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):  April 26, 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 April 26, 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
                                        April 26, 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:  4/28/04
                                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 April 26, 2004 distribution.





                   EX-99.1



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



Record Date:             3/31/04
Distribution Date:       4/26/04


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          3.43220%               185,672,688.91         531,054.50      16,462,434.46
1-A-2            05948XXX4       SEN          3.94820%                59,077,595.24         194,375.03       5,238,040.37
1-A-3            05948XXY2       SEN          3.94820%                 1,671,054.20           5,498.04         148,161.91
1-A-R            05948XXZ9       SEN          3.55130%                         0.00               0.00               0.00
1-A-MR           05948XYA3       SEN          3.55130%                         0.00               0.00               0.00
1-A-LR           05948XYB1       SEN          3.55130%                         0.00               0.77               0.00
2-A-1            05948XYC9       SEN          4.20439%               228,428,846.64         800,335.78       6,199,943.42
2-A-2            05948XYD7       SEN          4.51839%               199,875,240.81         752,594.49       5,424,950.49
2-A-3            05948XYE5       SEN          1.65600%                13,057,641.93          18,019.55       2,112,356.15
2-A-4            05948XYF2       SEN          2.70700%                21,440,000.00          48,365.07               0.00
2-A-5            05948XYG0       SEN          3.60600%                35,360,000.00         106,256.80               0.00
2-A-6            05948XYH8       SEN          4.05500%                26,971,000.00          91,139.50               0.00
2-A-7            05948XYJ4       SEN          4.30739%                27,165,000.00          97,508.44               0.00
2-A-8            05948XYK1       SEN          4.30739%                70,403,000.00         252,710.72               0.00
2-A-9            05948XYL9       SEN          3.41400%                23,500,683.09          66,859.44       3,801,744.04
2-A-IO           05948XYM7       IO           1.01003%                         0.00         101,280.30               0.00
3-A-1            05948XYN5       SEN          4.12757%                48,225,050.68         165,876.87          66,810.82
3-A-2            05948XYP0       SEN          4.72657%                29,292,860.28         115,378.95          40,582.23
4-A-1            05948XYQ8       SEN          4.66700%               207,131,964.07         805,571.14       4,154,630.79
B-1              05948XYR6       SUB          4.21699%                16,062,815.74          56,447.25          18,270.00
B-2              05948XYS4       SUB          4.21699%                 7,710,191.33          27,094.82           8,769.65
B-3              05948XYT2       SUB          4.21699%                 5,139,464.57          18,060.88           5,845.68
B-4              05948XYY1       SUB          4.21699%                 1,927,299.21           6,772.83           2,192.13
B-5              05948XYZ8       SUB          4.21699%                 1,927,299.21           6,772.83           2,192.13
B-6              05948XZA2       SUB          4.21699%                 2,570,348.86           9,032.61           2,923.54
1-IO             05948XYV7       IO           0.30479%                         0.00          64,624.26               0.00
2-IO             05948XYW5       IO           0.00115%                         0.00             634.81               0.00
3-IO             05948XYX3       IO           0.01565%                         0.00           1,040.35               0.00
SES              05948XYU9       SEN          0.00000%                         0.00         241,594.26               0.00
Totals                                                             1,212,610,044.77       4,584,900.29      43,689,847.81




                     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     169,210,254.45      16,993,488.96               0.00
1-A-2                         0.00      53,839,554.87       5,432,415.40               0.00
1-A-3                         0.00       1,522,892.29         153,659.95               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               0.77               0.00
2-A-1                         0.00     222,228,903.22       7,000,279.20               0.00
2-A-2                         0.00     194,450,290.32       6,177,544.98               0.00
2-A-3                         0.00      10,945,285.78       2,130,375.70               0.00
2-A-4                         0.00      21,440,000.00          48,365.07               0.00
2-A-5                         0.00      35,360,000.00         106,256.80               0.00
2-A-6                         0.00      26,971,000.00          91,139.50               0.00
2-A-7                         0.00      27,165,000.00          97,508.44               0.00
2-A-8                         0.00      70,403,000.00         252,710.72               0.00
2-A-9                         0.00      19,698,939.05       3,868,603.48               0.00
2-A-IO                        0.00               0.00         101,280.30               0.00
3-A-1                         0.00      48,158,239.86         232,687.69               0.00
3-A-2                         0.00      29,252,278.05         155,961.18               0.00
4-A-1                         0.00     202,977,333.28       4,960,201.93               0.00
B-1                           0.00      16,044,545.74          74,717.25               0.00
B-2                           0.00       7,701,421.69          35,864.47               0.00
B-3                           0.00       5,133,618.89          23,906.56               0.00
B-4                           0.00       1,925,107.09           8,964.96               0.00
B-5                           0.00       1,925,107.09           8,964.96               0.00
B-6                           0.00       2,567,425.32          11,956.15               0.00
1-IO                          0.00               0.00          64,624.26               0.00
2-IO                          0.00               0.00             634.81               0.00
3-IO                          0.00               0.00           1,040.35               0.00
SES                           0.00               0.00         241,594.26               0.00
Totals                        0.00   1,168,920,196.99      48,274,748.10               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       185,672,688.91         278,398.38     16,184,036.08             0.00           0.00
1-A-2                68,409,000.00        59,077,595.24          88,581.18      5,149,459.18             0.00           0.00
1-A-3                 1,935,000.00         1,671,054.20           2,505.59        145,656.32             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       228,428,846.64         240,108.99      5,959,834.43             0.00           0.00
2-A-2               210,000,000.00       199,875,240.81         210,095.36      5,214,855.13             0.00           0.00
2-A-3                17,000,000.00        13,057,641.93          81,806.50      2,030,549.65             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        23,500,683.09         147,232.46      3,654,511.59             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        48,225,050.68             704.91         66,105.91             0.00           0.00
3-A-2                30,371,000.00        29,292,860.28             428.18         40,154.05             0.00           0.00
4-A-1               211,868,000.00       207,131,964.07         280,857.20      3,873,773.59             0.00           0.00
B-1                  16,152,000.00        16,062,815.74          18,270.00              0.00             0.00           0.00
B-2                   7,753,000.00         7,710,191.33           8,769.65              0.00             0.00           0.00
B-3                   5,168,000.00         5,139,464.57           5,845.68              0.00             0.00           0.00
B-4                   1,938,000.00         1,927,299.21           2,192.13              0.00             0.00           0.00
B-5                   1,938,000.00         1,927,299.21           2,192.13              0.00             0.00           0.00
B-6                   2,584,620.00         2,570,348.86           2,923.54              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     1,212,610,044.77       1,370,911.88     42,318,935.93             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                16,462,434.46       169,210,254.45       0.78702444       16,462,434.46
 1-A-2                 5,238,040.37        53,839,554.87       0.78702444        5,238,040.37
 1-A-3                   148,161.91         1,522,892.29       0.78702444          148,161.91
 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                 6,199,943.42       222,228,903.22       0.92595376        6,199,943.42
 2-A-2                 5,424,950.49       194,450,290.32       0.92595376        5,424,950.49
 2-A-3                 2,112,356.15        10,945,285.78       0.64384034        2,112,356.15
 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                 3,801,744.04        19,698,939.05       0.64384034        3,801,744.04
 2-A-IO                        0.00                 0.00       0.00000000                0.00
 3-A-1                    66,810.82        48,158,239.86       0.96316480           66,810.82
 3-A-2                    40,582.23        29,252,278.05       0.96316480           40,582.23
 4-A-1                 4,154,630.79       202,977,333.28       0.95803676        4,154,630.79
 B-1                      18,270.00        16,044,545.74       0.99334731           18,270.00
 B-2                       8,769.65         7,701,421.69       0.99334731            8,769.65
 B-3                       5,845.68         5,133,618.89       0.99334731            5,845.68
 B-4                       2,192.13         1,925,107.09       0.99334731            2,192.13
 B-5                       2,192.13         1,925,107.09       0.99334731            2,192.13
 B-6                       2,923.54         2,567,425.32       0.99334731            2,923.54
 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               43,689,847.81     1,168,920,196.99       0.90470078       43,689,847.81
 



                                     Principal Distribution Factors Statement

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


 <s>           <c>                   <c>                <c>               <c>                <c>
1-A-1                   215,000,000.00       863.59390191        1.29487619        75.27458642         0.00000000
1-A-2                    68,409,000.00       863.59390197        1.29487611        75.27458638         0.00000000
1-A-3                     1,935,000.00       863.59390181        1.29487855        75.27458398         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       951.78686100        1.00045412        24.83264346         0.00000000
2-A-2                   210,000,000.00       951.78686100        1.00045410        24.83264348         0.00000000
2-A-3                    17,000,000.00       768.09658412        4.81214706       119.44409706         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       768.09658419        4.81214734       119.44409694         0.00000000
2-A-IO                            0.00         0.00000000        0.00000000         0.00000000         0.00000000
3-A-1                    50,000,000.00       964.50101360        0.01409820         1.32211820         0.00000000
3-A-2                    30,371,000.00       964.50101347        0.01409832         1.32211814         0.00000000
4-A-1                   211,868,000.00       977.64628953        1.32562350        18.28390125         0.00000000
B-1                      16,152,000.00       994.47843858        1.13112927         0.00000000         0.00000000
B-2                       7,753,000.00       994.47843802        1.13112989         0.00000000         0.00000000
B-3                       5,168,000.00       994.47843847        1.13113003         0.00000000         0.00000000
B-4                       1,938,000.00       994.47843653        1.13113003         0.00000000         0.00000000
B-5                       1,938,000.00       994.47843653        1.13113003         0.00000000         0.00000000
B-6                       2,584,620.00       994.47843784        1.13112953         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        76.56946260       787.02443930        0.78702444        76.56946260
1-A-2                   0.00000000        76.56946264       787.02443933        0.78702444        76.56946264
1-A-3                   0.00000000        76.56946253       787.02443928        0.78702444        76.56946253
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        25.83309758       925.95376342        0.92595376        25.83309758
2-A-2                   0.00000000        25.83309757       925.95376343        0.92595376        25.83309757
2-A-3                   0.00000000       124.25624412       643.84034000        0.64384034       124.25624412
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       124.25624395       643.84034024        0.64384034       124.25624395
2-A-IO                  0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
3-A-1                   0.00000000         1.33621640       963.16479720        0.96316480         1.33621640
3-A-2                   0.00000000         1.33621646       963.16479701        0.96316480         1.33621646
4-A-1                   0.00000000        19.60952475       958.03676478        0.95803676        19.60952475
B-1                     0.00000000         1.13112927       993.34730931        0.99334731         1.13112927
B-2                     0.00000000         1.13112989       993.34730943        0.99334731         1.13112989
B-3                     0.00000000         1.13113003       993.34730844        0.99334731         1.13113003
B-4                     0.00000000         1.13113003       993.34731166        0.99334731         1.13113003
B-5                     0.00000000         1.13113003       993.34731166        0.99334731         1.13113003
B-6                     0.00000000         1.13112953       993.34730831        0.99334731         1.13112953
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         3.43220%     185,672,688.91         531,054.51              0.00               0.00
1-A-2                68,409,000.00         3.94820%      59,077,595.24         194,375.03              0.00               0.00
1-A-3                 1,935,000.00         3.94820%       1,671,054.20           5,498.04              0.00               0.00
1-A-R                        50.00         3.55130%               0.00               0.00              0.00               0.00
1-A-MR                       25.00         3.55130%               0.00               0.00              0.00               0.00
1-A-LR                       25.00         3.55130%               0.00               0.00              0.00               0.00
2-A-1               240,000,000.00         4.20439%     228,428,846.64         800,335.79              0.00               0.00
2-A-2               210,000,000.00         4.51839%     199,875,240.81         752,594.50              0.00               0.00
2-A-3                17,000,000.00         1.65600%      13,057,641.93          18,019.55              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         4.30739%      27,165,000.00          97,508.44              0.00               0.00
2-A-8                70,403,000.00         4.30739%      70,403,000.00         252,710.72              0.00               0.00
2-A-9                30,596,000.00         3.41400%      23,500,683.09          66,859.44              0.00               0.00
2-A-IO                        0.00         1.01003%     120,329,325.02         101,280.30              0.00               0.00
3-A-1                50,000,000.00         4.12757%      48,225,050.68         165,876.88              0.00               0.00
3-A-2                30,371,000.00         4.72657%      29,292,860.28         115,378.95              0.00               0.00
4-A-1               211,868,000.00         4.66700%     207,131,964.07         805,571.15              0.00               0.00
B-1                  16,152,000.00         4.21699%      16,062,815.74          56,447.25              0.00               0.00
B-2                   7,753,000.00         4.21699%       7,710,191.33          27,094.82              0.00               0.00
B-3                   5,168,000.00         4.21699%       5,139,464.57          18,060.88              0.00               0.00
B-4                   1,938,000.00         4.21699%       1,927,299.21           6,772.83              0.00               0.00
B-5                   1,938,000.00         4.21699%       1,927,299.21           6,772.83              0.00               0.00
B-6                   2,584,620.00         4.21699%       2,570,348.86           9,032.61              0.00               0.00
1-IO                          0.00         0.30479%     254,432,057.37          64,624.26              0.00               0.00
2-IO                          0.00         0.00115%     665,302,607.62             634.81              0.00               0.00
3-IO                          0.00         0.01565%      79,791,279.38           1,040.35              0.00               0.00
SES                           0.00         0.00000%   1,212,610,045.52               0.00              0.00               0.00
Totals            1,292,051,720.00                                           4,343,305.31              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           531,054.50              0.00        169,210,254.45
 1-A-2                         0.00               0.00           194,375.03              0.00         53,839,554.87
 1-A-3                         0.00               0.00             5,498.04              0.00          1,522,892.29
 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                 0.77              0.00                  0.00
 2-A-1                         0.01               0.00           800,335.78              0.00        222,228,903.22
 2-A-2                         0.01               0.00           752,594.49              0.00        194,450,290.32
 2-A-3                         0.00               0.00            18,019.55              0.00         10,945,285.78
 2-A-4                         0.00               0.00            48,365.07              0.00         21,440,000.00
 2-A-5                         0.00               0.00           106,256.80              0.00         35,360,000.00
 2-A-6                         0.00               0.00            91,139.50              0.00         26,971,000.00
 2-A-7                         0.00               0.00            97,508.44              0.00         27,165,000.00
 2-A-8                         0.00               0.00           252,710.72              0.00         70,403,000.00
 2-A-9                         0.00               0.00            66,859.44              0.00         19,698,939.05
 2-A-IO                        0.00               0.00           101,280.30              0.00        114,415,224.83
 3-A-1                         0.00               0.00           165,876.87              0.00         48,158,239.86
 3-A-2                         0.00               0.00           115,378.95              0.00         29,252,278.05
 4-A-1                         0.01               0.00           805,571.14              0.00        202,977,333.28
 B-1                           0.00               0.00            56,447.25              0.00         16,044,545.74
 B-2                           0.00               0.00            27,094.82              0.00          7,701,421.69
 B-3                           0.00               0.00            18,060.88              0.00          5,133,618.89
 B-4                           0.00               0.00             6,772.83              0.00          1,925,107.09
 B-5                           0.00               0.00             6,772.83              0.00          1,925,107.09
 B-6                           0.00               0.00             9,032.61              0.00          2,567,425.32
 1-IO                          0.00               0.00            64,624.26              0.00        232,571,409.33
 2-IO                          0.00               0.00               634.81              0.00        647,743,535.63
 3-IO                          0.00               0.00             1,040.35              0.00         79,683,853.10
 SES                           0.00               0.00           241,594.26              0.00      1,168,920,197.72
 Totals                        0.04               0.00         4,584,900.29              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         3.43220%       863.59390191        2.47002098         0.00000000         0.00000000
1-A-2                  68,409,000.00         3.94820%       863.59390197        2.84136634         0.00000000         0.00000000
1-A-3                   1,935,000.00         3.94820%       863.59390181        2.84136434         0.00000000         0.00000000
1-A-R                          50.00         3.55130%         0.00000000        0.00000000         0.00000000         0.00000000
1-A-MR                         25.00         3.55130%         0.00000000        0.00000000         0.00000000         0.00000000
1-A-LR                         25.00         3.55130%         0.00000000        0.00000000         0.00000000         0.00000000
2-A-1                 240,000,000.00         4.20439%       951.78686100        3.33473246         0.00000000         0.00000000
2-A-2                 210,000,000.00         4.51839%       951.78686100        3.58378333         0.00000000         0.00000000
2-A-3                  17,000,000.00         1.65600%       768.09658412        1.05997353         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         4.30739%      1000.00000000        3.58948794         0.00000000         0.00000000
2-A-8                  70,403,000.00         4.30739%      1000.00000000        3.58948795         0.00000000         0.00000000
2-A-9                  30,596,000.00         3.41400%       768.09658419        2.18523467         0.00000000         0.00000000
2-A-IO                          0.00         1.01003%       915.97832804        0.77097216         0.00000000         0.00000000
3-A-1                  50,000,000.00         4.12757%       964.50101360        3.31753760         0.00000000         0.00000000
3-A-2                  30,371,000.00         4.72657%       964.50101347        3.79898423         0.00000000         0.00000000
4-A-1                 211,868,000.00         4.66700%       977.64628953        3.80223134         0.00000000         0.00000000
B-1                    16,152,000.00         4.21699%       994.47843858        3.49475297         0.00000000         0.00000000
B-2                     7,753,000.00         4.21699%       994.47843802        3.49475300         0.00000000         0.00000000
B-3                     5,168,000.00         4.21699%       994.47843847        3.49475232         0.00000000         0.00000000
B-4                     1,938,000.00         4.21699%       994.47843653        3.49475232         0.00000000         0.00000000
B-5                     1,938,000.00         4.21699%       994.47843653        3.49475232         0.00000000         0.00000000
B-6                     2,584,620.00         4.21699%       994.47843784        3.49475358         0.00000000         0.00000000
1-IO                            0.00         0.30479%       867.14531302        0.22024986         0.00000000         0.00000000
2-IO                            0.00         0.00115%       952.97227858        0.00090929         0.00000000         0.00000000
3-IO                            0.00         0.01565%       965.47693949        0.01258827         0.00000000         0.00000000
SES                             0.00         0.00000%       938.51509662        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         2.47002093        0.00000000       787.02443930
1-A-2                   0.00000000         0.00000000         2.84136634        0.00000000       787.02443933
1-A-3                   0.00000000         0.00000000         2.84136434        0.00000000       787.02443928
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        30.80000000        0.00000000         0.00000000
2-A-1                   0.00000004         0.00000000         3.33473242        0.00000000       925.95376342
2-A-2                   0.00000005         0.00000000         3.58378329        0.00000000       925.95376343
2-A-3                   0.00000000         0.00000000         1.05997353        0.00000000       643.84034000
2-A-4                   0.00000000         0.00000000         2.25583349        0.00000000      1000.00000000
2-A-5                   0.00000000         0.00000000         3.00500000        0.00000000      1000.00000000
2-A-6                   0.00000000         0.00000000         3.37916651        0.00000000      1000.00000000
2-A-7                   0.00000000         0.00000000         3.58948794        0.00000000      1000.00000000
2-A-8                   0.00000000         0.00000000         3.58948795        0.00000000      1000.00000000
2-A-9                   0.00000000         0.00000000         2.18523467        0.00000000       643.84034024
2-A-IO                  0.00000000         0.00000000         0.77097216        0.00000000       870.95864890
3-A-1                   0.00000000         0.00000000         3.31753740        0.00000000       963.16479720
3-A-2                   0.00000000         0.00000000         3.79898423        0.00000000       963.16479701
4-A-1                   0.00000005         0.00000000         3.80223129        0.00000000       958.03676478
B-1                     0.00000000         0.00000000         3.49475297        0.00000000       993.34730931
B-2                     0.00000000         0.00000000         3.49475300        0.00000000       993.34730943
B-3                     0.00000000         0.00000000         3.49475232        0.00000000       993.34730844
B-4                     0.00000000         0.00000000         3.49475232        0.00000000       993.34731166
B-5                     0.00000000         0.00000000         3.49475232        0.00000000       993.34731166
B-6                     0.00000000         0.00000000         3.49475358        0.00000000       993.34730831
1-IO                    0.00000000         0.00000000         0.22024986        0.00000000       792.64071370
2-IO                    0.00000000         0.00000000         0.00090929        0.00000000       927.82085327
3-IO                    0.00000000         0.00000000         0.01258827        0.00000000       964.17707819
SES                     0.00000000         0.00000000         0.18698498        0.00000000       904.70077859
<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%     254,432,057.37     232,571,409.33              0.00               0.00       79.26407137%
       2-SES              0.00000%     665,302,607.62     647,743,535.63              0.00               0.00       92.78208533%
       3-SES              0.00000%      79,791,279.38      79,683,853.10              0.00               0.00       96.41770782%
       4-SES              0.00000%     213,084,101.15     208,921,399.66              0.00               0.00       95.89725335%




                                                  CERTIFICATEHOLDER ACCOUNT STATEMENT
                                                          CERTIFICATE ACCOUNT

<s>                                                                                      <c>
Beginning Balance                                                                                              0.00
Deposits
     Payments of Interest and Principal                                                               48,327,294.61
     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                                                                                        48,327,294.61

Withdrawals
     Reimbursement for Servicer Advances                                                                       0.00
     Payment of Service Fee                                                                               52,546.51
     Payment of Interest and Principal                                                                48,274,748.10
Total Withdrawals (Pool Distribution Amount)                                                          48,327,294.61


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                                                                                       50,525.41
Trustee Fee - Wells Fargo Bank, N.A.                                                                       2,021.10
Supported Prepayment/Curtailment Interest Shortfall                                                            0.00
Net Servicing Fee                                                                                         52,546.51






                        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   11                      0                      0                       0                       11
          5,586,042.33            0.00                   0.00                    0.00                    5,586,042.33

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

90 Days   1                       0                      0                       0                       1
          881,250.00              0.00                   0.00                    0.00                    881,250.00

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    12                      0                      0                       0                       12
          6,467,292.33            0.00                   0.00                    0.00                    6,467,292.33


          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   0.484581%               0.000000%              0.000000%               0.000000%               0.484581%
          0.477425%               0.000000%              0.000000%               0.000000%               0.477425%

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

90 Days   0.044053%               0.000000%              0.000000%               0.000000%               0.044053%
          0.075318%               0.000000%              0.000000%               0.000000%               0.075318%

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    0.528634%               0.000000%              0.000000%               0.000000%               0.528634%
          0.552744%               0.000000%              0.000000%               0.000000%               0.552744%


 
                                                   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                 4                    0                     0                    0                    4
                         2,557,684.77         0.00                  0.00                 0.00                 2,557,684.77

 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
                         2,557,684.77         0.00                  0.00                 0.00                 2,557,684.77



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

 30 Days                 0.879121%            0.000000%             0.000000%            0.000000%            0.879121%
                         1.098437%            0.000000%             0.000000%            0.000000%            1.098437%

 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                  0.879121%            0.000000%             0.000000%            0.000000%            0.879121%
                         1.098437%            0.000000%             0.000000%            0.000000%            1.098437%

<caption>

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

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

 30 Days                 4                    0                     0                    0                    4
                         1,591,725.96         0.00                  0.00                 0.00                 1,591,725.96

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

 90 Days                 1                    0                     0                    0                    1
                         881,250.00           0.00                  0.00                 0.00                 881,250.00

 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                  5                    0                     0                    0                    5
                         2,472,975.96         0.00                  0.00                 0.00                 2,472,975.96



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

 30 Days                 0.316706%            0.000000%             0.000000%            0.000000%            0.316706%
                         0.245514%            0.000000%             0.000000%            0.000000%            0.245514%

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

 90 Days                 0.079177%            0.000000%             0.000000%            0.000000%            0.079177%
                         0.135927%            0.000000%             0.000000%            0.000000%            0.135927%

 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                  0.395883%            0.000000%             0.000000%            0.000000%            0.395883%
                         0.381441%            0.000000%             0.000000%            0.000000%            0.381441%

<caption>

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

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

 30 Days                 1                    0                     0                    0                    1
                         399,989.88           0.00                  0.00                 0.00                 399,989.88

 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                  1                    0                     0                    0                    1
                         399,989.88           0.00                  0.00                 0.00                 399,989.88



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

 30 Days                 0.699301%            0.000000%             0.000000%            0.000000%            0.699301%
                         0.501970%            0.000000%             0.000000%            0.000000%            0.501970%

 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                  0.699301%            0.000000%             0.000000%            0.000000%            0.699301%
                         0.501970%            0.000000%             0.000000%            0.000000%            0.501970%

<caption>

                         DELINQUENT           BANKRUPTCY            FORECLOSURE          REO                  Total
 <s>                                                                                              
 Group 4                 No of Loans          No of Loans           No of Loans          No of Loans          No of Loans
                         Principal Balance    Principal Balance     Principal Balance    Principal Balance    Principal Balance

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

 30 Days                 2                    0                     0                    0                    2
                         1,036,641.72         0.00                  0.00                 0.00                 1,036,641.72

 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                  2                    0                     0                    0                    2
                         1,036,641.72         0.00                  0.00                 0.00                 1,036,641.72



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

 30 Days                 0.488998%            0.000000%             0.000000%            0.000000%            0.488998%
                         0.495579%            0.000000%             0.000000%            0.000000%            0.495579%

 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                  0.488998%            0.000000%             0.000000%            0.000000%            0.488998%
                         0.495579%            0.000000%             0.000000%            0.000000%            0.495579%



 




                                                            OTHER INFORMATION

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

Periodic Advance                                                                                           0.00








 
 
                                   COLLATERAL STATEMENT
                                                                            
 Collateral Description                                                      Mixed ARM

 Weighted Average Gross Coupon                                               4.576367%
 Weighted Average Net Coupon                                                 4.300139%
 Weighted Average Pass-Through Rate                                          4.298139%
 Weighted Average Maturity(Stepdown Calculation )                                  350
 Beginning Scheduled Collateral Loan Count                                       2,352

 Number Of Loans Paid In Full                                                       82
 Ending Scheduled Collateral Loan Count                                          2,270
 Beginning Scheduled Collateral Balance                               1,212,610,045.52
 Ending Scheduled Collateral Balance                                  1,168,920,197.72
 Ending Actual Collateral Balance at 31-Mar-2004                      1,170,034,412.50
 Monthly P &I Constant                                                    5,995,369.41
 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                           1,168,920,197.72
 Scheduled Principal                                                      1,370,911.87
 Unscheduled Principal                                                   42,318,935.93
 
 
 
                                                       


 
   
   

               Miscellaneous Reporting
                                                           
   Total Senior %                                                  97.085838%
   Aggregate Subordinate %                                          2.914162%

   


                                     Group Level Collateral Statement
                                                   
Group                                                   Group 1                          Group 2                          Group 3
Collateral Description                                Mixed ARM                        Mixed ARM                        Mixed ARM
Weighted Average Coupon Rate                           4.241198                         4.589386                         4.621570
Weighted Average Net Rate                              3.991198                         4.339385                         4.371570
Weighted Average Maturity                                   350                              351                              350
Beginning Loan Count                                        495                            1,298                              144
Loans Paid In Full                                           40                               35                                1
Ending Loan Count                                           455                            1,263                              143
Beginning Scheduled Balance                      254,432,057.37                   665,302,607.62                    79,791,279.38
Ending scheduled Balance                         232,571,409.33                   647,743,535.63                    79,683,853.10
Record Date                                          03/31/2004                       03/31/2004                       03/31/2004
Principal And Interest Constant                    1,280,743.70                     3,243,763.02                       308,467.11
Scheduled Principal                                  381,496.45                       699,321.20                         1,166.32
Unscheduled Principal                             21,479,151.59                    16,859,750.79                       106,259.96
Scheduled Interest                                   899,247.25                     2,544,441.82                       307,300.79
Servicing Fees                                        53,006.66                       138,604.78                        16,623.16
Master Servicing Fees                                      0.00                             0.00                             0.00
Trustee Fee                                              424.04                         1,108.85                           133.04
FRY Amount                                                 0.00                             0.00                             0.00
Special Hazard Fee                                         0.00                             0.00                             0.00
Other Fee                                             26,503.36                             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                                         819,313.19                     2,404,728.19                       290,544.59
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                                      3.864198                         4.337386                         4.369570



                                     Group Level Collateral Statement
                                                   
Group                                                   Group 4                             Total
Collateral Description                                Mixed ARM                         Mixed ARM
Weighted Average Coupon Rate                           4.919002                          4.576367
Weighted Average Net Rate                              4.669003                          4.300139
Weighted Average Maturity                                   348                               350
Beginning Loan Count                                        415                             2,352
Loans Paid In Full                                            6                                82
Ending Loan Count                                           409                             2,270
Beginning Scheduled Balance                      213,084,101.15                  1,212,610,045.52
Ending scheduled Balance                         208,921,399.66                  1,168,920,197.72
Record Date                                          03/31/2004                        03/31/2004
Principal And Interest Constant                    1,162,395.58                      5,995,369.41
Scheduled Principal                                  288,927.90                      1,370,911.87
Unscheduled Principal                              3,873,773.59                     42,318,935.93
Scheduled Interest                                   873,467.68                      4,624,457.54
Servicing Fees                                        44,392.51                        252,627.11
Master Servicing Fees                                      0.00                              0.00
Trustee Fee                                              355.17                          2,021.10
FRY Amount                                                 0.00                              0.00
Special Hazard Fee                                         0.00                              0.00
Other Fee                                                  0.00                         26,503.36
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                                         828,720.00                      4,343,305.97
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                                      4.667002                          4.298139

  
  
                       Miscellaneous Reporting

                                                                            
  Group Group 1
               CPR                                                                       65.355524%
               Senior %                                                                  96.851529%
               Senior Prepayment %                                                      100.000000%
               Subordinate %                                                              3.148471%
               Subordinate Prepayment %                                                   0.000000%
  Group Group 2
               CPR                                                                       26.533858%
               Senior %                                                                  97.128946%
               Senior Prepayment %                                                      100.000000%
               Subordinate %                                                              2.871054%
               Subordinate Prepayment %                                                   0.000000%
  Group Group 3
               CPR                                                                        1.586439%
               Senior %                                                                  97.150856%
               Senior Prepayment %                                                      100.000000%
               Subordinate %                                                              2.849144%
               Subordinate Prepayment %                                                   0.000000%

  
  
  
                       Miscellaneous Reporting

                                                                            
  Group Group 4
               CPR                                                                       19.785322%
               Senior %                                                                  97.206672%
               Senior Prepayment %                                                      100.000000%
               Subordinate %                                                              2.793328%
               Subordinate Prepayment %                                                   0.000000%