<PAGE> 1
MID-STATE TRUST VIII Record Date: 7/13/00
7.791% ASSET-BACKED BONDS Prior Date: 6/15/00
PAYMENT DATE STATEMENT Distribution Date: 7/17/00
<TABLE>
<CAPTION>
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ORIGINAL BEGINNING ENDING
CERTIFICATE CERTIFICATE CERTIFICATE TOTAL CERTIFICATE
CLASS CUSIP RATE BALANCE BALANCE INTEREST PRINCIPAL DISTRIBUTION BALANCE
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 595497AA6 7.791% 386,500,000.00 377,552,868.02 2,451,262.00 2,550,218.98 5,001,480.98 375,002,649.04
Factors 976.85088750 6.34220439 6.59823799 12.94044237 970.25264952
per
Thousand
----------------------------------------------------------------------------------------------------------------------------------
TOTALS 386,500,000.00 377,552,868.02 2,451,262.00 2,550,218.98 5,001,480.98 375,002,649.04
----------------------------------------------------------------------------------------------------------------------------------
==================================================================================================================================
</TABLE>
First Union National Bank Robert Ashbaugh
Structured Finance Trust Services Vice President
401 South Tryon Street, 12th Floor Phone: 704-383-9568
Charlotte, North Carolina 28288-1179 Fax: 704-383-6039
<PAGE> 2
MID-STATE TRUST VIII Record Date: 7/13/00
7.791% ASSET-BACKED BONDS Prior Date: 6/15/00
PAYMENT DATE STATEMENT Distribution Date: 7/17/00
<TABLE>
<CAPTION>
==================================================================================================================================
SCHEDULE OF REMITTANCE COLLATERAL INFORMATION
---------------------- -----------------------
<S> <C> <C> <C>
Collections as of the end of the Related Due Period 5,005,499.66 Aggregate Beginning Economic Balance of Loans 410,912,171.20
Investment Earnings 20,138.76 Aggregate Ending Economic Balance of Loans 408,471,121.01
Overcollateralization Amount 33,468,471.97
AVAILABLE FUNDS 5,025,638.42 Cumulative Actual Net Economic Losses 207,826.35
============ Minimum Target Overcollateralization 41,496,022.11
Optimal Principal Amount 2,550,218.98
Issuer Release 0.00
FEES
----
Servicer Fee 205,456.00
Trustee Fee 4,908.79
Standby Servicer Fee 1,179.85
AMBAC Fee 18,068.80
Owner Trustee Fee 0.00
CT Corporation 0.00 Economic balance as of the end of the related Due Period
Carlton Fields 0.00 of Accounts as to which there is a material breach of any
TOTAL: 24,157.44 representation or warranty or as to which there is a material
defect in the related Account Documents: N/A
==================================================================================================================================
</TABLE>
First Union National Bank Robert Ashbaugh
Structured Finance Trust Services Vice President
401 South Tryon Street, 12th Floor Phone: 704-383-9568
Charlotte, North Carolina 28288-1179 Fax: 704-383-6039
<PAGE> 3
MID-STATE TRUST VIII Record Date: 7/13/00
7.791% ASSET-BACKED BONDS Prior Date: 6/15/00
PAYMENT DATE STATEMENT Distribution Date: 7/17/00
<TABLE>
<CAPTION>
==================================================================================================================================
------------------------------------------------------------
DELINQUENT INFOR. # LOANS AMOUNT
------------------------------------------------------------
<S> <C> <C> <C> <C>
Delinquent 0-30 Days 8848 897,304,167.32
------------------------------------------ Delinquent 31-60 Days 308 35,336,277.79
Outstanding Balance $408,471,121.01 Delinquent 61-90 Days 62 6,795,796.02
------------------------------------------ Delinquent 91+ Days 176 16,787,172.09
# Accounts 9,394 Loans in Foreclosure, Bankruptcy * 123 4,893,806.43
------------------------------------------ REO Property 5 158,482.87
------------------------------------------------------------
* figures included in above Delinquency numbers
==================================================================================================================================
</TABLE>
First Union National Bank Robert Ashbaugh
Structured Finance Trust Services Vice President
401 South Tryon Street, 12th Floor Phone: 704-383-9568
Charlotte, North Carolina 28288-1179 Fax: 704-383-6039
