EXHIBIT 13
SERVICER'S CERTIFICATE
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
CLASSNOTES TRUST 1997 - I
CLASS A-1 Year End Statement for Series 1997-1 for year ending 12/31/97
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 14,500,000.00
Per $50,000 original principal amount of the Notes 9,235.668790
(ii) Amount of Interest being paid or distributed in
respect of the Notes
CLASS A-1 NOTES 3,767,414.25
Per $50,000 original principal amount of the Notes 2399.626911
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover
being paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest
Carryover to be paid or distributed in respect of the Notes
CLASS A-1 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period
518,719,120.01
(v) Outstanding Principal amount after giving effect to distributions on
this Note Distribution Date:
CLASS A-1 NOTES 78,500,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-1 NOTES
PERIOD 1 5.600000%
PERIOD 2 5.750000%
PERIOD 3 5.699000%
CURRENT RATE (Based on Auction) 6.580000%
2. NET LOAN RATE
PERIOD 1 6.596000%
PERIOD 2 6.590000%
PERIOD 3 6.787500%
(vii) (a) Service Fee for related Collection Period
(Pro Rata) 282,880.25
Per $50,000 original principal amount of the Notes 180.178503
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
Administration Fee (Pro Rata) 10,327.51
Per $50,000 original principal amount of the Notes 6.578032
2. Auction Agent Fee (Pro Rata) 184,558.29
Per $50,000 original principal amount of the Notes 117.553051
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.00
4. Eligible Lender Trustee Fee (Pro Rata) 7,554.24
Per $50,000 original principal amount of the Notes 4.811618
5. Surety Provider Fee (Pro Rata) 56,055.92
Per $50,000 original principal amount of the Notes 35.704408
(ix) Amount of payments to the Surety Provider in reimbursement of prior
draws under any Note
Surety Bond or the Certificate Surety Bond 0.00
(x) Aggregate amount of Realized losses for the
related Collection period 0.00
(xi) Aggregate amount received with respect to Financed Student
Loans for which Realized Losses were allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii ) Amount of any draw required to be made under a Note Surety
bond (together with any other information required to make
such draw) 0.00
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account
13,629,220.11
(xv) Aggregate amount if any paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period
to be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class___ Notes
have been paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during
the preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 5,020,940.92
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 1,557,312.92
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 1,472,987.63
(d) Number of Financed Student Loans that are more than 181
days Delinquent 240,353.99
(e) Number of Financed Student Loans for which claims have been
filed with the appropriate Guarantor and which are
awaiting payment 241,303.36
(xix) Parity Percentage Numerator 566,176,476.57
as of 12/31/97 Denominator 565,384,939.16
100.14%
(xx) Excess of amounts deposited into the Collection Account with respect
to the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings)
42,856.71
(xxi) Amount of Additional Principal Payments, if any, made on
such Distribution Date 0.00
The Money Store, Inc.
By: /S/ HARRY PUGLISI
Harry Puglisi
Treasurer
CLASS A-2 Year End Statement for Series 1997-1 for year ending 12/31/97
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes
0.000000
(ii) Amount of Interest being paid or distributed in
respect of the Notes
CLASS A-2 NOTES 4,176,599.00
Per $50,000 original principal amount of the Notes
2,245.483333
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover
being paid or distributed in respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes
0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest
Carryover to be paid or distributed in respect of the Notes
CLASS A-2 NOTES 0.00
Per $50,000 original principal amount of the Notes
0.000000
(iv) Pool Balance at end of preceding Collection Period 0.00
(v) Outstanding Principal amount after giving effect to distributions on
this Note Distribution Date:
CLASS A-2 NOTES
93,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-2 NOTES
PERIOD 1 5.645000%
PERIOD 2 5.597000%
PERIOD 3 5.620000%
CURRENT RATE (Based on Auction) 5.690000%
2. NET LOAN RATE
PERIOD 1 6.596000%
PERIOD 2 6.590000%
PERIOD 3 6.787500%
(vii) (a) Service Fee for related Collection Period (Pro Rata)
293,040.67
Per $50,000 original principal amount of the Notes
157.548747
(b) Service Fee Carryover for related Collection Period
1. Distribu 0.00
Per $50,000 original principal amount of the Notes
0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes
0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata)
10,888.75
Per $50,000 original principal amount of the Notes
5.854167
2. Auction Agent Fee (Pro Rata)
197,637.91
Per $50,000 original principal amount of the Notes
106.256941
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.00
4. Eligible Lender Trustee Fee (Pro Rata)
7,876.01 Per $50,000 original principal amount of the Notes
4.234414
5. Surety Provider Fee (Pro Rata)
59,106.68
Per $50,000 original principal amount of the Notes
31.777785
(ix) Amount of payments to the Surety Provider in reimbursement of prior
draws under any Note
Surety Bond or the Certificate Surety Bond 0.00
(x) Aggregate amount of Realized losses for the
related Collection period 0.00
(xi) Aggregate amount received with respect to Financed
Student Loans for which Realized Losses were
allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii ) Amount of any draw required to be made under a Note Surety
bond (together with any other information required to make
such draw) 0.00
(xiv) (a) Portion (if any) of the distribution attributable
to amounts on deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account
13,629,220.11
(xv) Aggregate amount if any paid by the Eligible Lender
Trustee for Additional Financed Student Loans during
the preceding collection period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period
to be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class___ Notes
have been paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during
the preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
5,020,940.92
Delinquent
(b) Number of Financed Student Loans that are 61 to 90 days
1,557,312.92
Delinquent
(c) Number of Financed Student Loans that are 91 to 180 days
1,472,987.63
Delinquent
(d) Number of Financed Student Loans that are more than 181 days
240,353.99
Delinquent
(e) Number of Financed Student Loans for which claims have been
filed with the appropriate Guarantor and which are
awaiting payment 241,303.36
(xix) Parity Percentage Numerator 566,176,476.57
as of 12/31/97 Denominator 565,384,939.16
101.14%
(xx) Excess of amounts deposited into the Collection Account with respect
to the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings)
42,856.71
(xxi) Amount of Additional Principal Payments, if any, made on
such Distribution Date 0.00
The Money Store, Inc.
By: /S/ HARRY PUGLISI
Harry Puglisi
Treasurer
CLASS A-3 Year End Statement for Series 1997-1 for year ending 12/31/97
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.00
(ii) Amount of Interest being paid or distributed in
respect of the Notes
CLASS A-3 NOTES 3,943,484,.31
Per $50,000 original principal amount of the Notes 2,075.518058
(iii) (A) Amount of Noteholders' Auction Rate Interest Carryover
being paid or distributed in respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(B) Remaining Amount of Noteholders' Auction Rate Interest
Carryover to be paid or distributed in respect of the Notes
CLASS A-3 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 518,719,120.01
(v) Outstanding Principal amount after giving effect to distributions on
this Note Distribution Date:
CLASS A-3 NOTES 95,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-3 NOTES
PERIOD 1 5.63000%
PERIOD 2 5.59700%
PERIOD 3 5.70000%
CURRENT RATE (Based on Auction) 5.942000%
2. NET LOAN RATE
PERIOD 1 6.5960%
PERIOD 2 6.5900%
PERIOD 3 6.7875%
(vii) (a) Service Fee for related Collection Period (Pro Rata) 299,342.62
Per $50,000 original principal amount of the Notes 157.548747
(b) Service Fee Carryover for related Collection Period
1. Distributed 0.00
Per $50,000 original principal amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 11,122.92
Per $50,000 original principal amount of the Notes 5.854168
2. Auction Agent Fee (Pro Rata) 201888.20 Per $50,000
original principal amount of the Notes 106.256947
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.00
4. Eligible Lender Trustee Fee (Pro Rata) 8045.39
Per $50,000 original principal amount of the Notes 4.234416
5. Surety Provider Fee (Pro Rata) 60,377.74 Per $50,000
original principal amount of the Notes 31.777758
(ix) Amount of payments to the Surety Provider in reimbursement of prior
draws under any Note
Surety Bond or the Certificate Surety Bond 0.00
(x) Aggregate amount of Realized losses for the
related Collection period 0.00
(xi) Aggregate amount received with respect to Financed Student Loans for
which Realized Losses were
allocated previously 0.00
(xii) (a) Amount of the distribution attributable to amounts
in the Reserve Account 0.00
(b) Amount of any other withdrawals from the Reserve
Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii ) Amount of any draw required to be made under a Note Surety
bond (together with any other information required to make
such draw) 0.00
(xiv) (a) Portion (if any) of the distribution attributable to amounts on
deposit in the Pre-Funding Account 0.00
(b) Amount in the Pre-Funding Account
13,629,220.11
(xv) Aggregate amount if any paid by the Eligible Lender Trustee for
Additional Financed Student Loans during the preceding collection
period 0.00
(xvi) Amount in the Pre-Funding Account at the end of the Funding Period
to be distributed as a payment of principal in respect of:
(a) CLASS A-1 NOTES 0.00
(b) CLASS A-1 NOTES (Only if Class___ Notes
have been paid in full) 0.00
(xvii) Aggregate amount (if any) paid for Financed Student Loans during
the preceding collection period. 0.00
(xviii) As of the end of the preceding Collection Period:
(a) Number of Financed Student Loans that are 30 to 60 days
Delinquent 5,020,940.92
(b) Number of Financed Student Loans that are 61 to 90 days
Delinquent 1,557,312.92
(c) Number of Financed Student Loans that are 91 to 180 days
Delinquent 1,472,987.63
(d) Number of Financed Student Loans that are more than 181
days Delinquent 240,353.99
(e) Number of Financed Student Loans for which claims have been
filed with the appropriate Guarantor and which are
awaiting payment 241,303.36
(xix) Parity Percentage Numerator 566,176,476.57
as of 12/31/97 Denominator 565,384,939.16
100.14%
(xx) Excess of amounts deposited into the Collection Account with respect
to the sale by the Trust of Serial Loans over the aggregate Purchase
amount of such loans (such excess to be distributed to Student
Holdings)
42,856.71
(xxi) Amount of Additional Principal Payments, if any, made on
such Distribution Date 0.00
The Money Store, Inc.
By: /S/ HARRY PUGLISI
Harry Puglisi
Treasurer