----       ------------
                  20       8,928,674.42
</TABLE>


<TABLE>
<CAPTION>
                No. of      Principal
                 Loans       Balance
<S>            <C>          <C>
0-29 Days      0.000000%    0.000000%
30 Days        1.119403%    1.572396%
60 Days        0.000000%    0.000000%
90 Days        0.124378%    0.046833%
120 Days       0.000000%    0.000000%
150 Days       0.000000%    0.000000%
180+ Days      0.000000%    0.000000%
               --------     --------
               1.243781%    1.619229%
</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            18      8,670,432.55
60 Days             0              0.00
90 Days             2        258,241.87
120 Days            0              0.00
150 Days            0              0.00
180+ Days           0              0.00
                  ---      ------------
                   20      8,928,674.42
</TABLE>

<TABLE>
<CAPTION>
                 No. of     Principal
                 Loans       Balance
<S>            <C>          <C>
0-29 Days      0.000000%    0.000000%
30 Days        1.119403%    1.572396%
60 Days        0.000000%    0.000000%
90 Days        0.124378%    0.046833%
120 Days       0.000000%    0.000000%
150 Days       0.000000%    0.000000%
180+ Days      0.000000%    0.000000%
               --------     --------
               1.243781%    1.619229%
</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  22,103.58
</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         4.30682457%          95.693175%         0.000000%
Class X-1          23,748,468.00         3.79976359%        23,748,468.00         4.30682457%           0.000000%         0.000000%
Class X-2          23,748,468.00         3.79976359%        23,748,468.00         4.30682457%           0.000000%         0.000000%
Class B-1          14,373,468.00         2.29976015%        14,373,468.00         2.60665257%           1.700172%        39.476231%
Class B-2           8,436,468.00         1.34983797%         8,436,468.00         1.52996765%           1.076685%        24.999507%
Class B-3           4,999,468.00         0.79991671%         4,999,468.00         0.90666192%           0.623306%        14.472513%
Class B-4           3,437,468.00         0.54999614%         3,437,648.00         0.62339060%           0.283271%         6.577266%
Class B-5           2,500,468.00         0.40007580%         2,500,468.00         0.45346407%           0.169927%         3.945518%
Class B-6                   0.00         0.00000000%                 0.00         0.00000000%           0.453464%        10.528965%
</TABLE>

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

                              COLLATERAL STATEMENT

<TABLE>
<S>                                                                                                 <C>
Collateral Description                                                                                   Mixed Arm
Weighted Average Gross Coupon                                                                             3.295861%
Weighted Average Net Coupon                                                                               2.919562%
Weighted Average Pass-Through Rate                                                                        2.909562%
Weighted Average Maturity (Stepdown Calculation)                                                               325

Beginning Scheduled Collateral Loan Count                                                                    1,625
Number of Loans Paid in Full                                                                                    17
Ending Scheduled Collateral Loan Count                                                                       1,608

Beginning Scheduled Collateral Balance                                                              557,904,596.33
Ending Scheduled Collateral Balance                                                                 551,414,797.48
Ending Actual Collateral Balance at 29-Oct-2004                                                     551,415,309.26

Monthly P&I Constant                                                                                  1,532,955.97
Special Servicing Fee                                                                                         0.00
Prepayment Penalties                                                                                          0.00
Realization Loss Amount                                                                                       0.00
Cumulative Realized Loss                                                                                      0.00

Class A Optimal Amount                                                                                7,788,444.60

Ending Scheduled Balance for Premium Loans                                                          551,414,797.48

Scheduled Principal                                                                                         642.77
Unscheduled Principal                                                                                 6,489,156.08
</TABLE>

MISCELLANEOUS REPORTING

<TABLE>
<S>                                                             <C>
One-Month Libor Loan Balance                                     90,012,021.76
Six-Month Libor Loan Balance                                    461,126,793.68
Prorata Senior Percentage                                            95.743274%
Senior Percentage                                                   100.000000%
Senior Prepayment Percentage                                        100.000000%
Subordinate Percentage                                                0.000000%
Subordinate Prepayment Percentage                                     0.000000%
</TABLE>