EXHIBIT 13
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
CLASSNOTES TRUST 1995 - I
CLASS A-7 Year End Statement for Series 1996-1
12/31/96
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-7 NOTES 27,650,000.00
Per $50,000 original principal amount of the Notes 9,095.394737
(ii) Amount of Interest being paid or distributed in
respect of the Notes
CLASS A-7 NOTES 5,872,650.99
Per $50,000 original principal amount of the Notes 2,361.339361
(iii) (A) Amount of Noteholders' Auction Rate
Interest Carryover being paid or distributed
in respect of the Notes
CLASS A-7 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-7 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 620,129,188.60
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-7 NOTES 124,350,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-7 NOTES
PERIOD 1 5.556720%
PERIOD 2 5.545000%
PERIOD 3 5.787190%
CURRENT RATE (Based on Auction) 5.646560%
2. NET LOAN RATE
PERIOD 1 6.637500%
PERIOD 2 6.665000%
PERIOD 3 6.544000%
(vii) (a) Service Fee for related Collection Period (Pro Rata)
416,037.50
Per $50,000 original principal amount of the Notes 136.854441
(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) 14,777.73
Per $50,000 original principal amount of the Notes 4.861095
2. Auction Agent Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 9,635.82
Per $50,000 original principal amount of the Notes 3.169678
5. Surety Provider Fee (Pro Rata) 32,205.32
Per $50,000 original principal amount of the Notes 10.593855
(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 2,145,545.18
(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 30,048,367.53
(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) Parity Percentage Numerator 692,253,979.86
as of 12/31/96 Denominator 685,371,402.84 101.00%
(xix) 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) 254,451.25
(xx) 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
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
CLASSNOTES TRUST 1995 - I
CLASS A-8 Year End Statement for Series 1996-1
12/31/96
(i) Amount of Principal being paid or distributed in
respect of the Notes
CLASS A-8 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-8 NOTES 1,928,686.83
Per $50,000 original principal amount of the Notes 1,890.869441
(iii) (A) Amount of Noteholders' Auction Rate
Interest Carryover being paid or distributed
in respect of the Notes
CLASS A-8 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-8 NOTES 0.00
Per $50,000 original principal amount of the Notes 0.000000
(iv) Pool Balance at end of preceding Collection Period 620,129,188.60
(v) Outstanding Principal amount after giving effect to
distributions on this Note Distribution Date:
CLASS A-8 NOTES 51,000,000.00
(vi) Applicable Interest Rate:
(a) In general:
1. Auction Rate for the prior Interest Period:
CLASS A-8 NOTES
PERIOD 1 5.340000%
PERIOD 2 5.550000%
PERIOD 3 5.750000%
CURRENT RATE (Based on Auction) 5.400000%
2. NET LOAN RATE
PERIOD 1 6.637500%
PERIOD 2 6.665000%
PERIOD 3 6.544000%
(vii) (a) Service Fee for related Collection Period (Pro Rata) 146,453.03
Per $50,000 original principal amount of the Notes 143.581402
(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) 5,185.00
Per $50,000 original principal amount of the Notes 5.083333
2. Auction Agent Fee (Pro Rata) 94,077.30
Per $50,000 original principal amount of the Notes 92.232647
3. Indenture Trustee Fee (Pro Rata) 2,500.00
Per $50,000 original principal amount of the Notes 2.450980
4. Eligible Lender Trustee Fee (Pro Rata) 3,368.28
Per $50,000 original principal amount of the Notes 3.302235
5. Surety Provider Fee (Pro Rata) 29,863.35
Per $50,000 original principal amount of the Notes 29.277794
(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 2,145,545.18
(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 30,048,367.53
(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) Parity Percentage Numerator 692,253,979.86
as of 12/31/96 Denominator 685,371,402.84 101.00%
(xix) 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) 254,451.25
(xx) 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