[LETTERHEAD OF DELOITTE & TOUCHE, LLP]

                              INDEPENDENT AUDITORS REPORT

The Stockholder
To the Board of Directors of Litton Loan Servicing LP:

We have examined managements assertion about Litton Loan Servicing LPs
(the Company) compliance with the minimum servicing standards identified
in the Mortgage Bankers Association of Americas Uniform Single
Attestation Program for Mortgage Bankers as of and for the year ended
December 31, 2000, included in the accompanying management assertion.
Management is responsible for the Companys compliance with those minimum
servicing standards. Our responsibility is to express an opinion on
managements assertion about the Companys compliance based on our
examination.

Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly,
included examining, on a test basis, evidence about the Companys
compliance with minimum servicing standards and performing such other
procedures as we considered necessary in the circumstances. We believe
that our examination provides a reasonable basis for our opinion.  Our
examination does not provide a legal determination of the Companys
compliance with the minimum servicing standards.

In our opinion, managements assertion that the Company complied with
the aforementioned minimum servicing standards as of and for the year
ended December 31, 2000 is fairly stated, in all material respects.


/s/ Deloitte & Touche, LLP
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Deloitte & Touche, LLP
January 12, 2001