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Previous: PIONEER NATURAL RESOURCES CO, S-8, 1997-10-31 |
Next: MONEY STORE BUSINESS LOAN BACKED CERIFICATES SERIES 1997-1, 8-K, 1997-10-31 |
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
------------------------------------------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event report) 06-Oct-97
ClassNotes Trust 1997-I and the originators listed below under
Sale and Servicing Agreement, dated as of February 28, 1997
providing for the issuance of ClassNotes Trust 1997-1,
Asset Backed Series 1997-1
Trans-World Insurance Company
-----------------------------
ClassNotes Inc.
- -------------------------------------------------------------------------------
(Exact name of regristrant as specified in its charter)
New Jersey
--------------------
Arizona 333-18877-01 91-181-5460
------- ------------ -----------
State or other (Commission (IRS Employer
jurisdiction of File Number) ID Number)
incorporation)
2840 Morris Avenue, Union, New Jersey 07083
---------------------------------------------------------------------
(Address of principal executive officer)
Regristrant's Telephone Number, 908-686-2000
------------
including area code:
n/a
---------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
Item 5 Other Events
------------
Attached herein as Annex A is a copy of the Monthly Statement sent to Class A-1,
Class A-2 and Class A-3 Noteholders with respect to the following Distribution
Dates:
A-1............................................................... 06-Oct-97
14-Oct-97
20-Oct-97
27-Oct-97
A-2............................................................... 08-Oct-97
A-3............................................................... 15-Oct-97
Item 7 Financial Statements and Exhibits
---------------------------------
The Quarterly Report on Form 10Q for the period ended September 30, 1996 which
has been filed with the Securities and Exchange Commission by AMBAC Inc., is
hereby incorporated into this Form 8-K.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Trans-World Insurance Co.
By: \s\ Harry Puglisi
----------------------
Name: Harry Puglisi
Title: Treasurer
Dated: Oct 31, 1997
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
================================================================================
CLASSNOTES TRUST 1997 - I
NOTEHOLDERS' STATEMENT PURSUANT TO SECTION 5.7 (A) OF THE SALE & SERVICING
AGREEMENT
CLASS A-1 DETERMINATION DATE 09/30/97
CUSIP # 182743-AG9 DISTRIBUTION DATE 10/06/97
RECORD DATE 10/02/97
================================================================================
(I) AMOUNT OF PRINCIPAL BEING PAID OR DISTRIBUTED IN
RESPECT OF THE NOTES
CLASS A-1 NOTES 950,000.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 558.823529
(II) AMOUNT OF INTEREST BEING PAID OR DISTRIBUTED IN
RESPECT OF THE NOTES
CLASS A-1 NOTES 95,034.72
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 55.902778
(III) (A) AMOUNT OF NOTEHOLDERS' AUCTION RATE
INTEREST CARRYOVER BEING PAID OR DISTRIBUTED
IN RESPECT OF THE NOTES
CLASS A-1 NOTES 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 0.000000
(B) REMAINING AMOUNT OF NOTEHOLDERS' AUCTION
RATE INTEREST CARRYOVER TO BE PAID OR DISTRIBUTED
IN RESPECT OF THE NOTES
CLASS A-1 NOTES 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 0.000000
(IV) POOL BALANCE AT END OF PRECEDING COLLECTION PERIOD 275,650,371.53
(V) OUTSTANDING PRINCIPAL AMOUNT AFTER GIVING EFFECT TO
DISTRIBUTIONS ON THIS NOTE DISTRIBUTION DATE:
CLASS A-1 NOTES 84,050,000.00
(VI) APPLICABLE INTEREST RATE:
(A) IN GENERAL:
1. AUCTION RATE FOR THE PRIOR INTEREST PERIOD:
CLASS A-1 NOTES
PERIOD 1 5.600000%
PERIOD 2 5.630000%
PERIOD 3 5.630000%
CURRENT RATE (BASED ON AUCTION) 5.750000%
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.594000%
PERIOD 2 6.700000%
PERIOD 3 6.770000%
(B) AMOUNT OF INTEREST THAT WOULD
HAVE BEEN PAID ON SUCH NOTE
DISTRIBUTION DATE IF INTEREST
WAS CALCULATED INSTEAD BASED ON
THE NET LOAN RATE 111,893.06
(VII) (A) SERVICE FEE FOR RELATED COLLECTION PERIOD
(PRO RATA) 32,056.62
PER $50,000 ORIGINAL PRINCIPAL AMOUNT
OF THE NOTES 18.856835
(B) SERVICE FEE CARRYOVER FOR RELATED COLLECTION
PERIOD
1. DISTRIBUTED 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT
OF THE NOTES 0.000000
2. REMAINING BALANCE 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT
OF THE NOTES 0.000000
(VIII) AMOUNT OF FEES FOR RELATED COLLECTION PERIOD:
1. ADMINISTRATION FEE (PRO RATA) 1,076.88
PER $50,000 ORIGINAL PRINCIPAL AMOUNT
OF THE NOTES 0.633459
2. AUCTION AGENT FEE (PRO RATA) 1,280.28
PER $50,000 ORIGINAL PRINCIPAL AMOUNT
OF THE NOTES 0.753109
3. INDENTURE TRUSTEE FEE (PRO RATA) 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT
OF THE NOTES 0.000000
4. ELIGIBLE LENDER TRUSTEE FEE (PRO RATA) 614.34
PER $50,000 ORIGINAL PRINCIPAL
AMOUNT OF THE NOTES 0.361376
5. SURETY PROVIDER FEE (PRO RATA) 5,743.33
PER $50,000 ORIGINAL PRINCIPAL AMOUNT
OF THE NOTES 3.378431
(IX) AMOUNT OF PAYMENTS TO THE SURETY PROVIDER IN
REIMBURSEMENT OF PRIOR DRAWS UNDER ANY NOTE
SURETY BOND OR CERTIFICATE SURETY BOND 0.00
(X) AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED
COLLECTION PERIOD 0.00
(XI) AGGREGATE AMOUNT RECEIVED WITH RESPECT TO FINANCED
STUDENT LOANS FOR WHICH REALIZED LOSSES WERE
ALLOCATED PREVIOUSLY 0.00
(XII) (A) AMOUNT OF THE DISTRIBUTION ATTRIBUTABLE TO
AMOUNTS IN THE RESERVE ACCOUNT 0.00
(B) AMOUNT OF ANY OTHER WITHDRAWALS FROM THE
RESERVE ACCOUNT FOR SUCH DISTRIBUTION DATE 0.00
(C) AMOUNT IN THE RESERVE ACCOUNT 0.00
(XIII) AMOUNT OF ANY DRAW REQUIRED TO BE MADE UNDER A NOTE
SURETY BOND (TOGETHER WITH ANY OTHER INFORMATION
REQUIRED TO MAKE SUCH DRAW) 0.00
</TABLE>
5
<PAGE>
<TABLE>
<S> <C> <C>
(XIV) (A) PORTION (IF ANY) OF THE DISTRIBUTION ATTRIBUTABLE TO AMOUNTS ON
DEPOSIT IN THE PRE-FUNDING ACCOUNT 0.00
(B) AMOUNT IN THE PRE-FUNDING ACCOUNT 409,191.53
(XV) AGGREGATE AMOUNT (IF ANY) PAID BY THE ELIGIBLE LENDER TRUSTEE FOR
ADDITIONAL FINANCED STUDENT LOANS DURING THE PRECEDING COLLECTION
PERIOD 0.00
(XVI) AMOUNT IN THE PRE-FUNDING ACCOUNT AT THE END OF THE FUNDING PERIOD
TO BE DISTRIBUTED AS A PAYMENT OF PRINCIPAL IN RESPECT OF:
(A) CLASS A-1 NOTES 0.00
(B) CLASS A-1 NOTES (ONLY IF CLASS___ NOTES
HAVE BEEN PAID IN FULL) 0.00
(XVII) AGGREGATE AMOUNT (IF ANY) PAID FOR FINANCED STUDENT LOANS DURING
THE PRECEDING COLLECTION PERIOD. 0.00
(XVIII) AS OF THE END OF THE PRECEDING COLLECTION PERIOD:
(A) NUMBER OF FINANCED STUDENT LOANS THAT ARE 30 TO 60 DAYS 2,152,785.84
DELINQUENT
(B) NUMBER OF FINANCED STUDENT LOANS THAT ARE 61 TO 90 DAYS 701,832.20
DELINQUENT
(C) NUMBER OF FINANCED STUDENT LOANS THAT ARE 91 TO 180 DAYS 590,153.74
DELINQUENT
(D) NUMBER OF FINANCED STUDENT LOANS THAT ARE MORE THAN 181 95,350.35
DAYS DELINQUENT
(E) NUMBER OF FINANCED STUDENT LOANS FOR WHICH CLAIMS HAVE
BEEN FILED WITH THE APPROPRIATE GUARANTOR AND WHICH ARE
AWAITING PAYMENT 19,489.00
(XIX) PARITY PERCENTAGE NUMERATOR 293,159,934.67
--------------
AS OF 08/31/97 DENOMINATOR 293,055,779.87 100.04%
(XX) EXCESS OF AMOUNTS DEPOSITED INTO THE COLLECTION
ACCOUNT WITH RESPECT TO THE SALE BY THE TRUST OF
SERIAL LOANS OVER THE AGGREGATE PURCHASE AMOUNT
OF SUCH LOANS (SUCH EXCESS TO BE DISTRIBUTED TO
STUDENT HOLDINGS) 24,306.05
(XXI) AMOUNT OF ADDITIONAL PRINCIPAL PAYMENTS, IF ANY, MADE ON
SUCH DISTRIBUTION DATE 0.00
THE MONEY STORE, INC.
BY: \S\ HARRY PUGLISI
- ---------------------
HARRY PUGLISI
TREASURER
</TABLE>
<PAGE>
TRANS-WORLD INSURANCECOMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
================================================================================
CLASSNOTES TRUST 1997 - I
NOTEHOLDERS' STATEMENT PURSUANT TO SECTION 5.7 (A) OF THE SALE & SERVICING
AGREEMENT
CLASS A-1 DETERMINATION 10/08/97
DATE
CUSIP # 182743-AG9 DISTRIBUTION 10/14/97
DATE
RECORD DATE 10/09/97
================================================================================
<TABLE>
<S> <C>
(I) AMOUNT OF PRINCIPAL BEING PAID OR DISTRIBUTED IN
RESPECT OF THE NOTES
CLASS A-1 NOTES 0.00
PER $50,000 ORIGINAL PRINCIPAL 0.000000
AMOUNT OF THE NOTES
(II) AMOUNT OF INTEREST BEING PAID OR DISTRIBUTED IN
RESPECT OF THE NOTES
CLASS A-1 NOTES 104,875.72
PER $50,000 ORIGINAL PRINCIPAL 62.388889
AMOUNT OF THE NOTES
(III) (A) AMOUNT OF NOTEHOLDERS' AUCTION RATE
INTEREST CARRYOVER BEING PAID OR DISTRIBUTED
IN RESPECT OF THE NOTES
CLASS A-1 NOTES 0.00
PER $50,000 ORIGINAL PRINCIPAL 0.000000
AMOUNT OF THE NOTES
(B) REMAINING AMOUNT OF NOTEHOLDERS' AUCTION
RATE INTEREST CARRYOVER TO BE PAID OR DISTRIBUTED
IN RESPECT OF THE NOTES
CLASS A-1 NOTES 0.00
PER $50,000 ORIGINAL PRINCIPAL 0.000000
AMOUNT OF THE NOTES
(IV) POOL BALANCE AT END OF PRECEDING COLLECTION PERIOD 275,650,371.53
(V) OUTSTANDING PRINCIPAL AMOUNT AFTER GIVING EFFECT TO
DISTRIBUTIONS ON THIS NOTE DISTRIBUTION DATE:
CLASS A-1 NOTES 84,050,000.00
(VI) APPLICABLE INTEREST RATE:
(A) IN GENERAL:
1. AUCTION RATE FOR THE PRIOR
INTEREST PERIOD:
CLASS A-1 NOTES
PERIOD 1 5.630000%
PERIOD 2 5.630000%
PERIOD 3 5.750000%
CURRENT RATE (BASED ON AUCTION) 5.615000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.700000%
PERIOD 2 6.770000%
PERIOD 3 6.596000%
(B) AMOUNT OF INTEREST THAT WOULD HAVE BEEN PAID
ON SUCH NOTE DISTRIBUTION DATE IF INTEREST WAS
CALCULATED INSTEAD BASED ON THE NET LOAN RATE 123,198.62
(VII) (A) SERVICE FEE FOR RELATED COLLECTION PERIOD (PRO RATA) 32,056.62
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 19.069970
(B) SERVICE FEE CARRYOVER FOR RELATED COLLECTION PERIOD
1. DISTRIBUTED 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 0.000000
2. REMAINING BALANCE 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 0.000000
(VIII) AMOUNT OF FEES FOR RELATED COLLECTION PERIOD:
1. ADMINISTRATION FEE (PRO RATA) 1,076.88
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 0.640619
2. AUCTION AGENT FEE (PRO RATA) 1,280.28
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 0.761621
3. INDENTURE TRUSTEE FEE (PRO RATA) 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 0.000000
4. ELIGIBLE LENDER TRUSTEE FEE (PRO RATA) 614.34
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 0.365460
5. SURETY PROVIDER FEE (PRO RATA) 5,743.33
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 3.416617
(IX) AMOUNT OF PAYMENTS TO THE SURETY PROVIDER IN REIMBURSEMENT
OF PRIOR DRAWS UNDER ANY NOTE SURETY BOND OR CERTIFICATE
SURETY BOND 0.00
(X) AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED COLLECTION
PERIOD 0.00
(XI) AGGREGATE AMOUNT RECEIVED WITH RESPECT TO FINANCED STUDENT
LOANS FOR WHICH REALIZED LOSSES WERE ALLOCATED PREVIOUSLY 0.00
(XII) (A) AMOUNT OF THE DISTRIBUTION ATTRIBUTABLE TO AMOUNTS
IN THE RESERVE ACCOUNT 0.00
(B) AMOUNT OF ANY OTHER WITHDRAWALS FROM THE RESERVE
ACCOUNT FOR SUCH DISTRIBUTION DATE 0.00
(C) AMOUNT IN THE RESERVE ACCOUNT 0.00
(XIII ) AMOUNT OF ANY DRAW REQUIRED TO BE MADE UNDER A NOTE SURETY
BOND (TOGETHER WITH ANY OTHER INFORMATION REQUIRED TO MAKE
SUCH DRAW) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
(XIV) (A) PORTION (IF ANY) OF THE DISTRIBUTION ATTRIBUTABLE TO AMOUNTS ON
DEPOSIT IN THE PRE-FUNDING ACCOUNT 0.00
(B) AMOUNT IN THE PRE-FUNDING ACCOUNT 409,191.53
(XV) AGGREGATE AMOUNT (IF ANY) PAID BY THE ELIGIBLE LENDER TRUSTEE FOR
ADDITIONAL FINANCED STUDENT LOANS DURING THE PRECEDING COLLECTION
PERIOD 0.00
(XVI) AMOUNT IN THE PRE-FUNDING ACCOUNT AT THE END OF THE FUNDING PERIOD
TO BE DISTRIBUTED AS A PAYMENT OF PRINCIPAL IN RESPECT OF:
(A) CLASS A-1 NOTES 0.00
(B) CLASS A-1 NOTES (ONLY IF CLASS___ NOTES
HAVE BEEN PAID IN FULL) 0.00
(XVII) AGGREGATE AMOUNT (IF ANY) PAID FOR FINANCED STUDENT LOANS DURING
THE PRECEDING COLLECTION PERIOD. 0.00
(XVIII) AS OF THE END OF THE PRECEDING COLLECTION PERIOD:
(A) NUMBER OF FINANCED STUDENT LOANS THAT ARE 30 TO 60 DAYS 2,152,785.84
DELINQUENT
(B) NUMBER OF FINANCED STUDENT LOANS THAT ARE 61 TO 90 DAYS 701,832.20
DELINQUENT
(C) NUMBER OF FINANCED STUDENT LOANS THAT ARE 91 TO 180 DAYS 590,153.74
DELINQUENT
(D) NUMBER OF FINANCED STUDENT LOANS THAT ARE MORE THAN 181 95,350.35
DAYS DELINQUENT
(E) NUMBER OF FINANCED STUDENT LOANS FOR WHICH CLAIMS HAVE
BEEN FILED WITH THE APPROPRIATE GUARANTOR AND WHICH ARE
AWAITING PAYMENT 19,489.00
(XIX) PARITY PERCENTAGE NUMERATOR 293,159,934.67
--------------
AS OF 08/31/97 DENOMINATOR 293,055,779.87 100.04%
(XX) EXCESS OF AMOUNTS DEPOSITED INTO THE COLLECTION
ACCOUNT WITH RESPECT TO THE SALE BY THE TRUST OF
SERIAL LOANS OVER THE AGGREGATE PURCHASE AMOUNT
OF SUCH LOANS (SUCH EXCESS TO BE DISTRIBUTED TO
STUDENT HOLDINGS) 24,306.05
(XXI) AMOUNT OF ADDITIONAL PRINCIPAL PAYMENTS, IF ANY, MADE ON
SUCH DISTRIBUTION DATE 0.00
THE MONEY STORE, INC.
BY: /s/ HARRY PUGLISI
- ----------------------
HARRY PUGLISI
TREASURER
</TABLE>
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
<TABLE>
<CAPTION>
==================================================================================================
CLASSNOTES TRUST 1997 - I
NOTEHOLDERS' STATEMENT PURSUANT TO SECTION 5.7 (A) OF THE SALE & SERVICING AGREEMENT
CLASS A-1 DETERMINATION DATE 10/14/97
CUSIP # 182743-AG9 DISTRIBUTION DATE 10/20/97
RECORD DATE 10/16/97
==================================================================================================
<S> <C>
(I) AMOUNT OF PRINCIPAL BEING PAID OR DISTRIBUTED IN
RESPECT OF THE NOTES
CLASS A-1 NOTES 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 0.000000
(II) AMOUNT OF INTEREST BEING PAID OR DISTRIBUTED IN
RESPECT OF THE NOTES
CLASS A-1 NOTES 78,446.67
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 46.666667
(III) (A) AMOUNT OF NOTEHOLDERS' AUCTION RATE
INTEREST CARRYOVER BEING PAID OR DISTRIBUTED
IN RESPECT OF THE NOTES
CLASS A-1 NOTES 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 0.000000
(B) REMAINING AMOUNT OF NOTEHOLDERS' AUCTION
RATE INTEREST CARRYOVER TO BE PAID OR DISTRIBUTED
IN RESPECT OF THE NOTES
CLASS A-1 NOTES 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 0.000000
(IV) POOL BALANCE AT END OF PRECEDING COLLECTION PERIOD 273,143,888.50
(V) OUTSTANDING PRINCIPAL AMOUNT AFTER GIVING EFFECT TO
DISTRIBUTIONS ON THIS NOTE DISTRIBUTION DATE:
CLASS A-1 NOTES 84,050,000.00
(VI) APPLICABLE INTEREST RATE:
(A) IN GENERAL:
1. AUCTION RATE FOR THE PRIOR INTEREST PERIOD:
CLASS A-1 NOTES
PERIOD 1 5.630000%
PERIOD 2 5.750000%
PERIOD 3 5.615000%
CURRENT RATE (BASED ON AUCTION) 5.600000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
PERIOD 1 6.700000%
PERIOD 2 6.770000%
PERIOD 3 6.596000%
(B) AMOUNT OF INTEREST THAT WOULD
HAVE BEEN PAID ON SUCH NOTE
DISTRIBUTION DATE IF INTEREST
WAS CALCULATED INSTEAD BASED
ON THE NET LOAN RATE 92,398.97
(VII) (A) SERVICE FEE FOR RELATED COLLECTION PERIOD
(PRO RATA) 31,159.84
PER $50,000 ORIGINAL PRINCIPAL AMOUNT
OF THE NOTES 18.536490
(B) SERVICE FEE CARRYOVER FOR RELATED COLLECTION
PERIOD
1. DISTRIBUTED 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT
OF THE NOTES 0.000000
2. REMAINING BALANCE 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT
OF THE NOTES 0.000000
(VIII) AMOUNT OF FEES FOR RELATED COLLECTION PERIOD:
1. ADMINISTRATION FEE (PRO RATA) 1,062.50
PER $50,000 ORIGINAL PRINCIPAL AMOUNT
OF THE NOTES 0.632064
2. AUCTION AGENT FEE (PRO RATA) 3,789.58
PER $50,000 ORIGINAL PRINCIPAL AMOUNT
OF THE NOTES 2.254362
3. INDENTURE TRUSTEE FEE (PRO RATA) 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT
OF THE NOTES 0.000000
4. ELIGIBLE LENDER TRUSTEE FEE (PRO RATA) 608.53
PER $50,000 ORIGINAL PRINCIPAL AMOUNT
OF THE NOTES 0.362007
5. SURETY PROVIDER FEE (PRO RATA) 5,855.56
PER $50,000 ORIGINAL PRINCIPAL AMOUNT
OF THE NOTES 3.483376
(IX) AMOUNT OF PAYMENTS TO THE SURETY PROVIDER IN
REIMBURSEMENT OF PRIOR DRAWS UNDER ANY NOTE
SURETY BOND OR CERTIFICATE SURETY BOND 0.00
(X) AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED
COLLECTION PERIOD 0.00
(XI) AGGREGATE AMOUNT RECEIVED WITH RESPECT TO FINANCED
STUDENT LOANS FOR WHICH REALIZED LOSSES WERE
ALLOCATED PREVIOUSLY 0.00
(XII) (A) AMOUNT OF THE DISTRIBUTION ATTRIBUTABLE TO
AMOUNTS IN THE RESERVE ACCOUNT 0.00
(B) AMOUNT OF ANY OTHER WITHDRAWALS FROM THE
RESERVE ACCOUNT FOR SUCH DISTRIBUTION DATE 0.00
(C) AMOUNT IN THE RESERVE ACCOUNT 0.00
(XIII) AMOUNT OF ANY DRAW REQUIRED TO BE MADE UNDER A NOTE
SURETY BOND (TOGETHER WITH ANY OTHER INFORMATION
REQUIRED TO MAKE SUCH DRAW) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(XIV) (A) PORTION (IF ANY) OF THE DISTRIBUTION ATTRIBUTABLE TO AMOUNTS ON
DEPOSIT IN THE PRE-FUNDING ACCOUNT 0.00
(B) AMOUNT IN THE PRE-FUNDING ACCOUNT 6,737.07
(XV) AGGREGATE AMOUNT (IF ANY) PAID BY THE ELIGIBLE LENDER TRUSTEE FOR
ADDITIONAL FINANCED STUDENT LOANS DURING THE PRECEDING COLLECTION
PERIOD 0.00
(XVI) AMOUNT IN THE PRE-FUNDING ACCOUNT AT THE END OF THE FUNDING PERIOD
TO BE DISTRIBUTED AS A PAYMENT OF PRINCIPAL IN RESPECT OF:
(A) CLASS A-1 NOTES 0.00
(B) CLASS A-1 NOTES (ONLY IF CLASS___ NOTES
HAVE BEEN PAID IN FULL) 0.00
(XVII) AGGREGATE AMOUNT (IF ANY) PAID FOR FINANCED STUDENT LOANS DURING
THE PRECEDING COLLECTION PERIOD. 0.00
(XVIII) AS OF THE END OF THE PRECEDING COLLECTION PERIOD:
(A) NUMBER OF FINANCED STUDENT LOANS THAT ARE 30 TO 60 DAYS 1,872,780.88
DELINQUENT
(B) NUMBER OF FINANCED STUDENT LOANS THAT ARE 61 TO 90 DAYS 1,079,221.89
DELINQUENT
(C) NUMBER OF FINANCED STUDENT LOANS THAT ARE 91 TO 180 DAYS 702,233.19
DELINQUENT
(D) NUMBER OF FINANCED STUDENT LOANS THAT ARE MORE THAN 181 233,710.83
DAYS DELINQUENT
(E) NUMBER OF FINANCED STUDENT LOANS FOR WHICH CLAIMS HAVE
BEEN FILED WITH THE APPROPRIATE GUARANTOR AND WHICH ARE
AWAITING PAYMENT 19,489.00
(XIX) PARITY PERCENTAGE NUMERATOR 291,760,024.43
--------------
AS OF 09/30/97 DENOMINATOR 291,657,890.64 100.04%
(XX) EXCESS OF AMOUNTS DEPOSITED INTO THE COLLECTION
ACCOUNT WITH RESPECT TO THE SALE BY THE TRUST OF
SERIAL LOANS OVER THE AGGREGATE PURCHASE AMOUNT
OF SUCH LOANS (SUCH EXCESS TO BE DISTRIBUTED TO
STUDENT HOLDINGS) 34,025.86
(XXI) AMOUNT OF ADDITIONAL PRINCIPAL PAYMENTS, IF ANY, MADE ON
SUCH DISTRIBUTION DATE 0.00
</TABLE>
THE MONEY STORE, INC.
BY: \s\ HARRY PUGLISI
- ----------------------
HARRY PUGLISI
TREASURER
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
<TABLE>
<CAPTION>
====================================================================================================
CLASSNOTES TRUST 1997-1
NOTEHOLDER'S STATEMENT PURSUANT TO SECTION 5.7 (A) OF THE SALE & SERVICING AGREEMENT
CLASS A-1 DETERMINATION DATE 10/21/97
CUSIP # 182743-AG9 DISTRIBUTION DATE 10/27/97
RECORD DATE 10/23/97
====================================================================================================
<S> <C>
(I) AMOUNT OF PRINCIPAL BEING PAID OR DISTRIBUTED IN
RESPECT OF THE NOTES
CLASS A-1 NOTES 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 0.000000
(II) AMOUNT OF INTEREST BEING PAID OR DISTRIBUTED IN
RESPECT OF NOTES
CLASS A-1 NOTES 91,521.11
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 54.444444
(III) (A) AMOUNT OF NOTEHOLDERS' AUCTION RATE
INTEREST CARRYOVER BEING PAID OR DISTRIBUTED
IN RESPECT OF THE NOTES
CLASS A-1 NOTES 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 0.000000
(B) REMAINING AMOUNT OF NOTEHOLDERS' AUCTION
RATE INTEREST CARRYOVER TO BE PAID OR DISTRIBUTED
IN RESPECT OF THE NOTES
CLASS A-1 NOTES 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 0.000000
(IV) POOL BALANCE AT END OF PRECEDING COLLECTION PERIOD 273,143,888.50
(V) OUTSTANDING PRINCIPAL AMOUNT AFTER GIVING EFFECT TO
DISTRIBUTIONS ON THIS NOTE DISTRIBUTION DATE:
CLASS A-1 NOTES 84,050,000.00
(VI) APPLICABLE INTEREST RATE:
(A) IN GENERAL:
1. AUCTION RATE FOR THE PRIOR INTEREST PERIOD:
CLASS A-1 NOTES
PERIOD 1 5.750000%
PERIOD 2 5.615000%
PERIOD 3 5.600000%
CURRENT RATE (BASED ON AUCTION) 5.600000%
</TABLE>
<PAGE>
2. NET LOAN RATE
PERIOD 1 6.700000%
PERIOD 2 6.770000%
PERIOD 3 6.596000%
(B) AMOUNT OF INTEREST THAT WOULD HAVE BEEN PAID
ON SUCH NOTE DISTRIBUTION DATE IF INTEREST WAS
CALCULATED INSTEAD BASED ON THE NET LOAN RATE 107,798.79
(VII) (A) SERVICE FEE FOR RELATED COLLECTION PERIOD (PRO RATA) 31,159.84
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 18.536490
(B) SERVICE FEE CARRYOVER FOR RELATED COLLECTION PERIOD
1. DISTRIBUTED 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 0.000000
2. REMAINING BALANCE 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 0.000000
(VIII) AMOUNT OF FEES FOR RELATED COLLECTION PERIOD:
1. ADMINISTRATION FEE (PRO RATA) 1,062.50
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 0.632064
2. AUCTION AGENT FEE (PRO RATA) 3,789.58
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 2.254362
3. INDENTURE TRUSTEE FEE (PRO RATA) 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 0.000000
4. ELIGIBLE LENDER TRUSTEE FEE (PRO RATA) 608.53
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 0.362007
5. SURETY PROVIDER FEE (PRO RATA) 5,855.56
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 3.483376
(IX) AMOUNT OF PAYMENTS TO THE SURETY PROVIDER IN REIMBURSEMENT
OF PRIOR DRAWS UNDER ANY NOTE SURETY BOND OR CERTIFICATE
SURETY BOND 0.00
(X) AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED COLLECTION
PERIOD 0.00
(XI) AGGREGATE AMOUNT RECEIVED WITH RESPECT TO FINANCED STUDENT
LOANS FOR WHICH REALIZED LOSSES WERE ALLOCATED PREVIOUSLY 0.00
(XII) (A) AMOUNT OF THE DISTRIBUTION ATTRIBUTABLE TO AMOUNTS
IN THE RESERVE ACCOUNT 0.00
(B) AMOUNT OF ANY OTHER WITHDRAWALS FROM THE RESERVE
ACCOUNT FOR SUCH DISTRIBUTION DATE 0.00
(C) AMOUNT IN THE RESERVE ACCOUNT 0.00
(XIII) AMOUNT OF ANY DRAW REQUIRED TO BE MADE UNDER A NOTE SURETY
BOND (TOGETHER WITH ANY OTHER INFORMATION REQUIRED TO MAKE
SUCH DRAW) 0.00
<PAGE>
<TABLE>
<S> <C> <C>
(XIV) (A) PORTION (IF ANY) OF THE DISTRIBUTION ATTRIBUTABLE TO AMOUNTS ON
DEPOSIT IN THE PRE-FUNDING ACCOUNT 0.00
(B) AMOUNT IN THE PRE-FUNDING ACCOUNT 6,737.07
(XV) AGGREGATE AMOUNT (IF ANY) PAID BY THE ELIGIBLE LENDER TRUSTEE FOR
ADDITIONAL FINANCED STUDENT LOANS DURING THE PRECEDING COLLECTION
PERIOD 0.00
(XVI) AMOUNT IN THE PRE-FUNDING ACCOUNT AT THE END OF THE FUNDING PERIOD
TO BE DISTRIBUTED AS A PAYMENT OF PRINCIPAL IN RESPECT OF:
(A) CLASS A-1 NOTES 0.00
(B) CLASS A-1 NOTES (ONLY IF CLASS___ NOTES
HAVE BEEN PAID IN FULL) 0.00
(XVII) AGGREGATE AMOUNT (IF ANY) PAID FOR FINANCED STUDENT LOANS DURING
THE PRECEDING COLLECTION PERIOD. 0.00
(XVIII) AS OF THE END OF THE PRECEDING COLLECTION PERIOD:
(A) NUMBER OF FINANCED STUDENT LOANS THAT ARE 30 TO 60 DAYS 1,872,780.88
DELINQUENT
(B) NUMBER OF FINANCED STUDENT LOANS THAT ARE 61 TO 90 DAYS 1,079,221.89
DELINQUENT
(C) NUMBER OF FINANCED STUDENT LOANS THAT ARE 91 TO 180 DAYS 702,233.19
DELINQUENT
(D) NUMBER OF FINANCED STUDENT LOANS THAT ARE MORE THAN 181 233,710.83
DAYS DELINQUENT
(E) NUMBER OF FINANCED STUDENT LOANS FOR WHICH CLAIMS HAVE
BEEN FILED WITH THE APPROPRIATE GUARANTOR AND WHICH ARE
AWAITING PAYMENT 19,489.00
(XIX) PARITY PERCENTAGE NUMERATOR 291,760,024.43
--------------
AS OF 09/30/97 DENOMINATOR 291,657,890.64 100.04%
(XX) EXCESS OF AMOUNTS DEPOSITED INTO THE COLLECTION
ACCOUNT WITH RESPECT TO THE SALE BY THE TRUST OF
SERIAL LOANS OVER THE AGGREGATE PURCHASE AMOUNT
OF SUCH LOANS (SUCH EXCESS TO BE DISTRIBUTED TO
STUDENT HOLDINGS) 34,025.86
(XXI) AMOUNT OF ADDITIONAL PRINCIPAL PAYMENTS, IF ANY, MADE ON
SUCH DISTRIBUTION DATE 0.00
</TABLE>
THE MONEY STORE, INC.
BY: \S\ HARRY PUGLISI
- -------------------------------
HARRY PUGLISI
TREASURER
<PAGE>
TRANS-WORLD INSURANCE COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
<TABLE>
<CAPTION>
==================================================================================================
CLASSNOTES TRUST 1997 - I
NOTEHOLDERS' STATEMENT PURSUANT TO SECTION 5.7 (A) OF THE SALE & SERVICING AGREEMENT
CLASS A-2 DETERMINATION DATE 10/02/97
CUSIP # 182743-AH7 DISTRIBUTION DATE 10/08/97
RECORD DATE 10/06/97
==================================================================================================
<S> <C>
(I) AMOUNT OF PRINCIPAL BEING PAID OR DISTRIBUTED IN
RESPECT OF THE NOTES
CLASS A-2 NOTES 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 0.000000
(II) AMOUNT OF INTEREST BEING PAID OR DISTRIBUTED IN
RESPECT OF THE NOTES
CLASS A-2 NOTES 408,321.67
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 219.527778
(III) (A) AMOUNT OF NOTEHOLDERS' AUCTION RATE
INTEREST CARRYOVER BEING PAID OR DISTRIBUTED
IN RESPECT OF THE NOTES
CLASS A-2 NOTES 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 0.000000
(B) REMAINING AMOUNT OF NOTEHOLDERS' AUCTION
RATE INTEREST CARRYOVER TO BE PAID OR DISTRIBUTED
IN RESPECT OF THE NOTES
CLASS A-2 NOTES 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 0.000000
(IV) POOL BALANCE AT END OF PRECEDING COLLECTION PERIOD 275,650,371.53
(V) OUTSTANDING PRINCIPAL AMOUNT AFTER GIVING EFFECT TO
DISTRIBUTIONS ON THIS NOTE DISTRIBUTION DATE:
CLASS A-2 NOTES 93,000,000.00
(VI) APPLICABLE INTEREST RATE:
(A) IN GENERAL:
1. AUCTION RATE FOR THE PRIOR INTEREST PERIOD:
CLASS A-2 NOTES
PERIOD 1 5.689000%
PERIOD 2 5.650000%
PERIOD 3 5.600000%
CURRENT RATE (BASED ON AUCTION) 5.645000%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. NET LOAN RATE
MONTH 1 6.700000%
MONTH 2 6.770000%
MONTH 3 6.596000%
(B) AMOUNT OF INTEREST THAT WOULD
HAVE BEEN PAID ON SUCH NOTE
DISTRIBUTION DATE IF INTEREST
WAS CALCULATED INSTEAD BASED
ON THE NET LOAN RATE 486,100.67
(VII) (A) SERVICE FEE FOR RELATED COLLECTION PERIOD
(PRO RATA) 32,056.62
PER $50,000 ORIGINAL PRINCIPAL AMOUNT
OF THE NOTES 17.234742
(B) SERVICE FEE CARRYOVER FOR RELATED COLLECTION
PERIOD
1. DISTRIBUTED 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT
OF THE NOTES 0.000000
2. REMAINING BALANCE 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT
OF THE NOTES 0.000000
(VIII) AMOUNT OF FEES FOR RELATED COLLECTION PERIOD:
1. ADMINISTRATION FEE (PRO RATA) 1,162.50
PER $50,000 ORIGINAL PRINCIPAL
AMOUNT OF THE NOTES 0.625000
2. AUCTION AGENT FEE (PRO RATA) 1,280.28
PER $50,000 ORIGINAL PRINCIPAL
AMOUNT OF THE NOTES 0.688325
3. INDENTURE TRUSTEE FEE (PRO RATA) 0.00
PER $50,000 ORIGINAL PRINCIPAL
AMOUNT OF THE NOTES 0.000000
4. ELIGIBLE LENDER TRUSTEE FEE (PRO RATA) 663.19
PER $50,000 ORIGINAL PRINCIPAL
AMOUNT OF THE NOTES 0.356552
5. SURETY PROVIDER FEE (PRO RATA) 6,200.00
PER $50,000 ORIGINAL PRINCIPAL
AMOUNT OF THE NOTES 3.333333
(IX) AMOUNT OF PAYMENTS TO THE SURETY PROVIDER IN
REIMBURSEMENT OF PRIOR DRAWS UNDER ANY NOTE SURETY
BOND OR THE CERTIFICATE SURETY BOND 0.00
(X) AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED
COLLECTION PERIOD 0.00
(XI) AGGREGATE AMOUNT RECEIVED WITH RESPECT TO FINANCED
STUDENT LOANS FOR WHICH REALIZED LOSSES WERE
ALLOCATED PREVIOUSLY 0.00
(XII) (A) AMOUNT OF THE DISTRIBUTION ATTRIBUTABLE TO
AMOUNTS IN THE RESERVE ACCOUNT 0.00
(B) AMOUNT OF ANY OTHER WITHDRAWALS FROM THE
RESERVE ACCOUNT FOR SUCH DISTRIBUTION DATE 0.00
(C) AMOUNT IN THE RESERVE ACCOUNT 0.00
(XIII) AMOUNT OF ANY DRAW REQUIRED TO BE MADE UNDER A NOTE
SURETY BOND (TOGETHER WITH ANY OTHER INFORMATION
REQUIRED TO MAKE SUCH DRAW) 0.00
</TABLE>
17
<PAGE>
<TABLE>
<S> <C>
(XIV) (A) PORTION (IF ANY) OF THE DISTRIBUTION ATTRIBUTABLE TO AMOUNTS ON
DEPOSIT IN THE PRE-FUNDING ACCOUNT 0.00
(B) AMOUNT IN THE PRE-FUNDING ACCOUNT 409,191.53
(XV) AGGREGATE AMOUNT IF ANY PAID BY THE ELIGIBLE LENDER TRUSTEE FOR
ADDITIONAL FINANCED STUDENT LOANS DURING THE PRECEDING COLLECTION
PERIOD 0.00
(XVI) AMOUNT IN THE PRE-FUNDING ACCOUNT AT THE END OF THE FUNDING PERIOD
TO BE DISTRIBUTED AS A PAYMENT OF PRINCIPAL IN RESPECT OF:
(A) CLASS A-1 NOTES 0.00
(B) CLASS A-1 NOTES (ONLY IF CLASS___ NOTES
HAVE BEEN PAID IN FULL) 0.00
(XVII) AGGREGATE AMOUNT (IF ANY) PAID FOR FINANCED STUDENT LOANS DURING
THE PRECEDING COLLECTION PERIOD. 0.00
(XVIII) AS OF THE END OF THE PRECEDING COLLECTION PERIOD:
(A) NUMBER OF FINANCED STUDENT LOANS THAT ARE 30 TO 60 DAYS 2,152,785.84
DELINQUENT
(B) NUMBER OF FINANCED STUDENT LOANS THAT ARE 61 TO 90 DAYS 701,832.20
DELINQUENT
(C) NUMBER OF FINANCED STUDENT LOANS THAT ARE 91 TO 180 DAYS 590,153.74
DELINQUENT
(D) NUMBER OF FINANCED STUDENT LOANS THAT ARE MORE THAN 181 95,350.35
DAYS DELINQUENT
(E) NUMBER OF FINANCED STUDENT LOANS FOR WHICH CLAIMS HAVE
BEEN FILED WITH THE APPROPRIATE GUARANTOR AND WHICH ARE
AWAITING PAYMENT 19,489.00
(XIX) PARITY PERCENTAGE NUMERATOR 293,159,934.67
---------------
AS OF 08/31/97 DENOMINATOR 293,055,779.87 100.04%
(XX) EXCESS OF AMOUNTS DEPOSITED INTO THE COLLECTION
ACCOUNT WITH RESPECT TO THE SALE BY THE TRUST OF
SERIAL LOANS OVER THE AGGREGATE PURCHASE AMOUNT
OF SUCH LOANS (SUCH EXCESS TO BE DISTRIBUTED TO
STUDENT HOLDINGS) 24,306.05
(XXI) AMOUNT OF ADDITIONAL PRINCIPAL PAYMENTS, IF ANY, MADE ON
SUCH DISTRIBUTION DATE 0.00
</TABLE>
THE MONEY STORE, INC.
BY: \S\ HARRY PUGLISI
- -------------------------------
HARRY PUGLISI
TREASURER
<PAGE>
TRANS-WORLD INSURANCE
COMPANY
2840 MORRIS AVENUE
UNION, NJ 07083
<TABLE>
<CAPTION>
===============================================================================================================
CLASSNOTES TRUST 1997 - I
NOTEHOLDERS' STATEMENT PURSUANT TO SECTION 5.7 (A) OF THE SALE & SERVICING AGREEMENT
CLASS A-3 DETERMINATION DATE 10/09/97
CUSIP # 182743-AJ3 DISTRIBUTION DATE 10/15/97
RECORD DATE 10/10/97
===============================================================================================================
<S> <C>
(I) AMOUNT OF PRINCIPAL BEING PAID OR DISTRIBUTED IN
RESPECT OF THE NOTES
CLASS A-3 NOTES 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 0.000000
(II) AMOUNT OF INTEREST BEING PAID OR DISTRIBUTED IN
RESPECT OF THE NOTES
CLASS A-3 NOTES 415,994.44
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 218.944444
(III) (A) AMOUNT OF NOTEHOLDERS' AUCTION
RATE
INTEREST CARRYOVER BEING PAID OR DISTRIBUTED
IN RESPECT OF THE NOTES
CLASS A-3 NOTES 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 0.000000
(B) REMAINING AMOUNT OF NOTEHOLDERS' AUCTION
RATE INTEREST CARRYOVER TO BE PAID OR DISTRIBUTED
IN RESPECT OF THE NOTES
CLASS A-3 NOTES 0.00
PER $50,000 ORIGINAL PRINCIPAL AMOUNT OF THE NOTES 0.000000
(IV) POOL BALANCE AT END OF PRECEDING COLLECTION PERIOD 275,650,371.53
(V) OUTSTANDING PRINCIPAL AMOUNT AFTER GIVING EFFECT TO
DISTRIBUTIONS ON THIS NOTE DISTRIBUTION DATE:
CLASS A-3 NOTES 95,000,000.00
(VI) APPLICABLE INTEREST RATE:
(A) IN GENERAL:
1. AUCTION RATE FOR THE PRIOR INTEREST PERIOD:
CLASS A-3 NOTES
PERIOD 1 5.700000%
PERIOD 2 5.650000%
PERIOD 3 5.640000%
CURRENT RATE (BASED ON AUCTION) 5.630000%
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
2.NET LOAN RATE
MONTH 1 6.700000%
MONTH 2 6.770000%
MONTH 3 6.596000%
(b) Amount of interest that would
have been paid
on such note Distribution date if
Interest was
calculated instead based on the Net 490,938.89
Loan Rate
(vii) (a) Service Fee for related Collection Period
(Pro Rata) 32,746.01
Per $50,000 original principal
amount of the Notes 17.234742
(b) Service Fee Carryover for related Collection
Period
1. Distributed 0.00
Per $50,000 original principal
amount of the Notes 0.000000
2. Remaining Balance 0.00
Per $50,000 original principal
amount of the Notes 0.000000
(viii) Amount of Fees for related Collection Period:
1. Administration Fee (Pro Rata) 1,187.50
Per $50,000 original principal 0.625000
amount of the Notes
2. Auction Agent Fee (Pro Rata) 20,731.25
Per $50,000 original principal 10.911184
amount of the Notes
3. Indenture Trustee Fee (Pro Rata) 0.00
Per $50,000 original principal
amount of the Notes 0.000000
4. Eligible Lender Trustee Fee (Pro Rata) 677.45
Per $50,000 original principal
amount of the Notes 0.356552
5. Surety Provider Fee (Pro Rata) 6,333.33
Per $50,000 original principal
amount of the Notes 3.333333
(ix) Amount of payments to the Surety Provider in
reimbursement of prior draws under any Note
Surety Bond or the Certificate Surety Bond 0.00
(x) Aggregate amount of Realized losses for the
related Collection period 0.00
(xi) Aggregate amount received with respect to Financed
Student Loans for which Realized Losses were
allocated previously 0.00
(xii) (a) Amount of the distribution attributable to
amounts in the Reserve Account 0.00
(b) Amount of any other withdrawals from the
Reserve Account for such Distribution Date 0.00
(c) Amount in the Reserve Account 0.00
(xiii) Amount of any draw required to be made under a Note
Surety bond (together with any other information required to
make such draw) 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(XIV) (A) PORTION (IF ANY) OF THE DISTRIBUTION ATTRIBUTABLE TO AMOUNTS ON
DEPOSIT IN THE PRE-FUNDING ACCOUNT 0.00
(B) AMOUNT IN THE PRE-FUNDING ACCOUNT 409,191.53
(XV) AGGREGATE AMOUNT IF ANY PAID BY THE ELIGIBLE LENDER TRUSTEE FOR
ADDITIONAL FINANCED STUDENT LOANS DURING THE PRECEDING COLLECTION
PERIOD 0.00
(XVI) AMOUNT IN THE PRE-FUNDING ACCOUNT AT THE END OF THE FUNDING PERIOD
TO BE DISTRIBUTED AS A PAYMENT OF PRINCIPAL IN RESPECT OF:
(A) CLASS A-1 NOTES 0.00
(B) CLASS A-1 NOTES (ONLY IF CLASS___ NOTES
HAVE BEEN PAID IN FULL) 0.00
(XVII) AGGREGATE AMOUNT (IF ANY) PAID FOR FINANCED STUDENT LOANS DURING
THE PRECEDING COLLECTION PERIOD. 0.00
(XVIII) AS OF THE END OF THE PRECEDING COLLECTION PERIOD:
(A) NUMBER OF FINANCED STUDENT LOANS THAT ARE 30 TO 60 DAYS 2,152,785.84
DELINQUENT
(B) NUMBER OF FINANCED STUDENT LOANS THAT ARE 61 TO 90 DAYS 701,832.20
DELINQUENT
(C) NUMBER OF FINANCED STUDENT LOANS THAT ARE 91 TO 180 DAYS 590,153.74
DELINQUENT
(D) NUMBER OF FINANCED STUDENT LOANS THAT ARE MORE THAN 181 95,350.35
DAYS DELINQUENT
(E) NUMBER OF FINANCED STUDENT LOANS FOR WHICH CLAIMS HAVE
BEEN FILED WITH THE APPROPRIATE GUARANTOR AND WHICH ARE
AWAITING PAYMENT 19,489.00
(XIX) PARITY PERCENTAGE NUMERATOR 293,159,934.67
-------------------------
AS OF 08/31/97 DENOMINATOR 293,055,779.87 100.04%
(XX) EXCESS OF AMOUNTS DEPOSITED INTO THE COLLECTION
ACCOUNT WITH RESPECT TO THE SALE BY THE TRUST OF
SERIAL LOANS OVER THE AGGREGATE PURCHASE AMOUNT
OF SUCH LOANS (SUCH EXCESS TO BE DISTRIBUTED TO
STUDENT HOLDINGS) 24,306.05
(XXI) AMOUNT OF ADDITIONAL PRINCIPAL PAYMENTS, IF ANY, MADE ON
SUCH DISTRIBUTION DATE 0.00
</TABLE>
THE MONEY STORE, INC.
BY: \S\ HARRY PUGLISI
- -------------------------------
HARRY PUGLISI
TREASURER
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