Aames Capital 8-K Other events

Aames 2001-3

Mortgage Pass-Through Certificates

Series 2001-3

Collateral Report for May 28, 2002 Distribution

Collateral Report

COLLATERAL		GROUP 2	GROUP 1	TOTAL
	Loan Count:
	Original	57	1971	2028
	Prior	50	1,883	1,933
	Prefunding	-	-	-
	Scheduled Paid Offs	-	-	-
	Full Voluntary Prepayments	-	(37)	(37)
	Repurchases	-	-	-
	Liquidations	-	-	-
	Current	50	1,846	1,896
	Principal Balance:
	Original	18,927,869.30	156,080,445.17	175,008,314.47
	Prior	16,483,470.28	147,537,177.72	164,020,648.00
	Prefunding	-	-	-
	Scheduled Principal	(9,996.59)	(109,663.08)	(119,659.67)
	Partial and Full Voluntary Prepayments	(222.83)	(3,570,197.59)	(3,570,420.42)
	Repurchases	-	-	-
	Liquidations	-	-	-
	Current	16,473,250.86	143,857,317.05	160,330,567.91
PREFUNDING		GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK

         Current Prin Balance by Groups (in millions of dollars) Total Current Principal Balance (in millions of dollars)

Page 12 of 27 © COPYRIGHT 2002 Deutsche Bank

Aames 2001-3

Mortgage Pass-Through Certificates

Series 2001-3

Collateral Report for May 28, 2002 Distribution

Collateral Report

CHARACTERISTICS		GROUP 2	GROUP 1	TOTAL
	Weighted Average Coupon Original	9.193687%	10.003105%	9.915564%
	Weighted Average Coupon Prior	9.114435%	10.001248%	9.911517%
	Weighted Average Coupon Current	9.076703%	9.997958%	9.905376%
	Weighted Average Months to Maturity Original	354	332	334
	Weighted Average Months to Maturity Prior	340	319	321
	Weighted Average Months to Maturity Current	329	318	319
	Weighted Avg Remaining Amortization Term Original	354	331	334
	Weighted Avg Remaining Amortization Term Prior	347	324	327
	Weighted Avg Remaining Amortization Term Current	346	323	326
	Weighted Average Seasoning Original	2.48	2.31	2.33
	Weighted Average Seasoning Prior	8.50	8.30	8.32
	Weighted Average Seasoning Current	9.50	9.30	9.32

 WAC by Groups Total WAC

WARAT by Groups Total WARAT

Page 13 of 27 © COPYRIGHT 2002 Deutsche Bank

Aames 2001-3

Mortgage Pass-Through Certificates

Series 2001-3

Collateral Report for May 28, 2002 Distribution

Collateral Report

ARM CHARACTERISTICS		GROUP 2	GROUP 1	TOTAL
	Weighted Average Margin Original	0.182%	0.146%
	Weighted Average Margin Prior	0.204%	0.147%
	Weighted Average Margin Current	0.208%	0.136%
	Weighted Average Max Rate Original	0.429%	0.369%
	Weighted Average Max Rate Prior	0.481%	0.373%
	Weighted Average Max Rate Current	0.491%	0.345%
	Weighted Average Min Rate Original	0.271%	0.239%
	Weighted Average Min Rate Prior	0.304%	0.241%
	Weighted Average Min Rate Current	0.310%	0.224%
	Weighted Average Cap Up Original	0.079%	0.066%
	Weighted Average Cap Up Prior	0.030%	0.022%
	Weighted Average Cap Up Current	0.030%	0.021%
	Weighted Average Cap Down Original	0.026%	0.022%
	Weighted Average Cap Down Prior	0.030%	0.022%
	Weighted Average Cap Down Current	0.030%	0.021%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES		GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees	870.27	12,081.35	12,951.62
	Delinquent Servicing Fees	5,997.84	49,374.04	55,371.88
	Trustee Fees	206.04	1,844.21	2,050.26
	TOTAL SERVICING FEES	7,074.15	63,299.60	70,373.76
	Total Servicing Fees	7,074.15	63,299.60	70,373.76
	Compensating Month End Interest	0.00	17,794.51	17,794.51
	Delinquent Servicing Fees	(5,997.84)	(49,374.04)	(55,371.88)
	COLLECTED SERVICING FEES	1,076.31	31,720.07	32,796.39
	Prepayment Interest Shortfall	0.00	17,794.51	17,794.51
	Total Advanced Interest	103,072.72	949,116.76	1,052,189.48
ADDITIONAL COLLATERAL INFORMATION		GROUP 2	GROUP 1	TOTAL
	Net Rate	8.561799%	9.474733%	9.380933%

Page 14 of 27 © COPYRIGHT 2002 Deutsche Bank