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):  December 27, 2004

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

New York (governing law of            333-101500-10
Pooling and Servicing Agreement)      (Commission         54-2110367
(State or other                       File Number)        54-2110368
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)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act(17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act(17 CFR 240.13e-4(c))


ITEM 8.01  Other Events

 On December 27, 2004 a distribution was made to holders of BANC OF AMERICA
 MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2003-D
 Trust.


ITEM 9.01  Financial Statements and Exhibits

      (c)  Exhibits


           Exhibit Number               Description
           EX-99.1                      Monthly report distributed to holders of
                                        Mortgage Pass-Through Certificates,
                                        Series 2003-D Trust, relating to the
                                        December 27, 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-D Trust
                                   (Registrant)

              By:    Wells Fargo Bank, N.A. as Trustee
              By:   /s/   Beth Belfield as Assistant Vice President
              By:    Beth Belfield as Assistant Vice President
              Date:  12/27/2004

                                INDEX TO EXHIBITS

Exhibit Number            Description
EX-99.1                   Monthly report distributed to holders of Mortgage
                          Pass-Through Certificates, Series 2003-D Trust,
                          relating to the December 27, 2004 distribution.




                   EX-99.1



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


Record Date:             11/30/2004
Distribution Date:       12/27/2004


Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Series 2003-D


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-A1        05948XBN0              SEN             3.42800%      30,405,276.91          86,857.74       2,033,080.99
     1-A2        05948XBP5              SEN             3.42800%         827,796.23           2,364.74          55,351.47
     1-AR        05948XBQ3              SEN             3.42800%               0.00               0.00               0.00
     1-ALR       05948XBR1              SEN             3.42800%               0.00               0.08               0.00
     2-A1        05948XBS9              SEN             4.18300%      61,967,204.25         216,007.36       1,849,379.13
     2-A2        05948XBT7              SEN             3.60100%      14,559,108.19          43,689.46         434,509.05
     2-A3        05948XBU4              SEN             3.87600%      27,298,327.87          88,173.60         814,704.46
     2-A4        05948XBV2              SEN             4.34100%     121,321,776.54         438,881.55       3,620,785.61
     2-A5        05948XBW0              SEN             4.18300%      10,919,331.15          38,062.97         325,881.78
     2-A6        05948XBX8              SEN             4.18300%         297,733.76           1,037.85           8,885.71
     3-A1        05948XBY6              SEN             4.56900%      25,470,811.44          96,980.12         871,287.08
      AP         05948XBZ3              PO              0.00000%         889,754.11               0.00          30,122.97
      B-1        05948XCA7              SUB             4.10005%       9,585,292.62          32,750.14         171,181.80
      B-2        05948XCB5              SUB             4.10005%       3,686,257.90          12,594.86          65,832.13
      B-3        05948XCC3              SUB             4.10005%       2,579,869.50           8,814.66          46,073.37
      B-4        05948XCD1              SUB             4.10005%       1,475,184.54           5,040.27          26,345.02
      B-5        05948XCE9              SUB             4.10005%       1,105,536.68           3,777.29          19,743.56
      B-6        05948XCF6              SUB             4.10005%       1,106,373.93           3,780.16          19,758.51
     W-IO        05948XCH2              SEN             0.59987%               0.00         149,327.28               0.00
      SES        05948XCG4              SEN             0.00000%               0.00          57,955.65               0.00
Totals                                                               313,495,635.62       1,286,095.78      10,392,922.64




                     Certificateholder Distribution Summary (continued)

                          Current             Ending                            Cumulative
                         Realized        Certificate              Total           Realized
Class                         Loss            Balance       Distribution             Losses

<s>            <c>               <c>                <c>                <c>
1-A1                          0.00      28,372,195.92       2,119,938.73               0.00
1-A2                          0.00         772,444.76          57,716.21               0.00
1-AR                          0.00               0.00               0.00               0.00
1-ALR                         0.00               0.00               0.08               0.00
2-A1                          0.00      60,117,825.13       2,065,386.49               0.00
2-A2                          0.00      14,124,599.15         478,198.51               0.00
2-A3                          0.00      26,483,623.40         902,878.06               0.00
2-A4                          0.00     117,700,990.93       4,059,667.16               0.00
2-A5                          0.00      10,593,449.36         363,944.75               0.00
2-A6                          0.00         288,848.05           9,923.56               0.00
3-A1                          0.00      24,599,524.36         968,267.20               0.00
AP                            0.00         859,631.14          30,122.97               0.00
B-1                           0.00       9,414,110.82         203,931.94               0.00
B-2                           0.00       3,620,425.77          78,426.99               0.00
B-3                           0.00       2,533,796.13          54,888.03               0.00
B-4                           0.00       1,448,839.52          31,385.29               0.00
B-5                           0.00       1,085,793.13          23,520.85               0.00
B-6                           0.00       1,086,615.42          23,538.67               0.00
W-IO                          0.00               0.00         149,327.28               0.00
SES                           0.00               0.00          57,955.65               0.00
Totals                        0.00     303,102,712.99      11,679,018.42               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-A1                137,188,000.00        30,405,276.91          48,601.42      1,984,479.57             0.00           0.00
1-A2                  3,735,000.00           827,796.23           1,323.19         54,028.28             0.00           0.00
1-AR                         50.00                 0.00               0.00              0.00             0.00           0.00
1-ALR                        50.00                 0.00               0.00              0.00             0.00           0.00
2-A1                170,250,000.00        61,967,204.25          65,887.71      1,783,491.41             0.00           0.00
2-A2                 40,000,000.00        14,559,108.19          15,480.23        419,028.82             0.00           0.00
2-A3                 75,000,000.00        27,298,327.87          29,025.42        785,679.04             0.00           0.00
2-A4                333,322,000.00       121,321,776.54         128,997.50      3,491,788.11             0.00           0.00
2-A5                 30,000,000.00        10,919,331.15          11,610.17        314,271.61             0.00           0.00
2-A6                    818,000.00           297,733.76             316.57          8,569.14             0.00           0.00
3-A1                 51,285,000.00        25,470,811.44          33,324.47        837,962.60             0.00           0.00
AP                    1,079,908.00           889,754.11           1,416.18         28,706.79             0.00           0.00
B-1                  11,254,000.00         9,585,292.62          11,123.40        160,058.40             0.00           0.00
B-2                   4,328,000.00         3,686,257.90           4,277.77         61,554.36             0.00           0.00
B-3                   3,029,000.00         2,579,869.50           2,993.85         43,079.52             0.00           0.00
B-4                   1,732,000.00         1,475,184.54           1,711.90         24,633.12             0.00           0.00
B-5                   1,298,000.00         1,105,536.68           1,282.94         18,460.62             0.00           0.00
B-6                   1,298,983.00         1,106,373.93           1,283.91         18,474.60             0.00           0.00
W-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              865,617,991.00       313,495,635.62         358,656.63     10,034,265.99             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-A1                  2,033,080.99        28,372,195.92       0.20681252        2,033,080.99
 1-A2                     55,351.47           772,444.76       0.20681252           55,351.47
 1-AR                          0.00                 0.00       0.00000000                0.00
 1-ALR                         0.00                 0.00       0.00000000                0.00
 2-A1                  1,849,379.13        60,117,825.13       0.35311498        1,849,379.13
 2-A2                    434,509.05        14,124,599.15       0.35311498          434,509.05
 2-A3                    814,704.46        26,483,623.40       0.35311498          814,704.46
 2-A4                  3,620,785.61       117,700,990.93       0.35311498        3,620,785.61
 2-A5                    325,881.78        10,593,449.36       0.35311498          325,881.78
 2-A6                      8,885.71           288,848.05       0.35311498            8,885.71
 3-A1                    871,287.08        24,599,524.36       0.47966314          871,287.08
 AP                       30,122.97           859,631.14       0.79602257           30,122.97
 B-1                     171,181.80         9,414,110.82       0.83651242          171,181.80
 B-2                      65,832.13         3,620,425.77       0.83651242           65,832.13
 B-3                      46,073.37         2,533,796.13       0.83651242           46,073.37
 B-4                      26,345.02         1,448,839.52       0.83651242           26,345.02
 B-5                      19,743.56         1,085,793.13       0.83651243           19,743.56
 B-6                      19,758.51         1,086,615.42       0.83651243           19,758.51
 W-IO                          0.00                 0.00       0.00000000                0.00
 SES                           0.00                 0.00       0.00000000                0.00

 Totals               10,392,922.64       303,102,712.99       0.35015759       10,392,922.64
 



                                     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-A1                    137,188,000.00       221.63219021        0.35426874        14.46540200         0.00000000
1-A2                      3,735,000.00       221.63219009        0.35426774        14.46540295         0.00000000
1-AR                             50.00         0.00000000        0.00000000         0.00000000         0.00000000
1-ALR                            50.00         0.00000000        0.00000000         0.00000000         0.00000000
2-A1                    170,250,000.00       363.97770485        0.38700564        10.47572047         0.00000000
2-A2                     40,000,000.00       363.97770475        0.38700575        10.47572050         0.00000000
2-A3                     75,000,000.00       363.97770493        0.38700560        10.47572053         0.00000000
2-A4                    333,322,000.00       363.97770486        0.38700566        10.47572050         0.00000000
2-A5                     30,000,000.00       363.97770500        0.38700567        10.47572033         0.00000000
2-A6                        818,000.00       363.97770171        0.38700489        10.47572127         0.00000000
3-A1                     51,285,000.00       496.65226557        0.64978980        16.33933119         0.00000000
AP                        1,079,908.00       823.91658363        1.31138949        26.58262556         0.00000000
B-1                      11,254,000.00       851.72317576        0.98839524        14.22235650         0.00000000
B-2                       4,328,000.00       851.72317468        0.98839418        14.22235675         0.00000000
B-3                       3,029,000.00       851.72317597        0.98839551        14.22235721         0.00000000
B-4                       1,732,000.00       851.72317552        0.98839492        14.22235566         0.00000000
B-5                       1,298,000.00       851.72317411        0.98839753        14.22235747         0.00000000
B-6                       1,298,983.00       851.72317883        0.98839631        14.22235703         0.00000000
W-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-A1                    0.00000000        14.81967074       206.81251946        0.20681252        14.81967074
1-A2                    0.00000000        14.81967068       206.81251941        0.20681252        14.81967068
1-AR                    0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
1-ALR                   0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
2-A1                    0.00000000        10.86272617       353.11497874        0.35311498        10.86272617
2-A2                    0.00000000        10.86272625       353.11497875        0.35311498        10.86272625
2-A3                    0.00000000        10.86272613       353.11497867        0.35311498        10.86272613
2-A4                    0.00000000        10.86272616       353.11497870        0.35311498        10.86272616
2-A5                    0.00000000        10.86272600       353.11497867        0.35311498        10.86272600
2-A6                    0.00000000        10.86272616       353.11497555        0.35311498        10.86272616
3-A1                    0.00000000        16.98912119       479.66314439        0.47966314        16.98912119
AP                      0.00000000        27.89401505       796.02256859        0.79602257        27.89401505
B-1                     0.00000000        15.21075173       836.51242403        0.83651242        15.21075173
B-2                     0.00000000        15.21075092       836.51242375        0.83651242        15.21075092
B-3                     0.00000000        15.21075272       836.51242324        0.83651242        15.21075272
B-4                     0.00000000        15.21075058       836.51242494        0.83651242        15.21075058
B-5                     0.00000000        15.21075501       836.51242681        0.83651243        15.21075501
B-6                     0.00000000        15.21075334       836.51242549        0.83651243        15.21075334
W-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-A1                137,188,000.00         3.42800%      30,405,276.91          86,857.74              0.00               0.00
1-A2                  3,735,000.00         3.42800%         827,796.23           2,364.74              0.00               0.00
1-AR                         50.00         3.42800%               0.00               0.00              0.00               0.00
1-ALR                        50.00         3.42800%               0.00               0.00              0.00               0.00
2-A1                170,250,000.00         4.18300%      61,967,204.25         216,007.35              0.00               0.00
2-A2                 40,000,000.00         3.60100%      14,559,108.19          43,689.46              0.00               0.00
2-A3                 75,000,000.00         3.87600%      27,298,327.87          88,173.60              0.00               0.00
2-A4                333,322,000.00         4.34100%     121,321,776.54         438,881.53              0.00               0.00
2-A5                 30,000,000.00         4.18300%      10,919,331.15          38,062.97              0.00               0.00
2-A6                    818,000.00         4.18300%         297,733.76           1,037.85              0.00               0.00
3-A1                 51,285,000.00         4.56900%      25,470,811.44          96,980.11              0.00               0.00
AP                    1,079,908.00         0.00000%         889,754.11               0.00              0.00               0.00
B-1                  11,254,000.00         4.10005%       9,585,292.62          32,750.13              0.00               0.00
B-2                   4,328,000.00         4.10005%       3,686,257.90          12,594.86              0.00               0.00
B-3                   3,029,000.00         4.10005%       2,579,869.50           8,814.66              0.00               0.00
B-4                   1,732,000.00         4.10005%       1,475,184.54           5,040.27              0.00               0.00
B-5                   1,298,000.00         4.10005%       1,105,536.68           3,777.29              0.00               0.00
B-6                   1,298,983.00         4.10005%       1,106,373.93           3,780.16              0.00               0.00
W-IO                          0.00         0.59987%     298,717,285.17         149,327.28              0.00               0.00
SES                           0.00         0.00000%     313,495,637.22               0.00              0.00               0.00
Totals              865,617,991.00                                           1,228,140.00              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-A1                          0.00               0.00            86,857.74              0.00         28,372,195.92
1-A2                          0.00               0.00             2,364.74              0.00            772,444.76
1-AR                          0.00               0.00                 0.00              0.00                  0.00
1-ALR                         0.00               0.00                 0.08              0.00                  0.00
2-A1                         (0.01)              0.00           216,007.36              0.00         60,117,825.13
2-A2                          0.00               0.00            43,689.46              0.00         14,124,599.15
2-A3                          0.00               0.00            88,173.60              0.00         26,483,623.40
2-A4                         (0.02)              0.00           438,881.55              0.00        117,700,990.93
2-A5                          0.00               0.00            38,062.97              0.00         10,593,449.36
2-A6                          0.00               0.00             1,037.85              0.00            288,848.05
3-A1                          0.00               0.00            96,980.12              0.00         24,599,524.36
AP                            0.00               0.00                 0.00              0.00            859,631.14
B-1                           0.00               0.00            32,750.14              0.00          9,414,110.82
B-2                           0.00               0.00            12,594.86              0.00          3,620,425.77
B-3                           0.00               0.00             8,814.66              0.00          2,533,796.13
B-4                           0.00               0.00             5,040.27              0.00          1,448,839.52
B-5                           0.00               0.00             3,777.29              0.00          1,085,793.13
B-6                           0.00               0.00             3,780.16              0.00          1,086,615.42
W-IO                          0.00               0.00           149,327.28              0.00        288,754,278.58
SES                           0.00               0.00            57,955.65              0.00        303,102,714.59
Totals                       (0.03)              0.00         1,286,095.78              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-A1                  137,188,000.00         3.42800%       221.63219021        0.63312928         0.00000000         0.00000000
1-A2                    3,735,000.00         3.42800%       221.63219009        0.63312985         0.00000000         0.00000000
1-AR                           50.00         3.42800%         0.00000000        0.00000000         0.00000000         0.00000000
1-ALR                          50.00         3.42800%         0.00000000        0.00000000         0.00000000         0.00000000
2-A1                  170,250,000.00         4.18300%       363.97770485        1.26876564         0.00000000         0.00000000
2-A2                   40,000,000.00         3.60100%       363.97770475        1.09223650         0.00000000         0.00000000
2-A3                   75,000,000.00         3.87600%       363.97770493        1.17564800         0.00000000         0.00000000
2-A4                  333,322,000.00         4.34100%       363.97770486        1.31668936         0.00000000         0.00000000
2-A5                   30,000,000.00         4.18300%       363.97770500        1.26876567         0.00000000         0.00000000
2-A6                      818,000.00         4.18300%       363.97770171        1.26876528         0.00000000         0.00000000
3-A1                   51,285,000.00         4.56900%       496.65226557        1.89100341         0.00000000         0.00000000
AP                      1,079,908.00         0.00000%       823.91658363        0.00000000         0.00000000         0.00000000
B-1                    11,254,000.00         4.10005%       851.72317576        2.91008797         0.00000000         0.00000000
B-2                     4,328,000.00         4.10005%       851.72317468        2.91008780         0.00000000         0.00000000
B-3                     3,029,000.00         4.10005%       851.72317597        2.91008914         0.00000000         0.00000000
B-4                     1,732,000.00         4.10005%       851.72317552        2.91008661         0.00000000         0.00000000
B-5                     1,298,000.00         4.10005%       851.72317411        2.91008475         0.00000000         0.00000000
B-6                     1,298,983.00         4.10005%       851.72317883        2.91009197         0.00000000         0.00000000
W-IO                            0.00         0.59987%       352.24692109        0.17608648         0.00000000         0.00000000
SES                             0.00         0.00000%       362.16395673        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-A1                    0.00000000         0.00000000         0.63312928        0.00000000       206.81251946
1-A2                    0.00000000         0.00000000         0.63312985        0.00000000       206.81251941
1-AR                    0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
1-ALR                   0.00000000         0.00000000         1.60000000        0.00000000         0.00000000
2-A1                   (0.00000006)        0.00000000         1.26876570        0.00000000       353.11497874
2-A2                    0.00000000         0.00000000         1.09223650        0.00000000       353.11497875
2-A3                    0.00000000         0.00000000         1.17564800        0.00000000       353.11497867
2-A4                   (0.00000006)        0.00000000         1.31668942        0.00000000       353.11497870
2-A5                    0.00000000         0.00000000         1.26876567        0.00000000       353.11497867
2-A6                    0.00000000         0.00000000         1.26876528        0.00000000       353.11497555
3-A1                    0.00000000         0.00000000         1.89100361        0.00000000       479.66314439
AP                      0.00000000         0.00000000         0.00000000        0.00000000       796.02256859
B-1                     0.00000000         0.00000000         2.91008886        0.00000000       836.51242403
B-2                     0.00000000         0.00000000         2.91008780        0.00000000       836.51242375
B-3                     0.00000000         0.00000000         2.91008914        0.00000000       836.51242324
B-4                     0.00000000         0.00000000         2.91008661        0.00000000       836.51242494
B-5                     0.00000000         0.00000000         2.91008475        0.00000000       836.51242681
B-6                     0.00000000         0.00000000         2.91009197        0.00000000       836.51242549
W-IO                    0.00000000         0.00000000         0.17608648        0.00000000       340.49856045
SES                     0.00000000         0.00000000         0.06695292        0.00000000       350.15759513
<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>
      AP (2)              0.00000%               0.00               0.00        838,097.03         836,688.17       81.47724214%
      AP (3)              0.00000%               0.00               0.00         51,657.08          22,942.97       43.28045652%
     W-IO (1)             0.69834%      34,213,121.60      32,027,103.59              0.00               0.00       22.12435998%
     W-IO (2)             0.58039%     239,605,341.51     232,340,894.80              0.00               0.00       35.61046216%
     W-IO (3)             0.65207%      24,898,822.06      24,386,280.19              0.00               0.00       47.98267534%
      SES (1)             0.00000%      34,213,121.60      32,027,103.59              0.00               0.00       22.12435987%
      SES (2)             0.00000%     252,518,690.18     245,233,344.77              0.00               0.00       36.70485706%
      SES (3)             0.00000%      26,763,825.44      25,842,266.23              0.00               0.00       49.00289064%




                                         CERTIFICATEHOLDER ACCOUNT STATEMENT
                                                 CERTIFICATE ACCOUNT

<s>                                                                                      <c>
Beginning Balance                                                                                              0.00
Deposits
     Payments of Interest and Principal                                                               11,692,864.46
     Liquidations, Insurance Proceeds, Reserve Funds                                                           0.00
     Proceeds from Repurchased Loans                                                                           0.00
     Other Amounts (Servicer Advances)                                                                         0.00
     Realized Loss (Gains, Subsequent Expenses & Recoveries)                                                   0.00
     Prepayment Penalties                                                                                      0.00
Total Deposits                                                                                        11,692,864.46

Withdrawals
     Reimbursement for Servicer Advances                                                                       0.00
     Payment of Service Fee                                                                               13,846.04
     Payment of Interest and Principal                                                                11,679,018.42
Total Withdrawals (Pool Distribution Amount)                                                          11,692,864.46

Ending Balance                                                                                                 0.00




                                      PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<s>                                                                                       <c>
Total Prepayment/Curtailment Interest Shortfall                                                                0.00
Servicing Fee Support                                                                                          0.00
Non-Supported Prepayment/Curtailment Interest Shortfall                                                        0.00






                                                   SERVICING FEES
<s>                                                                                       <c>

Gross Servicing Fee                                                                                       13,062.32
Trustee Fee - Wells Fargo Bank, N.A.                                                                         783.72
Supported Prepayment/Curtailment Interest Shortfall                                                            0.00
Net Servicing Fee                                                                                         13,846.04






                                  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   2                       0                      0                       0                       2
          844,050.72              0.00                   0.00                    0.00                    844,050.72

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
          844,050.72              0.00                   0.00                    0.00                    844,050.72


          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   0.319489%               0.000000%              0.000000%               0.000000%               0.319489%
          0.278199%               0.000000%              0.000000%               0.000000%               0.278199%

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    0.319489%               0.000000%              0.000000%               0.000000%               0.319489%
          0.278199%               0.000000%              0.000000%               0.000000%               0.278199%


 
 
                                                  Delinquency Status By Groups

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

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

 30 Days                 0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

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

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

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

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

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

 Totals                  0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00



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

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

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

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

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

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

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

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



                         DELINQUENT           BANKRUPTCY            FORECLOSURE          REO                  Total
 <s>                                                                                              
 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                 2                    0                     0                    0                    2
                         844,050.72           0.00                  0.00                 0.00                 844,050.72

 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
                         844,050.72           0.00                  0.00                 0.00                 844,050.72



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

 30 Days                 0.399202%            0.000000%             0.000000%            0.000000%            0.399202%
                         0.343874%            0.000000%             0.000000%            0.000000%            0.343874%

 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                  0.399202%            0.000000%             0.000000%            0.000000%            0.399202%
                         0.343874%            0.000000%             0.000000%            0.000000%            0.343874%



                         DELINQUENT           BANKRUPTCY            FORECLOSURE          REO                  Total
 <s>                                                                                              
 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%



 




                                               OTHER INFORMATION

<s>                                                                                 <c>
Current Period Class A Insufficient Funds                                                                  0.00
Principal Balance of Contaminated Properties                                                               0.00
Periodic Advance                                                                                       3,703.22








 
 

                                     COLLATERAL STATEMENT
                                                                                 
 Collateral Description                                                            Mixed ARM
 Weighted Average Gross Coupon                                                     4.967722%
 Weighted Average Pass-Through Rate                                                4.701080%
 Weighted Average Maturity (Stepdown Calculation)                                        338

 Beginning Scheduled Collateral Loan Count                                               648
 Number Of Loans Paid In Full                                                             22
 Ending Scheduled Collateral Loan Count                                                  626

 Beginning Scheduled Collateral Balance                                       313,495,637.22
 Ending Scheduled Collateral Balance                                          303,102,714.59
 Ending Actual Collateral Balance at 30-Nov-2004                              303,398,339.45

 Monthly P &I Constant                                                          1,656,455.91
 Special Servicing Fee                                                                  0.00
 Prepayment Penalties                                                                   0.00
 Realized Loss Amount                                                                   0.00
 Cumulative Realized Loss                                                               0.00

 Class A Non-PO Optimal Amount                                                 11,145,124.92
 Class AP Deferred Amount                                                               0.00

 Ending Scheduled Balance for Premium Loans                                   303,102,714.59

 Scheduled Principal                                                              358,656.64
 Unscheduled Principal                                                         10,034,265.99
 
 
 
                                                       


 
   
   

                             Miscellaneous Reporting
                                                           
   Total Senior Percentage                                         93.749793%
   Aggregate Subordinate Percentage                                 6.250207%

   


                        Group Level Collateral Statement
                                                   
Group                                                         1                                2                                3
Collateral Description                         3 Year LIBOR Arm                 5 Year LIBOR Arm                 7 Year LIBOR Arm
Weighted Average Coupon Rate                           4.504341                         4.982588                         5.419810
Weighted Average Net Rate                              4.254341                         4.732588                         5.169809
Weighted Average Maturity                                   337                              338                              338
Beginning Loan Count                                         79                              515                               54
Loans Paid In Full                                            6                               14                                2
Ending Loan Count                                            73                              501                               52
Beginning Scheduled Balance                       34,213,121.60                   252,518,690.18                    26,763,825.44
Ending scheduled Balance                          32,027,103.59                   245,233,344.77                    25,842,266.23
Record Date                                          11/30/2004                       11/30/2004                       11/30/2004
Principal And Interest Constant                      183,111.06                     1,317,443.25                       155,901.60
Scheduled Principal                                   54,688.08                       268,946.00                        35,022.56
Unscheduled Principal                              2,131,329.93                     7,016,399.41                       886,536.65
Scheduled Interest                                   128,422.98                     1,048,497.25                       120,879.04
Servicing Fees                                         7,127.74                        52,608.11                         5,575.81
Master Servicing Fees                                      0.00                             0.00                             0.00
Trustee Fee                                               85.52                           631.27                            66.93
FRY Amount                                                 0.00                             0.00                             0.00
Special Hazard Fee                                         0.00                             0.00                             0.00
Other Fee                                              3,563.85                             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                                         117,645.87                       995,257.87                       115,236.30
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                                      4.126341                         4.729588                         5.166810



                      Group Level Collateral Statement
                                                   
Group                                                     Total
Collateral Description                                Mixed ARM
Weighted Average Coupon Rate                           4.967722
Weighted Average Net Rate                              4.717722
Weighted Average Maturity                                   338
Beginning Loan Count                                        648
Loans Paid In Full                                           22
Ending Loan Count                                           626
Beginning Scheduled Balance                      313,495,637.22
Ending scheduled Balance                         303,102,714.59
Record Date                                          11/30/2004
Principal And Interest Constant                    1,656,455.91
Scheduled Principal                                  358,656.64
Unscheduled Principal                             10,034,265.99
Scheduled Interest                                 1,297,799.27
Servicing Fees                                        65,311.66
Master Servicing Fees                                      0.00
Trustee Fee                                              783.72
FRY Amount                                                 0.00
Special Hazard Fee                                         0.00
Other Fee                                              3,563.85
Pool Insurance Fee                                         0.00
Spread Fee 1                                               0.00
Spread Fee 2                                               0.00
Spread Fee 3                                               0.00
Net Interest                                       1,228,140.04
Realized Loss Amount                                       0.00
Cumulative Realized Loss                                   0.00
Percentage of Cumulative Losses                          0.0000
Prepayment Penalties                                       0.00
Special Servicing Fee                                      0.00
Pass-Through Rate                                      4.701080

  
  
                                       Miscellaneous Reporting

                                                                            
  Group 1
               CPR                                                                       53.843101%
               Group 1 Subordinate Percentage                                             8.710250%
               Group 1 Subordinate Prepayment  %                                          4.355125%
               Group 1 Senior Prepayment Percentage                                      95.644875%
               Group 1 Senior Percentage                                                 91.289750%
  Group 2
               CPR                                                                       28.717086%
               Group 2 Subordinate Percentage                                             6.085932%
               Group 2 Subordinate Prepayment  %                                          3.042966%
               Group 2 Senior Prepayment Percentage                                      96.957034%
               Group 2 Senior Percentage                                                 93.914068%
  Group 3
               CPR                                                                       33.286603%
               Group 3 Subordinate Percentage                                             4.647158%
               Group 3 Subordinate Prepayment  %                                          2.323579%
               Group 3 Senior Prepayment Percentage                                      97.676421%
               Group 3 Senior Percentage                                                 95.352842%