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):  February 25, 2004


                      BANC OF AMERICA ALTERNATIVE LOAN TRUST
             Mortgage Pass-Through Certificates, Series 2003-11 Trust
              (Exact name of registrant as specified in its charter)

New York (governing law of            333-105940-18      54-2139182
Pooling and Servicing Agreement)      (Commission        54-2139183
(State or other                       File Number)       IRS EIN
jurisdiction
of Incorporation)




       c/o Wells Fargo Bank, 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 February 25, 2004 a distribution was made to holders of BANC OF AMERICA
 ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2003-11
 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 2003-11 Trust, relating to the
                                        February 25, 2004 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 2003-11 Trust

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

              Date:  3/8/04
                                INDEX TO EXHIBITS


Exhibit Number            Description

EX-99.1                   Monthly report distributed to holders of Mortgage
                          Pass-Through Certificates, Series 2003-11 Trust,
                          relating to the February 25, 2004 distribution.





                   EX-99.1



Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates



Record Date:             1/31/04
Distribution Date:       2/25/04


BAA  Series: 2003-11

Contact: Customer Service - CTSLink
         Wells Fargo Bank, 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       05948KJJ9              SEN             6.00000%     135,241,652.78         676,208.21         587,311.10
     1-A-R       05948KJK6              SEN             6.00000%               0.00               0.00               0.00
    1-A-LR       05948KJL4              SEN             6.00000%               0.00               0.00               0.00
     2-A-1       05948KJM2              SEN             6.00000%      67,580,372.36         337,901.84          79,040.34
     CB-IO       05948KJN0              IO              0.33230%               0.00          27,233.77               0.00
     3-A-1       05948KJP5              SEN             6.00000%      15,447,231.79          77,236.15         763,894.34
     4-A-1       05948KJR1              SEN             4.75000%      48,636,280.92         192,518.61         485,976.13
     4-A-2       05948KJS9              SEN             4.75000%         690,123.52           2,731.74           6,895.75
     5-A-1       05948KJT7              SEN             5.50000%      44,337,707.64         203,214.49         438,580.75
     5-A-2       05948KJU4              SEN             5.50000%         623,375.52           2,857.14           6,166.32
     15-IO       05948KJV2              IO              0.35229%               0.00          21,581.80               0.00
      PO         05948KJW0              PO              0.00000%       6,956,564.86               0.00          10,766.77
    15-B-1       05948KKA6              SUB             5.10775%       1,271,258.05           5,411.06           4,772.77
    15-B-2       05948KKB4              SUB             5.10775%         488,179.03           2,077.92           1,832.80
    15-B-3       05948KJH3              SUB             5.10775%         341,725.32           1,454.54           1,282.96
    15-B-4       05948KKG3              SUB             5.10775%         195,271.61             831.17             733.12
    15-B-5       05948KKH1              SUB             5.10775%          98,632.09             419.82             370.30
    15-B-6       05948KKJ7              SUB             5.10775%         195,518.69             832.22             734.05
    30-B-1       05948KJX8              SUB             6.00000%       5,736,289.50          28,681.45           5,743.73
    30-B-2       05948KJY6              SUB             6.00000%       2,628,383.43          13,141.92           2,631.79
    30-B-3       05948KJZ3              SUB             6.00000%       1,195,809.57           5,979.05           1,197.36
    30-B-4       05948KKD0              SUB             6.00000%       1,553,453.53           7,767.27           1,555.47
    30-B-5       05948KKE8              SUB             6.00000%         955,049.24           4,775.25             956.29
    30-B-6       05948KKF5              SUB             6.00000%       1,076,483.36           5,382.42           1,077.87
      SES        05948KKC2              SEN             0.00000%               0.00          57,354.08               0.00
Totals                                                               335,249,362.81       1,675,591.92       2,401,520.01




                     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     134,654,341.69       1,263,519.31               0.00
1-A-R                         0.00               0.00               0.00               0.00
1-A-LR                        0.00               0.00               0.00               0.00
2-A-1                         0.00      67,501,332.02         416,942.18               0.00
CB-IO                         0.00               0.00          27,233.77               0.00
3-A-1                         0.00      14,683,337.45         841,130.49               0.00
4-A-1                         0.00      48,150,304.80         678,494.74               0.00
4-A-2                         0.00         683,227.77           9,627.49               0.00
5-A-1                         0.00      43,899,126.88         641,795.24               0.00
5-A-2                         0.00         617,209.20           9,023.46               0.00
15-IO                         0.00               0.00          21,581.80               0.00
PO                            0.00       6,945,798.09          10,766.77               0.00
15-B-1                        0.00       1,266,485.29          10,183.83               0.00
15-B-2                        0.00         486,346.23           3,910.72               0.00
15-B-3                        0.00         340,442.36           2,737.50               0.00
15-B-4                        0.00         194,538.49           1,564.29               0.00
15-B-5                        0.00          98,261.79             790.12               0.00
15-B-6                        0.00         194,784.64           1,566.27               0.00
30-B-1                        0.00       5,730,545.76          34,425.18               0.00
30-B-2                        0.00       2,625,751.64          15,773.71               0.00
30-B-3                        0.00       1,194,612.20           7,176.41               0.00
30-B-4                        0.00       1,551,898.06           9,322.74               0.00
30-B-5                        0.00         954,092.96           5,731.54               0.00
30-B-6                        0.00       1,075,405.49           6,460.29               0.00
SES                           0.00               0.00          57,354.08               0.00
Totals                        0.00     332,847,842.81       4,077,111.93               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               136,100,000.00       135,241,652.78         137,963.41        449,347.69             0.00           0.00
1-A-R                        50.00                 0.00               0.00              0.00             0.00           0.00
1-A-LR                       50.00                 0.00               0.00              0.00             0.00           0.00
2-A-1                67,940,000.00        67,580,372.36          65,896.92         13,143.42             0.00           0.00
CB-IO                         0.00                 0.00               0.00              0.00             0.00           0.00
3-A-1                15,462,000.00        15,447,231.79          14,687.94        749,206.40             0.00           0.00
4-A-1                48,839,000.00        48,636,280.92         187,775.49        298,200.64             0.00           0.00
4-A-2                   693,000.00           690,123.52           2,664.44          4,231.31             0.00           0.00
5-A-1                44,880,000.00        44,337,707.64         161,285.31        277,295.44             0.00           0.00
5-A-2                   631,000.00           623,375.52           2,267.63          3,898.69             0.00           0.00
15-IO                         0.00                 0.00               0.00              0.00             0.00           0.00
PO                    7,017,645.00         6,956,564.86           9,215.62          1,551.15             0.00           0.00
15-B-1                1,276,000.00         1,271,258.05           4,772.77              0.00             0.00           0.00
15-B-2                  490,000.00           488,179.03           1,832.80              0.00             0.00           0.00
15-B-3                  343,000.00           341,725.32           1,282.96              0.00             0.00           0.00
15-B-4                  196,000.00           195,271.61             733.12              0.00             0.00           0.00
15-B-5                   99,000.00            98,632.09             370.30              0.00             0.00           0.00
15-B-6                  196,248.00           195,518.69             734.05              0.00             0.00           0.00
30-B-1                5,742,000.00         5,736,289.50           5,743.73              0.00             0.00           0.00
30-B-2                2,631,000.00         2,628,383.43           2,631.79              0.00             0.00           0.00
30-B-3                1,197,000.00         1,195,809.57           1,197.36              0.00             0.00           0.00
30-B-4                1,555,000.00         1,553,453.53           1,555.47              0.00             0.00           0.00
30-B-5                  956,000.00           955,049.24             956.29              0.00             0.00           0.00
30-B-6                1,077,555.00         1,076,483.36           1,077.87              0.00             0.00           0.00
SES                           0.00                 0.00               0.00              0.00             0.00           0.00
Totals              337,321,548.00       335,249,362.81         604,645.27      1,796,874.74             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                   587,311.10       134,654,341.69       0.98937797          587,311.10
 1-A-R                         0.00                 0.00       0.00000000                0.00
 1-A-LR                        0.00                 0.00       0.00000000                0.00
 2-A-1                    79,040.34        67,501,332.02       0.99354330           79,040.34
 CB-IO                         0.00                 0.00       0.00000000                0.00
 3-A-1                   763,894.34        14,683,337.45       0.94964024          763,894.34
 4-A-1                   485,976.13        48,150,304.80       0.98589866          485,976.13
 4-A-2                     6,895.75           683,227.77       0.98589866            6,895.75
 5-A-1                   438,580.75        43,899,126.88       0.97814454          438,580.75
 5-A-2                     6,166.32           617,209.20       0.97814453            6,166.32
 15-IO                         0.00                 0.00       0.00000000                0.00
 PO                       10,766.77         6,945,798.09       0.98976196           10,766.77
 15-B-1                    4,772.77         1,266,485.29       0.99254333            4,772.77
 15-B-2                    1,832.80           486,346.23       0.99254333            1,832.80
 15-B-3                    1,282.96           340,442.36       0.99254332            1,282.96
 15-B-4                      733.12           194,538.49       0.99254332              733.12
 15-B-5                      370.30            98,261.79       0.99254333              370.30
 15-B-6                      734.05           194,784.64       0.99254331              734.05
 30-B-1                    5,743.73         5,730,545.76       0.99800518            5,743.73
 30-B-2                    2,631.79         2,625,751.64       0.99800518            2,631.79
 30-B-3                    1,197.36         1,194,612.20       0.99800518            1,197.36
 30-B-4                    1,555.47         1,551,898.06       0.99800518            1,555.47
 30-B-5                      956.29           954,092.96       0.99800519              956.29
 30-B-6                    1,077.87         1,075,405.49       0.99800520            1,077.87
 SES                           0.00                 0.00       0.00000000                0.00

 Totals                2,401,520.01       332,847,842.81       0.98673756        2,401,520.01
 



                                     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                   136,100,000.00       993.69326069        1.01369148         3.30159949         0.00000000
1-A-R                            50.00         0.00000000        0.00000000         0.00000000         0.00000000
1-A-LR                           50.00         0.00000000        0.00000000         0.00000000         0.00000000
2-A-1                    67,940,000.00       994.70668767        0.96992817         0.19345628         0.00000000
CB-IO                             0.00         0.00000000        0.00000000         0.00000000         0.00000000
3-A-1                    15,462,000.00       999.04487065        0.94993791        48.45468891         0.00000000
4-A-1                    48,839,000.00       995.84923770        3.84478572         6.10578923         0.00000000
4-A-2                       693,000.00       995.84923521        3.84479076         6.10578644         0.00000000
5-A-1                    44,880,000.00       987.91683690        3.59370120         6.17859715         0.00000000
5-A-2                       631,000.00       987.91683043        3.59370840         6.17858954         0.00000000
15-IO                             0.00         0.00000000        0.00000000         0.00000000         0.00000000
PO                        7,017,645.00       991.29620549        1.31320692         0.22103569         0.00000000
15-B-1                    1,276,000.00       996.28373824        3.74041536         0.00000000         0.00000000
15-B-2                      490,000.00       996.28373469        3.74040816         0.00000000         0.00000000
15-B-3                      343,000.00       996.28373178        3.74040816         0.00000000         0.00000000
15-B-4                      196,000.00       996.28372449        3.74040816         0.00000000         0.00000000
15-B-5                       99,000.00       996.28373737        3.74040404         0.00000000         0.00000000
15-B-6                      196,248.00       996.28373283        3.74042028         0.00000000         0.00000000
30-B-1                    5,742,000.00       999.00548589        1.00030129         0.00000000         0.00000000
30-B-2                    2,631,000.00       999.00548461        1.00030027         0.00000000         0.00000000
30-B-3                    1,197,000.00       999.00548872        1.00030075         0.00000000         0.00000000
30-B-4                    1,555,000.00       999.00548553        1.00030225         0.00000000         0.00000000
30-B-5                      956,000.00       999.00548117        1.00030335         0.00000000         0.00000000
30-B-6                    1,077,555.00       999.00548928        1.00029233         0.00000000         0.00000000
SES                               0.00         0.00000000        0.00000000         0.00000000         0.00000000
<FN>
(2) All deals 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         4.31529096       989.37796980        0.98937797         4.31529096
1-A-R                   0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
1-A-LR                  0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
2-A-1                   0.00000000         1.16338446       993.54330321        0.99354330         1.16338446
CB-IO                   0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
3-A-1                   0.00000000        49.40462683       949.64024382        0.94964024        49.40462683
4-A-1                   0.00000000         9.95057495       985.89866295        0.98589866         9.95057495
4-A-2                   0.00000000         9.95057720       985.89865801        0.98589866         9.95057720
5-A-1                   0.00000000         9.77229835       978.14453832        0.97814454         9.77229835
5-A-2                   0.00000000         9.77229794       978.14453249        0.97814453         9.77229794
15-IO                   0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
PO                      0.00000000         1.53424261       989.76196288        0.98976196         1.53424261
15-B-1                  0.00000000         3.74041536       992.54333072        0.99254333         3.74041536
15-B-2                  0.00000000         3.74040816       992.54332653        0.99254333         3.74040816
15-B-3                  0.00000000         3.74040816       992.54332362        0.99254332         3.74040816
15-B-4                  0.00000000         3.74040816       992.54331633        0.99254332         3.74040816
15-B-5                  0.00000000         3.74040404       992.54333333        0.99254333         3.74040404
15-B-6                  0.00000000         3.74042028       992.54331254        0.99254331         3.74042028
30-B-1                  0.00000000         1.00030129       998.00518286        0.99800518         1.00030129
30-B-2                  0.00000000         1.00030027       998.00518434        0.99800518         1.00030027
30-B-3                  0.00000000         1.00030075       998.00517962        0.99800518         1.00030075
30-B-4                  0.00000000         1.00030225       998.00518328        0.99800518         1.00030225
30-B-5                  0.00000000         1.00030335       998.00518828        0.99800519         1.00030335
30-B-6                  0.00000000         1.00029233       998.00519695        0.99800520         1.00029233
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               136,100,000.00         6.00000%     135,241,652.78         676,208.26              0.00               0.00
1-A-R                        50.00         6.00000%               0.00               0.00              0.00               0.00
1-A-LR                       50.00         6.00000%               0.00               0.00              0.00               0.00
2-A-1                67,940,000.00         6.00000%      67,580,372.36         337,901.86              0.00               0.00
CB-IO                         0.00         0.33230%      98,345,896.32          27,233.78              0.00               0.00
3-A-1                15,462,000.00         6.00000%      15,447,231.79          77,236.16              0.00               0.00
4-A-1                48,839,000.00         4.75000%      48,636,280.92         192,518.61              0.00               0.00
4-A-2                   693,000.00         4.75000%         690,123.52           2,731.74              0.00               0.00
5-A-1                44,880,000.00         5.50000%      44,337,707.64         203,214.49              0.00               0.00
5-A-2                   631,000.00         5.50000%         623,375.52           2,857.14              0.00               0.00
15-IO                         0.00         0.35229%      73,514,719.06          21,581.80              0.00               0.00
PO                    7,017,645.00         0.00000%       6,956,564.86               0.00              0.00               0.00
15-B-1                1,276,000.00         5.10775%       1,271,258.05           5,411.06              0.00               0.00
15-B-2                  490,000.00         5.10775%         488,179.03           2,077.92              0.00               0.00
15-B-3                  343,000.00         5.10775%         341,725.32           1,454.54              0.00               0.00
15-B-4                  196,000.00         5.10775%         195,271.61             831.17              0.00               0.00
15-B-5                   99,000.00         5.10775%          98,632.09             419.82              0.00               0.00
15-B-6                  196,248.00         5.10775%         195,518.69             832.22              0.00               0.00
30-B-1                5,742,000.00         6.00000%       5,736,289.50          28,681.45              0.00               0.00
30-B-2                2,631,000.00         6.00000%       2,628,383.43          13,141.92              0.00               0.00
30-B-3                1,197,000.00         6.00000%       1,195,809.57           5,979.05              0.00               0.00
30-B-4                1,555,000.00         6.00000%       1,553,453.53           7,767.27              0.00               0.00
30-B-5                  956,000.00         6.00000%         955,049.24           4,775.25              0.00               0.00
30-B-6                1,077,555.00         6.00000%       1,076,483.36           5,382.42              0.00               0.00
SES                           0.00         0.00000%     335,249,363.63               0.00              0.00               0.00
Totals              337,321,548.00                                           1,618,237.93              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                         0.05               0.00           676,208.21              0.00        134,654,341.69
 1-A-R                         0.00               0.00                 0.00              0.00                  0.00
 1-A-LR                        0.00               0.00                 0.00              0.00                  0.00
 2-A-1                         0.03               0.00           337,901.84              0.00         67,501,332.02
 CB-IO                         0.00               0.00            27,233.77              0.00         97,809,660.03
 3-A-1                         0.01               0.00            77,236.15              0.00         14,683,337.45
 4-A-1                         0.00               0.00           192,518.61              0.00         48,150,304.80
 4-A-2                         0.00               0.00             2,731.74              0.00            683,227.77
 5-A-1                         0.00               0.00           203,214.49              0.00         43,899,126.88
 5-A-2                         0.00               0.00             2,857.14              0.00            617,209.20
 15-IO                         0.00               0.00            21,581.80              0.00         72,988,632.29
 PO                            0.00               0.00                 0.00              0.00          6,945,798.09
 15-B-1                        0.00               0.00             5,411.06              0.00          1,266,485.29
 15-B-2                        0.00               0.00             2,077.92              0.00            486,346.23
 15-B-3                        0.00               0.00             1,454.54              0.00            340,442.36
 15-B-4                        0.00               0.00               831.17              0.00            194,538.49
 15-B-5                        0.00               0.00               419.82              0.00             98,261.79
 15-B-6                        0.00               0.00               832.22              0.00            194,784.64
 30-B-1                        0.00               0.00            28,681.45              0.00          5,730,545.76
 30-B-2                        0.00               0.00            13,141.92              0.00          2,625,751.64
 30-B-3                        0.00               0.00             5,979.05              0.00          1,194,612.20
 30-B-4                        0.00               0.00             7,767.27              0.00          1,551,898.06
 30-B-5                        0.00               0.00             4,775.25              0.00            954,092.96
 30-B-6                        0.00               0.00             5,382.42              0.00          1,075,405.49
 SES                           0.00               0.00            57,354.08              0.00        332,847,843.61
 Totals                        0.09               0.00         1,675,591.92              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                 136,100,000.00         6.00000%       993.69326069        4.96846627         0.00000000         0.00000000
1-A-R                          50.00         6.00000%         0.00000000        0.00000000         0.00000000         0.00000000
1-A-LR                         50.00         6.00000%         0.00000000        0.00000000         0.00000000         0.00000000
2-A-1                  67,940,000.00         6.00000%       994.70668767        4.97353341         0.00000000         0.00000000
CB-IO                           0.00         0.33230%       997.05302038        0.27610224         0.00000000         0.00000000
3-A-1                  15,462,000.00         6.00000%       999.04487065        4.99522442         0.00000000         0.00000000
4-A-1                  48,839,000.00         4.75000%       995.84923770        3.94190319         0.00000000         0.00000000
4-A-2                     693,000.00         4.75000%       995.84923521        3.94190476         0.00000000         0.00000000
5-A-1                  44,880,000.00         5.50000%       987.91683690        4.52795209         0.00000000         0.00000000
5-A-2                     631,000.00         5.50000%       987.91683043        4.52795563         0.00000000         0.00000000
15-IO                           0.00         0.35229%       991.03919200        0.29094051         0.00000000         0.00000000
PO                      7,017,645.00         0.00000%       991.29620549        0.00000000         0.00000000         0.00000000
15-B-1                  1,276,000.00         5.10775%       996.28373824        4.24064263         0.00000000         0.00000000
15-B-2                    490,000.00         5.10775%       996.28373469        4.24065306         0.00000000         0.00000000
15-B-3                    343,000.00         5.10775%       996.28373178        4.24064140         0.00000000         0.00000000
15-B-4                    196,000.00         5.10775%       996.28372449        4.24066327         0.00000000         0.00000000
15-B-5                     99,000.00         5.10775%       996.28373737        4.24060606         0.00000000         0.00000000
15-B-6                    196,248.00         5.10775%       996.28373283        4.24065468         0.00000000         0.00000000
30-B-1                  5,742,000.00         6.00000%       999.00548589        4.99502786         0.00000000         0.00000000
30-B-2                  2,631,000.00         6.00000%       999.00548461        4.99502851         0.00000000         0.00000000
30-B-3                  1,197,000.00         6.00000%       999.00548872        4.99502924         0.00000000         0.00000000
30-B-4                  1,555,000.00         6.00000%       999.00548553        4.99502894         0.00000000         0.00000000
30-B-5                    956,000.00         6.00000%       999.00548117        4.99503138         0.00000000         0.00000000
30-B-6                  1,077,555.00         6.00000%       999.00548928        4.99503042         0.00000000         0.00000000
SES                             0.00         0.00000%       993.85694398        0.00000000         0.00000000         0.00000000
<FN>

(5) All deals 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                   0.00000037         0.00000000         4.96846591        0.00000000       989.37796980
1-A-R                   0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
1-A-LR                  0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
2-A-1                   0.00000044         0.00000000         4.97353312        0.00000000       993.54330321
CB-IO                   0.00000000         0.00000000         0.27610214        0.00000000       991.61653515
3-A-1                   0.00000065         0.00000000         4.99522377        0.00000000       949.64024382
4-A-1                   0.00000000         0.00000000         3.94190319        0.00000000       985.89866295
4-A-2                   0.00000000         0.00000000         3.94190476        0.00000000       985.89865801
5-A-1                   0.00000000         0.00000000         4.52795209        0.00000000       978.14453832
5-A-2                   0.00000000         0.00000000         4.52795563        0.00000000       978.14453249
15-IO                   0.00000000         0.00000000         0.29094051        0.00000000       983.94710739
PO                      0.00000000         0.00000000         0.00000000        0.00000000       989.76196288
15-B-1                  0.00000000         0.00000000         4.24064263        0.00000000       992.54333072
15-B-2                  0.00000000         0.00000000         4.24065306        0.00000000       992.54332653
15-B-3                  0.00000000         0.00000000         4.24064140        0.00000000       992.54332362
15-B-4                  0.00000000         0.00000000         4.24066327        0.00000000       992.54331633
15-B-5                  0.00000000         0.00000000         4.24060606        0.00000000       992.54333333
15-B-6                  0.00000000         0.00000000         4.24065468        0.00000000       992.54331254
30-B-1                  0.00000000         0.00000000         4.99502786        0.00000000       998.00518286
30-B-2                  0.00000000         0.00000000         4.99502851        0.00000000       998.00518434
30-B-3                  0.00000000         0.00000000         4.99502924        0.00000000       998.00517962
30-B-4                  0.00000000         0.00000000         4.99502894        0.00000000       998.00518328
30-B-5                  0.00000000         0.00000000         4.99503138        0.00000000       998.00518828
30-B-6                  0.00000000         0.00000000         4.99503042        0.00000000       998.00519695
SES                     0.00000000         0.00000000         0.17002792        0.00000000       986.73756478
<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-IO               0.30813%      69,489,896.30      68,982,984.11              0.00               0.00       98.89780556%
       2-IO               0.39051%      28,856,000.02      28,826,675.92              0.00               0.00       99.79880077%
       3-IO               0.47346%       6,501,636.21       5,747,034.99              0.00               0.00       88.31681787%
       4-IO               0.42040%      39,126,543.66      38,730,833.56              0.00               0.00       98.58255978%
       5-IO               0.27479%      34,388,175.40      34,257,798.73              0.00               0.00       98.18319463%
       1-PO               0.00000%               0.00               0.00      4,014,089.16       4,008,871.30       99.22496847%
       2-PO               0.00000%               0.00               0.00      2,097,271.86       2,094,549.81       98.33682602%
       3-PO               0.00000%               0.00               0.00        405,055.76         404,627.94       99.79158662%
       4-PO               0.00000%               0.00               0.00        424,023.49         422,059.88       99.11720238%
       5-PO               0.00000%               0.00               0.00         16,124.58          15,689.17       96.88261084%
       1-SES              0.00000%     147,402,760.97     146,801,921.03              0.00               0.00       98.99279295%
       2-SES              0.00000%      73,752,722.89      73,666,986.93              0.00               0.00       99.34993280%
       3-SES              0.00000%      16,775,658.89      16,010,458.74              0.00               0.00       95.34735532%
       4-SES              0.00000%      51,105,290.06      50,605,223.71              0.00               0.00       98.61127990%
       5-SES              0.00000%      46,212,930.82      45,763,253.20              0.00               0.00       97.85294197%




                                                  CERTIFICATEHOLDER ACCOUNT STATEMENT
                                                          CERTIFICATE ACCOUNT

<s>                                                                                      <c>
Beginning Balance                                                                                              0.00
Deposits
     Payments of Interest and Principal                                                                4,095,741.34
     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                                                                                         4,095,741.34

Withdrawals
     Reimbursement for Servicer Advances                                                                       0.00
     Payment of Service Fee                                                                               16,064.20
     Payment of Interest and Principal                                                                 4,079,677.14
Total Withdrawals (Pool Distribution Amount)                                                           4,095,741.34


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                                                                                       13,968.93
Trustee Fee - Wells Fargo Bank, N.A.                                                                       2,095.27
Supported Prepayment/Curtailment Interest Shortfall                                                            0.00
Net Servicing Fee                                                                                         16,064.20






                                         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                         1                      0                       0                       1
                                  55,357.43              0.00                    0.00                    55,357.43

30 Days   27                      0                      0                       0                       27
          2,622,752.80            0.00                   0.00                    0.00                    2,622,752.80

60 Days   1                       0                      0                       0                       1
          87,820.04               0.00                   0.00                    0.00                    87,820.04

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    28                      1                      0                       0                       29
          2,710,572.84            55,357.43              0.00                    0.00                    2,765,930.27


          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                         0.037175%              0.000000%               0.000000%               0.037175%
                                  0.016606%              0.000000%               0.000000%               0.016606%

30 Days   1.003717%               0.000000%              0.000000%               0.000000%               1.003717%
          0.786786%               0.000000%              0.000000%               0.000000%               0.786786%

60 Days   0.037175%               0.000000%              0.000000%               0.000000%               0.037175%
          0.026345%               0.000000%              0.000000%               0.000000%               0.026345%

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    1.040892%               0.037175%              0.000000%               0.000000%               1.078067%
          0.813131%               0.016606%              0.000000%               0.000000%               0.829737%


 
                                                              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                 14                   0                     0                    0                    14
                         1,049,610.97         0.00                  0.00                 0.00                 1,049,610.97

 60 Days                 1                    0                     0                    0                    1
                         87,820.04            0.00                  0.00                 0.00                 87,820.04

 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                  15                   0                     0                    0                    15
                         1,137,431.01         0.00                  0.00                 0.00                 1,137,431.01



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

 30 Days                 1.142857%            0.000000%             0.000000%            0.000000%            1.142857%
                         0.714383%            0.000000%             0.000000%            0.000000%            0.714383%

 60 Days                 0.081633%            0.000000%             0.000000%            0.000000%            0.081633%
                         0.059772%            0.000000%             0.000000%            0.000000%            0.059772%

 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                  1.224490%            0.000000%             0.000000%            0.000000%            1.224490%
                         0.774154%            0.000000%             0.000000%            0.000000%            0.774154%



                         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                 3                    0                     0                    0                    3
                         529,477.56           0.00                  0.00                 0.00                 529,477.56

 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                  3                    0                     0                    0                    3
                         529,477.56           0.00                  0.00                 0.00                 529,477.56



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

 30 Days                 0.621118%            0.000000%             0.000000%            0.000000%            0.621118%
                         0.718211%            0.000000%             0.000000%            0.000000%            0.718211%

 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                  0.621118%            0.000000%             0.000000%            0.000000%            0.621118%
                         0.718211%            0.000000%             0.000000%            0.000000%            0.718211%



                         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%



                         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                 4                    0                     0                    0                    4
                         440,495.39           0.00                  0.00                 0.00                 440,495.39

 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                  4                    0                     0                    0                    4
                         440,495.39           0.00                  0.00                 0.00                 440,495.39



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

 30 Days                 0.849257%            0.000000%             0.000000%            0.000000%            0.849257%
                         0.867636%            0.000000%             0.000000%            0.000000%            0.867636%

 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                  0.849257%            0.000000%             0.000000%            0.000000%            0.849257%
                         0.867636%            0.000000%             0.000000%            0.000000%            0.867636%



                         DELINQUENT           BANKRUPTCY            FORECLOSURE          REO                  Total

<s>                                                                                              
 Group 5                 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                                    1                     0                    0                    1
                                              55,357.43             0.00                 0.00                 55,357.43

 30 Days                 6                    0                     0                    0                    6
                         603,168.88           0.00                  0.00                 0.00                 603,168.88

 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                    1                     0                    0                    7
                         603,168.88           55,357.43             0.00                 0.00                 658,526.31



 0-29 Days                                    0.210526%             0.000000%            0.000000%            0.210526%
                                              0.120581%             0.000000%            0.000000%            0.120581%

 30 Days                 1.263158%            0.000000%             0.000000%            0.000000%            1.263158%
                         1.313839%            0.000000%             0.000000%            0.000000%            1.313839%

 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                  1.263158%            0.210526%             0.000000%            0.000000%            1.473684%
                         1.313839%            0.120581%             0.000000%            0.000000%            1.434420%



 




                                                            OTHER INFORMATION

<s>                                                                                 <c>
Current Period Class A Insufficient Funds                                                                  0.00
Principal Balance of Contaminated Properties                                                               0.00

Periodic Advance                                                                                      18,635.82








 
 
                                   COLLATERAL STATEMENT
                                                                            
 Collateral Description                                                          Fixed

 Weighted Average Gross Coupon                                               6.059043%
 Weighted Average Pass-Through Rate                                          5.801544%
 Weighted Average Maturity(Stepdown Calculation )                                  283
 Beginning Scheduled Collateral Loan Count                                       2,698

 Number Of Loans Paid In Full                                                        8
 Ending Scheduled Collateral Loan Count                                          2,690
 Beginning Scheduled Collateral Balance                                 335,249,363.63
 Ending Scheduled Collateral Balance                                    332,847,843.61
 Ending Actual Collateral Balance at 31-Jan-2004                        333,350,133.71
 Monthly P &I Constant                                                    2,297,387.24
 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                                            3,916,425.04
 Class AP Deferred Amount                                                         0.00
 Ending Scheduled Balance for Premium Loans                             332,847,843.61
 Scheduled Principal                                                        604,645.28
 Unscheduled Principal                                                    1,796,874.74
 
 
 
                                                       


 


                                     Group Level Collateral Statement
                                                   
Group                                                   Group 1                          Group 2                          Group 3
Collateral Description                              Mixed Fixed                      Mixed Fixed                      Mixed Fixed
Weighted Average Coupon Rate                           6.239368                         6.239671                         6.296122
Weighted Average Net Rate                              5.989367                         5.989671                         6.046122
Weighted Average Maturity                                   351                              356                              357
Beginning Loan Count                                      1,231                              483                               37
Loans Paid In Full                                            6                                0                                1
Ending Loan Count                                         1,225                              483                               36
Beginning Scheduled Balance                      147,402,760.97                    73,752,722.89                    16,775,658.89
Ending scheduled Balance                         146,801,921.03                    73,666,986.93                    16,010,458.74
Record Date                                          01/31/2004                       01/31/2004                       01/31/2004
Principal And Interest Constant                      917,427.66                       455,616.64                       104,002.99
Scheduled Principal                                  151,010.98                        72,122.72                        15,985.00
Unscheduled Principal                                449,828.96                        13,613.24                       749,215.15
Scheduled Interest                                   766,416.68                       383,493.92                        88,017.99
Servicing Fees                                        30,708.93                        15,365.15                         3,494.93
Master Servicing Fees                                      0.00                             0.00                             0.00
Trustee Fee                                              921.26                           460.95                           104.86
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                                         734,786.49                       367,667.82                        84,418.20
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                                      5.981868                         5.982171                         6.038622



                                     Group Level Collateral Statement
                                                   
Group                                                   Group 4                           Group 5                            Total
Collateral Description                              Mixed Fixed                       Mixed Fixed                            Fixed
Weighted Average Coupon Rate                           5.289946                          5.960059                         6.059043
Weighted Average Net Rate                              5.039946                          5.710060                         5.809042
Weighted Average Maturity                                   174                               174                              283
Beginning Loan Count                                        472                               475                            2,698
Loans Paid In Full                                            1                                 0                                8
Ending Loan Count                                           471                               475                            2,690
Beginning Scheduled Balance                       51,105,290.06                     46,212,930.82                   335,249,363.63
Ending scheduled Balance                          50,605,223.71                     45,763,253.20                   332,847,843.61
Record Date                                          01/31/2004                        01/31/2004                       01/31/2004
Principal And Interest Constant                      422,705.02                        397,634.93                     2,297,387.24
Scheduled Principal                                  197,418.16                        168,108.42                       604,645.28
Unscheduled Principal                                302,648.19                        281,569.20                     1,796,874.74
Scheduled Interest                                   225,286.86                        229,526.51                     1,692,741.96
Servicing Fees                                        10,646.93                          9,627.68                        69,843.62
Master Servicing Fees                                      0.00                              0.00                             0.00
Trustee Fee                                              319.39                            288.81                         2,095.27
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                                         214,320.54                        219,610.02                     1,620,803.07
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                                      5.032446                          5.702559                         5.801544


  
  
                       Miscellaneous Reporting

                                                                            
  Group Group 1
               CPR                                                                        3.604827%
               Senior %                                                                  94.318227%
               Senior Prepayment %                                                      100.000000%
               Subordinate %                                                              5.681773%
               Subordinate Prepayment %                                                   0.000000%
  Group Group 2
               CPR                                                                        0.221487%
               Senior %                                                                  94.312955%
               Senior Prepayment %                                                      100.000000%
               Subordinate %                                                              5.687045%
               Subordinate Prepayment %                                                   0.000000%
  Group Group 3
               CPR                                                                       42.235829%
               Senior %                                                                  94.359578%
               Senior Prepayment %                                                      100.000000%
               Subordinate %                                                              5.640422%
               Subordinate Prepayment %                                                   0.000000%

  
  
  
                       Miscellaneous Reporting

                                                                            
  Group Group 4
               CPR                                                                        6.905317%
               Senior %                                                                  97.326701%
               Senior Prepayment %                                                      100.000000%
               Subordinate %                                                              2.673299%
               Subordinate Prepayment %                                                   0.000000%
  Group Group 5
               CPR                                                                        7.096291%
               Senior %                                                                  97.325090%
               Senior Prepayment %                                                      100.000000%
               Subordinate %                                                              2.674910%
               Subordinate Prepayment %                                                   0.000000%

  
  Group