<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 2004-4
                          RECORD DATE: AUGUST 31, 2004
                      DISTRIBUTION DATE: SEPTEMBER 20, 2004

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                             Certificate                                             Beginning
                                 Class                Certificate Pass-             Certificate             Interest
Class        CUSIP            Description                Through Rate                 Balance             Distribution
-----        -----           ------------             -----------------             ------------          ------------
<S>        <C>               <C>                      <C>                          <C>                    <C>
  A        81744FBF3             SEN                      1.60813%                 757,207,557.16         1,014,740.15
 X-1       81744FBG1             SEN                      0.80000%                           0.00           458,547.27
 X-2       81744FBH9             SEN                      0.44149%                           0.00           278,585.76
 X-B       81744FBJ5             SEN                      0.53086%                           0.00            10,157.98
 B-1       81744FBK2             SUB                      2.10000%                  14,612,000.00            25,571.00
 B-2       81744FBL0             SUB                      2.50000%                   8,350,000.00            17,395.83
 B-3       81744FBM8             SUB                      2.77632%                   4,175,000.00             9,659.27
 B-4       81744FBN6             SUB                      2.77632%                   2,509,000.00             5,804.82
 B-5       81744FBP1             SUB                      2.77632%                   2,088,000.00             4,830.79
 B-6       81744FBQ9             SUB                      2.77632%                   3,757,983.00             8,694.46
 A-R       81744FBR7             RES                      2.68401%                           0.00                 0.00
                                                                                   --------------         ------------
Totals                                                                             792,699,540.16         1,833,987.33
                                                                                   --------------         ------------

<CAPTION>
                            Principal          Current       Ending Certificate           Total            Cumulative
Class        CUSIP        Distribution      Realized Loss          Balance             Distribution       Realized Loss
-----        -----        ------------      -------------    ------------------        ------------       ------------
<S>        <C>           <C>                <C>              <C>                       <C>                <C>
  A        81744FBF3     13,704,784.45           0.00            743,502,772.71        14,719,524.60          0.00
 X-1       81744FBG1              0.00           0.00                      0.00           458,547.27          0.00
 X-2       81744FBH9              0.00           0.00                      0.00           278,585.76          0.00
 X-B       81744FBJ5              0.00           0.00                      0.00            10,157.98          0.00
 B-1       81744FBK2              0.00           0.00             14,612,000.00            25,571.00          0.00
 B-2       81744FBL0              0.00           0.00              8,350,000.00            17,395.83          0.00
 B-3       81744FBM8              0.00           0.00              4,175,000.00             9,659.27          0.00
 B-4       81744FBN6              0.00           0.00              2,509,000.00             5,804.82          0.00
 B-5       81744FBP1              0.00           0.00              2,088,000.00             4,830.79          0.00
 B-6       81744FBQ9              0.00           0.00              3,757,983.00             8,694.46          0.00
 A-R       81744FBR7              0.00           0.00                      0.00                 0.00          0.00
                         -------------           ----            --------------        -------------          ----
Totals                   13,704,784.45           0.00            778,994,755.71        15,538,771.78          0.00
                         -------------           ----            --------------        -------------          ----

</TABLE>

All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.

                        PRINCIPAL DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
                                            Beginning        Scheduled            Unscheduled
                 Original Face             Certificate       Principal             Principal                              Realized
Class                Amount                  Balance        Distribution         Distribution           Accretion         Loss (1)
-----            -------------             -----------      ------------         ------------           ---------         --------
<S>             <C>                     <C>                 <C>                <C>                      <C>               <C>
  A             799,511,000.00          757,207,557.16          0.00           13,704,784.45               0.00             0.00
 X-1                      0.00                    0.00          0.00                    0.00               0.00             0.00
 X-2                      0.00                    0.00          0.00                    0.00               0.00             0.00
 X-B                      0.00                    0.00          0.00                    0.00               0.00             0.00
 B-1             14,612,000.00           14,612,000.00          0.00                    0.00               0.00             0.00
 B-2              8,350,000.00            8,350,000.00          0.00                    0.00               0.00             0.00
 B-3              4,175,000.00            4,175,000.00          0.00                    0.00               0.00             0.00
 B-4              2,509,000.00            2,509,000.00          0.00                    0.00               0.00             0.00
 B-5              2,088,000.00            2,088,000.00          0.00                    0.00               0.00             0.00
 B-6              3,757,983.00            3,757,983.00          0.00                    0.00               0.00             0.00
 A-R                    100.00                    0.00          0.00                    0.00               0.00             0.00
                --------------          --------------          ----           -------------               ----             ----
Totals          835,003,083.00          792,699,540.16          0.00           13,704,784.45               0.00             0.00
                --------------          --------------          ----           -------------               ----             ----

<CAPTION>
             Total Principal              Ending Certificate              Ending Certificate                Total Principal
Class            Reduction                      Balance                        Percentage                     Distribution
-----        ---------------              ------------------              ------------------                ----------------
<S>          <C>                          <C>                             <C>                               <C>
  A           13,704,784.45                  743,502,772.71                    0.92994690                     13,704,784.45
 X-1                   0.00                            0.00                    0.00000000                              0.00
 X-2                   0.00                            0.00                    0.00000000                              0.00
 X-B                   0.00                            0.00                    0.00000000                              0.00
 B-1                   0.00                   14,612,000.00                    1.00000000                              0.00
 B-2                   0.00                    8,350,000.00                    1.00000000                              0.00
 B-3                   0.00                    4,175,000.00                    1.00000000                              0.00
 B-4                   0.00                    2,509,000.00                    1.00000000                              0.00
 B-5                   0.00                    2,088,000.00                    1.00000000                              0.00
 B-6                   0.00                    3,757,983.00                    1.00000000                              0.00
 A-R                   0.00                            0.00                    0.00000000                              0.00
              -------------                  --------------                    ----------                     -------------
Totals        13,704,784.45                  778,994,755.71                    0.93292441                     13,704,784.45
              -------------                  --------------                    ----------                     -------------
</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                                 Realized
Class             Amount                Balance         Distribution        Distribution              Accretion        Loss (3)
-----         -------------           -----------       ------------        ------------              ---------        --------
<S>           <C>                     <C>               <C>                 <C>                      <C>              <C>
  A            799,511,000.00          947.08835421      0.00000000          17.14145828             0.00000000       0.00000000
 X-1                     0.00            0.00000000      0.00000000           0.00000000             0.00000000       0.00000000
 X-2                     0.00            0.00000000      0.00000000           0.00000000             0.00000000       0.00000000
 X-B                     0.00            0.00000000      0.00000000           0.00000000             0.00000000       0.00000000
 B-1            14,612,000.00         1000.00000000      0.00000000           0.00000000             0.00000000       0.00000000
 B-2             8,350,000.00         1000.00000000      0.00000000           0.00000000             0.00000000       0.00000000
 B-3             4,175,000.00         1000.00000000      0.00000000           0.00000000             0.00000000       0.00000000
 B-4             2,509,000.00         1000.00000000      0.00000000           0.00000000             0.00000000       0.00000000
 B-5             2,088,000.00         1000.00000000      0.00000000           0.00000000             0.00000000       0.00000000
 B-6             3,757,983.00         1000.00000000      0.00000000           0.00000000             0.00000000       0.00000000
 A-R                   100.00            0.00000000      0.00000000           0.00000000             0.00000000       0.00000000

<CAPTION>

                      Total Principal             Ending Certificate          Ending Certificate            Total Principal
Class                    Reduction                      Balance                    Percentage                Distribution
-----                 ---------------             -------------------         -------------------           ----------------
<S>                   <C>                         <C>                         <C>                           <C>
  A                     17.14145828                    929.94689593               0.92994690                 17.14145828
 X-1                     0.00000000                      0.00000000               0.00000000                  0.00000000
 X-2                     0.00000000                      0.00000000               0.00000000                  0.00000000
 X-B                     0.00000000                      0.00000000               0.00000000                  0.00000000
 B-1                     0.00000000                   1000.00000000               1.00000000                  0.00000000
 B-2                     0.00000000                   1000.00000000               1.00000000                  0.00000000
 B-3                     0.00000000                   1000.00000000               1.00000000                  0.00000000
 B-4                     0.00000000                   1000.00000000               1.00000000                  0.00000000
 B-5                     0.00000000                   1000.00000000               1.00000000                  0.00000000
 B-6                     0.00000000                   1000.00000000               1.00000000                  0.00000000
 A-R                     0.00000000                      0.00000000               0.00000000                  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.

                         INTEREST DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
                                                                         Beginning
                                                                        Certificate/
                 Original Face                    Current                 Notional
Class                Amount                  Certificate Rate             Balance
-----            -------------               ----------------           ------------
<S>             <C>                          <C>                       <C>
  A             799,511,000.00                    1.60813%             757,207,557.16
 X-1                      0.00                    0.80000%             687,820,907.09
 X-2                      0.00                    0.44149%             757,207,557.16
 X-B                      0.00                    0.53086%              22,962,000.00
 B-1             14,612,000.00                    2.10000%              14,612,000.00
 B-2              8,350,000.00                    2.50000%               8,350,000.00
 B-3              4,175,000.00                    2.77632%               4,175,000.00
 B-4              2,509,000.00                    2.77632%               2,509,000.00
 B-5              2,088,000.00                    2.77632%               2,088,000.00
 B-6              3,757,983.00                    2.77632%               3,757,983.00
 A-R                    100.00                    2.68401%                       0.00
                --------------
Totals          835,003,083.00
                --------------

<CAPTION>
                                               Payment of                                       Non-
                      Current                    Unpaid                 Current              Supported
                      Accrued                   Interest                Interest              Interest             Realized
Class                Interest                   Shortfall              Shortfall             Shortfall             Loss (4)
-----                --------                  ----------              ---------             ---------             --------
<S>                <C>                         <C>                     <C>                   <C>                   <C>
  A                1,014,740.16                   0.00                    0.00                 0.01                  0.00
 X-1                 458,547.27                   0.00                    0.00                 0.00                  0.00
 X-2                 278,585.76                   0.00                    0.00                 0.00                  0.00
 X-B                  10,157.98                   0.00                    0.00                 0.00                  0.00
 B-1                  25,571.00                   0.00                    0.00                 0.00                  0.00
 B-2                  17,395.83                   0.00                    0.00                 0.00                  0.00
 B-3                   9,659.27                   0.00                    0.00                 0.00                  0.00
 B-4                   5,804.82                   0.00                    0.00                 0.00                  0.00
 B-5                   4,830.79                   0.00                    0.00                 0.00                  0.00
 B-6                   8,694.46                   0.00                    0.00                 0.00                  0.00
 A-R                       0.00                   0.00                    0.00                 0.00                  0.00
                   ------------                   ----                    ----                 ----                  ----
Totals             1,833,987.34                   0.00                    0.00                 0.01                  0.00
                   ------------                   ----                    ----                 ----                  ----

<CAPTION>
                                           Remaining                   Ending
                                            Unpaid                  Certificate/
             Total Interest                Interest                  Notational
Class         Distribution                 Shortfall                   Balance
-----        --------------                ---------                ------------
<S>          <C>                           <C>                     <C>
  A            1,014,740.15                   0.00                 743,502,772.71
 X-1             458,547.27                   0.00                 662,315,695.52
 X-2             278,585.76                   0.00                 743,502,772.71
 X-B              10,157.98                   0.00                  22,962,000.00
 B-1              25,571.00                   0.00                  14,612,000.00
 B-2              17,395.83                   0.00                   8,350,000.00
 B-3               9,659.27                   0.00                   4,175,000.00
 B-4               5,804.82                   0.00                   2,509,000.00
 B-5               4,830.79                   0.00                   2,088,000.00
 B-6               8,694.46                   0.00                   3,757,983.00
 A-R                   0.00                   0.00                           0.00
               ------------                   ----
Totals         1,833,987.33                   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                   Non-
                            Current         Beginning                           Unpaid      Current      Supported
Class    Original Face    Certificate     Certificate/      Current Accrued    Interest     Interest      Interest     Realized
 (5)        Amount           Rate       Notional Balance        Interest       Shortfall   Shortfall     Shortfall     Loss (6)
-----    --------------   -----------   ----------------    ---------------   ----------   ----------    ----------   ----------
<S>      <C>              <C>           <C>                 <C>               <C>          <C>           <C>          <C>
  A      799,511,000.00    1.60813%       947.08835421         1.26920100     0.00000000   0.00000000    0.00000001   0.00000000
 X-1               0.00    0.80000%       860.30199346         0.57353466     0.00000000   0.00000000    0.00000000   0.00000000
 X-2               0.00    0.44149%       947.08835421         0.34844519     0.00000000   0.00000000    0.00000000   0.00000000
 X-B               0.00    0.53086%      1000.00000000         0.44238220     0.00000000   0.00000000    0.00000000   0.00000000
 B-1      14,612,000.00    2.10000%      1000.00000000         1.75000000     0.00000000   0.00000000    0.00000000   0.00000000
 B-2       8,350,000.00    2.50000%      1000.00000000         2.08333293     0.00000000   0.00000000    0.00000000   0.00000000
 B-3       4,175,000.00    2.77632%      1000.00000000         2.31359760     0.00000000   0.00000000    0.00000000   0.00000000
 B-4       2,509,000.00    2.77632%      1000.00000000         2.31359904     0.00000000   0.00000000    0.00000000   0.00000000
 B-5       2,088,000.00    2.77632%      1000.00000000         2.31359674     0.00000000   0.00000000    0.00000000   0.00000000
 B-6       3,757,983.00    2.77632%      1000.00000000         2.31359748     0.00000000   0.00000000    0.00000000   0.00000000
 A-R             100.00    2.68401%         0.00000000         0.00000000     0.00000000   0.00000000    0.00000000   0.00000000

<CAPTION>
                             Remaining
                               Unpaid
Class     Total Interest      Interest      Ending Certificate/
 (5)       Distribution       Shortfall     Notational Balance
-----     --------------     ----------     -------------------
<S>       <C>                <C>            <C>
  A         1.26920099       0.00000000        929.94689593
 X-1        0.57353466       0.00000000        828.40097950
 X-2        0.34844519       0.00000000        929.94689593
 X-B        0.44238220       0.00000000       1000.00000000
 B-1        1.75000000       0.00000000       1000.00000000
 B-2        2.08333293       0.00000000       1000.00000000
 B-3        2.31359760       0.00000000       1000.00000000
 B-4        2.31359904       0.00000000       1000.00000000
 B-5        2.31359674       0.00000000       1000.00000000
 B-6        2.31359748       0.00000000       1000.00000000
 A-R        0.00000000       0.00000000          0.00000000
</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.

                       CERTIFICATEHOLDER ACCOUNT STATEMENT

                               CERTIFICATE ACCOUNT

<TABLE>
<S>                                                                  <C>
Beginning Balance                                                               0.00

Deposits
         Payments of Interest and Principal                            15,855,611.34
         Liquidations, Insurance Proceeds, Reserve Funds                        0.00
         Proceeds from Repurchased Loans                                        0.00
         Other Amounts (Servicer Advances)                                 34,821.17
         Realized Losses (Gains, Subsequent Expenses & Recoveries)              0.00
         Prepayment Penalties                                                   0.00
                                                                     ---------------
Total Deposits                                                         15,890,432.51

Withdrawals
         Reimbursement for Servicer Advances                               98,331.58
         Payment of Service Fee                                           253,329.15
         Payment of Interest and Principal                             15,538,771.78
                                                                     ---------------
Total Withdrawals (Pool Distribution Amount)                           15,890,432.51

Ending Balance                                                                  0.00
                                                                     ===============
</TABLE>

<PAGE>

                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

<TABLE>
<S>                                                           <C>
Total Prepayment/Curtailment Interest Shortfall                  0.00
Servicing Fee Support                                            0.00
                                                              -------

Non-Supported Prepayment Curtailment Interest Shortfall          0.01
                                                              =======
</TABLE>

                                 SERVICING FEES

<TABLE>
<S>                                                         <C>
Gross Servicing Fee                                           248,374.76
Master Servicing Fee                                            4,954.39
Supported Prepayment/Curtailment Interest Shortfall                 0.00
                                                            ------------

Net Servicing Fee                                             253,329.15
                                                            ============
</TABLE>

                                 OTHER ACCOUNTS

<TABLE>
<CAPTION>
                         Beginning      Current       Current     Ending
     Account Type         Balance     Withdrawals    Deposits     Balance
---------------------    ---------    -----------    --------    --------
<S>                      <C>          <C>            <C>         <C>
Class X-1 Sub Account     4,500.00       0.00          0.00      4,500.00
Class X-2 Sub Account     4,500.00       0.00          0.00      4,500.00
Class X-B Sub Account     1,000.00       0.00          0.00      1,000.00
</TABLE>

<PAGE>

             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

                                   DELINQUENT

<TABLE>
<CAPTION>
                No. of     Principal
                 Loans      Balance
<S>             <C>      <C>
0-29 Days          0              0.00
30 Days           36     11,550,989.78
60 Days            4      2,457,550.67
90 Days            0              0.00
120 Days           0              0.00
150 Days           0              0.00
180+ Days          0              0.00
                ----     -------------
                  40     14,008,540.45
</TABLE>

<TABLE>
<CAPTION>
                  No. of        Principal
                   Loans         Balance
<S>              <C>            <C>
0-29 Days        0.000000%       0.000000%
30 Days          1.515789%       1.482809%
60 Days          0.168421%       0.315478%
90 Days          0.000000%       0.000000%
120 Days         0.000000%       0.000000%
150 Days         0.000000%       0.000000%
180+ Days        0.000000%       0.000000%
                 --------        --------
                 1.684211%       1.798286%
</TABLE>

                                   BANKRUPTCY

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

<TABLE>
<CAPTION>
              No. of      Principal
               Loans       Balance
<S>          <C>          <C>
0-29 Days    0.000000%     0.000000%
30 Days      0.000000%     0.000000%
60 Days      0.000000%     0.000000%
90 Days      0.000000%     0.000000%
120 Days     0.000000%     0.000000%
150 Days     0.000000%     0.000000%
180+ Days    0.000000%     0.000000%
             --------      --------
             0.000000%     0.000000%
</TABLE>

                                   FORECLOSURE

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

<TABLE>
<CAPTION>
               No. of      Principal
                Loans       Balance
<S>           <C>          <C>
0-29 Days     0.000000%     0.000000%
30 Days       0.000000%     0.000000%
60 Days       0.000000%     0.000000%
90 Days       0.000000%     0.000000%
120 Days      0.000000%     0.000000%
150 Days      0.000000%     0.000000%
180+ Days     0.000000%     0.000000%
              --------      --------
              0.000000%     0.000000%
</TABLE>

                                       REO

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

<TABLE>
<CAPTION>
              No. of     Principal
               Loans      Balance
<S>          <C>         <C>
0-29 Days    0.000000%   0.000000%
30 Days      0.000000%   0.000000%
60 Days      0.000000%   0.000000%
90 Days      0.000000%   0.000000%
120 Days     0.000000%   0.000000%
150 Days     0.000000%   0.000000%
180+ Days    0.000000%   0.000000%
             --------    --------
             0.000000%   0.000000%
</TABLE>

                                      TOTAL

<TABLE>
<CAPTION>
              No. of      Principal
              Loans        Balance
<S>           <C>       <C>
0-29 Days       0                0.00
30 Days        36       11,550,989.78
60 Days         4        2,457,550.67
90 Days         0                0.00
120 Days        0                0.00
150 Days        0                0.00
180+ Days       0                0.00
              ---       -------------
               40       14,008,540.45
</TABLE>

<TABLE>
<CAPTION>
               No. of         Principal
                Loans          Balance
<S>           <C>             <C>
0-29 Days     0.000000%       0.000000%
30 Days       1.515789%       1.482809%
60 Days       0.168421%       0.315478%
90 Days       0.000000%       0.000000%
120 Days      0.000000%       0.000000%
150 Days      0.000000%       0.000000%
180+ Days     0.000000%       0.000000%
              --------        --------
              1.684211%       1.798286%
</TABLE>

<TABLE>
<S>                                         <C>   <C>                                           <C>    <C>               <C>
Current Period Class A Insufficient Funds:  0.00  Principal Balance of Contaminated Properties  0.00   Periodic Advance  34,821.17
</TABLE>

<TABLE>
<CAPTION>
              Original $    Original%       Current $      Current %    Current Class %   Prepayment %
            -------------   ----------    -------------   ----------    ---------------   ------------
<S>         <C>             <C>           <C>             <C>           <C>               <C>
Class A     35,491,983.00   4.25052119%   35,491,983.00   4.55612605%      95.443874%        0.000000%
Class X-1   35,491,983.00   4.25052119%   35,491,983.00   4.55612605%       0.000000%        0.000000%
Class X-2   35,491,983.00   4.25052119%   35,491,983.00   4.55612605%       0.000000%        0.000000%
Class B-1   20,879,983.00   2.50058753%   20,879,983.00   2.68037529%       1.875751%       41.169861%
Class B-2   12,529,983.00   1.50059123%   12,529,983.00   1.60848105%       1.071894%       23.526440%
Class B-3    8,354,983.00   1.00059307%    8,354,983.00   1.07253392%       0.535947%       11.763220%
Class B-4    5,845,983.00   0.70011514%    5,845,983.00   0.75045216%       0.322082%        7.069202%
Class B-5    3,757,983.00   0.45005618%    3,757,983.00   0.48241442%       0.268038%        5.883019%
Class B-6            0.00   0.00000000%            0.00   0.00000000%       0.482414%       10.588259%
</TABLE>

Please refer to the prospectus supplement for a full description of loss
exposure

<PAGE>

                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
Collateral Description                                  Mixed Arm
<S>                                                   <C>
Weighted Average Gross Coupon                               3.159810%
Weighted Average Net Coupon                                 2.783816%
Weighted Average Pass-Through Rate                          2.776316%
Weighted Average Maturity (Stepdown Calculation)                 338

Beginning Scheduled Collateral Loan Count                      2,411
Number of Loans Paid in Full                                      36
Ending Scheduled Collateral Loan Count                         2,375

Beginning Scheduled Collateral Balance                792,699,540.90
Ending Scheduled Collateral Balance                   778,994,756.45
Ending Actual Collateral Balance at 31-Aug-2004       778,993,869.82

Monthly P&I Constant                                    2,087,316.47
Special Servicing Fee                                           0.00
Prepayment Penalties                                            0.00
Realization Loss Amount                                         0.00
Cumulative Realized Loss                                        0.00

Class A Optimal Amount                                 15,466,815.62

Ending Scheduled Balance for Premium Loans            778,994,756.45

Scheduled Principal                                             0.00
Unscheduled Principal                                  13,704,784.45
</TABLE>

<TABLE>
<CAPTION>
MISCELLANEOUS REPORTING
<S>                                                   <C>
One-Month Libor Loan Balance                          104,546,086.14
Six-Month Libor Loan Balance                          674,448,670.31
Prorata Senior Percentage                                  95.522644%
Senior Percentage                                         100.000000%
Senior Prepayment Percentage                              100.000000%
Subordinate Percentage                                      0.000000%
Subordinate Prepayment Percentage                           0.000000%
</TABLE>