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                                  EXHIBIT 13

                         TRANS-WORLD INSURANCE COMPANY
                              2840 MORRIS AVENUE
                               UNION, NJ  07083

                          CLASSNOTES TRUST  1995 - I

             CLASS A-9       Year End Statement for Series 1996-2
                      12/31/96



(i)      Amount of Principal being paid or distributed in
         respect of the Notes

     CLASS A-9 NOTES          0.00
     Per $50,000 original principal amount of the Notes      0.000000


(ii)     Amount of Interest being paid or distributed in
         respect of the Notes

     CLASS A-9 NOTES          0.00
     Per $50,000 original principal amount of the Notes      0.000000


(iii)      (A)  Amount of Noteholders' Auction Rate
                Interest Carryover being paid or distributed
                in respect of the Notes

      CLASS A-9 NOTES                                                      0.00
      Per $50,000 original principal amount of the Notes               0.000000

           (B)  Remaining Amount of Noteholders' Auction
                Rate Interest Carryover to be paid or distributed
                in respect of the Notes

      CLASS A-9 NOTES                                                      0.00
      Per $50,000 original principal amount of the Notes               0.000000


(iv)       Pool Balance at end of preceding Collection Period    620,129,188.60


(v)       Outstanding Principal amount after giving effect to distributions on
          this Note Distribution Date:

       CLASS A-9 NOTES              140,000,000.00


(vi)       Applicable Interest Rate:
     (a)   In general:
            1.  Auction Rate for the prior Interest Period:

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          CLASS A-9 NOTES
          PERIOD 1       0.00000%
          PERIOD 2       0.00000%
          PERIOD 3       0.00000%
          CURRENT RATE   (LIBOR)    5.74406%
::

            2.  NET LOAN RATE
          PERIOD 1       6.6375%
          PERIOD 2       0.0000%
          PERIOD 3       0.0000%


(vii)  (a)     Service Fee for related Collection Period  (Pro Rata)      0.00
     Per $50,000 original principal amount of the Notes             0.000000

       (b)    Service Fee Carryover for related Collection Period
                   1.  Distributed                                  0.00
     Per $50,000 original principal amount of the Notes             0.000000

                   2.  Remaining Balance                            0.00
     Per $50,000 original principal amount of the Notes             0.000000

(viii)     Amount of Fees for related Collection Period:

                    1.  Administration Fee  (Pro Rata)             0.00
      Per $50,000 original principal amount of the Notes           0.000000

                    2.  Auction Agent Fee  (Pro Rata)              0.00
      Per $50,000 original principal amount of the Notes           0.000000

                    3.  Indenture Trustee Fee  (Pro Rata)          0.00
      Per $50,000 original principal amount of the Notes           0.000000

                    4.  Eligible Lender Trustee Fee  (Pro Rata)    0.00
      Per $50,000 original principal amount of the Notes           0.000000

                    5.  Surety Provider Fee  (Pro Rata)            0.00
      Per $50,000 original principal amount of the Notes           0.000000


(ix)       Amount of payments to the Surety Provider in
            reimbursement of prior draws under any Note
            Surety Bond or the Certificate Surety Bond             0.00

(x)        Aggregate amount of Realized losses for the
            related Collection period                              0.00

(xi)       Aggregate amount received with respect to Financed
            Student Loans for which Realized Losses were
            allocated previously                                   0.00
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(xii)      (a)        Amount of the distribution attributable to amounts
                      in the Reserve Account                       0.00

           (b)        Amount of any other withdrawals from the Reserve
                      Account for such Distribution Date           0.00
           (c)        Amount in the Reserve Account                2,145,545.18


(xiii)   Amount of any draw required to be made under a Note Surety
         bond (together with any other information required to
         make such draw)                                             0.00

::
(xiv)    (a)    Portion (if any) of the distribution attributable to amounts on
                     deposit in the Pre-Funding Account              0.00

         (b)     Amount in the Pre-Funding Account 30,048,367.53

(xv)     Aggregate amount if any paid by the Eligible Lender Trustee for
         Additional Financed Student Loans during the preceding collection
           period                                                    0.00

(xvi)    Amount in the Pre-Funding Account at the end of the Funding Period
           to be distributed as a payment of principal in respect of:

      (a) CLASS A-1 NOTES                                                 0.00
      (b) CLASS A-1 NOTES (Only if Class___ Notes
            have been paid in full)                                       0.00

(xvii)  Aggregate amount (if any) paid for Financed Student Loans during
           the preceding collection period.                               0.00


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(xviii)   Parity Percentage         Numerator                    692,253,979.86
            as of   12/31/96   Denominator    685,371,402.84          101.00%

(xix)     Excess of amounts deposited into the Collection Account with respect
          to the sale by the Trust of Serial Loans over the aggregate Purchase
          amount of such loans (such excess to be distributed to Student
          Holdings)                                                  254,451.25

(xx)      Amount of Additional Principal Payments, if any, made on
            such Distribution Date                                         0.00


The Money Store, Inc.



By: /s/ Harry Puglisi
   __________________
Harry Puglisi
Treasurer