Aames Capital 8-K Other events

Aames 2001-4

Mortgage Pass-Through Certificates

Series 2001-4

Prepayment Report forApril 25, 2002 Distribution

Prepayment Report - Voluntary Prepayments

VOLUNTARY PREPAYMENTS		TOTAL
	Current
	Number of Paid in Full Loans	22
	Number of Repurchased Loans	-
	Total Number of Loans Prepaid in Full	22
	Paid in Full Balance	2,233,083.96
	Repurchased Loans Balance	-
	Curtailments Amount	64,409.59
	Total Prepayment Amount	2,297,493.55
	Cumulative
	Number of Paid in Full Loans	62
	Number of Repurchased Loans	-
	Total Number of Loans Prepaid in Full	62
	Paid in Full Balance	6,223,751.27
	Repurchased Loans Balance	-
	Curtailments Amount	107,061.38
	Total Prepayment Amount	6,330,812.65
SPACE INTENTIONALLY LEFT BLANK

Total Prepayments by Groups (in thousands of dollars)

Total Prepayments (in thousands of dollars)

Page 17 of 25 © COPYRIGHT 2002 Deutsche Bank

Aames 2001-4

Mortgage Pass-Through Certificates

Series 2001-4

Prepayment Report forApril 25, 2002 Distribution

Prepayment Report - Voluntary Prepayments

VOLUNTARY PREPAYMENT RATES		TOTAL
	SMM	1.00%
	3 Months Avg SMM	0.83%
	12 Months Avg SMM
	Avg SMM Since Cut-off	0.68%
	CPR	11.34%
	3 Months Avg CPR	9.48%
	12 Months Avg CPR
	Avg CPR Since Cut-off	7.89%
	PSA	1170.63%
	3 Months Avg PSA Approximation	1231.23%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation	1176.87%

CPR by Groups

Total CPR

PSA by Groups

Total PSA

Page 18 of 25 © COPYRIGHT 2002 Deutsche Bank

Aames 2001-4

Mortgage Pass-Through Certificates

Series 2001-4

Prepayment Report forApril 25, 2002 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 19 of 25 © COPYRIGHT 2002 Deutsche Bank