Ex-99.1 a)


INDEPENDENT ACCOUNTANTS' REPORT ON
MANAGEMENT'S ASSERTION ABOUT COMPLIANCE WITH
UNIFORM SINGLE ATTESTATION PROGRAM REQUIREMENTS


To the Board of Directors
Alliance Mortgage Company:

We have examined management's assertion about Alliance Mortgage Company's and
subsidiaries ("Alliance Mortgage Company") compliance with the minimum servicing
standards identified in the Mortgage Bankers Association of America's Uniform
Single Attestation Program for Mortgage Bankers (USAP) as of and for the year
ended December 31, 2001 included in the accompanying management assertion.
Management is responsible for Alliance Mortgage Company's compliance with those
minimum servicing standards. Our responsibility is to express an opinion on
management's assertion about the entity's compliance based on our examination.

Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about Alliance Mortgage Company's
compliance with the minimum servicing standards 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 Alliance Mortgage Company's compliance with
the minimum servicing standards.

In our opinion, management's assertion that Alliance Mortgage Company and
subsidiaries complied with the aforementioned minimum servicing standards as of
and for the year ended December 31, 2001 is fairly stated, in all material
respects.

/s/ Deloitte & Touche

March 22, 2002

Ex-99.1 b)


Independent Accountant's Report


<PAGE>

The Board of Directors
Impac Funding Corporation:

We have examined management's assertion, included in the accompanying Management
Assertions on Master Servicing, that, except for the noncompliance items
described in items 3, 6 and 7, Impac Funding Corporation complied with the
requirements for Master Servicer as detailed in the Pooling and Servicing
Agreements during the year ended December 31, 2001. Management is responsible
for Impac Funding Corporation's compliance with those requirements. Our
responsibility is to express an opinion on Impac Funding Corporation'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 Impac Funding
Corporation's compliance with those requirements and performing such other
procedures as we considered necessary in the circumstances. Our examination of
the sub-servicers' compliance with the Master Servicer's requirements in the
Pooling and Servicing Agreements was limited to a review of the applicable sub-
servicer agreements to confirm compliance with Master Servicer's requirements
under the applicable Pooling and Servicing Aggreements. Our examination did not
extend to the controls at the sub-servicers. We believe that our examination
provides a reasonable basis for our opinion. Our examination does not provide a
legal determination on Impac Funding Corporation's compliance with specified
requirements.

Our examination disclosed the following material noncompliance with the
requirements of Master Servicer as detailed in the Pooling and Servicing
Agreements applicable to Impac Funding Corporation during the year ended
December 31, 2001.

        The Master Servicer has not set up custodial accounts under the name of
        the indenture trustee as required in the Pooling and Servicing
        Agreements.

        The sub-servicers are allowed 48 hours to deposit payments into the
        protected accounts rather than 24 hours as required in the Pooling and
        Servicing Agreements.

        The Master Servicer does not send Bank statements to the Trustee on a
        monthly basis as required in the Pooling and Servicing Agreements.

        The Master Servicer does not cause Option One Mortgage Corporation,
        which is one of the Master Servicer's sub-servicers, to deny mortgage
        payment forbearance for more than six months or during the last twelve
        months of the mortgage note term as required in the Pooling and

<PAGE>

        Servicing Agreements.

        The Master Servicer does not cause the sub-servicer to provide an
        officer's certificate, regarding the liquidation of a mortgage loan, to
        the trustee within five business days after it is determined that all
        amounts expected to be recovered are recovered.

In our opinion, except for the material noncompliance described in the third
paragraph, Impac Funding Corporation complied, in all material respects, with
the aforementioned requirements for the year ended December 31, 2001. These
conditions were considered in determining the nature, timing, and extent of
audit of the 2001 financial statements, and this report does not effect our
report dated January 28, 2002.

This report is intended solely for the information and use of Bankers Trust
Company, Wells Fargo Bank Minnesota, N.A. and LaSalle National Bank and is not
intended to be and should not be used by anyone other than these specified
parties.

/s/ KPMG

May 30, 2002