SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report: October 21, 1996
(Date of earliest event reported)
Asset Securitization Corporation
(Exact name of registrant as specified in its charter)
Delaware 33-49370-01 13-3672337
- ----------------------------------------------------------------
(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
Two World Financial Center, Building B, New York, New York 10281
- -------------------------------------------------------------
Address of Principal Executive Office
Registrant's telephone number, including area code: (212) 667-9300
<PAGE>
Item 5. Other Events.
Attached as Exhibit 1 to this Current Report are certain materials
(the "Term Sheets") furnished to Asset Securitization Corporation
(the "Registrant") by Nomura Securities International, Inc. (the "Underwriter"),
the underwriter in respect of the Registrant's Commercial Mortgage Pass-Through
Certificates, Series 1996-D3 (the "Certificates"). The Certificates are being
Offered pursuant to a Prospectus and related Prospectus Supplement (together,
the "Prospectus"), which will be filed with the Commission pursuant to Rule
424(b)(5) under the Securities Act of 1933, as amended (the "Act"). The
Certificates have been registered pursuant to the Act under a Registration
Statement on Form S-3 (No. 33-99502) (the "Registration Statement"). The
Registrant hereby incorporates the Term Sheets by reference in the Registration
Statement.
The Term Sheets were prepared solely by the Underwriter, and the
Registrant did not prepare or participate in the preparation of the Term Sheets.
Any statement or information contained in the Term Sheets shall be
deemed to be modified or superseded for purposes of the Prospectus and the
Registration Statement by statements or information contained in the Prospectus.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Exhibit 1. Term Sheets.
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on behalf of the Registrant
by the undersigned thereunto duly authorized.
ASSET SECURITIZATION CORPORATION
By: /s/Perry Gershon
-----------------------------
Perry Gershon
Vice President
Date: October 21, 1996
<PAGE>
Exhibit Index
Item 601(a) of
Regulation S-K
Exhibit No. Exhibit No. Description
- ----------- ----------- -----------
1 99 Term Sheets
<PAGE>
EXHIBIT 1
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-CS2 AAAIO
CUR BALANCE: $623,691,525
CUR COUPON: 1.71550
Yield to Maturity is Corporate Bond Equivalent
----------- -------- --------
SCENARIO: SCN-1 SCN-371
11.701971 9.25 5.63
11.733221 9.19 5.57
11.764471 9.13 5.51
11.795721 9.07 5.44
11.826971 9.01 5.38
11.858221 8.95 5.31
11.889471 8.89 5.25
11.920721 8.83 5.19
11.951971 8.77 5.12
* 11.983221 8.71 5.06
12.014471 8.65 5.00
12.045721 8.59 4.94
12.076971 8.53 4.88
12.108221 8.47 4.82
12.139471 8.42 4.75
12.170721 8.36 4.69
12.201971 8.30 4.63
12.233221 8.24 4.57
12.264471 8.19 4.51
12.295721 8.13 4.45
WAL: 5.58 4.81
WINDOW 14.92 24.58
BEGIN: 19961113 19961113
END: 20110913 20210513
MOD DUR: 4.40 4.18
CONVEX: 0.31 0.29
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
371 NOI decreases 5.0 %/yr. Loans with Balances greater than
15000000.0(53.3% of Cut-Off Bal., 12% of Loans)
default when DSCR less than 1.1 recovers 70% in 12 mo.
Small Loans:3.00% annual default rate after 48.00 months
(20001011.00). recover 70.00% in 12.00 months.
Cumulative Loss 17.13%. Cumulative Default 57.11%.
<PAGE>
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-4 BBB
CUR BALANCE: $39,129,349
CUR COUPON: 7.82200
Yield to Maturity is Corporate Bond Equivalent
----------- -------- --------
SCENARIO: SCN-1 SCN-371
101-07 7.95 3.38
101-08 7.95 3.38
101-09 7.94 3.37
101-10 7.94 3.37
101-11 7.94 3.37
101-12 7.93 3.36
101-13 7.93 3.36
101-14 7.93 3.35
101-15 7.92 3.35
* 101-16 7.92 3.35
101-17 7.92 3.34
101-18 7.91 3.34
101-19 7.91 3.34
101-20 7.90 3.33
101-21 7.90 3.33
101-22 7.90 3.33
101-23 7.89 3.32
101-24 7.89 3.32
101-25 7.89 3.31
101-26 7.88 3.31
WAL: 14.89 17.66
WINDOW 0.08 9.75
BEGIN: 20110913 20110913
END: 20110913 20210513
MOD DUR: 8.51 8.54
CONVEX: 1.03 1.13
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
<PAGE>
371 NOI decreases 5.0 %/yr. Loans with Balances greater than
15000000.0(53.3% of Cut-Off Bal., 12% of Loans) default when
DSCR less than 1.1 recovers 70% in 12 mo.
Small Loans:3.00% annual default rate after 48.00 months
(20001011.00). recover 70.00% in 12.00 months.
Cumulative Loss 17.13%. Cumulative Default 57.11%.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-5 BBB-
CUR BALANCE: $15,651,739
CUR COUPON: 8.16500
Yield to Maturity is Corporate Bond Equivalent
----------- -------- --------
SCENARIO: SCN-1 SCN-371
101.218750 8.30 -12.94
101.250000 8.30 -12.95
101.281250 8.29 -12.95
101.312500 8.29 -12.96
101.343750 8.29 -12.97
101.375000 8.28 -12.97
101.406250 8.28 -12.98
101.437500 8.28 -12.99
101.468750 8.27 -12.99
* 101.500000 8.27 -13.00
101.531250 8.26 -13.01
101.562500 8.26 -13.01
101.593750 8.26 -13.02
101.625000 8.25 -13.03
101.656250 8.25 -13.03
101.687500 8.25 -13.04
101.718750 8.24 -13.05
101.750000 8.24 -13.06
101.781250 8.24 -13.06
101.812500 8.23 -13.07
WAL: 14.89 3.67
WINDOW 0.08 8.00
BEGIN: 20110913 19961113
END: 20110913 20041013
MOD DUR: 8.33 4.56
CONVEX: 1.00 0.28
<PAGE>
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
371 NOI decreases 5.0 %/yr. Loans with Balances greater than
15000000.0(53.3% of Cut-Off Bal., 12% of Loans) default when
DSCR less than 1.1 recovers 70% in 12 mo. Small Loans:3.00%
annual default rate after 48.00 months (20001011.00).
recover 70.00% in 12.00 months.
Cumulative Loss 17.13%. Cumulative Default 57.11%.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
<PAGE>
<TABLE>
LOANS
<CAPTION>
CROSS NO_OF PROP_ PROP_ CURRENT
FLAG LOAN NAME PROPERTY NAME PROP TYPE1 TYPE2 LOAN_TYPE ORIG-AMT AMOUNT
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Foothill Courtyard Apatments Foothill Courtyard Apatments 1 MF MF HYPER 2,633,000 2,631,488
Woodridge Estates Woodridge Estates 1 MHP MHP BALLOON 2,700,000 2,697,136
Market at Uvalde Market at Uvalde 1 RETL ANCHORED HYPER 2,750,000 2,744,750
RCA-Addison RCA-Addison 1 MF MF HYPER 13,530,000 13,530,000
1010 Northern Boulvard 1010 Northern Boulvard 1 OFFC OFFC HYPER 19,500,000 19,500,000
X Chateau Oaks Chateau Forrest 2 MHP MHP HYPER 2,500,000 2,498,516
Ridgewood Village Apartments Ridgewood Village Apartments 1 MF MF HYPER 7,113,000 7,108,874
Charleston Park Charleston Park 1 MF MF HYPER 5,212,500 5,209,635
Pecan Crossing Pecan Crossing 1 MF MF HYPER 4,850,000 4,847,134
Towne Pointe Towne Pointe 1 RETL UNANCHORED HYPER 6,550,000 6,546,799
Red Carpet Apartments Red Carpet Apartments 1 MF MF HYPER 1,400,000 1,399,219
Marysville Estate Marysville Estate 1 MHP MHP BALLOON 4,233,000 4,228,510
X Beltway II Hechinger's Plaza 2 RETL ANCHORED HYPER 5,760,000 5,744,796
Regency Towers Regency Towers 1 MF MF HYPER 5,600,000 5,591,168
Ridgewood MHP Ridgewood MHP 1 MHP MHP BALLOON 1,700,000 1,699,102
Georgian Heights Apartments Georgian Heights Apartments 1 MF MF HYPER 1,288,000 1,287,277
Crystal Lake MHP Crystal Lake MHP 1 MHP MHP BALLOON 1,927,000 1,915,126
Simi Valley Plaza Simi Valley Plaza 1 RETL ANCHORED HYPER 16,385,496 16,357,401
Medford Nursing Home Medford Nursing Home 1 NURS NURS BALLOON 2,550,000 2,544,390
I. Goldberg Shopping Center I. Goldberg Shopping Center 1 RETL ANCHORED HYPER 2,550,000 2,540,950
Santa Rita Care Center Santa Rita Care Center 1 NURS NURS HYPER 3,825,000 3,813,383
Brookwood MHP Brookwood MHP 1 MHP MHP BALLOON 2,755,000 2,742,933
Crosspointe Crosspointe 1 OFFC OFFC HYPER 6,500,000 6,494,134
X Pacific Properties Montego Bay 6 MF MF HYPER 68,500,000 68,458,716
Val Vista Crossing Val Vista Crossing 1 RETL ANCHORED HYPER 5,251,548 5,242,812
Park Hallow Apartments Park Hallow Apartments 1 MF MF BALLOON 1,875,000 1,861,647
Ravines MHP Ravines MHP 1 MHP MHP BALLOON 1,968,000 1,964,883
Bolsa Marketplace Bolsa Marketplace 1 RETL ANCHORED HYPER 4,875,000 4,868,179
Cactus Wren MHP Cactus Wren MHP 1 MHP MHP BALLOON 996,000 994,950
Johanna Woods Johanna Woods 1 MHP MHP BALLOON 1,800,000 1,797,015
Branch Avenue Plaza Branch Avenue Plaza 1 RETL UNANCHORED HYPER 2,075,000 2,071,701
Gramercy Apts Gramercy Apts 1 MF MF HYPER 5,875,000 5,875,000
Grandmont Gardens Grandmont Gardens 1 MF MF BALLOON 1,619,000 1,617,452
Holiday Inn - Salt Lake Holiday Inn - Salt Lake 1 HOTL LTD HYPER 2,300,000 2,287,558
Mobile Gardens MHP Mobile Gardens MHP 1 MHP MHP BALLOON 1,050,000 1,047,443
Village Squire Apartments Village Squire Apartments 1 MF MF HYPER 15,000,000 14,930,537
Lake Arrowhead Village Lake Arrowhead Village 1 RETL ANCHORED HYPER 19,800,000 19,789,627
X Pinnacle Retail Portfolio Brookhaven 8 RETL ANCHORED HYPER 16,714,999 16,714,999
Malibu Canyon Office Park Malibu Canyon Office Park 1 OFFC OFFC HYPER 25,000,000 25,000,000
Charles Company II 3 RETL UNANCHORED HYPER 6,800,000 6,800,000
Alderwood Village Alderwood Village 1 RETL ANCHORED HYPER 5,600,000 5,585,493
Crestview Plaza Crestview Plaza 1 RETL ANCHORED HYPER 4,370,000 4,363,076
X Charles Company I Van Ness 2 RETL UNANCHORED HYPER 7,005,000 7,005,000
<CAPTION>
CROSS AMT PER
FLAG LOAN NAME PROPERTY NAME UNIT RATE A_YR_DS DSCR VALUE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Foothill Courtyard Apatments Foothill Courtyard Apatments 24,366 8.760% 248,791.56 1.38 3,350,000
Woodridge Estates Woodridge Estates 7,471 9.160% 264,436.32 1.36 3,500,000
Market at Uvalde Market at Uvalde 64 9.700% 282,309.96 1.34 3,600,000
RCA-Addison RCA-Addison 21,476 8.617% 1,261,895.40 1.49 18,100,000
1010 Northern Boulvard 1010 Northern Boulvard 116 9.250% 1,925,060.52 1.26 26,900,000
X Chateau Oaks Chateau Forrest 43,601,891 11,955 8.600% 232,803.48 1.40 3,500,000
Ridgewood Village Apartments Ridgewood Village Apartments 28,210 8.710% 669,059.04 1.30 9,550,000
Charleston Park Charleston Park 26,179 8.970% 501,941.88 1.32 7,050,000
Pecan Crossing Pecan Crossing 19,235 8.620% 452,466.60 1.36 6,550,000
Towne Pointe Towne Pointe 89 9.530% 662,632.56 1.27 9,000,000
Red Carpet Apartments Red Carpet Apartments 17,064 8.900% 133,969.56 1.29 1,905,000
Marysville Estate Marysville Estate #DIV/0! 9.160% 414,577.44 1.44 5,790,000
X Beltway II Hechinger's Plaza 57 8.920% 552,181.08 1.46 8,150,000
Regency Towers Regency Towers 31,950 9.220% 551,377.56 1.30 7,800,000
Ridgewood MHP Ridgewood MHP 17,517 9.160% 166,497.00 1.40 2,375,000
Georgian Heights Apartments Georgian Heights Apartments 17,879 8.870% 122,920.68 1.30 1,800,000
Crystal Lake MHP Crystal Lake MHP 10,944 8.250% 182,321.16 1.50 2,675,000
Simi Valley Plaza Simi Valley Plaza 74 8.980% 1,579,268.16 1.40 23,500,000
Medford Nursing Home Medford Nursing Home 30,290 10.210% 282,605.16 1.79 3,400,000
I. Goldberg Shopping Center I. Goldberg Shopping Center 63 9.100% 258,892.80 1.28 3,600,000
Santa Rita Care Center Santa Rita Care Center 32,593 10.030% 418,064.76 1.34 5,100,000
Brookwood MHP Brookwood MHP 9,624 9.200% 281,980.08 1.26 3,675,000
Crosspointe Crosspointe 34 8.930% 650,838.24 1.45 9,400,000
X Pacific Properties Montego Bay 39,617 8.525% 6,335,038.56 1.45 104,250,000
Val Vista Crossing Val Vista Crossing 55 9.080% 510,693.48 1.30 7,800,000
Park Hallow Apartments Park Hallow Apartments 10,887 8.330% 178,605.72 1.51 2,500,000
Ravines MHP Ravines MHP 8,811 9.200% 193,428.00 1.35 2,900,000
Bolsa Marketplace Bolsa Marketplace 56 9.790% 504,324.60 1.36 6,500,000
Cactus Wren MHP Cactus Wren MHP 10,050 9.190% 97,806.96 1.36 1,475,000
Johanna Woods Johanna Woods 7,488 9.460% 188,118.24 1.64 2,500,000
Branch Avenue Plaza Branch Avenue Plaza 26 9.710% 221,196.36 1.26 2,900,000
Gramercy Apts Gramercy Apts 32,104 8.610% 547,589.52 1.32 8,700,000
Grandmont Gardens Grandmont Gardens 21,282 8.580% 157,488.24 1.47 2,250,000
Holiday Inn - Salt Lake Holiday Inn - Salt Lake 24,865 10.000% 250,801.44 1.45 3,300,000
Mobile Gardens MHP Mobile Gardens MHP 6,125 9.610% 111,050.76 1.54 1,500,000
Village Squire Apartments Village Squire Apartments 24,843 8.170% 1,342,169.88 1.35 22,500,000
Lake Arrowhead Village Lake Arrowhead Village 87 9.200% 1,946,073.84 1.34 28,500,000
X Pinnacle Retail Portfolio Brookhaven 23 9.500% 1,752,460.80 1.30 24,900,000
Malibu Canyon Office Park Malibu Canyon Office Park 78 8.86% 2,383,709.40 1.44 36,000,000
Charles Company II 155 9.450% 710,102.40 1.34 10,200,000
Alderwood Village Alderwood Village 51 9.240% 575,025.00 1.41 8,200,000
Crestview Plaza Crestview Plaza 54 9.730% 466,578.36 1.32 6,470,000
X Charles Company I Van Ness 109 9.450% 731,509.92 1.33 10,600,000
</TABLE>
Page 1
<PAGE>
LOANS
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Lee Park Lee Park 1 IND IND HYPER 24,400,000 24,365,401
Phoenix West Mobile Home Park Phoenix West Mobile Home Park 1 MHP MHP BALLOON 850,000 848,552
Paradise Valley Paradise Valley 1 RETL ANCHORED HYPER 5,400,000 5,388,601
Cypress Grove Apartments Cypress Grove Apartments 1 MF MF BALLOON 4,116,000 4,092,036
Anchorage Shopping Center Anchorage Shopping Center 1 RETL UNANCHORED HYPER 28,250,000 28,250,000
Mobile Estates Mobile Estates 1 MHP MHP BALLOON 860,000 859,272
Coachland MHP Coachland MHP 1 MHP MHP BALLOON 1,700,000 1,690,881
X Ambassador Apartments Westway Village 4 MF MF HYPER 16,100,000 16,043,236
Barcelona Court Barcelona Court 1 HOTL LTD HYPER 4,700,000 4,686,890
Stratford Arms Apartments Stratford Arms Apartments 1 MF MF BALLOON 1,871,000 1,860,457
Holiday Inn -- Wilmington Holiday Inn -- Wilmington 1 HOTL FULL HYPER 7,300,000 7,280,643
Locust Grove MHP Locust Grove MHP 1 MHP MHP BALLOON 1,300,000 1,292,614
Cardinal Village Apartments Cardinal Village Apartments 1 MF MF BALLOON 1,677,000 1,667,550
Grogan's Mills Grogan's Mills 1 RETL UNANCHORED HYPER 1,090,000 1,089,147
Best Western - Goodyear Best Western - Goodyear 1 HOTL LTD HYPER 2,500,000 2,475,763
9300 Wilshire Blvd. 9300 Wilshire Blvd. 1 OFFC OFFC HYPER 4,123,000 4,107,649
Country Hearth Inn - Auburn Country Hearth Inn - Auburn 1 HOTL LTD HYPER 1,809,000 1,804,678
Tara - MHP Tara - MHP 1 MHP MHP BALLOON 1,781,000 1,775,194
Best Western (Morristown Inn) Best Western (Morristown Inn) 1 HOTL LTD HYPER 2,310,000 2,306,795
Hampton Inn - Key West Hampton Inn - Key West 1 HOTL LTD HYPER 8,690,000 8,665,399
Gwinnett Estates Gwinnett Estates 1 MHP MHP BALLOON 2,029,000 2,022,104
Sacramento Office Building Sacramento Office 1 OFFC OFFC HYPER 16,575,000 16,527,580
Camelot Care Center Camelot Care Center 1 NURS NURS BALLOON 12,000,000 11,967,095
East Street Trading Center East Street Trading Center 1 IND IND HYPER 2,948,000 2,935,879
Westwood Plaza Westwood Plaza 1 NURS NURS HYPER 2,822,000 2,806,675
Days Inn - Merchandise Mart Days Inn - Merchandise Mart 1 HOTL FULL HYPER 16,000,000 16,000,000
Franklin Estates Franklin Estates 1 MHP MHP BALLOON 3,272,000 3,260,879
Country Hearth Inn - Findlay Country Hearth Inn - Findlay 1 HOTL LTD HYPER 1,711,000 1,706,912
Hampton Inn - Memphis Hampton Inn - Memphis 1 HOTL LTD HYPER 3,800,000 3,786,623
Silver Sands RV Resort Silver Sands RV Resort 1 MHP MHP HYPER 1,355,000 1,352,928
Atlanta Decorative Art Center Atlanta Decorative Art Center 1 OFFC OFFC HYPER 23,100,000 23,040,712
Hyatt Regency/Riverwalk-San Hyatt Regency/Riverwalk- 1 HOTL FULL HYPER 71,000,000 70,939,362
Antonio San Antonio
Days Inn-San Jose Days Inn-San Jose 1 HOTL LTD HYPER 2,275,000 2,273,351
Best Western-Monterey Best Western-Monterey 1 HOTL LTD HYPER 1,819,000 1,816,523
Holiday Inn Express - Holiday Inn Express - 1 HOTL LTD HYPER 2,080,000 2,071,925
Douglasville Douglasville
X Riva Office/Hotel Days Inn - Annapolis 2 HOTL LTD HYPER 5,300,000 5,287,224
Country Club Corners Country Club Corners 1 RETL ANCHORED HYPER 1,100,000 1,093,650
X Wingray Hawaiian Gardens 4 MHP MHP BALLOON 7,875,000 7,841,350
Torrance Plaza Hotel Torrance Plaza Hotel 1 HOTL FULL HYPER 2,642,000 2,638,347
122-124 Duane Street 122-124 Duane Street 1 MF MF HYPER 3,070,000 3,041,009
Leaden Hall II Med Centre Leaden Hall II Med Centre 1 MIXED MIXED HYPER 2,600,000 2,595,943
Farmville Super 8 Farmville Super 8 1 HOTL LTD HYPER 553,326 549,669
Best Western-Dorsey Best Western-Dorsey 1 HOTL LTD HYPER 3,450,000 3,447,496
X Slavik Suites Comfort Inn - Mystic 6 HOTL LTD HYPER 17,000,000 16,961,456
Casas Adobes Casas Adobes 1 RETL ANCHORED HYPER 2,165,000 2,161,661
First Tennessee Bank Building First Tennessee Bank Building 1 OFFC OFFC HYPER 5,873,000 5,853,895
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Lee Park Lee Park 35 9.380% 2,533,802.28 1.34 37,000,000
Phoenix West Mobile Home Park Phoenix West Mobile Home Park 241,625,832 9,753 9.300% 87,703.08 1.40 1,280,000
Paradise Valley Paradise Valley 62 9.220% 531,685.56 1.46 8,850,000
Cypress Grove Apartments Cypress Grove Apartments 19,579 8.600% 401,051.76 1.41 6,740,000
Anchorage Shopping Center Anchorage Shopping Center 359 8.850% 2,742,851.16 1.34 43,600,000
Mobile Estates Mobile Estates 9,045 9.310% 88,806.24 1.73 1,340,000
Coachland MHP Coachland MHP 9,342 9.100% 172,595.16 1.55 2,670,000
X Ambassador Apartments Westway Village 19,613 7.882% 1,401,772.92 1.86 28,600,000
Barcelona Court Barcelona Court 29,111 10.530% 533,727.36 1.35 6,300,000
Stratford Arms Apartments Stratford Arms Apartments 12,743 8.800% 185,351.04 1.28 3,200,000
Holiday Inn -- Wilmington Holiday Inn -- Wilmington 31,382 9.980% 844,198.56 1.52 10,200,000
Locust Grove MHP Locust Grove MHP 13,057 8.750% 128,254.44 1.38 2,060,000
Cardinal Village Apartments Cardinal Village Apartments 12,444 8.800% 166,132.32 1.32 2,910,000
Grogan's Mills Grogan's Mills 65 9.780% 116,835.60 1.37 1,800,000
Best Western - Goodyear Best Western - Goodyear 29,127 9.800% 285,542.52 1.51 3,600,000
9300 Wilshire Blvd. 9300 Wilshire Blvd. 73 10.170% 455,531.52 1.43 5,700,000
Country Hearth Inn - Auburn Country Hearth Inn - Auburn 23,137 10.780% 220,826.40 1.49 2,720,000
Tara - MHP Tara - MHP 8,966 9.610% 188,363.28 1.31 2,450,000
Best Western (Morristown Inn) Best Western (Morristown Inn) 38,447 10.510% 261,925.20 1.41 3,300,000
Hampton Inn - Key West Hampton Inn - Key West 55,194 10.210% 963,073.92 1.40 13,200,000
Gwinnett Estates Gwinnett Estates 10,111 9.360% 210,363.00 1.29 2,800,000
Sacramento Office Building Sacramento Office 85 9.380% 1,721,220.24 1.33 24,350,000
Camelot Care Center Camelot Care Center 31,410 10.630% 1,373,013.48 1.65 17,400,000
East Street Trading Center East Street Trading Center 17 9.580% 311,048.52 1.37 5,100,000
Westwood Plaza Westwood Plaza 37,422 9.860% 323,660.04 1.52 4,250,000
Days Inn - Merchandise Mart Days Inn - Merchandise Mart 60,837 10.400% 1,799,133.36 1.43 27,800,000
Franklin Estates Franklin Estates 12,688 9.360% 339,234.96 1.27 4,600,000
Country Hearth Inn - Findlay Country Hearth Inn - Findlay 24,041 10.780% 208,863.48 1.40 2,720,000
Hampton Inn - Memphis Hampton Inn - Memphis 29,583 10.500% 430,546.80 1.40 7,060,000
Silver Sands RV Resort Silver Sands RV Resort 7,601 9.940% 147,067.56 1.36 2,025,000
Atlanta Decorative Art Center Atlanta Decorative Art Center 54 9.750% 2,537,719.56 1.34 41,000,000
Hyatt Regency/Riverwalk-San Hyatt Regency/Riverwalk- 0.0% 112,424 9.260% 7,302,253.20 1.58 110,000,000
Antonio San Antonio
Days Inn-San Jose Days Inn-San Jose 42,099 10.230% 252,515.28 1.56 3,450,000
Best Western-Monterey Best Western-Monterey 33,028 9.740% 206,898.72 1.70 2,900,000
Holiday Inn Express - Holiday Inn Express - 41,439 10.200% 244,186.08 1.42 3,000,000
Douglasville Douglasville
X Riva Office/Hotel Days Inn - Annapolis 137 9.670% 563,205.24 1.41 10,200,000
Country Club Corners Country Club Corners 22 9.380% 122,008.80 1.30 1,850,000
X Wingray Hawaiian Gardens 7,834 9.357% 816,373.20 1.34 12,400,000
Torrance Plaza Hotel Torrance Plaza Hotel 25,615 10.530% 300,022.92 1.74 4,500,000
122-124 Duane Street 122-124 Duane Street #DIV/0! 8.750% 325,559.04 1.81 5,300,000
Leaden Hall II Med Centre Leaden Hall II Med Centre 56 9.820% 279,565.44 1.31 4,450,000
Farmville Super 8 Farmville Super 8 584,453,418 13,087 9.820% 61,487.40 1.89 850,000
Best Western-Dorsey Best Western-Dorsey 25,728 10.220% 382,641.60 1.55 6,200,000
X Slavik Suites Comfort Inn - Mystic 22,585 10.400% 1,911,579.24 1.46 32,990,000
Casas Adobes Casas Adobes 31 9.890% 234,068.88 1.41 4,900,000
First Tennessee Bank Building First Tennessee Bank Building 14 9.885% 612,496.68 1.76 12,900,000
</TABLE>
Page 2
<PAGE>
LOANS
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Comfort Inn - Salisbury Comfort Inn - Salisbury 1 HOTL LTD HYPER 3,150,000 3,135,456
Hotel Grand Victorian Hotel Grand Victorian 1 HOTL LTD HYPER 4,795,000 4,777,119
Havre de Grace Super 8 Havre de Grace Super 8 1 HOTL LTD HYPER 699,992 693,863
Quality Inn Roanoke Quality Inn Roanoke 1 HOTL FULL HYPER 1,500,000 1,498,132
Solana Y. Sombra Solana Y. Sombra 1 MHP MHP BALLOON 988,000 982,656
x Owensboro Hotels Holiday Inn - Owensboro 2 HOTL LTD HYPER 5,530,000 5,473,958
Monroe Gardens Monroe Gardens 1 MF MF HYPER 4,298,000 4,274,524
Best Western - Galveston Best Western - Galveston 1 HOTL LTD HYPER 4,062,000 4,045,482
Holiday Inn-Denton Holiday Inn-Denton 1 HOTL FULL HYPER 2,703,000 2,699,491
Best Western McMinnville Best Western McMinnville 1 HOTL LTD HYPER 1,930,000 1,925,058
M&M Mobile Villa M&M Mobile Villa 1 MHP MHP BALLOON 3,525,000 3,512,919
Ramada Inn Williamsburg Ramada Inn Williamsburg 1 HOTL FULL HYPER 3,635,000 3,621,088
Mariner's Village Mariner's Village 1 MF MF BALLOON 54,866,945 54,709,251
Holiday Inn - Monroe Holiday Inn - Monroe 1 HOTL FULL HYPER 3,725,000 3,710,781
Ramada Limited-Denver North Ramada Limited-Denver North 1 HOTL LTD HYPER 2,100,000 2,097,136
Hampton Inn - Indianapolis Hampton Inn - Indianapolis 1 HOTL LTD HYPER 3,750,000 3,721,857
Best Western - Sunrise Best Western - Sunrise 1 HOTL FULL HYPER 4,400,000 4,393,851
Redondo Beach Redondo Beach
Galway Bay Galway Bay 1 MHP MHP FULLY 1,550,000 1,543,086
Royal Palm MHP Royal Palm MHP 1 MHP MHP FULLY 1,725,000 1,715,640
Maple Park Terrace Apartments Maple Park Terrace Apartments 1 MF MF FULLY 2,500,000 2,495,973
Comfort Inn - Goodyear Comfort Inn - Goodyear 1 HOTL LTD FULLY 3,900,000 3,859,630
Fox Glen Apartments Fox Glen Apartments 1 MF MF FULLY 3,800,000 3,793,878
Comfort Inn - North Carolina Comfort Inn - North Carolina 1 HOTL LTD FULLY 1,674,000 1,657,038
Best Western - Lafayette Best Western - Lafayette 1 HOTL FULL FULLY 5,000,000 4,956,197
783,334,806 781,773,882
0 0
====================================================================================================================================
Total 112 143 783,334,806 781,773,882
Wtd Avg
Average 6,932,166 6,918,353
Count
Min 553,326 549,669
Max 71,000,000 70,939,362
====================================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Comfort Inn - Salisbury Comfort Inn - Salisbury 32,661 10.000% 343,488.84 1.47 4,430,000
Hotel Grand Victorian Hotel Grand Victorian 31,428 10.510% 574,854.36 1.55 7,300,000
Havre de Grace Super 8 Havre de Grace Super 8 11,191 9.670% 79,232.88 1.41 1,120,000
Quality Inn Roanoke Quality Inn Roanoke 9,856 10.430% 178,862.76 1.56 2,325,000
Solana Y. Sombra Solana Y. Sombra 10,566 9.050% 99,901.32 1.61 1,350,000
x Owensboro Hotels Holiday Inn - Owensboro 20,579 9.455% 616,672.44 1.58 8,370,000
Monroe Gardens Monroe Gardens 26,716 8.990% 432,470.76 1.39 6,080,000
Best Western - Galveston Best Western - Galveston 26,791 9.840% 465,234.60 1.45 6,500,000
Holiday Inn-Denton Holiday Inn-Denton 18,746 10.110% 315,381.96 1.42 4,400,000
Best Western McMinnville Best Western McMinnville 29,616 10.250% 227,348.64 1.66 3,200,000
M&M Mobile Villa M&M Mobile Villa 14,280 9.310% 364,002.36 1.31 5,300,000
Ramada Inn Williamsburg Ramada Inn Williamsburg 25,146 10.310% 429,940.44 1.33 6,925,000
Mariner's Village Mariner's Village 0.0% 55,769 8.710% 5,801,587.32 1.30 80,000,000
Holiday Inn - Monroe Holiday Inn - Monroe 19,530 10.330% 441,183.00 1.42 7,300,000
Ramada Limited-Denver North Ramada Limited-Denver North 14,980 9.730% 238,694.76 1.52 4,200,000
Hampton Inn - Indianapolis Hampton Inn - Indianapolis 30,015 9.100% 407,775.36 1.92 7,400,000
Best Western - Sunrise Best Western - Sunrise 761,752,440 39,584 9.540% 493,545.24 2.03 10,800,000
Redondo Beach Redondo Beach
Galway Bay Galway Bay 73,797,052 9,077 9.090% 157,238.40 2.00 3,430,000
Royal Palm MHP Royal Palm MHP 15,318 9.030% 174,139.08 1.64 2,700,000
Maple Park Terrace Apartments Maple Park Terrace Apartments 13,565 8.420% 258,829.92 1.98 5,000,000
Comfort Inn - Goodyear Comfort Inn - Goodyear 24,123 9.280% 429,536.04 1.67 6,240,000
Fox Glen Apartments Fox Glen Apartments 10,338 8.420% 393,421.56 2.25 8,900,000
Comfort Inn - North Carolina Comfort Inn - North Carolina 29,590 9.450% 186,591.12 1.38 2,400,000
Best Western - Lafayette Best Western - Lafayette 0.0% 16,632 9.350% 553,414.80 2.01 11,900,000
0.0%
====================================================================================================================================
Total 1,211,300,000
Wtd Avg 9.245% 1.442 38,061,218
Average 9.442% 1.468 10,719,469
Count
Min 7.882% 1.260 850,000
Max 10.780% 2.250 110,000,000
====================================================================================================================================
</TABLE>
Page 3
<PAGE>
<TABLE>
<CAPTION>
LOANS
ANTI_
VALUE_PER_UNIT LTV BALLOON BLTV AMORT ANTI_TERM TERM REMAIN_TERM LOCKOUT_MO LOCKOUT_REM CASH_FLOW
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
31,019 79% 2,344,395 70.0% 360 120 360 119 116 115 343,615
9,695 77% 2,421,468 69.2% 360 120 118 116 114 359,519
84 76% 2,488,901 69.1% 360 120 360 116 116 112 377,254
28,730 75% 12,270,961.30 67.8% 360 120 360 120 116 116 1,885,405
160 72% 17,928,834.10 66.6% 360 120 360 120 116 116 2,418,692
16,746 71% 2,329,863 66.6% 360 84 360 83 80 79 325,552
37,897 74% 6,327,444 66.3% 360 120 360 119 116 115 868,430
35,427 74% 4,659,011 66.1% 360 120 360 119 116 115 663,610
25,992 74% 4,307,074 65.8% 360 120 360 119 116 115 617,062
122 73% 5,911,561 65.7% 360 120 360 119 116 115 839,079
23,232 73% 1,249,756 65.6% 360 120 360 119 116 115 173,303
#DIV/0! 73% 3,796,323 65.6% 360 120 118 116 114 598,137
80 70% 5,259,751.86 64.5% 360 120 360 114 119 113 806,972
44,571 72% 5,027,570 64.5% 360 120 360 117 116 113 715,140
24,485 72% 1,524,627 64.2% 360 120 119 116 115 232,812
25,000 72% 1,149,128 63.8% 360 120 360 119 116 115 160,048
15,286 72% 1,706,845 63.8% 300 84 78 80 74 273,186
107 70% 14,981,027.35 63.7% 360 120 360 116 116 112 2,209,381
40,476 75% 2,165,579 63.7% 300 120 117 116 113 504,482
89 71% 2,288,574 63.6% 300 84 300 80 80 76 331,475
43,590 75% 3,236,473 63.5% 300 120 300 116 116 112 559,236
12,895 75% 2,289,843 62.3% 300 120 115 116 111 355,936
50 69% 5,818,887 61.9% 300 84 300 83 80 79 946,658
60,330 66% 64,479,659.00 61.9% 360 85 361 84 81 80 9,191,870
81 67% 4,811,702.66 61.7% 360 120 360 116 116 112 662,267
14,620 74% 1,526,859 61.1% 300 120 113 116 109 269,326
13,004 68% 1,766,215 60.9% 360 120 117 116 113 260,223
75 75% 3,958,117 60.9% 360 180 360 177 176 173 685,277
14,899 67% 893,721 60.6% 360 120 118 116 114 132,667
10,417 72% 1,504,735 60.2% 300 120 118 116 114 309,297
37 71% 1,744,009 60.1% 300 120 300 118 116 114 278,547
47,541 68% 5,216,344 60.0% 360 120 360 120 116 116 723,617
29,605 72% 1,326,417 59.0% 300 120 119 116 115 230,776
35,870 69% 1,944,911 58.9% 300 120 300 113 116 109 362,700
8,772 70% 880,624 58.7% 300 120 117 116 113 170,884
37,438 66% 13,204,341 58.7% 360 120 360 113 116 109 1,810,056
125 69% 16,601,465.67 58.3% 360 180 360 179 176 175 2,604,160
35 67% 14,346,212.29 57.6% 300 120 300 120 116 116 2,277,634
112 69% 20,691,853.06 57.5% 360 180 360 180 176 176 3,427,873
233 67% 5,828,863.22 57.1% 300 120 300 120 116 116 951,398
75 68% 4,658,668 56.8% 300 120 300 117 116 113 809,769
81 67% 3,674,491 56.8% 300 120 300 118 116 114 616,356
165 66% 6,004,585.96 56.6% 300 120 300 120 116 116 975,972
<CAPTION>
UNITS UNIT_OF_MEASURE PREF_EQUITY GROUND_LEASE 1993_NOI 1994_NOI 1995_NOI
<S> <C> <C> <C> <C> <C> <C>
108 units 181000 199,532 285,774
361 Pads 267,531 317,200 342,681
42,724 sf 426,874 410,862 432,887
630 units Yes 963,212 1,819,350
167,614 sf
209 pads
252 units 353,000 775,095 899,095 918,841
199 units 722,266 703,621 705,696
252 units 756,887 700,761 634,754
73,720 sf
82 units 140,871 211,841 185,454
0 Pads 492,507 554,673 587,294
101,437 sf
175 units 662,637 686,650 716,789
97 pads
72 units 175,792 178,180 171,763
175 pads 250,037 269,254 280,302
219,671 sf 1,385,394 2,196,623
84 beds 308,096 550,325
40,300 sf 320,972 348,299 376,192
117 beds 266,290 494,867 656,690
285 pads 296,678 365,680 348,457
189,768 sf 470,416
1,728 units possibly at a later 1,962,353 2,389,411 2,348,537
date
95,978 sf 670,634
171 units 169,094 306,819
223 pads 194,287 217,485 232,827
86,711 sf Yes 380,391 599,780 797,778
99 pads 103,785 113,402
240 Pads 197,007 216,903 264,930
78,561 sf 284,066 315,927 348,554
183 units 400000
76 units 255,611 220,090 252,450
92 rooms
171 pads 147,339 158,550 179,334
601 units 1,364,232 1,622,766 1,924,355
228,164 sf 2,338,813 2,656,174
713,253 sf 1,490,000
320,358 sf ?
43,777
109,559 sf 867,345 859,383 937,558
80,261 sf 435,747 599,247 507,214
64,411 sf ?
</TABLE>
Page 4
<PAGE>
<TABLE>
<CAPTION>
LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
53 66% 20,879,217.63 56.4% 300 120 300 118 119 117 3,391,937
14,713 66% 708,067 55.3% 300 120 118 116 114 123,045
101 61% 4,848,013 54.8% 360 120 360 116 116 112 776,781
32,249 61% 3,666,125 54.4% 300 84 78 80 74 566,189
554 65% 23,509,974.10 53.9% 330 150 330 150 146 146 3,681,425
14,105 64% 716,556 53.5% 300 120 119 116 115 153,453
14,751 63% 1,409,782 52.8% 300 120 114 116 110 267,788
34,963 56% 15,030,188.04 52.6% 360 84 360 78 83 77 2,603,958
39,130 74% 3,292,102 52.3% 300 180 300 176 176 172 718,496
21,918 58% 1,671,651 52.2% 300 84 78 80 74 237,579
43,966 71% 5,327,920 52.2% 240 120 240 118 116 114 1,285,854
20,808 63% 1,069,376 51.9% 300 120 114 116 110 177,358
21,716 57% 1,498,322 51.5% 300 84 78 80 74 220,069
108 61% 917,492 51.0% 300 120 300 119 116 115 159,526
42,353 69% 1,815,794 50.4% 240 120 240 113 116 109 429,976
101 72% 2,852,194 50.0% 300 180 300 175 176 171 649,199
34,872 66% 1,348,072 49.6% 240 120 240 118 116 114 329,332
12,374 72% 1,207,450 49.3% 300 180 176 176 172 246,218
55,000 70% 1,616,929 49.0% 300 180 300 178 176 174 369,338
84,076 66% 6,447,932.88 48.8% 300 180 300 175 176 171 1,347,482
14,000 72% 1,362,818 48.7% 300 180 176 176 172 271,929
126 68% 11,818,515.84 48.5% 300 84 300 80 84 80 2,297,610
45,669 69% 8,433,913 48.5% 300 180 176 176 172 2,262,853
30 58% 2,470,856 48.4% 300 120 301 115 116 111 425,267
56,667 66% 2,053,003 48.3% 240 120 240 116 116 112 492,986
105,703 58% 13,339,359.93 48.0% 300 144 300 144 140 140 2,572,435
17,899 71% 2,197,704 47.8% 300 180 176 176 172 431,750
38,310 63% 1,275,041 46.9% 240 120 240 118 116 114 292,460
55,156 54% 3,245,789 46.0% 300 120 300 115 116 111 600,768
11,376 67% 929,734 45.9% 300 180 300 178 176 174 200,000
95 56% 18,815,478.07 45.9% 270 120 270 117 119 116 3,396,977
174,326 64% 50,292,755.09 45.7% 300 180 300 179 179 178 11,507,060
63,889 66% 1,577,105 45.7% 300 180 300 179 176 175 392,972
52,727 63% 1,319,017 45.5% 240 120 240 119 116 115 352,569
60,000 69% 1,331,714 44.4% 240 144 240 141 140 137 346,103
265 52% 4,450,779 43.6% 300 120 300 117 116 113 796,148
38 59% 789,753 42.7% 240 120 240 116 116 112 158,077
12,388 63% 5,285,418 42.6% 300 180 175 176 171 1,092,929
43,689 59% 1,850,581 41.1% 300 180 300 178 176 174 521,195
#DIV/0! 57% 2,164,735 40.8% 240 120 240 114 116 110 588,879
95 58% 1,776,289 39.9% 300 180 300 178 176 174 365,136
20,238 65% 332,419.32 39.1% 264 181 265 174 177 170 116,477
46,269 56% 2,390,819 38.6% 300 180 300 179 176 175 593,437
43,928 51% 12,713,909.18 38.5% 300 180 300 176 179 175 2,781,365
70 44% 1,826,576 37.3% 300 120 300 118 116 114 330,115
31 45% 4,781,032 37.1% 360 180 360 173 176 169 1,076,763
<S> <C> <C> <C> <C> <C> <C>
694,579 sf 5,355,000 Partial 3,830,780 3,754,865 3,746,808
87 pads 111,836 117,367 121,167
87,289 sf 636,370 716,129 791,421
209 units 386,922 464,972 522,620
78,732 sf ?
95 pads 118,734 146,999 137,632
181 pads 216,401 243,346 255,458
818 units 280,959 901,419
161 rooms 697,921 875,624 1,029,994
146 units
232 rooms 773,610 763,960 1,531,124
99 pads 159,206 169,054 181,332
134 units 221,011 170,598 253,282
16,740 sf No
85 rooms 562,883 587,228 522,334
56,387 sf Yes 653,409 563,232 559,650
78 rooms
198 pads 254,660 247,646 257,364
60 rooms 332,587 320,066 426,490
157 rooms 1,475,677 1,299,146 1,531,412
200 pads 161,569 96,830 236,545
193,380 sf 3,083,767 2,565,943 2,713,449
381 beds 1,820,696 2,191,872 2,571,014
168,530 sf 396,920 522,269 526,834
75 beds (900,486) 471,574 530,266
263 rooms
257 pads 349,311 401,670 429,651
71 rooms 229,672 311,917 343,589
128 rooms 660,811 702,635
178 pads 131,458 156,331 196,987
430,363 sf 1,900,000 3,598,640 3,600,412 3,916,441
631 rooms 9,991,932 10,605,029 11,740,053
54 rooms 325,637 342,656 418,599
55 rooms
50 rooms
38,536 rooms (41,799) 734,473
48,886 sf 210,817 221,102 215,358
1,001 pads 536,364 532,008 528,450
103 rooms 467,995 565,285 709,106
0 units / sf 236,736 533,710 579,566
46,651 sf 386,489 378,285 384,321
42 rooms 76,662 122,797 104,361
134 rooms 465,020 602,104 713,154
751 rooms 927,873 994,775 1,270,745
70,116 sf 278,642 345,047 334,000
411,503 sf 450000 2,030,049 1,830,855
</TABLE>
Page 5
<PAGE>
<TABLE>
<CAPTION>
LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
46,146 71% 1,398,539 31.6% 300 237 300 231 233 227 505,889
48,026 65% 2,228,236 30.5% 240 180 240 177 176 173 892,220
18,065 62% 338,228.08 30.2% 240 181 241 174 177 170 111,922
15,296 64% 694,585 29.9% 240 180 240 179 176 175 278,784
14,516 73% 400,584 29.7% 300 240 234 236 230 161,055
31,466 65% 2,414,777 28.9% 240 181 241 174 177 170 971,575
38,000 70% 1,736,539 28.6% 300 240 300 234 236 230 602,858
43,046 62% 1,831,484 28.2% 240 180 240 177 176 173 675,504
30,556 61% 1,233,821 28.0% 240 180 240 179 176 175 448,661
49,231 60% 886,545 27.7% 240 180 240 178 176 174 377,740
21,545 66% 1,450,733 27.4% 300 240 236 236 232 477,437
48,090 52% 1,674,230 24.2% 240 180 240 177 176 173 570,398
78,491 68% 18,853,913.06 23.6% 240 200 198 199 197 7,538,244
38,421 51% 1,717,219 23.5% 240 180 240 177 176 173 628,081
30,000 50% 942,069 22.4% 240 180 240 179 176 175 362,188
59,677 50% 1,633,170 22.1% 240 180 240 175 176 171 784,059
97,297 41% 1,956,518 18.1% 240 180 240 179 176 175 1,002,664
20,176 45% 5 0.0% 300 300 295 296 291 314,989
24,107 64% 2 0.0% 300 300 294 296 290 285,481
27,174 50% 3 0.0% 240 240 239 236 235 511,433
39,000 62% 1 0.0% 240 240 233 236 229 715,758
24,251 43% (0) 0.0% 240 240 239 236 235 884,149
42,857 69% (0) 0.0% 240 240 233 236 229 257,071
39,933 42% (4) 0.0% 240 240 234 236 230 1,110,716
50.7%
===================================================================================================================================
586,597,153
65.43% 18,670,431 49.42% 311.21 112.13 294.10 143.03 142.29 139.93
65.01% 5,191,125 47.17% 300.74 142.57 259.87 145.32 144.71 141.54
40.68% (4) 0.00% 240.00 84.00 84.00 78.00 80.00 74.00
78.55% 64,479,659 69.98% 360.00 240.00 361.00 295.00 296.00 291.00
===================================================================================================================================
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
96 rooms 476,501 543,800 560,023
152 rooms 195,984 1,109,488
62 rooms 95,430 120,302 140,637
152 rooms 181,577 376,734 335,600
93 pads 149,630 160,332 165,363
266 rooms 649,446 723,708 846,097
160 units 621,694 634,978 670,855
151 rooms 658,844 718,638 860,807
144 rooms 216,303 301,563 489,263
65 rooms 211,549 239,414 425,918
246 pads 352,138 373,646 405,254
144 rooms 601,620 706,714 694,137
981 units Yes 7,648,075 7,858,538 8,334,671
190 rooms 385000 830,302 830,182 923,735
140 rooms 354,332 464,062
124 rooms 788,385 928,647 991,746
111 rooms Yes 1,162,737 1,198,383 1,358,551
170 pads 377,091 368,622 371,436
112 pads 288,586 295,021 293,834
184 units 471,173 496,733 567,182
160 rooms
367 units 754,328 791,782 1,010,455
56 rooms 137,738 277,419 363,788
298 rooms 806,848 1,276,404 1,528,134
===================================================================================================================================
10,514,000 62,330,531 77,512,195 90,631,849
14.00 5.00
181,000.00
5,355,000.00
==================================================================================================================================
</TABLE>
Page 6
<PAGE>
<TABLE>
<CAPTION>
LOANS
1993 1994 1995 1996
1996_NOI 1996_NOI_PERIOD REVENUE REVENUE REVENUE REVENUE 1996_REVENUE_PERIOD BORROWER_LEGAL
<S> <C> <C> <C> <C> <C> <C> <C>
339,592 TTM 7/31/96 465,386 552,707 619,676 TTM 7/31/96 1360 Partners, a CA limited
partnership
373,773 TTM 6/30/96 483,968 528,330 553,439 574,232 TTM 6/30/96 KMW Enterprises Limited
Partnership
443,944 TTM 4/30/96 647,018 627,779 625,248 621,202 TTM 4/30/96 Market at Uvalde
Corporation
2,082,236 TTM 6/30/96 2,544,253 3,515,970 3,639,996 TTM 6/30/96 RCA Financing Seven, L.P.
The 1010 Company
Chateau Oaks Limited
Partnership, a NV limitd
partnership and Cypress
Investors LTD, a NV
limited partnership
897,997 TTM 7/31/96 1,360,962 1,426,255 1,474,313 1,466,028 TTM 7/31/96 NHP Ridgewood Parnters,
L.P.
749,800 TTM 6/30/96 998,365 1,033,804 1,035,167 1,099,482 TTM 6/30/96 Bear-Owl-Wolf Family
Limited Partnership,
a NV LP
594,541 TTM 7/31/96 1,359,311 1,370,968 1,348,453 1,357,569 TTM 7/31/96 Pecan Crossing Associates
Limited Partnership
Towne Pointe Associates
194,034 TTM 7/31/96 346,212 357,735 343,429 358,204 TTM 7/31/96 Red Carpet Apartments,
L.L.C. a Washington
limited liability company
583,968 TTM 6/30/96 706,092 776,960 825,078 864,197 TTM 6/30/96 Marysville Estates, L.L.C.
Hechinger Plaza Limited
Partnership
704,422 TTM 5/31/96 1,331,763 1,354,046 1,374,573 1,384,579 TTM 5/31/96 Fountain Development
Associates
Ridgewood Associate Limited
Partnership, a MI limited
partnership
181,953 TTM 7/31/96 325,962 326,808 324,763 339,402 TTM 7/31/96 Renken Associates XV, a MI
co-partnership
287,781 TTM 6/30/96 392,335 417,468 446,287 459,943 TTM 6/30/96 Crystal Lake Associates
Limited Partnership
2,349,484 YTD Annual 6/30/96 2,037,836 2,686,358 2,759,624 YTD Annual 6/30/96 Simi Valley Plaza, LLC
544,571 TTM 5/31/96 1,405,297 1,775,317 1,746,742 TTM 5/31/96 Medford Nursing Center,
Inc., an Oklahoma
corporation
441,882 490,490 512,793 KBE&B, LLC
574,259 TTM 6/30/96 3,291,245 3,623,756 4,059,991 4,056,577 TTM 6/30/96 Pioneer Health Management
Corporation
336,185 TTM 5/31/96 545,453 623,215 61,517 582,001 TTM 6/30/96 Ridgeview Development
Company
719,298 TTM 6/30/96 1,635,925 1,856,975 TTM 6/30/96 Henri Konckier
2,306,494 TTM 6/30/96
842,424 YTD Annualized 7/31/96 956,316 974,691 YTD Annualized 7/31/96 Railroad Canyon Center,
Inc.
71,250 2/15-4/30 729,443 810,136 159,156 2/15/96-4/30/96 Park Hollow, LTD.
248,781 TTM 6/30/96 380,578 397,218 414,210 426,889 TTM 6/30/96 Ravines Associates Limited
Partnership
845,594 TTM 5/31/96 1,439,975 1,692,000 1,882,149 1,911,424 TTM 5/31/96 Terra-Bushard Ltd. a CA
limited partnership
129,127 TTTM 5/31/96 164,593 165,608 181,141 TTM 5/31/96 Carl Uebel and Kathryn
Uebel as Trustees of the
Uebel Family Trust (to be
assigned to an SPC w/i
30 days)
313,495 TTM 5/31/96 349,385 369,963 434,801 456,022 TTM 5/31/96 Johanna Woods, L.L.C.
353,536 TTM 7/31/96 447,395 483,339 508,077 523,319 TTM 7/31/96 Providence 81 Associates
Granda's Apartments a CA
limited partnership
275,379 T-11 Annualized 356,509 386,248 382,778 400,730 T-11 annualized Grangard Properties, Inc.
a Michigan Corporation
314,427 321,111 330,021 Shannon Family Properties,
Inc.
2,264,468 TTM 5/31/96 2,939,270 3,248,044 3,459,949 3,768,023 TTM 5/31/96 Village Squire Apartments
2,844,998 TTM 7/31/96 3,849,119 4,105,370 4,270,141 TTM 7/31/96 Arrowhead Village LLC, a
Delaware limited
liability company
898,288 TTM 5/31/96 1,126,310 1,121,529 1,189,218 1,155,470 TTM 5/31/96 Giegerich Seatle Associates
Limited Partnership
601,672 TTM 6/30/96 716,115 847,202 733,408 841,390 Suburban Center Partners,
L.P.
</TABLE>
Page 7
<PAGE>
<TABLE>
<CAPTION>
LOANS
<S> <C> <C> <C> <C> <C> <C> <C>
3,672,313 TTM 6/30/96 6,457,766 6,484,870 6,504,441 6,505,136 TTM 6/30/96 Lee Park Investors, L.P.
132,514 TTM 5/31/96 195,896 207,747 211,642 217,842 TTM 5/31/96 The Paddor Family Trust
881,358 780348 945,784 1,033,964 1,132,298 1,235,882 TTM 6/30/96 Paradise Valley Realty
Associates
570,545 TTM 6/30/96 862,992 968,720 1,060,681 1,121,331 TTM 6/30/96 Cypress Grove Apartments
Trust-BMR as Trustee
141,397 TTM 6/30/96 195,735 229,690 243,588 256,212 TTM 6/30/96 Ski-JOJ Associates Limited
Partnership, a MI limited
partnership
291,565 TTM 6/30/96 431,487 479,620 503,820 546,615 TTM 6/30/96 Coachland L.L.C
917,982 TTM 6/30/96 Prime MFP II L.P.
835,851 TTM 6/30/96 2,971,041 3,139,414 2,996,684 2,755,197 TTM 6/30/96 Barcelona Court of Lubbock
Stratford Arms Apartment
Trust - BMR as Trustee
1,479,940 TTM 6/30/96 2,136,031 2,947,648 3,816,595 3,720,212 TTM 6/30/96 WNCP, L.P.
297,329 313,301 339,276 Locust Grove, Inc.
240,673 TTM 6/30/96 533,592 540,282 569,145 570,468 TTM 6/30/96 Cardinal Village Apartments
Trust-BMR as Trustee
McLellan Investments, Ltd.
a TX limited partnership
574,187 TTM 3/31/96 1,370,041 1,398,984 1,390,346 1,364,582 TTM 3/31/96 Olde Adobe Investment Corp.
756,491 TTM 6/30/96 1,436,602 1,247,598 1,290,905 1,515,064 TTM 6/30/96 Wilshire-Rexford Associates
Auburn Equity Partners
248,255 TTM 5/31/96 437,884 451,699 460,549 466,428 TTM 5/31/96 Tara Associates, LLC
491,651 TTM 6/30/96 1,159,718 1,242,044 1,371,768 1,500,311 TTM 6/30/96 Sheffield Partnership
1,517,989 TTM 6/30/96 4,274,311 4,398,227 4,750,198 4,774,409 TTM 6/30/96 H.L. Murphy, Inc.
283,567 TTM 5/31/96 390,764 426,887 556,074 579,326 TTM 5/31/96 Gwinnett Estates, LLC
2,670,071 TTM 6/30/96 4,334,015 3,846,371 4,073,277 4,064,556 TTM 6/30/96 Sacramento Corporate
Center, L.P.
2,339,266 TTM 6/30/96 10,213,989 10,331,976 11,067,890 11,236,364 TTM 6/30/96 Camelot C C & M, Inc.
502,949 TTM 6/30/96 586,402 658,810 689,158 704,651 TTM 6/30/96 East Street Associates
Limited Partnership
551,813 TTM 6/30/96 19,468 1,413,241 1,534,377 1,534,478 TTM 6/30/96 Far Enterprises, LLC
438,912 TTM 5/31/96 543,893 606,553 652,465 663,144 TTM 5/31/96 Franklin Associates JV, LLC
336,645 TTM 6/96 894,760 911,739 936,635 926,271 TTM 6/96 Findlay Equity Partners
728,948 TTM 4/30/96 2,020,780 2,068,164 2,115,795 TTM 4/30/96 Indy Northwest Hotel
Limited Partnership
212,676 TTM 6/24/96 259,591 252,631 287,278 305,869 TTM 6/24/96 Silver Sands L.L.C.
3,967,008 TTM 7/31/96 5,367,322 5,611,758 5,731,238 5,863,429 TTM 7/31/96 ADAC, L.P.
12,032,549 TTM 7/31/96 29,636,094 30,121,877 30,624,667 31,266,474 TTM 7/31/96 San Antonio 2000, Ltd., a
Texas limited partnership
582,923 TTM 6/30/96 577,743 575,144 765,306 914,882 TTM 6/30/96 Krishan Corporation
North Atlantic Hotel
Partnership
Ganga, Inc. a Georgia
Corporation
634,343 TTM 5/31/96 1,109,977 2,101,609 2,169,659 TTM 5/31/96 Millbank Partners-Riva
Limited Partnership
131,617 TTM 6/25/96 307,606 331,070 317,386 316,482 TTM 6/25/96 Country Club Corners Joint
Venture
513,621 TTM 6/30/96 755,081 774,763 794,216 818,423 TTM 6/30/96 Wingray, Inc.
801,208 TTM 6/30/96 1,083,926 1,199,294 1,386,131 1,506,440 TTM 6/30/96 Dahai Group (U.S.A)
Torrance Plaza Hotel, Inc.
698,028 TTM 6/30/96 349,291 650,212 729,371 817,575 TTM 6/30/96 Tribeca Associates L.P.
414,640 TTM 7/31/96 504,325 492,171 517,791 558,402 TTM 7/31/96 Leaden Hall II, Med Centre
Limited Partnership
156,832 TTM 6/30/96 300,009 341,188 372,125 423,836 TTM 6/30/96 Farmville Super 8 Motel
Limited Partnership
739,869 TTM 6/30/96 1,690,198 1,860,999 2,124,648 2,208,029 TTM 6/30/96 Dorsey Hotel Associates
Limited Partnership
1,289,989 TTM 6/30/96 2,264,578 2,372,797 2,750,554 2,820,015 TTM 6/30/96 IRNM Hotel Investors, LLC
304,708 TTM 7/31/96 598,556 586,106 624,883 712,449 TTM 7/31/96 Casas Adobes Investors
Limited Partnership
1,766,491 TTM 6/30/96 4,713,559 4,600,591 4,633,343 TTM 6/30/96 165 Madison Avenue, L.P.
</TABLE>
Page 8
<PAGE>
<TABLE>
<CAPTION>
LOANS
<S> <C> <C> <C> <C> <C> <C> <C>
603,424 TTM 6/30/96 1,195,037 1,348,929 1,424,926 1,472,514 TTM 6/30/96 Salisbury Investment Group
Limited Partnership
1,188,195 TTM 5/30/96 343,278 1,879,173 1,962,631 TTM 5/30/96 S&R Branson Host Limited
Partnership
133,199 TTM 6/30/96 349,107 393,538 424,472 414,329 TTM 6/30/96 Harve De Grace Super 8
Motel Limited Partnership
377,393 TTM 3/31/96 1,763,322 1,825,550 1,536,863 1,515,428 TTM 3/31/96 Arihant, Inc.
229,189 243,258 252,591 Solana Y Sombra, L.L.C.
911,777 TTM 6/30/96 1,865,208 1,943,292 2,051,591 2,074,033 TTM 6/30/96 Des-Bro Motel Associates
623,191 TTM 6/30/96 1,129,961 1,131,380 1,157,774 1,158,256 TTM 6/30/96 Wessex Limited
853,239 TTM 5/96 1,699,179 1,667,631 1,867,784 1,927,670 TTM 5/96 Linear, Inc., a Delaware
Corporation
538,863 TTM 6/30/96 1,728,320 999,358 1,580,308 1,609,308 TTM 6/30/96 Intrepid Hospitality, Inc.
487,508 TTM 6/30/96 771,758 817,742 1,062,601 1,114,735 TTM 6/30/96 SOMAC, Inc.
460,173 TTM 5/31/96 553,327 565,186 630,819 692,083 TTM 5/31/96 HML & Sons Limited
Partnership
717,985 TTM 5/31/96 2,983,259 3,003,861 3,016,709 3,022,950 TTM 5/31/96 York Street Inn, Inc.
7,725,043 TTM 7/31/96 13,956,248 14,223,202 14,506,534 14,595,491 TTM 7/31/96 Marina Admiralty Company
1,009,613 TTM 6/27/96 3,986,011 3,875,002 3,661,887 3,863,629 TTM 6/27/96 Investor Inns Limited
Partnership
521,974 TTM 6/30/96 1,157,627 1,496,584 1,657,397 TTM 6/30/96 Metro Hospitality Group,
Inc.
989,702 TTM 6/30/96 1,772,996 1,969,876 2,119,415 2,163,463 TTM 6/30/96 Indy Northwest Hotel
Limited Partnership
1,370,373 TTM 7/31/96 2,352,211 2,548,149 2,774,784 2,894,425 TTM 7/31/96 Sunrise-Harbor, LTD.,
a CA limmited partnership
and Harbor Partners, a CA
joint Venture
430,558 TTM 6/30/96 589,238 600,033 608,248 607,682 TTM 6/30/96 Galway Bay Mobile Home Park
302,077 TTM 6/30/96 390,354 413,167 40,944 420,119 TTM 6/30/96 LCHEM, Corp.
580,147 TTM 6/30/96 1,043,810 1,079,949 1,074,598 1,090,835 TTM 6/30/96 WMBN Investors-Flint
Limited Partnership
Goodyear Hotel Partners
1,086,634 TTM 6/30/96 1,815,616 1,879,474 2,063,020 2,136,970 TTM 6/30/96 Fox Glen Apartments
341,906 TTM 6/30/96 375,931 698,997 769,051 745,592 TTM 6/30/96 ARIHANT, Inc.
1,631,963 TTM 5/31/96 4,738,183 5,732,794 6,209,489 6,421,518 TTM 5/31/96 Acadiana Properties Limited
Partnership
====================================================================================================================================
91,689,665 149,972,617 177,775,179 192,681,304 196,125,464
====================================================================================================================================
</TABLE>
Page 9
<PAGE>
<TABLE>
<CAPTION>
MGT_CO AUDIT LOCKBOX SPC BK_REMOTE
<S> <C> <C> <C> <C>
Cal-American Corporation Yes Yes
Choice Group Yes
Transwestern Property Corporation Yes
RCA Realty Service, LTD. Yes Yes
Yes Yes
NHP Management Company Yes Yes
Dr. Harrinder Grewal Yes Yes
Noel Management Company Yes
Yes
Investment Development Corporation Yes
The Choice Group Yes
Quantum Management Corporation Yes
Lefferts Fore Associates New York Yes
Renken Management Company, Inc Yes
Ameri-Park Properties Yes
Brymarc Management Company Yes Yes
Rocky R. Lemon Yes
I. Goldberg Management Company Yes
Pioneer Health Care Services, Inc. Yes
Thomas J. Horner Real Estate Yes
Cutlass Realty No-individual
Yes Yes Yes ?
Mid Valley Management Company
Sumar Realty Yes
The Choice Group Yes
Self-Managed Yes
No (to be transferred to an SPC w/i 30 days)
Sandstone, Inc. Yes
Parkway Asset Management Corporation Yes
Yes Yes
Nick Merucci Yes
Owner Managed No
CAPREIT Residential Corporation Yes
In-house Yes Yes Yes
Yes
Independent Yes
The Geigerich Company Yes
Mills Management, Inc. Yes
Yes
<CAPTION>
APPRAISER APP_DATE ENV_FIRM ENV_DATE ENV_SUG_RES ENV_ACT_RES
<S> <C> <C> <C> <C> <C>
CB Commercial 8/1/96 Eckland Consultants, Inc. 8/14/96 6264 6264
John P. Hill & Associates, Ltd. 1/30/96 Eckland 2/9/96 0
Aaron & Wright 11/9/95 Eckland 11/30/95 0 0
Michael M. Axler & Associates 2/12/96 EDR 2/7/96
Whicomb Real Estate 4/23/96 Eckland 5/3/96
John C. Hottle & Associates 7/19/96 Eckland 8/1/96
Gary H. Kent Inc. 1/4/96 Eckland 6/22/96 0 0
Alliance Advisory Group, Inc. 7/30/96 Building Diagnostics 6/6/96 0 0
C. Beyer Associates 7/26/96 Eckland Consultants 8/13/96 spill contain?
Pacific Real Estate Advisors 35189 Consulting Solutions, Inc 35167
Urban Information Systems, Inc. 2/21/96 Eckland 2/21/96 0
Smail Associates 1/15/96 Schnabel Environmental Services 3/27/96
RTA Group, Inc. 5/1/96 EMG 5/7/96 15450 18750
Van Court & company 6/14/96 Eckland 6/20/96
Binswanger 7/25/96 EMG 8/2/96 900 0
Urban Uniformation Services 11/1/95 ATEC Environmental Cons. 11/21/95 5000
MT Associates 4/1/96 Pacific Southwest Group 12/14/95
Capital Valuation Group 3/1/96 EMG 5/15/96 450 563
Valuation International, Ltd. 4/19/96 EMG 4/15/96 900 1125
Capital Valuation Group 5/30/96 EMG 5/16/96 0 0
Nunnink and Associates 1/9/96 Eckland 1/12/96
Clobus, McLemore & Duke, Inc 6/24/96 EMG 7/2/96 2250 2250
Terracon Consultants Western, Inc. 7/31/96 0 0
MT Associates 4/1/96 Pacific Southwest Group 11/13/95
CB Commercial Real Estate Group 9/11/95 Building Evaluation Services & Technology 8/21/95
Allen & Associates 1/15/96 Eckland 2/14/96 0
AMI Commercial Real Estate Appraisals 6/15/96 EMG 6/26/96
Appraisal Technology 5/30/96 Eckland Consultants, Inc. 6/17/96 0
Aaron & Wright 6/18/96 Eckland 6/18/96 0
Aaron & Wright 7/2/96 Aaron & Wright 7/8/96 0
CB Commercial 8/1/96 Eckland 8/8/96 0
CB Commercial 6/19/96 Eckland 6/27/96
Arthur Anderson 11/7/95 Paragon 11/22/95
Professional Appraisal Services 5/7/96 Eckland Consultants, Inc. 5/22/96
Aaron & Wright 1/30/96 Aaron & Wright 2/13/96
James Ratkovich & Associates, Inc. 7/31/96 Project Resources, Inc. 7/31/96 700
Aaron & Wright, Inc.
Cushman & Wakefield 1/1/96 EMG 6/7/96 0
John C. Hottle & Associates 2/1/96 RERC Environmental 2/1/96 600 0
</TABLE>
Page 10
<PAGE>
<TABLE>
<CAPTION>
LOANS
<S> <C> <C> <C> <C>
Equivest Development Inc. Yes Yes
Dolphin Real Estate Group No
Trammel Crow Company Yes
BMR Investments Yes
Yes
Lori Collier Yes
Coachland L.L.C Yes
Prime Residential Texas Partners, L.P. Yes Yes
Allsuite Management Company, Inc. Yes
BMR Investments
Winner Hotels, Inc. Yes
Owner Managed Yes
BMR Investments Yes
Yes
Olde Adobe Investment Corporation Yes
The Hapsmith Company Yes
Yes
RVG Management Company Yes
Boyle Hotels Yes
H. L. Murphy, Inc. Yes
RVG Management Company Yes
Sares Regis Yes Yes
Wilcare Corporation Yes
Fitzgerald & Matan Realty Yes
Zenith Health Care, Inc. Yes
The Lodge Keeper Group Yes
Hotel Management Plus Corp. Yes
Yes
Portman Holdings Yes Yes
Hyatt Hotel Corporation Yes
Owner Managed Yes
No
The Bernstein Companies
Today Management Yes
Win-Gray, Inc. No
Dahai Group (U.S.A), Inc. Yes
United American Land Co. Yes
Gama Investments, Inc. Yes
Eastern Hospitality Management, Inc. Yes Yes
Hospitality Management, LTD. Yes
Waterford Hotel Group Yes Yes
Nationwide Management Corp. Yes
Interstate Realty Corp. Yes Yes
<CAPTION>
<S> <C> <C> <C> <C> <C>
Cushman & Wakefield 3/19/96 Edward H. Kulijan Associates Inc. 6/11/96 300 3750
Appraisal Technology, Inc. 5/14/96 Foree & Vann, Inc. 5/20/96 0
Aaron & Wright 2/23/96 Aaron & Wright 3/14/96
Aaron & Wright 10/1/95 Aaron & Wright 10/9/95 0
Robinson Miller Company 5/14/96 Eckland 6/25/96
Palmer, Grotha & Pietka 3/6/96 Eckland 2/1/96 1500 1875
Adams Consulting Engineers, Inc. Jan-96
Aaron & Wright 2/6/96 Aaron & Wright 2/16/96
Aaron & Wright Aaron & Wright 10/9/95 2920
Weibel & Associates 12/9/95 Eckland 1/23/96 450 563
Johnson Realty Services 1/30/96 Eckland 12/15/95
Aaron & Wright 10/2/95 Aaron & Wright 10/9/95 0
Butler Burgher 8/13/96 EMG 8/12/96
Burke, Hansen, Inc. 12/7/95 Eckland 1/31/96
Eichel, Inc 3/8/96 Eckland 3/13/96
Arthur Anderson 12/1/95 Eckland 12/19/95 0
Chartwell Advisory Group 1/13/96 Eckland 1/9/96
Aaron & Wright 6/12/96 EMG 6/24/96 450 0
Hospitality Valuation Services 12/1/95 Eckland 11/20/95
Chartwell Advisory Group 1/11/96 Eckland 1/8/96
Richard Seevers & Associates 5/14/96 KTR Environmental Services, Inc. 5/9/96
Capital Valuation Group 4/1/96 EMG 4/1/96 450 0
Aaron & Wright 3/19/96 EMG 4/12/96 3750 4688
Ryon Associates 3/28/96 EMG 3/19/96 1700
Chartwell Advisory Group 1/12/96 Eckland 1/15/96
Arthur Anderson 12/7/95 Eckland 1/4/96 0
Hospitality Appraisal Services, LLC 3/11/96 Eckland 3/11/96
Appraisal Technology, Inc. 6/5/96 Eckland 6/14/96 0
Cushman & Wakefield 6/6/96 EMG 6/3/96 2950 3687
HVS 8/1/96 Eckland 7/16/96 3000 3750
Ratkovich & Associates 7/22/96 EMG 7/22/96 450 0
Grubbb & Ellis 7/31/96 Eckland 0
Kirkland and Company 5/22/96 EMG 6/3/96 0
Hospitality Appraisal Services, LLC Eckland 3/18/96
Butler Burgher 5/5/96 Eckland 1/15/96 1200 1500
Investment Counselors, Inc. 2/15/96 Eckland 3/4/96
Aaron & Wright, Inc. 7/16/96 Aaron & Wright Technical Services 7/22/96
Cushman & Wakefield 11/7/95 Eckland 11/28/95
Aaron & Wright Technical Services 6/14/96 Aaron & Wright Technical Services 6/20/96
Hospitality Valuation Services 1/1/96 Eckland Consultants 1/4/96
Patrick C. Kerr Appraisal Inc. 1/16/96 EMG 1/29/96 0
Aaron & Wright 4/17/96 Professional Service Industries 4/25/96
Aaron & Wright 5/23/96 Aaron & Wright 6/21/96
CB Commercial 2/8/96 EcklandAqua Terra
</TABLE>
Page 11
<PAGE>
<TABLE>
<CAPTION>
LOANS
<S> <C> <C> <C> <C>
Marshall Management Inc. Yes
Alpha Hotel Management Company, Inc. Yes
Eastern Hospitality Management, Inc. Yes Yes
Owner Operated Yes
Yes
Des Bro Management Co. Yes
Daniel Sawicki Yes
Hospitality Lodging South Inc Yes
Self Managed Yes
Terry A. Isom and Steven F. Hanson Yes
Apollo Properties, Inc. No
Creative Inns, Inc. Yes
E & S Ring Management Corporation Yes Yes Yes
Owner Operated Yes Yes
NAV Yes
Schahet Hotels of Indianapolis Yes
Yes
Present Realty Yes
Present Realty Yes
PM Diversified Yes
Goodyear Hotel Partners
PM Diversified Yes
Arihant, Inc Yes
TMS Management Company Yes
<S> <C> <C> <C> <C> <C>
Lippman, Frizzell & Mitchell 9/15/95 Eckland 11/7/95 0 0
Aaron & Wright 3/27/96 Aaron & Wright 4/9/96 0 0
Hospitality Valuation Services 1/1/96 Eckland 1/5/96 1300 1950
Dargan/Whitington & Madox, Inc. 5/7/96 Eckland Consultants, Inc. 0
The Havins Co., Inc. 1/31/96 Eckland 2/6/96
Aaron & Wright 1/15/96 Aaron & Wright Technical Services 1/2/96 0 0
I.B. Skolnick Associates 7/12/95 Building Diagnostics 7/15/95 9000 11250
Butler & Burgher, Inc. 6/17/96 Eckland 6/20/96 0
Aaron & Wright 6/14/96 Aaron & Wright 7/1/96 0
Arthur Anderson 5/31/96 Paragon 7/10/96 0
Appraisal Technology, Inc. 3/8/96 Eckland 11/30/95
Aaron & Wright 5/16/96 Paragon 5/30/96 0 0
Apartment Building Appraisers 11/29/95 Project Resources, Inc. 7/10/96
& Analysts, Inc.
Aaron & Wright 5/20/96 EMG 5/30/96 450 563
Hospitality Valuation Services 5/1/96 Eckland Consultants, Inc. 7/31/96
Aaron & Wright, Inc 3/15/96 Eckland 3/15/96
Aaron & Wright 5/13/96 Aaron & Wright 6/10/96
Charles D'Agostino 1/5/96 Eckland 2/5/96
Charles D'Agostino 1/5/96 Eckland 2/2/96
Aaron & Wright 5/9/96 Aaron & Wright 6/3/96 0
Aaron & Wright 12/28/95 EMG 1/9/96
Aaron & Wright 5/9/96 Aaron & Wright 6/3/96 0
Aaron & Wright 1/4/96 Aaron & Wright 1/9/96 0 0
Hospitality Valuation Services 1/1/96 Eckland 1/11/96
====================================================================================================================================
54,464 70,448
====================================================================================================================================
</TABLE>
Page 12
<PAGE>
<TABLE>
<CAPTION>
LOANS
ENG_SUG ENG_ACT U/W ENG_SUG ENG_ACT ACT_RES
ENG_FIRM ENG_DATE UPFRONT UPFRONT ONGOING ONGOING ONGOING PER UNIT NOTES
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Eckland Consultants, Inc. 11,125 13906 5439 21,600 200
Eckland 2/19/96 50,500 63,125 -
Eckland 11/30/95 26,201 0 897 8,545 Seasonality reserve of
$100,000, $25K at closing,
$100K/yr for first 12 mos,
then $50K for remainder
The HDH Partnership 2/15/96 60,960 235060 140490
Eckland 7,500
Eckland 8/2/96 92,200 115,250 50407 57,583 229
Eckland 6/22/96 42,200 52750 46045 57,137 287
Building Diagnostics 6/6/96 124,750 155,938 54818 56,700 225
Eckland Consultants 8/9/96 6531 17,149
Consulting Solutions, Inc. 4/15/96 54,282 67,853 20324 26,650 325
Eckland 2/14/96 48,000 60,000 -
EMG 5/16/96 39,870 49838 40379 40,379 231
Eckland 6/20/96 8125
EMG 8/1/96 81,900 44,613 16740 16,740 233
Ellis Naeyaert Genheimer
Associates Limited Partnership 11/22/95 4,706 5883
Eckland 4/18/96 35,000 43750
EMG 6/4/96 - 0 4782 21,000 250
EMG 4/3/96 7,095 8870 7805 10,075 0
EMG 4/29/96 - 0 11414 29,250
Eckland 1/12/96 30,500 38125
EMG 7/2/96 4,200 52,500 42791 88,629 Rollover reserve $350,000
Abacus Project Management, Inc. 7/22/96 186,800 196140 87913 105,000 61
Eckland 4/30/96 14,398
Building Evaluation
Services & Technology 8/21/95 219,250 384376 40078 45,561 266
Eckland 2/12/96 2,860 0
EMG 6/26/96 4118 17,342 0
Eckland Consultants, Inc. 6/17/96 8,500 10,625 -
Eckland 6/18/96 8,500 10,625 -
Aaron & Wright 7/8/96 197,709 247,136 6970 15,120
Eckland 8/8/96 8750 36,600
Eckland 6/27/96 8,580 10725 10067 15,200
Paragon 1/16/96 119899
Eckland 5/22/96 4,560 5700
Aaron & Wright 2/13/96 228,500 306478 108854 140,496 234
Project Resources, Inc. 8/2/96 24,670 22116 34,225 0
EMG 6/6/96 - 11255 21,912
RERC Environmental 2/1/96 54,275 67,844 10000 16,052 0
</TABLE>
Page 13
<PAGE>
<TABLE>
<CAPTION>
LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Edward H. Kulijan
Associates Inc. 6/11/96 165,500 206,875 33275 109,441 0
Todd & Associates 4/11/96 27,540 34,425 25.00 0 -
Aaron & Wright 3/14/96 500 0 15936 20,152 0 Rollover Reserve $62,691
Aaron & Wright 10/9/95 131,300 164125 40387 51,259 245
Eckland 6/25/96 7,800 9,750
Eckland 1/29/96 6,000 7500
Adams Consulting Engineers Jul-94 88,105 81,500 250
Aaron & Wright 2/16/96 36,250 45313 0.05 40397 118,293 735
Aaron & Wright 10/9/95 343275 37,083 254
Eckland 1/23/96 49,250 61,563 0.05 156112 189,184 815
Eckland 11/29/95 6,500 8126
Aaron & Wright 10/6/95 53,175 66469 28313 36,320 271
EMG 8/9/96 3,853 Rollover reserve of $1,000
per month
Eckland 11/30/95 4,325 5046 0.05 17360 56,086 660
Eckland 3/13/96 8,500 10625 14,253 0
Eckland 12/7/95 22,438 0.05 36,632
Eckland 1/9/96 108,000 135000 6,930
EMG 6/28/96 2,700 0 0.05 25719 57,352 956
Eckland 11/20/95 718,855 898569 0.04 79318 186,347 4% of gross rev.
Eckland 1/9/96
Inspection & Valuation
International 1/31/96 67,400 88475 17931 29,007 0
EMG 4/17/96 - 0 62977 85,250
EMG 3/25/96 19,500 24375 0.23 3056 33,632 0 Rollover up-front holdback
$300,000
EMG 3/25/96 17165 21,527
Eckland 1/15/96 29000
Eckland 12/30/95 5,800 7,250 0.05 28691 36,632 516
Eckland 3/8/96 79,900 64500 0.05 63014 83,414 652 Seasonality reserve of
$40,000
Eckland 6/14/96 0
EMG 6/4/96 64,810 81,013
Eckland 7/12/96 29,500 36875 0.05 64871 0
EMG 7/22/96 22,500 28,125 0.05 22671 31,795 589
Eckland 9/21/95 12,625 0.05 34,386
EMG 6/3/96 0 0.05 43,386
Eckland 3/18/96 32,900 41125 0.05 37580 83,591 2
Eckland 1/4/96 3,500 43750 0.38 16018 18,360 0 Rollover escrowed ($30,000)
Eckland 3/13/96 20,900 36125
Aaron & Wright Technical
Services 7/22/96 24,000 26876 0.05 28971 72,506 704
Eckland 11/28/95 121,300 151625 7,500
Aaron & Wright Technical
Services 6/19/96 1,250 10436 12,827 0
Eckland 1/3/96 625 781 0.05 13660 18,200 433
EMG 4/17/96 0 0.05 61,517 84,985 Rollover reserve $35,000
Professional Service
Industries 5/13/96 64,980 0.05 0
Aaron & Wright 5/29/96 12,000 15000 0.20 10918 14,023
Eckland 2/27/96 231,669 289,586 36345 82,301 0 Seasonality reserve of
$689,149
</TABLE>
Page 14
<PAGE>
LOANS
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Eckland 10/30/95 50,894 63618 0.05 29377 53,673 559 Seasonality Reserve
Aaron & Wright 4/9/96 2,300 0 0.05 13755 78,505 516
Eckland 1/5/96 50 63 0.05 15659 20,716 334 Seasonality Escrow
Eckland Consultants, Inc. 45,250 311200 0.05 39748 60,617 399
Eckland 2/6/96 6,900 12919
Aaron & Wright Technical
Services 1/24/96 25,700 32125 0.05 30395 99,631 687 Seasonality Escrow
Building Diagnostics 7/15/95 246,459 308074 31200 40,000 250
Eckland 6/20/96 9,900 24,375 0.05 38374 74,706 495
Aaron & Wright 7/1/96 91,125 0.05 66,632 Seasonality Reserve $45,000
Paragon 7/10/96 0 0.05 12222 42,504
Eckland 11/30/95
Paragon 5/30/96 74,493 93,154 0.05 41,410 121,181 842 Seasonality Reserve
Project Resources, Inc. 7/10/96 302,750 303,000 245250 245350 294,300
EMG 5/30/96 11,691 14614 0.05 58734 149,800 788
Eckland Consultants, Inc. 7/30/96 71,225 13956 0.05 50953 61,677 Seasonality Reserve $50,000
Eckland 3/15/96 0 0.05 75,635 610
Aaron & Wright 5/13/96 29,250 36,563 0.05 28996 113,589 1,023
Eckland 2/5/96
Eckland 2/2/96 500
Aaron & Wright 6/3/96 37,706 47,133 44775 53,443 290
EMG 1/15/96 0.05 78,320
Aaron & Wright 6/3/96 73,790 92,238 75159 89,123
Aaron & Wright 1/9/96 - 0 0.04 13470 27,144 4% of gross rev.
Eckland 1/11/96 67,250 84063 0.05 106061 247,060 829
====================================================================================================================================
4,842,530 7,010,445
====================================================================================================================================
</TABLE>
Page 15
<PAGE>
PROPERTIES
<TABLE>
<CAPTION>
MID
CROSS_FLAG LOAN_NAME PROPERTY_NAME SIZE PROP_TYPE1 PROP_TYPE2
- ---------- --------- ------------- ---- ---------- ----------
<C> <S> <C> <C> <C> <C>
Hotel Grand Victorian Hotel Grand Victorian 1 HOTL LTD
Holiday Inn - Monroe Holiday Inn - Monroe 1 HOTL FULL
X1 Owensboro Hotels Holiday Inn - Owensboro 1 HOTL LTD
X1 Owensboro Hotels Days Inn - Owensboro 1 HOTL LTD
Ramada Inn Williamsburg Ramada Inn Williamsburg 1 HOTL FULL
Hampton Inn - Indianapolis Hampton Inn - Indianapolis 1 HOTL LTD
Havre de Grace Super 8 Havre de Grace Super 8 2 HOTL LTD
Farmville Super 8 Farmville Super 8 2 HOTL LTD
Best Western - Lafayette Best Western - Lafayette 1 HOTL FULL
Comfort Inn - Salisbury Comfort Inn - Salisbury 1 HOTL LTD
Country Hearth Inn - Findlay Country Hearth Inn - Findlay 1 HOTL LTD
X5 Riva Office/Hotel Days Inn - Annapolis 1 HOTL LTD
X5 Riva Office/Hotel Nations Bank Building 1 OFFC OFFC
Holiday Inn Express - Douglasville Holiday Inn Express - Douglasville 1 HOTL LTD
Country Hearth Inn - Auburn Country Hearth Inn - Auburn 1 HOTL LTD
Best Western - Galveston Best Western - Galveston 1 HOTL LTD
Atlanta Decorative Art Center Atlanta Decorative Art Center 2 OFFC OFFC
9300 Wilshire Blvd. 9300 Wilshire Blvd. 1 OFFC OFFC
East Street Trading Center East Street Trading Center 1 IND IND
Country Club Corners Country Club Corners 1 RETL ANCHORED
X2 Beltway II Blockbuster/Staples 2 RETL ANCHORED
X2 Beltway II Hechinger's Plaza 2 RETL ANCHORED
Simi Valley Plaza Simi Valley Plaza 2 RETL ANCHORED
Crestview Plaza Crestview Plaza 1 RETL ANCHORED
Val Vista Crossing Val Vista Crossing 2 RETL ANCHORED
X4 Slavik Suites Residence Inn - Norman 2 HOTL LTD
X4 Slavik Suites Comfort Inn - Mystic 2 HOTL LTD
X4 Slavik Suites Holiday Inn - Cromwell 2 HOTL FULL
X4 Slavik Suites Comfort Inn - Southington 2 HOTL LTD
X4 Slavik Suites Ramada Inn - Pensacola 2 HOTL LTD
X4 Slavik Suites Ramada Plaza - Fon du Lac 2 HOTL FULL
122-124 Duane Street 122-124 Duane Street 1 MF MF
R1 Cardinal Village Apartments Cardinal Village Apartments 1 MF MF
R1 Cypress Grove Apartments Cypress Grove Apartments 1 MF MF
Monroe Gardens Monroe Gardens 1 MF MF
Village Squire Apartments Village Squire Apartments 1 MF MF
Coachland MHP Coachland MHP 1 MHP MHP
Ravines MHP Ravines MHP 1 MHP MHP
R2 Galway Bay Galway Bay 1 MHP MHP
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<C> <S> <C> <C> <C> <C>
Brookwood MHP Brookwood MHP 1 MHP MHP
R3 Gwinnett Estates Gwinnett Estates 1 MHP MHP
Solana Y. Sombra Solana Y. Sombra 1 MHP MHP
R3 Tara - MHP Tara - MHP 1 MHP MHP
M&M Mobile Villa M&M Mobile Villa 1 MHP MHP
R2 Royal Palm MHP Royal Palm MHP 1 MHP MHP
Johanna Woods Johanna Woods 1 MHP MHP
R4 Marysville Estate Marysville Estate 1 MHP MHP
Crystal Lake MHP Crystal Lake MHP 1 MHP MHP
R3 Franklin Estates Franklin Estates 1 MHP MHP
Cactus Wren MHP Cactus Wren MHP 1 MHP MHP
R7 Silver Sands RV Resort Silver Sands RV Resort 1 MHP MHP
Mobile Gardens MHP Mobile Gardens MHP 1 MHP MHP
R4 Woodridge Estates Woodridge Estates 1 MHP MHP
R6 Mobile Estates Mobile Estates 1 MHP MHP
X3 Wingray Ellenton Gardens 1 MHP MHP
X3 Wingray Hawaiian Gardens 1 MHP MHP
X3 Wingray Spanish Main RV & MHP 1 MHP MHP
X3 Wingray Millcreek RV Resorts 1 MHP MHP
Mariner's Village Mariner's Village 2 MF MF
RCA-Addison RCA-Addison 2 MF MF
Regency Towers Regency Towers 1 MF MF
Park Hallow Apartments Park Hallow Apartments 1 MF MF
Fox Glen Apartments Fox Glen Apartments 1 MF MF
Grandmont Gardens Grandmont Gardens 1 MF MF
Maple Park Terrace Apartments Maple Park Terrace Apartments 1 MF MF
Sacramento Office Building Steinhardt Sacramento Office 2 OFFC OFFC
Lee Park Lee Park 2 IND IND
Bolsa Marketplace Bolsa Marketplace 1 RETL ANCHORED
Hyatt Regency/Riverwalk-San Antonio Hyatt Regency/Riverwalk-San Antoni 2 o HOTL FULL
Hampton Inn - Key West Hampton Inn - Key West 1 HOTL LTD
Best Western-Dorsey Best Western-Dorsey 1 HOTL LTD
Holiday Inn-Denton Holiday Inn-Denton 1 HOTL FULL
Torrance Plaza Hotel Torrance Plaza Hotel 1 HOTL FULL
Holiday Inn -- Wilmington Holiday Inn -- Wilmington 1 HOTL FULL
Ramada Limited-Denver North Ramada Limited-Denver North 1 HOTL LTD
Paradise Valley Paradise Valley 1 RETL ANCHORED
Casas Adobes Casas Adobes 1 RETL ANCHORED
Branch Avenue Plaza Branch Avenue Plaza 1 RETL UNANCHORED
Phoenix West Mobile Home Park Phoenix West Mobile Home Park 1 MHP MHP
Alderwood Village Alderwood Village 1 RETL ANCHORED
Westwood Plaza Westwood Plaza 1 NURS NURS
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<C> <S> <C> <C> <C> <C>
First Tennessee Bank Building First Tennessee Bank Building 1 OFFC OFFC
Crosspointe Crosspointe 1 OFFC OFFC
Lake Arrowhead Village Lake Arrowhead Village 2 RETL ANCHORED
Leaden Hall II Med Centre Leaden Hall II Med Centre 1 MIXED MIXED
I. Goldberg Shopping Center I. Goldberg Shopping Center 1 RETL ANCHORED
Market at Uvalde Market at Uvalde 1 RETL ANCHORED
Camelot Care Center Camelot Care Center 2 NURS NURS
Santa Rita Care Center Santa Rita Care Center 1 NURS NURS
Medford Nursing Home Medford Nursing Home 1 NURS NURS
Pecan Crossing Pecan Crossing 1 MF MF
Ridgewood Village Apartments Ridgewood Village Apartments 1 MF MF
Red Carpet Apartments Red Carpet Apartments 1 MF MF
R7 Locust Grove MHP Locust Grove MHP 1 MHP MHP
R6 Ridgewood MHP Ridgewood MHP 1 MHP MHP
Best Western McMinnville Best Western McMinnville 1 HOTL LTD
Best Western - Sunrise Redondo Beach Best Western - Sunrise Redondo Bea 1 ch HOTL FULL
Best Western - Goodyear Best Western - Goodyear 1 HOTL LTD
Best Western (Morristown Inn) Best Western (Morristown Inn) 1 HOTL LTD
Days Inn-San Jose Days Inn-San Jose 1 HOTL LTD
Hampton Inn - Memphis Hampton Inn - Memphis 1 HOTL LTD
Georgian Heights Apartments Georgian Heights Apartments 1 MF MF
Foothill Courtyard Apatments Foothill Courtyard Apatments 1 MF MF
Charleston Park Charleston Park 1 MF MF
Barcelona Court Barcelona Court 1 HOTL LTD
R5 Quality Inn Roanoke Quality Inn Roanoke 1 HOTL FULL
Anchorage Shopping Center Anchorage Shopping Center 2 RETL UNANCHORED
Malibu Canyon Office Park Malibu Canyon Office Park 2 OFFC OFFC
1010 Northern Boulvard 1010 Northern Boulvard 2 OFFC OFFC
Days Inn - Merchandise Mart Days Inn - Merchandise Mart 1 HOTL FULL
X7 Pacific Properties Culb Paciifc at Flamingo 2 MF MF
X7 Pacific Properties Club Pacific at Shores 2 MF MF
X7 Pacific Properties Club Pacific at Lakes 2 MF MF
X7 Pacific Properties Montego Bay 2 MF MF
X7 Pacific Properties Martinique Bay 2 MF MF
X7 Pacific Properties Antigua Bay 2 MF MF
X6 Ambassador Apartments Coral Cove 2 MF MF
X6 Ambassador Apartments Summit Creek 2 MF MF
X6 Ambassador Apartments Tatum Gardens 2 MF MF
X6 Ambassador Apartments Westway Village 2 MF MF
X10 Pinnacle Retail Portfolio Limestone Square 2 RETL ANCHORED
X10 Pinnacle Retail Portfolio Carter Creek 2 RETL ANCHORED
X10 Pinnacle Retail Portfolio Brookhaven 2 RETL UNANCHORED
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<C> <S> <C> <C> <C> <C>
X10 Pinnacle Retail Portfolio University Hills 2 RETL ANCHORED
X10 Pinnacle Retail Portfolio Edgewood 2 RETL ANCHORED
X10 Pinnacle Retail Portfolio Plaza 2 RETL ANCHORED
X10 Pinnacle Retail Portfolio Lakegrove 2 RETL ANCHORED
X10 Pinnacle Retail Portfolio Triple Creek 2 RETL ANCHORED
X11 Charles Company II Adams - RETL UNANCHORED
X11 Charles Company II Hoover - RETL UNANCHORED
X9 Charles Company I Martin Luther King 2 RETL UNANCHORED
X9 Charles Company I Van Ness 2 RETL UNANCHORED
X11 Charles Company II Western - RETL UNANCHORED
X8 Chateau Oaks Plantation Oaks 1 MHP MHP
X8 Chateau Oaks Chateau Forrest 1 MHP MHP
Gramercy Apts Gramercy Apts 1 MF MF
R5 Comfort Inn - North Carolina Comfort Inn - North Carolina 1 HOTL LTD
Grogan's Mills Grogan's Mills 1 RETL UNANCHORED
Towne Pointe Towne Pointe 1 RETL UNANCHORED
Comfort Inn - Goodyear Comfort Inn - Goodyear 1 HOTL LTD
Best Western-Monterey Best Western-Monterey 1 HOTL LTD
R1 Stratford Arms Apartments Stratford Arms Apartments 1 MF MF
Holiday Inn - Salt Lake Holiday Inn - Salt Lake 1 HOTL LTD
</TABLE>
<TABLE>
<CAPTION>
PROPERTIES (Continued)
CROSS_FLAG LOAN_NAME ADDRESS CITY STATE ORIG_AMT
- ---------- --------- ------- ---- ----- --------
<C> <S> <C> <C> <C> <C>
Hotel Grand Victorian 2325 West Highway 76 Branson MO 4,795,000
Holiday Inn - Monroe 2011 Louisville Avenue Monroe LA 3,725,000
X1 Owensboro Hotels 3136 W. 2nd Street Owensboro KY 4,000,000
X1 Owensboro Hotels 3720 New Hartford Road Owensboro KY 1,530,000
Ramada Inn Williamsburg 351 York Street Williamsburg VA 3,635,000
Hampton Inn - Indianapolis 7220 Woodland Drive Indianapolis IN 3,750,000
Havre de Grace Super 8 929 Pulaski Highway Havre de GraceMD 699,992
Farmville Super 8 Highway 15 South Farmville VA 553,326
Best Western - Lafayette 1801 West Pinhook Road Lafayette LA 5,000,000
Comfort Inn - Salisbury Rt. 13 North (2701 N. Salisbury BlSalisbury MD 3,150,000
Country Hearth Inn - Findlay 1020 Interstate Court Findlay OH 1,711,000
X5 Riva Office/Hotel 2520 Riva Road Annapolis MD 3,385,000
X5 Riva Office/Hotel 2530 Riva Road Annapolis MD 1,915,000
Holiday Inn Express - Douglasville 5479 Westmoreland Plaza Douglasville GA 2,080,000
Country Hearth Inn - Auburn 1115 West 7th Street Auburn IN 1,809,000
Best Western - Galveston 5914 Seawall Blvd. Galveston TX 4,062,000
Atlanta Decorative Art Center 351 Peachtree Hills Atlanta GA 23,100,000
9300 Wilshire Blvd. 9300 Wilshire Blvd. Beverly Hills CA 4,123,000
East Street Trading Center 801 East Street Fredrick MD 2,948,000
Country Club Corners 7120 South Polk Street Dallas TX 1,100,000
X2 Beltway II 8904 62nd Avenue College Park MD 2,850,000
X2 Beltway II 1535 University Blvd. Langley Park MD 2,910,000
Simi Valley Plaza 1317 E. Los Angeles Simi Valley CA 16,385,496
Crestview Plaza 9282 Watson Rd. St. Louis MO 4,370,000
Val Vista Crossing 3655 E. Southern Mesa AZ 5,251,548
X4 Slavik Suites 2681 Jefferson Street Norman OK 4,047,845
X4 Slavik Suites 48 Whitehall Ave. Mystic CT 6,790,700
X4 Slavik Suites 4 Sebethe Drive Cromwell CT 2,032,441
X4 Slavik Suites 120 Laning Street Southington CT 2,496,279
X4 Slavik Suites 6550 Pensacola Blvd. Pensacola FL 1,450,130
X4 Slavik Suites One Main Street Fon du Lac WI 182,605
122-124 Duane Street 122-124 Duane Street New York NY 3,070,000
R1 Cardinal Village Apartments 2301 Indian Drive Jacksonville FL 1,677,000
R1 Cypress Grove Apartments 22A Cypress Grove Drive Wilmington NC 4,116,000
Monroe Gardens 1504-58 Schley Street Hillside NJ 4,298,000
Village Squire Apartments 5955 Edinburgh Street Canton MI 15,000,000
Coachland MHP 10500 Hwy. 89N Truckee CA 1,700,000
Ravines MHP 2088 East Empire Avenue Benton Harbor MI 1,968,000
R2 Galway Bay 1361 Overseas Hwy. Marathon FL 1,550,000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<C> <S> <C> <C> <C> <C>
Brookwood MHP 1908 East 19th Street Lawrence KS 2,755,000
R3 Gwinnett Estates 211 Howe Lane Loganville GA 2,029,000
Solana Y. Sombra 4828 East Grant Road Tucson AZ 988,000
R3 Tara - MHP 7735 Tara Blvd. Jonesboro GA 1,781,000
M&M Mobile Villa 320 E. McKellips Road Mesa AZ 3,525,000
R2 Royal Palm MHP 720 S. Federal Highway Hallandale FL 1,725,000
Johanna Woods 2909 Montpelier Street Broken Arrow OK 1,800,000
R4 Marysville Estate 506 N. Main St. Marysville OH 4,233,000
Crystal Lake MHP 1330 Hanover Road Delaware OH 1,927,000
R3 Franklin Estates 700 W. Meade Blvd Franklin TN 3,272,000
Cactus Wren MHP 235 North Ellsworth Road Mesa AZ 996,000
R7 Silver Sands RV Resort 9252 East Broadway Mesa AZ 1,355,000
Mobile Gardens MHP 1901 N. Glasscock Road Mission TX 1,050,000
R4 Woodridge Estates 2284 W. Gelena Ave. Freeport IL 2,700,000
R6 Mobile Estates 1717 & 1823 5th St. Greeley CO 860,000
X3 Wingray 7310 Hwy 301 North Ellenton FL 1,100,000
X3 Wingray 104 63rd Avenue West Bradenton FL 3,900,000
X3 Wingray 12101 Hwy 301 North Thonotosassa FL 1,825,000
X3 Wingray 2775 Michigan Avenue Kissimmee FL 1,050,000
Mariner's Village 4600 Via Marina Marina del ReyCA 54,866,945
RCA-Addison 4010 Brookhaven Club Drive Addison TX 13,530,000
Regency Towers 1600 Lehigh Parkway East Allentown PA 5,600,000
Park Hallow Apartments 4343 South Shaver Pasadena TX 1,875,000
Fox Glen Apartments 6260 Fox Glen Drive Saginaw MI 3,800,000
Grandmont Gardens 16151 Grandmont Court Roseville MI 1,619,000
Maple Park Terrace Apartments 5414 Maple Park Drive Flint MI 2,500,000
Sacramento Office Building 501 J Street Sacramento CA 16,575,000
Lee Park 1100 East Hector Street Conshohocken PA 24,400,000
Bolsa Marketplace 9500-9600 Bolsa Avenue Westinster CA 4,875,000
Hyatt Regency/Riverwalk-San Antonio 123 Lasoya St. San Antonio TX 71,000,000
Hampton Inn - Key West 2801 North Roosevelt Blvd. Key West FL 8,690,000
Best Western-Dorsey 6755 Dorsey Road Dorsey MD 3,450,000
Holiday Inn-Denton 1500 Dallas Drive Denton TX 2,703,000
Torrance Plaza Hotel 20801 S. Western Avenue Torrance CA 2,642,000
Holiday Inn -- Wilmington 4902 Market Street Wilmington NC 7,300,000
Ramada Limited-Denver North 110 West 104th Street Northglen CO 2,100,000
Paradise Valley 13637 North Tatum Boulevard Phoenix AZ 5,400,000
Casas Adobes 7000-7051 North Oracle Rd Tuscon AZ 2,165,000
Branch Avenue Plaza 650 Branch Avenue Providence RI 2,075,000
Phoenix West Mobile Home Park 3150 West Glendale Avenue Phoenix AZ 850,000
Alderwood Village 37th Ave. W. and 196th Street SW Lynwood WA 5,600,000
Westwood Plaza 2228 Westwood Blvd Westwood CA 2,822,000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<C> <S> <C> <C> <C> <C>
First Tennessee Bank Building 165 Madison Ave. Memphis TN 5,873,000
Crosspointe 1395-1525 N.W. 167th Street Miami FL 6,500,000
Lake Arrowhead Village 28200 Highway 189 Lake ArrowheadCA 19,800,000
Leaden Hall II Med Centre 7271 Wurbach Road San Antonio TX 2,600,000
I. Goldberg Shopping Center 1615 N. Kings Highway Cherry Hill NJ 2,550,000
Market at Uvalde 13502-13560 I-10 Frontage Road Houston TX 2,750,000
Camelot Care Center 11301 and 11311 North 99th Avenue Peoria AZ 12,000,000
Santa Rita Care Center 150 N. La Canada Drive Green Valley AZ 3,825,000
Medford Nursing Home 616 South Front Street Medford OK 2,550,000
Pecan Crossing 1225 E. Pleasant Run Desota TX 4,850,000
Ridgewood Village Apartments 100 Ridgegate Lane St. Peters MO 7,113,000
Red Carpet Apartments 24440 Russell Road Kent WA 1,400,000
R7 Locust Grove MHP 778 Highway 36 Hazlet NJ 1,300,000
R6 Ridgewood MHP 6825 W. Mississippi Lakewood CO 1,700,000
Best Western McMinnville 2035 South Highway 99 West McMinnville OR 1,930,000
Best Western - Sunrise Redondo Beach 400 N. Harbor Drive Redondo Beach CA 4,400,000
Best Western - Goodyear 1100 N. Litchfield Road Goodyear AZ 2,500,000
Best Western (Morristown Inn) 270 South Street Morristown NJ 2,310,000
Days Inn-San Jose 2460 Fontaine Road San Jose CA 2,275,000
Hampton Inn - Memphis 2979 Millbranch Road Memphis TN 3,800,000
Georgian Heights Apartments 1931 N. Bowman Ave. Danville IL 1,288,000
Foothill Courtyard Apatments 1360 Foothill Drive Vista CA 2,633,000
Charleston Park 4800 East Charleston Las Vegas NV 5,212,500
Barcelona Court 5215 South Loop 289 Lubbock TX 4,700,000
R5 Quality Inn Roanoke 501 Orange Avenue Roanoke VA 1,500,000
Anchorage Shopping Center 2800 Leavenworth Street San Francisco CA 28,250,000
Malibu Canyon Office Park 26565-26711 Agoura Road Calabasas CA 25,000,000
1010 Northern Boulvard 1010 Northern Boulvard Great Neck NY 19,500,000
Days Inn - Merchandise Mart 300 Spring Street Atlanta GA 16,000,000
X7 Pacific Properties 3145 East Flamingo Road Las Vegas NV 11,609,578
X7 Pacific Properties 2200 Club Pacific Way Las Vegas NV 8,208,956
X7 Pacific Properties 9325 West Desert Inn Road Las Vegas NV 7,145,423
X7 Pacific Properties 1050 Whitney Ranch Drive Henderson NV 17,330,277
X7 Pacific Properties 3000 Highview Drive Henderson NV 12,013,495
X7 Pacific Properties 5225 East Charleston (East of NellLas Vegas NV 12,192,271
X6 Ambassador Apartments 25 North Belcher Road Clearwater FL 4,050,000
X6 Ambassador Apartments 7900 San Felipe Boulevard Austin TX 3,600,000
X6 Ambassador Apartments 15425 North Tatum Boulevard Phoenix AZ 3,500,000
X6 Ambassador Apartments 2401 West Belt North Houston TX 4,950,000
X10 Pinnacle Retail Portfolio 511 East Yeagua Street Groesbeck TX 814,585
X10 Pinnacle Retail Portfolio 4001 East 29th Street Bryan TX 5,387,556
X10 Pinnacle Retail Portfolio 1500 11th Street Huntsville TX 643,898
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<C> <S> <C> <C> <C> <C>
X10 Pinnacle Retail Portfolio 101 North Judge Ely Boulevard Abilene TX 2,498,950
X10 Pinnacle Retail Portfolio 1200 North Mockingbird Street Abilene TX 1,152,953
X10 Pinnacle Retail Portfolio U.S. Highway 181 Floresville TX 1,360,314
X10 Pinnacle Retail Portfolio 10121 Lake June Road Dallas TX 2,872,963
X10 Pinnacle Retail Portfolio 110 Triple Creek Drive Longview TX 1,983,780
X11 Charles Company II 285 Adams Blvd. Los Angeles CA 940,000
X11 Charles Company II 1065 Hoover Street Los Angeles CA 1,790,000
X9 Charles Company I 1030 Martin Luther King Blvd. Los Angeles CA 1,065,000
X9 Charles Company I 5800-5944 Santa Monica Blvd. Los Angeles CA 5,940,000
X11 Charles Company II 1075 Western Ave. Los Angeles CA 4,070,000
X8 Chateau Oaks 700 N. Kingsway Dr. Seffner FL 1,190,000
X8 Chateau Oaks 604 N. Kingsway Dr. Seffner FL 1,310,000
Gramercy Apts 9072 Gramercy Apartments San Diego CA 5,875,000
R5 Comfort Inn - North Carolina 1636 Carolina Avenue Washington NC 1,674,000
Grogan's Mills 303 Sawdust Rd. & Grogans Mill Rd.The Woodlands TX 1,090,000
Towne Pointe 357 Route 9 South Manalapan NJ 6,550,000
Comfort Inn - Goodyear 1770 N. Dysart road Goodyear AZ 3,900,000
Best Western-Monterey 420 North Atlantic Blvd. Monterey Park CA 1,819,000
R1 Stratford Arms Apartments 1900 South Charles Blvd. Greenville NC 1,871,000
Holiday Inn - Salt Lake 2080 West North Temple Drive Salt Lake CityUT 2,300,000
783,334,806
Total 783,334,806
Wtd Avg
Average 5,477,866
Count
Min 182,605
Max 71,000,000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PROPERTIES (Continued)
CROSS_FLAG LOAN_NAME CURRENT_AMT AMT_PER_UNIT
- ---------- --------- ----------- ------------
<C> <S> <C> <C>
Hotel Grand Victorian 4,777,119 31,428
Holiday Inn - Monroe 3,710,781 19,530
X1 Owensboro Hotels 3,959,463 27,307
X1 Owensboro Hotels 1,514,495 12,516
Ramada Inn Williamsburg 3,621,088 25,146
Hampton Inn - Indianapolis 3,721,857 30,015
Havre de Grace Super 8 693,863 11,191
Farmville Super 8 549,669 13,087
Best Western - Lafayette 4,956,197 16,632
Comfort Inn - Salisbury 3,135,456 32,661
Country Hearth Inn - Findlay 1,706,912 24,041
X5 Riva Office/Hotel 3,376,840 22,216
X5 Riva Office/Hotel 1,910,384 50
Holiday Inn Express - Douglasville 2,071,925 41,439
Country Hearth Inn - Auburn 1,804,678 23,137
Best Western - Galveston 4,045,482 26,791
Atlanta Decorative Art Center 23,040,712 54
9300 Wilshire Blvd. 4,107,649 73
East Street Trading Center 2,935,879 17
Country Club Corners 1,093,650 22
X2 Beltway II 2,842,477 116
X2 Beltway II 2,902,319 38
Simi Valley Plaza 16,357,401 74
Crestview Plaza 4,363,076 54
Val Vista Crossing 5,242,812 55
X4 Slavik Suites 4,038,667 32,053
X4 Slavik Suites 6,775,303 56,461
X4 Slavik Suites 2,027,833 13,985
X4 Slavik Suites 2,490,619 20,415
X4 Slavik Suites 1,446,842 13,649
X4 Slavik Suites 182,191 1,380
122-124 Duane Street 3,041,009 #VALUE!
R1 Cardinal Village Apartments 1,667,550 12,444
R1 Cypress Grove Apartments 4,092,036 19,579
Monroe Gardens 4,274,524 26,716
Village Squire Apartments 14,930,537 24,843
Coachland MHP 1,690,881 9,342
Ravines MHP 1,964,883 8,811
R2 Galway Bay 1,543,086 9,077
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<C> <S> <C> <C>
Brookwood MHP 2,742,933 9,624
R3 Gwinnett Estates 2,022,104 10,111
Solana Y. Sombra 982,656 10,566
R3 Tara - MHP 1,775,194 8,966
M&M Mobile Villa 3,512,919 14,280
R2 Royal Palm MHP 1,715,640 15,318
Johanna Woods 1,797,015 7,488
R4 Marysville Estate 4,228,510 #VALUE!
Crystal Lake MHP 1,915,126 10,944
R3 Franklin Estates 3,260,879 12,688
Cactus Wren MHP 994,950 10,050
R7 Silver Sands RV Resort 1,352,928 7,601
Mobile Gardens MHP 1,047,443 6,125
R4 Woodridge Estates 2,697,136 7,471
R6 Mobile Estates 859,272 9,045
X3 Wingray 1,095,300 5,588
X3 Wingray 3,883,335 14,654
X3 Wingray 1,817,202 5,424
X3 Wingray 1,045,513 5,100
Mariner's Village 54,709,251 55,769
RCA-Addison 13,530,000 21,476
Regency Towers 5,591,168 31,950
Park Hallow Apartments 1,861,647 10,887
Fox Glen Apartments 3,793,878 10,338
Grandmont Gardens 1,617,452 21,282
Maple Park Terrace Apartments 2,495,973 13,565
Sacramento Office Building 16,527,580 85
Lee Park 24,365,401 35
Bolsa Marketplace 4,868,179 56
Hyatt Regency/Riverwalk-San Antonio 70,939,362 112,424
Hampton Inn - Key West 8,665,399 55,194
Best Western-Dorsey 3,447,496 25,728
Holiday Inn-Denton 2,699,491 18,746
Torrance Plaza Hotel 2,638,347 25,615
Holiday Inn -- Wilmington 7,280,643 31,382
Ramada Limited-Denver North 2,097,136 14,980
Paradise Valley 5,388,601 62
Casas Adobes 2,161,661 31
Branch Avenue Plaza 2,071,701 26
Phoenix West Mobile Home Park 848,552 9,753
Alderwood Village 5,585,493 51
Westwood Plaza 2,806,675 37,422
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<C> <S> <C> <C>
First Tennessee Bank Building 5,853,895 14
Crosspointe 6,494,134 34
Lake Arrowhead Village 19,789,627 87
Leaden Hall II Med Centre 2,595,943 56
I. Goldberg Shopping Center 2,540,950 63
Market at Uvalde 2,744,750 64
Camelot Care Center 11,967,095 31,410
Santa Rita Care Center 3,813,383 32,593
Medford Nursing Home 2,544,390 30,290
Pecan Crossing 4,847,134 19,235
Ridgewood Village Apartments 7,108,874 28,210
Red Carpet Apartments 1,399,219 17,064
R7 Locust Grove MHP 1,292,614 13,057
R6 Ridgewood MHP 1,699,102 17,517
Best Western McMinnville 1,925,058 29,616
Best Western - Sunrise Redondo Beach 4,393,851 39,584
Best Western - Goodyear 2,475,763 29,127
Best Western (Morristown Inn) 2,306,795 38,447
Days Inn-San Jose 2,273,351 42,099
Hampton Inn - Memphis 3,786,623 29,583
Georgian Heights Apartments 1,287,277 17,879
Foothill Courtyard Apatments 2,631,488 24,366
Charleston Park 5,209,635 26,179
Barcelona Court 4,686,890 29,111
R5 Quality Inn Roanoke 1,498,132 9,856
Anchorage Shopping Center 28,250,000
Malibu Canyon Office Park 25,000,000 78
1010 Northern Boulvard 19,500,000 116
Days Inn - Merchandise Mart 16,000,000 60,837
X7 Pacific Properties 11,602,581 43,293
X7 Pacific Properties 8,204,009 38,698
X7 Pacific Properties 7,141,117 39,673
X7 Pacific Properties 17,319,832 41,238
X7 Pacific Properties 12,006,255 46,899
X7 Pacific Properties 12,184,923 31,084
X6 Ambassador Apartments 4,035,721 20,179
X6 Ambassador Apartments 3,587,307 21,874
X6 Ambassador Apartments 3,487,660 27,247
X6 Ambassador Apartments 4,932,548 15,131
X10 Pinnacle Retail Portfolio 814,585 13
X10 Pinnacle Retail Portfolio 5,387,556 33
X10 Pinnacle Retail Portfolio 643,898 14
X10 Pinnacle Retail Portfolio 2,498,950 28
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<C> <S> <C> <C>
X10 Pinnacle Retail Portfolio 1,152,953 13
X10 Pinnacle Retail Portfolio 1,360,314 22
X10 Pinnacle Retail Portfolio 2,872,963 34
X10 Pinnacle Retail Portfolio 1,983,780 17
X11 Charles Company II 940,000 100
X11 Charles Company II 1,790,000 141
X9 Charles Company I 1,065,000 84
X9 Charles Company I 5,940,000 115
X11 Charles Company II 4,070,000 188
X8 Chateau Oaks 1,189,294 11,012
X8 Chateau Oaks 1,309,223 12,963
Gramercy Apts 5,875,000 32,104
R5 Comfort Inn - North Carolina 1,657,038 29,590
Grogan's Mills 1,089,147 65
Towne Pointe 6,546,799 89
Comfort Inn - Goodyear 3,859,630 24,123
Best Western-Monterey 1,816,523 33,028
R1 Stratford Arms Apartments 1,860,457 12,743
Holiday Inn - Salt Lake 2,287,558 24,865
781,773,882
Total 781,773,882
Wtd Avg
Average 5,466,950
Count
Min 182,191
Max 70,939,362
</TABLE>
<PAGE>
PROPERTIES
<TABLE>
<CAPTION>
RATE DSCR VALUE LTV BLTV AMORT ANTI_TERM TERM CASH_FLOW
- ---- ---- ----- --- ---- ----- --------- ---- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
10.51% 1.55 7,300,000 65.4% 31% 240 180 240 892,220
10.33% 1.42 7,300,000 50.8% 24% 240 180 240 628,081
9.45% 1.58 5,960,000 65.4% 29% 240 181 241 666,470
9.45% 1.58 2,410,000 65.4% 29% 240 181 241 305,105
10.31% 1.33 6,925,000 52.3% 24% 240 180 240 570,398
9.10% 1.92 7,400,000 50.3% 22% 240 180 240 784,059
9.67% 1.41 1,120,000 62.0% 30% 240 181 241 111,922
9.82% 1.89 850,000 64.7% 39% 264 181 265 116,477
9.35% 2.01 11,900,000 41.6% 0% 240 - 240 1,110,716
10.00% 1.47 4,430,000 70.8% 32% 300 237 300 505,889
10.78% 1.40 2,720,000 62.8% 47% 240 120 240 292,460
9.67% 1.41 5,800,000 51.8% 44% 300 120 300 512,799
9.67% 1.41 4,400,000 51.8% 44% 300 120 300 283,349
10.20% 1.42 3,000,000 69.1% 44% 240 144 240 346,103
10.78% 1.49 2,720,000 66.3% 50% 240 120 240 329,332
9.84% 1.45 6,500,000 62.2% 28% 240 180 240 675,504
9.75% 1.34 41,000,000 56.2% 46% 270 120 270 3,396,977
10.17% 1.43 5,700,000 72.1% 50% 300 180 300 649,199
9.58% 1.37 5,100,000 57.6% 48% 300 120 301 425,267
9.38% 1.30 1,850,000 59.1% 43% 240 120 240 158,077
8.92% 1.46 3,800,000 70.5% 65% 360 120 360 351,847
8.92% 1.46 4,350,000 70.5% 65% 360 120 360 455,125
8.98% 1.40 23,500,000 69.6% 64% 360 120 360 2,209,381
9.73% 1.32 6,470,000 67.4% 57% 300 120 300 616,356
9.08% 1.30 7,800,000 67.2% 62% 360 120 360 662,267
10.40% 1.46 6,600,000 51.4% 39% 300 180 300 633,390
10.40% 1.46 11,100,000 51.4% 39% 300 180 300 1,121,196
10.40% 1.46 6,000,000 51.4% 39% 300 180 300 292,567
10.40% 1.46 4,600,000 51.4% 39% 300 180 300 385,176
10.40% 1.46 2,740,000 51.4% 39% 300 180 300 280,672
10.40% 1.46 1,950,000 51.4% 39% 300 180 300 68,364
8.75% 1.81 5,300,000 57.4% 41% 240 120 240 588,879
8.80% 1.32 2,910,000 57.3% 51% 300 - 84 220,069
8.60% 1.41 6,740,000 60.7% 54% 300 - 84 566,189
8.99% 1.39 6,080,000 70.3% 29% 300 240 300 602,858
8.17% 1.35 22,500,000 66.4% 59% 360 120 360 1,810,056
9.10% 1.55 2,670,000 63.3% 53% 300 - 120 267,788
9.20% 1.35 2,900,000 67.8% 61% 360 - 120 260,223
9.09% 2.00 3,430,000 45.0% 0% 300 - 300 314,989
<CAPTION>
UNITS UNIT_OF_MEASURE GROUND_LEASE BUILT RENOVATED 1993_NOI
---------------------- ------------ ----- ----- --------- --------
<S> <C> <C> <C> <C> <C>
152 rooms 1994
190 rooms 1968 1985 830,302
145 rooms 1963 1986 649,446
121 rooms 1975 1990 319,062
144 rooms 1972 601,620
124 rooms 1990 1995 788,385
62 rooms 1988 95,430
42 rooms 1986 1995 76,662
298 rooms 1982 1993 806,848
96 rooms 1987 476,501
71 rooms 1988 1994 229,672
152 rooms 1971 1994
38384 sf 1989
50 rooms 1994 N/A N/A
78 rooms 1989 191,881
151 rooms 1984 ongoing 658,844
430363 sf 1960/70/80/84/86 3,598,640
56387 sf Yes 1965 653,409
168530 sf 1950&1970 1993 396,920
48886 sf 1971 210,817
24473 sf 1971 15,037
76964 sf 1971 1995 502,886
219671 sf 1991 1994
80261 sf 1963 1988 435,747
95978 sf 1988
126 rooms 1983 1988 665,077
120 rooms 1987 1993 927,873
145 rooms 1986 1991 227,461
122 rooms 1987 1993 229,595
106 rooms 1968 1993 221,613
132 rooms 1923 1983 52,936
16 / 4,855 units / sf 1920 1995 236,736
134 units 1968 - 70 221,011
209 units 1970 1990 386,922
160 units 1948 621,694
601 units 1970 1,364,232
181 pads 1969 1994 216,401
223 pads 1970 1994 194,287
170 pads 1972 1995 377,091
<CAPTION>
1994_NOI 1995_NOI
-------- --------
<S> <C>
195,984 1,109,488
830,182 923,735
723,708 846,097
414,087 387,838
706,714 694,137
928,647 991,746
120,302 140,637
122,797 104,361
1,276,404 1,528,134
543,800 560,023
311,917 343,589
(41,799) 734,473
405,624 366,511
N/A 447,017
343,670 405,083
718,638 860,807
3,732,650 3,847,091
563,232 559,650
522,269 526,834
221,102 215,358
367,508 398,311
511,000 509,578
1,385,394 2,196,623
599,247 507,214
670,634
730,985 796,500
994,775 1,270,745
306,371 529,387
339,559 496,116
223,140 305,476
94,054 201,872
533,710 579,566
170,598 253,282
464,972 522,620
634,978 670,855
1,622,766 1,924,355
243,346 255,458
217,485 232,827
368,622 371,436
</TABLE>
Page 5
<PAGE>
<TABLE>
<CAPTION>
PROPERTIES
<C> <C> <C> <C> <C> <C> <C> <C>
9.20% 1.26 3,675,000 74.6% 62% 300 - 120 355,936
9.36% 1.29 2,800,000 72.2% 49% 300 - 180 271,929
9.05% 1.61 1,350,000 72.8% 30% 300 - 240 161,055
9.61% 1.31 2,450,000 72.5% 49% 300 - 180 246,218
9.31% 1.31 5,300,000 66.3% 27% 300 - 240 477,437
9.03% 1.64 2,700,000 63.5% 0% 300 - 300 285,481
9.46% 1.64 2,500,000 71.9% 60% 300 - 120 309,297
9.16% 1.44 5,790,000 73.0% 66% 360 - 120 598,137 3
8.25% 1.50 2,675,000 71.6% 64% 300 - 84 273,186
9.36% 1.27 4,600,000 70.9% 48% 300 - 180 431,750
9.19% 1.36 1,475,000 67.5% 61% 360 - 120 132,667
9.94% 1.36 2,025,000 66.8% 46% 300 180 300 200,000
9.61% 1.54 1,500,000 69.8% 59% 300 - 120 170,884
9.16% 1.36 3,500,000 77.1% 69% 360 - 120 359,519
9.31% 1.73 1,340,000 64.1% 53% 300 - 120 153,453
9.36% 1.34 1,650,000 63.2% 43% 300 - 180 154,729
9.36% 1.34 5,900,000 63.2% 43% 300 - 180 491,805
9.36% 1.34 2,950,000 63.2% 43% 300 - 180 265,842
9.36% 1.34 1,900,000 63.2% 43% 300 - 180 180,553
8.71% 1.30 80,000,000 68.4% 24% 240 - 200 7,538,244
8.62% 1.49 18,100,000 74.8% 68% 360 120 360 1,885,405
9.22% 1.30 7,800,000 71.7% 64% 360 120 360 715,140
8.33% 1.51 2,500,000 74.5% 61% 300 - 120 269,326
8.42% 2.25 8,900,000 42.6% 0% 240 - 240 884,149
8.58% 1.47 2,250,000 71.9% 59% 300 - 120 230,776
8.42% 1.98 5,000,000 49.9% 0% 240 - 240 511,433
9.38% 1.33 24,350,000 67.9% 49% 300 84 300 2,297,610
9.38% 1.34 37,000,000 65.9% 56% 300 120 300 3,391,937
9.79% 1.36 6,500,000 74.9% 61% 360 180 360 685,277
9.26% 1.58 110,000,000 64.5% 46% 300 180 300 11,507,060
10.21% 1.40 13,200,000 65.6% 49% 300 180 300 1,347,482
10.22% 1.55 6,200,000 55.6% 39% 300 180 300 593,437
10.11% 1.42 4,400,000 61.4% 28% 240 180 240 448,661
10.53% 1.74 4,500,000 58.6% 41% 300 180 300 521,195
9.98% 1.52 10,200,000 71.4% 52% 240 120 240 1,285,854
9.73% 1.52 4,200,000 49.9% 22% 240 180 240 362,188
9.22% 1.46 8,850,000 60.9% 55% 360 120 360 776,781
9.89% 1.41 4,900,000 44.1% 37% 300 120 300 330,115
9.71% 1.26 2,900,000 71.4% 60% 300 120 300 278,547
9.30% 1.40 1,280,000 66.3% 55% 300 - 120 123,045
9.24% 1.41 8,200,000 68.1% 57% 300 120 300 809,769
9.86% 1.52 4,250,000 66.0% 48% 240 120 240 492,986
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
285 pads 1974 1995 296,678
200 pads 1980 161,569
93 pads 1951 1970 149,630
198 pads 1965 254,660
246 pads 1986 352,138
112 pads 1960 1993 288,586
240 Pads 1983 197,007
306 (plus 154 self Pads 1965-1968 492,507
175 pads 1972 1993 250,037
257 pads 1970 349,311
99 pads 1973 N/A
178 pads 1979 1984 131,458
171 pads 1970 147,339
361 Pads 1970's 1994 267,531
95 pads 1966 118,734
196 pads 1977 189,682
265 pads 1968 536,364
335 pads 1973 316,805
205 pads 1971 259,497
981 Units Yes 1973 7,648,075
630 units 1974 1994
175 units 1972 662,637
171 units 1971 1994
367 units 1979-1980 1986 754,328
76 units 1990 1990 255,611
184 units 1979-1980 1986 471,173
193380 sf 1982 3,083,767
694579 sf P 1919 1990 3,830,780
86711 sf Yes 1992 380,931
631 rooms 1981 1996 9,991,932
157 rooms 1986 1,475,677
134 rooms 1988 465,020
144 rooms 1968 1994 216,303
103 rooms 1985 1995 467,995
232 rooms 1965 1994 773,610
140 rooms 1969 1994
87289 sf 1986 636,370
70116 sf 1953/1972 278,642
78561 sf 1960's 284,066
87 pads 1966 111,836
109559 sf 1968-70 1990 867,345
75 beds 1976 219,192
<CAPTION>
<S> <C>
365,680 348,457
96,830 236,545
160,332 165,363
247,646 257,364
373,646 405,254
295,021 293,834
216,903 264,930
554,673 587,294
269,254 280,302
401,670 429,651
103,785 113,402
156,331 196,987
158,550 179,334
317,200 342,681
146,999 137,632
179,450 183,805
532,008 528,450
268,277 302,825
212,194 182,830
7,858,538 8,334,671
963,212 1,819,350
686,650 716,789
169,094 306,819
791,782 1,010,455
220,090 252,450
496,733 567,182
2,565,943 2,713,449
3,754,865 3,746,808
599,780 797,778
10,605,029 11,740,053
1,299,146 1,531,412
602,104 713,154
301,563 489,263
565,285 709,106
763,960 1,531,124
354,332 464,062
716,129 791,421
345,047 334,000
315,927 348,554
117,367 121,167
859,383 937,558
471,574 530,266
</TABLE>
Page 6
<PAGE>
<TABLE>
<CAPTION>
PROPERTIES
<C> <C> <C> <C> <C> <C> <C> <C> <C>
9.89% 1.76 12,900,000 45.4% 37% 360 180 360 1,076,763
8.93% 1.45 9,400,000 69.1% 62% 300 84 300 946,658
9.20% 1.34 28,500,000 69.4% 58% 360 180 360 2,604,160
9.82% 1.31 4,450,000 58.3% 40% 300 180 300 365,136
9.10% 1.28 3,600,000 70.6% 64% 300 84 300 331,475
9.70% 1.34 3,600,000 76.2% 69% 360 120 360 377,254
10.63% 1.65 17,400,000 68.8% 48% 300 - 180 2,262,853
10.03% 1.34 5,100,000 74.8% 63% 300 120 300 559,236
10.21% 1.79 3,400,000 74.8% 64% 300 - 120 504,482
8.62% 1.36 6,550,000 74.0% 66% 360 120 360 617,062
8.71% 1.30 9,550,000 74.4% 66% 360 120 360 868,430
8.90% 1.29 1,905,000 73.4% 66% 360 120 360 173,303
8.75% 1.38 2,060,000 62.7% 52% 300 - 120 177,358
9.16% 1.40 2,375,000 71.5% 64% 360 - 120 232,812
10.25% 1.66 3,200,000 60.2% 28% 240 180 240 377,740
9.54% 2.03 10,800,000 40.7% 18% 240 180 240 1,002,664
9.80% 1.51 3,600,000 68.8% 50% 240 120 240 429,976
10.51% 1.41 3,300,000 69.9% 49% 300 180 300 369,338
10.23% 1.56 3,450,000 65.9% 46% 300 180 300 392,972
10.50% 1.40 7,060,000 53.6% 46% 300 120 300 600,768
8.87% 1.30 1,800,000 71.5% 64% 360 120 360 160,048
8.76% 1.38 3,350,000 78.6% 70% 360 120 360 343,615
8.97% 1.32 7,050,000 73.9% 66% 360 120 360 663,610
10.53% 1.35 6,300,000 74.4% 52% 300 180 300 718,496
10.43% 1.56 2,325,000 64.4% 30% 240 180 240 278,784
8.85% 1.34 43,600,000 64.8% 54% 330 150 330 3,681,425
8.86% 1.44 36,000,000 69.4% 57% 360 180 360 3,427,873
9.25% 1.26 26,900,000 72.5% 67% 360 120 360 2,418,692
10.40% 1.43 27,800,000 57.6% 48% 300 144 300 2,572,435
8.53% 1.45 17,150,000 65.7% 62% 360 85 361 1,573,448
8.53% 1.45 12,900,000 65.7% 62% 360 85 361 1,098,784
8.53% 1.45 11,000,000 65.7% 62% 360 85 361 983,580
8.53% 1.45 25,500,000 65.7% 62% 360 85 361 2,264,224
8.53% 1.45 16,600,000 65.7% 62% 360 85 361 1,528,410
8.53% 1.45 21,100,000 65.7% 62% 360 85 361 1,743,424
7.88% 1.86 6,300,000 56.1% 53% 360 84 360 619,251
7.88% 1.86 6,700,000 56.1% 53% 360 84 360 565,947
7.88% 1.86 7,100,000 56.1% 53% 360 84 360 556,941
7.88% 1.86 8,500,000 56.1% 53% 360 84 360 861,819
9.50% 1.30 1,570,000 67.1% 58% 300 120 300 99,781
9.50% 1.30 7,500,000 67.1% 58% 300 120 300 715,489
9.50% 1.30 1,250,000 67.1% 58% 300 120 300 103,501
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
411503 sf 1965
189768 sf 1974-1979 1994
228164 sf 1980
46651 sf 1985 386,489
40300 sf 1957 1985 320,972
42724 sf 1987-1988 426,874
381 beds 1973 1984 1,820,696
117 beds 1975 1984 266,290
84 beds 1964 1985
252 units 1984 756,887
252 units 1985 775,095
82 units 1969 140,871
99 pads 1965 159,206
97 pads 1976 N/A
65 rooms 1992 1995 211,549
111 rooms Yes 1978 1994 1,162,737
85 rooms 1970 1994 562,883
60 rooms 1980 332,587
54 rooms 1982 1991 325,637
128 rooms 1987
72 units 1972 175,792
108 units 1974 1994
199 units 1981 722,266
161 rooms 1981 1992 697,921
152 rooms 1962 1995 181,577
78732 sf 1973/79 1991 3,229,325
320358 sf 1986/1990 1990
167614 sf 1985 3,283,649
263 rooms 1983 2,760,895
268 units 1990 1,494,237
212 units 1990 1,087,513
180 units 1990 959,719
420 units 1989/1991 1,962,353
256 units 1989 1,183,597
392 units 1988/1990 1,765,960
200 units 1985 159,471
164 units 1985 155,865
128 units 1985 120,185
326 units 1981
63,410 sf 1986 106,078
163,004 sf 1986 360,666
47,256 sf P 1970
<CAPTION>
<S> <C>
2,030,049 1,830,855
470,416
2,338,813 2,656,174
378,285 384,321
348,299 376,192
410,862 432,887
2,191,872 2,571,014
494,867 656,690
308,096 550,325
700,761 634,754
899,095 918,841
211,841 185,454
169,054 181,332
66,678 243,475
239,414 425,918
1,198,383 1,358,551
587,228 522,334
320,066 426,490
342,656 418,599
660,811 702,635
178,180 171,763
199,532 285,774
703,621 705,696
875,624 1,029,994
376,734 335,600
3,406,095 3,747,308
3,289,720 3,704,956
3,311,833 3,243,939
2,669,916 2,944,935
1,713,287 1,647,163
1,186,496 1,182,803
1065722 1068636
2,389,411 2,348,537
1,468,991 1,530,639
1,934,227 1,971,117
536,715 727,868
569,819 636,557
541,008 602,056
280959 901,419
159,726 134,499
621,041 851,261
74,115 122,861
</TABLE>
Page 7
<PAGE>
<TABLE>
<CAPTION>
PROPERTIES
<C> <C> <C> <C> <C> <C> <C> <C> <C>
9.50% 1.30 4,220,000 67.1% 58% 300 120 300 376,220
9.50% 1.30 1,400,000 67.1% 58% 300 120 300 169,552
9.50% 1.30 2,000,000 67.1% 58% 300 120 300 205,087
9.50% 1.30 4,160,000 67.1% 58% 300 120 300 343,548
9.50% 1.30 2,800,000 67.1% 58% 300 120 300 264,456
9.45% 1.34 1,600,000 66.7% 57% 300 120 300 132,470
9.45% 1.34 2,600,000 66.7% 57% 300 120 300 246,980
9.45% 1.33 1,600,000 66.1% 57% 300 120 300 147,601
9.45% 1.33 9,000,000 66.1% 57% 300 120 300 828,371
9.45% 1.34 6,000,000 66.7% 57% 300 120 300 571,948
8.60% 1.40 1,670,000 71.4% 67% 360 84 360 151,638
8.60% 1.40 1,830,000 71.4% 67% 360 84 360 173,914
8.61% 1.32 8,700,000 67.5% 60% 360 120 360 723,617
9.45% 1.38 2,400,000 69.0% 0% 240 - 240 257,071
9.78% 1.37 1,800,000 60.5% 51% 300 120 300 159,526
9.53% 1.27 9,000,000 72.7% 66% 360 120 360 839,079
9.28% 1.67 6,240,000 61.9% 0% 240 - 240 715,758
9.74% 1.70 2,900,000 62.6% 45% 240 120 240 352,569
8.80% 1.28 3,200,000 58.1% 52% 300 - 84 237,579
10.00% 1.45 3,300,000 69.3% 59% 300 120 300 362,700
====================================================================================================================================
1,211,300,000
9.245% 1.44 28,896,854 65.43% 49.42% 311.21 112.13 294.10
9.404% 1.46 8,470,629 64.46% 48.22% 304.36 101.71 269.59
7.882% 1.26 850,000 40.68% 0.00% 240.00 - 84.00
10.780% 2.25 110,000,000 78.55% 69.98% 360.00 240.00 361.00
====================================================================================================================================
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
89,401 sf 1984 238,431
85,745 sf 1960 18,134
61,435 sf 1982 152,896
85,285 sf 1985 251,798
117,717 sf 1982 363,926
9,420 sf 1990 168,981
12,688 sf 1986 308,274
12,676 sf 1993
51,735 sf 1986 797,360
21,669 sf 1996
108 pads 1982 148,190
101 pads 1971 172,956
183 units 1979
56 rooms 1993 137,738
16740 sf 1982/94
73720 sf 1987 841,820
160 rooms 1980 743,802
55 rooms 1978 1988 378,779
146 units 1967 & 71 241,576
92 rooms 1979 1995 342,080
====================================================================================================================================
88,478,444
====================================================================================================================================
<CAPTION>
<S> <C>
442,269 392,563
179,805 187,479
211,596 227,675
448,086 404,661
387,600 361,312
133,225 148,863
299,108 231,378
65,292 174,299
876,610 936,112
159,074 167,521
183,499 177,895
624,560 693,675
277,419 363,788
133,298 146,752
930,147 776,860
777,522 819,166
356,905 415,651
267,672 278,063
369,854 434,606
================================================================================
111,501,863 127,410,252
================================================================================
</TABLE>
Page 8
<PAGE>
PROPERTIES
<TABLE>
<CAPTION>
1996_NOI 1996_NOI_PERIOD ACTUAL_MGT_FEE 1993_REVENUE 1994_REVENUE 1995_REVENUE 1996_REVENUE
<S> <C> <C> <C> <C> <C> <C>
1,188,195 TTM 5/30/96 343,278 1,879,173 1,962,631
1,009,613 TTM 6/27/96 3,986,011 3,875,002 3,661,887 3,863,629
911,777 TTM 6/30/96 1,865,208 1,943,292 2,051,591 2,074,033
486,187 TTM 6/30/96 1,223,954 1,373,700 1,419,704 1,431,293
717,985 TTM 5/31/96 2,983,259 3,003,861 3,016,709 3,022,950
989,702 TTM 6/30/96 1,772,996 1,969,876 2,119,415 2,163,463
133,199 TTM 6/30/96 349,107 393,538 424,472 414,329
156,832 TTM 6/30/96 300,009 341,188 372,125 423,836
1,631,963 TTM 5/31/96 4,738,183 5,732,794 6,209,489 6,421,518
603,424 TTM 6/30/96 1,195,037 1,348,929 1,424,926 1,472,514
336,645 TTM 6/96 894,760 911,739 936,635 926,271
634,343 TTM 5/31/96 1,109,977 2,101,609 2,169,659
381,862 TTM 5/31/96 714,739 661,369 699,937
424,333 TTM 6/30/96 N/A N/A 867,772 851,549
375,919 TTM 6/30/96 725,454 874,807 1,072,064 1,041,601
853,239 TTM 5/96 1,699,179 1,667,631 1,867,784 1,927,670
3,967,008 TTM 7/31/96 5,367,322 5,571,460 5,661,888 5,863,429
756,491 TTM 6/30/96 1,436,602 1,247,598 1,290,905 1,515,064
502,949 TTM 6/30/96 586,402 658,810 689,158 704,651
131,617 TTM 6/25/96 307,606 331,070 317,386 316,482
401,202 TTM 6/30/96 33,679 425,555 454,161 454,161
504,436 TTM 6/30/96 585,378 607,031 595,720 585,313
2,349,484 YTD Annual 6/30/96 2,037,836 2,686,358 2,759,624
601,672 TTM 6/30/96 716,115 847,202 733,408 841,390
842,424 YTD Annualized 7/31/96 956,316 974,691
796,863 TTM 6/30/96 2,154,164 2,234,846 2,365,294 2,393,486
1,289,989 TTM 6/30/96 2,264,578 2,372,797 2,750,554 2,820,015
497,590 TTM 6/30/96 3,410,099 3,583,513 3,804,341 3,893,606
508,228 TTM 6/30/96 1,320,811 1,395,462 1,590,849 1,648,746
359,152 TTM 6/30/96 1,114,646 1,183,309 1,269,616 1,354,269
192,255 TTM 6/30/96 2,423,063 2,388,959 2,687,202 2,711,170
698,028 TTM 6/30/96 0.0% 349,291 650,212 729,371 817,575
240,673 TTM 6/30/96 5.0% 533,592 540,282 569,145 570,468
570,545 TTM 6/30/96 5.0% 862,992 968,720 1,060,681 1,121,331
623,191 TTM 6/30/96 1.5% 1,129,961 1,131,380 1,157,774 1,158,256
2,264,468 TTM 5/31/96 5.0% 2,939,270 3,248,044 3,459,949 3,768,023
291,565 TTM 6/30/96 0.0% 431,487 479,620 503,820 546,615
248,781 TTM 6/30/96 5.0% 380,578 397,218 414,210 426,889
430,558 TTM 6/30/96 5.0% 589,238 600,033 608,248 607,682
</TABLE>
<TABLE>
<CAPTION>
1996_REVENUE_PERIOD 1993_OCC 1994_OCC 1995_OCC 1996_OCC 1996_OCC_PREIOD U/W_OCC
<S> <C> <C> <C> <C> <C> <C>
TTM 5/30/96 46.7% 66.4% 68.1% TTM 5/30/96
TTM 6/27/96 73.8% 69.9% 67.3% 70.6% TTM 6/27/96
TTM 6/30/96 71.4% 72.5% 75.5% 72.3% TTM 6/30/96
TTM 6/30/96 65.4% 71.9% 72.6% 72.1% TTM 6/30/96
TTM 5/31/96 61.7% 62.1% 62.3% 62.4% TTM 5/31/96
TTM 6/30/96 75.2% 80.5% 82.9% 82.5% TTM 6/30/96
TTM 6/30/96 44.6% 47.6% 51.1% 49.9% TTM 6/30/96
TTM 6/30/96 55.9% 62.5% 63.2% 70.6% TTM 6/30/96 68.5%
TTM 5/31/96 55.8% 61.5% 66.3% 68.6% TTM 5/31/96 65.0%
TTM 6/30/96 79.7% 85.3% 82.2% 83.2% TTM 6/30/96 80.0%
TTM 6/96 76.3% 76.2% 76.3% 74.2% TTM 6/96 74.2%
TTM 5/31/96 N/A 34.8% 65.7% 66.6% TTM 5/31/96 66.6%
TTM 5/31/96 N/A 94.8% 94.8% 92.2% 04/09/96 90.0%
TTM 6/30/96 N/A N/A 72.5% 70.7% TTM 6/30/96 70.7%
TTM 6/96 55.8% 63.3% 73.4% 67.9% TTM 6/96 67.9%
TTM 5/96 55.6% 53.8% 56.3% 60.4% TTM 5/96 58.0%
TTM 7/31/96
TTM 6/30/96 79.4% 83.0% 99.3% 99.2% 4/29/96
TTM 6/30/96 100.0% 100.0% 94.9% 94.3% TTM 6/30/96
TTM 6/25/96 94.4% 96.2% 94.3% 94.0% TTM 6/25/96
TTM 6/30/96 100.0% 06/01/96 95.0%
TTM 6/30/96 100.0% 06/01/96 95.0%
YTD Annual 6/30/96 95.7% 4/19/96
872,666 93.0% 94.0% 95.0% 96.3% 6/26/96
YTD Annualized 7/31/96 89.5% 8/96
TTM 6/30/96 82.3% 83.6% 86.1% 87.6% TTM 6/30/96 85.0%
TTM 6/30/96 82.3% 79.8% 83.1% 81.7% TTM 6/30/96 81.0%
TTM 6/30/96 65.5% 70.9% 73.2% 72.3% TTM 6/30/96 72.3%
TTM 6/30/96 63.7% 68.6% 75.0% 76.0% TTM 6/30/96 74.0%
TTM 6/30/96 73.7% 84.7% 77.2% 80.3% TTM 6/30/96 80.3%
TTM 6/30/96 52.9% 49.5% 53.4% 54.2% TTM 6/30/96 54.2%
TTM 6/30/96 83.3% 100.0% 100.0% Cur. 5/1/96 95.8%
TTM 6/30/96 91.9% 93.3% 96.3% Cur. 4/25/96 95.0%
TTM 6/30/96 95.0% 95.0% 96.7% 97.6% Cur. 4/25/96 97.3%
TTM 6/30/96 97.2% 100.0% 98.8% 97.8% TTM 6/30/96 95.0%
TTM 5/31/96 84.0% 90.7% 96.0% 92.9% 5/24/96 92.5%
TTM 6/30/96 92.6% 96.8% 98.0% 99.4% 4/30/96 95.0%
TTM 6/30/96 83.3% 81.0% 81.6% 6/30/96 78.9%
TTM 6/30/96 99.9% 100.0% 100.0% 6/30/96 87.4%
</TABLE>
Page 9
<PAGE>
PROPERTIES
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
336,185 TTM 5/31/96 5.0% 545,453 623,215 615,517 582,001
283,567 TTM 5/31/96 5.0% 390,764 426,887 556,074 579,326
165,363 YE 1995 5.0% 229,189 243,258 252,591 252,591
248,255 TTM 5/31/96 5.0% 437,884 451,699 460,549 466,428
460,173 TTM 5/31/96 5% of rent income 553,327 565,186 630,819 692,083
302,077 TTM 6/30/96 5.0% 390,354 413,167 409,444 420,119
313,495 TTM 5/31/96 5.0% 349,385 369,963 434,801 456,022
583,968 TTM 6/30/96 4.0% 706,092 776,960 825,078 864,197
287,781 TTM 6/30/96 5.0% 392,335 417,468 446,287 459,943
441,975 TTM 5/31/96 5.0% 543,893 606,553 652,465 663,144
129,127 TTTM 5/31/96 0.0% N/A 164,593 165,608 181,141
212,676 TTM 6/24/96 less than 5% 259,591 252,631 287,278 305,869
179,334 YE 1995 314,427 321,111 330,021 330,021
373,773 TTM 6/30/96 483,968 528,330 553,439 574,232
141,397 TTM 6/30/96 6.0% 195,735 229,690 243,588 256,212
169,259 TTM 6/30/96 0.0% 335,071 321,454 325,917 327,320
513,621 TTM 6/30/96 0.0% 755,081 774,763 794,216 818,423
289,900 TTM 6/30/96 0.0% 587,825 554,647 610,403 646,224
206,151 TTM 6/30/96 0.0% 384,132 364,562 348,157 377,452
7,725,043 TTM 7/31/96 4.5% 13,956,248 14,223,202 14,506,534 14,595,491
2,082,236 TTM 6/30/96 3.2% 2,544,253 3,515,970 3,639,996
704,422 TTM 5/31/96 5.0% 1,331,763 1,354,046 1,374,573 1,384,579
71,250 2/15-4/30 4.0% 729,443 810,136 159,156
1,086,634 TTM 6/30/96 4.5% 1,815,616 1,879,474 2,063,020 2,136,970
275,379 T-11 Annualized 0.0% 356,509 386,248 382,778 400,730
580,147 TTM 6/30/96 3.8% 1,043,810 1,079,949 1,074,598 1,090,835
2,670,071 TTM 6/30/96 4.6% 4,334,015 3,846,371 4,073,277 4,064,556
3,672,313 TTM 6/30/96 3.9% 6,457,766 6,484,870 6,504,441 6,505,136
845,594 TTM 5/31/96 0.0% 1,439,975 1,692,000 1,882,149 1,911,424
12,032,549 TTM 7/31/96 5.4% 29,636,094 30,121,877 30,624,667 31,266,474
1,517,989 TTM 6/30/96 4.0% 4,724,311 4,398,227 4,750,198 4,774,409
739,869 TTM 6/30/96 4.0% 1,690,198 1,860,999 2,124,648 2,208,029
538,863 TTM 6/30/96 less than 4% 1,728,320 999,358 1,580,308 1,609,741
801,208 TTM 6/30/96 4.0% 1,083,926 1,199,294 1,386,131 1,506,440
1,479,940 TTM 6/30/96 4.0% 2,136,031 2,947,648 3,816,595 3,720,212
521,974 TTM 6/30/96 less than 4% 1,157,627 1,496,584 1,657,397
881,358 TTM 6/30/96 3.9% 945,784 1,033,964 1,132,298 1,235,882
304,708 TTM 7/31/96 3.2% 598,556 586,106 624,883 712,449
353,536 TTM 7/31/96 5.0% 447,395 483,339 508,077 523,319
132,514 TTM 5/31/96 5.0% 195,896 207,747 211,642 217,842
898,288 TTM 5/31/96 3.3% 1,126,310 1,121,529 1,189,218 1,155,470
551,813 TTM 6/30/96 3.5% 19,468 1,413,241 1,534,377 1,534,478
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
TTM 6/30/96 95.0% 97.0% 95.0% 93.7% 5/31/96 84.0%
TTM 5 /31/96 71.0% 85.0% 95.0% 99.5% 5/31/96 95.0%
YE 1995 91.9% 95.7% 97.0% 98.9% Cur. 3/31/96 95.0%
TTM 5/31/96 93.0% 91.0% 89.9% 94.9% 5/31/96 91.7%
TTM 5/31/96 86.0% 90.0% 97.0% 99.2% 7/31/96 91.6%
TTM 6/30/96 100.0% 100.0% 100.0% 100.0% 6/30/96 95.0%
TTM 5/31/96 72.0% 81.0% 93.0% 95.8% 6/18/96 91.2%
TTM 6/30/96 97.0% 99.4% 99.9% 98.7% 5/31/96 94.4%
TTM 6/30/96 100.0% 0.993 99.8% 100.0% 4/30/96 97.0%
TTM 5/31/96 95.0% 100.0% 100.0% 100.0% TTM 5/31/96 95.0%
TTM 5/31/96 N/A 81.0% 84.0% 92.9% 6/3/96 90.0%
TTM 6/24/96 74.0% 74.0% 74.0% 74.0% TTM 6/24/96 74.0%
YE 1995 95.0% 95.0% 95.0% 96.5% 5/25/96 95.1%
TTM 6/30/96 90.5% 92.6% 92.6% 91.2% 6/1/96 90.7%
TTM 6/30/96 100.0% 100.0% 100.0% 100.0% TTM 6/30/96 97.0%
TTM 6/30/96 88.6% 81.6% 79.9% 82.9% 4/30/96 79.2%
TTM 6/30/96 99.6% 100.0% 100.0% 100.0% 6/30/96 95.0%
TTM 6/30/96 85.7% 99.4% 5/1/96 95.0%
TTM 6/30/96 68.8% 68.8% 96.9% 5/1/96 TTM (Occupancy varies)
TTM 7/31/96 96.3% 96.9% 95.9% 95.3% 6/10/96 95.0%
TTM 6/30/96 95.0% 95.0% 98.0% 6/30/96 95.0%
TTM 5/31/96 89.6% 89.6% 89.0% 94.9% 8/1/96 89.2%
2/15/96-4/30/96 83.5% 94.7% 84.2% 7/17/96 92.3%
TTM 6/30/96 93.9% 94.9% 94.6% 95.9% 6/29/96 92.0%
T-11 annualized 95.0% 95.0% 100.0% 98.7% 8/22/96 95.0%
TTM 6/30/96 97.0% 98.5% 97.1% 98.9% 7/1/96 95.0%
TTM 6/30/96 97.0% 91.0% 98.5% 95.0% 6/30/96 95.0%
TTM 6/30/96 92.0% 89.6% 85.3% 86.1% 6/21/96 85.0%
TTM 5/31/96 84.7% 90.0% 95.4% 97.9% 6/1/96 95.0%
TTM 7/31/96 78.6% 77.4% 80.2% 79.4% TTM 7/31/96 77.4%
TTM 6/30/96 87.7% 78.5% 82.3% 81.5% TTM 6/30/96 81.5%
TTM 6/30/96 51.9% 57.8% 65.3% 65.6% TTM 6/30/96 64.2%
TTM 6/30/96 53.7% 60.6% 52.0% 55.0% TTM 6/30/96 55.0%
TTM 6/30/96 48.9% 58.2% 59.4% 61.9% TTM 6/30/96 60.0%
TTM 6/30/96 73.5% 61.3% 70.5% 68.0% TTM 6/30/96 68.0%
TTM 6/30/96 49.3% 62.7% 64.4% TTM 6/30/96 63.0%
TTM 6/30/96 98.7% 90.5% 100.0% 95.1% 6/30/96 95.0%
TTM 7/31/96 84.0% 85.0% 98.0% 100.0% 6/1/96 95.0%
TTM 7/31/96 100.0% 100.0% 100.0% 8/1/96 95.0%
TTM 5/31/96 93.4% 97.6% 100.0% 5/9/96 93.9%
TTM 5/31/96 99.2% 99.2% 100.0% 100.0% 5/31/96 95.0%
TTM 6/30/96 85.8% 87.9% 87.9% 73.6% 6/30/96 80.6%
</TABLE>
Page 10
<PAGE>
PROPERTIES
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
1,766,491 TTM 6/30/96 3.0% 4,713,559 4,600,591 4,633,343
719,298 TTM 6/30/96 4.0% 1,635,925 1,856,975
2,844,998 TTM 7/31/96 1.5% 3,849,119 4,105,370 4,270,141
414,640 TTM 7/31/96 5.0% 504,325 492,171 517,791 558,402
376,192 1995 YE 0.0% 441,882 490,490 512,793 512,793
443,944 TTM 4/30/96 4.0% 647,018 627,779 625,248 621,202
2,339,266 TTM 6/30/96 5.0% 10,213,989 10,331,976 11,067,890 11,236,364
574,259 TTM 6/30/96 5.1% 3,291,245 3,623,756 4,059,991 4,056,577
544,571 TTM 5/31/96 5.0% 1,405,297 1,775,317 1,746,742
594,541 TTM 7/31/96 3.4% 1,359,311 1,370,968 1,348,453 1,357,569
897,997 TTM 7/31/96 5.0% 1,360,962 1,426,255 1,474,313 1,466,028
194,034 TTM 7/31/96 5.0% 346,212 357,735 343,429 358,204
181,332 1995 YE 5.0% 297,329 313,301 339,276 339,276
233,155 TTM 6/30/96 6.0% N/A 102,423 359,986 356,824
487,508 TTM 6/30/96 2.0% 771,758 817,742 1,062,601 1,114,735
1,370,373 TTM 7/31/96 4.0% 2,352,211 2,548,149 2,774,784 2,894,425
574,187 TTM 3/31/96 4.0% 1,370,041 1,398,984 1,390,346 1,364,582
491,651 TTM 6/30/96 4.0% 1,159,718 1,242,044 1,371,768 1,500,311
582,923 TTM 6/30/96 4.0% 577,743 575,144 765,306 914,882
728,948 TTM 4/30/96 4.0% 2,020,780 2,068,164 2,115,795
181,953 TTM 7/31/96 4.8% 325,962 326,808 324,763 339,402
339,592 TTM 7/31/96 3.9% 465,386 552,707 619,676
749,800 TTM 6/30/96 2.7% 998,365 1,033,804 1,035,167 1,099,482
835,851 TTM 6/30/96 4.0% 2,971,041 3,139,414 2,996,684 2,755,197
377,393 TTM 3/31/96 4.0% 1,763,322 1,825,550 1,536,863 1,515,428
3,909,926 TTM 7/31/96 4,280,010 4,439,497 4,803,729 4,911,482
4,000,205 TTM 6/30/96 5,114,679 5,899,957 6,204,341
3,109,122 TTM 6/30/96 5,298,463 5,422,323 5,409,610 5,349,723
2,998,083 TTM 5/31/96 5,892,668 5,976,815 6,446,774 6,597,881
1,540,988 TTM 6/30/96 2,125,830 2,365,167 2,340,774 2,248,736
1,099,395 TTM 6/30/96 1,646,228 1,788,506 1,805,445 1,743,393
951,895 TTM 6/30/96 1,422,876 1,540,186 1,552,260 1,495,195
2,306,494 TTM 6/30/96 3,100,076 3,473,292 3,460,282 3,453,300
1,588,507 TTM 6/30/96 1,899,010 2,202,096 2,236,449 2,286,436
1,772,028 TTM 6/30/96 2,784,658 3,022,456 3,054,838 2,895,324
726,094 TTM 6/30/96 278,183 1,126,533 1,212,142 1,243,306
620,249 TTM 6/30/96 242,831 1,002,187 1,041,394 1,072,202
597,840 TTM 6/30/96 197,100 844,252 887,408 914,737
917,982 TTM 6/30/96 525,368 1,587,763 1,635,905
124,923 TTM 6/30/96 174,693 204,198 199,969 200,366
852,477 TTM 6/30/96 628,626 869,915 1,142,531 1,146,746
128,417 TTM 6/30/96 121,543 182,524 203,354
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
TTM 6/30/96 84.8% 86.6% 84.9% 5/31/96 83.3%
TTM 6/30/96 71.0% 95.8% 7/1/96 94.7%
TTM 7/31/96 87.6% 92.6% 94.5% 8/21/96 94.5%
TTM 7/31/96 80.0% 8.0% 87.6% 7/1/96 87.6%
1995 YE 100.0% 100.0% 100.0% 94.5% 8/23/96 94.0%
TTM 4/30/96 85.0% 86.9% 79.4% 6/4/96 79.4%
TTM 6/30/96 94.2% 92.6% 94.2% 89.7% 8/26/96 89.7%
TTM 6/30/96 88.7% 90.5% 91.9% 93.0% 7/31/96 93.0%
TTM 5/31/96 86.3% 95.1% 94.4% 7/31/96 94.4%
TTM 7/31/96 97.4% 97.1% 94.5% 96.4% 7/20/96 93.8%
TTM 7/31/96 96.7% 97.5% 97.0% 95.2% 8/9/96 93.1%
TTM 7/31/96 92.6% 90.0% 93.9% 7/31/96 93.8%
1995 YE 99.0% 99.0% 100.0% 99.0% 7/31/96 95.0%
TTM 6/30/96 N/A 100.0% 100.0% 100.0% 08/01/96 97.0%
TTM 6/30/96 57.0% 59.0% 74.4% 75.3% TTM 6/30/96 75.0%
TTM 7/31/96 74.4% 79.6% 84.0% 87.7% TTM 7/31/96 79.0%
TTM 3/31/96 86.8% 83.3% 72.6% 70.3% TTM 3/31/96 70.3%
TTM 6/30/96 71.0% 71.0% 72.8% 78.3% TTM 6/30/96 76.0%
TTM 6/30/96 65.0% 65.1% 79.4% 91.2% TTM 6/30/96 79.0%
TTM 4/30/96 78.3% 80.5% 83.0% TTM 4/30/96 80.0%
TTM 7/31/96 96.0% 97.2% 97.2% 98.6% 6/1/96 96.5%
TTM 7/31/96 98.1% 8/10/96 95.0%
TTM 6/30/96 95.0% 95.0% 95.0% 95.0% 6/30/96 95.0%
TTM 6/30/96 76.5% 83.4% 73.8% 67.6% TTM 6/30/96 67.6%
TTM 3/31/96 55.3% 61.4% 52.9% 51.5% TTM 3/31/96 51.5%
TTM 7/31/96 85.9% 89.6% 90.7% 84.2% 8/28/96 84.2%
TTM 6/30/96 90.4% 97.1% 95.4% 06/30/96 95.0%
TTM 6/30/96 95.2% 95.6% 94.8% 99.0% 09/01/96 94.4%
TTM 5/31/96 72.6% 70.7% 74.7% 75.1% TTM 5/31/96 74.0%
TTM 6/30/96
TTM 6/30/96
TTM 6/30/96
TTM 6/30/96
TTM 6/30/96
TTM 6/30/96
TTM 6/30/96 94.5% 91.1% 93.0% 99.5% 06/25/96
TTM 6/30/96 94.0% 92.0% 93.4% 95.7% 06/25/96
TTM 6/30/96 96.2% 94.6% 92.7% 95.3% 06/25/96
TTM 6/30/9 94.0% 92.5% 91.8% 94.8% 06/25/96
TTM 6/30/96 0.9 74.0% 78.0% 06/01/96 78.0%
TTM 6/30/96 0.93 94.0% 94.7% 06/01/96 94.7%
TTM 6/30/96 0.85 85.0% 100.0% 06/01/96 90.0%
</TABLE>
Page 11
<PAGE>
PROPERTIES
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
406,341 TTM 6/30/96 500,256 521,589 525,938 544,303
196,023 TTM 6/30/96 32,340 221,825 236,459 247,693
242,703 TTM 6/30/96 225,368 269,370 284,074 284,309
387,968 TTM 6/30/96 398,663 524,082 530,085 547,146
360,977 TTM 6/30/96 474,341 449,684 467,287 497,000
153,302 TTM 6/30/96 228,714 200,007 204,193 200,373
261,917 TTM 6/30/96 359,265 343,518 286,394 315,304
167,166 TTM 6/30/96 113,790 203,089 205,958
955,276 TTM 6/30/96 943,475 1,033,827 1,100,106 1,118,747
164,789 TTM 6/30/96 242,889 253,184 265,640 272,488
174,310 TTM 6/30/96 255,660 272,414 272,019 273,575
713,904 TTM 7/31/96 1,134,053 1,259,912 1,272,761
341,906 TTM 6/30/96 375,931 698,997 769,051 745,592
166,463 TTM 7/31/96 171,277 221,659 226,616
735,534 TTM 7/31/96 1,308,506 1,320,675 1,288,576 1,221,604
843,768 TTM 6/30/96 1,679,973 1,935,129 1,891,971 1,832,324
426,746 TTM 5/31/96 812,189 802,526 868,287 889,970
249,141 TTM 6/30/96 573,386 594,347 625,349 598,493
1,036,540 1,042,139 996,079
129,047,918 203,763,710 245,102,337 266,757,975 270,484,620
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
TTM 6/30/96 0.76 82.0% 83.6% 06/01/96 83.6%
TTM 6/30/96 0.62 67.0% 60.0% 06/01/96 60.0%
TTM 6/30/96 0.85 96.0% 91.6% 06/01/96 91.6%
TTM 6/30/96 0.86 87.0% 92.7% 06/01/96 92.7%
TTM 6/30/96 100.0% 100.0% 06/01/96 95.0%
TTM 6/30/96 100.0% 06/30/96 95.0%
TTM 6/30/96 100.0% 06/30/96 95.0%
TTM 6/30/96 100.0% 06/30/96 95.0%
TTM 6/30/96 98.4% 06/30/96 95.0%
100.0% 06/30/96 95.0%
TTM 6/30/96 96.0% 97.0% 98.0% 03/01/96 95.0%
TTM 6/30/96 100.0% 96.0% 97.0% 93.5% 03/01/96 93.5%
TTM 7/31/96 0.921 0.963 0.907 7/31/96 5.0%
TTM 6/30/96 71.8% 76.2% 83.0% 80.6% TTM 6/30/96 80.6%
TTM 7/31/96 84.7% 100.0% 3529300.0%
TTM 7/31/96 98.6% 99.1% 91.3% 100.0% 3529300.0% 95.0%
TTM 6/30/96 58.1% 65.8% 61.4% 58.4% TTM 6/30/96 58.4%
TTM 5/31/96 75.1% 74.2% 75.8% 74.0% TTM 5/31/96 74.0%
TTM 6/30/96 93.0% 87.7% 90.4% Cur.2/25/96
69.5% 70.7% 60.6% 60.6%
55.07% 69.41% 72.26% 77.84% 67.45%
82.29% 83.57% 85.00% 87.71% 84.75%
44.62% 34.83% 8.00% 49.90% 5.00%
100.00% 100.00% 100.00% 100.00% 97.30%
</TABLE>
Page 12
<PAGE>
PROPERTIES
<TABLE>
<CAPTION>
MGT_CO U/W_MGT_FEE AUDIT LOCKBOX SPC BK_REMOTE
<S> <C> <C> <C> <C> <C>
Alpha Hotel Management Company, Inc. 4.00% Yes
Owner Operated 3.50% Yes Yes
Des Bro Management Co. 4.50% Yes
Des Bro Management Co. 4.50% Yes
Creative Inns, Inc. 4.00% Yes
Schahet Hotels of Indianapolis 4.00% Yes
Eastern Hospitality Management, Inc. 5.00% Yes Yes
Eastern Hospitality Management, Inc. 4.80% Yes Yes
TMS Management Company 4.00% Yes
Marshall Management Inc. 4.00% Yes
The Lodge Keeper Group 4.00% Yes
The Bernstein Companies 5.00% Yes
The Bernstein Companies 5.00% Yes
Naren Patel 4.00% Yes
The Lodge Keeper Group 4.50% Yes
Hospitality Lodging South Inc 4.50% Yes
Portman Holdings 4.00% YEs Yes Yes
The Hapsmith Company 4.00% Yes
Fitzgerald & Matan Realty 5.00% Yes
Today Management 5.00% Yes
Quantum Management Corporation 5.00% Yes Yes
Quantum Management Corporation 5.00% Yes Yes
Brymarc Management Company 4.00% Yes Yes
Mills Management, Inc. 5.00% Yes
Mid Valley Management Company 4.00%
Waterford Hotel Group 4.00% Yes Yes Yes
Waterford Hotel Group 4.00% Yes Yes Yes
Waterford Hotel Group 4.00% Yes Yes Yes
Waterford Hotel Group 4.00% Yes Yes Yes
Waterford Hotel Group 4.00% Yes Yes Yes
Waterford Hotel Group 4.00% Yes Yes Yes
United American Land Co. 5.00% Yes
BMR Investments 5.00% Yes
BMR Investments Yes
Daniel Sawicki 5.00% Yes
CAPREIT Residential Corporation 5.00% Yes Yes
Coachland L.L.C 5.00% Yes
The Choice Group 5.00% Yes
Present Realty 5.00% Yes
</TABLE>
<TABLE>
<CAPTION>
FRANCHISE U/W_FRANCHISE_FEE 1993_ADR 1994_ADR 1995_ADR 1996_ADR U/W_ADR
<S> <C> <C> <C> <C> <C> <C>
None 0.04 57.59 64.25 63.65
Holiday Inn 0.057 54.13 54.88 54.90 55.90
Holiday Inn 0.09 45.32 46.57 47.35 50.15
Days Inn of America 0.069 30.54 30.65 31.87 33.02
Ramada Franchise Systems, Inc. 0.057 60.97 64.67 67.42 67.62
Hampton Inn 0.077 50.02 51.74 54.29 55.85
Super 8 0.058 33.25 35.39 35.60 35.56
Super 8 Motels 0.058 34.41 34.90 37.48 37.85 37.85
Best Western 0.025 48.60 52.44 54.30 55.68 55.68
Comfort Inn 0.04 41.31 43.79 47.91 48.30 48.30
The Lodge Keeper Group 0.064 43.66 44.35 45.80 46.65 46.65
Days Inn 0.069 N/A 55.09 55.15 56.13 56.13
Holiday Inn Express 0.084 N/A N/A 65.59 65.96 65.96
The Lodge Keeper Group 0.064 44.00 46.63 49.47 51.53 51.53
Best Western International 0.04 52.05 54.56 58.04 56.01 56.01
Marriot 0.038 54.33 55.36 57.32 57.00 57.00
Choice Hotel Franchise 0.045 58.05 64.91 72.18 75.37 75.37
Holiday Inn 0.034 57.80 59.51 62.03 64.58 64.58
Comfort Inn 0.056 41.77 41.56 44.26 45.39 45.39
Ramada Franchise Systems 0.079 36.68 32.18 38.29 39.25 39.25
Ramada Franchise Systems 0.031 48.26 51.18 53.03 53.57 53.57
</TABLE>
Page 13
<PAGE>
PROPERTIES
<TABLE>
<S> <C> <C> <C> <C> <C>
Thomas J. Horner Real Estate 5.00% Yes
RVG Management Company 5.00% Yes
Owner Managed 5.00% Yes
RVG Management Company 5.00% Yes
Apollo Properties, Inc. 5% of rent income No
Present Realty 5.00% Yes
Sandstone, Inc. 5.00% Yes
The Choice Group 4.00% Yes
Ameri-Park Properties 5.00% Yes
RVG Management 5.00% Yes
Owner Managed 5.00% Yes
Owner Managed 5.00% Yes
Owner Managed 5.00% No
Choice Group 4.00% Yes
Lori Collier 6.00% Yes
Wing-Gray, Inc. 5.00% No
Win-Gray, Inc. 5.00% No
Win-Gray, Inc. 5.00% No
Wing-Gray, Inc. 5.00% No
E & S Ring Management Corporation 4.50% Yes Yes Yes
RCA Realty Service, LTD. 4.00% Yes Yes
Lefferts Fore Associates New York 5.00% Yes
Sumar Realty 5.00% Yes
PM Diversified 5.00% Yes
Nick Merucci 5.00% Yes
PM Diversified 5.00% Yes
Sares Regis 5.00% Yes Yes Yes
Equivest Development Inc. 4.00% Yes Yes
Self-Managed 4.00% Yes
Hyatt Hotel Corporation 5.40% Yes Yes Yes
H. L. Murphy, Inc. 4.00% Yes
Hospitality Management, LTD. 4.00% Yes
Self Managed 3.50% Yes
Dahai Group (U.S.A), Inc. 4.00% Yes
Winner Hotels, Inc. 4.00% Yes
Owner-related 4.50% Yes
Trammel Crow Company 4.00% Yes
Nationwide Management Corp. 5.00% Yes
Parkway Asset Management Corporation 5.00% Yes
Dolphin Real Estate Group 5.00% Yes
The Geigerich Company 5.00% Yes
Zenith Health Care, Inc. 5.00% Yes
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
Hyatt Regency .015(for marketing & reservation fee) 117.33 121.72 124.42 128.76 128.76
Hampton Inn 0.075 87.70 90.89 93.47 95.23 95.23
Best Western 0.038 60.50 60.10 60.50 62.53 62.53
Holiday Inn 0.082 46.00 48.25 51.24 49.87 49.87
None 0.045 51.52 43.25 46.64 47.59 47.59
Holiday Inn 0.073 48.92 48.51 55.75 56.44 56.44
Ramada Franchise Systems, Inc. 0.081 43.61 44.33 47.87 47.87
</TABLE>
Page 14
<PAGE>
PROPERTIES
<TABLE>
<S> <C> <C> <C> <C> <C>
Interstate Realty Corp. 4.00% Yes Yes
Cutlass Realty 4.00% No-individual
In-house 5.00% Yes Yes Yes
Gama Investments, Inc. 5.00% Yes
I. Goldberg Management Company 4.00% Yes
Transwestern Property Corporation 5.00% Yes
Wilcare Corporation 5.00% Yes
Pioneer Health Care Services, Inc. 5.70% Yes
Rocky R. Lemon 5.00% Yes
Noel Management Company 5.00% Yes
NHP Management Company 5.00% Yes Yes Yes
Investment Development Corporation 5.00% Yes
Owner Managed 5.00% Yes
Ruth & Bill Hamilton 6.00% Yes
Terry A. Isom and Steven F. Hanson 4.00% Yes
Pacifica Hotel Company 4.50% Yes
Olde Adobe Investment Corporation 4.50% Yes
Boyle Hotels 4.00% Yes
Owner Managed 4.00% Yes
Hotel Management Plus Corp. 4.00% Yes
Renken Management Company, Inc 5.00% Yes
Cal-American Corporation 5.00% Yes Yes
Dr. Harrinder Grewal 5.00% Yes Yes
Allsuite Management Company, Inc. 4.00% Yes
Owner Operated 4.50% Yes
Anchorage Shopping Center Management Company, Inc 5.90% Agreed Upon Procedure Yes Yes
The Johnston Group 4.50% Agreed Upon Procedure Yes Yes
The 1010 Company 4.50% Independent Accountant No
Buckhead Hotel Management Company, Inc. 4.50% Yes
Pacific Properties and Development Corp. 4.00% Yes Yes Yes ?
Pacific Properties and Development Corp. 4.00% Yes Yes Yes ?
Pacific Properties and Development Corp. 4.00% Yes Yes Yes ?
Pacific Properties and Development Corp. 4.00% Yes Yes Yes ?
Pacific Properties and Development Corp. 4.00% Yes Yes Yes ?
Pacific Properties and Development Corp. 4.00% Yes Yes Yes ?
Prime Residential, L.P. 5.00% Yes Yes Yes
Prime Residential Texas Partners, L.P. 5.00% Yes Yes Yes
Prime Residential, L.P. 5.00% Yes Yes Yes
Prime Residential Texas Partners, L.P. 5.00% Yes Yes Yes
Pinnacle Property Compancy, Inc. 5.00% Yes Yes
Pinnacle Property Compancy, Inc. 5.00% Yes Yes
Pinnacle Property Compancy, Inc. 5.00% Yes Yes
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
0.04 52.35 53.40 55.70 57.67 57.67
Best Western International 0.04 72.22 73.14 75.78 76.20 76.20
Best Western International 0.038 49.95 53.79 58.73 59.47 59.47
Best Western International 0.04 73.26 77.42 81.20 82.92 82.92
Days Inn of America 0.086 45.09 44.82 47.92 49.78 49.78
Promus Hotels, Inc 0.074 51.35 50.58 50.29 50.58
0.04 64.65 62.38 67.21 67.07 67.07
Quality Inn 0.045 42.20 40.58 40.21 41.50 41.50
Days Inn of America 0.06 74.55 77.20 78.54 79.81 79.81
</TABLE>
Page 15
<PAGE>
PROPERTIES
<TABLE>
<S> <C> <C> <C> <C> <C>
Pinnacle Property Compancy, Inc. 5.00% Yes Yes
Pinnacle Property Compancy, Inc. 5.00% Yes Yes
Pinnacle Property Compancy, Inc. 5.00% Yes Yes
Pinnacle Property Compancy, Inc. 5.00% Yes Yes
Pinnacle Property Compancy, Inc. 5.00% Yes Yes
The Gabay Family 5.00% Yes A to be formed SPC
The Gabay Family 5.00% Yes A to be formed SPC
The Gabay Family 5.00% Yes
The Gabay Family 5.00% Yes
The Gabay Family 5.00% Yes A to be formed SPC
5.00% Yes
5.00% Yes
Cal-American Corp 5.00% Yes Yes
Arihant, Inc 4.50% Yes
MCS Group, Inc. 5.00% Yes
Diversified Equities & Management 5.00% Yes
Goodyear Hotel Partners 5.00% Yes
North Atlantic Hotel Partnership 4.50% Yes
BMR Investments 5.00% Yes
Hotel Management Company, LLC 5.00% Yes
4.59%
4.67%
3.50%
6.00%
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
Choice Hotels International, Inc. 0.039 42.53 43.57 43.99 44.08 44.08
Quality Inns International, Inc. 0.066 43.19 44.72 48.25 50.83 50.83
Best Western 0.05 47.76 47.93 50.78 54.01 54.01
Holiday Inn Express 0.013 41.91 41.22 45.84 45.84
0.98% 19.45 21.05 21.96 22.41 20.96
5.50% 52.69 53.65 56.53 57.92 58.86
1.30% 30.54 30.65 31.87 33.02 37.85
9.00% 117.33 121.72 124.42 128.76 128.76
</TABLE>
Page 16
<PAGE>
PROPERTIES
<TABLE>
<CAPTION>
APPRAISER APP_DATE ENV_FIRM ENV_DATE
<S> <C> <C> <C>
Aaron & Wright 03/27/96 Aaron & Wright 4/9/96
Aaron & Wright 05/20/96 EMG 5/30/96
Aaron & Wright 01/15/96 Aaron & Wright Technical Services 1/2/96
Aaron & Wright 01/15/96 Aaron & Wright 1/22/96
Aaron & Wright 05/16/96 Paragon 5/30/96
Aaron & Wright, Inc 03/15/96 Eckland 3/15/96
Hospitality Valuation Services 01/01/96 Eckland 1/5/96
Hospitality Valuation Services 01/01/96 Eckland Consultants 1/4/96
Hospitality Valuation Services 01/01/96 Eckland 1/11/96
Lippman, Frizzell & Mitchell 09/15/95 Eckland 11/7/95
Arthur Anderson 12/07/95 Eckland 1/4/96
Hospitality Appraisal Services, LLC Eckland 3/18/96
Hospitality Appraisal Services, LLC Eckland 3/15/96
Kirkland and Company 05/22/96 EMG 6/3/96
Arthur Anderson 12/01/95 Eckland 12/19/95
Butler & Burgher, Inc. 06/17/96 Eckland 6/20/96
Cushman & Wakefield 06/06/96 EMG 6/3/96
Eichel, Inc 03/08/96 Eckland 3/13/96
Aaron & Wright 03/19/96 EMG 4/12/96
Butler Burgher 05/05/96 Eckland 1/15/96
Smail Associates 01/15/96 Schnabel Environmental Services 3/27/96
Smail Associates 01/15/96 Schnabel Environmental Services 3/27/96
MT Associates 04/01/96 Pacific Southwest Group 12/14/95
John C. Hottle & Associates 02/01/96 RERC Environmental 2/1/96
MT Associates 04/01/96 Pacific Southwest Group 11/13/95
J.W. Hoyt & Associates 12/15/95 Professional Service Industries 1/10/96
Aaron & Wright 04/17/96 Professional Service Industries 4/25/96
Farley Whittier Partners 12/14/95 Professional Service Industries 12/22/95
Farley, Whittier Partners 12/13/95 Professional Service Industries 12/22/95
Aaron & Wright Incoroporated 04/24/96 Professional Service Industries 4/23/96
Michael J. Barnard & Associates 12/05/96 Professional Service Industries 1/8/96
Cushman & Wakefield 12/06/95 Eckland 11/28/95
Aaron & Wright 10/02/95 Aaron & Wright 10/9/95
Aaron & Wright 10/01/95 Aaron & Wright 10/9/95
I.B. Skolnick Associates 07/12/95 Building Diagnostics 7/5/95
Aaron & Wright 01/30/96 Aaron & Wright 2/13/96
Palmer, Grotha & Pietka 02/10/95 Eckland 2/1/96
Allen & Associates 01/15/96 Eckland 2/14/96
Charles D'Agostino 01/05/96 Eckland 2/5/96
</TABLE>
<TABLE>
<CAPTION>
ENV_SUG_RES ENV_ACT_RES ENG_FIRM ENG_DATE ENG_SUG_UPFRONT
---------------
<S> <C> <C> <C> <C>
Aaron & Wright 4/9/96 $2,300
450 563 EMG 5/30/96 $11,691
Aaron & Wright Technical Services 1/24/96 $25,700
Aaron & Wright 1/23/96 $41,800
Paragon 5/30/96 $74,493
Eckland 3/15/96 $1,525
1,300 1,950 Eckland 1/5/96 $50
Eckland 1/3/96 $625
Eckland 1/11/96 $67,250
Eckland 10/30/95 $50,894
Eckland 12/30/95 $5,800
Eckland 3/18/96 $32,900
Eckland 3/15/96 $750
EMG 6/3/96
Eckland 12/7/95 $17,950
Eckland 6/20/96 $9,900
2,950 3,687 EMG 6/4/96 $64,810
Eckland 3/13/96 $8,500
3,750 4,688 EMG 3/25/96 $19,500
1,200 1,500 Eckland 1/4/96 $35,000
2,500 2,500 Rosh Engineering Services 3/27/96 $1,150
4,000 4,000 Rosh Engineering Services 3/27/96 $3,500
Eckland 4/18/96 $35,000
600 RERC Environmental 2/1/96 $54,275
Eckland 4/30/96 $0
Professional Service Industries 5/10/96 $40,350
Professional Service Industries 5/13/96 $64,980
2,500 Professional Service Industries 5/13/96 $51,600
2,500 Professional Service Industries 5/13/96 $45,837
2,000 2,500 Professional Service Industries 4/16/96 $28,508
2,813 Professional Service Industries 4/23/96 $3,350
Eckland 11/28/95 $121,300
Aaron & Wright 10/6/95 $53,175
Aaron & Wright 10/9/95 $131,300
9,000 11,250 Building Diagnostics 7/5/95 $246,459
Aaron & Wright 2/13/96 $228,500
1,500 1,875 Eckland 1/29/96 $13,100
Eckland 2/12/96 $2,860
Eckland 2/5/96 $1,000
</TABLE>
Page 17
<PAGE>
PROPERTIES
<TABLE>
<S> <C> <C> <C>
Nunnink and Associates 01/09/96 Eckland 1/12/96
Chartwell Advisory Group 01/04/96 Eckland 1/8/96
The Havins Co., Inc. 01/31/96 Eckland 2/6/96
Chartwell Advisory Group 01/13/96 Eckland 1/9/96
Appraisal Technology, Inc. 02/01/96 Eckland 1/30/95
Charles D'Agostino 01/05/96 Eckland 2/2/96
Aaron & Wright 06/18/96 Eckland 6/18/96
Urban Information Systems, Inc. 02/21/96 Eckland 2/21/96
Urban Uniformation Services 10/23/95 ATEC Environmental Cons. 11/21/95
Chartwell Advisory Group 01/12/96 Eckland 1/15/96
Appraisal Technology 05/30/96 Eckland Consultants, Inc. 6/17/96
Appraisal Technology, Inc. 06/05/96 Eckland 6/14/96
Professional Appraisal Services 05/07/96 Eckland Consultants, Inc. 5/22/96
John P. Hill & Associates, Ltd. 01/30/96 Eckland 2/9/96
Robinson Miller Company 05/14/96 Eckland 6/25/96
Investment Counselors, Inc. 02/23/96 Eckland 2/27/96
Investment Counselors, Inc. 02/15/96 Eckland 3/4/96
Investment Counselors, Inc. 02/23/96 Eckland 3/21/96
Investment Counselors, Inc. 03/04/96 Eckland 2/26/96
Apartment Building Appraisers & Analysts, Inc. 11/29/95 Project Resources, Inc. 7/10/96
Michael M. Axler & Associates 02/12/96 EDR 2/7/96
RTA Group, Inc. 05/01/96 EMG 5/7/96
CB Commercial Real Estate Group 09/11/95 Building Evaluation Services & Technology 8/21/95
Aaron & Wright 05/09/96 Aaron & Wright 6/3/96
CB Commercial 06/19/96 Eckland 6/27/96
Aaron & Wright 05/09/96 Aaron & Wright 6/3/96
Richard Seevers & Associates 05/14/96 KTR Environmental Services, Inc. 5/9/96
Cushman & Wakefield 03/19/96 Edward H. Kulijan Associates Inc. 6/11/96
AMI Commercial Real Estate Appraisals 06/15/96 EMG 6/26/96
HVS 08/01/96 Eckland 7/16/96
Hospitality Valuation Services 12/01/95 Eckland 11/20/95
Patrick C. Kerr Appraisal Inc. 01/16/96 EMG 1/22/96
Aaron & Wright 06/14/96 Aaron & Wright 7/2/96
Aaron & Wright, Inc. 07/16/96 Aaron & Wright Technical Services 7/22/96
Weibel & Associates 12/09/95 Eckland 1/23/96
Hospitality Valuation Services 05/01/96 Eckland Consultants, Inc. 7/31/96
Aaron & Wright 02/23/96 Aaron & Wright 3/14/96
Aaron & Wright 05/23/96 Aaron & Wright 6/21/96
Aaron & Wright 07/02/96 Aaron & Wright 7/8/96
Appraisal Technology, Inc. 04/10/96 Foree & Vann, Inc. 5/20/96
Cushman & Wakefield 06/11/96 EMG 6/7/96
Ryon Associates 03/14/96 EMG 3/19/96
</TABLE>
<TABLE>
<S> <C> <C> <C> <C>
Eckland 1/12/96 $30,500
Eckland 1/9/96 $0
Eckland 2/6/96 $6,900
Eckland 1/9/96 $108,000
Eckland 1/30/95 $0
Eckland 2/2/96 $500
Eckland 6/18/96 $8,500
Eckland 2/14/96 $48,000
5,000 Ellis Naeyaert Genheimer Associates Limited Partnership 11/22/95 $4,706
Eckland 1/15/96 $24,200
Eckland Consultants, Inc. 6/17/96 $8,500
Eckland 6/14/96 $0
Eckland 5/22/96 $4,560
Eckland 2/19/96 $50,500
Eckland 6/25/96 $7,800
Eckland 2/22/96 $7,250
Eckland 3/13/96 $20,900
Eckland 3/21/96 $127,150
Eckland 2/26/96 $38,300
Project Resources, Inc. 7/10/96 $302,750
The HDH Partnership 2/15/96 $60,960
15,450 18,750 EMG 5/16/96 $24,870
Building Evaluation Services & Technology 8/21/95 $219,250
Aaron & Wright 6/3/96 $73,790
Eckland 6/27/96 $8,580
Aaron & Wright 6/3/96 $37,706
Inspection & Valuation International 6/10/96 $67,400
Edward H. Kulijan Associates Inc. 6/11/96 $165,500
450 Work Complete EMG 6/26/96 $0
3,000 3,750 Eckland 7/12/96 $29,500
Eckland 11/20/95 $718,855
EMG 4/17/96 $0
Aaron & Wright 7/2/96 $72,910
Aaron & Wright Technical Services 7/22/96 $24,000
450 563 Eckland 1/23/96 $49,250
Eckland Consultants, Inc. 7/30/96 $11,165
Aaron & Wright 3/14/96 $500
Aaron & Wright 5/29/96 $12,000
Aaron & Wright 7/8/96 $197,709
Todd & Associates 5/14/96 $27,540
EMG 6/6/96 $2,900
1,700 EMG 3/25/96 $0
</TABLE>
Page 18
<PAGE>
PROPERTIES
<TABLE>
<S> <C> <C> <C>
CB Commercial 02/08/96 EcklandAqua Terra
Clobus, McLemore & Duke, Inc 06/24/96 EMG 7/2/96
James Ratkovich & Associates, Inc. 07/31/96 Project Resources, Inc. 7/31/96
Aaron & Wright Technical Services 06/14/96 Aaron & Wright Technical Services 6/20/96
Valuation International, Ltd. 04/19/96 EMG 4/15/96
Aaron & Wright 11/09/95 Eckland 11/30/95
Capital Valuation Group 04/01/96 EMG 4/1/96
Capital Valuation Group 05/30/96 EMG 5/16/96
Capital Valuation Group 03/01/96 EMG 5/15/96
Alliance Advisory Group, Inc. 07/30/96 Building Diagnostics 6/6/96
John C. Hottle & Associates 07/19/96 Eckland 8/1/96
Pacific Real Estate Advisors 05/04/96 Consulting Solutions, Inc 4/12/96
Johnson Realty Services 01/30/96 Eckland 12/15/95
Van Court & company 06/14/96 Eckland 6/20/96
Arthur Anderson 05/31/96 Paragon 7/10/96
Aaron & Wright 05/13/96 Aaron & Wright 6/10/96
Burke, Hansen, Inc. 12/07/95 Eckland 1/31/96
Aaron & Wright 06/12/96 EMG 6/24/96
Ratkovich & Associates 07/22/96 EMG 7/22/96
Hospitality Appraisal Services, LLC 03/11/96 Eckland 3/11/96
Binswanger Real Estate 07/25/96 EMG 8/2/96
CB Commercial 08/01/96 Eckland Consultants, Inc. 8/14/96
Gary H. Kent Inc. 01/04/96 Eckland 6/22/96
Aaron & Wright 02/06/96 Aaron & Wright 2/16/96
Dargan, Whitington & Maddox, Inc. 05/07/96 Eckland Consultants, Inc. 4/22/96
Arthur Gimmy International 09/01/96 AllWest Environmental, Inc. 9/11/96
Aaron & Wright 09/13/96 Eckland Cosultants 9/19/96
Bradley & Company Appraisers, Inc. 07/31/96 Property Solutions, Inc 7/17/96
Hospitality Valuation Services 07/01/96 LAW Engineering & Environmental Services 8/14/96
Terracon Consultants Western, Inc. 7/31/96
Terracon Consultants Western, Inc. 7/31/96
Terracon Consultants Western, Inc. 7/31/96
Terracon Consultants Western, Inc. 7/31/96
Terracon Consultants Western, Inc. 7/31/96
Terracon Consultants Western, Inc. 7/31/96
Adams Consulting Engineers, Inc. 1/1/96
Adams Consulting Engineers, Inc. 1/1/96
Adams Consulting Engineers, Inc. 1/1/96
Adams Consulting Engineers, Inc. 1/1/96
Aaron & Wright 07/26/96 Aaron & Wright 8/5/96
CB Commercial Real Estate Group, Inc. 01/10/96 EMG 1/15/96
Aaron & Wright 07/30/96 EMG 1/18/96
</TABLE>
<TABLE>
<S> <C> <C> <C> <C>
$257,878/yr. for asbestos Eckland 2/27/96 $231,669
2,250 2,250 EMG 7/2/96 $42,000
180,000 180,000 Project Resources, Inc. 8/2/96 $24,670
Aaron & Wright Technical Services 6/19/96 $1,250
900 1,125 EMG 4/3/96 $7,095
Eckland 11/30/95 $5,300
450 Work Complete EMG 4/17/96 $0
EMG 4/29/96 $0
450 Work Complete EMG 6/4/96 $0
Building Diagnostics 6/6/96 $124,750
Eckland 8/2/96 $92,200
Consulting Solutions, Inc. 4/15/96 $54,282
Eckland 11/29/95 $6,500
Eckland 6/20/96 $6,500
Paragon 7/10/96 $0
Aaron & Wright 5/13/96 $29,250
Eckland 11/30/95 $4,325
450 Work Complete EMG 6/28/96 $2,700
450 EMG 7/22/96 $22,500
Eckland 3/8/96 $79,900
900 Work Complete EMG 8/1/96 $35,690
6,264 6,264 Eckland Consultants, Inc. 8/28/96 $11,125
Eckland 6/22/96 $42,200
Aaron & Wright 2/16/96 $36,250
Eckland Consultants, Inc. 4/22/96 $45,250
Eckland 7/3/96 $0
Eckland 9/19/96 $0
Property Solutions Inc 7/25/96 $35,000
LAW Engineering & Environmental Services 8/14/96 $1,000
Abacus Project Management, Inc. 7/30/96 $122,000
Abacus Project Management, Inc. $98,480
Abacus Project Management, Inc. 7/29/96 $6,750
Abacus Project Management, Inc. 7/22/96 $186,800
Abacus Project Management, Inc. 7/30/96 $117,700
Abacus Project Management, Inc. 7/29/96 $308,000
F.C.G. Building Consultants, Inc. 7/27/93 $15,697
F.C.G. Building Consultants, Inc. 7/27/93 $24,315
F.C.G. Building Consultants, Inc. 7/27/93 $56,210
Adams Consulting Engineers 7/1/94 $13,240
Aaron & Wright 8/5/96 $22,570
EMG 1/22/96 $10,500
EMG 1/22/96 $50,500
</TABLE>
Page 19
<PAGE>
PROPERTIES
<TABLE>
<S> <C> <C> <C>
CB Commercial Real Estate Group 01/12/96 EMG 1/15/96
Aaron & Wright Inc. 07/26/96 Aaron & Wright 8/5/96
Aaron & Wright 07/29/96 Aaron & Wright 8/5/96
CB Commercial Real Estate Group 01/31/96 EMG 1/17/96
CB Commercial Real Estate Group 01/11/96 EMG 1/11/96
Nationwide Environmental Consultants 8/21/96
Nationwide Environmental Consultants 8/9/96
Nationwide Environmental Consultants 8/21/96
Nationwide Environmental Consultants 8/7/96
Nationwide Environmental Consultants 8/21/96
Whicomb Real Estate 04/22/96 Eckland 5/3/96
Whicomb Real Estate 04/23/96 Eckland 5/3/96
CB Commercial 08/01/96 Eckland 8/8/96
Aaron & Wright 01/04/96 Aaron & Wright 1/9/96
Butler Burgher 08/13/96 EMG 8/12/96
C. Beyer Associates 07/26/96 Eckland Consultants 8/13/96
Aaron & Wright 12/28/95 EMG 1/9/96
Grubbb & Ellis 07/31/95 Eckland 9/21/95
Aaron & Wright 09/30/95 Aaron & Wright 10/9/95
Arthur Anderson 11/07/95 Paragon 11/22/95
</TABLE>
<TABLE>
<S> <C> <C> <C> <C>
EMG 1/15/96 $7,000
Aaron & Wright 8/5/96 $34,025
Aaron & Wright 8/5/96 $29,250
EMG 1/10/96 $0
EMG 1/11/96 $600
Carrera 8/26/96 $1,000
Carrera 8/26/96 $2,000
Carrera 8/26/96 $1,000
Carrera 8/27/96 $6,800
Carrera 8/26/96 $0
Eckland 5/3/96 $4,000
Eckland 5/3/96 $6,000
Eckland 8/8/96 $7,000
Aaron & Wright 1/9/96 $0
EMG 8/9/96 $2,395
Eckland Consultants 8/9/96 $5,225
450 EMG 1/15/96 $0
Eckland 9/21/95 $10,100
2,336 2,920 Aaron & Wright 10/9/95 $198,400
900 Paragon 1/16/96 $35,455
</TABLE>
Page 20
<PAGE>
PROPERTIES (Continued)
<TABLE>
<CAPTION>
ENG_ACT_UPFRONT U/W_ONGOING ENG_SUG_ONGOING ENG_ACT_ONGOING ACT_RES_PER_UNIT
--------------- ----------------- --------------- --------------- ----------------
<S> <C> <C> <C> <C>
$0 0.05 15,510 4% 4%
$14,614 0 65,245 4% 4%
$32,125 0.05 36,598 4% 4%
$52,250 0.05 29,508 4% 4%
$93,154 0 41,410 4% 4%
$0 0.05 35,005 4% 4%
$63 0.05 19,112 4% 4%
$781 0.05 18,200 4% 4%
$84,063 0.05 127,694 4% 4%
$63,618 0.05 40,319 4% 4%
$7,250 0.05 33,909 4% 4%
$39,125 0.05 45,277 4% 4%
$938 .20 / sf 1,116 4% 4%
$0 0.05 22,489 4% 4%
$22,438 0.05 23,524 4% 4%
$24,375 0 43,896 4% 4%
$81,013 180,000 180,000 0.42
$10,625 12,957 14,253 0.25
$24,375 0.23 3,492 0.20 psf 0.20
$43,750 0.38 18,380 18,360 0.38
$2,425 .15 / sf 0 3,671 0.15
$4,375 .15 / sf 0 11,544 0.15
$7,500 0 32,951 0.15
$67,844 11,647 16,052 0.20
$0 0 14,398 0.15
$51,938 0.05 70,708 5% 5%
$81,225 0.05 49,325 5% 5%
$57,296 0.05 42,104 5% 5%
$64,500 0.05 52,014 5% 5%
$35,635 0.05 49,894 5% 5%
$4,175 0.05 49,754 5% 5%
$151,625 375/unit + .31/sf 3,698 7,500 .31/sf
$66,469 271 / unit 36,320 36,320 271
$164,125 250 / unit 45,563 51,259 245
$308,074 250 / unit 36,063 40,000 250
$306,478 250 / unit 140,493 140,496 234
$16,375 25 / pad 0
$0 25 / pad 0
$0 25 / pad 0
</TABLE>
PROPERTIES (Continued)
<TABLE>
<CAPTION>
NOTES LENDER_ATTY ANCHOR1
----- ----------- -------
<S> <C> <C>
Seasonality reserve Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Seasonality Escrow
Seasonality Reserve Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Seasonality Escrow
Seasonality Reserve
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Seasonality Reserve Cadwalader, Wickersham & Taft
Dechert Price and Rhodes
Cadwalader, Wickersham & Taft
Rollover up-front holdback $300,000 Cadwalader, Wickersham & Taft
Rollover escrowed ($30,000) Cadwalader, Wickersham & Taft Minyard Food Stores
Staples
Hechinger's
Cadwalader, Wickersham & Taft Home Base
Cadwalader, Wickersham & Taft Circuit City
Cadwalader, Wickersham & Taft United Artists
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
</TABLE>
Page 21
<PAGE>
PROPERTIES (Continued)
<TABLE>
<CAPTION>
ENG_ACT_UPFRONT U/W_ONGOING ENG_SUG_ONGOING ENG_ACT_ONGOING ACT_RES_PER_UNIT
--------------- ----------------- --------------- --------------- ----------------
<S> <C> <C> <C> <C>
$38,125 25 / pad 0
$0 25 / pad 0
$12,919 25 / pad 0
$135,000 35 / pad 0 6,930 35
$0 25 / pad 0
$0 25 / pad 0
$10,625 25 / pad 5,404
$60,000 25 / pad 0
$5,883 25 / pad 4,022 4,375 25
$29,000 25 / pad 0
$10,625 25 / pad 0
$0 25 / pad 0
$5,700 25 / pad 0
$63,125 25 / pad 0
$10,000 25 / pad 0
$9,063 25 / pad 0
$36,125 25 / pad 0
$158,938 25 / pad 0
$76,313 25 / pad 0
$303,000 250/ unit 245,350 294,300 300
$235,060 250/ unit 140,490 250/unit 250
$31,088 250/ unit 40,379 40,379 231
$384,376 266 / unit 45,561 45,561 266
$92,238 250/ unit 89,124 89,123 243
$10,725 200 / unit 10,974 15,200 200
$47,133 290/ unit 53,443 53,443 290
$92,500 .15 /sf 19,672 29,007 0.15
$206,875 .16 / sf 39,654 109,441 0.16
$0 .20 / sf 4,821 17,342 0.20
$36,875 4.5% 86,041 4% 4%
$898,569 4.0% 93,795 4% 4%
$0 5.0% 80,127 4% 4%
$91,125 5.0% 45,904 4% 4%
$26,876 5.0% 34,760 4% 4%
$61,563 5.1% 189,184 4% 4%
$13,956 5.0% 61,763 4% 4%
$0 .23 / sf 15,936 20,152 0.23
$15,000 .20 / sf 13,036 14,023 0.20
$247,136 .15 / sf 8,150 15,120 0.19
$34,425 25 / pad 0
$0 .20 / sf 13,369 21,912 0.20
$0 287 / unit 19,328 21,527 287
</TABLE>
PROPERTIES
<TABLE>
<CAPTION>
NOTES LENDER_ATTY ANCHOR1
----- ----------- -------
<S> <C> <C>
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Seasonality (upfront) $63,000 Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Seasonality (upfront) $94,000 Cadwalader, Wickersham & Taft
Seasonality (upfront) $12,500 Cadwalader, Wickersham & Taft
Dechart Price & Rhodes
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Weil, Gothesol
King & Spaulding
Cadwalader, Wickersham & Taft Bolsa Supermarket
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Seasonality Reserve Piper & Marbury
Seasonality Reserve $45,000 Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Seasonality Reserve Cadwalader, Wickersham & Taft
Rollover Reserve $62,691 Cadwalader, Wickersham & Taft Roomstores
Cadwalader, Wickersham & Taft Reay's
Cadwalader, Wickersham & Taft Georgia Carpet Outlet
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft Drug Emporium
Cadwalader, Wickersham & Taft
</TABLE>
Page 22
<PAGE>
PROPERTIES (Continued)
<TABLE>
<CAPTION>
ENG_ACT_UPFRONT U/W_ONGOING ENG_SUG_ONGOING ENG_ACT_ONGOING ACT_RES_PER_UNIT
--------------- ----------------- --------------- --------------- ----------------
<S> <C> <C> <C> <C>
$289,586 .20 / sf 42,071 82,301 0.20
$52,500 .27 / sf 50,811 88,629 0.47
$24,670 .15 / sf 22,116 34,225 0.15
$0 .29 /sf 12,827 12,827 0.27
[$8,870] .25 / sf 8,721 10,075 0.25
[ $0 ] .23 / sf 1,118 8,545 0.20
[ $0 ] $250 (based on 341 beds) 77,989 85,250 $250 (based on 341 beds)
[ $0 ] $250 / bed 12,563 29,250 250
$0 250 / bed 6,225 21,000 250
$155,938 276 / room 54,818 56,700 225
$115,250 250 /unit 57,583 57,583 229
$67,853 325 / unit 23,541 26,650 325
$8,126 25 / pad 0
$8,125 25 / pad 0
$0 5.0% 13,935 4% 4%
$36,563 5.0% 33,495 4% 4%
$5,408 5.0% 19,292 4% 4%
$0 5.0% 31,302 4% 4%
$28,125 5.0% 26,769 4% 4%
$64,500 5.0% 70,364 4% 4%
$44,613 233 / unit 16,740 16,740 233
$13,906 250 / unit 6,529 21,600 200
$52,750 287 / unit 57,137 57,137 289
$45,313 5.0% 48,236 4% 4%
$56,563 5.0% 47,905 4% 4%
$425,625 0 52,425 .20 retail + .15 parking
$0 .20 / sf 18,688 64,072 $.20 psf
$43,750 .20 / sf 33,523 33,523 0.20
$0 0.05 79,200 4% 4%
$128,100 62,999 67,000 250
$103,404 49,588 53,000 250
$7,088 42,307 45,000 250
$196,140 101,763 105,000 250
$123,585 59,895 64,000 250
$323,400 92,336 98,000 250
[ $19,622 ] 0 50,000 250
[ $30,393 ] 0 41,000 250
[ $70,263 ] 0 32,000 250
[ $16,551 ] 0 81,500 250
$22,570 .29 / sf 16,809 18,054 0.28
$10,500 .15 / sf 15,255 24,451 0.15
$50,500 .16 / sf 8,256 7,561 0.16
</TABLE>
PROPERTIES (Continued)
<TABLE>
<CAPTION>
NOTES LENDER_ATTY ANCHOR1
----- ----------- -------
<S> <C> <C>
Seasonality reserve of $689,149 First Tennessee
Rollover Reserve (10k/mo to 350,000 Cadwalader, Wickersham & Taft Percession Responce Corp.
Stater Brothers
Cadwalader, Wickersham & Taft UT Pediatrics
Cadwalader, Wickersham & Taft I. Goldberg
Seasonality reserve of $100,000, $25K at closing,
$100K/yr for first 12 mos, then $50K for remainder Cadwalader, Wickersham & Taft NTW
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Seasonality reserve of $40,000 Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham &
Taft Kaye, Scholer,
Fieman, Hayes & Handler
Kaye, Scholer, Fieman,
Hayes & Handler Kaye,
Scholer, Fieman, Hayes &
Handler Kaye, Scholer,
Fieman, Hayes & Handler
Kaye, Scholer, Fieman,
Hayes & Handler Kaye,
Scholer, Fieman, Hayes &
Handler
Milbank, Tweed, Hadley & McCloy
Brookshire's
Winn Dixie
Family Dollar
</TABLE>
Page 23
<PAGE>
PROPERTIES (Continued)
<TABLE>
<CAPTION>
ENG_ACT_UPFRONT U/W_ONGOING ENG_SUG_ONGOING ENG_ACT_ONGOING ACT_RES_PER_UNIT
--------------- ----------------- --------------- --------------- ----------------
<S> <C> <C> <C> <C>
$7,000 .15 / sf 8,937 13,410 0.15
$34,025 .22 / sf 17,624 17,624 0.21
$29,250 .18 / sf 10,199 11,058 0.18
$0 .15 / sf 12,793 12,793 0.15
$600 .15 / sf 10,957 17,658 0.15
$1,250 .15 / sf 0 0.15 psf 0.15
$2,500 .15 / sf 0 0.15 psf 0.15
$1,250 .15 / sf 0 0.15 psf 0.15
$8,500 .15 / sf 0 0.15 psf 0.15
$0 .15 / sf 0 0.15 psf 0.15
$5,000 25 / pad 0
$7,500 25 / pad 0
$8,750 250 / unit 25,707 36,600 200
$0 0.04 13,470 4% 4%
$0 3,853 3,853 0.23
$6,531 13,364 17,149 0.23
$0 0.05 30,783 4% 4%
$12,625 0.05 14,815 4% 4%
$251,650 250 / unit 32,962 36,500 250
$119,899 0.05 38,303 4% 4%
8,621,056
</TABLE>
PROPERTIES (Continued)
<TABLE>
<CAPTION>
NOTES LENDER_ATTY ANCHOR1
----- ----------- -------
<S> <C> <C>
Fleming Foods
Shop & Save
Scrivner
Minyard
Bud's
Cadwalader, Wickersham & Taft
Rollover reserve of $1,000 per month Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft
Seasonality Reserve
</TABLE>
Page 24
<PAGE>
PROPERTIES
<TABLE>
<CAPTION>
ANCHOR1_SF ANCHOR2 ANCHOR2_SF ANCHOR3 ANCHOR3_SF ANCHOR4 ANCHOR4_SF SEASONALITY ROLLOVER
-------------------------
<C> <C> <C> <C> <C> <C> <C> <C> <C>
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes A rollover reserve of
$130,000 was escrowed at
closing
Yes
Yes
Upfront Rollover Reserve
= $100,000
Upfront = $300,000.
$116,000 annually to max.
$300,000
24000 Upfront $30,000; Grows at
$2,500/mo. up to
$100,000. Renewal of
Minyard's Lease drops it
to $30,000
17623 Blockbuster 6850 $30,000 for Rollover
Reserve
61764
113932 Edwards Theatre 35000
36703 $2,000 per month on an
on-going basis up to
$50,000
37632
Yes
</TABLE>
Page 25
<PAGE>
PROPERTIES
<TABLE>
<C> <C> <C> <C> <C> <C> <C> <C> <C>
Yes
Yes
Yes
20190 $85,000 upfront plus
$5,000/mo. up to
$175,000
Yes
Yes
Yes
Yes
Yes
Yes
30799 Kinko's 6435 Blockbuster Video 6434 Urban Living 5299 $62,691 upfront with a
cap at $175,000
16510 Bullards 8330 Millies Pancake House 7726 $2,900/mo. up to $50,000
28800 NHD Hardware 20270 Branch Avenue Liquors 9232 Family Dollar 7500 $2,500/mo. up to $50,000
31845 Eastgate Theatre 31305 Hancock Fabrics 10535 Chuck E. Cheese 9100 Upfront $125,000 with
$20,000 for 1996, and
$105,000 in 1997.
</TABLE>
Page 26
<PAGE>
PROPERTIES
<TABLE>
<C> <C> <C> <C> <C> <C> <C> <C> <C>
204664 Baker, Donelson 62619 Arthur Andersen 16778 Monthly contributions of
$457,331/yr. with no max.
for rollover reserve
???? Florida National Guard 13604 Republic National Bank 9296 $10,000 upfront with
$10,000/mo. until it
reaches $350,000
33580 Thrifty Jr. 9000
5005 Medplex Labs 4500 $2,000/mo. up to $35,000
21200
11000 $25,000 upfront with
$100,000 to be escrowed
in first year and $50,000
thereafter
Yes
Yes
$311,200 upfront PIP
reserve
26600 Family Dollar 8450 Dollar General 7680
45500 Dollar General 7516
8050
</TABLE>
Page 27
<PAGE>
PROPERTIES
<TABLE>
<C> <C> <C> <C> <C> <C> <C> <C> <C>
40500 Eckerd Drug 8640 Dollar General 7000
12050 Family Dollar 8000 Eckerd Drug 6000
24548 Eckerd Drug 8450 Dollar General 10000
46046 Family Dollar 8450
65522 Lapasado 10800
Yes
$1,000 upfront with
$1,000/mo. until cap at
$25,000
$5,000/mo. up to $100,000
Yes
</TABLE>
Page 28
<PAGE>
================================================================================
ASC 1996 D3
Property Types
[THE FOLLOWING TABLE IS PRESENTED AS A PIE CHART IN THE PRINTED MATERIAL]
Multifamily .................................................... 29%
Hotel .......................................................... 27%
Retail ......................................................... 15%
Office ......................................................... 13%
MHP ............................................................ 6%
Mixed .......................................................... 4%
Industrial ..................................................... 3%
Nursing ........................................................ 3%
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Office Sector
o Strong growing demand for office space
has been fueled by considerable
expansion in the business sector during
the 1990's.
o There was an estimated 7% increase in
Office rents overall last year.
o In 21 of the largest 56 markets,
downtown office rents rose more than 5%
over the past year.
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Rent & Price Increases in Real Estate Markets
March 1996
- --------------------------------------------------------------------------------
APARTMENTS CBD OFFICE RETAIL
- --------------------------------------------------------------------------------
# of Markets # of Markets # of Markets
- --------------------------------------------------------------------------------
Prices Rents Prices Rents Prices Rents
- --------------------------------------------------------------------------------
Healthy (5%+) 18 8 12 21 3 17
- --------------------------------------------------------------------------------
Rebounding (2% to 5%) 14 24 12 17 13 12
- --------------------------------------------------------------------------------
Stabilizing (-2% to 2%) 15 16 27 13 35 22
- --------------------------------------------------------------------------------
Declining (-5% to -2%) 5 5 3 3 2 3
- --------------------------------------------------------------------------------
Poor (-5%+) 1 1 2 2 1 0
- --------------------------------------------------------------------------------
Source: National Real Estate Index
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
National Office Rent Growth
[THE FOLLOWING TABLE IS PRESENTED AS A BAR GRAPH IN THE PRINTED MATERIAL]
1981 ........................................................ 0.145
1982 ........................................................ 0.0775
1983 ........................................................ -0.03
1984 ........................................................ 0.06
1985 ........................................................ 0.02
1986 ........................................................ -0.05
1987 ........................................................ -0.023
1988 ........................................................ 0.033
1989 ........................................................ 0.05
1990 ........................................................ 0.002
1991 ........................................................ -0.035
1992 ........................................................ -0.04
1993 ........................................................ -0.06
1994 ........................................................ 0.034
1995 ........................................................ 0.07
1996 ........................................................ 0.082
1997 ........................................................ 0.097
1998 ........................................................ 0.096
1999 ........................................................ 0.09
2000 ........................................................ 0.075
2001 ........................................................ 0.065
Source: CB/Torto Wheaton Research
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Delinquency Rates by Sector
Q2 1996
- --------------------------------------------------------------------------------
Sector Rate (%) 4 Quarter Change In 1 Quarter Change in
Rate (%) Rate (%)
- --------------------------------------------------------------------------------
Apartment 0.99 -0.7 0.05
- --------------------------------------------------------------------------------
Retail 1.82 -0.45 -0.12
- --------------------------------------------------------------------------------
Industrial 1.77 -2.45 0.14
- --------------------------------------------------------------------------------
Office 4.27 -0.35 0.74
- --------------------------------------------------------------------------------
Hotels 2.67 -3.85 -1.41
- --------------------------------------------------------------------------------
Total Commercial 2.59 -0.99 0.24
- --------------------------------------------------------------------------------
Source: ACLI
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Office Total Rate of Return & Delinquency
[THE FOLLOWING TABLE IS PRESENTED AS A LINE GRAPH IN THE PRINTED MATERIAL]
Year Total Return Delinquency
---- ------------ -----------
1988 ..................... 4.18% 2.43%
1988 ..................... 5.39 2.81
1988 ..................... 5.60 2.48
1988 ..................... 5.99 2.35
1989 ..................... 6.02 2.36
1989 ..................... 6.75 2.87
1989 ..................... 5.97 3.05
1989 ..................... 4.76 2.64
1990 ..................... 4.30 3.34
1990 ..................... 3.24 3.58
1990 ..................... 2.49 4.05
1990 ..................... -0.87 4.57
1991 ..................... -2.51 5.46
1991 ..................... -4.46 6.22
1991 ..................... -6.14 6.76
1991 ..................... -11.30 7.03
1992 ..................... -10.88 8.05
1992 ..................... -11.70 9.49
1992 ..................... -11.47 9.50
1992 ..................... -8.26 8.52
1993 ..................... -7.78 8.49
1993 ..................... -7.54 7.89
1993 ..................... -6.15 7.50
1993 ..................... -3.90 5.73
1994 ..................... -3.48 6.51
1994 ..................... -0.07 6.49
1994 ..................... -0.27 5.48
1994 ..................... 3.82 4.48
1995 ..................... 4.99 4.86
1995 ..................... 5.45 4.61
1995 ..................... 7.34 4.32
1995 ..................... 7.24 3.49
1996 ..................... 7.86 3.53
Returns based on a 4-quarter moving average
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
ASC 1996 D3
Office Sector
[THE FOLLOWING TABLE IS PRESENTED AS A PIE CHART IN THE PRINTED MATERIAL]
CA ............................................................. 45%
GA ............................................................. 23%
NY ............................................................. 19%
FL ............................................................. 6%
TN ............................................................. 6%
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
ASC 1996 D3
Office Sector
o 7 Loans totalling $100,671,000
- average Loan size $10.3mm
o Weighted Avg LTV 65%
- Ranging from 46% - 71%
o Weighted Avg DSCR 1.40x
- Ranging from 1.28x - 1.76x
o Weighted Avg Coupon 9.3%
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
ASC 1996 D3
Office Sector
Atlanta Decorative Arts Center, Atlanta, GA
o $23,100,00 - DSCR 1.37x - LTV 56%.
o FW Dodge reports, "Atlanta's growth will
rank as the fifth strongest in the
country over the next few years."
o Population growth is expected to average
2.3% per year, almost 2.5x the national
average.
o Since 1982, the level of office
employment in Atlanta has grown at a
faster pace than the nation.
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Relative Office Employment Performance
Atlanta vs. U.S.
[THE FOLLOWING TABLE IS PRESENTED AS A LINE GRAPH IN THE PRINTED MATERIAL]
NO DATA AVAILABLE FOR LINE CHART
Source: CB/Torto Wheaton, "Office Outlook," Spring 1996
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Atlanta Decorative Arts Center
Principal Amount: $23,100,000
DSCR: 1.34X
LTV: 56% Balloon LTV: 45%
Built/Expansion: 1960/1970/1980/1984/1986
Occ: 95% (based on historical occ. for past 5 yrs)
Lock Box: Yes - Hard
Property Description: The property contains 430,363 sf of showroom
space and is located in Buckhead. The property has over 75
tenants consisting of all of the major designers and decorators
in the area, and is the leader in the SE. Superior historical
tenant retention.
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Sacramento Corporate Center
Principal Amount: $16,600,000
DSCR: 1.33X
LTV: 68%
Built: 1982
Occ: 95%
Borrower: LP formed by the Steinhardt Group
Property Description: The property consists of 193,380 sf. It is a
6-story class A office building in the CBD of Sacramento. There
is a mixture of State, Federal and private sector tenants.
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Malibu Canyon Corporate Center
o $25 mm loan on 7 Bldgs. containing
320,358 s.f.
o DSCR: 1.44X LTV: 69%
o Built in 2 phases completed in 1986 &
1991
o Occupancy: 95%
o Located in Calabasas, CA
o Calabasas sub-market has one of the
highest demographic ratings (97 out of
100).
o Major tenants include Xyland Corp.,
Prudential, Allstate, Motorola, Western
Data, Superior National, and UniCare
Financial.
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
1010 Northern Boulevard
o $19.5 mm loan.
o DSCR: 1.26X LTV: 72%
o Built in 1985 and contains 167,614
o Occupancy: 99%
o Located in Great Neck, NY
o Major tenants include State Farm Mutual
Insurance, North Shore Cardiology
Assoc., The J.B. Sutton Group and
Equifax Services.
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Preliminary-Subject to Change
Asset Securitization Corporation
Series 1996-D3
$807,106,842
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Preliminary-Subject to Change
ASC 1996-D3
Loans Newly Originated For Securitization
-----------------------------------------
Locked Out principal payments: 99% of life
Servicer: Amresco
Fixed Rate Notes: 115
Properties: 145
Amortization Schedules:
Balloons: 17% of the Pool; 27 Loans
Effective Balloons: 81% of the Pool; 81 Loans
Fully Amortizing: 2% of the Pool; 7 Loans
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Preliminary-Subject to Change
The Securities
Public
Principal Initial Price Avg. Mod.
Class Rating Amount Coupon Talk Life Dur. DSCR LTV Sub
- --------------------------------------------------------------------------------
A-1A AAA $70.7 7.35% 101-16 3.4 2.9 2.06 47% 30%
fixed
- --------------------------------------------------------------------------------
A-1B AAA $163.5 7.62% 101-16 7.1 5.3 2.06 47% 30%
fixed
- --------------------------------------------------------------------------------
A-1C AAA $357.0 7.74% 101-16 10.2 6.8 2.06 47% 30%
fixed
- --------------------------------------------------------------------------------
A-2 AA $59.5 7.78% 101-16 14.3 8.4 1.87 52% 23%
WAC
- --------------------------------------------------------------------------------
A-3 A $38.3 7.92% 101-24 14.7 8.4 1.73 56% 17%
WAC
- --------------------------------------------------------------------------------
A-4 BBB $42.5 8.12% 101-00 14.8 8.3 1.66 58% 13%
WAC
- --------------------------------------------------------------------------------
Coupon Strip
- --------------------------------------------------------
A-CS1 AAA $70.7 1.80% 2.2c 1.9
$3.6 WAC
Proceeds
- --------------------------------------------------------
A-CS2 AAA $660.9 1.41% 5.5c 4.3
$62.2 WAC
Proceeds
- --------------------------------------------------------
* LTVs and DSCRs are weighted averages.
** All numbers are approximate.
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Preliminary-Subject to Change
ASC-D3
Bond Class Paydown
[THE FOLLOWING TABLE IS PRESENTED AS A BAR GRAPH IN THE PRINTED MATERIAL]
A1 AAA A1B AAA A1C AAA A2 AA A3 A A4 BBB B1 BB B2 B B3A UR
------ ------- ------- ----- ---- ------ ----- ---- ------
10/21/96 ..... 0 0 0 0 0 0 0 0
10/14/97 ..... 8.82 0 0 0 0 0 0 0 0
10/14/98 ..... 9.68 0 0 0 0 0 0 0 0
10/14/99 ..... 10.62 0 0 0 0 0 0 0 0
10/14/00 ..... 11.59 0 0 0 0 0 0 0 0
10/14/01 ..... 12.78 0 0 0 0 0 0 0 0
10/14/02 ..... 14.03 0 0 0 0 0 0 0 0
10/14/03 ..... 3.19 122.39 0 0 0 0 0 0 0
10/14/04 ..... 0 14.96 0 0 0 0 0 0 0
10/14/05 ..... 0 16.49 0 0 0 0 0 0 0
10/14/06 ..... 0 9.66 290.24 0 0 0 0 0 0
10/14/07 ..... 0 0 12.37 0 0 0 0 0 0
10/14/08 ..... 0 0 14.87 0 0 0 0 0 0
10/14/09 ..... 0 0 37.98 0 0 0 0 0 0
10/14/10 ..... 0 0 1.54 14.05 0 0 0 0 0
10/14/11 ..... 0 0 0 45.5 38.28 42.53 68.05 11.75 0
10/14/12 ..... 0 0 0 0 0 0 0 5.93 0
10/14/13 ..... 0 0 0 0 0 0 0 12.09 8.53
10/14/14 ..... 0 0 0 0 0 0 0 0 2.32
10/14/15 ..... 0 0 0 0 0 0 0 0 2.54
10/14/16 ..... 0 0 0 0 0 0 0 0 6.65
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Preliminary-Subject to Change
Property Type Diversification
[THE FOLLOWING TABLE IS PRESENTED AS A PIE CHART IN THE PRINTED MATERIAL]
Multifamily ...................................................... 28%
Hotel ............................................................ 27%
Retail ........................................................... 19%
Office ........................................................... 13%
MHP .............................................................. 6%
Nursing .......................................................... 3%
Industrial ....................................................... 3%
Mixed ............................................................ 1%
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Preliminary-Subject to Change
Geographic Diversification
[THE FOLLOWING STATE LEVEL PERCENTAGES ARE SUPERIMPOSED ON
A SIMPLE MAP OF THE UNITED STATES IN THE PRINTED MATERIAL]
CA ............................................................... 27%
TX ............................................................... 16%
NV ............................................................... 9%
AZ ............................................................... 7%
GA ............................................................... 5%
FL ............................................................... 4%
PA ............................................................... 4%
OK ............................................................... 4%
MI ............................................................... 3%
NY ............................................................... 3%
MD ............................................................... 3%
NC ............................................................... 2%
NJ ............................................................... 2%
MO ............................................................... 2%
TN ............................................................... 2%
WA ............................................................... 1%
CO ............................................................... 1%
IN ............................................................... 1%
LA ............................................................... 1%
KY ............................................................... 1%
OH ............................................................... 1%
VA ............................................................... 1%
CT ............................................................... 1%
OR ........................................................... less than 1%
UT ........................................................... less than 1%
KS ............................................................less than 1%
WI ............................................................less than 1%
IL ............................................................less than 1%
RI ............................................................less than 1%
o 150 Properties
o 29 States
* % based on principal balance
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Preliminary-Subject to Change
California Concentration
[THE FOLLOWING REGION LEVEL PERCENTAGES ARE SUPERIMPOSED ON
A SIMPLE MAP OF CALIFORNIA IN THE PRINTED MATERIAL]
LA/Orange County ................................................. 16%
Northern ......................................................... 5%
San Francisco .................................................... 3%
San Diego ........................................................ 3%
California Economy Forecast*:
o Personal income expected to rise 6.1% in
1995, 3.5% in 1997 and 2.5% in 1998
o Retail sales expected to rise 5.9%
* Forecasts provided by the UCLA Business Forecasting Project
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Preliminary-Subject to Change
Weighted Average LTVs
[THE FOLLOWING TABLE IS PRESENTED AS A BAR GRAPH IN THE PRINTED MATERIAL]
Multifamily Hotel Retail Office MHP Mixed Ind Nursing
----------- ----- ------ ------ --- ----- --- -------
Original LTV .. 69% 63% 71% 65% 69% 54% 65% 70%
Balloon LTV* .. 50% 52% 58% 48% 50% 42% 54% 53%
* Balloon LTV assumes scheduled amortization through Balloon Date or the
Effective Maturity Date and constant property value
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Preliminary-Subject to Change
Weighted Average DSCRs
1.44x Wtd Avg.
1.26x-2.25x Range
[THE FOLLOWING TABLE IS PRESENTED AS A BAR GRAPH IN THE PRINTED MATERIAL]
Multifamily Hotel Retail Office MHP Mixed Ind Nursing
----------- ----- ------ ------ --- ----- --- -------
DSCR 1.44 1.53 1.35 1.40 1.41 1.34 1.34 1.59
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Preliminary-Subject to Change
Multifamily Properties
% of Pool: 28%
Principal Balance: $226,794,445
Weighted Avg Rate: 8.56% (7.88%-9.22%)
Loans/Properties: 22/30
Weighted Avg. DSCR: 1.44X (1.28x-2.25x)
Weighted Avg. LTV: 68% (50%-79%)
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Preliminary-Subject to Change
Hotel Properties
% of Pool: 27%
Principal Balance: $219,210,432
Weighted Avg. Rate: 9.85% (9.10%-10.78%)
Loans/Properties: 36/42
Weighted Avg. DSCR: 1.54X (1.33x-2.03x)
Weighted Avg. LTV: 63% (41%-75%)
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Preliminary-Subject to Change
Retail Properties
% of Pool: 19%
Principal Balance: $153,546,965
Weighted Avg. Rate: 9.30% (8.92%-9.89%)
Loans/Properties: 19/31
Weighted Avg. DSCR: 1.35X (1.26x-1.47x)
Weighted Avg. LTV: 71% (44%-76%)
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Preliminary-Subject to Change
Office
% of Pool: 13%
Principal Balance: $100,671,000
Weighted Avg. Rate: 9.34% (8.86%-10.17%)
Loans/Properties: 7/7
Weighted Avg. DSCR: 1.40X (1.31x-1.76x)
Weighted Avg. LTV: 65% (46%-72%)
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Preliminary-Subject to Change
Mobile Home Parks
% of Pool: 6%
Principal Balance: $50,439,000
Weighted Avg. Rate: 9.20% (8.25%-9.94%)
Loans/Properties: 23/27
Weighted Avg. DSCR: 1.41X (1.26x-2.00x)
Weighted Avg. LTV: 69% (45%-77%)
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Preliminary-Subject to Change
Industrial
% of Pool: 3%
Principal Balance: $27,348,000
Weighted Avg. Rate: 9.40% (9.38%&9.58%)
Loans/Properties: 2/2
Weighted Avg. DSCR: 1.34X (1.34x&1.37x)
Weighted Avg. LTV: 65% (58% & 66%)
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Preliminary-Subject to Change
Nursing Properties
% of Pool: 2%
Principal Balance: $21,197,000
Weighted Avg. Rate: 10.37% (9.86%-10.63%)
Loans/Properties: 4/4
Weighted Avg. DSCR: 1.59X (1.34x-1.79x)
Weighted Avg. LTV: 70% (66%-75%)
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Preliminary-Subject to Change
Mixed
% of Pool: 1%
Principal Balance: $7,900,000
Weighted Avg. Rate: 9.70% (9.67%&9.82%)
Properties: 1 Hotel/Retail
1 Retail/Office
Weighted Avg. DSCR: 1.38X (1.31x&1.41x)
Weighted Avg. LTV: 54% (52% & 58%)
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
================================================================================
Preliminary-Subject to Change
ASC 1996-D3 Summary
Loans Newly Originated For Securitization
Fixed Rate Notes: 115
Properties: 145
Locked Out principal payments: 99% of life
Wtd. Avg. DSCR 1.44x
Wtd. Avg. LTV 67%
- --------------------------------------------------------------------------------
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the securities referred to herein in making their investment decision. This
Structural and Collateral Term Sheet does not include all relevant information
relating to the securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an investment in
such securities. All structure and collateral information contained herein is
preliminary and it is anticipated that such information will change. Any
information contained herein will be more fully described in, and will be fully
superseded by, the descriptions of the collateral and structure in the
preliminary prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc., ("Nomura") believes to be reliable.
Nomura makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Nomura and its affiliates may in
the future have a position in the securities discussed herein and may purchase
or sell the same on a principal basis or as agent for another person, In
addition, Nomura may act as an underwriter of such securities, and Nomura and
certain of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers described
herein and their affiliates. Prior to making any investment decision, a
prospective investor shall receive and fully review the Final Prospectus.
NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES.
================================================================================
<PAGE>
- --------------------------------------------------------------------------------
NOMURA SECURITIES INTERNATIONAL, INC. (212) 667-1545
Commercial Mortgage-Backed Securities
ASC 1996-D3 - $790,000,000
Preliminary Structural & Collateral Term Sheet
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Public Securities:
At Issue:
Ratings Principal Amount Initial Spread Approx. Avg. % Life Mod. Principal
Class SP/DCR/Fch Cpn Talk Price Life Lockout Dur. Window DSCR* LTV* Sub.
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
A-1 AAA/AAA/AAA
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
A-2 AA/AA/AA
- ------------------------------------------------------------------------------------------------------------------------------------
A-3 A/A/A
- ------------------------------------------------------------------------------------------------------------------------------------
Private Securities:
- ------------------------------------------------------------------------------------------------------------------------------------
A-4 BBB
S&P/DCR
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
B-1 BB
S&P
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
B-2 B
S&P
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
B-3 Unrated
- ------------------------------------------------------------------------------------------------------------------------------------
Coupon Strips Public Bonds
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
A-CS1 _/AAA/AAA
- ------------------------------------------------------------------------------------------------------------------------------------
A-CS2 _/AAA/AAA
- ------------------------------------------------------------------------------------------------------------------------------------
* LTVs and DSCRs are weighted averages.
</TABLE>
- --------------------------------------------------------------------------------
Issue:
- --------------------------------------------------------------------------------
Asset Securitization Corporation
Commercial Mortgage Pass-Through Certificates,
Series 1996-D3.
The Offering:
$790,000,000 fixed rate commercial mortgage-backed securities.
Original Loan Principal: $
Loan Principal at Cut-off: $
Rating Agencies: Standard & Poor's
Duff & Phelps
Fitch Investors Service
Cut-Off Date: September ___, 1996
Closing Date: September ___, 1996
First Payment Date: October ___, 1996
Scheduled Final Distribution:
This information does not include all relevant information relating to the
securities and collateral described herein, particularly with respect
to the risks and special considerations associated with an investment in such
securities. Additional information can be obtained by: (i) contacting the
servicer or trustee for the securities; and (ii) reviewing filings with the
Securities and Exchange Commission, which include the final prospectus
supplement and additional information subsequently filed, which filings can be
accessed on the world wide web site "http://www.sec.gov." Although certain of
the information contained herein is based on sources which Nomura Securities
International, Inc. ("NSI") believes to be reliable, NSI makes no representation
or warranty that such information is accurate or complete. The delivery of this
information at any date does not imply it is current as of any time subsequent
to such date. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. NSI and its affiliates may have a
position in the securities discussed herein and may purchase or sell the same on
a principal basis or as agent for another person. NSI may have acted as an
underwriter of such securities, and NSI and certain of its affiliates may
currently be providing investment banking and other services to the issuer of
such securities and the borrowers described herein and their affiliates. This
term sheet is provided for information purposes only. Nothing herein should be
considered an offer to sell or a solicitation of an offer to buy any securities.
<PAGE>
- --------------------------------------------------------------------------------
NOMURA SECURITIES INTERNATIONAL, INC. (212) 667-1545
Commercial Mortgage-Backed Securities
ASC 1996-D3 - $790,000,000
Preliminary Structural & Collateral Term Sheet
- --------------------------------------------------------------------------------
Servicer: Amresco
Trustee: LaSalle National Bank
Fiscal Agent: ABN AMRO Bank
Advancing: Yes-Through liquidation
Minimum Denomination: $100,000
Delivery: DTC,CEDEL,Euroclear
Lock Out:
Fixed Interest Rates: ___% WA; __%-__%
Effective Maturity: ___ WAM; 60-300 Mos.
Amortization: ___ WA; 180-360 Mos.
Collateral Breakdown:
Collateral:
____ properties located in ____ states with the largest concentrations in Texas
(___%), California (____%) and Michigan (___%).
Cross-collateralized pools:
Single assets with a balance > $15 mm:
Average property loan balance: $________
Range of property loan balances: $______-$________
Appraised Value: $________
LTV: __% WA; __%-__%
- ----------------- -------------- ------------------ -------------
LTV Range # of Props Amount % of Pool
................. .............. .................. -------------
31% - 40.9%
................. .............. .................. -------------
................. .............. .................. -------------
41% - 50.9%
................. .............. .................. -------------
................. .............. .................. -------------
51% - 60.9%
................. .............. .................. -------------
................. .............. .................. -------------
61% - 70.9%
................. .............. .................. -------------
................. .............. .................. -------------
71% - 80.9%
................. .............. .................. -------------
................. .............. .................. -------------
81% - 90.9%
- ----------------- -------------- ------------------ -------------
% WA
- ----------------- -------------- ------------------ -------------
Debt Service Coverage Ratio: ___X WA; ___ X-___X
This information does not include all relevant information relating to the
securities and collateral described herein, particularly with respect
to the risks and special considerations associated with an investment in such
securities. Additional information can be obtained by: (i) contacting the
servicer or trustee for the securities; and (ii) reviewing filings with the
Securities and Exchange Commission, which include the final prospectus
supplement and additional information subsequently filed, which filings can be
accessed on the world wide web site "http://www.sec.gov." Although certain of
the information contained herein is based on sources which Nomura Securities
International, Inc. ("NSI") believes to be reliable, NSI makes no representation
or warranty that such information is accurate or complete. The delivery of this
information at any date does not imply it is current as of any time subsequent
to such date. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. NSI and its affiliates may have a
position in the securities discussed herein and may purchase or sell the same on
a principal basis or as agent for another person. NSI may have acted as an
underwriter of such securities, and NSI and certain of its affiliates may
currently be providing investment banking and other services to the issuer of
such securities and the borrowers described herein and their affiliates. This
term sheet is provided for information purposes only. Nothing herein should be
considered an offer to sell or a solicitation of an offer to buy any securities.
<PAGE>
- --------------------------------------------------------------------------------
NOMURA SECURITIES INTERNATIONAL, INC. (212) 667-1545
Commercial Mortgage-Backed Securities
ASC 1996-D3 - $790,000,000
Preliminary Structural & Collateral Term Sheet
- --------------------------------------------------------------------------------
................. ............. ................ ------------
DSCR Range # of Props Amount % of Pool
................. ............. ................ ------------
................. ............. ................ ------------
1.24 - 1.339
................. ............. ................ ------------
................. ............. ................ ------------
1.34 - 1.439
................. ............. ................ ------------
................. ............. ................ ------------
1.44 - 1.539
................. ............. ................ ------------
................. ............. ................ ------------
1.54 - 1.639
................. ............. ................ ------------
................. ............. ................ ------------
1.64 - 1.739
................. ............. ................ ------------
................. ............. ................ ------------
1.74 - 1.839
................. ............. ................ ------------
................. ............. ................ ------------
1.84 - 1.939
................. ............. ................ ------------
................. ............. ................ ------------
1.94 - 2.039
................. ............. ................ ------------
................. ............. ................ ------------
2.04 - 2.139
................. ............. ................ ------------
................. ............. ................ ------------
2.14 - 2.239
................. ............. ................ ------------
2.24 - 2.339
................. ............. ................ ------------
2.34 - 2.439
................. ............. ................ ------------
2.94 - 3.039
................. ............. ................ ------------
Total
................. ............. ................ ------------
Property Occupancy:
Hotel: ___% WA; __%-___%
Non-Hotel: __% WA; __%*-____%
Reporting Requirements:
All borrowers are required to provide operating statements and rent rolls on a
quarterly and annual basis.
Miscellaneous:
50% of the pool has an audit, review or compilation.
100% of the properties are owned by an SPC
For 64% of the pool, the borrowers delivered non-consolidation opinions
47% of the properties are subject to lockboxes
This information does not include all relevant information relating to the
securities and collateral described herein, particularly with respect
to the risks and special considerations associated with an investment in such
securities. Additional information can be obtained by: (i) contacting the
servicer or trustee for the securities; and (ii) reviewing filings with the
Securities and Exchange Commission, which include the final prospectus
supplement and additional information subsequently filed, which filings can be
accessed on the world wide web site "http://www.sec.gov." Although certain of
the information contained herein is based on sources which Nomura Securities
International, Inc. ("NSI") believes to be reliable, NSI makes no representation
or warranty that such information is accurate or complete. The delivery of this
information at any date does not imply it is current as of any time subsequent
to such date. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. NSI and its affiliates may have a
position in the securities discussed herein and may purchase or sell the same on
a principal basis or as agent for another person. NSI may have acted as an
underwriter of such securities, and NSI and certain of its affiliates may
currently be providing investment banking and other services to the issuer of
such securities and the borrowers described herein and their affiliates. This
term sheet is provided for information purposes only. Nothing herein should be
considered an offer to sell or a solicitation of an offer to buy any securities.
<PAGE>
- --------------------------------------------------------------------------------
NOMURA SECURITIES INTERNATIONAL, INC. (212) 667-1545
Commercial Mortgage-Backed Securities
ASC 1996-D3 - $790,000,000
Preliminary Structural & Collateral Term Sheet
- --------------------------------------------------------------------------------
Original LTV vs Balloon LTV*:
[GRAPHIC OMITTED]
* Balloon LTV assumes scheduled amortization through the Effective Maturity Date
and constant property value.
Property Type Diversification:
[GRAPHIC OMITTED]
This information does not include all relevant information relating to the
securities and collateral described herein, particularly with respect
to the risks and special considerations associated with an investment in such
securities. Additional information can be obtained by: (i) contacting the
servicer or trustee for the securities; and (ii) reviewing filings with the
Securities and Exchange Commission, which include the final prospectus
supplement and additional information subsequently filed, which filings can be
accessed on the world wide web site "http://www.sec.gov." Although certain of
the information contained herein is based on sources which Nomura Securities
International, Inc. ("NSI") believes to be reliable, NSI makes no representation
or warranty that such information is accurate or complete. The delivery of this
information at any date does not imply it is current as of any time subsequent
to such date. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. NSI and its affiliates may have a
position in the securities discussed herein and may purchase or sell the same on
a principal basis or as agent for another person. NSI may have acted as an
underwriter of such securities, and NSI and certain of its affiliates may
currently be providing investment banking and other services to the issuer of
such securities and the borrowers described herein and their affiliates. This
term sheet is provided for information purposes only. Nothing herein should be
considered an offer to sell or a solicitation of an offer to buy any securities.
<PAGE>
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------
NOMURA SECURITIES INTERNATIONAL, INC. (212) 667-1545
Commercial Mortgage-Backed Securities
ASC 1996-D3 - $790,000,000
Preliminary Structural & Collateral Term Sheet
- --------------------------------------------------------------------------------
Loan Analysis by Property Type*:
- -------------------- ----------------- ------- --------- --------------- --------------- ---------- ------- -------- ----------
Cut-off Loan % of # of Average Loan/units, Coupon LO Rem. Amort.
Property Type Amount Pool Loans Loan Size sf, beds, rms Term Term
- -------------------- ----------------- ------- --------- --------------- --------------- ---------- ------- -------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Multifamily
- -------------------- ----------------- ------- --------- --------------- --------------- ---------- ------- -------- ----------
Hotel
- -------------------- ----------------- ------- --------- --------------- --------------- ---------- ------- -------- ----------
Health Care
- -------------------- ----------------- ------- --------- --------------- --------------- ---------- ------- -------- ----------
MHP
- -------------------- ----------------- ------- --------- --------------- --------------- ---------- ------- -------- ----------
Retail
- -------------------- ----------------- ------- --------- --------------- --------------- ---------- ------- -------- ----------
R & D
- -------------------- ----------------- ------- --------- --------------- --------------- ---------- ------- -------- ----------
Office
- -------------------- ----------------- ------- --------- --------------- --------------- ---------- ------- -------- ----------
Total Wtd Avg:
- -------------------- ----------------- ------- --------- --------------- --------------- ---------- ------- -------- ----------
Collateral Analysis by Property Type*:
- ------------------- --------- ------- ---------- -------- ---------------- --------------- ------------------ -----------------
Total # of Range of Pool
# of # of units, # of Crossed Pooled Props & Balances in
Property Type DSCR LTV Props. Occ. sf, beds, rooms Pools** Range/Pool millions
- ------------------- --------- ------- ---------- -------- ---------------- --------------- ------------------ -----------------
Multifamily
- ------------------- --------- ------- ---------- -------- ---------------- --------------- ------------------ -----------------
Hotel
- ------------------- --------- ------- ---------- -------- ---------------- --------------- ------------------ -----------------
Health Care
- ------------------- --------- ------- ---------- -------- ---------------- --------------- ------------------ -----------------
MHP
- ------------------- --------- ------- ---------- -------- ---------------- --------------- ------------------ -----------------
Retail
- ------------------- --------- ------- ---------- -------- ---------------- --------------- ------------------ -----------------
R & D
- ------------------- --------- ------- ---------- -------- ---------------- --------------- ------------------ -----------------
Office
- ------------------- --------- ------- ---------- -------- ---------------- --------------- ------------------ -----------------
Total WtdAvg:
- ------------------- --------- ------- ---------- -------- ---------------- --------------- ------------------ -----------------
* All calculations are weighted based on cut-off date principal balance.
** Percentages based on principal balance of designated property type.
</TABLE>
This information does not include all relevant information relating to the
securities and collateral described herein, particularly with respect
to the risks and special considerations associated with an investment in such
securities. Additional information can be obtained by: (i) contacting the
servicer or trustee for the securities; and (ii) reviewing filings with the
Securities and Exchange Commission, which include the final prospectus
supplement and additional information subsequently filed, which filings can be
accessed on the world wide web site "http://www.sec.gov." Although certain of
the information contained herein is based on sources which Nomura Securities
International, Inc. ("NSI") believes to be reliable, NSI makes no representation
or warranty that such information is accurate or complete. The delivery of this
information at any date does not imply it is current as of any time subsequent
to such date. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. NSI and its affiliates may have a
position in the securities discussed herein and may purchase or sell the same on
a principal basis or as agent for another person. NSI may have acted as an
underwriter of such securities, and NSI and certain of its affiliates may
currently be providing investment banking and other services to the issuer of
such securities and the borrowers described herein and their affiliates. This
term sheet is provided for information purposes only. Nothing herein should be
considered an offer to sell or a solicitation of an offer to buy any securities.
<PAGE>
- --------------------------------------------------------------------------------
NOMURA SECURITIES INTERNATIONAL, INC. (212) 667-1545
Commercial Mortgage-Backed Securities
ASC 1996-D3 - $790,000,000
Preliminary Structural & Collateral Term Sheet
- --------------------------------------------------------------------------------
Geographic Distribution:
[GRAPHIC OMITTED]
Geographic Concentration by Property Type:
- ------------- ------------- ------------ ------------ ------------ ------------
TX CA* MI IL FL**
- ------------- ------------- ------------ ------------ ------------ ------------
Multifamily
- ------------- ------------- ------------ ------------ ------------ ------------
Hotel
- ------------- ------------- ------------ ------------ ------------ ------------
MHP
- ------------- ------------- ------------ ------------ ------------ ------------
Retail
- ------------- ------------- ------------ ------------ ------------ ------------
Health Care
- ------------- ------------- ------------ ------------ ------------ ------------
R & D
- ------------- ------------- ------------ ------------ ------------ ------------
Office
- ------------- ------------- ------------ ------------ ------------ ------------
* All properties located in California have earthquake insurance.
** All properties located in Florida have hurricane insurance.
This information does not include all relevant information relating to the
securities and collateral described herein, particularly with respect
to the risks and special considerations associated with an investment in such
securities. Additional information can be obtained by: (i) contacting the
servicer or trustee for the securities; and (ii) reviewing filings with the
Securities and Exchange Commission, which include the final prospectus
supplement and additional information subsequently filed, which filings can be
accessed on the world wide web site "http://www.sec.gov." Although certain of
the information contained herein is based on sources which Nomura Securities
International, Inc. ("NSI") believes to be reliable, NSI makes no representation
or warranty that such information is accurate or complete. The delivery of this
information at any date does not imply it is current as of any time subsequent
to such date. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. NSI and its affiliates may have a
position in the securities discussed herein and may purchase or sell the same on
a principal basis or as agent for another person. NSI may have acted as an
underwriter of such securities, and NSI and certain of its affiliates may
currently be providing investment banking and other services to the issuer of
such securities and the borrowers described herein and their affiliates. This
term sheet is provided for information purposes only. Nothing herein should be
considered an offer to sell or a solicitation of an offer to buy any securities.
<PAGE>
- --------------------------------------------------------------------------------
NOMURA SECURITIES INTERNATIONAL, INC. (212) 667-1545
Commercial Mortgage-Backed Securities
ASC 1996-D3 - $790,000,000
Preliminary Structural & Collateral Term Sheet
- --------------------------------------------------------------------------------
Underwriting Standards:
The underwriting of each of the mortgage loans is generally consistent with the
underwriting standards described below:
- --------------------------------------------------------------------------------
Multifamily Property
- --------------------------------------------------------------------------------
Minimum occupancy rate of 85%
Minimum DSCR of 1.20X
Maximum LTV of 80%
No more than 20% of GLA or total income attributable to commercial tenants
Retail Property
Minimum occupancy rate of 85%
Minimum DSCR of 1.28X
Maximum LTV of 75%
Hotel Property
Minimum annual occupancy rate of 60%
Minimum DSCR of 1.40X
Maximum LTV of 70%
Office Property
Minimum annual occupancy rate of 85%
Minimum DSCR of 1.30X
Maximum LTV of 70%
No more than 15% of the leasable space for retail use and 5% for storage
space
Health Care Property
Minimum occupancy rate of 85%
Minimum DSCR of 1.40X
Maximum LTV of 75%
Must have been in operation for a minimum of 12 months
Mobile Home Park
Minimum occupancy rate of 90%
Minimum DSCR of 1.20X
Maximum LTV of 80%
Maximum of 15% of homes for sale
Maximum of 5% of homes rented by residents
R & D
Minimum occupancy rate of 85%
Minimum DSCR of 1.30X
Maximum LTV of 70%
Third Party Reports Required for Each Property:
MAI appraisal prepared within 12 months of origination date
Phase I Environmental Assessment (Phase II completed where appropriate)
Engineering Study including a review of ongoing physical needs
Net Cash Flow Derivation:
Based upon borrower supplied operating information for a recent period
(generally the 12 months prior to the origination date)
4-5% management fee assumed; 3-6% franchise fee assumed Adjusted for
on-going reserve requirements
Retail properties - income excludes certain percentage rent; expenses
include an assumed allowance for tenant improvements, leasing commissions
and downtime
Multifamily properties - excludes certain non-recurring income and/or
expenses
Hotel Properties - reserves required for seasonal fluctuations
Office Properties - leases are marked to market; expenses include an
assumed allowance for tenant improvements, leasing commissions and
downtime
This information does not include all relevant information relating to the
securities and collateral described herein, particularly with respect to the
risks and special considerations associated with an investment in such
securities. Additional information can be obtained by: (i) contacting the
servicer or trustee for the securities; and (ii) reviewing filings with the
Securities and Exchange Commission, which include the final prospectus
supplement and additional information subsequently filed, which filings can be
accessed on the world wide web site "http://www.sec.gov." Although certain of
the information contained herein is based on sources which Nomura Securities
International, Inc. ("NSI") believes to be reliable, NSI makes no representation
or warranty that such information is accurate or complete. The delivery of this
information at any date does not imply it is current as of any time subsequent
to such date. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. NSI and its affiliates may have a
position in the securities discussed herein and may purchase or sell the same on
a principal basis or as agent for another person. NSI may have acted as an
underwriter of such securities, and NSI and certain of its affiliates may
currently be providing investment banking and other services to the issuer of
such securities and the borrowers described herein and their affiliates. This
term sheet is provided for information purposes only. Nothing herein should be
considered an offer to sell or a solicitation of an offer to buy any securities.
<PAGE>
- --------------------------------------------------------------------------------
NOMURA SECURITIES INTERNATIONAL, INC. (212) 667-1545
Commercial Mortgage-Backed Securities
ASC 1996-D3 - $790,000,000
Preliminary Structural & Collateral Term Sheet
- --------------------------------------------------------------------------------
This information does not include all relevant information relating to the
securities and collateral described herein, particularly with respect
to the risks and special considerations associated with an investment in such
securities. Additional information can be obtained by: (i) contacting the
servicer or trustee for the securities; and (ii) reviewing filings with the
Securities and Exchange Commission, which include the final prospectus
supplement and additional information subsequently filed, which filings can be
accessed on the world wide web site "http://www.sec.gov." Although certain of
the information contained herein is based on sources which Nomura Securities
International, Inc. ("NSI") believes to be reliable, NSI makes no representation
or warranty that such information is accurate or complete. The delivery of this
information at any date does not imply it is current as of any time subsequent
to such date. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. NSI and its affiliates may have a
position in the securities discussed herein and may purchase or sell the same on
a principal basis or as agent for another person. NSI may have acted as an
underwriter of such securities, and NSI and certain of its affiliates may
currently be providing investment banking and other services to the issuer of
such securities and the borrowers described herein and their affiliates. This
term sheet is provided for information purposes only. Nothing herein should be
considered an offer to sell or a solicitation of an offer to buy any securities.
<PAGE>
- --------------------------------------------------------------------------------
NOMURA SECURITIES INTERNATIONAL, INC. (212) 667-1545
Commercial Mortgage-Backed Securities
ASC 1996-D3 - $790,000,000
Preliminary Structural & Collateral Term Sheet
- --------------------------------------------------------------------------------
Bond Class Paydown:
[GRAPHIC OMITTED] Principal Paydown by Property Type:
This information does not include all relevant information relating to the
securities and collateral described herein, particularly with respect
to the risks and special considerations associated with an investment in such
securities. Additional information can be obtained by: (i) contacting the
servicer or trustee for the securities; and (ii) reviewing filings with the
Securities and Exchange Commission, which include the final prospectus
supplement and additional information subsequently filed, which filings can be
accessed on the world wide web site "http://www.sec.gov." Although certain of
the information contained herein is based on sources which Nomura Securities
International, Inc. ("NSI") believes to be reliable, NSI makes no representation
or warranty that such information is accurate or complete. The delivery of this
information at any date does not imply it is current as of any time subsequent
to such date. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. NSI and its affiliates may have a
position in the securities discussed herein and may purchase or sell the same on
a principal basis or as agent for another person. NSI may have acted as an
underwriter of such securities, and NSI and certain of its affiliates may
currently be providing investment banking and other services to the issuer of
such securities and the borrowers described herein and their affiliates. This
term sheet is provided for information purposes only. Nothing herein should be
considered an offer to sell or a solicitation of an offer to buy any securities.
<PAGE>
- --------------------------------------------------------------------------------
NOMURA SECURITIES INTERNATIONAL, INC. (212) 667-1545
Commercial Mortgage-Backed Securities
ASC 1996-D3 - $790,000,000
Preliminary Structural & Collateral Term Sheet
- --------------------------------------------------------------------------------
================================================================================
Mariner's Village
================================================================================
Principal Amount: $54,866,945
Origination Date:
Interest Rate: 8.71%
Amortization: 20 Years
Effective Maturity:
Step Up Rate:
Call Protection: Locked Out for Eff Term
Net Cash Flow: $7,538,244 adjusted as of 7/31/96
Debt Service Coverage Ratio: 1.30
Appraised Value: $77,000,000
Loan to Value: 71%
Loan Per Unit: $55,930
The Borrower:
The borrower is a special purpose limited partnership substantially controlled
by the Ring brothers and their descendants.
The Collateral:
Multifamily property located in Marina del Rey, CA consisting of 981 units
The property is comprised of 28 two and three story buildings that were
built in 1973.
Management:
The manager, E & S Ring Management Corp., is an affiliate of the borrower and
has been managing multifamily and commercial properties for over 25 years.
Occupancy: 95% as of 6/96
Up Front Reserves: $303,000
On-Going Cap. Ex. Reserve: $300/unit/year
Collection Account: Hard Lock Box
Removal of Manager:
Event of a default
DCSR drops below 1.15X.
Reporting Requirements:
Certified monthly property operating statements
Annual audited financial statements
This information does not include all relevant information relating to the
securities and collateral described herein, particularly with respect to the
risks and special considerations associated with an investment in such
securities. Additional information can be obtained by: (i) contacting the
servicer or trustee for the securities; and (ii) reviewing filings with the
Securities and Exchange Commission, which include the final prospectus
supplement and additional information subsequently filed, which filings can be
accessed on the world wide web site "http://www.sec.gov." Although certain of
the information contained herein is based on sources which Nomura Securities
International, Inc. ("NSI") believes to be reliable, NSI makes no representation
or warranty that such information is accurate or complete. The delivery of this
information at any date does not imply it is current as of any time subsequent
to such date. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. NSI and its affiliates may have a
position in the securities discussed herein and may purchase or sell the same on
a principal basis or as agent for another person. NSI may have acted as an
underwriter of such securities, and NSI and certain of its affiliates may
currently be providing investment banking and other services to the issuer of
such securities and the borrowers described herein and their affiliates. This
term sheet is provided for information purposes only. Nothing herein should be
considered an offer to sell or a solicitation of an offer to buy any securities.
================================================================================
<PAGE>
- --------------------------------------------------------------------------------
NOMURA SECURITIES INTERNATIONAL, INC. (212) 667-1545
Commercial Mortgage-Backed Securities
ASC 1996-D3 - $790,000,000
Preliminary Structural & Collateral Term Sheet
- --------------------------------------------------------------------------------
================================================================================
Hyatt Regency - Riverwalk
================================================================================
Principal Amount: $71,000,000
Origination Date:
Interest Rate: 9.26%
Effective Maturity: 15 years
Step Up Rate:
Amortization: 25 years
Call Protection: Locked Out for Eff Term
Net Cash Flow: $11,188,000 adjusted to stabilized levels
based on historical performance
Debt Service Coverage Ratio: 1.53
Appraised Value: $110,000,000
Loan to Value: 65%
Loan Per Square Foot: $112,520
Borrower:
The borrower is a special purpose limited partnership substantially owned
The Collateral:
It is the second largest hotel in San Antonio with 631 rooms, 32,287 sf
of meeting space and a 532 space parking garage.
The hotel was built in 1981; underwent a $6.8 million renovation in 1988
and a $6.3 million renovation in 1996.
The hotel contains 25,701 sf of retail space which generates
approximately 2% of total revenues.
U/W Tr 12 as 1995 1994
--- --------- ---- ----
of 7/96
-------
NOI 11,188,000 12,032,549 11,740,053 10,605,029
DSCR 1.53 1.64 1.60 1.45
ADR $128.76 $128.76 $124.42 $121.72
Occ. 77% 79% 80% 77%
RevPar $99.68 $107.49 $99.06 $94.52
Management: Hyatt Hotel Corp
Deferred Maintenance Reserve: $36,875
Ongoing Reserves: 4% of Gross Revenues
Collection Account: Hard Lock Box
Additional Secured Financing: None permitted.
Removal of Management:
Event of default
NOI drops to 85% of NOI at origination for 12 mos.
Reporting Requirements:
Certified monthly operating statements
Annual audited financial statements
This information does not include all relevant information relating to the
securities and collateral described herein, particularly with respect to the
risks and special considerations associated with an investment in such
securities. Additional information can be obtained by: (i) contacting the
servicer or trustee for the securities; and (ii) reviewing filings with the
Securities and Exchange Commission, which include the final prospectus
supplement and additional information subsequently filed, which filings can be
accessed on the world wide web site "http://www.sec.gov." Although certain of
the information contained herein is based on sources which Nomura Securities
International, Inc. ("NSI") believes to be reliable, NSI makes no representation
or warranty that such information is accurate or complete. The delivery of this
information at any date does not imply it is current as of any time subsequent
to such date. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. NSI and its affiliates may have a
position in the securities discussed herein and may purchase or sell the same on
a principal basis or as agent for another person. NSI may have acted as an
underwriter of such securities, and NSI and certain of its affiliates may
currently be providing investment banking and other services to the issuer of
such securities and the borrowers described herein and their affiliates. This
term sheet is provided for information purposes only. Nothing herein should be
considered an offer to sell or a solicitation of an offer to buy any securities.
<PAGE>
- --------------------------------------------------------------------------------
NOMURA SECURITIES INTERNATIONAL, INC. (212) 667-1545
Commercial Mortgage-Backed Securities
ASC 1996-D3 - $790,000,000
Preliminary Structural & Collateral Term Sheet
- --------------------------------------------------------------------------------
================================================================================
Pacific Properties
================================================================================
Principal Amount: $69,000,000
Origination Date:
Interest Rate: %
Effective Maturity:
Step Up Rate:
Amortization:
Release Provisions:
Defeasance of 125% of the allocated loan balance
DSCR not lower than pre-release DSCR
Call Protection: Locked out for Eff. Term
Net Cash Flow:
Debt Service Coverage Ratio:
Capitalized Value: $
Loan to Value: %
Loan per Square Foot: $
Cross-Collateralization/Default: Fully Crossed.
Borrower:
The Borrower is a special purpose ltd. partnership substantially owned by
The Properties:
The properties consist
The properties were built between.
Properties:
Square Feet Year Occ
Property Location Built 12/95
- ---------------------------------------------------------------
- ---------------------------------------------------------------
- ---------------------------------------------------------------
- ---------------------------------------------------------------
- ---------------------------------------------------------------
- ---------------------------------------------------------------
- ---------------------------------------------------------------
- ---------------------------------------------------------------
- ---------------------------------------------------------------
- ---------------------------------------------------------------
- ---------------------------------------------------------------
- ---------------------------------------------------------------
- ---------------------------------------------------------------
- ---------------------------------------------------------------
- ---------------------------------------------------------------
- ---------------------------------------------------------------
- ---------------------------------------------------------------
- ---------------------------------------------------------------
Total
Management:
Deferred Maintenance Reserve: $
Cap. Ex. & Leasing Reserve: $
Collection Account: Hard Lock Box
Additional Secured Financing:
Removal of Manager:
DSCR falls below 1.15 x for a 12 month period
Event of default.
Reporting Requirements:
Annual audited financial statements
Certified quarterly rent rolls, occupancy reports, operating statements
Certified monthly operating statements.
This information does not include all relevant information relating to the
securities and collateral described herein, particularly with respect
to the risks and special considerations associated with an investment in such
securities. Additional information can be obtained by: (i) contacting the
servicer or trustee for the securities; and (ii) reviewing filings with the
Securities and Exchange Commission, which include the final prospectus
supplement and additional information subsequently filed, which filings can be
accessed on the world wide web site "http://www.sec.gov." Although certain of
the information contained herein is based on sources which Nomura Securities
International, Inc. ("NSI") believes to be reliable, NSI makes no representation
or warranty that such information is accurate or complete. The delivery of this
information at any date does not imply it is current as of any time subsequent
to such date. Such information should not be viewed as projections, forecasts,
predictions or opinions with respect to value. NSI and its affiliates may have a
position in the securities discussed herein and may purchase or sell the same on
a principal basis or as agent for another person. NSI may have acted as an
underwriter of such securities, and NSI and certain of its affiliates may
currently be providing investment banking and other services to the issuer of
such securities and the borrowers described herein and their affiliates. This
term sheet is provided for information purposes only. Nothing herein should be
considered an offer to sell or a solicitation of an offer to buy any securities.
<PAGE>
<TABLE>
<CAPTION>
# DEAL: d3black BOND: CS2
# Scenario: No prepayment till Anticipated Repayment Date.
#
# TOTAL (since settlement date):
# 0 0 0 0
<C> <C> <C> <C> <C> <C> <C>
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
19961022.000 0.000000000000 0.000000000000 0.000000000000 623691525.000000000000 0.000 0.000000000000
19961113.000 564693.195402456564 0.000000000000 564693.195402456564 623691525.000000000000 0.000 1.715503512438
19961213.000 891607.772404983640 0.000000000000 891607.772404983640 623691525.000000000000 0.000 1.715478379935
19970113.000 966076.404095724109 0.000000000000 966076.404095724109 623691525.000000000000 0.000 1.858758117508
19970213.000 966072.506822103984 0.000000000000 966072.506822103984 623691525.000000000000 0.000 1.858750619044
19970313.000 742587.619079096243 0.000000000000 742587.619079096243 623691525.000000000000 0.000 1.428759422208
19970413.000 968286.276073743473 0.000000000000 968286.276073743473 623691525.000000000000 0.000 1.863009973221
19970513.000 891569.409128670231 0.000000000000 891569.409128670231 623691525.000000000000 0.000 1.715404567914
19970613.000 968278.406756350305 0.000000000000 968278.406756350305 623691525.000000000000 0.000 1.862994832434
19970713.000 891548.291137077613 0.000000000000 891548.291137077613 623691525.000000000000 0.000 1.715363936306
19970813.000 968269.967278260505 0.000000000000 968269.967278260505 623691525.000000000000 0.000 1.862978594641
19970913.000 968265.541644161218 0.000000000000 968265.541644161218 623691525.000000000000 0.000 1.862970079597
19971013.000 891511.282659863937 0.000000000000 891511.282659863937 623691525.000000000000 0.000 1.715292730957
19971113.000 968256.229338923120 0.000000000000 968256.229338923120 623691525.000000000000 0.000 1.862952162460
19971213.000 891487.961715635494 0.000000000000 891487.961715635494 623691525.000000000000 0.000 1.715247860805
19980113.000 966020.627091072267 0.000000000000 966020.627091072267 623691525.000000000000 0.000 1.858650800986
19980213.000 966014.898754477850 0.000000000000 966014.898754477850 623691525.000000000000 0.000 1.858639779505
19980313.000 742324.568802886293 0.000000000000 742324.568802886293 623691525.000000000000 0.000 1.428253306093
19980413.000 968230.147861298057 0.000000000000 968230.147861298057 623691525.000000000000 0.000 1.862901980965
19980513.000 891436.838116667815 0.000000000000 891436.838116667815 623691525.000000000000 0.000 1.715149497566
19980613.000 968218.530819425709 0.000000000000 968218.530819425709 623691525.000000000000 0.000 1.862879629450
19980713.000 891410.355690138647 0.000000000000 891410.355690138647 623691525.000000000000 0.000 1.715098544634
19980813.000 968206.220818277332 0.000000000000 968206.220818277332 623691525.000000000000 0.000 1.862855944663
19980913.000 968199.819949405035 0.000000000000 968199.819949405035 623691525.000000000000 0.000 1.862843629211
19981013.000 891365.004610959208 0.000000000000 891365.004610959208 623691525.000000000000 0.000 1.715011287885
19981113.000 968186.446169411996 0.000000000000 968186.446169411996 623691525.000000000000 0.000 1.862817897683
19981213.000 891335.904921343201 0.000000000000 891335.904921343201 623691525.000000000000 0.000 1.714955299265
19990113.000 965940.713239346049 0.000000000000 965940.713239346049 623691525.000000000000 0.000 1.858497044492
19990213.000 965932.765849695657 0.000000000000 965932.765849695657 623691525.000000000000 0.000 1.858481753491
19990313.000 742010.210698508658 0.000000000000 742010.210698508658 623691525.000000000000 0.000 1.427648472277
19990413.000 968149.597633149009 0.000000000000 968149.597633149009 623691525.000000000000 0.000 1.862747000065
19990513.000 891269.527720664861 0.000000000000 891269.527720664861 623691525.000000000000 0.000 1.714827587668
19990613.000 968133.434763133875 0.000000000000 968133.434763133875 623691525.000000000000 0.000 1.862715902250
19990713.000 891236.631115649478 0.000000000000 891236.631115649478 623691525.000000000000 0.000 1.714764293677
19990813.000 968116.430920255720 0.000000000000 968116.430920255720 623691525.000000000000 0.000 1.862683186379
19990913.000 968107.634725135518 0.000000000000 968107.634725135518 623691525.000000000000 0.000 1.862666262252
19991013.000 891181.302943676361 0.000000000000 891181.302943676361 623691525.000000000000 0.000 1.714657840721
19991113.000 968089.336727684364 0.000000000000 968089.336727684364 623691525.000000000000 0.000 1.862631056392
19991213.000 891145.291060011485 0.000000000000 891145.291060011485 623691525.000000000000 0.000 1.714588552846
20000113.000 968070.128558202065 0.000000000000 968070.128558202065 623691525.000000000000 0.000 1.862594099334
20000213.000 965820.931909430772 0.000000000000 965820.931909430772 623691525.000000000000 0.000 1.858266581851
20000313.000 816360.178240082692 0.000000000000 816360.178240082692 623691525.000000000000 0.000 1.570699896697
20000413.000 968039.517524827621 0.000000000000 968039.517524827621 623691525.000000000000 0.000 1.862535202847
20000513.000 891053.206634884817 0.000000000000 891053.206634884817 623691525.000000000000 0.000 1.714411379827
20000613.000 968017.883610836696 0.000000000000 968017.883610836696 623691525.000000000000 0.000 1.862493578589
20000713.000 891012.538672570023 0.000000000000 891012.538672570023 623691525.000000000000 0.000 1.714333133526
20000813.000 967995.230995952501 0.000000000000 967995.230995952501 623691525.000000000000 0.000 1.862449994322
20000913.000 967983.552352643106 0.000000000000 967983.552352643106 623691525.000000000000 0.000 1.862427524285
20001013.000 890945.121910303133 0.000000000000 890945.121910303133 623691525.000000000000 0.000 1.714203421783
20001113.000 967959.328669604613 0.000000000000 967959.328669604613 623691525.000000000000 0.000 1.862380917239
20001213.000 890900.734242381528 0.000000000000 890900.734242381528 623691525.000000000000 0.000 1.714118018665
20010113.000 965687.146646381472 0.000000000000 965687.146646381472 623691525.000000000000 0.000 1.858009175250
20010213.000 965673.281111590099 0.000000000000 965673.281111590099 623691525.000000000000 0.000 1.857982497572
20010313.000 741164.339641953819 0.000000000000 741164.339641953819 623691525.000000000000 0.000 1.426020992622
20010413.000 967893.723440580186 0.000000000000 967893.723440580186 623691525.000000000000 0.000 1.862254690937
20010513.000 890793.985012650141 0.000000000000 890793.985012650141 623691525.000000000000 0.000 1.713912630150
20010613.000 967865.419712103438 0.000000000000 967865.419712103438 623691525.000000000000 0.000 1.862200233769
20010713.000 890744.101745002437 0.000000000000 890744.101745002437 623691525.000000000000 0.000 1.713816653343
20010813.000 967835.879322650610 0.000000000000 967835.879322650610 623691525.000000000000 0.000 1.862143397230
20010913.000 967820.684756590752 0.000000000000 967820.684756590752 623691525.000000000000 0.000 1.862114162459
20011013.000 890662.338805687265 0.000000000000 890662.338805687265 623691525.000000000000 0.000 1.713659339153
20011113.000 967789.233236447908 0.000000000000 967789.233236447908 623691525.000000000000 0.000 1.862053648851
20011213.000 890608.003839173820 0.000000000000 890608.003839173820 623691525.000000000000 0.000 1.713554797152
20020113.000 965500.030428645317 0.000000000000 965500.030428645317 623691525.000000000000 0.000 1.857649158395
20020213.000 965482.226193154114 0.000000000000 965482.226193154114 623691525.000000000000 0.000 1.857614902546
20020313.000 740629.793280977174 0.000000000000 740629.793280977174 623691525.000000000000 0.000 1.424992510420
20020413.000 967704.464023803477 0.000000000000 967704.464023803477 623691525.000000000000 0.000 1.861890550507
20020513.000 890474.954977823654 0.000000000000 890474.954977823654 623691525.000000000000 0.000 1.713298807409
20020613.000 967668.063818777795 0.000000000000 967668.063818777795 623691525.000000000000 0.000 1.861820515490
20020713.000 890413.990478563588 0.000000000000 890413.990478563588 623691525.000000000000 0.000 1.713181510001
20020813.000 967630.159751133993 0.000000000000 967630.159751133993 623691525.000000000000 0.000 1.861747587000
20020913.000 967610.694431425072 0.000000000000 967610.694431425072 623691525.000000000000 0.000 1.861710135179
</TABLE>
<PAGE>
<TABLE>
<C> <C> <C> <C> <C> <C> <C>
20021013.000 890314.964661489823 0.000000000000 890314.964661489823 623691525.000000000000 0.000 1.712990981549
20021113.000 967570.461702864035 0.000000000000 967570.461702864035 623691525.000000000000 0.000 1.861632726280
20021213.000 890248.651909567066 0.000000000000 890248.651909567066 623691525.000000000000 0.000 1.712863393953
20030113.000 965260.972068290343 0.000000000000 965260.972068290343 623691525.000000000000 0.000 1.857189203400
20030213.000 965238.382861716440 0.000000000000 965238.382861716440 623691525.000000000000 0.000 1.857145741132
20030313.000 739993.152855612454 0.000000000000 739993.152855612454 623578893.325486540794 0.000 1.423767596372
20030413.000 967265.356168149156 0.000000000000 967265.356168149156 598944026.181751608849 0.000 1.861381839292
20030513.000 864992.440098956344 0.000000000000 864992.440098956344 597796618.665953516960 0.000 1.733034946080
20030613.000 936683.896293269936 0.000000000000 936683.896293269936 579311759.652492403984 0.000 1.880272722285
20030713.000 831383.569591952488 0.000000000000 831383.569591952488 578176575.066611766815 0.000 1.722147473942
20030813.000 899236.624445830472 0.000000000000 899236.624445830472 577136946.598407030106 0.000 1.866357088595
20030913.000 897371.088427010109 0.000000000000 897371.088427010109 567940363.008280992508 0.000 1.865840183096
20031013.000 814737.284458545037 0.000000000000 814737.284458545037 502314161.958132088184 0.000 1.721456696917
20031113.000 788234.402598236687 0.000000000000 788234.402598236687 501317216.767586529255 0.000 1.883047213781
20031213.000 731054.129114270676 0.000000000000 731054.129114270676 500223853.647545874119 0.000 1.749919862305
20040113.000 784385.497098700493 0.000000000000 784385.497098700493 499210328.252763271332 0.000 1.881682749943
20040213.000 782519.586571496213 0.000000000000 782519.586571496213 498188764.043882369995 0.000 1.881017780967
20040313.000 670813.585876369849 0.000000000000 670813.585876369849 496982900.615136921406 0.000 1.615805817292
20040413.000 778416.250536672771 0.000000000000 778416.250536672771 495943665.494454979897 0.000 1.879540522396
20040513.000 721909.668655053130 0.000000000000 721909.668655053130 494808399.632467925549 0.000 1.746754042160
20040613.000 774410.779625117430 0.000000000000 774410.779625117430 493751913.890743553638 0.000 1.878086419391
20040713.000 718177.768835155293 0.000000000000 718177.768835155293 492599553.122943520546 0.000 1.745437938278
20040813.000 770341.433115583844 0.000000000000 770341.433115583844 491525543.244168758392 0.000 1.876594718526
20040913.000 768363.043241235428 0.000000000000 768363.043241235428 490443012.908752739429 0.000 1.875865180483
20041013.000 712539.840265181265 0.000000000000 712539.840265181265 489264837.145696163177 0.000 1.743419287895
20041113.000 764197.244126418722 0.000000000000 764197.244126418722 488164369.655796587467 0.000 1.874315551270
20041213.000 708658.580885829055 0.000000000000 708658.580885829055 486968418.382202744484 0.000 1.742016316477
20050113.000 759965.017219411791 0.000000000000 759965.017219411791 485849729.291901886463 0.000 1.872725183479
20050213.000 757903.527630622732 0.000000000000 757903.527630622732 484722163.902269363403 0.000 1.871945538556
20050313.000 596723.630634332658 0.000000000000 596723.630634332658 483326757.365126669407 0.000 1.477275870772
20050413.000 753251.024916432332 0.000000000000 753251.024916432332 482179168.332199215889 0.000 1.870165920106
20050513.000 698469.874568276340 0.000000000000 698469.874568276340 480936535.734611690044 0.000 1.738282996300
20050613.000 748844.297781574773 0.000000000000 748844.297781574773 479769977.881918489933 0.000 1.868465151988
20050713.000 694364.411185412086 0.000000000000 694364.411185412086 478508547.382711470127 0.000 1.736743297488
20050813.000 744367.311894415761 0.000000000000 744367.311894415761 477322719.839711248875 0.000 1.866718534411
20050913.000 742180.927275044261 0.000000000000 742180.927275044261 476127481.171565949917 0.000 1.865859460931
20051013.000 688153.493564834585 0.000000000000 688153.493564834585 474837622.884711384773 0.000 1.734376243618
20051113.000 737597.698501239298 0.000000000000 737597.698501239298 473622659.537391126156 0.000 1.864041928321
20051213.000 683883.684542435105 0.000000000000 683883.684542435105 472313254.014096617699 0.000 1.732730486866
20060113.000 732941.406576223788 0.000000000000 732941.406576223788 471078253.079017996788 0.000 1.862174479366
20060213.000 730663.542818818009 0.000000000000 730663.542818818009 469833449.239414036274 0.000 1.861253933188
20060313.000 575527.231475753943 0.000000000000 575527.231475753943 449833965.848092973232 0.000 1.469952126416
20060413.000 703630.874528227490 0.000000000000 703630.874528227490 426430710.385818600655 0.000 1.877041560972
20060513.000 624262.810810004128 0.000000000000 624262.810810004128 417145661.477906525135 0.000 1.756710655980
20060613.000 652712.527957157465 0.000000000000 652712.527957157465 382747313.234213709831 0.000 1.877653553374
20060713.000 555872.636834266013 0.000000000000 555872.636834266013 343762115.977568268776 0.000 1.742787319824
20060813.000 524993.316572102951 0.000000000000 524993.316572102951 297300673.673836469650 0.000 1.832639347402
20060913.000 442818.580607417913 0.000000000000 442818.580607417913 264592658.904404759407 0.000 1.787356517436
20061013.000 368473.870266947953 0.000000000000 368473.870266947953 214391844.534934043884 0.000 1.671129675900
20061113.000 305618.692267081758 0.000000000000 305618.692267081758 213555942.173732101917 0.000 1.710617451499
20061213.000 289958.636237746920 0.000000000000 289958.636237746920 212661657.323806285858 0.000 1.629317170684
20070113.000 302609.030304263521 0.000000000000 302609.030304263521 211811994.606907069683 0.000 1.707551990965
20070213.000 301130.598177181557 0.000000000000 301130.598177181557 210955573.717687606812 0.000 1.706025754034
20070313.000 258285.401145491865 0.000000000000 258285.401145491865 209938266.817164301872 0.000 1.469231060893
20070413.000 297870.148966392560 0.000000000000 297870.148966392560 209066944.114144116640 0.000 1.702615650681
20070513.000 282878.212115039409 0.000000000000 282878.212115039409 208137618.937611401081 0.000 1.623661052570
20070613.000 294735.449052250537 0.000000000000 294735.449052250537 207251973.177473425865 0.000 1.699272532606
20070713.000 280013.296551358420 0.000000000000 280013.296551358420 206308475.110039621592 0.000 1.621291950615
20070813.000 291550.130515106895 0.000000000000 291550.130515106895 205408278.688110828400 0.000 1.695810879468
20070913.000 289982.030131446605 0.000000000000 289982.030131446605 204500920.549891203642 0.000 1.694081847042
20071013.000 275668.738740098488 0.000000000000 275668.738740098488 203535934.733476549387 0.000 1.617608789235
20071113.000 286719.917614777223 0.000000000000 286719.917614777223 202613680.846916258335 0.000 1.690433198385
20071213.000 272688.057255358377 0.000000000000 272688.057255358377 201633955.143893659115 0.000 1.615022575665
20080113.000 283405.084486046864 0.000000000000 283405.084486046864 200696568.762494266033 0.000 1.686650946963
20080213.000 281770.876760706771 0.000000000000 281770.876760706771 199751723.609242439270 0.000 1.684757513284
20080313.000 256208.348287545436 0.000000000000 256208.348287545436 198699919.982629477978 0.000 1.539160776137
20080413.000 278289.497735179495 0.000000000000 278289.497735179495 197739188.385709762573 0.000 1.680661961572
20080513.000 264986.990406518045 0.000000000000 264986.990406518045 196721389.841757714748 0.000 1.608099998204
20080613.000 274838.332683582208 0.000000000000 274838.332683582208 195744914.156581103802 0.000 1.676513161510
20080713.000 261834.735738567193 0.000000000000 261834.735738567193 193379821.505770444870 0.000 1.605158858099
20080813.000 268845.614251369960 0.000000000000 268845.614251369960 192396380.709713935852 0.000 1.668295764209
20080913.000 267131.746407024213 0.000000000000 267131.746407024213 191405117.830331504345 0.000 1.666133710551
20081013.000 254775.065022628871 0.000000000000 254775.065022628871 190357276.329683870077 0.000 1.597293120961
20081113.000 263577.293227518268 0.000000000000 263577.293227518268 189349794.629934728146 0.000 1.661574266934
20081213.000 251531.982188802212 0.000000000000 251531.982188802212 188285906.265920966864 0.000 1.594078193834
20090113.000 259965.239680381375 0.000000000000 259965.239680381375 187261948.045804113150 0.000 1.656832918635
20090213.000 258179.099285147968 0.000000000000 258179.099285147968 186229844.179980993271 0.000 1.654446738247
20090313.000 227063.912320796226 0.000000000000 227063.912320796226 185045716.265573233366 0.000 1.463120457329
</TABLE>
<PAGE>
<TABLE>
<C> <C> <C> <C> <C> <C> <C>
20090413.000 254312.413077445875 0.000000000000 254312.413077445875 160745340.960191369057 0.000 1.649186492137
20090513.000 208375.326674571377 0.000000000000 208375.326674571377 159696657.542203068733 0.000 1.555568519223
20090613.000 211707.498684965540 0.000000000000 211707.498684965540 158681693.105828642845 0.000 1.590822264735
20090713.000 204981.956553022959 0.000000000000 204981.956553022959 157616816.660885840654 0.000 1.550136900163
20090813.000 207948.178077403398 0.000000000000 207948.178077403398 156585236.608656823635 0.000 1.583192827893
20090913.000 206082.774730466655 0.000000000000 206082.774730466655 155545415.739405512810 0.000 1.579327240758
20091013.000 199821.401873128198 0.000000000000 199821.401873128198 154455925.779591679573 0.000 1.541579873042
20091113.000 202230.267387072265 0.000000000000 202230.267387072265 153399092.521997869015 0.000 1.571168730754
20091213.000 196287.630082537304 0.000000000000 196287.630082537304 152292757.921094834805 0.000 1.535505538048
20100113.000 198313.838430346514 0.000000000000 198313.838430346514 151218640.697599172592 0.000 1.562625888223
20100213.000 196368.198976658343 0.000000000000 196368.198976658343 150135941.498818397522 0.000 1.558285656351
20100313.000 183921.487210411869 0.000000000000 183921.487210411869 148922797.255714207888 0.000 1.470039635075
20100413.000 192206.871617863071 0.000000000000 192206.871617863071 147821749.295231312513 0.000 1.548777287237
20100513.000 187147.322951044946 0.000000000000 187147.322951044946 146671642.575227767229 0.000 1.519240494798
20100613.000 188241.575783000677 0.000000000000 188241.575783000677 145552604.770204633474 0.000 1.540106096676
20100713.000 183536.459380267770 0.000000000000 183536.459380267770 144384685.306984990835 0.000 1.513155684187
20100813.000 184223.767354093958 0.000000000000 184223.767354093958 143247370.409466326237 0.000 1.531107820437
20100913.000 182224.535344130883 0.000000000000 182224.535344130883 142100966.555489897728 0.000 1.526516275921
20101013.000 178039.679978374217 0.000000000000 178039.679978374217 140905947.911300539970 0.000 1.503491645081
20101113.000 178106.009323607199 0.000000000000 178106.009323607199 139740829.960260510445 0.000 1.516807589435
20101213.000 174278.285879097879 0.000000000000 174278.285879097879 138527281.118316590786 0.000 1.496584377768
20110113.000 173918.395622273791 0.000000000000 173918.395622273791 137343150.208300739527 0.000 1.506577426929
20110213.000 171832.408335591434 0.000000000000 171832.408335591434 136149554.722516268492 0.000 1.501340909175
20110313.000 166192.758429792593 0.000000000000 166192.758429792593 130049547.303997725248 0.000 1.464795904197
20110413.000 158958.189912693633 0.000000000000 158958.189912693633 125750845.527080178261 0.000 1.466747342452
20110513.000 152554.489341895387 0.000000000000 152554.489341895387 108320795.133540377021 0.000 1.455778579006
20110613.000 127887.046273697997 0.000000000000 127887.046273697997 78015713.527772426605 0.000 1.416758945863
20110713.000 85987.034707133818 0.000000000000 85987.034707133818 65593052.578991465271 0.000 1.322611009791
20110813.000 69431.043894169736 0.000000000000 69431.043894169736 57649124.603245213628 0.000 1.270214594338
20110913.000 58843.972482693309 0.000000000000 58843.972482693309 0.000000000000 0.000 1.224871452346
20111013.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20111113.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20111213.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20120113.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20120213.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20120313.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20120413.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20120513.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20120613.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20120713.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20120813.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20120913.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
# DEAL: d3black BOND: CS1
# Scenario: No prepayment till Anticipated Repayment Date.
#
# TOTAL (since settlement date):
# 0 0 0 0
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
19961022.000 0.000000000000 0.000000000000 0.000000000000 64985025.000000000000 0.000 0.000000000000
19961113.000 72548.668158298096 0.000000000000 72548.668158298096 64434765.109275855124 0.000 2.115266315666
19961213.000 113578.871643707753 0.000000000000 113578.871643707753 63758915.848790854216 0.000 2.115234621269
19970113.000 121987.996682889861 0.000000000000 121987.996682889861 63199035.005524173379 0.000 2.295923543723
19970213.000 120916.295653092835 0.000000000000 120916.295653092835 62634760.062786847353 0.000 2.295914087470
19970313.000 91533.167609454904 0.000000000000 91533.167609454904 61702973.425963304937 0.000 1.753655654165
19970413.000 118330.132980051436 0.000000000000 118330.132980051436 61126960.832696020603 0.000 2.301285524699
19970513.000 107743.478266554186 0.000000000000 107743.478266554186 60425636.690253965557 0.000 2.115141537524
19970613.000 115879.574394518990 0.000000000000 115879.574394518990 59839599.506444439292 0.000 2.301266430774
19970713.000 105471.796926843090 0.000000000000 105471.796926843090 59128351.076427131891 0.000 2.115090297330
19970813.000 113390.732206069530 0.000000000000 113390.732206069530 58532132.083106905222 0.000 2.301245953424
19970913.000 112246.836307224294 0.000000000000 112246.836307224294 57931232.655341990292 0.000 2.301235215171
19971013.000 102103.821733536999 0.000000000000 102103.821733536999 57205263.719528540969 0.000 2.115000500839
19971113.000 109701.229002176158 0.000000000000 109701.229002176158 56593949.302717439830 0.000 2.301212620014
19971213.000 99744.190607669225 0.000000000000 99744.190607669225 55857669.365712895989 0.000 2.114943915452
19980113.000 106864.482200479208 0.000000000000 106864.482200479208 55235776.589873045683 0.000 2.295788207721
19980213.000 105674.064009788985 0.000000000000 105674.064009788985 54609001.013070352376 0.000 2.295774308621
19980313.000 79775.440592491155 0.000000000000 79775.440592491155 53617613.717027567327 0.000 1.753017395211
19980413.000 102818.446859610136 0.000000000000 102818.446859610136 52978138.016222253442 0.000 2.301149336535
19980513.000 93366.015809655481 0.000000000000 93366.015809655481 52213998.341077506542 0.000 2.114819870364
19980613.000 100125.613223330292 0.000000000000 100125.613223330292 51563502.704033002257 0.000 2.301121149220
19980713.000 90870.172352089212 0.000000000000 90870.172352089212 50788453.269879199564 0.000 2.114755614032
19980813.000 97390.722475565024 0.000000000000 97390.722475565024 50126764.798638127744 0.000 2.301091280525
19980913.000 96121.235737069670 0.000000000000 96121.235737069670 49459879.825463123620 0.000 2.301075749609
19981013.000 87158.430021037158 0.000000000000 87158.430021037158 48668598.001728355885 0.000 2.114645575249
19981113.000 93323.792784877587 0.000000000000 93323.792784877587 47990262.958627276123 0.000 2.301043299786
19981213.000 84565.840651437364 0.000000000000 84565.840651437364 47187645.310398243368 0.000 2.114574968452
19990113.000 90269.741598802459 0.000000000000 90269.741598802459 46497680.519723474979 0.000 2.295594306646
19990213.000 88949.095034910119 0.000000000000 88949.095034910119 45802296.258693084121 0.000 2.295575023288
19990313.000 66881.071943697956 0.000000000000 66881.071943697956 44745478.255992271006 0.000 1.752254644159
19990413.000 85797.735261990863 0.000000000000 85797.735261990863 44036336.879069149494 0.000 2.300953891371
19990513.000 77592.536123000871 0.000000000000 77592.536123000871 43203240.418831855059 0.000 2.114413912386
19990613.000 82839.141542696001 0.000000000000 82839.141542696001 42481986.036078423262 0.000 2.300914674167
19990713.000 74850.926173135886 0.000000000000 74850.926173135886 41636897.558477155864 0.000 2.114334092843
19990813.000 79834.358946297012 0.000000000000 79834.358946297012 40903340.046524479985 0.000 2.300873416445
19990913.000 78427.112301517569 0.000000000000 78427.112301517569 40164019.298468127847 0.000 2.300852073566
19991013.000 70762.302842228004 0.000000000000 70762.302842228004 39301038.053868174553 0.000 2.114199845878
19991113.000 75353.441682368415 0.000000000000 75353.441682368415 38549130.511933088303 0.000 2.300807675739
19991213.000 67914.331188722164 0.000000000000 67914.331188722164 37673687.949890561402 0.000 2.114112467498
20000113.000 72231.795482740170 0.000000000000 72231.795482740170 36908996.020049661398 0.000 2.300761069492
20000213.000 70597.795080921671 0.000000000000 70597.795080921671 36138295.251825943589 0.000 2.295303672066
20000313.000 58202.400197710609 0.000000000000 58202.400197710609 35126941.719211608171 0.000 1.932655642735
20000413.000 67346.742486178613 0.000000000000 67346.742486178613 34342242.217515103519 0.000 2.300686795606
20000513.000 60496.407746952682 0.000000000000 60496.407746952682 33434341.001992389560 0.000 2.113889036031
20000613.000 64100.159855926089 0.000000000000 64100.159855926089 32636342.341032795608 0.000 2.300634303590
20000713.000 57488.654861962867 0.000000000000 57488.654861962867 31715274.440442211926 0.000 2.113790360252
20000813.000 60802.920945397535 0.000000000000 60802.920945397535 30903767.794427622110 0.000 2.300579339822
20000913.000 59246.411664298066 0.000000000000 59246.411664298066 30085882.969794332981 0.000 2.300551003039
20001013.000 52991.939999671500 0.000000000000 52991.939999671500 29145120.195606838912 0.000 2.113626781818
20001113.000 55873.435394008418 0.000000000000 55873.435394008418 28313415.026803415269 0.000 2.300492227269
20001213.000 49867.452414194093 0.000000000000 49867.452414194093 27358969.316411629319 0.000 2.113519080633
20010113.000 52323.551373435002 0.000000000000 52323.551373435002 26513226.756370548159 0.000 2.294979058676
20010213.000 50705.340165982612 0.000000000000 50705.340165982612 25660835.843338124454 0.000 2.294945415671
20010313.000 37426.377035065168 0.000000000000 37426.377035065168 24454221.644153669477 0.000 1.750202242681
20010413.000 46877.378433831160 0.000000000000 46877.378433831160 23585652.770244944841 0.000 2.300333044297
20010513.000 41535.515124620346 0.000000000000 41535.515124620346 22594729.527387160808 0.000 2.113260066833
20010613.000 43311.542712115588 0.000000000000 43311.542712115588 21711544.485008317977 0.000 2.300264368801
20010713.000 38232.926733414308 0.000000000000 38232.926733414308 20706150.474784608930 0.000 2.113139031255
20010813.000 39690.113346707025 0.000000000000 39690.113346707025 19808119.666546367109 0.000 2.300192692700
20010913.000 37968.134860512757 0.000000000000 37968.134860512757 18903027.845727220178 0.000 2.300155824965
20011013.000 33284.146518573994 0.000000000000 33284.146518573994 17875938.258159440011 0.000 2.112940643597
20011113.000 34263.399450637473 0.000000000000 34263.399450637473 16955656.442371834069 0.000 2.300079511742
20011213.000 29853.383543180778 0.000000000000 29853.383543180778 15913527.696790823713 0.000 2.112808806523
20020113.000 30428.323203156146 0.000000000000 30428.323203156146 14977817.233457731083 0.000 2.294525044321
20020213.000 28638.608094252617 0.000000000000 28638.608094252617 14034748.289988104254 0.000 2.294481844546
20020313.000 20454.537262545935 0.000000000000 20454.537262545935 12741630.460103368387 0.000 1.748905232064
20020413.000 24420.118702783508 0.000000000000 24420.118702783508 11780984.706334549934 0.000 2.299873829735
20020513.000 20739.304184818011 0.000000000000 20739.304184818011 10698912.200639164075 0.000 2.112485979920
20020613.000 20504.336035492859 0.000000000000 20504.336035492859 9722203.796612702310 0.000 2.299785509140
20020713.000 17113.817565422876 0.000000000000 17113.817565422876 8624228.195918798447 0.000 2.112338057104
20020813.000 16527.568221889618 0.000000000000 16527.568221889618 7631204.721272619441 0.000 2.299693539609
20020913.000 14624.226478077333 0.000000000000 14624.226478077333 6630370.273813350126 0.000 2.299646309419
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
20021013.000 11669.991964314879 0.000000000000 11669.991964314879 5508501.632414641790 0.000 2.112097783209
20021113.000 10555.889759098900 0.000000000000 10555.889759098900 4490972.867679648101 0.000 2.299548689680
20021213.000 7903.876035117361 0.000000000000 7903.876035117361 3352575.449968619272 0.000 2.111936883520
20030113.000 6408.853072082573 0.000000000000 6408.853072082573 2318089.975760730915 0.000 2.293944998783
20030213.000 4431.203210258959 0.000000000000 4431.203210258959 1275466.072590041906 0.000 2.293890188868
20030313.000 1857.249198284931 0.000000000000 1857.249198284931 0.000000000000 0.000 1.747360502829
20030413.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20030513.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20030613.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20030713.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20030813.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20030913.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
# DEAL: d3black BOND: collateral
# Scenario: No prepayment till Anticipated Repayment Date.
#
# TOTAL (since settlement date):
# 0 0 0 0
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
19961022.000 0.000000000000 0.000000000000 0.000000000000 782586993.800001025200 0.000 0.000000000000
19961113.000 3769027.220511780120 550259.890724144410 4319287.111235924065 782036733.909276247025 0.000 9.125266315666
19961213.000 5946890.566143946722 675849.260484999628 6622739.826628941111 781360884.648790955544 0.000 9.125234621269
19970113.000 6059403.877164266072 559880.843266678741 6619284.720430937596 780801003.805524230003 0.000 9.305923543723
19970213.000 6055055.884020649828 564274.942737323116 6619330.826757972129 780236728.862787008286 0.000 9.305914087470
19970313.000 5698105.012647720054 931786.636823539506 6629891.649471260607 779304942.225963950157 0.000 8.763655647362
19970413.000 6046942.356562559493 576012.593267281540 6622954.949829845689 778728929.632696151733 0.000 9.311285524699
19970513.000 5921676.418552719057 701324.142442058423 6623000.560994782485 778027605.490253806114 0.000 9.125141537524
19970613.000 6037018.604347349145 586037.183809524169 6623055.788156875409 777441568.306444168091 0.000 9.311266430774
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20090713.000 1974645.987209911458 1064876.444942779373 3039522.432152690366 251527260.460885733366 0.000 9.381033050666
20090813.000 2008029.344833318610 1031580.052229042049 3039609.397062361240 250495680.408656567335 0.000 9.580016135765
20090913.000 1999872.773515340639 1039820.869251285098 3039693.642766626086 249455859.539405316114 0.000 9.580394058306
20091013.000 1950288.601657099323 1089489.959813849302 3039778.561470948625 248366369.579591542482 0.000 9.381805367530
20091113.000 1983034.278890514048 1056833.257593818940 3039867.536484331824 247309536.321997702122 0.000 9.581172920861
20091213.000 1933619.243630672805 1106334.600903030252 3039953.844533702824 246203201.721094787121 0.000 9.382343790155
20100113.000 1965926.971697134664 1074117.223495642887 3040044.195192776155 245129084.497599035501 0.000 9.581972734494
20100213.000 1957432.715985238785 1082699.198780790204 3040131.914766030386 244046385.298818230629 0.000 9.582376828096
20100313.000 1827076.092096408596 1213144.243104187772 3040220.335200595669 242833241.055714160204 0.000 8.983912250252
20100413.000 1939271.448164232541 1101047.960482883267 3040319.408647114411 241732193.095231056213 0.000 9.583225622983
20100513.000 1890302.607560335426 1150106.720003552735 3040409.327563889790 240582086.375227600336 0.000 9.383785833519
20100613.000 1921465.447922892636 1119037.805023131426 3040503.252946021967 239463048.570204526186 0.000 9.584082390537
20100713.000 1872675.177813781193 1167919.463219651952 3040594.641033433378 238295129.106984764338 0.000 9.384371521177
20100813.000 1903375.123604286928 1137314.897518642480 3040690.021122929640 237157814.209466129541 0.000 9.584963641031
20100913.000 1894379.047863098327 1146403.853976462269 3040782.901839559432 236011410.355489671230 0.000 9.585409888404
20101013.000 1845857.880631611217 1195018.644189357292 3040876.524820968509 234816391.711300462484 0.000 9.385264269306
20101113.000 1875856.166970232734 1165117.951040010434 3040974.118010243401 233651273.760260403156 0.000 9.586329914872
20101213.000 1827520.427365639945 1213548.841943937354 3041069.269309577532 232437724.918316543102 0.000 9.385887256446
20110113.000 1857037.465782504762 1184130.910015832633 3041168.375798337162 231253594.008300662041 0.000 9.587277451292
20110213.000 1847669.594038184965 1193595.485784470337 3041265.079822654836 230059998.522516071796 0.000 9.587758072924
20110313.000 1722387.454074967885 6100007.418518549763 7822394.872593513690 223959991.103997588158 0.000 8.984025724436
20110413.000 1788793.288712927839 4298701.776917543262 6087495.065630475990 219661289.327079981565 0.000 9.584533093943
20110513.000 1716718.144975668052 17430050.393539801240 19146768.538515459746 202231238.933540284634 0.000 9.378356014761
20110613.000 1612062.380257489858 30305081.605767957866 31917143.986025441438 171926157.327772259712 0.000 9.565657939448
20110713.000 1318658.949370517395 12422660.948780952021 13741319.898151468486 159503496.378991365433 0.000 9.203897556018
20110813.000 1247902.665215980727 7943927.975746254437 9191830.640962233767 151559568.403245091438 0.000 9.388403591487
20110913.000 1181430.032091624103 76538781.482781618834 77720211.514873296022 75020786.920463427901 0.000 9.354183661555
20111013.000 560512.465049445047 33591833.820870585740 34152346.285920031369 41428953.099592886865 0.000 8.965714512865
20111113.000 309735.377932820411 453099.717564046150 762835.095496866386 40975853.382028833032 0.000 8.971562777024
20111213.000 300470.422819090367 462401.675821377255 762872.098640467855 40513451.706207454205 0.000 8.799438635756
20120113.000 302915.789570606954 459994.071873386041 762909.861443992937 40053457.634334065020 0.000 8.972302585342
20120213.000 299489.162197002501 463458.265429526800 762947.427626529592 39589999.368904545903 0.000 8.972683405198
20120313.000 284700.211547632818 478285.065170573362 762985.276718206122 39111714.303733974695 0.000 8.629458431502
20120413.000 292474.127610325406 470550.209054869658 763024.336665195413 38641164.094679102302 0.000 8.973499612081
20120513.000 283452.790464808175 479609.974467459600 763062.764932267834 38161554.120211638510 0.000 8.802616497897
20120613.000 285396.128606112499 477705.804474070203 763101.933080182527 37683848.315737575293 0.000 8.974355531971
20120713.000 276474.553910513816 486666.391810367524 763140.945720881224 37197181.923927210271 0.000 8.804022930802
20120813.000 278212.163846433104 484968.526296446158 763180.690142879263 36712213.397630758584 0.000 8.975265849399
20120913.000 274599.337128544168 488620.958777315856 763220.295905860025 36223592.438853442669 0.000 8.975737882792
20121013.000 265829.674866613641 497430.525084213354 763260.199950826936 35726161.913769237697 0.000 8.806294140439
20121113.000 267253.725831257179 496047.097612451587 763300.823443708709 35230114.816156774759 0.000 8.976740120352
20121213.000 258587.530884399108 504753.803072281356 763341.333956680377 34725361.013084501028 0.000 8.807948503164
20130113.000 259798.138019338017 503584.417497926566 763382.555517264642 34221776.595586568117 0.000 8.977812081082
20130213.000 256046.511795598781 507377.169782428478 763423.681578027084 33714399.425804145634 0.000 8.978371222093
20130313.000 238080.566877237376 19718807.307010419667 19956887.873887654394 13995592.118793722242 0.000 8.474025494104
20130413.000 105964.426700140510 175645.449943491345 281609.876643631898 13819946.668850230053 0.000 9.085525711300
20130513.000 104645.219946816636 176979.001075227279 281624.221022043843 13642967.667775005102 0.000 9.086450689366
20130613.000 103315.973476979125 178322.700830152578 281638.674307131674 13464644.966944850981 0.000 9.087404675540
20130713.000 101976.610706841224 179676.626620858297 281653.237327699491 13284968.340323993936 0.000 9.088389121928
20130813.000 100627.054467097507 181040.856451775995 281667.910918873502 13103927.483872216195 0.000 9.089405579838
20130913.000 99267.226998437269 182415.468923713139 281682.695922150451 12921512.014948504046 0.000 9.090455708392
20131013.000 97897.049947023464 183800.543238422455 281697.593185445876 12737711.471710082144 0.000 9.091541284064
20131113.000 96516.444359936882 185196.159203206771 281712.603563143697 12552515.312506873161 0.000 9.092664211240
20131213.000 95125.330680585583 186602.397235559649 281727.727916145232 12365912.915271313861 0.000 9.093826533951
20140113.000 93723.628744078800 188019.338367840683 281742.967111919541 12177893.576903471723 0.000 9.095030448905
20140213.000 92311.257772565412 189447.064251987467 281758.322024552850 11988446.512651484460 0.000 9.096278320018
20140313.000 90888.136370536682 190885.657164263452 281773.793534800119 11797560.855487223715 0.000 9.097572694639
20140413.000 89454.182520092829 192335.200010042347 281789.382530135219 11605225.655477182940 0.000 9.098916321689
20140513.000 88009.313576173299 193795.776328629348 281805.089904802619 11411429.879148550332 0.000 9.100312172005
20140613.000 86553.446261750360 195267.470298119151 281820.916559869540 11216162.408850431442 0.000 9.101763461202
20140713.000 85086.496662985795 196750.366740291443 281836.863403277239 11019412.042110141367 0.000 9.103273675407
20140813.000 83608.380224350563 198244.551125543803 281852.931349894323 10821167.490984596312 0.000 9.104846600328
20140913.000 82119.011743706506 199750.109577863070 281869.121321569546 10621417.381406735629 0.000 9.106486354134
20141013.000 80618.305367350928 201267.128879834141 281885.434247185127 10420150.252526899800 0.000 9.108197424778
20141113.000 79106.174585022527 202795.696477687772 281901.871062710357 10217354.556049214676 0.000 9.109984712457
20141213.000 77582.532224869385 204335.900486386614 281918.432711255969 10013018.655562827364 0.000 9.111853578060
20150113.000 76047.290448378000 205887.829694751039 281935.120143129025 9807130.825868075714 0.000 9.113809898612
20150213.000 74500.360745263621 207451.573570623819 281951.934315887454 9599679.252297451720 0.000 9.115860130927
20150313.000 72941.653928321117 209027.222266074590 281968.876194395707 9390652.030031377450 0.000 9.118011384916
20150413.000 71371.080128236441 210614.866622644331 281985.946750880743 9180037.163408730179 0.000 9.120271508303
20150513.000 69788.548788358195 212214.598176630097 282003.146964988322 8967822.565232101828 0.000 9.122649184890
20150613.000 68193.968659428996 213826.509164410352 282020.477823839406 8753996.056067692116 0.000 9.125154048941
20150713.000 66587.247794276380 215450.692527811392 282037.940322087845 8538545.363539880142 0.000 9.127796818888
20150813.000 64968.293542462998 217087.241919514607 282055.535461977590 8321458.121620366350 0.000 9.130589454248
20150913.000 63337.012544895530 218736.251708505471 282073.264253401023 8102721.869911859743 0.000 9.133545340618
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
20151013.000 61693.310728392455 220397.816985564714 282091.127713957161 7882324.052926294506 0.000 9.136679508768
20151113.000 60037.093300209825 222072.033568801213 282109.126869011030 7660252.019357493147 0.000 9.140008895410
20151213.000 58368.264742525105 223758.998009227333 282127.262751752511 7436493.021348266862 0.000 9.143552655191
20160113.000 56686.728806878666 1623998.020544352476 1680684.749351231148 5812495.000803914852 0.000 9.147332536046
20160213.000 43452.109103063500 210201.983805204130 253654.092908267659 5602293.016998710111 0.000 8.970765723921
20160313.000 41884.894004754380 211786.737718375254 253671.631723129656 5390506.279280335642 0.000 8.971660827664
20160413.000 40305.842439896267 2299156.749246549793 2339462.591686446220 3091349.530033785384 0.000 8.972628621876
20160513.000 23253.867890252201 88796.281898128378 112050.149788380571 3002553.248135657050 0.000 9.026685982027
20160613.000 22614.811604782157 1540175.302078713430 1562790.113683495438 1462377.946056943387 0.000 9.038232358606
20160713.000 10834.303250794546 71015.349216944131 81849.652467738691 1391362.596839999314 0.000 8.890426675272
20160813.000 10332.349137165944 71523.102917425451 81855.452054591398 1319839.493922573747 0.000 8.911278046973
20160913.000 9826.802310701818 72037.013189219404 81863.815499921227 1247802.480733354343 0.000 8.934543046440
20161013.000 9317.619536211932 18195.266594528177 27512.886130740109 1229607.214138826355 0.000 8.960667746776
20161113.000 9181.756750624989 18332.615326887004 27514.372077511995 1211274.598811939359 0.000 8.960672948285
20161213.000 9044.868380304588 18471.000860792439 27515.869241097025 1192803.597951146774 0.000 8.960678335871
20170113.000 8906.946683354767 18610.431022812558 27517.377706167325 1174193.166928334162 0.000 8.960683920123
20170213.000 8767.983859437198 18750.913698596989 27518.897558034187 1155442.253229737282 0.000 8.960689712451
20170313.000 8627.972049329999 18892.456833322904 27520.428882652901 1136549.796396414284 0.000 8.960695725170
20170413.000 8486.903334483224 19035.068432144402 27521.971766627626 1117514.727964269929 0.000 8.960701971590
20170513.000 8344.769736571005 19178.756560645248 27523.526297216253 1098335.971403624630 0.000 8.960708466122
20170613.000 8201.563217040304 19323.529345295068 27525.092562335372 1079012.442058329703 0.000 8.960715224387
20170713.000 8057.275676656261 19469.394973908977 27526.670650565240 1059543.047084420687 0.000 8.960722263354
20170813.000 7911.898955044117 19616.361696110653 27528.260651154771 1039926.685388309998 0.000 8.960729601481
20170913.000 7765.424830227670 19764.437823798951 27529.862654026620 1020162.247564511141 0.000 8.960737258890
20171013.000 7617.845018164247 19913.631731617981 27531.476749782229 1000248.615832893178 0.000 8.960745257552
20171113.000 7469.151172276176 20063.951857430806 27533.103029706981 980184.663975462317 0.000 8.960753621506
20171213.000 7319.334882978696 20215.406702796641 27534.741585775337 959969.257272665622 0.000 8.960762377113
20180113.000 7168.387677204348 20368.004833451716 27536.392510656064 939601.252439213917 0.000 8.960771553335
20180213.000 7016.301017923728 20521.754879793738 27538.055897717466 919079.497559420299 0.000 8.960781182072
20180313.000 6863.066303662642 20676.665537370005 27539.731841032648 898402.832022050163 0.000 8.960791298538
20180413.000 6708.674868015629 20832.745567369238 27541.420435384869 877570.086454681004 0.000 8.960801941708
20180513.000 6553.117979155788 20990.003797117082 27543.121776272870 856580.082657563966 0.000 8.960813154828
20180613.000 6396.386839340923 21148.449120575377 27544.835959916301 835431.633536988636 0.000 8.960824986025
20180713.000 6238.472584415946 21308.090498845202 27546.563083261150 814123.543038143311 0.000 8.960837489005
20180813.000 6079.366283311534 21468.936960673684 27548.303243985218 792654.606077469653 0.000 8.960850723896
20180913.000 5919.058937538999 21630.997602964675 27550.056540503676 771023.608474505018 0.000 8.960864758228
20181013.000 5757.541480681339 21794.281591293242 27551.823071974584 749229.326883211732 0.000 8.960879668117
20181113.000 5594.804777880453 21958.798160424085 27553.602938304539 727270.528722787742 0.000 8.960895539668
20181213.000 5430.839625320486 22124.556614833818 27555.396240154303 705145.972107953858 0.000 8.960912470672
20190113.000 5265.636749707269 22291.566329237248 27557.203078944516 682854.405778716551 0.000 8.960930572658
20190213.000 5099.186807743823 22459.836749117581 27559.023556861404 660394.569029598963 0.000 8.960949973391
20190313.000 4931.480385601926 22629.377391260656 27560.857776862584 637765.191638338380 0.000 8.960970819942
20190413.000 4762.507998389673 22800.197844293194 27562.705842682870 614964.993794045178 0.000 8.960993282475
20190513.000 4592.260089615011 22972.307769225143 27564.567858840153 591992.686024819966 0.000 8.961017558966
20190613.000 4420.727030645240 23145.716899996067 27566.443930641308 568846.969124824042 0.000 8.961043881126
20190713.000 4247.899120162432 23320.435044025708 27568.334164188142 545526.534080798272 0.000 8.961072521908
20190813.000 4073.766583614723 23496.472082768676 27570.238666383404 522030.061998029589 0.000 8.961103805106
20190913.000 3898.319572663486 23673.837972273344 27572.157544936832 498356.224025756237 0.000 8.961138117777
20191013.000 3721.548164626307 23852.542743744925 27574.090908371232 474503.681282011326 0.000 8.961175926481
20191113.000 3543.442361915776 24032.596504112858 27576.038866028637 450471.084777898504 0.000 8.961217798797
20191213.000 3363.992091474031 24214.009436602442 27578.001528076471 426257.075341296033 0.000 8.961264432231
20200113.000 3183.187204203032 24396.791801310763 27579.979005513793 401860.283539985307 0.000 8.961316693653
20200213.000 3001.017474390544 24580.953935787024 27581.971410177568 377279.329604198283 0.000 8.961375674017
20200313.000 2817.472599131772 24766.506255617220 27583.978854748992 352512.823348581092 0.000 8.961442765775
20200413.000 2632.542197746644 24953.459255013222 27586.001452759869 327559.364093567827 0.000 8.961519774763
20200513.000 2446.215811192691 25141.823507406334 27588.039318599025 302417.540586161544 0.000 8.961609085896
20200613.000 2258.482901473486 25331.609666045311 27590.092567518797 277085.930920116254 0.000 8.961713915519
20200713.000 2069.332851042629 25522.828464598897 27592.161315641526 251563.102455517335 0.000 8.961838708321
20200813.000 1878.754962203228 25715.490717762907 27594.245679966130 225847.611737754429 0.000 8.961989785615
20200913.000 1686.738456502844 25909.607321871907 27596.345778374751 199938.004415882519 0.000 8.962176452650
20201013.000 1493.272474123874 26105.189255515495 27598.461729639370 173832.815160367027 0.000 8.962412994887
20201113.000 1298.346073269327 26302.247580159245 27600.593653428572 147530.567580207775 0.000 8.962722524432
20201213.000 1101.948229543966 26500.793440770318 27602.741670314284 121029.774139437461 0.000 8.963145042697
20210113.000 904.067835330777 26700.838066447835 27604.905901778613 94328.936072989629 0.000 8.963756316252
20210213.000 704.693699162734 26902.392771057974 27607.086470220704 67426.543301931655 0.000 8.964719355479
20210313.000 503.814545089813 27105.468953873864 27609.283498963676 40321.074348057795 0.000 8.966460751228
20210413.000 301.419012041238 27311.652117945541 27613.071129986780 13009.422230112250 0.000 8.970564904278
20210513.000 97.483937244308 13009.422230112250 13106.906167356557 0.000000000000 0.000 8.992000000000
20210613.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20210713.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
0# DEAL: d3black BOND: B4H
# Scenario: No prepayment till Anticipated Repayment Date.
#
# TOTAL (since settlement date):
# 0 0 0 0
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
19961022.000 0.000000000000 0.000000000000 0.000000000000 1000.800001025200 0.000 0.000000000000
19961113.000 4.819965672872 0.000000000000 4.819965672872 1000.800001025200 0.000 9.125266315666
19961213.000 7.610445681933 0.000000000000 7.610445681933 1000.800001025200 0.000 9.125234621268
19970113.000 7.761140243414 0.000000000]000 7.761140243414 1000.800001025200 0.000 9.305923543722
19970213.000 7.761132356900 0.000000000000 7.761132356900 1000.800001025200 0.000 9.305914087470
19970313.000 7.308888823062 0.000000000000 7.308888823062 1000.800001025200 0.000 8.763655654166
19970413.000 7.765612135554 0.000000000000 7.765612135554 1000.800001025200 0.000 9.311285524699
19970513.000 7.610368050091 0.000000000000 7.610368050091 1000.800001025200 0.000 9.125141537524
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<S> <C> <C> <C> <C> <C> <C>
20021013.000 7.607829558989 0.000000000000 7.607829558989 1000.800001025200 0.000 9.122097783209
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20080213.000 7.927654391661 0.000000000000 7.927654391661 1000.800001025200 0.000 9.505580795611
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20081013.000 7.755826950016 0.000000000000 7.755826950016 1000.800001025200 0.000 9.299552688334
20081113.000 7.926808756497 0.000000000000 7.926808756497 1000.800001025200 0.000 9.504566844577
20081213.000 7.755999991850 0.000000000000 7.755999991850 1000.800001025200 0.000 9.299760172548
20090113.000 7.927159398796 0.000000000000 7.927159398796 1000.800001025200 0.000 9.504987278987
20090213.000 7.927332274768 0.000000000000 7.927332274768 1000.800001025200 0.000 9.505194564326
20090313.000 7.413734309916 0.000000000000 7.413734309916 1000.800001025200 0.000 8.889369667052
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<TABLE>
<CAPTION>
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
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20091113.000 7.990698224183 0.000000000000 7.990698224183 1000.800001025200 0.000 9.581172920861
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20100313.000 7.492582824385 0.000000000000 7.492582824385 1000.800001025200 0.000 8.983912250251
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20100513.000 7.826077393171 0.000000000000 7.826077393171 1000.800001025200 0.000 9.383785833518
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20110313.000 7.492677461854 0.000000000000 7.492677461854 1000.800001025200 0.000 8.984025724435
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20121013.000 7.344449320649 0.000000000000 7.344449320649 1000.800001025200 0.000 8.806294140439
20121113.000 7.486601268042 0.000000000000 7.486601268042 1000.800001025200 0.000 8.976740120351
20121213.000 7.345829059164 0.000000000000 7.345829059164 1000.800001025200 0.000 8.807948503164
20130113.000 7.487495283292 0.000000000000 7.487495283292 1000.800001025200 0.000 8.977812081081
20130213.000 7.487961606896 0.000000000000 7.487961606896 1000.800001025200 0.000 8.978371222093
20130313.000 7.067337269332 105.897420130048 112.964757399381 894.902580895151 0.000 8.474025494116
20130413.000 6.775550339860 11.231076552011 18.006626891871 883.671504343140 0.000 9.085525711300
20130513.000 6.691197958177 11.316346138279 18.007544096456 872.355158204861 0.000 9.086450689366
20130613.000 6.606203619502 11.402264645222 18.008468264724 860.952893559639 0.000 9.087404675540
20130713.000 6.520562426933 11.488837022736 18.009399449670 849.464056536902 0.000 9.088389121928
20130813.000 6.434269446132 11.576068258561 18.010337704694 837.887988278341 0.000 9.089405579838
20130913.000 6.347319705032 11.663963378569 18.011283083601 826.224024899771 0.000 9.090455708392
20131013.000 6.259708193551 11.752527447059 18.012235640611 814.471497452712 0.000 9.091541284064
20131113.000 6.171429863303 11.841765567049 18.013195430352 802.629731885663 0.000 9.092664211240
20131213.000 6.082479627300 11.931682880573 18.014162507873 790.698049005090 0.000 9.093826533951
20140113.000 5.992852359659 12.022284568983 18.015136928642 778.675764436107 0.000 9.095030448905
20140213.000 5.902542895303 12.113575853245 18.016118748548 766.562188582861 0.000 9.096278320018
20140313.000 5.811546029662 12.205561994248 18.017108023910 754.356626588614 0.000 9.097572694639
20140413.000 5.719856518368 12.298248293105 18.018104811473 742.058378295509 0.000 9.098916321689
20140513.000 5.627469076951 12.391640091466 18.019109168417 729.666738204043 0.000 9.100312172005
20140613.000 5.534378380533 12.485742771824 18.020121152357 717.180995432219 0.000 9.101763461202
20140713.000 5.440579063517 12.580561757833 18.021140821350 704.600433674386 0.000 9.103273675407
20140813.000 5.346065719275 12.676102514619 18.022168233894 691.924331159767 0.000 9.104846600328
20140913.000 5.250832899833 12.772370549100 18.023203448933 679.151960610667 0.000 9.106486354134
20141013.000 5.154875115556 12.869371410305 18.024246525861 666.282589200362 0.000 9.108197424778
20141113.000 5.058186834826 12.967110689700 18.025297524526 653.315478510663 0.000 9.109984712457
20141213.000 4.960762483724 13.065594021508 18.026356505232 640.249884489155 0.000 9.111853578060
20150113.000 4.862596445702 13.164827083042 18.027423528744 627.085057406113 0.000 9.113809898612
20150213.000 4.763683061257 13.264815595032 18.028498656289 613.820241811081 0.000 9.115860130927
20150313.000 4.664016627604 13.365565321959 18.029581949563 600.454676489122 0.000 9.118011384916
20150413.000 4.563591398343 13.467082072388 18.030673470731 586.987594416734 0.000 9.120271508303
20150513.000 4.462401583122 13.569371699311 18.031773282433 573.418222717423 0.000 9.122649184890
20150613.000 4.360441347306 13.672440100483 18.032881447789 559.745782616939 0.000 9.125154048941
20150713.000 4.257704811631 13.776293218766 18.033998030397 545.969489398173 0.000 9.127796818888
20150813.000 4.154186051867 13.880937042476 18.035123094343 532.088552355696 0.000 9.130589454248
20150913.000 4.049879098471 13.986377605731 18.036256704202 518.102174749965 0.000 9.133545340618
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
20151013.000 3.944777936239 14.092620988801 18.037398925039 504.009553761164 0.000 9.136679508768
20151113.000 3.838876503957 14.199673318463 18.038549822420 489.809880442702 0.000 9.140008895410
20151213.000 3.732168694051 14.307540768357 18.039709462408 475.502339674344 0.000 9.143552655191
20160113.000 3.624648352224 103.841267137390 107.465915489614 371.661072536954 0.000 9.147332536046
20160213.000 2.778403675359 13.440681624604 16.219085299963 358.220390912350 0.000 8.970765723921
20160313.000 2.678193207349 13.542013555040 16.220206762389 344.678377357310 0.000 8.971660827664
20160413.000 2.577225895015 147.012094330767 149.589320225782 197.666283026543 0.000 8.972628621876
20160513.000 1.486892888429 5.677789204631 7.164682093061 191.988493821912 0.000 9.026685982027
20160613.000 1.446030514451 98.481496256970 99.927526771422 93.506997564942 0.000 9.038232358606
20160713.000 0.692764254563 4.540845343160 5.233609597724 88.966152221781 0.000 8.890426675272
20160813.000 0.660668432681 4.573312000745 5.233980433427 84.392840221036 0.000 8.911278046973
20160913.000 0.628342886472 4.606172320243 5.234515206714 79.786667900793 0.000 8.934543046440
20161013.000 0.595784851401 1.163437094858 1.759221946259 78.623230805935 0.000 8.960667746776
20161113.000 0.587097547825 1.172219412464 1.759316960288 77.451011393472 0.000 8.960672948285
20161213.000 0.578344666571 1.181068024970 1.759412691540 76.269943368502 0.000 8.960678335871
20170113.000 0.569525712609 1.189983432820 1.759509145429 75.079959935682 0.000 8.960683920123
20170213.000 0.560640187172 1.198966140237 1.759606327409 73.880993795445 0.000 8.960689712451
20170313.000 0.551687587728 1.208016655249 1.759704242978 72.672977140196 0.000 8.960695725170
20170413.000 0.542667407951 1.217135489720 1.759802897671 71.455841650476 0.000 8.960701971590
20170513.000 0.533579137693 1.226323159377 1.759902297069 70.229518491099 0.000 8.960708466122
20170613.000 0.524422262954 1.235580183840 1.760002446794 68.993938307259 0.000 8.960715224387
20170713.000 0.515196265855 1.244907086654 1.760103352509 67.749031220605 0.000 8.960722263354
20170813.000 0.505900624608 1.254304395313 1.760205019921 66.494726825292 0.000 8.960729601481
20170913.000 0.496534813486 1.263772641294 1.760307454780 65.230954183998 0.000 8.960737258890
20171013.000 0.487098302792 1.273312360088 1.760410662879 63.957641823910 0.000 8.960745257552
20171113.000 0.477590558831 1.282924091225 1.760514650055 62.674717732685 0.000 8.960753621506
20171213.000 0.468011043879 1.292608378310 1.760619422189 61.382109354375 0.000 8.960762377113
20180113.000 0.458359216155 1.302365769052 1.760724985207 60.079743585324 0.000 8.960771553335
20180213.000 0.448634529786 1.312196815292 1.760831345078 58.767546770031 0.000 8.960781182072
20180313.000 0.438836434778 1.322102073040 1.760938507818 57.445444696991 0.000 8.960791298538
20180413.000 0.428964376986 1.332082102501 1.761046479487 56.113362594490 0.000 8.960801941708
20180513.000 0.419017798082 1.342137468110 1.761155266192 54.771225126379 0.000 8.960813154828
20180613.000 0.408996135523 1.352268738563 1.761264874086 53.418956387817 0.000 8.960824986025
20180713.000 0.398898822520 1.362476486846 1.761375309366 52.056479900970 0.000 8.960837489005
20180813.000 0.388725288003 1.372761290276 1.761486578279 50.683718610695 0.000 8.960850723896
20180913.000 0.378474956595 1.383123730522 1.761598687118 49.300594880173 0.000 8.960864758228
20181013.000 0.368147248573 1.393564393649 1.761711642222 47.907030486523 0.000 8.960879668117
20181113.000 0.357741579838 1.404083870143 1.761825449981 46.502946616380 0.000 8.960895539668
20181213.000 0.347257361881 1.414682754949 1.761940116831 45.088263861431 0.000 8.960912470672
20190113.000 0.336694001753 1.425361647502 1.762055649256 43.662902213929 0.000 8.960930572658
20190213.000 0.326050902027 1.436121151763 1.762172053790 42.226781062165 0.000 8.960949973391
20190313.000 0.315327460765 1.446961876252 1.762289337017 40.779819185913 0.000 8.960970819942
20190413.000 0.304523071488 1.457884434083 1.762407505571 39.321934751830 0.000 8.960993282475
20190513.000 0.293637123136 1.468889442996 1.762526566133 37.853045308834 0.000 8.961017558966
20190613.000 0.282669000039 1.479977525398 1.762646525437 36.373067783435 0.000 8.961043881126
20190713.000 0.271618081876 1.491149308392 1.762767390269 34.881918475043 0.000 8.961072521908
20190813.000 0.260483743647 1.502405423815 1.762889167462 33.379513051228 0.000 8.961103805106
20190913.000 0.249265355630 1.513746508275 1.763011863905 31.865766542953 0.000 8.961138117777
20191013.000 0.237962283353 1.525173203184 1.763135486537 30.340593339769 0.000 8.961175926481
20191113.000 0.226573887552 1.536686154796 1.763260042348 28.803907184973 0.000 8.961217798797
20191213.000 0.215099524138 1.548286014246 1.763385538384 27.255621170727 0.000 8.961264432231
20200113.000 0.203538544161 1.559973437581 1.763511981742 25.695647733146 0.000 8.961316693653
20200213.000 0.191890293770 1.571749085803 1.763639379573 24.123898647344 0.000 8.961375674017
20200313.000 0.180154114180 1.583613624902 1.763767739081 22.540285022442 0.000 8.961442765775
20200413.000 0.168329341631 1.595567725896 1.763897067527 20.944717296546 0.000 8.961519774763
20200513.000 0.156415307355 1.607612064870 1.764027372225 19.337105231676 0.000 8.961609085896
20200613.000 0.144411337534 1.619747323010 1.764158660544 17.717357908666 0.000 8.961713915519
20200713.000 0.132316753263 1.631974186646 1.764290939908 16.085383722020 0.000 8.961838708321
20200813.000 0.120130870512 1.644293347288 1.764424217800 14.441090374732 0.000 8.961989785615
20200913.000 0.107853000089 1.656705501668 1.764558501757 12.784384873064 0.000 8.962176452650
20201013.000 0.095482447598 1.669211351775 1.764693799373 11.115173521289 0.000 8.962412994887
20201113.000 0.083018513402 1.681811604898 1.764830118300 9.433361916391 0.000 8.962722524432
20201213.000 0.070460492581 1.694506973667 1.764967466248 7.738854942724 0.000 8.963145042697
20210113.000 0.057807674895 1.707298176089 1.765105850984 6.031556766635 0.000 8.963756316252
20210213.000 0.045059344741 1.720185935594 1.765245280335 4.311370831041 0.000 8.964719355479
20210313.000 0.032214781117 1.733170981069 1.765385762186 2.578199849972 0.000 8.966460751228
20210413.000 0.019273257575 1.746354692348 1.765627949923 0.831845157624 0.000 8.970564904278
20210513.000 0.006233293048 0.831845157450 0.838078450498 0.000000000173 0.000 8.992000000000
20210613.000 0.000000000000 0.000000000000 0.000000000000 0.000000000173 0.000 0.000000000000
20210713.000 0.000000000000 0.000000000000 0.000000000000 0.000000000173 0.000 0.000000000000
20210813.000 0.000000000000 0.000000000000 0.000000000000 0.000000000173 0.000 0.000000000000
20210913.000 0.000000000000 0.000000000000 0.000000000000 0.000000000173 0.000 0.000000000000
20211013.000 0.000000000000 0.000000000000 0.000000000000 0.000000000173 0.000 0.000000000000
20211113.000 0.000000000000 0.000000000000 0.000000000000 0.000000000173 0.000 0.000000000000
20211213.000 0.000000000000 0.000000000000 0.000000000000 0.000000000173 0.000 0.000000000000
20220113.000 0.000000000000 0.000000000000 0.000000000000 0.000000000173 0.000 0.000000000000
20220213.000 0.000000000000 0.000000000000 0.000000000000 0.000000000173 0.000 0.000000000000
20220313.000 0.000000000000 0.000000000000 0.000000000000 0.000000000173 0.000 0.000000000000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
# DEAL: d3black BOND: B4
# Scenario: No prepayment till Anticipated Repayment Date.
#
# TOTAL (since settlement date):
# 0 0 0 0
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
19961022.000 0.000000000000 0.000000000000 0.000000000000 15650746.000000000000 0.000 0.000000000000
19961113.000 75375.757791332435 0.000000000000 75375.757791332435 15650746.000000000000 0.000 9.125266315666
19961213.000 119013.941039891768 0.000000000000 119013.941039891768 15650746.000000000000 0.000 9.125234621268
19970113.000 121370.538065176981 0.000000000000 121370.538065176981 15650746.000000000000 0.000 9.305923543722
19970213.000 121370.414734010454 0.000000000000 121370.414734010454 15650746.000000000000 0.000 9.305914087470
19970313.000 114298.123895684068 0.000000000000 114298.123895684068 15650746.000000000000 0.000 8.763655654166
19970413.000 121440.470567116514 0.000000000000 121440.470567116514 15650746.000000000000 0.000 9.311285524699
19970513.000 119012.727014868447 0.000000000000 119012.727014868447 15650746.000000000000 0.000 9.125141537524
19970613.000 121440.221538633108 0.000000000000 121440.221538633108 15650746.000000000000 0.000 9.311266430773
19970713.000 119012.058725476803 0.000000000000 119012.058725476803 15650746.000000000000 0.000 9.125090297330
19970813.000 121439.954467135365 0.000000000000 121439.954467135365 15650746.000000000000 0.000 9.311245953424
19970913.000 121439.814415733708 0.000000000000 121439.814415733708 15650746.000000000000 0.000 9.311235215170
19971013.000 119010.887573785236 0.000000000000 119010.887573785236 15650746.000000000000 0.000 9.125000500841
19971113.000 121439.519723195423 0.000000000000 121439.519723195423 15650746.000000000000 0.000 9.311212620014
19971213.000 119010.149570809241 0.000000000000 119010.149570809241 15650746.000000000000 0.000 9.124943915451
19980113.000 121368.772974022213 0.000000000000 121368.772974022213 15650746.000000000000 0.000 9.305788207720
19980213.000 121368.591697949887 0.000000000000 121368.591697949887 15650746.000000000000 0.000 9.305774308620
19980313.000 114289.799538383930 0.000000000000 114289.799538383930 15650746.000000000000 0.000 8.763017395213
19980413.000 121438.694361814443 0.000000000000 121438.694361814443 15650746.000000000000 0.000 9.311149336535
19980513.000 119008.531739013692 0.000000000000 119008.531739013692 15650746.000000000000 0.000 9.124819870364
19980613.000 121438.326734715258 0.000000000000 121438.326734715258 15650746.000000000000 0.000 9.311121149219
19980713.000 119007.693689400534 0.000000000000 119007.693689400534 15650746.000000000000 0.000 9.124755614031
19980813.000 121437.937178585766 0.000000000000 121437.937178585766 15650746.000000000000 0.000 9.311091280524
19980913.000 121437.734619893992 0.000000000000 121437.734619893992 15650746.000000000000 0.000 9.311075749608
19981013.000 119006.258531858562 0.000000000000 119006.258531858562 15650746.000000000000 0.000 9.124645575248
19981113.000 121437.311399945582 0.000000000000 121437.311399945582 15650746.000000000000 0.000 9.311043299785
19981213.000 119005.337657660973 0.000000000000 119005.337657660973 15650746.000000000000 0.000 9.124574968452
19990113.000 121366.244060295707 0.000000000000 121366.244060295707 15650746.000000000000 0.000 9.305594306646
19990213.000 121365.992561249062 0.000000000000 121365.992561249062 15650746.000000000000 0.000 9.305575023293
19990313.000 114279.851519209653 0.000000000000 114279.851519209653 15650746.000000000000 0.000 8.762254644159
19990413.000 121436.145309631363 0.000000000000 121436.145309631363 15650746.000000000000 0.000 9.310953891371
19990513.000 119003.237118013829 0.000000000000 119003.237118013829 15650746.000000000000 0.000 9.124413912386
19990613.000 121435.633827539132 0.000000000000 121435.633827539132 15650746.000000000000 0.000 9.310914674166
19990713.000 119002.196088512050 0.000000000000 119002.196088512050 15650746.000000000000 0.000 9.124334092842
19990813.000 121435.095732441609 0.000000000000 121435.095732441609 15650746.000000000000 0.000 9.310873416445
19990913.000 121434.817372451565 0.000000000000 121434.817372451565 15650746.000000000000 0.000 9.310852073565
19991013.000 119000.445200891234 0.000000000000 119000.445200891234 15650746.000000000000 0.000 9.124199845878
19991113.000 121434.238323189653 0.000000000000 121434.238323189653 15650746.000000000000 0.000 9.310807675738
19991213.000 118999.305586849267 0.000000000000 118999.305586849267 15650746.000000000000 0.000 9.124112467496
20000113.000 121433.630471073106 0.000000000000 121433.630471073106 15650746.000000000000 0.000 9.310761069491
20000213.000 121362.453520306051 0.000000000000 121362.453520306051 15650746.000000000000 0.000 9.305303672066
20000313.000 116632.693358344390 0.000000000000 116632.693358344390 15650746.000000000000 0.000 8.942655642741
20000413.000 121432.661769643571 0.000000000000 121432.661769643571 15650746.000000000000 0.000 9.310686795605
20000513.000 118996.391529248256 0.000000000000 118996.391529248256 15650746.000000000000 0.000 9.123889036030
20000613.000 121431.977153669272 0.000000000000 121431.977153669272 15650746.000000000000 0.000 9.310634303592
20000713.000 118995.104571289761 0.000000000000 118995.104571289761 15650746.000000000000 0.000 9.123790360252
20000813.000 121431.260300328213 0.000000000000 121431.260300328213 15650746.000000000000 0.000 9.310579339821
20000913.000 121430.890723827251 0.000000000000 121430.890723827251 15650746.000000000000 0.000 9.310551003038
20001013.000 118992.971134194289 0.000000000000 118992.971134194289 15650746.000000000000 0.000 9.123626781818
20001113.000 121430.124153290599 0.000000000000 121430.124153290599 15650746.000000000000 0.000 9.310492227268
20001213.000 118991.566464282732 0.000000000000 118991.566464282732 15650746.000000000000 0.000 9.123519080633
20010113.000 121358.219818877609 0.000000000000 121358.219818877609 15650746.000000000000 0.000 9.304979058676
20010213.000 121357.781037104127 0.000000000000 121357.781037104127 15650746.000000000000 0.000 9.304945415671
20010313.000 114253.083507406438 0.000000000000 114253.083507406438 15650746.000000000000 0.000 8.760202242685
20010413.000 121428.048043069808 0.000000000000 121428.048043069808 15650746.000000000000 0.000 9.310333044296
20010513.000 118988.188331612226 0.000000000000 118988.188331612226 15650746.000000000000 0.000 9.123260066832
20010613.000 121427.152357473009 0.000000000000 121427.152357473009 15650746.000000000000 0.000 9.310264368802
20010713.000 118986.609750696924 0.000000000000 118986.609750696924 15650746.000000000000 0.000 9.123139031254
20010813.000 121426.217537079719 0.000000000000 121426.217537079719 15650746.000000000000 0.000 9.310192692699
20010913.000 121425.736697451386 0.000000000000 121425.736697451386 15650746.000000000000 0.000 9.310155824965
20011013.000 118984.022321674274 0.000000000000 118984.022321674274 15650746.000000000000 0.000 9.122940643597
20011113.000 121424.741398390805 0.000000000000 121424.741398390805 15650746.000000000000 0.000 9.310079511741
20011213.000 118982.302864531055 0.000000000000 118982.302864531055 15650746.000000000000 0.000 9.122808806522
20020113.000 121352.298432755750 0.000000000000 121352.298432755750 15650746.000000000000 0.000 9.304525044321
20020213.000 121351.735008837364 0.000000000000 121351.735008837364 15650746.000000000000 0.000 9.304481844546
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20131013.000 97890.790238840273 183788.790710964997 281679.580949805269 12736897.000214006752 0.000 9.091541284064
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20131213.000 95119.248200968825 186590.465552668524 281709.713753637334 12365122.217223709449 0.000 9.093826533951
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20140213.000 92305.355229680819 189434.950676123466 281740.305905804271 11987679.950464325026 0.000 9.096278320018
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20150113.000 76042.427851943954 205874.664867656305 281917.092719600245 9806503.740812215954 0.000 9.113809898612
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<CAPTION>
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
20151013.000 61689.365950468731 220383.724364563386 282073.090315032110 7881820.043374190107 0.000 9.136679508768
20151113.000 60033.254423718492 222057.833895470103 282091.088319188624 7659762.209478720091 0.000 9.140008895410
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20160213.000 43449.330699400794 210188.543123566895 253637.873822967696 5601934.796609504148 0.000 8.970765723921
20160313.000 41882.215811559785 211773.195704807498 253655.411516367254 5390161.600904696621 0.000 8.971660827664
20160413.000 40303.265214014107 2299009.737152206246 2339313.002366220579 3091151.863752489910 0.000 8.972628621876
20160513.000 23252.380997376789 88790.604108910717 112042.985106287510 3002361.259643579368 0.000 9.026685982027
20160613.000 22613.365574280844 1540076.820582443150 1562690.186156723881 1462284.439061136218 0.000 9.038232358606
20160713.000 10833.610486553007 71010.808371587962 81844.418858140969 1391273.630689548329 0.000 8.890426675272
20160813.000 10331.688468746412 71518.529605411561 81850.218074157965 1319755.101084136870 0.000 8.911278046973
20160913.000 9826.173967828629 72032.407016885889 81858.580984714514 1247722.694067250937 0.000 8.934543046440
20161013.000 9317.023751373954 18194.103157419893 27511.126908793849 1229528.590909830993 0.000 8.960667746776
20161113.000 9181.169653090687 18331.443107461022 27512.612760551707 1211197.147802370135 0.000 8.960672948285
20161213.000 9044.290035651638 18469.819792753846 27514.109828405482 1192727.328009616118 0.000 8.960678335871
20170113.000 8906.377157655881 18609.241039366010 27515.618197021893 1174118.086970250122 0.000 8.960683920123
20170213.000 8767.423219263854 18749.714732442924 27517.137951706776 1155368.372237807140 0.000 8.960689712451
20170313.000 8627.420361756200 18891.248816653719 27518.669178409924 1136477.123421153519 0.000 8.960695725170
20170413.000 8486.360667089306 19033.851296640649 27520.211963729955 1117443.272124512820 0.000 8.960701971590
20170513.000 8344.236157447451 19177.530237471732 27521.766394919181 1098265.741887041135 0.000 8.960708466122
20170613.000 8201.038794791593 19322.293765096983 27523.332559888579 1078943.448121944210 0.000 8.960715224387
20170713.000 8056.760480404757 19468.150066807975 27524.910547212730 1059475.298055136343 0.000 8.960722263354
20170813.000 7911.393054433968 19615.107391700883 27526.500446134847 1039860.190663435380 0.000 8.960729601481
20170913.000 7764.928295428752 19763.174051143087 27528.102346571839 1020097.016612292267 0.000 8.960737258890
20171013.000 7617.357919876131 19912.358419243217 27529.716339119350 1000184.658193049137 0.000 8.960745257552
20171113.000 7468.673581732128 20062.668933324796 27531.342515056924 980121.989259724272 0.000 8.960753621506
20171213.000 7318.866871949712 20214.114094403434 27532.980966353145 959907.875165320816 0.000 8.960762377113
20180113.000 7167.929318003199 20366.702467667656 27534.631785670856 939541.172697653179 0.000 8.960771553335
20180213.000 7015.852383409059 20520.442682963330 27536.295066372386 919020.730014689849 0.000 8.960781182072
20180313.000 6862.627467243095 20675.343435281735 27537.970902524830 898345.386579408078 0.000 8.960791298538
20180413.000 6708.245903653989 20831.413485251393 27539.659388905380 877513.973094156710 0.000 8.960801941708
20180513.000 6552.698961373166 20988.661659633508 27541.360621006676 856525.311434523086 0.000 8.960813154828
20180613.000 6395.977843220972 21147.096851821243 27543.074695042214 835378.214582701796 0.000 8.960824986025
20180713.000 6238.073685609115 21306.728022342668 27544.801707951781 814071.486560359248 0.000 8.960837489005
20180813.000 6078.977558039338 21467.564199367600 27546.541757406936 792603.922360991710 0.000 8.960850723896
20180913.000 5918.680462598330 21629.614479218228 27548.294941816555 770974.307881773333 0.000 8.960864758228
20181013.000 5757.173333448810 21792.888026883553 27550.061360332362 749181.419854889857 0.000 8.960879668117
20181113.000 5594.447036316779 21957.394076537777 27551.841112854556 727224.025778352050 0.000 8.960895539668
20181213.000 5430.492367974889 22123.141932062583 27553.634300037473 705100.883846289362 0.000 8.960912470672
20190113.000 5265.300055721920 22290.140967573338 27555.441023295254 682810.742878715973 0.000 8.960930572658
20190213.000 5098.860756858325 22458.400627949290 27557.261384807614 660352.342250766698 0.000 8.960949973391
20190313.000 4931.165058157813 22627.930429367752 27559.095487525567 637724.411821398884 0.000 8.960970819942
20190413.000 4762.203475334960 22798.739959842340 27560.943435177298 614925.671861556591 0.000 8.960993282475
20190513.000 4591.966452508775 22970.838879765248 27562.805332274023 591954.832981791347 0.000 8.961017558966
20190613.000 4420.444361662228 23144.236922453641 27564.681284115868 568810.596059337724 0.000 8.961043881126
20190713.000 4247.627502097710 23318.943894700162 27566.571396797874 545491.652164637577 0.000 8.961072521908
20190813.000 4073.506099888359 23494.969677327583 27568.475777215939 521996.682487309969 0.000 8.961103805106
20190913.000 3898.070307325267 23672.324225747656 27570.394533072926 498324.358261562302 0.000 8.961138117777
20191013.000 3721.310202360496 23851.017570524200 27572.327772884695 474473.340691038116 0.000 8.961175926481
20191113.000 3543.215788045897 24031.059817940393 27574.275605986288 450442.280873097712 0.000 8.961217798797
20191213.000 3363.776991967696 24212.461150570391 27576.238142538085 426229.819722527289 0.000 8.961264432231
20200113.000 3182.983665676809 24395.231827855241 27578.215493532050 401834.587894672062 0.000 8.961316693653
20200213.000 3000.825584114844 24579.382186683149 27580.207770797995 377255.205707988876 0.000 8.961375674017
20200313.000 2817.292445035798 24764.922641974114 27582.215087009914 352490.283066014759 0.000 8.961442765775
20200413.000 2632.373868423355 24951.863687268986 27584.237555692340 327538.419378745777 0.000 8.961519774763
20200513.000 2446.059395903816 25140.215895322981 27586.275291226801 302398.203483422811 0.000 8.961609085896
20200613.000 2258.338490154570 25329.989918703683 27588.328408858251 277068.213564719132 0.000 8.961713915519
20200713.000 2069.200534308124 25521.196490393493 27590.397024701615 251547.017074325617 0.000 8.961838708321
20200813.000 1878.634831351614 25713.846424396714 27592.481255748327 225833.170649928885 0.000 8.961989785615
20200913.000 1686.630603521794 25907.950616351201 27594.581219872995 199925.220033577672 0.000 8.962176452650
20201013.000 1493.176991695457 26103.520044144541 27596.697035839996 173821.699989433138 0.000 8.962412994887
20201113.000 1298.263054775250 26300.565768535020 27598.828823310272 147521.134220898122 0.000 8.962722524432
20201213.000 1101.877769070856 26499.098933777179 27600.976702848035 121022.035287120947 0.000 8.963145042697
20210113.000 904.010027675500 26699.130768252129 27603.140795927629 94322.904518868818 0.000 8.963756316252
20210213.000 704.648639837759 26900.672585102609 27605.321224940366 67422.231933766219 0.000 8.964719355479
20210313.000 503.782330328613 27103.735782872875 27607.518113201488 40318.496150893341 0.000 8.966460751228
20210413.000 301.399738803739 27309.905763233117 27611.305502036856 13008.590387660222 0.000 8.970564904278
20210513.000 97.477703971534 13008.590384934525 13106.068088906059 0.000002705425 0.000 8.992000000000
20210613.000 0.000000000000 0.000000000000 0.000000000000 0.000002705425 0.000 0.000000000000
20210713.000 0.000000000000 0.000000000000 0.000000000000 0.000002705425 0.000 0.000000000000
20210813.000 0.000000000000 0.000000000000 0.000000000000 0.000002705425 0.000 0.000000000000
20210913.000 0.000000000000 0.000000000000 0.000000000000 0.000002705425 0.000 0.000000000000
20211013.000 0.000000000000 0.000000000000 0.000000000000 0.000002705425 0.000 0.000000000000
20211113.000 0.000000000000 0.000000000000 0.000000000000 0.000002705425 0.000 0.000000000000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
# DEAL: d3black BOND: B3
# Scenario: No prepayment till Anticipated Repayment Date.
#
# TOTAL (since settlement date):
# 0 0 0 0
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
19961022.000 0.000000000000 0.000000000000 0.000000000000 7825869.000000000000 0.000 0.000000000000
19961113.000 37690.267687603962 0.000000000000 37690.267687603962 7825869.000000000000 0.000 9.125266315666
19961213.000 59510.742283593790 0.000000000000 59510.742283593790 7825869.000000000000 0.000 9.125234621269
19970113.000 60689.115480990782 0.000000000000 60689.115480990782 7825869.000000000000 0.000 9.305923543723
19970213.000 60689.053811497579 0.000000000000 60689.053811497579 7825869.000000000000 0.000 9.305914087470
19970313.000 57152.684258834212 0.000000000000 57152.684258834212 7825869.000000000000 0.000 8.763655654165
19970413.000 60724.083948242769 0.000000000000 60724.083948242769 7825869.000000000000 0.000 9.311285524699
19970513.000 59510.135232604058 0.000000000000 59510.135232604058 7825869.000000000000 0.000 9.125141537524
19970613.000 60723.959426111920 0.000000000000 60723.959426111920 7825869.000000000000 0.000 9.311266430774
19970713.000 59509.801066731648 0.000000000000 59509.801066731648 7825869.000000000000 0.000 9.125090297330
19970813.000 60723.825881899342 0.000000000000 60723.825881899342 7825869.000000000000 0.000 9.311245953424
19970913.000 60723.755851760681 0.000000000000 60723.755851760681 7825869.000000000000 0.000 9.311235215171
19971013.000 59509.215453747573 0.000000000000 59509.215453747573 7825869.000000000000 0.000 9.125000500839
19971113.000 60723.608496147317 0.000000000000 60723.608496147317 7825869.000000000000 0.000 9.311212620014
19971213.000 59508.846428897879 0.000000000000 59508.846428897879 7825869.000000000000 0.000 9.124943915452
19980113.000 60688.232879473610 0.000000000000 60688.232879473610 7825869.000000000000 0.000 9.305788207721
19980213.000 60688.142235693056 0.000000000000 60688.142235693056 7825869.000000000000 0.000 9.305774308621
19980313.000 57148.521816366600 0.000000000000 57148.521816366600 7825869.000000000000 0.000 8.763017395211
19980413.000 60723.195789300364 0.000000000000 60723.195789300364 7825869.000000000000 0.000 9.311149336535
19980513.000 59508.037461720545 0.000000000000 59508.037461720545 7825869.000000000000 0.000 9.124819870364
19980613.000 60723.011964104917 0.000000000000 60723.011964104917 7825869.000000000000 0.000 9.311121149220
19980713.000 59507.618410357376 0.000000000000 59507.618410357376 7825869.000000000000 0.000 9.124755614032
19980813.000 60722.817173693395 0.000000000000 60722.817173693395 7825869.000000000000 0.000 9.311091280525
19980913.000 60722.715887928527 0.000000000000 60722.715887928527 7825869.000000000000 0.000 9.311075749609
19981013.000 59506.900786104510 0.000000000000 59506.900786104510 7825869.000000000000 0.000 9.124645575249
19981113.000 60722.504264543837 0.000000000000 60722.504264543837 7825869.000000000000 0.000 9.311043299786
19981213.000 59506.440319818008 0.000000000000 59506.440319818008 7825869.000000000000 0.000 9.124574968452
19990113.000 60686.968342462023 0.000000000000 60686.968342462023 7825869.000000000000 0.000 9.305594306646
19990213.000 60686.842584935119 0.000000000000 60686.842584935119 7825869.000000000000 0.000 9.305575023288
19990313.000 57143.547491524419 0.000000000000 57143.547491524419 7825869.000000000000 0.000 8.762254644159
19990413.000 60721.921182425765 0.000000000000 60721.921182425765 7825869.000000000000 0.000 9.310953891371
19990513.000 59505.389983422385 0.000000000000 59505.389983422385 7825869.000000000000 0.000 9.124413912386
19990613.000 60721.665425170861 0.000000000000 60721.665425170861 7825869.000000000000 0.000 9.310914674167
19990713.000 59504.869435686298 0.000000000000 59504.869435686298 7825869.000000000000 0.000 9.124334092843
19990813.000 60721.396360569488 0.000000000000 60721.396360569488 7825869.000000000000 0.000 9.310873416445
19990913.000 60721.257171754900 0.000000000000 60721.257171754900 7825869.000000000000 0.000 9.310852073566
19991013.000 59503.993936386345 0.000000000000 59503.993936386345 7825869.000000000000 0.000 9.124199845878
19991113.000 60720.967628771861 0.000000000000 60720.967628771861 7825869.000000000000 0.000 9.310807675739
19991213.000 59503.424093251924 0.000000000000 59503.424093251924 7825869.000000000000 0.000 9.124112467498
20000113.000 60720.663683451865 0.000000000000 60720.663683451865 7825869.000000000000 0.000 9.310761069492
20000213.000 60685.072952342511 0.000000000000 60685.072952342511 7825869.000000000000 0.000 9.305303672066
20000313.000 58320.042976793571 0.000000000000 58320.042976793571 7825869.000000000000 0.000 8.942655642735
20000413.000 60720.179302035765 0.000000000000 60720.179302035765 7825869.000000000000 0.000 9.310686795606
20000513.000 59501.966972098984 0.000000000000 59501.966972098984 7825869.000000000000 0.000 9.123889036031
20000613.000 60719.836972335019 0.000000000000 60719.836972335019 7825869.000000000000 0.000 9.310634303590
20000713.000 59501.323452328361 0.000000000000 59501.323452328361 7825869.000000000000 0.000 9.123790360252
20000813.000 60719.478522963458 0.000000000000 60719.478522963458 7825869.000000000000 0.000 9.310579339822
20000913.000 60719.293723002113 0.000000000000 60719.293723002113 7825869.000000000000 0.000 9.310551003039
20001013.000 59500.256666167428 0.000000000000 59500.256666167428 7825869.000000000000 0.000 9.123626781818
20001113.000 60718.910413436919 0.000000000000 60718.910413436919 7825869.000000000000 0.000 9.310492227269
20001213.000 59499.554286695893 0.000000000000 59499.554286695893 7825869.000000000000 0.000 9.123519080633
20010113.000 60682.955967450951 0.000000000000 60682.955967450951 7825869.000000000000 0.000 9.304979058676
20010213.000 60682.736562660029 0.000000000000 60682.736562660029 7825869.000000000000 0.000 9.304945415671
20010313.000 57130.162637272799 0.000000000000 57130.162637272799 7825869.000000000000 0.000 8.760202242681
20010413.000 60717.872292529675 0.000000000000 60717.872292529675 7825869.000000000000 0.000 9.310333044297
20010513.000 59497.865113304317 0.000000000000 59497.865113304317 7825869.000000000000 0.000 9.123260066833
20010613.000 60717.424421335236 0.000000000000 60717.424421335236 7825869.000000000000 0.000 9.310264368801
20010713.000 59497.075772822835 0.000000000000 59497.075772822835 7825869.000000000000 0.000 9.123139031255
20010813.000 60716.956981523581 0.000000000000 60716.956981523581 7825869.000000000000 0.000 9.310192692700
20010913.000 60716.716546470801 0.000000000000 60716.716546470801 7825869.000000000000 0.000 9.310155824965
20011013.000 59495.781976306876 0.000000000000 59495.781976306876 7825869.000000000000 0.000 9.122940643597
20011113.000 60716.218865400100 0.000000000000 60716.218865400100 7825869.000000000000 0.000 9.310079511742
20011213.000 59494.922193244296 0.000000000000 59494.922193244296 7825869.000000000000 0.000 9.122808806523
20020113.000 60679.995086731476 0.000000000000 60679.995086731476 7825869.000000000000 0.000 9.304525044321
20020213.000 60679.713356915490 0.000000000000 60679.713356915490 7825869.000000000000 0.000 9.304481844546
20020313.000 57121.704107953272 0.000000000000 57121.704107953272 7825869.000000000000 0.000 8.758905232064
20020413.000 60714.877498359005 0.000000000000 60714.877498359005 7825869.000000000000 0.000 9.309873829735
20020513.000 59492.816860990984 0.000000000000 59492.816860990984 7825869.000000000000 0.000 9.122485979920
20020613.000 60714.301510523481 0.000000000000 60714.301510523481 7825869.000000000000 0.000 9.309785509140
20020713.000 59491.852173842984 0.000000000000 59491.852173842984 7825869.000000000000 0.000 9.122338057104
20020813.000 60713.701725938095 0.000000000000 60713.701725938095 7825869.000000000000 0.000 9.309693539609
20020913.000 60713.393711536555 0.000000000000 60713.393711536555 7825869.000000000000 0.000 9.309646309419
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
20021013.000 59490.285213821830 0.000000000000 59490.285213821830 7825869.000000000000 0.000 9.122097783209
20021113.000 60712.757078797127 0.000000000000 60712.757078797127 7825869.000000000000 0.000 9.309548689680
20021213.000 59489.235897247352 0.000000000000 59489.235897247352 7825869.000000000000 0.000 9.121936883520
20030113.000 60676.212286402530 0.000000000000 60676.212286402530 7825869.000000000000 0.000 9.303944998783
20030213.000 60675.854840388391 0.000000000000 60675.854840388391 7825869.000000000000 0.000 9.303890188868
20030313.000 57111.630067426449 0.000000000000 57111.630067426449 7825869.000000000000 0.000 8.757360502829
20030413.000 60711.047052143920 0.000000000000 60711.047052143920 7825869.000000000000 0.000 9.309286478290
20030513.000 59725.327659145543 0.000000000000 59725.327659145543 7825869.000000000000 0.000 9.158138628563
20030613.000 60953.539248324516 0.000000000000 60953.539248324516 7825869.000000000000 0.000 9.346469650590
20030713.000 59695.134127222314 0.000000000000 59695.134127222314 7825869.000000000000 0.000 9.153508824728
20030813.000 60909.692824275735 0.000000000000 60909.692824275735 7825869.000000000000 0.000 9.339746344991
20030913.000 60909.336209495596 0.000000000000 60909.336209495596 7825869.000000000000 0.000 9.339691662535
20031013.000 59726.713478453770 0.000000000000 59726.713478453770 7825869.000000000000 0.000 9.158351126775
20031113.000 61405.380041040517 0.000000000000 61405.380041040517 7825869.000000000000 0.000 9.415753835037
20031213.000 60241.609126140451 0.000000000000 60241.609126140451 7825869.000000000000 0.000 9.237303991591
20040113.000 61405.239784649741 0.000000000000 61405.239784649741 7825869.000000000000 0.000 9.415732328458
20040213.000 61405.177634063664 0.000000000000 61405.177634063664 7825869.000000000000 0.000 9.415722798436
20040313.000 59076.295802031156 0.000000000000 59076.295802031156 7825869.000000000000 0.000 9.058617638813
20040413.000 61404.984121181289 0.000000000000 61404.984121181289 7825869.000000000000 0.000 9.415693125635
20040513.000 60240.195168547194 0.000000000000 60240.195168547194 7825869.000000000000 0.000 9.237087178722
20040613.000 61404.800730355411 0.000000000000 61404.800730355411 7825869.000000000000 0.000 9.415665004925
20040713.000 60239.561869592188 0.000000000000 60239.561869592188 7825869.000000000000 0.000 9.236990070178
20040813.000 61404.599051713296 0.000000000000 61404.599051713296 7825869.000000000000 0.000 9.415634080005
20040913.000 61404.505563871477 0.000000000000 61404.505563871477 7825869.000000000000 0.000 9.415619744804
20041013.000 60238.507694248030 0.000000000000 60238.507694248030 7825869.000000000000 0.000 9.236828425456
20041113.000 61404.275569127451 0.000000000000 61404.275569127451 7825869.000000000000 0.000 9.415584477961
20041213.000 60237.797621007456 0.000000000000 60237.797621007456 7825869.000000000000 0.000 9.236719544527
20050113.000 61404.025403890766 0.000000000000 61404.025403890766 7825869.000000000000 0.000 9.415546118223
20050213.000 61403.907172803796 0.000000000000 61403.907172803796 7825869.000000000000 0.000 9.415527988951
20050313.000 57902.301829240583 0.000000000000 57902.301829240583 7825869.000000000000 0.000 8.878600216166
20050413.000 61403.566216827909 0.000000000000 61403.566216827909 7825869.000000000000 0.000 9.415475707579
20050513.000 60236.022042243545 0.000000000000 60236.022042243545 7825869.000000000000 0.000 9.236447281534
20050613.000 61403.260412397663 0.000000000000 61403.260412397663 7825869.000000000000 0.000 9.415428816260
20050713.000 60235.195163204779 0.000000000000 60235.195163204779 7825869.000000000000 0.000 9.236320489884
20050813.000 61402.931375907225 0.000000000000 61402.931375907225 7825869.000000000000 0.000 9.415378362593
20050913.000 61402.772865002895 0.000000000000 61402.772865002895 7825869.000000000000 0.000 9.415354056911
20051013.000 60233.837564848014 0.000000000000 60233.837564848014 7825869.000000000000 0.000 9.236112319005
20051113.000 61402.407731847263 0.000000000000 61402.407731847263 7825869.000000000000 0.000 9.415298068268
20051213.000 60232.915243408133 0.000000000000 60232.915243408133 7825869.000000000000 0.000 9.235970892445
20060113.000 61402.016945170559 0.000000000000 61402.016945170559 7825869.000000000000 0.000 9.415238145975
20060213.000 61401.826890341610 0.000000000000 61401.826890341610 7825869.000000000000 0.000 9.415209003423
20060313.000 57890.963181513536 0.000000000000 57890.963181513536 7825869.000000000000 0.000 8.876861575094
20060413.000 61618.108322058019 0.000000000000 61618.108322058019 7825869.000000000000 0.000 9.448373079906
20060513.000 60580.483907490423 0.000000000000 60580.483907490423 7825869.000000000000 0.000 9.289266238547
20060613.000 61750.700742728790 0.000000000000 61750.700742728790 7825869.000000000000 0.000 9.468704483972
20060713.000 60592.347212820634 0.000000000000 60592.347212820634 7825869.000000000000 0.000 9.291085329359
20060813.000 61706.516275624039 0.000000000000 61706.516275624039 7825869.000000000000 0.000 9.461929343661
20060913.000 61597.568685580387 0.000000000000 61597.568685580387 7825869.000000000000 0.000 9.445223581266
20061013.000 60523.120064856135 0.000000000000 60523.120064856135 7825869.000000000000 0.000 9.280470204373
20061113.000 61974.431325478676 0.000000000000 61974.431325478676 7825869.000000000000 0.000 9.503010795424
20061213.000 60658.661804444011 0.000000000000 60658.661804444011 7825869.000000000000 0.000 9.301253849934
20070113.000 61976.539840641621 0.000000000000 61976.539840641621 7825869.000000000000 0.000 9.503334110087
20070213.000 61977.565653947131 0.000000000000 61977.565653947131 7825869.000000000000 0.000 9.503491405841
20070313.000 58023.544714154748 0.000000000000 58023.544714154748 7825869.000000000000 0.000 8.897191309615
20070413.000 61979.892362996448 0.000000000000 61979.892362996448 7825869.000000000000 0.000 9.503848177831
20070513.000 60661.779478601718 0.000000000000 60661.779478601718 7825869.000000000000 0.000 9.301731906619
20070613.000 61982.092045656071 0.000000000000 61982.092045656071 7825869.000000000000 0.000 9.504185471899
20070713.000 60662.922217588282 0.000000000000 60662.922217588282 7825869.000000000000 0.000 9.301907131477
20070813.000 61984.329136446300 0.000000000000 61984.329136446300 7825869.000000000000 0.000 9.504528502041
20070913.000 61985.420764465773 0.000000000000 61985.420764465773 7825869.000000000000 0.000 9.504695889665
20071013.000 60664.546872297113 0.000000000000 60664.546872297113 7825869.000000000000 0.000 9.302156252137
20071113.000 61987.715266602943 0.000000000000 61987.715266602943 7825869.000000000000 0.000 9.505047723125
20071213.000 60665.701174638467 0.000000000000 60665.701174638467 7825869.000000000000 0.000 9.302333250092
20080113.000 61990.050029764338 0.000000000000 61990.050029764338 7825869.000000000000 0.000 9.505405730113
20080213.000 61991.191729479338 0.000000000000 61991.191729479338 7825869.000000000000 0.000 9.505580795612
20080313.000 59342.341629716415 0.000000000000 59342.341629716415 7825869.000000000000 0.000 9.099412468527
20080413.000 61993.671114563243 0.000000000000 61993.671114563243 7825869.000000000000 0.000 9.505960978580
20080513.000 60668.707477688629 0.000000000000 60668.707477688629 7825869.000000000000 0.000 9.302794229398
20080613.000 61996.112960741702 0.000000000000 61996.112960741702 7825869.000000000000 0.000 9.506335405421
20080713.000 60669.881029319302 0.000000000000 60669.881029319302 7825869.000000000000 0.000 9.302974178993
20080813.000 61980.604203820410 0.000000000000 61980.604203820410 7825869.000000000000 0.000 9.503957329797
20080913.000 61981.890183508433 0.000000000000 61981.890183508433 7825869.000000000000 0.000 9.504154518841
20081013.000 60647.567581254618 0.000000000000 60647.567581254618 7825869.000000000000 0.000 9.299552688335
20081113.000 61984.579189507946 0.000000000000 61984.579189507946 7825869.000000000000 0.000 9.504566844578
20081213.000 60648.920701485978 0.000000000000 60648.920701485978 7825869.000000000000 0.000 9.299760172549
20090113.000 61987.321076686130 0.000000000000 61987.321076686130 7825869.000000000000 0.000 9.504987278988
20090213.000 61988.672899941288 0.000000000000 61988.672899941288 7825869.000000000000 0.000 9.505194564326
20090313.000 57972.535422440567 0.000000000000 57972.535422440567 7825869.000000000000 0.000 8.889369667053
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
20090413.000 61991.655668937892 0.000000000000 61991.655668937892 7825869.000000000000 0.000 9.505651934977
20090513.000 61175.623542940921 0.000000000000 61175.623542940921 7825869.000000000000 0.000 9.380523524164
20090613.000 62471.740331473906 0.000000000000 62471.740331473906 7825869.000000000000 0.000 9.579266966744
20090713.000 61178.946449317824 0.000000000000 61178.946449317824 7825869.000000000000 0.000 9.381033050666
20090813.000 62476.626080317474 0.000000000000 62476.626080317474 7825869.000000000000 0.000 9.580016135765
20090913.000 62479.090723900859 0.000000000000 62479.090723900859 7825869.000000000000 0.000 9.580394058306
20091013.000 61183.983158153365 0.000000000000 61183.983158153365 7825869.000000000000 0.000 9.381805367530
20091113.000 62484.170120840034 0.000000000000 62484.170120840034 7825869.000000000000 0.000 9.581172920861
20091213.000 61187.494512263758 0.000000000000 61187.494512263758 7825869.000000000000 0.000 9.382343790155
20100113.000 62489.386151432343 0.000000000000 62489.386151432343 7825869.000000000000 0.000 9.581972734494
20100213.000 62492.021471098531 0.000000000000 62492.021471098531 7825869.000000000000 0.000 9.582376828096
20100313.000 58589.100314970616 0.000000000000 58589.100314970616 7825869.000000000000 0.000 8.983912250252
20100413.000 62497.556935755667 0.000000000000 62497.556935755667 7825869.000000000000 0.000 9.583225622983
20100513.000 61196.898880976703 0.000000000000 61196.898880976703 7825869.000000000000 0.000 9.383785833519
20100613.000 62503.144394624462 0.000000000000 62503.144394624462 7825869.000000000000 0.000 9.584082390537
20100713.000 61200.718476720569 0.000000000000 61200.718476720569 7825869.000000000000 0.000 9.384371521177
20100813.000 62508.891520390498 0.000000000000 62508.891520390498 7825869.000000000000 0.000 9.584963641031
20100913.000 62511.801748295889 0.000000000000 62511.801748295889 7825869.000000000000 0.000 9.585409888404
20101013.000 61206.540584975628 0.000000000000 61206.540584975628 7825869.000000000000 0.000 9.385264269306
20101113.000 62517.801753806169 0.000000000000 62517.801753806169 7825869.000000000000 0.000 9.586329914872
20101213.000 61210.603431428826 0.000000000000 61210.603431428826 7825869.000000000000 0.000 9.385887256446
20110113.000 62523.981167054677 0.000000000000 62523.981167054677 7825869.000000000000 0.000 9.587277451292
20110213.000 62527.115568664434 0.000000000000 62527.115568664434 7825869.000000000000 0.000 9.587758072924
20110313.000 58589.840343387652 0.000000000000 58589.840343387652 7825869.000000000000 0.000 8.984025724436
20110413.000 62506.083682804201 0.000000000000 62506.083682804201 7825869.000000000000 0.000 9.584533093943
20110513.000 61161.488005735460 0.000000000000 61161.488005735460 7825869.000000000000 0.000 9.378356014761
20110613.000 62382.988277440454 0.000000000000 62382.988277440454 7825869.000000000000 0.000 9.565657939448
20110713.000 60023.747135679761 0.000000000000 60023.747135679761 7825869.000000000000 0.000 9.203897556018
20110813.000 61227.013855085745 0.000000000000 61227.013855085745 7825869.000000000000 0.000 9.388403591487
20110913.000 61003.846614390888 0.000000000000 61003.846614390888 7825869.000000000000 0.000 9.354183661555
20111013.000 58470.422724232048 0.000000000000 58470.422724232048 7825869.000000000000 0.000 8.965714512865
20111113.000 58508.562515222293 0.000000000000 58508.562515222293 7825869.000000000000 0.000 8.971562777024
20111213.000 57386.045030806003 0.000000000000 57386.045030806003 7825869.000000000000 0.000 8.799438635756
20120113.000 58513.387217705706 0.000000000000 58513.387217705706 7825869.000000000000 0.000 8.972302585342
20120213.000 58515.870756296616 0.000000000000 58515.870756296616 7825869.000000000000 0.000 8.972683405198
20120313.000 56277.509354901260 0.000000000000 56277.509354901260 7825869.000000000000 0.000 8.629458431502
20120413.000 58521.193696415721 0.000000000000 58521.193696415721 7825869.000000000000 0.000 8.973499612081
20120513.000 57406.769641484309 0.000000000000 57406.769641484309 7825869.000000000000 0.000 8.802616497897
20120613.000 58526.775627192474 0.000000000000 58526.775627192474 7825869.000000000000 0.000 8.974355531971
20120713.000 57415.941774543513 0.000000000000 57415.941774543513 7825869.000000000000 0.000 8.804022930802
20120813.000 58532.712314644370 0.000000000000 58532.712314644370 7825869.000000000000 0.000 8.975265849399
20120913.000 58535.790707555338 0.000000000000 58535.790707555338 7825869.000000000000 0.000 8.975737882792
20121013.000 57430.753598787967 0.000000000000 57430.753598787967 7825869.000000000000 0.000 8.806294140439
20121113.000 58542.326857429689 0.000000000000 58542.326857429689 7825869.000000000000 0.000 8.976740120352
20121213.000 57441.542620425746 0.000000000000 57441.542620425746 7825869.000000000000 0.000 8.807948503164
20130113.000 58549.317710971278 0.000000000000 58549.317710971278 7825869.000000000000 0.000 8.977812081082
20130213.000 58552.964181226343 0.000000000000 58552.964181226343 7825869.000000000000 0.000 8.978371222093
20130313.000 55263.844516268102 7825869.000000000000 7881132.844516268000 0.000000000000 0.000 8.474025494104
20130413.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20130513.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20130613.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
# DEAL: d3black BOND: B2
# Scenario: No prepayment till Anticipated Repayment Date.
#
# TOTAL (since settlement date):
# 0 0 0 0
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
19961022.000 0.000000000000 0.000000000000 0.000000000000 27390544.000000000000 0.000 0.000000000000
19961113.000 131915.948946895805 0.000000000000 131915.948946895805 27390544.000000000000 0.000 9.125266315666
19961213.000 208287.617003483756 0.000000000000 208287.617003483756 27390544.000000000000 0.000 9.125234621269
19970113.000 212411.923570808460 0.000000000000 212411.923570808460 27390544.000000000000 0.000 9.305923543723
19970213.000 212411.707727562520 0.000000000000 212411.707727562520 27390544.000000000000 0.000 9.305914087470
19970313.000 200034.413163535675 0.000000000000 200034.413163535675 27390544.000000000000 0.000 8.763655654165
19970413.000 212534.313217361196 0.000000000000 212534.313217361196 27390544.000000000000 0.000 9.311285524699
19970513.000 208285.492324825696 0.000000000000 208285.492324825696 27390544.000000000000 0.000 9.125141537524
19970613.000 212533.877389863483 0.000000000000 212533.877389863483 27390544.000000000000 0.000 9.311266430774
19970713.000 208284.322744165576 0.000000000000 208284.322744165576 27390544.000000000000 0.000 9.125090297330
19970813.000 212533.409985076811 0.000000000000 212533.409985076811 27390544.000000000000 0.000 9.311245953424
19970913.000 212533.164879569056 0.000000000000 212533.164879569056 27390544.000000000000 0.000 9.311235215171
19971013.000 208282.273098534206 0.000000000000 208282.273098534206 27390544.000000000000 0.000 9.125000500839
19971113.000 212532.649134875275 0.000000000000 212532.649134875275 27390544.000000000000 0.000 9.311212620014
19971213.000 208280.981511442398 0.000000000000 208280.981511442398 27390544.000000000000 0.000 9.124943915452
19980113.000 212408.834465216409 0.000000000000 212408.834465216409 27390544.000000000000 0.000 9.305788207721
19980213.000 212408.517211955506 0.000000000000 212408.517211955506 27390544.000000000000 0.000 9.305774308621
19980313.000 200019.844613569352 0.000000000000 200019.844613569352 27390544.000000000000 0.000 8.763017395211
19980413.000 212531.204660779069 0.000000000000 212531.204660779069 27390544.000000000000 0.000 9.311149336535
19980513.000 208278.150126063323 0.000000000000 208278.150126063323 27390544.000000000000 0.000 9.124819870364
19980613.000 212530.561272536317 0.000000000000 212530.561272536317 27390544.000000000000 0.000 9.311121149220
19980713.000 208276.683446158364 0.000000000000 208276.683446158364 27390544.000000000000 0.000 9.124755614032
19980813.000 212529.879506033700 0.000000000000 212529.879506033700 27390544.000000000000 0.000 9.311091280525
19980913.000 212529.525005824340 0.000000000000 212529.525005824340 27390544.000000000000 0.000 9.311075749609
19981013.000 208274.171761044068 0.000000000000 208274.171761044068 27390544.000000000000 0.000 9.124645575249
19981113.000 212528.784323910280 0.000000000000 212528.784323910280 27390544.000000000000 0.000 9.311043299786
19981213.000 208272.560128894227 0.000000000000 208272.560128894227 27390544.000000000000 0.000 9.124574968452
19990113.000 212404.408585271885 0.000000000000 212404.408585271885 27390544.000000000000 0.000 9.305594306646
19990213.000 212403.968433887523 0.000000000000 212403.968433887523 27390544.000000000000 0.000 9.305575023288
19990313.000 200002.434475032642 0.000000000000 200002.434475032642 27390544.000000000000 0.000 8.762254644159
19990413.000 212526.743536310794 0.000000000000 212526.743536310794 27390544.000000000000 0.000 9.310953891371
19990513.000 208268.883951173979 0.000000000000 208268.883951173979 27390544.000000000000 0.000 9.124413912386
19990613.000 212525.848385836900 0.000000000000 212525.848385836900 27390544.000000000000 0.000 9.310914674167
19990713.000 208267.062033931405 0.000000000000 208267.062033931405 27390544.000000000000 0.000 9.124334092843
19990813.000 212524.906659646134 0.000000000000 212524.906659646134 27390544.000000000000 0.000 9.310873416445
19990913.000 212524.419498750620 0.000000000000 212524.419498750620 27390544.000000000000 0.000 9.310852073566
19991013.000 208263.997786101885 0.000000000000 208263.997786101885 27390544.000000000000 0.000 9.124199845878
19991113.000 212523.406098217500 0.000000000000 212523.406098217500 27390544.000000000000 0.000 9.310807675739
19991213.000 208262.003334949375 0.000000000000 208262.003334949375 27390544.000000000000 0.000 9.124112467498
20000113.000 212522.342289500433 0.000000000000 212522.342289500433 27390544.000000000000 0.000 9.310761069492
20000213.000 212397.774719248060 0.000000000000 212397.774719248060 27390544.000000000000 0.000 9.305303672066
20000313.000 204120.169049310090 0.000000000000 204120.169049310090 27390544.000000000000 0.000 8.942655642735
20000413.000 212520.646954389347 0.000000000000 212520.646954389347 27390544.000000000000 0.000 9.310686795606
20000513.000 208256.903410448605 0.000000000000 208256.903410448605 27390544.000000000000 0.000 9.123889036031
20000613.000 212519.448800327373 0.000000000000 212519.448800327373 27390544.000000000000 0.000 9.310634303590
20000713.000 208254.651091045816 0.000000000000 208254.651091045816 27390544.000000000000 0.000 9.123790360252
20000813.000 212518.194227412401 0.000000000000 212518.194227412401 27390544.000000000000 0.000 9.310579339822
20000913.000 212517.547427488666 0.000000000000 212517.547427488666 27390544.000000000000 0.000 9.310551003039
20001013.000 208250.917339141830 0.000000000000 208250.917339141830 27390544.000000000000 0.000 9.123626781818
20001113.000 212516.205843887990 0.000000000000 212516.205843887990 27390544.000000000000 0.000 9.310492227269
20001213.000 208248.459010767023 0.000000000000 208248.459010767023 27390544.000000000000 0.000 9.123519080633
20010113.000 212390.365271451330 0.000000000000 212390.365271451330 27390544.000000000000 0.000 9.304979058676
20010213.000 212389.597354613070 0.000000000000 212389.597354613070 27390544.000000000000 0.000 9.304945415671
20010313.000 199955.587480876129 0.000000000000 199955.587480876129 27390544.000000000000 0.000 8.760202242681
20010413.000 212512.572420381039 0.000000000000 212512.572420381039 27390544.000000000000 0.000 9.310333044297
20010513.000 208242.546903356910 0.000000000000 208242.546903356910 27390544.000000000000 0.000 9.123260066833
20010613.000 212511.004871057463 0.000000000000 212511.004871057463 27390544.000000000000 0.000 9.310264368801
20010713.000 208239.784211419581 0.000000000000 208239.784211419581 27390544.000000000000 0.000 9.123139031255
20010813.000 212509.368831567321 0.000000000000 212509.368831567321 27390544.000000000000 0.000 9.310192692700
20010913.000 212508.527308805787 0.000000000000 212508.527308805787 27390544.000000000000 0.000 9.310155824965
20011013.000 208235.255923200428 0.000000000000 208235.255923200428 27390544.000000000000 0.000 9.122940643597
20011113.000 212506.785424899339 0.000000000000 212506.785424899339 27390544.000000000000 0.000 9.310079511742
20011213.000 208232.246682206751 0.000000000000 208232.246682206751 27390544.000000000000 0.000 9.122808806523
20020113.000 212380.002187987353 0.000000000000 212380.002187987353 27390544.000000000000 0.000 9.304525044321
20020213.000 212379.016133541387 0.000000000000 212379.016133541387 27390544.000000000000 0.000 9.304481844546
20020313.000 199925.982625555684 0.000000000000 199925.982625555684 27390544.000000000000 0.000 8.758905232064
20020413.000 212502.090639827045 0.000000000000 212502.090639827045 27390544.000000000000 0.000 9.309873829735
20020513.000 208224.878018647578 0.000000000000 208224.878018647578 27390544.000000000000 0.000 9.122485979920
20020613.000 212500.074682218692 0.000000000000 212500.074682218692 27390544.000000000000 0.000 9.309785509140
20020713.000 208221.501613321423 0.000000000000 208221.501613321423 27390544.000000000000 0.000 9.122338057104
20020813.000 212497.975435978209 0.000000000000 212497.975435978209 27390544.000000000000 0.000 9.309693539609
20020913.000 212496.897385474382 0.000000000000 212496.897385474382 27390544.000000000000 0.000 9.309646309419
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
20021013.000 208216.017252746766 0.000000000000 208216.017252746766 27390544.000000000000 0.000 9.122097783209
20021113.000 212494.669170683046 0.000000000000 212494.669170683046 27390544.000000000000 0.000 9.309548689680
20021213.000 208212.344644400902 0.000000000000 208212.344644400902 27390544.000000000000 0.000 9.121936883520
20030113.000 212366.762385627604 0.000000000000 212366.762385627604 27390544.000000000000 0.000 9.303944998783
20030213.000 212365.511324463907 0.000000000000 212365.511324463907 27390544.000000000000 0.000 9.303890188868
20030313.000 199890.723480493616 0.000000000000 199890.723480493616 27390544.000000000000 0.000 8.757360502829
20030413.000 212488.684076850506 0.000000000000 212488.684076850506 27390544.000000000000 0.000 9.309286478290
20030513.000 209038.665886464878 0.000000000000 209038.665886464878 27390544.000000000000 0.000 9.158138628563
20030613.000 213337.406840947544 0.000000000000 213337.406840947544 27390544.000000000000 0.000 9.346469650590
20030713.000 208932.988515088160 0.000000000000 208932.988515088160 27390544.000000000000 0.000 9.153508824728
20030813.000 213183.944342769915 0.000000000000 213183.944342769915 27390544.000000000000 0.000 9.339746344991
20030913.000 213182.696190925606 0.000000000000 213182.696190925606 27390544.000000000000 0.000 9.339691662535
20031013.000 209043.516254486371 0.000000000000 209043.516254486371 27390544.000000000000 0.000 9.158351126775
20031113.000 214918.849759795616 0.000000000000 214918.849759795616 27390544.000000000000 0.000 9.415753835037
20031213.000 210845.651185874856 0.000000000000 210845.651185874856 27390544.000000000000 0.000 9.237303991591
20040113.000 214918.358862383146 0.000000000000 214918.358862383146 27390544.000000000000 0.000 9.415732328458
20040213.000 214918.141335311957 0.000000000000 214918.141335311957 27390544.000000000000 0.000 9.415722798436
20040313.000 206767.054179229133 0.000000000000 206767.054179229133 27390544.000000000000 0.000 9.058617638813
20040413.000 214917.464040161867 0.000000000000 214917.464040161867 27390544.000000000000 0.000 9.415693125635
20040513.000 210840.702333846799 0.000000000000 210840.702333846799 27390544.000000000000 0.000 9.237087178722
20040613.000 214916.822172212676 0.000000000000 214916.822172212676 27390544.000000000000 0.000 9.415665004925
20040713.000 210838.485787301994 0.000000000000 210838.485787301994 27390544.000000000000 0.000 9.236990070178
20040813.000 214916.116296900873 0.000000000000 214916.116296900873 27390544.000000000000 0.000 9.415634080005
20040913.000 214915.789089424652 0.000000000000 214915.789089424652 27390544.000000000000 0.000 9.415619744804
20041013.000 210834.796173260664 0.000000000000 210834.796173260664 27390544.000000000000 0.000 9.236828425456
20041113.000 214914.984107747092 0.000000000000 214914.984107747092 27390544.000000000000 0.000 9.415584477961
20041213.000 210832.310916691815 0.000000000000 210832.310916691815 27390544.000000000000 0.000 9.236719544527
20050113.000 214914.108529338788 0.000000000000 214914.108529338788 27390544.000000000000 0.000 9.415546118223
20050213.000 214913.694720496598 0.000000000000 214913.694720496598 27390544.000000000000 0.000 9.415527988951
20050313.000 202658.074899425817 0.000000000000 202658.074899425817 27390544.000000000000 0.000 8.878600216166
20050413.000 214912.501374472049 0.000000000000 214912.501374472049 27390544.000000000000 0.000 9.415475707579
20050513.000 210826.096390450926 0.000000000000 210826.096390450926 27390544.000000000000 0.000 9.236447281534
20050613.000 214911.431058868504 0.000000000000 214911.431058868504 27390544.000000000000 0.000 9.415428816260
20050713.000 210823.202313551068 0.000000000000 210823.202313551068 27390544.000000000000 0.000 9.236320489884
20050813.000 214910.279431046860 0.000000000000 214910.279431046860 27390544.000000000000 0.000 9.415378362593
20050913.000 214909.724642831105 0.000000000000 214909.724642831105 27390544.000000000000 0.000 9.415354056911
20051013.000 210818.450718868728 0.000000000000 210818.450718868728 27390544.000000000000 0.000 9.236112319005
20051113.000 214908.446676669701 0.000000000000 214908.446676669701 27390544.000000000000 0.000 9.415298068268
20051213.000 210815.222593534505 0.000000000000 210815.222593534505 27390544.000000000000 0.000 9.235970892445
20060113.000 214907.078923176421 0.000000000000 214907.078923176421 27390544.000000000000 0.000 9.415238145975
20060213.000 214906.413731214416 0.000000000000 214906.413731214416 27390544.000000000000 0.000 9.415209003423
20060313.000 202618.389628758974 0.000000000000 202618.389628758974 27390544.000000000000 0.000 8.876861575094
20060413.000 215663.398811313615 0.000000000000 215663.398811313615 27390544.000000000000 0.000 9.448373079906
20060513.000 212031.713028854458 0.000000000000 212031.713028854458 27390544.000000000000 0.000 9.289266238547
20060613.000 216127.472326018440 0.000000000000 216127.472326018440 27390544.000000000000 0.000 9.468704483972
20060713.000 212073.234601299977 0.000000000000 212073.234601299977 27390544.000000000000 0.000 9.291085329359
20060813.000 215972.826677036908 0.000000000000 215972.826677036908 27390544.000000000000 0.000 9.461929343661
20060913.000 215591.510077080457 0.000000000000 215591.510077080457 27390544.000000000000 0.000 9.445223581266
20061013.000 211830.939561309409 0.000000000000 211830.939561309409 27390544.000000000000 0.000 9.280470204373
20061113.000 216910.529437114543 0.000000000000 216910.529437114543 27390544.000000000000 0.000 9.503010795424
20061213.000 212305.335693166213 0.000000000000 212305.335693166213 27390544.000000000000 0.000 9.301253849934
20070113.000 216917.909240858367 0.000000000000 216917.909240858367 27390544.000000000000 0.000 9.503334110087
20070213.000 216921.499587755388 0.000000000000 216921.499587755388 27390544.000000000000 0.000 9.503491405841
20070313.000 203082.425035356893 0.000000000000 203082.425035356893 27390544.000000000000 0.000 8.897191309615
20070413.000 216929.643070171238 0.000000000000 216929.643070171238 27390544.000000000000 0.000 9.503848177831
20070513.000 212316.247553714144 0.000000000000 212316.247553714144 27390544.000000000000 0.000 9.301731906619
20070613.000 216937.341960182646 0.000000000000 216937.341960182646 27390544.000000000000 0.000 9.504185471899
20070713.000 212320.247140532156 0.000000000000 212320.247140532156 27390544.000000000000 0.000 9.301907131477
20070813.000 216945.171778663120 0.000000000000 216945.171778663120 27390544.000000000000 0.000 9.504528502041
20070913.000 216948.992477079941 0.000000000000 216948.992477079941 27390544.000000000000 0.000 9.504695889665
20071013.000 212325.933432532125 0.000000000000 212325.933432532125 27390544.000000000000 0.000 9.302156252137
20071113.000 216957.023235293018 0.000000000000 216957.023235293018 27390544.000000000000 0.000 9.505047723125
20071213.000 212329.973491095559 0.000000000000 212329.973491095559 27390544.000000000000 0.000 9.302333250092
20080113.000 216965.194907103782 0.000000000000 216965.194907103782 27390544.000000000000 0.000 9.505405730113
20080213.000 216969.190856470988 0.000000000000 216969.190856470988 27390544.000000000000 0.000 9.505580795612
20080313.000 207698.214661116799 0.000000000000 207698.214661116799 27390544.000000000000 0.000 9.099412468527
20080413.000 216977.868705056695 0.000000000000 216977.868705056695 27390544.000000000000 0.000 9.505960978580
20080513.000 212340.495552731503 0.000000000000 212340.495552731503 27390544.000000000000 0.000 9.302794229398
20080613.000 216986.415167461382 0.000000000000 216986.415167461382 27390544.000000000000 0.000 9.506335405421
20080713.000 212344.602983813791 0.000000000000 212344.602983813791 27390544.000000000000 0.000 9.302974178993
20080813.000 216932.134513282566 0.000000000000 216932.134513282566 27390544.000000000000 0.000 9.503957329797
20080913.000 216936.635442601430 0.000000000000 216936.635442601430 27390544.000000000000 0.000 9.504154518841
20081013.000 212266.505908459250 0.000000000000 212266.505908459250 27390544.000000000000 0.000 9.299552688335
20081113.000 216946.046964458772 0.000000000000 216946.046964458772 27390544.000000000000 0.000 9.504566844578
20081213.000 212271.241829701234 0.000000000000 212271.241829701234 27390544.000000000000 0.000 9.299760172549
20090113.000 216955.643570458313 0.000000000000 216955.643570458313 27390544.000000000000 0.000 9.504987278988
20090213.000 216960.374952283135 0.000000000000 216960.374952283135 27390544.000000000000 0.000 9.505194564326
20090313.000 202903.892498062138 0.000000000000 202903.892498062138 27390544.000000000000 0.000 8.889369667053
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
20090413.000 216970.814644724218 0.000000000000 216970.814644724218 27390544.000000000000 0.000 9.505651934977
20090513.000 214114.701943050604 0.000000000000 214114.701943050604 27390544.000000000000 0.000 9.380523524164
20090613.000 218651.111116964836 0.000000000000 218651.111116964836 27390544.000000000000 0.000 9.579266966744
20090713.000 214126.332116431236 0.000000000000 214126.332116431236 27390544.000000000000 0.000 9.381033050666
20090813.000 218668.211239478085 0.000000000000 218668.211239478085 27390544.000000000000 0.000 9.580016135765
20090913.000 218676.837492807303 0.000000000000 218676.837492807303 27390544.000000000000 0.000 9.580394058306
20091013.000 214143.960598964593 0.000000000000 214143.960598964593 27390544.000000000000 0.000 9.381805367530
20091113.000 218694.615383717028 0.000000000000 218694.615383717028 27390544.000000000000 0.000 9.581172920861
20091213.000 214156.250339472754 0.000000000000 214156.250339472754 27390544.000000000000 0.000 9.382343790155
20100113.000 218712.871492456383 0.000000000000 218712.871492456383 27390544.000000000000 0.000 9.581972734494
20100213.000 218722.095112129900 0.000000000000 218722.095112129900 27390544.000000000000 0.000 9.582376828096
20100313.000 205061.869818880979 0.000000000000 205061.869818880979 27390544.000000000000 0.000 8.983912250252
20100413.000 218741.469240198203 0.000000000000 218741.469240198203 27390544.000000000000 0.000 9.583225622983
20100513.000 214189.165632972232 0.000000000000 214189.165632972232 27390544.000000000000 0.000 9.383785833519
20100613.000 218761.025348023919 0.000000000000 218761.025348023919 27390544.000000000000 0.000 9.584082390537
20100713.000 214202.534219296038 0.000000000000 214202.534219296038 27390544.000000000000 0.000 9.384371521177
20100813.000 218781.140290040959 0.000000000000 218781.140290040959 27390544.000000000000 0.000 9.584963641031
20100913.000 218791.326088639529 0.000000000000 218791.326088639529 27390544.000000000000 0.000 9.585409888404
20101013.000 214222.911600048625 0.000000000000 214222.911600048625 27390544.000000000000 0.000 9.385264269306
20101113.000 218812.326109842252 0.000000000000 218812.326109842252 27390544.000000000000 0.000 9.586329914872
20101213.000 214237.131563932693 0.000000000000 214237.131563932693 27390544.000000000000 0.000 9.385887256446
20110113.000 218833.954058186093 0.000000000000 218833.954058186093 27390544.000000000000 0.000 9.587277451292
20110213.000 218844.924464821524 0.000000000000 218844.924464821524 27390544.000000000000 0.000 9.587758072924
20110313.000 205064.459918577049 0.000000000000 205064.459918577049 27390544.000000000000 0.000 8.984025724436
20110413.000 218771.312857591984 0.000000000000 218771.312857591984 27390544.000000000000 0.000 9.584533093943
20110513.000 214065.227558315819 0.000000000000 214065.227558315819 27390544.000000000000 0.000 9.378356014761
20110613.000 218340.478899495647 0.000000000000 218340.478899495647 27390544.000000000000 0.000 9.565657939448
20110713.000 210083.134149665741 0.000000000000 210083.134149665741 27390544.000000000000 0.000 9.203897556018
20110813.000 214294.568051974260 0.000000000000 214294.568051974260 27390544.000000000000 0.000 9.388403591487
20110913.000 213513.482638250716 0.000000000000 213513.482638250716 27390544.000000000000 0.000 9.354183661555
20111013.000 204646.498213384068 9439206.700406990945 9643853.198620375246 17951337.299593009055 0.000 8.965714512865
20111113.000 134209.624595694011 453099.717564046150 587309.342159740161 17498237.582028962672 0.000 8.971562777024
20111213.000 128312.223197456551 462401.675821377255 590713.899018833763 17035835.906207583845 0.000 8.799438635756
20120113.000 127375.562120605231 459994.071873386041 587369.633993991301 16575841.834334198385 0.000 8.972302585342
20120213.000 123941.484128435404 463458.265429526800 587399.749557962175 16112383.568904671818 0.000 8.972683405198
20120313.000 115867.620200234654 478285.065170573362 594152.685370808002 15634098.503734098747 0.000 8.629458431502
20120413.000 116910.480715415280 470550.209054869658 587460.689770284924 15163548.294679228216 0.000 8.973499612081
20120513.000 111232.416987835182 479609.974467459600 590842.391455294797 14683938.320211768150 0.000 8.802616497897
20120613.000 109815.735912595483 477705.804474070203 587521.540386665729 14206232.515737697482 0.000 8.974355531971
20120713.000 104226.664024049271 486666.391810367524 590893.055834416766 13719566.123927330598 0.000 8.804022930802
20120813.000 102613.961083884613 484968.526296446158 587582.487380330800 13234597.597630884498 0.000 8.975265849399
20120913.000 98991.899183801317 488620.958777315856 587612.857961117174 12745976.638853568584 0.000 8.975737882792
20121013.000 93537.349490760331 497430.525084213354 590967.874574973714 12248546.113769356161 0.000 8.806294140439
20121113.000 91626.679429541415 496047.097612451587 587673.777041992988 11752499.016156904399 0.000 8.976740120352
20121213.000 86262.838431500495 504753.803072281356 591016.641503781895 11247745.213084623218 0.000 8.807948503164
20130113.000 84150.119049136643 503584.417497926566 587734.536547063151 10744160.795586695895 0.000 8.977812081082
20130213.000 80387.553410531676 507377.169782428478 587764.723192960140 10236783.625804267824 0.000 8.978371222093
20130313.000 72288.971185580318 10236783.625804267824 10309072.596989847720 0.000000000000 0.000 8.474025494104
20130413.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20130513.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20130613.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20130713.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
# DEAL: d3black BOND: B1
# Scenario: No prepayment till Anticipated Repayment Date.
#
# TOTAL (since settlement date):
# 0 0 0 0
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<C> <C> <C> <C> <C> <C> <C>
19961022.000 0.000000000000 0.000000000000 0.000000000000 43042284.000000000000 0.000 0.000000000000
19961113.000 207296.493954329315 0.000000000000 207296.493954329315 43042284.000000000000 0.000 9.125266315666
19961213.000 327309.116779395670 0.000000000000 327309.116779395670 43042284.000000000000 0.000 9.125234621269
19970113.000 333790.170042662648 0.000000000000 333790.170042662648 43042284.000000000000 0.000 9.305923543723
19970213.000 333789.830860414426 0.000000000000 333789.830860414426 43042284.000000000000 0.000 9.305914087470
19970313.000 314339.796287296806 0.000000000000 314339.796287296806 43042284.000000000000 0.000 8.763655654165
19970413.000 333982.496632655908 0.000000000000 333982.496632655908 43042284.000000000000 0.000 9.311285524699
19970513.000 327305.777998603065 0.000000000000 327305.777998603065 43042284.000000000000 0.000 9.125141537524
19970613.000 333981.811760864744 0.000000000000 333981.811760864744 43042284.000000000000 0.000 9.311266430774
19970713.000 327303.940086112707 0.000000000000 327303.940086112707 43042284.000000000000 0.000 9.125090297330
19970813.000 333981.077267618733 0.000000000000 333981.077267618733 43042284.000000000000 0.000 9.311245953424
19970913.000 333980.692101815832 0.000000000000 333980.692101815832 43042284.000000000000 0.000 9.311235215171
19971013.000 327300.719214363548 0.000000000000 327300.719214363548 43042284.000000000000 0.000 9.125000500839
19971113.000 333979.881645857589 0.000000000000 333979.881645857589 43042284.000000000000 0.000 9.311212620014
19971213.000 327298.689577477984 0.000000000000 327298.689577477984 43042284.000000000000 0.000 9.124943915452
19980113.000 333785.315733810654 0.000000000000 333785.315733810654 43042284.000000000000 0.000 9.305788207721
19980213.000 333784.817192965536 0.000000000000 333784.817192965536 43042284.000000000000 0.000 9.305774308621
19980313.000 314316.902851331572 0.000000000000 314316.902851331572 43042284.000000000000 0.000 8.763017395211
19980413.000 333977.611757962091 0.000000000000 333977.611757962091 43042284.000000000000 0.000 9.311149336535
19980513.000 327294.240257537516 0.000000000000 327294.240257537516 43042284.000000000000 0.000 9.124819870364
19980613.000 333976.600719281414 0.000000000000 333976.600719281414 43042284.000000000000 0.000 9.311121149220
19980713.000 327291.935474799073 0.000000000000 327291.935474799073 43042284.000000000000 0.000 9.124755614032
19980813.000 333975.529371905955 0.000000000000 333975.529371905955 43042284.000000000000 0.000 9.311091280525
19980913.000 333974.972300140944 0.000000000000 333974.972300140944 43042284.000000000000 0.000 9.311075749609
19981013.000 327287.988540995750 0.000000000000 327287.988540995750 43042284.000000000000 0.000 9.124645575249
19981113.000 333973.808371403487 0.000000000000 333973.808371403487 43042284.000000000000 0.000 9.311043299786
19981213.000 327285.455976155179 0.000000000000 327285.455976155179 43042284.000000000000 0.000 9.124574968452
19990113.000 333778.360779519775 0.000000000000 333778.360779519775 43042284.000000000000 0.000 9.305594306646
19990213.000 333777.669113049516 0.000000000000 333777.669113049516 43042284.000000000000 0.000 9.305575023288
19990313.000 314289.544061839231 0.000000000000 314289.544061839231 43042284.000000000000 0.000 8.762254644159
19990413.000 333970.601419418876 0.000000000000 333970.601419418876 43042284.000000000000 0.000 9.310953891371
19990513.000 327279.679125375289 0.000000000000 327279.679125375289 43042284.000000000000 0.000 9.124413912386
19990613.000 333969.194754369673 0.000000000000 333969.194754369673 43042284.000000000000 0.000 9.310914674167
19990713.000 327276.816112527449 0.000000000000 327276.816112527449 43042284.000000000000 0.000 9.124334092843
19990813.000 333967.714898907521 0.000000000000 333967.714898907521 43042284.000000000000 0.000 9.310873416445
19990913.000 333966.949360347237 0.000000000000 333966.949360347237 43042284.000000000000 0.000 9.310852073566
19991013.000 327272.000865874288 0.000000000000 327272.000865874288 43042284.000000000000 0.000 9.124199845878
19991113.000 333965.356873774028 0.000000000000 333965.356873774028 43042284.000000000000 0.000 9.310807675739
19991213.000 327268.866728307272 0.000000000000 327268.866728307272 43042284.000000000000 0.000 9.124112467498
20000113.000 333963.685174339218 0.000000000000 333963.685174339218 43042284.000000000000 0.000 9.310761069492
20000213.000 333767.936132772476 0.000000000000 333767.936132772476 43042284.000000000000 0.000 9.305303672066
20000313.000 320760.269907323236 0.000000000000 320760.269907323236 43042284.000000000000 0.000 8.942655642735
20000413.000 333961.021076272242 0.000000000000 333961.021076272242 43042284.000000000000 0.000 9.310686795606
20000513.000 327260.852561128326 0.000000000000 327260.852561128326 43042284.000000000000 0.000 9.123889036031
20000613.000 333959.138262721302 0.000000000000 333959.138262721302 43042284.000000000000 0.000 9.310634303590
20000713.000 327257.313202019839 0.000000000000 327257.313202019839 43042284.000000000000 0.000 9.123790360252
20000813.000 333957.166790971532 0.000000000000 333957.166790971532 43042284.000000000000 0.000 9.310579339822
20000913.000 333956.150391077914 0.000000000000 333956.150391077914 43042284.000000000000 0.000 9.310551003039
</TABLE>
<PAGE>
<TABLE>
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<C> <C> <C> <C> <C> <C> <C>
20001013.000 327251.445877521357 0.000000000000 327251.445877521357 43042284.000000000000 0.000 9.123626781818
20001113.000 333954.042188248888 0.000000000000 333954.042188248888 43042284.000000000000 0.000 9.310492227269
20001213.000 327247.582790023938 0.000000000000 327247.582790023938 43042284.000000000000 0.000 9.123519080633
20010113.000 333756.292714651674 0.000000000000 333756.292714651674 43042284.000000000000 0.000 9.304979058676
20010213.000 333755.085988175473 0.000000000000 333755.085988175473 43042284.000000000000 0.000 9.304945415671
20010313.000 314215.927355758788 0.000000000000 314215.927355758788 43042284.000000000000 0.000 8.760202242681
20010413.000 333948.332522662124 0.000000000000 333948.332522662124 43042284.000000000000 0.000 9.310333044297
20010513.000 327238.292335399019 0.000000000000 327238.292335399019 43042284.000000000000 0.000 9.123260066833
20010613.000 333945.869230835175 0.000000000000 333945.869230835175 43042284.000000000000 0.000 9.310264368801
20010713.000 327233.950962296920 0.000000000000 327233.950962296920 43042284.000000000000 0.000 9.123139031255
20010813.000 333943.298311602324 0.000000000000 333943.298311602324 43042284.000000000000 0.000 9.310192692700
20010913.000 333941.975918673736 0.000000000000 333941.975918673736 43042284.000000000000 0.000 9.310155824965
20011013.000 327226.835080715246 0.000000000000 327226.835080715246 43042284.000000000000 0.000 9.122940643597
20011113.000 333939.238672498730 0.000000000000 333939.238672498730 43042284.000000000000 0.000 9.310079511742
20011213.000 327222.106273376674 0.000000000000 327222.106273376674 43042284.000000000000 0.000 9.122808806523
20020113.000 333740.007868992048 0.000000000000 333740.007868992048 43042284.000000000000 0.000 9.304525044321
20020213.000 333738.458354842151 0.000000000000 333738.458354842151 43042284.000000000000 0.000 9.304481844546
20020313.000 314169.405439637601 0.000000000000 314169.405439637601 43042284.000000000000 0.000 8.758905232064
20020413.000 333931.861153001431 0.000000000000 333931.861153001431 43042284.000000000000 0.000 9.309873829735
20020513.000 327210.526944772806 0.000000000000 327210.526944772806 43042284.000000000000 0.000 9.122485979920
20020613.000 333928.693219574809 0.000000000000 333928.693219574809 43042284.000000000000 0.000 9.309785509140
20020713.000 327205.221164904127 0.000000000000 327205.221164904127 43042284.000000000000 0.000 9.122338057104
20020813.000 333925.394404010323 0.000000000000 333925.394404010323 43042284.000000000000 0.000 9.309693539609
20020913.000 333923.700324624719 0.000000000000 333923.700324624719 43042284.000000000000 0.000 9.309646309419
20021013.000 327196.602883886721 0.000000000000 327196.602883886721 43042284.000000000000 0.000 9.122097783209
20021113.000 333920.198844191735 0.000000000000 333920.198844191735 43042284.000000000000 0.000 9.309548689680
20021213.000 327190.831642123754 0.000000000000 327190.831642123754 43042284.000000000000 0.000 9.121936883520
20030113.000 333719.202465007664 0.000000000000 333719.202465007664 43042284.000000000000 0.000 9.303944998783
20030213.000 333717.236511724303 0.000000000000 333717.236511724303 43042284.000000000000 0.000 9.303890188868
20030313.000 314113.998210947379 0.000000000000 314113.998210947379 43042284.000000000000 0.000 8.757360502829
20030413.000 333910.793696615787 0.000000000000 333910.793696615787 43042284.000000000000 0.000 9.309286478290
20030513.000 328489.336468320340 0.000000000000 328489.336468320340 43042284.000000000000 0.000 9.158138628563
20030613.000 335244.500915045966 0.000000000000 335244.500915045966 43042284.000000000000 0.000 9.346469650590
20030713.000 328323.272025380807 0.000000000000 328323.272025380807 43042284.000000000000 0.000 9.153508824728
20030813.000 335003.345557565277 0.000000000000 335003.345557565277 43042284.000000000000 0.000 9.339746344991
20030913.000 335001.384176069580 0.000000000000 335001.384176069580 43042284.000000000000 0.000 9.339691662535
20031013.000 328496.958475312451 0.000000000000 328496.958475312451 43042284.000000000000 0.000 9.158351126775
20031113.000 337729.625534799707 0.000000000000 337729.625534799707 43042284.000000000000 0.000 9.415753835037
20031213.000 331328.884833662421 0.000000000000 331328.884833662421 43042284.000000000000 0.000 9.237303991591
20040113.000 337728.854124569916 0.000000000000 337728.854124569916 43042284.000000000000 0.000 9.415732328458
20040213.000 337728.512296310626 0.000000000000 337728.512296310626 43042284.000000000000 0.000 9.415722798436
20040313.000 324919.660880987474 0.000000000000 324919.660880987474 43042284.000000000000 0.000 9.058617638813
20040413.000 337727.447975346353 0.000000000000 337727.447975346353 43042284.000000000000 0.000 9.415693125635
20040513.000 331321.108066086483 0.000000000000 331321.108066086483 43042284.000000000000 0.000 9.237087178722
20040613.000 337726.439325698535 0.000000000000 337726.439325698535 43042284.000000000000 0.000 9.415665004925
20040713.000 331317.624921469833 0.000000000000 331317.624921469833 43042284.000000000000 0.000 9.236990070178
20040813.000 337725.330093050958 0.000000000000 337725.330093050958 43042284.000000000000 0.000 9.415634080005
20040913.000 337724.815909867175 0.000000000000 337724.815909867175 43042284.000000000000 0.000 9.415619744804
20041013.000 331311.826956470730 0.000000000000 331311.826956470730 43042284.000000000000 0.000 9.236828425456
20041113.000 337723.550938642758 0.000000000000 337723.550938642758 43042284.000000000000 0.000 9.415584477961
20041213.000 331307.921553239285 0.000000000000 331307.921553239285 43042284.000000000000 0.000 9.236719544527
20050113.000 337722.175029697188 0.000000000000 337722.175029697188 43042284.000000000000 0.000 9.415546118223
20050213.000 337721.524758650863 0.000000000000 337721.524758650863 43042284.000000000000 0.000 9.415527988951
20050313.000 318462.693355574040 0.000000000000 318462.693355574040 43042284.000000000000 0.000 8.878600216166
20050413.000 337719.649500587373 0.000000000000 337719.649500587373 43042284.000000000000 0.000 9.415475707579
20050513.000 331298.155869016831 0.000000000000 331298.155869016831 43042284.000000000000 0.000 9.236447281534
20050613.000 337717.967576045194 0.000000000000 337717.967576045194 43042284.000000000000 0.000 9.415428816260
20050713.000 331293.608033828146 0.000000000000 331293.608033828146 43042284.000000000000 0.000 9.236320489884
20050813.000 337716.157875158591 0.000000000000 337716.157875158591 43042284.000000000000 0.000 9.415378362593
20050913.000 337715.286065093649 0.000000000000 337715.286065093649 43042284.000000000000 0.000 9.415354056911
20051013.000 331286.141242085316 0.000000000000 331286.141242085316 43042284.000000000000 0.000 9.236112319005
20051113.000 337713.277832527645 0.000000000000 337713.277832527645 43042284.000000000000 0.000 9.415298068268
20051213.000 331281.068473635591 0.000000000000 331281.068473635591 43042284.000000000000 0.000 9.235970892445
20060113.000 337711.128505581117 0.000000000000 337711.128505581117 43042284.000000000000 0.000 9.415238145975
20060213.000 337710.083203912654 0.000000000000 337710.083203912654 43042284.000000000000 0.000 9.415209003423
20060313.000 318400.330786555365 0.000000000000 318400.330786555365 43042284.000000000000 0.000 8.876861575094
20060413.000 338899.631202718127 0.000000000000 338899.631202718127 43042284.000000000000 0.000 9.448373079906
20060513.000 333192.696325945668 0.000000000000 333192.696325945668 43042284.000000000000 0.000 9.289266238547
20060613.000 339628.889592650172 0.000000000000 339628.889592650172 43042284.000000000000 0.000 9.468704483972
20060713.000 333257.944512083486 0.000000000000 333257.944512083486 43042284.000000000000 0.000 9.291085329359
20060813.000 339385.874998167215 0.000000000000 339385.874998167215 43042284.000000000000 0.000 9.461929343661
20060913.000 338786.663190280495 0.000000000000 338786.663190280495 43042284.000000000000 0.000 9.445223581266
20061013.000 332877.195158471994 0.000000000000 332877.195158471994 43042284.000000000000 0.000 9.280470204373
20061113.000 340859.407926423184 0.000000000000 340859.407926423184 43042284.000000000000 0.000 9.503010795424
20061213.000 333622.674804144015 0.000000000000 333622.674804144015 43042284.000000000000 0.000 9.301253849934
20070113.000 340871.004761031771 0.000000000000 340871.004761031771 43042284.000000000000 0.000 9.503334110087
20070213.000 340876.646734801994 0.000000000000 340876.646734801994 43042284.000000000000 0.000 9.503491405841
20070313.000 319129.529292318563 0.000000000000 319129.529292318563 43042284.000000000000 0.000 8.897191309615
20070413.000 340889.443635911099 0.000000000000 340889.443635911099 43042284.000000000000 0.000 9.503848177831
20070513.000 333639.822013804049 0.000000000000 333639.822013804049 43042284.000000000000 0.000 9.301731906619
20070613.000 340901.541891803907 0.000000000000 340901.541891803907 43042284.000000000000 0.000 9.504185471899
20070713.000 333646.107078887231 0.000000000000 333646.107078887231 43042284.000000000000 0.000 9.301907131477
20070813.000 340913.845892436570 0.000000000000 340913.845892436570 43042284.000000000000 0.000 9.504528502041
20070913.000 340919.849847171281 0.000000000000 340919.849847171281 43042284.000000000000 0.000 9.504695889665
20071013.000 333655.042680720100 0.000000000000 333655.042680720100 43042284.000000000000 0.000 9.302156252137
20071113.000 340932.469610245083 0.000000000000 340932.469610245083 43042284.000000000000 0.000 9.505047723125
20071213.000 333661.391344261297 0.000000000000 333661.391344261297 43042284.000000000000 0.000 9.302333250092
20080113.000 340945.310808975308 0.000000000000 340945.310808975308 43042284.000000000000 0.000 9.505405730113
20080213.000 340951.590158064326 0.000000000000 340951.590158064326 43042284.000000000000 0.000 9.505580795612
20080313.000 326382.913086237037 0.000000000000 326382.913086237037 43042284.000000000000 0.000 9.099412468527
20080413.000 340965.226777451404 0.000000000000 340965.226777451404 43042284.000000000000 0.000 9.505960978580
20080513.000 333677.926012765849 0.000000000000 333677.926012765849 43042284.000000000000 0.000 9.302794229398
20080613.000 340978.656932837097 0.000000000000 340978.656932837097 43042284.000000000000 0.000 9.506335405421
20080713.000 333684.380547409353 0.000000000000 333684.380547409353 43042284.000000000000 0.000 9.302974178993
20080813.000 340893.358760852308 0.000000000000 340893.358760852308 43042284.000000000000 0.000 9.503957329797
20080913.000 340900.431649875827 0.000000000000 340900.431649875827 43042284.000000000000 0.000 9.504154518841
20081013.000 333561.656570222985 0.000000000000 333561.656570222985 43042284.000000000000 0.000 9.299552688335
20081113.000 340915.221184419410 0.000000000000 340915.221184419410 43042284.000000000000 0.000 9.504566844578
20081213.000 333569.098732273444 0.000000000000 333569.098732273444 43042284.000000000000 0.000 9.299760172549
20090113.000 340930.301565476053 0.000000000000 340930.301565476053 43042284.000000000000 0.000 9.504987278988
20090213.000 340937.736594156711 0.000000000000 340937.736594156711 43042284.000000000000 0.000 9.505194564326
20090313.000 318848.978158559359 0.000000000000 318848.978158559359 43042284.000000000000 0.000 8.889369667053
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<C> <C> <C> <C> <C> <C> <C>
20090413.000 340954.141825353261 0.000000000000 340954.141825353261 43042284.000000000000 0.000 9.505651934977
20090513.000 336465.964663138322 0.000000000000 336465.964663138322 43042284.000000000000 0.000 9.380523524164
20090613.000 343594.607745357614 0.000000000000 343594.607745357614 43042284.000000000000 0.000 9.579266966744
20090713.000 336484.240650121938 0.000000000000 336484.240650121938 43042284.000000000000 0.000 9.381033050666
20090813.000 343621.479366806627 0.000000000000 343621.479366806627 43042284.000000000000 0.000 9.580016135765
20090913.000 343635.034907932510 0.000000000000 343635.034907932510 43042284.000000000000 0.000 9.580394058306
20091013.000 336511.942551613611 0.000000000000 336511.942551613611 43042284.000000000000 0.000 9.381805367530
20091113.000 343662.971594018629 0.000000000000 343662.971594018629 43042284.000000000000 0.000 9.581172920861
20091213.000 336531.255001239944 0.000000000000 336531.255001239944 43042284.000000000000 0.000 9.382343790155
20100113.000 343691.659765275661 0.000000000000 343691.659765275661 43042284.000000000000 0.000 9.581972734494
20100213.000 343706.154024955002 0.000000000000 343706.154024955002 43042284.000000000000 0.000 9.582376828096
20100313.000 322240.085422009230 0.000000000000 322240.085422009230 43042284.000000000000 0.000 8.983912250252
20100413.000 343736.599083752197 0.000000000000 343736.599083752197 43042284.000000000000 0.000 9.583225622983
20100513.000 336582.979034568707 0.000000000000 336582.979034568707 43042284.000000000000 0.000 9.383785833519
20100613.000 343767.330110743467 0.000000000000 343767.330110743467 43042284.000000000000 0.000 9.584082390537
20100713.000 336603.986813356401 0.000000000000 336603.986813356401 43042284.000000000000 0.000 9.384371521177
20100813.000 343798.939305761363 0.000000000000 343798.939305761363 43042284.000000000000 0.000 9.584963641031
20100913.000 343814.945560914406 0.000000000000 343814.945560914406 43042284.000000000000 0.000 9.585409888404
20101013.000 336636.008412107069 0.000000000000 336636.008412107069 43042284.000000000000 0.000 9.385264269306
20101113.000 343847.945594671124 0.000000000000 343847.945594671124 43042284.000000000000 0.000 9.586329914872
20101213.000 336658.354069935798 0.000000000000 336658.354069935798 43042284.000000000000 0.000 9.385887256446
20110113.000 343881.932371091272 0.000000000000 343881.932371091272 43042284.000000000000 0.000 9.587277451292
20110213.000 343899.171581747185 0.000000000000 343899.171581747185 43042284.000000000000 0.000 9.587758072924
20110313.000 322244.155578728532 0.000000000000 322244.155578728532 43042284.000000000000 0.000 8.984025724436
20110413.000 343783.496197422210 0.000000000000 343783.496197422210 43042284.000000000000 0.000 9.584533093943
20110513.000 336388.219200380088 0.000000000000 336388.219200380088 43042284.000000000000 0.000 9.378356014761
20110613.000 343106.471397139772 0.000000000000 343106.471397139772 43042284.000000000000 0.000 9.565657939448
20110713.000 330130.643760854553 0.000000000000 330130.643760854553 43042284.000000000000 0.000 9.203897556018
20110813.000 336748.611409485049 0.000000000000 336748.611409485049 43042284.000000000000 0.000 9.388403591487
20110913.000 335521.191457338573 18889656.879536405206 19225178.070993743837 24152627.120463594794 0.000 9.354183661555
20111013.000 180454.632914792950 24152627.120463594794 24333081.753378387541 0.000000000000 0.000 8.965714512865
20111113.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20111213.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20120113.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
# DEAL: d3black BOND: A5
# Scenario: No prepayment till Anticipated Repayment Date.
#
# TOTAL (since settlement date):
# 0 0 0 0
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
19961022.000 0.000000000000 0.000000000000 0.000000000000 15651739.000000000000 0.000 0.000000000000
19961113.000 67448.095391846553 0.000000000000 67448.095391846553 15651739.000000000000 0.000 8.164996315666
19961213.000 106496.579330274762 0.000000000000 106496.579330274762 15651739.000000000000 0.000 8.164964621269
19970113.000 108853.325875642870 0.000000000000 108853.325875642870 15651739.000000000000 0.000 8.345653543723
19970213.000 108853.202536648561 0.000000000000 108853.202536648561 15651739.000000000000 0.000 8.345644087470
19970313.000 101780.462979439792 0.000000000000 101780.462979439792 15651739.000000000000 0.000 7.803385654165
19970413.000 108923.262814615111 0.000000000000 108923.262814615111 15651739.000000000000 0.000 8.351015524699
19970513.000 106495.365228217735 0.000000000000 106495.365228217735 15651739.000000000000 0.000 8.164871537524
19970613.000 108923.013770337566 0.000000000000 108923.013770337566 15651739.000000000000 0.000 8.350996430774
19970713.000 106494.696896430221 0.000000000000 106494.696896430221 15651739.000000000000 0.000 8.164820297330
19970813.000 108922.746681895354 0.000000000000 108922.746681895354 15651739.000000000000 0.000 8.350975953424
19970913.000 108922.606621609040 0.000000000000 108922.606621609040 15651739.000000000000 0.000 8.350965215171
19971013.000 106493.525670387244 0.000000000000 106493.525670387244 15651739.000000000000 0.000 8.164730500839
19971113.000 108922.311910363511 0.000000000000 108922.311910363511 15651739.000000000000 0.000 8.350942620014
19971213.000 106492.787620640695 0.000000000000 106492.787620640695 15651739.000000000000 0.000 8.164673915452
19980113.000 108851.560672495718 0.000000000000 108851.560672495718 15651739.000000000000 0.000 8.345518207721
19980213.000 108851.379384923042 0.000000000000 108851.379384923042 15651739.000000000000 0.000 8.345504308621
19980313.000 101772.138093972710 0.000000000000 101772.138093972710 15651739.000000000000 0.000 7.802747395211
19980413.000 108921.486496616868 0.000000000000 108921.486496616868 15651739.000000000000 0.000 8.350879336535
19980513.000 106491.169686182664 0.000000000000 106491.169686182664 15651739.000000000000 0.000 8.164549870364
19980613.000 108921.118846202473 0.000000000000 108921.118846202473 15651739.000000000000 0.000 8.350851149220
19980713.000 106490.331583402760 0.000000000000 106490.331583402760 15651739.000000000000 0.000 8.164485614032
19980813.000 108920.729265354530 0.000000000000 108920.729265354530 15651739.000000000000 0.000 8.350821280525
19980913.000 108920.526693811858 0.000000000000 108920.526693811858 15651739.000000000000 0.000 8.350805749609
19981013.000 106488.896334805351 0.000000000000 106488.896334805351 15651739.000000000000 0.000 8.164375575249
19981113.000 108920.103447015426 0.000000000000 108920.103447015426 15651739.000000000000 0.000 8.350773299786
19981213.000 106487.975402173499 0.000000000000 106487.975402173499 15651739.000000000000 0.000 8.164304968452
19990113.000 108849.031598310976 0.000000000000 108849.031598310976 15651739.000000000000 0.000 8.345324306646
19990213.000 108848.780083241087 0.000000000000 108848.780083241087 15651739.000000000000 0.000 8.345305023288
19990313.000 101762.189443652707 0.000000000000 101762.189443652707 15651739.000000000000 0.000 7.801984644159
19990413.000 108918.937282704792 0.000000000000 108918.937282704792 15651739.000000000000 0.000 8.350683891371
19990513.000 106485.874729248026 0.000000000000 106485.874729248026 15651739.000000000000 0.000 8.164143912386
19990613.000 108918.425768162284 0.000000000000 108918.425768162284 15651739.000000000000 0.000 8.350644674167
19990713.000 106484.833633709350 0.000000000000 106484.833633709350 15651739.000000000000 0.000 8.164064092843
19990813.000 108917.887638925153 0.000000000000 108917.887638925153 15651739.000000000000 0.000 8.350603416445
19990913.000 108917.609261278209 0.000000000000 108917.609261278209 15651739.000000000000 0.000 8.350582073566
19991013.000 106483.082634997569 0.000000000000 106483.082634997569 15651739.000000000000 0.000 8.163929845878
19991113.000 108917.030175275111 0.000000000000 108917.030175275111 15651739.000000000000 0.000 8.350537675739
19991213.000 106481.942948655909 0.000000000000 106481.942948655909 15651739.000000000000 0.000 8.163842467498
20000113.000 108916.422284596279 0.000000000000 108916.422284596279 15651739.000000000000 0.000 8.350491069492
20000213.000 108845.240817829748 0.000000000000 108845.240817829748 15651739.000000000000 0.000 8.345033672066
20000313.000 104115.180564525173 0.000000000000 104115.180564525173 15651739.000000000000 0.000 7.982385642735
20000413.000 108915.453521702206 0.000000000000 108915.453521702206 15651739.000000000000 0.000 8.350416795606
20000513.000 106479.028706163837 0.000000000000 106479.028706163837 15651739.000000000000 0.000 8.163619036031
20000613.000 108914.768862256969 0.000000000000 108914.768862256969 15651739.000000000000 0.000 8.350364303590
20000713.000 106477.741666540358 0.000000000000 106477.741666540358 15651739.000000000000 0.000 8.163520360252
20000813.000 108914.051963468053 0.000000000000 108914.051963468053 15651739.000000000000 0.000 8.350309339822
20000913.000 108913.682363521744 0.000000000000 108913.682363521744 15651739.000000000000 0.000 8.350281003039
20001013.000 106475.608094082185 0.000000000000 106475.608094082185 15651739.000000000000 0.000 8.163356781818
20001113.000 108912.915744342346 0.000000000000 108912.915744342346 15651739.000000000000 0.000 8.350222227269
20001213.000 106474.203335049344 0.000000000000 106474.203335049344 15651739.000000000000 0.000 8.163249080633
20010113.000 108841.006847776109 0.000000000000 108841.006847776109 15651739.000000000000 0.000 8.344709058676
20010213.000 108840.568038166253 0.000000000000 108840.568038166253 15651739.000000000000 0.000 8.344675415671
20010313.000 101735.419733439136 0.000000000000 101735.419733439136 15651739.000000000000 0.000 7.799932242681
20010413.000 108910.839502395233 0.000000000000 108910.839502395233 15651739.000000000000 0.000 8.350063044297
20010513.000 106470.824988050372 0.000000000000 106470.824988050372 15651739.000000000000 0.000 8.162990066833
20010613.000 108909.943759949121 0.000000000000 108909.943759949121 15651739.000000000000 0.000 8.349994368801
20010713.000 106469.246306986533 0.000000000000 106469.246306986533 15651739.000000000000 0.000 8.162869031255
20010813.000 108909.008880266090 0.000000000000 108909.008880266090 15651739.000000000000 0.000 8.349922692700
20010913.000 108908.528010129798 0.000000000000 108908.528010129798 15651739.000000000000 0.000 8.349885824965
20011013.000 106466.658713789293 0.000000000000 106466.658713789293 15651739.000000000000 0.000 8.162670643597
20011113.000 108907.532647924789 0.000000000000 108907.532647924789 15651739.000000000000 0.000 8.349809511742
20011213.000 106464.939147554294 0.000000000000 106464.939147554294 15651739.000000000000 0.000 8.162538806523
20020113.000 108835.085085958839 0.000000000000 108835.085085958839 15651739.000000000000 0.000 8.344255044321
20020213.000 108834.521626290851 0.000000000000 108834.521626290851 15651739.000000000000 0.000 8.344211844546
20020313.000 101718.502673719238 0.000000000000 101718.502673719238 15651739.000000000000 0.000 7.798635232064
20020413.000 108904.849913671234 0.000000000000 108904.849913671234 15651739.000000000000 0.000 8.349603829735
20020513.000 106460.728482778621 0.000000000000 106460.728482778621 15651739.000000000000 0.000 8.162215979920
20020613.000 108903.697937926569 0.000000000000 108903.697937926569 15651739.000000000000 0.000 8.349515509140
20020713.000 106458.799108359352 0.000000000000 106458.799108359352 15651739.000000000000 0.000 8.162068057104
20020813.000 108902.498368679138 0.000000000000 108902.498368679138 15651739.000000000000 0.000 8.349423539609
20020913.000 108901.882339836695 0.000000000000 108901.882339836695 15651739.000000000000 0.000 8.349376309419
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
20021013.000 106455.665188116807 0.000000000000 106455.665188116807 15651739.000000000000 0.000 8.161827783209
20021113.000 108900.609074276494 0.000000000000 108900.609074276494 15651739.000000000000 0.000 8.349278689680
20021213.000 106453.566554833771 0.000000000000 106453.566554833771 15651739.000000000000 0.000 8.161666883520
20030113.000 108827.519484817574 0.000000000000 108827.519484817574 15651739.000000000000 0.000 8.343674998783
20030213.000 108826.804592743589 0.000000000000 108826.804592743589 15651739.000000000000 0.000 8.343620188868
20030313.000 101698.354591378331 0.000000000000 101698.354591378331 15651739.000000000000 0.000 7.797090502829
20030413.000 108897.189020751553 0.000000000000 108897.189020751553 15651739.000000000000 0.000 8.349016478290
20030513.000 106925.750108798282 0.000000000000 106925.750108798282 15651739.000000000000 0.000 8.197868628563
20030613.000 109382.173444098720 0.000000000000 109382.173444098720 15651739.000000000000 0.000 8.386199650590
20030713.000 106865.363041093660 0.000000000000 106865.363041093660 15651739.000000000000 0.000 8.193238824728
20030813.000 109294.480590398423 0.000000000000 109294.480590398423 15651739.000000000000 0.000 8.379476344991
20030913.000 109293.767360792612 0.000000000000 109293.767360792612 15651739.000000000000 0.000 8.379421662535
20031013.000 106928.521747591818 0.000000000000 106928.521747591818 15651739.000000000000 0.000 8.198081126775
20031113.000 110285.855087267570 0.000000000000 110285.855087267570 15651739.000000000000 0.000 8.455483835037
20031213.000 107958.313108759219 0.000000000000 107958.313108759219 15651739.000000000000 0.000 8.277033991591
20040113.000 110285.574574468119 0.000000000000 110285.574574468119 15651739.000000000000 0.000 8.455462328458
20040213.000 110285.450273287992 0.000000000000 110285.450273287992 15651739.000000000000 0.000 8.455452798436
20040313.000 105627.686311635349 0.000000000000 105627.686311635349 15651739.000000000000 0.000 8.098347638813
20040413.000 110285.063247498532 0.000000000000 110285.063247498532 15651739.000000000000 0.000 8.455423125635
20040513.000 107955.485193392058 0.000000000000 107955.485193392058 15651739.000000000000 0.000 8.276817178722
20040613.000 110284.696465823319 0.000000000000 110284.696465823319 15651739.000000000000 0.000 8.455395004925
20040713.000 107954.218595401122 0.000000000000 107954.218595401122 15651739.000000000000 0.000 8.276720070178
20040813.000 110284.293108513346 0.000000000000 110284.293108513346 15651739.000000000000 0.000 8.455364080005
20040913.000 110284.106132817760 0.000000000000 110284.106132817760 15651739.000000000000 0.000 8.455349744804
20041013.000 107952.110244578085 0.000000000000 107952.110244578085 15651739.000000000000 0.000 8.276558425456
20041113.000 110283.646143300313 0.000000000000 110283.646143300313 15651739.000000000000 0.000 8.455314477961
20041213.000 107950.690098006206 0.000000000000 107950.690098006206 15651739.000000000000 0.000 8.276449544527
20050113.000 110283.145812794988 0.000000000000 110283.145812794988 15651739.000000000000 0.000 8.455276118223
20050213.000 110282.909350605929 0.000000000000 110282.909350605929 15651739.000000000000 0.000 8.455257988951
20050313.000 103279.698216039687 0.000000000000 103279.698216039687 15651739.000000000000 0.000 7.918330216166
20050413.000 110282.227438610571 0.000000000000 110282.227438610571 15651739.000000000000 0.000 8.455205707579
20050513.000 107947.138940251505 0.000000000000 107947.138940251505 15651739.000000000000 0.000 8.276177281534
20050613.000 110281.615829711009 0.000000000000 110281.615829711009 15651739.000000000000 0.000 8.455158816260
20050713.000 107945.485182068311 0.000000000000 107945.485182068311 15651739.000000000000 0.000 8.276050489884
20050813.000 110280.957756688091 0.000000000000 110280.957756688091 15651739.000000000000 0.000 8.455108362593
20050913.000 110280.640734859204 0.000000000000 110280.640734859204 15651739.000000000000 0.000 8.455084056911
20051013.000 107942.769985181309 0.000000000000 107942.769985181309 15651739.000000000000 0.000 8.275842319005
20051113.000 110279.910468501257 0.000000000000 110279.910468501257 15651739.000000000000 0.000 8.455028068268
20051213.000 107940.925342183677 0.000000000000 107940.925342183677 15651739.000000000000 0.000 8.275700892445
20060113.000 110279.128895097907 0.000000000000 110279.128895097907 15651739.000000000000 0.000 8.454968145975
20060213.000 110278.748785415723 0.000000000000 110278.748785415723 15651739.000000000000 0.000 8.454939003423
20060313.000 103257.020919136703 0.000000000000 103257.020919136703 15651739.000000000000 0.000 7.916591575094
20060413.000 110711.311676485246 0.000000000000 110711.311676485246 15651739.000000000000 0.000 8.488103079906
20060513.000 108636.062714761050 0.000000000000 108636.062714761050 15651739.000000000000 0.000 8.328996238547
20060613.000 110976.496534769642 0.000000000000 110976.496534769642 15651739.000000000000 0.000 8.508434483972
20060713.000 108659.789326937374 0.000000000000 108659.789326937374 15651739.000000000000 0.000 8.330815329359
20060813.000 110888.127594914185 0.000000000000 110888.127594914185 15651739.000000000000 0.000 8.501659343661
20060913.000 110670.232400905414 0.000000000000 110670.232400905414 15651739.000000000000 0.000 8.484953581266
20061013.000 108521.335022162457 0.000000000000 108521.335022162457 15651739.000000000000 0.000 8.320200204373
20061113.000 111423.957728858033 0.000000000000 111423.957728858033 15651739.000000000000 0.000 8.542740795424
20061213.000 108792.418518657898 0.000000000000 108792.418518657898 15651739.000000000000 0.000 8.340983849934
20070113.000 111428.174759453323 0.000000000000 111428.174759453323 15651739.000000000000 0.000 8.543064110087
20070213.000 111430.226386195442 0.000000000000 111430.226386195442 15651739.000000000000 0.000 8.543221405841
20070313.000 103522.184001360612 0.000000000000 103522.184001360612 15651739.000000000000 0.000 7.936921309615
20070413.000 111434.879804591372 0.000000000000 111434.879804591372 15651739.000000000000 0.000 8.543578177831
20070513.000 108798.653867371686 0.000000000000 108798.653867371686 15651739.000000000000 0.000 8.341461906619
20070613.000 111439.279170191701 0.000000000000 111439.279170191701 15651739.000000000000 0.000 8.543915471899
20070713.000 108800.939345490828 0.000000000000 108800.939345490828 15651739.000000000000 0.000 8.341637131477
20070813.000 111443.753352058033 0.000000000000 111443.753352058033 15651739.000000000000 0.000 8.544258502041
20070913.000 111445.936608236443 0.000000000000 111445.936608236443 15651739.000000000000 0.000 8.544425889665
20071013.000 108804.188655116115 0.000000000000 108804.188655116115 15651739.000000000000 0.000 8.341886252137
20071113.000 111450.525612803976 0.000000000000 111450.525612803976 15651739.000000000000 0.000 8.544777723125
20071213.000 108806.497259946322 0.000000000000 108806.497259946322 15651739.000000000000 0.000 8.342063250092
20080113.000 111455.195139425123 0.000000000000 111455.195139425123 15651739.000000000000 0.000 8.545135730113
20080213.000 111457.478539001007 0.000000000000 111457.478539001007 15651739.000000000000 0.000 8.545310795612
20080313.000 106159.778001001570 0.000000000000 106159.778001001570 15651739.000000000000 0.000 8.139142468527
20080413.000 111462.437309485613 0.000000000000 111462.437309485613 15651739.000000000000 0.000 8.545690978580
20080513.000 108812.509866430788 0.000000000000 108812.509866430788 15651739.000000000000 0.000 8.342524229398
20080613.000 111467.321002154582 0.000000000000 111467.321002154582 15651739.000000000000 0.000 8.546065405421
20080713.000 108814.856969842105 0.000000000000 108814.856969842105 15651739.000000000000 0.000 8.342704178993
20080813.000 111436.303486330275 0.000000000000 111436.303486330275 15651739.000000000000 0.000 8.543687329797
20080913.000 111438.875445870639 0.000000000000 111438.875445870639 15651739.000000000000 0.000 8.543884518841
20081013.000 108770.230070861478 0.000000000000 108770.230070861478 15651739.000000000000 0.000 8.339282688335
20081113.000 111444.253458213294 0.000000000000 111444.253458213294 15651739.000000000000 0.000 8.544296844578
20081213.000 108772.936311497077 0.000000000000 108772.936311497077 15651739.000000000000 0.000 8.339490172549
20090113.000 111449.737232920015 0.000000000000 111449.737232920015 15651739.000000000000 0.000 8.544717278988
20090213.000 111452.440879603048 0.000000000000 111452.440879603048 15651739.000000000000 0.000 8.544924564326
20090313.000 103420.165411414200 0.000000000000 103420.165411414200 15651739.000000000000 0.000 7.929099667053
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
20090413.000 111458.406417977429 0.000000000000 111458.406417977429 15651739.000000000000 0.000 8.545381934977
20090513.000 109826.342061709802 0.000000000000 109826.342061709802 15651739.000000000000 0.000 8.420253524164
20090613.000 112418.575804395310 0.000000000000 112418.575804395310 15651739.000000000000 0.000 8.618996966744
20090713.000 109832.987874888204 0.000000000000 109832.987874888204 15651739.000000000000 0.000 8.420763050666
20090813.000 112428.347302706723 0.000000000000 112428.347302706723 15651739.000000000000 0.000 8.619746135765
20090913.000 112433.276590188456 0.000000000000 112433.276590188456 15651739.000000000000 0.000 8.620124058306
20091013.000 109843.061293202860 0.000000000000 109843.061293202860 15651739.000000000000 0.000 8.421535367530
20091113.000 112443.435384715849 0.000000000000 112443.435384715849 15651739.000000000000 0.000 8.620902920861
20091213.000 109850.084001872368 0.000000000000 109850.084001872368 15651739.000000000000 0.000 8.422073790155
20100113.000 112453.867446566961 0.000000000000 112453.867446566961 15651739.000000000000 0.000 8.621702734494
20100213.000 112459.138086236067 0.000000000000 112459.138086236067 15651739.000000000000 0.000 8.622106828096
20100313.000 104653.295275259763 0.000000000000 104653.295275259763 15651739.000000000000 0.000 8.023642250252
20100413.000 112470.209016257693 0.000000000000 112470.209016257693 15651739.000000000000 0.000 8.622955622983
20100513.000 109868.892740499927 0.000000000000 109868.892740499927 15651739.000000000000 0.000 8.423515833519
20100613.000 112481.383934709258 0.000000000000 112481.383934709258 15651739.000000000000 0.000 8.623812390537
20100713.000 109876.531932475758 0.000000000000 109876.531932475758 15651739.000000000000 0.000 8.424101521177
20100813.000 112492.878186975693 0.000000000000 112492.878186975693 15651739.000000000000 0.000 8.624693641031
20100913.000 112498.698643158350 0.000000000000 112498.698643158350 15651739.000000000000 0.000 8.625139888404
20101013.000 109888.176149729828 0.000000000000 109888.176149729828 15651739.000000000000 0.000 8.424994269306
20101113.000 112510.698654945605 0.000000000000 112510.698654945605 15651739.000000000000 0.000 8.626059914872
20101213.000 109896.301843155379 0.000000000000 109896.301843155379 15651739.000000000000 0.000 8.425617256446
20110113.000 112523.057482232252 0.000000000000 112523.057482232252 15651739.000000000000 0.000 8.627007451292
20110213.000 112529.326285852279 0.000000000000 112529.326285852279 15651739.000000000000 0.000 8.627488072924
20110313.000 104654.775332188408 0.000000000000 104654.775332188408 15651739.000000000000 0.000 8.023755724436
20110413.000 112487.262511444322 0.000000000000 112487.262511444322 15651739.000000000000 0.000 8.624263093943
20110513.000 109798.070985492595 0.000000000000 109798.070985492595 15651739.000000000000 0.000 8.418086014761
20110613.000 112241.071684987546 0.000000000000 112241.071684987546 15651739.000000000000 0.000 8.605387939448
20110713.000 107522.589099999168 0.000000000000 107522.589099999168 15651739.000000000000 0.000 8.243627556018
20110813.000 109929.122692566176 0.000000000000 109929.122692566176 15651739.000000000000 0.000 8.428133591487
20110913.000 109482.788182659831 15651739.000000000000 15761221.788182659075 0.000000000000 0.000 8.393913661555
20111013.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20111113.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20111213.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
# DEAL: d3black BOND: A4
# Scenario: No prepayment till Anticipated Repayment Date.
#
# TOTAL (since settlement date):
# 0 0 0 0
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
19961022.000 0.000000000000 0.000000000000 0.000000000000 39129349.000000000000 0.000 0.000000000000
19961113.000 161536.745848210674 0.000000000000 161536.745848210674 39129349.000000000000 0.000 7.821996315666
19961213.000 255056.986276059411 0.000000000000 255056.986276059411 39129349.000000000000 0.000 7.821964621269
19970113.000 260948.852865340770 0.000000000000 260948.852865340770 39129349.000000000000 0.000 8.002653543723
19970213.000 260948.544517843198 0.000000000000 260948.544517843198 39129349.000000000000 0.000 8.002644087470
19970313.000 243266.694946998236 0.000000000000 243266.694946998236 39129349.000000000000 0.000 7.460385654165
19970413.000 261123.695219473884 0.000000000000 261123.695219473884 39129349.000000000000 0.000 8.008015524699
19970513.000 255053.951020800421 0.000000000000 255053.951020800421 39129349.000000000000 0.000 7.821871537524
19970613.000 261123.072608756105 0.000000000000 261123.072608756105 39129349.000000000000 0.000 8.007996430774
19970713.000 255052.280191267637 0.000000000000 255052.280191267637 39129349.000000000000 0.000 7.821820297330
19970813.000 261122.404887624958 0.000000000000 261122.404887624958 39129349.000000000000 0.000 8.007975953424
19970913.000 261122.054736895836 0.000000000000 261122.054736895836 39129349.000000000000 0.000 8.007965215171
19971013.000 255049.352126047888 0.000000000000 255049.352126047888 39129349.000000000000 0.000 7.821730500839
19971113.000 261121.317958753702 0.000000000000 261121.317958753702 39129349.000000000000 0.000 8.007942620014
19971213.000 255047.507001610764 0.000000000000 255047.507001610764 39129349.000000000000 0.000 7.821673915452
19980113.000 260944.439857303718 0.000000000000 260944.439857303718 39129349.000000000000 0.000 8.002518207721
19980213.000 260943.986638354661 0.000000000000 260943.986638354661 39129349.000000000000 0.000 8.002504308621
19980313.000 243245.882732532657 0.000000000000 243245.882732532657 39129349.000000000000 0.000 7.459747395211
19980413.000 261119.254424307990 0.000000000000 261119.254424307990 39129349.000000000000 0.000 8.007879336535
19980513.000 255043.462165310688 0.000000000000 255043.462165310688 39129349.000000000000 0.000 7.821549870364
19980613.000 261118.335298236780 0.000000000000 261118.335298236780 39129349.000000000000 0.000 8.007851149220
19980713.000 255041.366908280586 0.000000000000 255041.366908280586 39129349.000000000000 0.000 7.821485614032
19980813.000 261117.361346079560 0.000000000000 261117.361346079560 39129349.000000000000 0.000 8.007821280525
19980913.000 261116.854917203484 0.000000000000 261116.854917203484 39129349.000000000000 0.000 8.007805749609
19981013.000 255037.778786649491 0.000000000000 255037.778786649491 39129349.000000000000 0.000 7.821375575249
19981113.000 261115.796800171898 0.000000000000 261115.796800171898 39129349.000000000000 0.000 8.007773299786
19981213.000 255035.476454981603 0.000000000000 255035.476454981603 39129349.000000000000 0.000 7.821304968452
19990113.000 260938.117171599501 0.000000000000 260938.117171599501 39129349.000000000000 0.000 8.002324306646
19990213.000 260937.488383900694 0.000000000000 260937.488383900694 39129349.000000000000 0.000 8.002305023288
19990313.000 243221.011105779267 0.000000000000 243221.011105779267 39129349.000000000000 0.000 7.458984644159
19990413.000 261112.881389283488 0.000000000000 261112.881389283488 39129349.000000000000 0.000 8.007683891371
19990513.000 255030.224772466609 0.000000000000 255030.224772466609 39129349.000000000000 0.000 7.821143912386
19990613.000 261111.602602878207 0.000000000000 261111.602602878207 39129349.000000000000 0.000 8.007644674167
19990713.000 255027.622033520165 0.000000000000 255027.622033520165 39129349.000000000000 0.000 7.821064092843
19990813.000 261110.257279733807 0.000000000000 261110.257279733807 39129349.000000000000 0.000 8.007603416445
19990913.000 261109.561335589737 0.000000000000 261109.561335589737 39129349.000000000000 0.000 8.007582073566
19991013.000 255023.244536572893 0.000000000000 255023.244536572893 39129349.000000000000 0.000 7.820929845878
19991113.000 261108.113620526565 0.000000000000 261108.113620526565 39129349.000000000000 0.000 8.007537675739
19991213.000 255020.395320609503 0.000000000000 255020.395320609503 39129349.000000000000 0.000 7.820842467498
20000113.000 261106.593893771234 0.000000000000 261106.593893771234 39129349.000000000000 0.000 8.007491069492
20000213.000 260928.640220033121 0.000000000000 260928.640220033121 39129349.000000000000 0.000 8.002033672066
20000313.000 249103.489133461699 0.000000000000 249103.489133461699 39129349.000000000000 0.000 7.639385642735
20000413.000 261104.171986443194 0.000000000000 261104.171986443194 39129349.000000000000 0.000 8.007416795606
20000513.000 255013.109714100050 0.000000000000 255013.109714100050 39129349.000000000000 0.000 7.820619036031
20000613.000 261102.460337764467 0.000000000000 261102.460337764467 39129349.000000000000 0.000 8.007364303590
20000713.000 255009.892114918010 0.000000000000 255009.892114918010 39129349.000000000000 0.000 7.820520360252
20000813.000 261100.668090723455 0.000000000000 261100.668090723455 39129349.000000000000 0.000 8.007309339822
20000913.000 261099.744090822263 0.000000000000 261099.744090822263 39129349.000000000000 0.000 8.007281003039
20001013.000 255004.558183568093 0.000000000000 255004.558183568093 39129349.000000000000 0.000 7.820356781818
20001113.000 261097.827542800369 0.000000000000 261097.827542800369 39129349.000000000000 0.000 8.007222227269
20001213.000 255001.046285851364 0.000000000000 255001.046285851364 39129349.000000000000 0.000 7.820249080633
20010113.000 260918.055294493301 0.000000000000 260918.055294493301 39129349.000000000000 0.000 8.001709058676
20010213.000 260916.958270426578 0.000000000000 260916.958270426578 39129349.000000000000 0.000 8.001675415671
20010313.000 243154.086827679857 0.000000000000 243154.086827679857 39129349.000000000000 0.000 7.456932242681
20010413.000 261092.636937733536 0.000000000000 261092.636937733536 39129349.000000000000 0.000 8.007063044297
20010513.000 254992.600418030168 0.000000000000 254992.600418030168 39129349.000000000000 0.000 7.819990066833
20010613.000 261090.397581532423 0.000000000000 261090.397581532423 39129349.000000000000 0.000 8.006994368801
20010713.000 254988.653715219290 0.000000000000 254988.653715219290 39129349.000000000000 0.000 7.819869031255
20010813.000 261088.060382235271 0.000000000000 261088.060382235271 39129349.000000000000 0.000 8.006922692700
20010913.000 261086.858206848468 0.000000000000 261086.858206848468 39129349.000000000000 0.000 8.006885824965
20011013.000 254982.184731978195 0.000000000000 254982.184731978195 39129349.000000000000 0.000 7.819670643597
20011113.000 261084.369801240537 0.000000000000 261084.369801240537 39129349.000000000000 0.000 8.006809511742
20011213.000 254977.885816225898 0.000000000000 254977.885816225898 39129349.000000000000 0.000 7.819538806523
20020113.000 260903.250889382587 0.000000000000 260903.250889382587 39129349.000000000000 0.000 8.001255044321
20020213.000 260901.842240158614 0.000000000000 260901.842240158614 39129349.000000000000 0.000 8.001211844546
20020313.000 243111.794176758762 0.000000000000 243111.794176758762 39129349.000000000000 0.000 7.455635232064
20020413.000 261077.662965349504 0.000000000000 261077.662965349504 39129349.000000000000 0.000 8.006603829735
20020513.000 254967.359153883182 0.000000000000 254967.359153883182 39129349.000000000000 0.000 7.819215979920
20020613.000 261074.783025877463 0.000000000000 261074.783025877463 39129349.000000000000 0.000 8.006515509140
20020713.000 254962.535717650142 0.000000000000 254962.535717650142 39129349.000000000000 0.000 7.819068057104
20020813.000 261071.784102643927 0.000000000000 261071.784102643927 39129349.000000000000 0.000 8.006423539609
20020913.000 261070.244030478789 0.000000000000 261070.244030478789 39129349.000000000000 0.000 8.006376309419
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
20021013.000 254954.700916743430 0.000000000000 254954.700916743430 39129349.000000000000 0.000 7.818827783209
20021113.000 261067.060866456304 0.000000000000 261067.060866456304 39129349.000000000000 0.000 8.006278689680
20021213.000 254949.454333334725 0.000000000000 254949.454333334725 39129349.000000000000 0.000 7.818666883520
20030113.000 260884.336885804340 0.000000000000 260884.336885804340 39129349.000000000000 0.000 8.000674998783
20030213.000 260882.549655550858 0.000000000000 260882.549655550858 39129349.000000000000 0.000 8.000620188868
20030313.000 243061.423968975636 0.000000000000 243061.423968975636 39129349.000000000000 0.000 7.454090502829
20030413.000 261058.510732316179 0.000000000000 261058.510732316179 39129349.000000000000 0.000 8.006016478290
20030513.000 256129.913263498194 0.000000000000 256129.913263498194 39129349.000000000000 0.000 7.854868628563
20030613.000 262270.971837163030 0.000000000000 262270.971837163030 39129349.000000000000 0.000 8.043199650590
20030713.000 255978.945588449307 0.000000000000 255978.945588449307 39129349.000000000000 0.000 7.850238824728
20030813.000 262051.739694508142 0.000000000000 262051.739694508142 39129349.000000000000 0.000 8.036476344991
20030913.000 262049.956620425277 0.000000000000 262049.956620425277 39129349.000000000000 0.000 8.036421662535
20031013.000 256136.842360747600 0.000000000000 256136.842360747600 39129349.000000000000 0.000 7.855081126775
20031113.000 264530.176031690382 0.000000000000 264530.176031690382 39129349.000000000000 0.000 8.112483835037
20031213.000 258711.320862357243 0.000000000000 258711.320862357243 39129349.000000000000 0.000 7.934033991591
20040113.000 264529.474749664834 0.000000000000 264529.474749664834 39129349.000000000000 0.000 8.112462328458
20040213.000 264529.163996702642 0.000000000000 264529.163996702642 39129349.000000000000 0.000 8.112452798436
20040313.000 252884.753646189580 0.000000000000 252884.753646189580 39129349.000000000000 0.000 7.755347638813
20040413.000 264528.196432191879 0.000000000000 264528.196432191879 39129349.000000000000 0.000 8.112423125635
20040513.000 258704.251073668274 0.000000000000 258704.251073668274 39129349.000000000000 0.000 7.933817178722
20040613.000 264527.279477968696 0.000000000000 264527.279477968696 39129349.000000000000 0.000 8.112395004925
20040713.000 258701.084578569513 0.000000000000 258701.084578569513 39129349.000000000000 0.000 7.933720070178
20040813.000 264526.271084655134 0.000000000000 264526.271084655134 39129349.000000000000 0.000 8.112364080005
20040913.000 264525.803645398235 0.000000000000 264525.803645398235 39129349.000000000000 0.000 8.112349744804
20041013.000 258695.813701309904 0.000000000000 258695.813701309904 39129349.000000000000 0.000 7.933558425456
20041113.000 264524.653671560576 0.000000000000 264524.653671560576 39129349.000000000000 0.000 8.112314477961
20041213.000 258692.263334744086 0.000000000000 258692.263334744086 39129349.000000000000 0.000 7.933449544527
20050113.000 264523.402845249278 0.000000000000 264523.402845249278 39129349.000000000000 0.000 8.112276118223
20050213.000 264522.811689753958 0.000000000000 264522.811689753958 39129349.000000000000 0.000 8.112257988951
20050313.000 247014.783182178653 0.000000000000 247014.783182178653 39129349.000000000000 0.000 7.575330216166
20050413.000 264521.106909700204 0.000000000000 264521.106909700204 39129349.000000000000 0.000 8.112205707579
20050513.000 258683.385440017009 0.000000000000 258683.385440017009 39129349.000000000000 0.000 7.933177281534
20050613.000 264519.577887392719 0.000000000000 264519.577887392719 39129349.000000000000 0.000 8.112158816260
20050713.000 258679.251044400531 0.000000000000 258679.251044400531 39129349.000000000000 0.000 7.933050489884
20050813.000 264517.932704772335 0.000000000000 264517.932704772335 39129349.000000000000 0.000 8.112108362593
20050913.000 264517.140150169726 0.000000000000 264517.140150169726 39129349.000000000000 0.000 8.112084056911
20051013.000 258672.463051922794 0.000000000000 258672.463051922794 39129349.000000000000 0.000 7.932842319005
20051113.000 264515.314484204806 0.000000000000 264515.314484204806 39129349.000000000000 0.000 8.112028068268
20051213.000 258667.851444251952 0.000000000000 258667.851444251952 39129349.000000000000 0.000 7.932700892445
20060113.000 264513.360550621641 0.000000000000 264513.360550621641 39129349.000000000000 0.000 8.111968145975
20060213.000 264512.410276379727 0.000000000000 264512.410276379727 39129349.000000000000 0.000 8.111939003423
20060313.000 246958.089937747893 0.000000000000 246958.089937747893 39129349.000000000000 0.000 7.573591575094
20060413.000 265593.817545508675 0.000000000000 265593.817545508675 39129349.000000000000 0.000 8.145103079906
20060513.000 260405.694942314585 0.000000000000 260405.694942314585 39129349.000000000000 0.000 7.985996238547
20060613.000 266256.779716633901 0.000000000000 266256.779716633901 39129349.000000000000 0.000 8.165434483972
20060713.000 260465.011475029314 0.000000000000 260465.011475029314 39129349.000000000000 0.000 7.987815329359
20060813.000 266035.857358526322 0.000000000000 266035.857358526322 39129349.000000000000 0.000 8.158659343661
20060913.000 265491.119352622190 0.000000000000 265491.119352622190 39129349.000000000000 0.000 8.141953581266
20061013.000 260118.875699823053 0.000000000000 260118.875699823053 39129349.000000000000 0.000 7.977200204373
20061113.000 267375.432744737715 0.000000000000 267375.432744737715 39129349.000000000000 0.000 8.199740795424
20061213.000 260796.584467041219 0.000000000000 260796.584467041219 39129349.000000000000 0.000 7.997983849934
20070113.000 267385.975321630132 0.000000000000 267385.975321630132 39129349.000000000000 0.000 8.200064110087
20070213.000 267391.104388682055 0.000000000000 267391.104388682055 39129349.000000000000 0.000 8.200221405841
20070313.000 247620.997668719821 0.000000000000 247620.997668719821 39129349.000000000000 0.000 7.593921309615
20070413.000 267402.737935117853 0.000000000000 267402.737935117853 39129349.000000000000 0.000 8.200578177831
20070513.000 260812.172839423292 0.000000000000 260812.172839423292 39129349.000000000000 0.000 7.998461906619
20070613.000 267413.736349540239 0.000000000000 267413.736349540239 39129349.000000000000 0.000 8.200915471899
20070713.000 260817.886534940131 0.000000000000 260817.886534940131 39129349.000000000000 0.000 7.998637131477
20070813.000 267424.921804634912 0.000000000000 267424.921804634912 39129349.000000000000 0.000 8.201258502041
20070913.000 267430.379945290159 0.000000000000 267430.379945290159 39129349.000000000000 0.000 8.201425889665
20071013.000 260826.009809314826 0.000000000000 260826.009809314826 39129349.000000000000 0.000 7.998886252137
20071113.000 267441.852457148721 0.000000000000 267441.852457148721 39129349.000000000000 0.000 8.201777723125
20071213.000 260831.781321611517 0.000000000000 260831.781321611517 39129349.000000000000 0.000 7.999063250092
20080113.000 267453.526274149073 0.000000000000 267453.526274149073 39129349.000000000000 0.000 8.202135730113
20080213.000 267459.234773307689 0.000000000000 267459.234773307689 39129349.000000000000 0.000 8.202310795612
20080313.000 254214.982920598617 0.000000000000 254214.982920598617 39129349.000000000000 0.000 7.796142468527
20080413.000 267471.631699994439 0.000000000000 267471.631699994439 39129349.000000000000 0.000 8.202690978580
20080513.000 260846.812838398939 0.000000000000 260846.812838398939 39129349.000000000000 0.000 7.999524229398
20080613.000 267483.840932134888 0.000000000000 267483.840932134888 39129349.000000000000 0.000 8.203065405421
20080713.000 260852.680597152124 0.000000000000 260852.680597152124 39129349.000000000000 0.000 7.999704178993
20080813.000 267406.297139601491 0.000000000000 267406.297139601491 39129349.000000000000 0.000 8.200687329797
20080913.000 267412.727038698911 0.000000000000 267412.727038698911 39129349.000000000000 0.000 8.200884518841
20081013.000 260741.113345423684 0.000000000000 260741.113345423684 39129349.000000000000 0.000 7.996282688335
20081113.000 267426.172070070927 0.000000000000 267426.172070070927 39129349.000000000000 0.000 8.201296844578
20081213.000 260747.878947272082 0.000000000000 260747.878947272082 39129349.000000000000 0.000 7.996490172549
20090113.000 267439.881507363287 0.000000000000 267439.881507363287 39129349.000000000000 0.000 8.201717278988
20090213.000 267446.640624329913 0.000000000000 267446.640624329913 39129349.000000000000 0.000 8.201924564326
20090313.000 247365.951184076781 0.000000000000 247365.951184076781 39129349.000000000000 0.000 7.586099667053
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
20090413.000 267461.554470837640 0.000000000000 267461.554470837640 39129349.000000000000 0.000 8.202381934977
20090513.000 263381.393423758098 0.000000000000 263381.393423758098 39129349.000000000000 0.000 8.077253524164
20090613.000 269861.978028901096 0.000000000000 269861.978028901096 39129349.000000000000 0.000 8.275996966744
20090713.000 263398.007957340975 0.000000000000 263398.007957340975 39129349.000000000000 0.000 8.077763050666
20090813.000 269886.406775616168 0.000000000000 269886.406775616168 39129349.000000000000 0.000 8.276746135765
20090913.000 269898.729994792840 0.000000000000 269898.729994792840 39129349.000000000000 0.000 8.277124058306
20091013.000 263423.191504093003 0.000000000000 263423.191504093003 39129349.000000000000 0.000 8.078535367530
20091113.000 269924.126982084941 0.000000000000 269924.126982084941 39129349.000000000000 0.000 8.277902920861
20091213.000 263440.748276439845 0.000000000000 263440.748276439845 39129349.000000000000 0.000 8.079073790155
20100113.000 269950.207137712452 0.000000000000 269950.207137712452 39129349.000000000000 0.000 8.278702734494
20100213.000 269963.383737390395 0.000000000000 269963.383737390395 39129349.000000000000 0.000 8.279106828096
20100313.000 250448.775961868931 0.000000000000 250448.775961868931 39129349.000000000000 0.000 7.680642250252
20100413.000 269991.061063505360 0.000000000000 269991.061063505360 39129349.000000000000 0.000 8.279955622983
20100513.000 263487.770124811272 0.000000000000 263487.770124811272 39129349.000000000000 0.000 8.080515833519
20100613.000 270018.998360705271 0.000000000000 270018.998360705271 39129349.000000000000 0.000 8.280812390537
20100713.000 263506.868105483009 0.000000000000 263506.868105483009 39129349.000000000000 0.000 8.081101521177
20100813.000 270047.733992472931 0.000000000000 270047.733992472931 39129349.000000000000 0.000 8.281693641031
20100913.000 270062.285133487370 0.000000000000 270062.285133487370 39129349.000000000000 0.000 8.282139888404
20101013.000 263535.978649734112 0.000000000000 263535.978649734112 39129349.000000000000 0.000 8.081994269306
20101113.000 270092.285164105590 0.000000000000 270092.285164105590 39129349.000000000000 0.000 8.283059914872
20101213.000 263556.292884076713 0.000000000000 263556.292884076713 39129349.000000000000 0.000 8.082617256446
20110113.000 270123.182233506639 0.000000000000 270123.182233506639 39129349.000000000000 0.000 8.284007451292
20110213.000 270138.854243157431 0.000000000000 270138.854243157431 39129349.000000000000 0.000 8.284488072924
20110313.000 250452.476104332338 0.000000000000 250452.476104332338 39129349.000000000000 0.000 7.680755724436
20110413.000 270033.694803106366 0.000000000000 270033.694803106366 39129349.000000000000 0.000 8.281263093943
20110513.000 263310.715730505704 0.000000000000 263310.715730505704 39129349.000000000000 0.000 8.075086014761
20110613.000 269418.217713370454 0.000000000000 269418.217713370454 39129349.000000000000 0.000 8.262387939448
20110713.000 257622.010798699019 0.000000000000 257622.010798699019 39129349.000000000000 0.000 7.900627556018
20110813.000 263638.345010749064 0.000000000000 263638.345010749064 39129349.000000000000 0.000 8.085133591487
20110913.000 262522.508693208278 39129349.000000000000 39391871.508693210781 0.000000000000 0.000 8.050913661555
20111013.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20111113.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20111213.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20120113.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
# DEAL: d3black BOND: A3
# Scenario: No prepayment till Anticipated Repayment Date.
#
# TOTAL (since settlement date):
# 0 0 0 0
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
19961022.000 0.000000000000 0.000000000000 0.000000000000 35216414.000000000000 0.000 0.000000000000
19961113.000 139881.484396784217 0.000000000000 139881.484396784217 35216414.000000000000 0.000 7.525996315666
19961213.000 220864.571543289727 0.000000000000 220864.571543289727 35216414.000000000000 0.000 7.525964621269
19970113.000 226167.251458585553 0.000000000000 226167.251458585553 35216414.000000000000 0.000 7.706653543723
19970213.000 226166.973945838516 0.000000000000 226166.973945838516 35216414.000000000000 0.000 7.706644087470
19970313.000 210253.309377266240 0.000000000000 210253.309377266240 35216414.000000000000 0.000 7.164385654165
19970413.000 226324.609576858522 0.000000000000 226324.609576858522 35216414.000000000000 0.000 7.712015524699
19970513.000 220861.839813564409 0.000000000000 220861.839813564409 35216414.000000000000 0.000 7.525871537524
19970613.000 226324.049227214098 0.000000000000 226324.049227214098 35216414.000000000000 0.000 7.711996430774
19970713.000 220860.336066989170 0.000000000000 220860.336066989170 35216414.000000000000 0.000 7.525820297330
19970813.000 226323.448278197786 0.000000000000 226323.448278197786 35216414.000000000000 0.000 7.711975953424
19970913.000 226323.133142542443 0.000000000000 226323.133142542443 35216414.000000000000 0.000 7.711965215171
19971013.000 220857.700808298861 0.000000000000 220857.700808298861 35216414.000000000000 0.000 7.525730500839
19971113.000 226322.470042216446 0.000000000000 226322.470042216446 35216414.000000000000 0.000 7.711942620014
19971213.000 220856.040196310176 0.000000000000 220856.040196310176 35216414.000000000000 0.000 7.525673915452
19980113.000 226163.279751363501 0.000000000000 226163.279751363501 35216414.000000000000 0.000 7.706518207721
19980213.000 226162.871854310477 0.000000000000 226162.871854310477 35216414.000000000000 0.000 7.706504308621
19980313.000 210234.578384300461 0.000000000000 210234.578384300461 35216414.000000000000 0.000 7.163747395211
19980413.000 226320.612861220608 0.000000000000 226320.612861220608 35216414.000000000000 0.000 7.711879336535
19980513.000 220852.399843650433 0.000000000000 220852.399843650433 35216414.000000000000 0.000 7.525549870364
19980613.000 226319.785647758865 0.000000000000 226319.785647758865 35216414.000000000000 0.000 7.711851149220
19980713.000 220850.514112328703 0.000000000000 220850.514112328703 35216414.000000000000 0.000 7.525485614032
19980813.000 226318.909090819856 0.000000000000 226318.909090819856 35216414.000000000000 0.000 7.711821280525
19980913.000 226318.453304832627 0.000000000000 226318.453304832627 35216414.000000000000 0.000 7.711805749609
19981013.000 220847.284802869923 0.000000000000 220847.284802869923 35216414.000000000000 0.000 7.525375575249
19981113.000 226317.500999506883 0.000000000000 226317.500999506883 35216414.000000000000 0.000 7.711773299786
19981213.000 220845.212704374688 0.000000000000 220845.212704374688 35216414.000000000000 0.000 7.525304968452
19990113.000 226157.589334245800 0.000000000000 226157.589334245800 35216414.000000000000 0.000 7.706324306646
19990213.000 226157.023425318563 0.000000000000 226157.023425318563 35216414.000000000000 0.000 7.706305023288
19990313.000 210212.193920285907 0.000000000000 210212.193920285907 35216414.000000000000 0.000 7.162984644159
19990413.000 226314.877129714820 0.000000000000 226314.877129714820 35216414.000000000000 0.000 7.711683891371
19990513.000 220840.486190124619 0.000000000000 220840.486190124619 35216414.000000000000 0.000 7.525143912386
19990613.000 226313.726221953344 0.000000000000 226313.726221953344 35216414.000000000000 0.000 7.711644674167
19990713.000 220838.143725079484 0.000000000000 220838.143725079484 35216414.000000000000 0.000 7.525064092843
19990813.000 226312.515431126812 0.000000000000 226312.515431126812 35216414.000000000000 0.000 7.711603416445
19990913.000 226311.889081398927 0.000000000000 226311.889081398927 35216414.000000000000 0.000 7.711582073566
19991013.000 220834.203977838130 0.000000000000 220834.203977838130 35216414.000000000000 0.000 7.524929845878
19991113.000 226310.586137845763 0.000000000000 226310.586137845763 35216414.000000000000 0.000 7.711537675739
19991213.000 220831.639683478366 0.000000000000 220831.639683478366 35216414.000000000000 0.000 7.524842467498
20000113.000 226309.218383769825 0.000000000000 226309.218383769825 35216414.000000000000 0.000 7.711491069492
20000213.000 226149.060077860311 0.000000000000 226149.060077860311 35216414.000000000000 0.000 7.706033672066
20000313.000 215506.424130166677 0.000000000000 215506.424130166677 35216414.000000000000 0.000 7.343385642735
20000413.000 226307.038667180779 0.000000000000 226307.038667180779 35216414.000000000000 0.000 7.711416795606
20000513.000 220825.082637638465 0.000000000000 220825.082637638465 35216414.000000000000 0.000 7.524619036031
20000613.000 226305.498183374293 0.000000000000 226305.498183374293 35216414.000000000000 0.000 7.711364303590
20000713.000 220822.186798382842 0.000000000000 220822.186798382842 35216414.000000000000 0.000 7.524520360252
20000813.000 226303.885161042010 0.000000000000 226303.885161042010 35216414.000000000000 0.000 7.711309339822
20000913.000 226303.053561133303 0.000000000000 226303.053561133303 35216414.000000000000 0.000 7.711281003039
20001013.000 220817.386260181549 0.000000000000 220817.386260181549 35216414.000000000000 0.000 7.524356781818
20001113.000 226301.328667918453 0.000000000000 226301.328667918453 35216414.000000000000 0.000 7.711222227269
20001213.000 220814.225552245480 0.000000000000 220814.225552245480 35216414.000000000000 0.000 7.524249080633
20010113.000 226139.533644901501 0.000000000000 226139.533644901501 35216414.000000000000 0.000 7.705709058676
20010213.000 226138.546323244285 0.000000000000 226138.546323244285 35216414.000000000000 0.000 7.705675415671
20010313.000 210151.962070167472 0.000000000000 210151.962070167472 35216414.000000000000 0.000 7.160932242681
20010413.000 226296.657123371609 0.000000000000 226296.657123371609 35216414.000000000000 0.000 7.711063044297
20010513.000 220806.624271228007 0.000000000000 220806.624271228007 35216414.000000000000 0.000 7.523990066833
20010613.000 226294.641702796333 0.000000000000 226294.641702796333 35216414.000000000000 0.000 7.710994368801
20010713.000 220803.072238708264 0.000000000000 220803.072238708264 35216414.000000000000 0.000 7.523869031255
20010813.000 226292.538223434851 0.000000000000 226292.538223434851 35216414.000000000000 0.000 7.710922692700
20010913.000 226291.456265589746 0.000000000000 226291.456265589746 35216414.000000000000 0.000 7.710885824965
20011013.000 220797.250153807836 0.000000000000 220797.250153807836 35216414.000000000000 0.000 7.523670643597
20011113.000 226289.216700549034 0.000000000000 226289.216700549034 35216414.000000000000 0.000 7.710809511742
20011213.000 220793.381129641755 0.000000000000 220793.381129641755 35216414.000000000000 0.000 7.523538806523
20020113.000 226126.209680339700 0.000000000000 226126.209680339700 35216414.000000000000 0.000 7.705255044321
20020213.000 226124.941896041797 0.000000000000 226124.941896041797 35216414.000000000000 0.000 7.705211844546
20020313.000 210113.898684446613 0.000000000000 210113.898684446613 35216414.000000000000 0.000 7.159635232064
20020413.000 226283.180548264238 0.000000000000 226283.180548264238 35216414.000000000000 0.000 7.710603829735
20020513.000 220783.907133560220 0.000000000000 220783.907133560220 35216414.000000000000 0.000 7.523215979920
20020613.000 226280.588602746779 0.000000000000 226280.588602746779 35216414.000000000000 0.000 7.710515509140
20020713.000 220779.566040962789 0.000000000000 220779.566040962789 35216414.000000000000 0.000 7.523068057104
20020813.000 226277.889571844222 0.000000000000 226277.889571844222 35216414.000000000000 0.000 7.710423539609
20020913.000 226276.503506899578 0.000000000000 226276.503506899578 35216414.000000000000 0.000 7.710376309419
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
20021013.000 220772.514720166742 0.000000000000 220772.514720166742 35216414.000000000000 0.000 7.522827783209
20021113.000 226273.638659287448 0.000000000000 226273.638659287448 35216414.000000000000 0.000 7.710278689680
20021213.000 220767.792795112357 0.000000000000 220767.792795112357 35216414.000000000000 0.000 7.522666883520
20030113.000 226109.187077167619 0.000000000000 226109.187077167619 35216414.000000000000 0.000 7.704674998783
20030213.000 226107.578569944104 0.000000000000 226107.578569944104 35216414.000000000000 0.000 7.704620188868
20030313.000 210068.565497570526 0.000000000000 210068.565497570526 35216414.000000000000 0.000 7.158090502829
20030413.000 226265.943538583175 0.000000000000 226265.943538583175 35216414.000000000000 0.000 7.710016478290
20030513.000 221830.205829242652 0.000000000000 221830.205829242652 35216414.000000000000 0.000 7.558868628563
20030613.000 227357.158529846783 0.000000000000 227357.158529846783 35216414.000000000000 0.000 7.747199650590
20030713.000 221694.334922084498 0.000000000000 221694.334922084498 35216414.000000000000 0.000 7.554238824728
20030813.000 227159.849602017610 0.000000000000 227159.849602017610 35216414.000000000000 0.000 7.740476344991
20030913.000 227158.244835347577 0.000000000000 227158.244835347577 35216414.000000000000 0.000 7.740421662535
20031013.000 221836.442016749410 0.000000000000 221836.442016749410 35216414.000000000000 0.000 7.559081126775
20031113.000 229390.442299147689 0.000000000000 229390.442299147689 35216414.000000000000 0.000 7.816483835037
20031213.000 224153.472661618638 0.000000000000 224153.472661618638 35216414.000000000000 0.000 7.638033991591
20040113.000 229389.811145326501 0.000000000000 229389.811145326501 35216414.000000000000 0.000 7.816462328458
20040213.000 229389.531467661291 0.000000000000 229389.531467661291 35216414.000000000000 0.000 7.816452798436
20040313.000 218909.562181958318 0.000000000000 218909.562181958318 35216414.000000000000 0.000 7.459347638813
20040413.000 229388.660659604124 0.000000000000 229388.660659604124 35216414.000000000000 0.000 7.816423125635
20040513.000 224147.109851816640 0.000000000000 224147.109851816640 35216414.000000000000 0.000 7.637817178722
20040613.000 229387.835400805576 0.000000000000 229387.835400805576 35216414.000000000000 0.000 7.816395004925
20040713.000 224144.260006235883 0.000000000000 224144.260006235883 35216414.000000000000 0.000 7.637720070178
20040813.000 229386.927846825914 0.000000000000 229386.927846825914 35216414.000000000000 0.000 7.816364080005
20040913.000 229386.507151495898 0.000000000000 229386.507151495898 35216414.000000000000 0.000 7.816349744804
20041013.000 224139.516216715740 0.000000000000 224139.516216715740 35216414.000000000000 0.000 7.637558425456
20041113.000 229385.472175044968 0.000000000000 229385.472175044968 35216414.000000000000 0.000 7.816314477961
20041213.000 224136.320886815549 0.000000000000 224136.320886815549 35216414.000000000000 0.000 7.637449544527
20050113.000 229384.346431367972 0.000000000000 229384.346431367972 35216414.000000000000 0.000 7.816276118223
20050213.000 229383.814391423744 0.000000000000 229383.814391423744 35216414.000000000000 0.000 7.816257988951
20050313.000 213626.588779349899 0.000000000000 213626.588779349899 35216414.000000000000 0.000 7.279330216166
20050413.000 229382.280089379696 0.000000000000 229382.280089379696 35216414.000000000000 0.000 7.816205707579
20050513.000 224128.330781583878 0.000000000000 224128.330781583878 35216414.000000000000 0.000 7.637177281534
20050613.000 229380.903969306848 0.000000000000 229380.903969306848 35216414.000000000000 0.000 7.816158816260
20050713.000 224124.609825539635 0.000000000000 224124.609825539635 35216414.000000000000 0.000 7.637050489884
20050813.000 229379.423304952739 0.000000000000 229379.423304952739 35216414.000000000000 0.000 7.816108362593
20050913.000 229378.710005812405 0.000000000000 229378.710005812405 35216414.000000000000 0.000 7.816084056911
20051013.000 224118.500632326992 0.000000000000 224118.500632326992 35216414.000000000000 0.000 7.636842319005
20051113.000 229377.066906448716 0.000000000000 229377.066906448716 35216414.000000000000 0.000 7.816028068268
20051213.000 224114.350185435032 0.000000000000 224114.350185435032 35216414.000000000000 0.000 7.636700892445
20060113.000 229375.308366228797 0.000000000000 229375.308366228797 35216414.000000000000 0.000 7.815968145975
20060213.000 229374.453119413520 0.000000000000 229374.453119413520 35216414.000000000000 0.000 7.815939003423
20060313.000 213575.564859507169 0.000000000000 213575.564859507169 35216414.000000000000 0.000 7.277591575094
20060413.000 230347.719658865884 0.000000000000 230347.719658865884 35216414.000000000000 0.000 7.849103079906
20060513.000 225678.409329250106 0.000000000000 225678.409329250106 35216414.000000000000 0.000 7.689996238547
20060613.000 230944.385611184291 0.000000000000 230944.385611184291 35216414.000000000000 0.000 7.869434483972
20060713.000 225731.794208541716 0.000000000000 225731.794208541716 35216414.000000000000 0.000 7.691815329359
20060813.000 230745.555489452090 0.000000000000 230745.555489452090 35216414.000000000000 0.000 7.862659343661
20060913.000 230255.291285530489 0.000000000000 230255.291285530489 35216414.000000000000 0.000 7.845953581266
20061013.000 225420.272011740715 0.000000000000 225420.272011740715 35216414.000000000000 0.000 7.681200204373
20061113.000 231951.173333618877 0.000000000000 231951.173333618877 35216414.000000000000 0.000 7.903740795424
20061213.000 226030.209900505084 0.000000000000 226030.209900505084 35216414.000000000000 0.000 7.701983849934
20070113.000 231960.661652795068 0.000000000000 231960.661652795068 35216414.000000000000 0.000 7.904064110087
20070213.000 231965.277813128690 0.000000000000 231965.277813128690 35216414.000000000000 0.000 7.904221405841
20070313.000 214172.181815687713 0.000000000000 214172.181815687713 35216414.000000000000 0.000 7.297921309615
20070413.000 231975.748004891182 0.000000000000 231975.748004891182 35216414.000000000000 0.000 7.904578177831
20070513.000 226044.239435609139 0.000000000000 226044.239435609139 35216414.000000000000 0.000 7.702461906619
20070613.000 231985.646577843261 0.000000000000 231985.646577843261 35216414.000000000000 0.000 7.904915471899
20070713.000 226049.381761559693 0.000000000000 226049.381761559693 35216414.000000000000 0.000 7.702637131477
20070813.000 231995.713487399829 0.000000000000 231995.713487399829 35216414.000000000000 0.000 7.905258502041
20070913.000 232000.625813975639 0.000000000000 232000.625813975639 35216414.000000000000 0.000 7.905425889665
20071013.000 226056.692708476156 0.000000000000 226056.692708476156 35216414.000000000000 0.000 7.702886252137
20071113.000 232010.951074619050 0.000000000000 232010.951074619050 35216414.000000000000 0.000 7.905777723125
20071213.000 226061.887069528399 0.000000000000 226061.887069528399 35216414.000000000000 0.000 7.703063250092
20080113.000 232021.457509889558 0.000000000000 232021.457509889558 35216414.000000000000 0.000 7.906135730113
20080213.000 232026.595159117685 0.000000000000 232026.595159117685 35216414.000000000000 0.000 7.906310795612
20080313.000 220106.768525526917 0.000000000000 220106.768525526917 35216414.000000000000 0.000 7.500142468527
20080413.000 232037.752393104078 0.000000000000 232037.752393104078 35216414.000000000000 0.000 7.906690978580
20080513.000 226075.415434598690 0.000000000000 226075.415434598690 35216414.000000000000 0.000 7.703524229398
20080613.000 232048.740701999253 0.000000000000 232048.740701999253 35216414.000000000000 0.000 7.907065405421
20080713.000 226080.696417461586 0.000000000000 226080.696417461586 35216414.000000000000 0.000 7.703704178993
20080813.000 231978.951288917422 0.000000000000 231978.951288917422 35216414.000000000000 0.000 7.904687329797
20080913.000 231984.738198088598 0.000000000000 231984.738198088598 35216414.000000000000 0.000 7.904884518841
20081013.000 225980.285891191103 0.000000000000 225980.285891191103 35216414.000000000000 0.000 7.700282688335
20081113.000 231996.838726289046 0.000000000000 231996.838726289046 35216414.000000000000 0.000 7.905296844578
20081213.000 225986.374932837323 0.000000000000 225986.374932837323 35216414.000000000000 0.000 7.700490172549
20090113.000 232009.177219817182 0.000000000000 232009.177219817182 35216414.000000000000 0.000 7.905717278988
20090213.000 232015.260425069922 0.000000000000 232015.260425069922 35216414.000000000000 0.000 7.905924564326
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
20090313.000 213942.639980160777 0.000000000000 213942.639980160777 35216414.000000000000 0.000 7.290099667053
20090413.000 232028.682886888739 0.000000000000 232028.682886888739 35216414.000000000000 0.000 7.906381934977
20090513.000 228356.537954944477 0.000000000000 228356.537954944477 35216414.000000000000 0.000 7.781253524164
20090613.000 234189.064083011268 0.000000000000 234189.064083011268 35216414.000000000000 0.000 7.979996966744
20090713.000 228371.491035126644 0.000000000000 228371.491035126644 35216414.000000000000 0.000 7.781763050666
20090813.000 234211.049954992341 0.000000000000 234211.049954992341 35216414.000000000000 0.000 7.980746135765
20090913.000 234222.140852219891 0.000000000000 234222.140852219891 35216414.000000000000 0.000 7.981124058306
20091013.000 228394.156227139087 0.000000000000 228394.156227139087 35216414.000000000000 0.000 7.782535367530
20091113.000 234244.998140717857 0.000000000000 234244.998140717857 35216414.000000000000 0.000 7.981902920861
20091213.000 228409.957322206348 0.000000000000 228409.957322206348 35216414.000000000000 0.000 7.783073790155
20100113.000 234268.470280716021 0.000000000000 234268.470280716021 35216414.000000000000 0.000 7.982702734494
20100213.000 234280.329220392479 0.000000000000 234280.329220392479 35216414.000000000000 0.000 7.983106828096
20100313.000 216717.182272295147 0.000000000000 216717.182272295147 35216414.000000000000 0.000 7.384642250252
20100413.000 234305.238813825243 0.000000000000 234305.238813825243 35216414.000000000000 0.000 7.983955622983
20100513.000 228452.276985620498 0.000000000000 228452.276985620498 35216414.000000000000 0.000 7.784515833519
20100613.000 234330.382381233707 0.000000000000 234330.382381233707 35216414.000000000000 0.000 7.984812390537
20100713.000 228469.465168176190 0.000000000000 228469.465168176190 35216414.000000000000 0.000 7.785101521177
20100813.000 234356.244449751161 0.000000000000 234356.244449751161 35216414.000000000000 0.000 7.985693641031
20100913.000 234369.340476626967 0.000000000000 234369.340476626967 35216414.000000000000 0.000 7.986139888404
20101013.000 228495.664657927817 0.000000000000 228495.664657927817 35216414.000000000000 0.000 7.785994269306
20101113.000 234396.340504106687 0.000000000000 234396.340504106687 35216414.000000000000 0.000 7.987059914872
20101213.000 228513.947468784259 0.000000000000 228513.947468784259 35216414.000000000000 0.000 7.786617256446
20110113.000 234424.147866488638 0.000000000000 234424.147866488638 35216414.000000000000 0.000 7.988007451292
20110213.000 234438.252675134339 0.000000000000 234438.252675134339 35216414.000000000000 0.000 7.988488072924
20110313.000 216720.512400502776 0.000000000000 216720.512400502776 35216414.000000000000 0.000 7.384755724436
20110413.000 234343.609179357096 0.000000000000 234343.609179357096 35216414.000000000000 0.000 7.985263093943
20110513.000 228292.928031197953 0.000000000000 228292.928031197953 35216414.000000000000 0.000 7.779086014761
20110613.000 233789.679800167709 11981788.472227580845 12215578.152027748525 23234625.527772419155 0.000 7.966387939448
20110713.000 147242.227951877925 12422660.948780952021 12569903.176732830703 10811964.578991467133 0.000 7.604627556018
20110813.000 70179.863743487236 7943927.975746254437 8014107.839489741251 2868036.603245212696 0.000 7.789133591487
20110913.000 18534.480196954868 2868036.603245212696 2886571.083442167379 0.000000000000 0.000 7.754913661555
20111013.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20111113.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20111213.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20120113.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20120213.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
# DEAL: d3black BOND: A2
# Scenario: No prepayment till Anticipated Repayment Date.
#
# TOTAL (since settlement date):
# 0 0 0 0
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
19961022.000 0.000000000000 0.000000000000 0.000000000000 39129349.000000000000 0.000 0.000000000000
19961113.000 153379.363508071780 0.000000000000 153379.363508071780 39129349.000000000000 0.000 7.426996315666
19961213.000 242176.908896892710 0.000000000000 242176.908896892710 39129349.000000000000 0.000 7.426964621269
19970113.000 248068.775486174040 0.000000000000 248068.775486174040 39129349.000000000000 0.000 7.607653543723
19970213.000 248068.467138676497 0.000000000000 248068.467138676497 39129349.000000000000 0.000 7.607644087470
19970313.000 230386.617567831505 0.000000000000 230386.617567831505 39129349.000000000000 0.000 7.065385654165
19970413.000 248243.617840307183 0.000000000000 248243.617840307183 39129349.000000000000 0.000 7.613015524699
19970513.000 242173.873641633720 0.000000000000 242173.873641633720 39129349.000000000000 0.000 7.426871537524
19970613.000 248242.995229589462 0.000000000000 248242.995229589462 39129349.000000000000 0.000 7.612996430774
19970713.000 242172.202812100935 0.000000000000 242172.202812100935 39129349.000000000000 0.000 7.426820297330
19970813.000 248242.327508458256 0.000000000000 248242.327508458256 39129349.000000000000 0.000 7.612975953424
19970913.000 248241.977357729105 0.000000000000 248241.977357729105 39129349.000000000000 0.000 7.612965215171
19971013.000 242169.274746881158 0.000000000000 242169.274746881158 39129349.000000000000 0.000 7.426730500839
19971113.000 248241.240579587029 0.000000000000 248241.240579587029 39129349.000000000000 0.000 7.612942620014
19971213.000 242167.429622444033 0.000000000000 242167.429622444033 39129349.000000000000 0.000 7.426673915452
19980113.000 248064.362478137075 0.000000000000 248064.362478137075 39129349.000000000000 0.000 7.607518207721
19980213.000 248063.909259187960 0.000000000000 248063.909259187960 39129349.000000000000 0.000 7.607504308621
19980313.000 230365.805353365984 0.000000000000 230365.805353365984 39129349.000000000000 0.000 7.064747395211
19980413.000 248239.177045141318 0.000000000000 248239.177045141318 39129349.000000000000 0.000 7.612879336535
19980513.000 242163.384786143986 0.000000000000 242163.384786143986 39129349.000000000000 0.000 7.426549870364
19980613.000 248238.257919070136 0.000000000000 248238.257919070136 39129349.000000000000 0.000 7.612851149220
19980713.000 242161.289529113943 0.000000000000 242161.289529113943 39129349.000000000000 0.000 7.426485614032
19980813.000 248237.283966912859 0.000000000000 248237.283966912859 39129349.000000000000 0.000 7.612821280525
19980913.000 248236.777538036811 0.000000000000 248236.777538036811 39129349.000000000000 0.000 7.612805749609
19981013.000 242157.701407482848 0.000000000000 242157.701407482848 39129349.000000000000 0.000 7.426375575249
19981113.000 248235.719421005197 0.000000000000 248235.719421005197 39129349.000000000000 0.000 7.612773299786
19981213.000 242155.399075814930 0.000000000000 242155.399075814930 39129349.000000000000 0.000 7.426304968452
19990113.000 248058.039792432799 0.000000000000 248058.039792432799 39129349.000000000000 0.000 7.607324306646
19990213.000 248057.411004733993 0.000000000000 248057.411004733993 39129349.000000000000 0.000 7.607305023288
19990313.000 230340.933726612566 0.000000000000 230340.933726612566 39129349.000000000000 0.000 7.063984644159
19990413.000 248232.804010116786 0.000000000000 248232.804010116786 39129349.000000000000 0.000 7.612683891371
19990513.000 242150.147393299936 0.000000000000 242150.147393299936 39129349.000000000000 0.000 7.426143912386
19990613.000 248231.525223711535 0.000000000000 248231.525223711535 39129349.000000000000 0.000 7.612644674167
19990713.000 242147.544654353464 0.000000000000 242147.544654353464 39129349.000000000000 0.000 7.426064092843
19990813.000 248230.179900567164 0.000000000000 248230.179900567164 39129349.000000000000 0.000 7.612603416445
19990913.000 248229.483956423064 0.000000000000 248229.483956423064 39129349.000000000000 0.000 7.612582073566
19991013.000 242143.167157406220 0.000000000000 242143.167157406220 39129349.000000000000 0.000 7.425929845878
19991113.000 248228.036241359921 0.000000000000 248228.036241359921 39129349.000000000000 0.000 7.612537675739
19991213.000 242140.317941442801 0.000000000000 242140.317941442801 39129349.000000000000 0.000 7.425842467498
20000113.000 248226.516514604504 0.000000000000 248226.516514604504 39129349.000000000000 0.000 7.612491069492
20000213.000 248048.562840866449 0.000000000000 248048.562840866449 39129349.000000000000 0.000 7.607033672066
20000313.000 236223.411754294968 0.000000000000 236223.411754294968 39129349.000000000000 0.000 7.244385642735
20000413.000 248224.094607276493 0.000000000000 248224.094607276493 39129349.000000000000 0.000 7.612416795606
20000513.000 242133.032334933378 0.000000000000 242133.032334933378 39129349.000000000000 0.000 7.425619036031
20000613.000 248222.382958597766 0.000000000000 248222.382958597766 39129349.000000000000 0.000 7.612364303590
20000713.000 242129.814735751366 0.000000000000 242129.814735751366 39129349.000000000000 0.000 7.425520360252
20000813.000 248220.590711556753 0.000000000000 248220.590711556753 39129349.000000000000 0.000 7.612309339822
20000913.000 248219.666711655620 0.000000000000 248219.666711655620 39129349.000000000000 0.000 7.612281003039
20001013.000 242124.480804401450 0.000000000000 242124.480804401450 39129349.000000000000 0.000 7.425356781818
20001113.000 248217.750163633667 0.000000000000 248217.750163633667 39129349.000000000000 0.000 7.612222227269
20001213.000 242120.968906684720 0.000000000000 242120.968906684720 39129349.000000000000 0.000 7.425249080633
20010113.000 248037.977915326599 0.000000000000 248037.977915326599 39129349.000000000000 0.000 7.606709058676
20010213.000 248036.880891259934 0.000000000000 248036.880891259934 39129349.000000000000 0.000 7.606675415671
20010313.000 230274.009448513127 0.000000000000 230274.009448513127 39129349.000000000000 0.000 7.061932242681
20010413.000 248212.559558566834 0.000000000000 248212.559558566834 39129349.000000000000 0.000 7.612063044296
20010513.000 242112.523038863495 0.000000000000 242112.523038863495 39129349.000000000000 0.000 7.424990066833
20010613.000 248210.320202365780 0.000000000000 248210.320202365780 39129349.000000000000 0.000 7.611994368801
20010713.000 242108.576336052618 0.000000000000 242108.576336052618 39129349.000000000000 0.000 7.424869031255
20010813.000 248207.983003068541 0.000000000000 248207.983003068541 39129349.000000000000 0.000 7.611922692700
20010913.000 248206.780827681767 0.000000000000 248206.780827681767 39129349.000000000000 0.000 7.611885824965
20011013.000 242102.107352811552 0.000000000000 242102.107352811552 39129349.000000000000 0.000 7.424670643597
20011113.000 248204.292422073893 0.000000000000 248204.292422073893 39129349.000000000000 0.000 7.611809511742
20011213.000 242097.808437059255 0.000000000000 242097.808437059255 39129349.000000000000 0.000 7.424538806523
20020113.000 248023.173510215856 0.000000000000 248023.173510215856 39129349.000000000000 0.000 7.606255044321
20020213.000 248021.764860991942 0.000000000000 248021.764860991942 39129349.000000000000 0.000 7.606211844546
20020313.000 230231.716797592089 0.000000000000 230231.716797592089 39129349.000000000000 0.000 7.060635232064
20020413.000 248197.585586182802 0.000000000000 248197.585586182802 39129349.000000000000 0.000 7.611603829735
20020513.000 242087.281774716539 0.000000000000 242087.281774716539 39129349.000000000000 0.000 7.424215979920
20020613.000 248194.705646710820 0.000000000000 248194.705646710820 39129349.000000000000 0.000 7.611515509140
20020713.000 242082.458338483499 0.000000000000 242082.458338483499 39129349.000000000000 0.000 7.424068057104
20020813.000 248191.706723477255 0.000000000000 248191.706723477255 39129349.000000000000 0.000 7.611423539609
20020913.000 248190.166651312087 0.000000000000 248190.166651312087 39129349.000000000000 0.000 7.611376309419
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
20021013.000 242074.623537576728 0.000000000000 242074.623537576728 39129349.000000000000 0.000 7.423827783209
20021113.000 248186.983487289574 0.000000000000 248186.983487289574 39129349.000000000000 0.000 7.611278689680
20021213.000 242069.376954168052 0.000000000000 242069.376954168052 39129349.000000000000 0.000 7.423666883520
20030113.000 248004.259506637667 0.000000000000 248004.259506637667 39129349.000000000000 0.000 7.605674998783
20030213.000 248002.472276384186 0.000000000000 248002.472276384186 39129349.000000000000 0.000 7.605620188868
20030313.000 230181.346589808963 0.000000000000 230181.346589808963 39129349.000000000000 0.000 7.059090502829
20030413.000 248178.433353149507 0.000000000000 248178.433353149507 39129349.000000000000 0.000 7.611016478290
20030513.000 243249.835884331493 0.000000000000 243249.835884331493 39129349.000000000000 0.000 7.459868628563
20030613.000 249390.894457996328 0.000000000000 249390.894457996328 39129349.000000000000 0.000 7.648199650590
20030713.000 243098.868209282664 0.000000000000 243098.868209282664 39129349.000000000000 0.000 7.455238824728
20030813.000 249171.662315341411 0.000000000000 249171.662315341411 39129349.000000000000 0.000 7.641476344991
20030913.000 249169.879241258634 0.000000000000 249169.879241258634 39129349.000000000000 0.000 7.641421662535
20031013.000 243256.764981580956 0.000000000000 243256.764981580956 39129349.000000000000 0.000 7.460081126775
20031113.000 251650.098652523739 0.000000000000 251650.098652523739 39129349.000000000000 0.000 7.717483835037
20031213.000 245831.243483190541 0.000000000000 245831.243483190541 39129349.000000000000 0.000 7.539033991591
20040113.000 251649.397370498191 0.000000000000 251649.397370498191 39129349.000000000000 0.000 7.717462328458
20040213.000 251649.086617536028 0.000000000000 251649.086617536028 39129349.000000000000 0.000 7.717452798436
20040313.000 240004.676267022878 0.000000000000 240004.676267022878 39129349.000000000000 0.000 7.360347638813
20040413.000 251648.119053025206 0.000000000000 251648.119053025206 39129349.000000000000 0.000 7.717423125635
20040513.000 245824.173694501573 0.000000000000 245824.173694501573 39129349.000000000000 0.000 7.538817178722
20040613.000 251647.202098802023 0.000000000000 251647.202098802023 39129349.000000000000 0.000 7.717395004925
20040713.000 245821.007199402869 0.000000000000 245821.007199402869 39129349.000000000000 0.000 7.538720070178
20040813.000 251646.193705488404 0.000000000000 251646.193705488404 39129349.000000000000 0.000 7.717364080005
20040913.000 251645.726266231533 0.000000000000 251645.726266231533 39129349.000000000000 0.000 7.717349744804
20041013.000 245815.736322143232 0.000000000000 245815.736322143232 39129349.000000000000 0.000 7.538558425456
20041113.000 251644.576292393846 0.000000000000 251644.576292393846 39129349.000000000000 0.000 7.717314477961
20041213.000 245812.185955577384 0.000000000000 245812.185955577384 39129349.000000000000 0.000 7.538449544527
20050113.000 251643.325466082577 0.000000000000 251643.325466082577 39129349.000000000000 0.000 7.717276118223
20050213.000 251642.734310587286 0.000000000000 251642.734310587286 39129349.000000000000 0.000 7.717257988951
20050313.000 234134.705803011952 0.000000000000 234134.705803011952 39129349.000000000000 0.000 7.180330216166
20050413.000 251641.029530533589 0.000000000000 251641.029530533589 39129349.000000000000 0.000 7.717205707579
20050513.000 245803.308060850366 0.000000000000 245803.308060850366 39129349.000000000000 0.000 7.538177281534
20050613.000 251639.500508226076 0.000000000000 251639.500508226076 39129349.000000000000 0.000 7.717158816260
20050713.000 245799.173665233830 0.000000000000 245799.173665233830 39129349.000000000000 0.000 7.538050489884
20050813.000 251637.855325605604 0.000000000000 251637.855325605604 39129349.000000000000 0.000 7.717108362593
20050913.000 251637.062771003024 0.000000000000 251637.062771003024 39129349.000000000000 0.000 7.717084056911
20051013.000 245792.385672756151 0.000000000000 245792.385672756151 39129349.000000000000 0.000 7.537842319005
20051113.000 251635.237105038163 0.000000000000 251635.237105038163 39129349.000000000000 0.000 7.717028068268
20051213.000 245787.774065085308 0.000000000000 245787.774065085308 39129349.000000000000 0.000 7.537700892445
20060113.000 251633.283171454968 0.000000000000 251633.283171454968 39129349.000000000000 0.000 7.716968145975
20060213.000 251632.332897213026 0.000000000000 251632.332897213026 39129349.000000000000 0.000 7.716939003423
20060313.000 234078.012558581249 0.000000000000 234078.012558581249 39129349.000000000000 0.000 7.178591575094
20060413.000 252713.740166341944 0.000000000000 252713.740166341944 39129349.000000000000 0.000 7.750103079906
20060513.000 247525.617563147913 0.000000000000 247525.617563147913 39129349.000000000000 0.000 7.590996238547
20060613.000 253376.702337467257 0.000000000000 253376.702337467257 39129349.000000000000 0.000 7.770434483972
20060713.000 247584.934095862613 0.000000000000 247584.934095862613 39129349.000000000000 0.000 7.592815329359
20060813.000 253155.779979359679 0.000000000000 253155.779979359679 39129349.000000000000 0.000 7.763659343661
20060913.000 252611.041973455489 0.000000000000 252611.041973455489 39129349.000000000000 0.000 7.746953581266
20061013.000 247238.798320656351 0.000000000000 247238.798320656351 39129349.000000000000 0.000 7.582200204373
20061113.000 254495.355365571013 0.000000000000 254495.355365571013 39129349.000000000000 0.000 7.804740795424
20061213.000 247916.507087874576 0.000000000000 247916.507087874576 39129349.000000000000 0.000 7.602983849934
20070113.000 254505.897942463460 0.000000000000 254505.897942463460 39129349.000000000000 0.000 7.805064110087
20070213.000 254511.027009515325 0.000000000000 254511.027009515325 39129349.000000000000 0.000 7.805221405841
20070313.000 234740.920289553178 0.000000000000 234740.920289553178 39129349.000000000000 0.000 7.198921309615
20070413.000 254522.660555951181 0.000000000000 254522.660555951181 39129349.000000000000 0.000 7.805578177831
20070513.000 247932.095460256591 0.000000000000 247932.095460256591 39129349.000000000000 0.000 7.603461906619
20070613.000 254533.658970373566 0.000000000000 254533.658970373566 39129349.000000000000 0.000 7.805915471899
20070713.000 247937.809155773488 0.000000000000 247937.809155773488 39129349.000000000000 0.000 7.603637131477
20070813.000 254544.844425468182 0.000000000000 254544.844425468182 39129349.000000000000 0.000 7.806258502041
20070913.000 254550.302566123428 0.000000000000 254550.302566123428 39129349.000000000000 0.000 7.806425889665
20071013.000 247945.932430148125 0.000000000000 247945.932430148125 39129349.000000000000 0.000 7.603886252137
20071113.000 254561.775077982049 0.000000000000 254561.775077982049 39129349.000000000000 0.000 7.806777723125
20071213.000 247951.703942444816 0.000000000000 247951.703942444816 39129349.000000000000 0.000 7.604063250092
20080113.000 254573.448894982430 0.000000000000 254573.448894982430 39129349.000000000000 0.000 7.807135730113
20080213.000 254579.157394140988 0.000000000000 254579.157394140988 39129349.000000000000 0.000 7.807310795612
20080313.000 241334.905541431945 0.000000000000 241334.905541431945 39129349.000000000000 0.000 7.401142468527
20080413.000 254591.554320827738 0.000000000000 254591.554320827738 39129349.000000000000 0.000 7.807690978580
20080513.000 247966.735459232237 0.000000000000 247966.735459232237 39129349.000000000000 0.000 7.604524229398
20080613.000 254603.763552968187 0.000000000000 254603.763552968187 39129349.000000000000 0.000 7.808065405421
20080713.000 247972.603217985423 0.000000000000 247972.603217985423 39129349.000000000000 0.000 7.604704178993
20080813.000 254526.219760434848 0.000000000000 254526.219760434848 39129349.000000000000 0.000 7.805687329797
20080913.000 254532.649659532239 0.000000000000 254532.649659532239 39129349.000000000000 0.000 7.805884518841
20081013.000 247861.035966256983 0.000000000000 247861.035966256983 39129349.000000000000 0.000 7.601282688335
20081113.000 254546.094690904254 0.000000000000 254546.094690904254 39129349.000000000000 0.000 7.806296844578
20081213.000 247867.801568105438 0.000000000000 247867.801568105438 39129349.000000000000 0.000 7.601490172549
20090113.000 254559.804128196614 0.000000000000 254559.804128196614 39129349.000000000000 0.000 7.806717278988
20090213.000 254566.563245163270 0.000000000000 254566.563245163270 39129349.000000000000 0.000 7.806924564326
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
20090313.000 234485.873804910079 0.000000000000 234485.873804910079 39129349.000000000000 0.000 7.191099667053
20090413.000 254581.477091670997 0.000000000000 254581.477091670997 39129349.000000000000 0.000 7.807381934977
20090513.000 250501.316044591425 0.000000000000 250501.316044591425 39129349.000000000000 0.000 7.682253524164
20090613.000 256981.900649734453 0.000000000000 256981.900649734453 39129349.000000000000 0.000 7.880996966744
20090713.000 250517.930578174273 0.000000000000 250517.930578174273 39129349.000000000000 0.000 7.682763050666
20090813.000 257006.329396449466 0.000000000000 257006.329396449466 39129349.000000000000 0.000 7.881746135765
20090913.000 257018.652615626168 0.000000000000 257018.652615626168 39129349.000000000000 0.000 7.882124058306
20091013.000 250543.114124926360 0.000000000000 250543.114124926360 39129349.000000000000 0.000 7.683535367530
20091113.000 257044.049602918240 0.000000000000 257044.049602918240 39129349.000000000000 0.000 7.882902920861
20091213.000 250560.670897273114 0.000000000000 250560.670897273114 39129349.000000000000 0.000 7.684073790155
20100113.000 257070.129758545809 0.000000000000 257070.129758545809 39129349.000000000000 0.000 7.883702734494
20100213.000 257083.306358223694 0.000000000000 257083.306358223694 39129349.000000000000 0.000 7.884106828096
20100313.000 237568.698582702229 0.000000000000 237568.698582702229 39129349.000000000000 0.000 7.285642250252
20100413.000 257110.983684338717 0.000000000000 257110.983684338717 39129349.000000000000 0.000 7.884955622983
20100513.000 250607.692745644628 0.000000000000 250607.692745644628 39129349.000000000000 0.000 7.685515833519
20100613.000 257138.920981538628 0.000000000000 257138.920981538628 39129349.000000000000 0.000 7.885812390537
20100713.000 250626.790726316336 0.000000000000 250626.790726316336 39129349.000000000000 0.000 7.686101521177
20100813.000 257167.656613306259 0.000000000000 257167.656613306259 39129349.000000000000 0.000 7.886693641031
20100913.000 257182.207754320669 0.000000000000 257182.207754320669 39129349.000000000000 0.000 7.887139888404
20101013.000 250655.901270567410 0.000000000000 250655.901270567410 39129349.000000000000 0.000 7.686994269306
20101113.000 257212.207784938917 0.000000000000 257212.207784938917 39129349.000000000000 0.000 7.888059914872
20101213.000 250676.215504909982 0.000000000000 250676.215504909982 39129349.000000000000 0.000 7.687617256446
20110113.000 257243.104854339967 0.000000000000 257243.104854339967 39129349.000000000000 0.000 7.889007451292
20110213.000 257258.776863990788 0.000000000000 257258.776863990788 39129349.000000000000 0.000 7.889488072924
20110313.000 237572.398725165694 0.000000000000 237572.398725165694 39129349.000000000000 0.000 7.285755724436
20110413.000 257153.617423939664 3376005.472919823602 3633159.090343763120 35753343.527080178261 0.000 7.886263093943
20110513.000 228823.961336065287 17430050.393539801240 17658874.354875866324 18323293.133540377021 0.000 7.680086014761
20110613.000 120130.379508152138 18323293.133540377021 18443423.513048529625 0.000000000000 0.000 7.867387939448
20110713.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20110813.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20110913.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20111013.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20111113.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
0# DEAL: d3black BOND: A1D
# Scenario: No prepayment till Anticipated Repayment Date.
#
# TOTAL (since settlement date):
# 0 0 0 0
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
19961022.000 0.000000000000 0.000000000000 0.000000000000 19564674.000000000000 0.000 0.000000000000
19961113.000 77133.727245000002 0.000000000000 77133.727245000002 19564674.000000000000 0.000 7.470000000000
19961213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19970113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19970213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19970313.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19970413.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19970513.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19970613.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19970713.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19970813.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19970913.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19971013.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19971113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19971213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19980113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19980213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19980313.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19980413.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19980513.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19980613.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19980713.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19980813.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19980913.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19981013.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19981113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19981213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19990113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19990213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19990313.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19990413.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19990513.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19990613.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19990713.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19990813.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19990913.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19991013.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19991113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
19991213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20000113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20000213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20000313.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20000413.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20000513.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20000613.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20000713.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20000813.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20000913.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20001013.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20001113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20001213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20010113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20010213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20010313.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20010413.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20010513.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20010613.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20010713.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20010813.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20010913.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20011013.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20011113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20011213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20020113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20020213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20020313.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20020413.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20020513.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20020613.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20020713.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20020813.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20020913.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
20021013.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20021113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20021213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20030113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20030213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20030313.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20030413.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20030513.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20030613.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20030713.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20030813.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20030913.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20031013.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20031113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20031213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20040113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20040213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20040313.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20040413.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20040513.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20040613.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20040713.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20040813.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20040913.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20041013.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20041113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20041213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20050113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20050213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20050313.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20050413.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20050513.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20050613.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20050713.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20050813.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20050913.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20051013.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20051113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20051213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20060113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20060213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20060313.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20060413.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20060513.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20060613.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20060713.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20060813.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20060913.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20061013.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20061113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20061213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20070113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20070213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20070313.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20070413.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20070513.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20070613.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20070713.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20070813.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20070913.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20071013.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20071113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20071213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20080113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20080213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20080313.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20080413.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20080513.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20080613.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20080713.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20080813.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20080913.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20081013.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20081113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20081213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20090113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20090213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20090313.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
20090413.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20090513.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20090613.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20090713.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20090813.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20090913.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20091013.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20091113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20091213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20100113.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20100213.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20100313.000 121790.095649999988 0.000000000000 121790.095649999988 19564674.000000000000 0.000 7.470000000000
20100413.000 121790.095649999988 869775.704768681200 991565.800418681232 18694898.295231319964 0.000 7.470000000000
20100513.000 116375.741887814977 1150106.720003552735 1266482.461891367799 17544791.575227767229 0.000 7.470000000000
20100613.000 109216.327555792843 1119037.805023131426 1228254.132578924298 16425753.770204635337 0.000 7.470000000000
20100713.000 102250.317219523859 1167919.463219651952 1270169.780439175898 15257834.306984983385 0.000 7.470000000000
20100813.000 94980.018560981509 1137314.897518642480 1232294.916079624090 14120519.409466341138 0.000 7.470000000000
20100913.000 87900.233323927969 1146403.853976462269 1234304.087300390238 12974115.555489879102 0.000 7.470000000000
20101013.000 80763.869332924500 1195018.644189357292 1275782.513522281777 11779096.911300521344 0.000 7.470000000000
20101113.000 73324.878272845745 1165117.951040010434 1238442.829312856076 10613978.960260510445 0.000 7.470000000000
20101213.000 66072.019027621660 1213548.841943937354 1279620.860971559072 9400430.118316572160 0.000 7.470000000000
20110113.000 58517.677486520661 1184130.910015832633 1242648.587502353359 8216299.208300739527 0.000 7.470000000000
20110213.000 51146.462571672098 1193595.485784470337 1244741.948356142500 7022703.722516269423 0.000 7.470000000000
20110313.000 43716.330672663775 6100007.418518549763 6143723.749191213399 922696.303997719660 0.000 7.470000000000
20110413.000 5743.784492385805 922696.303997719660 928440.088490105467 0.000000000000 0.000 7.470000000000
20110513.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20110613.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20110713.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20110813.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
# DEAL: d3black BOND: A1C
# Scenario: No prepayment till Anticipated Repayment Date.
#
# TOTAL (since settlement date):
# 0 0 0 0
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
19961022.000 0.000000000000 0.000000000000 0.000000000000 321000000.000000000000 0.000 0.000000000000
19961113.000 1253683.333333333256 0.000000000000 1253683.333333333256 321000000.000000000000 0.000 7.400000000000
19961213.000 1979500.000000000000 0.000000000000 1979500.000000000000 321000000.000000000000 0.000 7.400000000000
19970113.000 1979500.000000000000 0.000000000000 1979500.000000000000 321000000.000000000000 0.000 7.400000000000
19970213.000 1979500.000000000000 0.000000000000 1979500.000000000000 321000000.000000000000 0.000 7.400000000000
19970313.000 1979500.000000000000 0.000000000000 1979500.000000000000 321000000.000000000000 0.000 7.400000000000
19970413.000 1979500.000000000000 0.000000000000 1979500.000000000000 321000000.000000000000 0.000 7.400000000000
19970513.000 1979500.000000000000 0.000000000000 1979500.000000000000 321000000.000000000000 0.000 7.400000000000
19970613.000 1979500.000000000000 0.000000000000 1979500.000000000000 321000000.000000000000 0.000 7.400000000000
19970713.000 1979500.000000000000 0.000000000000 1979500.000000000000 321000000.000000000000 0.000 7.400000000000
19970813.000 1979500.000000000000 0.000000000000 1979500.000000000000 321000000.000000000000 0.000 7.400000000000
19970913.000 1979500.000000000000 0.000000000000 1979500.000000000000 321000000.000000000000 0.000 7.400000000000
19971013.000 1979500.000000000000 0.000000000000 1979500.000000000000 321000000.000000000000 0.000 7.400000000000
19971113.000 1979500.000000000000 0.000000000000 1979500.000000000000 321000000.000000000000 0.000 7.400000000000
19971213.000 1979500.000000000000 0.000000000000 1979500.000000000000 321000000.000000000000 0.000 7.400000000000
19980113.000 1979500.000000000000 0.000000000000 1979500.000000000000 321000000.000000000000 0.000 7.400000000000
19980213.000 1979500.000000000000 0.000000000000 1979500.000000000000 321000000.000000000000 0.000 7.400000000000
19980313.000 1979500.000000000000 0.000000000000 1979500.000000000000 321000000.000000000000 0.000 7.400000000000
19980413.000 1979500.000000000000 0.000000000000 1979500.000000000000 321000000.000000000000 0.000 7.400000000000
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19980613.000 1979500.000000000000 0.000000000000 1979500.000000000000 321000000.000000000000 0.000 7.400000000000
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</TABLE>
<PAGE>
<TABLE>
<CAPTION>
# DEAL: d3black BOND: A1B
# Scenario: No prepayment till Anticipated Repayment Date.
#
# TOTAL (since settlement date):
# 0 0 0 0
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<C> <C> <C> <C> <C> <C> <C>
19961022.000 0.000000000000 0.000000000000 0.000000000000 154000000.000000000000 0.000 0.000000000000
19961113.000 586012.777777777752 0.000000000000 586012.777777777752 154000000.000000000000 0.000 7.210000000000
19961213.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19970113.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19970213.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19970313.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19970413.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19970513.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19970613.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19970713.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19970813.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19970913.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19971013.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19971113.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19971213.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19980113.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19980213.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19980313.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19980413.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19980513.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19980613.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19980713.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19980813.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19980913.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19981013.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19981113.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19981213.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19990113.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19990213.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19990313.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19990413.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19990513.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19990613.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19990713.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19990813.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19990913.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19991013.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19991113.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
19991213.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20000113.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20000213.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20000313.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20000413.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20000513.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20000613.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20000713.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20000813.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20000913.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20001013.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20001113.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20001213.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20010113.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20010213.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20010313.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20010413.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20010513.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20010613.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20010713.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20010813.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20010913.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20011013.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20011113.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20011213.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20020113.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20020213.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20020313.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20020413.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20020513.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20020613.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20020713.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20020813.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20020913.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
20021013.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20021113.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20021213.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20030113.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20030213.000 925283.333333333372 0.000000000000 925283.333333333372 154000000.000000000000 0.000 7.210000000000
20030313.000 925283.333333333372 112631.674513465725 1037915.007846799097 153887368.325486540794 0.000 7.210000000000
20030413.000 924606.604688964901 24634867.143734969199 25559473.748423933983 129252501.181751579046 0.000 7.210000000000
20030513.000 776592.111267024069 1147407.515798088396 1923999.627065112349 128105093.665953487158 0.000 7.210000000000
20030613.000 769698.104442937183 18484859.013461090624 19254557.117904026061 109620234.652492403984 0.000 7.210000000000
20030713.000 658634.909870391828 1135184.585880618310 1793819.495751010254 108485050.066611781716 0.000 7.210000000000
20030813.000 651814.342483559158 1039628.468204792123 1691442.810688351281 107445421.598406985402 0.000 7.210000000000
20030913.000 645567.908103761962 9196583.590125916526 9842151.498229678720 98248838.008281067014 0.000 7.210000000000
20031013.000 590311.768366422039 65626201.050148993731 66216512.818515412509 32622636.958132073283 0.000 7.210000000000
20031113.000 196007.677056776884 996945.190545532154 1192952.867602308979 31625691.767586540431 0.000 7.210000000000
20031213.000 190017.698036915768 1093363.120040668175 1283380.818077584030 30532328.647545874119 0.000 7.210000000000
20040113.000 183448.407957338117 1013525.394782585558 1196973.802739923587 29518803.252763289958 0.000 7.210000000000
20040213.000 177358.809543686133 1021564.208880948368 1198923.018424634589 28497239.043882340193 0.000 7.210000000000
20040313.000 171220.911255326413 1205863.428745405050 1377084.340000731405 27291375.615136936307 0.000 7.210000000000
20040413.000 163975.681820947764 1039235.120681934524 1203210.802502882201 26252140.494455002248 0.000 7.210000000000
20040513.000 157731.610804183787 1135265.861987059470 1292997.472791243345 25116874.632467944175 0.000 7.210000000000
20040613.000 150910.555083411571 1056485.741724382620 1207396.296807794133 24060388.890743561089 0.000 7.210000000000
20040713.000 144562.836585217563 1152360.767800062895 1296923.604385280516 22908028.122943498194 0.000 7.210000000000
20040813.000 137639.068972018838 1074009.878774768906 1211648.947746787686 21834018.244168728590 0.000 7.210000000000
20040913.000 131186.059617047111 1082530.335416014772 1213716.395033061970 20751487.908752713352 0.000 7.210000000000
20041013.000 124681.856518422544 1178175.763056525961 1302857.619574948447 19573312.145696185529 0.000 7.210000000000
20041113.000 117602.983808724588 1100467.489899607841 1218070.473708332516 18472844.655796576291 0.000 7.210000000000
20041213.000 110991.008306911099 1195951.273593829013 1306942.281900740229 17276893.382202748209 0.000 7.210000000000
20050113.000 103805.334404734851 1118689.090300835203 1222494.424705570098 16158204.291901912540 0.000 7.210000000000
20050213.000 97083.877453843990 1127565.389632563572 1224649.267086407635 15030638.902269348502 0.000 7.210000000000
20050313.000 90309.088737801678 1395406.537142670015 1485715.625880471664 13635232.365126678720 0.000 7.210000000000
20050413.000 81925.021127136119 1147589.032927437220 1229514.054054573411 12487643.332199241966 0.000 7.210000000000
20050513.000 75029.923687630435 1242632.597587559838 1317662.521275190171 11245010.734611682594 0.000 7.210000000000
20050613.000 67563.772830458533 1166557.852693218971 1234121.625523677561 10078452.881918463856 0.000 7.210000000000
20050713.000 60554.704398860100 1261430.499206980690 1321985.203605840681 8817022.382711483166 0.000 7.210000000000
20050813.000 52975.609482791493 1185827.543000210077 1238803.152483001584 7631194.839711273089 0.000 7.210000000000
20050913.000 45850.762328598568 1195238.668145318283 1241089.430473916931 6435956.171565954573 0.000 7.210000000000
20051013.000 38669.369997492111 1289858.286854574457 1328527.656852066517 5146097.884711380117 0.000 7.210000000000
20051113.000 30919.471457307543 1214963.347320273519 1245882.818777580978 3931134.537391106598 0.000 7.210000000000
20051213.000 23619.566678824900 1309405.523294489365 1333025.089973314200 2621729.014096617233 0.000 7.210000000000
20060113.000 15752.221826363842 1235000.935078598093 1250753.156904961914 1386728.079018019140 0.000 7.210000000000
20060213.000 8331.924541433265 1244803.839603994973 1253135.764145428315 141924.239414024167 0.000 7.210000000000
20060313.000 852.728138479262 141924.239414024167 142776.967552503425 0.000000000000 0.000 7.210000000000
20060413.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20060513.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20060613.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20060713.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
# DEAL: d3black BOND: A1A
# Scenario: No prepayment till Anticipated Repayment Date.
#
# TOTAL (since settlement date):
# 0 0 0 0
S_DATE S_IO S_PO S_PI S_RB S_PEN S_COUPON
<S> <C> <C> <C> <C> <C> <C>
19961022.000 0.000000000000 0.000000000000 0.000000000000 64985025.000000000000 0.000 0.000000000000
19961113.000 240426.541104166681 550259.890724143945 790686.431828310597 64434765.109275855124 0.000 7.010000000000
19961213.000 376406.419513353147 675849.260484999628 1052255.679998352658 63758915.848790854216 0.000 7.010000000000
19970113.000 372458.333416686510 559880.843266678741 932339.176683365251 63199035.005524173379 0.000 7.010000000000
19970213.000 369187.696157270402 564274.942737323116 933462.638894593576 62634760.062786847353 0.000 7.010000000000
19970313.000 365891.390033446543 931786.636823539506 1297678.026856986107 61702973.425963304937 0.000 7.010000000000
19970413.000 360448.203096668993 576012.593267281540 936460.796363950474 61126960.832696020603 0.000 7.010000000000
19970513.000 357083.329530999297 701324.142442058423 1058407.471973057836 60425636.690253965557 0.000 7.010000000000
19970613.000 352986.427665566909 586037.183809523471 939023.611475090380 59839599.506444439292 0.000 7.010000000000
19970713.000 349562.993783479556 711248.430017307284 1060811.423800786957 59128351.076427131891 0.000 7.010000000000
19970813.000 345408.117538128456 596218.993320227950 941627.110858356347 58532132.083106905222 0.000 7.010000000000
19970913.000 341925.204918816162 600899.427764917375 942824.632683733478 57931232.655341990292 0.000 7.010000000000
19971013.000 338414.950761622807 725968.935813448392 1064383.886575071141 57205263.719528540969 0.000 7.010000000000
19971113.000 334174.082228245912 611314.416811099974 945488.499039345887 56593949.302717439830 0.000 7.010000000000
19971213.000 330602.987176707713 736279.937004543841 1066882.924181251554 55857669.365712895989 0.000 7.010000000000
19980113.000 326301.885211372806 621892.775839850307 948194.661051223055 55235776.589873045683 0.000 7.010000000000
19980213.000 322668.994912508409 626775.576802692143 949444.571715200553 54609001.013070352376 0.000 7.010000000000
19980313.000 319007.580918019288 991387.296042784117 1310394.876960803289 53617613.717027567327 0.000 7.010000000000
19980413.000 313216.226796969364 639475.700805312023 952691.927602281328 52978138.016222253442 0.000 7.010000000000
19980513.000 309480.622911431652 764139.675144743756 1073620.298056175467 52213998.341077506542 0.000 7.010000000000
19980613.000 305016.773642461107 650495.637044500560 955512.410686961608 51563502.704033002257 0.000 7.010000000000
19980713.000 301216.794962726126 775049.434153800830 1076266.229116526898 50788453.269879199564 0.000 7.010000000000
19980813.000 296689.214518210967 661688.471241071820 958377.685759282787 50126764.798638127744 0.000 7.010000000000
19980913.000 292823.851032044389 666884.973175005638 959708.824207050027 49459879.825463123620 0.000 7.010000000000
19981013.000 288928.131313747086 791281.823734771111 1080209.955048518255 48668598.001728355885 0.000 7.010000000000
19981113.000 284305.726660096436 678335.043101080460 962640.769761176896 47990262.958627276123 0.000 7.010000000000
19981213.000 280343.119449981023 802617.648229033221 1082960.767679014243 47187645.310398243368 0.000 7.010000000000
19990113.000 275654.494688243081 689964.790674764663 965619.285363007803 46497680.519723474979 0.000 7.010000000000
19990213.000 271623.950369384664 695384.261030390742 967008.211399775464 45802296.258693084121 0.000 7.010000000000
19990313.000 267561.747311198793 1056818.002700813347 1324379.750012012199 44745478.255992271006 0.000 7.010000000000
19990413.000 261388.168812088174 709141.376923121512 970529.545735209715 44036336.879069149494 0.000 7.010000000000
19990513.000 257245.601268562255 833096.460237297695 1090342.061505859951 43203240.418831855059 0.000 7.010000000000
19990613.000 252378.929446676106 721254.382753433660 973633.312200109707 42481986.036078423262 0.000 7.010000000000
19990713.000 248165.601760758145 845088.477601266582 1093254.079362024786 41636897.558477155864 0.000 7.010000000000
19990813.000 243228.876570770692 733557.511952677625 976786.388523448259 40903340.046524479985 0.000 7.010000000000
19990913.000 238943.678105113882 739320.748056354350 978264.426161468262 40164019.298468127847 0.000 7.010000000000
19991013.000 234624.812735217973 862981.244599952130 1097606.057335169986 39301038.053868174553 0.000 7.010000000000
19991113.000 229583.563964679925 751907.541935087414 981491.105899767368 38549130.511933088303 0.000 7.010000000000
19991213.000 225191.170740542468 875442.562042525620 1100633.732783067971 37673687.949890561402 0.000 7.010000000000
20000113.000 220077.127107277367 764691.929840903729 984769.056948181125 36908996.020049661398 0.000 7.010000000000
20000213.000 215610.051750456769 770700.768223720486 986310.819974177284 36138295.251825943589 0.000 7.010000000000
20000313.000 211107.874762749881 1011353.532614334952 1222461.407377084717 35126941.719211608171 0.000 7.010000000000
20000413.000 205199.884543061111 784699.501696507912 989899.386239569052 34342242.217515103519 0.000 7.010000000000
20000513.000 200615.931620650721 907901.215522715822 1108517.147143366514 33434341.001992389560 0.000 7.010000000000
20000613.000 195312.275353305566 797998.660959592089 993310.936312897597 32636342.341032795608 0.000 7.010000000000
20000713.000 190650.633175533236 921067.900590581819 1111718.533766115084 31715274.440442211926 0.000 7.010000000000
20000813.000 185270.061522916571 811506.646014591213 996776.707537507755 30903767.794427622110 0.000 7.010000000000
20000913.000 180529.510199114680 817884.824633287964 998414.334832402645 30085882.969794332981 0.000 7.010000000000
20001013.000 175751.699681881873 940762.774187495816 1116514.473869377747 29145120.195606838912 0.000 7.010000000000
20001113.000 170256.077142669936 831705.168803424574 1001961.245946094510 28313415.026803415269 0.000 7.010000000000
20001213.000 165397.532781576621 954445.710391784552 1119843.243173361290 27358969.316411629319 0.000 7.010000000000
20010113.000 159821.979090037930 845742.560041082208 1005564.539131120080 26513226.756370548159 0.000 7.010000000000
20010213.000 154881.432968464622 852390.913032422308 1007272.346000886988 25660835.843338124454 0.000 7.010000000000
20010313.000 149902.049384833546 1206614.199184456840 1356516.248569290387 24454221.644153669477 0.000 7.010000000000
20010413.000 142853.411437931005 868568.873908725334 1011422.285346656339 23585652.770244944841 0.000 7.010000000000
20010513.000 137779.521599514206 990923.242857785546 1128702.764457299840 22594729.527387160808 0.000 7.010000000000
20010613.000 131990.878322486678 883185.042378842365 1015175.920701329014 21711544.485008317977 0.000 7.010000000000
20010713.000 126831.605699923588 1005394.010223709513 1132225.615923633100 20706150.474784608930 0.000 7.010000000000
20010813.000 120958.429023533419 898030.808238243568 1018989.237261777045 19808119.666546367109 0.000 7.010000000000
20010913.000 115712.432385408363 905091.820819145069 1020804.253204553388 18903027.845727220178 0.000 7.010000000000
20011013.000 110425.187665456513 1027089.587567781331 1137514.775233237771 17875938.258159440011 0.000 7.010000000000
20011113.000 104425.272658081391 920281.815787607688 1024707.088445689064 16955656.442371834069 0.000 7.010000000000
20011213.000 99049.293050855471 1042128.745581010589 1141178.038631865988 15913527.696790823713 0.000 7.010000000000
20020113.000 92961.524295419731 935710.463333092630 1028671.987628512317 14977817.233457731083 0.000 7.010000000000
20020213.000 87495.415672115574 943068.943469627295 1030564.359141742811 14034748.289988104254 0.000 7.010000000000
20020313.000 81986.321260680503 1293117.829884735867 1375104.151145416312 12741630.460103368387 0.000 7.010000000000
20020413.000 74432.357937770517 960645.753768818919 1035078.111706589465 11780984.706334549934 0.000 7.010000000000
20020513.000 68820.585659504315 1082072.505695385393 1150893.091354889795 10698912.200639164075 0.000 7.010000000000
20020613.000 62499.478772067123 976708.404026462696 1039207.882798529812 9722203.796612702310 0.000 7.010000000000
20020713.000 56793.873845212533 1097975.600693902932 1154769.474539115559 8624228.195918798447 0.000 7.010000000000
20020813.000 50379.866377825645 993023.474646178540 1043403.341024004156 7631204.721272619441 0.000 7.010000000000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
20020913.000 44578.954246767549 1000834.447459269315 1045413.401706036879 6630370.273813350126 0.000 7.010000000000
20021013.000 38732.413016192986 1121868.641398708103 1160601.054414901184 5508501.632414641790 0.000 7.010000000000
20021113.000 32178.830369355532 1017528.764734993922 1049707.595104349544 4490972.867679648101 0.000 7.010000000000
20021213.000 26234.766502028611 1138397.417711028596 1164632.184213057160 3352575.449968619272 0.000 7.010000000000
20030113.000 19584.628253566687 1034485.474207888357 1054070.102461455157 2318089.975760730915 0.000 7.010000000000
20030213.000 13541.508941735601 1042623.903170688893 1056165.412112424383 1275466.072590041906 0.000 7.010000000000
20030313.000 7450.847640713496 1275466.072590041906 1282916.920230755350 0.000000000000 0.000 7.010000000000
20030413.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20030513.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
20030613.000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000 0.000000000000
</TABLE>
<PAGE>
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1A AAA
CUR BALANCE: $64,985,025
CUR COUPON: 7.01000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-2 SCN-3 SCN-4 SCN-5
101-04 6.72 6.72 6.72 6.72 6.72
101-05 6.71 6.71 6.71 6.71 6.71
101-06 6.70 6.70 6.70 6.70 6.70
101-07 6.69 6.69 6.69 6.69 6.69
101-08 6.68 6.68 6.68 6.68 6.68
101-09 6.67 6.67 6.67 6.67 6.67
101-10 6.66 6.66 6.66 6.66 6.66
101-11 6.65 6.65 6.65 6.65 6.65
101-12 6.64 6.64 6.64 6.64 6.64
101-13 6.63 6.63 6.63 6.63 6.63
101-14 6.62 6.62 6.62 6.62 6.62
101-15 6.61 6.61 6.61 6.61 6.61
* 101-16 6.60 6.60 6.60 6.60 6.60
101-17 6.59 6.59 6.59 6.59 6.59
101-18 6.58 6.58 6.58 6.58 6.58
101-19 6.57 6.57 6.57 6.57 6.57
101-20 6.56 6.56 6.56 6.56 6.56
101-21 6.55 6.55 6.55 6.55 6.55
101-22 6.54 6.54 6.54 6.54 6.53
101-23 6.53 6.52 6.52 6.52 6.52
101-24 6.51 6.51 6.51 6.51 6.51
101-25 6.50 6.50 6.50 6.50 6.50
101-26 6.49 6.49 6.49 6.49 6.49
101-27 6.48 6.48 6.48 6.48 6.48
101-28 6.47 6.47 6.47 6.47 6.47
WAL: 3.54 3.54 3.54 3.54 3.54
WINDOW 6.42 6.42 6.42 6.42 6.25
BEGIN: 19961113 19961113 19961113 19961113 19961113
END: 20030313 20030313 20030313 20030313 20030113
MOD DUR: 2.97 2.97 2.97 2.97 2.97
CONVEX: 0.13 0.13 0.13 0.13 0.13
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
2 10% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
3 25% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
4 50% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
5 100% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-CS1 AAAIO
CUR BALANCE: $64,985,025
CUR COUPON: 2.11527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-2 SCN-3 SCN-4 SCN-5
6.081653 11.47 11.47 11.46 11.46 11.43
6.112903 11.21 11.20 11.20 11.19 11.16
<PAGE>
6.144153 10.94 10.94 10.94 10.93 10.90
6.175403 10.68 10.68 10.68 10.67 10.64
6.206653 10.43 10.42 10.42 10.41 10.38
6.237903 10.17 10.17 10.16 10.16 10.13
6.269153 9.92 9.92 9.91 9.90 9.88
6.300403 9.67 9.66 9.66 9.65 9.62
6.331653 9.42 9.42 9.41 9.40 9.38
6.362903 9.17 9.17 9.16 9.16 9.13
6.394153 8.93 8.92 8.92 8.91 8.88
6.425403 8.68 8.68 8.68 8.67 8.64
* 6.456653 8.44 8.44 8.44 8.43 8.40
6.487903 8.21 8.20 8.20 8.19 8.16
6.519153 7.97 7.97 7.96 7.95 7.92
6.550403 7.73 7.73 7.73 7.72 7.69
6.581653 7.50 7.50 7.50 7.49 7.46
6.612903 7.27 7.27 7.26 7.26 7.23
6.644153 7.04 7.04 7.04 7.03 7.00
6.675403 6.82 6.81 6.81 6.80 6.77
6.706653 6.59 6.59 6.58 6.57 6.54
6.737903 6.37 6.37 6.36 6.35 6.32
6.769153 6.15 6.14 6.14 6.13 6.10
6.800403 5.93 5.92 5.92 5.91 5.88
6.831653 5.71 5.71 5.70 5.69 5.66
WAL: 2.30 2.30 2.30 2.30 2.29
WINDOW 6.42 6.42 6.42 6.42 6.25
BEGIN: 19961113 19961113 19961113 19961113 19961113
END: 20030313 20030313 20030313 20030313 20030113
MOD DUR: 2.02 2.02 2.02 2.02 2.02
CONVEX: 0.07 0.07 0.07 0.07 0.07
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
2 10% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
3 25% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
4 50% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
5 100% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1B AAA
CUR BALANCE: $154,000,000
CUR COUPON: 7.21000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-2 SCN-3 SCN-4 SCN-5
101-04 7.10 7.10 7.10 7.10 7.10
101-05 7.10 7.10 7.10 7.10 7.10
101-06 7.09 7.09 7.09 7.09 7.09
101-07 7.09 7.09 7.09 7.09 7.08
101-08 7.08 7.08 7.08 7.08 7.08
101-09 7.08 7.08 7.08 7.08 7.07
101-10 7.07 7.07 7.07 7.07 7.07
101-11 7.06 7.06 7.06 7.06 7.06
101-12 7.06 7.06 7.06 7.06 7.05
101-13 7.05 7.05 7.05 7.05 7.05
101-14 7.05 7.05 7.05 7.05 7.04
101-15 7.04 7.04 7.04 7.04 7.04
* 101-16 7.04 7.04 7.04 7.04 7.03
101-17 7.03 7.03 7.03 7.03 7.03
101-18 7.02 7.02 7.02 7.02 7.02
<PAGE>
101-19 7.02 7.02 7.02 7.02 7.01
101-20 7.01 7.01 7.01 7.01 7.01
101-21 7.01 7.01 7.01 7.01 7.00
101-22 7.00 7.00 7.00 7.00 7.00
101-23 7.00 7.00 7.00 7.00 6.99
101-24 6.99 6.99 6.99 6.99 6.99
101-25 6.98 6.98 6.98 6.98 6.98
101-26 6.98 6.98 6.98 6.98 6.97
101-27 6.97 6.97 6.97 6.97 6.97
101-28 6.97 6.97 6.97 6.97 6.96
WAL: 7.11 7.11 7.10 7.09 6.97
WINDOW 3.08 3.00 3.00 2.92 3.00
BEGIN: 20030313 20030313 20030313 20030313 20030113
END: 20060313 20060213 20060213 20060113 20051213
MOD DUR: 5.40 5.40 5.40 5.39 5.32
CONVEX: 0.37 0.37 0.37 0.37 0.36
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
2 10% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
3 25% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
4 50% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
5 100% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1C AAA
CUR BALANCE: $321,000,000
CUR COUPON: 7.40000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-2 SCN-3 SCN-4 SCN-5
101-04 7.35 7.35 7.35 7.35 7.35
101-05 7.34 7.34 7.34 7.34 7.34
101-06 7.34 7.34 7.34 7.34 7.34
101-07 7.33 7.33 7.33 7.33 7.33
101-08 7.33 7.33 7.33 7.33 7.33
101-09 7.33 7.33 7.33 7.33 7.32
101-10 7.32 7.32 7.32 7.32 7.32
101-11 7.32 7.32 7.32 7.32 7.31
101-12 7.31 7.31 7.31 7.31 7.31
101-13 7.31 7.31 7.31 7.31 7.31
101-14 7.30 7.30 7.30 7.30 7.30
101-15 7.30 7.30 7.30 7.30 7.30
* 101-16 7.29 7.29 7.29 7.29 7.29
101-17 7.29 7.29 7.29 7.29 7.29
101-18 7.29 7.29 7.29 7.29 7.28
101-19 7.28 7.28 7.28 7.28 7.28
101-20 7.28 7.28 7.28 7.28 7.27
101-21 7.27 7.27 7.27 7.27 7.27
101-22 7.27 7.27 7.27 7.27 7.27
101-23 7.26 7.26 7.26 7.26 7.26
101-24 7.26 7.26 7.26 7.26 7.26
101-25 7.25 7.25 7.25 7.25 7.25
101-26 7.25 7.25 7.25 7.25 7.25
101-27 7.25 7.25 7.25 7.25 7.24
101-28 7.24 7.24 7.24 7.24 7.24
WAL: 10.21 10.21 10.21 10.20 10.08
WINDOW 4.17 4.25 4.25 4.33 4.42
<PAGE>
BEGIN: 20060313 20060213 20060213 20060113 20051213
END: 20100413 20100413 20100413 20100413 20100413
MOD DUR: 6.96 6.96 6.95 6.95 6.89
CONVEX: 0.64 0.64 0.64 0.64 0.62
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
2 10% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
3 25% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
4 50% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
5 100% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-CS2 AAAIO
CUR BALANCE: $623,691,525
CUR COUPON: 1.71550
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-2 SCN-3 SCN-4 SCN-5
11.608221 9.44 9.44 9.43 9.42 9.25
11.639471 9.38 9.37 9.37 9.36 9.18
11.670721 9.32 9.31 9.31 9.30 9.12
11.701971 9.25 9.25 9.25 9.23 9.06
11.733221 9.19 9.19 9.18 9.17 9.00
11.764471 9.13 9.13 9.12 9.11 8.94
11.795721 9.07 9.07 9.06 9.05 8.87
11.826971 9.01 9.01 9.00 8.99 8.81
11.858221 8.95 8.95 8.94 8.93 8.75
11.889471 8.89 8.89 8.88 8.87 8.69
11.920721 8.83 8.83 8.82 8.81 8.63
11.951971 8.77 8.77 8.76 8.75 8.57
* 11.983221 8.71 8.71 8.70 8.69 8.51
12.014471 8.65 8.65 8.64 8.63 8.45
12.045721 8.59 8.59 8.58 8.57 8.39
12.076971 8.53 8.53 8.52 8.51 8.33
12.108221 8.47 8.47 8.47 8.45 8.28
12.139471 8.42 8.41 8.41 8.40 8.22
12.170721 8.36 8.36 8.35 8.34 8.16
12.201971 8.30 8.30 8.29 8.28 8.10
12.233221 8.24 8.24 8.23 8.22 8.04
12.264471 8.19 8.18 8.18 8.17 7.99
12.295721 8.13 8.13 8.12 8.11 7.93
12.326971 8.07 8.07 8.06 8.05 7.87
12.358221 8.02 8.01 8.01 7.99 7.81
WAL: 5.58 5.58 5.58 5.57 5.52
WINDOW 14.92 14.92 14.92 14.92 14.92
BEGIN: 19961113 19961113 19961113 19961113 19961113
END: 20110913 20110913 20110913 20110913 20110913
MOD DUR: 4.40 4.40 4.40 4.39 4.38
CONVEX: 0.31 0.31 0.31 0.31 0.31
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
2 10% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
3 25% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
4 50% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
5 100% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
<PAGE>
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1D AAA/AA
CUR BALANCE: $19,564,674
CUR COUPON: 7.47000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-2 SCN-3 SCN-4 SCN-5
101-04 7.45 7.45 7.45 7.45 7.45
101-05 7.45 7.45 7.45 7.45 7.45
101-06 7.44 7.44 7.44 7.44 7.44
101-07 7.44 7.44 7.44 7.44 7.44
101-08 7.44 7.44 7.44 7.44 7.43
101-09 7.43 7.43 7.43 7.43 7.43
101-10 7.43 7.43 7.43 7.43 7.43
101-11 7.42 7.42 7.42 7.42 7.42
101-12 7.42 7.42 7.42 7.42 7.42
101-13 7.42 7.42 7.42 7.42 7.42
101-14 7.41 7.41 7.41 7.41 7.41
101-15 7.41 7.41 7.41 7.41 7.41
* 101-16 7.41 7.41 7.41 7.41 7.41
101-17 7.40 7.40 7.40 7.40 7.40
101-18 7.40 7.40 7.40 7.40 7.40
101-19 7.40 7.40 7.40 7.40 7.39
101-20 7.39 7.39 7.39 7.39 7.39
101-21 7.39 7.39 7.39 7.39 7.39
101-22 7.38 7.38 7.38 7.38 7.38
101-23 7.38 7.38 7.38 7.38 7.38
101-24 7.38 7.38 7.38 7.38 7.38
101-25 7.37 7.37 7.37 7.37 7.37
101-26 7.37 7.37 7.37 7.37 7.37
101-27 7.37 7.37 7.37 7.37 7.37
101-28 7.36 7.36 7.36 7.36 7.36
WAL: 14.08 14.08 14.07 14.07 14.00
WINDOW 1.08 1.08 1.00 1.00 0.92
BEGIN: 20100413 20100413 20100413 20100413 20100413
END: 20110413 20110413 20110313 20110313 20110213
MOD DUR: 8.48 8.48 8.48 8.48 8.45
CONVEX: 1.00 1.00 1.00 1.00 0.99
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
2 10% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
3 25% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
4 50% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
5 100% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-2 AA
CUR BALANCE: $39,129,349
CUR COUPON: 7.42700
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-2 SCN-3 SCN-4 SCN-5
<PAGE>
101-04 7.56 7.56 7.56 7.56 7.56
101-05 7.55 7.55 7.55 7.55 7.55
101-06 7.55 7.55 7.55 7.55 7.55
101-07 7.55 7.55 7.55 7.55 7.55
101-08 7.54 7.54 7.54 7.54 7.54
101-09 7.54 7.54 7.54 7.54 7.54
101-10 7.54 7.54 7.54 7.54 7.54
101-11 7.53 7.53 7.53 7.53 7.53
101-12 7.53 7.53 7.53 7.53 7.53
101-13 7.53 7.53 7.53 7.53 7.53
101-14 7.52 7.52 7.52 7.52 7.52
101-15 7.52 7.52 7.52 7.52 7.52
* 101-16 7.51 7.51 7.51 7.51 7.51
101-17 7.51 7.51 7.51 7.51 7.51
101-18 7.51 7.51 7.51 7.51 7.51
101-19 7.50 7.50 7.50 7.50 7.50
101-20 7.50 7.50 7.50 7.50 7.50
101-21 7.50 7.50 7.50 7.50 7.50
101-22 7.49 7.49 7.49 7.49 7.49
101-23 7.49 7.49 7.49 7.49 7.49
101-24 7.49 7.49 7.49 7.49 7.49
101-25 7.48 7.48 7.48 7.48 7.48
101-26 7.48 7.48 7.48 7.48 7.48
101-27 7.48 7.48 7.48 7.48 7.47
101-28 7.47 7.47 7.47 7.47 7.47
WAL: 14.59 14.59 14.58 14.57 14.36
WINDOW 0.25 0.25 0.33 0.33 0.25
BEGIN: 20110413 20110413 20110313 20110313 20110213
END: 20110613 20110613 20110613 20110613 20110413
MOD DUR: 8.63 8.63 8.63 8.62 8.55
CONVEX: 1.04 1.04 1.04 1.04 1.02
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
2 10% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
3 25% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
4 50% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
5 100% CPR after lock-out, till Anticipated Repayment Date or
Maturity.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-3 A
CUR BALANCE: $35,216,414
CUR COUPON: 7.52600
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-2 SCN-3 SCN-4 SCN-5
101-04 7.66 7.66 7.66 7.66 7.66
101-05 7.66 7.66 7.66 7.66 7.66
101-06 7.65 7.65 7.65 7.65 7.65
101-07 7.65 7.65 7.65 7.65 7.65
101-08 7.65 7.65 7.65 7.65 7.65
101-09 7.64 7.64 7.64 7.64 7.64
101-10 7.64 7.64 7.64 7.64 7.64
101-11 7.63 7.63 7.63 7.63 7.63
101-12 7.63 7.63 7.63 7.63 7.63
101-13 7.63 7.63 7.63 7.63 7.63
101-14 7.62 7.62 7.62 7.62 7.62
101-15 7.62 7.62 7.62 7.62 7.62
<PAGE>
* 101-16 7.62 7.62 7.62 7.62 7.62
101-17 7.61 7.61 7.61 7.61 7.61
101-18 7.61 7.61 7.61 7.61 7.61
101-19 7.61 7.61 7.61 7.61 7.61
101-20 7.60 7.60 7.60 7.60 7.60
101-21 7.60 7.60 7.60 7.60 7.60
101-22 7.60 7.60 7.60 7.60 7.60
101-23 7.59 7.59 7.59 7.59 7.59
101-24 7.59 7.59 7.59 7.59 7.59
101-25 7.58 7.58 7.58 7.58 7.58
101-26 7.58 7.58 7.58 7.58 7.58
101-27 7.58 7.58 7.58 7.58 7.58
101-28 7.57 7.57 7.57 7.57 7.57
WAL: 14.73 14.73 14.72 14.71 14.58
WINDOW 0.33 0.33 0.33 0.25 0.25
BEGIN: 20110613 20110613 20110613 20110613 20110413
END: 20110913 20110913 20110913 20110813 20110613
MOD DUR: 8.62 8.62 8.62 8.61 8.57
CONVEX: 1.04 1.04 1.04 1.04 1.03
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
2 10% CPR after lock-out, till Anticipated Repayment Date or Maturity.
3 25% CPR after lock-out, till Anticipated Repayment Date or Maturity.
4 50% CPR after lock-out, till Anticipated Repayment Date or Maturity.
5 100% CPR after lock-out, till Anticipated Repayment Date or Maturity.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-4 BBB
CUR BALANCE: $39,129,349
CUR COUPON: 7.82200
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-2 SCN-3 SCN-4 SCN-5
101-04 7.96 7.96 7.96 7.96 7.96
101-05 7.96 7.96 7.96 7.96 7.96
101-06 7.96 7.96 7.96 7.96 7.96
101-07 7.95 7.95 7.95 7.95 7.95
101-08 7.95 7.95 7.95 7.95 7.95
101-09 7.94 7.94 7.94 7.94 7.94
101-10 7.94 7.94 7.94 7.94 7.94
101-11 7.94 7.94 7.94 7.94 7.94
101-12 7.93 7.93 7.93 7.93 7.93
101-13 7.93 7.93 7.93 7.93 7.93
101-14 7.93 7.93 7.93 7.93 7.93
101-15 7.92 7.92 7.92 7.92 7.92
* 101-16 7.92 7.92 7.92 7.92 7.92
101-17 7.92 7.92 7.92 7.92 7.92
101-18 7.91 7.91 7.91 7.91 7.91
101-19 7.91 7.91 7.91 7.91 7.91
101-20 7.90 7.90 7.90 7.90 7.90
101-21 7.90 7.90 7.90 7.90 7.90
101-22 7.90 7.90 7.90 7.90 7.90
101-23 7.89 7.89 7.89 7.89 7.89
101-24 7.89 7.89 7.89 7.89 7.89
101-25 7.89 7.89 7.89 7.89 7.89
101-26 7.88 7.88 7.88 7.88 7.88
101-27 7.88 7.88 7.88 7.88 7.88
101-28 7.88 7.88 7.88 7.88 7.88
<PAGE>
WAL: 14.89 14.89 14.89 14.89 14.76
WINDOW 0.08 0.08 0.08 0.17 0.25
BEGIN: 20110913 20110913 20110913 20110813 20110613
END: 20110913 20110913 20110913 20110913 20110813
MOD DUR: 8.51 8.51 8.51 8.51 8.47
CONVEX: 1.03 1.03 1.03 1.03 1.02
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
2 10% CPR after lock-out, till Anticipated Repayment Date or Maturity.
3 25% CPR after lock-out, till Anticipated Repayment Date or Maturity.
4 50% CPR after lock-out, till Anticipated Repayment Date or Maturity.
5 100% CPR after lock-out, till Anticipated Repayment Date or Maturity.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-5 BBB-
CUR BALANCE: $15,651,739
CUR COUPON: 8.16500
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-2 SCN-3 SCN-4 SCN-5
101-04 8.31 8.31 8.31 8.31 8.31
101-05 8.31 8.31 8.31 8.31 8.31
101-06 8.31 8.31 8.31 8.31 8.31
101-07 8.30 8.30 8.30 8.30 8.30
101-08 8.30 8.30 8.30 8.30 8.30
101-09 8.29 8.29 8.29 8.29 8.29
101-10 8.29 8.29 8.29 8.29 8.29
101-11 8.29 8.29 8.29 8.29 8.29
101-12 8.28 8.28 8.28 8.28 8.28
101-13 8.28 8.28 8.28 8.28 8.28
101-14 8.28 8.28 8.28 8.28 8.28
101-15 8.27 8.27 8.27 8.27 8.27
* 101-16 8.27 8.27 8.27 8.27 8.27
101-17 8.26 8.27 8.27 8.27 8.27
101-18 8.26 8.26 8.26 8.26 8.26
101-19 8.26 8.26 8.26 8.26 8.26
101-20 8.25 8.25 8.25 8.25 8.25
101-21 8.25 8.25 8.25 8.25 8.25
101-22 8.25 8.25 8.25 8.25 8.25
101-23 8.24 8.24 8.24 8.24 8.24
101-24 8.24 8.24 8.24 8.24 8.24
101-25 8.24 8.24 8.24 8.24 8.24
101-26 8.23 8.23 8.23 8.23 8.23
101-27 8.23 8.23 8.23 8.23 8.23
101-28 8.22 8.22 8.22 8.22 8.22
WAL: 14.89 14.89 14.89 14.89 14.89
WINDOW 0.08 0.08 0.08 0.08 0.17
BEGIN: 20110913 20110913 20110913 20110913 20110813
END: 20110913 20110913 20110913 20110913 20110913
MOD DUR: 8.33 8.33 8.33 8.33 8.33
CONVEX: 1.00 1.00 1.00 1.00 0.99
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
2 10% CPR after lock-out, till Anticipated Repayment Date or Maturity.
3 25% CPR after lock-out, till Anticipated Repayment Date or Maturity.
4 50% CPR after lock-out, till Anticipated Repayment Date or Maturity.
5 100% CPR after lock-out, till Anticipated Repayment Date or Maturity.
U.S. Treasury Curve
<PAGE>
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-1 BB
CUR BALANCE: $43,042,284
CUR COUPON: 9.12527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-2 SCN-3 SCN-4 SCN-5
87-22+ 11.18 11.18 11.18 11.18 11.18
87-23+ 11.17 11.17 11.17 11.17 11.18
87-24+ 11.17 11.17 11.17 11.17 11.17
87-25+ 11.16 11.16 11.16 11.16 11.17
87-26+ 11.16 11.16 11.16 11.16 11.16
87-27+ 11.15 11.15 11.15 11.15 11.16
87-28+ 11.15 11.15 11.15 11.15 11.15
87-29+ 11.14 11.14 11.14 11.14 11.15
87-30+ 11.14 11.14 11.14 11.14 11.14
87-31+ 11.13 11.13 11.13 11.13 11.14
88-00+ 11.13 11.13 11.13 11.13 11.13
88-01+ 11.12 11.12 11.12 11.12 11.13
* 88-02+ 11.12 11.12 11.12 11.12 11.12
88-03+ 11.11 11.11 11.11 11.11 11.12
88-04+ 11.11 11.11 11.11 11.11 11.11
88-05+ 11.10 11.10 11.10 11.11 11.11
88-06+ 11.10 11.10 11.10 11.10 11.10
88-07+ 11.09 11.10 11.10 11.10 11.10
88-08+ 11.09 11.09 11.09 11.09 11.09
88-09+ 11.09 11.09 11.09 11.09 11.09
88-10+ 11.08 11.08 11.08 11.08 11.08
88-11+ 11.08 11.08 11.08 11.08 11.08
88-12+ 11.07 11.07 11.07 11.07 11.07
88-13+ 11.07 11.07 11.07 11.07 11.07
88-14+ 11.06 11.06 11.06 11.06 11.06
WAL: 14.94 14.94 14.93 14.93 14.89
WINDOW 0.17 0.17 0.17 0.17 0.08
BEGIN: 20110913 20110913 20110913 20110913 20110913
END: 20111013 20111013 20111013 20111013 20110913
MOD DUR: 7.31 7.31 7.31 7.31 7.30
CONVEX: 0.82 0.82 0.82 0.82 0.82
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
2 10% CPR after lock-out, till Anticipated Repayment Date or Maturity.
3 25% CPR after lock-out, till Anticipated Repayment Date or Maturity.
4 50% CPR after lock-out, till Anticipated Repayment Date or Maturity.
5 100% CPR after lock-out, till Anticipated Repayment Date or Maturity.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-2 B
CUR BALANCE: $27,390,544
CUR COUPON: 9.12527
Yield to Maturity is Corporate Bond Equivalent
<PAGE>
----------- -------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-2 SCN-3 SCN-4 SCN-5
74-12+ 13.46 13.46 13.46 13.46 13.46
74-13+ 13.45 13.45 13.45 13.45 13.45
74-14+ 13.44 13.44 13.44 13.44 13.45
74-15+ 13.44 13.44 13.44 13.44 13.44
74-16+ 13.43 13.43 13.43 13.43 13.43
74-17+ 13.42 13.42 13.42 13.42 13.43
74-18+ 13.42 13.42 13.42 13.42 13.42
74-19+ 13.41 13.41 13.41 13.41 13.42
74-20+ 13.41 13.41 13.41 13.41 13.41
74-21+ 13.40 13.40 13.40 13.40 13.40
74-22+ 13.39 13.39 13.39 13.39 13.40
74-23+ 13.39 13.39 13.39 13.39 13.39
* 74-24+ 13.38 13.38 13.38 13.38 13.38
74-25+ 13.37 13.37 13.37 13.37 13.38
74-26+ 13.37 13.37 13.37 13.37 13.37
74-27+ 13.36 13.36 13.36 13.36 13.37
74-28+ 13.36 13.36 13.36 13.36 13.36
74-29+ 13.35 13.35 13.35 13.35 13.35
74-30+ 13.34 13.34 13.34 13.34 13.35
74-31+ 13.34 13.34 13.34 13.34 13.34
75-00+ 13.33 13.33 13.33 13.33 13.34
75-01+ 13.33 13.33 13.33 13.33 13.33
75-02+ 13.32 13.32 13.32 13.32 13.32
75-03+ 13.31 13.31 13.31 13.31 13.32
75-04+ 13.31 13.31 13.31 13.31 13.31
WAL: 15.71 15.71 15.71 15.71 15.68
WINDOW 1.50 1.50 1.50 1.50 1.58
BEGIN: 20111013 20111013 20111013 20111013 20110913
END: 20130313 20130313 20130313 20130313 20130313
MOD DUR: 6.77 6.77 6.77 6.77 6.76
CONVEX: 0.75 0.75 0.75 0.75 0.75
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
2 10% CPR after lock-out, till Anticipated Repayment Date or Maturity.
3 25% CPR after lock-out, till Anticipated Repayment Date or Maturity.
4 50% CPR after lock-out, till Anticipated Repayment Date or Maturity.
5 100% CPR after lock-out, till Anticipated Repayment Date or Maturity.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-3 B-
CUR BALANCE: $7,825,869
CUR COUPON: 9.12527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-2 SCN-3 SCN-4 SCN-5
63-27 15.74 15.74 15.74 15.74 15.74
63-28 15.73 15.73 15.73 15.73 15.73
63-29 15.72 15.72 15.72 15.72 15.72
63-30 15.71 15.71 15.71 15.71 15.71
63-31 15.70 15.70 15.71 15.71 15.71
64-00 15.70 15.70 15.70 15.70 15.70
64-01 15.69 15.69 15.69 15.69 15.69
64-02 15.68 15.68 15.68 15.68 15.68
64-03 15.67 15.67 15.67 15.67 15.67
64-04 15.67 15.67 15.67 15.67 15.67
<PAGE>
64-05 15.66 15.66 15.66 15.66 15.66
64-06 15.65 15.65 15.65 15.65 15.65
* 64-07 15.64 15.64 15.64 15.64 15.64
64-08 15.63 15.63 15.63 15.63 15.64
64-09 15.63 15.63 15.63 15.63 15.63
64-10 15.62 15.62 15.62 15.62 15.62
64-11 15.61 15.61 15.61 15.61 15.61
64-12 15.60 15.60 15.60 15.60 15.60
64-13 15.59 15.59 15.59 15.59 15.60
64-14 15.59 15.59 15.59 15.59 15.59
64-15 15.58 15.58 15.58 15.58 15.58
64-16 15.57 15.57 15.57 15.57 15.57
64-17 15.56 15.56 15.56 15.56 15.56
64-18 15.56 15.56 15.56 15.56 15.56
64-19 15.55 15.55 15.55 15.55 15.55
WAL: 16.39 16.39 16.39 16.39 16.39
WINDOW 0.08 0.08 0.08 0.08 0.08
BEGIN: 20130313 20130313 20130313 20130313 20130313
END: 20130313 20130313 20130313 20130313 20130313
MOD DUR: 6.18 6.18 6.18 6.18 6.18
CONVEX: 0.66 0.66 0.66 0.66 0.66
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
2 10% CPR after lock-out, till Anticipated Repayment Date or Maturity.
3 25% CPR after lock-out, till Anticipated Repayment Date or Maturity.
4 50% CPR after lock-out, till Anticipated Repayment Date or Maturity.
5 100% CPR after lock-out, till Anticipated Repayment Date or Maturity.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-4 UR
CUR BALANCE: $15,650,746
CUR COUPON: 9.12527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-2 SCN-3 SCN-4 SCN-5
39-04+ 25.24 25.24 25.24 25.24 25.25
39-05+ 25.22 25.22 25.22 25.22 25.23
39-06+ 25.20 25.20 25.20 25.20 25.21
39-07+ 25.18 25.18 25.18 25.18 25.19
39-08+ 25.16 25.16 25.16 25.16 25.17
39-09+ 25.14 25.14 25.14 25.14 25.15
39-10+ 25.12 25.12 25.12 25.12 25.13
39-11+ 25.10 25.10 25.10 25.10 25.11
39-12+ 25.08 25.08 25.08 25.08 25.09
39-13+ 25.06 25.06 25.06 25.06 25.07
39-14+ 25.04 25.04 25.04 25.04 25.05
39-15+ 25.02 25.02 25.02 25.02 25.03
* 39-16+ 25.00 25.00 25.00 25.00 25.01
39-17+ 24.98 24.98 24.98 24.99 24.99
39-18+ 24.96 24.96 24.96 24.97 24.98
39-19+ 24.94 24.95 24.95 24.95 24.96
39-20+ 24.93 24.93 24.93 24.93 24.94
39-21+ 24.91 24.91 24.91 24.91 24.92
39-22+ 24.89 24.89 24.89 24.89 24.90
39-23+ 24.87 24.87 24.87 24.87 24.88
39-24+ 24.85 24.85 24.85 24.85 24.86
39-25+ 24.83 24.83 24.83 24.83 24.84
<PAGE>
39-26+ 24.81 24.81 24.81 24.81 24.82
39-27+ 24.79 24.79 24.79 24.79 24.80
39-28+ 24.77 24.77 24.77 24.77 24.78
WAL: 18.70 18.70 18.70 18.69 18.61
WINDOW 8.25 8.25 8.25 8.25 8.00
BEGIN: 20130313 20130313 20130313 20130313 20130313
END: 20210513 20210513 20210513 20210513 20210213
MOD DUR: 4.03 4.03 4.03 4.03 4.03
CONVEX: 0.33 0.33 0.33 0.33 0.33
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
2 10% CPR after lock-out, till Anticipated Repayment Date or Maturity.
3 25% CPR after lock-out, till Anticipated Repayment Date or Maturity.
4 50% CPR after lock-out, till Anticipated Repayment Date or Maturity.
5 100% CPR after lock-out, till Anticipated Repayment Date or Maturity.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-4H UR H
CUR BALANCE: $1,001
CUR COUPON: 9.12527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-2 SCN-3 SCN-4 SCN-5
39-04+ 25.24 25.24 25.24 25.24 25.25
39-05+ 25.22 25.22 25.22 25.22 25.23
39-06+ 25.20 25.20 25.20 25.20 25.21
39-07+ 25.18 25.18 25.18 25.18 25.19
39-08+ 25.16 25.16 25.16 25.16 25.17
39-09+ 25.14 25.14 25.14 25.14 25.15
39-10+ 25.12 25.12 25.12 25.12 25.13
39-11+ 25.10 25.10 25.10 25.10 25.11
39-12+ 25.08 25.08 25.08 25.08 25.09
39-13+ 25.06 25.06 25.06 25.06 25.07
39-14+ 25.04 25.04 25.04 25.04 25.05
39-15+ 25.02 25.02 25.02 25.02 25.03
* 39-16+ 25.00 25.00 25.00 25.00 25.01
39-17+ 24.98 24.98 24.98 24.99 24.99
39-18+ 24.96 24.96 24.96 24.97 24.98
39-19+ 24.94 24.95 24.95 24.95 24.96
39-20+ 24.93 24.93 24.93 24.93 24.94
39-21+ 24.91 24.91 24.91 24.91 24.92
39-22+ 24.89 24.89 24.89 24.89 24.90
39-23+ 24.87 24.87 24.87 24.87 24.88
39-24+ 24.85 24.85 24.85 24.85 24.86
39-25+ 24.83 24.83 24.83 24.83 24.84
39-26+ 24.81 24.81 24.81 24.81 24.82
39-27+ 24.79 24.79 24.79 24.79 24.80
39-28+ 24.77 24.77 24.77 24.77 24.78
WAL: 18.70 18.70 18.70 18.69 18.61
WINDOW 8.25 8.25 8.25 8.25 8.00
BEGIN: 20130313 20130313 20130313 20130313 20130313
END: 20210513 20210513 20210513 20210513 20210213
MOD DUR: 4.03 4.03 4.03 4.03 4.03
CONVEX: 0.33 0.33 0.33 0.33 0.33
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
2 10% CPR after lock-out, till Anticipated Repayment Date or Maturity.
3 25% CPR after lock-out, till Anticipated Repayment Date or Maturity.
<PAGE>
4 50% CPR after lock-out, till Anticipated Repayment Date or Maturity.
5 100% CPR after lock-out, till Anticipated Repayment Date or Maturity.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
<PAGE>
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1A AAA
CUR BALANCE: $64,985,025
CUR COUPON: 7.01000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- --------
SCENARIO: SCN-1 SCN-145
101-04 6.72 6.68
101-05 6.71 6.67
101-06 6.70 6.66
101-07 6.69 6.64
101-08 6.68 6.63
101-09 6.67 6.62
101-10 6.66 6.61
101-11 6.65 6.60
101-12 6.64 6.59
101-13 6.63 6.58
101-14 6.62 6.56
101-15 6.61 6.55
* 101-16 6.60 6.54
101-17 6.59 6.53
101-18 6.58 6.52
101-19 6.57 6.51
101-20 6.56 6.49
101-21 6.55 6.48
101-22 6.54 6.47
101-23 6.53 6.46
101-24 6.51 6.45
101-25 6.50 6.44
101-26 6.49 6.43
101-27 6.48 6.41
101-28 6.47 6.40
WAL: 3.54 3.12
WINDOW 6.42 4.67
BEGIN: 19961113 19961113
END: 20030313 20010613
MOD DUR: 2.97 2.68
CONVEX: 0.13 0.10
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
145 7.00% annual default rate after 36.00 months (19991011.00).
Servicer Advances.
Cumulative Loss 10.91%. Cumulative Default 36.36%.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1B AAA
CUR BALANCE: $154,000,000
CUR COUPON: 7.21000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- --------
SCENARIO: SCN-1 SCN-145
101-04 7.10 7.08
<PAGE>
101-05 7.10 7.07
101-06 7.09 7.06
101-07 7.09 7.06
101-08 7.08 7.05
101-09 7.08 7.04
101-10 7.07 7.04
101-11 7.06 7.03
101-12 7.06 7.02
101-13 7.05 7.02
101-14 7.05 7.01
101-15 7.04 7.00
* 101-16 7.04 7.00
101-17 7.03 6.99
101-18 7.02 6.99
101-19 7.02 6.98
101-20 7.01 6.97
101-21 7.01 6.97
101-22 7.00 6.96
101-23 7.00 6.95
101-24 6.99 6.95
101-25 6.98 6.94
101-26 6.98 6.93
101-27 6.97 6.93
101-28 6.97 6.92
WAL: 7.11 6.08
WINDOW 3.08 2.42
BEGIN: 20030313 20010613
END: 20060313 20031013
MOD DUR: 5.40 4.77
CONVEX: 0.37 0.29
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
145 7.00% annual default rate after 36.00 months (19991011.00).
Servicer Advances.
Cumulative Loss 10.91%. Cumulative Default 36.36%.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1C AAA
CUR BALANCE: $321,000,000
CUR COUPON: 7.40000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- --------
SCENARIO: SCN-1 SCN-145
101-04 7.35 7.33
101-05 7.34 7.33
101-06 7.34 7.32
101-07 7.33 7.32
101-08 7.33 7.31
101-09 7.33 7.31
101-10 7.32 7.30
101-11 7.32 7.30
101-12 7.31 7.30
101-13 7.31 7.29
101-14 7.30 7.29
101-15 7.30 7.28
* 101-16 7.29 7.28
<PAGE>
101-17 7.29 7.27
101-18 7.29 7.27
101-19 7.28 7.26
101-20 7.28 7.26
101-21 7.27 7.25
101-22 7.27 7.25
101-23 7.26 7.24
101-24 7.26 7.24
101-25 7.25 7.23
101-26 7.25 7.23
101-27 7.25 7.22
101-28 7.24 7.22
WAL: 10.21 9.10
WINDOW 4.17 4.75
BEGIN: 20060313 20031013
END: 20100413 20080613
MOD DUR: 6.96 6.41
CONVEX: 0.64 0.54
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
145 7.00% annual default rate after 36.00 months (19991011.00).
Servicer Advances.
Cumulative Loss 10.91%. Cumulative Default 36.36%.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1D AAA/AA
CUR BALANCE: $19,564,674
CUR COUPON: 7.47000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- --------
SCENARIO: SCN-1 SCN-145
101-04 7.45 7.44
101-05 7.45 7.43
101-06 7.44 7.43
101-07 7.44 7.43
101-08 7.44 7.42
101-09 7.43 7.42
101-10 7.43 7.41
101-11 7.42 7.41
101-12 7.42 7.41
101-13 7.42 7.40
101-14 7.41 7.40
101-15 7.41 7.39
* 101-16 7.41 7.39
101-17 7.40 7.39
101-18 7.40 7.38
101-19 7.40 7.38
101-20 7.39 7.37
101-21 7.39 7.37
101-22 7.38 7.37
101-23 7.38 7.36
101-24 7.38 7.36
101-25 7.37 7.35
101-26 7.37 7.35
101-27 7.37 7.35
101-28 7.36 7.34
<PAGE>
WAL: 14.08 12.17
WINDOW 1.08 0.92
BEGIN: 20100413 20080613
END: 20110413 20090413
MOD DUR: 8.48 7.78
CONVEX: 1.00 0.82
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
145 7.00% annual default rate after 36.00 months (19991011.00).
Servicer Advances.
Cumulative Loss 10.91%. Cumulative Default 36.36%.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
<PAGE>
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1A AAA
CUR BALANCE: $64,985,025
CUR COUPON: 7.01000
Spread over Spot Curve. (Adjusted to Bond Equivalent
at the point of Spot Curve equal to the Bond WAL.)
----------- --------
SCENARIO: SCN-1
101-04 51
101-05 50
101-06 49
101-07 48
101-08 47
101-09 46
101-10 45
101-11 44
101-12 43
101-13 42
101-14 41
101-15 40
* 101-16 39
101-17 38
101-18 37
101-19 36
101-20 34
101-21 33
101-22 32
101-23 31
101-24 30
101-25 29
101-26 28
101-27 27
101-28 26
WAL: 3.54
WINDOW 6.42
BEGIN: 19961113
END: 20030313
MOD DUR: 2.97
CONVEX: 0.13
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Coupon: 0.000 0.000 0.000 0.000 6.000 6.000 6.375 6.500 6.750
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-CS1 AAAIO
CUR BALANCE: $64,985,025
CUR COUPON: 2.11527
Spread over Spot Curve. (Adjusted to Bond Equivalent
at the point of Spot Curve equal to the Bond WAL.)
----------- --------
SCENARIO: SCN-1
6.081653 541
6.112903 515
6.144153 488
<PAGE>
6.175403 462
6.206653 436
6.237903 411
6.269153 385
6.300403 360
6.331653 335
6.362903 311
6.394153 286
6.425403 262
* 6.456653 238
6.487903 214
6.519153 190
6.550403 167
6.581653 143
6.612903 120
6.644153 97
6.675403 74
6.706653 52
6.737903 29
6.769153 7
6.800403 -15
6.831653 -37
WAL: 2.30
WINDOW 6.42
BEGIN: 19961113
END: 20030313
MOD DUR: 2.02
CONVEX: 0.07
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Coupon: 0.000 0.000 0.000 0.000 6.000 6.000 6.375 6.500 6.750
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1B AAA
CUR BALANCE: $154,000,000
CUR COUPON: 7.21000
Spread over Spot Curve. (Adjusted to Bond Equivalent
at the point of Spot Curve equal to the Bond WAL.)
----------- --------
SCENARIO: SCN-1
101-04 66
101-05 66
101-06 65
101-07 65
101-08 64
101-09 63
101-10 63
101-11 62
101-12 62
101-13 61
101-14 61
101-15 60
* 101-16 59
101-17 59
101-18 58
101-19 58
101-20 57
<PAGE>
101-21 57
101-22 56
101-23 55
101-24 55
101-25 54
101-26 54
101-27 53
101-28 53
WAL: 7.11
WINDOW 3.08
BEGIN: 20030313
END: 20060313
MOD DUR: 5.40
CONVEX: 0.37
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Coupon: 0.000 0.000 0.000 0.000 6.000 6.000 6.375 6.500 6.750
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1C AAA
CUR BALANCE: $321,000,000
CUR COUPON: 7.40000
Spread over Spot Curve. (Adjusted to Bond Equivalent
at the point of Spot Curve equal to the Bond WAL.)
----------- --------
SCENARIO: SCN-1
101-04 79
101-05 79
101-06 78
101-07 78
101-08 77
101-09 77
101-10 76
101-11 76
101-12 75
101-13 75
101-14 75
101-15 74
* 101-16 74
101-17 73
101-18 73
101-19 72
101-20 72
101-21 71
101-22 71
101-23 71
101-24 70
101-25 70
101-26 69
101-27 69
101-28 68
WAL: 10.21
WINDOW 4.17
BEGIN: 20060313
END: 20100413
MOD DUR: 6.96
CONVEX: 0.64
<PAGE>
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Coupon: 0.000 0.000 0.000 0.000 6.000 6.000 6.375 6.500 6.750
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-CS2 AAAIO
CUR BALANCE: $623,691,525
CUR COUPON: 1.71550
Spread over Spot Curve. (Adjusted to Bond Equivalent
at the point of Spot Curve equal to the Bond WAL.)
----------- --------
SCENARIO: SCN-1
11.608221 303
11.639471 297
11.670721 291
11.701971 285
11.733221 278
11.764471 272
11.795721 266
11.826971 260
11.858221 254
11.889471 248
11.920721 242
11.951971 236
* 11.983221 230
12.014471 224
12.045721 218
12.076971 212
12.108221 206
12.139471 200
12.170721 194
12.201971 189
12.233221 183
12.264471 177
12.295721 171
12.326971 166
12.358221 160
WAL: 5.58
WINDOW 14.92
BEGIN: 19961113
END: 20110913
MOD DUR: 4.40
CONVEX: 0.31
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Coupon: 0.000 0.000 0.000 0.000 6.000 6.000 6.375 6.500 6.750
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1D AAA/AA
CUR BALANCE: $19,564,674
<PAGE>
CUR COUPON: 7.47000
Spread over Spot Curve. (Adjusted to Bond Equivalent
at the point of Spot Curve equal to the Bond WAL.)
----------- --------
SCENARIO: SCN-1
101-04 78
101-05 77
101-06 77
101-07 77
101-08 76
101-09 76
101-10 76
101-11 75
101-12 75
101-13 74
101-14 74
101-15 74
* 101-16 73
101-17 73
101-18 73
101-19 72
101-20 72
101-21 72
101-22 71
101-23 71
101-24 70
101-25 70
101-26 70
101-27 69
101-28 69
WAL: 14.08
WINDOW 1.08
BEGIN: 20100413
END: 20110413
MOD DUR: 8.48
CONVEX: 1.00
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Coupon: 0.000 0.000 0.000 0.000 6.000 6.000 6.375 6.500 6.750
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-2 AA
CUR BALANCE: $39,129,349
CUR COUPON: 7.42700
Spread over Spot Curve. (Adjusted to Bond Equivalent
at the point of Spot Curve equal to the Bond WAL.)
----------- --------
SCENARIO: SCN-1
101-04 88
101-05 87
101-06 87
101-07 86
101-08 86
101-09 86
101-10 85
101-11 85
101-12 85
<PAGE>
101-13 84
101-14 84
101-15 84
* 101-16 83
101-17 83
101-18 83
101-19 82
101-20 82
101-21 81
101-22 81
101-23 81
101-24 80
101-25 80
101-26 80
101-27 79
101-28 79
WAL: 14.59
WINDOW 0.25
BEGIN: 20110413
END: 20110613
MOD DUR: 8.63
CONVEX: 1.04
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Coupon: 0.000 0.000 0.000 0.000 6.000 6.000 6.375 6.500 6.750
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-3 A
CUR BALANCE: $35,216,414
CUR COUPON: 7.52600
Spread over Spot Curve. (Adjusted to Bond Equivalent
at the point of Spot Curve equal to the Bond WAL.)
----------- --------
SCENARIO: SCN-1
101-04 98
101-05 97
101-06 97
101-07 97
101-08 96
101-09 96
101-10 95
101-11 95
101-12 95
101-13 94
101-14 94
101-15 94
* 101-16 93
101-17 93
101-18 93
101-19 92
101-20 92
101-21 92
101-22 91
101-23 91
101-24 90
101-25 90
101-26 90
<PAGE>
101-27 89
101-28 89
WAL: 14.73
WINDOW 0.33
BEGIN: 20110613
END: 20110913
MOD DUR: 8.62
CONVEX: 1.04
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Coupon: 0.000 0.000 0.000 0.000 6.000 6.000 6.375 6.500 6.750
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-4 BBB
CUR BALANCE: $39,129,349
CUR COUPON: 7.82200
Spread over Spot Curve. (Adjusted to Bond Equivalent
at the point of Spot Curve equal to the Bond WAL.)
----------- --------
SCENARIO: SCN-1
101-04 128
101-05 128
101-06 127
101-07 127
101-08 127
101-09 126
101-10 126
101-11 126
101-12 125
101-13 125
101-14 125
101-15 124
* 101-16 124
101-17 123
101-18 123
101-19 123
101-20 122
101-21 122
101-22 122
101-23 121
101-24 121
101-25 121
101-26 120
101-27 120
101-28 119
WAL: 14.89
WINDOW 0.08
BEGIN: 20110913
END: 20110913
MOD DUR: 8.51
CONVEX: 1.03
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Coupon: 0.000 0.000 0.000 0.000 6.000 6.000 6.375 6.500 6.750
<PAGE>
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-5 BBB-
CUR BALANCE: $15,651,739
CUR COUPON: 8.16500
Spread over Spot Curve. (Adjusted to Bond Equivalent
at the point of Spot Curve equal to the Bond WAL.)
----------- --------
SCENARIO: SCN-1
101-04 164
101-05 163
101-06 163
101-07 163
101-08 162
101-09 162
101-10 162
101-11 161
101-12 161
101-13 160
101-14 160
101-15 160
* 101-16 159
101-17 159
101-18 159
101-19 158
101-20 158
101-21 158
101-22 157
101-23 157
101-24 156
101-25 156
101-26 156
101-27 155
101-28 155
WAL: 14.89
WINDOW 0.08
BEGIN: 20110913
END: 20110913
MOD DUR: 8.33
CONVEX: 1.00
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Coupon: 0.000 0.000 0.000 0.000 6.000 6.000 6.375 6.500 6.750
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-1 BB
CUR BALANCE: $43,042,284
CUR COUPON: 9.12527
Spread over Spot Curve. (Adjusted to Bond Equivalent
at the point of Spot Curve equal to the Bond WAL.)
----------- --------
SCENARIO: SCN-1
87-22+ 454
<PAGE>
87-23+ 453
87-24+ 453
87-25+ 452
87-26+ 452
87-27+ 451
87-28+ 451
87-29+ 450
87-30+ 450
87-31+ 449
88-00+ 449
88-01+ 448
* 88-02+ 448
88-03+ 448
88-04+ 447
88-05+ 447
88-06+ 446
88-07+ 446
88-08+ 445
88-09+ 445
88-10+ 444
88-11+ 444
88-12+ 443
88-13+ 443
88-14+ 442
WAL: 14.94
WINDOW 0.17
BEGIN: 20110913
END: 20111013
MOD DUR: 7.31
CONVEX: 0.82
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Coupon: 0.000 0.000 0.000 0.000 6.000 6.000 6.375 6.500 6.750
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-2 B
CUR BALANCE: $27,390,544
CUR COUPON: 9.12527
Spread over Spot Curve. (Adjusted to Bond Equivalent
at the point of Spot Curve equal to the Bond WAL.)
----------- --------
SCENARIO: SCN-1
74-12+ 683
74-13+ 683
74-14+ 682
74-15+ 682
74-16+ 681
74-17+ 680
74-18+ 680
74-19+ 679
74-20+ 678
74-21+ 678
74-22+ 677
74-23+ 677
* 74-24+ 676
74-25+ 675
74-26+ 675
<PAGE>
74-27+ 674
74-28+ 673
74-29+ 673
74-30+ 672
74-31+ 672
75-00+ 671
75-01+ 670
75-02+ 670
75-03+ 669
75-04+ 668
WAL: 15.71
WINDOW 1.50
BEGIN: 20111013
END: 20130313
MOD DUR: 6.77
CONVEX: 0.75
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Coupon: 0.000 0.000 0.000 0.000 6.000 6.000 6.375 6.500 6.750
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-3 B-
CUR BALANCE: $7,825,869
CUR COUPON: 9.12527
Spread over Spot Curve. (Adjusted to Bond Equivalent
at the point of Spot Curve equal to the Bond WAL.)
----------- --------
SCENARIO: SCN-1
63-27 914
63-28 913
63-29 912
63-30 912
63-31 911
64-00 910
64-01 909
64-02 908
64-03 908
64-04 907
64-05 906
64-06 905
* 64-07 904
64-08 904
64-09 903
64-10 902
64-11 901
64-12 900
64-13 900
64-14 899
64-15 898
64-16 897
64-17 896
64-18 896
64-19 895
WAL: 16.39
WINDOW 0.08
BEGIN: 20130313
END: 20130313
<PAGE>
MOD DUR: 6.18
CONVEX: 0.66
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Coupon: 0.000 0.000 0.000 0.000 6.000 6.000 6.375 6.500 6.750
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-4 UR
CUR BALANCE: $15,650,746
CUR COUPON: 9.12527
Spread over Spot Curve. (Adjusted to Bond Equivalent
at the point of Spot Curve equal to the Bond WAL.)
----------- --------
SCENARIO: SCN-1
39-04+ 1881
39-05+ 1879
39-06+ 1877
39-07+ 1875
39-08+ 1873
39-09+ 1871
39-10+ 1869
39-11+ 1867
39-12+ 1865
39-13+ 1863
39-14+ 1861
39-15+ 1859
* 39-16+ 1857
39-17+ 1855
39-18+ 1853
39-19+ 1851
39-20+ 1849
39-21+ 1847
39-22+ 1845
39-23+ 1843
39-24+ 1841
39-25+ 1839
39-26+ 1837
39-27+ 1835
39-28+ 1833
WAL: 18.70
WINDOW 8.25
BEGIN: 20130313
END: 20210513
MOD DUR: 4.03
CONVEX: 0.33
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Coupon: 0.000 0.000 0.000 0.000 6.000 6.000 6.375 6.500 6.750
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
<PAGE>
ACT. DELAY: 2
CLASS: B-4H UR H
CUR BALANCE: $1,001
CUR COUPON: 9.12527
Spread over Spot Curve. (Adjusted to Bond Equivalent
at the point of Spot Curve equal to the Bond WAL.)
----------- --------
SCENARIO: SCN-1
39-04+ 1881
39-05+ 1879
39-06+ 1877
39-07+ 1875
39-08+ 1873
39-09+ 1871
39-10+ 1869
39-11+ 1867
39-12+ 1865
39-13+ 1863
39-14+ 1861
39-15+ 1859
* 39-16+ 1857
39-17+ 1855
39-18+ 1853
39-19+ 1851
39-20+ 1849
39-21+ 1847
39-22+ 1845
39-23+ 1843
39-24+ 1841
39-25+ 1839
39-26+ 1837
39-27+ 1835
39-28+ 1833
WAL: 18.70
WINDOW 8.25
BEGIN: 20130313
END: 20210513
MOD DUR: 4.03
CONVEX: 0.33
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Coupon: 0.000 0.000 0.000 0.000 6.000 6.000 6.375 6.500 6.750
Analysis Provided by Zapp, Version 3.4
<PAGE>
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1A AAA
CUR BALANCE: $64,985,025
CUR COUPON: 7.01000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- --------
SCENARIO: SCN-1 SCN-31 SCN-32
101-04 6.72 6.72 6.72
101-05 6.71 6.71 6.71
101-06 6.70 6.70 6.70
101-07 6.69 6.69 6.69
101-08 6.68 6.68 6.68
101-09 6.67 6.67 6.67
101-10 6.66 6.66 6.66
101-11 6.65 6.65 6.65
101-12 6.64 6.64 6.64
101-13 6.63 6.63 6.63
101-14 6.62 6.62 6.62
101-15 6.61 6.61 6.61
* 101-16 6.60 6.60 6.60
101-17 6.59 6.59 6.59
101-18 6.58 6.58 6.58
101-19 6.57 6.57 6.57
101-20 6.56 6.56 6.56
101-21 6.55 6.55 6.55
101-22 6.54 6.54 6.54
101-23 6.53 6.53 6.53
101-24 6.51 6.51 6.51
101-25 6.50 6.50 6.50
101-26 6.49 6.49 6.49
101-27 6.48 6.48 6.48
101-28 6.47 6.47 6.47
WAL: 3.54 3.54 3.54
WINDOW 6.42 6.42 6.42
BEGIN: 19961113 19961113 19961113
END: 20030313 20030313 20030313
MOD DUR: 2.97 2.97 2.97
CONVEX: 0.13 0.13 0.13
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
31 Every 10th Loan (15% of Cut-Off Balance,10% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
32 Every 5th Loan (24% of Cut-Off Balance,18% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-CS1 AAAIO
CUR BALANCE: $64,985,025
CUR COUPON: 2.11527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- --------
SCENARIO: SCN-1 SCN-31 SCN-32
6.081653 11.47 11.47 11.47
<PAGE>
6.112903 11.21 11.21 11.21
6.144153 10.94 10.94 10.94
6.175403 10.68 10.68 10.68
6.206653 10.43 10.43 10.43
6.237903 10.17 10.17 10.17
6.269153 9.92 9.92 9.92
6.300403 9.67 9.67 9.67
6.331653 9.42 9.42 9.42
6.362903 9.17 9.17 9.17
6.394153 8.93 8.93 8.93
6.425403 8.68 8.68 8.68
* 6.456653 8.44 8.44 8.44
6.487903 8.21 8.21 8.21
6.519153 7.97 7.97 7.97
6.550403 7.73 7.73 7.73
6.581653 7.50 7.50 7.50
6.612903 7.27 7.27 7.27
6.644153 7.04 7.04 7.04
6.675403 6.82 6.82 6.82
6.706653 6.59 6.59 6.59
6.737903 6.37 6.37 6.37
6.769153 6.15 6.15 6.15
6.800403 5.93 5.93 5.93
6.831653 5.71 5.71 5.71
WAL: 2.30 2.30 2.30
WINDOW 6.42 6.42 6.42
BEGIN: 19961113 19961113 19961113
END: 20030313 20030313 20030313
MOD DUR: 2.02 2.02 2.02
CONVEX: 0.07 0.07 0.07
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
31 Every 10th Loan (15% of Cut-Off Balance,10% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
32 Every 5th Loan (24% of Cut-Off Balance,18% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1B AAA
CUR BALANCE: $154,000,000
CUR COUPON: 7.21000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- --------
SCENARIO: SCN-1 SCN-31 SCN-32
101-04 7.10 7.10 7.11
101-05 7.10 7.10 7.10
101-06 7.09 7.09 7.10
101-07 7.09 7.09 7.09
101-08 7.08 7.08 7.08
101-09 7.08 7.08 7.08
101-10 7.07 7.07 7.07
101-11 7.06 7.07 7.07
101-12 7.06 7.06 7.06
101-13 7.05 7.05 7.06
101-14 7.05 7.05 7.05
101-15 7.04 7.04 7.04
* 101-16 7.04 7.04 7.04
<PAGE>
101-17 7.03 7.03 7.03
101-18 7.02 7.03 7.03
101-19 7.02 7.02 7.02
101-20 7.01 7.01 7.02
101-21 7.01 7.01 7.01
101-22 7.00 7.00 7.01
101-23 7.00 7.00 7.00
101-24 6.99 6.99 6.99
101-25 6.98 6.99 6.99
101-26 6.98 6.98 6.98
101-27 6.97 6.97 6.98
101-28 6.97 6.97 6.97
WAL: 7.11 7.14 7.23
WINDOW 3.08 3.08 3.08
BEGIN: 20030313 20030313 20030313
END: 20060313 20060313 20060313
MOD DUR: 5.40 5.42 5.47
CONVEX: 0.37 0.37 0.38
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
31 Every 10th Loan (15% of Cut-Off Balance,10% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
32 Every 5th Loan (24% of Cut-Off Balance,18% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1C AAA
CUR BALANCE: $321,000,000
CUR COUPON: 7.40000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- --------
SCENARIO: SCN-1 SCN-31 SCN-32
101-04 7.35 7.35 7.36
101-05 7.34 7.35 7.35
101-06 7.34 7.34 7.35
101-07 7.33 7.34 7.34
101-08 7.33 7.33 7.34
101-09 7.33 7.33 7.34
101-10 7.32 7.33 7.33
101-11 7.32 7.32 7.33
101-12 7.31 7.32 7.32
101-13 7.31 7.31 7.32
101-14 7.30 7.31 7.31
101-15 7.30 7.30 7.31
* 101-16 7.29 7.30 7.31
101-17 7.29 7.29 7.30
101-18 7.29 7.29 7.30
101-19 7.28 7.29 7.29
101-20 7.28 7.28 7.29
101-21 7.27 7.28 7.28
101-22 7.27 7.27 7.28
101-23 7.26 7.27 7.28
101-24 7.26 7.26 7.27
101-25 7.25 7.26 7.27
101-26 7.25 7.26 7.26
101-27 7.25 7.25 7.26
101-28 7.24 7.25 7.26
<PAGE>
WAL: 10.21 10.55 11.11
WINDOW 4.17 5.08 5.33
BEGIN: 20060313 20060313 20060313
END: 20100413 20110313 20110613
MOD DUR: 6.96 7.10 7.33
CONVEX: 0.64 0.67 0.72
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
31 Every 10th Loan (15% of Cut-Off Balance,10% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
32 Every 5th Loan (24% of Cut-Off Balance,18% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-CS2 AAAIO
CUR BALANCE: $623,691,525
CUR COUPON: 1.71550
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- --------
SCENARIO: SCN-1 SCN-31 SCN-32
11.608221 9.44 9.73 10.13
11.639471 9.38 9.66 10.07
11.670721 9.32 9.60 10.01
11.701971 9.25 9.54 9.95
11.733221 9.19 9.48 9.89
11.764471 9.13 9.42 9.83
11.795721 9.07 9.36 9.78
11.826971 9.01 9.30 9.72
11.858221 8.95 9.24 9.66
11.889471 8.89 9.18 9.60
11.920721 8.83 9.12 9.54
11.951971 8.77 9.06 9.48
* 11.983221 8.71 9.00 9.43
12.014471 8.65 8.95 9.37
12.045721 8.59 8.89 9.31
12.076971 8.53 8.83 9.25
12.108221 8.47 8.77 9.20
12.139471 8.42 8.71 9.14
12.170721 8.36 8.66 9.08
12.201971 8.30 8.60 9.03
12.233221 8.24 8.54 8.97
12.264471 8.19 8.49 8.92
12.295721 8.13 8.43 8.86
12.326971 8.07 8.37 8.81
12.358221 8.02 8.32 8.75
WAL: 5.58 5.73 5.96
WINDOW 14.92 16.00 16.42
BEGIN: 19961113 19961113 19961113
END: 20110913 20121013 20130313
MOD DUR: 4.40 4.45 4.53
CONVEX: 0.31 0.32 0.33
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
31 Every 10th Loan (15% of Cut-Off Balance,10% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
32 Every 5th Loan (24% of Cut-Off Balance,18% of Loans) extend with
cashtrap. Constant NOI. Treasury yield
<PAGE>
curve shifts 0 bp. Others prepay by Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1D AAA/AA
CUR BALANCE: $19,564,674
CUR COUPON: 7.47000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- --------
SCENARIO: SCN-1 SCN-31 SCN-32
101-04 7.45 7.45 7.45
101-05 7.45 7.45 7.45
101-06 7.44 7.45 7.45
101-07 7.44 7.44 7.44
101-08 7.44 7.44 7.44
101-09 7.43 7.43 7.44
101-10 7.43 7.43 7.43
101-11 7.42 7.43 7.43
101-12 7.42 7.42 7.42
101-13 7.42 7.42 7.42
101-14 7.41 7.42 7.42
101-15 7.41 7.41 7.41
* 101-16 7.41 7.41 7.41
101-17 7.40 7.41 7.41
101-18 7.40 7.40 7.40
101-19 7.40 7.40 7.40
101-20 7.39 7.40 7.40
101-21 7.39 7.39 7.39
101-22 7.38 7.39 7.39
101-23 7.38 7.38 7.39
101-24 7.38 7.38 7.38
101-25 7.37 7.38 7.38
101-26 7.37 7.37 7.37
101-27 7.37 7.37 7.37
101-28 7.36 7.37 7.37
WAL: 14.08 14.53 14.64
WINDOW 1.08 0.25 0.08
BEGIN: 20100413 20110313 20110613
END: 20110413 20110513 20110613
MOD DUR: 8.48 8.63 8.67
CONVEX: 1.00 1.04 1.05
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
31 Every 10th Loan (15% of Cut-Off Balance,10% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
32 Every 5th Loan (24% of Cut-Off Balance,18% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-2 AA
<PAGE>
CUR BALANCE: $39,129,349
CUR COUPON: 7.42700
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- --------
SCENARIO: SCN-1 SCN-31 SCN-32
101-04 7.56 7.56 7.55
101-05 7.55 7.56 7.54
101-06 7.55 7.55 7.54
101-07 7.55 7.55 7.54
101-08 7.54 7.55 7.53
101-09 7.54 7.54 7.53
101-10 7.54 7.54 7.53
101-11 7.53 7.54 7.52
101-12 7.53 7.53 7.52
101-13 7.53 7.53 7.52
101-14 7.52 7.52 7.51
101-15 7.52 7.52 7.51
* 101-16 7.51 7.52 7.51
101-17 7.51 7.51 7.50
101-18 7.51 7.51 7.50
101-19 7.50 7.51 7.49
101-20 7.50 7.50 7.49
101-21 7.50 7.50 7.49
101-22 7.49 7.50 7.48
101-23 7.49 7.49 7.48
101-24 7.49 7.49 7.48
101-25 7.48 7.49 7.47
101-26 7.48 7.48 7.47
101-27 7.48 7.48 7.47
101-28 7.47 7.48 7.46
WAL: 14.59 14.65 14.80
WINDOW 0.25 0.25 0.33
BEGIN: 20110413 20110513 20110613
END: 20110613 20110713 20110913
MOD DUR: 8.63 8.65 8.70
CONVEX: 1.04 1.04 1.06
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
31 Every 10th Loan (15% of Cut-Off Balance,10% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
32 Every 5th Loan (24% of Cut-Off Balance,18% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-3 A
CUR BALANCE: $35,216,414
CUR COUPON: 7.52600
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- --------
SCENARIO: SCN-1 SCN-31 SCN-32
101-04 7.66 7.66 7.65
101-05 7.66 7.66 7.65
101-06 7.65 7.66 7.64
101-07 7.65 7.65 7.64
101-08 7.65 7.65 7.64
101-09 7.64 7.65 7.63
<PAGE>
101-10 7.64 7.64 7.63
101-11 7.63 7.64 7.63
101-12 7.63 7.63 7.62
101-13 7.63 7.63 7.62
101-14 7.62 7.63 7.61
101-15 7.62 7.62 7.61
* 101-16 7.62 7.62 7.61
101-17 7.61 7.62 7.60
101-18 7.61 7.61 7.60
101-19 7.61 7.61 7.60
101-20 7.60 7.61 7.59
101-21 7.60 7.60 7.59
101-22 7.60 7.60 7.59
101-23 7.59 7.60 7.58
101-24 7.59 7.59 7.58
101-25 7.58 7.59 7.58
101-26 7.58 7.59 7.57
101-27 7.58 7.58 7.57
101-28 7.57 7.58 7.56
WAL: 14.73 14.85 14.96
WINDOW 0.33 0.25 0.17
BEGIN: 20110613 20110713 20110913
END: 20110913 20110913 20111013
MOD DUR: 8.62 8.66 8.69
CONVEX: 1.04 1.05 1.06
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
31 Every 10th Loan (15% of Cut-Off Balance,10% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
32 Every 5th Loan (24% of Cut-Off Balance,18% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-4 BBB
CUR BALANCE: $39,129,349
CUR COUPON: 7.82200
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- --------
SCENARIO: SCN-1 SCN-31 SCN-32
101-04 7.96 7.97 7.95
101-05 7.96 7.96 7.95
101-06 7.96 7.96 7.95
101-07 7.95 7.95 7.94
101-08 7.95 7.95 7.94
101-09 7.94 7.95 7.94
101-10 7.94 7.94 7.93
101-11 7.94 7.94 7.93
101-12 7.93 7.94 7.93
101-13 7.93 7.93 7.92
101-14 7.93 7.93 7.92
101-15 7.92 7.93 7.92
* 101-16 7.92 7.92 7.91
101-17 7.92 7.92 7.91
101-18 7.91 7.91 7.90
101-19 7.91 7.91 7.90
101-20 7.90 7.91 7.90
101-21 7.90 7.90 7.89
<PAGE>
101-22 7.90 7.90 7.89
101-23 7.89 7.90 7.89
101-24 7.89 7.89 7.88
101-25 7.89 7.89 7.88
101-26 7.88 7.89 7.88
101-27 7.88 7.88 7.87
101-28 7.88 7.88 7.87
WAL: 14.89 14.97 15.62
WINDOW 0.08 0.25 1.50
BEGIN: 20110913 20110913 20111013
END: 20110913 20111113 20130313
MOD DUR: 8.51 8.53 8.72
CONVEX: 1.03 1.03 1.09
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
31 Every 10th Loan (15% of Cut-Off Balance,10% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
32 Every 5th Loan (24% of Cut-Off Balance,18% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-5 BBB-
CUR BALANCE: $15,651,739
CUR COUPON: 8.16500
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- --------
SCENARIO: SCN-1 SCN-31 SCN-32
101-04 8.31 8.32 8.31
101-05 8.31 8.31 8.30
101-06 8.31 8.31 8.30
101-07 8.30 8.31 8.30
101-08 8.30 8.30 8.29
101-09 8.29 8.30 8.29
101-10 8.29 8.30 8.28
101-11 8.29 8.29 8.28
101-12 8.28 8.29 8.28
101-13 8.28 8.28 8.27
101-14 8.28 8.28 8.27
101-15 8.27 8.28 8.27
* 101-16 8.27 8.27 8.26
101-17 8.26 8.27 8.26
101-18 8.26 8.27 8.26
101-19 8.26 8.26 8.25
101-20 8.25 8.26 8.25
101-21 8.25 8.26 8.25
101-22 8.25 8.25 8.24
101-23 8.24 8.25 8.24
101-24 8.24 8.25 8.24
101-25 8.24 8.24 8.23
101-26 8.23 8.24 8.23
101-27 8.23 8.23 8.23
101-28 8.22 8.23 8.22
WAL: 14.89 15.54 16.39
WINDOW 0.08 1.00 0.08
BEGIN: 20110913 20111113 20130313
END: 20110913 20121013 20130313
MOD DUR: 8.33 8.51 8.73
<PAGE>
CONVEX: 1.00 1.05 1.12
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
31 Every 10th Loan (15% of Cut-Off Balance,10% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
32 Every 5th Loan (24% of Cut-Off Balance,18% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-1 BB
CUR BALANCE: $43,042,284
CUR COUPON: 9.12527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- --------
SCENARIO: SCN-1 SCN-31 SCN-32
87-22+ 11.18 11.10 11.07
87-23+ 11.17 11.10 11.06
87-24+ 11.17 11.10 11.06
87-25+ 11.16 11.09 11.05
87-26+ 11.16 11.09 11.05
87-27+ 11.15 11.08 11.04
87-28+ 11.15 11.08 11.04
87-29+ 11.14 11.07 11.03
87-30+ 11.14 11.07 11.03
87-31+ 11.13 11.06 11.02
88-00+ 11.13 11.06 11.02
88-01+ 11.12 11.05 11.02
* 88-02+ 11.12 11.05 11.01
88-03+ 11.11 11.04 11.01
88-04+ 11.11 11.04 11.00
88-05+ 11.10 11.03 11.00
88-06+ 11.10 11.03 10.99
88-07+ 11.09 11.03 10.99
88-08+ 11.09 11.02 10.98
88-09+ 11.09 11.02 10.98
88-10+ 11.08 11.01 10.97
88-11+ 11.08 11.01 10.97
88-12+ 11.07 11.00 10.97
88-13+ 11.07 11.00 10.96
88-14+ 11.06 10.99 10.96
WAL: 14.94 16.59 17.31
WINDOW 0.17 1.67 2.00
BEGIN: 20110913 20121013 20130313
END: 20111013 20140513 20150213
MOD DUR: 7.31 7.62 7.74
CONVEX: 0.82 0.92 0.95
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
31 Every 10th Loan (15% of Cut-Off Balance,10% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
32 Every 5th Loan (24% of Cut-Off Balance,18% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
<PAGE>
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-2 B
CUR BALANCE: $27,390,544
CUR COUPON: 9.12527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- --------
SCENARIO: SCN-1 SCN-31 SCN-32
74-12+ 13.46 13.25 13.20
74-13+ 13.45 13.24 13.20
74-14+ 13.44 13.23 13.19
74-15+ 13.44 13.23 13.18
74-16+ 13.43 13.22 13.18
74-17+ 13.42 13.22 13.17
74-18+ 13.42 13.21 13.17
74-19+ 13.41 13.20 13.16
74-20+ 13.41 13.20 13.16
74-21+ 13.40 13.19 13.15
74-22+ 13.39 13.19 13.14
74-23+ 13.39 13.18 13.14
* 74-24+ 13.38 13.17 13.13
74-25+ 13.37 13.17 13.13
74-26+ 13.37 13.16 13.12
74-27+ 13.36 13.16 13.11
74-28+ 13.36 13.15 13.11
74-29+ 13.35 13.15 13.10
74-30+ 13.34 13.14 13.10
74-31+ 13.34 13.13 13.09
75-00+ 13.33 13.13 13.09
75-01+ 13.33 13.12 13.08
75-02+ 13.32 13.12 13.07
75-03+ 13.31 13.11 13.07
75-04+ 13.31 13.10 13.06
WAL: 15.71 18.45 18.91
WINDOW 1.50 1.75 1.25
BEGIN: 20111013 20140513 20150213
END: 20130313 20160113 20160413
MOD DUR: 6.77 7.10 7.14
CONVEX: 0.75 0.86 0.87
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
31 Every 10th Loan (15% of Cut-Off Balance,10% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
32 Every 5th Loan (24% of Cut-Off Balance,18% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-3 B-
CUR BALANCE: $7,825,869
CUR COUPON: 9.12527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- --------
SCENARIO: SCN-1 SCN-31 SCN-32
<PAGE>
63-27 15.74 15.45 15.42
63-28 15.73 15.44 15.42
63-29 15.72 15.43 15.41
63-30 15.71 15.43 15.40
63-31 15.70 15.42 15.39
64-00 15.70 15.41 15.39
64-01 15.69 15.40 15.38
64-02 15.68 15.40 15.37
64-03 15.67 15.39 15.36
64-04 15.67 15.38 15.36
64-05 15.66 15.37 15.35
64-06 15.65 15.37 15.34
* 64-07 15.64 15.36 15.33
64-08 15.63 15.35 15.33
64-09 15.63 15.34 15.32
64-10 15.62 15.34 15.31
64-11 15.61 15.33 15.30
64-12 15.60 15.32 15.29
64-13 15.59 15.31 15.29
64-14 15.59 15.31 15.28
64-15 15.58 15.30 15.27
64-16 15.57 15.29 15.26
64-17 15.56 15.28 15.26
64-18 15.56 15.27 15.25
64-19 15.55 15.27 15.24
WAL: 16.39 19.44 19.58
WINDOW 0.08 0.50 0.33
BEGIN: 20130313 20160113 20160413
END: 20130313 20160613 20160713
MOD DUR: 6.18 6.39 6.40
CONVEX: 0.66 0.74 0.74
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
31 Every 10th Loan (15% of Cut-Off Balance,10% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
32 Every 5th Loan (24% of Cut-Off Balance,18% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-4 UR
CUR BALANCE: $15,650,746
CUR COUPON: 9.12527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- --------
SCENARIO: SCN-1 SCN-31 SCN-32
39-04+ 25.24 25.09 25.06
39-05+ 25.22 25.07 25.04
39-06+ 25.20 25.05 25.02
39-07+ 25.18 25.03 25.00
39-08+ 25.16 25.01 24.98
39-09+ 25.14 24.99 24.96
39-10+ 25.12 24.97 24.94
39-11+ 25.10 24.95 24.92
39-12+ 25.08 24.93 24.90
39-13+ 25.06 24.91 24.88
39-14+ 25.04 24.89 24.86
<PAGE>
39-15+ 25.02 24.87 24.84
* 39-16+ 25.00 24.85 24.82
39-17+ 24.98 24.83 24.81
39-18+ 24.96 24.81 24.79
39-19+ 24.94 24.79 24.77
39-20+ 24.93 24.77 24.75
39-21+ 24.91 24.75 24.73
39-22+ 24.89 24.73 24.71
39-23+ 24.87 24.71 24.69
39-24+ 24.85 24.69 24.67
39-25+ 24.83 24.67 24.65
39-26+ 24.81 24.65 24.63
39-27+ 24.79 24.63 24.61
39-28+ 24.77 24.61 24.59
WAL: 18.70 20.25 20.35
WINDOW 8.25 5.00 4.92
BEGIN: 20130313 20160613 20160713
END: 20210513 20210513 20210513
MOD DUR: 4.03 4.02 4.01
CONVEX: 0.33 0.34 0.34
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
31 Every 10th Loan (15% of Cut-Off Balance,10% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
32 Every 5th Loan (24% of Cut-Off Balance,18% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-4H UR H
CUR BALANCE: $1,001
CUR COUPON: 9.12527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- --------
SCENARIO: SCN-1 SCN-31 SCN-32
39-04+ 25.24 25.09 25.06
39-05+ 25.22 25.07 25.04
39-06+ 25.20 25.05 25.02
39-07+ 25.18 25.03 25.00
39-08+ 25.16 25.01 24.98
39-09+ 25.14 24.99 24.96
39-10+ 25.12 24.97 24.94
39-11+ 25.10 24.95 24.92
39-12+ 25.08 24.93 24.90
39-13+ 25.06 24.91 24.88
39-14+ 25.04 24.89 24.86
39-15+ 25.02 24.87 24.84
* 39-16+ 25.00 24.85 24.82
39-17+ 24.98 24.83 24.81
39-18+ 24.96 24.81 24.79
39-19+ 24.94 24.79 24.77
39-20+ 24.93 24.77 24.75
39-21+ 24.91 24.75 24.73
39-22+ 24.89 24.73 24.71
39-23+ 24.87 24.71 24.69
39-24+ 24.85 24.69 24.67
39-25+ 24.83 24.67 24.65
39-26+ 24.81 24.65 24.63
<PAGE>
39-27+ 24.79 24.63 24.61
39-28+ 24.77 24.61 24.59
WAL: 18.70 20.25 20.35
WINDOW 8.25 5.00 4.92
BEGIN: 20130313 20160613 20160713
END: 20210513 20210513 20210513
MOD DUR: 4.03 4.02 4.01
CONVEX: 0.33 0.34 0.34
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
31 Every 10th Loan (15% of Cut-Off Balance,10% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
32 Every 5th Loan (24% of Cut-Off Balance,18% of Loans) extend with
cashtrap. Constant NOI. Treasury yield curve shifts 0 bp. Others prepay by
Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
<PAGE>
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1A AAA
CUR BALANCE: $64,985,025
CUR COUPON: 7.01000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-121 SCN-122 SCN-123
101-04 6.72 6.72 6.72 6.71
101-05 6.71 6.71 6.71 6.70
101-06 6.70 6.70 6.70 6.69
101-07 6.69 6.69 6.69 6.68
101-08 6.68 6.68 6.67 6.67
101-09 6.67 6.67 6.66 6.66
101-10 6.66 6.66 6.65 6.65
101-11 6.65 6.65 6.64 6.64
101-12 6.64 6.64 6.63 6.63
101-13 6.63 6.62 6.62 6.62
101-14 6.62 6.61 6.61 6.61
101-15 6.61 6.60 6.60 6.60
* 101-16 6.60 6.59 6.59 6.58
101-17 6.59 6.58 6.58 6.57
101-18 6.58 6.57 6.57 6.56
101-19 6.57 6.56 6.56 6.55
101-20 6.56 6.55 6.55 6.54
101-21 6.55 6.54 6.54 6.53
101-22 6.54 6.53 6.53 6.52
101-23 6.53 6.52 6.52 6.51
101-24 6.51 6.51 6.51 6.50
101-25 6.50 6.50 6.50 6.49
101-26 6.49 6.49 6.49 6.48
101-27 6.48 6.48 6.48 6.47
101-28 6.47 6.47 6.47 6.46
WAL: 3.54 3.51 3.48 3.43
WINDOW 6.42 6.25 6.08 5.67
BEGIN: 19961113 19961113 19961113 19961113
END: 20030313 20030113 20021113 20020613
MOD DUR: 2.97 2.95 2.94 2.90
CONVEX: 0.13 0.13 0.13 0.13
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
121 0.50% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 0.85%. Cumulative Default 2.82%.
122 1.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 1.66%. Cumulative Default 5.55%.
123 3.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 4.67%. Cumulative Default 15.57%.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-CS1 AAAIO
CUR BALANCE: $64,985,025
CUR COUPON: 2.11527
<PAGE>
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-121 SCN-122 SCN-123
6.081653 11.47 11.15 10.90 10.35
6.112903 11.21 10.88 10.64 10.08
6.144153 10.94 10.62 10.37 9.81
6.175403 10.68 10.36 10.11 9.54
6.206653 10.43 10.10 9.85 9.28
6.237903 10.17 9.84 9.59 9.02
6.269153 9.92 9.58 9.33 8.76
6.300403 9.67 9.33 9.08 8.50
6.331653 9.42 9.08 8.83 8.24
6.362903 9.17 8.83 8.58 7.99
6.394153 8.93 8.59 8.33 7.74
6.425403 8.68 8.34 8.08 7.49
* 6.456653 8.44 8.10 7.84 7.25
6.487903 8.21 7.86 7.60 7.00
6.519153 7.97 7.62 7.36 6.76
6.550403 7.73 7.38 7.12 6.52
6.581653 7.50 7.15 6.89 6.28
6.612903 7.27 6.92 6.65 6.04
6.644153 7.04 6.69 6.42 5.81
6.675403 6.82 6.46 6.19 5.58
6.706653 6.59 6.23 5.96 5.34
6.737903 6.37 6.01 5.74 5.12
6.769153 6.15 5.78 5.51 4.89
6.800403 5.93 5.56 5.29 4.66
6.831653 5.71 5.34 5.07 4.44
WAL: 2.30 2.26 2.24 2.19
WINDOW 6.42 6.25 6.08 5.67
BEGIN: 19961113 19961113 19961113 19961113
END: 20030313 20030113 20021113 20020613
MOD DUR: 2.02 2.01 2.00 1.97
CONVEX: 0.07 0.07 0.07 0.07
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
121 0.50% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 0.85%. Cumulative Default 2.82%.
122 1.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 1.66%. Cumulative Default 5.55%.
123 3.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 4.67%. Cumulative Default 15.57%.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1B AAA
CUR BALANCE: $154,000,000
CUR COUPON: 7.21000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-121 SCN-122 SCN-123
101-04 7.10 7.10 7.10 7.10
101-05 7.10 7.10 7.09 7.09
101-06 7.09 7.09 7.09 7.08
<PAGE>
101-07 7.09 7.08 7.08 7.08
101-08 7.08 7.08 7.08 7.07
101-09 7.08 7.07 7.07 7.07
101-10 7.07 7.07 7.07 7.06
101-11 7.06 7.06 7.06 7.05
101-12 7.06 7.06 7.05 7.05
101-13 7.05 7.05 7.05 7.04
101-14 7.05 7.04 7.04 7.04
101-15 7.04 7.04 7.04 7.03
* 101-16 7.04 7.03 7.03 7.02
101-17 7.03 7.03 7.02 7.02
101-18 7.02 7.02 7.02 7.01
101-19 7.02 7.02 7.01 7.01
101-20 7.01 7.01 7.01 7.00
101-21 7.01 7.00 7.00 6.99
101-22 7.00 7.00 7.00 6.99
101-23 7.00 6.99 6.99 6.98
101-24 6.99 6.99 6.98 6.98
101-25 6.98 6.98 6.98 6.97
101-26 6.98 6.98 6.97 6.96
101-27 6.97 6.97 6.97 6.96
101-28 6.97 6.96 6.96 6.95
WAL: 7.11 7.01 6.94 6.73
WINDOW 3.08 2.75 2.50 1.92
BEGIN: 20030313 20030113 20021113 20020613
END: 20060313 20050913 20050413 20040413
MOD DUR: 5.40 5.35 5.30 5.18
CONVEX: 0.37 0.36 0.35 0.34
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
121 0.50% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 0.85%. Cumulative Default 2.82%.
122 1.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 1.66%. Cumulative Default 5.55%.
123 3.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 4.67%. Cumulative Default 15.57%.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1C AAA
CUR BALANCE: $321,000,000
CUR COUPON: 7.40000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-121 SCN-122 SCN-123
101-04 7.35 7.35 7.35 7.34
101-05 7.34 7.34 7.34 7.34
101-06 7.34 7.34 7.34 7.33
101-07 7.33 7.33 7.33 7.33
101-08 7.33 7.33 7.33 7.33
101-09 7.33 7.32 7.32 7.32
101-10 7.32 7.32 7.32 7.32
101-11 7.32 7.32 7.32 7.31
101-12 7.31 7.31 7.31 7.31
101-13 7.31 7.31 7.31 7.30
<PAGE>
101-14 7.30 7.30 7.30 7.30
101-15 7.30 7.30 7.30 7.29
* 101-16 7.29 7.29 7.29 7.29
101-17 7.29 7.29 7.29 7.28
101-18 7.29 7.28 7.28 7.28
101-19 7.28 7.28 7.28 7.28
101-20 7.28 7.28 7.28 7.27
101-21 7.27 7.27 7.27 7.27
101-22 7.27 7.27 7.27 7.26
101-23 7.26 7.26 7.26 7.26
101-24 7.26 7.26 7.26 7.25
101-25 7.25 7.25 7.25 7.25
101-26 7.25 7.25 7.25 7.24
101-27 7.25 7.25 7.24 7.24
101-28 7.24 7.24 7.24 7.23
WAL: 10.21 10.16 10.09 9.82
WINDOW 4.17 4.33 4.50 5.08
BEGIN: 20060313 20050913 20050413 20040413
END: 20100413 20091213 20090913 20090413
MOD DUR: 6.96 6.93 6.90 6.77
CONVEX: 0.64 0.63 0.63 0.60
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
121 0.50% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 0.85%. Cumulative Default 2.82%.
122 1.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 1.66%. Cumulative Default 5.55%.
123 3.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 4.67%. Cumulative Default 15.57%.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-CS2 AAAIO
CUR BALANCE: $623,691,525
CUR COUPON: 1.71550
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-121 SCN-122 SCN-123
11.608221 9.44 9.34 9.24 8.84
11.639471 9.38 9.28 9.18 8.78
11.670721 9.32 9.22 9.11 8.72
11.701971 9.25 9.15 9.05 8.66
11.733221 9.19 9.09 8.99 8.59
11.764471 9.13 9.03 8.93 8.53
11.795721 9.07 8.97 8.87 8.47
11.826971 9.01 8.91 8.81 8.41
11.858221 8.95 8.85 8.75 8.35
11.889471 8.89 8.79 8.69 8.29
11.920721 8.83 8.73 8.63 8.22
11.951971 8.77 8.67 8.57 8.16
* 11.983221 8.71 8.61 8.51 8.10
12.014471 8.65 8.55 8.45 8.04
12.045721 8.59 8.49 8.39 7.98
12.076971 8.53 8.43 8.33 7.92
<PAGE>
12.108221 8.47 8.37 8.27 7.87
12.139471 8.42 8.31 8.21 7.81
12.170721 8.36 8.26 8.15 7.75
12.201971 8.30 8.20 8.09 7.69
12.233221 8.24 8.14 8.04 7.63
12.264471 8.19 8.08 7.98 7.57
12.295721 8.13 8.03 7.92 7.52
12.326971 8.07 7.97 7.86 7.46
12.358221 8.02 7.91 7.81 7.40
WAL: 5.58 5.55 5.51 5.40
WINDOW 14.92 14.92 14.92 14.92
BEGIN: 19961113 19961113 19961113 19961113
END: 20110913 20110913 20110913 20110913
MOD DUR: 4.40 4.39 4.38 4.34
CONVEX: 0.31 0.31 0.31 0.30
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
121 0.50% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 0.85%. Cumulative Default 2.82%.
122 1.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 1.66%. Cumulative Default 5.55%.
123 3.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months. Servicer Advances.
Cumulative Loss 4.67%. Cumulative Default 15.57%.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1D AAA/AA
CUR BALANCE: $19,564,674
CUR COUPON: 7.47000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-121 SCN-122 SCN-123
101-04 7.45 7.45 7.45 7.44
101-05 7.45 7.45 7.44 7.44
101-06 7.44 7.44 7.44 7.43
101-07 7.44 7.44 7.44 7.43
101-08 7.44 7.43 7.43 7.43
101-09 7.43 7.43 7.43 7.42
101-10 7.43 7.43 7.42 7.42
101-11 7.42 7.42 7.42 7.41
101-12 7.42 7.42 7.42 7.41
101-13 7.42 7.42 7.41 7.41
101-14 7.41 7.41 7.41 7.40
101-15 7.41 7.41 7.41 7.40
* 101-16 7.41 7.40 7.40 7.40
101-17 7.40 7.40 7.40 7.39
101-18 7.40 7.40 7.40 7.39
101-19 7.40 7.39 7.39 7.38
101-20 7.39 7.39 7.39 7.38
101-21 7.39 7.39 7.38 7.38
101-22 7.38 7.38 7.38 7.37
101-23 7.38 7.38 7.38 7.37
101-24 7.38 7.38 7.37 7.36
101-25 7.37 7.37 7.37 7.36
101-26 7.37 7.37 7.37 7.36
<PAGE>
101-27 7.37 7.36 7.36 7.35
101-28 7.36 7.36 7.36 7.35
WAL: 14.08 13.85 13.59 12.74
WINDOW 1.08 1.33 1.50 0.92
BEGIN: 20100413 20091213 20090913 20090413
END: 20110413 20110313 20110213 20100213
MOD DUR: 8.48 8.40 8.31 8.00
CONVEX: 1.00 0.98 0.95 0.87
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
121 0.50% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 0.85%. Cumulative Default 2.82%.
122 1.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 1.66%. Cumulative Default 5.55%.
123 3.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 4.67%. Cumulative Default 15.57%.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-2 AA
CUR BALANCE: $39,129,349
CUR COUPON: 7.42700
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-121 SCN-122 SCN-123
101-04 7.56 7.56 7.56 7.55
101-05 7.55 7.55 7.55 7.55
101-06 7.55 7.55 7.55 7.55
101-07 7.55 7.55 7.55 7.54
101-08 7.54 7.54 7.54 7.54
101-09 7.54 7.54 7.54 7.54
101-10 7.54 7.54 7.54 7.53
101-11 7.53 7.53 7.53 7.53
101-12 7.53 7.53 7.53 7.52
101-13 7.53 7.52 7.52 7.52
101-14 7.52 7.52 7.52 7.52
101-15 7.52 7.52 7.52 7.51
* 101-16 7.51 7.51 7.51 7.51
101-17 7.51 7.51 7.51 7.51
101-18 7.51 7.51 7.51 7.50
101-19 7.50 7.50 7.50 7.50
101-20 7.50 7.50 7.50 7.50
101-21 7.50 7.50 7.50 7.49
101-22 7.49 7.49 7.49 7.49
101-23 7.49 7.49 7.49 7.48
101-24 7.49 7.49 7.49 7.48
101-25 7.48 7.48 7.48 7.48
101-26 7.48 7.48 7.48 7.47
101-27 7.48 7.48 7.47 7.47
101-28 7.47 7.47 7.47 7.47
WAL: 14.59 14.57 14.54 14.27
WINDOW 0.25 0.33 0.42 1.42
BEGIN: 20110413 20110313 20110213 20100213
END: 20110613 20110613 20110613 20110613
MOD DUR: 8.63 8.62 8.61 8.52
<PAGE>
CONVEX: 1.04 1.04 1.04 1.01
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
121 0.50% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 0.85%. Cumulative Default 2.82%.
122 1.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 1.66%. Cumulative Default 5.55%.
123 3.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 4.67%. Cumulative Default 15.57%.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-3 A
CUR BALANCE: $35,216,414
CUR COUPON: 7.52600
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-121 SCN-122 SCN-123
101-04 7.66 7.66 7.66 7.66
101-05 7.66 7.66 7.66 7.66
101-06 7.65 7.65 7.65 7.65
101-07 7.65 7.65 7.65 7.65
101-08 7.65 7.65 7.65 7.65
101-09 7.64 7.64 7.64 7.64
101-10 7.64 7.64 7.64 7.64
101-11 7.63 7.63 7.63 7.63
101-12 7.63 7.63 7.63 7.63
101-13 7.63 7.63 7.63 7.63
101-14 7.62 7.62 7.62 7.62
101-15 7.62 7.62 7.62 7.62
* 101-16 7.62 7.62 7.62 7.62
101-17 7.61 7.61 7.61 7.61
101-18 7.61 7.61 7.61 7.61
101-19 7.61 7.61 7.61 7.61
101-20 7.60 7.60 7.60 7.60
101-21 7.60 7.60 7.60 7.60
101-22 7.60 7.60 7.60 7.59
101-23 7.59 7.59 7.59 7.59
101-24 7.59 7.59 7.59 7.59
101-25 7.58 7.58 7.58 7.58
101-26 7.58 7.58 7.58 7.58
101-27 7.58 7.58 7.58 7.58
101-28 7.57 7.57 7.57 7.57
WAL: 14.73 14.72 14.71 14.69
WINDOW 0.33 0.33 0.33 0.25
BEGIN: 20110613 20110613 20110613 20110613
END: 20110913 20110913 20110913 20110813
MOD DUR: 8.62 8.62 8.61 8.61
CONVEX: 1.04 1.04 1.04 1.04
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
121 0.50% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
<PAGE>
Cumulative Loss 0.85%. Cumulative Default 2.82%.
122 1.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 1.66%. Cumulative Default 5.55%.
123 3.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 4.67%. Cumulative Default 15.57%.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-4 BBB
CUR BALANCE: $39,129,349
CUR COUPON: 7.82200
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-121 SCN-122 SCN-123
101-04 7.96 7.96 7.96 7.96
101-05 7.96 7.96 7.96 7.96
101-06 7.96 7.96 7.96 7.96
101-07 7.95 7.95 7.95 7.95
101-08 7.95 7.95 7.95 7.95
101-09 7.94 7.94 7.94 7.94
101-10 7.94 7.94 7.94 7.94
101-11 7.94 7.94 7.94 7.94
101-12 7.93 7.93 7.93 7.93
101-13 7.93 7.93 7.93 7.93
101-14 7.93 7.93 7.93 7.93
101-15 7.92 7.92 7.92 7.92
* 101-16 7.92 7.92 7.92 7.92
101-17 7.92 7.92 7.92 7.92
101-18 7.91 7.91 7.91 7.91
101-19 7.91 7.91 7.91 7.91
101-20 7.90 7.90 7.90 7.90
101-21 7.90 7.90 7.90 7.90
101-22 7.90 7.90 7.90 7.90
101-23 7.89 7.89 7.89 7.89
101-24 7.89 7.89 7.89 7.89
101-25 7.89 7.89 7.89 7.89
101-26 7.88 7.88 7.88 7.88
101-27 7.88 7.88 7.88 7.88
101-28 7.88 7.88 7.88 7.88
WAL: 14.89 14.89 14.89 14.89
WINDOW 0.08 0.08 0.08 0.17
BEGIN: 20110913 20110913 20110913 20110813
END: 20110913 20110913 20110913 20110913
MOD DUR: 8.51 8.51 8.51 8.51
CONVEX: 1.03 1.03 1.03 1.03
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
121 0.50% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 0.85%. Cumulative Default 2.82%.
122 1.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 1.66%. Cumulative Default 5.55%.
123 3.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 4.67%. Cumulative Default 15.57%.
U.S. Treasury Curve
<PAGE>
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-5 BBB-
CUR BALANCE: $15,651,739
CUR COUPON: 8.16500
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-121 SCN-122 SCN-123
101-04 8.31 8.31 8.31 8.31
101-05 8.31 8.31 8.31 8.31
101-06 8.31 8.31 8.31 8.31
101-07 8.30 8.30 8.30 8.30
101-08 8.30 8.30 8.30 8.30
101-09 8.29 8.29 8.29 8.29
101-10 8.29 8.29 8.29 8.29
101-11 8.29 8.29 8.29 8.29
101-12 8.28 8.28 8.28 8.28
101-13 8.28 8.28 8.28 8.28
101-14 8.28 8.28 8.28 8.28
101-15 8.27 8.27 8.27 8.27
* 101-16 8.27 8.27 8.27 8.27
101-17 8.26 8.26 8.26 8.26
101-18 8.26 8.26 8.26 8.26
101-19 8.26 8.26 8.26 8.26
101-20 8.25 8.25 8.25 8.25
101-21 8.25 8.25 8.25 8.25
101-22 8.25 8.25 8.25 8.25
101-23 8.24 8.24 8.24 8.24
101-24 8.24 8.24 8.24 8.24
101-25 8.24 8.24 8.24 8.24
101-26 8.23 8.23 8.23 8.23
101-27 8.23 8.23 8.23 8.23
101-28 8.22 8.22 8.22 8.22
WAL: 14.89 14.89 14.89 14.89
WINDOW 0.08 0.08 0.08 0.08
BEGIN: 20110913 20110913 20110913 20110913
END: 20110913 20110913 20110913 20110913
MOD DUR: 8.33 8.33 8.33 8.33
CONVEX: 1.00 1.00 1.00 1.00
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
121 0.50% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 0.85%. Cumulative Default 2.82%.
122 1.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 1.66%. Cumulative Default 5.55%.
123 3.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 4.67%. Cumulative Default 15.57%.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
<PAGE>
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-1 BB
CUR BALANCE: $43,042,284
CUR COUPON: 9.12527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-121 SCN-122 SCN-123
87-22+ 11.18 11.18 11.18 11.15
87-23+ 11.17 11.17 11.17 11.15
87-24+ 11.17 11.17 11.17 11.14
87-25+ 11.16 11.16 11.16 11.14
87-26+ 11.16 11.16 11.16 11.13
87-27+ 11.15 11.15 11.15 11.13
87-28+ 11.15 11.15 11.15 11.12
87-29+ 11.14 11.14 11.14 11.12
87-30+ 11.14 11.14 11.14 11.11
87-31+ 11.13 11.13 11.13 11.11
88-00+ 11.13 11.13 11.13 11.10
88-01+ 11.12 11.12 11.12 11.10
* 88-02+ 11.12 11.12 11.12 11.09
88-03+ 11.11 11.11 11.11 11.09
88-04+ 11.11 11.11 11.11 11.08
88-05+ 11.10 11.10 11.10 11.08
88-06+ 11.10 11.10 11.10 11.08
88-07+ 11.09 11.09 11.09 11.07
88-08+ 11.09 11.09 11.09 11.07
88-09+ 11.09 11.08 11.08 11.06
88-10+ 11.08 11.08 11.08 11.06
88-11+ 11.08 11.08 11.07 11.05
88-12+ 11.07 11.07 11.07 11.05
88-13+ 11.07 11.07 11.07 11.04
88-14+ 11.06 11.06 11.06 11.04
WAL: 14.94 14.94 14.95 15.38
WINDOW 0.17 0.17 0.17 1.58
BEGIN: 20110913 20110913 20110913 20110913
END: 20111013 20111013 20111013 20130313
MOD DUR: 7.31 7.32 7.32 7.40
CONVEX: 0.82 0.82 0.82 0.85
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
121 0.50% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 0.85%. Cumulative Default 2.82%.
122 1.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 1.66%. Cumulative Default 5.55%.
123 3.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 4.67%. Cumulative Default 15.57%.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-2 B
CUR BALANCE: $27,390,544
CUR COUPON: 9.12527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
<PAGE>
SCENARIO: SCN-1 SCN-121 SCN-122 SCN-123
74-12+ 13.46 13.43 13.40 11.16
74-13+ 13.45 13.42 13.40 11.15
74-14+ 13.44 13.42 13.39 11.14
74-15+ 13.44 13.41 13.38 11.14
74-16+ 13.43 13.40 13.38 11.13
74-17+ 13.42 13.40 13.37 11.13
74-18+ 13.42 13.39 13.36 11.12
74-19+ 13.41 13.39 13.36 11.11
74-20+ 13.41 13.38 13.35 11.11
74-21+ 13.40 13.37 13.35 11.10
74-22+ 13.39 13.37 13.34 11.09
74-23+ 13.39 13.36 13.33 11.09
* 74-24+ 13.38 13.36 13.33 11.08
74-25+ 13.37 13.35 13.32 11.07
74-26+ 13.37 13.34 13.32 11.07
74-27+ 13.36 13.34 13.31 11.06
74-28+ 13.36 13.33 13.30 11.05
74-29+ 13.35 13.32 13.30 11.05
74-30+ 13.34 13.32 13.29 11.04
74-31+ 13.34 13.31 13.29 11.04
75-00+ 13.33 13.31 13.28 11.03
75-01+ 13.33 13.30 13.27 11.02
75-02+ 13.32 13.29 13.27 11.02
75-03+ 13.31 13.29 13.26 11.01
75-04+ 13.31 13.28 13.25 11.00
WAL: 15.71 15.94 16.21 18.06
WINDOW 1.50 1.50 2.50 8.25
BEGIN: 20111013 20111013 20111013 20130313
END: 20130313 20130313 20140313 20210513
MOD DUR: 6.77 6.80 6.84 6.52
CONVEX: 0.75 0.76 0.77 0.73
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
121 0.50% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 0.85%. Cumulative Default 2.82%.
122 1.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 1.66%. Cumulative Default 5.55%.
123 3.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 4.67%. Cumulative Default 15.57%.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-3 B-
CUR BALANCE: $7,825,869
CUR COUPON: 9.12527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-121 SCN-122 SCN-123
63.843750 15.74 15.67 15.48 4.77
63.875000 15.73 15.67 15.47 4.76
63.906250 15.72 15.66 15.46 4.75
63.937500 15.71 15.65 15.46 4.73
63.968750 15.70 15.64 15.45 4.72
<PAGE>
64.000000 15.70 15.63 15.44 4.71
64.031250 15.69 15.63 15.43 4.70
64.062500 15.68 15.62 15.43 4.68
64.093750 15.67 15.61 15.42 4.67
64.125000 15.67 15.60 15.41 4.66
64.156250 15.66 15.60 15.40 4.65
64.187500 15.65 15.59 15.39 4.63
* 64.218750 15.64 15.58 15.39 4.62
64.250000 15.63 15.57 15.38 4.61
64.281250 15.63 15.56 15.37 4.60
64.312500 15.62 15.56 15.36 4.58
64.343750 15.61 15.55 15.36 4.57
64.375000 15.60 15.54 15.35 4.56
64.406250 15.59 15.53 15.34 4.55
64.437500 15.59 15.53 15.33 4.54
64.468750 15.58 15.52 15.33 4.52
64.500000 15.57 15.51 15.32 4.51
64.531250 15.56 15.50 15.31 4.50
64.562500 15.56 15.49 15.30 4.49
64.593750 15.55 15.49 15.30 4.47
WAL: 16.39 16.93 18.82 4.27
WINDOW 0.08 2.00 2.25 9.25
BEGIN: 20130313 20130313 20140313 19961113
END: 20130313 20150213 20160513 20060113
MOD DUR: 6.18 6.22 6.35 3.91
CONVEX: 0.66 0.68 0.73 0.23
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
121 0.50% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 0.85%. Cumulative Default 2.82%.
122 1.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 1.66%. Cumulative Default 5.55%.
123 3.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 4.67%. Cumulative Default 15.57%.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-4 UR
CUR BALANCE: $15,650,746
CUR COUPON: 9.12527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-121 SCN-122 SCN-123
39.140625 25.24 23.17 20.44 13.23
39.171875 25.22 23.14 20.42 13.20
39.203125 25.20 23.12 20.40 13.17
39.234375 25.18 23.10 20.37 13.14
39.265625 25.16 23.08 20.35 13.11
39.296875 25.14 23.06 20.33 13.08
39.328125 25.12 23.04 20.30 13.05
39.359375 25.10 23.02 20.28 13.02
39.390625 25.08 23.00 20.26 12.99
39.421875 25.06 22.98 20.23 12.96
39.453125 25.04 22.95 20.21 12.93
<PAGE>
39.484375 25.02 22.93 20.18 12.90
* 39.515625 25.00 22.91 20.16 12.87
39.546875 24.98 22.89 20.14 12.84
39.578125 24.96 22.87 20.11 12.81
39.609375 24.94 22.85 20.09 12.78
39.640625 24.93 22.83 20.07 12.75
39.671875 24.91 22.81 20.05 12.72
39.703125 24.89 22.79 20.02 12.69
39.734375 24.87 22.77 20.00 12.66
39.765625 24.85 22.75 19.98 12.63
39.796875 24.83 22.73 19.95 12.60
39.828125 24.81 22.71 19.93 12.57
39.859375 24.79 22.69 19.91 12.54
39.890625 24.77 22.67 19.88 12.51
WAL: 18.70 19.67 20.76 3.21
WINDOW 8.25 6.33 5.08 7.67
BEGIN: 20130313 20150213 20160513 19961113
END: 20210513 20210513 20210513 20040613
MOD DUR: 4.03 3.79 3.38 2.61
CONVEX: 0.33 0.30 0.23 0.11
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
121 0.50% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 0.85%. Cumulative Default 2.82%.
122 1.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 1.66%. Cumulative Default 5.55%.
123 3.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 4.67%. Cumulative Default 15.57%.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-4H UR H
CUR BALANCE: $1,001
CUR COUPON: 9.12527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-121 SCN-122 SCN-123
39.140625 25.24 23.17 20.44 13.23
39.171875 25.22 23.14 20.42 13.20
39.203125 25.20 23.12 20.40 13.17
39.234375 25.18 23.10 20.37 13.14
39.265625 25.16 23.08 20.35 13.11
39.296875 25.14 23.06 20.33 13.08
39.328125 25.12 23.04 20.30 13.05
39.359375 25.10 23.02 20.28 13.02
39.390625 25.08 23.00 20.26 12.99
39.421875 25.06 22.98 20.23 12.96
39.453125 25.04 22.95 20.21 12.93
39.484375 25.02 22.93 20.18 12.90
* 39.515625 25.00 22.91 20.16 12.87
39.546875 24.98 22.89 20.14 12.84
39.578125 24.96 22.87 20.11 12.81
39.609375 24.94 22.85 20.09 12.78
39.640625 24.93 22.83 20.07 12.75
39.671875 24.91 22.81 20.05 12.72
<PAGE>
39.703125 24.89 22.79 20.02 12.69
39.734375 24.87 22.77 20.00 12.66
39.765625 24.85 22.75 19.98 12.63
39.796875 24.83 22.73 19.95 12.60
39.828125 24.81 22.71 19.93 12.57
39.859375 24.79 22.69 19.91 12.54
39.890625 24.77 22.67 19.88 12.51
WAL: 18.70 19.67 20.76 3.21
WINDOW 8.25 6.33 5.08 7.67
BEGIN: 20130313 20150213 20160513 19961113
END: 20210513 20210513 20210513 20040613
MOD DUR: 4.03 3.79 3.38 2.61
CONVEX: 0.33 0.30 0.23 0.11
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
121 0.50% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 0.85%. Cumulative Default 2.82%.
122 1.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 1.66%. Cumulative Default 5.55%.
123 3.00% annual default rate after 48.00 months (20001011.00). recover
70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 4.67%. Cumulative Default 15.57%.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
<PAGE>
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1A AAA
CUR BALANCE: $64,985,025
CUR COUPON: 7.01000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- --------
SCENARIO: SCN-1 SCN-176
101-04 6.72 6.54
101-05 6.71 6.53
101-06 6.70 6.51
101-07 6.69 6.50
101-08 6.68 6.48
101-09 6.67 6.47
101-10 6.66 6.45
101-11 6.65 6.44
101-12 6.64 6.42
101-13 6.63 6.41
101-14 6.62 6.39
101-15 6.61 6.38
* 101-16 6.60 6.36
101-17 6.59 6.35
101-18 6.58 6.33
101-19 6.57 6.32
101-20 6.56 6.30
101-21 6.55 6.28
101-22 6.54 6.27
101-23 6.53 6.25
101-24 6.51 6.24
101-25 6.50 6.22
101-26 6.49 6.21
101-27 6.48 6.19
101-28 6.47 6.18
WAL: 3.54 2.31
WINDOW 6.42 5.00
BEGIN: 19961113 19961113
END: 20030313 20011013
MOD DUR: 2.97 2.04
CONVEX: 0.13 0.07
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
176 Select Loans (4% of Cut-Off Balance,2% of Loans) defaults in month 6.
Recovers 70% in 12 months.
Servicer Advances. Others prepay by Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1B AAA
CUR BALANCE: $154,000,000
CUR COUPON: 7.21000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- --------
SCENARIO: SCN-1 SCN-176
101-04 7.10 7.10
101-05 7.10 7.09
101-06 7.09 7.08
<PAGE>
101-07 7.09 7.08
101-08 7.08 7.07
101-09 7.08 7.07
101-10 7.07 7.06
101-11 7.06 7.05
101-12 7.06 7.05
101-13 7.05 7.04
101-14 7.05 7.04
101-15 7.04 7.03
* 101-16 7.04 7.02
101-17 7.03 7.02
101-18 7.02 7.01
101-19 7.02 7.01
101-20 7.01 7.00
101-21 7.01 6.99
101-22 7.00 6.99
101-23 7.00 6.98
101-24 6.99 6.98
101-25 6.98 6.97
101-26 6.98 6.97
101-27 6.97 6.96
101-28 6.97 6.95
WAL: 7.11 6.76
WINDOW 3.08 3.25
BEGIN: 20030313 20011013
END: 20060313 20041213
MOD DUR: 5.40 5.20
CONVEX: 0.37 0.34
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
176 Select Loans (4% of Cut-Off Balance,2% of Loans) defaults in month 6.
Recovers 70% in 12 months.
Servicer Advances. Others prepay by Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
<PAGE>
DEAL: ASC 1996-D3
SETTLE: Oct-11-2000
DATED: Oct-11-2000
NEXT PAY: Nov-13-2000
ACT. DELAY: 2
CLASS: A-CS2 AAAIO
CUR BALANCE: $623,691,525
CUR COUPON: 1.86238
Yield to Maturity is Corporate Bond Equivalent
----------- -------- --------
SCENARIO: SCN-1 SCN-123
8.120857 10.01 8.29
8.152107 9.89 8.17
8.183357 9.76 8.04
8.214607 9.64 7.92
8.245857 9.51 7.79
8.277107 9.39 7.67
8.308357 9.27 7.54
8.339607 9.14 7.42
8.370857 9.02 7.30
8.402107 8.90 7.18
8.433357 8.78 7.06
8.464607 8.66 6.94
* 8.495857 8.55 6.82
8.527107 8.43 6.70
8.558357 8.31 6.59
8.589607 8.20 6.47
8.620857 8.08 6.36
8.652107 7.97 6.24
8.683357 7.85 6.13
8.714607 7.74 6.01
8.745857 7.63 5.90
8.777107 7.52 5.79
8.808357 7.40 5.68
8.839607 7.29 5.57
8.870857 7.18 5.46
WAL: 3.80 3.65
WINDOW 10.92 10.92
BEGIN: 20001113 20001113
END: 20110913 20110913
MOD DUR: 3.13 3.12
CONVEX: 0.17 0.17
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
123 3.00% annual default rate after 48.00 months (20001011.00).
recover 70.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 4.67%. Cumulative Default 15.57%.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
<PAGE>
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-CS2 AAAIO
CUR BALANCE: $623,691,525
CUR COUPON: 1.71550
Yield to Maturity is Corporate Bond Equivalent
----------- -------- --------
SCENARIO: SCN-1 SCN-144
11.608221 9.44 8.34
11.639471 9.38 8.28
11.670721 9.32 8.22
11.701971 9.25 8.15
11.733221 9.19 8.09
11.764471 9.13 8.03
11.795721 9.07 7.97
11.826971 9.01 7.91
11.858221 8.95 7.85
11.889471 8.89 7.79
11.920721 8.83 7.72
11.951971 8.77 7.66
* 11.983221 8.71 7.60
12.014471 8.65 7.54
12.045721 8.59 7.48
12.076971 8.53 7.43
12.108221 8.47 7.37
12.139471 8.42 7.31
12.170721 8.36 7.25
12.201971 8.30 7.19
12.233221 8.24 7.13
12.264471 8.19 7.07
12.295721 8.13 7.02
12.326971 8.07 6.96
12.358221 8.02 6.90
WAL: 5.58 5.36
WINDOW 14.92 14.92
BEGIN: 19961113 19961113
END: 20110913 20110913
MOD DUR: 4.40 4.35
CONVEX: 0.31 0.31
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
144 2.00% annual default rate after 0.00 months (19961011.00).
recover 75.00% in 12.00 months.
Servicer Advances.
Cumulative Loss 4.35%. Cumulative Default 17.41%.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
<PAGE>
<TABLE>
<CAPTION>
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-CS2 AAAIO
CUR BALANCE: $623,691,525
CUR COUPON: 1.71550
Yield to Maturity is Corporate Bond Equivalent
<S> <C> <C> <C> <C> <C> <C> <C>
----------- -------- -------- -------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-51 SCN-52 SCN-53 SCN-54 SCN-55 SCN-56
11.608221 9.44 8.42 7.78 7.34 8.25 7.38 6.76
11.639471 9.38 8.36 7.72 7.28 8.18 7.32 6.69
11.670721 9.32 8.29 7.66 7.21 8.12 7.26 6.63
11.701971 9.25 8.23 7.59 7.15 8.05 7.19 6.56
11.733221 9.19 8.17 7.53 7.09 7.99 7.13 6.50
11.764471 9.13 8.11 7.47 7.02 7.93 7.06 6.44
11.795721 9.07 8.04 7.41 6.96 7.87 7.00 6.37
11.826971 9.01 7.98 7.34 6.90 7.80 6.94 6.31
11.858221 8.95 7.92 7.28 6.84 7.74 6.88 6.25
11.889471 8.89 7.86 7.22 6.77 7.68 6.81 6.18
11.920721 8.83 7.80 7.16 6.71 7.62 6.75 6.12
11.951971 8.77 7.74 7.10 6.65 7.56 6.69 6.06
* 11.983221 8.71 7.68 7.04 6.59 7.50 6.63 6.00
12.014471 8.65 7.61 6.98 6.53 7.43 6.57 5.93
12.045721 8.59 7.55 6.92 6.47 7.37 6.51 5.87
12.076971 8.53 7.49 6.86 6.41 7.31 6.45 5.81
12.108221 8.47 7.43 6.80 6.35 7.25 6.39 5.75
12.139471 8.42 7.38 6.74 6.29 7.19 6.33 5.69
12.170721 8.36 7.32 6.68 6.23 7.13 6.27 5.63
12.201971 8.30 7.26 6.62 6.17 7.07 6.21 5.57
12.233221 8.24 7.20 6.56 6.11 7.02 6.15 5.51
12.264471 8.19 7.14 6.50 6.05 6.96 6.09 5.45
12.295721 8.13 7.08 6.44 5.99 6.90 6.03 5.39
12.326971 8.07 7.02 6.39 5.93 6.84 5.97 5.33
12.358221 8.02 6.97 6.33 5.88 6.78 5.91 5.27
WAL: 5.58 5.28 5.22 5.13 5.22 5.09 4.94
WINDOW 14.92 15.00 15.00 16.00 14.92 15.00 14.92
BEGIN: 19961113 19961113 19961113 19961113 19961113 19961113 19961113
END: 20110913 20111013 20111013 20121013 20110913 20111013 20110913
MOD DUR: 4.40 4.30 4.30 4.28 4.28 4.26 4.21
CONVEX: 0.31 0.30 0.30 0.30 0.29 0.29 0.29
</TABLE>
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
51 Loans (9.9% of Cut-Off Balance,2.6% of Loans) Default in 60.0
months. Recovers 70% in 12 months.
Servicer Advances.
52 Loans (21.2% of Cut-Off Balance,16.7% of Loans) Default in 60.0
months. Recovers 70% in 12 months.
Servicer Advances.
53 Loans (28.3% of Cut-Off Balance,25.4% of Loans) Default in 60.0
months. Recovers 70% in 12 months.
Servicer Advances.
54 Loans (9.9% of Cut-Off Balance,2.6% of Loans) Default in 60.0
months. Recovers 80% in 12 months.
Servicer Advances.
55 Loans (21.2% of Cut-Off Balance,16.7% of Loans) Default in 60.0
months. Recovers 80% in 12 months.
Servicer Advances.
56 Loans (28.3% of Cut-Off Balance,25.4% of Loans) Default in 60.0
months. Recovers 80% in 12 months.
Servicer Advances.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-4 BBB
<PAGE>
<TABLE>
<CAPTION>
CUR BALANCE: $39,129,349
CUR COUPON: 7.82200
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-51 SCN-52 SCN-53 SCN-54 SCN-55 SCN-56
<S> <C> <C> <C> <C> <C> <C> <C>
101-04 7.96 7.96 7.95 7.99 7.96 7.95 7.98
101-05 7.96 7.96 7.95 7.98 7.96 7.95 7.98
101-06 7.96 7.96 7.95 7.98 7.96 7.95 7.98
101-07 7.95 7.95 7.94 7.97 7.95 7.94 7.97
101-08 7.95 7.95 7.94 7.97 7.95 7.94 7.97
101-09 7.94 7.94 7.94 7.97 7.94 7.93 7.97
101-10 7.94 7.94 7.93 7.96 7.94 7.93 7.96
101-11 7.94 7.94 7.93 7.96 7.94 7.93 7.96
101-12 7.93 7.93 7.92 7.96 7.93 7.92 7.96
101-13 7.93 7.93 7.92 7.95 7.93 7.92 7.95
101-14 7.93 7.93 7.92 7.95 7.93 7.92 7.95
101-15 7.92 7.92 7.91 7.95 7.92 7.91 7.94
* 101-16 7.92 7.92 7.91 7.94 7.92 7.91 7.94
101-17 7.92 7.92 7.91 7.94 7.92 7.91 7.94
101-18 7.91 7.91 7.90 7.93 7.91 7.90 7.93
101-19 7.91 7.91 7.90 7.93 7.91 7.90 7.93
101-20 7.90 7.90 7.90 7.93 7.90 7.89 7.93
101-21 7.90 7.90 7.89 7.92 7.90 7.89 7.92
101-22 7.90 7.90 7.89 7.92 7.90 7.89 7.92
101-23 7.89 7.89 7.88 7.92 7.89 7.88 7.92
101-24 7.89 7.89 7.88 7.91 7.89 7.88 7.91
101-25 7.89 7.89 7.88 7.91 7.89 7.88 7.91
101-26 7.88 7.88 7.87 7.91 7.88 7.87 7.90
101-27 7.88 7.88 7.87 7.90 7.88 7.87 7.90
101-28 7.88 7.88 7.87 7.90 7.88 7.87 7.90
WAL: 14.89 14.79 14.88 14.84 14.74 14.79 14.70
WINDOW 0.08 0.33 0.33 0.33 0.33 0.33 0.33
BEGIN: 20110913 20110613 20110713 20110713 20110613 20110613 20110613
END: 20110913 20110913 20111013 20111013 20110913 20110913 20110913
MOD DUR: 8.51 8.48 8.51 8.49 8.46 8.48 8.45
CONVEX: 1.03 1.02 1.03 1.02 1.01 1.02 1.01
</TABLE>
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
51 Loans (9.9% of Cut-Off Balance,2.6% of Loans) Default in 60.0
months. Recovers 70% in 12 months.
Servicer Advances.
52 Loans (21.2% of Cut-Off Balance,16.7% of Loans) Default in 60.0
months. Recovers 70% in 12 months.
Servicer Advances.
53 Loans (28.3% of Cut-Off Balance,25.4% of Loans) Default in 60.0
months. Recovers 70% in 12 months.
Servicer Advances.
54 Loans (9.9% of Cut-Off Balance,2.6% of Loans) Default in 60.0
months. Recovers 80% in 12 months.
Servicer Advances.
55 Loans (21.2% of Cut-Off Balance,16.7% of Loans) Default in 60.0
months. Recovers 80% in 12 months.
Servicer Advances.
56 Loans (28.3% of Cut-Off Balance,25.4% of Loans) Default in 60.0
months. Recovers 80% in 12 months.
Servicer Advances.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
<TABLE>
<CAPTION>
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-5 BBB-
CUR BALANCE: $15,651,739
CUR COUPON: 8.16500
Yield to Maturity is Corporate Bond Equivalent
<S> <C> <C> <C> <C> <C> <C> <C>
----------- -------- -------- -------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-51 SCN-52 SCN-53 SCN-54 SCN-55 SCN-56
101-04 8.31 8.31 8.30 8.33 8.31 8.30 8.34
101-05 8.31 8.31 8.30 8.33 8.31 8.30 8.33
101-06 8.31 8.31 8.30 8.33 8.31 8.30 8.33
101-07 8.30 8.30 8.29 8.32 8.30 8.29 8.32
101-08 8.30 8.30 8.29 8.32 8.30 8.29 8.32
101-09 8.29 8.30 8.28 8.32 8.30 8.29 8.32
101-10 8.29 8.29 8.28 8.31 8.29 8.28 8.31
101-11 8.29 8.29 8.28 8.31 8.29 8.28 8.31
101-12 8.28 8.28 8.27 8.30 8.28 8.27 8.31
101-13 8.28 8.28 8.27 8.30 8.28 8.27 8.30
101-14 8.28 8.28 8.27 8.30 8.28 8.27 8.30
101-15 8.27 8.27 8.26 8.29 8.27 8.26 8.30
* 101-16 8.27 8.27 8.26 8.29 8.27 8.26 8.29
101-17 8.26 8.27 8.26 8.29 8.27 8.26 8.29
101-18 8.26 8.26 8.25 8.28 8.26 8.25 8.28
101-19 8.26 8.26 8.25 8.28 8.26 8.25 8.28
101-20 8.25 8.25 8.24 8.28 8.25 8.24 8.28
101-21 8.25 8.25 8.24 8.27 8.25 8.24 8.27
101-22 8.25 8.25 8.24 8.27 8.25 8.24 8.27
101-23 8.24 8.24 8.23 8.26 8.24 8.23 8.27
101-24 8.24 8.24 8.23 8.26 8.24 8.23 8.26
101-25 8.24 8.24 8.23 8.26 8.24 8.23 8.26
101-26 8.23 8.23 8.22 8.25 8.23 8.22 8.25
101-27 8.23 8.23 8.22 8.25 8.23 8.22 8.25
101-28 8.22 8.23 8.21 8.25 8.23 8.22 8.25
WAL: 14.89 14.91 14.97 15.12 14.89 14.92 14.89
WINDOW 0.08 0.17 0.08 1.08 0.08 0.17 0.08
BEGIN: 20110913 20110913 20111013 20111013 20110913 20110913 20110913
END: 20110913 20111013 20111013 20121013 20110913 20111013 20110913
MOD DUR: 8.33 8.33 8.35 8.39 8.33 8.34 8.33
CONVEX: 1.00 1.00 1.00 1.01 1.00 1.00 0.99
</TABLE>
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
51 Loans (9.9% of Cut-Off Balance,2.6% of Loans) Default in 60.0
months. Recovers 70% in 12 months.
Servicer Advances.
52 Loans (21.2% of Cut-Off Balance,16.7% of Loans) Default in 60.0
months. Recovers 70% in 12 months.
Servicer Advances.
53 Loans (28.3% of Cut-Off Balance,25.4% of Loans) Default in 60.0
months. Recovers 70% in 12 months.
Servicer Advances.
54 Loans (9.9% of Cut-Off Balance,2.6% of Loans) Default in 60.0
months. Recovers 80% in 12 months.
Servicer Advances.
55 Loans (21.2% of Cut-Off Balance,16.7% of Loans) Default in 60.0
months. Recovers 80% in 12 months.
Servicer Advances.
56 Loans (28.3% of Cut-Off Balance,25.4% of Loans) Default in 60.0
months. Recovers 80% in 12 months.
Servicer Advances.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
<PAGE>
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1A AAA
CUR BALANCE: $64,985,025
CUR COUPON: 7.01000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-301 SCN-302 SCN-303
101-04 6.72 6.72 6.72 6.72
101-05 6.71 6.71 6.71 6.71
101-06 6.70 6.70 6.70 6.70
101-07 6.69 6.69 6.69 6.69
101-08 6.68 6.68 6.68 6.68
101-09 6.67 6.67 6.67 6.67
101-10 6.66 6.66 6.66 6.66
101-11 6.65 6.65 6.65 6.65
101-12 6.64 6.64 6.64 6.64
101-13 6.63 6.63 6.63 6.63
101-14 6.62 6.62 6.62 6.62
101-15 6.61 6.61 6.61 6.61
* 101-16 6.60 6.60 6.60 6.60
101-17 6.59 6.59 6.59 6.59
101-18 6.58 6.58 6.58 6.58
101-19 6.57 6.57 6.57 6.57
101-20 6.56 6.56 6.56 6.56
101-21 6.55 6.55 6.55 6.55
101-22 6.54 6.54 6.54 6.54
101-23 6.53 6.53 6.53 6.53
101-24 6.51 6.51 6.51 6.51
101-25 6.50 6.50 6.50 6.50
101-26 6.49 6.49 6.49 6.49
101-27 6.48 6.48 6.48 6.48
101-28 6.47 6.47 6.47 6.47
WAL: 3.54 3.54 3.54 3.54
WINDOW 6.42 6.42 6.42 6.42
BEGIN: 19961113 19961113 19961113 19961113
END: 20030313 20030313 20030313 20030313
MOD DUR: 2.97 2.97 2.97 2.97
CONVEX: 0.13 0.13 0.13 0.13
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
301 Top 1 Cash Trap Loan(s) (9% of Cut-Off Balance,1% of Loans)
extend with cashtra Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
302 Top 3 Cash Trap Loan(s) (25% of Cut-Off Balance,3% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
303 Top 5 Cash Trap Loan(s) (32% of Cut-Off Balance,4% of Loans)
extend with cashtr Constant NOI
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-CS1 AAAIO
CUR BALANCE: $64,985,025
CUR COUPON: 2.11527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-301 SCN-302 SCN-303
<PAGE>
6.081653 11.47 11.47 11.47 11.47
6.112903 11.21 11.21 11.21 11.21
6.144153 10.94 10.94 10.94 10.94
6.175403 10.68 10.68 10.68 10.68
6.206653 10.43 10.43 10.43 10.43
6.237903 10.17 10.17 10.17 10.17
6.269153 9.92 9.92 9.92 9.92
6.300403 9.67 9.67 9.67 9.67
6.331653 9.42 9.42 9.42 9.42
6.362903 9.17 9.17 9.17 9.17
6.394153 8.93 8.93 8.93 8.93
6.425403 8.68 8.68 8.68 8.68
* 6.456653 8.44 8.44 8.44 8.44
6.487903 8.21 8.21 8.21 8.21
6.519153 7.97 7.97 7.97 7.97
6.550403 7.73 7.73 7.73 7.73
6.581653 7.50 7.50 7.50 7.50
6.612903 7.27 7.27 7.27 7.27
6.644153 7.04 7.04 7.04 7.04
6.675403 6.82 6.82 6.82 6.82
6.706653 6.59 6.59 6.59 6.59
6.737903 6.37 6.37 6.37 6.37
6.769153 6.15 6.15 6.15 6.15
6.800403 5.93 5.93 5.93 5.93
6.831653 5.71 5.71 5.71 5.71
WAL: 2.30 2.30 2.30 2.30
WINDOW 6.42 6.42 6.42 6.42
BEGIN: 19961113 19961113 19961113 19961113
END: 20030313 20030313 20030313 20030313
MOD DUR: 2.02 2.02 2.02 2.02
CONVEX: 0.07 0.07 0.07 0.07
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
301 Top 1 Cash Trap Loan(s) (9% of Cut-Off Balance, 1% of Loans)
extend with cashtra Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
302 Top 3 Cash Trap Loan(s) (25% of Cut-Off Balance, 3% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
303 Top 5 Cash Trap Loan(s) (32% of Cut-Off Balance, 4% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1B AAA
CUR BALANCE: $154,000,000
CUR COUPON: 7.21000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-301 SCN-302 SCN-303
101-04 7.10 7.10 7.12 7.12
101-05 7.10 7.10 7.12 7.12
101-06 7.09 7.09 7.11 7.11
101-07 7.09 7.09 7.11 7.11
101-08 7.08 7.08 7.10 7.10
101-09 7.08 7.08 7.10 7.10
101-10 7.07 7.07 7.09 7.09
101-11 7.06 7.06 7.09 7.09
101-12 7.06 7.06 7.08 7.08
101-13 7.05 7.05 7.08 7.08
<PAGE>
101-14 7.05 7.05 7.07 7.07
101-15 7.04 7.04 7.07 7.07
* 101-16 7.04 7.04 7.06 7.06
101-17 7.03 7.03 7.06 7.06
101-18 7.02 7.02 7.05 7.05
101-19 7.02 7.02 7.05 7.05
101-20 7.01 7.01 7.04 7.04
101-21 7.01 7.01 7.03 7.03
101-22 7.00 7.00 7.03 7.03
101-23 7.00 7.00 7.02 7.02
101-24 6.99 6.99 7.02 7.02
101-25 6.98 6.98 7.01 7.01
101-26 6.98 6.98 7.01 7.01
101-27 6.97 6.97 7.00 7.00
101-28 6.97 6.97 7.00 7.00
WAL: 7.11 7.11 8.08 8.08
WINDOW 3.08 3.08 3.33 3.33
BEGIN: 20030313 20030313 20030313 20030313
END: 20060313 20060313 20060613 20060613
MOD DUR: 5.40 5.40 5.93 5.93
CONVEX: 0.37 0.37 0.45 0.45
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
301 Top 1 Cash Trap Loan(s) (9% of Cut-Off Balance, 1% of Loans)
extend with cashtra Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
302 Top 3 Cash Trap Loan(s) (25% of Cut-Off Balance, 3% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
303 Top 5 Cash Trap Loan(s) (32% of Cut-Off Balance, 4% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1C AAA
CUR BALANCE: $321,000,000
CUR COUPON: 7.40000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-301 SCN-302 SCN-303
101-04 7.35 7.35 7.35 7.36
101-05 7.34 7.34 7.35 7.35
101-06 7.34 7.34 7.35 7.35
101-07 7.33 7.33 7.34 7.34
101-08 7.33 7.33 7.34 7.34
101-09 7.33 7.33 7.33 7.33
101-10 7.32 7.32 7.33 7.33
101-11 7.32 7.32 7.32 7.33
101-12 7.31 7.31 7.32 7.32
101-13 7.31 7.31 7.32 7.32
101-14 7.30 7.30 7.31 7.31
101-15 7.30 7.30 7.31 7.31
* 101-16 7.29 7.29 7.30 7.30
101-17 7.29 7.29 7.30 7.30
101-18 7.29 7.29 7.29 7.30
101-19 7.28 7.28 7.29 7.29
101-20 7.28 7.28 7.29 7.29
101-21 7.27 7.27 7.28 7.28
101-22 7.27 7.27 7.28 7.28
101-23 7.26 7.26 7.27 7.27
<PAGE>
101-24 7.26 7.26 7.27 7.27
101-25 7.25 7.25 7.26 7.27
101-26 7.25 7.25 7.26 7.26
101-27 7.25 7.25 7.26 7.26
101-28 7.24 7.24 7.25 7.25
WAL: 10.21 10.21 10.84 10.98
WINDOW 4.17 4.17 5.00 5.08
BEGIN: 20060313 20060313 20060613 20060613
END: 20100413 20100413 20110513 20110613
MOD DUR: 6.96 6.96 7.22 7.27
CONVEX: 0.64 0.64 0.70 0.71
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
301 Top 1 Cash Trap Loan(s) (9% of Cut-Off Balance,1% of Loans)
extend with cashtra Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
302 Top 3 Cash Trap Loan(s) (25% of Cut-Off Balance,3% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
303 Top 5 Cash Trap Loan(s) (32% of Cut-Off Balance,4% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date. U.S.
Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-CS2 AAAIO
CUR BALANCE: $623,691,525
CUR COUPON: 1.71550
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-301 SCN-302 SCN-303
11.608221 9.44 9.44 10.19 10.31
11.639471 9.38 9.38 10.13 10.25
11.670721 9.32 9.32 10.07 10.19
11.701971 9.25 9.26 10.00 10.13
11.733221 9.19 9.20 9.94 10.07
11.764471 9.13 9.13 9.88 10.01
11.795721 9.07 9.07 9.82 9.95
11.826971 9.01 9.01 9.77 9.89
11.858221 8.95 8.95 9.71 9.83
11.889471 8.89 8.89 9.65 9.77
11.920721 8.83 8.83 9.59 9.71
11.951971 8.77 8.77 9.53 9.66
* 11.983221 8.71 8.71 9.47 9.60
12.014471 8.65 8.65 9.41 9.54
12.045721 8.59 8.59 9.36 9.48
12.076971 8.53 8.54 9.30 9.43
12.108221 8.47 8.48 9.24 9.37
12.139471 8.42 8.42 9.18 9.31
12.170721 8.36 8.36 9.13 9.26
12.201971 8.30 8.30 9.07 9.20
12.233221 8.24 8.25 9.01 9.14
12.264471 8.19 8.19 8.96 9.09
12.295721 8.13 8.13 8.90 9.03
12.326971 8.07 8.07 8.85 8.98
12.358221 8.02 8.02 8.79 8.92
WAL: 5.58 5.58 5.84 5.96
WINDOW 14.92 15.00 16.00 17.33
BEGIN: 19961113 19961113 19961113 19961113
END: 20110913 20111013 20121013 20140213
MOD DUR: 4.40 4.40 4.48 4.52
<PAGE>
CONVEX: 0.31 0.31 0.32 0.33
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
301 Top 1 Cash Trap Loan(s) (9% of Cut-Off Balance, 1% of Loans)
extend with cashtra Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
302 Top 3 Cash Trap Loan(s) (25% of Cut-Off Balance, 3% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
303 Top 5 Cash Trap Loan(s) (32% of Cut-Off Balance, 4% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1D AAA/AA
CUR BALANCE: $19,564,674
CUR COUPON: 7.47000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-301 SCN-302 SCN-303
101-04 7.45 7.45 7.45 7.45
101-05 7.45 7.45 7.45 7.45
101-06 7.44 7.44 7.45 7.45
101-07 7.44 7.44 7.44 7.44
101-08 7.44 7.44 7.44 7.44
101-09 7.43 7.43 7.43 7.44
101-10 7.43 7.43 7.43 7.43
101-11 7.42 7.42 7.43 7.43
101-12 7.42 7.42 7.42 7.42
101-13 7.42 7.42 7.42 7.42
101-14 7.41 7.41 7.42 7.42
101-15 7.41 7.41 7.41 7.41
* 101-16 7.41 7.41 7.41 7.41
101-17 7.40 7.40 7.41 7.41
101-18 7.40 7.40 7.40 7.40
101-19 7.40 7.40 7.40 7.40
101-20 7.39 7.39 7.40 7.40
101-21 7.39 7.39 7.39 7.39
101-22 7.38 7.38 7.39 7.39
101-23 7.38 7.38 7.38 7.39
101-24 7.38 7.38 7.38 7.38
101-25 7.37 7.37 7.38 7.38
101-26 7.37 7.37 7.37 7.37
101-27 7.37 7.37 7.37 7.37
101-28 7.36 7.36 7.37 7.37
WAL: 14.08 14.08 14.58 14.64
WINDOW 1.08 1.08 0.17 0.08
BEGIN: 20100413 20100413 20110513 20110613
END: 20110413 20110413 20110613 20110613
MOD DUR: 8.48 8.48 8.65 8.67
CONVEX: 1.00 1.00 1.04 1.05
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
301 Top 1 Cash Trap Loan(s) (9% of Cut-Off Balance, 1% of Loans)
extend with cashtra Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
302 Top 3 Cash Trap Loan(s) (25% of Cut-Off Balance, 3% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
303 Top 5 Cash Trap Loan(s) (32% of Cut-Off Balance, 4% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
U.S. Treasury Curve
<PAGE>
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-2 AA
CUR BALANCE: $39,129,349
CUR COUPON: 7.42700
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-301 SCN-302 SCN-303
101-04 7.56 7.56 7.52 7.52
101-05 7.55 7.55 7.52 7.51
101-06 7.55 7.55 7.51 7.51
101-07 7.55 7.55 7.51 7.50
101-08 7.54 7.54 7.51 7.50
101-09 7.54 7.54 7.50 7.50
101-10 7.54 7.54 7.50 7.49
101-11 7.53 7.53 7.50 7.49
101-12 7.53 7.53 7.49 7.49
101-13 7.53 7.53 7.49 7.48
101-14 7.52 7.52 7.48 7.48
101-15 7.52 7.52 7.48 7.48
* 101-16 7.51 7.51 7.48 7.47
101-17 7.51 7.51 7.47 7.47
101-18 7.51 7.51 7.47 7.47
101-19 7.50 7.50 7.47 7.46
101-20 7.50 7.50 7.46 7.46
101-21 7.50 7.50 7.46 7.46
101-22 7.49 7.49 7.46 7.45
101-23 7.49 7.49 7.45 7.45
101-24 7.49 7.49 7.45 7.44
101-25 7.48 7.48 7.45 7.44
101-26 7.48 7.48 7.44 7.44
101-27 7.48 7.48 7.44 7.43
101-28 7.47 7.47 7.44 7.43
WAL: 14.59 14.59 14.67 14.78
WINDOW 0.25 0.25 0.25 0.33
BEGIN: 20110413 20110413 20110613 20110613
END: 20110613 20110613 20110813 20110913
MOD DUR: 8.63 8.63 8.66 8.69
CONVEX: 1.04 1.04 1.05 1.06
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
301 Top 1 Cash Trap Loan(s) (9% of Cut-Off Balance, 1% of Loans)
extend with cashtra Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
302 Top 3 Cash Trap Loan(s) (25% of Cut-Off Balance, 3% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
303 Top 5 Cash Trap Loan(s) (32% of Cut-Off Balance, 4% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-3 A
<PAGE>
CUR BALANCE: $35,216,414
CUR COUPON: 7.52600
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-301 SCN-302 SCN-303
101-04 7.66 7.66 7.62 7.62
101-05 7.66 7.66 7.62 7.61
101-06 7.65 7.65 7.62 7.61
101-07 7.65 7.65 7.61 7.61
101-08 7.65 7.65 7.61 7.60
101-09 7.64 7.64 7.60 7.60
101-10 7.64 7.64 7.60 7.60
101-11 7.63 7.63 7.60 7.59
101-12 7.63 7.63 7.59 7.59
101-13 7.63 7.63 7.59 7.58
101-14 7.62 7.62 7.59 7.58
101-15 7.62 7.62 7.58 7.58
* 101-16 7.62 7.62 7.58 7.57
101-17 7.61 7.61 7.58 7.57
101-18 7.61 7.61 7.57 7.57
101-19 7.61 7.61 7.57 7.56
101-20 7.60 7.60 7.57 7.56
101-21 7.60 7.60 7.56 7.56
101-22 7.60 7.60 7.56 7.55
101-23 7.59 7.59 7.56 7.55
101-24 7.59 7.59 7.55 7.55
101-25 7.58 7.58 7.55 7.54
101-26 7.58 7.58 7.54 7.54
101-27 7.58 7.58 7.54 7.54
101-28 7.57 7.57 7.54 7.53
WAL: 14.73 14.73 14.87 14.96
WINDOW 0.33 0.33 0.25 0.42
BEGIN: 20110613 20110613 20110813 20110913
END: 20110913 20110913 20111013 20120113
MOD DUR: 8.62 8.62 8.67 8.70
CONVEX: 1.04 1.04 1.06 1.06
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
301 Top 1 Cash Trap Loan(s) (9% of Cut-Off Balance, 1% of Loans)
extend with cashtra Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
302 Top 3 Cash Trap Loan(s) (25% of Cut-Off Balance, 3% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
303 Top 5 Cash Trap Loan(s) (32% of Cut-Off Balance, 4% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-4 BBB
CUR BALANCE: $39,129,349
CUR COUPON: 7.82200
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-301 SCN-302 SCN-303
101-04 7.96 7.96 7.92 7.91
101-05 7.96 7.96 7.92 7.91
101-06 7.96 7.96 7.92 7.91
101-07 7.95 7.95 7.91 7.90
101-08 7.95 7.95 7.91 7.90
101-09 7.94 7.94 7.91 7.90
<PAGE>
101-10 7.94 7.94 7.90 7.89
101-11 7.94 7.94 7.90 7.89
101-12 7.93 7.93 7.90 7.89
101-13 7.93 7.93 7.89 7.88
101-14 7.93 7.93 7.89 7.88
101-15 7.92 7.92 7.88 7.88
* 101-16 7.92 7.92 7.88 7.87
101-17 7.92 7.92 7.88 7.87
101-18 7.91 7.91 7.87 7.86
101-19 7.91 7.91 7.87 7.86
101-20 7.90 7.90 7.87 7.86
101-21 7.90 7.90 7.86 7.85
101-22 7.90 7.90 7.86 7.85
101-23 7.89 7.89 7.86 7.85
101-24 7.89 7.89 7.85 7.84
101-25 7.89 7.89 7.85 7.84
101-26 7.88 7.88 7.85 7.84
101-27 7.88 7.88 7.84 7.83
101-28 7.88 7.88 7.84 7.83
WAL: 14.89 14.93 14.99 16.02
WINDOW 0.08 0.17 0.33 1.58
BEGIN: 20110913 20110913 20111013 20120113
END: 20110913 20111013 20120113 20130713
MOD DUR: 8.51 8.52 8.54 8.83
CONVEX: 1.03 1.03 1.04 1.13
SCENARIO
1 No prepayment till Anticipated Repayment Date.
301 Top 1 Cash Trap Loan(s) (9% of Cut-Off Balance, 1% of Loans)
extend with cashtra Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
302 Top 3 Cash Trap Loan(s) (25% of Cut-Off Balance, 3% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
303 Top 5 Cash Trap Loan(s) (32% of Cut-Off Balance, 4% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-5 BBB-
CUR BALANCE: $15,651,739
CUR COUPON: 8.16500
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-301 SCN-302 SCN-303
101-04 8.31 8.31 8.27 8.26
101-05 8.31 8.31 8.27 8.26
101-06 8.31 8.31 8.27 8.25
101-07 8.30 8.30 8.26 8.25
101-08 8.30 8.30 8.26 8.25
101-09 8.29 8.29 8.26 8.24
101-10 8.29 8.29 8.25 8.24
101-11 8.29 8.29 8.25 8.24
101-12 8.28 8.28 8.24 8.23
101-13 8.28 8.28 8.24 8.23
101-14 8.28 8.28 8.24 8.23
101-15 8.27 8.27 8.23 8.22
* 101-16 8.27 8.27 8.23 8.22
101-17 8.26 8.26 8.23 8.22
101-18 8.26 8.26 8.22 8.21
<PAGE>
101-19 8.26 8.26 8.22 8.21
101-20 8.25 8.25 8.22 8.21
101-21 8.25 8.25 8.21 8.20
101-22 8.25 8.25 8.21 8.20
101-23 8.24 8.24 8.21 8.20
101-24 8.24 8.24 8.20 8.19
101-25 8.24 8.24 8.20 8.19
101-26 8.23 8.23 8.19 8.18
101-27 8.23 8.23 8.19 8.18
101-28 8.22 8.22 8.19 8.18
WAL: 14.89 14.97 15.64 17.02
WINDOW 0.08 0.08 0.83 0.67
BEGIN: 20110913 20111013 20120113 20130713
END: 20110913 20111013 20121013 20140213
MOD DUR: 8.33 8.35 8.54 8.89
CONVEX: 1.00 1.00 1.06 1.17
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
301 Top 1 Cash Trap Loan(s) (9% of Cut-Off Balance, 1% of Loans)
extend with cashtra Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
302 Top 3 Cash Trap Loan(s) (25% of Cut-Off Balance, 3% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
303 Top 5 Cash Trap Loan(s) (32% of Cut-Off Balance, 4% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-1 BB
CUR BALANCE: $43,042,284
CUR COUPON: 9.12527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-301 SCN-302 SCN-303
87-22+ 11.18 11.12 11.04 10.99
87-23+ 11.17 11.12 11.04 10.98
87-24+ 11.17 11.11 11.03 10.98
87-25+ 11.16 11.11 11.03 10.97
87-26+ 11.16 11.10 11.02 10.97
87-27+ 11.15 11.10 11.02 10.97
87-28+ 11.15 11.09 11.02 10.96
87-29+ 11.14 11.09 11.01 10.96
87-30+ 11.14 11.08 11.01 10.95
87-31+ 11.13 11.08 11.00 10.95
88-00+ 11.13 11.08 11.00 10.94
88-01+ 11.12 11.07 10.99 10.94
* 88-02+ 11.12 11.07 10.99 10.93
88-03+ 11.11 11.06 10.98 10.93
88-04+ 11.11 11.06 10.98 10.92
88-05+ 11.10 11.05 10.97 10.92
88-06+ 11.10 11.05 10.97 10.92
88-07+ 11.09 11.04 10.96 10.91
88-08+ 11.09 11.04 10.96 10.91
88-09+ 11.09 11.03 10.96 10.90
88-10+ 11.08 11.03 10.95 10.90
88-11+ 11.08 11.02 10.95 10.89
88-12+ 11.07 11.02 10.94 10.89
88-13+ 11.07 11.01 10.94 10.88
88-14+ 11.06 11.01 10.93 10.88
<PAGE>
WAL: 14.94 16.03 16.93 18.06
WINDOW 0.17 1.75 1.92 1.67
BEGIN: 20110913 20111013 20121013 20140213
END: 20111013 20130613 20140813 20150913
MOD DUR: 7.31 7.52 7.68 7.85
CONVEX: 0.82 0.88 0.93 0.99
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
301 Top 1 Cash Trap Loan(s) (9% of Cut-Off Balance, 1% of Loans)
extend with cashtra Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
302 Top 3 Cash Trap Loan(s) (25% of Cut-Off Balance, 3% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
303 Top 5 Cash Trap Loan(s) (32% of Cut-Off Balance, 4% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-2 B
CUR BALANCE: $27,390,544
CUR COUPON: 9.12527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-301 SCN-302 SCN-303
74-12+ 13.46 13.27 13.19 13.11
74-13+ 13.45 13.27 13.18 13.11
74-14+ 13.44 13.26 13.18 13.10
74-15+ 13.44 13.25 13.17 13.10
74-16+ 13.43 13.25 13.16 13.09
74-17+ 13.42 13.24 13.16 13.08
74-18+ 13.42 13.24 13.15 13.08
74-19+ 13.41 13.23 13.15 13.07
74-20+ 13.41 13.22 13.14 13.07
74-21+ 13.40 13.22 13.13 13.06
74-22+ 13.39 13.21 13.13 13.06
74-23+ 13.39 13.21 13.12 13.05
* 74-24+ 13.38 13.20 13.12 13.04
74-25+ 13.37 13.19 13.11 13.04
74-26+ 13.37 13.19 13.11 13.03
74-27+ 13.36 13.18 13.10 13.03
74-28+ 13.36 13.18 13.09 13.02
74-29+ 13.35 13.17 13.09 13.01
74-30+ 13.34 13.16 13.08 13.01
74-31+ 13.34 13.16 13.08 13.00
75-00+ 13.33 13.15 13.07 13.00
75-01+ 13.33 13.15 13.06 12.99
75-02+ 13.32 13.14 13.06 12.99
75-03+ 13.31 13.14 13.05 12.98
75-04+ 13.31 13.13 13.05 12.97
WAL: 15.71 17.93 18.47 19.44
WINDOW 1.50 2.50 1.42 1.25
BEGIN: 20111013 20130613 20140813 20150913
END: 20130313 20151113 20151213 20161113
MOD DUR: 6.77 7.04 7.10 7.18
CONVEX: 0.75 0.84 0.86 0.89
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
301 Top 1 Cash Trap Loan(s) (9% of Cut-Off Balance, 1% of Loans)
extend with cashtra Constant NOI.
<PAGE>
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
302 Top 3 Cash Trap Loan(s) (25% of Cut-Off Balance, 3% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
303 Top 5 Cash Trap Loan(s) (32% of Cut-Off Balance, 4% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-3 B-
CUR BALANCE: $7,825,869
CUR COUPON: 9.12527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-301 SCN-302 SCN-303
63-27 15.74 15.45 15.40 15.31
63-28 15.73 15.44 15.39 15.31
63-29 15.72 15.43 15.39 15.30
63-30 15.71 15.43 15.38 15.29
63-31 15.70 15.42 15.37 15.28
64-00 15.70 15.41 15.36 15.28
64-01 15.69 15.40 15.36 15.27
64-02 15.68 15.40 15.35 15.26
64-03 15.67 15.39 15.34 15.25
64-04 15.67 15.38 15.33 15.25
64-05 15.66 15.37 15.32 15.24
64-06 15.65 15.37 15.32 15.23
* 64-07 15.64 15.36 15.31 15.22
64-08 15.63 15.35 15.30 15.22
64-09 15.63 15.34 15.29 15.21
64-10 15.62 15.34 15.29 15.20
64-11 15.61 15.33 15.28 15.19
64-12 15.60 15.32 15.27 15.18
64-13 15.59 15.31 15.26 15.18
64-14 15.59 15.31 15.26 15.17
64-15 15.58 15.30 15.25 15.16
64-16 15.57 15.29 15.24 15.15
64-17 15.56 15.28 15.23 15.15
64-18 15.56 15.27 15.23 15.14
64-19 15.55 15.27 15.22 15.13
WAL: 16.39 19.31 19.33 20.27
WINDOW 0.08 0.50 0.42 0.50
BEGIN: 20130313 20151113 20151213 20161113
END: 20130313 20160413 20160413 20170413
MOD DUR: 6.18 6.38 6.39 6.43
CONVEX: 0.66 0.74 0.74 0.76
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
301 Top 1 Cash Trap Loan(s) (9% of Cut-Off Balance, 1% of Loans)
extend with cashtra Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
302 Top 3 Cash Trap Loan(s) (25% of Cut-Off Balance, 3% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
303 Top 5 Cash Trap Loan(s) (32% of Cut-Off Balance, 4% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
<PAGE>
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-4 UR
CUR BALANCE: $15,650,746
CUR COUPON: 9.12527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-301 SCN-302 SCN-303
39-04+ 25.24 25.09 25.04 24.92
39-05+ 25.22 25.07 25.02 24.90
39-06+ 25.20 25.05 25.00 24.88
39-07+ 25.18 25.03 24.98 24.85
39-08+ 25.16 25.01 24.96 24.83
39-09+ 25.14 24.99 24.94 24.81
39-10+ 25.12 24.97 24.92 24.79
39-11+ 25.10 24.95 24.90 24.77
39-12+ 25.08 24.93 24.88 24.75
39-13+ 25.06 24.91 24.86 24.73
39-14+ 25.04 24.89 24.84 24.71
39-15+ 25.02 24.87 24.82 24.70
* 39-16+ 25.00 24.85 24.80 24.68
39-17+ 24.98 24.83 24.78 24.66
39-18+ 24.96 24.81 24.76 24.64
39-19+ 24.94 24.79 24.74 24.62
39-20+ 24.93 24.77 24.72 24.60
39-21+ 24.91 24.75 24.70 24.58
39-22+ 24.89 24.73 24.69 24.56
39-23+ 24.87 24.71 24.67 24.54
39-24+ 24.85 24.69 24.65 24.52
39-25+ 24.83 24.67 24.63 24.50
39-26+ 24.81 24.65 24.61 24.48
39-27+ 24.79 24.63 24.59 24.46
39-28+ 24.77 24.61 24.57 24.44
WAL: 18.70 20.15 20.15 21.86
WINDOW 8.25 5.17 5.17 4.17
BEGIN: 20130313 20160413 20160413 20170413
END: 20210513 20210513 20210513 20210513
MOD DUR: 4.03 4.02 4.01 3.99
CONVEX: 0.33 0.34 0.34 0.34
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
301 Top 1 Cash Trap Loan(s) (9% of Cut-Off Balance, 1% of Loans)
extend with cashtra Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
302 Top 3 Cash Trap Loan(s) (25% of Cut-Off Balance, 3% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
303 Top 5 Cash Trap Loan(s) (32% of Cut-Off Balance, 4% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-4H UR H
CUR BALANCE: $1,001
CUR COUPON: 9.12527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-301 SCN-302 SCN-303
<PAGE>
39-04+ 25.24 25.09 25.04 24.92
39-05+ 25.22 25.07 25.02 24.90
39-06+ 25.20 25.05 25.00 24.88
39-07+ 25.18 25.03 24.98 24.85
39-08+ 25.16 25.01 24.96 24.83
39-09+ 25.14 24.99 24.94 24.81
39-10+ 25.12 24.97 24.92 24.79
39-11+ 25.10 24.95 24.90 24.77
39-12+ 25.08 24.93 24.88 24.75
39-13+ 25.06 24.91 24.86 24.73
39-14+ 25.04 24.89 24.84 24.71
39-15+ 25.02 24.87 24.82 24.70
* 39-16+ 25.00 24.85 24.80 24.68
39-17+ 24.98 24.83 24.78 24.66
39-18+ 24.96 24.81 24.76 24.64
39-19+ 24.94 24.79 24.74 24.62
39-20+ 24.93 24.77 24.72 24.60
39-21+ 24.91 24.75 24.70 24.58
39-22+ 24.89 24.73 24.69 24.56
39-23+ 24.87 24.71 24.67 24.54
39-24+ 24.85 24.69 24.65 24.52
39-25+ 24.83 24.67 24.63 24.50
39-26+ 24.81 24.65 24.61 24.48
39-27+ 24.79 24.63 24.59 24.46
39-28+ 24.77 24.61 24.57 24.44
WAL: 18.70 20.15 20.15 21.86
WINDOW 8.25 5.17 5.17 4.17
BEGIN: 20130313 20160413 20160413 20170413
END: 20210513 20210513 20210513 20210513
MOD DUR: 4.03 4.02 4.01 3.99
CONVEX: 0.33 0.34 0.34 0.34
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
301 Top 1 Cash Trap Loan(s) (9% of Cut-Off Balance, 1% of Loans)
extend with cashtra Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
302 Top 3 Cash Trap Loan(s) (25% of Cut-Off Balance, 3% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
303 Top 5 Cash Trap Loan(s) (32% of Cut-Off Balance, 4% of Loans)
extend with cashtr Constant NOI.
Treasury yield curve shifts 0 bp. Others prepay by Optional Prepay Date.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
<PAGE>
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1A AAA
CUR BALANCE: $64,985,025
CUR COUPON: 7.01000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-241 SCN-242 SCN-243
101-04 6.72 6.72 6.72 6.72
101-05 6.71 6.71 6.71 6.71
101-06 6.70 6.70 6.70 6.70
101-07 6.69 6.69 6.69 6.69
101-08 6.68 6.68 6.68 6.68
101-09 6.67 6.67 6.67 6.67
101-10 6.66 6.66 6.66 6.66
101-11 6.65 6.65 6.65 6.65
101-12 6.64 6.64 6.64 6.64
101-13 6.63 6.63 6.63 6.63
101-14 6.62 6.62 6.62 6.62
101-15 6.61 6.61 6.61 6.61
* 101-16 6.60 6.60 6.60 6.60
101-17 6.59 6.59 6.59 6.59
101-18 6.58 6.58 6.58 6.58
101-19 6.57 6.57 6.57 6.57
101-20 6.56 6.56 6.56 6.56
101-21 6.55 6.55 6.55 6.55
101-22 6.54 6.54 6.54 6.54
101-23 6.53 6.53 6.53 6.53
101-24 6.51 6.51 6.51 6.51
101-25 6.50 6.50 6.50 6.50
101-26 6.49 6.49 6.49 6.49
101-27 6.48 6.48 6.48 6.48
101-28 6.47 6.47 6.47 6.47
WAL: 3.54 3.54 3.54 3.54
WINDOW 6.42 6.42 6.42 6.42
BEGIN: 19961113 19961113 19961113 19961113
END: 20030313 20030313 20030313 20030313
MOD DUR: 2.97 2.97 2.97 2.97
CONVEX: 0.13 0.13 0.13 0.13
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
241 NOI decreases 5.0 %/yr. Loans with Balances greater than 70000000.0
(9.1% of Cut-Off Bal., 1% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
242 NOI decreases 5.0 %/yr. Loans with Balances greater than 30000000.0
(16.1% of Cut-Off Bal., 2% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
243 NOI decreases 5.0 %/yr. Loans with Balances greater than 24500000.0
(22.9% of Cut-Off Bal., 4% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-CS1 AAAIO
CUR BALANCE: $64,985,025
CUR COUPON: 2.11527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-241 SCN-242 SCN-243
<PAGE>
6.081653 11.47 11.47 11.47 11.47
6.112903 11.21 11.21 11.21 11.21
6.144153 10.94 10.94 10.94 10.94
6.175403 10.68 10.68 10.68 10.68
6.206653 10.43 10.43 10.43 10.43
6.237903 10.17 10.17 10.17 10.17
6.269153 9.92 9.92 9.92 9.92
6.300403 9.67 9.67 9.67 9.67
6.331653 9.42 9.42 9.42 9.42
6.362903 9.17 9.17 9.17 9.17
6.394153 8.93 8.93 8.93 8.93
6.425403 8.68 8.68 8.68 8.68
* 6.456653 8.44 8.44 8.44 8.44
6.487903 8.21 8.21 8.21 8.21
6.519153 7.97 7.97 7.97 7.97
6.550403 7.73 7.73 7.73 7.73
6.581653 7.50 7.50 7.50 7.50
6.612903 7.27 7.27 7.27 7.27
6.644153 7.04 7.04 7.04 7.04
6.675403 6.82 6.82 6.82 6.82
6.706653 6.59 6.59 6.59 6.59
6.737903 6.37 6.37 6.37 6.37
6.769153 6.15 6.15 6.15 6.15
6.800403 5.93 5.93 5.93 5.93
6.831653 5.71 5.71 5.71 5.71
WAL: 2.30 2.30 2.30 2.30
WINDOW 6.42 6.42 6.42 6.42
BEGIN: 19961113 19961113 19961113 19961113
END: 20030313 20030313 20030313 20030313
MOD DUR: 2.02 2.02 2.02 2.02
CONVEX: 0.07 0.07 0.07 0.07
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
241 NOI decreases 5.0 %/yr. Loans with Balance greater than 70000000.0
(9.1% of Cut-Off Bal., 1% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
242 NOI decreases 5.0 %/yr. Loans with Balances greater than 30000000.0
(16.1% of Cut-Off Bal., 2% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
243 NOI decreases 5.0 %/yr. Loans with Balances greater than 24500000.0
(22.9% of Cut-Off Bal., 4% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1B AAA
CUR BALANCE: $154,000,000
CUR COUPON: 7.21000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-241 SCN-242 SCN-243
101-04 7.10 7.10 7.10 7.10
101-05 7.10 7.10 7.09 7.09
101-06 7.09 7.09 7.09 7.09
101-07 7.09 7.09 7.08 7.08
101-08 7.08 7.08 7.07 7.07
101-09 7.08 7.08 7.07 7.07
101-10 7.07 7.07 7.06 7.06
101-11 7.06 7.06 7.06 7.06
101-12 7.06 7.06 7.05 7.05
101-13 7.05 7.05 7.05 7.05
<PAGE>
101-14 7.05 7.05 7.04 7.04
101-15 7.04 7.04 7.03 7.03
* 101-16 7.04 7.04 7.03 7.03
101-17 7.03 7.03 7.02 7.02
101-18 7.02 7.02 7.02 7.02
101-19 7.02 7.02 7.01 7.01
101-20 7.01 7.01 7.00 7.00
101-21 7.01 7.01 7.00 7.00
101-22 7.00 7.00 6.99 6.99
101-23 7.00 7.00 6.99 6.99
101-24 6.99 6.99 6.98 6.98
101-25 6.98 6.98 6.97 6.97
101-26 6.98 6.98 6.97 6.97
101-27 6.97 6.97 6.96 6.96
101-28 6.97 6.97 6.96 6.96
WAL: 7.11 7.11 6.84 6.84
WINDOW 3.08 3.08 0.83 0.83
BEGIN: 20030313 20030313 20030313 20030313
END: 20060313 20060313 20031213 20031213
MOD DUR: 5.40 5.40 5.25 5.25
CONVEX: 0.37 0.37 0.34 0.34
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
241 NOI decreases 5.0 %/yr. Loans with Balances greater than 70000000.0
(9.1% of Cut-Off Bal., 1% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
242 NOI decreases 5.0 %/yr. Loans with Balances greater than 30000000.0
(16.1% of Cut-Off Bal., 2% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
243 NOI decreases 5.0 %/yr. Loans with Balances greater than 24500000.0
(22.9% of Cut-Off Bal., 4% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1C AAA
CUR BALANCE: $321,000,000
CUR COUPON: 7.40000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-241 SCN-242 SCN-243
101-04 7.35 7.34 7.34 7.34
101-05 7.34 7.34 7.34 7.33
101-06 7.34 7.34 7.33 7.33
101-07 7.33 7.33 7.33 7.33
101-08 7.33 7.33 7.32 7.32
101-09 7.33 7.32 7.32 7.32
101-10 7.32 7.32 7.31 7.31
101-11 7.32 7.31 7.31 7.31
101-12 7.31 7.31 7.30 7.30
101-13 7.31 7.30 7.30 7.30
101-14 7.30 7.30 7.30 7.29
101-15 7.30 7.29 7.29 7.29
* 101-16 7.29 7.29 7.29 7.28
101-17 7.29 7.29 7.28 7.28
101-18 7.29 7.28 7.28 7.27
101-19 7.28 7.28 7.27 7.27
101-20 7.28 7.27 7.27 7.27
101-21 7.27 7.27 7.26 7.26
101-22 7.27 7.26 7.26 7.26
101-23 7.26 7.26 7.25 7.25
<PAGE>
101-24 7.26 7.25 7.25 7.25
101-25 7.25 7.25 7.25 7.24
101-26 7.25 7.25 7.24 7.24
101-27 7.25 7.24 7.24 7.23
101-28 7.24 7.24 7.23 7.23
WAL: 10.21 9.89 9.65 9.50
WINDOW 4.17 3.00 2.92 2.92
BEGIN: 20060313 20060313 20031213 20031213
END: 20100413 20090213 20061013 20061013
MOD DUR: 6.96 6.82 6.71 6.63
CONVEX: 0.64 0.61 0.58 0.57
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
241 NOI decreases 5.0 %/yr. Loans with Balances greater than 70000000.0
(9.1% of Cut-Off Bal., 1% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
242 NOI decreases 5.0 %/yr. Loans with Balances greater than 30000000.0
(16.1% of Cut-Off Bal., 2% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
243 NOI decreases 5.0 %/yr. Loans with Balances greater than 24500000.0
(22.9% of Cut-Off Bal., 4% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-CS2 AAAIO
CUR BALANCE: $623,691,525
CUR COUPON: 1.71550
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-241 SCN-242 SCN-243
11.608221 9.44 9.07 8.67 8.35
11.639471 9.38 9.01 8.61 8.29
11.670721 9.32 8.94 8.55 8.22
11.701971 9.25 8.88 8.48 8.16
11.733221 9.19 8.82 8.42 8.09
11.764471 9.13 8.75 8.36 8.03
11.795721 9.07 8.69 8.29 7.97
11.826971 9.01 8.63 8.23 7.90
11.858221 8.95 8.57 8.17 7.84
11.889471 8.89 8.51 8.11 7.78
11.920721 8.83 8.45 8.04 7.72
11.951971 8.77 8.39 7.98 7.65
* 11.983221 8.71 8.33 7.92 7.59
12.014471 8.65 8.26 7.86 7.53
12.045721 8.59 8.20 7.80 7.47
12.076971 8.53 8.15 7.74 7.41
12.108221 8.47 8.09 7.68 7.35
12.139471 8.42 8.03 7.62 7.29
12.170721 8.36 7.97 7.56 7.22
12.201971 8.30 7.91 7.50 7.16
12.233221 8.24 7.85 7.44 7.10
12.264471 8.19 7.79 7.38 7.04
12.295721 8.13 7.73 7.32 6.99
12.326971 8.07 7.68 7.26 6.93
12.358221 8.02 7.62 7.21 6.87
WAL: 5.58 5.37 5.23 5.10
WINDOW 14.92 14.92 14.92 14.92
BEGIN: 19961113 19961113 19961113 19961113
END: 20110913 20110913 20110913 20110913
MOD DUR: 4.40 4.32 4.27 4.22
<PAGE>
CONVEX: 0.31 0.30 0.29 0.28
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
241 NOI decreases 5.0 %/yr. Loans with Balances greater than 70000000.0
(9.1% of Cut-Off Bal., 1% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
242 NOI decreases 5.0 %/yr. Loans with Balances greater than 30000000.0
(16.1% of Cut-Off Bal., 2% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
243 NOI decreases 5.0 %/yr. Loans with Balances greater than 24500000.0
(22.9% of Cut-Off Bal., 4% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-1D AAA/AA
CUR BALANCE: $19,564,674
CUR COUPON: 7.47000
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-241 SCN-242 SCN-243
101-04 7.45 7.44 7.43 7.42
101-05 7.45 7.44 7.43 7.41
101-06 7.44 7.43 7.42 7.41
101-07 7.44 7.43 7.42 7.40
101-08 7.44 7.42 7.41 7.40
101-09 7.43 7.42 7.41 7.39
101-10 7.43 7.42 7.40 7.39
101-11 7.42 7.41 7.40 7.39
101-12 7.42 7.41 7.40 7.38
101-13 7.42 7.40 7.39 7.38
101-14 7.41 7.40 7.39 7.37
101-15 7.41 7.40 7.38 7.37
* 101-16 7.41 7.39 7.38 7.36
101-17 7.40 7.39 7.38 7.36
101-18 7.40 7.39 7.37 7.35
101-19 7.40 7.38 7.37 7.35
101-20 7.39 7.38 7.36 7.34
101-21 7.39 7.37 7.36 7.34
101-22 7.38 7.37 7.35 7.34
101-23 7.38 7.37 7.35 7.33
101-24 7.38 7.36 7.35 7.33
101-25 7.37 7.36 7.34 7.32
101-26 7.37 7.35 7.34 7.32
101-27 7.37 7.35 7.33 7.31
101-28 7.36 7.35 7.33 7.31
WAL: 14.08 12.47 11.21 9.97
WINDOW 1.08 0.25 2.50 0.08
BEGIN: 20100413 20090213 20061013 20061013
END: 20110413 20090413 20090313 20061013
MOD DUR: 8.48 7.90 7.38 6.84
CONVEX: 1.00 0.84 0.73 0.61
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
241 NOI decreases 5.0 %/yr. Loans with Balances greater than 70000000.0
(9.1% of Cut-Off Bal., 1% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
242 NOI decreases 5.0 %/yr. Loans with Balances greater than 30000000.0
(16.1% of Cut-Off Bal., 2% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
243 NOI decreases 5.0 %/yr. Loans with Balances greater than 24500000.0
(22.9% of Cut-Off Bal., 4% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
U.S. Treasury Curve
<PAGE>
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-2 AA
CUR BALANCE: $39,129,349
CUR COUPON: 7.42700
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-241 SCN-242 SCN-243
101-04 7.56 7.55 7.56 7.55
101-05 7.55 7.55 7.56 7.55
101-06 7.55 7.54 7.56 7.54
101-07 7.55 7.54 7.55 7.54
101-08 7.54 7.54 7.55 7.54
101-09 7.54 7.53 7.55 7.53
101-10 7.54 7.53 7.54 7.53
101-11 7.53 7.52 7.54 7.52
101-12 7.53 7.52 7.53 7.52
101-13 7.53 7.52 7.53 7.51
101-14 7.52 7.51 7.53 7.51
101-15 7.52 7.51 7.52 7.51
* 101-16 7.51 7.51 7.52 7.50
101-17 7.51 7.50 7.51 7.50
101-18 7.51 7.50 7.51 7.49
101-19 7.50 7.49 7.51 7.49
101-20 7.50 7.49 7.50 7.48
101-21 7.50 7.49 7.50 7.48
101-22 7.49 7.48 7.50 7.48
101-23 7.49 7.48 7.49 7.47
101-24 7.49 7.48 7.49 7.47
101-25 7.48 7.47 7.48 7.46
101-26 7.48 7.47 7.48 7.46
101-27 7.48 7.46 7.48 7.46
101-28 7.47 7.46 7.47 7.45
WAL: 14.59 13.65 12.86 11.20
WINDOW 0.25 2.17 2.08 3.75
BEGIN: 20110413 20090413 20090313 20061013
END: 20110613 20110513 20110313 20100613
MOD DUR: 8.63 8.30 8.02 7.34
CONVEX: 1.04 0.95 0.88 0.72
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
241 NOI decreases 5.0 %/yr. Loans with Balances greater than 70000000.0
(9.1% of Cut-Off Bal., 1% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
242 NOI decreases 5.0 %/yr. Loans with Balances greater than 30000000.0
(16.1% of Cut-Off Bal., 2% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
243 NOI decreases 5.0 %/yr. Loans with Balances greater than 24500000.0
(22.9% of Cut-Off Bal., 4% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-3 A
<PAGE>
CUR BALANCE: $35,216,414
CUR COUPON: 7.52600
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-241 SCN-242 SCN-243
101-04 7.66 7.67 7.70 7.75
101-05 7.66 7.66 7.70 7.74
101-06 7.65 7.66 7.69 7.74
101-07 7.65 7.66 7.69 7.74
101-08 7.65 7.65 7.69 7.73
101-09 7.64 7.65 7.68 7.73
101-10 7.64 7.64 7.68 7.73
101-11 7.63 7.64 7.68 7.72
101-12 7.63 7.64 7.67 7.72
101-13 7.63 7.63 7.67 7.72
101-14 7.62 7.63 7.67 7.71
101-15 7.62 7.63 7.66 7.71
* 101-16 7.62 7.62 7.66 7.70
101-17 7.61 7.62 7.65 7.70
101-18 7.61 7.62 7.65 7.70
101-19 7.61 7.61 7.65 7.69
101-20 7.60 7.61 7.64 7.69
101-21 7.60 7.60 7.64 7.69
101-22 7.60 7.60 7.64 7.68
101-23 7.59 7.60 7.63 7.68
101-24 7.59 7.59 7.63 7.68
101-25 7.58 7.59 7.63 7.67
101-26 7.58 7.59 7.62 7.67
101-27 7.58 7.58 7.62 7.66
101-28 7.57 7.58 7.62 7.66
WAL: 14.73 14.61 14.55 14.43
WINDOW 0.33 0.17 0.33 1.08
BEGIN: 20110613 20110513 20110313 20100613
END: 20110913 20110613 20110613 20110613
MOD DUR: 8.62 8.58 8.56 8.52
CONVEX: 1.04 1.03 1.02 1.01
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
241 NOI decreases 5.0 %/yr. Loans with Balances greater than 70000000.0
(9.1% of Cut-Off Bal., 1% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
242 NOI decreases 5.0 %/yr. Loans with Balances less than 30000000.0
(16.1% of Cut-Off Bal., 2% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
243 NOI decreases 5.0 %/yr. Loans with Balances greater than 24500000.0
(22.9% of Cut-Off Bal., 4% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-4 BBB
CUR BALANCE: $39,129,349
CUR COUPON: 7.82200
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-241 SCN-242 SCN-243
101-04 7.96 7.97 8.01 8.05
101-05 7.96 7.97 8.00 8.05
101-06 7.96 7.96 8.00 8.05
101-07 7.95 7.96 7.99 8.04
101-08 7.95 7.95 7.99 8.04
<PAGE>
101-09 7.94 7.95 7.99 8.04
101-10 7.94 7.95 7.98 8.03
101-11 7.94 7.94 7.98 8.03
101-12 7.93 7.94 7.98 8.02
101-13 7.93 7.94 7.97 8.02
101-14 7.93 7.93 7.97 8.02
101-15 7.92 7.93 7.97 8.01
* 101-16 7.92 7.93 7.96 8.01
101-17 7.92 7.92 7.96 8.01
101-18 7.91 7.92 7.95 8.00
101-19 7.91 7.91 7.95 8.00
101-20 7.90 7.91 7.95 7.99
101-21 7.90 7.91 7.94 7.99
101-22 7.90 7.90 7.94 7.99
101-23 7.89 7.90 7.94 7.98
101-24 7.89 7.90 7.93 7.98
101-25 7.89 7.89 7.93 7.98
101-26 7.88 7.89 7.93 7.97
101-27 7.88 7.89 7.92 7.97
101-28 7.88 7.88 7.92 7.97
WAL: 14.89 14.77 14.69 14.67
WINDOW 0.08 0.33 0.25 0.25
BEGIN: 20110913 20110613 20110613 20110613
END: 20110913 20110913 20110813 20110813
MOD DUR: 8.51 8.47 8.45 8.44
CONVEX: 1.03 1.02 1.01 1.01
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
241 NOI decreases 5.0 %/yr. Loans with Balances greater than 70000000.0
(9.1% of Cut-Off Bal., 1% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
242 NOI decreases 5.0 %/yr. Loans with Balances greater than 30000000.0
(16.1% of Cut-Off Bal., 2% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
243 NOI decreases 5.0 %/yr. Loans with Balances greater than 24500000.0
(22.9% of Cut-Off Bal., 4% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: A-5 BBB-
CUR BALANCE: $15,651,739
CUR COUPON: 8.16500
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-241 SCN-242 SCN-243
101-04 8.31 8.32 8.36 8.40
101-05 8.31 8.32 8.35 8.40
101-06 8.31 8.31 8.35 8.40
101-07 8.30 8.31 8.35 8.39
101-08 8.30 8.31 8.34 8.39
101-09 8.29 8.30 8.34 8.39
101-10 8.29 8.30 8.33 8.38
101-11 8.29 8.29 8.33 8.38
101-12 8.28 8.29 8.33 8.37
101-13 8.28 8.29 8.32 8.37
101-14 8.28 8.28 8.32 8.37
101-15 8.27 8.28 8.32 8.36
* 101-16 8.27 8.28 8.31 8.36
101-17 8.26 8.27 8.31 8.36
101-18 8.26 8.27 8.31 8.35
<PAGE>
101-19 8.26 8.26 8.30 8.35
101-20 8.25 8.26 8.30 8.35
101-21 8.25 8.26 8.29 8.34
101-22 8.25 8.25 8.29 8.34
101-23 8.24 8.25 8.29 8.33
101-24 8.24 8.25 8.28 8.33
101-25 8.24 8.24 8.28 8.33
101-26 8.23 8.24 8.28 8.32
101-27 8.23 8.23 8.27 8.32
101-28 8.22 8.23 8.27 8.32
WAL: 14.89 14.89 14.89 14.86
WINDOW 0.08 0.08 0.17 0.17
BEGIN: 20110913 20110913 20110813 20110813
END: 20110913 20110913 20110913 20110913
MOD DUR: 8.33 8.33 8.32 8.31
CONVEX: 1.00 1.00 0.99 0.99
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
241 NOI decreases 5.0 %/yr. Loans with Balances greater than 70000000.0
(9.1% of Cut-Off Bal., 1% of Loans) default when DSCR less 1.0, recovers 70% in
12 mo. Servicer Advances.
242 NOI decreases 5.0 %/yr. Loans with Balances greater than 30000000.0
(16.1% of Cut-Off Bal., 2% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
243 NOI decreases 5.0 %/yr. Loans with Balances greater than 24500000.0
(22.9% of Cut-Off Bal., 4% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-1 BB
CUR BALANCE: $43,042,284
CUR COUPON: 9.12527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-241 SCN-242 SCN-243
87-22+ 11.18 11.17 11.22 11.22
87-23+ 11.17 11.17 11.21 11.22
87-24+ 11.17 11.16 11.21 11.21
87-25+ 11.16 11.16 11.20 11.21
87-26+ 11.16 11.15 11.20 11.20
87-27+ 11.15 11.15 11.19 11.20
87-28+ 11.15 11.14 11.19 11.19
87-29+ 11.14 11.14 11.18 11.19
87-30+ 11.14 11.13 11.18 11.18
87-31+ 11.13 11.13 11.18 11.18
88-00+ 11.13 11.12 11.17 11.17
88-01+ 11.12 11.12 11.17 11.17
* 88-02+ 11.12 11.11 11.16 11.17
88-03+ 11.11 11.11 11.16 11.16
88-04+ 11.11 11.10 11.15 11.16
88-05+ 11.10 11.10 11.15 11.15
88-06+ 11.10 11.09 11.14 11.15
88-07+ 11.09 11.09 11.14 11.14
88-08+ 11.09 11.08 11.13 11.14
88-09+ 11.09 11.08 11.13 11.13
88-10+ 11.08 11.07 11.12 11.13
88-11+ 11.08 11.07 11.12 11.12
88-12+ 11.07 11.07 11.11 11.12
88-13+ 11.07 11.06 11.11 11.11
88-14+ 11.06 11.06 11.10 11.11
<PAGE>
WAL: 14.94 15.15 14.95 15.86
WINDOW 0.17 1.58 0.17 4.67
BEGIN: 20110913 20110913 20110913 20110913
END: 20111013 20130313 20111013 20160413
MOD DUR: 7.31 7.35 7.32 7.46
CONVEX: 0.82 0.83 0.82 0.87
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
241 NOI decreases 5.0 %/yr. Loans with Balances greater than 70000000.0
(9.1% of Cut-Off Bal., 1% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
242 NOI decreases 5.0 %/yr. Loans with Balances greater than 30000000.0
(16.1% of Cut-Off Bal., 2% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
243 NOI decreases 5.0 %/yr. Loans with Balances greater than 24500000.0
(22.9% of Cut-Off Bal., 4% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-2 B
CUR BALANCE: $27,390,544
CUR COUPON: 9.12527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-241 SCN-242 SCN-243
74-12+ 13.46 13.34 11.58 5.51
74-13+ 13.45 13.33 11.58 5.50
74-14+ 13.44 13.33 11.57 5.50
74-15+ 13.44 13.32 11.56 5.49
74-16+ 13.43 13.31 11.56 5.48
74-17+ 13.42 13.31 11.55 5.47
74-18+ 13.42 13.30 11.55 5.47
74-19+ 13.41 13.30 11.54 5.46
74-20+ 13.41 13.29 11.53 5.45
74-21+ 13.40 13.28 11.53 5.44
74-22+ 13.39 13.28 11.52 5.44
74-23+ 13.39 13.27 11.51 5.43
* 74-24+ 13.38 13.27 11.51 5.42
74-25+ 13.37 13.26 11.50 5.41
74-26+ 13.37 13.25 11.50 5.41
74-27+ 13.36 13.25 11.49 5.40
74-28+ 13.36 13.24 11.48 5.39
74-29+ 13.35 13.24 11.48 5.38
74-30+ 13.34 13.23 11.47 5.38
74-31+ 13.34 13.22 11.46 5.37
75-00+ 13.33 13.22 11.46 5.36
75-01+ 13.33 13.21 11.45 5.36
75-02+ 13.32 13.21 11.45 5.35
75-03+ 13.31 13.20 11.44 5.34
75-04+ 13.31 13.19 11.43 5.33
WAL: 15.71 17.02 18.19 22.63
WINDOW 1.50 3.17 9.67 4.17
BEGIN: 20111013 20130313 20111013 20170413
END: 20130313 20160413 20210513 20210513
MOD DUR: 6.77 6.93 6.71 5.63
CONVEX: 0.75 0.80 0.78 0.59
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
241 NOI decreases 5.0 %/yr. Loans with Balances greater than 70000000.0
(9.1% of Cut-Off Bal., 1% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
<PAGE>
242 NOI decreases 5.0 %/yr. Loans with Balances greater than 30000000.0
(16.1% of Cut-Off Bal., 2% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
243 NOI decreases 5.0 %/yr. Loans with Balances greater than 24500000.0
(22.9% of Cut-Off Bal., 4% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-3 B-
CUR BALANCE: $7,825,869
CUR COUPON: 9.12527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-241 SCN-242 SCN-243
63.843750 15.74 13.62 7.94 3.61
63.875000 15.73 13.61 7.93 3.60
63.906250 15.72 13.60 7.92 3.58
63.937500 15.71 13.60 7.90 3.57
63.968750 15.70 13.59 7.89 3.56
64.000000 15.70 13.58 7.88 3.54
64.031250 15.69 13.57 7.87 3.53
64.062500 15.68 13.56 7.86 3.52
64.093750 15.67 13.56 7.85 3.51
64.125000 15.67 13.55 7.84 3.49
64.156250 15.66 13.54 7.82 3.48
64.187500 15.65 13.53 7.81 3.47
* 64.218750 15.64 13.52 7.80 3.45
64.250000 15.63 13.52 7.79 3.44
64.281250 15.63 13.51 7.78 3.43
64.312500 15.62 13.50 7.77 3.42
64.343750 15.61 13.49 7.76 3.40
64.375000 15.60 13.48 7.74 3.39
64.406250 15.59 13.48 7.73 3.38
64.437500 15.59 13.47 7.72 3.36
64.468750 15.58 13.46 7.71 3.35
64.500000 15.57 13.45 7.70 3.34
64.531250 15.56 13.44 7.69 3.33
64.562500 15.56 13.44 7.68 3.31
64.593750 15.55 13.43 7.66 3.30
WAL: 16.39 20.30 5.05 4.04
WINDOW 0.08 5.17 10.00 8.00
BEGIN: 20130313 20160413 19961113 19961113
END: 20130313 20210513 20061013 20041013
MOD DUR: 6.18 6.05 4.26 3.79
CONVEX: 0.66 0.68 0.28 0.21
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
241 NOI decreases 5.0 %/yr. Loans with Balances greater than 70000000.0
(9.1% of Cut-Off Bal., 1% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
242 NOI decreases 5.0 %/yr. Loans with Balances greater than 30000000.0
(16.1% of Cut-Off Bal., 2% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
243 NOI decreases 5.0 %/yr. Loans with Balances 24500000.0(22.9% of
Cut-Off Bal., 4% of Loans) default when DSCR less than 1.0, recovers 70% in
12 mo. Servicer Advances.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
<PAGE>
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-4 UR
CUR BALANCE: $15,650,746
CUR COUPON: 9.12527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-241 SCN-242 SCN-243
39.140625 25.24 20.08 12.89 12.22
39.171875 25.22 20.06 12.86 12.19
39.203125 25.20 20.03 12.83 12.16
39.234375 25.18 20.00 12.80 12.13
39.265625 25.16 19.98 12.77 12.10
39.296875 25.14 19.95 12.74 12.06
39.328125 25.12 19.92 12.71 12.03
39.359375 25.10 19.90 12.68 12.00
39.390625 25.08 19.87 12.65 11.97
39.421875 25.06 19.84 12.61 11.94
39.453125 25.04 19.82 12.58 11.91
39.484375 25.02 19.79 12.55 11.88
* 39.515625 25.00 19.77 12.52 11.85
39.546875 24.98 19.74 12.49 11.81
39.578125 24.96 19.71 12.46 11.78
39.609375 24.94 19.69 12.43 11.75
39.640625 24.93 19.66 12.40 11.72
39.671875 24.91 19.64 12.37 11.69
39.703125 24.89 19.61 12.34 11.66
39.734375 24.87 19.58 12.31 11.63
39.765625 24.85 19.56 12.28 11.60
39.796875 24.83 19.53 12.25 11.57
39.828125 24.81 19.51 12.22 11.54
39.859375 24.79 19.48 12.19 11.51
39.890625 24.77 19.46 12.16 11.47
WAL: 18.70 4.54 3.19 3.03
WINDOW 8.25 9.00 9.00 6.00
BEGIN: 20130313 19961113 19961113 19961113
END: 20210513 20051013 20051013 20021013
MOD DUR: 4.03 3.03 2.60 2.54
CONVEX: 0.33 0.15 0.11 0.10
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
241 NOI decreases 5.0 %/yr. Loans with Balances greater than 70000000.0
(9.1% of Cut-Off Bal., 1% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
242 NOI decreases 5.0 %/yr. Loans with Balances greater than 30000000.0
(16.1% of Cut-Off Bal., 2% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
243 NOI decreases 5.0 %/yr. Loans with Balances greater than 24500000.0
(22.9% of Cut-Off Bal., 4% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
DEAL: ASC 1996-D3
SETTLE: Oct-22-1996
DATED: Oct-11-1996
NEXT PAY: Nov-13-1996
ACT. DELAY: 2
CLASS: B-4H UR H
CUR BALANCE: $1,001
CUR COUPON: 9.12527
Yield to Maturity is Corporate Bond Equivalent
----------- -------- -------- -------- --------
SCENARIO: SCN-1 SCN-241 SCN-242 SCN-243
<PAGE>
39.140625 25.24 20.08 12.89 12.22
39.171875 25.22 20.06 12.86 12.19
39.203125 25.20 20.03 12.83 12.16
39.234375 25.18 20.00 12.80 12.13
39.265625 25.16 19.98 12.77 12.10
39.296875 25.14 19.95 12.74 12.06
39.328125 25.12 19.92 12.71 12.03
39.359375 25.10 19.90 12.68 12.00
39.390625 25.08 19.87 12.65 11.97
39.421875 25.06 19.84 12.61 11.94
39.453125 25.04 19.82 12.58 11.91
39.484375 25.02 19.79 12.55 11.88
* 39.515625 25.00 19.77 12.52 11.85
39.546875 24.98 19.74 12.49 11.81
39.578125 24.96 19.71 12.46 11.78
39.609375 24.94 19.69 12.43 11.75
39.640625 24.93 19.66 12.40 11.72
39.671875 24.91 19.64 12.37 11.69
39.703125 24.89 19.61 12.34 11.66
39.734375 24.87 19.58 12.31 11.63
39.765625 24.85 19.56 12.28 11.60
39.796875 24.83 19.53 12.25 11.57
39.828125 24.81 19.51 12.22 11.54
39.859375 24.79 19.48 12.19 11.51
39.890625 24.77 19.46 12.16 11.47
WAL: 18.70 4.54 3.19 3.03
WINDOW 8.25 9.00 9.00 6.00
BEGIN: 20130313 19961113 19961113 19961113
END: 20210513 20051013 20051013 20021013
MOD DUR: 4.03 3.03 2.60 2.54
CONVEX: 0.33 0.15 0.11 0.10
SCENARIO:
1 No prepayment till Anticipated Repayment Date.
241 NOI decreases 5.0 %/yr. Loans with Balances greater than 70000000.0
(9.1% of Cut-Off Bal., 1% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
242 NOI decreases 5.0 %/yr. Loans with Balances greater than 30000000.0
(16.1% of Cut-Off Bal., 2% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
243 NOI decreases 5.0 %/yr. Loans with Balances greater than 24500000.0
(22.9% of Cut-Off Bal., 4% of Loans) default when DSCR less than 1.0, recovers
70% in 12 mo. Servicer Advances.
U.S. Treasury Curve
Term: 0.000 0.250 0.500 1.000 2.000 3.000 5.000 10.000 30.000
Yield: 5.438 5.120 5.272 5.545 5.904 6.063 6.283 6.550 6.835
Analysis Provided by Zapp, Version 3.4
<PAGE>
<TABLE>
<CAPTION>
Strats
- ------------------------------------------------------------------------------------------------------------------------------------
CROSS NO_OF PROP- PROP_ LOAN_
FLAG LOAN_NAME PROPERTY_NAME PROPS TYPE1 TYPE2 TYPE ORIG_AMT CURRENT_AMT
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Grogan's Mills Grogan's Mills 1 RETL UNANCHORED HYPER 1,090,000 1,089,147
- ------------------------------------------------------------------------------------------------------------------------------------
Branch Avenue Plaza Branch Avenue Plaza 1 RETL UNANCHORED HYPER 2,075,000 2,071,701
- ------------------------------------------------------------------------------------------------------------------------------------
Towne Pointe Towne Pointe 1 RETL UNANCHORED HYPER 6,550,000 6,546,799
- ------------------------------------------------------------------------------------------------------------------------------------
Charles Company II 3 RETL UNANCHORED HYPER 6,800,000 6,800,000
- ------------------------------------------------------------------------------------------------------------------------------------
X Charles Company I Van Ness 2 RETL UNANCHORED HYPER 7,005,000 7,005,000
- ------------------------------------------------------------------------------------------------------------------------------------
Anchorage Shopping Center Anchorage Shopping Center 1 RETL UNANCHORED HYPER 28,250,000 28,250,000
- ------------------------------------------------------------------------------------------------------------------------------------
Country Club Corners Country Club Corners 1 RETL ANCHORED HYPER 1,100,000 1,093,650
- ------------------------------------------------------------------------------------------------------------------------------------
Casas Adobes Casas Adobes 1 RETL ANCHORED HYPER 2,165,000 2,161,661
- ------------------------------------------------------------------------------------------------------------------------------------
I. Goldberg Shopping Center I. Goldberg Shopping Center 1 RETL ANCHORED HYPER 2,550,000 2,540,950
- ------------------------------------------------------------------------------------------------------------------------------------
Market at Uvalde Market at Uvalde 1 RETL ANCHORED HYPER 2,750,000 2,744,750
- ------------------------------------------------------------------------------------------------------------------------------------
Crestview Plaza Crestview Plaza 1 RETL ANCHORED HYPER 4,370,000 4,363,076
- ------------------------------------------------------------------------------------------------------------------------------------
Bolsa Marketplace Bolsa Marketplace 1 RETL ANCHORED HYPER 4,875,000 4,868,179
- ------------------------------------------------------------------------------------------------------------------------------------
Val Vista Crossing Val Vista Crossing 1 RETL ANCHORED HYPER 5,251,548 5,242,812
- ------------------------------------------------------------------------------------------------------------------------------------
Paradise Valley Paradise Valley 1 RETL ANCHORED HYPER 5,400,000 5,388,601
- ------------------------------------------------------------------------------------------------------------------------------------
Alderwood Village Alderwood Village 1 RETL ANCHORED HYPER 5,600,000 5,585,493
- ------------------------------------------------------------------------------------------------------------------------------------
X Beltway II Hechinger's Plaza 2 RETL ANCHORED HYPER 5,760,000 5,744,796
- ------------------------------------------------------------------------------------------------------------------------------------
Simi Valley Plaza Simi Valley Plaza 1 RETL ANCHORED HYPER 16,385,496 16,357,401
- ------------------------------------------------------------------------------------------------------------------------------------
X Pinnacle Retail Portfolio Brookhaven 8 RETL ANCHORED HYPER 16,714,999 16,714,999
- ------------------------------------------------------------------------------------------------------------------------------------
Lake Arrowhead Village Lake Arrowhead Village 1 RETL ANCHORED HYPER 19,800,000 19,789,627
- ------------------------------------------------------------------------------------------------------------------------------------
144,358,642
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
9300 Wilshire Blvd. 9300 Wilshire Blvd. 1 OFFC OFFC HYPER 4,123,000 4,107,649
- ------------------------------------------------------------------------------------------------------------------------------------
First Tennessee Bank Building First Tennessee Bank Building 1 OFFC OFFC HYPER 5,873,000 5,853,895
- ------------------------------------------------------------------------------------------------------------------------------------
Crosspointe Crosspointe 1 OFFC OFFC HYPER 6,500,000 6,494,134
- ------------------------------------------------------------------------------------------------------------------------------------
Sacramento Office Building Sacramento Office 1 OFFC OFFC HYPER 16,575,000 16,527,580
- ------------------------------------------------------------------------------------------------------------------------------------
1010 Northern Boulvard 1010 Northern Boulvard 1 OFFC OFFC HYPER 19,500,000 19,500,000
- ------------------------------------------------------------------------------------------------------------------------------------
Atlanta Decorative Art Center Atlanta Decorative Art Center 1 OFFC OFFC HYPER 23,100,000 23,040,712
- ------------------------------------------------------------------------------------------------------------------------------------
Malibu Canyon Office Park Malibu Canyon Office Park 1 OFFC OFFC HYPER 25,000,000 25,000,000
- ------------------------------------------------------------------------------------------------------------------------------------
100,523,971
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Medford Nursing Home Medford Nursing Home 1 NURS NURS BALLOON 2,550,000 2,544,390
- ------------------------------------------------------------------------------------------------------------------------------------
Westwood Plaza Westwood Plaza 1 NURS NURS HYPER 2,822,000 2,806,675
- ------------------------------------------------------------------------------------------------------------------------------------
Santa Rita Care Center Santa Rita Care Center 1 NURS NURS HYPER 3,825,000 3,813,383
- ------------------------------------------------------------------------------------------------------------------------------------
Camelot Care Center Camelot Care Center 1 NURS NURS BALLOON 12,000,000 11,967,095
- ------------------------------------------------------------------------------------------------------------------------------------
21,131,543
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Leaden Hall II Med Centre Leaden Hall II Med Centre 1 MIXED MIXED HYPER 2,600,000 2,595,943
- ------------------------------------------------------------------------------------------------------------------------------------
2,595,943
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 1
<PAGE>
<TABLE>
<CAPTION>
Strats
<S> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
Phoenix West Mobile Home Park Phoenix West Mobile Home Park 1 MHP MHP BALLOON 850,000 848,552
- ------------------------------------------------------------------------------------------------------------------------------------
Mobile Estates Mobile Estates 1 MHP MHP BALLOON 860,000 859,272
- ------------------------------------------------------------------------------------------------------------------------------------
Solana Y. Sombra Solana Y. Sombra 1 MHP MHP BALLOON 988,000 982,656
- ------------------------------------------------------------------------------------------------------------------------------------
Cactus Wren MHP Cactus Wren MHP 1 MHP MHP BALLOON 996,000 994,950
- ------------------------------------------------------------------------------------------------------------------------------------
Mobile Gardens MHP Mobile Gardens MHP 1 MHP MHP BALLOON 1,050,000 1,047,443
- ------------------------------------------------------------------------------------------------------------------------------------
Locust Grove MHP Locust Grove MHP 1 MHP MHP BALLOON 1,300,000 1,292,614
- ------------------------------------------------------------------------------------------------------------------------------------
Silver Sands RV Resort Silver Sands RV Resort 1 MHP MHP HYPER 1,355,000 1,352,928
- ------------------------------------------------------------------------------------------------------------------------------------
Galway Bay Galway Bay 1 MHP MHP FULLY 1,550,000 1,543,086
- ------------------------------------------------------------------------------------------------------------------------------------
Coachland MHP Coachland MHP 1 MHP MHP BALLOON 1,700,000 1,690,881
- ------------------------------------------------------------------------------------------------------------------------------------
Ridgewood MHP Ridgewood MHP 1 MHP MHP BALLOON 1,700,000 1,699,102
- ------------------------------------------------------------------------------------------------------------------------------------
Royal Palm MHP Royal Palm MHP 1 MHP MHP FULLY 1,725,000 1,715,640
- ------------------------------------------------------------------------------------------------------------------------------------
Tara - MHP Tara - MHP 1 MHP MHP BALLOON 1,781,000 1,775,194
- ------------------------------------------------------------------------------------------------------------------------------------
Johanna Woods Johanna Woods 1 MHP MHP BALLOON 1,800,000 1,797,015
- ------------------------------------------------------------------------------------------------------------------------------------
Crystal Lake MHP Crystal Lake MHP 1 MHP MHP BALLOON 1,927,000 1,915,126
- ------------------------------------------------------------------------------------------------------------------------------------
Ravines MHP Ravines MHP 1 MHP MHP BALLOON 1,968,000 1,964,883
- ------------------------------------------------------------------------------------------------------------------------------------
Gwinnett Estates Gwinnett Estates 1 MHP MHP BALLOON 2,029,000 2,022,104
- ------------------------------------------------------------------------------------------------------------------------------------
X Chateau Oaks Chateau Forrest 2 MHP MHP HYPER 2,500,000 2,498,516
- ------------------------------------------------------------------------------------------------------------------------------------
Woodridge Estates Woodridge Estates 1 MHP MHP BALLOON 2,700,000 2,697,136
- ------------------------------------------------------------------------------------------------------------------------------------
Brookwood MHP Brookwood MHP 1 MHP MHP BALLOON 2,755,000 2,742,933
- ------------------------------------------------------------------------------------------------------------------------------------
Franklin Estates Franklin Estates 1 MHP MHP BALLOON 3,272,000 3,260,879
- ------------------------------------------------------------------------------------------------------------------------------------
M&M Mobile Villa M&M Mobile Villa 1 MHP MHP BALLOON 3,525,000 3,512,919
- ------------------------------------------------------------------------------------------------------------------------------------
Marysville Estate Marysville Estate 1 MHP MHP BALLOON 4,233,000 4,228,510
- ------------------------------------------------------------------------------------------------------------------------------------
X Wingray Hawaiian Gardens 4 MHP MHP BALLOON 7,875,000 7,841,350
- ------------------------------------------------------------------------------------------------------------------------------------
50,283,691
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Georgian Heights Apartments Georgian Heights Apartments 1 MF MF HYPER 1,288,000 1,287,277
- ------------------------------------------------------------------------------------------------------------------------------------
Red Carpet Apartments Red Carpet Apartments 1 MF MF HYPER 1,400,000 1,399,219
- ------------------------------------------------------------------------------------------------------------------------------------
Grandmont Gardens Grandmont Gardens 1 MF MF BALLOON 1,619,000 1,617,452
- ------------------------------------------------------------------------------------------------------------------------------------
Cardinal Village Apartments Cardinal Village Apartments 1 MF MF BALLOON 1,677,000 1,667,550
- ------------------------------------------------------------------------------------------------------------------------------------
Stratford Arms Apartments Stratford Arms Apartments 1 MF MF BALLOON 1,871,000 1,860,457
- ------------------------------------------------------------------------------------------------------------------------------------
Park Hallow Apartments Park Hallow Apartments 1 MF MF BALLOON 1,875,000 1,861,647
- ------------------------------------------------------------------------------------------------------------------------------------
Maple Park Terrace Apartments Maple Park Terrace Apartments 1 MF MF FULLY 2,500,000 2,495,973
- ------------------------------------------------------------------------------------------------------------------------------------
Foothill Courtyard Apatments Foothill Courtyard Apatments 1 MF MF HYPER 2,633,000 2,631,488
- ------------------------------------------------------------------------------------------------------------------------------------
122-124 Duane Street 122-124 Duane Street 1 MF MF HYPER 3,070,000 3,041,009
- ------------------------------------------------------------------------------------------------------------------------------------
Fox Glen Apartments Fox Glen Apartments 1 MF MF FULLY 3,800,000 3,793,878
- ------------------------------------------------------------------------------------------------------------------------------------
Cypress Grove Apartments Cypress Grove Apartments 1 MF MF BALLOON 4,116,000 4,092,036
- ------------------------------------------------------------------------------------------------------------------------------------
Monroe Gardens Monroe Gardens 1 MF MF HYPER 4,298,000 4,274,524
- ------------------------------------------------------------------------------------------------------------------------------------
Pecan Crossing Pecan Crossing 1 MF MF HYPER 4,850,000 4,847,134
- ------------------------------------------------------------------------------------------------------------------------------------
Charleston Park Charleston Park 1 MF MF HYPER 5,212,500 5,209,635
- ------------------------------------------------------------------------------------------------------------------------------------
Regency Towers Regency Towers 1 MF MF HYPER 5,600,000 5,591,168
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 2
<PAGE>
<TABLE>
<CAPTION>
Strats
<S> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
Gramercy Apts Gramercy Apts 1 MF MF HYPER 5,875,000 5,875,000
- ------------------------------------------------------------------------------------------------------------------------------------
Ridgewood Village Apartments Ridgewood Village Apartments 1 MF MF HYPER 7,113,000 7,108,874
- ------------------------------------------------------------------------------------------------------------------------------------
RCA-Addison RCA-Addison 1 MF MF HYPER 13,530,000 13,530,000
- ------------------------------------------------------------------------------------------------------------------------------------
Village Squire Apartments Village Squire Apartments 1 MF MF HYPER 15,000,000 14,930,537
- ------------------------------------------------------------------------------------------------------------------------------------
X Ambassador Apartments Westway Village 4 MF MF HYPER 16,100,000 16,043,236
- ------------------------------------------------------------------------------------------------------------------------------------
Mariner's Village Mariner's Village 1 MF MF BALLOON 54,866,945 54,709,251
- ------------------------------------------------------------------------------------------------------------------------------------
X Pacific Properties Montego Bay 6 MF MF HYPER 68,500,000 68,458,716
- ------------------------------------------------------------------------------------------------------------------------------------
226,326,060
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
East Street Trading Center East Street Trading Center 1 IND IND HYPER 2,948,000 2,935,879
- ------------------------------------------------------------------------------------------------------------------------------------
Lee Park Lee Park 1 IND IND HYPER 24,400,000 24,365,401
- ------------------------------------------------------------------------------------------------------------------------------------
27,301,279
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Farmville Super 8 Farmville Super 8 1 HOTL LTD HYPER 553,326 549,669
- ------------------------------------------------------------------------------------------------------------------------------------
Havre de Grace Super 8 Havre de Grace Super 8 1 HOTL LTD HYPER 699,992 693,863
- ------------------------------------------------------------------------------------------------------------------------------------
Comfort Inn - North Carolina Comfort Inn - North Carolina 1 HOTL LTD FULLY 1,674,000 1,657,038
- ------------------------------------------------------------------------------------------------------------------------------------
Country Hearth Inn - Findlay Country Hearth Inn - Findlay 1 HOTL LTD HYPER 1,711,000 1,706,912
- ------------------------------------------------------------------------------------------------------------------------------------
Country Hearth Inn - Auburn Country Hearth Inn - Auburn 1 HOTL LTD HYPER 1,809,000 1,804,678
- ------------------------------------------------------------------------------------------------------------------------------------
Best Western-Monterey Best Western-Monterey 1 HOTL LTD HYPER 1,819,000 1,816,523
- ------------------------------------------------------------------------------------------------------------------------------------
Best Western McMinnville Best Western McMinnville 1 HOTL LTD HYPER 1,930,000 1,925,058
- ------------------------------------------------------------------------------------------------------------------------------------
Holiday Inn Express - Douglasville Holiday Inn Express - Douglasville 1 HOTL LTD HYPER 2,080,000 2,071,925
- ------------------------------------------------------------------------------------------------------------------------------------
Ramada Limited-Denver North Ramada Limited-Denver North 1 HOTL LTD HYPER 2,100,000 2,097,136
- ------------------------------------------------------------------------------------------------------------------------------------
Days Inn-San Jose Days Inn-San Jose 1 HOTL LTD HYPER 2,275,000 2,273,351
- ------------------------------------------------------------------------------------------------------------------------------------
Holiday Inn - Salt Lake Holiday Inn - Salt Lake 1 HOTL LTD HYPER 2,300,000 2,287,558
- ------------------------------------------------------------------------------------------------------------------------------------
Best Western (Morristown Inn) Best Western (Morristown Inn) 1 HOTL LTD HYPER 2,310,000 2,306,795
- ------------------------------------------------------------------------------------------------------------------------------------
Best Western - Goodyear Best Western - Goodyear 1 HOTL LTD HYPER 2,500,000 2,475,763
- ------------------------------------------------------------------------------------------------------------------------------------
Comfort Inn - Salisbury Comfort Inn - Salisbury 1 HOTL LTD HYPER 3,150,000 3,135,456
- ------------------------------------------------------------------------------------------------------------------------------------
Best Western-Dorsey Best Western-Dorsey 1 HOTL LTD HYPER 3,450,000 3,447,496
- ------------------------------------------------------------------------------------------------------------------------------------
Hampton Inn - Indianapolis Hampton Inn - Indianapolis 1 HOTL LTD HYPER 3,750,000 3,721,857
- ------------------------------------------------------------------------------------------------------------------------------------
Hampton Inn - Memphis Hampton Inn - Memphis 1 HOTL LTD HYPER 3,800,000 3,786,623
- ------------------------------------------------------------------------------------------------------------------------------------
Comfort Inn - Goodyear Comfort Inn - Goodyear 1 HOTL LTD FULLY 3,900,000 3,859,630
- ------------------------------------------------------------------------------------------------------------------------------------
Best Western - Galveston Best Western - Galveston 1 HOTL LTD HYPER 4,062,000 4,045,482
- ------------------------------------------------------------------------------------------------------------------------------------
Barcelona Court Barcelona Court 1 HOTL LTD HYPER 4,700,000 4,686,890
- ------------------------------------------------------------------------------------------------------------------------------------
Hotel Grand Victorian Hotel Grand Victorian 1 HOTL LTD HYPER 4,795,000 4,777,119
- ------------------------------------------------------------------------------------------------------------------------------------
X Riva Office/Hotel Days Inn - Annapolis 2 HOTL LTD HYPER 5,300,000 5,287,224
- ------------------------------------------------------------------------------------------------------------------------------------
x Owensboro Hotels Holiday Inn - Owensboro 2 HOTL LTD HYPER 5,530,000 5,473,958
- ------------------------------------------------------------------------------------------------------------------------------------
Hampton Inn - Key West Hampton Inn - Key West 1 HOTL LTD HYPER 8,690,000 8,665,399
- ------------------------------------------------------------------------------------------------------------------------------------
X Slavik Suites Comfort Inn - Mystic 6 HOTL LTD HYPER 17,000,000 16,961,456
- ------------------------------------------------------------------------------------------------------------------------------------
Quality Inn Roanoke Quality Inn Roanoke 1 HOTL FULL HYPER 1,500,000 1,498,132
- ------------------------------------------------------------------------------------------------------------------------------------
Torrance Plaza Hotel Torrance Plaza Hotel 1 HOTL FULL HYPER 2,642,000 2,638,347
- ------------------------------------------------------------------------------------------------------------------------------------
Holiday Inn-Denton Holiday Inn-Denton 1 HOTL FULL HYPER 2,703,000 2,699,491
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 3
<PAGE>
<TABLE>
<CAPTION>
Strats
<S> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
Ramada Inn Williamsburg Ramada Inn Williamsburg 1 HOTL FULL HYPER 3,635,000 3,621,088
- ------------------------------------------------------------------------------------------------------------------------------------
Holiday Inn - Monroe Holiday Inn - Monroe 1 HOTL FULL HYPER 3,725,000 3,710,781
- ------------------------------------------------------------------------------------------------------------------------------------
Best Western - Sunrise Redondo Beach Best Western - Sunrise Redondo Beach 1 HOTL FULL HYPER 4,400,000 4,393,851
- ------------------------------------------------------------------------------------------------------------------------------------
Best Western - Lafayette Best Western - Lafayette 1 HOTL FULL FULLY 5,000,000 4,956,197
- ------------------------------------------------------------------------------------------------------------------------------------
Holiday Inn -- Wilmington Holiday Inn -- Wilmington 1 HOTL FULL HYPER 7,300,000 7,280,643
- ------------------------------------------------------------------------------------------------------------------------------------
Days Inn - Merchandise Mart Days Inn - Merchandise Mart 1 HOTL FULL HYPER 16,000,000 16,000,000
- ------------------------------------------------------------------------------------------------------------------------------------
Hyatt Regency/Riverwalk-San Antonio Hyatt Regency/Riverwalk-San Antonio 1 HOTL FULL HYPER 71,000,000 70,939,362
- ------------------------------------------------------------------------------------------------------------------------------------
209,252,753
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
783,334,806 781,773,882
- ------------------------------------------------------------------------------------------------------------------------------------
0 0
====================================================================================================================================
Total 112 143 783,334,806 781,773,882
Wtd Avg
Average 6,932,166 6,918,353
Count
Min 553,326 549,669
Max 71,000,000 70,939,362
====================================================================================================================================
</TABLE>
Page 4
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
Strats
- ------------------------------------------------------------------------------------------------------------------------------------
AMT_PER_ VALUE_PER_ FINAL
UNIT RATE A_YR_DS DSCR VALUE UNIT LTV BALLOON BALLOON BLTV AMORT
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
65 9.780% 116,835.60 1.37 1,800,000 108 61% 917,492 $917,492.35 51.0% 300
- ------------------------------------------------------------------------------------------------------------------------------------
26 9.710% 221,196.36 1.26 2,900,000 37 71% 1,744,009 $1,744,008.97 60.1% 300
- ------------------------------------------------------------------------------------------------------------------------------------
89 9.530% 662,632.56 1.27 9,000,000 122 73% 5,911,561 $5,911,561.35 65.7% 360
- ------------------------------------------------------------------------------------------------------------------------------------
155 9.450% 710,102.40 1.34 10,200,000 233 67% 5,828,863.22 799,133.41 57.1% 300
- ------------------------------------------------------------------------------------------------------------------------------------
6.6% 109 9.450% 731,509.92 1.33 10,600,000 165 66% 6,004,585.96 823,222.46 56.6% 300
- ------------------------------------------------------------------------------------------------------------------------------------
51,762,647 359 8.850% 2,742,851.16 1.34 43,600,000 554 65% 23,509,974.10 3,626,793.43 53.9% 330
- ------------------------------------------------------------------------------------------------------------------------------------
22 9.380% 122,008.80 1.30 1,850,000 38 59% 789,753 $789,753.19 42.7% 240
- ------------------------------------------------------------------------------------------------------------------------------------
31 9.890% 234,068.88 1.41 4,900,000 70 44% 1,826,576 $1,826,575.94 37.3% 300
- ------------------------------------------------------------------------------------------------------------------------------------
63 9.100% 258,892.80 1.28 3,600,000 89 71% 2,288,574 $2,288,574.27 63.6% 300
- ------------------------------------------------------------------------------------------------------------------------------------
64 9.700% 282,309.96 1.34 3,600,000 84 76% 2,488,901 $2,488,900.98 69.1% 360
- ------------------------------------------------------------------------------------------------------------------------------------
54 9.730% 466,578.36 1.32 6,470,000 81 67% 3,674,491 $3,674,490.63 56.8% 300
- ------------------------------------------------------------------------------------------------------------------------------------
56 9.790% 504,324.60 1.36 6,500,000 75 75% 3,958,117 $3,958,117.33 60.9% 360
- ------------------------------------------------------------------------------------------------------------------------------------
55 9.080% 510,693.48 1.30 7,800,000 81 67% 4,811,702.66 958,989.52 61.7% 360
- ------------------------------------------------------------------------------------------------------------------------------------
62 9.220% 531,685.56 1.46 8,850,000 101 61% 4,848,013 $4,848,012.70 54.8% 360
- ------------------------------------------------------------------------------------------------------------------------------------
51 9.240% 575,025.00 1.41 8,200,000 75 68% 4,658,668 $4,658,667.96 56.8% 300
- ------------------------------------------------------------------------------------------------------------------------------------
57 8.920% 552,181.08 1.46 8,150,000 80 70% 5,259,751.86 996,828.39 64.5% 360
- ------------------------------------------------------------------------------------------------------------------------------------
11.8% 74 8.980% 1,579,268.16 1.40 23,500,000 107 70% 14,981,027.35 2,888,819.60 63.7% 360
- ------------------------------------------------------------------------------------------------------------------------------------
64.1% 23 9.500% 1,752,460.80 1.30 24,900,000 35 67% 14,346,212.29 1,994,562.38 57.6% 300
- ------------------------------------------------------------------------------------------------------------------------------------
92,595,996 87 9.200% 1,946,073.84 1.34 28,500,000 125 69% 16,601,465.67 3,714,930.79 58.3% 360
- ------------------------------------------------------------------------------------------------------------------------------------
18.5% 9.234% 1.35 67.505% 58.236% 333.13
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
73 10.170% 455,531.52 1.43 5,700,000 101 72% 2,852,194 $2,852,193.53 50.0% 300
- ------------------------------------------------------------------------------------------------------------------------------------
14 9.885% 612,496.68 1.76 12,900,000 31 45% 4,781,032 $4,781,032.23 37.1% 360
- ------------------------------------------------------------------------------------------------------------------------------------
34 8.930% 650,838.24 1.45 9,400,000 50 69% 5,818,887 $5,818,886.61 61.9% 300
- ------------------------------------------------------------------------------------------------------------------------------------
85 9.380% 1,721,220.24 1.33 24,350,000 126 68% 11,818,515.84 1,918,346.62 48.5% 300
- ------------------------------------------------------------------------------------------------------------------------------------
116 9.250% 1,925,060.52 1.26 26,900,000 160 72% 17,928,834.10 3,758,182.65 66.6% 360
- ------------------------------------------------------------------------------------------------------------------------------------
54 9.750% 2,537,719.56 1.34 41,000,000 95 56% 18,815,478.07 2,238,442.51 45.9% 270
- ------------------------------------------------------------------------------------------------------------------------------------
78 8.86% 2,383,709.40 1.44 36,000,000 112 69% 20,691,853.06 4,201,822.63 57.5% 360
- ------------------------------------------------------------------------------------------------------------------------------------
12.9% 9.34% 1.38 65.42% 53.92% 323.18
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
30,290 10.210% 282,605.16 1.79 3,400,000 40,476 75% 2,165,579 $2,550,000.00 63.7% 300
- ------------------------------------------------------------------------------------------------------------------------------------
37,422 9.860% 323,660.04 1.52 4,250,000 56,667 66% 2,053,003 $2,053,003.03 48.3% 240
- ------------------------------------------------------------------------------------------------------------------------------------
32,593 10.030% 418,064.76 1.34 5,100,000 43,590 75% 3,236,473 $3,236,472.61 63.5% 300
- ------------------------------------------------------------------------------------------------------------------------------------
31,410 10.630% 1,373,013.48 1.65 17,400,000 45,669 69% 8,433,913 $12,000,000.00 48.5% 300
- ------------------------------------------------------------------------------------------------------------------------------------
2.7% 10.369% 1.59 70.224% 52.987% 292.03
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
56 9.820% 279,565.44 1.31 4,450,000 95 58% 1,776,289 $1,776,289.20 39.9% 300
- ------------------------------------------------------------------------------------------------------------------------------------
0.3%
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 5
<PAGE>
<TABLE>
<CAPTION>
Strats
- ------------------------------------------------------------------------------------------------------------------------------------
AMT_PER_ VALUE_PER_ FINAL
UNIT RATE A_YR_DS DSCR VALUE UNIT LTV BALLOON BALLOON BLTV AMORT
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
514,556,103 9,753 9.300% 87,703.08 1.40 1,280,000 14,713 66% 708,067 $850,000.00 55.3% 300
- ------------------------------------------------------------------------------------------------------------------------------------
9,045 9.310% 88,806.24 1.73 1,340,000 14,105 64% 716,556 $860,000.00 53.5% 300
- ------------------------------------------------------------------------------------------------------------------------------------
10,566 9.050% 99,901.32 1.61 1,350,000 14,516 73% 400,584 $988,000.00 29.7% 300
- ------------------------------------------------------------------------------------------------------------------------------------
10,050 9.190% 97,806.96 1.36 1,475,000 14,899 67% 893,721 $996,000.00 60.6% 360
- ------------------------------------------------------------------------------------------------------------------------------------
6,125 9.610% 111,050.76 1.54 1,500,000 8,772 70% 880,624 $1,050,000.00 58.7% 300
- ------------------------------------------------------------------------------------------------------------------------------------
13,057 8.750% 128,254.44 1.38 2,060,000 20,808 63% 1,069,376 $1,300,000.00 51.9% 300
- ------------------------------------------------------------------------------------------------------------------------------------
7,601 9.940% 147,067.56 1.36 2,025,000 11,376 67% 929,734 $929,733.81 45.9% 300
- ------------------------------------------------------------------------------------------------------------------------------------
8,072,950 9,077 9.090% 157,238.40 2.00 3,430,000 20,176 45% 5 $1,550,000.00 0.0% 300
- ------------------------------------------------------------------------------------------------------------------------------------
9,342 9.100% 172,595.16 1.55 2,670,000 14,751 63% 1,409,782 $1,700,000.00 52.8% 300
- ------------------------------------------------------------------------------------------------------------------------------------
17,517 9.160% 166,497.00 1.40 2,375,000 24,485 72% 1,524,627 $1,700,000.00 64.2% 360
- ------------------------------------------------------------------------------------------------------------------------------------
15,318 9.030% 174,139.08 1.64 2,700,000 24,107 64% 2 $1,725,000.00 0.0% 300
- ------------------------------------------------------------------------------------------------------------------------------------
8,966 9.610% 188,363.28 1.31 2,450,000 12,374 72% 1,207,450 $1,781,000.00 49.3% 300
- ------------------------------------------------------------------------------------------------------------------------------------
7,488 9.460% 188,118.24 1.64 2,500,000 10,417 72% 1,504,735 $1,800,000.00 60.2% 300
- ------------------------------------------------------------------------------------------------------------------------------------
10,944 8.250% 182,321.16 1.50 2,675,000 15,286 72% 1,706,845 $1,927,000.00 63.8% 300
- ------------------------------------------------------------------------------------------------------------------------------------
8,811 9.200% 193,428.00 1.35 2,900,000 13,004 68% 1,766,215 $1,968,000.00 60.9% 360
- ------------------------------------------------------------------------------------------------------------------------------------
10,111 9.360% 210,363.00 1.29 2,800,000 14,000 72% 1,362,818 $2,029,000.00 48.7% 300
- ------------------------------------------------------------------------------------------------------------------------------------
18,621,547 11,955 8.600% 232,803.48 1.40 3,500,000 16,746 71% 2,329,863 $2,329,862.67 66.6% 360
- ------------------------------------------------------------------------------------------------------------------------------------
7,471 9.160% 264,436.32 1.36 3,500,000 9,695 77% 2,421,468 $2,700,000.00 69.2% 360
- ------------------------------------------------------------------------------------------------------------------------------------
9,624 9.200% 281,980.08 1.26 3,675,000 12,895 75% 2,289,843 $2,755,000.00 62.3% 300
- ------------------------------------------------------------------------------------------------------------------------------------
12,688 9.360% 339,234.96 1.27 4,600,000 17,899 71% 2,197,704 $3,272,000.00 47.8% 300
- ------------------------------------------------------------------------------------------------------------------------------------
14,280 9.310% 364,002.36 1.31 5,300,000 21,545 66% 1,450,733 $3,525,000.00 27.4% 300
- ------------------------------------------------------------------------------------------------------------------------------------
#DIV/0! 9.160% 414,577.44 1.44 5,790,000 #DIV/0! 73% 3,796,323 $4,233,000.00 65.6% 360
- ------------------------------------------------------------------------------------------------------------------------------------
7,834 9.357% 816,373.20 1.34 12,400,000 12,388 63% 5,285,418 $7,875,000.00 42.6% 300
- ------------------------------------------------------------------------------------------------------------------------------------
6.4% 9.205% 1.41 68.320% 49.610% 316.80
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
17,879 8.870% 122,920.68 1.30 1,800,000 25,000 72% 1,149,128 $1,149,127.50 63.8% 360
- ------------------------------------------------------------------------------------------------------------------------------------
17,064 8.900% 133,969.56 1.29 1,905,000 23,232 73% 1,249,756 $1,249,755.91 65.6% 360
- ------------------------------------------------------------------------------------------------------------------------------------
21,282 8.580% 157,488.24 1.47 2,250,000 29,605 72% 1,326,417 $1,619,000.00 59.0% 300
- ------------------------------------------------------------------------------------------------------------------------------------
12,444 8.800% 166,132.32 1.32 2,910,000 21,716 57% 1,498,322 $1,677,000.00 51.5% 300
- ------------------------------------------------------------------------------------------------------------------------------------
12,743 8.800% 185,351.04 1.28 3,200,000 21,918 58% 1,671,651 $1,871,000.00 52.2% 300
- ------------------------------------------------------------------------------------------------------------------------------------
10,887 8.330% 178,605.72 1.51 2,500,000 14,620 74% 1,526,859 $1,875,000.00 61.1% 300
- ------------------------------------------------------------------------------------------------------------------------------------
13,565 8.420% 258,829.92 1.98 5,000,000 27,174 50% 3 $2,500,000.00 0.0% 240
- ------------------------------------------------------------------------------------------------------------------------------------
24,366 8.760% 248,791.56 1.38 3,350,000 31,019 79% 2,344,395 $2,344,394.83 70.0% 360
- ------------------------------------------------------------------------------------------------------------------------------------
#DIV/0! 8.750% 325,559.04 1.81 5,300,000 #DIV/0! 57% 2,164,735 $2,164,734.64 40.8% 240
- ------------------------------------------------------------------------------------------------------------------------------------
10,338 8.420% 393,421.56 2.25 8,900,000 24,251 43% (0) $3,800,000.00 0.0% 240
- ------------------------------------------------------------------------------------------------------------------------------------
19,579 8.600% 401,051.76 1.41 6,740,000 32,249 61% 3,666,125 $4,116,000.00 54.4% 300
- ------------------------------------------------------------------------------------------------------------------------------------
26,716 8.990% 432,470.76 1.39 6,080,000 38,000 70% 1,736,539 $1,736,538.79 28.6% 300
- ------------------------------------------------------------------------------------------------------------------------------------
19,235 8.620% 452,466.60 1.36 6,550,000 25,992 74% 4,307,074 $4,307,073.67 65.8% 360
- ------------------------------------------------------------------------------------------------------------------------------------
26,179 8.970% 501,941.88 1.32 7,050,000 35,427 74% 4,659,011 $4,659,010.75 66.1% 360
- ------------------------------------------------------------------------------------------------------------------------------------
31,950 9.220% 551,377.56 1.30 7,800,000 44,571 72% 5,027,570 $5,027,569.67 64.5% 360
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 6
<PAGE>
<TABLE>
<CAPTION>
Strats
- ------------------------------------------------------------------------------------------------------------------------------------
AMT_PER_ VALUE_PER_ FINAL
UNIT RATE A_YR_DS DSCR VALUE UNIT LTV BALLOON BALLOON BLTV AMORT
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
32,104 8.610% 547,589.52 1.32 8,700,000 47,541 68% 5,216,344 $5,216,344.07 60.0% 360
- ------------------------------------------------------------------------------------------------------------------------------------
28,210 8.710% 669,059.04 1.30 9,550,000 37,897 74% 6,327,444 $6,327,443.62 66.3% 360
- ------------------------------------------------------------------------------------------------------------------------------------
21,476 8.617% 1,261,895.40 1.49 18,100,000 28,730 75% 12,270,961.30 2,086,133.33 67.8% 360
- ------------------------------------------------------------------------------------------------------------------------------------
24,843 8.170% 1,342,169.88 1.35 22,500,000 37,438 66% 13,204,341 $13,204,340.82 58.7% 360
- ------------------------------------------------------------------------------------------------------------------------------------
19,613 7.882% 1,401,772.92 1.86 28,600,000 34,963 56% 15,030,188.04 1,917,308.78 52.6% 360
- ------------------------------------------------------------------------------------------------------------------------------------
55,769 8.710% 5,801,587.32 1.30 80,000,000 78,491 68% 18,853,913.06 18,853,913.06 23.6% 240
- ------------------------------------------------------------------------------------------------------------------------------------
39,617 8.525% 6,335,038.56 1.45 104,250,000 60,330 66% 64,479,659.00 9,672,596.51 61.9% 360
- ------------------------------------------------------------------------------------------------------------------------------------
29.0% 8.564% 1.44 66.626% 49.601% 321.97
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
17 9.580% 311,048.52 1.37 5,100,000 30 58% 2,470,856 $2,470,856.44 48.4% 300
- ------------------------------------------------------------------------------------------------------------------------------------
35 9.380% 2,533,802.28 1.34 37,000,000 53 66% 20,879,217.63 2,815,671.21 56.4% 300
- ------------------------------------------------------------------------------------------------------------------------------------
3.5% 9.402% 1.34 64.961% 55.572% 300.00
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
13,087 9.820% 61,487.40 1.89 850,000 20,238 65% 332,419.32 47,025.21 39.1% 264
- ------------------------------------------------------------------------------------------------------------------------------------
11,191 9.670% 79,232.88 1.41 1,120,000 18,065 62% 338,228.08 42,649.53 30.2% 240
- ------------------------------------------------------------------------------------------------------------------------------------
29,590 9.450% 186,591.12 1.38 2,400,000 42,857 69% (0) $1,674,000.00 0.0% 240
- ------------------------------------------------------------------------------------------------------------------------------------
24,041 10.780% 208,863.48 1.40 2,720,000 38,310 63% 1,275,041 $1,275,041.35 46.9% 240
- ------------------------------------------------------------------------------------------------------------------------------------
23,137 10.780% 220,826.40 1.49 2,720,000 34,872 66% 1,348,072 $1,348,071.86 49.6% 240
- ------------------------------------------------------------------------------------------------------------------------------------
33,028 9.740% 206,898.72 1.70 2,900,000 52,727 63% 1,319,017 $1,319,016.66 45.5% 240
- ------------------------------------------------------------------------------------------------------------------------------------
29,616 10.250% 227,348.64 1.66 3,200,000 49,231 60% 886,545 $886,544.67 27.7% 240
- ------------------------------------------------------------------------------------------------------------------------------------
41,439 10.200% 244,186.08 1.42 3,000,000 60,000 69% 1,331,714 $1,331,714.45 44.4% 240
- ------------------------------------------------------------------------------------------------------------------------------------
14,980 9.730% 238,694.76 1.52 4,200,000 30,000 50% 942,069 $942,069.19 22.4% 240
- ------------------------------------------------------------------------------------------------------------------------------------
42,099 10.230% 252,515.28 1.56 3,450,000 63,889 66% 1,577,105 $1,577,104.54 45.7% 300
- ------------------------------------------------------------------------------------------------------------------------------------
24,865 10.000% 250,801.44 1.45 3,300,000 35,870 69% 1,944,911 $1,944,910.79 58.9% 300
- ------------------------------------------------------------------------------------------------------------------------------------
38,447 10.510% 261,925.20 1.41 3,300,000 55,000 70% 1,616,929 $1,616,928.90 49.0% 300
- ------------------------------------------------------------------------------------------------------------------------------------
29,127 9.800% 285,542.52 1.51 3,600,000 42,353 69% 1,815,794 $1,815,794.19 50.4% 240
- ------------------------------------------------------------------------------------------------------------------------------------
32,661 10.000% 343,488.84 1.47 4,430,000 46,146 71% 1,398,539 $1,398,539.37 31.6% 300
- ------------------------------------------------------------------------------------------------------------------------------------
25,728 10.220% 382,641.60 1.55 6,200,000 46,269 56% 2,390,819 $2,390,818.72 38.6% 300
- ------------------------------------------------------------------------------------------------------------------------------------
30,015 9.100% 407,775.36 1.92 7,400,000 59,677 50% 1,633,170 $1,633,170.03 22.1% 240
- ------------------------------------------------------------------------------------------------------------------------------------
29,583 10.500% 430,546.80 1.40 7,060,000 55,156 54% 3,245,789 $3,245,788.94 46.0% 300
- ------------------------------------------------------------------------------------------------------------------------------------
24,123 9.280% 429,536.04 1.67 6,240,000 39,000 62% 1 $3,900,000.00 0.0% 240
- ------------------------------------------------------------------------------------------------------------------------------------
26,791 9.840% 465,234.60 1.45 6,500,000 43,046 62% 1,831,484 $1,831,484.04 28.2% 240
- ------------------------------------------------------------------------------------------------------------------------------------
29,111 10.530% 533,727.36 1.35 6,300,000 39,130 74% 3,292,102 $3,292,101.73 52.3% 300
- ------------------------------------------------------------------------------------------------------------------------------------
31,428 10.510% 574,854.36 1.55 7,300,000 48,026 65% 2,228,236 $2,228,235.99 30.5% 240
- ------------------------------------------------------------------------------------------------------------------------------------
137 9.670% 563,205.24 1.41 10,200,000 265 52% 4,450,779 $4,450,778.85 43.6% 300
- ------------------------------------------------------------------------------------------------------------------------------------
20,579 9.455% 616,672.44 1.58 8,370,000 31,466 65% 2,414,777 $2,414,776.74 28.9% 240
- ------------------------------------------------------------------------------------------------------------------------------------
55,194 10.210% 963,073.92 1.40 13,200,000 84,076 66% 6,447,932.88 1,310,668.40 48.8% 300
- ------------------------------------------------------------------------------------------------------------------------------------
22,585 10.400% 1,911,579.24 1.46 32,990,000 43,928 51% 12,713,909.18 2,675,869.43 38.5% 300
- ------------------------------------------------------------------------------------------------------------------------------------
9,856 10.430% 178,862.76 1.56 2,325,000 15,296 64% 694,585 $694,584.93 29.9% 240
- ------------------------------------------------------------------------------------------------------------------------------------
25,615 10.530% 300,022.92 1.74 4,500,000 43,689 59% 1,850,581 $1,850,581.14 41.1% 300
- ------------------------------------------------------------------------------------------------------------------------------------
18,746 10.110% 315,381.96 1.42 4,400,000 30,556 61% 1,233,821 $1,233,820.91 28.0% 240
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 7
<PAGE>
<TABLE>
<CAPTION>
Strats
- ------------------------------------------------------------------------------------------------------------------------------------
AMT_PER_ VALUE_PER_ FINAL
UNIT RATE A_YR_DS DSCR VALUE UNIT LTV BALLOON BALLOON BLTV AMORT
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
25,146 10.310% 429,940.44 1.33 6,925,000 48,090 52% 1,674,230 $1,674,230.32 24.2% 240
- ------------------------------------------------------------------------------------------------------------------------------------
19,530 10.330% 441,183.00 1.42 7,300,000 38,421 51% 1,717,219 $1,717,219.30 23.5% 240
- ------------------------------------------------------------------------------------------------------------------------------------
39,584 9.540% 493,545.24 2.03 10,800,000 97,297 41% 1,956,518 $1,956,518.24 18.1% 240
- ------------------------------------------------------------------------------------------------------------------------------------
16,632 9.350% 553,414.80 2.01 11,900,000 39,933 42% (4) $5,000,000.00 0.0% 240
- ------------------------------------------------------------------------------------------------------------------------------------
31,382 9.980% 844,198.56 1.52 10,200,000 43,966 71% 5,327,920 $5,327,920.23 52.2% 240
- ------------------------------------------------------------------------------------------------------------------------------------
60,837 10.400% 1,799,133.36 1.43 27,800,000 105,703 58% 13,339,359.93 2,502,171.86 48.0% 300
- ------------------------------------------------------------------------------------------------------------------------------------
112,424 9.260% 7,302,253.20 1.58 110,000,000 174,326 64% 50,292,755.09 7,790,533.26 45.7% 300
- ------------------------------------------------------------------------------------------------------------------------------------
26.8% 9.811% 1.54 60.985% 39.650% 280.90
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
0.0%
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
1,211,300,000 586,597,153 324,939,201
9.245% 1.442 38,061,218 65.43% 18,670,431 5,421,747 49.42% 311.21
9.442% 1.468 10,719,469 65.01% 5,191,125 2,875,568 47.17% 300.74
7.882% 1.260 850,000 40.68% (4) 42,650 0.00% 240.00
10.780% 2.250 110,000,000 78.55% 64,479,659 18,853,913 69.98% 360.00
====================================================================================================================================
</TABLE>
Page 8
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
Strats
- ------------------------------------------------------------------------------------------------------------------------------------
ANTI_
ANTI_ REMAIN LOCKOUT_M LOCKOUT_R CASH UNIT_OF_ PREF_ ACTUAL 1993_ 1994_ 1995_
TERM TERM TERM O EM FLOW UNITS MEASURE EQUITY GROUND_ /360 NOI NOI NOI
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
120 300 119 116 115 159,526 16,740 sf No No
- ------------------------------------------------------------------------------------------------------------------------------------
120 300 118 116 114 278,547 78,561 sf No 284,066 315,927 348,554
- ------------------------------------------------------------------------------------------------------------------------------------
120 360 119 116 115 839,079 73,720 sf No
- ------------------------------------------------------------------------------------------------------------------------------------
120 300 120 116 116 951,398 43,777 Yes
- ------------------------------------------------------------------------------------------------------------------------------------
120 300 120 116 116 975,972 64,411 sf ? Yes
- ------------------------------------------------------------------------------------------------------------------------------------
150 330 150 146 146 3,681,425 78,732 sf ? Yes
- ------------------------------------------------------------------------------------------------------------------------------------
120 240 116 116 112 158,077 48,886 sf No 210,817 221,102 215,358
- ------------------------------------------------------------------------------------------------------------------------------------
120 300 118 116 114 330,115 70,116 sf No 278,642 345,047 334,000
- ------------------------------------------------------------------------------------------------------------------------------------
84 300 80 80 76 331,475 40,300 sf No 320,972 348,299 376,192
- ------------------------------------------------------------------------------------------------------------------------------------
120 360 116 116 112 377,254 42,724 sf No 426,874 410,862 432,887
- ------------------------------------------------------------------------------------------------------------------------------------
120 300 118 116 114 616,356 80,261 sf No 435,747 599,247 507,214
- ------------------------------------------------------------------------------------------------------------------------------------
180 360 177 176 173 685,277 86,711 sf Yes No 380,391 599,780 797,778
- ------------------------------------------------------------------------------------------------------------------------------------
120 360 116 116 112 662,267 95,978 sf Yes 670,634
- ------------------------------------------------------------------------------------------------------------------------------------
120 360 116 116 112 776,781 87,289 sf No 636,370 716,129 791,421
- ------------------------------------------------------------------------------------------------------------------------------------
120 300 117 116 113 809,769 109,559 sf No 867,345 859,383 937,558
- ------------------------------------------------------------------------------------------------------------------------------------
120 360 114 119 113 806,972 101,437 sf Yes
- ------------------------------------------------------------------------------------------------------------------------------------
120 360 116 116 112 2,209,381 219,671 sf Yes 1,385,394 2,196,623
- ------------------------------------------------------------------------------------------------------------------------------------
120 300 120 116 116 2,277,634 713,253 sf 1,490,000 Yes
- ------------------------------------------------------------------------------------------------------------------------------------
180 360 179 176 175 2,604,160 228,164 sf Yes 2,338,813 2,656,174
- ------------------------------------------------------------------------------------------------------------------------------------
135.49 333.13 133.80 131.61 129.92
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
180 300 175 176 171 649,199 56,387 sf Yes No 653,409 563,232 559,650
- ------------------------------------------------------------------------------------------------------------------------------------
180 360 173 176 169 1,076,763 411,503 sf 450000 No 2,030,049 1,830,855
- ------------------------------------------------------------------------------------------------------------------------------------
84 300 83 80 79 946,658 189,768 sf No 470,416
- ------------------------------------------------------------------------------------------------------------------------------------
84 300 80 84 80 2,297,610 193,380 sf Yes 3,083,767 2,565,943 2,713,449
- ------------------------------------------------------------------------------------------------------------------------------------
120 360 120 116 116 2,418,692 167,614 sf Yes
- ------------------------------------------------------------------------------------------------------------------------------------
120 270 117 119 116 3,396,977 430,363 sf 1,900,000 Yes 3,598,640 3,600,412 3,916,441
- ------------------------------------------------------------------------------------------------------------------------------------
180 360 180 176 176 3,427,873 320,358 sf ? Yes
- ------------------------------------------------------------------------------------------------------------------------------------
130.60 127.95
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
120 117 116 113 504,482 84 beds No 308,096 550,325
- ------------------------------------------------------------------------------------------------------------------------------------
120 240 116 116 112 492,986 75 beds No (900,486) 471,574 530,266
- ------------------------------------------------------------------------------------------------------------------------------------
120 300 116 116 112 559,236 117 beds No 266,290 494,867 656,690
- ------------------------------------------------------------------------------------------------------------------------------------
180 176 176 172 2,262,853 381 beds No 1,820,696 2,191,872 2,571,014
- ------------------------------------------------------------------------------------------------------------------------------------
150.10 146.10
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
180 300 178 176 174 365,136 46,651 sf No 386,489 378,285 384,321
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 9
<PAGE>
<TABLE>
<CAPTION>
Strats
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
120 118 116 114 123,045 87 pads No 111,836 117,367 121,167
- ------------------------------------------------------------------------------------------------------------------------------------
120 119 116 115 153,453 95 pads No 118,734 146,999 137,632
- ------------------------------------------------------------------------------------------------------------------------------------
240 234 236 230 161,055 93 pads No 149,630 160,332 165,363
- ------------------------------------------------------------------------------------------------------------------------------------
120 118 116 114 132,667 99 pads No 103,785 113,402
- ------------------------------------------------------------------------------------------------------------------------------------
120 117 116 113 170,884 171 pads No 147,339 158,550 179,334
- ------------------------------------------------------------------------------------------------------------------------------------
120 114 116 110 177,358 99 pads No 159,206 169,054 181,332
- ------------------------------------------------------------------------------------------------------------------------------------
180 300 178 176 174 200,000 178 pads No 131,458 156,331 196,987
- ------------------------------------------------------------------------------------------------------------------------------------
300 295 296 291 314,989 170 pads No 377,091 368,622 371,436
- ------------------------------------------------------------------------------------------------------------------------------------
120 114 116 110 267,788 181 pads No 216,401 243,346 255,458
- ------------------------------------------------------------------------------------------------------------------------------------
120 119 116 115 232,812 97 pads
- ------------------------------------------------------------------------------------------------------------------------------------
300 294 296 290 285,481 112 pads No 288,586 295,021 293,834
- ------------------------------------------------------------------------------------------------------------------------------------
180 176 176 172 246,218 198 pads No 254,660 247,646 257,364
- ------------------------------------------------------------------------------------------------------------------------------------
120 118 116 114 309,297 240 Pads No 197,007 216,903 264,930
- ------------------------------------------------------------------------------------------------------------------------------------
84 78 80 74 273,186 175 pads No 250,037 269,254 280,302
- ------------------------------------------------------------------------------------------------------------------------------------
120 117 116 113 260,223 223 pads No 194,287 217,485 232,827
- ------------------------------------------------------------------------------------------------------------------------------------
180 176 176 172 271,929 200 pads No 161,569 96,830 236,545
- ------------------------------------------------------------------------------------------------------------------------------------
84 360 83 80 79 325,552 209 pads
- ------------------------------------------------------------------------------------------------------------------------------------
120 118 116 114 359,519 361 Pads No 267,531 317,200 342,681
- ------------------------------------------------------------------------------------------------------------------------------------
120 115 116 111 355,936 285 pads No 296,678 365,680 348,457
- ------------------------------------------------------------------------------------------------------------------------------------
180 176 176 172 431,750 257 pads No 349,311 401,670 429,651
- ------------------------------------------------------------------------------------------------------------------------------------
240 236 236 232 477,437 246 pads No 352,138 373,646 405,254
- ------------------------------------------------------------------------------------------------------------------------------------
120 118 116 114 598,137 - Pads No 492,507 554,673 587,294
- ------------------------------------------------------------------------------------------------------------------------------------
180 175 176 171 1,092,929 1,001 pads No 536,364 532,008 528,450
- ------------------------------------------------------------------------------------------------------------------------------------
154.92 150.92
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
120 360 119 116 115 160,048 72 units No 175,792 178,180 171,763
- ------------------------------------------------------------------------------------------------------------------------------------
120 360 119 116 115 173,303 82 units No 140,871 211,841 185,454
- ------------------------------------------------------------------------------------------------------------------------------------
120 119 116 115 230,776 76 units No 255,611 220,090 252,450
- ------------------------------------------------------------------------------------------------------------------------------------
84 78 80 74 220,069 134 units No 221,011 170,598 253,282
- ------------------------------------------------------------------------------------------------------------------------------------
84 78 80 74 237,579 146 units
- ------------------------------------------------------------------------------------------------------------------------------------
120 113 116 109 269,326 171 units No 169,094 306,819
- ------------------------------------------------------------------------------------------------------------------------------------
240 239 236 235 511,433 184 units No 471,173 496,733 567,182
- ------------------------------------------------------------------------------------------------------------------------------------
120 360 119 116 115 343,615 108 units 181000 No 199,532 285,774
- ------------------------------------------------------------------------------------------------------------------------------------
120 240 114 116 110 588,879 - units / sf No 236,736 533,710 579,566
- ------------------------------------------------------------------------------------------------------------------------------------
240 239 236 235 884,149 367 units No 754,328 791,782 1,010,455
- ------------------------------------------------------------------------------------------------------------------------------------
84 78 80 74 566,189 209 units No 386,922 464,972 522,620
- ------------------------------------------------------------------------------------------------------------------------------------
240 300 234 236 230 602,858 160 units No 621,694 634,978 670,855
- ------------------------------------------------------------------------------------------------------------------------------------
120 360 119 116 115 617,062 252 units No 756,887 700,761 634,754
- ------------------------------------------------------------------------------------------------------------------------------------
120 360 119 116 115 663,610 199 units No 722,266 703,621 705,696
- ------------------------------------------------------------------------------------------------------------------------------------
120 360 117 116 113 715,140 175 units No 662,637 686,650 716,789
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 10
<PAGE>
<TABLE>
<CAPTION>
Strats
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
120 360 120 116 116 723,617 183 units 400000 No
- ------------------------------------------------------------------------------------------------------------------------------------
120 360 119 116 115 868,430 252 units 353,000 No 775,095 899,095 918,841
- ------------------------------------------------------------------------------------------------------------------------------------
120 360 120 116 116 1,885,405 630 units Yes Yes 963,212 1,819,350
- ------------------------------------------------------------------------------------------------------------------------------------
120 360 113 116 109 1,810,056 601 units No 1,364,232 1,622,766 1,924,355
- ------------------------------------------------------------------------------------------------------------------------------------
84 360 78 83 77 2,603,958 818 units Yes 280,959 901,419
- ------------------------------------------------------------------------------------------------------------------------------------
200 198 199 197 7,538,244 981 units Yes Yes 7,648,075 7,858,538 8,334,671
- ------------------------------------------------------------------------------------------------------------------------------------
85 361 84 81 80 9,191,870 1,728 units possibly at Yes 1,962,353 2,389,411 2,348,537
a later date
- ------------------------------------------------------------------------------------------------------------------------------------
128.25 125.19
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
120 301 115 116 111 425,267 168,530 sf No 396,920 522,269 526,834
- ------------------------------------------------------------------------------------------------------------------------------------
120 300 118 119 117 3,391,937 694,579 sf 5,355,000 Partial Yes 3,830,780 3,754,865 3,746,808
- ------------------------------------------------------------------------------------------------------------------------------------
117.68 116.35
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
181 265 174 177 170 116,477 42 rooms Yes 76,662 122,797 104,361
- ------------------------------------------------------------------------------------------------------------------------------------
181 241 174 177 170 111,922 62 rooms Yes 95,430 120,302 140,637
- ------------------------------------------------------------------------------------------------------------------------------------
240 233 236 229 257,071 56 rooms No 137,738 277,419 363,788
- ------------------------------------------------------------------------------------------------------------------------------------
120 240 118 116 114 292,460 71 rooms No 229,672 311,917 343,589
- ------------------------------------------------------------------------------------------------------------------------------------
120 240 118 116 114 329,332 78 rooms No
- ------------------------------------------------------------------------------------------------------------------------------------
120 240 119 116 115 352,569 55 rooms No
- ------------------------------------------------------------------------------------------------------------------------------------
180 240 178 176 174 377,740 65 rooms No 211,549 239,414 425,918
- ------------------------------------------------------------------------------------------------------------------------------------
144 240 141 140 137 346,103 50 rooms No
- ------------------------------------------------------------------------------------------------------------------------------------
180 240 179 176 175 362,188 140 rooms No 354,332 464,062
- ------------------------------------------------------------------------------------------------------------------------------------
180 300 179 176 175 392,972 54 rooms No 325,637 342,656 418,599
- ------------------------------------------------------------------------------------------------------------------------------------
120 300 113 116 109 362,700 92 rooms No
- ------------------------------------------------------------------------------------------------------------------------------------
180 300 178 176 174 369,338 60 rooms No 332,587 320,066 426,490
- ------------------------------------------------------------------------------------------------------------------------------------
120 240 113 116 109 429,976 85 rooms No 562,883 587,228 522,334
- ------------------------------------------------------------------------------------------------------------------------------------
237 300 231 233 227 505,889 96 rooms No 476,501 543,800 560,023
- ------------------------------------------------------------------------------------------------------------------------------------
180 300 179 176 175 593,437 134 rooms No 465,020 602,104 713,154
- ------------------------------------------------------------------------------------------------------------------------------------
180 240 175 176 171 784,059 124 rooms No 788,385 928,647 991,746
- ------------------------------------------------------------------------------------------------------------------------------------
120 300 115 116 111 600,768 128 rooms No 660,811 702,635
- ------------------------------------------------------------------------------------------------------------------------------------
240 233 236 229 715,758 160 rooms No
- ------------------------------------------------------------------------------------------------------------------------------------
180 240 177 176 173 675,504 151 rooms No 658,844 718,638 860,807
- ------------------------------------------------------------------------------------------------------------------------------------
180 300 176 176 172 718,496 161 rooms No 697,921 875,624 1,029,994
- ------------------------------------------------------------------------------------------------------------------------------------
180 240 177 176 173 892,220 152 rooms No 195,984 1,109,488
- ------------------------------------------------------------------------------------------------------------------------------------
120 300 117 116 113 796,148 38,536 rooms No (41,799) 734,473
- ------------------------------------------------------------------------------------------------------------------------------------
181 241 174 177 170 971,575 266 rooms No 649,446 723,708 846,097
- ------------------------------------------------------------------------------------------------------------------------------------
180 300 175 176 171 1,347,482 157 rooms Yes 1,475,677 1,299,146 1,531,412
- ------------------------------------------------------------------------------------------------------------------------------------
180 300 176 179 175 2,781,365 751 rooms Yes 927,873 994,775 1,270,745
- ------------------------------------------------------------------------------------------------------------------------------------
180 240 179 176 175 278,784 152 rooms No 181,577 376,734 335,600
- ------------------------------------------------------------------------------------------------------------------------------------
180 300 178 176 174 521,195 103 rooms No 467,995 565,285 709,106
- ------------------------------------------------------------------------------------------------------------------------------------
180 240 179 176 175 448,661 144 rooms No 216,303 301,563 489,263
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 11
<PAGE>
<TABLE>
<CAPTION>
Strats
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
180 240 177 176 173 570,398 144 rooms No 601,620 706,714 694,137
- ------------------------------------------------------------------------------------------------------------------------------------
180 240 177 176 173 628,081 190 rooms 385000 No 830,302 830,182 923,735
- ------------------------------------------------------------------------------------------------------------------------------------
180 240 179 176 175 1,002,664 111 rooms Yes No 1,162,737 1,198,383 1,358,551
- ------------------------------------------------------------------------------------------------------------------------------------
240 234 236 230 1,110,716 298 rooms No 806,848 1,276,404 1,528,134
- ------------------------------------------------------------------------------------------------------------------------------------
120 240 118 116 114 1,285,854 232 rooms No 773,610 763,960 1,531,124
- ------------------------------------------------------------------------------------------------------------------------------------
144 300 144 140 140 2,572,435 263 rooms Yes
- ------------------------------------------------------------------------------------------------------------------------------------
180 300 179 179 178 11,507,060 631 rooms Yes 9,991,932 10,605,029 11,740,053
- ------------------------------------------------------------------------------------------------------------------------------------
170.66 167.92
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
10,514,000 62,330,531 77,512,195 90,631,849
112.13 294.10 143.03 142.29 139.93
142.57 259.87 145.32 144.71 141.54
14.00 5.00
84.00 84.00 78.00 80.00 74.00 181,000.00
240.00 361.00 295.00 296.00 291.00 5,355,000.00
====================================================================================================================================
</TABLE>
Page 12
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
Strats
- ------------------------------------------------------------------------------------------------------------------------------------
BORROWER_LEGAL MGT_CO AUDIT LOCKBOX
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
McLellan Investments, Ltd. a TX
limited partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Providence 81 Associates Parkway Asset Management Corporation
- ------------------------------------------------------------------------------------------------------------------------------------
Towne Pointe Associates
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Yes
- ------------------------------------------------------------------------------------------------------------------------------------
Yes
- ------------------------------------------------------------------------------------------------------------------------------------
Country Club Corners Joint Venture Today Management
- ------------------------------------------------------------------------------------------------------------------------------------
Casas Adobes Investors Limited Partnership Nationwide Management Corp.
- ------------------------------------------------------------------------------------------------------------------------------------
KBE&B, LLC I. Goldberg Management Company
- ------------------------------------------------------------------------------------------------------------------------------------
Market at Uvalde Corporation Transwestern Property Corporation
- ------------------------------------------------------------------------------------------------------------------------------------
Suburban Center Partners, L.P. Mills Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
Terra-Bushard Ltd. a CA limited partnership Self-Managed
- ------------------------------------------------------------------------------------------------------------------------------------
Railroad Canyon Center, Inc. Mid Valley Management Company
- ------------------------------------------------------------------------------------------------------------------------------------
Paradise Valley Realty Associates Trammel Crow Company
- ------------------------------------------------------------------------------------------------------------------------------------
Giegerich Seatle Associates Limited Partnership The Geigerich Company
- ------------------------------------------------------------------------------------------------------------------------------------
Hechinger Plaza Limited Partnership Quantum Management Corporation Yes
- ------------------------------------------------------------------------------------------------------------------------------------
Simi Valley Plaza, LLC Brymarc Management Company Yes
- ------------------------------------------------------------------------------------------------------------------------------------
Yes
- ------------------------------------------------------------------------------------------------------------------------------------
Arrowhead Village LLC, a Delaware limited
liability company In-house Yes Yes
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Wilshire-Rexford Associates The Hapsmith Company
- ------------------------------------------------------------------------------------------------------------------------------------
165 Madison Avenue, L.P. Interstate Realty Corp. Yes
- ------------------------------------------------------------------------------------------------------------------------------------
Henri Konckier Cutlass Realty
- ------------------------------------------------------------------------------------------------------------------------------------
Sacramento Corporate Center, L.P. Sares Regis Yes
- ------------------------------------------------------------------------------------------------------------------------------------
The 1010 Company Yes
- ------------------------------------------------------------------------------------------------------------------------------------
ADAC, L.P. Portman Holdings Yes
- ------------------------------------------------------------------------------------------------------------------------------------
Independently Verified Yes
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Medford Nursing Center, Inc., an Oklahoma
corporation Rocky R. Lemon
- ------------------------------------------------------------------------------------------------------------------------------------
Far Enterprises, LLC Zenith Health Care, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
Pioneer Health Management Corporation Pioneer Health Care Services, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
Camelot C C & M, Inc. Wilcare Corporation
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Leaden Hall II, Med Centre Limited Partnership Gama Investments, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 17
<PAGE>
<TABLE>
<CAPTION>
Strats
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
The Paddor Family Trust Dolphin Real Estate Group
- ------------------------------------------------------------------------------------------------------------------------------------
Ski-JOJ Associates Limited Partnership, a
- ------------------------------------------------------------------------------------------------------------------------------------
MI limited partnership Lori Collier
- ------------------------------------------------------------------------------------------------------------------------------------
Solana Y Sombra, L.L.C.
- ------------------------------------------------------------------------------------------------------------------------------------
Carl Uebel and Kathryn Uebel as Trustees of
the Uebel Family Trust
(to be assigned to an SPC w/i 30 days)
- ------------------------------------------------------------------------------------------------------------------------------------
Shannon Family Properties, Inc. Owner Managed
- ------------------------------------------------------------------------------------------------------------------------------------
Locust Grove, Inc. Owner Managed
- ------------------------------------------------------------------------------------------------------------------------------------
Silver Sands L.L.C.
- ------------------------------------------------------------------------------------------------------------------------------------
Galway Bay Mobile Home Park Present Realty
- ------------------------------------------------------------------------------------------------------------------------------------
Coachland L.L.C Coachland L.L.C
- ------------------------------------------------------------------------------------------------------------------------------------
Ridgewood Associate Limited Partnership,
a MI limited partnership
- ------------------------------------------------------------------------------------------------------------------------------------
LCHEM, Corp. Present Realty
- ------------------------------------------------------------------------------------------------------------------------------------
Tara Associates, LLC RVG Management Company
- ------------------------------------------------------------------------------------------------------------------------------------
Johanna Woods, L.L.C. Sandstone, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
Crystal Lake Associates Limited Partnership Ameri-Park Properties
- ------------------------------------------------------------------------------------------------------------------------------------
Ravines Associates Limited Partnership The Choice Group
- ------------------------------------------------------------------------------------------------------------------------------------
Gwinnett Estates, LLC RVG Management Company
- ------------------------------------------------------------------------------------------------------------------------------------
Chateau Oaks Limited Partnership,
a NV limitd partnership
and Cypress Investors LTD,
a NV limited partnership
- ------------------------------------------------------------------------------------------------------------------------------------
KMW Enterprises Limited Partnership Choice Group
- ------------------------------------------------------------------------------------------------------------------------------------
Ridgeview Development Company Thomas J. Horner Real Estate
- ------------------------------------------------------------------------------------------------------------------------------------
Franklin Associates JV, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
HML & Sons Limited Partnership Apollo Properties, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
Marysville Estates, L.L.C. The Choice Group
- ------------------------------------------------------------------------------------------------------------------------------------
Wingray, Inc. Win-Gray, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Renken Associates XV, a MI co-partnership Renken Management Company, Inc
- ------------------------------------------------------------------------------------------------------------------------------------
Red Carpet Apartments, L.L.C. a Washington
limited liability company Investment Development Corporation
- ------------------------------------------------------------------------------------------------------------------------------------
Grangard Properties, Inc. a Michigan Corporation Nick Merucci
- ------------------------------------------------------------------------------------------------------------------------------------
Cardinal Village Apartments Trust-BMR as Trustee BMR Investments
- ------------------------------------------------------------------------------------------------------------------------------------
Stratford Arms Apartment Trust - BMR as Trustee BMR Investments
- ------------------------------------------------------------------------------------------------------------------------------------
Park Hollow, LTD. Sumar Realty
- ------------------------------------------------------------------------------------------------------------------------------------
WMBN Investors-Flint Limited Partnership PM Diversified
- ------------------------------------------------------------------------------------------------------------------------------------
1360 Partners, a CA limited partnership Cal-American Corporation Yes
- ------------------------------------------------------------------------------------------------------------------------------------
Tribeca Associates L.P. United American Land Co.
- ------------------------------------------------------------------------------------------------------------------------------------
Fox Glen Apartments PM Diversified
- ------------------------------------------------------------------------------------------------------------------------------------
Cypress Grove Apartments Trust-BMR as Trustee BMR Investments
- ------------------------------------------------------------------------------------------------------------------------------------
Wessex Limited Daniel Sawicki
- ------------------------------------------------------------------------------------------------------------------------------------
Pecan Crossing Associates Limited Partnership Noel Management Company
- ------------------------------------------------------------------------------------------------------------------------------------
Bear-Owl-Wolf Family Limited Partnership, a NV LP Dr. Harrinder Grewal Yes
- ------------------------------------------------------------------------------------------------------------------------------------
Fountain Development Associates Lefferts Fore Associates New York
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 18
<PAGE>
<TABLE>
<CAPTION>
Strats
<S> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
Granda's Apartments a CA limited partnership Yes
- ------------------------------------------------------------------------------------------------------------------------------------
NHP Ridgewood Parnters, L.P. NHP Management Company Yes
- ------------------------------------------------------------------------------------------------------------------------------------
RCA Financing Seven, L.P. RCA Realty Service, LTD. Yes
- ------------------------------------------------------------------------------------------------------------------------------------
Village Squire Apartments CAPREIT Residential Corporation
- ------------------------------------------------------------------------------------------------------------------------------------
Prime MFP II L.P. Prime Residential Texas Partners, L.P. Yes
- ------------------------------------------------------------------------------------------------------------------------------------
Marina Admiralty Company E & S Ring Management Corporation Yes Yes
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Yes
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
East Street Associates Limited Partnership Fitzgerald & Matan Realty
- ------------------------------------------------------------------------------------------------------------------------------------
Lee Park Investors, L.P. Equivest Development Inc. Yes
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Farmville Super 8 Motel Limited Partnership Eastern Hospitality Management, Inc. Yes
- ------------------------------------------------------------------------------------------------------------------------------------
Harve De Grace Super 8 Motel Limited Partnership Eastern Hospitality Management, Inc. Yes
- ------------------------------------------------------------------------------------------------------------------------------------
ARIHANT, Inc. Arihant, Inc
- ------------------------------------------------------------------------------------------------------------------------------------
Findlay Equity Partners The Lodge Keeper Group
- ------------------------------------------------------------------------------------------------------------------------------------
Auburn Equity Partners
- ------------------------------------------------------------------------------------------------------------------------------------
North Atlantic Hotel Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
SOMAC, Inc. Terry A. Isom and Steven F. Hanson
- ------------------------------------------------------------------------------------------------------------------------------------
Ganga, Inc. a Georgia Corporation
- ------------------------------------------------------------------------------------------------------------------------------------
Metro Hospitality Group, Inc. NAV
- ------------------------------------------------------------------------------------------------------------------------------------
Krishan Corporation Owner Managed
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Sheffield Partnership Boyle Hotels
- ------------------------------------------------------------------------------------------------------------------------------------
Olde Adobe Investment Corp. Olde Adobe Investment Corporation
- ------------------------------------------------------------------------------------------------------------------------------------
Salisbury Investment Group Limited Partnership Marshall Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
Dorsey Hotel Associates Limited Partnership Hospitality Management, LTD.
- ------------------------------------------------------------------------------------------------------------------------------------
Indy Northwest Hotel Limited Partnership Schahet Hotels of Indianapolis
- ------------------------------------------------------------------------------------------------------------------------------------
Indy Northwest Hotel Limited Partnership Hotel Management Plus Corp.
- ------------------------------------------------------------------------------------------------------------------------------------
Goodyear Hotel Partners Goodyear Hotel Partners
- ------------------------------------------------------------------------------------------------------------------------------------
Linear, Inc., a Delaware Corporation Hospitality Lodging South Inc
- ------------------------------------------------------------------------------------------------------------------------------------
Barcelona Court of Lubbock Allsuite Management Company, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
S&R Branson Host Limited Partnership Alpha Hotel Management Company, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
Millbank Partners-Riva Limited Partnership The Bernstein Companies
- ------------------------------------------------------------------------------------------------------------------------------------
Des-Bro Motel Associates Des Bro Management Co.
- ------------------------------------------------------------------------------------------------------------------------------------
H.L. Murphy, Inc. H. L. Murphy, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
IRNM Hotel Investors, LLC Waterford Hotel Group Yes
- ------------------------------------------------------------------------------------------------------------------------------------
Arihant, Inc. Owner Operated
- ------------------------------------------------------------------------------------------------------------------------------------
Dahai Group (U.S.A) Torrance Plaza Hotel, Inc. Dahai Group (U.S.A), Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
Intrepid Hospitality, Inc. Self Managed
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 19
<PAGE>
<TABLE>
<CAPTION>
Strats
<S> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
York Street Inn, Inc. Creative Inns, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
Investor Inns Limited Partnership Owner Operated Yes
- ------------------------------------------------------------------------------------------------------------------------------------
Sunrise-Harbor, LTD., a CA limmited partnership
and Harbor Partners, a CA joint Venture
- ------------------------------------------------------------------------------------------------------------------------------------
Acadiana Properties Limited Partnership TMS Management Company
- ------------------------------------------------------------------------------------------------------------------------------------
WNCP, L.P. Winner Hotels, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
San Antonio 2000, Ltd., a Texas limited partnership Hyatt Hotel Corporation Yes
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
====================================================================================================================================
</TABLE>
Page 20
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
Strats
- ------------------------------------------------------------------------------------------------------------------------------------
SPC BK_REMOTE APPRAISER APP_DATE ENV_FIRM ENV_DATE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Yes Butler Burgher 8/13/96 EMG 8/12/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Aaron & Wright 7/2/96 Aaron & Wright 7/8/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes C. Beyer Associates 7/26/96 Eckland Consultants 8/13/96
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Butler Burgher 5/5/96 Eckland 1/15/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Aaron & Wright 5/23/96 Aaron & Wright 6/21/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Valuation International, Ltd. 4/19/96 EMG 4/15/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Aaron & Wright 11/9/95 Eckland 11/30/95
- ------------------------------------------------------------------------------------------------------------------------------------
Yes John C. Hottle & Associates 2/1/96 RERC Environmental 2/1/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes AMI Commercial Real Estate Appraisals 6/15/96 EMG 6/26/96
- ------------------------------------------------------------------------------------------------------------------------------------
MT Associates 4/1/96 Pacific Southwest Group 11/13/95
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Aaron & Wright 2/23/96 Aaron & Wright 3/14/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Cushman & Wakefield 1/1/96 EMG 6/7/96
- ------------------------------------------------------------------------------------------------------------------------------------
Smail Associates 1/15/96 Schnabel Environmental Services 3/27/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes MT Associates 4/1/96 Pacific Southwest Group 12/14/95
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Yes James Ratkovich & Associates, Inc. 7/31/96 Project Resources, Inc. 7/31/96
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Eichel, Inc 3/8/96 Eckland 3/13/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes CB Commercial 2/8/96 EcklandAqua Terra
- ------------------------------------------------------------------------------------------------------------------------------------
No-individual Clobus, McLemore & Duke, Inc 6/24/96 EMG 7/2/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Richard Seevers & Associates 5/14/96 KTR Environmental Services, Inc. 5/9/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Cushman & Wakefield 6/6/96 EMG 6/3/96
- ------------------------------------------------------------------------------------------------------------------------------------
Aaron & Wright, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Capital Valuation Group 3/1/96 EMG 5/15/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Ryon Associates 3/28/96 EMG 3/19/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Capital Valuation Group 5/30/96 EMG 5/16/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Capital Valuation Group 4/1/96 EMG 4/1/96
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Aaron & Wright Technical Services 6/14/96 Aaron & Wright Technical Services 6/20/96
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 21
<PAGE>
<TABLE>
<CAPTION>
Strats
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
No Appraisal Technology, Inc. 5/14/96 Foree & Vann, Inc. 5/20/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Robinson Miller Company 5/14/96 Eckland 6/25/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes The Havins Co., Inc. 1/31/96 Eckland 2/6/96
- ------------------------------------------------------------------------------------------------------------------------------------
No (to be transferred
to an SPC w/i 30 days Appraisal Technology 5/30/96 Eckland Consultants, Inc. 6/17/96
- ------------------------------------------------------------------------------------------------------------------------------------
No Professional Appraisal Services 5/7/96 Eckland Consultants, Inc. 5/22/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Johnson Realty Services 1/30/96 Eckland 12/15/95
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Appraisal Technology, Inc. 6/5/96 Eckland 6/14/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Charles D'Agostino 1/5/96 Eckland 2/5/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Palmer, Grotha & Pietka 3/6/96 Eckland 2/1/96
- ------------------------------------------------------------------------------------------------------------------------------------
Van Court & company 6/14/96 Eckland 6/20/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Charles D'Agostino 1/5/96 Eckland 2/2/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Chartwell Advisory Group 1/13/96 Eckland 1/9/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Aaron & Wright 6/18/96 Eckland 6/18/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Urban Uniformation Services 11/1/95 ATEC Environmental Cons. 11/21/95
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Allen & Associates 1/15/96 Eckland 2/14/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Chartwell Advisory Group 1/11/96 Eckland 1/8/96
- ------------------------------------------------------------------------------------------------------------------------------------
Whicomb Real Estate 4/23/96 Eckland 5/3/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes John P. Hill & Associates, Ltd. 1/30/96 Eckland 2/9/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Nunnink and Associates 1/9/96 Eckland 1/12/96
- ------------------------------------------------------------------------------------------------------------------------------------
Chartwell Advisory Group 1/12/96 Eckland 1/15/96
- ------------------------------------------------------------------------------------------------------------------------------------
No Appraisal Technology, Inc. 3/8/96 Eckland 11/30/95
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Urban Information Systems, Inc. 2/21/96 Eckland 2/21/96
- ------------------------------------------------------------------------------------------------------------------------------------
No Investment Counselors, Inc. 2/15/96 Eckland 3/4/96
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Binswanger 7/25/96 EMG 8/2/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Pacific Real Estate Advisors 35189 Consulting Solutions, Inc 35167
- ------------------------------------------------------------------------------------------------------------------------------------
Yes CB Commercial 6/19/96 Eckland 6/27/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Aaron & Wright 10/2/95 Aaron & Wright 10/9/95
- ------------------------------------------------------------------------------------------------------------------------------------
Aaron & Wright Aaron & Wright 10/9/95
- ------------------------------------------------------------------------------------------------------------------------------------
Yes CB Commercial Real Estate Group 9/11/95 Building Evaluation Services
& Technology 8/21/95
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Aaron & Wright 5/9/96 Aaron & Wright 6/3/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes CB Commercial 8/1/96 Eckland Consultants, Inc. 8/14/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Cushman & Wakefield 11/7/95 Eckland 11/28/95
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Aaron & Wright 5/9/96 Aaron & Wright 6/3/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Aaron & Wright 10/1/95 Aaron & Wright 10/9/95
- ------------------------------------------------------------------------------------------------------------------------------------
Yes I.B. Skolnick Associates 7/12/95 Building Diagnostics 7/15/95
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Alliance Advisory Group, Inc. 7/30/96 Building Diagnostics 6/6/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Gary H. Kent Inc. 1/4/96 Eckland 6/22/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes RTA Group, Inc. 5/1/96 EMG 5/7/96
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 22
<PAGE>
<TABLE>
<CAPTION>
Strats
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
Yes CB Commercial 8/1/96 Eckland 8/8/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes John C. Hottle & Associates 7/19/96 Eckland 8/1/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Michael M. Axler & Associates 2/12/96 EDR 2/7/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Aaron & Wright 1/30/96 Aaron & Wright 2/13/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Adams Consulting Engineers, Inc. Jan-96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Apartment Building Appraisers & Analysts, Inc. 11/29/95 Project Resources, Inc. 7/10/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes ? Terracon Consultants Western, Inc. 7/31/96
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Aaron & Wright 3/19/96 EMG 4/12/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Cushman & Wakefield 3/19/96 Edward H. Kulijan Associates Inc. 6/11/96
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Hospitality Valuation Services 1/1/96 Eckland Consultants 1/4/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Hospitality Valuation Services 1/1/96 Eckland 1/5/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Aaron & Wright 1/4/96 Aaron & Wright 1/9/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Arthur Anderson 12/7/95 Eckland 1/4/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Arthur Anderson 12/1/95 Eckland 12/19/95
- ------------------------------------------------------------------------------------------------------------------------------------
No Grubbb & Ellis 7/31/96 Eckland
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Arthur Anderson 5/31/96 Paragon 7/10/96
- ------------------------------------------------------------------------------------------------------------------------------------
Kirkland and Company 5/22/96 EMG 6/3/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Hospitality Valuation Services 5/1/96 Eckland Consultants, Inc. 7/31/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Ratkovich & Associates 7/22/96 EMG 7/22/96
- ------------------------------------------------------------------------------------------------------------------------------------
Arthur Anderson 11/7/95 Paragon 11/22/95
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Aaron & Wright 6/12/96 EMG 6/24/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Burke, Hansen, Inc. 12/7/95 Eckland 1/31/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Lippman, Frizzell & Mitchell 9/15/95 Eckland 11/7/95
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Patrick C. Kerr Appraisal Inc. 1/16/96 EMG 1/29/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Aaron & Wright, Inc 3/15/96 Eckland 3/15/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Hospitality Appraisal Services, LLC 3/11/96 Eckland 3/11/96
- ------------------------------------------------------------------------------------------------------------------------------------
Aaron & Wright 12/28/95 EMG 1/9/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Butler & Burgher, Inc. 6/17/96 Eckland 6/20/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Aaron & Wright 2/6/96 Aaron & Wright 2/16/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Aaron & Wright 3/27/96 Aaron & Wright 4/9/96
- ------------------------------------------------------------------------------------------------------------------------------------
Hospitality Appraisal Services, LLC Eckland 3/18/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Aaron & Wright 1/15/96 Aaron & Wright Technical Services 1/2/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Hospitality Valuation Services 12/1/95 Eckland 11/20/95
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Aaron & Wright 4/17/96 Professional Service Industries 4/25/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Dargan/Whitington & Madox, Inc. 5/7/96 Eckland Consultants, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Aaron & Wright, Inc. 7/16/96 Aaron & Wright Technical Services 7/22/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Aaron & Wright 6/14/96 Aaron & Wright 7/1/96
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 23
<PAGE>
<TABLE>
<CAPTION>
Strats
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Aaron & Wright 5/16/96 Paragon 5/30/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Aaron & Wright 5/20/96 EMG 5/30/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Aaron & Wright 5/13/96 Aaron & Wright 6/10/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Hospitality Valuation Services 1/1/96 Eckland 1/11/96
- ------------------------------------------------------------------------------------------------------------------------------------
Yes Weibel & Associates 12/9/95 Eckland 1/23/96
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
HVS 8/1/96 Eckland 7/16/96
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
====================================================================================================================================
</TABLE>
Page 24
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
Strats
- ------------------------------------------------------------------------------------------------------------------------------------
ENG_ ENG_
ENG_SUG_ ENG_ACT_ U/W_ SUG_ ACT_
ENV_SUG_RES ENV_ACT_RES ENG_FIRM ENG_DATE UPFRONT UPFRONT ONGOING ONGOING ONGOING
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C><C> <C> <C> <C> <C> <C> <C>
EMG 8/9/96 3,853
- ------------------------------------------------------------------------------------------------------------------------------------
0 Aaron & Wright 7/8/96 197,709 247,136 6970 15,120
- ------------------------------------------------------------------------------------------------------------------------------------
spill containment ? Eckland Consultants 8/9/96 6531 17,149
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
1200 1500 Eckland 1/4/96 3,500 43750 0.38 16018 18,360
- ------------------------------------------------------------------------------------------------------------------------------------
Aaron & Wright 5/29/96 12,000 15000 0.20 10918 14,023
- ------------------------------------------------------------------------------------------------------------------------------------
900 1125 EMG 4/3/96 7,095 8870 7805 10,075
- ------------------------------------------------------------------------------------------------------------------------------------
0 0 Eckland 11/30/95 26,201 0 897 8,545
- ------------------------------------------------------------------------------------------------------------------------------------
600 0 RERC Environmental 2/1/96 54,275 67,844 10000 16,052
- ------------------------------------------------------------------------------------------------------------------------------------
EMG 6/26/96 4118 17,342
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 4/30/96 14,398
- ------------------------------------------------------------------------------------------------------------------------------------
Aaron & Wright 3/14/96 500 0 15936 20,152
- ------------------------------------------------------------------------------------------------------------------------------------
0 EMG 6/6/96 - 11255 21,912
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 4/18/96 35,000 43750
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
700 Project Resources, Inc. 8/2/96 24,670 22116 34,225
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 3/13/96 8,500 10625 14,253
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 2/27/96 231,669 289,586 36345 82,301
- ------------------------------------------------------------------------------------------------------------------------------------
2250 2250 EMG 7/2/96 4,200 52,500 42791 88,629
- ------------------------------------------------------------------------------------------------------------------------------------
Inspection & Valuation
International 1/31/96 67,400 88475 17931 29,007
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
2950 3687 EMG 6/4/96 64,810 81,013
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
450 563 EMG 6/4/96 - 0 4782 21,000
- ------------------------------------------------------------------------------------------------------------------------------------
1700 EMG 3/25/96 17165 21,527
- ------------------------------------------------------------------------------------------------------------------------------------
0 0 EMG 4/29/96 - 0 11414 29,250
- ------------------------------------------------------------------------------------------------------------------------------------
450 0 EMG 4/17/96 - 0 62977 85,250
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Aaron & Wright Technical
Services 6/19/96 1,250 10436 12,827
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 25
<PAGE>
<TABLE>
<CAPTION>
Strats
<S> <C> <C><C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
0 Todd & Associates 4/11/96 27,540 34,425 25.00 0 -
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 6/25/96 7,800 9,750
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 2/6/96 6,900 12919
- ------------------------------------------------------------------------------------------------------------------------------------
0 Eckland Consultants, Inc. 6/17/96 8,500 10,625 -
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 5/22/96 4,560 5700
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 11/29/95 6,500 8126
- ------------------------------------------------------------------------------------------------------------------------------------
0 Eckland 6/14/96 0
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 2/5/96
- ------------------------------------------------------------------------------------------------------------------------------------
1500 1875 Eckland 1/29/96 6,000 7500
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 6/20/96 8125
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 2/2/96 500
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 1/9/96 108,000 135000 6,930
- ------------------------------------------------------------------------------------------------------------------------------------
0 Eckland 6/18/96 8,500 10,625 -
- ------------------------------------------------------------------------------------------------------------------------------------
5000 Ellis Naeyaert Genheimer
Associates Limited Partnership 11/22/95 4,706 5883
- ------------------------------------------------------------------------------------------------------------------------------------
0 Eckland 2/12/96 2,860 0
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 1/9/96
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 7,500
- ------------------------------------------------------------------------------------------------------------------------------------
0 Eckland 2/19/96 50,500 63,125 -
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 1/12/96 30,500 38125
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 1/15/96 29000
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 11/30/95
- ------------------------------------------------------------------------------------------------------------------------------------
0 Eckland 2/14/96 48,000 60,000 -
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 3/13/96 20,900 36125
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
900 0 EMG 8/1/96 81,900 44,613 16740 16,740
- ------------------------------------------------------------------------------------------------------------------------------------
Consulting Solutions, Inc. 4/15/96 54,282 67,853 20324 26,650
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 6/27/96 8,580 10725 10067 15,200
- ------------------------------------------------------------------------------------------------------------------------------------
0 Aaron & Wright 10/6/95 53,175 66469 28313 36,320
- ------------------------------------------------------------------------------------------------------------------------------------
2920 Aaron & Wright 10/9/95 343275 37,083
- ------------------------------------------------------------------------------------------------------------------------------------
Building Evaluation Services
& Technology 8/21/95 219,250 384376 40078 45,561
- ------------------------------------------------------------------------------------------------------------------------------------
0 Aaron & Wright 6/3/96 37,706 47,133 44775 53,443
- ------------------------------------------------------------------------------------------------------------------------------------
6264 6264 Eckland Consultants, Inc. 11,125 13906 5439 21,600
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 11/28/95 121,300 151625 7,500
- ------------------------------------------------------------------------------------------------------------------------------------
0 Aaron & Wright 6/3/96 73,790 92,238 75159 89,123
- ------------------------------------------------------------------------------------------------------------------------------------
0 Aaron & Wright 10/9/95 131,300 164125 40387 51,259
- ------------------------------------------------------------------------------------------------------------------------------------
9000 11250 Building Diagnostics 7/15/95 246,459 308074 31200 40,000
- ------------------------------------------------------------------------------------------------------------------------------------
0 0 Building Diagnostics 6/6/96 124,750 155,938 54818 56,700
- ------------------------------------------------------------------------------------------------------------------------------------
0 0 Eckland 6/22/96 42,200 52750 46045 57,137
- ------------------------------------------------------------------------------------------------------------------------------------
15450 18750 EMG 5/16/96 39,870 49838 40379 40,379
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 26
<PAGE>
<TABLE>
<CAPTION>
Strats
<S> <C> <C><C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
0 Eckland 8/8/96 8750 36,600
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 8/2/96 92,200 115,250 50407 57,583
- ------------------------------------------------------------------------------------------------------------------------------------
The HDH Partnership 2/15/96 60,960 235060 140490
- ------------------------------------------------------------------------------------------------------------------------------------
Aaron & Wright 2/13/96 228,500 306478 108854 140,496
- ------------------------------------------------------------------------------------------------------------------------------------
Adams Consulting Engineers Jul-94 88,105 81,500
- ------------------------------------------------------------------------------------------------------------------------------------
Project Resources, Inc. 7/10/96 302,750 303,000 245250 245350 294,300
- ------------------------------------------------------------------------------------------------------------------------------------
0 0 Abacus Project Management, Inc. 7/22/96 186,800 196140 87913 105,000
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
3750 4688 EMG 3/25/96 19,500 24375 0.23 3056 33,632
- ------------------------------------------------------------------------------------------------------------------------------------
300 3750 Edward H. Kulijan Associates Inc. 6/11/96 165,500 206,875 33275 109,441
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 1/3/96 625 781 0.05 13660 18,200
- ------------------------------------------------------------------------------------------------------------------------------------
1300 1950 Eckland 1/5/96 50 63 0.05 15659 20,716
- ------------------------------------------------------------------------------------------------------------------------------------
0 0 Aaron & Wright 1/9/96 - 0 0.04 13470 27,144
- ------------------------------------------------------------------------------------------------------------------------------------
0 Eckland 12/30/95 5,800 7,250 0.05 28691 36,632
- ------------------------------------------------------------------------------------------------------------------------------------
0 Eckland 12/7/95 22,438 0.05 36,632
- ------------------------------------------------------------------------------------------------------------------------------------
0 Eckland 9/21/95 12,625 0.05 34,386
- ------------------------------------------------------------------------------------------------------------------------------------
0 Paragon 7/10/96 0 0.05 12222 42,504
- ------------------------------------------------------------------------------------------------------------------------------------
0 EMG 6/3/96 0 0.05 43,386
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland Consultants, Inc. 7/30/96 71,225 13956 0.05 50953 61,677
- ------------------------------------------------------------------------------------------------------------------------------------
450 0 EMG 7/22/96 22,500 28,125 0.05 22671 31,795
- ------------------------------------------------------------------------------------------------------------------------------------
Paragon 1/16/96 119899
- ------------------------------------------------------------------------------------------------------------------------------------
450 0 EMG 6/28/96 2,700 0 0.05 25719 57,352
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 11/30/95 4,325 5046 0.05 17360 56,086
- ------------------------------------------------------------------------------------------------------------------------------------
0 0 Eckland 10/30/95 50,894 63618 0.05 29377 53,673
- ------------------------------------------------------------------------------------------------------------------------------------
0 EMG 4/17/96 0 0.05 61,517 84,985
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 3/15/96 0 0.05 75,635
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 3/8/96 79,900 64500 0.05 63014 83,414
- ------------------------------------------------------------------------------------------------------------------------------------
EMG 1/15/96 0.05 78,320
- ------------------------------------------------------------------------------------------------------------------------------------
0 Eckland 6/20/96 9,900 24,375 0.05 38374 74,706
- ------------------------------------------------------------------------------------------------------------------------------------
Aaron & Wright 2/16/96 36,250 45313 0.05 40397 118,293
- ------------------------------------------------------------------------------------------------------------------------------------
0 0 Aaron & Wright 4/9/96 2,300 0 0.05 13755 78,505
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 3/18/96 32,900 41125 0.05 37580 83,591
- ------------------------------------------------------------------------------------------------------------------------------------
0 0 Aaron & Wright Technical Services 1/24/96 25,700 32125 0.05 30395 99,631
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 11/20/95 718,855 898569 0.04 79318 186,347
- ------------------------------------------------------------------------------------------------------------------------------------
Professional Service Industries 5/13/96 64,980 0.05 0
- ------------------------------------------------------------------------------------------------------------------------------------
0 Eckland Consultants, Inc. 45,250 311200 0.05 39748 60,617
- ------------------------------------------------------------------------------------------------------------------------------------
Aaron & Wright Technical Services 7/22/96 24,000 26876 0.05 28971 72,506
- ------------------------------------------------------------------------------------------------------------------------------------
0 Aaron & Wright 7/1/96 91,125 0.05 66,632
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 27
<PAGE>
<TABLE>
<CAPTION>
Strats
<S> <C> <C><C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
0 0 Paragon 5/30/96 74,493 93,154 0.05 41,410 121,181
- ------------------------------------------------------------------------------------------------------------------------------------
450 563 EMG 5/30/96 11,691 14614 0.05 58734 149,800
- ------------------------------------------------------------------------------------------------------------------------------------
Aaron & Wright 5/13/96 29,250 36,563 0.05 28996 113,589
- ------------------------------------------------------------------------------------------------------------------------------------
Eckland 1/11/96 67,250 84063 0.05 106061 247,060
- ------------------------------------------------------------------------------------------------------------------------------------
450 563 Eckland 1/23/96 49,250 61,563 0.05 156112 189,184
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
3000 3750 Eckland 7/12/96 29,500 36875 0.05 64871 0
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
54,464 70,448 4,842,530 7,010,445
====================================================================================================================================
</TABLE>
Page 28
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
Strats
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
ACT_RES_PER_UNIT NOTES LENDER_ATTY
- ------------------------------------------------------------------------------------------------------------------------------------
Rollover reserve of $1,000 per month Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
0 Rollover escrowed ($30,000) Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
0 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Seasonality reserve of $100,000, $25K at closing,
$100K/yr for first 12 mos, then $50K for remainder Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
0 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
0 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
0 Rollover Reserve $62,691 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Rosenman & colin
- ------------------------------------------------------------------------------------------------------------------------------------
0
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
0 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
0 Seasonality reserve of $689,149
- ------------------------------------------------------------------------------------------------------------------------------------
Rollover reserve $350,000 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
0 Weil, Gothesol
- ------------------------------------------------------------------------------------------------------------------------------------
Kay, Scholer
- ------------------------------------------------------------------------------------------------------------------------------------
Dechert Price and Rhodes
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
250 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
0 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 29
<PAGE>
<TABLE>
<CAPTION>
Strats
<S> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
233 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
325 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
271
- ------------------------------------------------------------------------------------------------------------------------------------
254
- ------------------------------------------------------------------------------------------------------------------------------------
266
- ------------------------------------------------------------------------------------------------------------------------------------
290 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
200 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
245
- ------------------------------------------------------------------------------------------------------------------------------------
250 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
225 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
287 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
231 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 30
<PAGE>
<TABLE>
<CAPTION>
Strats
<S> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
229 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
234
- ------------------------------------------------------------------------------------------------------------------------------------
250
- ------------------------------------------------------------------------------------------------------------------------------------
Dechart Price & Rhodes
- ------------------------------------------------------------------------------------------------------------------------------------
61 Kaye, Scholer, Fieman, Hayes & Handler
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
0 Rollover up-front holdback $300,000 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
0 King & Spaulding
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
433
- ------------------------------------------------------------------------------------------------------------------------------------
334 Seasonality Escrow
- ------------------------------------------------------------------------------------------------------------------------------------
4% of gross
rev.
- ------------------------------------------------------------------------------------------------------------------------------------
516 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Seasonality
Reserve $50,000 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
589 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
956 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
660
- ------------------------------------------------------------------------------------------------------------------------------------
559 Seasonality Reserve
- ------------------------------------------------------------------------------------------------------------------------------------
Rollover reserve $35,000 Piper & Marbury
- ------------------------------------------------------------------------------------------------------------------------------------
610 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
652 Seasonality reserve of $40,000 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
495 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
735 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
516 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
2 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
687 Seasonality Escrow
- ------------------------------------------------------------------------------------------------------------------------------------
4% of gross
rev. Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
399 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
704
- ------------------------------------------------------------------------------------------------------------------------------------
Seasonality Reserve $45,000 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 31
<PAGE>
<TABLE>
<CAPTION>
Strats
<S> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
842 Seasonality Reserve Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
788 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
1,023 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
829
- ------------------------------------------------------------------------------------------------------------------------------------
815 Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Cadwalader, Wickersham & Taft
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
====================================================================================================================================
</TABLE>
Page 32
<PAGE>
