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):  October 27, 2003


                      BANC OF AMERICA ALTERNATIVE LOAN TRUST
             Mortgage Pass-Through Certificates, Series 2003-7 Trust
              (Exact name of registrant as specified in its charter)

New York (governing law of            333-105940-09       54-2123764
Pooling and Servicing Agreement)      (Commission         IRS EIN
(State or other                       File Number)
jurisdiction
of Incorporation)




       c/o Wells Fargo Bank Minnesota, N.A.
       9062 Old Annapolis Road
       Columbia, MD                                         21045
       (Address of principal executive offices)             (Zip Code)

       Registrant's telephone number, including area code:  (410) 884-2000


       (Former name or former address, if changed since last report)


ITEM 5.  Other Events

 On October 27, 2003 a distribution was made to holders of BANC OF AMERICA
 ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2003-7
 Trust.



ITEM 7.  Financial Statements and Exhibits

      (c)  Exhibits furnished in accordance with Item 601(a) of Regulation S-K


           Exhibit Number               Description

           EX-99.1                      Monthly report distributed to holders of
                                        Mortgage Pass-Through Certificates,
                                        Series 2003-7 Trust, relating to the
                                        October 27, 2003 distribution.



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.



                      BANC OF AMERICA ALTERNATIVE LOAN TRUST
             Mortgage Pass-Through Certificates, Series 2003-7 Trust

              By:    Wells Fargo Bank  Minnesota, N.A. as Trustee
              By:   /s/   Beth Belfield, Assistant Vice President
              By:    Beth Belfield, Assistant Vice President

              Date:  10/29/03
                                INDEX TO EXHIBITS


Exhibit Number            Description

EX-99.1                   Monthly report distributed to holders of Mortgage
                          Pass-Through Certificates, Series 2003-7 Trust,
                          relating to the October 27, 2003 distribution.





                   EX-99.1



Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates



Record Date:             9/30/03
Distribution Date:       10/27/03


BAA  Series: 2003-7

Contact: Customer Service - CTSLink
         Wells Fargo Bank Minnesota, N.A.
         Securities Administration Services
         7485 New Horizon Way
         Frederick, MD 21703
         Telephone: (301) 815-6600
         Fax:       (301) 815-6660







                                          Certificateholder Distribution Summary

                             Certificate    Certificate                  Beginning
                             Class          Pass-Through               Certificate           Interest          Principal
Class             CUSIP      Description    Rate                            Balance       Distribution       Distribution

<s>          <c>             <c>            <c>                <c>                <c>                <c>
    1-CB-1       05948KEJ4              SEN             5.50000%      99,462,905.62         455,871.64         694,356.54
   1-CB-WIO      05948KEK1              SEN             0.31666%               0.00          14,804.86               0.00
     1-AR        05948KEU9              SEN             5.50000%               0.00               0.16               0.00
     1-A-1       05948KEL9              SEN             5.50000%     115,596,471.65         529,817.15         893,116.96
     1-A-2       05948KEM7              SEN             5.50000%      26,298,000.00         120,532.50               0.00
     1-A-3       05948KEN5              SEN             5.50000%       1,311,000.00           6,008.75               0.00
     1-A-4       05948KEP0              SEN             5.50000%     129,445,471.65         593,291.73         893,116.96
     1-A-5       05948KEQ8              SEN             0.00000%         598,261.00               0.00               0.00
     1-A-6       05948KFS3              SEN             5.75000%       3,287,000.00          15,750.21               0.00
     1-A-7       05948KER6              SEN             5.75000%       1,250,000.00           5,989.58               0.00
     1-A-8       05948KES4              SEN             5.75000%       2,975,000.00          14,255.21               0.00
     1-A-9       05948KET2              SEN             5.75000%       5,649,739.00          27,071.67               0.00
    1-A-WIO      05948KEV7              SEN             0.31677%               0.00          42,160.18               0.00
     2-A-1       05948KEW5              SEN             5.00000%      57,341,635.61         238,923.48         452,588.31
     2-A-2       05948KEX3              SEN             5.00000%      64,854,635.61         270,227.64         452,588.31
     2-A-3       05948KEY1              SEN             5.00000%      24,873,000.00         103,637.50               0.00
     2-A-4       05948KEZ8              SEN             5.00000%      73,535,630.03         306,398.45         452,594.43
    2-A-WIO      05948KFA2              SEN             0.34394%               0.00          37,179.09               0.00
     A-PO        05948KFB0              PO              0.00000%      12,349,054.35               0.00          43,863.92
     1-B-1       05948KFC8              SUB             5.50000%       8,937,981.08          40,965.75           9,531.27
     1-B-2       05948KFD6              SUB             5.50000%       4,157,990.13          19,057.45           4,433.99
     1-B-3       05948KFE4              SUB             5.50000%       2,078,695.38           9,527.35           2,216.68
     1-B-4       05948KFL8              SUB             5.50000%       2,078,295.81           9,525.52           2,216.25
     1-B-5       05948KFM6              SUB             5.50000%       1,455,595.73           6,671.48           1,552.22
     1-B-6       05948KFN4              SUB             5.50000%       1,663,121.13           7,622.64           1,773.52
     2-B-1       05948KFF1              SUB             5.00000%       2,310,578.49           9,627.41           8,892.90
     2-B-2       05948KFG9              SUB             5.00000%         808,702.47           3,369.59           3,112.52
     2-B-3       05948KFH7              SUB             5.00000%         808,702.47           3,369.59           3,112.52
     2-B-4       05948KFP9              SUB             5.00000%         462,115.70           1,925.48           1,778.58
     2-B-5       05948KFQ7              SUB             5.00000%         231,057.85             962.74             889.29
     2-B-6       05948KFR5              SUB             5.00000%         346,770.07           1,444.88           1,334.64
      SES        05948KFU8              SEN             0.00000%               0.00         110,569.74               0.00
Totals                                                               644,167,410.83       3,006,559.42       3,923,069.81




                     Certificateholder Distribution Summary (continued)

                          Current             Ending                            Cumulative
                         Realized        Certificate              Total           Realized
Class                         Loss            Balance       Distribution             Losses

<s>            <c>               <c>                <c>                <c>
1-CB-1                        0.00      98,768,549.08       1,150,228.18               0.00
1-CB-WIO                      0.00               0.00          14,804.86               0.00
1-AR                          0.00               0.00               0.16               0.00
1-A-1                         0.00     114,703,354.68       1,422,934.11               0.00
1-A-2                         0.00      26,298,000.00         120,532.50               0.00
1-A-3                         0.00       1,311,000.00           6,008.75               0.00
1-A-4                         0.00     128,552,354.68       1,486,408.69               0.00
1-A-5                         0.00         598,261.00               0.00               0.00
1-A-6                         0.00       3,287,000.00          15,750.21               0.00
1-A-7                         0.00       1,250,000.00           5,989.58               0.00
1-A-8                         0.00       2,975,000.00          14,255.21               0.00
1-A-9                         0.00       5,649,739.00          27,071.67               0.00
1-A-WIO                       0.00               0.00          42,160.18               0.00
2-A-1                         0.00      56,889,047.29         691,511.79               0.00
2-A-2                         0.00      64,402,047.29         722,815.95               0.00
2-A-3                         0.00      24,873,000.00         103,637.50               0.00
2-A-4                         0.00      73,083,035.60         758,992.88               0.00
2-A-WIO                       0.00               0.00          37,179.09               0.00
A-PO                          0.00      12,305,190.43          43,863.92               0.00
1-B-1                         0.00       8,928,449.81          50,497.02               0.00
1-B-2                         0.00       4,153,556.14          23,491.44               0.00
1-B-3                         0.00       2,076,478.71          11,744.03               0.00
1-B-4                         0.00       2,076,079.56          11,741.77               0.00
1-B-5                         0.00       1,454,043.51           8,223.70               0.00
1-B-6                         0.00       1,661,347.62           9,396.16               0.00
2-B-1                         0.00       2,301,685.59          18,520.31               0.00
2-B-2                         0.00         805,589.96           6,482.11               0.00
2-B-3                         0.00         805,589.96           6,482.11               0.00
2-B-4                         0.00         460,337.12           3,704.06               0.00
2-B-5                         0.00         230,168.56           1,852.03               0.00
2-B-6                         0.00         345,435.43           2,779.52               0.00
SES                           0.00               0.00         110,569.74               0.00
Totals                        0.00     640,244,341.02       6,929,629.23               0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.




</FN>




                                                Principal Distribution Statement

                         Original            Beginning          Scheduled       Unscheduled
                             Face          Certificate          Principal         Principal                        Realized
Class                       Amount              Balance       Distribution      Distribution        Accretion       Loss (1)

<s>            <c>               <c>                  <c>                <c>               <c>              <c>
1-CB-1              100,000,000.00        99,462,905.62         106,549.56        587,806.98             0.00           0.00
1-CB-WIO                      0.00                 0.00               0.00              0.00             0.00           0.00
1-AR                        100.00                 0.00               0.00              0.00             0.00           0.00
1-A-1               116,638,000.00       115,596,471.65         152,469.34        740,647.62             0.00           0.00
1-A-2                26,298,000.00        26,298,000.00               0.00              0.00             0.00           0.00
1-A-3                 1,311,000.00         1,311,000.00               0.00              0.00             0.00           0.00
1-A-4               130,487,000.00       129,445,471.65         152,469.34        740,647.62             0.00           0.00
1-A-5                   598,261.00           598,261.00               0.00              0.00             0.00           0.00
1-A-6                 3,287,000.00         3,287,000.00               0.00              0.00             0.00           0.00
1-A-7                 1,250,000.00         1,250,000.00               0.00              0.00             0.00           0.00
1-A-8                 2,975,000.00         2,975,000.00               0.00              0.00             0.00           0.00
1-A-9                 5,649,739.00         5,649,739.00               0.00              0.00             0.00           0.00
1-A-WIO                       0.00                 0.00               0.00              0.00             0.00           0.00
2-A-1                57,754,000.00        57,341,635.61         283,016.33        169,571.98             0.00           0.00
2-A-2                65,267,000.00        64,854,635.61         283,016.33        169,571.98             0.00           0.00
2-A-3                24,873,000.00        24,873,000.00               0.00              0.00             0.00           0.00
2-A-4                73,948,000.00        73,535,630.03         283,020.16        169,574.28             0.00           0.00
2-A-WIO                       0.00                 0.00               0.00              0.00             0.00           0.00
A-PO                 12,413,176.11        12,349,054.35          29,177.79         14,686.13             0.00           0.00
1-B-1                 8,947,439.00         8,937,981.08           9,531.27              0.00             0.00           0.00
1-B-2                 4,162,390.00         4,157,990.13           4,433.99              0.00             0.00           0.00
1-B-3                 2,080,895.00         2,078,695.38           2,216.68              0.00             0.00           0.00
1-B-4                 2,080,495.00         2,078,295.81           2,216.25              0.00             0.00           0.00
1-B-5                 1,457,136.00         1,455,595.73           1,552.22              0.00             0.00           0.00
1-B-6                 1,664,881.00         1,663,121.13           1,773.52              0.00             0.00           0.00
2-B-1                 2,319,440.00         2,310,578.49           8,892.90              0.00             0.00           0.00
2-B-2                   811,804.00           808,702.47           3,112.52              0.00             0.00           0.00
2-B-3                   811,804.00           808,702.47           3,112.52              0.00             0.00           0.00
2-B-4                   463,888.00           462,115.70           1,778.58              0.00             0.00           0.00
2-B-5                   231,944.00           231,057.85             889.29              0.00             0.00           0.00
2-B-6                   348,100.00           346,770.07           1,334.64              0.00             0.00           0.00
SES                           0.00                 0.00               0.00              0.00             0.00           0.00
Totals              648,129,492.11       644,167,410.83       1,330,563.23      2,592,506.59             0.00           0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
    Please Refer to the Prospectus Supplement for a Full Description.

</FN>

 
 

                                               Principal Distribution Statement (continued)

                             Total               Ending           Ending               Total
                         Principal          Certificate      Certificate           Principal
 Class                    Reduction              Balance       Percentage        Distribution

 <s>            <c>               <c>                  <c>              <c>
 1-CB-1                  694,356.54        98,768,549.08       0.98768549          694,356.54
 1-CB-WIO                      0.00                 0.00       0.00000000                0.00
 1-AR                          0.00                 0.00       0.00000000                0.00
 1-A-1                   893,116.96       114,703,354.68       0.98341325          893,116.96
 1-A-2                         0.00        26,298,000.00       1.00000000                0.00
 1-A-3                         0.00         1,311,000.00       1.00000000                0.00
 1-A-4                   893,116.96       128,552,354.68       0.98517365          893,116.96
 1-A-5                         0.00           598,261.00       1.00000000                0.00
 1-A-6                         0.00         3,287,000.00       1.00000000                0.00
 1-A-7                         0.00         1,250,000.00       1.00000000                0.00
 1-A-8                         0.00         2,975,000.00       1.00000000                0.00
 1-A-9                         0.00         5,649,739.00       1.00000000                0.00
 1-A-WIO                       0.00                 0.00       0.00000000                0.00
 2-A-1                   452,588.31        56,889,047.29       0.98502350          452,588.31
 2-A-2                   452,588.31        64,402,047.29       0.98674747          452,588.31
 2-A-3                         0.00        24,873,000.00       1.00000000                0.00
 2-A-4                   452,594.43        73,083,035.60       0.98830307          452,594.43
 2-A-WIO                       0.00                 0.00       0.00000000                0.00
 A-PO                     43,863.92        12,305,190.43       0.99130072           43,863.92
 1-B-1                     9,531.27         8,928,449.81       0.99787770            9,531.27
 1-B-2                     4,433.99         4,153,556.14       0.99787770            4,433.99
 1-B-3                     2,216.68         2,076,478.71       0.99787770            2,216.68
 1-B-4                     2,216.25         2,076,079.56       0.99787770            2,216.25
 1-B-5                     1,552.22         1,454,043.51       0.99787769            1,552.22
 1-B-6                     1,773.52         1,661,347.62       0.99787770            1,773.52
 2-B-1                     8,892.90         2,301,685.59       0.99234539            8,892.90
 2-B-2                     3,112.52           805,589.96       0.99234539            3,112.52
 2-B-3                     3,112.52           805,589.96       0.99234539            3,112.52
 2-B-4                     1,778.58           460,337.12       0.99234539            1,778.58
 2-B-5                       889.29           230,168.56       0.99234539              889.29
 2-B-6                     1,334.64           345,435.43       0.99234539            1,334.64
 SES                           0.00                 0.00       0.00000000                0.00
 Totals                3,923,069.81       640,244,341.02       0.98783399        3,923,069.81

 



                                     Principal Distribution Factors Statement

                             Original          Beginning         Scheduled        Unscheduled
                                 Face        Certificate         Principal          Principal
Class (2)                       Amount            Balance      Distribution       Distribution          Accretion


 <s>           <c>                   <c>                <c>               <c>                <c>
1-CB-1                  100,000,000.00       994.62905620        1.06549560         5.87806980         0.00000000
1-CB-WIO                          0.00         0.00000000        0.00000000         0.00000000         0.00000000
1-AR                            100.00         0.00000000        0.00000000         0.00000000         0.00000000
1-A-1                   116,638,000.00       991.07042002        1.30720126         6.34996845         0.00000000
1-A-2                    26,298,000.00      1000.00000000        0.00000000         0.00000000         0.00000000
1-A-3                     1,311,000.00      1000.00000000        0.00000000         0.00000000         0.00000000
1-A-4                   130,487,000.00       992.01814472        1.16846383         5.67602612         0.00000000
1-A-5                       598,261.00      1000.00000000        0.00000000         0.00000000         0.00000000
1-A-6                     3,287,000.00      1000.00000000        0.00000000         0.00000000         0.00000000
1-A-7                     1,250,000.00      1000.00000000        0.00000000         0.00000000         0.00000000
1-A-8                     2,975,000.00      1000.00000000        0.00000000         0.00000000         0.00000000
1-A-9                     5,649,739.00      1000.00000000        0.00000000         0.00000000         0.00000000
1-A-WIO                           0.00         0.00000000        0.00000000         0.00000000         0.00000000
2-A-1                    57,754,000.00       992.85998563        4.90037625         2.93610798         0.00000000
2-A-2                    65,267,000.00       993.68188533        4.33628526         2.59812738         0.00000000
2-A-3                    24,873,000.00      1000.00000000        0.00000000         0.00000000         0.00000000
2-A-4                    73,948,000.00       994.42351423        3.82728620         2.29315573         0.00000000
2-A-WIO                           0.00         0.00000000        0.00000000         0.00000000         0.00000000
A-PO                     12,413,176.11       994.83437926        2.35054991         1.18310816         0.00000000
1-B-1                     8,947,439.00       998.94294669        1.06525119         0.00000000         0.00000000
1-B-2                     4,162,390.00       998.94294624        1.06525097         0.00000000         0.00000000
1-B-3                     2,080,895.00       998.94294522        1.06525317         0.00000000         0.00000000
1-B-4                     2,080,495.00       998.94294867        1.06525130         0.00000000         0.00000000
1-B-5                     1,457,136.00       998.94294699        1.06525403         0.00000000         0.00000000
1-B-6                     1,664,881.00       998.94294547        1.06525331         0.00000000         0.00000000
2-B-1                     2,319,440.00       996.17946142        3.83407202         0.00000000         0.00000000
2-B-2                       811,804.00       996.17945957        3.83407818         0.00000000         0.00000000
2-B-3                       811,804.00       996.17945957        3.83407818         0.00000000         0.00000000
2-B-4                       463,888.00       996.17946573        3.83407202         0.00000000         0.00000000
2-B-5                       231,944.00       996.17946573        3.83407202         0.00000000         0.00000000
2-B-6                       348,100.00       996.17945993        3.83407067         0.00000000         0.00000000
SES                               0.00         0.00000000        0.00000000         0.00000000         0.00000000
<FN>
(2)  All Classes are per $1,000 denomination.
</FN>







                                Principal Distribution Factors Statement (continued)

                                               Total             Ending            Ending              Total
                         Realized          Principal        Certificate       Certificate          Principal
Class                     Loss (3)          Reduction            Balance        Percentage       Distribution

<s>            <c>               <c>                <c>                <c>               <c>
1-CB-1                  0.00000000         6.94356540       987.68549080        0.98768549         6.94356540
1-CB-WIO                0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
1-AR                    0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
1-A-1                   0.00000000         7.65716970       983.41325023        0.98341325         7.65716970
1-A-2                   0.00000000         0.00000000     1,000.00000000        1.00000000         0.00000000
1-A-3                   0.00000000         0.00000000     1,000.00000000        1.00000000         0.00000000
1-A-4                   0.00000000         6.84448995       985.17365469        0.98517365         6.84448995
1-A-5                   0.00000000         0.00000000     1,000.00000000        1.00000000         0.00000000
1-A-6                   0.00000000         0.00000000     1,000.00000000        1.00000000         0.00000000
1-A-7                   0.00000000         0.00000000     1,000.00000000        1.00000000         0.00000000
1-A-8                   0.00000000         0.00000000     1,000.00000000        1.00000000         0.00000000
1-A-9                   0.00000000         0.00000000     1,000.00000000        1.00000000         0.00000000
1-A-WIO                 0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
2-A-1                   0.00000000         7.83648423       985.02350123        0.98502350         7.83648423
2-A-2                   0.00000000         6.93441264       986.74747254        0.98674747         6.93441264
2-A-3                   0.00000000         0.00000000     1,000.00000000        1.00000000         0.00000000
2-A-4                   0.00000000         6.12044180       988.30307243        0.98830307         6.12044180
2-A-WIO                 0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
A-PO                    0.00000000         3.53365808       991.30072118        0.99130072         3.53365808
1-B-1                   0.00000000         1.06525119       997.87769551        0.99787770         1.06525119
1-B-2                   0.00000000         1.06525097       997.87769527        0.99787770         1.06525097
1-B-3                   0.00000000         1.06525317       997.87769686        0.99787770         1.06525317
1-B-4                   0.00000000         1.06525130       997.87769737        0.99787770         1.06525130
1-B-5                   0.00000000         1.06525403       997.87769295        0.99787769         1.06525403
1-B-6                   0.00000000         1.06525331       997.87769817        0.99787770         1.06525331
2-B-1                   0.00000000         3.83407202       992.34538940        0.99234539         3.83407202
2-B-2                   0.00000000         3.83407818       992.34539372        0.99234539         3.83407818
2-B-3                   0.00000000         3.83407818       992.34539372        0.99234539         3.83407818
2-B-4                   0.00000000         3.83407202       992.34539372        0.99234539         3.83407202
2-B-5                   0.00000000         3.83407202       992.34539372        0.99234539         3.83407202
2-B-6                   0.00000000         3.83407067       992.34538926        0.99234539         3.83407067
SES                     0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
    Unless Otherwise Disclosed.
    Please Refer to the Prospectus Supplement for a Full Description.
</FN>









                                                Interest Distribution Statement

                                                            Beginning                           Payment of
                         Original          Current       Certificate/            Current            Unpaid            Current
                             Face      Certificate           Notional            Accrued          Interest           Interest
Class                       Amount             Rate            Balance           Interest         Shortfall          Shortfall

<s>            <c>               <c>              <c>                <c>                <c>               <c>

1-CB-1              100,000,000.00         5.50000%      99,462,905.62         455,871.65              0.00               0.00
1-CB-WIO                      0.00         0.31666%      56,104,516.91          14,804.86              0.00               0.00
1-AR                        100.00         5.50000%               0.00               0.00              0.00               0.00
1-A-1               116,638,000.00         5.50000%     115,596,471.65         529,817.16              0.00               0.00
1-A-2                26,298,000.00         5.50000%      26,298,000.00         120,532.50              0.00               0.00
1-A-3                 1,311,000.00         5.50000%       1,311,000.00           6,008.75              0.00               0.00
1-A-4               130,487,000.00         5.50000%     129,445,471.65         593,291.75              0.00               0.00
1-A-5                   598,261.00         0.00000%         598,261.00               0.00              0.00               0.00
1-A-6                 3,287,000.00         5.75000%       3,287,000.00          15,750.21              0.00               0.00
1-A-7                 1,250,000.00         5.75000%       1,250,000.00           5,989.58              0.00               0.00
1-A-8                 2,975,000.00         5.75000%       2,975,000.00          14,255.21              0.00               0.00
1-A-9                 5,649,739.00         5.75000%       5,649,739.00          27,071.67              0.00               0.00
1-A-WIO                       0.00         0.31677%     159,713,250.10          42,160.18              0.00               0.00
2-A-1                57,754,000.00         5.00000%      57,341,635.61         238,923.48              0.00               0.00
2-A-2                65,267,000.00         5.00000%      64,854,635.61         270,227.65              0.00               0.00
2-A-3                24,873,000.00         5.00000%      24,873,000.00         103,637.50              0.00               0.00
2-A-4                73,948,000.00         5.00000%      73,535,630.03         306,398.46              0.00               0.00
2-A-WIO                       0.00         0.34394%     129,716,844.90          37,179.09              0.00               0.00
A-PO                 12,413,176.11         0.00000%      12,349,054.35               0.00              0.00               0.00
1-B-1                 8,947,439.00         5.50000%       8,937,981.08          40,965.75              0.00               0.00
1-B-2                 4,162,390.00         5.50000%       4,157,990.13          19,057.45              0.00               0.00
1-B-3                 2,080,895.00         5.50000%       2,078,695.38           9,527.35              0.00               0.00
1-B-4                 2,080,495.00         5.50000%       2,078,295.81           9,525.52              0.00               0.00
1-B-5                 1,457,136.00         5.50000%       1,455,595.73           6,671.48              0.00               0.00
1-B-6                 1,664,881.00         5.50000%       1,663,121.13           7,622.64              0.00               0.00
2-B-1                 2,319,440.00         5.00000%       2,310,578.49           9,627.41              0.00               0.00
2-B-2                   811,804.00         5.00000%         808,702.47           3,369.59              0.00               0.00
2-B-3                   811,804.00         5.00000%         808,702.47           3,369.59              0.00               0.00
2-B-4                   463,888.00         5.00000%         462,115.70           1,925.48              0.00               0.00
2-B-5                   231,944.00         5.00000%         231,057.85             962.74              0.00               0.00
2-B-6                   348,100.00         5.00000%         346,770.07           1,444.88              0.00               0.00
SES                           0.00         0.00000%     644,167,411.75               0.00              0.00               0.00
Totals              648,129,492.11                                           2,895,989.58              0.00               0.00

 
 

                                      Interest Distribution Statement (continued)

                                                                                   Remaining                Ending
                     Non-Supported                                   Total            Unpaid          Certificate/
                          Interest           Realized             Interest          Interest              Notional
 Class                    Shortfall         Losses (4)         Distribution         Shortfall               Balance


 <s>            <c>               <c>                <c>                  <c>                 <c>
 1-CB-1                        0.01               0.00           455,871.64              0.00         98,768,549.08
 1-CB-WIO                      0.00               0.00            14,804.86              0.00         55,459,898.53
 1-AR                          0.00               0.00                 0.16              0.00                  0.00
 1-A-1                         0.02               0.00           529,817.15              0.00        114,703,354.68
 1-A-2                         0.00               0.00           120,532.50              0.00         26,298,000.00
 1-A-3                         0.00               0.00             6,008.75              0.00          1,311,000.00
 1-A-4                         0.02               0.00           593,291.73              0.00        128,552,354.68
 1-A-5                         0.00               0.00                 0.00              0.00            598,261.00
 1-A-6                         0.00               0.00            15,750.21              0.00          3,287,000.00
 1-A-7                         0.00               0.00             5,989.58              0.00          1,250,000.00
 1-A-8                         0.00               0.00            14,255.21              0.00          2,975,000.00
 1-A-9                         0.00               0.00            27,071.67              0.00          5,649,739.00
 1-A-WIO                       0.00               0.00            42,160.18              0.00        158,227,367.09
 2-A-1                         0.01               0.00           238,923.48              0.00         56,889,047.29
 2-A-2                         0.01               0.00           270,227.64              0.00         64,402,047.29
 2-A-3                         0.00               0.00           103,637.50              0.00         24,873,000.00
 2-A-4                         0.01               0.00           306,398.45              0.00         73,083,035.60
 2-A-WIO                       0.00               0.00            37,179.09              0.00        129,049,723.28
 A-PO                          0.00               0.00                 0.00              0.00         12,305,190.43
 1-B-1                         0.00               0.00            40,965.75              0.00          8,928,449.81
 1-B-2                         0.00               0.00            19,057.45              0.00          4,153,556.14
 1-B-3                         0.00               0.00             9,527.35              0.00          2,076,478.71
 1-B-4                         0.00               0.00             9,525.52              0.00          2,076,079.56
 1-B-5                         0.00               0.00             6,671.48              0.00          1,454,043.51
 1-B-6                         0.00               0.00             7,622.64              0.00          1,661,347.62
 2-B-1                         0.00               0.00             9,627.41              0.00          2,301,685.59
 2-B-2                         0.00               0.00             3,369.59              0.00            805,589.96
 2-B-3                         0.00               0.00             3,369.59              0.00            805,589.96
 2-B-4                         0.00               0.00             1,925.48              0.00            460,337.12
 2-B-5                         0.00               0.00               962.74              0.00            230,168.56
 2-B-6                         0.00               0.00             1,444.88              0.00            345,435.43
 SES                           0.00               0.00           110,569.74              0.00        640,244,341.94
 Totals                        0.08               0.00         3,006,559.42              0.00
 <FN>
 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
     Please Refer to the Prospectus Supplement for a Full Description.


 </FN>
 




                                               Interest Distribution Factors Statement
                                                              Beginning                           Payment of
                           Original          Current       Certificate/           Current             Unpaid            Current
                               Face      Certificate           Notional           Accrued          Interest            Interest
Class (5)                     Amount             Rate            Balance          Interest          Shortfall          Shortfall


<s>           <c>                  <c>              <c>                <c>               <c>                <c>
1-CB-1                100,000,000.00         5.50000%       994.62905620        4.55871650         0.00000000         0.00000000
1-CB-WIO                        0.00         0.31666%       994.22900797        0.26235715         0.00000000         0.00000000
1-AR                          100.00         5.50000%         0.00000000        0.00000000         0.00000000         0.00000000
1-A-1                 116,638,000.00         5.50000%       991.07042002        4.54240608         0.00000000         0.00000000
1-A-2                  26,298,000.00         5.50000%      1000.00000000        4.58333333         0.00000000         0.00000000
1-A-3                   1,311,000.00         5.50000%      1000.00000000        4.58333333         0.00000000         0.00000000
1-A-4                 130,487,000.00         5.50000%       992.01814472        4.54674987         0.00000000         0.00000000
1-A-5                     598,261.00         0.00000%      1000.00000000        0.00000000         0.00000000         0.00000000
1-A-6                   3,287,000.00         5.75000%      1000.00000000        4.79166717         0.00000000         0.00000000
1-A-7                   1,250,000.00         5.75000%      1000.00000000        4.79166400         0.00000000         0.00000000
1-A-8                   2,975,000.00         5.75000%      1000.00000000        4.79166723         0.00000000         0.00000000
1-A-9                   5,649,739.00         5.75000%      1000.00000000        4.79166737         0.00000000         0.00000000
1-A-WIO                         0.00         0.31677%       990.73553709        0.26152864         0.00000000         0.00000000
2-A-1                  57,754,000.00         5.00000%       992.85998563        4.13691658         0.00000000         0.00000000
2-A-2                  65,267,000.00         5.00000%       993.68188533        4.14034121         0.00000000         0.00000000
2-A-3                  24,873,000.00         5.00000%      1000.00000000        4.16666667         0.00000000         0.00000000
2-A-4                  73,948,000.00         5.00000%       994.42351423        4.14343133         0.00000000         0.00000000
2-A-WIO                         0.00         0.34394%       995.68835348        0.28538149         0.00000000         0.00000000
A-PO                   12,413,176.11         0.00000%       994.83437926        0.00000000         0.00000000         0.00000000
1-B-1                   8,947,439.00         5.50000%       998.94294669        4.57848888         0.00000000         0.00000000
1-B-2                   4,162,390.00         5.50000%       998.94294624        4.57848736         0.00000000         0.00000000
1-B-3                   2,080,895.00         5.50000%       998.94294522        4.57848666         0.00000000         0.00000000
1-B-4                   2,080,495.00         5.50000%       998.94294867        4.57848733         0.00000000         0.00000000
1-B-5                   1,457,136.00         5.50000%       998.94294699        4.57848821         0.00000000         0.00000000
1-B-6                   1,664,881.00         5.50000%       998.94294547        4.57848939         0.00000000         0.00000000
2-B-1                   2,319,440.00         5.00000%       996.17946142        4.15074759         0.00000000         0.00000000
2-B-2                     811,804.00         5.00000%       996.17945957        4.15074328         0.00000000         0.00000000
2-B-3                     811,804.00         5.00000%       996.17945957        4.15074328         0.00000000         0.00000000
2-B-4                     463,888.00         5.00000%       996.17946573        4.15074328         0.00000000         0.00000000
2-B-5                     231,944.00         5.00000%       996.17946573        4.15074328         0.00000000         0.00000000
2-B-6                     348,100.00         5.00000%       996.17945993        4.15076128         0.00000000         0.00000000
SES                             0.00         0.00000%       993.88689862        0.00000000         0.00000000         0.00000000
<FN>
(5)  All Classes are per $1,000 denomination.


</FN>



                                 Interest Distribution Factors Statement (continued)

                                                                                Remaining             Ending
                    Non-Supported                                 Total            Unpaid       Certificate/
                         Interest           Realized           Interest          Interest           Notional
Class                    Shortfall         Losses (6)       Distribution         Shortfall            Balance


<s>            <c>               <c>                <c>                <c>            <c>
1-CB-1                  0.00000010         0.00000000         4.55871640        0.00000000       987.68549080
1-CB-WIO                0.00000000         0.00000000         0.26235715        0.00000000       982.80571574
1-AR                    0.00000000         0.00000000         1.60000000        0.00000000         0.00000000
1-A-1                   0.00000017         0.00000000         4.54240599        0.00000000       983.41325023
1-A-2                   0.00000000         0.00000000         4.58333333        0.00000000      1000.00000000
1-A-3                   0.00000000         0.00000000         4.58333333        0.00000000      1000.00000000
1-A-4                   0.00000015         0.00000000         4.54674971        0.00000000       985.17365469
1-A-5                   0.00000000         0.00000000         0.00000000        0.00000000      1000.00000000
1-A-6                   0.00000000         0.00000000         4.79166717        0.00000000      1000.00000000
1-A-7                   0.00000000         0.00000000         4.79166400        0.00000000      1000.00000000
1-A-8                   0.00000000         0.00000000         4.79166723        0.00000000      1000.00000000
1-A-9                   0.00000000         0.00000000         4.79166737        0.00000000      1000.00000000
1-A-WIO                 0.00000000         0.00000000         0.26152864        0.00000000       981.51828617
2-A-1                   0.00000017         0.00000000         4.13691658        0.00000000       985.02350123
2-A-2                   0.00000015         0.00000000         4.14034106        0.00000000       986.74747254
2-A-3                   0.00000000         0.00000000         4.16666667        0.00000000      1000.00000000
2-A-4                   0.00000014         0.00000000         4.14343119        0.00000000       988.30307243
2-A-WIO                 0.00000000         0.00000000         0.28538149        0.00000000       990.56762126
A-PO                    0.00000000         0.00000000         0.00000000        0.00000000       991.30072118
1-B-1                   0.00000000         0.00000000         4.57848888        0.00000000       997.87769551
1-B-2                   0.00000000         0.00000000         4.57848736        0.00000000       997.87769527
1-B-3                   0.00000000         0.00000000         4.57848666        0.00000000       997.87769686
1-B-4                   0.00000000         0.00000000         4.57848733        0.00000000       997.87769737
1-B-5                   0.00000000         0.00000000         4.57848821        0.00000000       997.87769295
1-B-6                   0.00000000         0.00000000         4.57848939        0.00000000       997.87769817
2-B-1                   0.00000000         0.00000000         4.15074759        0.00000000       992.34538940
2-B-2                   0.00000000         0.00000000         4.15074328        0.00000000       992.34539372
2-B-3                   0.00000000         0.00000000         4.15074328        0.00000000       992.34539372
2-B-4                   0.00000000         0.00000000         4.15074328        0.00000000       992.34539372
2-B-5                   0.00000000         0.00000000         4.15074328        0.00000000       992.34539372
2-B-6                   0.00000000         0.00000000         4.15076128        0.00000000       992.34538926
SES                     0.00000000         0.00000000         0.17059822        0.00000000       987.83398812
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless
    Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>








                                                  Certificateholder Component Statement

                        Component          Beginning             Ending         Beginning             Ending             Ending
                     Pass-Through           Notional           Notional         Component          Component          Component
Class                         Rate            Balance            Balance           Balance            Balance         Percentage

<s>              <c>             <c>                <c>                <c>               <c>                <c>
     1-CB-APO             0.00000%               0.00               0.00      1,882,241.32       1,880,050.90       99.14589077%
      1-A-APO             0.00000%               0.00               0.00      5,374,127.86       5,362,240.72       99.26596099%
       2-APO              0.00000%               0.00               0.00      5,092,685.16       5,062,898.81       98.98069818%
     1-CB-SES             0.00000%     106,589,791.96     105,887,626.67              0.00               0.00       98.82515036%
      1-A-SES             0.00000%     306,912,106.06     305,097,879.40              0.00               0.00       98.72470458%
       2-SES              0.00000%     230,665,513.73     229,258,835.87              0.00               0.00       98.84231509%



                                                  CERTIFICATEHOLDER ACCOUNT STATEMENT

                                                          CERTIFICATE ACCOUNT

<s>                                                                                      <c>
Beginning Balance                                                                                              0.00
Deposits
     Payments of Interest and Principal                                                                6,958,348.37
     Liquidations, Insurance Proceeds, Reserve Funds                                                           0.00
     Proceeds from Repurchased Loans                                                                           0.00
     Other Amounts (Servicer Advances)                                                                         0.00
     Realized Loss (Gains, Subsequent Expenses & Recoveries)                                                   0.00

     Prepayment Penalties                                                                                      0.00
Total Deposits                                                                                         6,958,348.37

Withdrawals
     Reimbursement for Servicer Advances                                                                       0.00
     Payment of Service Fee                                                                               28,719.14
     Payment of Interest and Principal                                                                 6,929,629.23
Total Withdrawals (Pool Distribution Amount)                                                           6,958,348.37


Ending Balance                                                                                                 0.00






                                                PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<s>                                                                                       <c>
Total Prepayment/Curtailment Interest Shortfall                                                                0.00

Servicing Fee Support                                                                                          0.00
Non-Supported Prepayment/Curtailment Interest Shortfall                                                        0.00






                                                             SERVICING FEES


<s>                                                                                       <c>
Gross Servicing Fee                                                                                       26,840.31
Trustee Fee                                                                                                1,878.83
Supported Prepayment/Curtailment Interest Shortfall                                                            0.00
Net Servicing Fee                                                                                         28,719.14






                                    LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
                                                           DELINQUENCY STATUS

         DELINQUENT               BANKRUPTCY             FORECLOSURE             REO                     Total

<s>          <c>                    <c>                     <c>                     <c>                     <c>

          No of Loans             No of Loans            No of Loans             No of Loans             No of Loans
          Principal Balance       Principal Balance      Principal Balance       Principal Balance       Principal Balance
0-29 Days                         0                      0                       0                       0
                                  0.00                   0.00                    0.00                    0.00

30 Days   57                      0                      0                       0                       57
          8,163,043.93            0.00                   0.00                    0.00                    8,163,043.93

60 Days   1                       0                      0                       0                       1
          144,000.00              0.00                   0.00                    0.00                    144,000.00

90 Days   0                       0                      0                       0                       0
          0.00                    0.00                   0.00                    0.00                    0.00

120 Days  0                       0                      0                       0                       0
          0.00                    0.00                   0.00                    0.00                    0.00

150 Days  0                       0                      0                       0                       0
          0.00                    0.00                   0.00                    0.00                    0.00

180+ Days 0                       0                      0                       0                       0
          0.00                    0.00                   0.00                    0.00                    0.00

Totals    58                      0                      0                       0                       58
          8,307,043.93            0.00                   0.00                    0.00                    8,307,043.93


          No of Loans             No of Loans            No of Loans             No of Loans             No of Loans
          Principal Balance       Principal Balance      Principal Balance       Principal Balance       Principal Balance
0-29 Days                         0.000000%              0.000000%               0.000000%               0.000000%
                                  0.000000%              0.000000%               0.000000%               0.000000%

30 Days   1.241830%               0.000000%              0.000000%               0.000000%               1.241830%
          1.272785%               0.000000%              0.000000%               0.000000%               1.272785%

60 Days   0.021786%               0.000000%              0.000000%               0.000000%               0.021786%
          0.022453%               0.000000%              0.000000%               0.000000%               0.022453%

90 Days   0.000000%               0.000000%              0.000000%               0.000000%               0.000000%
          0.000000%               0.000000%              0.000000%               0.000000%               0.000000%

120 Days  0.000000%               0.000000%              0.000000%               0.000000%               0.000000%
          0.000000%               0.000000%              0.000000%               0.000000%               0.000000%

150 Days  0.000000%               0.000000%              0.000000%               0.000000%               0.000000%
          0.000000%               0.000000%              0.000000%               0.000000%               0.000000%

180+ Days 0.000000%               0.000000%              0.000000%               0.000000%               0.000000%
          0.000000%               0.000000%              0.000000%               0.000000%               0.000000%

Totals    1.263617%               0.000000%              0.000000%               0.000000%               1.263617%
          1.295237%               0.000000%              0.000000%               0.000000%               1.295237%


 
 
                                                        Delinquency Status By Groups

                         DELINQUENT           BANKRUPTCY            FORECLOSURE          REO                  Total
 <s>                                                                                              
 Group 1                 No of Loans          No of Loans           No of Loans          No of Loans          No of Loans
                         Principal Balance    Principal Balance     Principal Balance    Principal Balance    Principal Balance

 0-29 Days                                    0                     0                    0                    0
                                              0.00                  0.00                 0.00                 0.00

 30 Days                 6                    0                     0                    0                    6
                         992,932.36           0.00                  0.00                 0.00                 992,932.36

 60 Days                 0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 90 Days                 0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 120 Days                0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 150 Days                0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 180 Days                0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 Totals                  6                    0                     0                    0                    6
                         992,932.36           0.00                  0.00                 0.00                 992,932.36



 0-29 Days                                    0.000000%             0.000000%            0.000000%            0.000000%
                                              0.000000%             0.000000%            0.000000%            0.000000%

 30 Days                 0.831025%            0.000000%             0.000000%            0.000000%            0.831025%
                         0.936902%            0.000000%             0.000000%            0.000000%            0.936902%

 60 Days                 0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 90 Days                 0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 120 Days                0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 150 Days                0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 180 Days                0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 Totals                  0.831025%            0.000000%             0.000000%            0.000000%            0.831025%
                         0.936902%            0.000000%             0.000000%            0.000000%            0.936902%


<caption>
                         DELINQUENT           BANKRUPTCY            FORECLOSURE          REO                  Total
 <s>                                                                                              
 Group 2                 No of Loans          No of Loans           No of Loans          No of Loans          No of Loans
                         Principal Balance    Principal Balance     Principal Balance    Principal Balance    Principal Balance

 0-29 Days                                    0                     0                    0                    0
                                              0.00                  0.00                 0.00                 0.00

 30 Days                 20                   0                     0                    0                    20
                         3,693,612.17         0.00                  0.00                 0.00                 3,693,612.17

 60 Days                 1                    0                     0                    0                    1
                         144,000.00           0.00                  0.00                 0.00                 144,000.00

 90 Days                 0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 120 Days                0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 150 Days                0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 180 Days                0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 Totals                  21                   0                     0                    0                    21
                         3,837,612.17         0.00                  0.00                 0.00                 3,837,612.17



 0-29 Days                                    0.000000%             0.000000%            0.000000%            0.000000%
                                              0.000000%             0.000000%            0.000000%            0.000000%

 30 Days                 1.057082%            0.000000%             0.000000%            0.000000%            1.057082%
                         1.209555%            0.000000%             0.000000%            0.000000%            1.209555%

 60 Days                 0.052854%            0.000000%             0.000000%            0.000000%            0.052854%
                         0.047156%            0.000000%             0.000000%            0.000000%            0.047156%

 90 Days                 0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 120 Days                0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 150 Days                0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 180 Days                0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 Totals                  1.109937%            0.000000%             0.000000%            0.000000%            1.109937%
                         1.256711%            0.000000%             0.000000%            0.000000%            1.256711%

<caption>

                         DELINQUENT           BANKRUPTCY            FORECLOSURE          REO                  Total
 <s>                                                                                              
 Group 3                 No of Loans          No of Loans           No of Loans          No of Loans          No of Loans
                         Principal Balance    Principal Balance     Principal Balance    Principal Balance    Principal Balance

 0-29 Days                                    0                     0                    0                    0
                                              0.00                  0.00                 0.00                 0.00

 30 Days                 31                   0                     0                    0                    31
                         3,476,499.40         0.00                  0.00                 0.00                 3,476,499.40

 60 Days                 0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 90 Days                 0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 120 Days                0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 150 Days                0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 180 Days                0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 Totals                  31                   0                     0                    0                    31
                         3,476,499.40         0.00                  0.00                 0.00                 3,476,499.40



 0-29 Days                                    0.000000%             0.000000%            0.000000%            0.000000%
                                              0.000000%             0.000000%            0.000000%            0.000000%

 30 Days                 1.568826%            0.000000%             0.000000%            0.000000%            1.568826%
                         1.511501%            0.000000%             0.000000%            0.000000%            1.511501%

 60 Days                 0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 90 Days                 0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 120 Days                0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 150 Days                0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 180 Days                0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 Totals                  1.568826%            0.000000%             0.000000%            0.000000%            1.568826%
                         1.511501%            0.000000%             0.000000%            0.000000%            1.511501%



 



                                                            OTHER INFORMATION

<s>                                                                                 <c>
Current Period Class A Insufficient Funds                                                                  0.00
Principal Balance of Contaminated Properties                                                               0.00
Periodic Advance                                                                                      55,263.84







 
 
                                   COLLATERAL STATEMENT
                                                                            
 Collateral Description                                                          Fixed

 Weighted Average Gross Coupon                                               5.648352%
 Weighted Average Pass-Through Rate                                          5.394852%
 Weighted Average Maturity(Stepdown Calculation )                                  290
 Beginning Scheduled Collateral Loan Count                                       4,605

 Number Of Loans Paid In Full                                                       15
 Ending Scheduled Collateral Loan Count                                          4,590
 Beginning Scheduled Collateral Balance                                 644,167,411.75
 Ending Scheduled Collateral Balance                                    640,244,341.94
 Ending Actual Collateral Balance at 30-Sep-2003                        641,353,074.11
 Monthly P &I Constant                                                    4,362,633.34
 Special Servicing Fee                                                            0.00
 Prepayment Penalties                                                             0.00
 Realized Loss Amount                                                             0.00
 Cumulative Realized Loss                                                         0.00
 Class A Non-PO Optimal Amount                                            6,576,417.30
 Class AP Deferred Amount                                                         0.00
 Ending Scheduled Balance for Premium Loans                             640,244,341.94
 Scheduled Principal                                                      1,330,563.21
 Unscheduled Principal                                                    2,592,506.60
 
 
 
                                                       

 


                                     Group Level Collateral Statement
                                                   
Group                                                   Group 1                          Group 2                          Group 3
Collateral Description                            Fixed 10 Year                    Fixed 15 Year                    Fixed 15 Year
Weighted Average Coupon Rate                           5.823051                         5.822036                         5.336528
Weighted Average Net Rate                              5.573051                         5.572036                         5.086528
Weighted Average Maturity                                   355                              355                              174
Beginning Loan Count                                        725                            1,901                            1,979
Loans Paid In Full                                            3                                9                                3
Ending Loan Count                                           722                            1,892                            1,976
Beginning Scheduled Balance                      106,589,791.96                   306,912,106.06                   230,665,513.73
Ending scheduled Balance                         105,887,626.67                   305,097,879.40                   229,258,835.87
Record Date                                          09/30/2003                       09/30/2003                       09/30/2003
Principal And Interest Constant                      631,564.11                     1,816,359.61                     1,914,709.62
Scheduled Principal                                  114,332.59                       327,315.09                       888,915.53
Unscheduled Principal                                587,832.70                     1,486,911.57                       517,762.33
Scheduled Interest                                   517,231.52                     1,489,044.52                     1,025,794.09
Servicing Fees                                        22,206.19                        63,940.01                        48,055.31
Master Servicing Fees                                      0.00                             0.00                             0.00
Trustee Fee                                              310.89                           895.17                           672.77
FRY Amount                                                 0.00                             0.00                             0.00
Special Hazard Fee                                         0.00                             0.00                             0.00
Other Fee                                                  0.00                             0.00                             0.00
Pool Insurance Fee                                         0.00                             0.00                             0.00
Spread Fee 1                                               0.00                             0.00                             0.00
Spread Fee 2                                               0.00                             0.00                             0.00
Spread Fee 3                                               0.00                             0.00                             0.00
Net Interest                                         494,714.44                     1,424,209.34                       977,066.01
Realized Loss Amount                                       0.00                             0.00                             0.00
Cumulative Realized Loss                                   0.00                             0.00                             0.00
Percentage of Cumulative Losses                            0.00                             0.00                             0.00
Prepayment Penalties                                       0.00                             0.00                             0.00
Special Servicing Fee                                      0.00                             0.00                             0.00




                                     Group Level Collateral Statement
                                                   
Group                                                     Total
Collateral Description                                    Fixed
Weighted Average Coupon Rate                           5.648352
Weighted Average Net Rate                              5.398352
Weighted Average Maturity                                   290
Beginning Loan Count                                      4,605
Loans Paid In Full                                           15
Ending Loan Count                                         4,590
Beginning Scheduled Balance                      644,167,411.75
Ending scheduled Balance                         640,244,341.94
Record Date                                          09/30/2003
Principal And Interest Constant                    4,362,633.34
Scheduled Principal                                1,330,563.21
Unscheduled Principal                              2,592,506.60
Scheduled Interest                                 3,032,070.13
Servicing Fees                                       134,201.51
Master Servicing Fees                                      0.00
Trustee Fee                                            1,878.83
FRY Amount                                                 0.00
Special Hazard Fee                                         0.00
Other Fee                                                  0.00
Pool Insurance Fee                                         0.00
Spread Fee 1                                               0.00
Spread Fee 2                                               0.00
Spread Fee 3                                               0.00
Net Interest                                       2,895,989.79
Realized Loss Amount                                       0.00
Cumulative Realized Loss                                   0.00
Percentage of Cumulative Losses                            0.00
Prepayment Penalties                                       0.00
Special Servicing Fee                                      0.00
Pass-Through Rate                                      5.394852

  
  
                       Miscellaneous Reporting

                                                                            
  Group Group 1
               CPR                                                                        6.427485%
               Subordinate %                                                              5.008851%
               Subordintate Prepay %                                                      0.000000%
               Senior Prepay %                                                          100.000000%
               Senior %                                                                  94.991149%
  Group Group 2
               CPR                                                                        5.667143%
               Subordinate %                                                              5.016627%
               Subordintate Prepay %                                                      0.000000%
               Senior Prepay %                                                          100.000000%
               Senior %                                                                  94.983373%
  Group Group 3
               CPR                                                                        2.670734%
               Subordinate %                                                              2.202377%
               Subordintate Prepay %                                                      0.000000%
               Senior Prepay %                                                          100.000000%
               Senior %                                                                  97.797623%