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 MORTGAGE SECURITIES, INC.
             Mortgage Pass-Through Certificates, Series 2003-J Trust
              (Exact name of registrant as specified in its charter)

New York (governing law of            333-105940-14       54-2132818
Pooling and Servicing Agreement)      (Commission         54-2132819
(State or other                       File Number)        54-2132820
jurisdiction                                              IRS EIN
of Incorporation)




       c/o Wells Fargo Bank, 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
 MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2003-J
 Trust.



ITEM 7.  Financial Statements and Exhibits

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


           Exhibit Number               Description

           EX-99.1                      Monthly report distributed to holders of
                                        Mortgage Pass-Through Certificates,
                                        Series 2003-J Trust, relating to the
                                        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 MORTGAGE SECURITIES, INC.
             Mortgage Pass-Through Certificates, Series 2003-J 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:  3/10/04
                                INDEX TO EXHIBITS


Exhibit Number            Description

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





                   EX-99.1



Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates



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


BAM  Series: 2003-J

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       05948XXW6              SEN             3.44224%     201,781,544.34         578,816.19       4,879,523.03
     1-A-2       05948XXX4              SEN             3.95824%      64,203,133.33         211,775.89       1,552,573.45
     1-A-3       05948XXY2              SEN             3.95824%       1,816,033.90           5,990.24          43,915.71
     1-A-R       05948XXZ9              SEN             3.56867%               0.00               0.00               0.00
    1-A-MR       05948XYA3              SEN             3.56867%               0.00               0.00               0.00
    1-A-LR       05948XYB1              SEN             3.56867%               0.00               0.80               0.00
     2-A-1       05948XYC9              SEN             4.21540%     235,620,884.86         827,696.54       2,743,279.73
     2-A-2       05948XYD7              SEN             4.52940%     206,168,274.25         778,181.83       2,400,369.76
     2-A-3       05948XYE5              SEN             1.65600%      15,508,010.45          21,401.05         934,651.08
     2-A-4       05948XYF2              SEN             2.70700%      21,440,000.00          48,365.07               0.00
     2-A-5       05948XYG0              SEN             3.60600%      35,360,000.00         106,256.80               0.00
     2-A-6       05948XYH8              SEN             4.05500%      26,971,000.00          91,139.51               0.00
     2-A-7       05948XYJ4              SEN             4.31840%      27,165,000.00          97,757.74               0.00
     2-A-8       05948XYK1              SEN             4.31840%      70,403,000.00         253,356.82               0.00
     2-A-9       05948XYL9              SEN             3.41400%      27,910,769.86          79,406.14       1,682,152.02
    2-A-IO       05948XYM7              IO              1.04862%               0.00         111,144.86               0.00
     3-A-1       05948XYN5              SEN             4.13277%      48,500,857.36         167,035.55         207,753.37
     3-A-2       05948XYP0              SEN             4.73177%      29,460,390.78         116,166.38         126,193.55
     4-A-1       05948XYQ8              SEN             4.66852%     210,100,588.74         817,382.19       1,045,636.03
      B-1        05948XYR6              SUB             4.22570%      16,098,977.07          56,691.19          17,994.25
      B-2        05948XYS4              SUB             4.22570%       7,727,548.86          27,211.91           8,637.29
      B-3        05948XYT2              SUB             4.22570%       5,151,034.76          18,138.93           5,757.45
      B-4        05948XYY1              SUB             4.22570%       1,931,638.04           6,802.10           2,159.04
      B-5        05948XYZ8              SUB             4.22570%       1,931,638.04           6,802.10           2,159.04
      B-6        05948XZA2              SUB             4.22570%       2,576,135.35           9,071.64           2,879.41
     1-IO        05948XYV7              IO              0.30479%               0.00          70,060.56               0.00
     2-IO        05948XYW5              IO              0.00115%               0.00             654.26               0.00
     3-IO        05948XYX3              IO              0.01565%               0.00           1,046.13               0.00
      SES        05948XYU9              SEN             0.00000%               0.00         247,872.94               0.00
Totals                                                             1,257,826,459.99       4,756,225.36      15,655,634.21




                     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     196,902,021.31       5,458,339.22               0.00
1-A-2                         0.00      62,650,559.89       1,764,349.34               0.00
1-A-3                         0.00       1,772,118.19          49,905.95               0.00
1-A-R                         0.00               0.00               0.00               0.00
1-A-MR                        0.00               0.00               0.00               0.00
1-A-LR                        0.00               0.00               0.80               0.00
2-A-1                         0.00     232,877,605.13       3,570,976.27               0.00
2-A-2                         0.00     203,767,904.49       3,178,551.59               0.00
2-A-3                         0.00      14,573,359.37         956,052.13               0.00
2-A-4                         0.00      21,440,000.00          48,365.07               0.00
2-A-5                         0.00      35,360,000.00         106,256.80               0.00
2-A-6                         0.00      26,971,000.00          91,139.51               0.00
2-A-7                         0.00      27,165,000.00          97,757.74               0.00
2-A-8                         0.00      70,403,000.00         253,356.82               0.00
2-A-9                         0.00      26,228,617.84       1,761,558.16               0.00
2-A-IO                        0.00               0.00         111,144.86               0.00
3-A-1                         0.00      48,293,103.99         374,788.92               0.00
3-A-2                         0.00      29,334,197.23         242,359.93               0.00
4-A-1                         0.00     209,054,952.71       1,863,018.22               0.00
B-1                           0.00      16,080,982.81          74,685.44               0.00
B-2                           0.00       7,718,911.57          35,849.20               0.00
B-3                           0.00       5,145,277.31          23,896.38               0.00
B-4                           0.00       1,929,478.99           8,961.14               0.00
B-5                           0.00       1,929,478.99           8,961.14               0.00
B-6                           0.00       2,573,255.93          11,951.05               0.00
1-IO                          0.00               0.00          70,060.56               0.00
2-IO                          0.00               0.00             654.26               0.00
3-IO                          0.00               0.00           1,046.13               0.00
SES                           0.00               0.00         247,872.94               0.00
Totals                        0.00   1,242,170,825.75      20,411,859.57               0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.




</FN>




                                                Principal Distribution Statement

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

<s>            <c>               <c>                  <c>                <c>               <c>              <c>
1-A-1               215,000,000.00       201,781,544.34         298,183.46      4,581,339.58             0.00           0.00
1-A-2                68,409,000.00        64,203,133.33          94,876.43      1,457,697.02             0.00           0.00
1-A-3                 1,935,000.00         1,816,033.90           2,683.65         41,232.06             0.00           0.00
1-A-R                        50.00                 0.00               0.00              0.00             0.00           0.00
1-A-MR                       25.00                 0.00               0.00              0.00             0.00           0.00
1-A-LR                       25.00                 0.00               0.00              0.00             0.00           0.00
2-A-1               240,000,000.00       235,620,884.86         243,240.82      2,500,038.90             0.00           0.00
2-A-2               210,000,000.00       206,168,274.25         212,835.72      2,187,534.04             0.00           0.00
2-A-3                17,000,000.00        15,508,010.45          82,873.54        851,777.54             0.00           0.00
2-A-4                21,440,000.00        21,440,000.00               0.00              0.00             0.00           0.00
2-A-5                35,360,000.00        35,360,000.00               0.00              0.00             0.00           0.00
2-A-6                26,971,000.00        26,971,000.00               0.00              0.00             0.00           0.00
2-A-7                27,165,000.00        27,165,000.00               0.00              0.00             0.00           0.00
2-A-8                70,403,000.00        70,403,000.00               0.00              0.00             0.00           0.00
2-A-9                30,596,000.00        27,910,769.86         149,152.87      1,532,999.15             0.00           0.00
2-A-IO                        0.00                 0.00               0.00              0.00             0.00           0.00
3-A-1                50,000,000.00        48,500,857.36             364.60        207,388.77             0.00           0.00
3-A-2                30,371,000.00        29,460,390.78             221.47        125,972.08             0.00           0.00
4-A-1               211,868,000.00       210,100,588.74         279,390.95        766,245.08             0.00           0.00
B-1                  16,152,000.00        16,098,977.07          17,994.25              0.00             0.00           0.00
B-2                   7,753,000.00         7,727,548.86           8,637.29              0.00             0.00           0.00
B-3                   5,168,000.00         5,151,034.76           5,757.45              0.00             0.00           0.00
B-4                   1,938,000.00         1,931,638.04           2,159.04              0.00             0.00           0.00
B-5                   1,938,000.00         1,931,638.04           2,159.04              0.00             0.00           0.00
B-6                   2,584,620.00         2,576,135.35           2,879.41              0.00             0.00           0.00
1-IO                          0.00                 0.00               0.00              0.00             0.00           0.00
2-IO                          0.00                 0.00               0.00              0.00             0.00           0.00
3-IO                          0.00                 0.00               0.00              0.00             0.00           0.00
SES                           0.00                 0.00               0.00              0.00             0.00           0.00
Totals            1,292,051,720.00     1,257,826,459.99       1,403,409.99     14,252,224.22             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                 4,879,523.03       196,902,021.31       0.91582335        4,879,523.03
 1-A-2                 1,552,573.45        62,650,559.89       0.91582335        1,552,573.45
 1-A-3                    43,915.71         1,772,118.19       0.91582335           43,915.71
 1-A-R                         0.00                 0.00       0.00000000                0.00
 1-A-MR                        0.00                 0.00       0.00000000                0.00
 1-A-LR                        0.00                 0.00       0.00000000                0.00
 2-A-1                 2,743,279.73       232,877,605.13       0.97032335        2,743,279.73
 2-A-2                 2,400,369.76       203,767,904.49       0.97032335        2,400,369.76
 2-A-3                   934,651.08        14,573,359.37       0.85725643          934,651.08
 2-A-4                         0.00        21,440,000.00       1.00000000                0.00
 2-A-5                         0.00        35,360,000.00       1.00000000                0.00
 2-A-6                         0.00        26,971,000.00       1.00000000                0.00
 2-A-7                         0.00        27,165,000.00       1.00000000                0.00
 2-A-8                         0.00        70,403,000.00       1.00000000                0.00
 2-A-9                 1,682,152.02        26,228,617.84       0.85725643        1,682,152.02
 2-A-IO                        0.00                 0.00       0.00000000                0.00
 3-A-1                   207,753.37        48,293,103.99       0.96586208          207,753.37
 3-A-2                   126,193.55        29,334,197.23       0.96586208          126,193.55
 4-A-1                 1,045,636.03       209,054,952.71       0.98672264        1,045,636.03
 B-1                      17,994.25        16,080,982.81       0.99560320           17,994.25
 B-2                       8,637.29         7,718,911.57       0.99560319            8,637.29
 B-3                       5,757.45         5,145,277.31       0.99560319            5,757.45
 B-4                       2,159.04         1,929,478.99       0.99560319            2,159.04
 B-5                       2,159.04         1,929,478.99       0.99560319            2,159.04
 B-6                       2,879.41         2,573,255.93       0.99560320            2,879.41
 1-IO                          0.00                 0.00       0.00000000                0.00
 2-IO                          0.00                 0.00       0.00000000                0.00
 3-IO                          0.00                 0.00       0.00000000                0.00
 SES                           0.00                 0.00       0.00000000                0.00

 Totals               15,655,634.21     1,242,170,825.75       0.96139404       15,655,634.21
 



                                     Principal Distribution Factors Statement

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


 <s>           <c>                   <c>                <c>               <c>                <c>
1-A-1                   215,000,000.00       938.51881088        1.38689981        21.30855619         0.00000000
1-A-2                    68,409,000.00       938.51881083        1.38689982        21.30855618         0.00000000
1-A-3                     1,935,000.00       938.51881137        1.38689922        21.30855814         0.00000000
1-A-R                            50.00         0.00000000        0.00000000         0.00000000         0.00000000
1-A-MR                           25.00         0.00000000        0.00000000         0.00000000         0.00000000
1-A-LR                           25.00         0.00000000        0.00000000         0.00000000         0.00000000
2-A-1                   240,000,000.00       981.75368692        1.01350342        10.41682875         0.00000000
2-A-2                   210,000,000.00       981.75368690        1.01350343        10.41682876         0.00000000
2-A-3                    17,000,000.00       912.23590882        4.87491412        50.10456118         0.00000000
2-A-4                    21,440,000.00      1000.00000000        0.00000000         0.00000000         0.00000000
2-A-5                    35,360,000.00      1000.00000000        0.00000000         0.00000000         0.00000000
2-A-6                    26,971,000.00      1000.00000000        0.00000000         0.00000000         0.00000000
2-A-7                    27,165,000.00      1000.00000000        0.00000000         0.00000000         0.00000000
2-A-8                    70,403,000.00      1000.00000000        0.00000000         0.00000000         0.00000000
2-A-9                    30,596,000.00       912.23590862        4.87491404        50.10456105         0.00000000
2-A-IO                            0.00         0.00000000        0.00000000         0.00000000         0.00000000
3-A-1                    50,000,000.00       970.01714720        0.00729200         4.14777540         0.00000000
3-A-2                    30,371,000.00       970.01714728        0.00729215         4.14777518         0.00000000
4-A-1                   211,868,000.00       991.65796033        1.31870292         3.61661544         0.00000000
B-1                      16,152,000.00       996.71725297        1.11405708         0.00000000         0.00000000
B-2                       7,753,000.00       996.71725268        1.11405778         0.00000000         0.00000000
B-3                       5,168,000.00       996.71725232        1.11405766         0.00000000         0.00000000
B-4                       1,938,000.00       996.71725490        1.11405573         0.00000000         0.00000000
B-5                       1,938,000.00       996.71725490        1.11405573         0.00000000         0.00000000
B-6                       2,584,620.00       996.71725437        1.11405545         0.00000000         0.00000000
1-IO                              0.00         0.00000000        0.00000000         0.00000000         0.00000000
2-IO                              0.00         0.00000000        0.00000000         0.00000000         0.00000000
3-IO                              0.00         0.00000000        0.00000000         0.00000000         0.00000000
SES                               0.00         0.00000000        0.00000000         0.00000000         0.00000000
<FN>
(2) All Classes are per $1,000 denomination.
</FN>







                                Principal Distribution Factors Statement (continued)

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

<s>            <c>               <c>                <c>                <c>               <c>
1-A-1                   0.00000000        22.69545595       915.82335493        0.91582335        22.69545595
1-A-2                   0.00000000        22.69545601       915.82335497        0.91582335        22.69545601
1-A-3                   0.00000000        22.69545736       915.82335401        0.91582335        22.69545736
1-A-R                   0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
1-A-MR                  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        11.43033221       970.32335471        0.97032335        11.43033221
2-A-2                   0.00000000        11.43033219       970.32335471        0.97032335        11.43033219
2-A-3                   0.00000000        54.97947529       857.25643353        0.85725643        54.97947529
2-A-4                   0.00000000         0.00000000     1,000.00000000        1.00000000         0.00000000
2-A-5                   0.00000000         0.00000000     1,000.00000000        1.00000000         0.00000000
2-A-6                   0.00000000         0.00000000     1,000.00000000        1.00000000         0.00000000
2-A-7                   0.00000000         0.00000000     1,000.00000000        1.00000000         0.00000000
2-A-8                   0.00000000         0.00000000     1,000.00000000        1.00000000         0.00000000
2-A-9                   0.00000000        54.97947509       857.25643352        0.85725643        54.97947509
2-A-IO                  0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
3-A-1                   0.00000000         4.15506740       965.86207980        0.96586208         4.15506740
3-A-2                   0.00000000         4.15506733       965.86207994        0.96586208         4.15506733
4-A-1                   0.00000000         4.93531836       986.72264198        0.98672264         4.93531836
B-1                     0.00000000         1.11405708       995.60319527        0.99560320         1.11405708
B-2                     0.00000000         1.11405778       995.60319489        0.99560319         1.11405778
B-3                     0.00000000         1.11405766       995.60319466        0.99560319         1.11405766
B-4                     0.00000000         1.11405573       995.60319401        0.99560319         1.11405573
B-5                     0.00000000         1.11405573       995.60319401        0.99560319         1.11405573
B-6                     0.00000000         1.11405545       995.60319505        0.99560320         1.11405545
1-IO                    0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
2-IO                    0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
3-IO                    0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
SES                     0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
    Unless Otherwise Disclosed.
    Please Refer to the Prospectus Supplement for a Full Description.
</FN>









                                                Interest Distribution Statement

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

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

1-A-1               215,000,000.00         3.44224%     201,781,544.34         578,816.18              0.00               0.00
1-A-2                68,409,000.00         3.95824%      64,203,133.33         211,775.89              0.00               0.00
1-A-3                 1,935,000.00         3.95824%       1,816,033.90           5,990.24              0.00               0.00
1-A-R                        50.00         3.56867%               0.00               0.00              0.00               0.00
1-A-MR                       25.00         3.56867%               0.00               0.00              0.00               0.00
1-A-LR                       25.00         3.56867%               0.00               0.00              0.00               0.00
2-A-1               240,000,000.00         4.21540%     235,620,884.86         827,696.52              0.00               0.00
2-A-2               210,000,000.00         4.52940%     206,168,274.25         778,181.82              0.00               0.00
2-A-3                17,000,000.00         1.65600%      15,508,010.45          21,401.05              0.00               0.00
2-A-4                21,440,000.00         2.70700%      21,440,000.00          48,365.07              0.00               0.00
2-A-5                35,360,000.00         3.60600%      35,360,000.00         106,256.80              0.00               0.00
2-A-6                26,971,000.00         4.05500%      26,971,000.00          91,139.50              0.00               0.00
2-A-7                27,165,000.00         4.31840%      27,165,000.00          97,757.74              0.00               0.00
2-A-8                70,403,000.00         4.31840%      70,403,000.00         253,356.82              0.00               0.00
2-A-9                30,596,000.00         3.41400%      27,910,769.86          79,406.14              0.00               0.00
2-A-IO                        0.00         1.04862%     127,189,780.31         111,144.86              0.00               0.00
3-A-1                50,000,000.00         4.13277%      48,500,857.36         167,035.55              0.00               0.00
3-A-2                30,371,000.00         4.73177%      29,460,390.78         116,166.38              0.00               0.00
4-A-1               211,868,000.00         4.66852%     210,100,588.74         817,382.18              0.00               0.00
B-1                  16,152,000.00         4.22570%      16,098,977.07          56,691.19              0.00               0.00
B-2                   7,753,000.00         4.22570%       7,727,548.86          27,211.91              0.00               0.00
B-3                   5,168,000.00         4.22570%       5,151,034.76          18,138.93              0.00               0.00
B-4                   1,938,000.00         4.22570%       1,931,638.04           6,802.10              0.00               0.00
B-5                   1,938,000.00         4.22570%       1,931,638.04           6,802.10              0.00               0.00
B-6                   2,584,620.00         4.22570%       2,576,135.35           9,071.64              0.00               0.00
1-IO                          0.00         0.30479%     275,835,324.98          70,060.56              0.00               0.00
2-IO                          0.00         0.00115%     685,687,804.04             654.26              0.00               0.00
3-IO                          0.00         0.01565%      80,234,652.51           1,046.13              0.00               0.00
SES                           0.00         0.00000%   1,257,826,460.70               0.00              0.00               0.00
Totals            1,292,051,720.00                                           4,508,351.56              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                        (0.01)              0.00           578,816.19              0.00        196,902,021.31
 1-A-2                         0.00               0.00           211,775.89              0.00         62,650,559.89
 1-A-3                         0.00               0.00             5,990.24              0.00          1,772,118.19
 1-A-R                         0.00               0.00                 0.00              0.00                  0.00
 1-A-MR                        0.00               0.00                 0.00              0.00                  0.00
 1-A-LR                        0.00               0.00                 0.80              0.00                  0.00
 2-A-1                        (0.01)              0.00           827,696.54              0.00        232,877,605.13
 2-A-2                        (0.01)              0.00           778,181.83              0.00        203,767,904.49
 2-A-3                         0.00               0.00            21,401.05              0.00         14,573,359.37
 2-A-4                         0.00               0.00            48,365.07              0.00         21,440,000.00
 2-A-5                         0.00               0.00           106,256.80              0.00         35,360,000.00
 2-A-6                         0.00               0.00            91,139.51              0.00         26,971,000.00
 2-A-7                         0.00               0.00            97,757.74              0.00         27,165,000.00
 2-A-8                         0.00               0.00           253,356.82              0.00         70,403,000.00
 2-A-9                         0.00               0.00            79,406.14              0.00         26,228,617.84
 2-A-IO                        0.00               0.00           111,144.86              0.00        124,572,977.21
 3-A-1                         0.00               0.00           167,035.55              0.00         48,293,103.99
 3-A-2                         0.00               0.00           116,166.38              0.00         29,334,197.23
 4-A-1                        (0.01)              0.00           817,382.19              0.00        209,054,952.71
 B-1                           0.00               0.00            56,691.19              0.00         16,080,982.81
 B-2                           0.00               0.00            27,211.91              0.00          7,718,911.57
 B-3                           0.00               0.00            18,138.93              0.00          5,145,277.31
 B-4                           0.00               0.00             6,802.10              0.00          1,929,478.99
 B-5                           0.00               0.00             6,802.10              0.00          1,929,478.99
 B-6                           0.00               0.00             9,071.64              0.00          2,573,255.93
 1-IO                          0.00               0.00            70,060.56              0.00        269,347,439.61
 2-IO                          0.00               0.00               654.26              0.00        677,907,591.57
 3-IO                          0.00               0.00             1,046.13              0.00         79,900,688.50
 SES                           0.00               0.00           247,872.94              0.00      1,242,170,826.48
 Totals                       (0.04)              0.00         4,756,225.36              0.00
 <FN>
 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
     Please Refer to the Prospectus Supplement for a Full Description.


 </FN>
 




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


<s>           <c>                  <c>              <c>                <c>               <c>                <c>
1-A-1                 215,000,000.00         3.44224%       938.51881088        2.69216828         0.00000000         0.00000000
1-A-2                  68,409,000.00         3.95824%       938.51881083        3.09573141         0.00000000         0.00000000
1-A-3                   1,935,000.00         3.95824%       938.51881137        3.09573127         0.00000000         0.00000000
1-A-R                          50.00         3.56867%         0.00000000        0.00000000         0.00000000         0.00000000
1-A-MR                         25.00         3.56867%         0.00000000        0.00000000         0.00000000         0.00000000
1-A-LR                         25.00         3.56867%         0.00000000        0.00000000         0.00000000         0.00000000
2-A-1                 240,000,000.00         4.21540%       981.75368692        3.44873550         0.00000000         0.00000000
2-A-2                 210,000,000.00         4.52940%       981.75368690        3.70562771         0.00000000         0.00000000
2-A-3                  17,000,000.00         1.65600%       912.23590882        1.25888529         0.00000000         0.00000000
2-A-4                  21,440,000.00         2.70700%      1000.00000000        2.25583349         0.00000000         0.00000000
2-A-5                  35,360,000.00         3.60600%      1000.00000000        3.00500000         0.00000000         0.00000000
2-A-6                  26,971,000.00         4.05500%      1000.00000000        3.37916651         0.00000000         0.00000000
2-A-7                  27,165,000.00         4.31840%      1000.00000000        3.59866519         0.00000000         0.00000000
2-A-8                  70,403,000.00         4.31840%      1000.00000000        3.59866511         0.00000000         0.00000000
2-A-9                  30,596,000.00         3.41400%       912.23590862        2.59531115         0.00000000         0.00000000
2-A-IO                          0.00         1.04862%       968.20190999        0.84606378         0.00000000         0.00000000
3-A-1                  50,000,000.00         4.13277%       970.01714720        3.34071100         0.00000000         0.00000000
3-A-2                  30,371,000.00         4.73177%       970.01714728        3.82491126         0.00000000         0.00000000
4-A-1                 211,868,000.00         4.66852%       991.65796033        3.85797846         0.00000000         0.00000000
B-1                    16,152,000.00         4.22570%       996.71725297        3.50985575         0.00000000         0.00000000
B-2                     7,753,000.00         4.22570%       996.71725268        3.50985554         0.00000000         0.00000000
B-3                     5,168,000.00         4.22570%       996.71725232        3.50985488         0.00000000         0.00000000
B-4                     1,938,000.00         4.22570%       996.71725490        3.50985552         0.00000000         0.00000000
B-5                     1,938,000.00         4.22570%       996.71725490        3.50985552         0.00000000         0.00000000
B-6                     2,584,620.00         4.22570%       996.71725437        3.50985445         0.00000000         0.00000000
1-IO                            0.00         0.30479%       940.09108637        0.23877764         0.00000000         0.00000000
2-IO                            0.00         0.00115%       982.17181404        0.00093715         0.00000000         0.00000000
3-IO                            0.00         0.01565%       970.84176803        0.01265821         0.00000000         0.00000000
SES                             0.00         0.00000%       973.51092106        0.00000000         0.00000000         0.00000000
<FN>

(5) All Classes are per $1,000 denomination.

</FN>




                                 Interest Distribution Factors Statement (continued)

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


<s>            <c>               <c>                <c>                <c>            <c>
1-A-1                  (0.00000005)        0.00000000         2.69216833        0.00000000       915.82335493
1-A-2                   0.00000000         0.00000000         3.09573141        0.00000000       915.82335497
1-A-3                   0.00000000         0.00000000         3.09573127        0.00000000       915.82335401
1-A-R                   0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
1-A-MR                  0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
1-A-LR                  0.00000000         0.00000000        32.00000000        0.00000000         0.00000000
2-A-1                  (0.00000004)        0.00000000         3.44873558        0.00000000       970.32335471
2-A-2                  (0.00000005)        0.00000000         3.70562776        0.00000000       970.32335471
2-A-3                   0.00000000         0.00000000         1.25888529        0.00000000       857.25643353
2-A-4                   0.00000000         0.00000000         2.25583349        0.00000000      1000.00000000
2-A-5                   0.00000000         0.00000000         3.00500000        0.00000000      1000.00000000
2-A-6                   0.00000000         0.00000000         3.37916688        0.00000000      1000.00000000
2-A-7                   0.00000000         0.00000000         3.59866519        0.00000000      1000.00000000
2-A-8                   0.00000000         0.00000000         3.59866511        0.00000000      1000.00000000
2-A-9                   0.00000000         0.00000000         2.59531115        0.00000000       857.25643352
2-A-IO                  0.00000000         0.00000000         0.84606378        0.00000000       948.28211963
3-A-1                   0.00000000         0.00000000         3.34071100        0.00000000       965.86207980
3-A-2                   0.00000000         0.00000000         3.82491126        0.00000000       965.86207994
4-A-1                  (0.00000005)        0.00000000         3.85797851        0.00000000       986.72264198
B-1                     0.00000000         0.00000000         3.50985575        0.00000000       995.60319527
B-2                     0.00000000         0.00000000         3.50985554        0.00000000       995.60319489
B-3                     0.00000000         0.00000000         3.50985488        0.00000000       995.60319466
B-4                     0.00000000         0.00000000         3.50985552        0.00000000       995.60319401
B-5                     0.00000000         0.00000000         3.50985552        0.00000000       995.60319401
B-6                     0.00000000         0.00000000         3.50985445        0.00000000       995.60319505
1-IO                    0.00000000         0.00000000         0.23877764        0.00000000       917.97933108
2-IO                    0.00000000         0.00000000         0.00093715        0.00000000       971.02752162
3-IO                    0.00000000         0.00000000         0.01265821        0.00000000       966.80079321
SES                     0.00000000         0.00000000         0.19184444        0.00000000       961.39404217
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless
    Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>








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

<s>              <c>             <c>                <c>                <c>               <c>                <c>
       1-SES              0.00000%     275,835,324.98     269,347,439.61              0.00               0.00       91.79793311%
       2-SES              0.00000%     685,687,804.04     677,907,591.57              0.00               0.00       97.10275216%
       3-SES              0.00000%      80,234,652.51      79,900,688.50              0.00               0.00       96.68007932%
       4-SES              0.00000%     216,068,679.17     215,015,106.80              0.00               0.00       98.69433292%




                                                  CERTIFICATEHOLDER ACCOUNT STATEMENT
                                                          CERTIFICATE ACCOUNT

<s>                                                                                      <c>
Beginning Balance                                                                                              0.00
Deposits
     Payments of Interest and Principal                                                               20,466,365.86
     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                                                                                        20,466,365.86

Withdrawals
     Reimbursement for Servicer Advances                                                                       0.00
     Payment of Service Fee                                                                               54,506.29
     Payment of Interest and Principal                                                                20,411,859.57
Total Withdrawals (Pool Distribution Amount)                                                          20,466,365.86


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                                                                                       52,409.89
Trustee Fee - Wells Fargo Bank, N.A.                                                                       2,096.40
Supported Prepayment/Curtailment Interest Shortfall                                                            0.00
Net Servicing Fee                                                                                         54,506.29






                                         LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
                                                           DELINQUENCY STATUS

         DELINQUENT               BANKRUPTCY             FORECLOSURE             REO                     Total

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

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

30 Days   7                       0                      0                       0                       7
          3,254,898.33            0.00                   0.00                    0.00                    3,254,898.33

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    7                       0                      0                       0                       7
          3,254,898.33            0.00                   0.00                    0.00                    3,254,898.33


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

30 Days   0.291181%               0.000000%              0.000000%               0.000000%               0.291181%
          0.261783%               0.000000%              0.000000%               0.000000%               0.261783%

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    0.291181%               0.000000%              0.000000%               0.000000%               0.291181%
          0.261783%               0.000000%              0.000000%               0.000000%               0.261783%


 
                                                             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                 3                    0                     0                    0                    3
                         1,217,149.61         0.00                  0.00                 0.00                 1,217,149.61

 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
                         1,217,149.61         0.00                  0.00                 0.00                 1,217,149.61



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

 30 Days                 0.573614%            0.000000%             0.000000%            0.000000%            0.573614%
                         0.451330%            0.000000%             0.000000%            0.000000%            0.451330%

 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                  0.573614%            0.000000%             0.000000%            0.000000%            0.573614%
                         0.451330%            0.000000%             0.000000%            0.000000%            0.451330%



                         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                 4                    0                     0                    0                    4
                         2,037,748.72         0.00                  0.00                 0.00                 2,037,748.72

 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
                         2,037,748.72         0.00                  0.00                 0.00                 2,037,748.72



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

 30 Days                 0.303260%            0.000000%             0.000000%            0.000000%            0.303260%
                         0.300331%            0.000000%             0.000000%            0.000000%            0.300331%

 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                  0.303260%            0.000000%             0.000000%            0.000000%            0.303260%
                         0.300331%            0.000000%             0.000000%            0.000000%            0.300331%



                         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                 0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

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

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

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

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

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

 Totals                  0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00



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

 30 Days                 0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

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

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

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

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

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

 Totals                  0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%



 




                                                            OTHER INFORMATION

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

Periodic Advance                                                                                      15,565.52








 
 
                                   COLLATERAL STATEMENT
                                                                            
 Collateral Description                                                      Mixed ARM

 Weighted Average Gross Coupon                                               4.580500%
 Weighted Average Net Coupon                                                 4.303088%
 Weighted Average Pass-Through Rate                                          4.301088%
 Weighted Average Maturity(Stepdown Calculation )                                  352
 Beginning Scheduled Collateral Loan Count                                       2,427

 Number Of Loans Paid In Full                                                       23
 Ending Scheduled Collateral Loan Count                                          2,404
 Beginning Scheduled Collateral Balance                               1,257,826,460.70
 Ending Scheduled Collateral Balance                                  1,242,170,826.48
 Ending Actual Collateral Balance at 31-Jan-2004                      1,243,358,139.57
 Monthly P &I Constant                                                    6,204,638.77
 Special Servicing Fee                                                            0.00
 Prepayment Penalties                                                             0.00
 Realized Loss Amount                                                             0.00
 Cumulative Realized Loss                                                         0.00
 Ending Scheduled Balance for Premium Loans                           1,242,170,826.48
 Scheduled Principal                                                      1,403,410.00
 Unscheduled Principal                                                   14,252,224.22
 
 
 
                                                       


 
   
   

               Miscellaneous Reporting
                                                           
   Total Senior %                                                  97.184272%
   Aggregate Subordinate %                                          2.815728%

   


                                     Group Level Collateral Statement
                                                   
Group                                                   Group 1                          Group 2                          Group 3
Collateral Description                                Mixed ARM                        Mixed ARM                        Mixed ARM
Weighted Average Coupon Rate                           4.251235                         4.600398                         4.626765
Weighted Average Net Rate                              4.001235                         4.350398                         4.376765
Weighted Average Maturity                                   352                              353                              352
Beginning Loan Count                                        532                            1,331                              145
Loans Paid In Full                                            9                               12                                1
Ending Loan Count                                           523                            1,319                              144
Beginning Scheduled Balance                      275,835,324.98                   685,687,804.04                    80,234,652.51
Ending scheduled Balance                         269,347,439.61                   677,907,591.57                    79,900,688.50
Record Date                                          01/31/2004                       01/31/2004                       01/31/2004
Principal And Interest Constant                    1,384,817.29                     3,336,560.22                       309,958.91
Scheduled Principal                                  407,616.72                       707,862.83                           603.16
Unscheduled Principal                              6,080,268.65                     7,072,349.64                       333,360.85
Scheduled Interest                                   977,200.57                     2,628,697.39                       309,355.75
Servicing Fees                                        57,465.71                       142,851.66                        16,715.54
Master Servicing Fees                                      0.00                             0.00                             0.00
Trustee Fee                                              459.71                         1,142.85                           133.76
FRY Amount                                                 0.00                             0.00                             0.00
Special Hazard Fee                                         0.00                             0.00                             0.00
Other Fee                                             28,732.83                             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                                         890,542.32                     2,484,702.88                       292,506.45
Realized Loss Amount                                       0.00                             0.00                             0.00
Cumulative Realized Loss                                   0.00                             0.00                             0.00
Percentage of Cumulative Losses                          0.0000                           0.0000                           0.0000
Prepayment Penalties                                       0.00                             0.00                             0.00
Special Servicing Fee                                      0.00                             0.00                             0.00
Pass-Through Rate                                      3.874235                         4.348398                         4.374765



                                     Group Level Collateral Statement
                                                   
Group                                                   Group 4                             Total
Collateral Description                                Mixed ARM                         Mixed ARM
Weighted Average Coupon Rate                           4.920519                          4.580500
Weighted Average Net Rate                              4.670519                          4.303088
Weighted Average Maturity                                   350                               352
Beginning Loan Count                                        419                             2,427
Loans Paid In Full                                            1                                23
Ending Loan Count                                           418                             2,404
Beginning Scheduled Balance                      216,068,679.17                  1,257,826,460.70
Ending scheduled Balance                         215,015,106.80                  1,242,170,826.48
Record Date                                          01/31/2004                        01/31/2004
Principal And Interest Constant                    1,173,302.35                      6,204,638.77
Scheduled Principal                                  287,327.29                      1,403,410.00
Unscheduled Principal                                766,245.08                     14,252,224.22
Scheduled Interest                                   885,975.06                      4,801,228.77
Servicing Fees                                        45,014.31                        262,047.22
Master Servicing Fees                                      0.00                              0.00
Trustee Fee                                              360.08                          2,096.40
FRY Amount                                                 0.00                              0.00
Special Hazard Fee                                         0.00                              0.00
Other Fee                                                  0.00                         28,732.83
Pool Insurance Fee                                         0.00                              0.00
Spread Fee 1                                               0.00                              0.00
Spread Fee 2                                               0.00                              0.00
Spread Fee 3                                               0.00                              0.00
Net Interest                                         840,600.67                      4,508,352.32
Realized Loss Amount                                       0.00                              0.00
Cumulative Realized Loss                                   0.00                              0.00
Percentage of Cumulative Losses                          0.0000                            0.0000
Prepayment Penalties                                       0.00                              0.00
Special Servicing Fee                                      0.00                              0.00
Pass-Through Rate                                      4.668519                          4.301088

  
  
                       Miscellaneous Reporting

                                                                            
  Group Group 1
               CPR                                                                       23.499781%
               Senior %                                                                  97.087170%
               Senior Prepayment %                                                      100.000000%
               Subordinate %                                                              2.912830%
               Subordinate Prepayment %                                                   0.000000%
  Group Group 2
               CPR                                                                       11.709958%
               Senior %                                                                  97.208516%
               Senior Prepayment %                                                      100.000000%
               Subordinate %                                                              2.791484%
               Subordinate Prepayment %                                                   0.000000%
  Group Group 3
               CPR                                                                        4.873455%
               Senior %                                                                  97.166555%
               Senior Prepayment %                                                      100.000000%
               Subordinate %                                                              2.833445%
               Subordinate Prepayment %                                                   0.000000%

  
  
  
                       Miscellaneous Reporting

                                                                            
  Group Group 4
               CPR                                                                        4.178983%
               Senior %                                                                  97.237873%
               Senior Prepayment %                                                      100.000000%
               Subordinate %                                                              2.762127%
               Subordinate Prepayment %                                                   0.000000%