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): November 25, 2003 BANC OF AMERICA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 2003-J Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-105940-14 54-2132818 Pooling and Servicing Agreement) (Commission 54-2132819 (State or other File Number) 54-2132820 jurisdiction IRS EIN 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 November 25, 2003 a distribution was made to holders of BANC OF AMERICA MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2003-J 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-J Trust, relating to the November 25, 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 MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 2003-J Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/1/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-J Trust, relating to the November 25, 2003 distribution. EX-99.1 Banc of America Mortgage Securities, Inc. Mortgage Pass-Through Certificates Record Date: 10/31/03 Distribution Date: 11/25/03 BAM Series: 2003-J 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-A-1 05948XXW6 SEN 3.45597% 215,000,000.00 619,194.62 1,707,561.12 1-A-2 05948XXX4 SEN 3.97197% 68,409,000.00 226,432.08 543,314.18 1-A-3 05948XXY2 SEN 3.97197% 1,935,000.00 6,404.80 15,368.05 1-A-R 05948XXZ9 SEN 3.58318% 50.00 0.15 50.00 1-A-MR 05948XYA3 SEN 3.58318% 25.00 0.07 25.00 1-A-LR 05948XYB1 SEN 3.58318% 25.00 1.41 25.00 2-A-1 05948XYC9 SEN 4.22044% 240,000,000.00 844,088.60 1,313,309.17 2-A-2 05948XYD7 SEN 4.53444% 210,000,000.00 793,527.52 1,149,145.53 2-A-3 05948XYE5 SEN 1.65600% 17,000,000.00 23,460.00 447,451.94 2-A-4 05948XYF2 SEN 2.70700% 21,440,000.00 48,365.07 0.00 2-A-5 05948XYG0 SEN 3.60600% 35,360,000.00 106,256.80 0.00 2-A-6 05948XYH8 SEN 4.05500% 26,971,000.00 91,139.50 0.00 2-A-7 05948XYJ4 SEN 4.32344% 27,165,000.00 97,871.94 0.00 2-A-8 05948XYK1 SEN 4.32344% 70,403,000.00 253,652.80 0.00 2-A-9 05948XYL9 SEN 3.41400% 30,596,000.00 87,045.62 805,308.21 2-A-IO 05948XYM7 IO 1.06905% 0.00 117,031.03 0.00 3-A-1 05948XYN5 SEN 4.15848% 50,000,000.00 173,270.17 199,457.55 3-A-2 05948XYP0 SEN 4.75748% 30,371,000.00 120,407.95 121,154.51 4-A-1 05948XYQ8 SEN 4.66839% 211,868,000.00 824,235.55 344,157.46 B-1 05948XYR6 SUB 4.23302% 16,152,000.00 56,976.45 17,571.35 B-2 05948XYS4 SUB 4.23302% 7,753,000.00 27,348.84 8,434.29 B-3 05948XYT2 SUB 4.23302% 5,168,000.00 18,230.21 5,622.13 B-4 05948XYY1 SUB 4.23302% 1,938,000.00 6,836.33 2,108.30 B-5 05948XYZ8 SUB 4.23302% 1,938,000.00 6,836.33 2,108.30 B-6 05948XZA2 SUB 4.23302% 2,584,620.00 9,117.29 2,811.74 1-IO 05948XYV7 IO 0.30479% 0.00 74,525.29 0.00 2-IO 05948XYW5 IO 0.00115% 0.00 666.14 0.00 3-IO 05948XYX3 IO 0.01565% 0.00 1,077.55 0.00 SES 05948XYU9 SEN 0.00000% 0.00 247,108.72 0.00 Totals 1,292,051,720.00 4,881,108.83 6,684,983.83 Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses <s> <c> <c> <c> <c> 1-A-1 0.00 213,292,438.88 2,326,755.74 0.00 1-A-2 0.00 67,865,685.82 769,746.26 0.00 1-A-3 0.00 1,919,631.95 21,772.85 0.00 1-A-R 0.00 0.00 50.15 0.00 1-A-MR 0.00 0.00 25.07 0.00 1-A-LR 0.00 0.00 26.41 0.00 2-A-1 0.00 238,686,690.83 2,157,397.77 0.00 2-A-2 0.00 208,850,854.47 1,942,673.05 0.00 2-A-3 0.00 16,552,548.06 470,911.94 0.00 2-A-4 0.00 21,440,000.00 48,365.07 0.00 2-A-5 0.00 35,360,000.00 106,256.80 0.00 2-A-6 0.00 26,971,000.00 91,139.50 0.00 2-A-7 0.00 27,165,000.00 97,871.94 0.00 2-A-8 0.00 70,403,000.00 253,652.80 0.00 2-A-9 0.00 29,790,691.79 892,353.83 0.00 2-A-IO 0.00 0.00 117,031.03 0.00 3-A-1 0.00 49,800,542.45 372,727.72 0.00 3-A-2 0.00 30,249,845.49 241,562.46 0.00 4-A-1 0.00 211,523,842.54 1,168,393.01 0.00 B-1 0.00 16,134,428.65 74,547.80 0.00 B-2 0.00 7,744,565.71 35,783.13 0.00 B-3 0.00 5,162,377.87 23,852.34 0.00 B-4 0.00 1,935,891.70 8,944.63 0.00 B-5 0.00 1,935,891.70 8,944.63 0.00 B-6 0.00 2,581,808.26 11,929.03 0.00 1-IO 0.00 0.00 74,525.29 0.00 2-IO 0.00 0.00 666.14 0.00 3-IO 0.00 0.00 1,077.55 0.00 SES 0.00 0.00 247,108.72 0.00 Totals 0.00 1,285,366,736.17 11,566,092.66 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-A-1 215,000,000.00 215,000,000.00 305,811.98 1,401,749.14 0.00 0.00 1-A-2 68,409,000.00 68,409,000.00 97,303.68 446,010.50 0.00 0.00 1-A-3 1,935,000.00 1,935,000.00 2,752.31 12,615.74 0.00 0.00 1-A-R 50.00 50.00 8.95 41.05 0.00 0.00 1-A-MR 25.00 25.00 4.48 20.52 0.00 0.00 1-A-LR 25.00 25.00 4.48 20.52 0.00 0.00 2-A-1 240,000,000.00 240,000,000.00 242,126.45 1,071,182.73 0.00 0.00 2-A-2 210,000,000.00 210,000,000.00 211,860.64 937,284.89 0.00 0.00 2-A-3 17,000,000.00 17,000,000.00 82,493.86 364,958.08 0.00 0.00 2-A-4 21,440,000.00 21,440,000.00 0.00 0.00 0.00 0.00 2-A-5 35,360,000.00 35,360,000.00 0.00 0.00 0.00 0.00 2-A-6 26,971,000.00 26,971,000.00 0.00 0.00 0.00 0.00 2-A-7 27,165,000.00 27,165,000.00 0.00 0.00 0.00 0.00 2-A-8 70,403,000.00 70,403,000.00 0.00 0.00 0.00 0.00 2-A-9 30,596,000.00 30,596,000.00 148,469.55 656,838.66 0.00 0.00 2-A-IO 0.00 0.00 0.00 0.00 0.00 0.00 3-A-1 50,000,000.00 50,000,000.00 84.64 199,372.91 0.00 0.00 3-A-2 30,371,000.00 30,371,000.00 51.41 121,103.10 0.00 0.00 4-A-1 211,868,000.00 211,868,000.00 275,981.40 68,176.06 0.00 0.00 B-1 16,152,000.00 16,152,000.00 17,571.35 0.00 0.00 0.00 B-2 7,753,000.00 7,753,000.00 8,434.29 0.00 0.00 0.00 B-3 5,168,000.00 5,168,000.00 5,622.13 0.00 0.00 0.00 B-4 1,938,000.00 1,938,000.00 2,108.30 0.00 0.00 0.00 B-5 1,938,000.00 1,938,000.00 2,108.30 0.00 0.00 0.00 B-6 2,584,620.00 2,584,620.00 2,811.74 0.00 0.00 0.00 1-IO 0.00 0.00 0.00 0.00 0.00 0.00 2-IO 0.00 0.00 0.00 0.00 0.00 0.00 3-IO 0.00 0.00 0.00 0.00 0.00 0.00 SES 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,292,051,720.00 1,292,051,720.00 1,405,609.94 5,279,373.90 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-A-1 1,707,561.12 213,292,438.88 0.99205786 1,707,561.12 1-A-2 543,314.18 67,865,685.82 0.99205786 543,314.18 1-A-3 15,368.05 1,919,631.95 0.99205786 15,368.05 1-A-R 50.00 0.00 0.00000000 50.00 1-A-MR 25.00 0.00 0.00000000 25.00 1-A-LR 25.00 0.00 0.00000000 25.00 2-A-1 1,313,309.17 238,686,690.83 0.99452788 1,313,309.17 2-A-2 1,149,145.53 208,850,854.47 0.99452788 1,149,145.53 2-A-3 447,451.94 16,552,548.06 0.97367930 447,451.94 2-A-4 0.00 21,440,000.00 1.00000000 0.00 2-A-5 0.00 35,360,000.00 1.00000000 0.00 2-A-6 0.00 26,971,000.00 1.00000000 0.00 2-A-7 0.00 27,165,000.00 1.00000000 0.00 2-A-8 0.00 70,403,000.00 1.00000000 0.00 2-A-9 805,308.21 29,790,691.79 0.97367930 805,308.21 2-A-IO 0.00 0.00 0.00000000 0.00 3-A-1 199,457.55 49,800,542.45 0.99601085 199,457.55 3-A-2 121,154.51 30,249,845.49 0.99601085 121,154.51 4-A-1 344,157.46 211,523,842.54 0.99837560 344,157.46 B-1 17,571.35 16,134,428.65 0.99891213 17,571.35 B-2 8,434.29 7,744,565.71 0.99891213 8,434.29 B-3 5,622.13 5,162,377.87 0.99891213 5,622.13 B-4 2,108.30 1,935,891.70 0.99891213 2,108.30 B-5 2,108.30 1,935,891.70 0.99891213 2,108.30 B-6 2,811.74 2,581,808.26 0.99891213 2,811.74 1-IO 0.00 0.00 0.00000000 0.00 2-IO 0.00 0.00 0.00000000 0.00 3-IO 0.00 0.00 0.00000000 0.00 SES 0.00 0.00 0.00000000 0.00 Totals 6,684,983.83 1,285,366,736.17 0.99482607 6,684,983.83 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-A-1 215,000,000.00 1000.00000000 1.42238130 6.51976344 0.00000000 1-A-2 68,409,000.00 1000.00000000 1.42238127 6.51976348 0.00000000 1-A-3 1,935,000.00 1000.00000000 1.42238243 6.51976227 0.00000000 1-A-R 50.00 1000.00000000 179.00000000 821.00000000 0.00000000 1-A-MR 25.00 1000.00000000 179.20000000 820.80000000 0.00000000 1-A-LR 25.00 1000.00000000 179.20000000 820.80000000 0.00000000 2-A-1 240,000,000.00 1000.00000000 1.00886021 4.46326138 0.00000000 2-A-2 210,000,000.00 1000.00000000 1.00886019 4.46326138 0.00000000 2-A-3 17,000,000.00 1000.00000000 4.85258000 21.46812235 0.00000000 2-A-4 21,440,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A-5 35,360,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A-6 26,971,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A-7 27,165,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A-8 70,403,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A-9 30,596,000.00 1000.00000000 4.85258040 21.46812198 0.00000000 2-A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 3-A-1 50,000,000.00 1000.00000000 0.00169280 3.98745820 0.00000000 3-A-2 30,371,000.00 1000.00000000 0.00169273 3.98745843 0.00000000 4-A-1 211,868,000.00 1000.00000000 1.30261012 0.32178555 0.00000000 B-1 16,152,000.00 1000.00000000 1.08787457 0.00000000 0.00000000 B-2 7,753,000.00 1000.00000000 1.08787437 0.00000000 0.00000000 B-3 5,168,000.00 1000.00000000 1.08787345 0.00000000 0.00000000 B-4 1,938,000.00 1000.00000000 1.08787410 0.00000000 0.00000000 B-5 1,938,000.00 1000.00000000 1.08787410 0.00000000 0.00000000 B-6 2,584,620.00 1000.00000000 1.08787365 0.00000000 0.00000000 1-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 3-IO 0.00 0.00000000 0.00000000 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-A-1 0.00000000 7.94214474 992.05785526 0.99205786 7.94214474 1-A-2 0.00000000 7.94214475 992.05785525 0.99205786 7.94214475 1-A-3 0.00000000 7.94214470 992.05785530 0.99205786 7.94214470 1-A-R 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 1-A-MR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 1-A-LR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 2-A-1 0.00000000 5.47212154 994.52787846 0.99452788 5.47212154 2-A-2 0.00000000 5.47212157 994.52787843 0.99452788 5.47212157 2-A-3 0.00000000 26.32070235 973.67929765 0.97367930 26.32070235 2-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A-9 0.00000000 26.32070238 973.67929762 0.97367930 26.32070238 2-A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3-A-1 0.00000000 3.98915100 996.01084900 0.99601085 3.98915100 3-A-2 0.00000000 3.98915116 996.01084884 0.99601085 3.98915116 4-A-1 0.00000000 1.62439566 998.37560434 0.99837560 1.62439566 B-1 0.00000000 1.08787457 998.91212543 0.99891213 1.08787457 B-2 0.00000000 1.08787437 998.91212563 0.99891213 1.08787437 B-3 0.00000000 1.08787345 998.91212655 0.99891213 1.08787345 B-4 0.00000000 1.08787410 998.91212590 0.99891213 1.08787410 B-5 0.00000000 1.08787410 998.91212590 0.99891213 1.08787410 B-6 0.00000000 1.08787365 998.91212635 0.99891213 1.08787365 1-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 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-A-1 215,000,000.00 3.45597% 215,000,000.00 619,194.63 0.00 0.00 1-A-2 68,409,000.00 3.97197% 68,409,000.00 226,432.08 0.00 0.00 1-A-3 1,935,000.00 3.97197% 1,935,000.00 6,404.80 0.00 0.00 1-A-R 50.00 3.58318% 50.00 0.15 0.00 0.00 1-A-MR 25.00 3.58318% 25.00 0.07 0.00 0.00 1-A-LR 25.00 3.58318% 25.00 0.07 0.00 0.00 2-A-1 240,000,000.00 4.22044% 240,000,000.00 844,088.60 0.00 0.00 2-A-2 210,000,000.00 4.53444% 210,000,000.00 793,527.53 0.00 0.00 2-A-3 17,000,000.00 1.65600% 17,000,000.00 23,460.00 0.00 0.00 2-A-4 21,440,000.00 2.70700% 21,440,000.00 48,365.07 0.00 0.00 2-A-5 35,360,000.00 3.60600% 35,360,000.00 106,256.80 0.00 0.00 2-A-6 26,971,000.00 4.05500% 26,971,000.00 91,139.50 0.00 0.00 2-A-7 27,165,000.00 4.32344% 27,165,000.00 97,871.94 0.00 0.00 2-A-8 70,403,000.00 4.32344% 70,403,000.00 253,652.80 0.00 0.00 2-A-9 30,596,000.00 3.41400% 30,596,000.00 87,045.62 0.00 0.00 2-A-IO 0.00 1.06905% 131,367,000.00 117,031.03 0.00 0.00 3-A-1 50,000,000.00 4.15848% 50,000,000.00 173,270.17 0.00 0.00 3-A-2 30,371,000.00 4.75748% 30,371,000.00 120,407.96 0.00 0.00 4-A-1 211,868,000.00 4.66839% 211,868,000.00 824,235.55 0.00 0.00 B-1 16,152,000.00 4.23302% 16,152,000.00 56,976.45 0.00 0.00 B-2 7,753,000.00 4.23302% 7,753,000.00 27,348.84 0.00 0.00 B-3 5,168,000.00 4.23302% 5,168,000.00 18,230.21 0.00 0.00 B-4 1,938,000.00 4.23302% 1,938,000.00 6,836.33 0.00 0.00 B-5 1,938,000.00 4.23302% 1,938,000.00 6,836.33 0.00 0.00 B-6 2,584,620.00 4.23302% 2,584,620.00 9,117.29 0.00 0.00 1-IO 0.00 0.30479% 293,413,403.21 74,525.29 0.00 0.00 2-IO 0.00 0.00115% 698,134,271.66 666.14 0.00 0.00 3-IO 0.00 0.01565% 82,644,417.61 1,077.55 0.00 0.00 SES 0.00 0.00000% 1,292,051,720.73 0.00 0.00 0.00 Totals 1,292,051,720.00 4,633,998.80 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-A-1 0.00 0.00 619,194.62 0.00 213,292,438.88 1-A-2 0.00 0.00 226,432.08 0.00 67,865,685.82 1-A-3 0.00 0.00 6,404.80 0.00 1,919,631.95 1-A-R 0.00 0.00 0.15 0.00 0.00 1-A-MR 0.00 0.00 0.07 0.00 0.00 1-A-LR 0.00 0.00 1.41 0.00 0.00 2-A-1 0.00 0.00 844,088.60 0.00 238,686,690.83 2-A-2 0.00 0.00 793,527.52 0.00 208,850,854.47 2-A-3 0.00 0.00 23,460.00 0.00 16,552,548.06 2-A-4 0.00 0.00 48,365.07 0.00 21,440,000.00 2-A-5 0.00 0.00 106,256.80 0.00 35,360,000.00 2-A-6 0.00 0.00 91,139.50 0.00 26,971,000.00 2-A-7 0.00 0.00 97,871.94 0.00 27,165,000.00 2-A-8 0.00 0.00 253,652.80 0.00 70,403,000.00 2-A-9 0.00 0.00 87,045.62 0.00 29,790,691.79 2-A-IO 0.00 0.00 117,031.03 0.00 130,114,239.85 3-A-1 0.00 0.00 173,270.17 0.00 49,800,542.45 3-A-2 0.00 0.00 120,407.95 0.00 30,249,845.49 4-A-1 0.00 0.00 824,235.55 0.00 211,523,842.54 B-1 0.00 0.00 56,976.45 0.00 16,134,428.65 B-2 0.00 0.00 27,348.84 0.00 7,744,565.71 B-3 0.00 0.00 18,230.21 0.00 5,162,377.87 B-4 0.00 0.00 6,836.33 0.00 1,935,891.70 B-5 0.00 0.00 6,836.33 0.00 1,935,891.70 B-6 0.00 0.00 9,117.29 0.00 2,581,808.26 1-IO 0.00 0.00 74,525.29 0.00 291,135,581.73 2-IO 0.00 0.00 666.14 0.00 694,399,687.43 3-IO 0.00 0.00 1,077.55 0.00 82,323,801.70 SES 0.00 0.00 247,108.72 0.00 1,285,366,736.89 Totals 0.00 0.00 4,881,108.83 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-A-1 215,000,000.00 3.45597% 1000.00000000 2.87997502 0.00000000 0.00000000 1-A-2 68,409,000.00 3.97197% 1000.00000000 3.30997500 0.00000000 0.00000000 1-A-3 1,935,000.00 3.97197% 1000.00000000 3.30997416 0.00000000 0.00000000 1-A-R 50.00 3.58318% 1000.00000000 3.00000000 0.00000000 0.00000000 1-A-MR 25.00 3.58318% 1000.00000000 2.80000000 0.00000000 0.00000000 1-A-LR 25.00 3.58318% 1000.00000000 2.80000000 0.00000000 0.00000000 2-A-1 240,000,000.00 4.22044% 1000.00000000 3.51703583 0.00000000 0.00000000 2-A-2 210,000,000.00 4.53444% 1000.00000000 3.77870252 0.00000000 0.00000000 2-A-3 17,000,000.00 1.65600% 1000.00000000 1.38000000 0.00000000 0.00000000 2-A-4 21,440,000.00 2.70700% 1000.00000000 2.25583349 0.00000000 0.00000000 2-A-5 35,360,000.00 3.60600% 1000.00000000 3.00500000 0.00000000 0.00000000 2-A-6 26,971,000.00 4.05500% 1000.00000000 3.37916651 0.00000000 0.00000000 2-A-7 27,165,000.00 4.32344% 1000.00000000 3.60286913 0.00000000 0.00000000 2-A-8 70,403,000.00 4.32344% 1000.00000000 3.60286920 0.00000000 0.00000000 2-A-9 30,596,000.00 3.41400% 1000.00000000 2.84500000 0.00000000 0.00000000 2-A-IO 0.00 1.06905% 1000.00000000 0.89087084 0.00000000 0.00000000 3-A-1 50,000,000.00 4.15848% 1000.00000000 3.46540340 0.00000000 0.00000000 3-A-2 30,371,000.00 4.75748% 1000.00000000 3.96457015 0.00000000 0.00000000 4-A-1 211,868,000.00 4.66839% 1000.00000000 3.89032582 0.00000000 0.00000000 B-1 16,152,000.00 4.23302% 1000.00000000 3.52751672 0.00000000 0.00000000 B-2 7,753,000.00 4.23302% 1000.00000000 3.52751709 0.00000000 0.00000000 B-3 5,168,000.00 4.23302% 1000.00000000 3.52751741 0.00000000 0.00000000 B-4 1,938,000.00 4.23302% 1000.00000000 3.52751806 0.00000000 0.00000000 B-5 1,938,000.00 4.23302% 1000.00000000 3.52751806 0.00000000 0.00000000 B-6 2,584,620.00 4.23302% 1000.00000000 3.52751662 0.00000000 0.00000000 1-IO 0.00 0.30479% 1000.00000000 0.25399416 0.00000000 0.00000000 2-IO 0.00 0.00115% 1000.00000000 0.00095417 0.00000000 0.00000000 3-IO 0.00 0.01565% 1000.00000000 0.01303839 0.00000000 0.00000000 SES 0.00 0.00000% 1000.00000000 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-A-1 0.00000000 0.00000000 2.87997498 0.00000000 992.05785526 1-A-2 0.00000000 0.00000000 3.30997500 0.00000000 992.05785525 1-A-3 0.00000000 0.00000000 3.30997416 0.00000000 992.05785530 1-A-R 0.00000000 0.00000000 3.00000000 0.00000000 0.00000000 1-A-MR 0.00000000 0.00000000 2.80000000 0.00000000 0.00000000 1-A-LR 0.00000000 0.00000000 56.40000000 0.00000000 0.00000000 2-A-1 0.00000000 0.00000000 3.51703583 0.00000000 994.52787846 2-A-2 0.00000000 0.00000000 3.77870248 0.00000000 994.52787843 2-A-3 0.00000000 0.00000000 1.38000000 0.00000000 973.67929765 2-A-4 0.00000000 0.00000000 2.25583349 0.00000000 1000.00000000 2-A-5 0.00000000 0.00000000 3.00500000 0.00000000 1000.00000000 2-A-6 0.00000000 0.00000000 3.37916651 0.00000000 1000.00000000 2-A-7 0.00000000 0.00000000 3.60286913 0.00000000 1000.00000000 2-A-8 0.00000000 0.00000000 3.60286920 0.00000000 1000.00000000 2-A-9 0.00000000 0.00000000 2.84500000 0.00000000 973.67929762 2-A-IO 0.00000000 0.00000000 0.89087084 0.00000000 990.46366173 3-A-1 0.00000000 0.00000000 3.46540340 0.00000000 996.01084900 3-A-2 0.00000000 0.00000000 3.96456982 0.00000000 996.01084884 4-A-1 0.00000000 0.00000000 3.89032582 0.00000000 998.37560434 B-1 0.00000000 0.00000000 3.52751672 0.00000000 998.91212543 B-2 0.00000000 0.00000000 3.52751709 0.00000000 998.91212563 B-3 0.00000000 0.00000000 3.52751741 0.00000000 998.91212655 B-4 0.00000000 0.00000000 3.52751806 0.00000000 998.91212590 B-5 0.00000000 0.00000000 3.52751806 0.00000000 998.91212590 B-6 0.00000000 0.00000000 3.52751662 0.00000000 998.91212635 1-IO 0.00000000 0.00000000 0.25399416 0.00000000 992.23681858 2-IO 0.00000000 0.00000000 0.00095417 0.00000000 994.65062183 3-IO 0.00000000 0.00000000 0.01303839 0.00000000 996.12053761 SES 0.00000000 0.00000000 0.19125296 0.00000000 994.82607102 <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-SES 0.00000% 293,413,403.21 291,135,581.73 0.00 0.00 99.22368186% 2-SES 0.00000% 698,134,271.66 694,399,687.43 0.00 0.00 99.46506218% 3-SES 0.00000% 82,644,417.61 82,323,801.70 0.00 0.00 99.61205376% 4-SES 0.00000% 217,859,628.25 217,507,666.03 0.00 0.00 99.83844541% CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT <s> <c> Beginning Balance 0.00 Deposits Payments of Interest and Principal 11,622,082.66 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 11,622,082.66 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 55,990.00 Payment of Interest and Principal 11,566,092.66 Total Withdrawals (Pool Distribution Amount) 11,622,082.66 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 53,835.97 Trustee Fee - Wells Fargo Bank, N.A. 2,154.03 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 55,990.00 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 1 0 0 0 1 424,000.00 0.00 0.00 0.00 424,000.00 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 1 0 0 0 1 424,000.00 0.00 0.00 0.00 424,000.00 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 0.040519% 0.000000% 0.000000% 0.000000% 0.040519% 0.032957% 0.000000% 0.000000% 0.000000% 0.032957% 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 0.040519% 0.000000% 0.000000% 0.000000% 0.040519% 0.032957% 0.000000% 0.000000% 0.000000% 0.032957% 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% <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 1 0 0 0 1 424,000.00 0.00 0.00 0.00 424,000.00 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 1 0 0 0 1 424,000.00 0.00 0.00 0.00 424,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.074460% 0.000000% 0.000000% 0.000000% 0.074460% 0.061009% 0.000000% 0.000000% 0.000000% 0.061009% 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 0.074460% 0.000000% 0.000000% 0.000000% 0.074460% 0.061009% 0.000000% 0.000000% 0.000000% 0.061009% <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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% <caption> DELINQUENT BANKRUPTCY FORECLOSURE REO Total <s> Group 4 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% OTHER INFORMATION <s> <c> Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 2,969.24 COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.584239% Weighted Average Net Coupon 4.305852% Weighted Average Pass-Through Rate 4.303852% Weighted Average Maturity(Stepdown Calculation ) 355 Beginning Scheduled Collateral Loan Count 2,478 Number Of Loans Paid In Full 10 Ending Scheduled Collateral Loan Count 2,468 Beginning Scheduled Collateral Balance 1,292,051,720.00 Ending Scheduled Collateral Balance 1,285,366,736.89 Ending Actual Collateral Balance at 31-Oct-2003 1,286,514,818.31 Monthly P &I Constant 6,341,504.82 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 1,285,366,736.89 Scheduled Principal 1,405,609.95 Unscheduled Principal 5,279,373.89 Miscellaneous Reporting Total Senior % 97.249830% Aggregate Subordinate % 2.750170% Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.264971 4.605443 4.652485 Weighted Average Net Rate 4.014971 4.355443 4.402486 Weighted Average Maturity 355 356 355 Beginning Loan Count 560 1,348 150 Loans Paid In Full 4 5 1 Ending Loan Count 556 1,343 149 Beginning Scheduled Balance 293,413,403.21 698,134,271.66 82,644,417.61 Ending scheduled Balance 291,135,581.73 694,399,687.43 82,323,801.70 Record Date 10/31/2003 10/31/2003 10/31/2003 Principal And Interest Constant 1,460,197.06 3,383,667.95 320,558.18 Scheduled Principal 417,364.01 704,319.88 139.90 Unscheduled Principal 1,860,457.47 3,030,264.35 320,476.01 Scheduled Interest 1,042,833.05 2,679,348.07 320,418.28 Servicing Fees 61,127.80 145,444.66 17,217.56 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 489.04 1,163.56 137.78 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 30,563.92 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 950,652.29 2,532,739.85 303,062.94 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 3.887971 4.353443 4.400485 Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.920391 4.584239 Weighted Average Net Rate 4.670391 4.305852 Weighted Average Maturity 353 355 Beginning Loan Count 420 2,478 Loans Paid In Full 0 10 Ending Loan Count 420 2,468 Beginning Scheduled Balance 217,859,628.25 1,292,051,720.73 Ending scheduled Balance 217,507,666.03 1,285,366,736.89 Record Date 10/31/2003 10/31/2003 Principal And Interest Constant 1,177,081.63 6,341,504.82 Scheduled Principal 283,786.16 1,405,609.95 Unscheduled Principal 68,176.06 5,279,373.89 Scheduled Interest 893,295.47 4,935,894.87 Servicing Fees 45,387.41 269,177.43 Master Servicing Fees 0.00 0.00 Trustee Fee 363.09 2,153.47 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 30,563.92 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 847,544.97 4,634,000.05 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 4.668391 4.303852 Miscellaneous Reporting Group Group 1 CPR 7.359168% Senior % 97.249852% Senior Prepayment % 100.000000% Subordinate % 2.750148% Subordinate Prepayment % 0.000000% Group Group 2 CPR 5.091073% Senior % 97.249917% Senior Prepayment % 100.000000% Subordinate % 2.750083% Subordinate Prepayment % 0.000000% Group Group 3 CPR 4.555358% Senior % 97.249158% Senior Prepayment % 100.000000% Subordinate % 2.750842% Subordinate Prepayment % 0.000000% Miscellaneous Reporting Group Group 4 CPR 0.375365% Senior % 97.249776% Senior Prepayment % 100.000000% Subordinate % 2.750224% Subordinate Prepayment % 0.000000%