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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest Event
Reported): February 14, 2003
VANDERBILT MORTGAGE AND FINANCE, INC.
VANDERBILT ABS CORP.
CLAYTON HOMES, INC.
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(Exact name of registrant as specified in its charter)
Vanderbilt - Tennessee
Vanderbilt ABS Corp. - Del.
Clayton Homes, Inc. - Del. 333-100319 62-0997810
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
500 Alcoa Trail
Maryville, Tennessee 37804
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (865) 380-3000
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Item 5. Other Events
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Filing of Computational Materials.
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In connection with the offering of the Vanderbilt Mortgage and
Finance, Inc. ("Vanderbilt") Manufactured Housing Contract Senior/Subordinate
Pass-Through Certificates, Series 2003-A (the "Certificates"), Bear, Stearns &
Co. Inc. and Credit Suisse First Boston Corporation, as the underwriters of
the Certificates (the "Underwriters") have provided certain materials (the
"Computational Materials") for distribution to potential investors. Although
the Company provided the Underwriters with certain information regarding the
characteristics of the collateral in the related portfolio, it did not
participate in the preparation of the Computational Materials. Concurrently
with the filing hereof, pursuant to Rule 311(h) of Regulation S-T, the Company
is filing the Computational Materials by paper filing on Form SE.
For purposes of this Form 8-K, Computational Materials shall mean
computer generated tables and/or charts displaying, with respect to any Class
or Classes of Certificates, any of the following: yield; average life;
duration; expected maturity; interest rate sensitivity; loss sensitivity; cash
flow characteristics; background information regarding the Contracts; the
proposed structure; decrement tables; or similar information (tabular or
otherwise) of a statistical, mathematical, tabular or computational nature.
The Computational Materials provided by Bear, Stearns & Co. Inc. and Credit
Suisse First Boston Corporation are attached hereto as Exhibit 99.1.
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 Computational Materials
Filed in accordance with Rule 311(h) of Regulation S-T on
Form SE dated February 14, 2003.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrants have duly caused this report to be signed on their behalf by
the undersigned hereunto duly authorized.
VANDERBILT MORTGAGE AND FINANCE, INC.
By /s/ David Jordan
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Name: David Jordan
Title: Secretary
VANDERBILT ABS CORP.
By /s/ David Jordan
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Name: David Jordan
Title: Secretary
CLAYTON HOMES, INC.
By /s/ Amber Krupacs
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Name: Amber Krupacs
Title: Vice President
Dated: February 19, 2003
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Exhibit Index
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Exhibit
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99.1 Computational Materials
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Exhibit 99.1
Computational Materials
In accordance with Rule 311(h) of Regulation S-T, the Computational Materials
are being filed on paper on Form SE dated February 14, 2003.