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EXHIBIT 99.1
MID-STATE TRUST VIII
7.791% ASSET-BACKED BONDS
ANNUAL STATEMENT TO BONDHOLDERS
MAY 3, 2000 - MAY 31, 2000
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Original Beginning Ending
Certificate Certificate Certificate Total Certificate
Class Cusip Rate Balance Balance Interest Principal Distribution Balance
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<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 per 6.49250000 16.64928005 23.14178005 983.35071995
Thousand
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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
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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
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MID-STATE TRUST VIII
7.791% ASSET-BACKED BONDS
ANNUAL STATEMENT TO BONDHOLDERS
MAY 3, 2000 - MAY 31, 2000
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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
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Minimum Target Overcollateralization 41,496,022.11
Optimal Principal Amount 6,434,946.74
Issuer Release -
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
Carlton Fields 0.00
TOTAL: 108,009.44
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</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
7.791% ASSET-BACKED BONDS
ANNUAL STATEMENT TO BONDHOLDERS
MAY 3, 2000 - MAY 31, 2000
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DELINQUENT INFOR. # LOANS AMOUNT
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<S> <C> <C> <C>
Delinquent 0-30 Days 9187 942,010,139.43
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Outstanding Balance $ 412,978,122.05 Delinquent 31-60 Days 141 12,977,712.41
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# Accounts 9,483 Delinquent 61-90 Days 52 5,175,370.49
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Delinquent 91+ Days 103 9,108,653.86
Loans in Foreclosure, Bankruptcy *124 4,754,482.64
REO Property 2 114,822.03
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* figures included in above Delinquency numbers
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</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
