** **

**Exhibit 14(a)(1)(iv)**

 

[ANDERSEN LOGO]

**Reportof independent public accountants**

** **

To the Partners of CRIIMI MAEServicesLimited Partnership and Subsidiaries:

 

We haveexamined management’s assertion about CRIIMI MAE Services Limited Partnershipand Subsidiaries’ (the “Partnership”) compliance with the minimum servicingstandards identified in the Mortgage Bankers Association of America’s (“MBA”)Uniform Single Attestation Program for Mortgage Bankers (USAP), (except forcommercial loan and multifamily loan servicing, minimum servicing standards V.4and VI.1. which the MBA has interpreted as inapplicable to such servicing) andthat the Partnership had in effect a fidelity bond and an errors and omissionspolicy each in the amount of $20 million, as of and for the year ended December31, 2001, included in the accompanying management’s assertion.  Management is responsible for thePartnership’s compliance with those minimum servicing standards and formaintaining a fidelity bond and an errors and omissions policy.  Our responsibility is to express an opinionon management’s assertion about the Partnership’s compliance based on ourexamination.

 

Ourexamination was made in accordance with standards established by the AmericanInstitute of Certified Public Accountants and, accordingly, included examining,on a test basis, evidence about the Partnership’s compliance with the minimumservicing standards and performing such other procedures as we considerednecessary in the circumstances.  Webelieve that our examination provides a reasonable basis for our opinion.  Our examination does not provide a legaldetermination on the Partnership’s compliance with the minimum servicingstandards.

 

In ouropinion, management’s assertion that the Partnership complied with the aforementionedminimum servicing standards, and that the Partnership had in effect a fidelitybond and an errors and omission policy each in the amount of $20 million, as ofand for the year ended December 31, 2001, is fairly stated, in all materialrespects.

 
|               | /s/ Arthur  Andersen LLP |
|--------------------|--------------------------|
|               |                     |
| Vienna, VA         |                     |
| February 28,  2002 |                     |

 

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**CRIIMIMAE Services**

**LimitedPartnership and Subsidiaries**

** **

**Management’sAssertion**

 

As of and forthe year ended December 31, 2001 CRIIMI MAE Services Limited Partnership andSubsidiaries has complied in all material respects with the minimum servicingstandards set forth in the Mortgage Bankers Association of America’s UniformSingle Attestation Program for Mortgage Bankers (except, for commercial loanand multifamily loan servicing, minimum servicing standards V.4 and VI.1.,which the MBA has interpreted as inapplicable to such servicing.)

 

As of and forthe year ended December 31, 2001, CRIIMI MAE Services Limited Partnership andSubsidiaries had in effect a fidelity bond and an errors and omissions policyeach in the amount of $20 million.

 
|   | /s/ H.  William Willoughby |   |
|--------|----------------------------|--------|
|   | William Willoughby         |   |
|   | President and Secretary    |   |
|   |                       |   |
|   | /s/ Cynthia  O. Azzara     |   |
|   | Cynthia O. Azzara          |   |
|   | Senior Vice President and  |   |
|   | Chief Financial Officer    |   |
|   |                       |
|   | /s/ Brian  Hanson          |   |
|   | Brian Hanson               |   |
|   | Senior Vice President      |   |
|   | Mortgage Servicing         |   |
|   |                       |
|   | /s/ David  Shay            |   |
|   | David Shay                 |   |
|   | Group Vice President       |   |
|   | Mortgage Servicing         |   |
|   |                       |
|   | /s/ Eugene  J. Bredow      |   |
|   | Eugene J. Bredow           |   |
|   | Vice President             |   |
|   | Corporate Comptroller      |   |

 

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