<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 2003-4
                         RECORD DATE: NOVEMBER 28, 2003
                      DISTRIBUTION DATE: DECEMBER 22, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>

                  Certificate Certificate     Beginning                              Current      Ending                  Cumulative
                     Class    Pass-Through   Certificate    Interest     Principal  Realized   Certificate       Total     Realized
 Class    CUSIP   Description     Rate         Balance    Distribution Distribution   Loss       Balance    Distribution     Loss
------  --------- ----------- ------------ -------------- ------------ ------------ -------- -------------- ------------  ----------

<S>     <C>           <C>       <C>        <C>              <C>        <C>            <C>    <C>            <C>              <C>
 1-A-1  81743PBH8     SEN       1.43000%   145,152,616.80   172,973.53 1,375,922.60   0.00   143,776,994.20 1,548,896.13     0.00
 1-A-2  81743PBJ4     SEN       1.45375%   148,090,672.75   179,405.68   615,154.85   0.00   147,475,517.90   794,560.53     0.00
1-X-1A  81743PBM7      IO       0.88493%             0.00    50,790.06         0.00   0.00             0.00    50,790.06     0.00
1-X-1B  81743PBN5      IO       1.04002%             0.00    66,110.24         0.00   0.00             0.00    66,110.24     0.00
 1-X-2  81743PBP0      IO       1.01429%             0.00   125,171.95         0.00   0.00             0.00   125,171.95     0.00
 1-X-B  81743PBQ8      IO       0.66259%             0.00     2,133.53         0.00   0.00             0.00     2,133.53     0.00
 1-A-R  81743PBL9      R        2.39032%             0.00         0.00         0.00   0.00             0.00         0.00     0.00
 1-B-1  81743PBK1     SUB       1.77000%     3,864,000.00     5,699.40         0.00   0.00     3,864,000.00     5,699.40     0.00
 1-B-2  81743PBR6     SUB       2.43240%     2,628,000.00     5,326.95         0.00   0.00     2,628,000.00     5,326.95     0.00
 1-B-3  81743PBS4     SUB       2.43240%     1,546,000.00     3,133.74         0.00   0.00     1,546,000.00     3,133.74     0.00
 1-B-4  81743PBT2     SUB       2.43240%       773,000.00     1,566.87         0.00   0.00       773,000.00     1,566.87     0.00
 1-B-5  81743PBU9     SUB       2.43240%       464,000.00       940.53         0.00   0.00       464,000.00       940.53     0.00
 1-B-6  81743PBV7     SUB       2.43240%     1,236,668.87     2,506.72         0.00   0.00     1,236,668.87     2,506.72     0.00
 2-A-1  81743PBW5     SEN       1.47000%   182,656,968.91   223,754.79    50,961.29   0.00   182,606,007.62   274,716.08     0.00
 2-M-1  81743PBX3     MEZ       1.59000%     9,986,000.00    13,231.45         0.00   0.00     9,986,000.00    13,231.45     0.00
 2-X-1  81743PCA2      IO       0.91954%             0.00   139,967.36         0.00   0.00             0.00   139,967.36     0.00
 2-X-M  81743PCB0      IO       0.79954%             0.00     6,653.53         0.00   0.00             0.00     6,653.53     0.00
 2-X-B  81743PCC8      IO       0.61954%             0.00     1,222.05         0.00   0.00             0.00     1,222.05     0.00
 2-A-R  81743PBZ8      R        2.34132%             0.00         0.00         0.00   0.00             0.00         0.00     0.00
 2-B-1  81743PBY1     SUB       1.77000%     2,367,000.00     3,491.33         0.00   0.00     2,367,000.00     3,491.33     0.00
 2-B-2  81743PCD6     SUB       2.38954%       824,000.00     1,640.82         0.00   0.00       824,000.00     1,640.82     0.00
 2-B-3  81743PCE4     SUB       2.38954%     1,235,000.00     2,459.24         0.00   0.00     1,235,000.00     2,459.24     0.00
 2-B-4  81743PCF1     SUB       2.38954%       618,000.00     1,230.61         0.00   0.00       618,000.00     1,230.61     0.00
 2-B-5  81743PCG9     SUB       2.38954%       515,000.00     1,025.51         0.00   0.00       515,000.00     1,025.51     0.00
 2-B-6  81743PCH7     SUB       2.38954%                      1,845.10         0.00   0.00       926,589.00     1,845.10     0.00
------  --------- ----------  ----------   -------------- ------------ ------------   ----   -------------- ------------     ----
Totals                                                    1,012,280.99 2,042,038.74   0.00   500,841,477.59 3,054,319.73     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>
 1-A-1   148,641,000.00  145,152,616.80        0.00    1,375,922.60     0.00
 1-A-2   150,000,000.00  148,090,672.75        0.00      615,514.85     0.00
1-X-1A             0.00            0.00        0.00            0.00     0.00
1-X-1B             0.00            0.00        0.00            0.00     0.00
 1-X-2             0.00            0.00        0.00            0.00     0.00
 1-X-B             0.00            0.00        0.00            0.00     0.00
 1-A-R           100.00            0.00        0.00            0.00     0.00
 1-B-1     3,864,000.00    3,864,000.00        0.00            0.00     0.00
 1-B-2     2,628,000.00    2,628,000.00        0.00            0.00     0.00
 1-B-3     1,546,000.00    1,546,000.00        0.00            0.00     0.00
 1-B-4       773,000.00      773,000.00        0.00            0.00     0.00
 1-B-5       464,000.00      464,000.00        0.00            0.00     0.00
 1-B-6     1,236,668.87    1,236,668.87        0.00            0.00     0.00
 2-A-1   189,415,000.00  182,656,968.91    9,443.05       41,518.24     0.00
 2-M-1     9,986,000.00    9,986,000.00        0.00            0.00     0.00
 2-X-1             0.00            0.00        0.00            0.00     0.00
 2-X-M             0.00            0.00        0.00            0.00     0.00
 2-X-B             0.00            0.00        0.00            0.00     0.00
 2-A-R           100.00            0.00        0.00            0.00     0.00
 2-B-1     2,367,000.00    2,367,000.00        0.00            0.00     0.00
 2-B-2       824,000.00      824,000.00        0.00            0.00     0.00
 2-B-3     1,235,000.00    1,235,000.00        0.00            0.00     0.00
 2-B-4       618,000.00      618,000.00        0.00            0.00     0.00
 2-B-5       515,000.00      515,000.00        0.00            0.00     0.00
 2-B-6       926,589.00      926,589.00        0.00            0.00     0.00
------   --------------  --------------    --------    ------------     ----
Totals   515,039,457.87  502,883,516.33    9,443.05    2,032,595.69     0.00
------   --------------  --------------    --------    ------------     ----
</TABLE>

<TABLE>
<CAPTION>
             Total         Ending       Ending       Total
Realized   Principal    Certificate  Certificate   Principal
Loss (1)   Reduction      Balance     Percentage Distribution
-------- ------------ -------------- ----------- ------------

  <S>    <C>          <C>             <C>        <C>
  0.00   1,375,922.60 143,776,694.20  0.96727480 1,375,922.60
  0.00     615,154.85 147,475,517.90  0.98317012   615,154.85
  0.00           0.00           0.00  0.00000000         0.00
  0.00           0.00           0.00  0.00000000         0.00
  0.00           0.00           0.00  0.00000000         0.00
  0.00           0.00           0.00  0.00000000         0.00
  0.00           0.00           0.00  0.00000000         0.00
  0.00           0.00   3,864,000.00  1.00000000         0.00
  0.00           0.00   2,628,000.00  1.00000000         0.00
  0.00           0.00   1,546,000.00  1.00000000         0.00
  0.00           0.00     773,000.00  1.00000000         0.00
  0.00           0.00     464,000.00  1.00000000         0.00
  0.00           0.00   1,236,668.87  1.00000000         0.00
  0.00      50,961.29 182,606,007.62  0.96405252    50,961.29
  0.00           0.00   9,986,000.00  1.00000000         0.00
  0.00           0.00           0.00  0.00000000         0.00
  0.00           0.00           0.00  0.00000000         0.00
  0.00           0.00           0.00  0.00000000         0.00
  0.00           0.00           0.00  0.00000000         0.00
  0.00           0.00   2,367,000.00  1.00000000         0.00
  0.00           0.00     824,000.00  1.00000000         0.00
  0.00           0.00   1,235,000.00  1.00000000         0.00
  0.00           0.00     618,000.00  1.00000000         0.00
  0.00           0.00     515,000.00  1.00000000         0.00
  0.00           0.00     926,589.00  1.00000000         0.00
  ----   ------------ --------------  ---------- ------------
  0.00   2,042,038.74 500,841,477.59  0.97243322 2,042,038.74
  ----   ------------ --------------  ---------- ------------
</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>
 1-A-1  148,641,000.00    976.53148727   0.00000000    9.25668288    0.00000000
 1-A-2  150,000,000.00    987.27115167   0.00000000    4.10103233    0.00000000
1-X-1A            0.00      0.00000000   0.00000000    0.00000000    0.00000000
1-X-1B            0.00      0.00000000   0.00000000    0.00000000    0.00000000
 1-X-2            0.00      0.00000000   0.00000000    0.00000000    0.00000000
 1-X-B            0.00      0.00000000   0.00000000    0.00000000    0.00000000
 1-A-R          100.00      0.00000000   0.00000000    0.00000000    0.00000000
 1-B-1    3,864,000.00   1000.00000000   0.00000000    0.00000000    0.00000000
 1-B-2    2,628,000.00   1000.00000000   0.00000000    0.00000000    0.00000000
 1-B-3    1,546,000.00   1000.00000000   0.00000000    0.00000000    0.00000000
 1-B-4      773,000.00   1000.00000000   0.00000000    0.00000000    0.00000000
 1-B-5      464,000.00   1000.00000000   0.00000000    0.00000000    0.00000000
 1-B-6    1,236,668.87   1000.00000000   0.00000000    0.00000000    0.00000000
 2-A-1  189,415,000.00    964.32156329   0.04985376    0.21919193    0.00000000
 2-M-1    9,986,000.00   1000.00000000   0.00000000    0.00000000    0.00000000
 2-X-1            0.00      0.00000000   0.00000000    0.00000000    0.00000000
 2-X-M            0.00      0.00000000   0.00000000    0.00000000    0.00000000
 2-X-B            0.00      0.00000000   0.00000000    0.00000000    0.00000000
 2-A-R          100.00      0.00000000    0.0000000    0.00000000    0.00000000
 2-B-1    2,367,000.00   1000.00000000   0.00000000    0.00000000    0.00000000
 2-B-2      824,000.00   1000.00000000   0.00000000    0.00000000    0.00000000
 2-B-3    1,235,000.00   1000.00000000   0.00000000    0.00000000    0.00000000
 2-B-4      618,000.00   1000.00000000   0.00000000    0.00000000    0.00000000
 2-B-5      515,000.00   1000.00000000   0.00000000    0.00000000    0.00000000
 2-B-6      926,589.00   1000.00000000   0.00000000    0.00000000    0.00000000

</TABLE>

<TABLE>
<CAPTION>
               Total        Ending        Ending        Total
 Realized    Principal   Certificate   Certificate    Principal
 Loss (3)    Reduction     Balance      Percentage  Distribution
----------  ----------  -------------  -----------  ------------

<S>         <C>          <C>           <C>           <C>
0.00000000  9.25668288   967.27480439  0.96727480    9.25668288
0.00000000  4.10103233   983.17011933  0.98317012    4.10103233
0.00000000  0.00000000     0.00000000  0.00000000    0.00000000
0.00000000  0.00000000     0.00000000  0.00000000    0.00000000
0.00000000  0.00000000     0.00000000  0.00000000    0.00000000
0.00000000  0.00000000     0.00000000  0.00000000    0.00000000
0.00000000  0.00000000     0.00000000  0.00000000    0.00000000
0.00000000  0.00000000  1000.00000000  1.00000000    0.00000000
0.00000000  0.00000000  1000.00000000  1.00000000    0.00000000
0.00000000  0.00000000  1000.00000000  1.00000000    0.00000000
0.00000000  0.00000000  1000.00000000  1.00000000    0.00000000
0.00000000  0.00000000  1000.00000000  1.00000000    0.00000000
0.00000000  0.00000000  1000.00000000  1.00000000    0.00000000
0.00000000  0.26904569   964.05251759  0.96405252    0.26904569
0.00000000  0.00000000  1000.00000000  1.00000000    0.00000000
0.00000000  0.00000000     0.00000000  0.00000000    0.00000000
0.00000000  0.00000000     0.00000000  0.00000000    0.00000000
0.00000000  0.00000000     0.00000000  0.00000000    0.00000000
0.00000000  0.00000000     0.00000000  0.00000000    0.00000000
0.00000000  0.00000000  1000.00000000  1.00000000    0.00000000
0.00000000  0.00000000  1000.00000000  1.00000000    0.00000000
0.00000000  0.00000000  1000.00000000  1.00000000    0.00000000
0.00000000  0.00000000  1000.00000000  1.00000000    0.00000000
0.00000000  0.00000000  1000.00000000  1.00000000    0.00000000
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
                            Current     Certificate/      Current      Unpaid
          Original Face   Certificate     Notional        Accrued     Interest
 Class        Amount         Rate          Balance       Interest    Shortfall
------   ---------------  -----------  --------------  ------------  ----------

<S>       <C>               <C>        <C>               <C>            <C>
 1-A-1    148,641,000.00    1.43000%   145,152,616.80    172,973.54     0.00
 1-A-2    150,000,000.00    1.45375%   148,090,672.75    179,405.68     0.00
1-X-1A              0.00    0.88493%    68,873,164.50     50,790.06     0.00
1-X-1B              0.00    1.04002%    76,279,452.30     66,110.24     0.00
 1-X-2              0.00    1.01429%   148,090,672.75    125,171.95     0.00
 1-X-B              0.00    0.66259%     3,864,000.00      2,133.53     0.00
 1-A-R            100.00    2.39032%             0.00          0.00     0.00
 1-B-1      3,864,000.00    1.77000%     3,864,000.00      5,699.40     0.00
 1-B-2      2,628,000.00    2.43240%     2,628,000.00      5,326.95     0.00
 1-B-3      1,546,000.00    2.43240%     1,546,000.00      3,133.74     0.00
 1-B-4        773,000.00    2.43240%       773,000.00      1,566.87     0.00
 1-B-5        464,000.00    2.43240%       464,000.00        940.53     0.00
 1-B-6      1,236,668.87    2.43240%     1,236,668.87      2,506.72     0.00
 2-A-1    189,415,000.00    1.47000%   182,656,968.91    223,754.79     0.00
 2-M-1      9,986,000.00    1.59000%     9,986,000.00     13,231.45     0.00
 2-X-1              0.00    0.91954%   182,656,968.91    139,967.36     0.00
 2-X-M              0.00    0.79954%     9,986,000.00      6,653.53     0.00
 2-X-B              0.00    0.61954%     2,367,000.00      1,222.05     0.00
 2-A-R            100.00    2.34132%             0.00          0.00     0.00
 2-B-1      2,367,000.00    1.77000%     2,367,000.00      3,491.33     0.00
 2-B-2        824,000.00    2.38954%       824,000.00      1,640.82     0.00
 2-B-3      1,235,000.00    2.38954%     1,235,000.00      2,459.24     0.00
 2-B-4        618,000.00    2.38954%       618,000.00      1,230.61     0.00
 2-B-5        515,000.00    2.38954%       515,000.00      1,025.51     0.00
 2-B-6        926,589.00    2.38954%       926,589.00      1,845.10     0.00
------    --------------  ----------   --------------  ------------     ----
Totals    515,039,457.87                               1,012,281.00     0.00
------    --------------  ----------   --------------  ------------     ----
</TABLE>

<TABLE>
<CAPTION>

              Non-                              Remaining      Ending
 Current   Supported                              Unpaid    Certificate/
 Interest   Interest  Realized  Total Interest   Interest    Notational
Shortfall  Shortfall  Loss (4)   Distribution   Shortfall      Balance
---------  ---------  --------  --------------  ---------  --------------

   <S>        <C>       <C>       <C>              <C>     <C>
   0.00       0.00      0.00      172,973.53       0.00    143,776,694.20
   0.00       0.00      0.00      179,405.68       0.00    147,475,517.90
   0.00       0.00      0.00       50,790.06       0.00     68,604,808.91
   0.00       0.00      0.00       66,110.24       0.00     75,171,885.29
   0.00       0.00      0.00      125,171.95       0.00    147,475,517.90
   0.00       0.00      0.00        2,133.53       0.00      3,864,000.00
   0.00       0.00      0.00            0.00       0.00              0.00
   0.00       0.00      0.00        5,699.40       0.00      3,864,000.00
   0.00       0.00      0.00        5,326.95       0.00      2,628,000.00
   0.00       0.00      0.00        3,133.74       0.00      1,546,000.00
   0.00       0.00      0.00        1,566.87       0.00        773,000.00
   0.00       0.00      0.00          940.53       0.00        464,000.00
   0.00       0.00      0.00        2,506.72       0.00      1,236,668.87
   0.00       0.00      0.00      223,754.79       0.00    182,606,007.62
   0.00       0.00      0.00       13,231.45       0.00      9,986,000.00
   0.00       0.00      0.00      139,967.36       0.00    182,606,007.62
   0.00       0.00      0.00        6,653.53       0.00      9,986,000.00
   0.00       0.00      0.00        1,222.05       0.00      2,367,000.00
   0.00       0.00      0.00            0.00       0.00              0.00
   0.00       0.00      0.00        3,491.33       0.00      2,367,000.00
   0.00       0.00      0.00        1,640.82       0.00        824,000.00
   0.00       0.00      0.00        2,459.24       0.00      1,235,000.00
   0.00       0.00      0.00        1,230.61       0.00        618,000.00
   0.00       0.00      0.00        1,025.51       0.00        515,000.00
   0.00       0.00      0.00        1,845.10       0.00        926,589.00
   ----       ----      ----    ------------       ----    --------------
   0.00       0.00      0.00    1,012,280.99       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       Current     Unpaid
            Original Face  Certificate    Certificate/      Accrued    Interest
Class (5)       Amount         Rate     Notional Balance   Interest    Shortfall
---------  --------------  -----------  ----------------  ----------  ----------

<S>        <C>               <C>           <C>            <C>         <C>
  1-A-1    148,641,000.00    1.43000%      976.53148727   1.16370006  0.00000000
  1-A-2    150,000,000.00    1.45375%      987.27115167   1.19603787  0.00000000
 1-X-1A              0.00    0.88493%      978.85097556   0.72184718  0.00000000
 1-X-1B              0.00    1.04002%      974.44664338   0.84453807  0.00000000
  1-X-2              0.00    1.01429%      987.27115167   0.83447967  0.00000000
  1-X-B              0.00    0.66259%     1000.00000000   0.55215580  0.00000000
  1-A-R            100.00    2.39032%        0.00000000   0.00000000  0.00000000
  1-B-1      3,864,000.00    1.77000%     1000.00000000   1.47500000  0.00000000
  1-B-2      2,628,000.00    2.43240%     1000.00000000   2.02699772  0.00000000
  1-B-3      1,546,000.00    2.43240%     1000.00000000   2.02699871  0.00000000
  1-B-4        773,000.00    2.43240%     1000.00000000   2.02699871  0.00000000
  1-B-5        464,000.00    2.43240%     1000.00000000   2.02700431  0.00000000
  1-B-6      1,236,668.87    2.43240%     1000.00000000   2.02699369  0.00000000
  2-A-1    189,415,000.00    1.47000%      964.32156329   1.18129393  0.00000000
  2-M-1      9,986,000.00    1.59000%     1000.00000000   1.32500000  0.00000000
  2-X-1              0.00    0.91954%      964.32156329   0.73894549  0.00000000
  2-X-M              0.00    0.79954%      000.00000000   0.66628580  0.00000000
  2-X-B              0.00    0.61954%     1000.00000000   0.51628644  0.00000000
  2-A-R            100.00    2.34132%        0.00000000   0.00000000  0.00000000
  2-B-1      2,367,000.00    1.77000%     1000.00000000   1.47500211  0.00000000
  2-B-2        824,000.00    2.38954%     1000.00000000   1.99128641  0.00000000
  2-B-3      1,235,000.00    2.38954%     1000.00000000   1.99128745  0.00000000
  2-B-4        618,000.00    2.38954%     1000.00000000   1.99127832  0.00000000
  2-B-5        515,000.00    2.38954%     1000.00000000   1.99128155  0.00000000
  2-B-6        926,589.00    2.38954%     1000.00000000   1.99128200  0.00000000

</TABLE>


<TABLE>
<CAPTION>

               Non-                                 Remaining
  Current    Supported                                Unpaid
 Interest    Interest    Realized   Total Interest   Interest   Ending Certificate/
 Shortfall   Shortfall   Loss (6)    Distribution   Shortfall   Notational Balance
----------  ----------  ----------  --------------  ----------  -------------------

<S>         <C>         <C>           <C>           <C>             <C>
0.00000000  0.00000000  0.00000000    1.16369999    0.00000000      967.27480439
0.00000000  0.00000000  0.00000000    1.19603787    0.00000000      983.17011933
0.00000000  0.00000000  0.00000000    0.72184718    0.00000000      975.03700631
0.00000000  0.00000000  0.00000000    0.84453807    0.00000000      960.29781401
0.00000000  0.00000000  0.00000000    0.83447967    0.00000000      983.17011933
0.00000000  0.00000000  0.00000000    0.55215580    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    0.00000000    0.00000000        0.00000000
0.00000000  0.00000000  0.00000000    1.47500000    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    2.02699772    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    2.02699871    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    2.02699871    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    2.02700431    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    2.02699369    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    1.18129393    0.00000000      964.05251759
0.00000000  0.00000000  0.00000000    1.32500000    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    0.73894549    0.00000000      964.05251759
0.00000000  0.00000000  0.00000000    0.66628580    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    0.51628644    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    0.00000000    0.00000000        0.00000000
0.00000000  0.00000000  0.00000000    1.47500211    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    1.99128641    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    1.99128745    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    1.99127832    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    1.99128155    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    1.99128200    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>
<CAPTION>

<S>                                                                         <C>
Beginning Balance                                                                   0.00

Deposits
         Payments of Interest and Principal                                 3,198,274.07
         Liquidations, Insurance Proceeds, Reserve Funds                            0.00
         Proceeds from Repurchased Loans                                            0.00
         Other Amounts (Servicer Advances)                                      1,798.88
         Realized Losses (Gains, Subsequent Expenses & Recoveries)                  0.00
         Prepayment Penalties                                                       0.00
                                                                            ------------
Total Deposits                                                              3,200,072.95

Withdrawals
         Reimbursement for Servicer Advances                                        0.00
         Payment of Service Fee                                               145,753.22
         Payment of Interest and Principal                                  3,054,319.73
                                                                            ------------
Total Withdrawals (Pool Distribution Amount)                                3,200,072.95

Ending Balance                                                                      0.00
                                                                            ============

</TABLE>


                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

<TABLE>
<CAPTION>
<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>
<CAPTION>
<S>                                                                   <C>
Gross Servicing Fee                                                   144,705.55
Master Servicing Fee                                                    1,047.67
Supported Prepayment/Curtailment Interest Shortfall                         0.00
                                                                      ----------
Net Servicing Fee                                                     145,753.22
                                                                      ==========
</TABLE>



<PAGE>

<TABLE>
<CAPTION>
                                 Beginning      Current       Current    Ending
   Account Type                   Balance     Withdrawals    Deposits    Balance
   ------------                  ---------    -----------    --------   --------

<S>                               <C>             <C>          <C>      <C>
1-X-1A Reserve Fund               4,000.00        0.00         0.00     4,000.00
1-X-2 Reserve Fund                4,000.00        0.00         0.00     4,000.00
1-X-1B Reserve Fund               2,000.00        0.00         0.00     2,000.00
2-X-1 Reserve Fund                5,000.00        0.00         0.00     5,000.00
2-X-B Reserve Fund                2,500.00        0.00         0.00     2,500.00
2-X-M Reserve Fund                2,500.00        0.00         0.00     2,500.00
</TABLE>



             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

<TABLE>
<CAPTION>
           DELINQUENT                          BANKRUPTCY                       FORECLOSURE
---------------------------------  ---------------------------------  ---------------------------------
              No. of    Principal                 No. of   Principal                No. of    Principal
              Loans      Balance                  Loans     Balance                 Loans      Balance
            ---------  ----------              ---------   ---------              ---------   ---------
<S>              <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
30 Days          1     959,400.00  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
90 Days          0           0.00  90 Days           0        0.00    90 Days          0         0.00
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
180+ Days        0           0.00  180+ Days         0        0.00    180+ Days        0         0.00
            ---------   ---------              ---------   ---------              ---------   ---------
                 1     959,400.00                    0        0.00                     0         0.00


              No. of    Principal                No. of    Principal                No. of    Principal
              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%
30 Days     0.097276%   0.191558%  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%
90 Days     0.000000%   0.000000%  90 Days     0.000000%   0.000000%  90 Days     0.000000%   0.000000%
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%
180+ Days   0.000000%   0.000000%  180+ Days   0.000000%   0.000000%  180+ Days   0.000000%   0.000000%
            ---------   ---------              ---------   ---------              ---------   ---------
            0.097276%   0.191558%              0.000000%   0.000000%              0.000000%   0.000000%

</TABLE>


<TABLE>
<CAPTION>
               REO                                 TOTAL
----------------------------------   ----------------------------------
               No. of    Principal                 No. of      Principal
               Loans      Balance                  Loans        Balance
              ---------  ----------               ---------   --========
<S>               <C>       <C>      <C>              <C>           <C>
0-29 Days         0         0.00     0-29 Days        0             0.00
30 Days           0         0.00     30 Days          1       959,400.00
60 Days           0         0.00     60 Days          0             0.00
90 Days           0         0.00     90 Days          0             0.00
120 Days          0         0.00     120 Days         0             0.00
150 Days          0         0.00     150 Days         0             0.00
180+ Days         0         0.00     180+ Days        0             0.00
              ---------   ---------               ---------   ----------
                  0         0.00                      1       959,400.00


               No. of    Principal                  No. of    Principal
               Loans      Balance                   Loans      Balance
              ---------  ----------               ---------   --========

 0-29 Days    0.000000%   0.000000%   0-29 Days   0.000000%    0.000000%
 30 Days      0.000000%   0.000000%   30 Days     0.097276%    0.191558%
 60 Days      0.000000%   0.000000%   60 Days     0.000000%    0.000000%
 90 Days      0.000000%   0.000000%   90 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%
 180+ Days    0.000000%   0.000000%   180+ Days   0.000000%    0.000000%
              ---------   ---------               ---------   ----------
              0.000000%   0.000000%               0.097276%    0.191558%

</TABLE>

Current Period Class A Insufficient Funds:  0.00

Principal Balance of Contaminated Properties 0.00

Periodic Advance   1,798.88





<PAGE>


                                GROUP 1A - 1 MO.

<TABLE>
<CAPTION>
              DELINQUENT                             BANKRUPTCY                         FORECLOSURE
-------------------------------------  -----------------------------------  ---------------------------------
                 No. of     Principal                  No. of    Principal                No. of    Principal
                 Loans       Balance                   Loans      Balance                 Loans      Balance
               ---------    ---------                ---------   ---------              ---------   ---------
<S>                <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
30 Days            1       959,400.00  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
90 Days            0             0.00  90 Days         0            0.00    90 Days         0            0.00
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
180+ Days          0             0.00  180+ Days       0            0.00    180+ Days       0            0.00
               ---------   ---------               ---------   ---------                ---------   ---------
                   1       959,400.00                  0            0.00                    0            0.00

                 No. of     Principal                 No. of    Principal                 No. of    Principal
                 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%
30 Days        0.625000%    1.349342%  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%
90 Days        0.000000%    0.000000%  90 Days     0.000000%   0.000000%    90 Days     0.000000%   0.000000%
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%
180+ Days      0.000000%    0.000000%  180+ Days   0.000000%   0.000000%    180+ Days   0.000000%   0.000000%
               ---------    ---------              ---------   ---------               ---------   ---------
               0.625000%    1.349342%              0.000000%   0.000000%                0.000000%   0.000000%

</TABLE>


<TABLE>
<CAPTION>
                  REO                                 TOTAL
-----------------------------------  -----------------------------------
                No. of    Principal                  No. of    Principal
                Loans      Balance                   Loans      Balance
              ---------   ---------               ---------    ---------
<S>                <C>        <C>    <C>                <C>         <C>
0-29 Days          0          0.00   0-29 Days          0           0.00
30 Days            0          0.00   30 Days            1     959,400.00
60 Days            0          0.00   60 Days            0           0.00
90 Days            0          0.00   90 Days            0           0.00
120 Days           0          0.00   120 Days           0           0.00
150 Days           0          0.00   150 Days           0           0.00
180+ Days          0          0.00   180+ Days          0           0.00
              ---------   ---------               ---------    ---------
                   0          0.00                      1     959,400.00

                No. of    Principal                 No. of     Principal
                Loans      Balance                  Loans       Balance
              ---------   ---------               ---------    ---------

 0-29 Days    0.000000%   0.000000%   0-29 Days   0.000000%    0.000000%
 30 Days      0.000000%   0.000000%   30 Days     0.625000%    1.349342%
 60 Days      0.000000%   0.000000%   60 Days     0.000000%    0.000000%
 90 Days      0.000000%   0.000000%   90 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%
 180+ Days    0.000000%   0.000000%   180+ Days   0.000000%    0.000000%
             ---------   ---------               ---------    ---------
              0.000000%   0.000000%               0.625000%    1.349342%

</TABLE>


                                Group 1A - 6 Mo.

<TABLE>
<CAPTION>

              DELINQUENT                             BANKRUPTCY                         FORECLOSURE
-------------------------------------  -----------------------------------  ----------------------------------
                 No. of     Principal                  No. of    Principal                 No. of    Principal
                 Loans       Balance                   Loans      Balance                  Loans      Balance
               ---------    ---------                ---------   ---------               ---------   ---------
<S>                <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
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
90 Days            0             0.00  90 Days            0           0.00  90 Days           0           0.00
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
180+ Days          0             0.00  180+ Days          0           0.00  180+ Days         0           0.00
               ---------    ---------                ---------   ---------               ---------   ---------
                   0             0.00                     0           0.00                    0           0.00

                 No. of     Principal                  No. of    Principal                 No. of    Principal
                 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%
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%
90 Days        0.000000%    0.000000%  90 Days       0.000000%   0.000000%  90 Days      0.000000%   0.000000%
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%
180+ Days      0.000000%    0.000000%  180+ Days     0.000000%   0.000000%  180+ Days    0.000000%   0.000000%
               ---------    ---------                ---------   ---------               ---------   ---------
               0.000000%    0.000000%                0.000000%   0.000000%               0.000000%   0.000000%

</TABLE>

<TABLE>
<CAPTION>

                 REO                                 TOTAL
-----------------------------------  -----------------------------------
                No. of    Principal                 No. of     Principal
                Loans      Balance                  Loans       Balance
              ---------   ---------               ---------    ---------
<S>                <C>         <C>   <C>               <C>          <C>
0-29 Days          0           0.00  0-29 Days         0            0.00
30 Days            0           0.00  30 Days           0            0.00
60 Days            0           0.00  60 Days           0            0.00
90 Days            0           0.00  90 Days           0            0.00
120 Days           0           0.00  120 Days          0            0.00
150 Days           0           0.00  150 Days          0            0.00
180+ Days          0           0.00  180+ Days         0            0.00
              ---------   ---------               ---------    ---------
                   0           0.00                    0            0.00

                No. of    Principal                 No. of     Principal
                Loans      Balance                  Loans       Balance
              ---------   ---------               ---------    ---------
0-29 Days     0.000000%   0.000000%  0-29 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%
90 Days       0.000000%   0.000000%  90 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%
180+ Days     0.000000%   0.000000%  180+ Days    0.000000%    0.000000%
              ---------   ---------               ---------    ---------
              0.000000%   0.000000%               0.000000%    0.000000%

</TABLE>

<PAGE>


                                    GROUP 1B

<TABLE>
<CAPTION>
              DELINQUENT                             BANKRUPTCY                         FORECLOSURE
-------------------------------------  -----------------------------------  ----------------------------------
                 No. of     Principal                  No. of    Principal                 No. of    Principal
                 Loans       Balance                   Loans      Balance                  Loans      Balance
               ---------    ---------              ----------- -----------               ---------   ---------
<S>            <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
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
90 Days             0            0.00  90 Days            0           0.00  90 Days           0           0.00
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
180+ Days           0            0.00  180+ Days          0           0.00  180+ Days         0           0.00
               ---------    ---------              ----------- -----------               ---------   ---------
                    0            0.00                     0           0.00                    0           0.00

                 No. of     Principal                  No. of    Principal                 No. of    Principal
                 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%
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%
90 Days        0.000000%    0.000000%  90 Days       0.000000%   0.000000%  90 Days      0.000000%   0.000000%
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%
180+ Days      0.000000%    0.000000%  180+ Days     0.000000%   0.000000%  180+ Days    0.000000%   0.000000%
               ---------    ---------                ---------   ---------               ---------   ---------
               0.000000%    0.000000%                0.000000%   0.000000%               0.000000%   0.000000%

</TABLE>


<TABLE>
<CAPTION>
                 REO                                 TOTAL
-----------------------------------  -----------------------------------
                No. of    Principal                 No. of     Principal
                Loans      Balance                  Loans       Balance
             ---------- -----------               ---------    ---------
<S>          <C>        <C>          <C>          <C>          <C>
0-29 Days          0           0.00  0-29 Days         0            0.00
30 Days            0           0.00  30 Days           0            0.00
60 Days            0           0.00  60 Days           0            0.00
90 Days            0           0.00  90 Days           0            0.00
120 Days           0           0.00  120 Days          0            0.00
150 Days           0           0.00  150 Days          0            0.00
180+ Days          0           0.00  180+ Days         0            0.00
             ---------- -----------               ---------    ---------
                   0           0.00                    0            0.00

                No. of    Principal                 No. of     Principal
                Loans      Balance                  Loans       Balance
             ---------- -----------               ---------    ---------
0-29 Days     0.000000%   0.000000%  0-29 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%
90 Days       0.000000%   0.000000%  90 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%
180+ Days     0.000000%   0.000000%  180+ Days    0.000000%    0.000000%
              ---------   ---------               ---------    ---------
              0.000000%   0.000000%               0.000000%    0.000000%

</TABLE>


                                     Group 2


<TABLE>
<CAPTION>

              DELINQUENT                             BANKRUPTCY                         FORECLOSURE
-------------------------------------  -----------------------------------  ----------------------------------

                 No. of     Principal                  No. of    Principal                 No. of    Principal
                 Loans       Balance                   Loans      Balance                  Loans      Balance
               ---------    ---------                ---------   ---------               ----------- ---------
<S>            <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
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
90 Days             0            0.00  90 Days            0           0.00  90 Days           0           0.00
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
180+ Days           0            0.00  180+ Days          0           0.00  180+ Days         0           0.00
               ---------    ---------                ---------   ---------               ----------- ---------
                    0            0.00                     0           0.00                    0           0.00

                 No. of     Principal                  No. of    Principal                 No. of    Principal
                 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%
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%
90 Days        0.000000%    0.000000%  90 Days       0.000000%   0.000000%  90 Days      0.000000%   0.000000%
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%
180+ Days      0.000000%    0.000000%  180+ Days     0.000000%   0.000000%  180+ Days    0.000000%   0.000000%
               ---------    ---------                ---------   ---------               ---------   ---------
               0.000000%    0.000000%                0.000000%   0.000000%               0.000000%   0.000000%

</TABLE>

<TABLE>
<CAPTION>

                 REO                                 TOTAL
-----------------------------------  -----------------------------------

                No. of    Principal                 No. of     Principal
                Loans      Balance                  Loans       Balance
              ---------   ---------               ---------    ---------
<S>           <C>         <C>        <C>          <C>          <C>
0-29 Days          0           0.00  0-29 Days         0            0.00
30 Days            0           0.00  30 Days           0            0.00
60 Days            0           0.00  60 Days           0            0.00
90 Days            0           0.00  90 Days           0            0.00
120 Days           0           0.00  120 Days          0            0.00
150 Days           0           0.00  150 Days          0            0.00
180+ Days          0           0.00  180+ Days         0            0.00
              ---------   ---------               ---------    ---------
                   0           0.00                    0            0.00

                No. of    Principal                 No. of     Principal
                Loans      Balance                  Loans       Balance
              ---------   ---------               ---------    ---------
0-29 Days     0.000000%   0.000000%  0-29 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%
90 Days       0.000000%   0.000000%  90 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%
180+ Days     0.000000%   0.000000%  180+ Days    0.000000%    0.000000%
              ---------   ---------               ---------    ---------
              0.000000%   0.000000%               0.000000%    0.000000%

</TABLE>

<PAGE>




                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>

<S>                                                               <C>
Collateral Description                                                 Mixed Arm

Weighted Average Gross Coupon                                          2.763344%
Weighted Average Net Coupon                                            2.418042%
Weighted Average Pass-Through Rate                                     2.415542%
Weighted Average Maturity (Stepdown Calculation)                             319

Beginning Scheduled Collateral Loan Count                                  1,031
Number of Loans Paid in Full                                                   3
Ending Scheduled Collateral Loan Count                                     1,028

Beginning Scheduled Collateral Balance                            502,883,517.08
Ending Scheduled Collateral Balance                               500,841,478.34
Ending Actual Collateral Balance at 28-Nov-2003                   500,841,478.34

Monthly P&I Constant                                                1,167,476.66
Special Servicing Fee                                                       0.00
Prepayment Penalties                                                        0.00
Realized Loss Amount                                                        0.00
Cumulative Realized Loss                                                    0.00

Ending Scheduled Balance for Premium Loans                        500,841,478.34

Scheduled Principal                                                     9,443.05
Unscheduled Principal                                               2,032,595.69

</TABLE>



<PAGE>



MISCELLANEOUS REPORTING

<TABLE>
<CAPTION>
<S>                                                                  <C>
Group 1A Pro Rata Senior Percentage                                   96.520918%
Group 1B Pro Rata Senior Percentage                                   96.557572%
Group 2 Pro Rata Senior Percentage                                    91.728163%

Group 1A Senior Percentage                                           100.000000%
Group 1B Senior Percentage                                           100.000000%
Group 2 Senior Percentage                                            100.000000%

Group 1A Senior Prepayment Percentage                                100.000000%
Group 1B Senior Prepayment Percentage                                100.000000%
Group 2 Senior Prepayment Percentage                                 100.000000%

Group 1 Subordinate Percentage                                         0.000000%
Group 2 Subordinate Percentage                                         0.000000%

Group 1 Subordinate Prepay Percentage                                  0.000000%
Group 2 Subordinate Prepay Percentage                                  0.000000%

</TABLE>




<PAGE>



<TABLE>
<CAPTION>

            GROUP                       GROUP 1A - 1 MO    GROUP 1A - 6 MO        GROUP 1B            GROUP 2             TOTAL
            -----                      ----------------   ----------------  ----------------   -----------------   ----------------
<S>                                    <C>                <C>               <C>                <C>
Collateral Description                 1 Month            6 Month           6 Month            1 Month
                                       LIBOR ARM          LIBOR ARM         LIBOR ARM          LIBOR ARM           Mixed ARM
Weighted Average Coupon Rate                   2.692432         2.847522            2.845536            2.692042           2.763344
Weighted Average Net Rate                      2.317432         2.472522            2.470536            2.392042           2.418042
Pass-Through Rate                              2.314932         2.470022            2.468036            2.389542           2.415542
Weighted Average Maturity                           295              295                 295                 348                319
Record Date                                  11/28/2003       11/28/2003          11/28/2003          11/28/2003         11/28/2003
Principal and Interest Constant              160,100.28       187,530.51          363,684.05          456,161.82       1,167,476.66
Beginning Loan Count                                161              238                 421                 211              1,031
Loans Paid in Full                                    1                2                   0                   0                  3
Ending Loan Count                                   160              236                 421                 211              1,028
Beginning Scheduled Balance               71,355,687.72    79,028,934.08      153,370,336.62      199,128,558.66     502,883,517.08
Ending Scheduled Balance                  71,101,324.12    77,907,375.08      152,755,181.77      199,077,597.37     500,841,478.34
Scheduled Principal                                0.00             0.00                0.00            9,443.05           9,443.05
Unscheduled Principal                        254,363.60     1,121,559.00          615,154.85           41,518.24       2,032,595.69
Scheduled Interest                           160,100.28       187,530.51          363,684.05          446,718.77       1,158,033.61
Servicing Fee                                 22,298.65        24,696.54           47,928.23           49,782.13         144,705.55
Master Servicing Fee                               0.00             0.00                0.00                0.00               0.00
Trustee Fee                                      148.66           164.64              319.52              414.85           1,047.67
FRY Amount                                         0.00             0.00                0.00                0.00               0.00
Special Hazard Fee                                 0.00             0.00                0.00                0.00               0.00
Other Fee                                          0.00             0.00                0.00                0.00               0.00
Pool Insurance Fee                                 0.00             0.00                0.00                0.00               0.00
Spread 1                                           0.00             0.00                0.00                0.00               0.00
Spread 2                                           0.00             0.00                0.00                0.00               0.00
Spread 3                                           0.00             0.00                0.00                0.00               0.00
Net Interest                                 137,652.97       162,669.33          315,436.30          396,521.79       1,012,280.39
Realized Loss Amount                               0.00             0.00                0.00                0.00               0.00
Cumulative Realized Loss                           0.00             0.00                0.00                0.00               0.00
Percentage of Cumulative Losses                    0.00             0.00                0.00                0.00               0.00
Prepayment Penalties                               0.00             0.00                0.00                0.00               0.00
Special Servicing Fee                              0.00             0.00                0.00                0.00               0.00

</TABLE>