IMPAC SECURED ASSETS CORP
8-K, EX-99.1, 2000-10-03
ASSET-BACKED SECURITIES
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<TABLE>
<CAPTION>
Impac Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates



Record Date:            8/31/00
Distribution Date:      9/25/00


IMP  Series: 2000-1

Contact: Customer Service - CTSLink
         Wells Fargo Bank Minnesota, N.A.
         Securities Administration Services
         7485 New Horizon Way
         Frederick, MD 21703
         Telephone: (301) 815-6600
         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>
     A1        45254TBU7         SEN          7.50000%     74,960,125.89      468,500.76    1,138,500.00
     A2        45254TBV5         SEN          7.37000%    118,426,744.78      727,337.55    1,315,561.77
     A3        45254TBW3         SEN          1.63000%              0.00      160,862.99            0.00
     A4        45254TBX1         SEN          9.00000%              0.00       93,700.15            0.00
     A5        45254TBY9         SEN          8.00000%      2,410,900.00       16,072.67            0.00
     A6        45254TBZ6         SEN          9.00000%              0.00        2,009.08            0.00
     A8        45254TCB8         SEN          8.15000%     25,000,000.00      169,791.66            0.00
     A9        45254TCC6         SEN          7.90000%     19,000,000.00      125,083.33            0.00
     A7        45254TCA0         SEN          9.00000%              0.00       35,125.00            0.00
    A10        45254TCD4         SEN          0.00000%      2,361,599.42            0.00       68,717.68
    A11        45254TCE2         SEN          9.00000%              0.00      103,727.00            0.00
     RI        45254TCK8         SEN          9.00000%              0.00            0.00            0.00
    RII        45254TCL6         SEN          9.00000%              0.00            0.00            0.00
     M1        45254TCF9         MEZ          8.00000%     11,279,747.78       75,198.31        6,283.24
     M2        45254TCH5         MEZ          8.15000%      4,951,719.52       33,630.43        2,758.29
     MX        45254TCG7         MEZ          9.00000%              0.00       12,907.26            0.00
     M3        45254TCJ1         MEZ          9.00000%      2,338,727.55       17,540.46        1,302.76
     B1        45254TCM4         SUB          9.00000%      1,650,573.17       12,379.30          919.43
     B2        45254TCN2         SUB          9.00000%        688,154.37        5,161.16          383.33
     B3        45254TCP7         SUB          9.00000%      1,788,372.74       13,412.79          996.19
Totals                                                    264,856,665.22    2,072,439.90    2,535,422.69
</TABLE>
<TABLE>
<CAPTION>

                                       Certificateholder Distribution Summary (continued)

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

<S>                           <C>            <C>                     <C>                                <C>
A1                             0.00          73,821,625.89             1,607,000.76                      0.00
A2                             0.00         117,111,183.01             2,042,899.32                      0.00
A3                             0.00                   0.00               160,862.99                      0.00
A4                             0.00                   0.00                93,700.15                      0.00
A5                             0.00           2,410,900.00                16,072.67                      0.00
A6                             0.00                   0.00                 2,009.08                      0.00
A8                             0.00          25,000,000.00               169,791.66                      0.00
A9                             0.00          19,000,000.00               125,083.33                      0.00
A7                             0.00                   0.00                35,125.00                      0.00
A10                            0.00           2,292,881.74                68,717.68                      0.00
A11                            0.00                   0.00               103,727.00                      0.00
RI                             0.00                   0.00                     0.00                      0.00
RII                            0.00                   0.00                     0.00                      0.00
M1                             0.00          11,273,464.54                81,481.55                      0.00
M2                             0.00           4,948,961.22                36,388.72                      0.00
MX                             0.00                   0.00                12,907.26                      0.00
M3                             0.00           2,337,424.79                18,843.22                      0.00
B1                             0.00           1,649,653.74                13,298.73                      0.00
B2                             0.00             687,771.05                 5,544.49                      0.00
B3                             0.00           1,787,376.55                14,408.98                      0.00
Totals                         0.00         262,321,242.53             4,607,862.59                      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>
</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>
A1                   80,115,000.00      74,960,125.89          61,969.38    1,076,530.62           0.00            0.00
A2                  124,150,000.00     118,426,744.78          71,606.97    1,243,954.79           0.00            0.00
A3                            0.00               0.00               0.00            0.00           0.00            0.00
A4                            0.00               0.00               0.00            0.00           0.00            0.00
A5                    2,410,900.00       2,410,900.00               0.00            0.00           0.00            0.00
A6                            0.00               0.00               0.00            0.00           0.00            0.00
A8                   25,000,000.00      25,000,000.00               0.00            0.00           0.00            0.00
A9                   19,000,000.00      19,000,000.00               0.00            0.00           0.00            0.00
A7                            0.00               0.00               0.00            0.00           0.00            0.00
A10                   2,418,208.00       2,361,599.42           2,165.77       66,551.91           0.00            0.00
A11                           0.00               0.00               0.00            0.00           0.00            0.00
RI                          100.00               0.00               0.00            0.00           0.00            0.00
RII                         100.00               0.00               0.00            0.00           0.00            0.00
M1                   11,310,000.00      11,279,747.78           6,283.24            0.00           0.00            0.00
M2                    4,965,000.00       4,951,719.52           2,758.29            0.00           0.00            0.00
MX                            0.00               0.00               0.00            0.00           0.00            0.00
M3                    2,345,000.00       2,338,727.55           1,302.76            0.00           0.00            0.00
B1                    1,655,000.00       1,650,573.17             919.43            0.00           0.00            0.00
B2                      690,000.00         688,154.37             383.33            0.00           0.00            0.00
B3                    1,793,169.15       1,788,372.74             996.19            0.00           0.00            0.00
Totals              275,852,477.15     264,856,665.22         148,385.36    2,387,037.32           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>
</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>
A1                            1,138,500.00         73,821,625.89           0.92144575      1,138,500.00
A2                            1,315,561.77        117,111,183.01           0.94330393      1,315,561.77
A3                                    0.00                  0.00           0.00000000              0.00
A4                                    0.00                  0.00           0.00000000              0.00
A5                                    0.00          2,410,900.00           1.00000000              0.00
A6                                    0.00                  0.00           0.00000000              0.00
A8                                    0.00         25,000,000.00           1.00000000              0.00
A9                                    0.00         19,000,000.00           1.00000000              0.00
A7                                    0.00                  0.00           0.00000000              0.00
A10                              68,717.68          2,292,881.74           0.94817391         68,717.68
A11                                   0.00                  0.00           0.00000000              0.00
RI                                    0.00                  0.00           0.00000000              0.00
RII                                   0.00                  0.00           0.00000000              0.00
M1                                6,283.24         11,273,464.54           0.99676963          6,283.24
M2                                2,758.29          4,948,961.22           0.99676963          2,758.29
MX                                    0.00                  0.00           0.00000000              0.00
M3                                1,302.76          2,337,424.79           0.99676963          1,302.76
B1                                  919.43          1,649,653.74           0.99676963            919.43
B2                                  383.33            687,771.05           0.99676964            383.33
B3                                  996.19          1,787,376.55           0.99676963            996.19
Totals                        2,535,422.69        262,321,242.53           0.95094757      2,535,422.69

</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>
A1                     80,115,000.00        935.65656731         0.77350534         13.43731661        0.00000000
A2                    124,150,000.00        953.90048151         0.57677785         10.01977277        0.00000000
A3                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
A4                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
A5                      2,410,900.00       1000.00000000         0.00000000          0.00000000        0.00000000
A6                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
A8                     25,000,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A9                     19,000,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A7                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
A10                     2,418,208.00        976.59069030         0.89560948         27.52116857        0.00000000
A11                             0.00          0.00000000         0.00000000          0.00000000        0.00000000
RI                            100.00          0.00000000         0.00000000          0.00000000        0.00000000
RII                           100.00          0.00000000         0.00000000          0.00000000        0.00000000
M1                     11,310,000.00        997.32517949         0.55554730          0.00000000        0.00000000
M2                      4,965,000.00        997.32518026         0.55554683          0.00000000        0.00000000
MX                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
M3                      2,345,000.00        997.32518124         0.55554797          0.00000000        0.00000000
B1                      1,655,000.00        997.32517825         0.55554683          0.00000000        0.00000000
B2                        690,000.00        997.32517391         0.55555072          0.00000000        0.00000000
B3                      1,793,169.15        997.32517705         0.55554714          0.00000000        0.00000000
<FN>
311
</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>
A1                      0.00000000         14.21082194            921.44574537          0.92144575        14.21082194
A2                      0.00000000         10.59655070            943.30393081          0.94330393        10.59655070
A3                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
A4                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
A5                      0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A6                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
A8                      0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A9                      0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A7                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
A10                     0.00000000         28.41677804            948.17391225          0.94817391        28.41677804
A11                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
RI                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
RII                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
M1                      0.00000000          0.55554730            996.76963218          0.99676963         0.55554730
M2                      0.00000000          0.55554683            996.76963142          0.99676963         0.55554683
MX                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
M3                      0.00000000          0.55554797            996.76963326          0.99676963         0.55554797
B1                      0.00000000          0.55554683            996.76963142          0.99676963         0.55554683
B2                      0.00000000          0.55555072            996.76963768          0.99676964         0.55555072
B3                      0.00000000          0.55554714            996.76962990          0.99676963         0.55554714
<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>
A1                 80,115,000.00        7.50000%      74,960,125.89          468,500.79           0.00             0.00
A2                124,150,000.00        7.37000%     118,426,744.78          727,337.59           0.00             0.00
A3                          0.00        1.63000%     118,426,744.78          160,862.99           0.00             0.00
A4                          0.00        9.00000%      12,493,354.32           93,700.16           0.00             0.00
A5                  2,410,900.00        8.00000%       2,410,900.00           16,072.67           0.00             0.00
A6                          0.00        9.00000%         267,877.78            2,009.08           0.00             0.00
A8                 25,000,000.00        8.15000%      25,000,000.00          169,791.67           0.00             0.00
A9                 19,000,000.00        7.90000%      19,000,000.00          125,083.33           0.00             0.00
A7                          0.00        9.00000%       4,683,333.33           35,125.00           0.00             0.00
A10                 2,418,208.00        0.00000%       2,361,599.42                0.00           0.00             0.00
A11                         0.00        9.00000%      13,830,266.83          103,727.00           0.00             0.00
RI                        100.00        9.00000%               0.00                0.00           0.00             0.00
RII                       100.00        9.00000%               0.00                0.00           0.00             0.00
M1                 11,310,000.00        8.00000%      11,279,747.78           75,198.32           0.00             0.00
M2                  4,965,000.00        8.15000%       4,951,719.52           33,630.43           0.00             0.00
MX                          0.00        9.00000%       1,720,967.71           12,907.26           0.00             0.00
M3                  2,345,000.00        9.00000%       2,338,727.55           17,540.46           0.00             0.00
B1                  1,655,000.00        9.00000%       1,650,573.17           12,379.30           0.00             0.00
B2                    690,000.00        9.00000%         688,154.37            5,161.16           0.00             0.00
B3                  1,793,169.15        9.00000%       1,788,372.74           13,412.80           0.00             0.00
Totals            275,852,477.15                                           2,072,440.01           0.00             0.00

</TABLE>
 <TABLE>
 <CAPTION>

                                            Interest Distribution Statement (continued)

                                                                                         Payment of          Ending
                            Non-Supported                              Total               Unpaid         Certificate/
                              Interest           Realized            Interest             Interest          Notional
 Class                       Shortfall           Losses (4)        Distribution           Shortfall          Balance


 <S>                          <C>                  <C>             <C>                      <C>       <C>
 A1                             0.03                0.00           468,500.76                0.00      73,821,625.89
 A2                             0.04                0.00           727,337.55                0.00     117,111,183.01
 A3                             0.01                0.00           160,862.99                0.00     117,111,183.01
 A4                             0.01                0.00            93,700.15                0.00      12,303,604.32
 A5                             0.00                0.00            16,072.67                0.00       2,410,900.00
 A6                             0.00                0.00             2,009.08                0.00         267,877.78
 A8                             0.01                0.00           169,791.66                0.00      25,000,000.00
 A9                             0.01                0.00           125,083.33                0.00      19,000,000.00
 A7                             0.00                0.00            35,125.00                0.00       4,683,333.33
 A10                            0.00                0.00                 0.00                0.00       2,292,881.74
 A11                            0.01                0.00           103,727.00                0.00      13,694,975.51
 RI                             0.00                0.00                 0.00                0.00               0.00
 RII                            0.00                0.00                 0.00                0.00               0.00
 M1                             0.00                0.00            75,198.31                0.00      11,273,464.54
 M2                             0.00                0.00            33,630.43                0.00       4,948,961.22
 MX                             0.00                0.00            12,907.26                0.00       1,720,009.06
 M3                             0.00                0.00            17,540.46                0.00       2,337,424.79
 B1                             0.00                0.00            12,379.30                0.00       1,649,653.74
 B2                             0.00                0.00             5,161.16                0.00         687,771.05
 B3                             0.00                0.00            13,412.79                0.00       1,787,376.55
 Totals                         0.12                0.00         2,072,439.90                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>
A1                   80,115,000.00        7.50000%         935.65656731        5.84785359        0.00000000        0.00000000
A2                  124,150,000.00        7.37000%         953.90048151        5.85853878        0.00000000        0.00000000
A3                            0.00        1.63000%         953.90048151        1.29571478        0.00000000        0.00000000
A4                            0.00        9.00000%         935.65656768        7.01742445        0.00000000        0.00000000
A5                    2,410,900.00        8.00000%        1000.00000000        6.66666805        0.00000000        0.00000000
A6                            0.00        9.00000%        1000.00291178        7.50000933        0.00000000        0.00000000
A8                   25,000,000.00        8.15000%        1000.00000000        6.79166680        0.00000000        0.00000000
A9                   19,000,000.00        7.90000%        1000.00000000        6.58333316        0.00000000        0.00000000
A7                            0.00        9.00000%        1000.00007046        7.50000053        0.00000000        0.00000000
A10                   2,418,208.00        0.00000%         976.59069030        0.00000000        0.00000000        0.00000000
A11                           0.00        9.00000%         959.41388712        7.19560407        0.00000000        0.00000000
RI                          100.00        9.00000%           0.00000000        0.00000000        0.00000000        0.00000000
RII                         100.00        9.00000%           0.00000000        0.00000000        0.00000000        0.00000000
M1                   11,310,000.00        8.00000%         997.32517949        6.64883466        0.00000000        0.00000000
M2                    4,965,000.00        8.15000%         997.32518026        6.77350050        0.00000000        0.00000000
MX                            0.00        9.00000%         997.32537351        7.47994156        0.00000000        0.00000000
M3                    2,345,000.00        9.00000%         997.32518124        7.47994030        0.00000000        0.00000000
B1                    1,655,000.00        9.00000%         997.32517825        7.47993958        0.00000000        0.00000000
B2                      690,000.00        9.00000%         997.32517391        7.47994203        0.00000000        0.00000000
B3                    1,793,169.15        9.00000%         997.32517705        7.47994131        0.00000000        0.00000000
<FN>
(5) All Classes are 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>
A1                    0.00000037        0.00000000         5.84785321          0.00000000          921.44574537
A2                    0.00000032        0.00000000         5.85853846          0.00000000          943.30393081
A3                    0.00000008        0.00000000         1.29571478          0.00000000          943.30393081
A4                    0.00000075        0.00000000         7.01742370          0.00000000          921.44574574
A5                    0.00000000        0.00000000         6.66666805          0.00000000         1000.00000000
A6                    0.00000000        0.00000000         7.50000933          0.00000000         1000.00291178
A8                    0.00000040        0.00000000         6.79166640          0.00000000         1000.00000000
A9                    0.00000053        0.00000000         6.58333316          0.00000000         1000.00000000
A7                    0.00000000        0.00000000         7.50000053          0.00000000         1000.00007046
A10                   0.00000000        0.00000000         0.00000000          0.00000000          948.17391225
A11                   0.00000069        0.00000000         7.19560407          0.00000000          950.02864728
RI                    0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
RII                   0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
M1                    0.00000000        0.00000000         6.64883378          0.00000000          996.76963218
M2                    0.00000000        0.00000000         6.77350050          0.00000000          996.76963142
MX                    0.00000000        0.00000000         7.47994156          0.00000000          996.76982214
M3                    0.00000000        0.00000000         7.47994030          0.00000000          996.76963326
B1                    0.00000000        0.00000000         7.47993958          0.00000000          996.76963142
B2                    0.00000000        0.00000000         7.47994203          0.00000000          996.76963768
B3                    0.00000000        0.00000000         7.47993573          0.00000000          996.76962990
<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 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>
      MX1               9.00000%     1,253,305.31       1,252,607.17             0.00               0.00     99.67693669%
      MX2               9.00000%       467,662.40         467,401.89             0.00               0.00     99.67710421%
</TABLE>
<TABLE>
<CAPTION>
                                             CERTIFICATEHOLDER ACCOUNT STATEMENT
                                                      CERTIFICATE ACCOUNT

<S>                                                                                   <C>
Beginning Balance                                                                                        0.00
Deposits
    Payments of Interest and Principal                                                           4,720,201.48
    Liquidations, Insurance Proceeds, Reserve Funds                                                      0.00
    Proceeds from Repurchased Loans                                                                      0.00
    Other Amounts (Servicer Advances)                                                                    0.00
    Realized Losses                                                                                      0.00
Total Deposits                                                                                   4,720,201.48

Withdrawals
    Reimbursement for Servicer Advances                                                                  0.00
    Payment of Service Fee                                                                         112,338.89
    Payment of Interest and Principal                                                            4,607,862.59
Total Withdrawals (Pool Distribution Amount)                                                     4,720,201.48

Ending Balance                                                                                           0.00

</TABLE>
<TABLE>
<CAPTION>

                                            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
</TABLE>
<TABLE>
<CAPTION>


                                                         SERVICING FEES

<S>                                                                                   <C>
Gross Servicing Fee                                                                                109,855.83
Indenture Trustee: Wells Fargo Bank, N.A.                                                            2,483.06
Supported Prepayment/Curtailment Interest Shortfall                                                      0.00
Net Servicing Fee                                                                                  112,338.89


</TABLE>

<TABLE>
<CAPTION>                                                      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                       1                      0                      0                      1
                                44,909.20              0.00                   0.00                   44,909.20

30 Days   31                    0                      0                      0                      31
          4,134,833.58          0.00                   0.00                   0.00                   4,134,833.58

60 Days   10                    0                      4                      0                      14
          1,988,116.21          0.00                   466,736.32             0.00                   2,454,852.53

90 Days   2                     0                      3                      0                      5
          224,779.70            0.00                   539,807.68             0.00                   764,587.38

120 Days  0                     0                      3                      0                      3
          0.00                  0.00                   402,217.71             0.00                   402,217.71

150 Days  0                     0                      4                      0                      4
          0.00                  0.00                   1,065,957.34           0.00                   1,065,957.34

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

Totals    43                    1                      14                     0                      58
          6,347,729.49          44,909.20              2,474,719.05           0.00                   8,867,357.74


          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                       0.053447%              0.000000%              0.000000%              0.053447%
                                0.017120%              0.000000%              0.000000%              0.017120%

30 Days   1.656868%             0.000000%              0.000000%              0.000000%              1.656868%
          1.576248%             0.000000%              0.000000%              0.000000%              1.576248%

60 Days   0.534474%             0.000000%              0.213789%              0.000000%              0.748263%
          0.757894%             0.000000%              0.177925%              0.000000%              0.935819%

90 Days   0.106895%             0.000000%              0.160342%              0.000000%              0.267237%
          0.085689%             0.000000%              0.205781%              0.000000%              0.291470%

120 Days  0.000000%             0.000000%              0.160342%              0.000000%              0.160342%
          0.000000%             0.000000%              0.153330%              0.000000%              0.153330%

150 Days  0.000000%             0.000000%              0.213789%              0.000000%              0.213789%
          0.000000%             0.000000%              0.406356%              0.000000%              0.406356%

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

Totals    2.298236%             0.053447%              0.748263%              0.000000%              3.099947%
          2.419831%             0.017120%              0.943393%              0.000000%              3.380343%

</TABLE>




<TABLE>
<CAPTION>

                                                       OTHER INFORMATION

<S>                                                                             <C>
Current Period Realized Loss - Includes Interest Shortfall                                           0.00
Cumulative Realized Losses - Includes Interest Shortfall                                             0.00
Current Period Class A Insufficient Funds                                                            0.00
Principal Balance of Contaminated Properties                                                         0.00
Periodic Advance                                                                                     0.00
</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    A         22,758,369.15      8.25019568%      22,684,651.89    8.64766104%      91.352339%      0.000000%
Class    R-I       22,758,269.15      8.25015943%      22,684,651.89    8.64766104%       0.000000%      0.000000%
Class    R-II      22,758,169.15      8.25012318%      22,684,651.89    8.64766104%       0.000000%      0.000000%
Class    M-1       11,448,169.15      4.15010562%      11,411,187.35    4.35008131%       4.297580%     49.696441%
Class    M-2        6,483,169.15      2.35023054%       6,462,226.13    2.46347801%       1.886603%     21.816342%
Class    M-3        4,138,169.15      1.50013848%       4,124,801.34    1.57242368%       0.891054%     10.303992%
Class    B-1        2,483,169.15      0.90018012%       2,475,147.60    0.94355591%       0.628868%      7.272114%
Class    B-2        1,793,169.15      0.65004642%       1,787,376.55    0.68136935%       0.262187%      3.031878%
Class    B-3                0.00      0.00000000%               0.00    0.00000000%       0.681369%      7.879233%
<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         151,819.00       0.05503630%        151,819.00       0.05787522%
                      Fraud       5,517,049.54       2.00000000%      5,517,049.54       2.10316537%
             Special Hazard       2,758,525.00       1.00000008%      2,758,525.00       1.05158277%
<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                                         9.898692%
 Weighted Average Net Coupon                                           9.400962%
 Weighted Average Pass-Through Rate                                    9.389712%
 Weighted Average Maturity(Stepdown Calculation )                            343
 Beginning Scheduled Collateral Loan Count                                 1,885

 Number Of Loans Paid In Full                                                 14
 Ending Scheduled Collateral Loan Count                                    1,871
 Beginning Scheduled Collateral Balance                           264,856,665.22
 Ending Scheduled Collateral Balance                              262,321,242.53
 Ending Actual Collateral Balance at 31-Aug-2000                  262,321,242.53
 Monthly P &I Constant                                              2,333,164.08
 Class A Optimal Amount                                             4,356,272.05
 Ending Scheduled Balance for Premium Loans                       262,321,242.53
 </TABLE>
<TABLE>
<CAPTION>
           <S>                                        <C>
Senior Accelerated Distribution Percentag                            100.00%
Lockout Priority Percentage                                            0.00%
Senior Percentage                                               91.35324885%
</TABLE>













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