UNITED STATES
                             SECURITIES AND EXCHANGE COMMISSION
                                   WASHINGTON, D.C. 20549



                                          FORM 10-K


  (Mark one)

  /X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934
      For the fiscal year ended December 31, 2003

      OR



  / / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934


      Commission File Number: 333-85954-07


        JP Morgan Chase Commercial Mortgage Securities Corp.
        Commercial Mortgage Pass-Through Certificates
        Series 2003-C1

     (Exact name of registrant as specified in its charter)


                                                    54-6535290
                                                    54-2105547
                                                    54-2105545
        New York                                    54-2105546
  (State or other jurisdiction of                   (I.R.S. Employer
  incorporation or organization)                    Identification No.)

   c/o Wells Fargo Bank, N.A.
   9062 Old Annapolis Road
   Columbia, Maryland                                21045
  (Address of principal executive offices)     (Zip Code)


  Registrant's telephone number, including area code: (410) 884-2000


  Securities registered pursuant to Section 12(b) of the Act:

       NONE.



  Securities registered pursuant to Section 12(g) of the Act:

       NONE.



  Indicate by check mark whether the registrant (1) has filed all reports
  required to be filed by Section 13 or 15(d) of the Securities Exchange
  Act of 1934 during the preceding 12 months (or for such shorter period
  that the registrant was required to file such reports), and (2) has been
  subject to such filing requirements for the past 90 days.

      Yes  X       No ___



  Indicate by check mark if disclosure of delinquent filers pursuant to
  Item 405 of Regulation S-K ( 229.405 of this chapter) is not contained
  herein, and will not be contained, to the best of registrant's knowledge,
  in definitive proxy or information statements incorporated by reference
  in Part III of this Form 10-K or any amendment to this Form 10-K.

         Not applicable.


  Indicate by check mark whether the registrant is an accelerated filer
  (as defined in Exchange Act Rule 12b-2).
    Yes___       No X



  State the aggregate market value of the voting and non-voting common
  equity held by non-affiliates computed by reference to the price at which
  the common equity was last sold, or the average bid and asked price of
  such common equity, as of the last business day of the registrant's most
  recently completed second fiscal quarter.

         Not applicable.



  Indicate the number of shares outstanding of each of the registrant's
  classes of common stock, as of the latest practicable date.

         Not applicable.



  List hereunder the following documents if incorporated by reference and
  the Part of the Form 10-K (e.g. Part I, Part II, etc.) into which the
  document is incorporated: (1)Any annual report to security holders; (2)
  Any proxy or information statement; and (3)Any prospectus filed pursuant
  to Rule 424(b) or (c) under the Securities Act of 1933. The listed
  documents should be clearly described for identification purposes (e.g.
  annual report to security holders for fiscal year ended December 24, 1980).

         Not applicable.










                                   PART I

  Item 1.  Business.

            Omitted.

  Item 2.  Properties.

            See Item 15(a), Exhibits 99.1, 99.2, and 99.3, for information
            provided in lieu of information required by Item 102 of
            Regulation S-K.



  Item 3.  Legal Proceedings.

            The registrant knows of no material pending legal proceedings
            involving the trusts created under the Pooling and Servicing
            Agreement (the Trusts), the Trustee, the Servicer or the
            registrant with respect to the Trusts other than routine
            litigation incidental to the duties of the respective parties.



  Item 4.  Submission of Matters to a Vote of Security Holders.


            None.



                        PART II


  Item 5.  Market for Registrant's Common Equity and Related Stockholder
           Matters.


            No established public trading market for the Certificates exists.

            Records provided to the Trust by the DTC and the Trustee
            indicate that as of December 31, 2003, the number of holders of
            record for each class of Certificate were as follows:


             Class A-1                           20
             Class A-2                           25
             Class B                              5
             Class C                              3
             Class CM-1                           3
             Class CM-2                           3
             Class CM-3                           4
             Class D                              6
             Class E                              4
             Class F                              6
             Class G                              4
             Class H                              4
             Class J                              6
             Class K                              5
             Class L                              4
             Class LR                             1
             Class M                              3
             Class N                              3
             Class NR                             3
             Class P                              3
             Class R                              1
             Class R-1                            1
             Class S                              1
             Class X-1                            9
             Class X-2                            8

             Total:                             135


  Item 6.  Selected Financial Data.

            Omitted.


  Item 7.  Management's Discussion and Analysis of Financial Condition and
           Results of Operation.

            Omitted.


  Item 7A. Quantitative and Qualitative Disclosures about Market Risk.

            Not applicable.

  Item 8.  Financial Statements and Supplementary Data.

            See Item 15(a), Exhibits 99.1, 99.2, 99.3, for information
            provided in lieu of information required by Item 302 of
            Regulation S-K.


  Item 9.  Changes in and Disagreements with Accountants on Accounting and
           Financial Disclosure.

            None.

  Item 9A. Controls and Procedures.

            Not applicable.




                                PART III


  Item 10. Directors and Executive Officers of the Registrant.

            Not applicable.


  Item 11. Executive Compensation.

            Not applicable.


  Item 12. Security Ownership of Certain Beneficial Owners and Management.

            Not applicable.


  Item 13. Certain Relationships and Related Transactions.

            Not applicable.


  Item 14. Principal Accounting Fees and Services.

            Not applicable.






                                PART IV


  Item 15. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.

   (a) Exhibits

     (31.1) Rule 13a-14(a)/15d-14(a) Certification


     (99.1) Annual Independent Accountants' Servicing Reports concerning
            servicing activities for the year ended December 31, 2003.

       <TABLE>

       
         <c>
       a) GMAC Commercial Mortgage Corporation, as Special Servicer <F1>
       b) Wachovia Bank, National Association, as Master Servicer <F1>
       </TABLE>


     (99.2) Report of Management as to Compliance with Minimum Servicing
            Standards for the year ended December 31, 2003.

       <TABLE>

       
        <c>
       a) GMAC Commercial Mortgage Corporation, as Special Servicer <F1>
       b) Wachovia Bank, National Association, as Master Servicer <F1>
       </TABLE>



     (99.3) Annual Statements of Compliance under the Pooling and Servicing
            Agreements for the year ended December 31, 2003.

       <TABLE>

       
         <c>
       a) GMAC Commercial Mortgage Corporation, as Special Servicer <F1>
       b) Wachovia Bank, National Association, as Master Servicer <F1>
       </TABLE>


     (99.4) Aggregate Statement of Principal and Interest Distributions to
            Certificate Holders.


   (b)  On October 27, 2003, November 21, 2003, and December 18, 2003 reports
        on Form 8-K were filed by the Company in order to provide the
        statements for the monthly distributions to holders of the Certificates.
        No other reports on Form 8-K have been filed during the last quarter of
        the period covered by this report.


   (c) Not applicable.


   (d) Omitted.




  <F1> Filed herewith.





                                SIGNATURES


  Pursuant to the requirements of Section 13 or 15(d) of the Securities
  Exchange Act of 1934, the registrant has duly caused this report to be
  signed on its behalf by the undersigned, thereunto duly authorized:



     JP Morgan Chase Commercial Mortgage Securities Corp.
     Commercial Mortgage Pass-Through Certificates
     Series 2003-C1
     (Registrant)



  Signed: Wells Fargo Bank, N.A. as Trustee


  By:     Beth Belfield, Assistant Vice President

  By: /s/ Beth Belfield, Assistant Vice President

  Dated: March 30, 2004




  SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO
  SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED
  SECURITIES PURSUANT TO SECTION 12 OF THE ACT.


  (a)(i) No annual report is provided to the Certificateholders other than
  with respect to aggregate principal and interest distributions.


  (a)(ii) No proxy statement, form of proxy or other proxy soliciting
  material has been sent to any Certificateholder with respect to any
  annual or other meeting of Certificateholders.



Exhibit Index


  Ex-31.1 Rule 13a-14(a)/15d-14(a) Certification

     JP Morgan Chase Commercial Mortgage Securities Corp.
     Commercial Mortgage Pass-Through Certificates
     Series 2003-C1 (the "Trust")


  I, Steven Z. Schwartz, the President and the Chief Executive Officer of J.P.
  Morgan Chase Commercial Mortgage Securities Corp., the depositor into the
  above-refernced Trust, certify that:

  1. I have reviewed this annual report on Form 10-K, and all reports on
     Form 8-K containing distribution or servicing reports filed in
     respect of periods included in the year covered by this annual report, of
     the Trust;

  2. Based on my knowledge, the information in these reports, taken as a
     whole, does not contain any untrue statement of a material fact or
     omit to state a material fact necessary to make the statements made,
     in light of the circumstances under which such statements were made,
     not misleading as of the last day of the period covered by this
     annual report;

  3. Based on my knowledge, the distribution or servicing information
     required to be provided to the trustee by the servicer and special
     servicer under the pooling and servicing agreement for inclusion in these
     reports is included in these reports;

  4. Based on my knowledge and upon the annual compliance statement
     included in this annual report and required to be delivered to the trustee
     in accordance with the terms of the pooling and servicing agreement, and
     except as disclosed in this annual report, the servicer and the special
     servicer have fulfilled their obligations under the pooling and servicing
     agreement; and

  5. The annual report discloses all significant deficiencies relating to
     the servicer's or special servicer's compliance with the minimum
     servicing standards based upon the report provided by an independent
     public accountant, after conducting a review in compliance with the
     Uniform Single Attestation Program for Mortgage Bankers or similar
     procedure, as set forth in the pooling and servicing agreement, that is
     included in this annual report

     In giving the certifications above, I have reasonably relied on
     information provided to me by the following unaffiliated parties:
     GMAC Commercial Mortgage Corp., Wachovia Bank, National Association,
     and Wells Fargo Bank Minnesota, N.A.

     March 26, 2004

     /s/ Steven Z. Schwartz,
     Signature

     President and Chief Executive Officer
     J.P. Morgan Chase Commercial Mortgage Securities Corp.





Ex. 99.1(a)


PRICEWATERHOUSECOOPERS (Logo)

PricewaterhouseCoopers LLP
1177 Avenue of the Americas
New York NY 10036
Telephone (646) 471 4000
Facsimile (646) 471 4100

Report of Independent Accountants

To the Board of Directors and Shareholder of GMAC Commercial Mortgage
Corporation:

We have examined management's assertion, dated February 23, 2004, about GMAC
Commercial Mortgage Corporation's (the "Company's") compliance with its
established minimum servicing policy ("Servicing Policy"), which management
derived from 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
(see Exhibit I). Management is responsible for the Company's compliance with
the Servicing Policy. 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 the Servicing Policy 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 its Servicing Policy.

In our opinion, management's assertion that, except for instances of
noncompliance, the Company complied with the aforementioned Servicing Policy as
of and for the year ended December 31, 2003, is fairly stated, in all material
respects.

/s/ Pricewaterhousecoopers LLP

February 23, 2004





Ex. 99.1(b)

KPMG   (logo)

KPMG LLP
Suite 2300
401 South Tryon Street
Three First Union Center
Charlotte, NC 28202-1911

Independent Accountants' Report

The Board of Directors
Wachovia Bank National Association:

We have examined  management's  assertion, included in the accompanying  report,
that the Commercial Real Estate Servicing Division of Wachovia Bank National
Association (the Bank) complied with the minimum servicing standards set forth
in the Mortgage Bankers Association of America's  ("MBA's") Uniform Single
Attestation  Program for Mortgage Bankers, except for minimum  servicing
standards V.4 and VI.1, which the MBA has interpreted as being inapplicable to
the servicing of commercial and multifamily loans, as of and for the year
ended December 31, 2003.  Management  is  responsible  for the  Bank's
compliance  with  those  minimum  servicing  standards.  Our responsibility is
to express an opinion on management's assertion about the Bank's compliance
based on our examination.

Our examination was conducted 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 Bank's
compliance with the minimum servicing standards specified above 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 Bank's compliance with
the minimum servicing standards.

In our opinion, management's assertion that the Bank has complied with the
aforementioned  minimum servicing  standards as of and for the year ended
December 31, 2003 is fairly stated, in all material respects.

/s/ KPMG LLP

March 10, 2004

KPMG LLP, a U.S. limited liability partnership, is the U.S.
member of KPMG international, a Swiss cooperative.





Ex. 99.2(a)

GMAC Commercial Mortgage
200 Witmer Road
Horsham, PA 19044
Tel. 215-328-4622
Fax  215-328-1316

Exhibit I

Management's Assertion Concerning Compliance with Company Servicing Policy

February 23, 2004

As of and for the year ended December 31, 2003, GMAC Commercial Mortgage
Corporation (the "Company") has complied in all material respects with the
minimum servicing standards set forth in the Company's Servicing Policy
(attached in Exhibit II), which were derived by management from the Mortgage
Bankers Association of America's Uniform Single Attestation Program for Mortgage
Bankers, except that with respect to the requirements to maintain borrower funds
in appropriate custodia1 accounts in trust for investors in accordance with
applicable servicing agreement requirements, the Company did not in 2003
timely transfer reserve account ba1ances for 550 Company originated loans. Such
reserve account ba1ances, which tota1ed $85 million at September 30, 2003, were
recorded and reconciled at a loan-level. In the fourth quarter of 2003, the
reserve funds were transferred to appropriate custodial bank accounts and
existing mitigating and detective controls were enhanced so that, consistent
with Company policy, upon loan sale all escrow funds, including reserve funds,
are timely transferred to appropriate custodial bank accounts as required in
applicable servicing agreements.


As of December 31, 2003, the Company was covered by various General Motors
Corporation insurance policies providing for $125 million of fidelity bond
insurance and $l0O million of errors and omissions insurance.

/s/ Robert D. Feller
Robert D. Feller
Chief Executive Officer

/s/ Michael I. Lipson
Michael I. Lipson
Executive Vice President Global Servicing

/s/ Wayne D. Hoch
Wayne D. Hoch
Executive Vice President and Chief Financial Officer

Exhibit II

GMAC COMMERCIAL MORTGAGE CORPORATION MINIMUM SERVICING POLICY

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:

.. be mathematically accurate;

.. be prepared within forty-five (45) calendar days after the cutoff date;

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

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

2. Funds of the servicing entity shall be advanced as specified in the servicing
   agreement in cases where there is an overdraft in an investor's or a
   mortgagor's account and an advance is specified in the Investor's Servicing
   Agreement.

3. All cash for each custodial account shall be maintained at a federally
   insured depository institution in trust for the applicable investor or in an
   investment account in accordance with the applicable servicing agreement
   requirements.

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 which are properly identified with the Company's account
   number and which agree to the total amount of the scheduled payment due shall
   be deposited into the clearing bank accounts and related custodial bank
   accounts within two business days of receipt. Any mortgage payments which do
   not meet these parameters will be researched and deposited into the
   appropriate bank accounts within five business days of receipt.

Exhibit II

2. Mortgage payments made in accordance with the mortgagor's loan documents
   shall be posted to the applicable mortgagor records within two 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.

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 business days to the mortgagor's or investor's records maintained
   by the servicing entity.

3. Tax and insurance payments for those loans that are escrowed shall be made
   on or before the penalty or insurance  policy  expirations date, 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, and the mortgagor has agreed with the
   amounts due.

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. Monthly investor reports shall be sent on a monthly basis listing the total
   unpaid principal balance and number of loans serviced.

Exhibit II

V. Mortgagor Loan Accounting

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

2. Adjustments on 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.

4. Interest on escrow accounts, if required by the mortgage documents, shall be
   paid, or credited, to mortgagors in accordance with the borrower agreements.

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.

VII. INSURANCE POLICIES

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





Ex. 99.2(b)

Wachovia Securities
8739 Research Drive, URP4
Charlotte, NC 28288

Wachovia Securities (logo)

Management Assertion

As of and for the year ended December 31,2003, the Commercial Real Estate
Servicing Division of Wachovia Bank National Association (the Bank) has
complied in all material respects with the minimum  servicing standards set
forth in the Mortgage Bankers Association of America's (MBA's) Uniform Single
Attestation Program for Mortgage Bankers, except for minimum  servicing
standards V.4. and VI.l., which the MBA has interpreted as being inapplicable
to the servicing of commercial and multifamily loans. As of and for this same
period, the Bank had in effect a fidelity bond and errors and omissions policy
in the amount of $200 million and $20 million, respectively.


/s/ Alan Kronovet                       3/10/04
Alan Kronovet                           Date
Director/Vice President
Wachovia National Bank


/s/ Steven Johnson                      3/10/04
Steven Johnson                          Date
Director
Wachovia National Bank





Ex. 99.3(a)

GMAC
Commercial Mortgage
550 California Street, 12th Floor
San Francisco, CA 94104
Tel. 415-835-9200
Fax  415-391-2949


J.P. Morgan Chase Commercial Mortgage Sec. Corporation
Series JPMC 2003-Cl

Annual Statement as to Compliance
For Period of March 28 through December 31, 2003


Pursuant to section 3.13 of the Pooling and Servicing Agreement, I attest that:


(i.)  A review of the activities of GMAC Commercial Mortgage as Special Servicer
      during March 28 through December 31, 2003, and of its performance under
      this Agreement, has been made under my supervision.

(ii)  To the best of my knowledge, based on such review, GMAC Commercial
      Mortgage as Special Servicer, has maintained an effective internal control
      system relating to its servicing of the Mortgage Loans serviced by it and
      has fulfilled in all material respects its obligations under this
      Agreement throughout such period. However, during the period of March 28
      through December 31, 2003, GMAC Commercial Mortgage as Special Servicer
      did not service any Specially Serviced Mortgaged Loans.

(iii) GMAC Commercial Mortgage as Special Servicer has received no notice
      regarding qualifications, or challenging the status, of the Trust Fund as
      a REMIC or of the Grantor Trust as a "grantor trust" under the Grantor
      Trust Provisions from the Internal Revenue Service or any other
      governmental agency or body.






BY: /s/ Michele Heisler
Date: 3-16-04

Michele Heisler
Vice President, GMAC Commercial Mortgage Corporation





Ex. 99.3(b)

Wachovia Securities
8739 Research Drive, URP4
Charlotte, NC 28288

(logo) WACHOVIA SECURITIES


OFFICER'S CERTIFICATE

        Reference is hereby made to that certain Pooling and Servicing Agreement
dated as of March 28, 2003, by and among J.P. Morgan Chase Commercial Mortgage
Securities Corp., as Depositor, Wachovia Bank National Association, as
Servicer, Lend Lease Asset Management, L.P., as Special Servicer, and Wells
Fargo Bank Minnesota, N.A., as Trustee, with respect to Commercial Mortgage
Pass-Through Certificates, Series 2003-C1 (the "Agreement"). Capitalized terms
used herein not otherwise defined shall have the meanings assigned in the
Agreement.

         Pursuant to Section 3.13 of this Agreement, Timothy E. Steward and
Clyde M. Alexander, Directors of the Servicer, do hereby certify that:

1. A review of the  activities  of the  Servicer  during the period from March
   28, 2003 through December 31, 2003 and of its performance under the Agreement
   during such period has been made under our supervision; and

2. To the best of our  knowledge, based on such review, the Servicer has
   fulfilled all of its material obligations under this Agreement in all
   material respects throughout the period March 28, 2003 through December 31,
   2003; and

3. The Master Servicer has received no notice regarding qualification, or
   challenging the status, of the Loan REMIC, the Lower-Tier REMIC or the
   Upper-Tier REMIC as a REMIC from the Internal Revenue Service or any other
   governmental agency or body.

         IN WITNESS WHEREOF, the undersigned have executed this Certificate
as of the 12th day of March 2004.

/s/ Timothy E. Steward
Timothy E. Steward, Director
Wachovia Bank National Association


/s/ Clyde M. Alexander
Clyde M. Alexander, Director
Wachovia Bank National Association





Ex-99.4
   Schedule of Year-To-Date Principal and Interest Distributions to
   Certificateholders


   <TABLE>

   Class                              Interest             Principal               Losses             Ending Balance
   
                       <c>                    <c>                  <c>                 <c>
   A-1                            8,438,328.76          8,945,812.05                 0.00             258,054,187.95
   A-2                           22,251,058.47                  0.00                 0.00             595,147,000.00
   B                              1,325,973.78                  0.00                 0.00              34,700,000.00
   C                                411,079.41                  0.00                 0.00              10,676,000.00
   CM-1                              97,059.31             19,004.64                 0.00               2,296,877.36
   CM-2                             183,145.13             34,951.63                 0.00               4,224,209.38
   CM-3                             664,476.64            117,870.59                 0.00              14,245,692.40
   D                              1,247,287.14                  0.00                 0.00              32,031,000.00
   E                                582,208.83                  0.00                 0.00              14,680,000.00
   F                                752,280.42                  0.00                 0.00              17,350,000.00
   G                                765,292.92                  0.00                 0.00              17,350,000.00
   H                                561,593.54                  0.00                 0.00              12,011,000.00
   J                                610,171.47                  0.00                 0.00              16,015,000.00
   K                                406,793.70                  0.00                 0.00              10,677,000.00
   L                                254,241.27                  0.00                 0.00               6,673,000.00
   LR                                     0.00                  0.00                 0.00                       0.00
   M                                305,066.70                  0.00                 0.00               8,007,000.00
   N                                152,552.43                  0.00                 0.00               4,004,000.00
   NR                               745,894.83                  0.00                 0.00              19,577,293.00
   P                                 67,665.60                  0.00                 0.00               1,776,000.00
   R                                      0.00                  0.00                 0.00                       0.00
   S                                      0.00                  0.00                 0.00                       0.00
   X-1                            1,811,624.28                  0.00                 0.00                       0.00
   X-2                            9,229,107.33                  0.00                 0.00                       0.00
   </TABLE>