<PAGE> 1
MID-STATE TRUST VIII Record Date: 5/12/00
7.791% ASSET-BACKED BONDS Prior Date: N/A
PAYMENT DATE STATEMENT Distribution Date: 5/15/00
<TABLE>
<CAPTION>
===============================================================================================================================
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% 386,500,000.00 386,500,000.00 2,509,351.25 6,434,946.74 8,944,297.99 380,065,053.26
Factors 6.49250000 16.64928006 23.14178006 983.35071994
per
Thousand
-------------------------------------------------------------------------------------------------------------------------------
TOTALS 386,500,000.00 386,500,000.00 2,509,351.25 6,434,946.74 8,944,297.99 380,065,053.26
-------------------------------------------------------------------------------------------------------------------------------
===============================================================================================================================
</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: 5/12/00
7.791% ASSET-BACKED BONDS Prior Date: N/A
PAYMENT DATE STATEMENT Distribution Date: 5/15/00
<TABLE>
<CAPTION>
==================================================================================================================================
SCHEDULE OF REMITTANCE COLLATERAL INFORMATION
---------------------- ----------------------
<S> <C> <C> <C>
Collections as of the end of the Related Due Period 9,043,488.45 Aggregate Beginning Economic Balance of Loans 414,960,221.14
Investment Earnings 8,818.98 Aggregate Ending Economic Balance of Loans 412,978,122.05
Overcollateralization Amount 32,913,068.79
AVAILABLE FUNDS 9,052,307.43 Cumulative Actual Net Economic Losses 112,708.23
============ Minimum Target Overcollateralization 41,496,022.11
Optimal Principal Amount 6,434,946.74
Issuer Release 0.00
FEES
----
Servicer Fee 208,477.00
Trustee Fee 10,176.63
Standby Servicer Fee 1,207.81
AMBAC Fee 96,625.00
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: 108,009.44 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: 5/12/00
7.791% ASSET-BACKED BONDS Prior Date: N/A
PAYMENT DATE STATEMENT Distribution Date: 5/15/00
<TABLE>
<CAPTION>
=================================================================================================================================
------------------------------------------------------------
DELINQUENT INFOR. # LOANS AMOUNT
------------------------------------------------------------
<S> <C> <C> <C> <C>
Delinquent 0-30 Days 9187 942,010,139.43
------------------------------------------ Delinquent 31-60 Days 141 12,977,712.41
Outstanding Balance $412,978,122.05 Delinquent 61-90 Days 52 5,175,370.49
------------------------------------------ Delinquent 91+ Days 103 9,108,653.86
# Accounts 9,483 Loans in Foreclosure, Bankruptcy * 124 4,754,482.64
------------------------------------------ REO Property 2 114,822.03
------------------------------------------------------------
* 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
