ERNST & YOUNG LLP
370 17th Street
Suite 3300
Denver, Colorado 80202-5663

Report of Independent Accountants

Board of Directors
Aurora Loan Services Inc.

We have examined management's assertion, included in the
accompanying report titled Report of Management, that Aurora Loan
Services Inc. (the Company) complied with the minimum servicing
standards set forth in the Mortgage Bankers Association of
America's Uniform Single Attestation Program for Mortgage Bankers
(USAP) during the year ended November 30, 2004. Management is
responsible for the Company's compliance with those requirements.
Our responsibility is to express an opinion on management's
assertion about the Company's compliance based on our
examination.

Our examination was made in accordance with attestation standards
established by the American Institute of Certified Public
Accountants and, accordingly, included examining, on a test
basis, evidence about the Company's compliance with those
requirements and performing such other procedures as we
considered necessary in the circumstances. We believe that our
examination provides a reasonable basis for our opinion. Our
examination does not provide a legal determination on the
Company's compliance with specified requirements.

In our opinion, management's assertion, that Aurora Loan Services
Inc. complied with the aforementioned requirements during the
year ended November 30, 2004, is fairly stated, in all material
respects.



February 11, 2005
Ernst & Young LLP




Report of Management


We, as members of management of Aurora Loan Services Inc. (the "Company"),
are responsible for complying with the minimum servicing standards identified
in the attached Exhibit A (the "specified minimum servicing standards") as
set forth in the Mortgage Bankers Association of America's Uniform Single
Attestation Program for Mortgage Bankers ("USAP").  We are also responsible
for establishing and maintaining effective internal control over compliance
with these specified minimum servicing standards. We have performed an
evaluation of the Company's compliance with the specified minimum servicing
standards as set forth in the USAP as of November 30, 2004 and for the year
then ended. Based on this evaluation, we assert that during the year ended
November 30, 2004, the Company complied, in all material respects, with the
specified minimum servicing standards set forth in the USAP.

As of and for this same period, the Company had in effect a fidelity bond
policy and an errors and omissions policy in the amounts of $60 million and
$70 million, respectively.



Very truly yours,

/s/Bruce Witherall
Bruce Witherall
Chief Executive Officer


/s/Rick Skogg
Rick Skogg
Co-Chief Operating Officer


/s/Roy Browning
Roy Browning
Chief Financial Officer


/s/William Napier
William Napier
Controller


February 11, 2005





Specified Minimum Servicing Standards

I.      Custodial Bank Accounts

1.      Reconciliations shall be prepared on a monthly basis for all
custodial bank accounts and related bank clearing accounts.  These
reconciliations shall:

a.      be mathematically accurate;

b.      be prepared within forty-five (45) calendar days after the
cutoff date.  The cutoff date is the date as of which a bank account is
reconciled every month.  It may, or may not, coincide with a prescribed
investor reporting date but shall be consistent from period to period;

c.      be reviewed and approved by someone other than the person who
prepared the reconciliation; and

d.      document explanations for reconciling items.  These reconciling
items shall be resolved within ninety (90) calendar days of their
original identification.

2.      Funds of the servicing entity shall be advanced in cases where
there is an overdraft in an investor's or a mortgagor's account.

3.      Each custodial account shall be maintained at a federally
insured depository institution in trust for the applicable investor.

4.      Escrow funds held in trust for a mortgagor shall be returned
to the mortgagor within thirty (30) calendar days of payoff of the
mortgage loan.

II.     Mortgage Payments

1.      Mortgage payments shall be deposited into the custodial bank
accounts and related bank clearing accounts within two (2) business
days of receipt.

2.      Mortgage payments made in accordance with the mortgagor's
loan documents shall be posted to the applicable mortgagor records
within two (2) business days of receipt.

3.      Mortgage payments shall be allocated to principal, interest,
insurance, taxes or other escrow items in accordance with the
mortgagor's loan documents.

4.      Mortgage payments identified as loan payoffs shall be
allocated in accordance with the mortgagor's loan documents.



Specified Minimum Servicing Standards (continued)

III.    Disbursements

1.      Disbursements made via wire transfer on behalf of a mortgagor or
investor shall be made only by authorized personnel.

2.      Disbursements made on behalf of a mortgagor or investor shall be
posted within two (2) business days to the mortgagor's or investor's
records maintained by the servicing entity.

3.      Tax and insurance payments shall be made on or before the penalty
or insurance policy expiration dates, as indicated on tax bills and
insurance premium notices, respectively, provided that such support has
been received by the servicing entity at least thirty (30) calendar days
prior to these dates.

4.      Any late payment penalties paid in conjunction with the payment of
any tax bill or insurance premium notice shall be paid from the servicing
entity's funds and not charged to the mortgagor, unless the late payment
was due to the mortgagor's error or omission.

5.      Amounts remitted to investors per the servicer's investor reports
shall agree with cancelled checks, or other form of payment, or custodial
bank statements.

6.      Unissued checks shall be safeguarded so as to prevent unauthorized
access.

IV.     Investor Accounting and Reporting

1.      The servicing entity's investor reports shall agree with, or
reconcile to, investors' records on a monthly basis as to the total unpaid
principal balance and number of loans serviced by the servicing entity.

V.      Mortgagor Loan Accounting

1.      The servicing entity's mortgage loan records shall agree with, or
reconcile to, the records of mortgagors with respect to the unpaid
principal balance on a monthly basis.

2.      Adjustments on adjustable rate mortgage (ARM) loans shall be
computed based on the related mortgage note and any ARM rider.

3.      Escrow accounts shall be analyzed, in accordance with the
mortgagor's loan documents, on at least an annual basis.


 Specified Minimum Servicing Standards (continued)

V.      Mortgagor Loan Accounting (continued)

4.      Interest on escrow accounts shall be paid, or credited, to
mortgagors in accordance with the applicable state laws.

VI.     Delinquencies

1.      Records documenting collection efforts shall be maintained
during the period a loan is in default and shall be updated at least
monthly.  Such records shall describe the entity's activities in
monitoring delinquent loans including, for example, phone calls, letters
and mortgage payment rescheduling plans in cases where the delinquency
is deemed temporary (i.e., illness or unemployment).

VII.    Insurance Policies

1.      A fidelity bond and errors and omissions policy shall be in
effect on the servicing entity throughout the reporting period in the
amount of coverage represented to investors in management's assertion.



		EXHIBIT A