SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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 reported) : April 26, 1999
MERRILL LYNCH MORTGAGE INVESTORS INC, (as depositor under the Pooling and
Servicing Agreement, dated March 1, 1999, which forms C-BASS Trust 1999-CB1 ,
which will issue the C-BASS Mortgage Loan Asset-Backed Certificates, Series
1999-CB1).
MERRILL LYNCH MORTGAGE INVESTORS, INC.
(Exact name of registrant as specified in its charter)
Delaware 333-39127-07 13-5674085
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
World Financial Center North Tower
250 Vesey Street, 17th Floor
New York, New York 10281-1315
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code : (212) 449-1000
N/A
(Former name or former address, if changed since last report.)
Page 1 of 4
This report consists of 13
consecutively numbered pages.
<PAGE>
Item 5. Other Events.
This report and the attached exhibit is being filed pursuant to "no-action"
positions taken by the Securities and Exchange Commission with respect to
alternative means of satisfying the Registrant's reporting obligations under the
Securities Exchange Act of 1934, as amended, with respect to the Registrant's
C-Bass Mortgage Loan Asset-Backed Certificates, Series 1999-CB1 (the
"Certificates"). The Certificates were issued, and this report and exhibits are
being filed, pursuant to the terms of the Pooling and Servicing Agreement, dated
as of March 1, 1999 ( the "Agreement"), among Merrill Lynch Mortgage Investors,
Inc., as depositor, Credit-Based Asset Servicing and Securitization LLC, as
seller, Litton Loan Servicing LP, as servicer, and The Chase Manhattan Bank, as
trustee. On April 26, 1999 and May 25, 1999 distributions were made to the
Certificateholders. Specific information with respect to these distributions is
filed as Exhibit 99.1 and 99.2. No other reportable transactions or matters have
occurred during the current reporting period.
Item 7. Financial Statements and Exhibits.
(a) Not applicable
(b) Not applicable
(c) The following exhibit is filed as part of this report:
Statement to Certificateholders on April 26, 1999,
as Exhibit 99.1.
Statement to Certificateholders on May 25, 1999,
as Exhibit 99.2.
<PAGE>
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 hereunto duly authorized.
THE CHASE MANHATTAN BANK,
not in its individual capacity but solely
as Trustee under the Agreement referred
to herein
Date: June 14, 1999 By: /s/ Kimberly K. Costa
Kimberly K. Costa
Vice President
<PAGE>
INDEX TO EXHIBITS
Exhibit
Number Description of Exhibits Page
99.1 Monthly Certificateholder Statement on 5
April 26, 1999.
99.1 Monthly Certificateholder Statement on 9
May 25, 1999.
<PAGE>
Exhibit 99.1
Monthly Certificateholder Statement on April 26, 1999
<PAGE>
<TABLE>
- -----------------------------------------------------------------------------------------------------------------------------------
C-BASS MORTGAGE LOAN ASSET-BACKED CERTIFICATES SERIES 1999-CB1
STATEMENT TO CERTIFICATEHOLDERS
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
DIST DATE: 04/26/99 PAGE # 1
- -----------------------------------------------------------------------------------------------------------------------------------
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- -----------------------------------------------------------------------------------------------------------------------------------
IA 62,477,638.00 62,477,638.00 338,420.54 603,137.24 941,557.78 0.00 0.00 61,874,500.76
IAPO 31,361.00 31,361.00 0.00 161.03 161.03 0.00 0.00 31,199.97
IM1 648,000.00 648,000.00 3,510.00 833.99 4,343.99 0.00 0.00 647,166.01
IM2 324,000.00 324,000.00 1,755.00 416.99 2,171.99 0.00 0.00 323,583.01
IM3 389,000.00 389,000.00 2,107.08 500.65 2,607.73 0.00 0.00 388,499.35
IM4 98,000.00 98,000.00 530.83 126.13 656.96 0.00 0.00 97,873.87
IB1 98,000.00 98,000.00 530.83 126.13 656.96 0.00 0.00 97,873.87
IB2 162,000.00 162,000.00 877.50 208.50 1,086.00 0.00 0.00 161,791.50
IB3 551,050.60 551,050.60 2,984.86 709.21 3,694.07 0.00 0.00 550,341.39
IIA 112,788,000.00 112,788,000.00 533,236.60 3,624,929.08 4,158,165.68 0.00 0.00 109,163,070.92
IIM1 6,714,000.00 6,714,000.00 40,228.05 0.00 40,228.05 0.00 0.00 6,714,000.00
IIM2 6,714,000.00 6,714,000.00 44,368.35 0.00 44,368.35 0.00 0.00 6,714,000.00
IIB 5,908,000.00 5,908,000.00 40,617.50 0.00 40,617.50 0.00 0.00 5,908,000.00
X 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
TOTALS 196,903,049.60 196,903,049.60 1,009,167.14 4,231,148.95 5,240,316.09 0.00 0.00 192,671,900.65
- -----------------------------------------------------------------------------------------------------------------------------------
IAIO 64,303,873.90 64,303,873.90 99,888.23 0.00 99,888.23 0.00 0.00 63,700,380.53
- -----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------- -------------------------------------
FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE PASS-THROUGH RATES
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL PASS-THRU
CLASS CUSIP FACTOR INTEREST PRINCIPAL TOTAL FACTOR CLASS RATE
- ------------------------------------------------------------------------------------------- ------------------------------------
IA 12489WAA2 1,000.0000000 5.416667 9.653650 15.070317 990.3463502 IA 6.500000 %
IAPO 12489WAC8 1,000.0000000 0.000000 5.134721 5.134721 994.8652785 IAPO 0.000000 %
IM1 12489WAD6 1,000.0000000 5.416667 1.287022 6.703688 998.7129784 IM1 6.500000 %
IM2 12489WAE4 1,000.0000000 5.416667 1.287006 6.703673 998.7129938 IM2 6.500000 %
IM3 12489WAF1 1,000.0000000 5.416658 1.287018 6.703676 998.7129820 IM3 6.500000 %
IM4 12489WAG9 1,000.0000000 5.416633 1.287041 6.703673 998.7129592 IM4 6.500000 %
IB1 N/A 1,000.0000000 5.416633 1.287041 6.703673 998.7129592 IB1 6.500000 %
IB2 N/A 1,000.0000000 5.416667 1.287037 6.703704 998.7129630 IB2 6.500000 %
IB3 N/A 1,000.0000000 5.416671 1.287014 6.703686 998.7129857 IB3 6.500000 %
IIA 12489WAH7 1,000.0000000 4.727778 32.139315 36.867093 967.8606848 IIA 5.318750 %
IIM1 12489WAJ3 1,000.0000000 5.991667 0.000000 5.991667 1,000.0000000 IIM1 7.190000 %
IIM2 12489WAK0 1,000.0000000 6.608333 0.000000 6.608333 1,000.0000000 IIM2 7.930000 %
IIB 12489WAL8 1,000.0000000 6.875000 0.000000 6.875000 1,000.0000000 IIB 8.250000 %
- ------------------------------------------------------------------------------------------- -----------------------------------
TOTALS 1,000.0000000 5.125198 21.488489 26.613687 978.5115113
- ------------------------------------------------------------------------------------------- -----------------------------------
IAIO 12489WAB0 1000.00 1.553378 0.000000 1.553378 990.61 IAIO 1.864054 %
- ------------------------------------------------------------------------------------------- -----------------------------------
If there are any questions or problems with this statement, please contact
the Administrator listed below:
---------------------------------------
KIMBERLY COSTA
THE CHASE MANHATTAN BANK - STRUCTURED FINANCE SERVICES
450 WEST 33RD STREET, 14TH FLOOR
NEW YORK, NEW YORK 10001
TEL: 212/946-3247
Email: [email protected]
---------------------------------------
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
</TABLE>
<PAGE>
<TABLE>
- -----------------------------------------------------------------------------------------------------------------------------------
C-BASS MORTGAGE LOAN ASSET-BACKED CERTIFICATES SERIES 1999-CB1
STATEMENT TO CERTIFICATEHOLDERS
- -----------------------------------------------------------------------------------------------------------------------------------
DIST DATE: 04/26/99 PAGE # 2
<S> <C> <C>
Group 1 Available Funds 1,056,824.75
Group 2 Available Funds 4,283,379.58
Overcollateralization Information
Overcollateralization Amount 2,147,584.09
Overcollateralization Release Amount 0.00
Overcollateralization Deficiency Amount 4,230,316.15
Target Overcollateralization Amount 6,377,900.24
Extra Principal Distribution Amount 335,343.55
Monthly Excess Interest Amount 335,343.55
Monthly Excess Cashflow Amount 335,343.55
Overcollateralization Deficiency (After Distribution) 3,894,972.61
Overcollateralization Amount (After Distribution) 2,482,927.64
Fees and Advances
Servicing Fee 76,189.94
Trustee Fee 2,488.13
Lender PMI 28,277.56
Advances N/A
Mortgage Loan Information
Group 1 Principal Balance 64,172,830.73
Group 2 Principal Balance 130,981,998.56
Total Principal Balance 195,154,829.29
Loan Count 2,259
Weighted Average Remaining Term 306.600
Weighted Average Loan Rate 9.3525 %
Aggregate Amount of Prepayment 3,685,349.21
Aggregate Amount of Realized Losses 0.00
Prepayment Interest Shortfalls (not covered by servicer) 0.00
Relief Act Shortfalls 0.00
Extraordinary Trust Fund Expenses 0.00
Basis Risk Reserve Fund Balance 1,000.00
Libor Carryover Amount 0.00
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
- -----------------------------------------------------------------------------------------------------------------------------------
C-BASS MORTGAGE LOAN ASSET-BACKED CERTIFICATES SERIES 1999-CB1
STATEMENT TO CERTIFICATEHOLDERS
- -----------------------------------------------------------------------------------------------------------------------------------
DIST DATE: 04/26/99 PAGE # 3
<S> <C> <C>
Interest Shortfalls
Class ia1 0.00
Class ia-io 0.00
Class im1 0.00
Class im2 0.00
Class im3 0.00
Class im4 0.00
Class ib1 0.00
Class ib2 0.00
Class ib3 0.00
Class iia 0.00
Class iim1 0.00
Class iim2 0.00
Class iib 0.00
Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency
--------------------------------------------------------------------
Group Totals
--------------------------------------------------------------------
Category Number Principal Balance Percentage
--------------------------------------------------------------------
1 Month 533 44,152,509.65 22.62 %
2 Months 200 16,800,242.64 8.61 %
3+ Months 126 9,547,266.27 4.89 %
Total 859 70,500,018.56 36.12 %
--------------------------------------------------------------------
Number and Aggregate Principal Amounts of Mortgage Loans in Foreclosure
-------------------------------------------------------
Group Totals
-------------------------------------------------------
Number Principal Balance Percentage
-------------------------------------------------------
5 317,436.35 0.16 %
-------------------------------------------------------
Number and Aggregate Principal Amounts of Bankruptcy Loans
-------------------------------------------------------
Group Totals
-------------------------------------------------------
Number Principal Balance Percentage
-------------------------------------------------------
127 8,407,800.26 4.31 %
-------------------------------------------------------
Number and Aggregate Principal Amounts of REO Loans
-------------------------------------------------------
Group Totals
-------------------------------------------------------
Number Principal Balance Percentage
-------------------------------------------------------
0 0.00 0.00 %
-------------------------------------------------------
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
</TABLE>
<PAGE>
Exhibit 99.2
Monthly Certificateholder Statement on May 25, 1999
<PAGE>
<TABLE>
- -----------------------------------------------------------------------------------------------------------------------------------
C-BASS MORTGAGE LOAN ASSET-BACKED CERTIFICATES SERIES 1999-CB1
STATEMENT TO CERTIFICATEHOLDERS
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
DIST DATE: 05/25/99 PAGE # 1
- -----------------------------------------------------------------------------------------------------------------------------------
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE
- -----------------------------------------------------------------------------------------------------------------------------------
IA 62,477,638.00 61,874,500.76 784,114.91 335,153.55 1,119,268.46 0.00 0.00 61,090,385.85
IAPO 31,361.00 31,199.97 38.36 0.00 38.36 0.00 0.00 31,161.61
IM1 648,000.00 647,166.01 850.74 3,505.48 4,356.22 0.00 0.00 646,315.27
IM2 324,000.00 323,583.01 425.37 1,752.74 2,178.11 0.00 0.00 323,157.64
IM3 389,000.00 388,499.35 510.71 2,104.37 2,615.08 0.00 0.00 387,988.64
IM4 98,000.00 97,873.87 128.66 530.15 658.81 0.00 0.00 97,745.21
IB1 98,000.00 97,873.87 128.66 530.15 658.81 0.00 0.00 97,745.21
IB2 162,000.00 161,791.50 212.69 876.37 1,089.06 0.00 0.00 161,578.81
IB3 551,050.60 550,341.39 723.46 2,981.02 3,704.48 0.00 0.00 549,617.93
IIA 112,788,000.00 109,163,070.92 4,319,439.13 464,856.53 4,784,295.66 0.00 0.00 104,843,631.79
IIM1 6,714,000.00 6,714,000.00 0.00 40,228.05 40,228.05 0.00 0.00 6,714,000.00
IIM2 6,714,000.00 6,714,000.00 0.00 44,368.35 44,368.35 0.00 0.00 6,714,000.00
IIB 5,908,000.00 5,908,000.00 0.00 40,617.50 40,617.50 0.00 0.00 5,908,000.00
X 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
TOTALS 196,903,049.60 192,671,900.65 5,106,572.69 937,504.26 6,044,076.95 0.00 0.00 187,565,327.96
- -----------------------------------------------------------------------------------------------------------------------------------
IAIO 64,303,873.90 63,700,380.53 0.00 98,803.87 98,803.87 0.00 0.00 62,913,804.89
- -----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------- -------------------------------------
FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE PASS-THROUGH RATES
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL PASS-THRU
CLASS CUSIP FACTOR PRINCIPAL INTEREST TOTAL FACTOR CLASS RATE
- --------------------------------------------------------------------------------------------- ------------------------------------
IA 12489WAA2 990.34635016 12.55032897 5.36437613 17.91470510 977.79602119 IA 6.500000 %
IAPO 12489WAC8 994.86527853 1.22317528 0.00000000 1.22317528 993.64210325 IAPO 0.000000 %
IM1 12489WAD6 998.71297840 1.31287037 5.40969136 6.72256173 997.40010802 IM1 6.500000 %
IM2 12489WAE4 998.71299383 1.31287037 5.40969136 6.72256173 997.40012346 IM2 6.500000 %
IM3 12489WAF1 998.71298201 1.31287918 5.40969152 6.72257069 997.40010283 IM3 6.500000 %
IM4 12489WAG9 998.71295918 1.31285714 5.40969388 6.72255102 997.40010204 IM4 6.500000 %
IB1 N/A 998.71295918 1.31285714 5.40969388 6.72255102 997.40010204 IB1 6.500000 %
IB2 N/A 998.71296296 1.31290123 5.40969136 6.72259259 997.40006173 IB2 6.500000 %
IB3 N/A 998.71298570 1.31287399 5.40970285 6.72257684 997.40011171 IB3 6.500000 %
IIA 12489WAH7 967.86068482 38.29697423 4.12150699 42.41848122 929.56371059 IIA 5.286250 %
IIM1 12489WAJ3 1,000.00000000 0.00000000 5.99166667 5.99166667 1,000.00000000 IIM1 7.190000 %
IIM2 12489WAK0 1,000.00000000 0.00000000 6.60833333 6.60833333 1,000.00000000 IIM2 7.930000 %
IIB 12489WAL8 1,000.00000000 0.00000000 6.87500000 6.87500000 1,000.00000000 IIB 8.250000 %
- --------------------------------------------------------------------------------------------- -----------------------------------
TOTALS 978.51151133 25.93445201 4.76124805 30.69570005 952.57705932
- --------------------------------------------------------------------------------------------- -----------------------------------
IAIO 12489WAB0 990.61497646 0.00000000 1.53651505 1.53651505 978.38281077 IAIO 1.861286 %
- --------------------------------------------------------------------------------------------- -----------------------------------
If there are any questions or problems with this statement, please contact
the Administrator listed below:
---------------------------------------
KIMBERLY COSTA
THE CHASE MANHATTAN BANK - STRUCTURED FINANCE SERVICES
450 WEST 33RD STREET, 14TH FLOOR
NEW YORK, NEW YORK 10001
TEL: 212/946-3247
Email: [email protected]
---------------------------------------
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
</TABLE>
<PAGE>
<TABLE>
- -----------------------------------------------------------------------------------------------------------------------------------
C-BASS MORTGAGE LOAN ASSET-BACKED CERTIFICATES SERIES 1999-CB1
STATEMENT TO CERTIFICATEHOLDERS
- -----------------------------------------------------------------------------------------------------------------------------------
DIST DATE: 05/25/99 PAGE # 2
<S> <C> <C>
Group 1 Available Funds 1,233,371.26
Group 2 Available Funds 4,909,509.57
Overcollateralization Information
Overcollateralization Amount 2,482,927.64
Overcollateralization Release Amount 0.00
Overcollateralization Deficiency Amount 3,894,972.60
Target Overcollateralization Amount 6,377,900.24
Extra Principal Distribution Amount 375,952.51
Monthly Excess Interest Amount 375,952.51
Monthly Excess Cashflow Amount 375,952.51
Overcollateralization Deficiency (After Distribution) 3,519,020.09
Overcollateralization Amount (After Distribution) 2,858,880.15
Fees and Advances
Servicing Fee 74,629.84
Trustee Fee 2,439.44
Lender PMI 27,187.02
Advances 1,249,250.64
Mortgage Loan Information
Group 1 Principal Balance 63,385,697.17
Group 2 Principal Balance 127,038,511.94
Total Principal Balance 190,424,209.11
Loan Count 2,219
Weighted Average Remaining Term 306.100
Weighted Average Loan Rate 9.3250 %
Aggregate Amount of Prepayment 4,527,537.09
Aggregate Amount of Realized Losses 0.00
Prepayment Interest Shortfalls (not covered by servicer) 0.00
Relief Act Shortfalls 0.00
Extraordinary Trust Fund Expenses 0.00
Basis Risk Reserve Fund Balance 1,000.00
Libor Carryover Amount 0.00
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
- -----------------------------------------------------------------------------------------------------------------------------------
C-BASS MORTGAGE LOAN ASSET-BACKED CERTIFICATES SERIES 1999-CB1
STATEMENT TO CERTIFICATEHOLDERS
- -----------------------------------------------------------------------------------------------------------------------------------
DIST DATE: 05/25/99 PAGE # 3
<S> <C> <C>
Interest Shortfalls
Class ia1 0.00
Class ia-io 0.00
Class im1 0.00
Class im2 0.00
Class im3 0.00
Class im4 0.00
Class ib1 0.00
Class ib2 0.00
Class ib3 0.00
Class iia 0.00
Class iim1 0.00
Class iim2 0.00
Class iib 0.00
Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency
--------------------------------------------------------------------
Group 1
--------------------------------------------------------------------
Category Number Principal Balance Percentage
--------------------------------------------------------------------
1 Month 238 15,883,919.35 25.06 %
2 Months 120 8,205,026.44 12.94 %
3+ Months 70 4,883,231.47 7.70 %
Total 428 28,972,177.26 45.70 %
--------------------------------------------------------------------
--------------------------------------------------------------------
Group 2
--------------------------------------------------------------------
Category Number Principal Balance Percentage
--------------------------------------------------------------------
1 Month 189 17,544,546.07 13.81 %
2 Months 76 8,129,125.93 6.40 %
3+ Months 46 4,849,351.95 3.82 %
Total 311 30,523,023.95 24.03 %
--------------------------------------------------------------------
--------------------------------------------------------------------
Group Totals
--------------------------------------------------------------------
Category Number Principal Balance Percentage
--------------------------------------------------------------------
1 Month 427 33,428,465.42 17.55 %
2 Months 196 16,334,152.37 8.58 %
3+ Months 116 9,732,583.42 5.11 %
Total 739 59,495,201.21 31.24 %
--------------------------------------------------------------------
Number and Aggregate Principal Amounts of Mortgage Loans in Foreclosure
-------------------------------------------------------
Group 1
-------------------------------------------------------
Number Principal Balance Percentage
-------------------------------------------------------
13 648,033.96 137.33 %
-------------------------------------------------------
-------------------------------------------------------
Group 2
-------------------------------------------------------
Number Principal Balance Percentage
-------------------------------------------------------
5 530,267.60 1.26 %
-------------------------------------------------------
-------------------------------------------------------
Group Totals
-------------------------------------------------------
Number Principal Balance Percentage
-------------------------------------------------------
18 1,178,301.56 0.62 %
-------------------------------------------------------
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
- -----------------------------------------------------------------------------------------------------------------------------------
C-BASS MORTGAGE LOAN ASSET-BACKED CERTIFICATES SERIES 1999-CB1
STATEMENT TO CERTIFICATEHOLDERS
- -----------------------------------------------------------------------------------------------------------------------------------
DIST DATE: 05/25/99 PAGE # 4
<S> <C> <C>
Number and Aggregate Principal Amounts of Bankruptcy Loans
-------------------------------------------------------
Group 1
-------------------------------------------------------
Number Principal Balance Percentage
-------------------------------------------------------
98 5,659,233.55 8.93 %
-------------------------------------------------------
-------------------------------------------------------
Group 2
-------------------------------------------------------
Number Principal Balance Percentage
-------------------------------------------------------
26 2,528,060.84 1.99 %
-------------------------------------------------------
-------------------------------------------------------
Group Totals
-------------------------------------------------------
Number Principal Balance Percentage
-------------------------------------------------------
124 8,187,294.39 4.30 %
-------------------------------------------------------
Number and Aggregate Principal Amounts of REO Loans
-------------------------------------------------------
Group 1
-------------------------------------------------------
Number Principal Balance Percentage
-------------------------------------------------------
0 0.00 0.00 %
-------------------------------------------------------
-------------------------------------------------------
Group 2
-------------------------------------------------------
Number Principal Balance Percentage
-------------------------------------------------------
0 0.00 0.00 %
-------------------------------------------------------
-------------------------------------------------------
Group Totals
-------------------------------------------------------
Number Principal Balance Percentage
-------------------------------------------------------
0 0.00 0.00 %
-------------------------------------------------------
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
</TABLE>
