WELLS FARGO ASSET SECURITIES CORP
8-K, EX-99.1, 2000-07-07
ASSET-BACKED SECURITIES
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<TABLE>
<CAPTION>
Wells Fargo Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date:            05/31/2000
Distribution Date:      06/26/2000


WFMBS  Series: 2000-1

Contact: Customer Service - SecuritiesLink
         Norwest Bank Minnesota, N.A.
         Securities Administration Services
         7485 New Horizon Way
         Frederick, MD 21703
         Telephone: (301) 846-8130
         Fax:       (301) 846-8152


                                             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>
   I-A-PO      94975EAE3         PO           0.00000%      1,224,658.74            0.00        1,148.77
   I-A-1       94975EAA1         SEQ          7.75000%     71,108,484.53      459,242.30      576,466.04
   I-A-2       94975EAB9         SEQ          7.75000%      7,353,166.46       47,489.20       51,161.84
   I-A-3       94975EAC7         SEQ          7.75000%      7,214,000.00       46,590.42            0.00
   I-A-4       94975EAD5         SEQ          7.75000%     11,000,000.00       71,041.67            0.00
   I-A-5       94975EAM5         SEQ          7.75000%      7,921,833.54       51,161.84      -51,161.84
    I-AR       94975EAF0          R           7.75000%              0.00        4,251.28            0.00
  II-A-PO      94975EAH6         PO           0.00000%      1,300,837.42            0.00       11,731.85
   II-A-1      94975EAG8         SEQ          7.00000%    144,028,074.65      840,163.77    1,204,962.52
    B-1        94975EAJ2         SUB          7.31766%      3,381,809.78       20,622.44        7,219.41
    B-2        94975EAK9         SUB          7.31766%      1,690,405.95       10,308.18        3,608.64
    B-3        94975EAL7         SUB          7.31766%      1,040,787.13        6,346.77        2,221.85
    B-4        94975EAN3         SUB          7.31766%        779,343.00        4,752.47        1,663.72
    B-5        94975EAP8         SUB          7.31766%        391,168.32        2,385.36          835.06
    B-6        94975EAQ6         SUB          7.31766%        520,781.38        3,175.75        1,111.75
Totals                                                    258,955,350.90    1,567,531.45    1,810,969.61
</TABLE>
<TABLE>
<CAPTION>


                                       Certificateholder Distribution Summary (continued)

                          Current                Ending                                       Cumulative
                         Realized           Certificate                   Total                 Realized
Class                        Loss               Balance            Distribution                   Losses
<S>           <C>                  <C>                     <C>                      <C>
I-A-PO                         0.00           1,223,509.97                 1,148.77                      0.00
I-A-1                          0.00          70,532,018.49             1,035,708.34                      0.00
I-A-2                          0.00           7,302,004.62                98,651.04                      0.00
I-A-3                          0.00           7,214,000.00                46,590.42                      0.00
I-A-4                          0.00          11,000,000.00                71,041.67                      0.00
I-A-5                          0.00           7,972,995.38                     0.00                      0.00
I-AR                           0.00                   0.00                 4,251.28                      0.00
II-A-PO                        0.00           1,289,105.58                11,731.85                      0.00
II-A-1                         0.00         142,823,112.13             2,045,126.29                      0.00
B-1                            0.00           3,374,590.37                27,841.85                      0.00
B-2                            0.00           1,686,797.31                13,916.82                      0.00
B-3                            0.00           1,038,565.29                 8,568.62                      0.00
B-4                            0.00             777,679.28                 6,416.19                      0.00
B-5                            0.00             390,333.26                 3,220.42                      0.00
B-6                            0.00             519,669.62                 4,287.50                    209.64
Totals                         0.00         257,144,381.30             3,378,501.06                    209.64
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.


</FN>
</TABLE>
<TABLE>
<CAPTION>

                                                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>
I-A-PO                1,225,631.88       1,224,658.74             952.49          196.28           0.00            0.00
I-A-1                72,223,000.00      71,108,484.53          70,399.85      506,066.20           0.00            0.00
I-A-2                 7,404,000.00       7,353,166.46           6,248.05       44,913.80           0.00            0.00
I-A-3                 7,214,000.00       7,214,000.00               0.00            0.00           0.00            0.00
I-A-4                11,000,000.00      11,000,000.00               0.00            0.00           0.00            0.00
I-A-5                 7,871,000.00       7,921,833.54               0.00            0.00     -51,161.84            0.00
I-AR                        200.00               0.00               0.00            0.00           0.00            0.00
II-A-PO               1,305,928.63       1,300,837.42           4,651.85        7,080.00           0.00            0.00
II-A-1              144,592,000.00     144,028,074.65         462,152.97      742,809.55           0.00            0.00
B-1                   3,389,000.00       3,381,809.78           7,219.41            0.00           0.00            0.00
B-2                   1,694,000.00       1,690,405.95           3,608.64            0.00           0.00            0.00
B-3                   1,043,000.00       1,040,787.13           2,221.85            0.00           0.00            0.00
B-4                     781,000.00         779,343.00           1,663.72            0.00           0.00            0.00
B-5                     392,000.00         391,168.32             835.06            0.00           0.00            0.00
B-6                     521,888.63         520,781.38           1,111.75            0.00           0.00            0.00
Totals              260,656,649.14     258,955,350.90         561,065.64    1,301,065.83    (51,161.84)            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>
</TABLE>
<TABLE>
<CAPTION>

                                          Principal Distribution Statement (continued)

                                   Total               Ending              Ending            Total
                               Principal          Certificate         Certificate        Principal
Class                          Reduction              Balance          Percentage     Distribution
<S>               <C>                     <C>                    <C>                 <C>
I-A-PO                            1,148.77          1,223,509.97           0.99826872          1,148.77
I-A-1                           576,466.04         70,532,018.49           0.97658666        576,466.04
I-A-2                            51,161.84          7,302,004.62           0.98622429         51,161.84
I-A-3                                 0.00          7,214,000.00           1.00000000              0.00
I-A-4                                 0.00         11,000,000.00           1.00000000              0.00
I-A-5                          (51,161.84)          7,972,995.38           1.01295838       (51,161.84)
I-AR                                  0.00                  0.00           0.00000000              0.00
II-A-PO                          11,731.85          1,289,105.58           0.98711794         11,731.85
II-A-1                        1,204,962.52        142,823,112.13           0.98776635      1,204,962.52
B-1                               7,219.41          3,374,590.37           0.99574812          7,219.41
B-2                               3,608.64          1,686,797.31           0.99574812          3,608.64
B-3                               2,221.85          1,038,565.29           0.99574812          2,221.85
B-4                               1,663.72            777,679.28           0.99574812          1,663.72
B-5                                 835.06            390,333.26           0.99574811            835.06
B-6                               1,111.75            519,669.62           0.99574812          1,111.75
Totals                        1,810,969.61        257,144,381.30           0.98652531      1,810,969.61

</TABLE>
<TABLE>
<CAPTION>


                                              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>
I-A-PO                  1,225,631.88        999.20600956         0.77714199          0.16014596        0.00000000
I-A-1                  72,223,000.00        984.56841352         0.97475666          7.00699500        0.00000000
I-A-2                   7,404,000.00        993.13431388         0.84387493          6.06615343        0.00000000
I-A-3                   7,214,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
I-A-4                  11,000,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
I-A-5                   7,871,000.00       1006.45833312         0.00000000          0.00000000       -6.50004320
I-AR                          200.00          0.00000000         0.00000000          0.00000000        0.00000000
II-A-PO                 1,305,928.63        996.10146383         3.56210125          5.42142950        0.00000000
II-A-1                144,592,000.00        996.09988554         3.19625546          5.13727973        0.00000000
B-1                     3,389,000.00        997.87836530         2.13024786          0.00000000        0.00000000
B-2                     1,694,000.00        997.87836482         2.13024793          0.00000000        0.00000000
B-3                     1,043,000.00        997.87836050         2.13024928          0.00000000        0.00000000
B-4                       781,000.00        997.87836108         2.13024328          0.00000000        0.00000000
B-5                       392,000.00        997.87836735         2.13025510          0.00000000        0.00000000
B-6                       521,888.63        997.87837876         2.13024376          0.00000000        0.00000000
<FN>
(2) Per $1,000 Denomination.
</FN>
</TABLE>
<TABLE>
<CAPTION>


                                      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>
I-A-PO                  0.00000000          0.93728796            998.26872160          0.99826872         0.93728796
I-A-1                   0.00000000          7.98175152            976.58666201          0.97658666         7.98175152
I-A-2                   0.00000000          6.91002701            986.22428687          0.98622429         6.91002701
I-A-3                   0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
I-A-4                   0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
I-A-5                   0.00000000         -6.50004320          1,012.95837632          1.01295838        -6.50004320
I-AR                    0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
II-A-PO                 0.00000000          8.98353075            987.11794074          0.98711794         8.98353075
II-A-1                  0.00000000          8.33353519            987.76635035          0.98776635         8.33353519
B-1                     0.00000000          2.13024786            995.74811744          0.99574812         2.13024786
B-2                     0.00000000          2.13024793            995.74811688          0.99574812         2.13024793
B-3                     0.00000000          2.13024928            995.74812081          0.99574812         2.13024928
B-4                     0.00000000          2.13024328            995.74811780          0.99574812         2.13024328
B-5                     0.00000000          2.13025510            995.74811224          0.99574811         2.13025510
B-6                     0.00000000          2.13024376            995.74811584          0.99574812         2.13024376
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
    Unless Otherwise Disclosed.
    Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>


                                                 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>
I-A-PO              1,225,631.88        0.00000%       1,224,658.74                0.00           0.00             0.00
I-A-1              72,223,000.00        7.75000%      71,108,484.53          459,242.30           0.00             0.00
I-A-2               7,404,000.00        7.75000%       7,353,166.46           47,489.20           0.00             0.00
I-A-3               7,214,000.00        7.75000%       7,214,000.00           46,590.42           0.00             0.00
I-A-4              11,000,000.00        7.75000%      11,000,000.00           71,041.67           0.00             0.00
I-A-5               7,871,000.00        7.75000%       7,921,833.54           51,161.84           0.00             0.00
I-AR                      200.00        7.75000%               0.00                0.00           0.00             0.00
II-A-PO             1,305,928.63        0.00000%       1,300,837.42                0.00           0.00             0.00
II-A-1            144,592,000.00        7.00000%     144,028,074.65          840,163.77           0.00             0.00
B-1                 3,389,000.00        7.31766%       3,381,809.78           20,622.44           0.00             0.00
B-2                 1,694,000.00        7.31766%       1,690,405.95           10,308.18           0.00             0.00
B-3                 1,043,000.00        7.31766%       1,040,787.13            6,346.77           0.00             0.00
B-4                   781,000.00        7.31766%         779,343.00            4,752.47           0.00             0.00
B-5                   392,000.00        7.31766%         391,168.32            2,385.36           0.00             0.00
B-6                   521,888.63        7.31766%         520,781.38            3,175.75           0.00             0.00
Totals            260,656,649.14                                           1,563,280.17           0.00             0.00

</TABLE>
 <TABLE>
 <CAPTION>

                                            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>
 I-A-PO                         0.00                0.00                 0.00                0.00       1,223,509.97
 I-A-1                          0.00                0.00           459,242.30                0.00      70,532,018.49
 I-A-2                          0.00                0.00            47,489.20                0.00       7,302,004.62
 I-A-3                          0.00                0.00            46,590.42                0.00       7,214,000.00
 I-A-4                          0.00                0.00            71,041.67                0.00      11,000,000.00
 I-A-5                          0.00                0.00            51,161.84                0.00       7,972,995.38
 I-AR                           0.00                0.00             4,251.28                0.00               0.00
 II-A-PO                        0.00                0.00                 0.00                0.00       1,289,105.58
 II-A-1                         0.00                0.00           840,163.77                0.00     142,823,112.13
 B-1                            0.00                0.00            20,622.44                0.00       3,374,590.37
 B-2                            0.00                0.00            10,308.18                0.00       1,686,797.31
 B-3                            0.00                0.00             6,346.77                0.00       1,038,565.29
 B-4                            0.00                0.00             4,752.47                0.00         777,679.28
 B-5                            0.00                0.00             2,385.36                0.00         390,333.26
 B-6                            0.00                0.00             3,175.75                0.00         519,669.62
 Totals                         0.00                0.00         1,567,531.45                0.00
 <FN>
 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
     Please Refer to the Prospectus Supplement for a Full Description.
 </FN>
 </TABLE>
<TABLE>
<CAPTION>

                                            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>
I-A-PO                1,225,631.88        0.00000%         999.20600956        0.00000000        0.00000000        0.00000000
I-A-1                72,223,000.00        7.75000%         984.56841352        6.35867106        0.00000000        0.00000000
I-A-2                 7,404,000.00        7.75000%         993.13431388        6.41399244        0.00000000        0.00000000
I-A-3                 7,214,000.00        7.75000%        1000.00000000        6.45833380        0.00000000        0.00000000
I-A-4                11,000,000.00        7.75000%        1000.00000000        6.45833364        0.00000000        0.00000000
I-A-5                 7,871,000.00        7.75000%        1006.45833312        6.50004320        0.00000000        0.00000000
I-AR                        200.00        7.75000%           0.00000000        0.00000000        0.00000000        0.00000000
II-A-PO               1,305,928.63        0.00000%         996.10146383        0.00000000        0.00000000        0.00000000
II-A-1              144,592,000.00        7.00000%         996.09988554        5.81058267        0.00000000        0.00000000
B-1                   3,389,000.00        7.31766%         997.87836530        6.08511065        0.00000000        0.00000000
B-2                   1,694,000.00        7.31766%         997.87836482        6.08511216        0.00000000        0.00000000
B-3                   1,043,000.00        7.31766%         997.87836050        6.08511026        0.00000000        0.00000000
B-4                     781,000.00        7.31766%         997.87836108        6.08510883        0.00000000        0.00000000
B-5                     392,000.00        7.31766%         997.87836735        6.08510204        0.00000000        0.00000000
B-6                     521,888.63        7.31766%         997.87837876        6.08511053        0.00000000        0.00000000
<FN>
(5) Per $1,000 Denomination.

</FN>

</TABLE>
<TABLE>
<CAPTION>
                                       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>
I-A-PO                0.00000000        0.00000000         0.00000000          0.00000000          998.26872160
I-A-1                 0.00000000        0.00000000         6.35867106          0.00000000          976.58666201
I-A-2                 0.00000000        0.00000000         6.41399244          0.00000000          986.22428687
I-A-3                 0.00000000        0.00000000         6.45833380          0.00000000         1000.00000000
I-A-4                 0.00000000        0.00000000         6.45833364          0.00000000         1000.00000000
I-A-5                 0.00000000        0.00000000         6.50004320          0.00000000         1012.95837632
I-AR                  0.00000000        0.00000000     21256.40000000          0.00000000            0.00000000
II-A-PO               0.00000000        0.00000000         0.00000000          0.00000000          987.11794074
II-A-1                0.00000000        0.00000000         5.81058267          0.00000000          987.76635035
B-1                   0.00000000        0.00000000         6.08511065          0.00000000          995.74811744
B-2                   0.00000000        0.00000000         6.08511216          0.00000000          995.74811688
B-3                   0.00000000        0.00000000         6.08511026          0.00000000          995.74812081
B-4                   0.00000000        0.00000000         6.08510883          0.00000000          995.74811780
B-5                   0.00000000        0.00000000         6.08510204          0.00000000          995.74811224
B-6                   0.00000000        0.00000000         6.08511053          0.00000000          995.74811584
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
    Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>



<TABLE>
<CAPTION>
                                             CERTIFICATEHOLDER ACCOUNT STATEMENT
                                                      CERTIFICATE ACCOUNT

<S>                                                                                   <C>
Beginning Balance                                                                                   15,216.18
Deposits
    Payments of Interest and Principal                                                           3,342,130.07
    Liquidations, Insurance Proceeds, Reserve Funds                                                      0.00
    Proceeds from Repurchased Loans                                                                      0.00
    Other Amounts (Servicer Advances)                                                               76,335.32
    Realized Losses                                                                                      0.00
Total Deposits                                                                                   3,418,465.39

Withdrawals
    Reimbursement for Servicer Advances                                                                  0.00
    Payment of Service Fee                                                                          55,180.49
    Payment of Interest and Principal                                                            3,378,501.07
Total Withdrawals (Pool Distribution Amount)                                                     3,433,681.56

Ending Balance                                                                                           0.00

</TABLE>
<TABLE>
<CAPTION>

                                            PREPAYMENT/CURTAILMENT INTEREST SHORTFALL


<S>                                                                                   <C>

Total Prepayment/Curtailment Interest Shortfall                                                      2,605.88
Servicing Fee Support                                                                                2,605.88

Non-Supported Prepayment/Curtailment Interest Shortfall                                                  0.00
</TABLE>
<TABLE>
<CAPTION>


                                                         SERVICING FEES

<S>                                                                                   <C>
Gross Servicing Fee                                                                                 54,117.86
Master Servicing Fee                                                                                 3,668.51
Supported Prepayment/Curtailment Interest Shortfall                                                  2,605.88
Net Servicing Fee                                                                                   55,180.49


</TABLE>

<TABLE>
<CAPTION>                           CERTIFICATEHOLDER DELINQUENCY/CREDIT ENHANCEMENT STATEMENT
                                                       DELINQUENCY STATUS

                                                                            Percentage Delinquent
                                                                                  Based On
                                   Current           Unpaid
                                    Number        Principal                 Number            Unpaid
                                  Of Loans          Balance               Of Loans           Balance
<S>                        <C>                 <C>                   <C>                <C>
30 Days                                   7      2,162,097.42               0.876095%          0.840811%
60 Days                                   1        359,573.39               0.125156%          0.139833%
90+ Days                                  0              0.00               0.000000%          0.000000%
Foreclosure                               0              0.00               0.000000%          0.000000%
REO                                       0              0.00               0.000000%          0.000000%
Totals                                    8      2,521,670.81               1.001252%          0.980644%

</TABLE>
<TABLE>
<CAPTION>

                                                       OTHER INFORMATION

<S>                                                                             <C>
Current Period Realized Loss - Includes Interest Shortfall                                           0.00
Cumulative Realized Losses - Includes Interest Shortfall                                           209.64
Current Period Class A Insufficient Funds                                                            0.00
Principal Balance of Contaminated Properties                                                         0.00
Periodic Advance                                                                               861,800.82
</TABLE>

<TABLE>

<CAPTION>
                                 SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE


                                                                                       Current          Next
                      Original $    Original %          Current $     Current %         Class%    Prepayment%
<S>      <C>   <C>               <C>              <C>               <C>             <C>            <C>
Class    I-A-1    187,208,017.26     71.82169259%     185,388,852.84   72.09523767%      27.699615%      0.000000%
Class    I-A-2    179,804,017.26     68.98117422%     178,086,848.22   69.25558604%       2.867672%      0.000000%
Class    I-A-3    172,590,017.26     66.21354868%     170,872,848.22   66.45015822%       2.833111%      0.000000%
Class    I-A-4    161,590,017.26     61.99343765%     159,872,848.22   62.17240580%       4.319964%      0.000000%
Class    I-A-5    153,719,017.26     58.97375638%     151,899,852.84   59.07181486%       3.131186%      0.000000%
Class    I-AR     153,718,817.26     58.97367965%     151,899,852.84   59.07181486%       0.000000%      0.000000%
Class    II-A-      7,820,888.63      3.00045622%       7,787,635.13    3.02850682%      56.090061%      0.000000%
Class    B-1        4,431,888.63      1.70027837%       4,413,044.76    1.71617390%       1.325283%      0.000000%
Class    B-2        2,737,888.63      1.05038127%       2,726,247.45    1.06020106%       0.662446%      0.000000%
Class    B-3        1,694,888.63      0.65023802%       1,687,682.16    0.65631695%       0.407869%      0.000000%
Class    B-4          913,888.63      0.35061014%         910,002.88    0.35388791%       0.305413%      0.000000%
Class    B-5          521,888.63      0.20022072%         519,669.62    0.20209254%       0.153293%      0.000000%
Class    B-6                0.00      0.00000000%               0.00    0.00000000%       0.204087%      0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
</TABLE>
<TABLE>
<CAPTION>

                                                       CREDIT ENHANCEMENT

                                    Original $        Original %         Current $        Current %
<S>                         <C>               <C>               <C>               <C>
                 Bankruptcy         100,000.00       0.03836465%        100,000.00       0.03888866%
                      Fraud       5,213,132.98       2.00000000%      5,213,132.98       2.02731748%
             Special Hazard       2,606,566.50       1.00000000%      2,606,566.50       1.01365874%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>
 <TABLE>
 <CAPTION>
                               COLLATERAL STATEMENT
 <S>                                                                       <C>
 Collateral Description                                               Mixed Fixed

 Weighted Average Gross Coupon                                         7.915348%
 Weighted Average Pass-Through Rate                                    0.000000%
 Weighted Average Maturity(Stepdown Calculation )                            249
 Beginning Scheduled Collateral Loan Count                                   802

 Number Of Loans Paid In Full                                                  3
 Ending Scheduled Collateral Loan Count                                      799
 Beginning Scheduled Collateral Balance                           258,955,350.91
 Ending Scheduled Collateral Balance                              257,144,381.29
 Ending Actual Collateral Balance at 31-May-2000                  257,598,940.14
 Ending Scheduled Balance For Norwest                             167,192,457.84
 Ending Scheduled Balance For Other Services                       89,951,923.45
 Monthly P &I Constant                                              2,181,471.10
 Class A Optimal Amount                                             3,297,117.78
 Class AP Deferred Amount                                                   0.00
 Ending Scheduled Balance for Premium Loans                       191,071,658.65
 Ending scheduled Balance For discounted Loans                     66,072,722.64
 Unpaid Principal Balance Of Outstanding Mortgage Loans
 With Original LTV:
     Less Than Or Equal To 80%                                    228,472,284.89
     Greater Than 80%, less than or equal to 85%                    3,439,987.97
     Greater than 85%, less than or equal to 95%                   16,973,420.33
     Greater than 95%                                                8,488,888.13

 </TABLE>
<TABLE>
<CAPTION>
           <S>                                        <C>
</TABLE>
 <TABLE>
 <CAPTION>
                                      Group Level Collateral Statement
 <S>                                                                <C>
 Group ID                                                                     1                         2                   Total
 Collateral Description                                           Fixed 30 Year             Fixed 15 Year
 Weighted Average Coupon Rate                                          8.268121                  7.658410
 Weighted Average Net Rate                                             7.707142                  6.941703
 Weighted Average Maturity                                               354.00                    173.00
 Beginning Loan Count                                                       345                       457                     802
 Loans Paid In Full                                                           1                         2                       3
 Ending Loan Count                                                          344                       455                     799
 Beginning Scheduled Balance                                     109,127,620.36            149,827,730.55          258,955,350.91
 Ending scheduled Balance                                        108,547,780.78            148,596,600.51          257,144,381.29
 Record Date                                                         05/31/2000                05/31/2000
 Principal And Interest Constant                                     798,810.54              1,382,660.57            2,181,471.10
 Scheduled Principal                                                  73,577.10                481,240.49              554,817.59
 Unscheduled Principal                                               506,262.48                749,889.55            1,256,152.03
 Scheduled Interest                                                  725,233.44                900,143.59            1,625,377.02


 Servicing Fees                                                       22,814.90                 31,302.96               54,117.86
 Master Servicing Fees                                                 1,545.95                  2,122.56                3,668.51
 Trustee Fee                                                               0.00                      0.00                    0.00
 FRY Amount                                                           26,653.49                 56,060.12               82,713.61
 Special Hazard Fee                                                        0.00                      0.00                    0.00
 Other Fee                                                                 0.00                      0.00                    0.00
 Pool Insurance Fee                                                        0.00                      0.00                    0.00
 Spread Fee 1                                                              0.00                      0.00                    0.00
 Spread Fee 2                                                              0.00                      0.00                    0.00
 Spread Fee 3                                                              0.00                      0.00                    0.00
 Net Interest                                                        674,219.11                810,657.94            1,484,877.04
 Realized Loss Amount                                                      0.00                      0.00                    0.00
 Cumulative Realized Loss                                                  0.00                      0.00                    0.00
 Percentage of Cumulative Losses                                           0.00                      0.00                    0.00


 </TABLE>

    <TABLE>
    <CAPTION>                                           Delinquency Status By Groups

       <S>                          <C>             <C>             <C>             <C>             <C>            <C>
 Group                             30 Days        60 Days         90 + Days     Foreclosure         REO         Bankruptcy
  1     Principal Balance      1,707,370.06      359,573.39             0.00           0.00            0.00           0.00
        Percentage Of Balance        1.573%          0.331%           0.000%         0.000%          0.000%         0.000%
        Loan Count                        5               1                0              0               0              0
        Percentage Of Loans          1.453%          0.291%           0.000%         0.000%          0.000%         0.000%

  2     Principal Balance        454,727.36            0.00             0.00           0.00            0.00           0.00
        Percentage Of Balance        0.306%          0.000%           0.000%         0.000%          0.000%         0.000%
        Loan Count                        2               0                0              0               0              0
        Percentage Of Loans          0.440%          0.000%           0.000%         0.000%          0.000%         0.000%

 Totals:Principal Balance      2,162,097.42      359,573.39             0.00           0.00            0.00           0.00
        Percentage of Balance        0.841%          0.140%           0.000%         0.000%          0.000%         0.000%
        Loan Count                        7               1                0              0               0              0
        Percentage Of Loans          0.876%          0.125%           0.000%         0.000%          0.000%         0.000%

 </TABLE>









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