UNITED STATES 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): January 25, 2002 BEAR STEARNS ASSET BACKED SECURITIES INC., (as depositor under the Pooling and Servicing Agreement, dated June 1, 2001 providing for the issuance of ABFS Mortgage Loan Trust 2001-2 Mortgage Pass-Through Certificates, Series 2001-2.) BEAR STEARNS ASSET BACKED SECURITIES INC. (Exact name of registrant as specified in its charter) Delaware 333-56242-15 13-3836437 (State or other (Commission File Number) (IRS Employer jurisdiction of Identification No.) incorporation) 245 Park Avenue New York, New York 10167 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code : (212) 272-4095 N/A (Former name or former address, if changed since last report.) <page> Item 5. Other Events. This report and the attached exhibits are being filed pursuant to "no-action" positions taken by the Securities and Exchange Commission with respect to alternative means of satisfying the Registrant's reporting obligations under the Securities Exchange Act of 1934, as amended, with respect to the Registrant's ABFS Mortgage Loan Trust 2001-2 Mortgage Pass-Through Certificates, Series 2001-2 (the "Certificates"). The Certificates were issued, and this report and exhibits are being filed, pursuant to the terms of the Pooling and Servicing Agreement, dated as of June 1, 2001 ( the "Agreement"), among Bear Stearns Asset Backed Securities Inc., as Depositor, American Business Credit Inc., as Servicer, and JPMorgan Chase Bank, as Trustee and Collateral Agent. On January 25, 2002, February 25, 2002, March 25, 2002, April 25, 2002, May 28, 2002, and June 25, 2002 distributions were made to the Certificateholders. Specific information with respect to these distributions is filed as Exhibits 99.1, 99.2, 99.3, 99.4, 99.5 and 99.6. No other reportable transactions or matters have occurred during the current reporting period. Item 7. Financial Statements and Exhibits. (a) Not applicable (b) Not applicable (c) The following exhibit is filed as part of this report: Statement to Certificateholders on January 25, 2002 as Exhibit 99.1. Statement to Certificateholders on February 25, 2002 as Exhibit 99.2. Statement to Certificateholders on March 25, 2002 as Exhibit 99.3. Statement to Certificateholders on April 25, 2002 as Exhibit 99.4. Statement to Certificateholders on May 28, 2002 as Exhibit 99.5. Statement to Certificateholders on June 25, 2002 as Exhibit 99.6. -2- <page> BEAR STEARNS ASSET BACKED SECURITIES INC. ABFS Mortgage Loan Trust 2001-2 Mortgage Pass-Through Certificates, Series 2001-2 - ------------------------------------------------------------------------------- SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. JPMorgan Chase Bank, not in its individual capacity but solely as Trustee and Collateral Agent under the Agreement referred to herein Date: January 2, 2003 By: /s/ Jennifer H McCourt ----------------------------- Jennifer H McCourt Vice President -3- <page> Exhibit 99.1 ABFS MORTGAGE LOAN TRUST 2001-2 STATEMENT TO CERTIFICATEHOLDERS January 25, 2002 <table> <s> <c> <c> - ----------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTION IN DOLLARS - ----------------------------------------------------------------------------------------------------------------------------------- ORIGINAL BEGINNING ENDING FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE - ---------------------------------------------------------------------------------------------------------------------------------- A1 275,000,000.00 257,246,845.07 5,359,597.13 1,359,120.83 6,718,717.96 0.00 0.00 251,887,247.94 A2 32,798,000.00 26,467,686.72 3,145,905.55 45,656.76 3,191,562.31 0.00 0.00 23,321,781.17 A3 23,278,000.00 23,278,000.00 0.00 112,898.30 112,898.30 0.00 0.00 23,278,000.00 A4 23,924,000.00 23,924,000.00 0.00 139,357.30 139,357.30 0.00 0.00 23,924,000.00 TOTALS 355,000,000.00 330,916,531.79 8,505,502.68 1,657,033.19 10,162,535.87 0.00 0.00 322,411,029.11 AIO 35,500,000.00 35,500,000.00 0.00 236,666.67 236,666.67 0.00 0.00 35,500,000.00 X 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - --------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE - ------------------------------------------------------------------------------------------------------ BEGINNING ENDING CLASS CUSIP PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL - ------------------------------------------------------------------------------------------------------- A1 00079CAB5 935.44307298 19.48944411 4.94225756 24.43170167 915.95362887 A2 00079CAC3 806.99087505 95.91760321 1.39205927 97.30966248 711.07327185 A3 00079CAD1 1,000.00000000 0.00000000 4.85000000 4.85000000 1,000.00000000 A4 00079CAE9 1,000.00000000 0.00000000 5.82500000 5.82500000 1,000.00000000 TOTALS 932.15924448 23.95916248 4.66769913 28.62686161 908.20008200 AIO 00079CAF6 1,000.00000000 0.00000000 6.66666676 6.66666676 1,000.00000000 - -------------------------------------------------------------------------------------------------------- - -------------------------------------------------- PASS-THROUGH RATES - -------------------------------------------------- CLASS PREVIOUS CURRENT NEXT ------------------------------------------------- A1 6.340000 % 6.340000 % 6.340000 % A2 3.890000 % 3.932500 % 0.000000 % A3 5.820000 % 5.820000 % 5.820000 % A4 6.990000 % 6.990000 % 6.990000 % AIO 8.000000 % 8.000000 % 8.000000 % - -------------------------------------------------- IF THERE, ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: - ------------------------------------------------------------------------------- Joseph M. Costantino JPMorgan Chase Bank - Structured Finance Services 4 New York Plaza, 6th floor New York, New York 10004 Tel: 212 623-5435 / Fax: 212 623-5931 Email: Joseph.M.Costantino@JPMorgan.com - ------------------------------------------------------------------------------- Copyright 2001 J.P. Morgan Chase & Co. All rights reserved. IF THERE, ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: - ------------------------------------------------------------------------------- Joseph M. Costantino JPMorgan Chase Bank - Structured Finance Services 4 New York Plaza, 6th floor New York, New York 10004 Tel: 212 623-5435 / Fax: 212 623-5931 Email: Joseph.M.Costantino@JPMorgan.com - ------------------------------------------------------------------------------- Copyright 2001 J.P. Morgan Chase & Co. All rights reserved. <page> Exhibit 99.2 ABFS MORTGAGE LOAN TRUST 2001-2 STATEMENT TO CERTIFICATEHOLDERS February 25, 2002 - ----------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTION IN DOLLARS - ----------------------------------------------------------------------------------------------------------------------------------- ORIGINAL BEGINNING ENDING FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE - ---------------------------------------------------------------------------------------------------------------------------------- A1 275,000,000.00 251,887,247.94 8,151,679.82 1,330,804.29 9,482,484.11 0.00 0.00 243,735,568.12 A2 32,798,000.00 23,321,781.17 2,385,842.32 38,157.03 2,423,999.35 0.00 0.00 20,935,938.85 A3 23,278,000.00 23,278,000.00 0.00 112,898.30 112,898.30 0.00 0.00 23,278,000.00 A4 23,924,000.00 23,924,000.00 0.00 139,357.30 139,357.30 0.00 0.00 23,924,000.00 TOTALS 355,000,000.00 322,411,029.11 10,537,522.14 1,621,216.92 12,158,739.06 0.00 0.00 311,873,506.97 AIO 35,500,000.00 35,500,000.00 0.00 236,666.67 236,666.67 0.00 0.00 35,500,000.00 X 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE - ------------------------------------------------------------------------------------------------------ BEGINNING ENDING CLASS CUSIP PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL - ------------------------------------------------------------------------------------------------------- A1 00079CAB5 915.95362887 29.64247207 4.83928833 34.48176040 886.31115680 A2 00079CAC3 711.07327185 72.74353070 1.16339502 73.90692573 638.32974114 A3 00079CAD1 1,000.00000000 0.00000000 4.85000000 4.85000000 1,000.00000000 A4 00079CAE9 1,000.00000000 0.00000000 5.82500000 5.82500000 1,000.00000000 TOTALS 908.20008200 29.68316096 4.56680823 34.24996918 00079CAF6 AIO 1,000.00000000 0.00000000 6.66666676 6.66666676 1,000.00000000 - --------------------------------------------------------------------------------------------------------- - -------------------------------------------------- PASS-THROUGH RATES - -------------------------------------------------- CLASS PREVIOUS CURRENT NEXT ------------------------------------------------- A1 6.340000 % 6.340000 % 6.340000 % A2 3.890000 % 3.932500 % 0.000000 % A3 5.820000 % 5.820000 % 5.820000 % A4 6.990000 % 6.990000 % 6.990000 % AIO 8.000000 % 8.000000 % 8.000000 % - -------------------------------------------------- IF THERE, ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: - ------------------------------------------------------------------------------- Joseph M. Costantino JPMorgan Chase Bank - Structured Finance Services 4 New York Plaza, 6th floor New York, New York 10004 Tel: 212 623-5435 / Fax: 212 623-5931 Email: Joseph.M.Costantino@JPMorgan.com - ------------------------------------------------------------------------------- Copyright 2001 J.P. Morgan Chase & Co. All rights reserved. <page> Exhibit 99.3 ABFS MORTGAGE LOAN TRUST 2001-2 STATEMENT TO CERTIFICATEHOLDERS March 25, 2002 - ----------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTION IN DOLLARS - ----------------------------------------------------------------------------------------------------------------------------------- ORIGINAL BEGINNING ENDING FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE - ---------------------------------------------------------------------------------------------------------------------------------- A1 275,000,000.00 243,735,568.12 5,926,952.09 1,287,736.25 7,214,688.34 0.00 0.00 237,808,616.03 A2 32,798,000.00 20,935,938.85 2,387,876.81 32,404.18 2,420,280.99 0.00 0.00 18,548,062.04 A3 23,278,000.00 23,278,000.00 0.00 112,898.30 112,898.30 0.00 0.00 23,278,000.00 A4 23,924,000.00 23,924,000.00 0.00 139,357.30 139,357.30 0.00 0.00 23,924,000.00 TOTALS 355,000,000.00 311,873,506.97 8,314,828.90 1,572,396.03 9,887,224.93 0.00 0.00 303,558,678.07 AIO 35,500,000.00 35,500,000.00 0.00 236,666.67 236,666.67 0.00 0.00 35,500,000.00 X 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - --------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE - ------------------------------------------------------------------------------------------------------ BEGINNING ENDING CLASS CUSIP PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL - ------------------------------------------------------------------------------------------------------- A1 00079CAB5 886.31115680 21.55255305 4.68267727 26.23523033 864.75860375 A2 00079CAC3 638.32974114 72.80556162 0.98799256 73.79355418 565.52417952 A3 00079CAD1 1,000.00000000 0.00000000 4.85000000 4.85000000 1,000.00000000 A4 00079CAE9 1,000.00000000 0.00000000 5.82500000 5.82500000 1,000.00000000 TOTALS 878.51692104 23.42205324 4.42928459 27.85133783 855.09486780 00079CAF6 AIO 1,000.00000000 0.00000000 6.66666676 6.66666676 1,000.00000000 - --------------------------------------------------------------------------------------------------------- - -------------------------------------------------- PASS-THROUGH RATES - -------------------------------------------------- CLASS PREVIOUS CURRENT NEXT ------------------------------------------------- A1 6.340000 % 6.340000 % 6.340000 % A2 3.890000 % 3.932500 % 0.000000 % A3 5.820000 % 5.820000 % 5.820000 % A4 6.990000 % 6.990000 % 6.990000 % AIO 8.000000 % 8.000000 % 8.000000 % - -------------------------------------------------- IF THERE, ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: - ------------------------------------------------------------------------------- Joseph M. Costantino JPMorgan Chase Bank - Structured Finance Services 4 New York Plaza, 6th floor New York, New York 10004 Tel: 212 623-5435 / Fax: 212 623-5931 Email: Joseph.M.Costantino@JPMorgan.com - ------------------------------------------------------------------------------- Copyright 2001 J.P. Morgan Chase & Co. All rights reserved. <page> Exhibit 99.4 ABFS MORTGAGE LOAN TRUST 2001-2 STATEMENT TO CERTIFICATEHOLDERS April 25, 2002 - ----------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTION IN DOLLARS - ----------------------------------------------------------------------------------------------------------------------------------- ORIGINAL BEGINNING ENDING FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE - ---------------------------------------------------------------------------------------------------------------------------------- A1 275,000,000.00 237,808,616.03 6,886,813.00 1,256,422.19 8,143,235.19 0.00 0.00 230,921,803.03 A2 32,798,000.00 18,548,062.04 2,273,518.97 32,582.76 2,306,101.73 0.00 0.00 16,274,543.07 A3 23,278,000.00 23,278,000.00 0.00 112,898.30 112,898.30 0.00 0.00 23,278,000.00 A4 23,924,000.00 23,924,000.00 0.00 139,357.30 139,357.30 0.00 0.00 23,924,000.00 TOTALS 355,000,000.00 303,558,678.07 9,160,331.97 1,541,260.55 10,701,592.52 0.00 0.00 294,398,346.10 AIO 35,500,000.00 35,500,000.00 0.00 236,666.67 236,666.67 0.00 0.00 35,500,000.00 X 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - --------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE - ------------------------------------------------------------------------------------------------------ BEGINNING ENDING CLASS CUSIP PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL - ------------------------------------------------------------------------------------------------------- A1 00079CAB5 864.75860375 25.04295636 4.56880796 29.61176433 839.71564738 A2 00079CAC3 565.52417952 69.31882950 0.99343740 70.31226691 496.20535002 A3 00079CAD1 1,000.00000000 0.00000000 4.85000000 4.85000000 1,000.00000000 A4 00079CAE9 1,000.00000000 0.00000000 5.82500000 5.82500000 1,000.00000000 TOTALS 855.09486780 25.80375203 4.34157901 30.14533104 829.29111577 00079CAF6 AIO 1,000.00000000 0.00000000 6.66666676 6.66666676 1,000.00000000 - --------------------------------------------------------------------------------------------------------- - -------------------------------------------------- PASS-THROUGH RATES - -------------------------------------------------- CLASS PREVIOUS CURRENT NEXT ------------------------------------------------- A1 6.340000 % 6.340000 % 6.340000 % A2 3.890000 % 3.932500 % 0.000000 % A3 5.820000 % 5.820000 % 5.820000 % A4 6.990000 % 6.990000 % 6.990000 % AIO 8.000000 % 8.000000 % 8.000000 % - -------------------------------------------------- IF THERE, ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: - ------------------------------------------------------------------------------- Joseph M. Costantino JPMorgan Chase Bank - Structured Finance Services 4 New York Plaza, 6th floor New York, New York 10004 Tel: 212 623-5435 / Fax: 212 623-5931 Email: Joseph.M.Costantino@JPMorgan.com - ------------------------------------------------------------------------------- Copyright 2001 J.P. Morgan Chase & Co. All rights reserved. <page> Exhibit 99.5 ABFS MORTGAGE LOAN TRUST 2001-2 STATEMENT TO CERTIFICATEHOLDERS May 28, 2002 - ----------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTION IN DOLLARS - ----------------------------------------------------------------------------------------------------------------------------------- ORIGINAL BEGINNING ENDING FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE - ---------------------------------------------------------------------------------------------------------------------------------- A1 275,000,000.00 230,921,803.03 9,515,947.50 1,220,036.86 10,735,984.36 0.00 0.00 221,405,855.53 A2 32,798,000.00 16,274,543.07 3,073,020.80 29,687.48 3,102,708.28 0.00 0.00 13,201,522.27 A3 23,278,000.00 23,278,000.00 0.00 112,898.30 112,898.30 0.00 0.00 23,278,000.00 A4 23,924,000.00 23,924,000.00 0.00 139,357.30 139,357.30 0.00 0.00 23,924,000.00 TOTALS 355,000,000.00 294,398,346.10 12,588,968.30 1,501,979.94 14,090,948.24 0.00 0.00 281,809,377.80 AIO 35,500,000.00 35,500,000.00 0.00 236,666.67 236,666.67 0.00 0.00 35,500,000.00 X 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - --------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE - ------------------------------------------------------------------------------------------------------ BEGINNING ENDING CLASS CUSIP PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL - ------------------------------------------------------------------------------------------------------- A1 00079CAB5 839.71564738 34.60344545 4.43649767 39.03994313 805.11220193 A2 00079CAC3 496.20535002 93.69537167 0.90516129 94.60053296 402.50997835 A3 00079CAD1 1,000.00000000 0.00000000 4.85000000 4.85000000 1,000.00000000 A4 00079CAE9 1,000.00000000 0.00000000 5.82500000 5.82500000 1,000.00000000 TOTALS 829.29111577 35.46188254 4.23092941 39.69281194 793.82923324 00079CAF6 AIO 1,000.00000000 0.00000000 6.66666676 6.66666676 1,000.00000000 - --------------------------------------------------------------------------------------------------------- - -------------------------------------------------- PASS-THROUGH RATES - -------------------------------------------------- CLASS PREVIOUS CURRENT NEXT ------------------------------------------------- A1 6.340000 % 6.340000 % 6.340000 % A2 3.890000 % 3.932500 % 0.000000 % A3 5.820000 % 5.820000 % 5.820000 % A4 6.990000 % 6.990000 % 6.990000 % AIO 8.000000 % 8.000000 % 8.000000 % - -------------------------------------------------- IF THERE, ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: - ------------------------------------------------------------------------------- Joseph M. Costantino JPMorgan Chase Bank - Structured Finance Services 4 New York Plaza, 6th floor New York, New York 10004 Tel: 212 623-5435 / Fax: 212 623-5931 Email: Joseph.M.Costantino@JPMorgan.com - ------------------------------------------------------------------------------- Copyright 2001 J.P. Morgan Chase & Co. All rights reserved. <page> Exhibit 99.6 ABFS MORTGAGE LOAN TRUST 2001-2 STATEMENT TO CERTIFICATEHOLDERS June 25, 2002 - ----------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTION IN DOLLARS - ----------------------------------------------------------------------------------------------------------------------------------- ORIGINAL BEGINNING ENDING FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE - ---------------------------------------------------------------------------------------------------------------------------------- A1 275,000,000.00 221,405,855.53 8,818,663.06 1,169,760.94 9,988,424.00 0.00 0.00 212,587,192.47 A2 32,798,000.00 13,201,522.27 2,458,034.12 20,330.34 2,478,364.46 0.00 0.00 10,743,488.15 A3 23,278,000.00 23,278,000.00 0.00 112,898.30 112,898.30 0.00 0.00 23,278,000.00 A4 23,924,000.00 23,924,000.00 0.00 139,357.30 139,357.30 0.00 0.00 23,924,000.00 TOTALS 355,000,000.00 281,809,377.80 11,276,697.18 1,442,346.88 12,719,044.06 0.00 0.00 270,532,680.62 AIO 35,500,000.00 35,500,000.00 0.00 236,666.67 236,666.67 0.00 0.00 35,500,000.00 X 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - --------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE - ------------------------------------------------------------------------------------------------------ BEGINNING ENDING CLASS CUSIP PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL - ------------------------------------------------------------------------------------------------------- A1 00079CAB5 805.11220193 32.06786567 4.25367615 36.32154182 773.04433625 A2 00079CAC3 402.50997835 74.94463443 0.61986524 75.56449966 327.56534392 A3 00079CAD1 1,000.00000000 0.00000000 4.85000000 4.85000000 1,000.00000000 A4 00079CAE9 1,000.00000000 0.00000000 5.82500000 5.82500000 1,000.00000000 TOTALS 793.82923324 31.76534417 4.06294896 35.82829313 762.06388907 00079CAF6 AIO 1,000.00000000 0.00000000 6.66666676 6.66666676 1,000.00000000 - --------------------------------------------------------------------------------------------------------- - -------------------------------------------------- PASS-THROUGH RATES - -------------------------------------------------- CLASS PREVIOUS CURRENT NEXT ------------------------------------------------- A1 6.340000 % 6.340000 % 6.340000 % A2 3.890000 % 3.932500 % 0.000000 % A3 5.820000 % 5.820000 % 5.820000 % A4 6.990000 % 6.990000 % 6.990000 % AIO 8.000000 % 8.000000 % 8.000000 % - -------------------------------------------------- IF THERE, ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: - ------------------------------------------------------------------------------- Joseph M. Costantino JPMorgan Chase Bank - Structured Finance Services 4 New York Plaza, 6th floor New York, New York 10004 Tel: 212 623-5435 / Fax: 212 623-5931 Email: Joseph.M.Costantino@JPMorgan.com - ------------------------------------------------------------------------------- Copyright 2001 J.P. Morgan Chase & Co. All rights reserved.