EXHIBIT 20
                              OFFICER'S CERTIFICATE


     I, James Ransom, Chief Accounting Officer of Trans-World Insurance Company
d/b/a Educaid, an Arizona corporation (the "Company") do hereby certify that:

     1. The Company (as Master Servicer and Administrator under the following
Sale and Servicing Agreements):

     A.   Educaid Student Loan Trust 1994-I, Asset Backed Notes Series 1994-1
          First Supplemental Sales and Servicing Agreement Dated as of May 2,
          1994;

     B.   Educaid Student Loan Trust 1994-I, Asset Backed Notes Series 1994-2
          Second Supplemental Sales and Servicing Agreement Dated as of December
          22, 1994;

     C.   ClassNotes Trust 1995-I, f/k/a Education Loan Alliance, Asset Backed
          Notes Series Series 1995-1, Sales and Servicing Agreement dated March
          17, 1995;

     D.   ClassNotes Trust 1995-I, Asset Backed Notes Series 1995-2, first
          Supplemental Sales and Servicing Agreement dated December 31, 1995;

     E.   ClassNotes Trust 1995-I, Asset Backed Notes Series 1996-1, Second
          Supplemental Sales and Servicing Agreement dated March 27, 1996;

     F.   ClassNotes Trust 1995-I, Asset Backed Notes Series 1996-2, Third
          Supplemental Sales and Servicing Agreement dated December 27, 1996.

     G.   ClassNotes Trust 1997-I, Asset Backed Notes Series 1997-1, first
          Supplemental Sales and Servicing Agreement dated February 27, 1997.

     H.   ClassNotes Trust 1997-I, Asset Backed Notes Series 1997-2, Second
          Supplemental Sales and Servicing Agreement dated December 24, 1997.

     I.   ClassNotes Trust 1998-I, Asset Backed Notes Series 1998-1, Third
          Supplemental Sales and Servicing Agreement dated March 17, 1998

has fulfilled all of its obligations pursuant to the above-referenced
agreements, as described in Section 4.8 (annual Statement as to Compliance;
Notice of Default) for the period of January 1, 1998 through December 31, 1998,
and for those transactions which closed in 1998, from their closing dates
through December 31, 1998.

     The Company has provided this Officer's Certificate to those parties listed
in Section 4.8 of the respective Sale and Purchase Agreements.

     IN WITNESS WHEREOF, the undersigned has executed this Certificate as of
March 25, 1999.


                                        By:  /s/ JAMES RANSOM
                                             ------------------------------
                                             James Ransom
                                             Chief Accounting Officer