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