<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 2004-1
                          RECORD DATE: AUGUST 31, 2004
                      DISTRIBUTION DATE: SEPTEMBER 20, 2004

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
                     Certificate                          Beginning
                        Class      Certificate Pass-     Certificate       Interest        Principal
Class      CUSIP     Description     Through Rate          Balance       Distribution    Distribution
-----    ---------   -----------   -----------------   --------------    ------------    ------------
<S>      <C>         <C>           <C>                 <C>               <C>             <C>
  A      81744FAA5       SEN           2.19125%        551,099,254.18    1,006,330.20    9,217,202.12
 X-1     81744FAB3       IO            0.67246%                  0.00      259,105.08            0.00
 X-2     81744FAC1       IO            0.10826%                  0.00       49,720.47            0.00
 X-B     81744FAD9       IO            0.51984%                  0.00        6,633.15            0.00
 B-1     81744FAG2       SUB           2.15000%          9,375,000.00       16,796.88            0.00
 B-2     81744FAH0       SUB           2.65000%          5,937,000.00       13,110.88            0.00
 B-3     81744FAJ6       SUB           2.86371%          3,437,000.00        8,202.13            0.00
 B-4     81744FAK3       SUB           2.86371%          1,562,000.00        3,727.59            0.00
 B-5     81744FAL1       SUB           2.86371%            937,000.00        2,236.08            0.00
 B-6     81744FAM9       SUB           2.86371%          2,500,468.00        5,967.17            0.00
 A-R     81744FAF4       RES           2.57363%                  0.00            0.00            0.00
------                                                 --------------    ------------    ------------
Totals                                                 574,847,722.18    1,371,829.63    9,217,202.12
------                                                 --------------    ------------    ------------

<CAPTION>
                        Current       Ending Certificate        Total          Cumulative
Class      CUSIP     Realized Loss         Balance          Distribution     Realized Loss
-----    ---------   -------------    ------------------    -------------    -------------
<S>      <C>         <C>              <C>                   <C>              <C>
  A      81744FAA5        0.00         541,882,052.06       10,223,532.32         0.00
 X-1     81744FAB3        0.00                   0.00          259,105.08         0.00
 X-2     81744FAC1        0.00                   0.00           49,720.47         0.00
 X-B     81744FAD9        0.00                   0.00            6,633.15         0.00
 B-1     81744FAG2        0.00           9,375,000.00           16,796.88         0.00
 B-2     81744FAH0        0.00           5,937,000.00           13,110.88         0.00
 B-3     81744FAJ6        0.00           3,437,000.00            8,202.13         0.00
 B-4     81744FAK3        0.00           1,562,000.00            3,727.59         0.00
 B-5     81744FAL1        0.00             937,000.00            2,236.08         0.00
 B-6     81744FAM9        0.00           2,500,468.00            5,967.17         0.00
 A-R     81744FAF4        0.00                   0.00                0.00         0.00
------                    ----         --------------       -------------         ----
Totals                    0.00         565,630,520.06       10,589,031.75         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     601,250,000.00   551,099,254.18      558.92      9,216,643.20      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      9,375,000.00     9,375,000.00        0.00              0.00      0.00       0.00
 B-2      5,937,000.00     5,937,000.00        0.00              0.00      0.00       0.00
 B-3      3,437,000.00     3,437,000.00        0.00              0.00      0.00       0.00
 B-4      1,562,000.00     1,562,000.00        0.00              0.00      0.00       0.00
 B-5        937,000.00       937,000.00        0.00              0.00      0.00       0.00
 B-6      2,500,468.00     2,500,468.00        0.00              0.00      0.00       0.00
 A-R            100.00             0.00        0.00              0.00      0.00       0.00
------  --------------   --------------      ------      ------------      ----       ----
Totals  624,998,568.00   574,847,722.18      558.92      9,216,643.20      0.00       0.00
------  --------------   --------------      ------      ------------      ----       ----

<CAPTION>
        Total Principal    Ending Certificate    Ending Certificate    Total Principal
Class      Reduction            Balance               Percentage        Distribution
-----   ---------------    ------------------    ------------------    ---------------
<S>     <C>                <C>                   <C>                   <C>
  A       9,217,202.12       541,882,052.06         0.90125913           9,217,202.12
 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         9,375,000.00         1.00000000                   0.00
 B-2              0.00         5,937,000.00         1.00000000                   0.00
 B-3              0.00         3,437,000.00         1.00000000                   0.00
 B-4              0.00         1,562,000.00         1.00000000                   0.00
 B-5              0.00           937,000.00         1.00000000                   0.00
 B-6              0.00         2,500,468.00         1.00000000                   0.00
 A-R              0.00                 0.00         0.00000000                   0.00
------    ------------       --------------         ----------           ------------
Totals    9,217,202.12       565,630,520.06         0.90501091           9,217,202.12
------    ------------       --------------         ----------           ------------
</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    601,250,000.00    916.58919614    0.00092960   15.32913630  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     9,375,000.00   1000.00000000    0.00000000    0.00000000  0.00000000  0.00000000
 B-2     5,937,000.00   1000.00000000    0.00000000    0.00000000  0.00000000  0.00000000
 B-3     3,437,000.00   1000.00000000    0.00000000    0.00000000  0.00000000  0.00000000
 B-4     1,562,000.00   1000.00000000    0.00000000    0.00000000  0.00000000  0.00000000
 B-5       937,000.00   1000.00000000    0.00000000    0.00000000  0.00000000  0.00000000
 B-6     2,500,468.00   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          15.33006590        901.25913025          0.90125913      15.33006590
 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                    Payment of                  Non-
                                              Certificate/       Current       Unpaid     Current     Supported
         Original Face        Current           Notional         Accrued      Interest    Interest    Interest    Realized
 Class       Amount       Certificate Rate       Balance         Interest     Shortfall   Shortfall   Shortfall   Loss (4)
------  ----------------  ----------------   ---------------   ------------  -----------  ---------  -----------  --------
<S>     <C>               <C>                <C>               <C>           <C>          <C>        <C>          <C>
   A      601,250,000.00           2.19125%   551,099,254.18   1,006,330.20         0.00       0.00         0.01      0.00
  X-1               0.00           0.67246%   462,373,068.54     259,105.08         0.00       0.00         0.00      0.00
  X-2               0.00           0.10826%   551,099,254.18      49,720.47         0.00       0.00         0.00      0.00
  X-B               0.00           0.51984%    15,312,000.00       6,633.15         0.00       0.00         0.00      0.00
  B-1       9,375,000.00           2.15000%     9,375,000.00      16,796.88         0.00       0.00         0.00      0.00
  B-2       5,937,000.00           2.65000%     5,937,000.00      13,110.88         0.00       0.00         0.00      0.00
  B-3       3,437,000.00           2.86371%     3,437,000.00       8,202.13         0.00       0.00         0.00      0.00
  B-4       1,562,000.00           2.86371%     1,562,000.00       3,727.59         0.00       0.00         0.00      0.00
  B-5         937,000.00           2.86371%       937,000.00       2,236.08         0.00       0.00         0.00      0.00
  B-6       2,500,468.00           2.86371%     2,500,468.00       5,967.17         0.00       0.00         0.00      0.00
  A-R             100.00           2.57363%             0.00           0.00         0.00       0.00         0.00      0.00
------  ----------------  ----------------   ---------------   ------------  -----------  ---------  -----------  --------
Totals    624,998,568.00                                       1,371,829.63         0.00       0.00         0.00      0.00
------  ----------------  ----------------   ---------------   ------------  -----------  ---------  -----------  --------

<CAPTION>
                          Remaining       Ending
                           Unpaid       Certificate/
        Total Interest    Interest      Notational
 Class   Distribution     Shortfall       Balance
------  --------------  ------------  --------------
<S>     <C>             <C>           <C>
   A     1,006,330.20           0.00  541,882,052.06
  X-1      259,105.08           0.00  445,231,466.30
  X-2       49,720.47           0.00  541,882,052.06
  X-B        6,633.15           0.00   15,312,000.00
  B-1       16,796.88           0.00    9,375,000.00
  B-2       13,110.88           0.00    5,937,000.00
  B-3        8,202.13           0.00    3,437,000.00
  B-4        3,727.59           0.00    1,562,000.00
  B-5        2,236.08           0.00      937,000.00
  B-6        5,967.17           0.00    2,500,468.00
  A-R            0.00           0.00            0.00
------  --------------  ------------  --------------
Totals   1,371,829.63           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
            Original Face  Certificate     Certificate/    Current Accrued    Interest      Interest    Interest    Realized
Class (5)      Amount         Rate       Notional Balance      Interest       Shortfall     Shortfall  Shortfall    Loss (6)
---------  --------------  -----------   ----------------  ----------------  ------------  ----------  ----------  ----------
<S>        <C>             <C>           <C>               <C>               <C>           <C>         <C>         <C>
    A      601,250,000.00      2.19125%      916.58919614        1.67373006    0.00000000  0.00000000  0.00000000  0.00000000
   X-1               0.00      0.67246%      769.01965662        0.43094400    0.00000000  0.00000000  0.00000000  0.00000000
   X-2               0.00      0.10826%      916.58919614        0.08269517    0.00000000  0.00000000  0.00000000  0.00000000
   X-B               0.00      0.51984%     1000.00000000        0.43319945    0.00000000  0.00000000  0.00000000  0.00000000
   B-1       9,375,000.00      2.15000%     1000.00000000        1.79166720    0.00000000  0.00000000  0.00000000  0.00000000
   B-2       5,937,000.00      2.65000%     1000.00000000        2.20833418    0.00000000  0.00000000  0.00000000  0.00000000
   B-3       3,437,000.00      2.86371%     1000.00000000        2.38642130    0.00000000  0.00000000  0.00000000  0.00000000
   B-4       1,562,000.00      2.86371%     1000.00000000        2.38642125    0.00000000  0.00000000  0.00000000  0.00000000
   B-5         937,000.00      2.86371%     1000.00000000        2.38642476    0.00000000  0.00000000  0.00000000  0.00000000
   B-6       2,500,468.00      2.86371%     1000.00000000        2.38642126    0.00000000  0.00000000  0.00000000  0.00000000
   A-R             100.00      2.57363%        0.00000000        0.00000000    0.00000000  0.00000000  0.00000000  0.00000000

<CAPTION>
                              Remaining
                               Unpaid
             Total Interest    Interest   Ending Certificate/
Class (5)     Distribution    Shortfall   Notational Balance
---------    --------------  -----------  -------------------
<S>          <C>             <C>          <C>
    A            1.67373006   0.00000000         901.25913025
   X-1           0.43094400   0.00000000         740.50971526
   X-2           0.08269517   0.00000000         901.25913025
   X-B           0.43319945   0.00000000        1000.00000000
   B-1           1.79166720   0.00000000        1000.00000000
   B-2           2.20833418   0.00000000        1000.00000000
   B-3           2.38642130   0.00000000        1000.00000000
   B-4           2.38642125   0.00000000        1000.00000000
   B-5           2.38642476   0.00000000        1000.00000000
   B-6           2.38642126   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                                  10,820,161.94
         Liquidations, Insurance Proceeds, Reserve Funds                              0.00
         Proceeds from Repurchased Loans                                              0.00
         Other Amounts (Servicer Advances)                                       19,000.80
         Realized Losses (Gains, Subsequent Expenses & Recoveries)                    0.00
         Prepayment Penalties                                                         0.00
                                                                             -------------
Total Deposits                                                               10,839,162.74

Withdrawals
         Reimbursement for Servicer Advances                                     65,096.67
         Payment of Service Fee                                                 185,034.31
         Payment of Interest and Principal                                   10,589,031.76
                                                                             -------------
Total Withdrawals (Pool Distribution Amount)                                 10,839,162.74

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                    0.00
                                                                           ====
</TABLE>

                                 SERVICING FEES

<TABLE>
<S>                                                                  <C>
Gross Servicing Fee                                                  180,243.90
Master Servicing Fee                                                   4,790.41
Supported Prepayment/Curtailment Interest Shortfall                        0.00
                                                                     ----------
Net Servicing Fee                                                    185,034.31
                                                                     ==========
</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      16    6,580,789.75
60 Days       3      862,008.67
90 Days       0            0.00
120 Days      0            0.00
150 Days      0            0.00
180+ Days     0            0.00
           ----    ------------
             19    7,442,798.42
</TABLE>

<TABLE>
<CAPTION>
                No. of      Principal
                 Loans       Balance
<S>            <C>          <C>
0-29 Days      0.000000%    0.000000%
30 Days        0.971463%    1.163443%
60 Days        0.182149%    0.152398%
90 Days        0.000000%    0.000000%
120 Days       0.000000%    0.000000%
150 Days       0.000000%    0.000000%
180+ Days      0.000000%    0.000000%
               --------     --------
               1.153613%    1.315841%
</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      16    6,580,789.75
60 Days       3      862,008.67
90 Days       0            0.00
120 Days      0            0.00
150 Days      0            0.00
180+ Days     0            0.00
           ----    ------------
             19    7,442,798.42
</TABLE>

<TABLE>
<CAPTION>
              No. of      Principal
              Loans        Balance
<S>         <C>           <C>
0-29 Days   0.971463%     1.163443%
30 Days     0.182149%     0.152398%
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%
            --------      --------
            1.153613%     1.315841%
</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  19,000.80
</TABLE>

<TABLE>
<CAPTION>
               Original $       Original%      Current $      Current%   Current Class%     Prepayment%
             -------------     ----------    -------------   ----------  --------------     -----------
<S>          <C>               <C>           <C>             <C>         <C>                <C>
Class A      23,748,468.00     3.79976359%   23,748,468.00   4.19858320%      95.801417%       0.000000%
Class X-1    23,748,468.00     3.79976359%   23,748,468.00   4.19858320%       0.000000%       0.000000%
Class X-2    23,748,468.00     3.79976359%   23,748,468.00   4.19858320%       0.000000%       0.000000%
Class B-1    14,373,468.00     2.29976015%   14,373,468.00   2.54114081%       1.657442%      39.476231%
Class B-2     8,436,468.00     1.34983797%    8,436,468.00   1.49151570%       1.049625%      24.999507%
Class B-3     4,999,468.00     0.79991671%    4,999,468.00   0.88387522%       0.607640%      14.472513%
Class B-4     3,437,468.00     0.54999614%    3,437,468.00   0.60772322%       0.276152%       6.577266%
Class B-5     2,500,468.00     0.40007580%    2,500,468.00   0.44206738%       0.165656%       3.945518%
Class B-6             0.00     0.00000000%            0.00   0.00000000%       0.442067%      10.528965%
</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                                                                             3.249968%
Weighted Average Net Coupon                                                                               2.873707%
Weighted Average Pass-Through Rate                                                                        2.863707%
Weighted Average Maturity (Stepdown Calculation)                                                               327

Beginning Scheduled Collateral Loan Count                                                                    1,674
Number of Loans Paid in Full                                                                                    27
Ending Scheduled Collateral Loan Count                                                                       1,647

Beginning Scheduled Collateral Balance                                                              574,847,722.61
Ending Scheduled Collateral Balance                                                                 565,630,520.49
Ending Actual Collateral Balance at 31-Aug-2004                                                     565,630,671.43

Monthly P&I Constant                                                                                  1,557,422.85
Special Servicing Fee                                                                                         0.00
Prepayment Penalties                                                                                          0.00
Realization Loss Amount                                                                                       0.00
Cumulative Realized Loss                                                                                      0.00

Class A Optimal Amount                                                                               10,538,991.03

Ending Scheduled Balance for Premium Loans                                                          565,630,520.49

Scheduled Principal                                                                                         558.92
Unscheduled Principal                                                                                 9,216,543.20
</TABLE>

                             MISCELLANEOUS REPORTING

<TABLE>
<S>                                                              <C>
One-Month Libor Loan Balance                                      90,337,263.79
Six-Month Libor Loan Balance                                     475,017,274.66
Prorata Senior Percentage                                             95.868737%
Senior Percentage                                                    100.000000%
Senior Prepayment Percentage                                         100.000000%
Subordinate Percentage                                                 0.000000%
Subordinate Prepayment Percentage                                      0.000000%
</TABLE>