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|Lehman Home Equity Loan Trust Series 2004-3
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|2004 Annual Statement                      
|                                            |   |           |             |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                                            |   |           |             |       |               |  | DISTRIBUTION IN DOLLARS |  |                |  |           |  | 
|                                            |   |           |             |       |               |  |                         |  |                |  |           |  |  |  | ENDING BALANCE | 
|PERIOD                                      |   | CLASS     |             | CUSIP |               |  | INTEREST                |  |                |  | PRINCIPAL |  | 
|200406                                      | A | 525180CH6 | $49,166.67  |       | $508,932.83   |  | $99,491,067.17          | 
|200407                                      | A | 525180CH6 | $131,722.03 |       | $1,468,270.36 |  | $98,022,796.81          | 
|200408                                      | A | 525180CH6 | $150,737.28 |       | $2,275,258.57 |  | $95,747,538.24          | 
|200409                                      | A | 525180CH6 | $155,589.75 |       | $3,270,793.87 |  | $92,476,744.37          | 
|200410                                      | A | 525180CH6 | $162,604.94 |       | $2,181,030.23 |  | $90,295,714.14          | 
|200411                                      | A | 525180CH6 | $172,615.31 |       | $2,758,143.99 |  | $87,537,570.15          | 
|200412                                      | A | 525180CH6 | $178,722.54 |       | $3,634,780.52 |  | $83,902,789.63          | 
|                                            |   |           |             |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                                            |   |           |             |       |               |  | $1,001,158.52           |  | $16,097,210.37 |  |           |  | 
|200406                                      | R | 525180CJ2 | $0.00       |       | $0.00         |  | $0.00                   | 
|200407                                      | R | 525180CJ2 | $0.00       |       | $0.00         |  | $0.00                   | 
|200408                                      | R | 525180CJ2 | $0.00       |       | $0.00         |  | $0.00                   | 
|200409                                      | R | 525180CJ2 | $0.00       |       | $0.00         |  | $0.00                   | 
|200410                                      | R | 525180CJ2 | $0.00       |       | $0.00         |  | $0.00                   | 
|200411                                      | R | 525180CJ2 | $0.00       |       | $0.00         |  | $0.00                   | 
|200412                                      | R | 525180CJ2 | $0.00       |       | $0.00         |  | $0.00                   | 
|                                            |   |           |             |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                                            |   |           |             |       |               |  | $0.00                   |  | $0.00          |  |           |  | 
|                                            |   |           |             |       |               |  | $1,001,158.52           |  | $16,097,210.37 |  |           |  |