IMPAC SECURED ASSETS CORP
8-K, EX-99.1, 2001-01-04
ASSET-BACKED SECURITIES
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<TABLE>
<CAPTION>
Impac Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates



Record Date:            11/30/2000
Distribution Date:      12/26/2000


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%     71,544,625.89      447,153.91    1,138,500.00
     A2        45254TBV5         SEN          7.36750%    112,656,806.09      691,665.85    2,236,071.05
     A3        45254TBW3         SEN          1.63250%              0.00      153,260.20            0.00
     A4        45254TBX1         SEN          9.00000%              0.00       89,430.78            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      169,791.67            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%      2,261,240.24            0.00       10,918.46
    A11        45254TCE2         SEN          9.00000%              0.00      100,095.18            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%     11,260,701.35       75,071.34        6,489.12
     M2        45254TCH5         MEZ          8.15000%      4,943,358.28       33,573.64        2,848.67
     MX        45254TCG7         MEZ          9.00000%              0.00       12,885.46            0.00
     M3        45254TCJ1         MEZ          9.00000%      2,334,778.48       17,510.84        1,345.45
     B1        45254TCM4         SUB          9.00000%      1,647,786.09       12,358.40          949.56
     B2        45254TCN2         SUB          9.00000%        686,992.39        5,152.44          395.89
     B3        45254TCP7         SUB          9.00000%      1,785,352.99       13,390.15        1,028.83
Totals                                                    255,532,541.80    1,999,629.94    3,398,547.03
</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          70,406,125.89             1,585,653.91                      0.00
A2                             0.00         110,420,735.05             2,927,736.90                      0.00
A3                             0.00                   0.00               153,260.20                      0.00
A4                             0.00                   0.00                89,430.78                      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               169,791.67                      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           2,250,321.78                10,918.46                      0.00
A11                            0.00                   0.00               100,095.18                      0.00
RI                             0.00                   0.00                     0.00                      0.00
RII                            0.00                   0.00                     0.00                      0.00
M1                             0.00          11,254,212.22                81,560.46                      0.00
M2                             0.00           4,940,509.61                36,422.31                      0.00
MX                             0.00                   0.00                12,885.46                      0.00
M3                             0.00           2,333,433.04                18,856.29                      0.00
B1                             0.00           1,646,836.54                13,307.96                      0.00
B2                             0.00             686,596.50                 5,548.33                      0.00
B3                             0.00           1,784,324.15                14,418.98                      0.00
Totals                         0.00         252,133,994.78             5,398,176.97                      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      71,544,625.89          44,835.05    1,093,664.95           0.00            0.00
A2                  124,150,000.00     112,656,806.09          88,058.29    2,148,012.76           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       2,261,240.24           2,166.32        8,752.14           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      11,260,701.35           6,489.12            0.00           0.00            0.00
M2                    4,965,000.00       4,943,358.28           2,848.67            0.00           0.00            0.00
MX                            0.00               0.00               0.00            0.00           0.00            0.00
M3                    2,345,000.00       2,334,778.48           1,345.45            0.00           0.00            0.00
B1                    1,655,000.00       1,647,786.09             949.56            0.00           0.00            0.00
B2                      690,000.00         686,992.39             395.89            0.00           0.00            0.00
B3                    1,793,169.15       1,785,352.99           1,028.83            0.00           0.00            0.00
Totals              275,852,477.15     255,532,541.80         148,117.18    3,250,429.85           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         70,406,125.89           0.87881328      1,138,500.00
A2                            2,236,071.05        110,420,735.05           0.88941389      2,236,071.05
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                              10,918.46          2,250,321.78           0.93057412         10,918.46
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                                6,489.12         11,254,212.22           0.99506739          6,489.12
M2                                2,848.67          4,940,509.61           0.99506739          2,848.67
MX                                    0.00                  0.00           0.00000000              0.00
M3                                1,345.45          2,333,433.04           0.99506739          1,345.45
B1                                  949.56          1,646,836.54           0.99506740            949.56
B2                                  395.89            686,596.50           0.99506739            395.89
B3                                1,028.83          1,784,324.15           0.99506739          1,028.83
Totals                        3,398,547.03        252,133,994.78           0.91401751      3,398,547.03

</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        893.02410148         0.55963365         13.65118829        0.00000000
A2                    124,150,000.00        907.42493830         0.70928949         17.30175401        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        935.08922309         0.89583692          3.61926683        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        995.64114500         0.57375066          0.00000000        0.00000000
M2                      4,965,000.00        995.64114401         0.57375025          0.00000000        0.00000000
MX                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
M3                      2,345,000.00        995.64114286         0.57375267          0.00000000        0.00000000
B1                      1,655,000.00        995.64114199         0.57375227          0.00000000        0.00000000
B2                        690,000.00        995.64114493         0.57375362          0.00000000        0.00000000
B3                      1,793,169.15        995.64114741         0.57374955          0.00000000        0.00000000
<FN>

</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            878.81327954          0.87881328        14.21082194
A2                      0.00000000         18.01104350            889.41389489          0.88941389        18.01104350
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          4.51510375            930.57411935          0.93057412         4.51510375
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          0.57375066            995.06739346          0.99506739         0.57375066
M2                      0.00000000          0.57375025            995.06739376          0.99506739         0.57375025
MX                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
M3                      0.00000000          0.57375267            995.06739446          0.99506739         0.57375267
B1                      0.00000000          0.57375227            995.06739577          0.99506740         0.57375227
B2                      0.00000000          0.57375362            995.06739130          0.99506739         0.57375362
B3                      0.00000000          0.57374955            995.06739228          0.99506739         0.57374955
<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%      71,544,625.89          447,153.91           0.00             0.00
A2                124,150,000.00        7.36750%     112,656,806.09          691,665.85           0.00             0.00
A3                          0.00        1.63250%     112,656,806.09          153,260.20           0.00             0.00
A4                          0.00        9.00000%      11,924,104.32           89,430.78           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%       2,261,240.24                0.00           0.00             0.00
A11                         0.00        9.00000%      13,346,024.05          100,095.18           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%      11,260,701.35           75,071.34           0.00             0.00
M2                  4,965,000.00        8.15000%       4,943,358.28           33,573.64           0.00             0.00
MX                          0.00        9.00000%       1,718,061.77           12,885.46           0.00             0.00
M3                  2,345,000.00        9.00000%       2,334,778.48           17,510.84           0.00             0.00
B1                  1,655,000.00        9.00000%       1,647,786.09           12,358.40           0.00             0.00
B2                    690,000.00        9.00000%         686,992.39            5,152.44           0.00             0.00
B3                  1,793,169.15        9.00000%       1,785,352.99           13,390.15           0.00             0.00
Totals            275,852,477.15                                           1,999,629.94           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>
 A1                             0.00                0.00           447,153.91                0.00      70,406,125.89
 A2                             0.00                0.00           691,665.85                0.00     110,420,735.05
 A3                             0.00                0.00           153,260.20                0.00     110,420,735.05
 A4                             0.00                0.00            89,430.78                0.00      11,734,354.32
 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                             0.00                0.00           169,791.67                0.00      25,000,000.00
 A9                             0.00                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       2,250,321.78
 A11                            0.00                0.00           100,095.18                0.00      13,140,706.73
 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            75,071.34                0.00      11,254,212.22
 M2                             0.00                0.00            33,573.64                0.00       4,940,509.61
 MX                             0.00                0.00            12,885.46                0.00       1,717,071.71
 M3                             0.00                0.00            17,510.84                0.00       2,333,433.04
 B1                             0.00                0.00            12,358.40                0.00       1,646,836.54
 B2                             0.00                0.00             5,152.44                0.00         686,596.50
 B3                             0.00                0.00            13,390.15                0.00       1,784,324.15
 Totals                         0.00                0.00         1,999,629.94                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%         893.02410148        5.58140061        0.00000000        0.00000000
A2                  124,150,000.00        7.36750%         907.42493830        5.57121104        0.00000000        0.00000000
A3                            0.00        1.63250%         907.42493830        1.23447604        0.00000000        0.00000000
A4                            0.00        9.00000%         893.02410185        6.69768058        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%         935.08922309        0.00000000        0.00000000        0.00000000
A11                           0.00        9.00000%         925.82167566        6.94366254        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%         995.64114500        6.63760743        0.00000000        0.00000000
M2                    4,965,000.00        8.15000%         995.64114401        6.76206244        0.00000000        0.00000000
MX                            0.00        9.00000%         995.64133977        7.46730815        0.00000000        0.00000000
M3                    2,345,000.00        9.00000%         995.64114286        7.46730917        0.00000000        0.00000000
B1                    1,655,000.00        9.00000%         995.64114199        7.46731118        0.00000000        0.00000000
B2                      690,000.00        9.00000%         995.64114493        7.46730435        0.00000000        0.00000000
B3                    1,793,169.15        9.00000%         995.64114741        7.46731004        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                    0.00000000        0.00000000         5.58140061          0.00000000          878.81327954
A2                    0.00000000        0.00000000         5.57121104          0.00000000          889.41389489
A3                    0.00000000        0.00000000         1.23447604          0.00000000          889.41389489
A4                    0.00000000        0.00000000         6.69768058          0.00000000          878.81327991
A5                    0.00000000        0.00000000         6.66666805          0.00000000         1000.00000000
A6                    0.00000000        0.00000000         7.50000933          0.00000000         1000.00291178
A8                    0.00000000        0.00000000         6.79166680          0.00000000         1000.00000000
A9                    0.00000000        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          930.57411935
A11                   0.00000000        0.00000000         6.94366254          0.00000000          911.57869030
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         6.63760743          0.00000000          995.06739346
M2                    0.00000000        0.00000000         6.76206244          0.00000000          995.06739376
MX                    0.00000000        0.00000000         7.46730815          0.00000000          995.06758585
M3                    0.00000000        0.00000000         7.46730917          0.00000000          995.06739446
B1                    0.00000000        0.00000000         7.46731118          0.00000000          995.06739577
B2                    0.00000000        0.00000000         7.46730435          0.00000000          995.06739130
B3                    0.00000000        0.00000000         7.46731004          0.00000000          995.06739228
<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%     1,251,189.04       1,250,468.02             0.00               0.00     99.50671260%
      MX2               9.00000%       466,872.73         466,603.69             0.00               0.00     99.50688183%
</TABLE>
<TABLE>
<CAPTION>
                                             CERTIFICATEHOLDER ACCOUNT STATEMENT
                                                      CERTIFICATE ACCOUNT

<S>                                                                                   <C>
Beginning Balance                                                                                        0.00
Deposits
    Payments of Interest and Principal                                                           5,506,116.30
    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                                                                                   5,506,116.30

Withdrawals
    Reimbursement for Servicer Advances                                                                  0.00
    Payment of Service Fee                                                                         107,939.33
    Payment of Interest and Principal                                                            5,398,176.97
Total Withdrawals (Pool Distribution Amount)                                                     5,506,116.30

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                                                                                105,543.68
Indenture Trustee: Wells Fargo Bank, N.A.                                                            2,395.65
Supported Prepayment/Curtailment Interest Shortfall                                                      0.00
Net Servicing Fee                                                                                  107,939.33


</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                       0                      0                      0                      0
                                0.00                   0.00                   0.00                   0.00

30 Days   114                   0                      0                      0                      114
          15,904,081.22         0.00                   0.00                   0.00                   15,904,081.22

60 Days   29                    1                      0                      0                      30
          4,025,212.15          184,570.40             0.00                   0.00                   4,209,782.55

90 Days   11                    0                      9                      0                      20
          2,169,160.08          0.00                   1,587,453.95           0.00                   3,756,614.03

120 Days  1                     0                      5                      0                      6
          55,127.15             0.00                   676,468.53             0.00                   731,595.68

150 Days  1                     0                      7                      0                      8
          165,102.60            0.00                   818,504.08             0.00                   983,606.68

180+ Days 2                     2                      15                     1                      20
          414,707.67            650,326.37             2,522,128.51           273,071.69             3,860,234.24

Totals    158                   3                      36                     1                      198
          22,733,390.87         834,896.77             5,604,555.07           273,071.69             29,445,914.40


          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   6.291391%             0.000000%              0.000000%              0.000000%              6.291391%
          6.307789%             0.000000%              0.000000%              0.000000%              6.307789%

60 Days   1.600442%             0.055188%              0.000000%              0.000000%              1.655629%
          1.596458%             0.073203%              0.000000%              0.000000%              1.669661%

90 Days   0.607064%             0.000000%              0.496689%              0.000000%              1.103753%
          0.860320%             0.000000%              0.629607%              0.000000%              1.489928%

120 Days  0.055188%             0.000000%              0.275938%              0.000000%              0.331126%
          0.021864%             0.000000%              0.268297%              0.000000%              0.290161%

150 Days  0.055188%             0.000000%              0.386313%              0.000000%              0.441501%
          0.065482%             0.000000%              0.324631%              0.000000%              0.390113%

180+ Days 0.110375%             0.110375%              0.827815%              0.055188%              1.103753%
          0.164479%             0.257929%              1.000313%              0.108304%              1.531025%

Totals    8.719647%             0.165563%              1.986755%              0.055188%              10.927152%
          9.016393%             0.331132%              2.222848%              0.108304%              11.678677%

</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%      22,645,912.06    8.98169724%      91.018303%      0.000000%
Class    R-I       22,758,269.15      8.25015943%      22,645,912.06    8.98169724%       0.000000%      0.000000%
Class    R-II      22,758,169.15      8.25012318%      22,645,912.06    8.98169724%       0.000000%      0.000000%
Class    M-1       11,448,169.15      4.15010562%      11,391,699.84    4.51811341%       4.463584%     49.696441%
Class    M-2        6,483,169.15      2.35023054%       6,451,190.23    2.55863563%       1.959478%     21.816342%
Class    M-3        4,138,169.15      1.50013848%       4,117,757.19    1.63316224%       0.925473%     10.303992%
Class    B-1        2,483,169.15      0.90018012%       2,470,920.65    0.98000298%       0.653159%      7.272114%
Class    B-2        1,793,169.15      0.65004642%       1,784,324.15    0.70768884%       0.272314%      3.031878%
Class    B-3                0.00      0.00000000%               0.00    0.00000000%       0.707689%      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       0.06021362%
                      Fraud       5,517,049.54       2.00000000%      5,517,049.54       2.18814188%
             Special Hazard       2,758,525.00       1.00000008%      2,758,525.00       1.09407103%
<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                                         9.897304%
 Weighted Average Net Coupon                                           9.401662%
 Weighted Average Pass-Through Rate                                    9.390412%
 Weighted Average Maturity(Stepdown Calculation )                            340
 Beginning Scheduled Collateral Loan Count                                 1,832

 Number Of Loans Paid In Full                                                 20
 Ending Scheduled Collateral Loan Count                                    1,812
 Beginning Scheduled Collateral Balance                           255,532,541.81
 Ending Scheduled Collateral Balance                              252,133,994.78
 Ending Actual Collateral Balance at 30-Nov-2000                  252,133,994.78
 Monthly P &I Constant                                              2,255,686.57
 Class A Optimal Amount                                             5,204,258.72
 Ending Scheduled Balance for Premium Loans                       252,133,994.78
 </TABLE>
<TABLE>
<CAPTION>
           <S>                                        <C>
Senior Accelerated Distribution Percentag                            100.00%
Lockout Priority Percentage                                            0.00%
Senior Percentage                                               91.05347923%
</TABLE>













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