Document:

<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 2003-4
                         RECORD DATE: NOVEMBER 28, 2003
                      DISTRIBUTION DATE: DECEMBER 22, 2003

                     CERTIFICATEHOLDER DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>

                  Certificate Certificate     Beginning                              Current      Ending                  Cumulative
                     Class    Pass-Through   Certificate    Interest     Principal  Realized   Certificate       Total     Realized
 Class    CUSIP   Description     Rate         Balance    Distribution Distribution   Loss       Balance    Distribution     Loss
------  --------- ----------- ------------ -------------- ------------ ------------ -------- -------------- ------------  ----------

<S>     <C>           <C>       <C>        <C>              <C>        <C>            <C>    <C>            <C>              <C>
 1-A-1  81743PBH8     SEN       1.43000%   145,152,616.80   172,973.53 1,375,922.60   0.00   143,776,994.20 1,548,896.13     0.00
 1-A-2  81743PBJ4     SEN       1.45375%   148,090,672.75   179,405.68   615,154.85   0.00   147,475,517.90   794,560.53     0.00
1-X-1A  81743PBM7      IO       0.88493%             0.00    50,790.06         0.00   0.00             0.00    50,790.06     0.00
1-X-1B  81743PBN5      IO       1.04002%             0.00    66,110.24         0.00   0.00             0.00    66,110.24     0.00
 1-X-2  81743PBP0      IO       1.01429%             0.00   125,171.95         0.00   0.00             0.00   125,171.95     0.00
 1-X-B  81743PBQ8      IO       0.66259%             0.00     2,133.53         0.00   0.00             0.00     2,133.53     0.00
 1-A-R  81743PBL9      R        2.39032%             0.00         0.00         0.00   0.00             0.00         0.00     0.00
 1-B-1  81743PBK1     SUB       1.77000%     3,864,000.00     5,699.40         0.00   0.00     3,864,000.00     5,699.40     0.00
 1-B-2  81743PBR6     SUB       2.43240%     2,628,000.00     5,326.95         0.00   0.00     2,628,000.00     5,326.95     0.00
 1-B-3  81743PBS4     SUB       2.43240%     1,546,000.00     3,133.74         0.00   0.00     1,546,000.00     3,133.74     0.00
 1-B-4  81743PBT2     SUB       2.43240%       773,000.00     1,566.87         0.00   0.00       773,000.00     1,566.87     0.00
 1-B-5  81743PBU9     SUB       2.43240%       464,000.00       940.53         0.00   0.00       464,000.00       940.53     0.00
 1-B-6  81743PBV7     SUB       2.43240%     1,236,668.87     2,506.72         0.00   0.00     1,236,668.87     2,506.72     0.00
 2-A-1  81743PBW5     SEN       1.47000%   182,656,968.91   223,754.79    50,961.29   0.00   182,606,007.62   274,716.08     0.00
 2-M-1  81743PBX3     MEZ       1.59000%     9,986,000.00    13,231.45         0.00   0.00     9,986,000.00    13,231.45     0.00
 2-X-1  81743PCA2      IO       0.91954%             0.00   139,967.36         0.00   0.00             0.00   139,967.36     0.00
 2-X-M  81743PCB0      IO       0.79954%             0.00     6,653.53         0.00   0.00             0.00     6,653.53     0.00
 2-X-B  81743PCC8      IO       0.61954%             0.00     1,222.05         0.00   0.00             0.00     1,222.05     0.00
 2-A-R  81743PBZ8      R        2.34132%             0.00         0.00         0.00   0.00             0.00         0.00     0.00
 2-B-1  81743PBY1     SUB       1.77000%     2,367,000.00     3,491.33         0.00   0.00     2,367,000.00     3,491.33     0.00
 2-B-2  81743PCD6     SUB       2.38954%       824,000.00     1,640.82         0.00   0.00       824,000.00     1,640.82     0.00
 2-B-3  81743PCE4     SUB       2.38954%     1,235,000.00     2,459.24         0.00   0.00     1,235,000.00     2,459.24     0.00
 2-B-4  81743PCF1     SUB       2.38954%       618,000.00     1,230.61         0.00   0.00       618,000.00     1,230.61     0.00
 2-B-5  81743PCG9     SUB       2.38954%       515,000.00     1,025.51         0.00   0.00       515,000.00     1,025.51     0.00
 2-B-6  81743PCH7     SUB       2.38954%                      1,845.10         0.00   0.00       926,589.00     1,845.10     0.00
------  --------- ----------  ----------   -------------- ------------ ------------   ----   -------------- ------------     ----
Totals                                                    1,012,280.99 2,042,038.74   0.00   500,841,477.59 3,054,319.73     0.00
------  --------- ----------  ----------   -------------- ------------ ------------   ----   -------------- ------------     ----
</TABLE>

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

<PAGE>

                        PRINCIPAL DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>
                            Beginning      Scheduled   Unscheduled
         Original Face    Certificate      Principal    Principal
 Class       Amount         Balance      Distribution  Distribution  Accretion
------   --------------  --------------  ------------  ------------  ---------

<S>      <C>             <C>                   <C>     <C>              <C>
 1-A-1   148,641,000.00  145,152,616.80        0.00    1,375,922.60     0.00
 1-A-2   150,000,000.00  148,090,672.75        0.00      615,514.85     0.00
1-X-1A             0.00            0.00        0.00            0.00     0.00
1-X-1B             0.00            0.00        0.00            0.00     0.00
 1-X-2             0.00            0.00        0.00            0.00     0.00
 1-X-B             0.00            0.00        0.00            0.00     0.00
 1-A-R           100.00            0.00        0.00            0.00     0.00
 1-B-1     3,864,000.00    3,864,000.00        0.00            0.00     0.00
 1-B-2     2,628,000.00    2,628,000.00        0.00            0.00     0.00
 1-B-3     1,546,000.00    1,546,000.00        0.00            0.00     0.00
 1-B-4       773,000.00      773,000.00        0.00            0.00     0.00
 1-B-5       464,000.00      464,000.00        0.00            0.00     0.00
 1-B-6     1,236,668.87    1,236,668.87        0.00            0.00     0.00
 2-A-1   189,415,000.00  182,656,968.91    9,443.05       41,518.24     0.00
 2-M-1     9,986,000.00    9,986,000.00        0.00            0.00     0.00
 2-X-1             0.00            0.00        0.00            0.00     0.00
 2-X-M             0.00            0.00        0.00            0.00     0.00
 2-X-B             0.00            0.00        0.00            0.00     0.00
 2-A-R           100.00            0.00        0.00            0.00     0.00
 2-B-1     2,367,000.00    2,367,000.00        0.00            0.00     0.00
 2-B-2       824,000.00      824,000.00        0.00            0.00     0.00
 2-B-3     1,235,000.00    1,235,000.00        0.00            0.00     0.00
 2-B-4       618,000.00      618,000.00        0.00            0.00     0.00
 2-B-5       515,000.00      515,000.00        0.00            0.00     0.00
 2-B-6       926,589.00      926,589.00        0.00            0.00     0.00
------   --------------  --------------    --------    ------------     ----
Totals   515,039,457.87  502,883,516.33    9,443.05    2,032,595.69     0.00
------   --------------  --------------    --------    ------------     ----
</TABLE>

<TABLE>
<CAPTION>
             Total         Ending       Ending       Total
Realized   Principal    Certificate  Certificate   Principal
Loss (1)   Reduction      Balance     Percentage Distribution
-------- ------------ -------------- ----------- ------------

  <S>    <C>          <C>             <C>        <C>
  0.00   1,375,922.60 143,776,694.20  0.96727480 1,375,922.60
  0.00     615,154.85 147,475,517.90  0.98317012   615,154.85
  0.00           0.00           0.00  0.00000000         0.00
  0.00           0.00           0.00  0.00000000         0.00
  0.00           0.00           0.00  0.00000000         0.00
  0.00           0.00           0.00  0.00000000         0.00
  0.00           0.00           0.00  0.00000000         0.00
  0.00           0.00   3,864,000.00  1.00000000         0.00
  0.00           0.00   2,628,000.00  1.00000000         0.00
  0.00           0.00   1,546,000.00  1.00000000         0.00
  0.00           0.00     773,000.00  1.00000000         0.00
  0.00           0.00     464,000.00  1.00000000         0.00
  0.00           0.00   1,236,668.87  1.00000000         0.00
  0.00      50,961.29 182,606,007.62  0.96405252    50,961.29
  0.00           0.00   9,986,000.00  1.00000000         0.00
  0.00           0.00           0.00  0.00000000         0.00
  0.00           0.00           0.00  0.00000000         0.00
  0.00           0.00           0.00  0.00000000         0.00
  0.00           0.00           0.00  0.00000000         0.00
  0.00           0.00   2,367,000.00  1.00000000         0.00
  0.00           0.00     824,000.00  1.00000000         0.00
  0.00           0.00   1,235,000.00  1.00000000         0.00
  0.00           0.00     618,000.00  1.00000000         0.00
  0.00           0.00     515,000.00  1.00000000         0.00
  0.00           0.00     926,589.00  1.00000000         0.00
  ----   ------------ --------------  ---------- ------------
  0.00   2,042,038.74 500,841,477.59  0.97243322 2,042,038.74
  ----   ------------ --------------  ---------- ------------
</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
 Class      Amount         Balance      Distribution  Distribution   Accretion
------  --------------  --------------  ------------  ------------  -----------

<S>     <C>              <C>             <C>           <C>           <C>
 1-A-1  148,641,000.00    976.53148727   0.00000000    9.25668288    0.00000000
 1-A-2  150,000,000.00    987.27115167   0.00000000    4.10103233    0.00000000
1-X-1A            0.00      0.00000000   0.00000000    0.00000000    0.00000000
1-X-1B            0.00      0.00000000   0.00000000    0.00000000    0.00000000
 1-X-2            0.00      0.00000000   0.00000000    0.00000000    0.00000000
 1-X-B            0.00      0.00000000   0.00000000    0.00000000    0.00000000
 1-A-R          100.00      0.00000000   0.00000000    0.00000000    0.00000000
 1-B-1    3,864,000.00   1000.00000000   0.00000000    0.00000000    0.00000000
 1-B-2    2,628,000.00   1000.00000000   0.00000000    0.00000000    0.00000000
 1-B-3    1,546,000.00   1000.00000000   0.00000000    0.00000000    0.00000000
 1-B-4      773,000.00   1000.00000000   0.00000000    0.00000000    0.00000000
 1-B-5      464,000.00   1000.00000000   0.00000000    0.00000000    0.00000000
 1-B-6    1,236,668.87   1000.00000000   0.00000000    0.00000000    0.00000000
 2-A-1  189,415,000.00    964.32156329   0.04985376    0.21919193    0.00000000
 2-M-1    9,986,000.00   1000.00000000   0.00000000    0.00000000    0.00000000
 2-X-1            0.00      0.00000000   0.00000000    0.00000000    0.00000000
 2-X-M            0.00      0.00000000   0.00000000    0.00000000    0.00000000
 2-X-B            0.00      0.00000000   0.00000000    0.00000000    0.00000000
 2-A-R          100.00      0.00000000    0.0000000    0.00000000    0.00000000
 2-B-1    2,367,000.00   1000.00000000   0.00000000    0.00000000    0.00000000
 2-B-2      824,000.00   1000.00000000   0.00000000    0.00000000    0.00000000
 2-B-3    1,235,000.00   1000.00000000   0.00000000    0.00000000    0.00000000
 2-B-4      618,000.00   1000.00000000   0.00000000    0.00000000    0.00000000
 2-B-5      515,000.00   1000.00000000   0.00000000    0.00000000    0.00000000
 2-B-6      926,589.00   1000.00000000   0.00000000    0.00000000    0.00000000

</TABLE>

<TABLE>
<CAPTION>
               Total        Ending        Ending        Total
 Realized    Principal   Certificate   Certificate    Principal
 Loss (3)    Reduction     Balance      Percentage  Distribution
----------  ----------  -------------  -----------  ------------

<S>         <C>          <C>           <C>           <C>
0.00000000  9.25668288   967.27480439  0.96727480    9.25668288
0.00000000  4.10103233   983.17011933  0.98317012    4.10103233
0.00000000  0.00000000     0.00000000  0.00000000    0.00000000
0.00000000  0.00000000     0.00000000  0.00000000    0.00000000
0.00000000  0.00000000     0.00000000  0.00000000    0.00000000
0.00000000  0.00000000     0.00000000  0.00000000    0.00000000
0.00000000  0.00000000     0.00000000  0.00000000    0.00000000
0.00000000  0.00000000  1000.00000000  1.00000000    0.00000000
0.00000000  0.00000000  1000.00000000  1.00000000    0.00000000
0.00000000  0.00000000  1000.00000000  1.00000000    0.00000000
0.00000000  0.00000000  1000.00000000  1.00000000    0.00000000
0.00000000  0.00000000  1000.00000000  1.00000000    0.00000000
0.00000000  0.00000000  1000.00000000  1.00000000    0.00000000
0.00000000  0.26904569   964.05251759  0.96405252    0.26904569
0.00000000  0.00000000  1000.00000000  1.00000000    0.00000000
0.00000000  0.00000000     0.00000000  0.00000000    0.00000000
0.00000000  0.00000000     0.00000000  0.00000000    0.00000000
0.00000000  0.00000000     0.00000000  0.00000000    0.00000000
0.00000000  0.00000000     0.00000000  0.00000000    0.00000000
0.00000000  0.00000000  1000.00000000  1.00000000    0.00000000
0.00000000  0.00000000  1000.00000000  1.00000000    0.00000000
0.00000000  0.00000000  1000.00000000  1.00000000    0.00000000
0.00000000  0.00000000  1000.00000000  1.00000000    0.00000000
0.00000000  0.00000000  1000.00000000  1.00000000    0.00000000
0.00000000  0.00000000  1000.00000000  1.00000000    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.

<PAGE>

                         INTEREST DISTRIBUTION STATEMENT

<TABLE>
<CAPTION>

                                          Beginning                  Payment of
                            Current     Certificate/      Current      Unpaid
          Original Face   Certificate     Notional        Accrued     Interest
 Class        Amount         Rate          Balance       Interest    Shortfall
------   ---------------  -----------  --------------  ------------  ----------

<S>       <C>               <C>        <C>               <C>            <C>
 1-A-1    148,641,000.00    1.43000%   145,152,616.80    172,973.54     0.00
 1-A-2    150,000,000.00    1.45375%   148,090,672.75    179,405.68     0.00
1-X-1A              0.00    0.88493%    68,873,164.50     50,790.06     0.00
1-X-1B              0.00    1.04002%    76,279,452.30     66,110.24     0.00
 1-X-2              0.00    1.01429%   148,090,672.75    125,171.95     0.00
 1-X-B              0.00    0.66259%     3,864,000.00      2,133.53     0.00
 1-A-R            100.00    2.39032%             0.00          0.00     0.00
 1-B-1      3,864,000.00    1.77000%     3,864,000.00      5,699.40     0.00
 1-B-2      2,628,000.00    2.43240%     2,628,000.00      5,326.95     0.00
 1-B-3      1,546,000.00    2.43240%     1,546,000.00      3,133.74     0.00
 1-B-4        773,000.00    2.43240%       773,000.00      1,566.87     0.00
 1-B-5        464,000.00    2.43240%       464,000.00        940.53     0.00
 1-B-6      1,236,668.87    2.43240%     1,236,668.87      2,506.72     0.00
 2-A-1    189,415,000.00    1.47000%   182,656,968.91    223,754.79     0.00
 2-M-1      9,986,000.00    1.59000%     9,986,000.00     13,231.45     0.00
 2-X-1              0.00    0.91954%   182,656,968.91    139,967.36     0.00
 2-X-M              0.00    0.79954%     9,986,000.00      6,653.53     0.00
 2-X-B              0.00    0.61954%     2,367,000.00      1,222.05     0.00
 2-A-R            100.00    2.34132%             0.00          0.00     0.00
 2-B-1      2,367,000.00    1.77000%     2,367,000.00      3,491.33     0.00
 2-B-2        824,000.00    2.38954%       824,000.00      1,640.82     0.00
 2-B-3      1,235,000.00    2.38954%     1,235,000.00      2,459.24     0.00
 2-B-4        618,000.00    2.38954%       618,000.00      1,230.61     0.00
 2-B-5        515,000.00    2.38954%       515,000.00      1,025.51     0.00
 2-B-6        926,589.00    2.38954%       926,589.00      1,845.10     0.00
------    --------------  ----------   --------------  ------------     ----
Totals    515,039,457.87                               1,012,281.00     0.00
------    --------------  ----------   --------------  ------------     ----
</TABLE>

<TABLE>
<CAPTION>

              Non-                              Remaining      Ending
 Current   Supported                              Unpaid    Certificate/
 Interest   Interest  Realized  Total Interest   Interest    Notational
Shortfall  Shortfall  Loss (4)   Distribution   Shortfall      Balance
---------  ---------  --------  --------------  ---------  --------------

   <S>        <C>       <C>       <C>              <C>     <C>
   0.00       0.00      0.00      172,973.53       0.00    143,776,694.20
   0.00       0.00      0.00      179,405.68       0.00    147,475,517.90
   0.00       0.00      0.00       50,790.06       0.00     68,604,808.91
   0.00       0.00      0.00       66,110.24       0.00     75,171,885.29
   0.00       0.00      0.00      125,171.95       0.00    147,475,517.90
   0.00       0.00      0.00        2,133.53       0.00      3,864,000.00
   0.00       0.00      0.00            0.00       0.00              0.00
   0.00       0.00      0.00        5,699.40       0.00      3,864,000.00
   0.00       0.00      0.00        5,326.95       0.00      2,628,000.00
   0.00       0.00      0.00        3,133.74       0.00      1,546,000.00
   0.00       0.00      0.00        1,566.87       0.00        773,000.00
   0.00       0.00      0.00          940.53       0.00        464,000.00
   0.00       0.00      0.00        2,506.72       0.00      1,236,668.87
   0.00       0.00      0.00      223,754.79       0.00    182,606,007.62
   0.00       0.00      0.00       13,231.45       0.00      9,986,000.00
   0.00       0.00      0.00      139,967.36       0.00    182,606,007.62
   0.00       0.00      0.00        6,653.53       0.00      9,986,000.00
   0.00       0.00      0.00        1,222.05       0.00      2,367,000.00
   0.00       0.00      0.00            0.00       0.00              0.00
   0.00       0.00      0.00        3,491.33       0.00      2,367,000.00
   0.00       0.00      0.00        1,640.82       0.00        824,000.00
   0.00       0.00      0.00        2,459.24       0.00      1,235,000.00
   0.00       0.00      0.00        1,230.61       0.00        618,000.00
   0.00       0.00      0.00        1,025.51       0.00        515,000.00
   0.00       0.00      0.00        1,845.10       0.00        926,589.00
   ----       ----      ----    ------------       ----    --------------
   0.00       0.00      0.00    1,012,280.99       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
                             Current        Beginning       Current     Unpaid
            Original Face  Certificate    Certificate/      Accrued    Interest
Class (5)       Amount         Rate     Notional Balance   Interest    Shortfall
---------  --------------  -----------  ----------------  ----------  ----------

<S>        <C>               <C>           <C>            <C>         <C>
  1-A-1    148,641,000.00    1.43000%      976.53148727   1.16370006  0.00000000
  1-A-2    150,000,000.00    1.45375%      987.27115167   1.19603787  0.00000000
 1-X-1A              0.00    0.88493%      978.85097556   0.72184718  0.00000000
 1-X-1B              0.00    1.04002%      974.44664338   0.84453807  0.00000000
  1-X-2              0.00    1.01429%      987.27115167   0.83447967  0.00000000
  1-X-B              0.00    0.66259%     1000.00000000   0.55215580  0.00000000
  1-A-R            100.00    2.39032%        0.00000000   0.00000000  0.00000000
  1-B-1      3,864,000.00    1.77000%     1000.00000000   1.47500000  0.00000000
  1-B-2      2,628,000.00    2.43240%     1000.00000000   2.02699772  0.00000000
  1-B-3      1,546,000.00    2.43240%     1000.00000000   2.02699871  0.00000000
  1-B-4        773,000.00    2.43240%     1000.00000000   2.02699871  0.00000000
  1-B-5        464,000.00    2.43240%     1000.00000000   2.02700431  0.00000000
  1-B-6      1,236,668.87    2.43240%     1000.00000000   2.02699369  0.00000000
  2-A-1    189,415,000.00    1.47000%      964.32156329   1.18129393  0.00000000
  2-M-1      9,986,000.00    1.59000%     1000.00000000   1.32500000  0.00000000
  2-X-1              0.00    0.91954%      964.32156329   0.73894549  0.00000000
  2-X-M              0.00    0.79954%      000.00000000   0.66628580  0.00000000
  2-X-B              0.00    0.61954%     1000.00000000   0.51628644  0.00000000
  2-A-R            100.00    2.34132%        0.00000000   0.00000000  0.00000000
  2-B-1      2,367,000.00    1.77000%     1000.00000000   1.47500211  0.00000000
  2-B-2        824,000.00    2.38954%     1000.00000000   1.99128641  0.00000000
  2-B-3      1,235,000.00    2.38954%     1000.00000000   1.99128745  0.00000000
  2-B-4        618,000.00    2.38954%     1000.00000000   1.99127832  0.00000000
  2-B-5        515,000.00    2.38954%     1000.00000000   1.99128155  0.00000000
  2-B-6        926,589.00    2.38954%     1000.00000000   1.99128200  0.00000000

</TABLE>

<TABLE>
<CAPTION>

               Non-                                 Remaining
  Current    Supported                                Unpaid
 Interest    Interest    Realized   Total Interest   Interest   Ending Certificate/
 Shortfall   Shortfall   Loss (6)    Distribution   Shortfall   Notational Balance
----------  ----------  ----------  --------------  ----------  -------------------

<S>         <C>         <C>           <C>           <C>             <C>
0.00000000  0.00000000  0.00000000    1.16369999    0.00000000      967.27480439
0.00000000  0.00000000  0.00000000    1.19603787    0.00000000      983.17011933
0.00000000  0.00000000  0.00000000    0.72184718    0.00000000      975.03700631
0.00000000  0.00000000  0.00000000    0.84453807    0.00000000      960.29781401
0.00000000  0.00000000  0.00000000    0.83447967    0.00000000      983.17011933
0.00000000  0.00000000  0.00000000    0.55215580    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    0.00000000    0.00000000        0.00000000
0.00000000  0.00000000  0.00000000    1.47500000    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    2.02699772    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    2.02699871    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    2.02699871    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    2.02700431    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    2.02699369    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    1.18129393    0.00000000      964.05251759
0.00000000  0.00000000  0.00000000    1.32500000    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    0.73894549    0.00000000      964.05251759
0.00000000  0.00000000  0.00000000    0.66628580    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    0.51628644    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    0.00000000    0.00000000        0.00000000
0.00000000  0.00000000  0.00000000    1.47500211    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    1.99128641    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    1.99128745    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    1.99127832    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    1.99128155    0.00000000     1000.00000000
0.00000000  0.00000000  0.00000000    1.99128200    0.00000000     1000.00000000

</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.

<PAGE>

                       CERTIFICATEHOLDER ACCOUNT STATEMENT

                               CERTIFICATE ACCOUNT

<TABLE>
<CAPTION>

<S>                                                                         <C>
Beginning Balance                                                                   0.00

Deposits
         Payments of Interest and Principal                                 3,198,274.07
         Liquidations, Insurance Proceeds, Reserve Funds                            0.00
         Proceeds from Repurchased Loans                                            0.00
         Other Amounts (Servicer Advances)                                      1,798.88
         Realized Losses (Gains, Subsequent Expenses & Recoveries)                  0.00
         Prepayment Penalties                                                       0.00
                                                                            ------------
Total Deposits                                                              3,200,072.95

Withdrawals
         Reimbursement for Servicer Advances                                        0.00
         Payment of Service Fee                                               145,753.22
         Payment of Interest and Principal                                  3,054,319.73
                                                                            ------------
Total Withdrawals (Pool Distribution Amount)                                3,200,072.95

Ending Balance                                                                      0.00
                                                                            ============

</TABLE>

                    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

<TABLE>
<CAPTION>
<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>
<CAPTION>
<S>                                                                   <C>
Gross Servicing Fee                                                   144,705.55
Master Servicing Fee                                                    1,047.67
Supported Prepayment/Curtailment Interest Shortfall                         0.00
                                                                      ----------
Net Servicing Fee                                                     145,753.22
                                                                      ==========
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
                                 Beginning      Current       Current    Ending
   Account Type                   Balance     Withdrawals    Deposits    Balance
   ------------                  ---------    -----------    --------   --------

<S>                               <C>             <C>          <C>      <C>
1-X-1A Reserve Fund               4,000.00        0.00         0.00     4,000.00
1-X-2 Reserve Fund                4,000.00        0.00         0.00     4,000.00
1-X-1B Reserve Fund               2,000.00        0.00         0.00     2,000.00
2-X-1 Reserve Fund                5,000.00        0.00         0.00     5,000.00
2-X-B Reserve Fund                2,500.00        0.00         0.00     2,500.00
2-X-M Reserve Fund                2,500.00        0.00         0.00     2,500.00
</TABLE>

             LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT

<TABLE>
<CAPTION>
           DELINQUENT                          BANKRUPTCY                       FORECLOSURE
---------------------------------  ---------------------------------  ---------------------------------
              No. of    Principal                 No. of   Principal                No. of    Principal
              Loans      Balance                  Loans     Balance                 Loans      Balance
            ---------  ----------              ---------   ---------              ---------   ---------
<S>              <C>         <C>   <C>               <C>      <C>     <C>              <C>       <C>
0-29 Days        0           0.00  0-29 Days         0        0.00    0-29 Days        0         0.00
30 Days          1     959,400.00  30 Days           0        0.00    30 Days          0         0.00
60 Days          0           0.00  60 Days           0        0.00    60 Days          0         0.00
90 Days          0           0.00  90 Days           0        0.00    90 Days          0         0.00
120 Days         0           0.00  120 Days          0        0.00    120 Days         0         0.00
150 Days         0           0.00  150 Days          0        0.00    150 Days         0         0.00
180+ Days        0           0.00  180+ Days         0        0.00    180+ Days        0         0.00
            ---------   ---------              ---------   ---------              ---------   ---------
                 1     959,400.00                    0        0.00                     0         0.00

              No. of    Principal                No. of    Principal                No. of    Principal
              Loans      Balance                 Loans      Balance                 Loans      Balance
            ---------  ----------              ---------   ---------              ---------   ---------

0-29 Days   0.000000%   0.000000%  0-29 Days   0.000000%   0.000000%  0-29 Days   0.000000%   0.000000%
30 Days     0.097276%   0.191558%  30 Days     0.000000%   0.000000%  30 Days     0.000000%   0.000000%
60 Days     0.000000%   0.000000%  60 Days     0.000000%   0.000000%  60 Days     0.000000%   0.000000%
90 Days     0.000000%   0.000000%  90 Days     0.000000%   0.000000%  90 Days     0.000000%   0.000000%
120 Days    0.000000%   0.000000%  120 Days    0.000000%   0.000000%  120 Days    0.000000%   0.000000%
150 Days    0.000000%   0.000000%  150 Days    0.000000%   0.000000%  150 Days    0.000000%   0.000000%
180+ Days   0.000000%   0.000000%  180+ Days   0.000000%   0.000000%  180+ Days   0.000000%   0.000000%
            ---------   ---------              ---------   ---------              ---------   ---------
            0.097276%   0.191558%              0.000000%   0.000000%              0.000000%   0.000000%

</TABLE>

<TABLE>
<CAPTION>
               REO                                 TOTAL
----------------------------------   ----------------------------------
               No. of    Principal                 No. of      Principal
               Loans      Balance                  Loans        Balance
              ---------  ----------               ---------   --========
<S>               <C>       <C>      <C>              <C>           <C>
0-29 Days         0         0.00     0-29 Days        0             0.00
30 Days           0         0.00     30 Days          1       959,400.00
60 Days           0         0.00     60 Days          0             0.00
90 Days           0         0.00     90 Days          0             0.00
120 Days          0         0.00     120 Days         0             0.00
150 Days          0         0.00     150 Days         0             0.00
180+ Days         0         0.00     180+ Days        0             0.00
              ---------   ---------               ---------   ----------
                  0         0.00                      1       959,400.00

               No. of    Principal                  No. of    Principal
               Loans      Balance                   Loans      Balance
              ---------  ----------               ---------   --========

 0-29 Days    0.000000%   0.000000%   0-29 Days   0.000000%    0.000000%
 30 Days      0.000000%   0.000000%   30 Days     0.097276%    0.191558%
 60 Days      0.000000%   0.000000%   60 Days     0.000000%    0.000000%
 90 Days      0.000000%   0.000000%   90 Days     0.000000%    0.000000%
 120 Days     0.000000%   0.000000%   120 Days    0.000000%    0.000000%
 150 Days     0.000000%   0.000000%   150 Days    0.000000%    0.000000%
 180+ Days    0.000000%   0.000000%   180+ Days   0.000000%    0.000000%
              ---------   ---------               ---------   ----------
              0.000000%   0.000000%               0.097276%    0.191558%

</TABLE>

Current Period Class A Insufficient Funds:  0.00

Principal Balance of Contaminated Properties 0.00

Periodic Advance   1,798.88

<PAGE>

                                GROUP 1A - 1 MO.

<TABLE>
<CAPTION>
              DELINQUENT                             BANKRUPTCY                         FORECLOSURE
-------------------------------------  -----------------------------------  ---------------------------------
                 No. of     Principal                  No. of    Principal                No. of    Principal
                 Loans       Balance                   Loans      Balance                 Loans      Balance
               ---------    ---------                ---------   ---------              ---------   ---------
<S>                <C>     <C>         <C>             <C>          <C>     <C>             <C>          <C>
0-29 Days          0             0.00  0-29 Days       0            0.00    0-29 Days       0            0.00
30 Days            1       959,400.00  30 Days         0            0.00    30 Days         0            0.00
60 Days            0             0.00  60 Days         0            0.00    60 Days         0            0.00
90 Days            0             0.00  90 Days         0            0.00    90 Days         0            0.00
120 Days           0             0.00  120 Days        0            0.00    120 Days        0            0.00
150 Days           0             0.00  150 Days        0            0.00    150 Days        0            0.00
180+ Days          0             0.00  180+ Days       0            0.00    180+ Days       0            0.00
               ---------   ---------               ---------   ---------                ---------   ---------
                   1       959,400.00                  0            0.00                    0            0.00

                 No. of     Principal                 No. of    Principal                 No. of    Principal
                 Loans       Balance                  Loans      Balance                  Loans      Balance
               ---------    ---------               ---------   ---------               ---------   ---------

0-29 Days      0.000000%    0.000000%  0-29 Days   0.000000%   0.000000%    0-29 Days   0.000000%   0.000000%
30 Days        0.625000%    1.349342%  30 Days     0.000000%   0.000000%    30 Days     0.000000%   0.000000%
60 Days        0.000000%    0.000000%  60 Days     0.000000%   0.000000%    60 Days     0.000000%   0.000000%
90 Days        0.000000%    0.000000%  90 Days     0.000000%   0.000000%    90 Days     0.000000%   0.000000%
120 Days       0.000000%    0.000000%  120 Days    0.000000%   0.000000%    120 Days    0.000000%   0.000000%
150 Days       0.000000%    0.000000%  150 Days    0.000000%   0.000000%    150 Days    0.000000%   0.000000%
180+ Days      0.000000%    0.000000%  180+ Days   0.000000%   0.000000%    180+ Days   0.000000%   0.000000%
               ---------    ---------              ---------   ---------               ---------   ---------
               0.625000%    1.349342%              0.000000%   0.000000%                0.000000%   0.000000%

</TABLE>

<TABLE>
<CAPTION>
                  REO                                 TOTAL
-----------------------------------  -----------------------------------
                No. of    Principal                  No. of    Principal
                Loans      Balance                   Loans      Balance
              ---------   ---------               ---------    ---------
<S>                <C>        <C>    <C>                <C>         <C>
0-29 Days          0          0.00   0-29 Days          0           0.00
30 Days            0          0.00   30 Days            1     959,400.00
60 Days            0          0.00   60 Days            0           0.00
90 Days            0          0.00   90 Days            0           0.00
120 Days           0          0.00   120 Days           0           0.00
150 Days           0          0.00   150 Days           0           0.00
180+ Days          0          0.00   180+ Days          0           0.00
              ---------   ---------               ---------    ---------
                   0          0.00                      1     959,400.00

                No. of    Principal                 No. of     Principal
                Loans      Balance                  Loans       Balance
              ---------   ---------               ---------    ---------

 0-29 Days    0.000000%   0.000000%   0-29 Days   0.000000%    0.000000%
 30 Days      0.000000%   0.000000%   30 Days     0.625000%    1.349342%
 60 Days      0.000000%   0.000000%   60 Days     0.000000%    0.000000%
 90 Days      0.000000%   0.000000%   90 Days     0.000000%    0.000000%
 120 Days     0.000000%   0.000000%   120 Days    0.000000%    0.000000%
 150 Days     0.000000%   0.000000%   150 Days    0.000000%    0.000000%
 180+ Days    0.000000%   0.000000%   180+ Days   0.000000%    0.000000%
             ---------   ---------               ---------    ---------
              0.000000%   0.000000%               0.625000%    1.349342%

</TABLE>

                                Group 1A - 6 Mo.

<TABLE>
<CAPTION>

              DELINQUENT                             BANKRUPTCY                         FORECLOSURE
-------------------------------------  -----------------------------------  ----------------------------------
                 No. of     Principal                  No. of    Principal                 No. of    Principal
                 Loans       Balance                   Loans      Balance                  Loans      Balance
               ---------    ---------                ---------   ---------               ---------   ---------
<S>                <C>           <C>   <C>                <C>         <C>   <C>               <C>         <C>
0-29 Days          0             0.00  0-29 Days          0           0.00  0-29 Days         0           0.00
30 Days            0             0.00  30 Days            0           0.00  30 Days           0           0.00
60 Days            0             0.00  60 Days            0           0.00  60 Days           0           0.00
90 Days            0             0.00  90 Days            0           0.00  90 Days           0           0.00
120 Days           0             0.00  120 Days           0           0.00  120 Days          0           0.00
150 Days           0             0.00  150 Days           0           0.00  150 Days          0           0.00
180+ Days          0             0.00  180+ Days          0           0.00  180+ Days         0           0.00
               ---------    ---------                ---------   ---------               ---------   ---------
                   0             0.00                     0           0.00                    0           0.00

                 No. of     Principal                  No. of    Principal                 No. of    Principal
                 Loans       Balance                   Loans      Balance                  Loans      Balance
               ---------    ---------                ---------   ---------               ---------   ---------
0-29 Days      0.000000%    0.000000%  0-29 Days     0.000000%   0.000000%  0-29 Days    0.000000%   0.000000%
30 Days        0.000000%    0.000000%  30 Days       0.000000%   0.000000%  30 Days      0.000000%   0.000000%
60 Days        0.000000%    0.000000%  60 Days       0.000000%   0.000000%  60 Days      0.000000%   0.000000%
90 Days        0.000000%    0.000000%  90 Days       0.000000%   0.000000%  90 Days      0.000000%   0.000000%
120 Days       0.000000%    0.000000%  120 Days      0.000000%   0.000000%  120 Days     0.000000%   0.000000%
150 Days       0.000000%    0.000000%  150 Days      0.000000%   0.000000%  150 Days     0.000000%   0.000000%
180+ Days      0.000000%    0.000000%  180+ Days     0.000000%   0.000000%  180+ Days    0.000000%   0.000000%
               ---------    ---------                ---------   ---------               ---------   ---------
               0.000000%    0.000000%                0.000000%   0.000000%               0.000000%   0.000000%

</TABLE>

<TABLE>
<CAPTION>

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

                No. of    Principal                 No. of     Principal
                Loans      Balance                  Loans       Balance
              ---------   ---------               ---------    ---------
0-29 Days     0.000000%   0.000000%  0-29 Days    0.000000%    0.000000%
30 Days       0.000000%   0.000000%  30 Days      0.000000%    0.000000%
60 Days       0.000000%   0.000000%  60 Days      0.000000%    0.000000%
90 Days       0.000000%   0.000000%  90 Days      0.000000%    0.000000%
120 Days      0.000000%   0.000000%  120 Days     0.000000%    0.000000%
150 Days      0.000000%   0.000000%  150 Days     0.000000%    0.000000%
180+ Days     0.000000%   0.000000%  180+ Days    0.000000%    0.000000%
              ---------   ---------               ---------    ---------
              0.000000%   0.000000%               0.000000%    0.000000%

</TABLE>

<PAGE>

                                    GROUP 1B

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

                 No. of     Principal                  No. of    Principal                 No. of    Principal
                 Loans       Balance                   Loans      Balance                  Loans      Balance
               ---------    ---------              ----------- -----------               ---------   ---------
0-29 Days      0.000000%    0.000000%  0-29 Days     0.000000%   0.000000%  0-29 Days    0.000000%   0.000000%
30 Days        0.000000%    0.000000%  30 Days       0.000000%   0.000000%  30 Days      0.000000%   0.000000%
60 Days        0.000000%    0.000000%  60 Days       0.000000%   0.000000%  60 Days      0.000000%   0.000000%
90 Days        0.000000%    0.000000%  90 Days       0.000000%   0.000000%  90 Days      0.000000%   0.000000%
120 Days       0.000000%    0.000000%  120 Days      0.000000%   0.000000%  120 Days     0.000000%   0.000000%
150 Days       0.000000%    0.000000%  150 Days      0.000000%   0.000000%  150 Days     0.000000%   0.000000%
180+ Days      0.000000%    0.000000%  180+ Days     0.000000%   0.000000%  180+ Days    0.000000%   0.000000%
               ---------    ---------                ---------   ---------               ---------   ---------
               0.000000%    0.000000%                0.000000%   0.000000%               0.000000%   0.000000%

</TABLE>

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

                No. of    Principal                 No. of     Principal
                Loans      Balance                  Loans       Balance
             ---------- -----------               ---------    ---------
0-29 Days     0.000000%   0.000000%  0-29 Days    0.000000%    0.000000%
30 Days       0.000000%   0.000000%  30 Days      0.000000%    0.000000%
60 Days       0.000000%   0.000000%  60 Days      0.000000%    0.000000%
90 Days       0.000000%   0.000000%  90 Days      0.000000%    0.000000%
120 Days      0.000000%   0.000000%  120 Days     0.000000%    0.000000%
150 Days      0.000000%   0.000000%  150 Days     0.000000%    0.000000%
180+ Days     0.000000%   0.000000%  180+ Days    0.000000%    0.000000%
              ---------   ---------               ---------    ---------
              0.000000%   0.000000%               0.000000%    0.000000%

</TABLE>

                                     Group 2

<TABLE>
<CAPTION>

              DELINQUENT                             BANKRUPTCY                         FORECLOSURE
-------------------------------------  -----------------------------------  ----------------------------------

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

                 No. of     Principal                  No. of    Principal                 No. of    Principal
                 Loans       Balance                   Loans      Balance                  Loans      Balance
               ---------    ---------                ---------   ---------               ----------- ---------
0-29 Days      0.000000%    0.000000%  0-29 Days     0.000000%   0.000000%  0-29 Days    0.000000%   0.000000%
30 Days        0.000000%    0.000000%  30 Days       0.000000%   0.000000%  30 Days      0.000000%   0.000000%
60 Days        0.000000%    0.000000%  60 Days       0.000000%   0.000000%  60 Days      0.000000%   0.000000%
90 Days        0.000000%    0.000000%  90 Days       0.000000%   0.000000%  90 Days      0.000000%   0.000000%
120 Days       0.000000%    0.000000%  120 Days      0.000000%   0.000000%  120 Days     0.000000%   0.000000%
150 Days       0.000000%    0.000000%  150 Days      0.000000%   0.000000%  150 Days     0.000000%   0.000000%
180+ Days      0.000000%    0.000000%  180+ Days     0.000000%   0.000000%  180+ Days    0.000000%   0.000000%
               ---------    ---------                ---------   ---------               ---------   ---------
               0.000000%    0.000000%                0.000000%   0.000000%               0.000000%   0.000000%

</TABLE>

<TABLE>
<CAPTION>

                 REO                                 TOTAL
-----------------------------------  -----------------------------------

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

                No. of    Principal                 No. of     Principal
                Loans      Balance                  Loans       Balance
              ---------   ---------               ---------    ---------
0-29 Days     0.000000%   0.000000%  0-29 Days    0.000000%    0.000000%
30 Days       0.000000%   0.000000%  30 Days      0.000000%    0.000000%
60 Days       0.000000%   0.000000%  60 Days      0.000000%    0.000000%
90 Days       0.000000%   0.000000%  90 Days      0.000000%    0.000000%
120 Days      0.000000%   0.000000%  120 Days     0.000000%    0.000000%
150 Days      0.000000%   0.000000%  150 Days     0.000000%    0.000000%
180+ Days     0.000000%   0.000000%  180+ Days    0.000000%    0.000000%
              ---------   ---------               ---------    ---------
              0.000000%   0.000000%               0.000000%    0.000000%

</TABLE>

<PAGE>

                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>

<S>                                                               <C>
Collateral Description                                                 Mixed Arm

Weighted Average Gross Coupon                                          2.763344%
Weighted Average Net Coupon                                            2.418042%
Weighted Average Pass-Through Rate                                     2.415542%
Weighted Average Maturity (Stepdown Calculation)                             319

Beginning Scheduled Collateral Loan Count                                  1,031
Number of Loans Paid in Full                                                   3
Ending Scheduled Collateral Loan Count                                     1,028

Beginning Scheduled Collateral Balance                            502,883,517.08
Ending Scheduled Collateral Balance                               500,841,478.34
Ending Actual Collateral Balance at 28-Nov-2003                   500,841,478.34

Monthly P&I Constant                                                1,167,476.66
Special Servicing Fee                                                       0.00
Prepayment Penalties                                                        0.00
Realized Loss Amount                                                        0.00
Cumulative Realized Loss                                                    0.00

Ending Scheduled Balance for Premium Loans                        500,841,478.34

Scheduled Principal                                                     9,443.05
Unscheduled Principal                                               2,032,595.69

</TABLE>

<PAGE>

MISCELLANEOUS REPORTING

<TABLE>
<CAPTION>
<S>                                                                  <C>
Group 1A Pro Rata Senior Percentage                                   96.520918%
Group 1B Pro Rata Senior Percentage                                   96.557572%
Group 2 Pro Rata Senior Percentage                                    91.728163%

Group 1A Senior Percentage                                           100.000000%
Group 1B Senior Percentage                                           100.000000%
Group 2 Senior Percentage                                            100.000000%

Group 1A Senior Prepayment Percentage                                100.000000%
Group 1B Senior Prepayment Percentage                                100.000000%
Group 2 Senior Prepayment Percentage                                 100.000000%

Group 1 Subordinate Percentage                                         0.000000%
Group 2 Subordinate Percentage                                         0.000000%

Group 1 Subordinate Prepay Percentage                                  0.000000%
Group 2 Subordinate Prepay Percentage                                  0.000000%

</TABLE>

<PAGE>

<TABLE>
<CAPTION>

            GROUP                       GROUP 1A - 1 MO    GROUP 1A - 6 MO        GROUP 1B            GROUP 2             TOTAL
            -----                      ----------------   ----------------  ----------------   -----------------   ----------------
<S>                                    <C>                <C>               <C>                <C>
Collateral Description                 1 Month            6 Month           6 Month            1 Month
                                       LIBOR ARM          LIBOR ARM         LIBOR ARM          LIBOR ARM           Mixed ARM
Weighted Average Coupon Rate                   2.692432         2.847522            2.845536            2.692042           2.763344
Weighted Average Net Rate                      2.317432         2.472522            2.470536            2.392042           2.418042
Pass-Through Rate                              2.314932         2.470022            2.468036            2.389542           2.415542
Weighted Average Maturity                           295              295                 295                 348                319
Record Date                                  11/28/2003       11/28/2003          11/28/2003          11/28/2003         11/28/2003
Principal and Interest Constant              160,100.28       187,530.51          363,684.05          456,161.82       1,167,476.66
Beginning Loan Count                                161              238                 421                 211              1,031
Loans Paid in Full                                    1                2                   0                   0                  3
Ending Loan Count                                   160              236                 421                 211              1,028
Beginning Scheduled Balance               71,355,687.72    79,028,934.08      153,370,336.62      199,128,558.66     502,883,517.08
Ending Scheduled Balance                  71,101,324.12    77,907,375.08      152,755,181.77      199,077,597.37     500,841,478.34
Scheduled Principal                                0.00             0.00                0.00            9,443.05           9,443.05
Unscheduled Principal                        254,363.60     1,121,559.00          615,154.85           41,518.24       2,032,595.69
Scheduled Interest                           160,100.28       187,530.51          363,684.05          446,718.77       1,158,033.61
Servicing Fee                                 22,298.65        24,696.54           47,928.23           49,782.13         144,705.55
Master Servicing Fee                               0.00             0.00                0.00                0.00               0.00
Trustee Fee                                      148.66           164.64              319.52              414.85           1,047.67
FRY Amount                                         0.00             0.00                0.00                0.00               0.00
Special Hazard Fee                                 0.00             0.00                0.00                0.00               0.00
Other Fee                                          0.00             0.00                0.00                0.00               0.00
Pool Insurance Fee                                 0.00             0.00                0.00                0.00               0.00
Spread 1                                           0.00             0.00                0.00                0.00               0.00
Spread 2                                           0.00             0.00                0.00                0.00               0.00
Spread 3                                           0.00             0.00                0.00                0.00               0.00
Net Interest                                 137,652.97       162,669.33          315,436.30          396,521.79       1,012,280.39
Realized Loss Amount                               0.00             0.00                0.00                0.00               0.00
Cumulative Realized Loss                           0.00             0.00                0.00                0.00               0.00
Percentage of Cumulative Losses                    0.00             0.00                0.00                0.00               0.00
Prepayment Penalties                               0.00             0.00                0.00                0.00               0.00
Special Servicing Fee                              0.00             0.00                0.00                0.00               0.00

</TABLE><PAGE>

                                                                   Exhibit 10(a)

                                   ABLEST INC.

                           EXECUTIVE STOCK AWARDS PLAN

1.       Purpose.
         -------

The plan shall be known as the Executive Stock Awards Plan (the "Plan"). The
purpose of the Plan shall be to promote the long-term growth and profitability
of Ablest Inc. (the "Company") and its subsidiaries by providing executive
officers with incentives to improve stockholder value and contribute to the
success of the Company and by enabling the Company to attract, retain and reward
the best available persons for executive officer positions.

2.       Definitions.
         -----------

         (a)      "Beneficial Owner" shall have the meaning provided in Rule
                  13d-3 promulgated under the Exchange Act.

         (b)      "Cause" means the occurrence of one of the following:

                  (i)      Conviction of, or plea of "no contest" to, a felony;

                  (ii)     Willfully engaging in an act or series of acts of
                           gross misconduct that result in demonstrable and
                           material injury to the Company; or

                  (iii)     Material breach of any provision of an employment
                           agreement between a participating executive and the
                           Company, which breach has not been cured in all
                           material respects within twenty (20) days after the
                           Company gives notice thereof to such executive.

         (c)      "Change in Control" occurs when:

                  (i)      any "Person", other than Clydis D. Heist and her
                           lineal descendants and any trusts for the benefit of
                           her lineal descendants (collectively, the "Heist
                           Family"), and other than any trustee or fiduciary on
                           behalf of any Company benefit plan, becomes the
                           "Beneficial Owner" of securities of the Company
                           having at least 25% of the voting power of the
                           Company's then outstanding securities (unless the
                           event causing the 25% threshold to be crossed is an
                           acquisition of securities directly from the Company)
                           but only if at the time of such person's becoming the
                           beneficial owner of the requisite voting power, the
                           Heist Family (or any trust or Person included
                           therein) no longer holds a majority of the
                           outstanding shares; or

                  (ii)     the stockholders of the Company approve any merger or
                           other business combination of the Company, or any
                           going private transaction subject to Rule 13e-3 of
                           the rules and regulations promulgated under the
                           Securities Exchange Act of 1934, or any sale of all
                           or substantially all of the Company's assets in one
                           or a series of related transactions, or any
                           combination of the foregoing transactions (the
                           "Transactions"), other than a Transaction in which
                           the Heist Family or any trust or Person included
                           within the Heist Family is the Beneficial Owner of
                           50% or more of the voting securities of the surviving
                           company (or its parent) (and, in a

<PAGE>

                           sale of assets, of the purchaser of the assets)
                           immediately following the Transaction; or

                  (iii)    within any 24 month period, the persons who were
                           directors immediately before the beginning of such
                           period (the "Disinterested Directors") cease (for any
                           reason other than death) to constitute at least a
                           majority of the Board or the board of directors of a
                           successor to the Company, with, for this purpose, any
                           director who was not a director at the beginning of
                           such period being deemed to be a Disinterested
                           Director if such director was elected to the Board
                           by, or on the recommendation of or with the approval
                           of, at least two-thirds of the directors who then
                           qualified as Disinterested Directors, so long as such
                           director was not nominated by a person who has
                           entered into an agreement to effect, or threatened to
                           effect, a Change of Control.

         (d)      "Common Stock" means the common stock, $.05 par value, of the
                  Company.

         (e)      "Disability" means disability as defined in Section 72(m)(7)
                  of the Internal Revenue Code of 1986, as amended.

         (f)      "Exchange Act" means the Securities Exchange Act of 1934, as
                  amended.

         (g)      "Fair Market Value" of restricted shares granted hereunder
                  shall mean the average of the high and low sale prices of a
                  share of Common Stock on the American Stock Exchange on the
                  last trading day of the calendar year ending immediately prior
                  to the date of vesting of such restricted shares, or if the
                  Company's Common Stock is not traded on such exchange, or
                  otherwise traded publicly, the value determined, in good
                  faith, by the Compensation Committee of the Board of Directors
                  of the Company as of the last day of such calendar year.

         (h)      "Retirement" means voluntary, late, normal or early retirement
                  under a pension plan sponsored by the Company, as defined in
                  such plan, or as otherwise defined or determined by the
                  Compensation Committee of the Board of Directors of the
                  Company with respect to senior executives of the Company
                  generally.

         (i)      "Subsidiary" means a corporation of which outstanding shares
                  representing 50% or more of the combined voting power of such
                  corporation are owned directly or indirectly by the Company.

3.       Administration.
         --------------

         The Plan shall be administered by the Compensation Committee of the
         Board of Directors of the Company (the "Compensation Committee").
         Subject to the provisions of the Plan, the Compensation Committee shall
         be authorized to interpret the Plan and adopt, amend, or rescind such
         rules and regulations for carrying out the Plan as it may deem
         appropriate. Decisions of the Compensation Committee on all matters
         relating to the Plan shall be in its sole discretion and shall be
         conclusive and binding on all parties, including the Company, its
         stockholders, and the participants in the Plan. The validity,
         construction, and effect of the Plan and any rules and regulations
         relating to the Plan shall be determined in accordance with applicable
         federal and state laws and rules and regulations promulgated pursuant
         thereto.

                                       2
<PAGE>

4.       Shares Available for the Plan.
         -----------------------------

         Subject to adjustments as provided in Section 10, an aggregate of
         135,000 shares of Common Stock (hereinafter the "shares") may be issued
         pursuant to the Plan. Such shares may be unissued or treasury shares.
         If any grant under the Plan is forfeited as to any shares, such
         forfeited shares shall thereafter be available for further grants under
         the Plan.

5.       Participation.
         -------------

         Participation in the Plan will be limited to Kurt R. Moore, President,
         and Vincent J. Lombardo, Vice President and Chief Financial Officer,
         and any other executive officer chosen by the Compensation Committee.

         Nothing in the Plan or in any grant thereunder shall confer any right
         on any participant to continue in the employ of the Company or shall
         interfere in any way with the right of the Company to terminate such
         participant at any time.

         The maximum number of restricted shares that may be granted to any
         single individual in any one calendar year shall not exceed 30,000
         shares.

6.       Restricted Share Grants.
         -----------------------

         Subject to the last sentence of this paragraph, initial grants of
         restricted shares will be made to each participant effective as of
         January 1, 2004, and shares subject thereto will vest on January 1,
         2005. Such initial grants of restricted shares shall not be tied to any
         performance target and are limited to 9,000 shares in the case of the
         President and 4,500 shares each in the case of the Vice President and
         Chief Financial Officer and any other executive officer selected to
         participate in the Plan. Each initial grant of restricted shares made
         prior to the 2004 annual meeting of stockholders of the Company shall
         be subject to approval of the Plan by the holders of a majority of the
         Company's outstanding common stock and the subject shares will be
         forfeited if such approval is not obtained.

         The Compensation Committee shall establish applicable performance
         targets based on earnings before taxes (EBT) of the Company and shall
         determine the number of additional restricted shares that may be earned
         by the participants in the Plan if the applicable performance targets
         are met or exceeded. Performance targets shall be set by the
         Compensation Committee for fiscal years 2004, 2005 and 2006, and the
         number of additional restricted shares that may be earned with respect
         to each performance target for each such fiscal year shall also be set
         by the Compensation Committee.

         At the end of a fiscal year, if the Compensation Committee determines,
         after consultation with management and the Company's independent
         auditors, that EBT for a particular fiscal year meets or exceeds one or
         more of the performance targets, each participant shall receive, with
         respect to such fiscal year and the targets met or exceeded, the number
         of restricted shares provided for by the Compensation Committee . Each
         such grant of restricted shares awarded for a particular fiscal year
         shall vest on January 1 of the second fiscal year following the fiscal
         year for which such award was made. Accordingly, grants awarded for
         fiscal 2004 will vest on January 1, 2006; grants awarded for fiscal
         2005 will vest on January 1, 2007; and grants awarded for fiscal 2006
         will vest on January 1, 2008.

                                       3
<PAGE>

         No later than December 15 of the year in which any restricted shares
         awarded under the Plan vest, the Company will credit to the participant
         who received such shares an amount equal to the Fair Market Value of
         such shares times the highest marginal tax rate applicable to such
         executive for federal tax purposes. This amount will be withheld and
         applied to the participant's federal tax account.

         The Compensation Committee, after appropriate consultation with
         management and the Company's independent auditors, reserves the right
         to adjust the final calculation of EBT if there occurs an unusual event
         during the fiscal year in question that has more than a minimal impact,
         in the Committee's judgment, on the Company's earnings.

         Each participant will be required to deposit shares with the Company
         during the period of any restriction thereon and to execute a blank
         stock power therefor.

         Except as otherwise provided by the Compensation Committee, in the
         event of a Change in Control or the termination of a participant's
         employment due to death, Disability, Retirement, or termination without
         Cause by the Company, all restrictions on shares granted to such
         participant shall lapse. On termination of a participant's employment
         for any other reason, including, without limitation, termination for
         Cause, all restricted shares subject to grants made to such participant
         shall be forfeited to the Company.

         Each participant who receives restricted shares will have the rights of
         a stockholder with respect thereto from and after the grant thereof, in
         accordance with and subject to the risks of forfeiture set forth
         herein. Notwithstanding the foregoing, no recipient may transfer,
         assign or encumber any restricted shares granted to him until such
         shares have vested in accordance with the Plan.

7.       Written Agreement.
         -----------------

         Each participant to whom a grant is made under the Plan shall enter
         into a written agreement with the Company that shall contain such
         provisions, consistent with the provisions of the Plan, as may be
         established by the Compensation Committee.

8.       Listing and Registration.
         ------------------------

         If the Compensation Committee determines that the listing,
         registration, or qualification upon any securities exchange or under
         any law of shares subject to any grant is necessary or desirable as a
         condition of, or in connection with, the issuance of same, no such
         shares may be issued unless such listing, registration or qualification
         is effected free of any conditions not acceptable to the Compensation
         Committee.

9.       Transfer of Participant.
         -----------------------

         Transfer of a participant from the Company to a subsidiary, from a
         subsidiary to the Company, and from one subsidiary to another shall not
         be considered a termination of employment. Nor shall it be considered a
         termination of employment if participant is placed on military or sick
         leave or such other leave of absence which is considered as continuing
         intact the employment relationship; in such a case, the employment
         relationship shall be continued until the date when the right to
         reemployment shall no longer be guaranteed either by law or by
         contract.

                                       4
<PAGE>

10.      Adjustments.
         -----------

         In the event of a reorganization, recapitalization, stock split, stock
         dividend, combination of shares, merger, consolidation, distribution of
         assets, or any other change in the corporate structure or shares of the
         Company, the Compensation Committee shall make such adjustments as it
         deems appropriate in the number and kind of shares reserved for
         issuance under the Plan, and in the number and kind of shares covered
         by grants awarded under the Plan.

11.      Termination and Modification of the Plan.
         ----------------------------------------

         The Board of Directors, without further approval of the stockholders,
         may modify or terminate the Plan and from time to time may suspend, and
         if suspended, may reinstate any or all of the provisions of the Plan,
         except that no modification, suspension or termination of the Plan may,
         without the consent of the participant affected, alter or impair any
         grant previously made under the Plan.

         The Compensation Committee shall be authorized to make minor or
         administrative modifications to the Plan as well as modifications to
         the Plan that may be dictated by requirements of federal or state laws
         applicable to the Company or that may be authorized or made desirable
         by such laws.

12.      Commencement Date; Stockholder Approval; Termination Date.
         ---------------------------------------------------------

         The Plan shall commence effective with the first day of fiscal 2004,
         subject to approval of the Plan at the 2004 annual meeting of
         stockholders. If such approval is not obtained, the Plan will
         terminate, and all grants made thereunder shall be forfeited,
         immediately following such annual meeting.

         Unless previously terminated, the Plan shall terminate at the close of
         business on the last day of fiscal 2008.

                                       5

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