Exhibit 99.2
                                  ------------



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<PAGE>




Accountants and Management Consultants                    [Grant Thornton Logo]



                REPORT OF INDEPENDENT ACCOUNTANTS ON MANAGEMENT'S
            ASSERTION ON COMPLIANCE WITH MINIMUM SERVICING STANDARDS
             SET FORTH IN THE UNIFORM SINGLE ATTESTATION PROGRAM FOR
                                MORTGAGE BANKERS



Board of Directors
Countrywide Financial Corporation

We have examined management's assertion about Countrywide Financial Corporation
and Subsidiaries' (including its wholly-owned subsidiary, Countrywide Home
Loans, Inc. ("CHL") and Countrywide Home Loans Servicing, L.P., a wholly-owned
subsidiary of CHL) ("the Company") compliance with the minimum servicing
standards identified in the Mortgage Bankers Association of America's Uniform
Single Attestation Program for Mortgage Bankers (USAP) as of and for the year
ended December 31, 2003 included in the accompanying management assertion.
Management is responsible for the Company's compliance with those minimum
servicing standards. Our responsibility is to express an opinion on management's
assertion about the entity's compliance based on our examination.

Our examination was made in accordance with 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 the
minimum servicing standards 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 the minimum servicing
standards.

In our opinion, management's assertion that Countrywide Financial Corporation
and Subsidiaries (including its wholly-owned subsidiary, Countrywide Home Loans,
Inc., and Countrywide Home Loans Servicing, L.P., a wholly-owned subsidiary of
CHL) complied with the aforementioned minimum servicing standards as of and for
the year ended December 31, 2003 is fairly stated, in all material respects,
except as disclosed in the attached Schedule of Findings.


/s/ GRANT THORNTON LLP
----------------------

Los Angeles, California
February 27, 2004






Suite 300
1000 Wilshire Blvd.
Los Angeles, CA 90017 2464
T        213 627-1717
F        213 624-6793
W        www.grantthornton.com

Grant Thornton LLP
US Member of Grant Thornton International


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<PAGE>


                        COUNTRYWIDE FINANCIAL CORPORATION
                           SCHEDULE OF FINDINGS - USAP
                                DECEMBER 31, 2003




Statement of Condition:
----------------------

During our testing of the Custodial Cash bank reconciliations, we noted that 1
reconciliation out of 30 reconciliations was not prepared within 45 days of the
cutoff date. Additionally, there were 2 reconciliations out of 30
reconciliations that had items outstanding greater than 90 days that could have
been cleared earlier. Each of these exceptions did not meet the minimum
servicing standards set forth in the Mortgage Banker's Association's Uniform
Single Attestation Program for Mortgage Bankers (the USAP).

Criteria:
--------

The Uniform Single Attestation Program for Mortgage Bankers, Section I.1.
requires that reconciliations are mathematically accurate and are prepared
within forty-five (45) calendar days after the cutoff date. Reconciling items
shall also be resolved within ninety (90) calendar days of their original
identification.

Recommendation:
--------------

We recommend that the Company prepare Custodial Cash bank reconciliations and
clear reconciling items within the minimum time periods specified by the USAP.

Corrective Action Plan:
----------------------

Due to significant increases in volume of activity and staff turn-over, these
accounts were being handled by inexperienced staff members. The Company has
since increased the number and quality of staff in this area through additional
hiring and training. As a result, the Company is not aware of any current USAP
violations related to these accounts.






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<PAGE>





                                                   [Countrywide Logo]
February 27, 2004
                                                   4500 Park Granada
                                                   Calabasas, California 91302
                                                   (818) 225-3000


Grant Thornton LLP
1000 Wilshire Boulevard
Suite 300
Los Angeles, CA  90017

Gentlemen:

As of and for the year ended December 31, 2003, Countrywide Financial
Corporation and Subsidiaries (which includes its wholly-owned subsidiary,
Countrywide Home Loans, Inc. ("CHL"), and Countrywide Home Loans Servicing,
L.P., a wholly owned subsidiary of CHL) ("the Company") has complied in all
material respects with the minimum servicing standards set forth in the Mortgage
Bankers Association of America's Uniform Single Attestation for Mortgage
Bankers, except as disclosed in the attached Schedule of Findings to the report.
As of and for this same period, the Company had in effect a fidelity bond and
errors and omissions policy in the amount of $215 million and $240 million,
respectively.

The Company investigated the matters noted in the Schedule of Findings and noted
that due to significant increases in volume of activity and staff turn-over,
these accounts were being handled by inexperienced staff members. The Company
has since increased the number and quality of staff in this area through
additional hiring and training. As a result, they are not aware of any current
USAP violations related to these accounts.


Sincerely,


/s/ Thomas K. McLaughlin
------------------------
Thomas K. McLaughlin
Senior Managing Director and
Chief Financial Officer

/s/ Kevin Meyers
----------------
Kevin Meyers
Managing Director, Finance
Loan Administration




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