EXHIBIT 23.1

                         INDEPENDENT AUDITORS' CONSENT

The Board of Directors
Ambac Assurance Corporation:

We consent to the incorporation by reference in the registration statement
(No. 333-81254) of BAS Securitization LLC (the "Registrant"), and in the
Preliminary Prospectus Supplement of the Registrant (the "Preliminary Prospectus
Supplement"), via the Form 8-K of the Registrant dated April 4, 2002 of our
report dated January 23, 2002 on the consolidated financial statements of Ambac
Assurance Corporation and subsidiaries as of December 31, 2001 and December 31,
2000, and for each of the years in the three-year period ended December 31,
2001, which report appears in the Annual Report on Form 10-K of Ambac Financial
Group, Inc. which was filed with the Securities and Exchange Commission on
March 26, 2002, and to the reference to our firm under the heading "Experts" in
the Preliminary Prospectus Supplement.


KPMG LLP
New York, New York
April 4, 2002