Aames Capital 8-K Current report

Aames 2001-1

Mortgage Pass-Through Certificates
REMIC I Series 2001-1

Certificate Payment Report for May 25, 2001 Distribution

	Distribution in Dollars - Current Period
				Prior						Current
	Class	Original		Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value		Balance	Interest	Principal	Distribution	Losses	Interest	Balance
				(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
P	SUB	100.00		100.00	10,871.77	-	10,871.77	-	-	100.00
IA		7,095,833.00		7,095,833.00	60,346.38	-	60,346.38	-	-	7,095,833.00
IB		545,834.00		545,834.00	4,642.04	-	4,642.04	-	-	545,834.00
IC		1,091,666.00		1,091,666.00	9,284.05	-	9,284.05	-	-	1,091,666.00
ID		1,091,667.00		1,091,667.00	9,284.06	-	9,284.06	-	-	1,091,667.00
IE		2,183,333.00		2,183,333.00	18,568.11	-	18,568.11	-	-	2,183,333.00
IF		1,091,667.00		1,091,667.00	9,284.06	-	9,284.06	-	-	1,091,667.00
IG		1,091,667.00		1,091,667.00	9,284.06	-	9,284.06	-	-	1,091,667.00
IH		1,091,666.00		1,091,666.00	9,284.05	-	9,284.05	-	-	1,091,666.00
II		545,834.00		545,834.00	4,642.04	-	4,642.04	-	-	545,834.00
IJ		545,833.00		545,833.00	4,642.03	-	4,642.03	-	-	545,833.00
IK		545,833.00		545,833.00	4,642.03	-	4,642.03	-	-	545,833.00
IL		545,834.00		545,834.00	4,642.04	-	4,642.04	-	-	545,834.00
IM		132,534,118.11		132,333,824.05	1,125,430.54	1,157,543.75	2,282,974.29	11,695.96	-	131,164,584.34
R-1		-		-	-	-	-	-	-	-
Total		150,000,885.11		149,800,591.05	1,284,847.26	1,157,543.75	2,442,391.01	11,695.96	-	148,631,351.34
	Interest Accrual Detail			Current Period Factor Information per $1,000 of Original Face
					Orig. Principal	Prior				Current
	Period	Period			(with Notional)	Principal			Total	Principal
Class	Starting	Ending	Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
						(1)	(2)	(3)	(4)=(2)+(3)	(5)
P			F-30/360		100.00	1,000.000000	108,717.700000	-	108,717.700000	1,000.000000
IA			A-30/360		7,095,833.00	1,000.000000	8.504481	-	8.504481	1,000.000000
IB			A-30/360		545,834.00	1,000.000000	8.504490	-	8.504490	1,000.000000
IC			A-30/360		1,091,666.00	1,000.000000	8.504478	-	8.504478	1,000.000000
ID			A-30/360		1,091,667.00	1,000.000000	8.504480	-	8.504480	1,000.000000
IE			A-30/360		2,183,333.00	1,000.000000	8.504479	-	8.504479	1,000.000000
IF			A-30/360		1,091,667.00	1,000.000000	8.504480	-	8.504480	1,000.000000
IG			A-30/360		1,091,667.00	1,000.000000	8.504480	-	8.504480	1,000.000000
IH			A-30/360		1,091,666.00	1,000.000000	8.504478	-	8.504478	1,000.000000
II			A-30/360		545,834.00	1,000.000000	8.504490	-	8.504490	1,000.000000
IJ			A-30/360		545,833.00	1,000.000000	8.504488	-	8.504488	1,000.000000
IK			A-30/360		545,833.00	1,000.000000	8.504488	-	8.504488	1,000.000000
IL			A-30/360		545,834.00	1,000.000000	8.504490	-	8.504490	1,000.000000
IM			A-30/360		132,534,118.11	998.488736	8.491629	8.733930	17.225559	989.666557
R-1			F-30/360		-	-	-	-	-	-

Page 2 of 27 © COPYRIGHT 2001 Deutsche Bank

Aames 2001-1

Mortgage Pass-Through Certificates
REMIC I Series 2001-1

Certificate Payment Report for May 25, 2001 Distribution

	Distribution in Dollars - to Date
										Current
	Original			Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest	Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)	(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
P	100.00		11,566.05	-	-	-	11,566.05	-	-	100.00
IA	7,095,833.00		120,689.23	-	-	-	120,689.23	-	-	7,095,833.00
IB	545,834.00		9,283.80	-	-	-	9,283.80	-	-	545,834.00
IC	1,091,666.00		18,567.56	-	-	-	18,567.56	-	-	1,091,666.00
ID	1,091,667.00		18,567.58	-	-	-	18,567.58	-	-	1,091,667.00
IE	2,183,333.00		37,135.14	-	-	-	37,135.14	-	-	2,183,333.00
IF	1,091,667.00		18,567.58	-	-	-	18,567.58	-	-	1,091,667.00
IG	1,091,667.00		18,567.58	-	-	-	18,567.58	-	-	1,091,667.00
IH	1,091,666.00		18,567.56	-	-	-	18,567.56	-	-	1,091,666.00
II	545,834.00		9,283.80	-	-	-	9,283.80	-	-	545,834.00
IJ	545,833.00		9,283.79	-	-	-	9,283.79	-	-	545,833.00
IK	545,833.00		9,283.79	-	-	-	9,283.79	-	-	545,833.00
IL	545,834.00		9,283.80	-	-	-	9,283.80	-	-	545,834.00
IM	132,534,118.11		2,252,498.64	-	1,357,837.81	1,357,837.81	3,610,336.45	11,695.96	-	131,164,584.34
R-1	-		-	-	-	-	-	-	-	-
Total	150,000,885.11		2,561,145.90	-	1,357,837.81	1,357,837.81	3,918,983.71	11,695.96	-	148,631,351.34
	Interest Detail
	Pass-	Prior Principal			Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)		Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance		Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
				(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
P		100.00		10,871.77	-	-	-	10,871.77	10,871.77	-
IA	10.20538%	7,095,833.00		60,346.38	-	-	-	60,346.38	60,346.38	-
IB	10.20538%	545,834.00		4,642.04	-	-	-	4,642.04	4,642.04	-
IC	10.20538%	1,091,666.00		9,284.05	-	-	-	9,284.05	9,284.05	-
ID	10.20538%	1,091,667.00		9,284.06	-	-	-	9,284.06	9,284.06	-
IE	10.20538%	2,183,333.00		18,568.11	-	-	-	18,568.11	18,568.11	-
IF	10.20538%	1,091,667.00		9,284.06	-	-	-	9,284.06	9,284.06	-
IG	10.20538%	1,091,667.00		9,284.06	-	-	-	9,284.06	9,284.06	-
IH	10.20538%	1,091,666.00		9,284.05	-	-	-	9,284.05	9,284.05	-
II	10.20538%	545,834.00		4,642.04	-	-	-	4,642.04	4,642.04	-
IJ	10.20538%	545,833.00		4,642.03	-	-	-	4,642.03	4,642.03	-
IK	10.20538%	545,833.00		4,642.03	-	-	-	4,642.03	4,642.03	-
IL	10.20538%	545,834.00		4,642.04	-	-	-	4,642.04	4,642.04	-
IM	10.20538%	132,333,824.05		1,125,430.54	-	-	-	1,125,430.54	1,125,430.54	-
R-1		-		-	-	-	-	-	-	-
Total		149,800,591.05		1,284,847.26	-	-	-	1,284,847.26	1,284,847.26	-

Page 3 of 27 © COPYRIGHT 2001 Deutsche Bank

Aames 2001-1

Mortgage Pass-Through Certificates
REMIC II Series 2001-1

Certificate Payment Report for May 25, 2001 Distribution

	Distribution in Dollars - Current Period
				Prior						Current
	Class	Original		Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value		Balance	Interest	Principal	Distribution	Losses	Interest	Balance
				(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
II-A-1		1,000,000.00		994,804.28	7,880.33	15,071.22	22,951.55	-	-	979,733.06
II-A-2		260,000.00		259,495.48	2,055.59	215.54	2,271.13	-	-	259,279.94
II-M-1		97,500.00		97,500.00	772.34	-	772.34	-	-	97,500.00
II-M-2		82,500.00		82,500.00	653.52	-	653.52	-	-	82,500.00
II-B		60,000.00		60,000.00	475.29	-	475.29	-	-	60,000.00
II-Q		148,500,785.11		148,306,191.29	1,171,093.76	1,145,968.31	2,317,062.07	11,695.96	3,711.32	147,152,238.34
II-A-IO		-		-	87,333.34	-	87,333.34	-	-	-
R-II		-		-	-	-	-	-	-	-
Total		150,000,785.11		149,800,491.05	1,270,264.17	1,161,255.07	2,431,519.24	11,695.96	3,711.32	148,631,251.34
	Interest Accrual Detail			Current Period Factor Information per $1,000 of Original Face
					Orig. Principal	Prior				Current
	Period	Period			(with Notional)	Principal			Total	Principal
Class	Starting	Ending	Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
						(1)	(2)	(3)	(4)=(2)+(3)	(5)
II-A-1			A-30/360		1,000,000.00	994.804280	7.880330	15.071220	22.951550	979.733060
II-A-2			A-30/360		260,000.00	998.059538	7.906115	0.829000	8.735115	997.230538
II-M-1			A-30/360		97,500.00	1,000.000000	7.921436	-	7.921436	1,000.000000
II-M-2			A-30/360		82,500.00	1,000.000000	7.921455	-	7.921455	1,000.000000
II-B			A-30/360		60,000.00	1,000.000000	7.921500	-	7.921500	1,000.000000
II-Q			A-30/360		148,500,785.11	998.689611	7.886112	7.716918	15.603029	990.918925
II-A-IO			A-30/360		-	-	-	-	-	-
R-II			F-30/360		-	-	-	-	-	-

Page 4 of 27 © COPYRIGHT 2001 Deutsche Bank

Aames 2001-1

Mortgage Pass-Through Certificates
REMIC II Series 2001-1

Certificate Payment Report for May 25, 2001 Distribution

	Distribution in Dollars - to Date
										Current
	Original			Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest	Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)	(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
II-A-1	1,000,000.00		15,802.10	7,029.05	13,237.89	20,266.94	36,069.04	-	-	979,733.06
II-A-2	260,000.00		4,115.25	379.57	340.49	720.06	4,835.31	-	-	259,279.94
II-M-1	97,500.00		1,544.71	-	-	-	1,544.71	-	-	97,500.00
II-M-2	82,500.00		1,307.07	-	-	-	1,307.07	-	-	82,500.00
II-B	60,000.00		950.60	-	-	-	950.60	-	-	60,000.00
II-Q	148,500,785.11		2,343,784.84	-	1,344,259.43	1,344,259.43	3,688,044.27	11,695.96	7,408.62	147,152,238.34
II-A-IO	-		174,666.67	-	-	-	174,666.67	-	-	-
R-II	-		-	-	-	-	-	-	-	-
Total	150,000,785.11		2,542,171.24	7,408.62	1,357,837.81	1,365,246.43	3,907,417.67	11,695.96	7,408.62	148,631,251.34
	Interest Detail
	Pass-	Prior Principal			Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)		Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance		Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
				(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
II-A-1	9.50578%	994,804.28		7,880.33	-	-	-	7,880.33	7,880.33	-
II-A-2	9.50578%	259,495.48		2,055.59	-	-	-	2,055.59	2,055.59	-
II-M-1	9.50578%	97,500.00		772.34	-	-	-	772.34	772.34	-
II-M-2	9.50578%	82,500.00		653.52	-	-	-	653.52	653.52	-
II-B	9.50578%	60,000.00		475.29	-	-	-	475.29	475.29	-
II-Q	9.50578%	148,306,191.29		1,171,093.76	-	-	-	1,171,093.76	1,174,805.08	-
II-A-IO		-		87,333.34	-	-	-	87,333.34	87,333.34	-
R-II		-		-	-	-	-	-	-	-
Total		149,800,491.05		1,270,264.17	-	-	-	1,270,264.17	1,273,975.49	-

Page 5 of 27 © COPYRIGHT 2001 Deutsche Bank

Aames 2001-1

Mortgage Pass-Through Certificates
Issuing REMIC I Series 2001-1

Certificate Payment Report for May 25, 2001 Distribution

	Distribution in Dollars - Current Period
				Prior						Current
	Class	Original		Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value		Balance	Interest	Principal	Distribution	Losses	Interest	Balance
				(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
A-1	STEP	100,000,000.00		99,480,427.85	528,821.37	1,507,121.66	2,035,943.03	-	-	97,973,306.19
A-2	STEP	26,000,000.00		25,949,547.70	138,138.09	21,554.15	159,692.24	-	-	25,927,993.55
A-IO	IO	-		-	87,333.34	-	87,333.34	-	-	-
M-1	MEZ	9,750,000.00		9,750,000.00	58,443.13	-	58,443.13	-	-	9,750,000.00
M-2	MEZ	8,250,000.00		8,250,000.00	52,167.50	-	52,167.50	-	-	8,250,000.00
B	MEZ	6,000,000.00		6,000,000.00	37,940.00	-	37,940.00	-	-	6,000,000.00
C	PT	785.11		370,515.53	-	-	-	-	359,436.05	729,951.58
R	R	-		-	-	-	-	-	-	-
Total		150,000,785.11		149,800,491.08	902,843.43	1,528,675.80	2,431,519.23	-	359,436.05	148,631,251.32
	Interest Accrual Detail			Current Period Factor Information per $1,000 of Original Face
					Orig. Principal	Prior				Current
	Period	Period			(with Notional)	Principal			Total	Principal
Class	Starting	Ending	Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
						(1)	(2)	(3)	(4)=(2)+(3)	(5)
A-1			A-30/360	00253CGL5	100,000,000.00	994.804279	5.288214	15.071217	20.359430	979.733062
A-2			A-30/360	00253CGM3	26,000,000.00	998.059527	5.313003	0.829006	6.142009	997.230521
A-IO			A-30/360	00253CGN1	17,466,667.00	1,000.000000	5.000000	-	5.000000	1,000.000000
M-1			A-30/360	00253CGP6	9,750,000.00	1,000.000000	5.994167	-	5.994167	1,000.000000
M-2			A-30/360	00253CGQ4	8,250,000.00	1,000.000000	6.323333	-	6.323333	1,000.000000
B			A-30/360	00253CGR2	6,000,000.00	1,000.000000	6.323333	-	6.323333	1,000.000000
C			F-30/360		785.11	471,928.175670	-	-	-	929,744.341557
R			F-30/360		-	-	-	-	-	-

Page 6 of 27 © COPYRIGHT 2001 Deutsche Bank

Aames 2001-1

Mortgage Pass-Through Certificates
Issuing REMIC I Series 2001-1

Certificate Payment Report for May 25, 2001 Distribution

	Distribution in Dollars - to Date
										Current
	Original			Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest	Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)	(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
A-1	100,000,000.00		1,060,404.70	702,905.05	1,323,788.75	2,026,693.80	3,087,098.50	-	-	97,973,306.19
A-2	26,000,000.00		276,544.76	37,957.39	34,049.06	72,006.45	348,551.21	-	-	25,927,993.55
A-IO	-		174,666.68	-	-	-	174,666.68	-	-	-
M-1	9,750,000.00		116,886.26	-	-	-	116,886.26	-	-	9,750,000.00
M-2	8,250,000.00		104,335.00	-	-	-	104,335.00	-	-	8,250,000.00
B	6,000,000.00		75,880.00	-	-	-	75,880.00	-	-	6,000,000.00
C	785.11		-	-	-	-	-	-	729,166.47	729,951.58
R	-		-	-	-	-	-	-	-	-
Total	150,000,785.11		1,808,717.40	740,862.44	1,357,837.81	2,098,700.25	3,907,417.65	-	729,166.47	148,631,251.32
	Interest Detail
	Pass-	Prior Principal			Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)		Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance		Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
				(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
A-1	6.37900%	99,480,427.85		528,821.37	-	-	-	528,821.37	528,821.37	-
A-2	6.38800%	25,949,547.70		138,138.09	-	-	-	138,138.09	138,138.09	-
A-IO	6.00000%	17,466,667.00		87,333.34	-	-	-	87,333.34	87,333.34	-
M-1	7.19300%	9,750,000.00		58,443.13	-	-	-	58,443.13	58,443.13	-
M-2	7.58800%	8,250,000.00		52,167.50	-	-	-	52,167.50	52,167.50	-
B	7.58800%	6,000,000.00		37,940.00	-	-	-	37,940.00	37,940.00	-
C		370,515.53		-	-	-	-	-	359,436.05	-
R		-		-	-	-	-	-	-	-
Total		167,267,158.08		902,843.43	-	-	-	902,843.43	1,262,279.48	-

Page 7 of 27 © COPYRIGHT 2001 Deutsche Bank