Aames Capital 8-K Other events

Aames 2001-4

Mortgage Pass-Through Certificates

Series 2001-4

Prepayment Report for May 28, 2002 Distribution

Prepayment Report - Voluntary Prepayments

VOLUNTARY PREPAYMENTS		TOTAL
	Current
	Number of Paid in Full Loans	35
	Number of Repurchased Loans	-
	Total Number of Loans Prepaid in Full	35
	Paid in Full Balance	2,920,349.11
	Repurchased Loans Balance	-
	Curtailments Amount	30,916.99
	Total Prepayment Amount	2,951,266.10
	Cumulative
	Number of Paid in Full Loans	97
	Number of Repurchased Loans	-
	Total Number of Loans Prepaid in Full	97
	Paid in Full Balance	9,144,100.38
	Repurchased Loans Balance	-
	Curtailments Amount	137,978.37
	Total Prepayment Amount	9,282,078.75
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 for May 28, 2002 Distribution

Prepayment Report - Voluntary Prepayments

VOLUNTARY PREPAYMENT RATES		TOTAL
	SMM	1.30%
	3 Months Avg SMM	0.90%
	12 Months Avg SMM
	Avg SMM Since Cut-off	0.81%
	CPR	14.49%
	3 Months Avg CPR	10.24%
	12 Months Avg CPR
	Avg CPR Since Cut-off	9.25%
	PSA	1240.23%
	3 Months Avg PSA Approximation	1056.70%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation	1201.26%

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 for May 28, 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 Avg 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.

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