Aames Capital 8-K Current report

Aames 2000-1

Mortgage Pass-Through Certificates

Prepayment Report for April 25, 2001 Distribution

Prepayment Report - Voluntary Prepayments

VOLUNTARY PREPAYMENTS		ADJUSTABLE 2	ADJUSTABLE 1	FIXED	TOTAL
	Current
	Number of Paid in Full Loans	22	21	56	99
	Number of Repurchased Loans	-	-	-	-
	Total Number of Loans Prepaid in Full	22	21	56	99
	Paid in Full Balance	2,893,983.72	1,635,440.46	3,683,052.47	8,212,476.65
	Repurchased Loans Balance	-	-	-	-
	Curtailments Amount	5,180.27	8,520.72	27,330.84	41,031.83
	Total Prepayment Amount	2,899,163.99	1,643,961.18	3,710,383.31	8,253,508.48
	Cumulative
	Number of Paid in Full Loans	86	89	187	362
	Number of Repurchased Loans	-	-	-	-
	Total Number of Loans Prepaid in Full	86	89	187	362
	Paid in Full Balance	9,550,771.79	8,935,523.81	12,470,163.22	30,956,458.82
	Repurchased Loans Balance	-	-	-	-
	Curtailments Amount	159,234.64	41,614.72	156,154.67	357,004.03
	Total Prepayment Amount	9,710,006.43	8,977,138.53	12,626,317.89	31,313,462.85
SPACE INTENTIONALLY LEFT BLANK

Total Prepayments by Groups (in thousands of dollars)

Total Prepayments (in thousands of dollars)

Page 18 of 28 © COPYRIGHT 2001 Deutsche Bank

Aames 2000-1

Mortgage Pass-Through Certificates

Prepayment Report for April 25, 2001 Distribution

Prepayment Report - Voluntary Prepayments

VOLUNTARY PREPAYMENT RATES		ADJUSTABLE 2	ADJUSTABLE 1	FIXED	TOTAL
	SMM	2.45%	1.39%	1.87%	1.90%
	3 Months Avg SMM	1.64%	1.52%	1.24%	1.43%
	12 Months Avg SMM
	Avg SMM Since Cut-off	1.15%	1.06%	0.89%	1.00%
	CPR	25.73%	15.51%	20.22%	20.53%
	3 Months Avg CPR	18.01%	16.83%	13.89%	15.83%
	12 Months Avg CPR
	Avg CPR Since Cut-off	12.91%	11.96%	10.17%	11.41%
	PSA	1433.33%	865.62%	1145.14%	1152.64%
	3 Months Avg PSA Approximation	1128.11%	1056.88%	885.56%	1000.19%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation	1078.95%	1000.90%	865.03%	961.63%

CPR by Groups

Total CPR

PSA by Groups

Total PSA

Page 19 of 28 © COPYRIGHT 2001 Deutsche Bank

Aames 2000-1

Mortgage Pass-Through Certificates

Prepayment Report for April 25, 2001 Distribution

Prepayment Report - Voluntary Prepayments

CPR Avg since Cut-Off by Groups

Total CPR Avg since Cut-Off

PSA Avg since Cut-Off by Groups

Total PSA since Cut-Off

PREPAYMENT CALCULATION METHODOLOGY
	Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
	Conditional Prepayment Rate (CPR): 1-((1-SMM)/\12)
	PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
	Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) * . . . . *(1-SMMm)]/\(1/months in period n,m)
	Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)/\12)
	Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m))
	Average WASn,m: (min(30,WASn)+min(30,WASn+1)+ . . . . +min(30,WASm)/(number of months in the period n,m)
	Weighted Average Seasoning (WAS)
	Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.
	Dates correspond to distribution dates.

Page 20 of 28 © COPYRIGHT 2001 Deutsche Bank