STRUCTURED ASSET SECURITIES CORPORATION
8-K, 1996-09-11
ASSET-BACKED SECURITIES
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ABNAMRO LaSalle ABSTSSECURITIES 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
  
  
  Structured Asset Securities Corporation
  
  State or other jurisdiction of incorporation               
  Delaware
  
  Commission File Number                                     
  33-31337
  
  IRS Employer Identification No                             
  74-2440858
  
  address of principal executive offices                     
  Zip code
  200 Vesey Street, New York, New York                         
               10285
  
  
  Registrant's telephone number, including area code         
  312-904-7324
  
  
  Item 1.  Changes in Control of Registrant.
                  Not applicable.
  
  Item 2.  Acquisition or Disposition of Assets.
                  Not applicable.
  
  Item 3.  Bankruptcy or Receivership.
                  Not applicable.
  
  Item 4.  Changes in Registrant's Certifying Accountant.
                  Not applicable.
  
  Item 5.  Other Events.
                  Bondholder statements attached as Exhibits.
  
  Item 6.  Resignations of Registrant's Directors.
                  Not applicable.
  
  Item 7.  Financial Statements.
                  Pro Forma Financial Information and
  Exhibits.
                  Not applicable.
  
      5.1     Statement to Bondholders.
  
  
  Pursuant to the requirements of the Securities Exchange Act
  of
  1934, the Registrant has duly caused this report to be
  signed on
  behalf of the Registrant by the undersigned thereunto duly
  authorized.
  
  
  ABN AMRO
  LaSalle National Bank
  
  Administrator:
    Amy Bulger  (800) 246-5761
    135 S. LaSalle Street   Suite 1740
    Chicago, IL   60603
  
  ^Structured Asset Securities Corporation
  ^Midland Loan Services, L.P. as Servicer
  ^J.E. Robert Company, Inc., as Special Servicer
  ^Lehman Brothers - Underwriter
  ^Multiclass Pass-Through Certificates Series 1996-CFL
  ^ABN AMRO Acct: 67-7477-40-8
  
  Statement Date:     08/26/96
  Payment Date:       08/26/96
  Prior Payment:      07/25/96
  Record Date:        07/31/96
  
  ^Upper Tier
  WAC:                           9.110359%
  WAMM:                                 82
  
                      Original                               
  Opening
  Class               Face Value (1)                         
  Balance
  CUSIP               Per $1,000                             
  Per $1,000
  
  A-1A              149,769,093.00                          
  73,125,077.32
  863572HP1            1000.000000                   0         
  488.252121
  A-1B              196,000,000.00                         
  196,000,000.00
  863572HQ9            1000.000000                   0        
  1000.000000
  A-1C              441,000,000.00                         
  441,000,000.00
  863572HR7            1000.000000                   0         
        1000
  A-2A              171,097,717.00                         
  164,836,944.54
  863572HS5            1000.000000                   0         
  963.408206
  A-2B              175,000,000.00                         
  175,000,000.00
  863572HT3            1000.000000                   0        
  1000.000000
  B                  96,005,662.00                          
  96,005,662.00
  863572HY2            1000.000000                   0        
  1000.000000
  C                 134,407,927.00                         
  134,407,927.00
  863572HZ9            1000.000000                   0        
  1000.000000
  D                 134,407,927.00                         
  134,407,927.00
  863572JA2            1000.000000                   0        
  1000.000000
  E                  96,005,662.00                          
  96,005,662.00
  863572JB0            1000.000000                   0        
  1000.000000
  F                  57,603,397.00                          
  57,603,397.00
  9ABSM668             1000.000000                   0        
  1000.000000
  G                  96,005,662.00                          
  96,005,662.00
  9ABSM669             1000.000000                   0        
  1000.000000
  H                  48,002,831.00                          
  48,002,831.00
  9ABSM670             1000.000000                   0        
  1000.000000
  I                  67,203,963.00                          
  67,203,963.00
  9ABSM671             1000.000000                   0        
  1000.000000
  J                  57,603,397.00                          
  57,603,397.00
  9ABSM672             1000.000000                   0        
  1000.000000
  X-1             1,574,015,521.85 N                     
  1,497,371,506.17
  863572HU0            1000.000000                   0         
  951.306696
  
  
                      Principal           Principal          
  Negative
  Class               Payment             Adj. or Loss       
  Amortization
  CUSIP               Per $1,000          Per $1,000         
  Per $1,000
  
  A-1A               16,109,782.60                0.00         
        0.00
  863572HP1             107.564133            0.000000         
    0.000000
  A-1B                        0.00                0.00         
        0.00
  863572HQ9               0.000000            0.000000         
    0.000000
  A-1C                        0.00                0.00         
        0.00
  863572HR7               0.000000            0.000000         
    0.000000
  A-2A                2,655,919.35                0.00         
        0.00
  863572HS5              15.522822            0.000000         
    0.000000
  A-2B                        0.00                0.00         
        0.00
  863572HT3               0.000000            0.000000         
    0.000000
  B                           0.00                0.00         
        0.00
  863572HY2               0.000000            0.000000         
    0.000000
  C                           0.00                0.00         
        0.00
  863572HZ9               0.000000            0.000000         
    0.000000
  D                           0.00                0.00         
        0.00
  863572JA2               0.000000            0.000000         
    0.000000
  E                           0.00                0.00         
        0.00
  863572JB0               0.000000            0.000000         
    0.000000
  F                           0.00                0.00         
        0.00
  9ABSM668                0.000000            0.000000         
    0.000000
  G                           0.00                0.00         
        0.00
  9ABSM669                0.000000            0.000000         
    0.000000
  H                           0.00                0.00         
        0.00
  9ABSM670                0.000000            0.000000         
    0.000000
  I                           0.00                0.00         
        0.00
  9ABSM671                0.000000            0.000000         
    0.000000
  J                           0.00                0.00         
        0.00
  9ABSM672                0.000000            0.000000         
    0.000000
  X-1                         0.00                0.00         
        0.00
  863572HU0               0.000000            0.000000         
    0.000000
  
                      Closing             Interest           
  Interest
  Class               Balance             Payment            
  Adjustment
  CUSIP               Per $1,000          Per $1,000         
  Per $1,000
  A-1A               57,015,294.72          348,014.43         
        0.00
  863572HP1             380.687988            2.323673         
    0.000000
  A-1B              196,000,000.00          939,330.00         
        0.00
  863572HQ9            1000.000000            4.792500         
    0.000000
  A-1C              441,000,000.00        2,184,420.00         
        0.00
  863572HR7            1000.000000            4.953333         
    0.000000
  A-2A              162,181,025.19        1,064,571.93         
        0.00
  863572HS5             947.885384            6.222011         
    0.000000
  A-2B              175,000,000.00          985,687.50         
        0.00
  863572HT3            1000.000000            5.632500         
    0.000000
  B                  96,005,662.00          504,269.74         
        0.00
  863572HY2            1000.000000            5.252500         
    0.000000
  C                 134,407,927.00          730,843.10         
        0.00
  863572HZ9            1000.000000            5.437500         
    0.000000
  D                 134,407,927.00          787,854.47         
        0.00
  863572JA2            1000.000000            5.861667         
    0.000000
  E                  96,005,662.00          620,036.57         
        0.00
  863572JB0            1000.000000            6.458333         
    0.000000
  F                  57,603,397.00          372,021.94         
        0.00
  9ABSM668             1000.000000            6.458333         
    0.000000
  G                  96,005,662.00          620,036.57         
        0.00
  9ABSM669             1000.000000            6.458333         
    0.000000
  H                  48,002,831.00          310,018.28         
        0.00
  9ABSM670             1000.000000            6.458333         
    0.000000
  I                  67,203,963.00          434,025.59         
        0.00
  9ABSM671             1000.000000            6.458333         
    0.000000
  J                  57,603,397.00          353,320.11         
        0.00
  9ABSM672             1000.000000            6.133668         
    0.000000
  X-1             1,481,261,723.57        1,659,330.36         
       41.64
  863572HU0             941.071866            1.054202         
    0.000026
  
  
                      Pass-Through
  Class               Rate (2)
  CUSIP               Next Rate (3)
  A-1A                           5.711000%
  863572HP1                           Fixed
  A-1B                           5.751000%
  863572HQ9                           Fixed
  A-1C                           5.944000%
  863572HR7                           Fixed
  A-2A                           7.750000%
  863572HS5                           Fixed
  A-2B                           6.759000%
  863572HT3                           Fixed
  B                              6.303000%
  863572HY2                           Fixed
  C                              6.525000%
  863572HZ9                           Fixed
  D                              7.034000%
  863572JA2                           Fixed
  E                              7.750000%
  863572JB0                           Fixed
  F                              7.750000%
  9ABSM668                            Fixed
  G                              7.750000%
  9ABSM669                            Fixed
  H                              7.750000%
  9ABSM670                            Fixed
  I                              7.750000%
  9ABSM671                            Fixed
  J                              7.750000%
  9ABSM672                            Fixed
  X-1                            1.329761%
  863572HU0                      1.309785%
  
  Notes:  (1) N denotes notional balance not included in total
   (2) Interest Paid minus Interest Adjustment minus Deferred
  Interest equals Accrual    (3) Estimated
  
  
                      Original                               
  Opening
  Class               Face Value (1)                         
  Balance
  CUSIP               Per $1,000                             
  Per $1,000
  X-1A            1,151,590,609.00 N                     
  1,074,946,593.32
  863572HV8            1000.000000                   0         
  933.445084
  X-2               346,097,717.57 N                       
  339,836,945.10
  863572HW6            1000.000000                   0         
  981.910391
  X-2A              346,097,717.00 N                       
  339,836,944.54
  863572HX4            1000.000000                   0         
  981.910391
  P                   6,426,983.83                           
  6,405,828.03
  9ABSM677             1000.000000                   0         
  996.708285
  R                           0.00                             
        0.00
  9ABSM678             1000.000000                   0         
    0.000000
                  1,926,540,221.83                   0  
  1,843,614,277.89
  
  
                      Principal           Principal          
  Negative
  Class               Payment             Adj. or Loss       
  Amortization
  CUSIP               Per $1,000          Per $1,000         
  Per $1,000
  X-1A                       0.00                0.00          
       0.00
  863572HV8              0.000000            0.000000          
   0.000000
  X-2                        0.00                0.00          
       0.00
  863572HW6              0.000000            0.000000          
   0.000000
  X-2A                       0.00                0.00          
       0.00
  863572HX4              0.000000            0.000000          
   0.000000
  P                      4,650.06                0.00          
       0.00
  9ABSM677               0.723521            0.000000          
   0.000000
  R                          0.00                0.00          
       0.00
  9ABSM678               0.000000            0.000000          
   0.000000
                    18,770,352.01                0.00          
       0.00
  
  
                      Closing             Interest           
  Interest
  Class               Balance             Payment            
  Adjustment
  CUSIP               Per $1,000          Per $1,000         
  Per $1,000
  X-1A           1,058,836,810.72        1,448,662.48          
   1,030.80
  863572HV8            919.455927            1.257967          
   0.000895
  X-2              337,181,025.75          359,525.62          
       0.00
  863572HW6            974.236491            1.038798          
   0.000000
  X-2A             337,181,025.19          144,520.83          
       0.00
  863572HX4            974.236491            0.417572          
   0.000000
  P                  6,401,177.97                0.00          
       0.00
  9ABSM677             995.984764            0.000000          
   0.000000
  R                          0.00                0.00          
       0.00
  9ABSM678               0.000000            0.000000          
   0.000000
                 1,824,843,925.88       13,866,489.52          
   1,072.44
  Total P&I Payment                             32,636,841.53
  
  
                      Pass-Through
  Class               Rate (2)
  CUSIP               Next Rate (3)
  X-1A                           1.616041%
  863572HV8                      1.609606%
  X-2                            1.269523%
  863572HW6                      1.256899%
  X-2A                           0.510318%
  863572HX4                      0.514338%
  P                       None
  9ABSM677                       0.000000%
  R                       None
  9ABSM678                       0.000000%
  
  ^Lower Tier
                      Original                               
  Opening
  Class               Face Value (1)                         
  Balance
  CUSIP               Per $1,000                             
  Per $1,000
  LA-1A             149,769,093.00                          
  73,125,077.32
  None                 1000.000000                   0         
  488.252121
  LA-1B             196,000,000.00                         
  196,000,000.00
  None                 1000.000000                   0        
  1000.000000
  LA-1C             441,000,000.00                         
  441,000,000.00
  None                 1000.000000                   0        
  1000.000000
  LA-2A             171,097,717.00                         
  164,836,944.54
  None                 1000.000000                   0         
  963.408206
  LA-2B             175,000,000.00                         
  175,000,000.00
  None                 1000.000000                   0        
  1000.000000
  LB                 96,005,662.00                          
  96,005,662.00
  None                 1000.000000                   0        
  1000.000000
  LC                134,407,927.00                         
  134,407,927.00
  None                 1000.000000                   0        
  1000.000000
  LD                134,407,927.00                         
  134,407,927.00
  None                 1000.000000                   0        
  1000.000000
  LE                 96,005,662.00                          
  96,005,662.00
  None                 1000.000000                   0        
  1000.000000
  LF                 57,603,397.00                          
  57,603,397.00
  None                 1000.000000                   0        
  1000.000000
  LG                 96,005,662.00                          
  96,005,662.00
  None                 1000.000000                   0        
  1000.000000
  LH                 48,002,831.00                          
  48,002,831.00
  None                 1000.000000                   0        
  1000.000000
  LI                 67,203,963.00                          
  67,203,963.00
  None                 1000.000000                   0        
  1000.000000
  LJ                 57,603,397.00                          
  57,603,397.00
  None                 1000.000000                   0        
  1000.000000
  LX-1            1,574,015,521.85 N                     
  1,497,371,506.17
  None                 1000.000000                   0         
  951.306696
  
                      Principal           Principal          
  Negative
  Class               Payment             Adj. or Loss       
  Amortization
  CUSIP               Per $1,000          Per $1,000         
  Per $1,000
  LA-1A             16,109,782.60                0.00          
       0.00
  None                 107.564133            0.000000          
   0.000000
  LA-1B                      0.00                0.00          
       0.00
  None                   0.000000            0.000000          
   0.000000
  LA-1C                      0.00                0.00          
       0.00
  None                   0.000000            0.000000          
   0.000000
  LA-2A              2,655,919.35                0.00          
       0.00
  None                  15.522822            0.000000          
   0.000000
  LA-2B                      0.00                0.00          
       0.00
  None                   0.000000            0.000000          
   0.000000
  LB                         0.00                0.00          
       0.00
  None                   0.000000            0.000000          
   0.000000
  LC                         0.00                0.00          
       0.00
  None                   0.000000            0.000000          
   0.000000
  LD                         0.00                0.00          
       0.00
  None                   0.000000            0.000000          
   0.000000
  LE                         0.00                0.00          
       0.00
  None                   0.000000            0.000000          
   0.000000
  LF                         0.00                0.00          
       0.00
  None                   0.000000            0.000000          
   0.000000
  LG                         0.00                0.00          
       0.00
  None                   0.000000            0.000000          
   0.000000
  LH                         0.00                0.00          
       0.00
  None                   0.000000            0.000000          
   0.000000
  LI                         0.00                0.00          
       0.00
  None                   0.000000            0.000000          
   0.000000
  LJ                         0.00                0.00          
       0.00
  None                   0.000000            0.000000          
   0.000000
  LX-1                       0.00                0.00          
       0.00
  None                   0.000000            0.000000          
   0.000000
  
                      Closing             Interest           
  Interest
  Class               Balance             Payment            
  Adjustment
  CUSIP               Per $1,000          Per $1,000         
  Per $1,000
  LA-1A              57,015,294.72          472,266.12         
        0.00
  None                  380.687988            3.153295         
    0.000000
  LA-1B             196,000,000.00        1,265,833.33         
        0.00
  None                 1000.000000            6.458333         
    0.000000
  LA-1C             441,000,000.00        2,848,125.00         
        0.00
  None                 1000.000000            6.458333         
    0.000000
  LA-2A             162,181,025.19        1,064,571.93         
        0.00
  None                  947.885384            6.222011         
    0.000000
  LA-2B             175,000,000.00        1,130,208.33         
        0.00
  None                 1000.000000            6.458333         
    0.000000
  LB                 96,005,662.00          620,036.57         
        0.00
  None                 1000.000000            6.458333         
    0.000000
  LC                134,407,927.00          868,051.20         
        0.00
  None                 1000.000000            6.458333         
    0.000000
  LD                134,407,927.00          868,051.20         
        0.00
  None                 1000.000000            6.458333         
    0.000000
  LE                 96,005,662.00          620,036.57         
        0.00
  None                 1000.000000            6.458333         
    0.000000
  LF                 57,603,397.00          372,021.94         
        0.00
  None                 1000.000000            6.458333         
    0.000000
  LG                 96,005,662.00          620,036.57         
        0.00
  None                 1000.000000            6.458333         
    0.000000
  LH                 48,002,831.00          310,018.28         
        0.00
  None                 1000.000000            6.458333         
    0.000000
  LI                 67,203,963.00          434,025.59         
        0.00
  None                 1000.000000            6.458333         
    0.000000
  LJ                 57,603,397.00          353,320.11         
        0.00
  None                 1000.000000            6.133668         
    0.000000
  LX-1            1,481,261,723.57        1,660,361.16         
    1,072.44
  None                  941.071866            1.054857         
    0.000681
  
                      Pass-Through
  Class               Rate (2)
  CUSIP               Next Rate (3)
  LA-1A                          7.750000%
  None                                Fixed
  LA-1B                          7.750000%
  None                                Fixed
  LA-1C                          7.750000%
  None                                Fixed
  LA-2A                          7.750000%
  None                                Fixed
  LA-2B                          7.750000%
  None                                Fixed
  LB                             7.750000%
  None                                Fixed
  LC                             7.750000%
  None                                Fixed
  LD                             7.750000%
  None                                Fixed
  LE                             7.750000%
  None                                Fixed
  LF                             7.750000%
  None                                Fixed
  LG                             7.750000%
  None                                Fixed
  LH                             7.750000%
  None                                Fixed
  LI                             7.750000%
  None                                Fixed
  LJ                             7.750000%
  None                                Fixed
  LX-1                           1.329761%
  None
  
                      Original                               
  Opening
  Class               Face Value (1)                         
  Balance
  CUSIP               Per $1,000                             
  Per $1,000
  LX-2             346,097,717.57 N                       
  339,836,945.10
  None                1000.000000                   0         
  981.910391
  LP                 6,426,983.83                           
  6,405,828.03
  None                1000.000000                   0         
  996.708285
  LR                         0.00                              
       0.00
  9ABSM679            1000.000000                   0          
   0.000000
                 1,926,540,221.83                    0  
  1,843,614,277.89
  
                      Principal           Principal          
  Negative
  Class               Payment             Adj. or Loss       
  Amortization
  CUSIP               Per $1,000          Per $1,000         
  Per $1,000
  LX-2                        0.00                0.00         
        0.00
  None                    0.000000            0.000000         
    0.000000
  LP                      4,650.06                0.00         
        0.00
  None                    0.723521            0.000000         
    0.000000
  LR                          0.00                0.00         
        0.00
  9ABSM679                0.000000            0.000000         
    0.000000
                     18,770,352.01                0.00         
        0.00
  
                      Closing             Interest           
  Interest
  Class               Balance             Payment            
  Adjustment
  CUSIP               Per $1,000          Per $1,000         
  Per $1,000
  LX-2              337,181,025.75          359,525.62         
        0.00
  None                  974.236491            1.038798         
    0.000000
  LP                  6,401,177.97                0.00         
        0.00
  None                  995.984764            0.000000         
    0.000000
  LR                          0.00                0.00         
        0.00
  9ABSM679                0.000000            0.000000         
    0.000000
                              0.00                0.00         
        0.00
  
                      Pass-Through
  Class               Rate (2)
  CUSIP               Next Rate (3)
  LX-2                           1.269523%
  None                           1.256899%
  LP                      None
  None                           0.000000%
  LR                      None
  9ABSM679                       0.000000%
  
                      Certificate         Unpaid
                      Distributable       Interest           
  Prepayment
  Class               Interest            Shortfall          
  Charges
  A-1A                  348,014.43                0.00         
        0.00
  A-1B                  939,330.00                0.00         
        0.00
  A-1C                2,184,420.00                0.00         
        0.00
  A-2A                1,064,571.93                0.00         
        0.00
  A-2B                  985,687.50                0.00         
        0.00
  B                     504,269.74                0.00         
        0.00
  C                     730,843.10                0.00         
        0.00
  D                     787,854.47                0.00         
        0.00
  E                     620,036.57                0.00         
        0.00
  F                     372,021.94                0.00         
        0.00
  G                     620,036.57                0.00         
        0.00
  H                     310,018.28                0.00         
        0.00
  I                     434,025.59                0.00         
        0.00
  J                     353,320.11                0.00         
        0.00
  X-1                 1,659,330.36                0.00         
       41.64
  X-1A                1,448,662.48                0.00         
    1,030.80
  X-2                   359,525.62                0.00         
        0.00
  X-2A                  144,520.83                0.00         
        0.00
                     13,866,489.52                0.00         
    1,072.44
  LR                          0.00                0.00
  
                   Realized Interest   Excess             
  Apprasial
  Class            Losses              PPIS               
  Reduction Amt.
  A-1A                       0.00                0.00          
       0.00
  A-1B                       0.00                0.00          
       0.00
  A-1C                       0.00                0.00          
       0.00
  A-2A                       0.00                0.00          
       0.00
  A-2B                       0.00                0.00          
       0.00
  B                          0.00                0.00          
       0.00
  C                          0.00                0.00          
       0.00
  D                          0.00                0.00          
       0.00
  E                          0.00                0.00          
       0.00
  F                          0.00                0.00          
       0.00
  G                          0.00                0.00          
       0.00
  H                          0.00                0.00          
       0.00
  I                          0.00                0.00          
       0.00
  J                          0.00                0.00          
       0.00
  X-1                        0.00                0.00          
       0.00
  X-1A                       0.00                0.00          
       0.00
  X-2                        0.00                0.00          
       0.00
  X-2A                       0.00                0.00          
       0.00
                             0.00                0.00          
       0.00
  LR                         0.00                0.00          
       0.00
  
  
                      Beginning
                      Balance             Count
  Group 1                1,503,003,924.11                  428
  Group 2                  340,610,353.78                  103
  Total                  1,843,614,277.89                  531
  
  
                      Ending
                      Balance             Count
  Group 1                1,486,890,240.45                  425
  Group 2                  337,953,685.43                  102
  Total                  1,824,843,925.88                  527
  
  
                      Repurchase                             
  Excess
                      Amount              Principal          
  PPIS
  Group 1                     0.00       13,996,262.15         
        0.00
  Group 2                     0.00        2,215,317.51         
        0.00
  Total                       0.00       16,211,579.66         
        0.00
  
  Advances
                                          Prior Outstanding
                                          Principal          
  Interest
       Servicer                              7,354.06          
  28,333.36
       Special Servicer                          0.00          
       0.00
       Fiscal Agent                              0.00          
       0.00
       Total                                 7,354.06          
  28,333.36
  
                                          Current Month
                                          Principal          
  Interest
       Servicer                               4,682.02         
   19,440.94
       Special Servicer                           0.00         
        0.00
       Fiscal Agent                               0.00         
        0.00
       Total                                  4,682.02         
   19,440.94
  
                                          Recovered
                                          Principal          
  Interest
       Servicer                              5,714.95          
  22,147.38
       Special Servicer                          0.00          
       0.00
       Fiscal Agent                              0.00          
       0.00
       Total                                  5,714.95         
   22,147.38
  
                                          Advances Outstanding
                                          Principal          
  Interest
       Servicer                               6,321.13         
   25,626.92
       Special Servicer                           0.00         
        0.00
       Fiscal Agent                               0.00         
        0.00
       Total                                  6,321.13         
   25,626.92
  
  Interest Breakdown                      Group 1
                                          Amount             
  Rate
  Gross Scheduled Interest              11,421,558.89         
  9.11898528%
  Plus Prepayment Penalties                  1,072.44
  Less Special Servicng Fees               (18,701.83)
  Less Gross Interest Shortfall             (5,887.61)
  Scheduled Interest Received           11,398,041.89
  
  Gross Servicing Fee                       28,793.53         
  0.02300000%
  Less PPIS Allocable to Servicing Fees     (5,873.57)
  
  Less Scheduled Servicing Fees Received   (22,919.96)
  
  Less Retained Servicing Fees             (46,342.62)        
  0.03700000%
  
  Less Trustee Fees Received               (16,595.67)        
  0.01500000%
  
  
  Reimbursement Of Interest On Advances          0.00         
  0.00000000%
  Remittance Interest                   11,312,183.64         
  9.04398528%
  
  Interest Breakdown                      Group 2
                                          Amount             
  Rate
  Gross Scheduled Interest              2,575,097.31         
  9.07229254%
  Plus Prepayment Penalties                     0.00
  Less Special Servicng Fees                    0.00
  Less Gross Interest Shortfall                 0.00
  Scheduled Interest Received           2,575,097.31
  
  Gross Servicing Fee                       6,528.37         
  0.02300000%
  Less PPIS Allocable to Servicing Fees         0.00
  
  Less Scheduled Servicing Fees Received   (6,528.37)
  
  Less Retained Servicing Fees             (10,502.15)        
  0.03700000%
  
  Less Trustee Fees Received                (3,760.91)        
  0.01500000%
  
  
  Reimbursement Of Interest On Advances          0.00         
  0.00000000%
  Remittance Interest                    2,554,305.88         
  8.99729254%
  
  Interest Breakdown                      Total
                                          Amount             
  Rate
  Gross Scheduled Interest              13,996,656.20         
  9.11035873%
  Plus Prepayment Penalties                  1,072.44
  Less Special Servicng Fees               (18,701.83)
  Less Gross Interest Shortfall             (5,887.61)
  Scheduled Interest Received           13,973,139.20
  
  Gross Servicing Fee                       35,321.90         
  0.02300000%
  Less PPIS Allocable to Servicing Fees     (5,873.57)
  
  Less Scheduled Servicing Fees Received   (29,448.33)
  
  Less Retained Servicing Fees             (56,844.77)        
  0.03700000%
  
  Less Trustee Fees Received               (20,356.58)        
  0.01500000%
  
  
  Reimbursement Of Interest On Advances          0.00         
  0.00000000%
  Remittance Interest                   13,866,489.52         
  9.07235873%
  
  
  Advances Retained By Servicer                                
        0.00
  Advances Retained By Special Servicer                        
        0.00
  Advances Retained By Fiscal Agent                            
        0.00
  
  
  TOTAL
  Delinquency /Prepayment / Rate History Reporting
  Distribution        Delinq 1 Month
  Date                #                   Balance
  08/26/96                               1         722,548.80
                                     0.19%              0.039%
  07/25/96                               0               0.00
                                     0.00%              0.000%
  06/25/96                               1       4,055,099.34
                                     0.18%              0.216%
  05/28/96                               0               0.00
                                     0.00%              0.000%
  04/25/96                               0               0.00
                                     0.00%              0.000%
  03/25/96                               0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
  
  Distribution        Delinq 2 Months
  Date                #                   Balance
  08/26/96                               0               0.00
                                     0.00%              0.000%
  07/25/96                               0               0.00
                                     0.00%              0.000%
  06/25/96                               0               0.00
                                     0.00%              0.000%
  05/28/96                               0               0.00
                                     0.00%              0.000%
  04/25/96                               0               0.00
                                     0.00%              0.000%
  03/25/96                               0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
  
  Distribution        Delinq 3+  Months
  Date                #                   Balance
  08/26/96                               0               0.00
                                     0.00%              0.000%
  07/25/96                               0               0.00
                                     0.00%              0.000%
  06/25/96                               0               0.00
                                     0.00%              0.000%
  05/28/96                               0               0.00
                                     0.00%              0.000%
  04/25/96                               0               0.00
                                     0.00%              0.000%
  03/25/96                               0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
  
  Distribution        Foreclosure/Bankruptcy
  Date                #                   Balance
  08/26/96                               0               0.00
                                     0.00%              0.000%
  07/25/96                               0               0.00
                                     0.00%              0.000%
  06/25/96                               0               0.00
                                     0.00%              0.000%
  05/28/96                               0               0.00
                                     0.00%              0.000%
  04/25/96                               0               0.00
                                     0.00%              0.000%
  03/25/96                               0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
  
  Distribution        REO
  Date                #                   Balance
  08/26/96                               0               0.00
                                     0.00%              0.000%
  07/25/96                               0               0.00
                                     0.00%              0.000%
  06/25/96                               0               0.00
                                     0.00%              0.000%
  05/28/96                               0               0.00
                                     0.00%              0.000%
  04/25/96                               0               0.00
                                     0.00%              0.000%
  03/25/96                               0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
  
  Distribution        Modifications
  Date                #                   Balance
  08/26/96                               0               0.00
                                     0.00%              0.000%
  07/25/96                               0               0.00
                                     0.00%              0.000%
  06/25/96                               0               0.00
                                     0.00%              0.000%
  05/28/96                               0               0.00
                                     0.00%              0.000%
  04/25/96                               0               0.00
                                     0.00%              0.000%
  03/25/96                               0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
  
  Distribution        Prepayments
  Date                #                   Balance
  08/26/96                               4      16,211,579.66
                                     0.75%              0.879%
  07/25/96                               6      13,822,167.91
                                     1.12%              0.743%
  06/25/96                               5      15,990,280.14
                                     0.92%              0.851%
  05/28/96                               4       3,063,929.98
                                     0.73%              0.161%
  04/25/96                               4      13,471,424.38
                                     0.72%              0.704%
  03/25/96                               4      10,407,573.48
                                     0.72%              0.540%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
  
  Distribution        Next Weighted Avg.
  Date                Coupon              Remit
  08/26/96                         9.1106%             9.0374%
  
  07/25/96                         9.1104%             9.0371%
  
  06/25/96                         9.1100%             9.0367%
  
  05/28/96                         9.1110%             9.0377%
  
  04/25/96                         9.1085%             9.0352%
  
  03/25/96                         9.1155%             9.0422%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
  Note:  Foreclosure and REO Totals are Included in the
   Appropriate Delinquency Aging Category
  
  Group One
  Delinquency /Prepayment / Rate History Reporting
  
  Distribution        Delinq 1 Month
  Date                #                   Balance
  08/26/96                               1         722,548.80
                                     0.23%              0.048%
  07/25/96                               0               0.00
                                     0.00%              0.000%
  06/25/96                               1       4,055,099.34
                                     0.23%              0.264%
  05/28/96                               0               0.00
                                     0.00%              0.000%
  04/25/96                               0               0.00
                                     0.00%              0.000%
  03/25/96                               0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
  
  Distribution        Delinq 2 Months
  Date                #                   Balance
  08/26/96                               0               0.00
                                     0.00%              0.000%
  07/25/96                               0               0.00
                                     0.00%              0.000%
  06/25/96                               0               0.00
                                     0.00%              0.000%
  05/28/96                               0               0.00
                                     0.00%              0.000%
  04/25/96                               0               0.00
                                     0.00%              0.000%
  03/25/96                               0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
  
  Distribution        Delinq 3+  Months
  Date                #                   Balance
  08/26/96                               0               0.00
                                     0.00%              0.000%
  07/25/96                               0               0.00
                                     0.00%              0.000%
  06/25/96                               0               0.00
                                     0.00%              0.000%
  05/28/96                               0               0.00
                                     0.00%              0.000%
  04/25/96                               0               0.00
                                     0.00%              0.000%
  03/25/96                               0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
  
  Distribution        Foreclosure/Bankruptcy
  Date                #                   Balance
  08/26/96                               0               0.00
                                     0.00%              0.000%
  07/25/96                               0               0.00
                                     0.00%              0.000%
  06/25/96                               0               0.00
                                     0.00%              0.000%
  05/28/96                               0               0.00
                                     0.00%              0.000%
  04/25/96                               0               0.00
                                     0.00%              0.000%
  03/25/96                               0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
  
  Distribution        REO
  Date                #                   Balance
  08/26/96                               0               0.00
                                     0.00%              0.000%
  07/25/96                               0               0.00
                                     0.00%              0.000%
  06/25/96                               0               0.00
                                     0.00%              0.000%
  05/28/96                               0               0.00
                                     0.00%              0.000%
  04/25/96                               0               0.00
                                     0.00%              0.000%
  03/25/96                               0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
  
  Distribution        Modifications
  Date                #                   Balance
  08/26/96                               0               0.00
                                     0.00%              0.000%
  07/25/96                               0               0.00
                                     0.00%              0.000%
  06/25/96                               0               0.00
                                     0.00%              0.000%
  05/28/96                               0               0.00
                                     0.00%              0.000%
  04/25/96                               0               0.00
                                     0.00%              0.000%
  03/25/96                               0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
  
  Distribution        Prepayments
  Date                #                   Balance
  08/26/96                               3      13,996,262.15
                                     0.70%              0.931%
  07/25/96                               5      12,540,193.20
                                     1.15%              0.826%
  06/25/96                               5      15,990,280.14
                                     1.14%              1.041%
  05/28/96                               4       3,063,929.98
                                     0.90%              0.197%
  04/25/96                               3      11,970,372.80
                                     0.67%              0.763%
  03/25/96                               3       9,103,130.10
                                     0.66%              0.576%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
  
  Distribution        Next Weighted Avg.
  Date                Coupon              Remit
  08/26/96                         9.1200%             9.0467%
  
  07/25/96                         9.1190%             0.0000%
  
  06/25/96                         9.1183%             0.0000%
  
  05/28/96                         9.1195%             0.0000%
  
  04/25/96                         9.1164%             0.0000%
  
  03/25/96                         9.1243%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
  Note:  Foreclosure and REO Totals are Included in the
   Appropriate Delinquency Aging Category
  
  Group Two
  Delinquency /Prepayment / Rate History Reporting
  
  Distribution        Delinq 1 Month
  Date                #                   Balance
  08/26/96                               0               0.00
                                     0.00%              0.000%
  07/25/96                               0               0.00
                                     0.00%              0.000%
  06/25/96                               0               0.00
                                     0.00%              0.000%
  05/28/96                               0               0.00
                                     0.00%              0.000%
  04/25/96                               0               0.00
                                     0.00%              0.000%
  03/25/96                               0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
  
  Distribution        Delinq 2 Months
  Date                #                   Balance
  08/26/96                               0               0.00
                                     0.00%              0.000%
  07/25/96                               0               0.00
                                     0.00%              0.000%
  06/25/96                               0               0.00
                                     0.00%              0.000%
  05/28/96                               0               0.00
                                     0.00%              0.000%
  04/25/96                               0               0.00
                                     0.00%              0.000%
  03/25/96                               0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
  
  Distribution        Delinq 3+  Months
  Date                #                   Balance
  08/26/96                               0               0.00
                                     0.00%              0.000%
  07/25/96                               0               0.00
                                     0.00%              0.000%
  06/25/96                               0               0.00
                                     0.00%              0.000%
  05/28/96                               0               0.00
                                     0.00%              0.000%
  04/25/96                               0               0.00
                                     0.00%              0.000%
  03/25/96                               0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
  
  Distribution        Foreclosure/Bankruptcy
  Date                #                   Balance
  08/26/96                               0               0.00
                                     0.00%              0.000%
  07/25/96                               0               0.00
                                     0.00%              0.000%
  06/25/96                               0               0.00
                                     0.00%              0.000%
  05/28/96                               0               0.00
                                     0.00%              0.000%
  04/25/96                               0               0.00
                                     0.00%              0.000%
  03/25/96                               0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
  
  Distribution        REO
  Date                #                   Balance
  08/26/96                               0               0.00
                                     0.00%              0.000%
  07/25/96                               0               0.00
                                     0.00%              0.000%
  06/25/96                               0               0.00
                                     0.00%              0.000%
  05/28/96                               0               0.00
                                     0.00%              0.000%
  04/25/96                               0               0.00
                                     0.00%              0.000%
  03/25/96                               0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
  
  Distribution        Modifications
  Date                #                   Balance
  08/26/96                               0               0.00
                                     0.00%              0.000%
  07/25/96                               0               0.00
                                     0.00%              0.000%
  06/25/96                               0               0.00
                                     0.00%              0.000%
  05/28/96                               0               0.00
                                     0.00%              0.000%
  04/25/96                               0               0.00
                                     0.00%              0.000%
  03/25/96                               0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
  
  Distribution        Prepayments
  Date                #                   Balance
  08/26/96                               1       2,215,317.51
                                     0.97%              0.650%
  07/25/96                               1       1,281,974.71
                                     0.96%              0.374%
  06/25/96                               0               0.00
                                     0.00%              0.000%
  05/28/96                               0               0.00
                                     0.00%              0.000%
  04/25/96                               1       1,501,051.58
                                     0.95%              0.435%
  03/25/96                               1       1,304,443.38
                                     0.94%              0.376%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
                                         0               0.00
                                     0.00%              0.000%
  
  Distribution        Next Weighted Avg.
  Date                Coupon              Remit
  08/26/96                         9.0694%             8.9962%
  
  07/25/96                         9.0723%             0.0000%
  
  06/25/96                         9.0730%             0.0000%
  
  05/28/96                         9.0731%             0.0000%
  
  04/25/96                         9.0731%             0.0000%
  
  03/25/96                         9.0756%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
                                   0.0000%             0.0000%
  
  
  
  
  Delinquency Loan Detail
  
  
                                          Paid
  Disclosure Doc                          Thru               
  Current P&I
  Control #           Period              Date               
  Advance
  
  419                   199608     07/01/96                    
    9,777.83
  501                   199608     06/01/96                    
    7,825.12
  520                   199608     07/01/96                    
    6,520.01
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  TOTALS:                                                      
  24,122.96
  
                                          Outstanding
                      Outstanding         Property
  Disclosure Doc      P&I                 Protection         
  Advance
  Control #           Advances**          Advances           
  Description (1)
  
  419                            9,777.83                0.00
  B
  501                           15,650.21                0.00  
          1
  520                            6,520.01                0.00
  B
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  TOTALS:                       31,948.05                0.00
  
                                          Special
                                          Servicer
  Disclosure Doc      Loan                Transfer           
  Foreclosure
  Control #           Status (2)          Date               
  Date
  
  419                                    0
  501                                    0
  520                                    0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
  TOTALS:
  
  Disclosure Doc      Bankruptcy          REO
  Control #           Date                Date
  
  419
  501
  520
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  TOTALS:
  
  
                                          Paid
  Disclosure Doc                          Thru               
  Current P&I
  Control #           Period              Date               
  Advance
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  TOTALS:                                                      
        0.00
  
                                          Outstanding
                      Outstanding         Property
  Disclosure Doc      P&I                 Protection         
  Advance
  Control #           Advances**          Advances           
  Description (1)
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  TOTALS:                    0.00                0.00          
       0.00
  
                                          Special
                                          Servicer
  Disclosure Doc      Loan                Transfer           
  Foreclosure
  Control #           Status (2)          Date               
  Date
  
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
  TOTALS:
  
  
  
  Disclosure Doc      Bankruptcy          REO
  Control #           Date                Date
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  TOTALS:
  
                                          Paid
  Disclosure Doc                          Thru               
  Current P&I
  Control #           Period              Date               
  Advance
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  TOTALS:                                                      
               0.00
  
                                          Outstanding
                      Outstanding         Property
  Disclosure Doc      P&I                 Protection         
  Advance
  Control #           Advances**          Advances           
  Description (1)
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  TOTALS:                            0.00                0.00  
               0.00
  
                                          Special
                                          Servicer
  Disclosure Doc      Loan                Transfer           
  Foreclosure
  Control #           Status (2)          Date               
  Date
  
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
                                         0
  TOTALS:
  
  
  
  Disclosure Doc      Bankruptcy          REO
  Control #           Date                Date
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  TOTALS:
  
  (1) Advance Description:
  
  A.  P&I Advance - Loan in Grace Period
  B.  P&I Advance - Late Payment but < one month delinq
  1.  P&I Advance - Loan delinquent 1 month
  2.  P&I Advance - Loan delinquent 2 months
  3.  P&I Advance - Loan delinquent 3 months
  
  (2) Loan Status:
  
  1.  Specially  Serviced
  2. Foreclosure
  3. Bankruptcy
  4. REO
  5. Prepaid in Full
  6. DPO
  7. Foreclosure Sale
  8. Bankruptcy Sale
  9. REO Disposition
  10. Modification/Workout
  
  **  Outstanding P&I Advances include the current period P&I
  Advance
  
  
  Group 1
  Distribution of Principal Balances
  Current Scheduled                                          
  Number
   Principal Balances                                        
  of Loans
                $0.00 to          $500,000.00                  
  18
          $500,000.01 to        $1,000,000.00                  
  64
        $1,000,000.01 to        $1,500,000.00                  
  72
        $1,500,000.01 to        $2,000,000.00                  
  50
        $2,000,000.01 to        $3,000,000.00                  
  77
        $3,000,000.01 to        $4,000,000.00                  
  39
        $4,000,000.01 to        $5,000,000.00                  
  31
        $5,000,000.01 to        $6,000,000.00                  
  18
        $6,000,000.01 to        $7,000,000.00                  
  10
        $7,000,000.01 to        $8,000,000.00                  
   7
        $8,000,000.01 to        $9,000,000.00                  
   8
        $9,000,000.01 to       $10,000,000.00                  
   6
       $10,000,000.01 to       $11,000,000.00                  
   4
       $11,000,000.01 to       $12,000,000.00                  
   0
       $12,000,000.01 to       $13,000,000.00                  
   1
       $13,000,000.01 to       $14,000,000.00                  
   1
       $14,000,000.01 to       $19,000,000.00                  
  12
       $19,000,000.01 to       $24,000,000.00                  
   3
       $24,000,000.01 to       $30,000,000.00                  
   3
       $30,000,000.01 & above                                  
   1
                      Total                                   
  425
  
  Average Scheduled Balance is                   3,474,042.62
  Maximum Scheduled Balance is                  33,441,717.18
  Minimum Scheduled Balance is                      81,157.40
  
  Group 1
  Distribution of Principal Balances
  Current Scheduled                                          
  Scheduled
   Principal Balances                                        
  Principal Balance
                $0.00 to                 $500,000.00       
  6,013,607.53
          $500,000.01 to               $1,000,000.00      
  48,175,576.17
        $1,000,000.01 to               $1,500,000.00      
  89,607,699.55
        $1,500,000.01 to               $2,000,000.00      
  89,112,453.39
        $2,000,000.01 to               $3,000,000.00     
  186,850,292.26
        $3,000,000.01 to               $4,000,000.00     
  137,071,717.37
        $4,000,000.01 to               $5,000,000.00     
  137,937,579.14
        $5,000,000.01 to               $6,000,000.00      
  98,783,406.70
        $6,000,000.01 to               $7,000,000.00      
  64,007,654.06
        $7,000,000.01 to               $8,000,000.00      
  53,440,884.52
        $8,000,000.01 to               $9,000,000.00      
  68,577,051.71
        $9,000,000.01 to              $10,000,000.00      
  57,016,389.34
       $10,000,000.01 to              $11,000,000.00      
  41,829,467.06
       $11,000,000.01 to              $12,000,000.00           
      0.00
       $12,000,000.01 to              $13,000,000.00      
  12,704,448.95
       $13,000,000.01 to              $14,000,000.00      
  13,812,008.78
       $14,000,000.01 to              $19,000,000.00     
  201,843,904.19
       $19,000,000.01 to              $24,000,000.00      
  64,450,534.96
       $24,000,000.01 to              $30,000,000.00      
  82,213,847.59
       $30,000,000.01 & above                  $0.00      
  33,441,717.18
                      Total                            
  1,486,890,240.45
  
  Group 1
  Distribution of Principal Balances
  Current Scheduled                                          
  Based on
   Principal Balances                                        
  Balance
                $0.00 to            $500,000.00               
  0.40%
          $500,000.01 to          $1,000,000.00               
  3.24%
        $1,000,000.01 to          $1,500,000.00               
  6.03%
        $1,500,000.01 to          $2,000,000.00               
  5.99%
        $2,000,000.01 to          $3,000,000.00              
  12.57%
        $3,000,000.01 to          $4,000,000.00               
  9.22%
        $4,000,000.01 to          $5,000,000.00               
  9.28%
        $5,000,000.01 to          $6,000,000.00               
  6.64%
        $6,000,000.01 to          $7,000,000.00               
  4.30%
        $7,000,000.01 to          $8,000,000.00               
  3.59%
        $8,000,000.01 to          $9,000,000.00               
  4.61%
        $9,000,000.01 to         $10,000,000.00               
  3.83%
       $10,000,000.01 to         $11,000,000.00               
  2.81%
       $11,000,000.01 to         $12,000,000.00               
  0.00%
       $12,000,000.01 to         $13,000,000.00               
  0.85%
       $13,000,000.01 to         $14,000,000.00               
  0.93%
       $14,000,000.01 to         $19,000,000.00              
  13.57%
       $19,000,000.01 to         $24,000,000.00               
  4.33%
       $24,000,000.01 to         $30,000,000.00               
  5.53%
       $30,000,000.01 & above                                 
  2.25%
                      Total                                 
  100.00%
  
  Distribution of Property Types
                                          Number
  Property Types                          of Loans
  Office                                                   106
  Retail                                                   140
  Multi-Family Housing                                      71
  Warehouse                                                 68
  Industrial                                                33
  Golf Course                                                1
  Parking                                                    1
  Automobile Dealership                                      1
  Mobile Home Park                                           1
  Bank                                                       1
  Private School                                             1
  Other                                                      1
  Total                                                    425
  
  Distribution of Property Types
                                          Scheduled
  Property Types                          Principal Balance
  Office                                       458,205,551.87
  Retail                                       398,767,794.96
  Multi-Family Housing                         373,593,560.36
  Warehouse                                    153,701,146.67
  Industrial                                    88,658,112.21
  Golf Course                                    3,698,000.05
  Parking                                        3,594,115.18
  Automobile Dealership                          2,754,412.34
  Mobile Home Park                               2,480,079.11
  Bank                                             745,920.99
  Private School                                   610,389.31
  Other                                             81,157.40
  Total                                      1,486,890,240.45
  
  Distribution of Property Types
                                          Based on
  Property Types                          Balance
  Office                                                30.82%
  Retail                                                26.82%
  Multi-Family Housing                                  25.13%
  Warehouse                                             10.34%
  Industrial                                             5.96%
  Golf Course                                            0.25%
  Parking                                                0.24%
  Automobile Dealership                                  0.19%
  Mobile Home Park                                       0.17%
  Bank                                                   0.05%
  Private School                                         0.04%
  Other                                                  0.01%
  Total                                                100.00%
  
  
  
  Distribution of Mortgage Interest Rates
   Current Mortgage                                          
  Number
  Interest Rate                                              
  of Loans
                7.125%or          less                         
           8
                7.126%to                        7.250%         
           1
                7.251%to                        7.375%         
           0
                7.376%to                        7.500%         
           2
                7.501%to                        7.625%         
           1
                7.626%to                        7.750%         
           7
                7.751%to                        7.875%         
           4
                7.876%to                        8.000%         
          12
                8.001%to                        8.125%         
           2
                8.126%to                        8.625%         
          74
                8.626%to                        9.125%         
          79
                9.126%to                        9.625%         
          91
                9.626%to                       10.125%         
          90
               10.126%to                       10.625%         
          49
               10.626%& above                                  
           5
                      Total                                    
         425
  
  Weighted Average Mortgage Interest Rate is                   
     9.1200%
  Minimum Mortgage Interest Rate is                            
     6.2500%
  Maximum Mortgage Interest Rate is                            
    14.7500%
  
  Distribution of Mortgage Interest Rates
   Current Mortgage                                          
  Scheduled
  Interest Rate                                              
  Principal Balance
                7.125%or           less                     
  21,295,820.65
                7.126%to                         7.250%      
  2,343,750.01
                7.251%to                         7.375%        
        0.00
                7.376%to                         7.500%      
  6,266,824.35
                7.501%to                         7.625%      
  4,180,960.29
                7.626%to                         7.750%     
  54,041,212.29
                7.751%to                         7.875%      
  5,117,563.33
                7.876%to                         8.000%     
  74,210,322.92
                8.001%to                         8.125%      
  2,397,587.10
                8.126%to                         8.625%    
  298,686,436.83
                8.626%to                         9.125%    
  266,513,450.43
                9.126%to                         9.625%    
  330,392,586.30
                9.626%to                        10.125%    
  292,428,283.45
               10.126%to                        10.625%    
  121,271,374.09
               10.626%& above                                
  7,744,068.41
                      Total                              
  1,486,890,240.45
  
  Distribution of Mortgage Interest Rates
   Current Mortgage                                          
  Based on
  Interest Rate                                              
  Balance
                7.125%or          less                         
       1.43%
                7.126%to                        7.250%         
       0.16%
                7.251%to                        7.375%         
       0.00%
                7.376%to                        7.500%         
       0.42%
                7.501%to                        7.625%         
       0.28%
                7.626%to                        7.750%         
       3.63%
                7.751%to                        7.875%         
       0.34%
                7.876%to                        8.000%         
       4.99%
                8.001%to                        8.125%         
       0.16%
                8.126%to                        8.625%         
      20.09%
                8.626%to                        9.125%         
      17.92%
                9.126%to                        9.625%         
      22.22%
                9.626%to                       10.125%         
      19.67%
               10.126%to                       10.625%         
       8.16%
               10.626%& above                   0.000%         
       0.52%
                      Total                                    
     100.00%
  
  Geographic Distribution
                      Number              Scheduled
  Geographic Location of Loans            Principal Balance
  California                           105     247,770,453.27
  New Jersey                            46     198,381,334.59
  Florida                               22     101,097,123.69
  Georgia                               30      92,482,353.89
  Illinois                              26      90,289,275.80
  Maryland                              33      89,625,183.36
  Unknown                               12      78,188,088.64
  District of Columbia                   7      68,538,165.80
  Minnesota                              6      64,694,395.31
  Colorado                              17      52,662,117.59
  Virginia                               8      52,412,673.18
  Washington                            19      50,839,823.03
  Delaware                               6      49,599,279.32
  Pennsylvania                          11      47,505,012.37
  Virginia                              10      45,838,560.28
  Washington                            34      39,906,311.20
  Delaware                               6      38,183,228.05
  Pennsylvania                           8      29,529,665.14
  Virginia                              11      21,751,549.26
  Washington                             3      10,004,144.10
  Delaware                               2       7,748,349.09
  Pennsylvania                           2       6,336,716.29
  Virginia                               1       3,506,437.20
  Total                                425   1,486,890,240.45
  
  Geographic Distribution
                                          Based on
  Geographic Location                     Balance
  California                                            16.66%
  New Jersey                                            13.34%
  Florida                                                6.80%
  Georgia                                                6.22%
  Illinois                                               6.07%
  Maryland                                               6.03%
  Unknown                                                5.26%
  District of Columbia                                   4.61%
  Minnesota                                              4.35%
  Colorado                                               3.54%
  Virginia                                               3.52%
  Washington                                             3.42%
  Delaware                                               3.34%
  Pennsylvania                                           3.19%
  Virginia                                               3.08%
  Washington                                             2.68%
  Delaware                                               2.57%
  Pennsylvania                                           1.99%
  Virginia                                               1.46%
  Washington                                             0.67%
  Delaware                                               0.52%
  Pennsylvania                                           0.43%
  Virginia                                               0.24%
  Total                                                100.00%
  
  
  Loan Seasoning
                      Number              Scheduled
  Number of Years     of Loans            Principal Balance
  1 year or less                        27      63,836,960.57
   1+ to 2 years                         3       8,740,411.21
  2+ to 3 years                         10      14,584,302.45
  3+ to 4 years                         13      32,211,750.87
  4+ to 5 years                         23     104,322,128.75
  5+ to 6 years                         29     245,319,825.63
  6+ to 7 years                         67     310,929,301.43
  7+ to 8 years                         73     299,764,496.60
  8+ to 9 years                         59     197,146,283.48
  9+ to 10 years                        67     126,877,934.06
  10  years or more                     54      83,156,845.40
  Total                                425   1,486,890,240.45
  
  Weighted Average Seasoning is                           6.9
  
  Loan Seasoning
                                          Based on
  Number of Years                         Balance
  1 year or less                                         4.29%
   1+ to 2 years                                         0.59%
  2+ to 3 years                                          0.98%
  3+ to 4 years                                          2.17%
  4+ to 5 years                                          7.02%
  5+ to 6 years                                         16.50%
  6+ to 7 years                                         20.91%
  7+ to 8 years                                         20.16%
  8+ to 9 years                                         13.26%
  9+ to 10 years                                         8.53%
  10  years or more                                      5.59%
  Total                                                100.00%
  
  
  Distribution of Remaining Term
  Fully Amortizing
  Fully Amortizing
  Mortgage Loans      Number              Scheduled
                      of Loans            Principal Balance
  60 months or less                      6       3,552,888.75
  61 to 120 months                      12      16,684,464.78
  121 to 180 months                     31      91,633,482.84
  181 to 240 months                     12      51,789,243.19
  241 to 360 months                     16      98,407,434.33
  Total                                 77     262,067,513.89
  
  Weighted Average Months to Maturity is                  198
  
  Distribution of Remaining Term
  Fully Amortizing
  Fully Amortizing
  Mortgage Loans      Based on
                      Balance
  60 months or less                  0.24%
  61 to 120 months                   1.12%
  121 to 180 months                  6.16%
  181 to 240 months                  3.48%
  241 to 360 months                  6.62%
  Total                             17.63%
  
  Distribution of DSCR
                      Debt Service                           
  Number
                      Coverage Ratio (1)                     
  of Loans
              100.000%or          less                         
          57
              100.100%to                      112.500%         
          61
              112.600%to                      125.000%         
          83
              125.100%to                      137.500%         
          58
              137.600%to                      150.000%         
          42
              150.100%to                      162.500%         
          35
              162.600%to                      175.000%         
          29
              175.100%to                      187.500%         
          11
              187.600%to                      200.000%         
          11
              200.100%to                      212.500%         
           5
              212.600%to                      225.000%         
           7
              225.100%to                      237.500%         
           5
              237.600%to                      250.000%         
           3
              250.100%to                      262.500%         
           2
              262.600%&           above                        
          14
  Unknown                                                      
           2
                      Total                                    
         425
  
  Weighted Average Debt Service Coverage Ratio is              
    130.065%
  
  Distribution of DSCR
                      Debt Service                           
  Scheduled
                      Coverage Ratio (1)                     
  Principal Balance
              100.000%or           less                    
  170,829,638.82
              100.100%to                       112.500%    
  294,518,351.47
              112.600%to                       125.000%    
  347,528,610.30
              125.100%to                       137.500%    
  208,856,585.25
              137.600%to                       150.000%    
  157,611,689.87
              150.100%to                       162.500%    
  106,846,111.39
              162.600%to                       175.000%     
  79,585,915.15
              175.100%to                       187.500%     
  22,328,799.16
              187.600%to                       200.000%     
  30,398,798.30
              200.100%to                       212.500%      
  7,531,442.34
              212.600%to                       225.000%      
  7,102,249.27
              225.100%to                       237.500%     
  19,366,229.01
              237.600%to                       250.000%      
  8,984,697.74
              250.100%to                       262.500%      
  1,002,290.73
              262.600%&            above                    
  21,477,475.39
  Unknown                                                    
  2,921,356.26
                      Total                              
  1,486,890,240.45
  
  Distribution of DSCR
                      Debt Service                           
  Based on
                      Coverage Ratio (1)                     
  Balance
              100.000%or          less                         
      11.49%
              100.100%to                      112.500%         
      19.81%
              112.600%to                      125.000%         
      23.37%
              125.100%to                      137.500%         
      14.05%
              137.600%to                      150.000%         
      10.60%
              150.100%to                      162.500%         
       7.19%
              162.600%to                      175.000%         
       5.35%
              175.100%to                      187.500%         
       1.50%
              187.600%to                      200.000%         
       2.04%
              200.100%to                      212.500%         
       0.51%
              212.600%to                      225.000%         
       0.48%
              225.100%to                      237.500%         
       1.30%
              237.600%to                      250.000%         
       0.60%
              250.100%to                      262.500%         
       0.07%
              262.600%&           above                        
       1.44%
  Unknown                                                      
       0.20%
                      Total                                    
     100.00%
  
  
  Distribution of Amortization Type
                      Number              Scheduled          
  Based on
  Amortization Type   of Loans            Principal Balance  
  Balance
  Fully Amortizing             77     262,067,513.89           
     17.63%
  Amortizing Balloon          329   1,108,005,622.41           
     74.52%
  Interest Only Balloo         19     116,817,104.15           
      7.86%
  
  Total                       425   1,486,890,240.45           
    100.00%
  
  Distribution of Remaining Term
  Balloon Loans
  
  Balloon             Number              Scheduled          
  Based on
  Mortgage Loans      of Loans            Principal Balance  
  Balance
  12 months or less            59     164,183,208.17           
     11.04%
  13 to 24 months              42     143,163,417.85           
      9.63%
  25 to 36 months              75     226,567,491.65           
     15.24%
  37 to 48 months              63     287,098,210.26           
     19.31%
  49 to 60 months              19      91,776,452.92           
      6.17%
  61 to 120 months             61     199,312,773.87           
     13.40%
  121 to 180 months            26     102,601,329.14           
      6.90%
  181 to 240 months             3      10,119,842.70           
      0.68%
  Total                       348   1,224,822,726.56           
     82.37%
  
  Weighted Average Months to Maturity is                       
      51.09
  
  NOI Aging
                                                             
  Number
  NOI Date                                                   
  of Loans
                      1 year or less                           
         425
  1+                  to                  2 years              
           0
  2+                  &                   above                
           0
  Unknown                                                      
           0
                      Total                                    
         425
  
  NOI Aging
                                                             
  Scheduled
  NOI Date                                                   
  Principal Balance
                      1 year or less                     
  1,486,890,240.45
  1+                  to                  2 years              
        0.00
  2+                  &                   above                
        0.00
  Unknown                                                      
        0.00
                      Total                              
  1,486,890,240.45
  
  NOI Aging
                                                             
  Based on
  NOI Date                                                   
  Balance
                      1 year or less                           
     100.00%
  1+                  to                  2 years              
       0.00%
  2+                  &                   above                
       0.00%
  Unknown                                                      
       0.00%
                      Total                                    
     100.00%
  
  (1) Debt Service Coverage Ratios are calculated as described
  in the prospectus, values are updated periodically as new
  NOI figures became available from borrowers on an asset
  level.
        Neither the Trustee, Servicer, Special Servicer or
  Underwriter makes any representation as to the accuracy of
  the data provided by the
   borrower for this calculation.
  
  Group 2
  
  Distribution of Principal Balances
  Current Scheduled                                          
  Number
   Principal Balances                                        
  of Loans
                $0.00 to                 $500,000.00           
          2
          $500,000.01 to               $1,000,000.00           
         12
        $1,000,000.01 to               $1,500,000.00           
         13
        $1,500,000.01 to               $2,000,000.00           
         19
        $2,000,000.01 to               $3,000,000.00           
         22
        $3,000,000.01 to               $4,000,000.00           
          9
        $4,000,000.01 to               $5,000,000.00           
          8
        $5,000,000.01 to               $6,000,000.00           
          5
        $6,000,000.01 to               $7,000,000.00           
          2
        $7,000,000.01 to               $8,000,000.00           
          2
        $8,000,000.01 to               $9,000,000.00           
          3
        $9,000,000.01 to              $10,000,000.00           
          1
       $10,000,000.01 to              $11,000,000.00           
          0
       $11,000,000.01 to              $12,000,000.00           
          1
       $12,000,000.01 to              $13,000,000.00           
          1
       $13,000,000.01 to              $14,000,000.00           
          0
       $14,000,000.01 to              $19,000,000.00           
          1
       $19,000,000.01 to              $24,000,000.00           
          0
       $24,000,000.01 to              $30,000,000.00           
          1
       $30,000,000.01 &          Above                         
          0
                      Total                                    
        102
  
  Average Scheduled Balance is                   3,281,103.74
  Maximum Scheduled Balance is                  24,717,211.60
  Minimum Scheduled Balance is                     311,996.37
  
  Distribution of Principal Balances
  Current Scheduled                                          
  Scheduled
   Principal Balances                                        
  Principal Balance
                $0.00 to                  $500,000.00         
  644,256.21
          $500,000.01 to                $1,000,000.00       
  9,458,617.15
        $1,000,000.01 to                $1,500,000.00      
  15,686,179.32
        $1,500,000.01 to                $2,000,000.00      
  33,100,215.37
        $2,000,000.01 to                $3,000,000.00      
  55,132,163.90
        $3,000,000.01 to                $4,000,000.00      
  31,886,871.87
        $4,000,000.01 to                $5,000,000.00      
  36,345,734.77
        $5,000,000.01 to                $6,000,000.00      
  26,313,392.07
        $6,000,000.01 to                $7,000,000.00      
  13,588,944.35
        $7,000,000.01 to                $8,000,000.00      
  15,205,130.18
        $8,000,000.01 to                $9,000,000.00      
  25,148,062.14
        $9,000,000.01 to               $10,000,000.00       
  9,630,843.98
       $10,000,000.01 to               $11,000,000.00          
       0.00
       $11,000,000.01 to               $12,000,000.00      
  11,010,591.23
       $12,000,000.01 to               $13,000,000.00      
  12,062,499.95
       $13,000,000.01 to               $14,000,000.00          
       0.00
       $14,000,000.01 to               $19,000,000.00      
  18,022,971.34
       $19,000,000.01 to               $24,000,000.00          
       0.00
       $24,000,000.01 to               $30,000,000.00      
  24,717,211.60
       $30,000,000.01 &           Above                        
       0.00
                      Total                               
  337,953,685.43
  
  Distribution of Principal Balances
  Current Scheduled                                          
  Based on
   Principal Balances                                        
  Balance
                $0.00 to                  $500,000.00          
       0.19%
          $500,000.01 to                $1,000,000.00          
       2.80%
        $1,000,000.01 to                $1,500,000.00          
       4.64%
        $1,500,000.01 to                $2,000,000.00          
       9.79%
        $2,000,000.01 to                $3,000,000.00          
      16.31%
        $3,000,000.01 to                $4,000,000.00          
       9.44%
        $4,000,000.01 to                $5,000,000.00          
      10.75%
        $5,000,000.01 to                $6,000,000.00          
       7.79%
        $6,000,000.01 to                $7,000,000.00          
       4.02%
        $7,000,000.01 to                $8,000,000.00          
       4.50%
        $8,000,000.01 to                $9,000,000.00          
       7.44%
        $9,000,000.01 to               $10,000,000.00          
       2.85%             $10,000,000.01 to              
  $11,000,000.00                0.00%
       $11,000,000.01 to               $12,000,000.00          
       3.26%
       $12,000,000.01 to               $13,000,000.00          
       3.57%
       $13,000,000.01 to               $14,000,000.00          
       0.00%
       $14,000,000.01 to               $19,000,000.00          
       5.33%
       $19,000,000.01 to               $24,000,000.00          
       0.00%
       $24,000,000.01 to               $30,000,000.00          
       7.31%
       $30,000,000.01 &           Above                        
       0.00%
                      Total                                    
     100.00%
  
  Distribution of Property Types
                                          Number
  Property Types                          of Loans
  Retail                                                    27
  Warehouse                                                 29
  Office                                                    21
  Multi-Family Housing                                      12
  Industrial                                                13
                      Total                                102
  
  
  Distribution of Property Types
                                          Scheduled
  Property Types                          Principal Balance
  Retail                                       116,100,062.27
  Warehouse                                     78,649,275.00
  Office                                        62,553,757.05
  Multi-Family Housing                          48,397,145.09
  Industrial                                    32,253,446.02
                      Total                    337,953,685.43
  
  
  Distribution of Property Types
                                          Based on
  Property Types                          Balance
  Retail                                                34.35%
  Warehouse                                             23.27%
  Office                                                18.51%
  Multi-Family Housing                                  14.32%
  Industrial                                             9.54%
                      Total                            100.00%
  
  Distribution of Mortgage Interest Rates
   Current Mortgage                                          
  Number
  Interest Rate                                              
  of Loans
                7.125%or         less                          
          0
                7.126%to                       7.250%          
          0
                7.251%to                       7.375%          
          0
                7.376%to                       7.500%          
          3
                7.501%to                       7.625%          
          0
                7.626%to                       7.750%          
          3
                7.751%to                       7.875%          
          1
                7.876%to                       8.000%          
          3
                8.001%to                       8.125%          
          0
                8.126%to                       8.625%          
         13
                8.626%to                       9.125%          
         17
                9.126%to                       9.625%          
         32
                9.626%to                      10.125%          
         24
               10.126%to                      10.625%          
          6
               10.626%& above                                  
          0
                      Total                                    
        102
  
  Weighted Average Mortgage Interest Rate is                   
    9.0694%
  Minimum Mortgage Interest Rate is                            
    7.5000%
  Maximum Mortgage Interest Rate is                            
   10.3750%
  
  Distribution of Mortgage Interest Rates
   Current Mortgage                                          
  Scheduled
  Interest Rate                                              
  Principal Balance
                7.125%or                  less                 
        0.00
                7.126%to                         7.250%        
        0.00
                7.251%to                         7.375%        
        0.00
                7.376%to                         7.500%      
  6,046,166.59
                7.501%to                         7.625%        
        0.00
                7.626%to                         7.750%     
  28,072,522.62
                7.751%to                         7.875%        
  917,680.58
                7.876%to                         8.000%     
  14,945,624.71
                8.001%to                         8.125%        
        0.00
                8.126%to                         8.625%     
  40,043,740.53
                8.626%to                         9.125%     
  76,999,024.43
                9.126%to                         9.625%     
  84,047,558.58
                9.626%to                        10.125%     
  68,959,778.21
               10.126%to                        10.625%     
  17,921,589.18
               10.626%& above                    0.000%        
        0.00
                      Total                                
  337,953,685.43
  
  Distribution of Mortgage Interest Rates
   Current Mortgage                                          
  Based on
  Interest Rate                                              
  Balance
                7.125%or                  less                 
      0.00%
                7.126%to                       7.250%          
      0.00%
                7.251%to                       7.375%          
      0.00%
                7.376%to                       7.500%          
      1.79%
                7.501%to                       7.625%          
      0.00%
                7.626%to                       7.750%          
      8.31%
                7.751%to                       7.875%          
      0.27%
                7.876%to                       8.000%          
      4.42%
                8.001%to                       8.125%          
      0.00%
                8.126%to                       8.625%          
     11.85%
                8.626%to                       9.125%          
     22.78%
                9.126%to                       9.625%          
     24.87%
                9.626%to                      10.125%          
     20.41%
               10.126%to                      10.625%          
      5.30%
               10.626%& above                                  
      0.00%
                      Total                                    
    100.00%
  
  Geographic Distribution
                      Number              Scheduled
  Geographic Location of Loans            Principal Balance
  California                            52     138,761,307.72
  Florida                                8      44,841,092.37
  Georgia                                8      39,119,189.62
  New Jersey                             5      18,260,097.61
  Unknown                                2      16,208,855.23
  Illinois                               7      16,068,141.05
  Texas                                  2      12,984,214.80
  Pennsylvania                           4      10,481,349.33
  Hawaii                                 1       9,630,843.98
  Illinois                               2       9,317,478.90
  Texas                                  2       7,851,095.83
  Pennsylvania                           3       5,983,432.78
  Hawaii                                 3       3,754,522.59
  Illinois                               2       3,073,839.02
  Texas                                  1       1,618,224.60
  Total                                102     337,953,685.43
  
  Geographic Distribution
                                          Based on
  Geographic Location                     Balance
  California                                            41.06%
  Florida                                               13.27%
  Georgia                                               11.58%
  New Jersey                                             5.40%
  Unknown                                                4.80%
  Illinois                                               4.75%
  Texas                                                  3.84%
  Pennsylvania                                           3.10%
  Hawaii                                                 2.85%
  Illinois                                               2.76%
  Texas                                                  2.32%
  Pennsylvania                                           1.77%
  Hawaii                                                 1.11%
  Illinois                                               0.91%
  Texas                                                  0.48%
  Total                                                100.00%
  
  Loan Seasoning
  
  Number of Years     Number              Scheduled
                      of Loans            Principal Balance
  1 year or less                         0               0.00
   1+ to 2 years                         1       1,966,404.73
  2+ to 3 years                          1       2,716,024.81
  3+ to 4 years                          1       5,198,264.00
  4+ to 5 years                          4      16,026,750.30
  5+ to 6 years                         14      44,032,248.62
  6+ to 7 years                         19      96,623,824.56
  7+ to 8 years                         14      62,825,572.10
  8+ to 9 years                         18      53,123,244.07
  9+ to 10 years                        19      32,874,495.52
  10  years or more                     11      22,566,856.72
  Total                                102     337,953,685.43
  
  Weighted Average Seasoning is                           7.3
  
  Loan Seasoning
  
  Number of Years     Based on
                      Balance
  1 year or less                     0.00%
   1+ to 2 years                     0.58%
  2+ to 3 years                      0.80%
  3+ to 4 years                      1.54%
  4+ to 5 years                      4.74%
  5+ to 6 years                     13.03%
  6+ to 7 years                     28.59%
  7+ to 8 years                     18.59%
  8+ to 9 years                     15.72%
  9+ to 10 years                     9.73%
  10  years or more                  6.68%
  Total                            100.00%
  
  Distribution of Remaining Term
  Fully Amortizing
  Fully Amortizing
  Mortgage Loans
                      Number              Scheduled
                      of Loans            Principal Balance
  60 months or less                      0               0.00
  61 to 120 months                       0               0.00
  121 to 180 months                      5       5,368,076.10
  181 to 240 months                      2      10,463,542.08
  241 to 360 months                      1       2,960,416.93
  Total                                  8      18,792,035.11
  
  Weighted Average Months to Maturity is                   207
  
  Distribution of Remaining Term
  Fully Amortizing
  Fully Amortizing
  Mortgage Loans
                      Based on
                      Balance
  60 months or less                      0
  61 to 120 months                       0
  121 to 180 months            0.015884058
  181 to 240 months            0.030961468
  241 to 360 months             0.00875983
  Total                        0.055605356
  
  
  
  
  
  
  Distribution of DSCR
                      Debt Service                           
  Number
                      Coverage Ratio (1)                     
  of Loans
              100.000%or                  less                 
          13
              100.100%to                      112.500%         
          15
              112.600%to                      125.000%         
          16
              125.100%to                      137.500%         
          17
              137.600%to                      150.000%         
          12
              150.100%to                      162.500%         
           6
              162.600%to                      175.000%         
           7
              175.100%to                      187.500%         
           5
              187.600%to                      200.000%         
           2
              200.100%to                      212.500%         
           1
              212.600%to                      225.000%         
           2
              225.100%to                      237.500%         
           0
              237.600%to                      250.000%         
           0
              250.100%to                      262.500%         
           2
              262.600%&                   above                
           4
  Unknown                                                      
           0
                      Total                                    
         102
  
  Weighted Average Debt Service Coverage Ratio is              
    137.209%
  
  
  Distribution of DSCR
                      Debt Service                           
  Scheduled
                      Coverage Ratio (1)                     
  Principal Balance
              100.000%or           less                     
  36,635,040.31
              100.100%to                       112.500%     
  53,238,572.08
              112.600%to                       125.000%     
  66,590,196.24
              125.100%to                       137.500%     
  57,222,693.03
              137.600%to                       150.000%     
  31,311,677.59
              150.100%to                       162.500%     
  39,278,967.28
              162.600%to                       175.000%     
  13,060,985.79
              175.100%to                       187.500%     
  15,909,694.15
              187.600%to                       200.000%      
  3,505,171.12
              200.100%to                       212.500%      
  2,550,392.27
              212.600%to                       225.000%     
  12,114,159.86
              225.100%to                       237.500%        
        0.00
              237.600%to                       250.000%        
        0.00
              250.100%to                       262.500%      
  1,991,553.97
              262.600%&            above                     
  4,544,581.74
  Unknown                                                      
        0.00
                      Total                                
  337,953,685.43
  
  Distribution of DSCR
                      Debt Service                           
  Based on
                      Coverage Ratio (1)                     
  Balance
              100.000%or          less                         
      10.84%
              100.100%to                      112.500%         
      15.75%
              112.600%to                      125.000%         
      19.70%
              125.100%to                      137.500%         
      16.93%
              137.600%to                      150.000%         
       9.27%
              150.100%to                      162.500%         
      11.62%
              162.600%to                      175.000%         
       3.86%
              175.100%to                      187.500%         
       4.71%
              187.600%to                      200.000%         
       1.04%
              200.100%to                      212.500%         
       0.75%
              212.600%to                      225.000%         
       3.58%
              225.100%to                      237.500%         
       0.00%
              237.600%to                      250.000%         
       0.00%
              250.100%to                      262.500%         
       0.59%
              262.600%&           above                        
       1.34%
  Unknown                                                      
       0.00%
                      Total                                    
     100.00%
  
  (1) Debt Service Coverage Ratios are calculated as described
  in the prospectus, values are updated periodically as new
  NOI figures became available from borrowers on an asset
  level.
        Neither the Trustee, Servicer, Special Servicer or
  Underwriter makes any representation as to the accuracy of
  the data provided by the
   borrower for this calculation.
  
  Distribution of Amortization Type
                                          Number             
  Scheduled
  Amortization Type                       of Loans           
  Principal Balance
  Fully Amortizing                                   8     
  18,792,035.11
  Amortizing Balloon                                91    
  308,966,372.78
  Interest Only Balloon                              3     
  10,195,277.54
  Total                                            102    
  337,953,685.43
  
  Distribution of Amortization Type
                                                             
  Based on
  Amortization Type                                          
  Balance
  Fully Amortizing                                             
      5.56%
  Amortizing Balloon                                           
     91.42%
  Interest Only Balloon                                        
      3.02%
  Total                                                        
    100.00%
  
  Distribution of Remaining Term
  Balloon Loans
  
  Balloon                                 Number             
  Scheduled
  Mortgage Loans                          of Loans           
  Principal Balance
  12 months or less                               0            
    0.00
  13 to 24 months                                 0            
    0.00
  25 to 36 months                                 1      
  1,340,665.88
  37 to 48 months                                 4     
  12,920,018.54
  49 to 60 months                                10     
  23,336,833.21
  61 to 120 months                               67    
  229,861,639.70
  121 to 180 months                              12     
  51,702,492.99
  181 to 240 months                               0            
    0.00
  Total                                          94    
  319,161,650.32
  
  Weighted Average Months to Maturity is                       
      95
  
  Distribution of Remaining Term
  Balloon Loans
  
  Balloon             Based on
  Mortgage Loans      Balance
  12 months or less                  0.00%
  13 to 24 months                    0.00%
  25 to 36 months                    0.40%
  37 to 48 months                    3.82%
  49 to 60 months                    6.91%
  61 to 120 months                  68.02%
  121 to 180 months                 15.30%
  181 to 240 months                  0.00%
  Total                             94.44%
  
  NOI Aging
                                                             
  Number
  NOI Date                                                   
  of Loans
                      1 year or less                           
                 102
  1+                  to                  2 years              
         0
  2+                  &                   above                
         0
  Unknown                                                      
         0
                      Total                                    
       102
  
  NOI Aging
                                                             
  Scheduled
  NOI Date                                                   
  Principal Balance
                      1 year or less                      
  337,953,685.43
  1+                  to                  2 years              
       0.00
  2+                  &                   above                
       0.00
  Unknown                                                      
       0.00
                      Total                               
  337,953,685.43
  
  NOI Aging
                                                             
  Based on
  NOI Date                                                   
  Balance
                      1 year or less                           
     100.00%
  1+                  to                  2 years              
       0.00%
  2+                  &                   above                
       0.00%
  Unknown                                                      
       0.00%
                      Total                                    
     100.00%
  
  Specially Serviced Loan Detail
  
  
                      Offering            Sched              
  Sched
  Distribution        Circular            Principal          
  Interest
  Date                Control #           Balance            
  Rate
                                 0               0.00          
       0.00%
  06/25/96                     348       1,687,727.00          
      10.00%
  06/25/96                     434       1,140,815.00          
       8.50%
  06/25/96                      77       5,884,193.00          
       9.63%
  06/25/96                     419       1,210,463.00          
       9.00%
  06/25/96                     141       4,064,564.75          
      10.13%
                                 0               0.00          
       0.00%
                                 0               0.00          
       0.00%
                                 0               0.00          
       0.00%
                                 0               0.00          
       0.00%
                                 0               0.00          
       0.00%
                                 0               0.00          
       0.00%
                                 0               0.00          
       0.00%
                                 0               0.00          
       0.00%
                                 0               0.00          
       0.00%
                                 0               0.00          
       0.00%
                                 0               0.00          
       0.00%
                                 0               0.00          
       0.00%
                                 0               0.00          
       0.00%
                                 0               0.00          
       0.00%
                                 0               0.00          
       0.00%
                                 0               0.00          
       0.00%
                                 0               0.00          
       0.00%
                                 0               0.00          
       0.00%
                                 0               0.00          
       0.00%
                                 0               0.00          
       0.00%
                                 0               0.00          
       0.00%
                                 0               0.00          
       0.00%
                                 0               0.00          
       0.00%
                                 0               0.00          
       0.00%
  
                      Offering
  Distribution        Circular            Maturity           
  Property
  Date                Control #           Date               
  Type
  
  06/25/96                    348                    Office
  06/25/96                    434                    Multi-Family Housing
  06/25/96                     77                    Warehouse
  06/25/96                    419                    Retail
  06/25/96                    141                   
  Automobile Dealership
                                         0                     
                   0
                                         0                     
                   0
                                         0                     
                   0
                                         0                     
                   0
                                         0                     
                   0
                                         0                     
                   0
                                         0                     
                   0
                                         0                     
                   0
                                         0                     
                   0
                                         0                     
                   0
                                         0                     
                   0
                                         0                     
                   0
                                         0                     
                   0
                                         0                     
                   0
                                         0                     
                   0
                                         0                     
                   0
                                         0                     
                   0
                                         0                     
                   0
                                         0                     
                   0
                                         0                     
                   0
                                         0                     
                   0
                                         0                     
                   0
                                         0                     
                   0
                                         0                     
                   0
  
  
  Distribution                           Date of last       
  Net Operating
  Date                State              Operating Stmt     
  Income
  
  06/25/96            CO                                       
  131,773.00
  06/25/96            MD                                       
  767,025.00
  06/25/96            MD                                       
  464,004.00
  06/25/96            CA                                       
  213,839.00
  06/25/96            CA                                       
  297,706.00
                                  0                            
        0.00
                                  0                            
        0.00
                                  0                            
        0.00
                                  0                            
        0.00
                                  0                            
        0.00
                                  0                            
        0.00
                                  0                            
        0.00
                                  0                            
        0.00
                                  0                            
        0.00
                                  0                            
        0.00
                                  0                            
        0.00
                                  0                            
        0.00
                                  0                            
        0.00
                                  0                            
        0.00
                                  0                            
        0.00
                                  0                            
        0.00
                                  0                            
        0.00
                                  0                            
        0.00
                                  0                            
        0.00
                                  0                            
        0.00
                                  0                            
        0.00
                                  0                            
        0.00
                                  0                            
        0.00
                                  0                            
        0.00
  
                                          Specially
  Distribution        Coverage            Serviced
  Date                Ratio               Status Code (*)
  
  06/25/96                        0.009986                   2
  06/25/96                        0.012067                   2
  06/25/96                        0.010362                   2
  06/25/96                        0.018182                   2
  06/25/96                        0.015541                   2
                                         0                   0
                                         0                   0
                                         0                   0
                                         0                   0
                                         0                   0
                                         0                   0
                                         0                   0
                                         0                   0
                                         0                   0
                                         0                   0
                                         0                   0
                                         0                   0
                                         0                   0
                                         0                   0
                                         0                   0
                                         0                   0
                                         0                   0
                                         0                   0
                                         0                   0
                                         0                   0
                                         0                   0
                                         0                   0
                                         0                   0
                                         0                   0
  
  
  * Legend :
  1)  Request for waiver of Prepayment Penalty
  2)  Payment default
  3)  Request for Loan Modification or Workout
  4)  Loans with Borrower Bankruptcy
  5)  Loans in Process of Foreclosure
  6)  Loans now REO Property
  7)  Loans Paid Off
  8)  Loans Returned to Master Servicer
  
  Modified Loan Detail
  No Modified Loan Detail as of the current due date
  
                      Offering
  Distribution        Circular            Modification       
  Modification
  Date                Control #           Date               
  Description
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
                                0                              
          0
  
  
  Note:  Aggregate liquidation expenses also include
  outstanding P&I advances and unpaid servicing fees, unpaid
  special servicing fees, unpaid trustee fees, etc..
  
  Realized Loss Detail
  No Realized Loss Detail as of the current due date
  
                  Offering
  Distribution    Circular            Appraisal          
  Appraisal Value/
  Date            Control #           Date               
  Brokers Estimate
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
                                 0                             
       0.00
  Current Total                  0                             
       0.00
  Cumulative                     0                             
       0.00
  
  
                      Offering            Sched
  Distribution        Circular            Principal          
  Gross
  Date                Control #           Balance            
  Proceeds
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
  Current Total                  0               0.00          
       0.00
  Cumulative                     0               0.00          
       0.00
  
  
                      Offering            Gross Proceeds
  Distribution        Circular            as a % of
  Date                Control #           Sched Principal
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
                                         0              0.000%
  Current Total                          0              0.000%
  Cumulative                             0              0.000%
  
  
                      Offering            Aggregate          
  Net
  Distribution        Circular            Liquidation        
  Liquidation
  Date                Control #           Expenses *         
  Proceeds
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
                                 0               0.00          
       0.00
  Current Total                  0               0.00          
       0.00
  Cumulative                     0               0.00          
       0.00
  
  
                      Offering            Net Proceeds       
  Current
  Distribution        Circular            as a % of          
  Realized
  Date                Control #           Sched. Balance     
  Loss
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
                                  0              0.000%        
        0.00
  Current Total                   0              0.000%        
        0.00
  Cumulative                      0              0.000%        
        0.00
                   MIDLAND LOAN SERVICES, L.P. - MASTER SERVICER
                  LOAN PORTFOLIO ANALYSIS SYSTEM - LOAN STATUS
                  PORTFOLIO: SASCO SERIES 1996 - CFL (CONFED)
                         REPORTING PERIOD: AUGUST, 1996
                            DATE PRINTED: 27-AUG-96
<TABLE>
<CAPTION>
             CURRENT
ASSET       PRINCIPAL       DAYS                        ENVIRON
NO           BALANCE       DELINQ      LTV      DSCR    ISSUES    ASSET STATUS                 
RESOLUTION TYPE
<S>      <C>                 <C>     <C>        <C>       <C>     <C>                           <C>
001         33,412,281        0       59.7%     1.45      N/A     PERFORMING                    PERFORM
TO MATURITY
002         28,542,777        0       73.2%     1.18      N/A     PERFORMING                    PERFORM
TO MATURITY
003         27,239,061        0       76.7%     1.02      N/A     PERFORMING                    PERFORM
TO MATURITY
004         26,383,932        0       78.0%     1.41      N/A     NEGOTIATING MODIFICATIONS    
DISCOUNTED PAYOFF
005         24,696,762        0       69.9%     1.55      N/A     PERFORMING                    PERFORM
TO MATURITY
006         22,752,831        0       98.0%     1.15      N/A     PERFORMING                    PERFORM
TO MATURITY
007         21,885,077        0       70.9%     1.04      N/A     PERFORMING                    PERFORM
TO MATURITY
008         19,782,693        0       67.4%     1.10      N/A     PERFORMING                    PERFORM
TO MATURITY
009         18,929,722        0       64.0%     1.10      N/A     PERFORMING                    PERFORM
TO MATURITY
010         18,861,002        0       50.2%     1.51      N/A     PERFORMING                    PERFORM
TO MATURITY
011         18,782,570        0       64.8%     1.63      N/A     PERFORMING                    PERFORM
TO MATURITY
012         18,011,209        0       74.2%     1.13      N/A     PERFORMING                    PERFORM
TO MATURITY
013         17,864,518        0       65.0%     1.22      N/A     PERFORMING                    PERFORM
TO MATURITY
014         17,817,155        0       72.2%     1.18      N/A     PERFORMING                    PERFORM
TO MATURITY
015         16,783,377        0       70.5%     1.48      N/A     PERFORMING                    PERFORM
TO MATURITY
016         16,164,532        0       66.0%     1.08      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
017         15,889,521        0       55.6%     1.01      N/A     PERFORMING                    PERFORM
TO MATURITY
018         15,730,274        0      138.0%     1.30      N/A     PERFORMING                    PERFORM
TO MATURITY
019         15,122,321        0       63.0%     1.63      N/A     PERFORMING                    PERFORM
TO MATURITY
020         15,000,000        0       57.0%     1.27      N/A     PERFORMING                    PERFORM
TO MATURITY
021         14,784,467        0       83.1%     1.10      N/A     PERFORMING                    PERFORM
TO MATURITY
022         13,768,381        0       59.3%     1.19      N/A     PERFORMING                    PERFORM
TO MATURITY
023         12,693,721        0       72.5%     1.23      N/A     PERFORMING                    PERFORM
TO MATURITY
024         12,046,955        0       63.4%     0.93      N/A     PERFORMING                    PERFORM
TO MATURITY
025                  0        0        0.0%     0.87      N/A     INACTIVE                      PRE-PAID IN
FULL
026         11,010,591        0       64.8%     2.17      N/A     PERFORMING                    PERFORM
TO MATURITY
027         10,647,090        0       69.4%     1.00      N/A     PERFORMING                    PERFORM
TO MATURITY
028         10,576,791        0       72.0%     1.13      N/A     PERFORMING                    PERFORM
TO MATURITY
029                  0        0        0.0%               N/A     INACTIVE                      PERFORM TO
MATURITY
030         10,350,000        0       65.0%     2.30      N/A     PERFORMING                    PERFORM
TO MATURITY
031         10,230,994        0       54.4%     1.07      N/A     PERFORMING                    PERFORM
TO MATURITY
032          9,937,445        0       42.3%     1.22      N/A     PERFORMING                    PERFORM
TO MATURITY
033          9,920,536        0       52.2%     1.30      N/A     PERFORMING                    PERFORM
TO MATURITY
034          9,671,104        0       64.9%     1.22      N/A     PERFORMING                    PERFORM
TO MATURITY
035          9,619,683        0       60.1%     1.34      N/A     PERFORMING                    PERFORM
TO MATURITY
037          9,364,417        0       63.3%     1.33      N/A     PERFORMING                    PERFORM
TO MATURITY
038                  0        0        0.0%     1.00      N/A     INACTIVE                      PRE-PAID IN
FULL
039          9,055,276        0       69.7%     0.94      N/A     PERFORMING                    PERFORM
TO MATURITY
040          9,042,050        0       67.5%     1.30      N/A     PERFORMING                    PERFORM
TO MATURITY
041          8,839,869        0       63.0%     1.55      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
042          8,784,476        0       55.5%     1.16      N/A     PERFORMING                    PERFORM
TO MATURITY
043          8,820,552        0       71.1%     1.08      N/A     PERFORMING                    PERFORM
TO MATURITY
044          8,737,819        0       66.1%     1.21      N/A     PERFORMING                    PERFORM
TO MATURITY
045          8,559,644        0       60.5%     1.26      N/A     PERFORMING                    PERFORM
TO MATURITY
046          8,503,101        0       73.3%     1.36      N/A     PERFORMING                    PERFORM
TO MATURITY
047          8,326,906        0       59.0%     1.02      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
048          8,319,751        0       65.3%     1.05      N/A     PERFORMING                    PERFORM
TO MATURITY
049          8,301,691        0       68.6%     1.07      N/A     PERFORMING                    PERFORM
TO MATURITY
050          8,256,962        0       70.3%     1.30      N/A     PERFORMING                    PERFORM
TO MATURITY
051          8,207,867        0       63.9%     1.25      N/A     PERFORMING                    PERFORM
TO MATURITY
052          7,892,880        0       68.8%     0.94      N/A     PERFORMING                    PERFORM
TO MATURITY
053          7,737,907        0       61.9%     1.35      N/A     PERFORMING                    PERFORM
TO MATURITY
054          7,691,354        0      128.2%     1.10      N/A     PERFORMING                    PERFORM
TO MATURITY
055          7,676,566        0       71.7%     1.17      N/A     PERFORMING                    PERFORM
TO MATURITY
056          7,647,198        0       70.8%     1.32      N/A     PERFORMING                    PERFORM
TO MATURITY
057          7,605,493        0       66.7%     1.30      N/A     PERFORMING                    PERFORM
TO MATURITY
058          7,574,691        0       67.0%     1.13      N/A     PERFORMING                    PERFORM
TO MATURITY
059          7,522,681        0       70.5%     1.49      N/A     PERFORMING                    PERFORM
TO MATURITY
060          7,263,185        0       69.8%     0.97      N/A     PERFORMING                    PERFORM
TO MATURITY
061          6,971,181        0       63.4%     1.07      N/A     PERFORMING                    PERFORM
TO MATURITY
062          6,996,990        0       64.8%     1.18      N/A     PERFORMING                    PERFORM
TO MATURITY
063          6,978,599        0       65.8%     1.16      N/A     PERFORMING                    PERFORM
TO MATURITY
064          6,750,000        0       79.0%     1.72      N/A     PERFORMING                    PERFORM
TO MATURITY
065          6,584,514        0       69.3%     1.19      N/A     PERFORMING                    PERFORM
TO MATURITY
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
             CURRENT
ASSET       PRINCIPAL       DAYS                        ENVIRON
NO           BALANCE       DELINQ      LTV      DSCR    ISSUES    ASSET STATUS                 
RESOLUTION TYPE
<S>      <C>                 <C>     <C>        <C>       <C>     <C>                           <C>
066          6,394,676        0       65.8%     1.29      N/A     PERFORMING                    PERFORM
TO MATURITY
067          6,314,557        0       61.0%     1.52      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
068          6,237,047        0       70.1%     1.11      N/A     PERFORMING                    PERFORM
TO MATURITY
069          6,221,552        0       47.0%     1.02      N/A     PERFORMING                    PERFORM
TO MATURITY
070          6,003,438        0       67.7%     1.24      N/A     PERFORMING                    PERFORM
TO MATURITY
071          6,055,037        0       67.3%     1.18      N/A     PERFORMING                    PERFORM
TO MATURITY
072                  0        0        0.0%     1.32      N/A     INACTIVE                      PERFORM TO
MATURITY
073          6,051,108        0       54.0%     1.82      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
074          5,896,795        0      112.3%     1.37      N/A     PERFORMING                    PERFORM
TO MATURITY
075          5,973,939        0       68.9%     1.37      N/A     PERFORMING                    PERFORM
TO MATURITY
076          5,954,070        0       69.2%     1.30      N/A     PERFORMING                    PERFORM
TO MATURITY
077          5,838,550        0       65.0%     1.21      N/A     NEGOTIATING MODIFICATIONS    
RESTRUCTURE/PERFORM TO MATURIT
078          5,806,820        0       74.5%     0.94      N/A     PERFORMING                    PERFORM
TO MATURITY
079          5,752,520        0       66.1%     1.35      N/A     PERFORMING                    PERFORM
TO MATURITY
080          5,728,801        0       54.6%     1.60      N/A     PERFORMING                    PERFORM
TO MATURITY
081          5,704,120        0       58.2%     1.38      N/A     PERFORMING                    PERFORM
TO MATURITY
082                  0        0        0.0%     1.00      N/A     INACTIVE                      PERFORM TO
MATURITY
083          5,548,442        0       63.0%     1.01      N/A     PERFORMING                    PERFORM
TO MATURITY
084          5,489,132        0       74.5%     0.00      N/A     PERFORMING                    PERFORM
TO MATURITY
085          5,452,570        0       61.0%     1.57      N/A     PERFORMING                    PERFORM
TO MATURITY
086          5,362,500        0       77.0%     0.00      N/A     PERFORMING                    PERFORM
TO MATURITY
087          5,306,075        0       64.0%     1.25      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
088          5,178,769        0       45.5%     1.87      N/A     PERFORMING                    PERFORM
TO MATURITY
089          5,222,007        0       36.8%     0.00      N/A     PERFORMING                    PERFORM
TO MATURITY
090          5,205,996        0       69.4%     1.95      N/A     PERFORMING                    PERFORM
TO MATURITY
091          5,157,100        0       64.9%     1.58      N/A     PERFORMING                    PERFORM
TO MATURITY
093          5,175,000        0      125.0%     0.00      N/A     PERFORMING                    PERFORM
TO MATURITY
094          5,112,089        0       48.7%     1.89      N/A     PERFORMING                    PERFORM
TO MATURITY
095          5,103,144        0       69.4%     1.29      N/A     PERFORMING                    PERFORM
TO MATURITY
096          4,971,686        0       41.8%     2.39      N/A     PERFORMING                    PERFORM
TO MATURITY
097          4,990,548        0       64.2%     1.38      N/A     PERFORMING                    PERFORM
TO MATURITY
099          5,012,666        0       58.3%     1.19      N/A     PERFORMING                    PERFORM
TO MATURITY
100          5,016,331        0       70.7%     1.13      N/A     PERFORMING                    PERFORM
TO MATURITY
101          4,918,745        0       65.4%     1.06      N/A     PERFORMING                    PERFORM
TO MATURITY
102          4,926,327        0       70.4%     1.36      N/A     PERFORMING                    PERFORM
TO MATURITY
103          4,885,184        0       68.5%     1.41      N/A     PERFORMING                    PERFORM
TO MATURITY
104          4,833,050        0       71.1%     1.18      N/A     PERFORMING                    PERFORM
TO MATURITY
105          4,838,734        0       65.4%     1.30      N/A     PERFORMING                    PERFORM
TO MATURITY
106          4,795,993        0       46.1%     1.80      N/A     PERFORMING                    PERFORM
TO MATURITY
108          4,743,328        0       63.2%     1.79      N/A     PERFORMING                    PERFORM
TO MATURITY
109          4,751,458        0       66.0%     1.09      N/A     PERFORMING                    PERFORM
TO MATURITY
110          4,658,501        0       53.7%     1.21      N/A     PERFORMING                    PERFORM
TO MATURITY
111          4,730,097        0       67.6%     0.95      N/A     PERFORMING                    PERFORM
TO MATURITY
112          4,703,556        0       68.7%     1.29      N/A     PERFORMING                    PERFORM
TO MATURITY
113          4,692,087        0       83.8%     1.06      N/A     PERFORMING                    PERFORM
TO MATURITY
114          4,624,754        0       55.7%     0.00      N/A     PERFORMING                    PERFORM
TO MATURITY
115          4,621,806        0       69.7%     1.21      N/A     PERFORMING                    PERFORM
TO MATURITY
116                  0        0        0.0%     1.44      N/A     INACTIVE                      PRE-PAID IN
FULL
117          4,575,746        0       68.3%     1.07      N/A     PERFORMING                    PERFORM
TO MATURITY
118          4,511,797        0       77.8%     0.00      N/A     PERFORMING                    PERFORM
TO MATURITY
119          4,503,315        0       68.2%     1.32      N/A     PERFORMING                    PERFORM
TO MATURITY
120          4,485,743        0       67.0%     0.89      N/A     PERFORMING                    PERFORM
TO MATURITY
121          4,325,577        0       58.0%     1.41      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
122          4,482,130        0       66.6%     1.20      N/A     PERFORMING                    PERFORM
TO MATURITY
123          4,457,961        0       63.7%     1.53      N/A     PERFORMING                    PERFORM
TO MATURITY
124          4,393,433        0       60.2%     1.47      N/A     PERFORMING                    PERFORM
TO MATURITY
125          4,437,039        0       74.5%     1.60      N/A     PERFORMING                    PERFORM
TO MATURITY
126                  0        0        0.0%     1.92      N/A     INACTIVE                      PRE-PAID IN
FULL
127          4,370,017        0       67.2%     1.51      N/A     PERFORMING                    PERFORM
TO MATURITY
128          4,312,405        0       65.3%     1.30      N/A     PERFORMING                    PERFORM
TO MATURITY
129          4,189,889        0       63.5%     0.95      N/A     PERFORMING                    PERFORM
TO MATURITY
130          4,185,630        0       50.9%     1.02      N/A     PERFORMING                    PERFORM
TO MATURITY
131          4,173,459        0       60.5%     1.42      N/A     PERFORMING                    PERFORM
TO MATURITY
132          4,175,140        0       69.6%     1.62      N/A     PERFORMING                    PERFORM
TO MATURITY
133          4,153,996        0       0.00                N/A     PERFORMING                    PERFORM TO
MATURITY
134          4,142,161        0       0.00                N/A     PERFORMING                    PERFORM TO
MATURITY
135          4,133,695        0       65.0%     1.66      N/A     PERFORMING                    PERFORM
TO MATURITY
136          4,125,000        0       75.0%     1.97      N/A     PERFORMING                    PERFORM
TO MATURITY
137          4,090,067        0       69.3%     1.25      N/A     PERFORMING                    PERFORM
TO MATURITY
138          4,080,516        0       55.9%     1.08      N/A     PERFORMING                    PERFORM
TO MATURITY
139          4,068,504        0       64.6%     0.92      N/A     PERFORMING                    PERFORM
TO MATURITY
140          4,069,224        0       69.0%     1.16      N/A     PERFORMING                    PERFORM
TO MATURITY
141          4,045,481        0      324.0%     1.04      N/A     NEGOTIATING MODIFICATIONS    
DISCOUNTED PAYOFF
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
             CURRENT
ASSET       PRINCIPAL       DAYS                        ENVIRON
NO           BALANCE       DELINQ      LTV      DSCR    ISSUES    ASSET STATUS                 
RESOLUTION TYPE
<S>      <C>                 <C>     <C>        <C>       <C>     <C>                           <C>
142          3,992,411        0       65.4%     1.20      N/A     PERFORMING                    PERFORM
TO MATURITY
143          3,994,685        0       67.7%     1.48      N/A     PERFORMING                    PERFORM
TO MATURITY
144                  0        0        0.0%     1.47      N/A     INACTIVE                      PERFORM TO
MATURITY
145          3,924,968        0       68.3%     1.02      N/A     PERFORMING                    PERFORM
TO MATURITY
146                  0        0        0.0%     1.20      N/A     INACTIVE                      PERFORM TO
MATURITY
147          3,698,000        0       24.7%     2.39      N/A     PERFORMING                    PERFORM
TO MATURITY
148          3,874,375        0       67.4%     1.07      N/A     PERFORMING                    PERFORM
TO MATURITY
149          3,801,170        0       43.7%     1.09      N/A     PERFORMING                    PERFORM
TO MATURITY
150          3,866,034        0       85.9%     1.31      N/A     PERFORMING                    PERFORM
TO MATURITY
151          3,832,588        0       66.7%     1.37      N/A     PERFORMING                    PERFORM
TO MATURITY
152          3,793,196        0       48.1%     1.19      N/A     PERFORMING                    PERFORM
TO MATURITY
153          3,833,098        0       59.0%     1.29      N/A     PERFORMING                    PERFORM
TO MATURITY
154          3,827,159        0       66.8%     1.39      N/A     PERFORMING                    PERFORM
TO MATURITY
155          3,812,742        0       60.8%     1.17      N/A     PERFORMING                    PERFORM
TO MATURITY
156          3,778,651        0       41.5%     1.96      N/A     PERFORMING                    PERFORM
TO MATURITY
157          3,776,296        0       67.0%     1.21      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
158          3,759,991        0       0.00                N/A     PERFORMING                    PERFORM TO
MATURITY
159          3,722,452        0       68.4%     0.51      N/A     PERFORMING                    PERFORM
TO MATURITY
160          3,575,739        0       44.7%     2.27      N/A     PERFORMING                    PERFORM
TO MATURITY
161          3,677,540        0       69.4%     1.39      N/A     PERFORMING                    PERFORM
TO MATURITY
162          3,646,714        0       71.0%     1.53      N/A     PERFORMING                    PERFORM
TO MATURITY
163          3,622,478        0       60.4%     1.52      N/A     PERFORMING                    PERFORM
TO MATURITY
164          3,601,206        0       0.00                N/A     PERFORMING                    PERFORM TO
MATURITY
165          3,556,073        0       60.3%     1.59      N/A     PERFORMING                    PERFORM
TO MATURITY
166          3,568,421        0       96.4%     1.49      N/A     PERFORMING                    PERFORM
TO MATURITY
167          3,586,874        0       56.0%     1.96      N/A     PERFORMING                    PERFORM
TO MATURITY
168          3,553,804        0       67.1%     2.09      N/A     PERFORMING                    PERFORM
TO MATURITY
169          3,398,891        0       43.3%     1.05      N/A     PERFORMING                    PERFORM
TO MATURITY
170          3,506,437        0       0.00                N/A     PERFORMING                    PERFORM TO
MATURITY
171          3,471,349        0       63.1%     1.35      N/A     PERFORMING                    PERFORM
TO MATURITY
172          3,457,311        0       70.6%     1.20      N/A     PERFORMING                    PERFORM
TO MATURITY
173          3,448,047        0       70.9%     1.04      N/A     PERFORMING                    PERFORM
TO MATURITY
174          3,434,855        0       68.7%     1.21      N/A     PERFORMING                    PERFORM
TO MATURITY
175          3,408,524        0       65.8%     1.72      N/A     PERFORMING                    PERFORM
TO MATURITY
176          3,407,350        0       62.0%     1.38      N/A     PERFORMING                    PERFORM
TO MATURITY
177          3,360,947        0       69.7%     1.40      N/A     PERFORMING                    PERFORM
TO MATURITY
178          3,356,165        0       64.0%     1.13      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
179          3,350,438        0       89.3%     1.04      N/A     PERFORMING                    PERFORM
TO MATURITY
180          3,345,557        0      105.0%     0.98      N/A     PERFORMING                    PERFORM
TO MATURITY
181          3,261,039        0       57.2%     1.24      N/A     PERFORMING                    PERFORM
TO MATURITY
182          3,248,623        0       69.1%     1.06      N/A     PERFORMING                    PERFORM
TO MATURITY
183          3,167,950        0       64.4%     1.39      N/A     PERFORMING                    PERFORM
TO MATURITY
184          3,154,334        0       70.9%     0.00      N/A     PERFORMING                    PERFORM
TO MATURITY
185          3,156,331        0       61.0%     1.25      N/A     PERFORMING                    PERFORM
TO MATURITY
186          3,089,819        0       71.0%     1.14      N/A     PERFORMING                    PERFORM
TO MATURITY
187          3,059,185        0       66.5%     1.29      N/A     PERFORMING                    PERFORM
TO MATURITY
188          3,022,222        0       59.7%     1.43      N/A     PERFORMING                    PERFORM
TO MATURITY
189          3,026,020        0       62.4%     1.35      N/A     PERFORMING                    PERFORM
TO MATURITY
190          3,035,518        0       68.1%     1.19      N/A     PERFORMING                    PERFORM
TO MATURITY
191          3,018,949        0       68.0%     1.00      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
192          2,984,620        0       74.5%     1.64      N/A     PERFORMING                    PERFORM
TO MATURITY
193          2,956,194        0       62.9%     1.54      N/A     PERFORMING                    PERFORM
TO MATURITY
194          2,957,882        0       70.9%     1.37      N/A     PERFORMING                    PERFORM
TO MATURITY
195          2,927,438        0       65.1%     1.34      N/A     PERFORMING                    PERFORM
TO MATURITY
196          2,932,350        0       70.7%     1.25      N/A     PERFORMING                    PERFORM
TO MATURITY
197          2,906,139        0       63.5%     0.99      N/A     PERFORMING                    PERFORM
TO MATURITY
198          2,878,798        0       64.0%     1.31      N/A     PERFORMING                    PERFORM
TO MATURITY
199          2,896,517        0       70.6%     1.09      N/A     PERFORMING                    PERFORM
TO MATURITY
200          2,880,382        0       69.0%     1.55      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
201          2,830,799        0       40.4%     1.71      N/A     PERFORMING                    PERFORM
TO MATURITY
202          2,802,766        0       65.9%     1.53      N/A     PERFORMING                    PERFORM
TO MATURITY
203          2,754,412        0       61.2%     1.20      N/A     PERFORMING                    PERFORM
TO MATURITY
204          2,795,772        0       62.1%     1.14      N/A     PERFORMING                    PERFORM
TO MATURITY
205          2,773,730        0       52.3%     1.91      N/A     PERFORMING                    PERFORM
TO MATURITY
206          2,777,508        0       49.6%     0.90      N/A     PERFORMING                    PERFORM
TO MATURITY
207          2,762,115        0       67.8%     1.18      N/A     PERFORMING                    PERFORM
TO MATURITY
208          2,744,831        0       63.8%     1.09      N/A     PERFORMING                    PERFORM
TO MATURITY
209          2,736,178        0       67.4%     1.52      N/A     PERFORMING                    PERFORM
TO MATURITY
210          2,723,795        0       19.0%     4.26      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
211                  0        0        0.0%     2.14      N/A     INACTIVE                      PERFORM TO
MATURITY
212          2,716,025        0      113.0%     1.03      N/A     PERFORMING                    PERFORM
TO MATURITY
213          2,699,456        0       70.0%     1.29      N/A     PERFORMING                    PERFORM
TO MATURITY
214          2,676,190        0       67.8%     1.48      N/A     PERFORMING                    PERFORM
TO MATURITY
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
             CURRENT
ASSET       PRINCIPAL       DAYS                        ENVIRON
NO           BALANCE       DELINQ      LTV      DSCR    ISSUES    ASSET STATUS                 
RESOLUTION TYPE
<S>      <C>                 <C>     <C>        <C>       <C>     <C>                           <C>
215          2,681,353        0      121.9%      1.33     N/A     PERFORMING                    PERFORM
TO MATURITY
216          2,662,447        0       67.6%      1.15     N/A     PERFORMING                    PERFORM
TO MATURITY
217          2,664,840        0       41.9%      1.30     N/A     PERFORMING                    PERFORM
TO MATURITY
218          2,659,547        0       69.1%      1.54     N/A     PERFORMING                    PERFORM
TO MATURITY
219          2,652,848        0       68.5%      1.17     N/A     PERFORMING                    PERFORM
TO MATURITY
220          2,623,130        0       61.7%      1.05     N/A     PERFORMING                    PERFORM
TO MATURITY
221          2,650,000        0        7.0%     15.44     N/A     PERFORMING                    PERFORM
TO MATURITY
222          2,578,260        0       34.1%      3.05     N/A     PERFORMING                    PERFORM
TO MATURITY
223          2,593,763        0       51.9%      1.98     N/A     PERFORMING                    PERFORM
TO MATURITY
224          2,607,793        0       64.4%      1.04     N/A     PERFORMING                    PERFORM
TO MATURITY
225          2,601,625        0       67.6%      1.17     N/A     PERFORMING                    PERFORM
TO MATURITY
226          2,597,172        0       70.2%      1.28     N/A     PERFORMING                    PERFORM
TO MATURITY
227          2,573,882        0       58.5%      1.11     N/A     PERFORMING                    PERFORM
TO MATURITY
228          2,552,843        0       63.7%      1.05     N/A     PERFORMING                    PERFORM
TO MATURITY
229          2,550,392        0       65.0%      2.02     N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
230          2,547,721        0       67.0%      0.96     N/A     PERFORMING                    PERFORM
TO MATURITY
231          2,544,974        0       67.9%      1.24     N/A     PERFORMING                    PERFORM
TO MATURITY
232          2,518,737        0       61.7%      1.55     N/A     PERFORMING                    PERFORM
TO MATURITY
233          2,539,020        0       69.6%      1.73     N/A     PERFORMING                    PERFORM
TO MATURITY
234          2,471,828        0       44.9%      2.32     N/A     PERFORMING                    PERFORM
TO MATURITY
235          2,489,428        0       61.6%      2.31     N/A     PERFORMING                    PERFORM
TO MATURITY
236          2,476,513        0       61.9%      1.44     N/A     PERFORMING                    PERFORM
TO MATURITY
237          2,476,450        0       68.8%      1.22     N/A     PERFORMING                    PERFORM
TO MATURITY
238          2,472,069        0       74.5%      1.64     N/A     PERFORMING                    PERFORM
TO MATURITY
239          2,451,596        0       62.9%      0.82     N/A     PERFORMING                    PERFORM
TO MATURITY
240          2,426,907        0       60.7%      0.00     N/A     PERFORMING                    PERFORM
TO MATURITY
241          2,422,870        0       64.0%      1.22     N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
242          2,421,778        0       54.0%      2.05     N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
243          2,419,036        0       62.0%      0.99     N/A     PERFORMING                    PERFORM
TO MATURITY
244          2,401,731        0       63.9%      1.04     N/A     PERFORMING                    PERFORM
TO MATURITY
245          2,405,221        0       65.4%      0.90     N/A     PERFORMING                    PERFORM
TO MATURITY
246          2,380,079        0       41.8%      2.13     N/A     PERFORMING                    PERFORM
TO MATURITY
247          2,400,447        0       68.6%      0.93     N/A     PERFORMING                    PERFORM
TO MATURITY
248          2,372,294        0       60.4%      1.43     N/A     PERFORMING                    PERFORM
TO MATURITY
249          2,347,512        0       63.2%      1.06     N/A     PERFORMING                    PERFORM
TO MATURITY
250          2,349,547        0       66.2%      0.98     N/A     PERFORMING                    PERFORM
TO MATURITY
251          2,353,642        0       65.4%      0.00     N/A     PERFORMING                    PERFORM
TO MATURITY
252          2,324,349        0       64.6%      1.19     N/A     PERFORMING                    PERFORM
TO MATURITY
253          2,343,750        0       90.0%      0.00     N/A     PERFORMING                    PERFORM
TO MATURITY
254          2,323,496        0       68.0%      1.44     N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
255          2,311,375        0       70.0%      1.23     N/A     PERFORMING                    PERFORM
TO MATURITY
256          2,304,478        0       63.7%      1.42     N/A     PERFORMING                    PERFORM
TO MATURITY
257          2,308,797        0       59.6%      1.23     N/A     PERFORMING                    PERFORM
TO MATURITY
258          2,308,951        0       67.9%      0.97     N/A     PERFORMING                    PERFORM
TO MATURITY
259          2,304,306        0       66.9%      1.08     N/A     PERFORMING                    PERFORM
TO MATURITY
260          2,291,019        0       63.6%      1.49     N/A     PERFORMING                    PERFORM
TO MATURITY
261          2,274,911        0       63.2%      1.83     N/A     PERFORMING                    PERFORM
TO MATURITY
262          2,266,072        0       63.7%      1.79     N/A     PERFORMING                    PERFORM
TO MATURITY
263          2,256,384        0       62.7%      1.15     N/A     PERFORMING                    PERFORM
TO MATURITY
264          2,234,928        0       69.8%      1.28     N/A     PERFORMING                    PERFORM
TO MATURITY
265          2,233,809        0       71.8%      1.04     N/A     PERFORMING                    PERFORM
TO MATURITY
266          2,206,306        0       66.9%      1.26     N/A     PERFORMING                    PERFORM
TO MATURITY
267          2,222,848        0       71.7%      1.43     N/A     PERFORMING                    PERFORM
TO MATURITY
268                  0        0        0.0%      1.26     N/A     INACTIVE                      PRE-PAID IN
FULL
269          2,181,533        0       64.2%      1.39     N/A     PERFORMING                    PERFORM
TO MATURITY
270          2,181,496        0       68.2%      0.92     N/A     PERFORMING                    PERFORM
TO MATURITY
271          2,172,359        0       56.4%      1.01     N/A     PERFORMING                    PERFORM
TO MATURITY
272          2,179,125        0       60.9%      1.20     N/A     PERFORMING                    PERFORM
TO MATURITY
273          2,148,783        0       63.2%      1.03     N/A     PERFORMING                    PERFORM
TO MATURITY
274          2,133,115        0       49.0%      1.11     N/A     PERFORMING                    PERFORM
TO MATURITY
275          2,123,693        0       39.0%      1.45     N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
276          2,120,927        0       49.6%      1.85     N/A     PERFORMING                    PERFORM
TO MATURITY
277          2,115,438        0       62.2%      1.00     N/A     PERFORMING                    PERFORM
TO MATURITY
278          2,091,798        0       54.0%      1.16     N/A     PERFORMING                    PERFORM
TO MATURITY
279          2,089,091        0       51.0%      1.22     N/A     PERFORMING                    PERFORM
TO MATURITY
280          2,085,842        0       67.3%      0.83     N/A     PERFORMING                    PERFORM
TO MATURITY
281          2,104,352        0       67.9%      1.37     N/A     PERFORMING                    PERFORM
TO MATURITY
282          2,100,000        0       32.0%      3.94     N/A     PERFORMING                    PERFORM
TO MATURITY
283          2,086,347        0       65.2%      1.55     N/A     PERFORMING                    PERFORM
TO MATURITY
284          2,087,115        0       87.0%      1.68     N/A     PERFORMING                    PERFORM
TO MATURITY
285          2,055,847        0       66.9%      1.04     N/A     PERFORMING                    PERFORM
TO MATURITY
286          2,053,696        0       68.5%      1.26     N/A     PERFORMING                    PERFORM
TO MATURITY
287          2,013,579        0       41.9%      1.53     N/A     PERFORMING                    PERFORM
TO MATURITY
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
             CURRENT
ASSET       PRINCIPAL       DAYS                        ENVIRON
NO           BALANCE       DELINQ      LTV      DSCR    ISSUES    ASSET STATUS                 
RESOLUTION TYPE
<S>      <C>                 <C>     <C>        <C>       <C>     <C>                           <C>
288          2,041,230        0       64.8%     1.47      N/A     PERFORMING                    PERFORM
TO MATURITY
289          2,044,415        0       74.5%     1.73      N/A     PERFORMING                    PERFORM
TO MATURITY
290          2,039,501        0       68.0%     1.11      N/A     PERFORMING                    PERFORM
TO MATURITY
291          2,002,759        0       66.8%     1.18      N/A     PERFORMING                    PERFORM
TO MATURITY
292          1,989,476        0       75.1%     1.14      N/A     PERFORMING                    PERFORM
TO MATURITY
293          2,000,803        0       66.7%     1.59      N/A     PERFORMING                    PERFORM
TO MATURITY
294          1,969,872        0       50.1%     1.06      N/A     PERFORMING                    PERFORM
TO MATURITY
295          1,969,934        0       39.4%     1.72      N/A     PERFORMING                    PERFORM
TO MATURITY
296          2,000,000        0       45.0%     3.73      N/A     PERFORMING                    PERFORM
TO MATURITY
297          1,975,770        0       76.1%     1.16      N/A     PERFORMING                    PERFORM
TO MATURITY
298          1,970,803        0       68.0%     1.54      N/A     PERFORMING                    PERFORM
TO MATURITY
299          1,970,270        0       65.7%     1.12      N/A     PERFORMING                    PERFORM
TO MATURITY
300          1,955,265        0       65.2%     1.27      N/A     PERFORMING                    PERFORM
TO MATURITY
301          1,957,373        0       65.2%     1.04      N/A     PERFORMING                    PERFORM
TO MATURITY
302          1,966,405        0       51.7%     1.34      N/A     PERFORMING                    PERFORM
TO MATURITY
303          1,959,555        0       68.2%     0.94      N/A     PERFORMING                    PERFORM
TO MATURITY
304          1,934,202        0       71.4%     1.24      N/A     PERFORMING                    PERFORM
TO MATURITY
305          1,895,723        0       38.3%     3.05      N/A     PERFORMING                    PERFORM
TO MATURITY
306          1,922,694        0       74.5%     1.36      N/A     PERFORMING                    PERFORM
TO MATURITY
307          1,910,309        0       68.0%     1.17      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
308          1,901,802        0       58.7%     1.10      N/A     PERFORMING                    PERFORM
TO MATURITY
309          1,904,678        0       70.5%     1.63      N/A     PERFORMING                    PERFORM
TO MATURITY
310          1,859,237        0       45.3%     1.07      N/A     PERFORMING                    PERFORM
TO MATURITY
311          1,892,055        0       66.0%     1.10      N/A     PERFORMING                    PERFORM
TO MATURITY
312          1,885,820        0       56.3%     1.42      N/A     PERFORMING                    PERFORM
TO MATURITY
313          1,880,458        0       68.4%     0.00      N/A     PERFORMING                    PERFORM
TO MATURITY
314          1,870,455        0       74.5%     1.32      N/A     PERFORMING                    PERFORM
TO MATURITY
315          1,861,733        0       67.0%     1.28      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
316          1,855,976        0       59.5%     1.05      N/A     PERFORMING                    PERFORM
TO MATURITY
317          1,851,993        0       68.6%     1.35      N/A     PERFORMING                    PERFORM
TO MATURITY
318          1,841,042        0       51.1%     1.25      N/A     PERFORMING                    PERFORM
TO MATURITY
319          1,844,750        0       69.1%     0.00      N/A     PERFORMING                    PERFORM
TO MATURITY
320          1,831,516        0       68.5%     1.07      N/A     PERFORMING                    PERFORM
TO MATURITY
321          1,817,897        0       68.0%     1.23      N/A     PERFORMING                    PERFORM
TO MATURITY
322                  0        0        0.0%     1.41      N/A     INACTIVE                      PERFORM TO
MATURITY
323          1,794,673        0       66.7%     1.05      N/A     PERFORMING                    PERFORM
TO MATURITY
324          1,808,485        0       49.3%     1.64      N/A     PERFORMING                    PERFORM
TO MATURITY
325          1,804,611        0       66.0%     1.55      N/A     NEGOTIATING EXTENSION        
RESTRUCTURE/PERFORM TO MATURIT
326          1,800,110        0       63.2%     1.81      N/A     PERFORMING                    PERFORM
TO MATURITY
327          1,792,076        0       64.0%     1.65      N/A     PERFORMING                    PERFORM
TO MATURITY
328          1,788,513        0       68.3%     0.97      N/A     PERFORMING                    PERFORM
TO MATURITY
329                  0        0        0.0%     0.00      N/A     INACTIVE                      PRE-PAID IN
FULL
330          1,785,795        0       64.9%     1.49      N/A     PERFORMING                    PERFORM
TO MATURITY
331          1,774,185        0       43.3%     2.98      N/A     PERFORMING                    PERFORM
TO MATURITY
332          1,738,903        0       60.0%     1.36      N/A     PERFORMING                    PERFORM
TO MATURITY
333          1,748,350        0       68.5%     1.69      N/A     PERFORMING                    PERFORM
TO MATURITY
334          1,750,170        0       92.1%     1.34      N/A     PERFORMING                    PERFORM
TO MATURITY
335          1,707,886        0       82.5%     1.08      N/A     PERFORMING                    PERFORM
TO MATURITY
336          1,715,543        0       59.2%     1.36      N/A     PERFORMING                    PERFORM
TO MATURITY
337          1,682,999        0       28.2%     3.11      N/A     PERFORMING                    PERFORM
TO MATURITY
338                  0        0        0.0%     1.55      N/A     INACTIVE                      PERFORM TO
MATURITY
339          1,693,314        0       36.0%     1.09      N/A     PERFORMING                    PERFORM
TO MATURITY
340          1,691,434        0       51.3%     1.24      N/A     PERFORMING                    PERFORM
TO MATURITY
341          1,685,125        0       62.0%     1.96      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
342          1,678,785        0       52.5%     1.66      N/A     PERFORMING                    PERFORM
TO MATURITY
343          1,696,718        0       60.6%     1.65      N/A     PERFORMING                    PERFORM
TO MATURITY
344          1,659,294        0       22.7%     2.55      N/A     PERFORMING                    PERFORM
TO MATURITY
345                  0        0        0.0%     0.96      N/A     INACTIVE                      PRE-PAID IN
FULL
346          1,667,541        0       49.0%     1.09      N/A     PERFORMING                    PERFORM
TO MATURITY
347          1,682,196        0       74.5%     1.50      N/A     PERFORMING                    PERFORM
TO MATURITY
348          1,682,515        0       96.1%               N/A     NEGOTIATING MODIFICATIONS    
DISCOUNTED PAYOFF
349          1,633,949        0       65.4%     1.35      N/A     PERFORMING                    PERFORM
TO MATURITY
350          1,629,810        0       69.8%     0.91      N/A     PERFORMING                    PERFORM
TO MATURITY
351          1,633,455        0       68.1%     1.04      N/A     PERFORMING                    PERFORM
TO MATURITY
352          1,633,640        0       70.3%     1.37      N/A     PERFORMING                    PERFORM
TO MATURITY
353          1,621,861        0       53.7%     0.90      N/A     PERFORMING                    PERFORM
TO MATURITY
354          1,618,225        0       64.7%     1.60      N/A     PERFORMING                    PERFORM
TO MATURITY
355          1,610,965        0       74.5%     1.24      N/A     PERFORMING                    PERFORM
TO MATURITY
356          1,588,203        0       74.5%     1.51      N/A     PERFORMING                    PERFORM
TO MATURITY
357          1,571,662        0       57.2%     1.23      N/A     PERFORMING                    PERFORM
TO MATURITY
358          1,573,476        0       64.0%     0.78      N/A     PERFORMING                    PERFORM
TO MATURITY
359          1,566,985        0       63.4%     1.76      N/A     PERFORMING                    PERFORM
TO MATURITY
360          1,566,240        0       68.8%     1.04      N/A     PERFORMING                    PERFORM
TO MATURITY
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
             CURRENT
ASSET       PRINCIPAL       DAYS                        ENVIRON
NO           BALANCE       DELINQ      LTV      DSCR    ISSUES    ASSET STATUS                 
RESOLUTION TYPE
<S>      <C>                 <C>     <C>        <C>       <C>     <C>                           <C>
361          1,542,561        0       67.1%     1.28      N/A     PERFORMING                    PERFORM
TO MATURITY
362          1,530,839        0       74.5%     2.20      N/A     PERFORMING                    PERFORM
TO MATURITY
363          1,518,365        0       70.6%     1.38      N/A     PERFORMING                    PERFORM
TO MATURITY
364          1,516,631        0      116.7%     1.14      N/A     PERFORMING                    PERFORM
TO MATURITY
365          1,504,319        0       65.4%     0.85      N/A     PERFORMING                    PERFORM
TO MATURITY
366          1,488,433        0       39.2%     3.41      N/A     PERFORMING                    PERFORM
TO MATURITY
367                  0        0        0.0%     1.98      N/A     INACTIVE                      PRE-PAID IN
FULL
368          1,490,820        0       64.8%     1.15      N/A     PERFORMING                    PERFORM
TO MATURITY
369          1,491,524        0       68.7%     1.32      N/A     PERFORMING                    PERFORM
TO MATURITY
370          1,490,332        0       67.7%     1.17      N/A     PERFORMING                    PERFORM
TO MATURITY
371          1,486,175        0       74.5%     1.54      N/A     PERFORMING                    PERFORM
TO MATURITY
372          1,484,209        0       67.5%     1.19      N/A     PERFORMING                    PERFORM
TO MATURITY
373          1,477,801        0       67.2%     0.00      N/A     PERFORMING                    PERFORM
TO MATURITY
374          1,458,129        0       60.8%     0.90      N/A     PERFORMING                    PERFORM
TO MATURITY
375          1,457,999        0       63.4%     3.34      N/A     PERFORMING                    PERFORM
TO MATURITY
376          1,450,736        0       70.0%     0.98      N/A     NEGOTIATING EXTENSION        
RESTRUCTURE/PERFORM TO MATURIT
377          1,450,940        0       67.8%     1.01      N/A     PERFORMING                    PERFORM
TO MATURITY
378          1,449,520        0       74.5%     1.43      N/A     PERFORMING                    PERFORM
TO MATURITY
379          1,434,692        0       60.8%     1.44      N/A     PERFORMING                    PERFORM
TO MATURITY
380          1,446,838        0       57.0%     1.04      N/A     PERFORMING                    PERFORM
TO MATURITY
381          1,421,187        0       74.5%     1.72      N/A     PERFORMING                    PERFORM
TO MATURITY
382          1,402,304        0       61.0%     2.82      N/A     PERFORMING                    PERFORM
TO MATURITY
383          1,377,025        0       56.0%     1.10      N/A     PERFORMING                    PERFORM
TO MATURITY
384          1,389,970        0       63.3%     1.38      N/A     PERFORMING                    PERFORM
TO MATURITY
385          1,375,521        0       60.3%     0.87      N/A     PERFORMING                    PERFORM
TO MATURITY
386          1,371,026        0       63.8%     1.60      N/A     PERFORMING                    PERFORM
TO MATURITY
387          1,364,739        0       53.7%     1.83      N/A     PERFORMING                    PERFORM
TO MATURITY
388          1,366,619        0       68.3%     1.89      N/A     PERFORMING                    PERFORM
TO MATURITY
389          1,356,479        0       64.6%     0.96      N/A     PERFORMING                    PERFORM
TO MATURITY
390          1,348,257        0       52.9%     1.10      N/A     PERFORMING                    PERFORM
TO MATURITY
391          1,352,948        0       64.0%     1.21      N/A     COLLECTION IN PROCESS        
PERFORM TO MATURITY
392          1,353,534        0       69.6%     1.31      N/A     PERFORMING                    PERFORM
TO MATURITY
393          1,338,244        0       66.9%     1.14      N/A     PERFORMING                    PERFORM
TO MATURITY
394          1,343,459        0       67.2%     1.12      N/A     PERFORMING                    PERFORM
TO MATURITY
395                  0        0        0.0%     1.30      N/A     INACTIVE                      PERFORM TO
MATURITY
396          1,316,605        0       65.6%     0.95      N/A     PERFORMING                    PERFORM
TO MATURITY
397          1,312,528        0       63.0%     2.69      N/A     PERFORMING                    PERFORM
TO MATURITY
398          1,299,695        0      171.0%     0.77      N/A     PERFORMING                    PERFORM
TO MATURITY
399                  0        0        0.0%     1.36      N/A     INACTIVE                      PRE-PAID IN
FULL
400          1,277,764        0       56.8%     1.21      N/A     PERFORMING                    PERFORM
TO MATURITY
401                  0        0        0.0%     1.78      N/A     INACTIVE                      PRE-PAID IN
FULL
402          1,275,633        0       67.0%     1.66      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
403          1,272,520        0       67.0%     1.03      N/A     PERFORMING                    PERFORM
TO MATURITY
404          1,269,484        0       66.8%     1.14      N/A     PERFORMING                    PERFORM
TO MATURITY
405          1,259,387        0       61.4%     1.19      N/A     PERFORMING                    PERFORM
TO MATURITY
407          1,245,622        0       40.8%     1.38      N/A     PERFORMING                    PERFORM
TO MATURITY
409          1,217,549        0       32.6%     1.87      N/A     PERFORMING                    PERFORM
TO MATURITY
410          1,225,800        0       69.3%     1.31      N/A     PERFORMING                    PERFORM
TO MATURITY
411          1,184,923        0       43.7%     1.59      N/A     PERFORMING                    PERFORM
TO MATURITY
412          1,215,462        0       39.9%     1.54      N/A     PERFORMING                    PERFORM
TO MATURITY
413          1,213,975        0       63.9%     1.17      N/A     PERFORMING                    PERFORM
TO MATURITY
414          1,208,807        0       60.0%     1.25      N/A     PERFORMING                    PERFORM
TO MATURITY
415          1,211,372        0       69.8%     1.56      N/A     PERFORMING                    PERFORM
TO MATURITY
416          1,212,500        0      131.8%     1.01      N/A     PERFORMING                    PERFORM
TO MATURITY
417          1,206,993        0       63.5%     1.84      N/A     PERFORMING                    PERFORM
TO MATURITY
418          1,198,052        0       59.9%     1.23      N/A     PERFORMING                    PERFORM
TO MATURITY
419          1,209,013        0       51.0%     1.82      N/A     COLLECTION IN PROCESS        
DISCOUNTED PAYOFF
420          1,198,638        0       53.3%     0.00      N/A     PERFORMING                    PERFORM
TO MATURITY
421          1,176,677        0       58.8%     1.29      N/A     PERFORMING                    PERFORM
TO MATURITY
422          1,186,601        0       74.5%     1.52      N/A     PERFORMING                    PERFORM
TO MATURITY
423          1,162,971        0       54.0%     1.69      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
424          1,184,060        0       68.6%     1.37      N/A     PERFORMING                    PERFORM
TO MATURITY
425          1,186,963        0       71.0%     1.14      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
426          1,185,424        0       69.7%     1.36      N/A     PERFORMING                    PERFORM
TO MATURITY
427          1,167,152        0       31.0%     1.88      N/A     PERFORMING                    PERFORM
TO MATURITY
428          1,166,837        0       65.7%     1.21      N/A     PERFORMING                    PERFORM
TO MATURITY
429          1,153,609        0       63.6%     1.01      N/A     PERFORMING                    PERFORM
TO MATURITY
430          1,116,172        0       43.3%     1.71      N/A     PERFORMING                    PERFORM
TO MATURITY
431          1,145,610        0       66.0%     1.23      N/A     PERFORMING                    PERFORM
TO MATURITY
432          1,133,900        0       19.2%     4.53      N/A     PERFORMING                    PERFORM
TO MATURITY
433          1,134,110        0       61.6%     1.46      N/A     PERFORMING                    PERFORM
TO MATURITY
434          1,136,310        0       66.0%     0.00      N/A     NEGOTIATING MODIFICATIONS    
RESTRUCTURE/PERFORM TO MATURIT
435          1,135,414        0       74.5%     1.52      N/A     PERFORMING                    PERFORM
TO MATURITY
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
             CURRENT
ASSET       PRINCIPAL       DAYS                        ENVIRON
NO           BALANCE       DELINQ      LTV      DSCR    ISSUES    ASSET STATUS                 
RESOLUTION TYPE
<S>      <C>                 <C>     <C>        <C>       <C>     <C>                           <C>
436          1,132,575        0       66.6%     1.50      N/A     PERFORMING                    PERFORM
TO MATURITY
437          1,103,569        0       52.6%     2.18      N/A     PERFORMING                    PERFORM
TO MATURITY
438          1,105,558        0       65.8%     1.33      N/A     PERFORMING                    PERFORM
TO MATURITY
439          1,101,795        0       64.8%     1.39      N/A     PERFORMING                    PERFORM
TO MATURITY
440          1,099,054        0      125.6%     1.38      N/A     PERFORMING                    PERFORM
TO MATURITY
441          1,095,360        0       68.0%     1.69      N/A     PERFORMING                    PERFORM
TO MATURITY
442            992,068        0       23.6%     1.39      N/A     PERFORMING                    PERFORM
TO MATURITY
443          1,066,790        0       63.1%     0.90      N/A     PERFORMING                    PERFORM
TO MATURITY
444          1,073,465        0       16.3%     5.33      N/A     PERFORMING                    PERFORM
TO MATURITY
445                  0        0        0.0%     1.47      N/A     INACTIVE                      PERFORM TO
MATURITY
446          1,042,469        0       32.6%     1.69      N/A     PERFORMING                    PERFORM
TO MATURITY
447          1,040,973        0       62.0%     1.21      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
448          1,042,724        0       74.5%     1.88      N/A     PERFORMING                    PERFORM
TO MATURITY
449          1,043,306        0       36.9%     1.66      N/A     PERFORMING                    PERFORM
TO MATURITY
450          1,034,161        0       64.6%     0.00      N/A     PERFORMING                    PERFORM
TO MATURITY
451          1,020,883        0       71.4%     1.15      N/A     PERFORMING                    PERFORM
TO MATURITY
452          1,021,642        0       56.0%     1.78      N/A     PERFORMING                    PERFORM
TO MATURITY
453          1,026,244        0       55.5%     1.35      N/A     PERFORMING                    PERFORM
TO MATURITY
454          1,023,697        0       67.0%     1.09      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
455          1,012,393        0       63.3%     1.35      N/A     PERFORMING                    PERFORM
TO MATURITY
456          1,017,358        0       69.0%     1.69      N/A     PERFORMING                    PERFORM
TO MATURITY
457          1,007,322        0       59.0%     1.20      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
458          1,002,253        0       68.4%     1.10      N/A     PERFORMING                    PERFORM
TO MATURITY
459            999,581        0       58.8%     0.90      N/A     PERFORMING                    PERFORM
TO MATURITY
460            994,300        0       66.3%     1.31      N/A     PERFORMING                    PERFORM
TO MATURITY
461            987,618        0       58.1%     1.21      N/A     PERFORMING                    PERFORM
TO MATURITY
462            980,174        0       44.6%     1.74      N/A     PERFORMING                    PERFORM
TO MATURITY
463            979,715        0       36.8%     2.87      N/A     PERFORMING                    PERFORM
TO MATURITY
464            966,217        0       42.9%     1.75      N/A     PERFORMING                    PERFORM
TO MATURITY
465            977,879        0       31.0%     0.00      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
466            954,428        0       59.1%     1.68      N/A     PERFORMING                    PERFORM
TO MATURITY
467            945,935        0       54.1%     1.30      N/A     PERFORMING                    PERFORM
TO MATURITY
468            950,619        0       68.0%     1.26      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
469            951,961        0       74.5%     1.75      N/A     PERFORMING                    PERFORM
TO MATURITY
470            938,875        0       64.0%     1.11      N/A     NEGOTIATING MODIFICATIONS    
DISCOUNTED PAYOFF
471                  0        0        0.0%     1.85      N/A     INACTIVE                      PRE-PAID IN
FULL
472            919,967        0       61.3%     1.25      N/A     PERFORMING                    PERFORM
TO MATURITY
473            917,681        0       65.5%     0.82      N/A     PERFORMING                    PERFORM
TO MATURITY
474            907,965        0       64.9%     0.97      N/A     PERFORMING                    PERFORM
TO MATURITY
475            904,522        0       62.4%     1.95      N/A     PERFORMING                    PERFORM
TO MATURITY
476            907,405        0       67.2%     1.00      N/A     PERFORMING                    PERFORM
TO MATURITY
477                  0        0        0.0%     1.09      N/A     INACTIVE                     
RESTRUCTURE/PERFORM TO MATURIT
478            887,386        0       57.3%     1.28      N/A     PERFORMING                    PERFORM
TO MATURITY
479            893,610        0       55.9%     1.72      N/A     PERFORMING                    PERFORM
TO MATURITY
480            897,861        0       69.1%     0.00      N/A     PERFORMING                    PERFORM
TO MATURITY
481            880,332        0       62.9%     1.20      N/A     PERFORMING                    PERFORM
TO MATURITY
482            858,578        0        8.9%     7.22      N/A     PERFORMING                    PERFORM
TO MATURITY
483            868,920        0       61.0%     0.00      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
484            865,308        0       70.3%     0.00      N/A     PERFORMING                    PERFORM
TO MATURITY
485            861,206        0       64.0%     1.28      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
486            844,105        0       56.3%     1.34      N/A     PERFORMING                    PERFORM
TO MATURITY
487            779,598        0       16.9%     1.82      N/A     PERFORMING                    PERFORM
TO MATURITY
488            835,805        0       70.4%     2.59      N/A     PERFORMING                    PERFORM
TO MATURITY
489            825,285        0       66.0%     1.48      N/A     PERFORMING                    PERFORM
TO MATURITY
490            816,379        0       59.1%     1.70      N/A     PERFORMING                    PERFORM
TO MATURITY
491            820,043        0       68.3%     1.44      N/A     PERFORMING                    PERFORM
TO MATURITY
492            733,596        0       23.3%     1.23      N/A     PERFORMING                    PERFORM
TO MATURITY
493                  0        0        0.0%     1.21      N/A     INACTIVE                      PERFORM TO
MATURITY
494            805,796        0       58.0%     1.20      N/A     PERFORMING                    PERFORM
TO MATURITY
495            804,958        0       69.0%     1.19      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
496            785,365        0       63.9%     1.09      N/A     PERFORMING                    PERFORM
TO MATURITY
497            776,961        0       53.6%     2.12      N/A     PERFORMING                    PERFORM
TO MATURITY
498            773,298        0       64.4%     2.14      N/A     PERFORMING                    PERFORM
TO MATURITY
499            728,425        0       23.9%     2.17      N/A     PERFORMING                    PERFORM
TO MATURITY
500                  0        0        0.0%     1.25      N/A     INACTIVE                      PRE-PAID IN
FULL
501            725,841       45       60.0%     1.65      N/A     COLLECTION IN PROCESS        
DISCOUNTED PAYOFF
502                  0        0        0.0%     1.50      N/A     INACTIVE                      PERFORM TO
MATURITY
503            714,237        0       33.0%     1.61      N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
504            709,540        0       59.1%     0.00      N/A     PERFORMING                    PERFORM
TO MATURITY
505            691,676        0       51.2%     1.20      N/A     PERFORMING                    PERFORM
TO MATURITY
506            705,134        0       50.4%     1.58      N/A     PERFORMING                    PERFORM
TO MATURITY
507            694,026        0       64.6%     1.15      N/A     PERFORMING                    PERFORM
TO MATURITY
508            684,555        0       74.5%     1.44      N/A     PERFORMING                    PERFORM
TO MATURITY
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
             CURRENT
ASSET       PRINCIPAL       DAYS                        ENVIRON
NO           BALANCE       DELINQ      LTV      DSCR    ISSUES    ASSET STATUS                 
RESOLUTION TYPE
<S>      <C>                 <C>     <C>        <C>       <C>     <C>                           <C>
509            682,839        0       62.1%      1.04     N/A     PERFORMING                    PERFORM
TO MATURITY
510            676,327        0       67.6%      1.48     N/A     PERFORMING                    PERFORM
TO MATURITY
511            674,999        0       67.5%      1.56     N/A     PERFORMING                    PERFORM
TO MATURITY
512            667,949        0       68.2%      1.56     N/A     PERFORMING                    PERFORM
TO MATURITY
513            660,991        0       68.5%      1.16     N/A     PERFORMING                    PERFORM
TO MATURITY
514            654,218        0       21.1%      3.46     N/A     PERFORMING                    PERFORM
TO MATURITY
515                  0        0        0.0%      1.62     N/A     INACTIVE                      PRE-PAID IN
FULL
516            622,369        0       47.4%      1.11     N/A     PERFORMING                    PERFORM
TO MATURITY
517            646,426        0       74.5%      1.43     N/A     PERFORMING                    PERFORM
TO MATURITY
518            638,012        0       42.0%      1.75     N/A     PERFORMING                    PERFORM
TO MATURITY
519            638,012        0       40.5%      1.15     N/A     PERFORMING                    PERFORM
TO MATURITY
520            625,698        0       46.0%      2.16     N/A     COLLECTION IN PROCESS        
DISCOUNTED PAYOFF
521            607,719        0       46.0%      1.72     N/A     PERFORMING                    PERFORM
TO MATURITY
522            625,763        0       57.0%      2.14     N/A     PERFORMING                    PERFORM
TO MATURITY
523                  0        0        0.0%      3.44     N/A     INACTIVE                      PRE-PAID IN
FULL
524            612,298        0       48.0%      1.76     N/A     PERFORMING                    PERFORM
TO MATURITY
525            609,353        0       63.1%      1.24     N/A     PERFORMING                    PERFORM
TO MATURITY
526            592,782        0       69.7%      0.00     N/A     PERFORMING                    PERFORM
TO MATURITY
527            601,830        0       70.7%      1.27     N/A     PERFORMING                    PERFORM
TO MATURITY
528            595,966        0       62.7%      1.33     N/A     PERFORMING                    PERFORM
TO MATURITY
529            597,337        0       70.3%      1.42     N/A     PERFORMING                    PERFORM
TO MATURITY
530            591,298        0       47.0%      1.52     N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
531            534,294        0       22.3%      1.34     N/A     PERFORMING                    PERFORM
TO MATURITY
532            567,305        0       56.7%      1.19     N/A     PERFORMING                    PERFORM
TO MATURITY
533            566,926        0       56.1%      1.62     N/A     PERFORMING                    PERFORM
TO MATURITY
534            539,551        0       34.4%      1.96     N/A     PERFORMING                    PERFORM
TO MATURITY
535            564,355        0       36.4%      1.38     N/A     PERFORMING                    PERFORM
TO MATURITY
536            569,164        0       68.2%      1.42     N/A     PERFORMING                    PERFORM
TO MATURITY
537            555,326        0       55.0%      1.48     N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
538            562,757        0       62.7%      1.50     N/A     PERFORMING                    PERFORM
TO MATURITY
539                  0        0        0.0%      2.17     N/A     INACTIVE                      PRE-PAID IN
FULL
540            539,108        0       46.9%      1.29     N/A     PERFORMING                    PERFORM
TO MATURITY
541            518,762        0       67.0%      1.30     N/A     MONITORING PERFORMANCE       
PERFORM TO MATURITY
542                  0        0        0.0%      3.04     N/A     INACTIVE                      PRE-PAID IN
FULL
543            491,634        0       58.5%      8.18     N/A     PERFORMING                    PERFORM
TO MATURITY
544            476,527        0       51.5%      2.01     N/A     PERFORMING                    PERFORM
TO MATURITY
545                  0        0        0.0%      0.00     N/A     INACTIVE                      PRE-PAID IN
FULL
546            431,970        0       36.1%      1.44     N/A     PERFORMING                    PERFORM
TO MATURITY
547            403,904        0       13.8%      3.26     N/A     PERFORMING                    PERFORM
TO MATURITY
548            446,796        0       85.1%      2.30     N/A     PERFORMING                    PERFORM
TO MATURITY
549            433,844        0       57.1%      2.25     N/A     PERFORMING                    PERFORM
TO MATURITY
550            369,142        0       50.2%      1.30     N/A     PERFORMING                    PERFORM
TO MATURITY
551            369,147        0       74.5%      1.61     N/A     PERFORMING                    PERFORM
TO MATURITY
552            335,365        0       43.6%      1.02     N/A     PERFORMING                    PERFORM
TO MATURITY
553            352,253        0       70.5%      1.41     N/A     PERFORMING                    PERFORM
TO MATURITY
554            332,260        0       60.4%      2.57     N/A     PERFORMING                    PERFORM
TO MATURITY
555            331,163        0       70.0%      1.32     N/A     PERFORMING                    PERFORM
TO MATURITY
556            302,372        0       36.7%      2.07     N/A     PERFORMING                    PERFORM
TO MATURITY
557            311,017        0       45.4%      1.27     N/A     PERFORMING                    PERFORM
TO MATURITY
558            310,690        0       74.5%      1.25     N/A     PERFORMING                    PERFORM
TO MATURITY
559            298,768        0       67.1%      2.48     N/A     PERFORMING                    PERFORM
TO MATURITY
560            271,356        0       10.1%     10.60     N/A     PERFORMING                    PERFORM
TO MATURITY
561                  0        0        0.0%      2.70     N/A     INACTIVE                      PRE-PAID IN
FULL
562            166,485        0       66.6%      2.57     N/A     PERFORMING                    PERFORM
TO MATURITY
563             81,157        0        5.8%      1.50     N/A     PERFORMING                    PERFORM
TO MATURITY
564            124,125        0       82.8%      1.65     N/A     PERFORMING                    PERFORM
TO MATURITY
- ---      -------------       --     ------      -----     ---     -------------------------     ------------------------------
TOTAL    1,823,655,057
         =============
</TABLE>
<PAGE>
                 MIDLAND LOAN SERVICES, L.P. - MASTER SERVICER
                  LOAN PORTFOLIO ANALYSIS SYSTEM - LOAN TERMS
                  PORTFOLIO: SASCO SERIES 1996 - CFL (CONFED)
                         REPORTING PERIOD: AUGUST, 1996
                            DATE PRINTED: 27-AUG-96
<TABLE>
<CAPTION>
                                                        REMAIN
             CURRENT          ORIG                       LOAN                  INT
ASSET       PRINCIPAL         NOTE        LOAN AMORT    TERM IN      INT       RATE
NO           BALANCE          DATE           DATE        MONTHS      RATE      TYPE     
PAYMENT
<S>       <C>               <C>           <C>             <C>      <C>          <C>      <C>
001         33,412,281       10/5/90      10/10/2020      169       9.550%       F       295,577
002         28,542,777        8/9/90       8/15/2025       48      10.070%       F       253,349
003         27,239,061        1/8/91        2/5/2017      245       9.830%       F       257,780
004         26,383,932       8/31/89        9/1/2024       60       8.350%       A       203,227
005         24,696,762       6/13/90      11/15/2024       99       7.670%       A       178,434
006         22,752,831      10/28/88        8/1/2002       71       8.250%       F       156,426
007         21,885,077       1/21/88        9/5/2018       17       8.000%       F       176,035
008         19,782,693       3/16/89       4/15/2009      152       7.640%       A       202,720
009         18,929,722       3/26/91       4/15/2016       56       8.750%       F       168,337
010         18,861,002       12/6/89        1/1/2024       40       7.750%       A       138,465
011         18,782,570        5/5/89        6/5/2019       33       8.500%       F       155,529
012         18,011,209      11/28/88       3/15/2025       88       8.750%       A       143,180
013         17,864,518       8/29/88       9/15/2018      265      10.375%       F       172,028
014         17,817,155       3/15/89       3/20/2019       31       8.700%       F       150,234
015         16,783,377      11/16/88      12/18/2018       88       8.000%       F       134,386
016         16,164,532        8/1/91        8/6/2021        0       9.500%       F       141,229
017         15,889,521       6/17/91       8/15/2023       48       8.500%       F       123,026
018         15,730,274       5/23/94         8/15/99       36       8.000%       A       104,868
019         15,122,321        6/2/92       6/10/2017        9       8.875%       F       132,905
020         15,000,000        9/4/90       9/15/2000       49       8.500%       F       106,250
021         14,784,467       7/11/88      10/15/2024       48       8.500%       F       115,338
022         13,768,381       11/2/89      11/10/2009      158       9.375%       F       151,534
023         12,693,721      10/23/90       11/5/2020       50       9.750%       F       113,952
024         12,046,955        9/1/89      10/15/2017       98       9.125%       A       107,270
025                  0      10/26/87       11/1/2017       14       8.875%       F       104,910
026         11,010,591       10/1/90       11/1/2020      170       9.800%       A        99,226
027         10,647,090       5/11/87        6/1/2017        9       8.875%       F        93,574
028         10,576,791        5/8/90       5/15/2020       45       9.375%       F        92,724
029                  0       5/24/91         6/10/96        0       9.125%       F             0
030         10,350,000       7/28/95        8/1/2005      107       8.500%       F        73,313
031         10,230,994      10/17/90      11/15/2015      231      10.000%       F        99,958
032          9,937,445        3/1/91        4/1/2001       55       8.500%       F        76,892
033          9,920,536       11/3/89       12/1/2020      112       8.500%       F        80,523
034          9,671,104        4/6/90       5/18/2015       43       9.250%       F        90,777
035          9,619,683        5/3/90       6/15/2018      106       9.375%       A        86,402
037          9,364,417       7/13/88        8/1/2018       23       8.500%       F        78,512
038                  0        8/6/90        9/1/2015      228      10.250%       F        92,639
039          9,055,276       7/31/89        8/5/2019       35       9.250%       F        79,330
040          9,042,050       1/29/88        3/1/2018       18       9.750%       F        83,767
041          8,839,869      10/31/91       3/15/2023        3       9.375%       F        75,357
042          8,784,476        7/2/90       7/15/2015      227      10.000%       F        86,327
043          8,820,552      10/10/89       11/1/2019       38       9.375%       F        77,781
044          8,737,819       5/15/89        3/1/2015       33       8.500%       F        79,432
045          8,559,644        4/5/89       5/16/2019       33       8.625%       F        71,667
046          8,503,101       1/31/89        2/1/2024      149       7.900%       A        63,233
047          8,326,906      11/20/91      11/22/2011        3       9.375%       F        85,469
048          8,319,751       7/27/89        8/5/2016       47       8.500%       A        72,201
049          8,301,691       5/24/88       6/10/2018       81       8.875%       A        71,817
050          8,256,962       5/16/90        6/1/2020       45       9.310%       F        71,952
051          8,207,867       2/15/90       3/10/2015       42       9.375%       F        77,853
052          7,892,880       4/10/91       8/15/2020       31       8.875%       F        67,092
053          7,737,907       4/12/89        5/1/2014      212      10.500%       F        80,256
054          7,691,354      10/24/86       8/20/2025       63       8.750%       F        60,947
055          7,676,566       10/1/91      10/15/2021       62       9.750%       A        68,303
056          7,647,198       8/27/90        9/5/2020      168       9.500%       F        67,447
057          7,605,493       10/5/87       11/1/2017       14       8.750%       F        65,772
058          7,574,691       6/26/90       7/16/2020       47       9.250%       F        58,388
059          7,522,681      10/23/89       11/1/2019      158       9.000%       A        64,432
060          7,263,185       6/14/90       6/15/2018       46       9.875%       F        67,675
061          6,971,181      12/12/89        1/1/2010      160       9.750%       F        77,779
062          6,996,990       12/5/89        1/1/2018      100       9.375%       A        63,221
063          6,978,599       5/30/90       6/10/2020       45      10.125%       F        64,739
064          6,750,000      10/14/93        8/1/2001       59       7.000%       F        39,375
065          6,584,514       2/23/88       3/15/2018       79       9.750%       A        61,000
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
                                                        REMAIN
             CURRENT          ORIG                       LOAN                  INT
ASSET       PRINCIPAL         NOTE        LOAN AMORT    TERM IN      INT       RATE
NO           BALANCE          DATE           DATE        MONTHS      RATE      TYPE     
PAYMENT
<S>       <C>               <C>           <C>             <C>      <C>          <C>      <C>
066          6,394,676       6/27/91       7/20/2016      239      10.000%       F        61,792
067          6,314,557      11/13/91       12/1/2016        3       9.500%       F        58,538
068          6,237,047        8/2/89        9/1/2019      276       9.750%       F        56,705
069          6,221,552        4/1/94        6/1/2000       45       8.375%       F        43,421
070          6,003,438       1/29/90      12/10/2011      101       8.250%       F        57,602
071          6,055,037       1/29/91        9/1/2020       48       9.000%       F        51,337
072                  0       4/15/91       4/15/2021        0       9.250%       F        51,829
073          6,051,108      10/31/91       11/5/2023        2       9.625%       F        48,535
074          5,896,795       8/19/88        4/1/2009       24       8.000%       F        61,601
075          5,973,939       3/29/88       4/15/2018       19       9.000%       F        52,301
076          5,954,070       12/7/89       1/15/2020       41       9.375%       F        52,401
077          5,838,550       6/11/86        7/5/2014        0      13.500%       F        52,970
078          5,806,820       11/6/89      11/15/2019       39       9.125%       F        50,224
079          5,752,520        5/5/89       5/15/2018      117       8.500%       F        48,420
080          5,728,801      12/11/89        1/1/2015       40       9.500%       F        54,977
081          5,704,120       10/5/87       11/1/2017       14       8.750%       F        49,329
082                  0       5/22/91        6/5/2021        0       9.250%       F        48,538
083          5,548,442       6/29/87        7/1/2012       70       9.000%       A        54,754
084          5,489,132        1/1/96        1/1/2021       76       8.500%       F        44,508
085          5,452,570       3/15/85       4/10/2015      223       9.375%       A        51,632
086          5,362,500       9/26/94       10/1/2029       97       8.750%       F        39,102
087          5,306,075      11/12/91      11/15/2021        3       9.500%       F        46,247
088          5,178,769       2/11/93       3/10/2009      138       8.250%       A        55,233
089          5,222,007        3/1/89      11/10/2025       71       8.750%       F        41,302
090          5,205,996      11/17/89       12/1/2019       39       9.625%       F        46,750
091          5,157,100       10/9/87      11/15/2017       15       9.000%       F        45,438
093          5,175,000       11/3/92       12/1/2002       75       7.750%       A        33,422
094          5,112,089       4/19/88       5/10/2018       20       9.750%       F        47,254
095          5,103,144        3/2/88        4/1/2018       79       9.500%       A        46,368
096          4,971,686      11/29/88       12/1/2008      147      10.625%       F        60,408
097          4,990,548        1/7/92       1/10/2012      184       9.875%       A        52,622
099          5,012,666      10/31/88      11/10/2018       26       8.875%       F        43,100
100          5,016,331        8/9/89       8/15/2019      276      10.000%       F        46,512
101          4,918,745       3/28/85        4/1/2015      163       9.000%       A        45,407
102          4,926,327       2/26/90        3/1/2020      102       9.250%       A        42,852
103          4,885,184       7/18/89        8/1/2019       35       8.750%       F        41,164
104          4,833,050       9/11/89      12/15/2018       28       8.375%       F        39,921
105          4,838,734       7/19/89        8/5/2019       95      10.250%       A        45,702
106          4,795,993        1/5/89        2/1/2012       89       8.900%       F        47,618
108          4,743,328       5/10/89        6/1/2017       93       9.000%       A        40,894
109          4,751,458        5/1/89        6/1/2019       33      10.375%       F        45,370
110          4,658,501       8/19/85        9/1/2005       36       9.950%       F        54,261
111          4,730,097        1/1/90       2/10/2020       41       9.375%       F        41,588
112          4,703,556      10/23/89      11/12/2019       38       9.125%       F        40,682
113          4,692,087        9/8/89       6/20/2019       37       8.375%       F        38,469
114          4,624,754       12/5/89      12/25/2009      160       9.750%       F        51,600
115          4,621,806       4/10/91       8/15/2020       31       8.875%       F        39,346
116                  0        3/3/87        4/1/2017        7       9.000%       F        41,036
117          4,575,746      10/25/89       11/1/2019      158       9.400%       F        40,429
118          4,511,797       5/10/93        2/1/2018      257       9.000%       F        39,549
119          4,503,315       4/22/91        5/5/2021       56       9.250%       A        38,666
120          4,485,743        9/1/87       10/1/2017       13       9.000%       F        39,575
121          4,325,577        6/3/91        6/3/2016        0       9.250%       F        41,107
122          4,482,130       7/26/91        8/1/2016      179      10.000%       F        43,255
123          4,457,961       6/10/88        7/1/2013      142      10.250%       F        46,320
124          4,393,433        3/6/91       9/25/2021       55       8.750%       F        36,997
125          4,437,039        1/1/96        1/1/2021       76       8.500%       F        35,978
126                  0       11/1/86        1/1/2014        4       9.500%       F        42,919
127          4,370,017      11/30/88      12/15/2018       28       7.750%       F        34,340
128          4,312,405       2/10/87       2/15/2017       42       9.250%       F        37,367
129          4,189,889       8/27/90       9/15/2015      109      10.375%       A        42,088
130          4,185,630       1/21/86        1/1/2018       28       8.500%       F        35,423
131          4,173,459       6/23/88       7/15/2018       22       7.500%       F        32,373
132          4,175,140       1/17/89       2/20/2019       30       7.625%       F        32,387
133          4,153,996       3/18/93        6/1/2017      249       9.000%       F        36,845
134          4,142,161       7/23/93       8/10/2018      264       9.000%       F        36,085
135          4,133,695       6/28/90        7/1/2005      106       8.500%       A        29,280
136          4,125,000       11/3/92       12/1/2002       75       7.750%       A        26,641
137          4,090,067       1/17/89        2/1/2019       53       9.875%       F        37,793
138          4,080,516        2/3/88        3/1/2018       18       9.750%       F        37,803
139          4,068,504       10/1/87       11/1/2017      254       9.750%       F        37,867
140          4,069,224       9/13/90       3/15/2021      104      10.050%       A        37,234
141          4,045,481      10/27/87       11/1/2017      134       9.625%       F        37,315
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
                                                        REMAIN
             CURRENT          ORIG                       LOAN                  INT
ASSET       PRINCIPAL         NOTE        LOAN AMORT    TERM IN      INT       RATE
NO           BALANCE          DATE           DATE        MONTHS      RATE      TYPE     
PAYMENT
<S>       <C>               <C>           <C>             <C>      <C>          <C>      <C>
142          3,992,411      11/20/91      12/15/2011      184       9.875%       F        42,098
143          3,994,685       3/24/87        4/1/2017        7       8.875%       F        35,208
144                  0       4/16/91       4/20/2016        0       9.375%       F        36,331
145          3,924,968        3/1/91       4/15/2021       56       9.250%       F        33,730
146                  0       3/19/91       4/15/2016        0       9.250%       F        35,969
147          3,698,000        3/9/87        4/1/2002       67      10.000%       F        71,462
148          3,874,375       8/22/89       9/15/2014       97      10.125%       A        38,987
149          3,801,170       8/27/87        9/1/2007       12       9.250%       F        45,794
150          3,866,034       11/8/89      12/10/2019       39       9.250%       F        33,730
151          3,832,588       12/1/86        1/1/2017       16       8.625%       F        33,309
152          3,793,196        3/1/89       3/20/2009      151      10.250%       F        44,660
153          3,833,098        3/1/90       3/15/2020      104       8.500%       A        31,379
154          3,827,159        2/9/87       11/1/2018      206       9.250%       F        33,906
155          3,812,742       9/25/89       10/1/2014       37       9.750%       F        37,385
156          3,778,651       3/30/87        4/1/2012        7       8.625%       F        36,711
157          3,776,296       12/1/88        1/1/2019       88       8.000%       A        30,237
158          3,759,991       9/17/92       10/1/2017      253      10.000%       F        35,667
159          3,722,452        5/4/88        4/1/2026       20       8.000%       A        27,389
160          3,575,739       2/20/91       3/15/2006      115      10.125%       F        48,702
161          3,677,540       9/14/87       10/1/2017      133      10.500%       F        36,133
162          3,646,714       1/11/90       2/15/2020       42       9.500%       F        32,373
163          3,622,478       12/8/89        1/1/2020      160       9.500%       F        32,189
164          3,601,206      12/31/91        1/1/2017      244      10.000%       F        34,531
165          3,556,073       6/12/92        7/1/2012       10       8.875%       F        34,825
166          3,568,421       6/13/88       6/15/2018       82       8.250%       A        29,710
167          3,586,874       11/6/87         5/25/99       33       6.500%       F        19,429
168          3,553,804        2/9/87       10/1/2018      206       9.250%       F        31,484
169          3,398,891       6/19/90       7/15/2005      107       9.750%       F        47,672
170          3,506,437      12/31/91        1/1/2017      244      10.000%       F        33,622
171          3,471,349        2/1/86        3/1/2021       30       9.500%       A        30,457
172          3,457,311       6/12/90       7/12/2020       46       9.750%       F        31,145
173          3,448,047        4/9/92       4/15/2017      248      10.000%       F        32,941
174          3,434,855       8/19/87        9/1/2017       12       9.250%       F        30,907
175          3,408,524      10/24/89       11/1/2019       38       9.750%       F        30,930
176          3,407,350       3/30/89        4/1/2019      151      10.375%       F        32,595
177          3,360,947       5/17/88        6/1/2018       21       8.750%       F        28,800
178          3,356,165       1/25/88        2/1/2018       17      10.000%       F        31,693
179          3,350,438       3/15/88       4/10/2018       79       9.875%       A        31,287
180          3,345,557        8/6/87      11/10/2024       60       8.250%       A        23,001
181          3,261,039        1/1/89       3/10/2014      150      10.375%       F        33,670
182          3,248,623       9/16/88       10/1/2018       25       8.625%       F        27,433
183          3,167,950       4/21/86       5/15/2017       57       9.000%       A        28,099
184          3,154,334        3/5/92        4/1/2017      247      10.250%       F        30,663
185          3,156,331       6/20/88        7/1/2018      142      10.750%       F        31,272
186          3,089,819       1/31/92        2/1/2017      245      10.250%       F        30,107
187          3,059,185       5/12/87        6/1/2017       33       8.875%       F        26,886
188          3,022,222      11/15/91      12/10/2011      183      10.250%       F        32,640
189          3,026,020       8/13/90       9/10/2015       48      10.375%       F        30,397
190          3,035,518       12/6/89        1/1/2020       40       9.750%       F        27,493
191          3,018,949        3/6/89        3/8/2019      150       7.750%       A        23,626
192          2,984,620        1/1/96        1/1/2021       76       8.500%       F        24,201
193          2,956,194       5/11/88       12/1/2010       69       9.625%       F        31,745
194          2,957,882       4/19/90       5/15/2020      285      10.000%       A        27,205
195          2,927,438        2/1/90       2/20/2015       42       9.750%       F        28,517
196          2,932,350        9/7/89       10/1/2019       97       9.750%       A        26,634
197          2,906,139        1/1/86        2/1/2021       53      10.000%       A        28,274
198          2,878,798        9/8/93      10/15/2013      206       9.250%       F        27,934
199          2,896,517       10/1/89       11/1/2019       38       9.250%       F        25,298
200          2,880,382        4/1/91       4/15/2021        0       9.625%       F        25,500
201          2,830,799       6/18/86        7/1/2016       46       9.125%       F        25,736
202          2,802,766        4/4/91       4/15/2016       19       9.600%       F        26,420
203          2,754,412       2/15/83        8/1/2007      131      10.500%       F        35,318
204          2,795,772        5/1/88        6/1/2018      142       9.875%       F        26,051
205          2,773,730        4/6/88        5/1/2018       20       8.875%       F        24,025
206          2,777,508       6/28/90        8/1/2020       47       9.750%       F        24,999
207          2,762,115       9/28/87      10/15/2017       74       9.250%       A        24,791
208          2,744,831       3/20/90        4/1/2015       43       9.500%       F        26,211
209          2,736,178       10/5/89      10/10/2019      217       9.500%       F        24,385
210          2,723,795       7/19/88       8/15/2015        0       8.875%       F        24,718
211                  0       6/27/91        7/1/2021        0       9.500%       F        23,671
212          2,716,025       2/15/94       1/15/2007      125       7.500%       A        16,975
213          2,699,456       2/10/88         2/15/99       30       6.250%       F        14,060
214          2,676,190       11/1/86       12/1/2016       63       9.625%       A        25,030
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
                                                        REMAIN
             CURRENT          ORIG                       LOAN                  INT
ASSET       PRINCIPAL         NOTE        LOAN AMORT    TERM IN      INT       RATE
NO           BALANCE          DATE           DATE        MONTHS      RATE      TYPE     
PAYMENT
<S>       <C>               <C>           <C>             <C>      <C>          <C>      <C>
215          2,681,353        5/2/88        9/3/2025       44       8.500%       F        20,761
216          2,662,447        5/9/88       5/15/2018       46       8.000%       A        21,556
217          2,664,840        6/1/92       6/20/2017      250       9.750%       F        24,952
218          2,659,547      12/18/85        1/1/2016       28       9.500%       F        25,043
219          2,652,848       11/1/89        1/1/2020      160       9.625%       F        23,800
220          2,623,130        5/1/87       6/10/2012        9       9.125%       F        26,147
221          2,650,000        8/9/90       8/15/2026       48       8.800%       F        19,433
222          2,578,260       6/29/87        7/1/2007      130       9.500%       F        31,693
223          2,593,763       9/24/87      10/15/2012       74       9.500%       A        26,211
224          2,607,793      12/20/88       2/15/2019       30       8.000%       F        20,853
225          2,601,625        2/9/87        3/1/2017        6       9.000%       F        23,174
226          2,597,172       2/21/89        3/1/2019       78      10.250%       F        24,643
227          2,573,882       10/3/88       11/1/2013       26       8.500%       F        23,739
228          2,552,843       1/11/90       1/15/2010      161       9.625%       F        28,210
229          2,550,392        2/1/88        3/1/2018       78       9.875%       A        26,098
230          2,547,721       3/16/88       4/10/2018       79       9.250%       A        22,726
231          2,544,974       4/29/85        5/1/2015       44       9.750%       F        24,673
232          2,518,737       4/29/87       5/15/2021       69       8.625%       A        24,411
233          2,539,020       9/27/89      10/15/2019      158       8.875%       A        21,558
234          2,471,828        9/1/88      11/10/2008      146      10.500%       F        29,952
235          2,489,428        3/2/89       3/15/2014      151       7.900%       F        21,865
236          2,476,513       8/13/87        9/1/2013       34       9.250%       F        24,079
237          2,476,450        3/1/89        4/1/2019       31       7.125%       F        18,377
238          2,472,069        1/1/96        1/1/2021       76       8.500%       F        20,045
239          2,451,596        5/1/87       6/10/2017        9       9.500%       F        22,550
240          2,426,907       7/25/91       8/20/2011       60       9.875%       F        25,833
241          2,422,870      12/23/86        2/1/2012        5       9.000%       F        24,201
242          2,421,778      11/25/86       12/1/2016        3       9.500%       F        22,451
243          2,419,036        7/1/88        8/1/2018       23       8.625%       F        20,479
244          2,401,731      11/10/86       12/5/2011      183      10.250%       F        25,939
245          2,405,221        3/1/88        5/1/2018       20       9.250%       F        21,429
246          2,380,079       10/5/90      10/10/2010      169      10.500%       F        26,957
247          2,400,447       8/27/90       9/15/2020      109      10.375%       A        22,636
248          2,372,294       8/24/87        9/5/2017       12       9.250%       F        21,347
249          2,347,512       11/4/86      11/10/2011       62      10.500%       F        25,777
250          2,349,547      10/11/88       11/1/2013       26       8.600%       F        21,814
251          2,353,642       12/1/85        1/1/2016       40       9.125%       F        21,594
252          2,324,349      10/20/88      11/10/2018       86       8.250%       A        19,036
253          2,343,750        9/9/94       9/15/2024       61       7.250%       A        14,160
254          2,323,496      10/23/86       11/1/2016      170       9.875%       F        22,143
255          2,311,375        5/9/85       8/10/2015       45      10.250%       F        23,060
256          2,304,478       8/27/90       9/15/2015      109      10.375%       A        23,148
257          2,308,797        9/5/85       4/10/2020       45       9.000%       F        19,673
258          2,308,951       10/1/85       7/12/2025       26       8.625%       F        18,104
259          2,304,306        2/1/91       4/10/2021       55       9.625%       F        20,400
260          2,291,019       4/22/88       5/15/2018      141      10.250%       F        21,955
261          2,274,911       10/1/89       12/1/2014       99       8.250%       A        20,090
262          2,266,072       4/23/90       5/15/2020       45      10.000%       F        20,843
263          2,256,384      10/16/89       11/1/2019       38       9.250%       F        19,479
264          2,234,928       6/13/91       7/15/2021       59       9.750%       F        19,933
265          2,233,809        5/1/88       11/1/2025       62       8.500%       F        17,273
266          2,206,306       3/29/88       4/10/2013       79       9.375%       F        21,844
267          2,222,848       4/22/91        5/5/2021       55       9.250%       A        19,087
268                  0       7/15/91       8/15/2001       60       9.500%       A        19,340
269          2,181,533        1/1/87        3/1/2017        6       9.500%       F        20,143
270          2,181,496        3/1/86        4/1/2016       31       9.000%       F        18,932
271          2,172,359        9/1/85      10/10/2015       49       9.000%       F        19,853
272          2,179,125      12/11/89        1/1/2020       40       9.625%       F        19,550
273          2,148,783        2/8/90        3/1/2015       42       9.250%       F        20,211
274          2,133,115       10/1/86       11/1/2014       62       9.875%       A        21,053
275          2,123,693        9/1/86       12/1/2011        3       9.875%       F        22,446
276          2,120,927        4/1/87       5/20/2012       69       9.250%       A        21,302
277          2,115,438        5/1/87       6/10/2012        9       9.125%       F        21,086
278          2,091,798        8/1/88       9/18/2008      145      10.625%       F        25,674
279          2,089,091        2/1/89       4/10/2009      151      10.375%       F        24,750
280          2,085,842       10/9/91      11/15/2011      183      10.250%       F        22,578
281          2,104,352       3/27/86        5/1/2011       31       9.500%       A        18,447
282          2,100,000       6/29/90         8/15/97       12       9.780%       F        17,115
283          2,086,347      12/19/89        2/1/2020      161       9.625%       F        18,700
284          2,087,115       1/17/84        2/1/2023       29       7.500%       F        13,044
285          2,055,847       6/16/88        7/1/2018       22       8.375%       F        17,093
286          2,053,696       4/27/88        5/1/2018       20       8.875%       F        17,789
287          2,013,579       7/19/88       8/10/2008      143      10.000%       F        24,126
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
                                                        REMAIN
             CURRENT          ORIG                       LOAN                  INT
ASSET       PRINCIPAL         NOTE        LOAN AMORT    TERM IN      INT       RATE
NO           BALANCE          DATE           DATE        MONTHS      RATE      TYPE     
PAYMENT
<S>       <C>               <C>           <C>             <C>      <C>          <C>      <C>
288          2,041,230       3/12/86        4/1/2016       31       8.500%       F        17,830
289          2,044,415        1/1/96        1/1/2021       76       8.500%       F        16,577
290          2,039,501       5/12/87        6/1/2017       33       8.875%       F        17,925
291          2,002,759        6/1/87        6/1/2017        9       9.125%       F        17,928
292          1,989,476        9/1/88       11/1/2013       85       7.500%       A        17,160
293          2,000,803       1/21/87        2/1/2017       65       9.500%       A        18,499
294          1,969,872        1/5/89       1/15/2009      137      10.500%       F        23,712
295          1,969,934       9/21/90       10/1/2010      169      10.000%       A        21,713
296          2,000,000       9/17/86         5/25/99       33       6.500%       F        10,833
297          1,975,770       7/15/86        6/1/2016       35       9.000%       F        17,858
298          1,970,803       3/31/87       4/20/2017        8       9.125%       F        17,689
299          1,970,270        6/9/86        7/1/2016       58       9.750%       A        18,714
300          1,955,265        1/1/89        2/1/2014       29       8.500%       F        17,920
301          1,957,373       11/9/88       12/5/2018       27       8.625%       F        16,488
302          1,966,405      11/10/94      11/10/2024       99       9.500%       A        16,712
303          1,959,555      10/18/88       11/1/2018       86       9.125%       A        17,174
304          1,934,202        2/7/89       3/10/2019       30       9.000%       F        16,713
305          1,895,723       6/29/87        7/1/2007      130       9.500%       F        23,304
306          1,922,694        1/1/96        1/1/2021       76       8.500%       F        15,590
307          1,910,309       8/28/86       9/10/2016        0       9.750%       F        18,096
308          1,901,802        5/1/89        6/1/2019       33      10.375%       F        20,599
309          1,904,678       10/2/89       11/1/2019       38      10.375%       F        18,109
310          1,859,237       3/24/92       4/15/2007      128      10.125%       F        23,810
311          1,892,055       3/31/89        4/1/2019       31       7.875%       F        14,938
312          1,885,820       11/1/88       12/1/2018      147      10.375%       F        18,109
313          1,880,458        4/1/91        5/1/2021      296      10.125%       F        17,294
314          1,870,455        1/1/96        1/1/2021       76       8.500%       F        15,166
315          1,861,733      11/18/86       12/1/2016        3       9.750%       F        17,566
316          1,855,976       1/29/87        2/1/2017       65       9.250%       A        16,832
317          1,851,993       8/15/88        9/1/2018       24       8.875%       F        15,982
318          1,841,042       7/28/92        8/1/2012      191       9.750%       F        18,971
319          1,844,750       9/25/89       10/1/2024       37       7.125%       F        12,666
320          1,831,516      10/22/87       11/1/2017       14       8.875%       F        15,989
321          1,817,897      11/26/86      12/15/2016       64       9.750%       A        17,153
322                  0        4/1/86        5/1/2016        0       9.875%       F        17,463
323          1,794,673       5/27/88        7/1/2009       81       9.000%       F        19,690
324          1,808,485       11/2/89      11/10/2014       38       9.250%       F        17,128
325          1,804,611       6/27/86        7/1/2016        0       9.875%       F        17,290
326          1,800,110        8/8/89        9/1/2004       36       9.250%       F        15,754
327          1,792,076      11/19/92       12/1/2017       75       8.750%       A        15,477
328          1,788,513        6/1/89        7/5/2019       34       8.500%       F        14,793
329                  0        1/1/96        1/1/2021       76       8.500%       F        14,501
330          1,785,795       10/7/87       11/1/2017       14       8.875%       F        15,589
331          1,774,185      12/14/88        1/1/2019       28       8.125%       F        14,349
332          1,738,903       6/13/91       7/15/2011       59       9.625%       A        18,337
333          1,748,350       5/12/88        6/1/2018       21       8.500%       F        14,698
334          1,750,170        3/1/94        3/1/2020       90       8.500%       F        14,344
335          1,707,886       2/17/87        3/1/2012        6       9.125%       F        17,146
336          1,715,543        8/8/88       8/15/2018       24       8.750%       F        14,664
337          1,682,999       6/15/92        7/1/2007       70       8.750%       A        19,989
338                  0       3/31/86        4/1/2016        0       9.500%       F        16,042
339          1,693,314        2/1/91       3/15/2011      175      10.375%       F        18,810
340          1,691,434        9/1/86       10/1/2011       61      10.000%       A        18,091
341          1,685,125      12/18/86        2/1/2012        5       9.250%       F        17,128
342          1,678,785      11/15/89      12/15/2009      160      11.000%       F        20,046
343          1,696,718       11/8/89       12/1/2019      159       9.375%       A        14,947
344          1,659,294       12/1/91        1/1/2007       64       9.750%       A        21,188
345                  0       6/30/86        8/1/2016        0       9.500%       F        15,727
346          1,667,541        3/9/89        4/1/2009      151      10.250%       F        19,633
347          1,682,196        1/1/96        1/1/2021       76       8.500%       F        13,640
348          1,682,515        5/1/88        6/1/2018      141      10.125%       F        15,963
349          1,633,949       6/29/87        8/5/2017       71       9.000%       A        14,455
350          1,629,810        2/8/89       2/15/2019       30       8.000%       F        13,033
351          1,633,455       2/27/90        3/5/2020      162       9.375%       A        14,348
352          1,633,640       3/23/89       4/15/2019      152      10.500%       F        15,771
353          1,621,861        5/1/85        6/1/2015       45       9.500%       F        15,440
354          1,618,225       6/16/88        7/1/2018      142       8.500%       A        13,586
355          1,610,965        1/1/96        1/1/2021       76       8.500%       F        13,062
356          1,588,203        1/1/96        1/1/2021       76       8.500%       F        12,878
357          1,571,662       4/20/89        5/1/2014       32       8.500%       F        14,317
358          1,573,476       8/27/90       9/15/2015      109      10.375%       A        15,807
359          1,566,985       3/12/86        4/1/2016       55       9.750%       F        14,946
360          1,566,240        3/1/88       4/10/2018        7       9.500%       F        14,231
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
                                                        REMAIN
             CURRENT          ORIG                       LOAN                  INT
ASSET       PRINCIPAL         NOTE        LOAN AMORT    TERM IN      INT       RATE
NO           BALANCE          DATE           DATE        MONTHS      RATE      TYPE     
PAYMENT
<S>       <C>               <C>           <C>             <C>      <C>          <C>      <C>
361          1,542,561        6/1/87        7/1/2017       70       9.250%       A        13,917
362          1,530,839        1/1/96        1/1/2021       76       8.500%       F        12,413
363          1,518,365       3/19/90        4/1/2020      103       9.500%       A        13,454
364          1,516,631       8/12/86        9/1/2025       40       9.875%       F        13,245
365          1,504,319        4/1/87       5/15/2017       57       7.875%       F        12,282
366          1,488,433        6/1/93       10/5/2012      193       9.500%       F        15,009
367                  0       3/17/86        4/1/2006       55       9.625%       F        19,431
368          1,490,820        1/4/89       2/15/2019       30       8.250%       F        12,163
369          1,491,524      11/18/86        7/1/2020       63       9.500%       A        13,736
370          1,490,332       11/1/88       12/1/2019       27       8.500%       F        12,432
371          1,486,175        1/1/96        1/1/2021       76       8.500%       F        12,051
372          1,484,209        7/5/90        8/1/2020       47      10.125%       F        13,746
373          1,477,801        4/1/89       5/15/2019       32      10.375%       F        14,125
374          1,458,129       11/4/86       12/1/2011       87      10.250%       F        15,749
375          1,457,999       7/12/89        8/1/2014       35       8.750%       F        13,427
376          1,450,736       7/15/86       7/15/2016        0       9.500%       F        13,543
377          1,450,940       3/16/89        4/1/2019       31       8.000%       F        11,572
378          1,449,520        1/1/96        1/1/2021       76       8.500%       F        11,753
379          1,434,692        7/2/86        7/1/2011       71       9.250%       F        14,766
380          1,446,838       3/16/89        4/1/2019      151      10.625%       F        14,093
381          1,421,187        1/1/96        1/1/2021       76       8.500%       F        11,524
382          1,402,304       7/31/85        9/1/2015       48      10.250%       F        13,971
383          1,377,025      10/29/87      11/10/2007      134      10.375%       F        17,325
384          1,389,970       3/16/87       9/15/2013       31       8.875%       F        13,193
385          1,375,521       7/28/87       8/15/2012       72       9.250%       A        13,751
386          1,371,026       11/6/86      12/10/2016       39      10.000%       F        13,164
387          1,364,739        4/2/90       4/16/2015       44      10.500%       F        14,163
388          1,366,619       1/15/86        2/1/2016       53      10.125%       F        13,408
389          1,356,479        2/5/87        3/1/2017        6       9.125%       F        12,193
390          1,348,257       7/25/91       8/20/2011       60       9.875%       F        14,352
391          1,352,948       4/30/86        5/1/2016        0      14.750%       F        12,888
392          1,353,534       4/27/88        5/1/2018       20       8.875%       F        11,725
393          1,338,244       6/30/86       7/15/2016       34       7.500%       A        10,801
394          1,343,459        6/1/89        7/1/2019       94       8.750%       A        11,334
395                  0        4/1/86        4/1/2016        0       9.875%       F        12,879
396          1,316,605        5/1/88        7/1/2013      142       9.250%       A        12,880
397          1,312,528      12/12/88         5/25/99       33       6.500%       F         7,110
398          1,299,695       4/15/88        5/1/2018       20       9.750%       F        12,029
399                  0        3/1/88       4/10/2018       79       9.500%       A        11,772
400          1,277,764      12/14/89      12/20/2009      160       9.875%       A        14,352
401                  0        4/1/87       5/20/2012       69       9.250%       A        12,846
402          1,275,633      10/23/86       11/1/2016      122       9.875%       F        12,157
403          1,272,520        4/1/87        6/1/2017        9       9.125%       F        11,391
404          1,269,484       3/31/88        5/1/2018       20       8.750%       F        10,893
405          1,259,387       4/12/85       5/15/2015       44       9.625%       F        12,129
407          1,245,622       7/11/84          8/1/99       35       8.875%       F        11,568
409          1,217,549       5/24/89      10/15/2013       33       9.000%       F        11,626
410          1,225,800      12/12/89        1/1/2020       40       9.250%       F        10,695
411          1,184,923       9/10/75       9/15/2005      109       8.875%       F        15,917
412          1,215,462       5/16/85        6/1/2015      105       9.875%       A        11,865
413          1,213,975      10/10/88      11/10/2018       26       8.750%       F        10,339
414          1,208,807       4/25/85        5/1/2015       44       9.125%       F        11,236
415          1,211,372      10/17/88       11/1/2018       26       8.500%       F        10,118
416          1,212,500      11/16/88        8/5/2025       71       8.750%       F         9,608
417          1,206,993       1/21/88        2/1/2018       17       9.125%       F        10,693
418          1,198,052      10/23/86       12/1/2011       86      10.250%       F        12,970
419          1,209,013        2/1/88        6/1/2015       78       9.000%       F         9,801
420          1,198,638      10/14/87       11/1/2017       14       9.750%       F        11,169
421          1,176,677       9/21/89      10/15/2009      158       9.625%       F        13,165
422          1,186,601        1/1/96        1/1/2021       76       8.500%       F         9,621
423          1,162,971        1/1/87        2/1/2007        5       9.375%       F        14,541
424          1,184,060      11/20/87       6/15/2017       16      10.000%       F        11,285
425          1,186,963       8/17/89        9/1/2019        0      10.250%       F        11,202
426          1,185,424       1/31/90       2/10/2020       41       9.625%       F        10,625
427          1,167,152        6/1/89        7/1/2014       40       9.875%       F        11,597
428          1,166,837       4/27/88        5/1/2018       20       8.875%       F        10,108
429          1,153,609       5/25/88        6/1/2015       21      10.000%       F        11,356
430          1,116,172      12/12/72        6/1/2005      105       8.750%       F        15,156
431          1,145,610        7/2/87        8/1/2017      131       9.500%       F        10,511
432          1,133,900       8/13/90        9/1/2010      168       9.930%       A        12,486
433          1,134,110      10/26/89      11/10/2014       38       9.500%       F        10,922
434          1,136,310      11/21/85        6/1/2016        0      10.000%       F        10,996
435          1,135,414        1/1/96        1/1/2021       76       8.500%       F         9,206
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
                                                        REMAIN
             CURRENT          ORIG                       LOAN                  INT
ASSET       PRINCIPAL         NOTE        LOAN AMORT    TERM IN      INT       RATE
NO           BALANCE          DATE           DATE        MONTHS      RATE      TYPE     
PAYMENT
<S>       <C>               <C>           <C>             <C>      <C>          <C>      <C>
436          1,132,575        3/1/86       4/15/2021       31       9.500%       F         9,929
437          1,103,569      12/16/86        2/1/2012       65       9.500%       A        11,359
438          1,105,558       7/31/89       8/10/2019       35      10.750%       F        10,829
439          1,101,795      10/21/87       11/1/2017       74       9.500%       A        10,086
440          1,099,054       4/13/89        5/1/2019       32       7.750%       F         8,578
441          1,095,360        2/3/86        3/1/2015       54       9.625%       F        10,566
442            992,068       6/13/85        7/1/2000       46      12.500%       F        26,808
443          1,066,790      12/15/86        1/1/2012       76       9.875%       F        11,249
444          1,073,465        8/1/89        9/1/2019       96       8.500%       A         8,858
445                  0       6/19/91        7/1/2011        0       9.500%       F        10,906
446          1,042,469       4/13/88        5/1/2013       20       7.875%       F         9,354
447          1,040,973      10/30/86       11/1/2011        2       9.750%       F        10,948
448          1,042,724        1/1/96        1/1/2021       76       8.500%       F         8,455
449          1,043,306        5/1/89        5/1/2019       33      10.500%       F        10,063
450          1,034,161       8/12/94        9/1/2024       96       8.500%       F         8,074
451          1,020,883       1/21/80        2/1/2010      161      10.375%       F        11,776
452          1,021,642        6/8/87        7/1/2012       10       9.375%       F        10,316
453          1,026,244       9/27/88       11/1/2018       86       8.875%       A         8,824
454          1,023,697      11/26/86      12/10/2016        3       9.875%       F         9,743
455          1,012,393       4/23/84       5/10/2014       32       8.500%       F         9,222
456          1,017,358        5/2/88       5/10/2018       20       9.375%       F         9,150
457          1,007,322        7/1/86        8/1/2011        0       9.875%       F        10,748
458          1,002,253       5/24/90       5/10/2021       45       8.875%       A         8,349
459            999,581        4/2/85        5/1/2020      104       9.750%       A         9,022
460            994,300       4/27/87        5/1/2017        8       8.875%       F         8,753
461            987,618       6/15/87        7/1/2012       70       9.500%       F        10,048
462            980,174        7/1/88       8/15/2013       84       8.500%       A         9,099
463            979,715       2/24/89        3/1/2014       30       8.000%       F         8,664
464            966,217      11/25/86        1/1/2007      124      10.125%       F        12,540
465            977,879      11/24/86      12/20/2017        3       9.500%       F         9,460
466            954,428        6/1/89        7/1/2014       34       9.250%       F         9,104
467            945,935       4/23/90        5/1/2010       44       9.750%       F        10,459
468            950,619       8/28/86        9/1/2016        0       9.750%       F         9,006
469            951,961        1/1/96        1/1/2021       76       8.500%       F         7,719
470            938,875        5/1/87        7/1/2012       10       9.500%       F         9,551
471                  0       6/27/86        8/1/2016        0       9.875%       F         8,921
472            919,967      10/31/88       11/1/2016       26       8.875%       F         8,167
473            917,681       5/11/88        6/1/2018       45       7.875%       A         7,347
474            907,965        5/1/89        7/1/2019       34       9.000%       F         7,811
475            904,522        4/9/87       4/15/2017       68       9.000%       A         8,047
476            907,405       4/10/85        5/1/2020      104      10.125%       A         8,425
477                  0        4/1/86       4/10/2016        0       9.500%       F         8,465
478            887,386        8/1/87        9/1/2007      132      10.250%       F        11,191
479            893,610       5/29/85        6/1/2001        9      10.000%       F         9,651
480            897,861        8/5/87        9/1/2017       12       9.500%       F         8,228
481            880,332       4/23/84       5/10/2014       32       8.500%       F         8,020
482            858,578      12/16/85        2/1/2005       17       8.500%       F        11,850
483            868,920        2/2/88        3/1/2013      198      10.375%       F         9,166
484            865,308        6/1/92        6/5/2017       34       8.500%       F         7,385
485            861,206        5/1/86        6/1/2016        0       9.625%       F         8,121
486            844,105       10/4/89      10/15/2009      158       9.875%       F         9,568
487            779,598       12/1/86        1/1/2001       52       9.750%       F        18,162
488            835,805        8/3/92        9/1/2017       72       9.000%       A         7,384
489            825,285        7/8/86       8/15/2016       60      10.000%       A         7,965
490            816,379       10/1/85       11/1/2010      170      10.250%       F         9,099
491            820,043       6/15/88       7/15/2018       83       8.375%       A         6,826
492            733,596        6/1/90       8/10/2000       47      10.250%       F        18,696
493                  0        3/1/86        4/1/2011        0       9.625%       F         8,514
494            805,796       6/30/81        7/1/2011      178      14.750%       F        11,205
495            804,958       7/11/88      12/15/2016        4       9.750%       F         7,595
496            785,365       8/23/78        9/1/2013      144       9.625%       F         7,820
497            776,961       3/21/94        4/1/2019       55       8.750%       F         6,578
498            773,298      11/10/86       12/1/2016       63       9.750%       A         7,297
499            728,425      10/19/92       11/1/2002       74       9.375%       F        12,872
500                  0      11/12/86       12/1/2017        3       9.750%       F         6,874
501            725,841       9/10/86       10/1/2011        1      10.250%       F         7,839
502                  0        6/4/86        7/1/2016        0      10.000%       F         7,021
503            714,237        3/1/86        4/1/2016        0       9.750%       F         6,853
504            709,540        8/1/88        9/1/2013       24       9.250%       F         6,900
505            691,676        7/5/90        8/1/2005      107      10.375%       F         9,879
506            705,134       3/20/88       2/20/2018       19      10.000%       F         6,653
507            694,026       4/29/94       5/15/2019       93       8.000%       F         5,529
508            684,555        1/1/96        1/1/2021       76       8.500%       F         5,551
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
                                                        REMAIN
             CURRENT          ORIG                       LOAN                  INT
ASSET       PRINCIPAL         NOTE        LOAN AMORT    TERM IN      INT       RATE
NO           BALANCE          DATE           DATE        MONTHS      RATE      TYPE     
PAYMENT
<S>       <C>               <C>           <C>             <C>      <C>          <C>      <C>
509            682,839       5/23/85       6/15/2020       21       9.500%       F         6,039
510            676,327        5/1/89        6/1/2019       33       7.875%       F         5,326
511            674,999       5/21/85        6/1/2015       45       9.250%       F         6,318
512            667,949       5/14/87        6/9/2017        9       9.125%       F         5,981
513            660,991       5/25/89       6/10/2019       33       8.875%       F         5,638
514            654,218       8/13/90        9/1/2010      168       9.930%       A         7,203
515                  0       1/18/94        2/1/2019       53       8.750%       F         5,550
516            622,369      11/15/78       12/1/2003       87       7.750%       F         9,295
517            646,426        1/1/96        1/1/2021       76       8.500%       F         5,242
518            638,012        4/1/87       5/20/2002       69       9.250%       A         6,423
519            638,012        4/1/87       5/20/2012       69       9.250%       A         6,423
520            625,698        5/1/89        6/1/2009       33       8.125%       F         6,532
521            607,719       5/20/87       7/20/2007        9       9.500%       F         7,503
522            625,763       7/29/87         5/25/99       33       6.500%       F         3,390
523                  0       3/13/92        4/1/2017        8       8.250%       F         5,204
524            612,298       12/5/86       2/15/2021       29       9.500%       F         5,377
525            609,353      10/19/92       11/1/2017       74       9.500%       F         5,570
526            592,782        6/1/92       6/15/2007       70       9.250%       F         7,205
527            601,830       8/20/85        8/1/2025       31       8.500%       F         4,663
528            595,966        6/1/87        7/1/2012       70       9.125%       A         5,927
529            597,337       11/8/93       12/1/2018       51       8.750%       F         5,088
530            591,298        9/3/86       6/25/2016        0      10.125%       F         5,762
531            534,294       8/24/90        9/6/2000       48      10.375%       F        13,424
532            567,305       11/3/88      11/15/2008       28       8.625%       F         6,264
533            566,926       6/16/87        7/1/2007      130       9.750%       F         7,048
534            539,551       10/9/74      10/15/2002       74       9.000%       F         9,596
535            564,355       6/28/79        7/1/2009      154       9.625%       F         6,375
536            569,164        4/1/87        6/1/2017       69       9.250%       A         5,142
537            555,326       1/26/87        2/1/2007        5       9.625%       F         7,020
538            562,757       4/25/85        5/1/2015       44       9.875%       F         5,502
539                  0       3/28/74        4/1/2002       67       8.750%       F         9,990
540            539,108       7/29/94       8/15/2014       96       8.500%       F         4,882
541            518,762       12/1/86        1/1/2017        4       9.750%       F         4,889
542                  0       9/29/88       10/1/2013      205      10.500%       F         5,430
543            491,634       5/29/92        6/1/2007       10       9.000%       F         5,933
544            476,527      10/25/79       11/1/2009      158       9.875%       F         5,384
545                  0        1/1/96        1/1/2021       76       8.500%       F         3,898
546            431,970       9/15/87      10/10/2002       73      10.250%       F         7,903
547            403,904       5/15/90       6/15/2000       46       9.750%       F        10,559
548            446,796       3/11/93       3/15/2028       79       8.500%       A         3,537
549            433,844       3/30/93       4/10/2018       79       9.250%       F         3,870
550            369,142       8/21/86        9/1/2006      120      10.250%       F         4,909
551            369,147        1/1/96        1/1/2021       76       8.500%       F         2,993
552            335,365      12/11/86      12/15/2001       64      10.000%       F         6,783
553            352,253        4/5/92        4/5/2017        7       8.500%       F         3,020
554            332,260        1/4/89        2/1/2009      149       7.750%       A         3,466
555            331,163       5/21/81        2/1/2011      173       8.500%       F         2,346
556            302,372       1/28/87        3/1/2002       66      10.000%       F         5,911
557            311,017       8/28/84       9/10/2014       96       9.875%       A         3,547
558            310,690        1/1/96        1/1/2021       76       8.500%       F         2,519
559            298,768        1/4/94        2/1/2026       89       8.000%       A         2,202
560            271,356       2/17/85        3/1/2015       42      10.125%       F         2,711
561                  0        4/1/92        4/5/2017        7       8.500%       F         2,114
562            166,485      11/15/93       12/1/2018       51       8.500%       F         1,390
563             81,157       5/20/87          6/1/97        9       9.750%       F         8,501
564            124,125        7/1/94       7/15/2019       95       8.500%       F         1,027
- --       -------------      --------      ----------      ---      ------        --      -------
TOTAL    1,823,655,057
         =============

</TABLE>
<PAGE>
                 MIDLAND LOAN SERVICES, L.P. - MASTER SERVICER
             LOAN PORTFOLIO ANALYSIS SYSTEM - PROPERTY DESCRIPTION
                  PORTFOLIO: SASCO SERIES 1996 - CFL (CONFED)
                         REPORTING PERIOD: AUGUST, 1996
                            DATE PRINTED: 27-AUG-96
<TABLE>
<CAPTION>
ASSET  PROP                                                    YEAR                          PROPERTY    
VALUATION     VALUATION
NO      NO    PROPERTY TYPE     CITY            STATE   ZIP    BUILT   UNITS    NET SF        
VALUE        DATE         SOURCE
<S>     <C>   <C>               <C>               <C>  <C>     <C>     <C>     <C>          <C>           <C>  
      <C>
001     1     OFFICE            ST PAUL           MN   55101   1915    N/A       617,798    56,000,000  
 07/20/90    MAI APPRAISAL
002     1     OFFICE            WASHINGTON        DC   20002   1990    N/A       258,989   
39,000,000    06/23/93    MAI APPRAISAL
003     1     WAREHOUSE         OCALA             FL   34474   1990    N/A     1,550,000   
35,500,000    03/31/93    MAI APPRAISAL
004     1     MIXED USE         WASHINGTON        DC   20015   1989    N/A       158,718   
33,950,609    07/07/94    MAI APPRAISAL
005     1     MULTI-FAMILY      DULUTH            GA   30136   1992    532       718,426   
35,325,000    02/16/90    MAI APPRAISAL
006     1     OFFICE            WILMINGTON        DE   19808   1988    N/A       190,895   
23,300,000    07/23/93    MAI APPRAISAL
007     1     MULTI-FAMILY      OAKTON            VA   22030   1987    313       312,292   
30,850,000    11/11/87    MAI APPRAISAL
008     1     MULTI-FAMILY      NORTH BRUNSWICK   NJ   08902   1979    644       564,300   
29,370,000    10/12/93    MAI APPRAISAL
009     1     MULTI-FAMILY      SAN LEANDRA       CA   94577   1988    236       189,356   
16,007,680    02/22/91    MAI APPRAISAL
009     2     MULTI-FAMILY      HAYWOOD           CA   93230   1986    208       180,750   
13,592,320    02/22/91    MAI APPRAISAL
010     1     MIXED USE         TREUOSE           PA   19047   1985    N/A        53,412   
37,600,000    10/20/89    MAI APPRAISAL
010     2     MIXED USE         TREVOSE           PA   19047   1985    N/A       112,381    N/A        
  N/A         N/A
010     3     MIXED USE         TREVOSE           PA   19047   1987    N/A        61,508    N/A         
 N/A         N/A
010     4     MIXED USE         TREVOSE           PA   19047   1977    N/A        46,147    N/A         
 N/A         N/A
011     1     MIXED USE         CHICAGO           IL   60610   1969    N/A       340,145   
29,000,000    02/08/89    MAI APPRAISAL
012     1     RETAIL            BONITA SPRINGS    FL   33923   1989    N/A       274,227   
24,270,000    10/07/88    MAI APPRAISAL
013     1     OFFICE            SARASOTA          FL   34236   1986    N/A       223,455   
27,500,000    07/14/88    MAI APPRAISAL
014     1     RETAIL            EDISON            NJ   08820   1986    N/A       178,615    24,680,000   
10/28/93    MAI APPRAISAL
015     1     MULTI-FAMILY      BRIDGEWATER       NJ   08807   1988    380       376,680   
23,790,000    07/27/93    MAI APPRAISAL
016     1     RETAIL            BEDMINSTER        NJ   07921   1989    N/A       111,299   
24,600,000    05/06/91    MAI APPRAISAL
017     1     MULTI-FAMILY      CORONA            CA   91719   1992    316       335,804   
28,600,000    10/02/90    PROSPECTUS
018     1     OFFICE            CHICAGO           IL   60601   1914    N/A       404,830    11,400,000   
07/28/92    MAI APPRAISAL
019     1     OFFICE            DENVER            CO   80111   1982    N/A       358,357    24,000,000  
 04/15/92    MAI APPRAISAL
020     1     MULTI-FAMILY      ATLANTA           GA   30326   1990    226       265,800   
26,200,000    05/29/90    MAI APPRAISAL
021     1     MULTI-FAMILY      CENTREVILLE       VA   22020   1988    268       267,964   
17,800,000    11/30/92    MAI APPRAISAL
022     1     MULTI-FAMILY      WILMINGTON        DE   19807   1950    519       432,398   
23,200,000    07/12/89    MAI APPRAISAL
023     1     OFFICE            ELMHURST          IL   60126   1988    N/A       123,077    17,500,000 
  08/06/90    MAI APPRAISAL
024     1     OFFICE            CALABASAS         CA   91302   1985    N/A       116,445   
19,000,000    08/07/89    MAI APPRAISAL
025     1     OFFICE            SEATTLE           WA   98134   1950    N/A       284,057    18,000,000 
  10/01/87    MAI APPRAISAL
026     1     INDUSTRIAL        SAN DIEGO         CA   92120   1977    N/A       233,847   
17,000,000    07/13/90    MAI APPRAISAL
027     1     RETAIL            PHOENIX           AZ   85022   1986    N/A       120,627    15,335,000  
 02/20/87    MAI APPRAISAL
028     1     RETAIL            PHOENIX           AZ   85044   1988    N/A       122,992    14,700,000  
 01/29/90    MAI APPRAISAL
029     1     RETAIL            DURHAM            NC   27704   1990    N/A       206,827   
14,525,000    01/10/91    MAI APPRAISAL
030     1     RETAIL            TUCKER            GA   30027   1984    N/A       304,082    15,900,000  
 10/01/94    MAI APPRAISAL
031     1     MULTI-FAMILY      NETCONG           NJ   07857   1971    424       335,380   
18,800,000    03/16/90    MAI APPRAISAL
032     1     MULTI-FAMILY      MURRIETTA         CA   92362   1990    420       324,800   
23,500,000    11/30/90    PROSPECTUS
033     1     MIXED USE         MINNEAPOLIS       MN   55402   1926    N/A       145,938   
19,000,000    08/01/89    PROSPECTUS
034     1     MULTI-FAMILY      MT OLIVE          NJ   07282   1978    372       283,935   
14,900,000    01/19/90    MAI APPRAISAL
035     1     RETAIL            WAIPAHU           HI   96797   1962    N/A       109,744    16,000,000 
  05/01/89    MAI APPRAISAL
037     1     OFFICE            WEST TRENTON      NJ   08628   1987    N/A       108,277   
14,800,000    04/05/88    MAI APPRAISAL
038     1     OFFICE            HARRISBURG        PA   17105   1989    N/A       131,488   
15,150,000    05/14/90    MAI APPRAISAL
039     1     MIXED USE         MINNEAPOLIS       MN   55408   1988    N/A        88,861   
13,000,000    07/25/89    MAI APPRAISAL
040     1     MULTI-FAMILY      DURHAM            NC   27713   1986    308       267,420   
13,400,000    09/25/89    MAI APPRAISAL
041     1     MULTI-FAMILY      DULUTH            GA   30136   1991    216       275,872   
14,080,000    09/23/91    MAI APPRAISAL
042     1     MULTI-FAMILY      EWING TOWNSHIP    NJ   08628   1976    306       290,800   
15,830,000    03/23/90    MAI APPRAISAL
043     1     OFFICE            PHOENIX           AZ   85004   1990    N/A        79,601    12,400,000   
09/13/89    MAI APPRAISAL
044     1     RETAIL            ATCO              NJ   08004   1988    N/A        48,800     4,240,000   
02/01/89    MAI APPRAISAL
044     2     RETAIL            MARLTON           NJ   08053   1973    N/A        25,200     1,630,000  
 02/06/89    MAI APPRAISAL
044     3     RETAIL            PITMAN            NJ   08071   1973    N/A        25,000     1,430,000   
02/06/89    MAI APPRAISAL
044     4     RETAIL            BLACKWOOD         NJ   08096   1963    N/A        49,000    
3,040,000    02/06/89    MAI APPRAISAL
044     5     RETAIL            SEWELL            NJ   08080   1988    N/A        35,000     2,870,000   
02/06/89    MAI APPRAISAL
045     1     MIXED USE         WASHINGTON        DC   20007   1980     35       129,657   
14,140,000    01/24/89    MAI APPRAISAL
046     1     RETAIL            SARASOTA          FL   34243   1989    N/A       115,967   
11,600,000    11/10/88    MAI APPRAISAL
047     1     MULTI-FAMILY      PHILADELPHIA      PA   19115   1968    279       261,350   
14,000,000    08/29/91    MAI APPRAISAL
048     1     OFFICE            MENLO PARK        CA   94612   1986    N/A       100,231   
12,750,000    03/13/89    MAI APPRAISAL
049     1     RETAIL            MARTINEZ          CA   94553   1987    N/A        85,980   
12,100,000    03/15/88    MAI APPRAISAL
050     1     OFFICE            SEATTLE           WA   98134   1952    N/A       132,456    11,750,000 
  01/10/90    MAI APPRAISAL
051     1     MULTI-FAMILY      WHEATON           IL   60187   1972    342       300,302   
12,850,000    12/07/89    MAI APPRAISAL
052     1     OFFICE            MONROEVILLE       PA   15146   1991    N/A        90,725   
11,470,000    12/01/90    MAI APPRAISAL
053     1     OFFICE            ST LOUIS PARK     MN   55426   1972    N/A       133,472   
12,500,000    03/15/89    MAI APPRAISAL
054     1     RETAIL            COLORADO SPRING   CO   80920   1986    N/A        96,144    
6,000,000    10/26/92    MAI APPRAISAL
055     1     RETAIL            BLOOMINGTON       MN   55420   1986    N/A        93,742   
10,700,000    07/21/91    MAI APPRAISAL
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
ASSET  PROP                                                    YEAR                          PROPERTY    
VALUATION     VALUATION
NO      NO    PROPERTY TYPE     CITY            STATE   ZIP    BUILT   UNITS    NET SF        
VALUE        DATE         SOURCE
<S>     <C>   <C>               <C>               <C>  <C>     <C>     <C>     <C>          <C>           <C>  
      <C>
056     1     OFFICE            WESTFIELD         NJ   07091   1980    N/A        69,250    10,800,000 
  06/06/90    MAI APPRAISAL
057     1     MULTI-FAMILY      ALTEMONTE SPRIN   FL   32701   1985    288       240,512   
11,400,000    02/15/90    MAI APPRAISAL
058     1     OFFICE            OXON HILL         MD   20745   1972    N/A       113,928   
11,350,000    04/06/90    PROSPECTUS
059     1     RETAIL            SAN ANTONIO       TX   78209   1951    N/A       102,031   
10,675,000    08/01/89    MAI APPRAISAL
060     1     OFFICE            BERKELEY          CA   94710   1970    N/A        68,034   
10,400,000    02/22/90    MAI APPRAISAL
061     1     WAREHOUSE         GRAPEVINE         TX   76051   1989    N/A       498,800   
11,000,000    04/28/93    MAI APPRAISAL
062     1     MIXED USE         SUNNYVALE         CA   94086   1987     57        31,611   
10,800,000    09/20/89    MAI APPRAISAL
063     1     MULTI-FAMILY      BELLEVUE          WA   98006   1988    184       144,308   
10,600,000    04/25/90    MAI APPRAISAL
064     1     OFFICE            SUNNYVALE         CA   94086   1981    N/A        91,868    
8,500,000    12/27/91    MAI APPRAISAL
065     1     OFFICE            FREMONT           CA   94539   1985    N/A       171,360     9,500,000 
  12/02/87    MAI APPRAISAL
066     1     RETAIL            DOUGLAS           GA   31533   1991    N/A       175,281     9,720,000 
  06/13/90    MAI APPRAISAL
067     1     MULTI-FAMILY      WEYMOUTH          MA   02188   1977    198       177,074   
10,350,000    08/15/91    MAI APPRAISAL
068     1     RETAIL            SPRING HILL       FL   34606   1989    N/A       103,112    
8,900,000    06/13/89    MAI APPRAISAL
069     1     OFFICE            BOSTON            MA   02108   1891    N/A        69,940    13,100,000  
 02/26/90    MAI APPRAISAL
070     1     RETAIL            ST PETERSBURG     FL   33713   1984    N/A       139,699    
8,870,000    10/16/89    MAI APPRAISAL
071     1     MULTI-FAMILY      RANDOLPH          MA   23514   1969    172       151,663    
9,000,000    11/30/90    MAI APPRAISAL
072     1     MULTI-FAMILY      NORCROSS          GA   30092   1989    146       180,242    
9,385,000    03/14/91    MAI APPRAISAL
073     1     MULTI-FAMILY      ORLANDO           FL   32812   1972    344       334,352   
11,125,000    08/15/91    MAI APPRAISAL
074     1     OFFICE            PHILADELPHIA      PA   19154   1988    N/A       229,755    
5,250,000    06/30/92    MAI APPRAISAL
075     1     INDUSTRIAL        LOUISVILLE        CO   80027   1988    N/A       106,750    
8,670,000    01/26/88    MAI APPRAISAL
076     1     MIXED USE         CLACKAMAS         OR   97015   1987    N/A        53,279    
8,600,000    10/12/89    MAI APPRAISAL
077     1     MULTI-FAMILY      ROCKVILLE         MD   20854   1965    162       146,460    
9,050,000    04/04/86    MAI APPRAISAL
078     1     RETAIL            NORTH BRUNSWICK   NJ   08902   1989    N/A        42,208    
7,797,000    08/31/94    MAI APPRAISAL
079     1     WAREHOUSE         S SAN FRANCISCO   CA   94080   1972    N/A       166,640    
8,700,000    02/21/89    PROSPECTUS
080     1     INDUSTRIAL        WILMINGTON        MA   01887   1969    N/A       230,807   
10,500,000    11/03/89    MAI APPRAISAL
081     1     MULTI-FAMILY      ALTAMONTE SPRIN   FL   32714   1984    236       193,248    
9,800,000    02/15/90    MAI APPRAISAL
082     1     MULTI-FAMILY      CASTRO VALLEY     CA   94546   1990     96        82,338    
8,600,000    03/07/91    MAI APPRAISAL
083     1     RETAIL            EUSTIS            FL   32726   1984    N/A       125,191     8,800,000   
03/01/87    MAI APPRAISAL
084     1     OTHER             ATLANTA           GA   30339   1985    N/A        76,463     7,369,902  
 01/01/96    MAI APPRAISAL
085     1     RETAIL            HOUSTON           TX   77099   1983      1       124,100     8,935,000   
12/07/84    MAI APPRAISAL
086     1     RETAIL            ALPHARETTA        GA   30202   1989    N/A        95,504    
6,970,000    12/07/93    MAI APPRAISAL
087     1     OFFICE            DURHAM            NC   27713   1991    N/A       170,000     8,350,000  
 03/13/91    MAI APPRAISAL
088     1     INDUSTRIAL        CHAMBLEE          GA   30341   1975      1        93,557    
1,500,000    01/13/92    MAI APPRAISAL
088     2     INDUSTRIAL        DURAVILLE         GA   30340   1974    N/A       174,860    
4,600,000    01/17/92    MAI APPRAISAL
088     3     INDUSTRIAL        ATLANTA           GA   30318   1973    N/A        26,400      
475,000    02/11/92    MAI APPRAISAL
088     4     INDUSTRIAL        ATLANTA           GA   30336   1974    N/A        77,089    
1,400,000    01/21/92    MAI APPRAISAL
088     5     INDUSTRIAL        ATLANTA           GA   30336   1973    N/A        79,068    
1,250,000    01/29/92    MAI APPRAISAL
088     6     INDUSTRIAL        ATLANTA           GA   30318   1973    N/A        52,983      
900,000    02/12/92    MAI APPRAISAL
088     7     INDUSTRIAL        ATLANTA           GA   30318   1971    N/A        33,437      
625,000    02/07/92    MAI APPRAISAL
088     8     INDUSTRIAL        ATLANTA           GA   30318   1971    N/A        33,340      
625,000    02/03/92    MAI APPRAISAL
089     1     INDUSTRIAL        TUSTIN            CA   92680   1985    N/A       121,443   
14,200,000    01/27/89    PROSPECTUS
090     1     OFFICE            CAROL STREAM      IL   60188   1988      1        62,327    
7,500,000    09/12/89    MAI APPRAISAL
091     1     RETAIL            SILVER SPRING     MD   20910   1986    N/A        49,851    
7,950,000    07/21/87    MAI APPRAISAL
093     1     INDUSTRIAL        MILPITAS          CA   95035   1982    N/A        95,685    
4,150,000    04/23/91    MAI APPRAISAL
094     1     OFFICE            SAN FRANCISCO     CA   94133   1924    N/A       104,241   
10,500,000    02/05/88    MAI APPRAISAL
095     1     RETAIL            LODI              CA   95240   1981    N/A       123,736     7,350,000   
12/21/87    MAI APPRAISAL
096     1     MIXED USE         SAN FRANCISCO     CA   94104   1929     74       128,431   
11,900,000    08/15/88    MAI APPRAISAL
097     1     OFFICE            MONTVALE          NJ   07645   1991    N/A        51,155     7,770,000 
  09/30/91    MAI APPRAISAL
099     1     RETAIL            RALEIGH           NC   27604   1988    N/A        80,781     8,600,000   
08/16/88    MAI APPRAISAL
100     1     OFFICE            SARASOTA          FL   34237   1984    N/A        51,862     7,100,000  
 06/01/89    MAI APPRAISAL
101     1     OFFICE            SPOKANE           WA   99201   1963    N/A       116,322     7,520,000 
  03/14/85    MAI APPRAISAL
102     1     OFFICE            ELK GROVE VILLA   IL   60007   1988    N/A       171,565    
7,000,000    12/22/89    MAI APPRAISAL
103     1     RETAIL            PHILADELPHIA      PA   19153   1986    N/A        58,700    
7,130,000    05/04/89    MAI APPRAISAL
104     1     MULTI-FAMILY      BEAR              DE   19701   1989    132       113,784    
6,800,000    06/22/89    MAI APPRAISAL
105     1     OFFICE            WESTFIELD         NJ   07091   1989    N/A        48,114     7,400,000  
 07/19/89    MAI APPRAISAL
106     1     LODGING           NEW PROVIDENCE    NJ   07974   1983    N/A        31,983   
10,400,000    09/07/88    MAI APPRAISAL
106     2     OFFICE            NEW PROVIDENCE    NJ   07974   1983     76           N/A    N/A       
   N/A         N/A
108     1     RETAIL            WALNUT CREEK      CA   94596   1965    N/A        42,936    
7,500,000    03/09/89    MAI APPRAISAL
109     1     WAREHOUSE         ONTARIO           CA   91761   1987    N/A       175,240    
7,200,000    03/15/89    MAI APPRAISAL
110     1     INDUSTRIAL        SAN JOSE          CA   95134   1985    N/A        96,230    
8,675,000    12/22/87    MAI APPRAISAL
111     1     MULTI-FAMILY      ENCINO            CA   91316   1989     57        70,070    
7,000,000    10/26/89    MAI APPRAISAL
112     1     OFFICE            ST CHARLES        IL   60174   1986     17        56,323     5,743,725   
08/21/89    MAI APPRAISAL
112     2     OFFICE            ST CHARLES        IL   60174   1988    N/A        14,231     1,106,275  
 08/21/89    MAI APPRAISAL
113     1     RETAIL            NORWOOD           MA   02062   1989    N/A        46,582    
5,600,000    03/17/94    MAI APPRAISAL
114     1     RETAIL            SPRINGFIELD       NJ   07081   1984    N/A        34,050    
5,640,000    09/19/89    MAI APPRAISAL
114     2     RETAIL            NORTH PLAINFIEL   NJ   07060   1988    N/A        14,000    
2,660,000    09/19/89    MAI APPRAISAL
115     1     OFFICE            MONROEVILLE       PA   15146   1991    N/A        51,951    
6,630,000    01/01/91    MAI APPRAISAL
116     1     RETAIL            MESA              AZ   85201   1980    N/A        71,338     7,700,000   
12/08/86    MAI APPRAISAL
117     1     RETAIL            CASTRO VALLEY     CA   94546   1989    N/A        36,847    
6,700,000    07/18/89    MAI APPRAISAL
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
ASSET  PROP                                                    YEAR                          PROPERTY    
VALUATION     VALUATION
NO      NO    PROPERTY TYPE     CITY            STATE   ZIP    BUILT   UNITS    NET SF        
VALUE        DATE         SOURCE
<S>     <C>   <C>               <C>               <C>  <C>     <C>     <C>    <C>        <C>           <C>     
    <C>
118     1     RETAIL            ALAMOSA           CO   81101   1993    N/A     91,266     5,800,000   
06/11/92     MAI APPRAISAL
119     1     WAREHOUSE         PISCATAWAY        NJ   08854   1980    N/A    143,690    
6,600,000    01/18/91     MAI APPRAISAL
120     1     RETAIL            FOUNTAIN VALLEY   CA   92708   1986    N/A     41,376    
6,700,000    07/09/87     MAI APPRAISAL
121     1     WAREHOUSE         SAN LEANDRO       CA   94577   1971    N/A    151,049    
7,400,000    03/05/91     MAI APPRAISAL
122     1     OFFICE            ELIZABETH         NJ   07201   1970    N/A    203,225     6,725,000   
05/08/91     MAI APPRAISAL
123     1     MIXED USE         NEW PROVIDENCE    NJ   07974   1973    N/A     91,819    
7,000,000    05/06/88     MAI APPRAISAL
124     1     OFFICE            NEEDHAM           MA   02192   1989    N/A     41,922     7,300,000   
01/08/91     MAI APPRAISAL
125     1     MIXED USE         THOUSAND OAKS     CA   91360   1983    N/A    106,073    
5,957,331    12/13/95     MAI APPRAISAL
126     1     MULTI-FAMILY      FULLERTON         CA   92631   1974    248    163,800    
9,000,000    08/17/86     MAI APPRAISAL
127     1     MULTI-FAMILY      BEAR              DE   19701   1989    138    120,120     6,500,000 
  09/01/88     MAI APPRAISAL
128     1     MULTI-FAMILY      MARIETTA          GA   30067   1975    200    211,596    
6,600,000    09/08/86     MAI APPRAISAL
129     1     OFFICE            LOWER MORELAND    PA   19006   1974    N/A    163,540    
6,600,000    05/11/90     MAI APPRAISAL
130     1     RETAIL            ARNOLD            MD   21102   1987    N/A     55,170     8,225,000   
09/20/88     MAI APPRAISAL
131     1     MULTI-FAMILY      ROSWELL           GA   30076   1987    113    137,746    
6,900,000    01/28/90     MAI APPRAISAL
132     1     MULTI-FAMILY      PERKASIE          PA   18944   1980    160    144,800    
6,000,000    11/07/88     MAI APPRAISAL
133     1     RETAIL            MOSES LAKE        WA   98837   1992    N/A     91,266    N/A          
N/A          N/A
134     1     RETAIL            BROOKINGS         SD   57006   1993    N/A     91,266    N/A          
N/A          N/A
135     1     MULTI-FAMILY      TAMPA             FL   33614   1979    249    146,775    
6,380,000    04/11/90     MAI APPRAISAL
136     1     OFFICE            MILPITAS          CA   95035   1982    N/A     85,040     5,500,000   
12/27/91     MAI APPRAISAL
137     1     OFFICE            EWING             NJ   08628   1984    N/A     50,259     5,900,000   
11/18/88     MAI APPRAISAL
138     1     RETAIL            SILVER SPRINGS    MD   20904   1987    N/A     40,784    
7,300,000    11/20/87     MAI APPRAISAL
139     1     RETAIL            NORTH HOLLYWOOD   CA   91605   1987    N/A     32,497    
6,300,000    09/11/87     MAI APPRAISAL
140     1     OFFICE            PACHECO           CA   94553   1984    N/A     70,610     5,900,000   
05/01/90     MAI APPRAISAL
141     1     WAREHOUSE         HANOVER           MD   21076   1976    N/A     61,645    
1,250,000    05/24/96     APPRAISAL (NON-
142     1     RETAIL            BELMONT           MA   02178   1991      1     58,562     6,100,000   
04/16/93     MAI APPRAISAL
143     1     OFFICE            RENTON            WA   98055   1986    N/A     59,850     5,900,000   
02/20/87     MAI APPRAISAL
144     1     MULTI-FAMILY      LANGHORNE         PA   19047   1978    112    124,264    
6,200,000    01/17/91     MAI APPRAISAL
145     1     INDUSTRIAL        SPRING VALLEY     CA   92078   1989    N/A     82,509    
5,750,000    12/20/90     MAI APPRAISAL
146     1     MULTI-FAMILY      SANTA ROSA        CA   95403   1987    104     90,128    
5,990,000    01/22/91     MAI APPRAISAL
147     1     OTHER             PEBBLE BEACH      CA   93953   1986    N/A     32,888   
15,000,000    11/18/86     MAI APPRAISAL
148     1     OFFICE            BERKELEY          CA   94704   1970    N/A     45,063     5,750,000   
06/13/89     MAI APPRAISAL
149     1     OFFICE            TOWSON            MD   21204   1968    N/A     69,121     8,700,000   
05/08/87     MAI APPRAISAL
150     1     INDUSTRIAL        TINICUM           PA   19113   1988    N/A     60,000     4,500,000 
  08/22/94     MAI APPRAISAL
151     1     MULTI-FAMILY      SIMI VALLEY       CA   93065   1986     88     70,984    
5,750,000    10/09/86     MAI APPRAISAL
152     1     RETAIL            MACON             GA   31206   1985    N/A    101,255     7,890,000   
12/14/88     MAI APPRAISAL
153     1     INDUSTRIAL        PACOIMA           CA   91331   1985    N/A    100,000    
6,500,000    02/15/90     MAI APPRAISAL
154     1     RETAIL            BURKE             VA   22032   1983    N/A     38,463     5,725,000   
11/25/86     MAI APPRAISAL
155     1     MULTI-FAMILY      MANSFIELD         MA   02048   1975    140     93,598    
6,275,000    07/17/89     MAI APPRAISAL
156     1     RETAIL            BELLEVUE          WA   98004   1966    N/A     83,908     9,100,000   
02/19/87     MAI APPRAISAL
157     1     RETAIL            SIMI VALLEY       CA   93063   1987    N/A     34,985     5,600,000  
 10/20/88     MAI APPRAISAL
158     1     RETAIL            IONIA             MI   48846   1992    N/A     91,266    N/A           N/A    
     N/A
159     1     MIXED USE         CHANTILLY         VA   22021   1986    N/A     28,330    
5,440,000    03/11/88     PROSPECTUS
160     1     OTHER             PITTSBURGH        PA   15222   1966    N/A     44,516     8,000,000   
11/20/90     MAI APPRAISAL
161     1     RETAIL            BLADENSBURG       MD   20710   1987    N/A     56,068    
5,300,000    08/26/87     MAI APPRAISAL
162     1     OFFICE            MONROE            WA   98272   1981    N/A     32,905     5,137,000   
11/11/89     MAI APPRAISAL
163     1     WAREHOUSE         PHOENIX           AZ   85009   1989    N/A    264,117    
6,000,000    11/01/89     MAI APPRAISAL
164     1     RETAIL            MITCHELL          SD   57301   1991    N/A     91,266    N/A          
N/A          N/A
165     1     WAREHOUSE         BELLMAWR          NJ   08031   1966    N/A    264,460    
5,900,000    03/31/92     MAI APPRAISAL
166     1     MIXED USE         BRANDON           FL   33511   1984    N/A     62,105     3,700,000 
  08/25/92     MAI APPRAISAL
167     1     RETAIL            LANDOVER          MD   20784   1987    N/A     39,044     6,400,000  
 08/07/87     MAI APPRAISAL
168     1     RETAIL            GREENBELT         MD   20770   1983    N/A     35,793     5,300,000  
 11/20/86     MAI APPRAISAL
169     1     MULTI-FAMILY      MILLBRAE          CA   94030   1989     72     67,525    
7,850,000    03/20/90     MAI APPRAISAL
170     1     RETAIL            DEVIL LAKE        ND   58301   1991    N/A     86,479    N/A          
N/A          N/A
171     1     RETAIL            EL TORO           CA   92630   1979    N/A     59,907     5,500,000   
12/13/85     MAI APPRAISAL
172     1     INDUSTRIAL        MONTVILLE         NJ   07005   1982    N/A     76,160    
4,900,000    03/23/90     MAI APPRAISAL
173     1     RETAIL            OAK RIDGE         TN   37830   1992    N/A    107,806     4,865,000   
04/14/93     MAI APPRAISAL
174     1     WAREHOUSE         LINTHICUM         MD   21090   1987    N/A    140,267    
5,000,000    06/15/87     MAI APPRAISAL
175     1     MIXED USE         BEAVERTON         OR   97005   1989    N/A     25,695    
5,180,000    09/14/89     MAI APPRAISAL
176     1     RETAIL            SACRAMENTO        CA   95825   1989    N/A     29,742    
5,500,000    12/21/88     MAI APPRAISAL
177     1     MIXED USE         CLAKAMAS          OR   97315   1987    N/A     40,883    
4,825,000    04/01/88     MAI APPRAISAL
178     1     OFFICE            WAYNE             NJ   07470   1988    N/A     32,200     5,250,000   
10/01/87     MAI APPRAISAL
179     1     RETAIL            CARROLLTON        GA   30117   1988    N/A     87,990    
3,750,000    11/13/92     MAI APPRAISAL
180     1     RETAIL            DOUGLASVILLE      GA   30384   1987    N/A     46,494    
3,200,000    11/13/92     MAI APPRAISAL
181     1     RETAIL            ALPINE            CA   91901   1979    N/A     71,405     5,700,000   
12/05/88     MAI APPRAISAL
182     1     OFFICE            PHOENIX           AZ   85003   1980    N/A    105,340     3,340,000   
06/01/88     MAI APPRAISAL
182     2     OFFICE            PHOENIX           AZ   85009   1980    N/A     42,342     1,360,000   
06/01/88     MAI APPRAISAL
183     1     OFFICE            ATLANTA           GA   30328   1974      1     44,241     4,920,000   
04/11/86     MAI APPRAISAL
184     1     RETAIL            GREENVILLE        MI   48838   1991    N/A     91,266     4,450,000   
06/15/91     MAI APPRAISAL
185     1     OFFICE            WHITE PLAINS      MD   20695   1988    N/A     89,120     5,175,000 
  10/09/87     MAI APPRAISAL
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ASSET  PROP                                                    YEAR                          PROPERTY    
VALUATION     VALUATION
NO      NO    PROPERTY TYPE     CITY            STATE   ZIP    BUILT   UNITS    NET SF        
VALUE        DATE         SOURCE
<S>     <C>   <C>                <C>               <C>  <C>     <C>     <C>     <C>         <C>           <C>  
      <C>
186     1     RETAIL             THREE RIVERS      MI   49093   1991    N/A      91,264     
4,350,000    07/01/91    MAI APPRAISAL
187     1     OFFICE             LOS GATOS         CA   95030   1977    N/A      35,091      4,600,000 
  03/24/87    MAI APPRAISAL
188     1     MULTI-FAMILY       MINNEAPOLIS       MN   55415   1975     77      49,070     
2,480,000    08/12/91    MAI APPRAISAL
188     2     MULTI-FAMILY       ST PAUL           MN   55101   1979     67      38,884     
2,580,000    08/12/91    MAI APPRAISAL
189     1     WAREHOUSE          EAST RUTHERFORD   NJ   07073   1968      1      95,000     
4,850,000    05/17/90    MAI APPRAISAL
190     1     MIXED USE          SPOKANE           WA   99223   1986    N/A      57,162     
4,460,000    10/07/89    MAI APPRAISAL
191     1     OFFICE             VERNON HILLS      IL   60061   1988    N/A      47,104     
4,435,000    11/11/88    MAI APPRAISAL
192     1     OTHER              ALHAMBRA          CA   91801   1989    N/A      52,685     
4,007,260    01/01/96    MAI APPRAISAL
193     1     OFFICE             STOCKTON          CA   94205   1985      1     201,400      4,700,000   
03/17/88    MAI APPRAISAL
194     1     OFFICE             LONGWOOD          FL   32750   1986    N/A     160,450     
4,170,000    02/19/90    MAI APPRAISAL
195     1     MULTI-FAMILY       RIDGEWOOD         NJ   07450   1968     54      56,128     
4,500,000    11/20/89    MAI APPRAISAL
196     1     RETAIL             RENTON            WA   98058   1987    N/A      32,910      4,150,000   
06/20/89    MAI APPRAISAL
197     1     OFFICE             ALHAMBRA          CA   91801   1980    N/A      33,224     
4,576,000    11/25/85    MAI APPRAISAL
197     2     OFFICE             ALHAMBRA          CA   91801   N/A     N/A         N/A     N/A          
N/A         N/A
197     3     OFFICE             ALHAMBRA          CA   91801   N/A     N/A         N/A     N/A          
N/A         N/A
198     1     RETAIL             OAK RIDGE         TN   37830   1993    N/A      71,440      4,500,000 
  06/22/92    MAI APPRAISAL
199     1     RETAIL             CHICAGO           IL   60641   1987    N/A      35,389      4,100,000   
07/27/89    MAI APPRAISAL
200     1     INDUSTRIAL         ONTARIO           CA   91761   1989    N/A     100,253     
4,200,000    01/18/91    MAI APPRAISAL
201     1     RETAIL             ATLANTA           GA   30339   1972    N/A      99,050      7,000,000  
 03/19/86    MAI APPRAISAL
202     1     MULTI-FAMILY       RALEIGH           NC   27606   1987     97     110,401     
4,250,000    01/10/91    MAI APPRAISAL
203     1     OFFICE             HOUSTON           TX   77079   1974    N/A      37,475      4,500,000  
 05/27/92    MAI APPRAISAL
204     1     MULTI-FAMILY       NORTH HOLLYWOOD   CA   91607   1978     63      63,462   
  4,500,000    03/18/88    MAI APPRAISAL
205     1     OFFICE             NAPERVILLE        IL   60540   1980    N/A      66,557      5,300,000 
  01/15/88    MAI APPRAISAL
206     1     INDUSTRIAL         WOBURN            MA   01801   1974    N/A     107,118     
5,600,000    03/02/90    MAI APPRAISAL
207     1     OFFICE             OAKLAND           CA   94607   1984    N/A      25,300      4,075,000  
 07/15/87    MAI APPRAISAL
208     1     OFFICE             CRAWFORD          NJ   07016   1974    N/A      38,652      4,300,000 
  01/25/90    MAI APPRAISAL
209     1     MULTI-FAMILY       ROBBINS DALE      MN   55425   1976    110      64,017     
4,060,000    09/13/89    MAI APPRAISAL
210     1     MULTI-FAMILY       MARIETTA          GA   30062   1976    454     514,200    
14,200,000    05/14/93    MAI APPRAISAL
211     1     OFFICE             ST PAUL           MN   55114   1991    N/A      78,045      3,980,000   
03/15/91    MAI APPRAISAL
212     1     INDUSTRIAL         SACRAMENTO        CA   95838   1983    N/A      52,710     
2,400,000    05/27/93    MAI APPRAISAL
213     1     OFFICE             MONTVALE          NJ   07645   1978    N/A      29,366      3,845,000 
  02/11/88    MAI APPRAISAL
214     1     OFFICE             NORWALK           CA   90650   1975    N/A      40,500      3,950,000 
  10/16/86    MAI APPRAISAL
215     1     OFFICE             NEW CASTLE        DE   19720   1986    N/A      71,215     
2,200,000    12/04/92    MAI APPRAISAL
216     1     OFFICE             ROHNERT           CA   94928   1987    N/A      39,955      3,940,000  
 02/22/88    MAI APPRAISAL
217     1     OFFICE             ORANGE            CA   92667   1980    N/A     131,401      6,360,000   
05/27/92    MAI APPRAISAL
218     1     OFFICE             CROFTON           MD   21114   1985    N/A      30,000      3,850,000  
 10/22/85    MAI APPRAISAL
219     1     INDUSTRIAL         SPRING VALLEY     CA   91978   1989    N/A      69,651     
3,875,000    09/14/89    MAI APPRAISAL
220     1     MULTI-FAMILY       VAN NUYS          CA   91411   1986     47      56,400     
4,250,000    03/20/87    MAI APPRAISAL
221     1     OFFICE             WASHINGTON        DC   20002   1990    N/A     211,614    
39,000,000    06/01/93    MAI APPRAISAL
222     1     MULTI-FAMILY       ALEXANDRIA        VA   22304   1960    225     240,437     
7,550,000    04/17/87    MAI APPRAISAL
223     1     MIXED USE          SAN RAFAEL        CA   94901   1928    N/A      56,581     
5,000,000    07/30/87    MAI APPRAISAL
224     1     OFFICE             CHATHAM           NJ   07928   1986    N/A      29,882      4,050,000  
 09/22/88    MAI APPRAISAL
225     1     OFFICE             TEMPE             AZ   85280   1986    N/A      60,688      3,850,000   
01/12/87    MAI APPRAISAL
226     1     OFFICE             LISLE             IL   60532   1987    N/A      38,832      3,700,000   
12/09/88    MAI APPRAISAL
227     1     MULTI-FAMILY       BOTHEL            WA   98011   1988     80      76,876     
4,400,000    07/18/88    MAI APPRAISAL
228     1     RETAIL             CLEARWATER        FL   34630   1989    N/A      21,058     
4,010,000    10/11/89    MAI APPRAISAL
229     1     OFFICE             BERKELEY          CA   94710   1950      3      70,000      3,900,000   
12/14/87    MAI APPRAISAL
230     1     OFFICE             PLEASANT HILL     CA   94523   1987    N/A      30,147     
3,800,000    10/20/87    MAI APPRAISAL
231     1     OFFICE             SAN JOSE          CA   95113   1893    N/A      26,201      3,750,000   
02/14/85    MAI APPRAISAL
232     1     MULTI-FAMILY       ROHNERT PARK      CA   94928   1978    100      69,700     
4,080,000    03/16/87    MAI APPRAISAL
233     1     OFFICE             BOULDER           CO   80301   1988      3      41,107      3,650,000   
07/28/93    MAI APPRAISAL
234     1     MANUFACTURED HOU   HIGHLAND          CA   92346   1972    281         N/A     
5,500,000    07/27/88    MAI APPRAISAL
235     1     RETAIL             MONTGOMERY        NJ   08558   1975    N/A      85,106     
4,040,000    10/13/88    MAI APPRAISAL
236     1     OFFICE             TOWSON            MD   21204   1969    N/A      30,300      4,000,000  
 03/30/89    MAI APPRAISAL
237     1     OFFICE             SAN DIEGO         CA   92126   1989    N/A      33,144      3,600,000  
 02/01/89    MAI APPRAISAL
238     1     OFFICE             FAIRFAX           VA   22033   1986    N/A      58,293      3,319,091   
12/13/95    MAI APPRAISAL
239     1     MULTI-FAMILY       LOS ANGELES       CA   90049   1986     27      36,650     
3,900,000    03/25/87    MAI APPRAISAL
240     1     RETAIL             JACKSONVILLE      FL   32256   1990    N/A      31,064     
3,995,000    04/29/91    MAI APPRAISAL
241     1     RETAIL             CLOVERLY          MD   20904   1986    N/A      24,092     
3,800,000    11/06/86    MAI APPRAISAL
242     1     RETAIL             HURST             TX   76053   1973    N/A      55,400      4,500,000   
09/17/86    MAI APPRAISAL
243     1     RETAIL             LA JOLLA          CA   92037   1976    N/A      20,141      3,900,000   
02/29/88    MAI APPRAISAL
244     1     RETAIL             FOX RIVER         IL   60021   1981    N/A      73,013      3,760,000   
09/29/86    MAI APPRAISAL
245     1     WAREHOUSE          VAN NUYS          CA   91406   1987    N/A      50,000     
3,680,000    02/12/88    MAI APPRAISAL
246     1     RETAIL             MIDDLESEX         NJ   08846   1960    N/A      77,477      5,700,000 
  07/25/90    MAI APPRAISAL
247     1     INDUSTRIAL         UPPER MORELAND    PA   19090   1983    N/A      80,800     
3,500,000    05/11/90    MAI APPRAISAL
248     1     MULTI-FAMILY       BOTHELL           WA   98012   1986     90      68,859     
3,925,000    06/17/87    MAI APPRAISAL
249     1     WAREHOUSE          DENVER            CO   80216   1975    N/A     133,903     
3,717,000    10/02/86    MAI APPRAISAL
250     1     OFFICE             FOLCROFT BOROUG   PA   19032   1973    N/A      90,000     
3,550,000    06/21/88    MAI APPRAISAL
251     1     MIXED USE          VENTURA           CA   93003   1984    N/A      44,258     
3,600,000    09/27/85    MAI APPRAISAL
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
ASSET  PROP                                                    YEAR                          PROPERTY    
VALUATION     VALUATION
NO      NO    PROPERTY TYPE     CITY            STATE   ZIP    BUILT   UNITS    NET SF        
VALUE        DATE         SOURCE
<S>     <C>   <C>               <C>               <C>  <C>     <C>     <C>       <C>        <C>           <C>  
      <C>
252     1     INDUSTRIAL        RANCHO CORDOVA    CA   94570   1988    N/A        88,896    
3,600,000    08/18/88    MAI APPRAISAL
253     1     OFFICE            HOUSTON           TX   77079   1979    N/A        89,546     2,600,000  
 07/10/93    MAI APPRAISAL
254     1     MIXED USE         HANOVER           MD   21076   1973    N/A        46,752    
3,400,000    07/31/86    MAI APPRAISAL
255     1     RETAIL            AUGUSTA           GA   30909   1984    N/A        54,187     3,300,000  
 07/22/94    MAI APPRAISAL
256     1     INDUSTRIAL        WARMINSTER        PA   18974   1981    N/A        83,600    
3,620,000    05/14/90    MAI APPRAISAL
257     1     OFFICE            BALTIMORE         MD   21209   1986    N/A        38,088    
3,875,000    05/16/89    MAI APPRAISAL
258     1     INDUSTRIAL        LOS ALAMITOS      CA   90720   1984    N/A        64,864    
3,400,000    07/31/85    MAI APPRAISAL
259     1     MULTI-FAMILY      SHERMAN OAKS      CA   91423   1990     32        34,308    
3,445,000    11/28/90    MAI APPRAISAL
260     1     OFFICE            MAHWAH            NJ   07430   1988    N/A        23,500     3,600,000   
02/05/88    MAI APPRAISAL
261     1     INDUSTRIAL        NORTH HOLLYWOOD   CA   91605   1974      1        49,920    
3,600,000    08/09/88    MAI APPRAISAL
262     1     RETAIL            BOULDER           CO   80302   1976    N/A        38,643     3,560,000  
 03/19/90    MAI APPRAISAL
263     1     RETAIL            MONROE            NC   28110   1989    N/A        54,220     3,600,000   
07/16/89    MAI APPRAISAL
264     1     OFFICE            BOULDER           CO   80301   1991    N/A        30,832     3,200,000  
 03/11/91    MAI APPRAISAL
265     1     OFFICE            AGOURA HILLS      CA   91301   1987    N/A        36,663    
3,111,000    03/22/88    MAI APPRAISAL
266     1     INDUSTRIAL        FORT COLLINS      CO   80525   1988    N/A        57,600    
3,300,000    12/09/87    MAI APPRAISAL
267     1     OFFICE            PISCATAWAY        NJ   08854   1981    N/A        83,200    
3,100,000    01/10/91    MAI APPRAISAL
268     1     OFFICE            CHARLOTTE         NC   28273   1990    N/A       115,200    
3,100,000    04/24/91    MAI APPRAISAL
269     1     MULTI-FAMILY      CARLSBAD          CA   92008   1978     74        56,380    
3,400,000    12/04/86    MAI APPRAISAL
270     1     RETAIL            SANTA ANA         CA   92704   1985    N/A        16,288    
3,200,000    11/22/85    MAI APPRAISAL
271     1     MIXED USE         LOS ANGELES       CA   90064   1985    N/A        20,648    
3,850,000    07/02/85    MAI APPRAISAL
272     1     RETAIL            HOWELL            NJ   07731   1989    N/A        46,065     3,580,000   
09/28/94    MAI APPRAISAL
273     1     OFFICE            BETHESDA          MD   20814   1965    N/A        33,960     3,400,000 
  08/15/89    MAI APPRAISAL
274     1     MULTI-FAMILY      COSTA MESA        CA   92627   1979     60        43,850    
4,350,000    07/22/91    MAI APPRAISAL
275     1     MIXED USE         W LOS ANGELES     CA   90064   1968    N/A        42,780    
5,425,000    08/07/86    MAI APPRAISAL
276     1     MIXED USE         BEVERLY HILLS     CA   90210   1931    N/A        11,830    
4,280,000    02/17/87    MAI APPRAISAL
277     1     MULTI-FAMILY      VAN NUYS          CA   91401   1986     54        47,430    
3,400,000    03/20/87    MAI APPRAISAL
278     1     MULTI-FAMILY      SOMMERVILLE       NJ   08876   1973     88        53,500    
3,875,000    05/17/88    MAI APPRAISAL
279     1     MULTI-FAMILY      BEVERLY HILLS     CA   90210   1963     26        47,510    
4,100,000    09/20/92    MAI APPRAISAL
280     1     MULTI-FAMILY      SACRAMENTO        CA   95831   1986     76        64,244    
3,100,000    12/21/92    MAI APPRAISAL
281     1     OFFICE            LAUREL            MD   20708   1975    N/A        36,861     3,100,000   
01/23/86    MAI APPRAISAL
282     1     WAREHOUSE         DENVER            CO   80210   1982    N/A       202,540    
6,500,000    06/27/90    MAI APPRAISAL
283     1     OFFICE            DOVER             NJ   07801   1984    N/A        23,668     3,200,000   
09/28/89    MAI APPRAISAL
284     1     MULTI-FAMILY      AUSTELL           GA   30001   1971    156       165,094    
2,400,000    06/14/93    MAI APPRAISAL
285     1     RETAIL            BUFFALO GROVE     IL   60090   1986     13        23,109    
3,075,000    05/09/88    MAI APPRAISAL
286     1     RETAIL            CHICAGO           IL   60638   1988    N/A        29,171     3,000,000   
02/27/88    MAI APPRAISAL
287     1     RETAIL            WANTAGE TOWNSHI   NJ   07461   1968    N/A       111,780    
4,800,000    07/19/88    MAI APPRAISAL
288     1     RETAIL            BETHESDA          MD   20814   1960    N/A        20,502    
3,150,000    02/04/86    MAI APPRAISAL
288     2     RETAIL            BETHESDA          MD   20814   N/A     N/A           N/A    N/A          
N/A         N/A
289     1     MULTI-FAMILY      LOS ANGELES       CA   90064   1988    N/A        23,045    
2,744,984    01/01/96    MAI APPRAISAL
290     1     OFFICE            LOS GATOS         CA   95030   1978    N/A        19,880     3,000,000 
  04/01/87    MAI APPRAISAL
291     1     INDUSTRIAL        KENT              WA   98032   1987    N/A        64,088    
3,000,000    04/01/87    MAI APPRAISAL
292     1     WAREHOUSE         CERRITOS          CA   90701   1974    N/A       124,604    
2,650,000    08/16/93    MAI APPRAISAL
293     1     RETAIL            MODESTO           CA   95350   1973    N/A        33,400     3,000,000  
 10/06/86    MAI APPRAISAL
294     1     MIXED USE         VIDALIA           GA   30474   1988    N/A        61,361    
3,930,000    09/09/88    MAI APPRAISAL
295     1     WAREHOUSE         SUNNYVALE         CA   94086   1968    N/A       125,733    
5,000,000    03/12/90    MAI APPRAISAL
296     1     RETAIL            TEMPLE HILL       MD   20748   1968    N/A       119,010    
4,400,000    07/09/86    MAI APPRAISAL
297     1     MULTI-FAMILY      DURHAM            NC   27705   1966    108        92,750    
2,595,000    01/23/90    MAI APPRAISAL
298     1     HEALTH CARE       COLORADO SPRING   CO   80918   1986    N/A        23,227    
2,900,000    02/13/87    MAI APPRAISAL
299     1     RETAIL            ALEXANDRIA        VA   22030   1984    N/A        24,701    
3,000,000    03/19/86    MAI APPRAISAL
300     1     RETAIL            PICO RIVERA       CA   90660   1988    N/A        17,389    
3,000,000    11/03/88    MAI APPRAISAL
301     1     OFFICE            BENSONVILLE       IL   60106   1970    N/A        53,371    
3,000,000    08/15/88    MAI APPRAISAL
302     1     RETAIL            GAITHERSBURG      MD   20879   1986    N/A        26,300    
3,800,000    04/02/87    MAI APPRAISAL
303     1     RETAIL            HIGHLAND PARK     IL   60035   1988    N/A        18,011    
2,875,000    08/01/88    MAI APPRAISAL
304     1     RETAIL            MEDFORD           NJ   08055   1988    N/A        18,331     2,710,000  
 07/25/88    MAI APPRAISAL
305     1     MULTI-FAMILY      ALEXANDRIA        VA   22304   1962    153       159,705    
4,950,000    04/17/87    MAI APPRAISAL
306     1     OFFICE            RALEIGH           NC   27604   1985    N/A        88,227     2,581,477   
01/01/96    MAI APPRAISAL
307     1     MULTI-FAMILY      BEAVERTON         OR   97005   1985     76        63,254    
2,800,000    10/10/85    MAI APPRAISAL
308     1     WAREHOUSE         SAN DIEGO         CA   92126   1979    N/A        55,357    
3,240,000    03/06/89    MAI APPRAISAL
309     1     OFFICE            PHOENIX           AZ   85034   1976      1        52,000     2,700,000   
03/23/89    MAI APPRAISAL
310     1     OFFICE            FREMONT           CA   94538   1977    N/A        24,545     4,100,000  
 12/04/91    MAI APPRAISAL
311     1     RETAIL            CHICAGO           IL   60614   1982    N/A        16,547     2,865,000   
12/19/88    MAI APPRAISAL
312     1     OFFICE            ALHAMBRA          CA   91801   1986    N/A        23,519    
3,350,000    08/17/88    MAI APPRAISAL
313     1     RETAIL            SAN BERNARDINO    CA   92407   1991    N/A        23,672    
2,750,000    02/01/91    MAI APPRAISAL
314     1     OTHER             PACIFIC PALISAD   CA   90272   1987    N/A        25,040    
2,511,334    01/01/96    MAI APPRAISAL
315     1     RETAIL            ASHTON            MD   20861   1986    N/A        19,800     2,775,000   
09/18/86    MAI APPRAISAL
316     1     OFFICE            SUNNYVALE         CA   94089   1978    N/A        43,681    
3,120,000    12/05/86    MAI APPRAISAL
317     1     OFFICE            LACEY             WA   98503   1988    N/A        32,724     2,700,000   
06/09/88    MAI APPRAISAL
318     1     OFFICE            SOUTH PLAINFIEL   NJ   07080   1960    N/A        92,104    
3,600,000    04/10/92    MAI APPRAISAL
319     1     OFFICE            WESTBOROUGH       MA   01581   1982    N/A        17,522    
2,670,000    07/18/89    MAI APPRAISAL
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
ASSET  PROP                                                    YEAR                          PROPERTY    
VALUATION     VALUATION
NO      NO    PROPERTY TYPE     CITY            STATE   ZIP    BUILT   UNITS    NET SF        
VALUE        DATE         SOURCE
<S>     <C>   <C>               <C>               <C>  <C>     <C>     <C>     <C>        <C>           <C>    
    <C>
320     1     MIXED USE         ROCKVILLE         MD   20852   1983    N/A      19,999    
2,675,000    07/30/87    MAI APPRAISAL
321     1     OFFICE            LAWRENCEVILLE     GA   30246   1981    N/A      37,400    
2,675,000    10/23/86    MAI APPRAISAL
322     1     MULTI-FAMILY      SAN DIEGO         CA   92117   1980     88      43,392    
2,900,000    02/25/86    MAI APPRAISAL
323     1     RETAIL            ATLANTA           GA   30319   1987    N/A      13,060     2,690,000   
04/05/88    MAI APPRAISAL
324     1     MULTI-FAMILY      EWING             NJ   08638   1974     96      65,280     3,670,000  
 08/23/94    MAI APPRAISAL
325     1     OFFICE            AUSTIN            TX   78766   1982    N/A      24,000     2,735,000   
05/19/86    MAI APPRAISAL
326     1     RETAIL            BEAVERTON         OR   97005   1989    N/A      29,672     2,850,000 
  01/16/89    MAI APPRAISAL
327     1     RETAIL            IRVING            TX   75063   1986    N/A      26,393     2,800,000   
06/28/91    MAI APPRAISAL
328     1     OFFICE            ST PAUL           MN   55116   1982    N/A      21,836     2,620,000   
05/09/89    MAI APPRAISAL
329     1     RETAIL            WASHINGTON TOWN   NJ   07675   1988    N/A      30,130    
2,401,178    01/01/96    MAI APPRAISAL
330     1     OFFICE            BETHESDA          MD   20816   1986    N/A      19,000     2,000,000   
07/16/87    MAI APPRAISAL
330     2     RETAIL            BETHESDA          MD   20816   1986    N/A       6,500       750,000   
07/16/87    MAI APPRAISAL
331     1     INDUSTRIAL        KIRKLAND          WA   98034   1968    N/A     110,747    
4,100,000    10/03/88    MAI APPRAISAL
332     1     OFFICE            FT COLLINS        CO   80525   1991    N/A      47,500     2,900,000   
03/12/91    MAI APPRAISAL
333     1     MIXED USE         CLOVERLY          MD   20910   1974    N/A      28,060    
2,554,000    02/18/88    MAI APPRAISAL
334     1     OFFICE            RICHARDSON        TX   75081   1983    N/A      64,155     1,900,000 
  05/09/91    MAI APPRAISAL
335     1     MULTI-FAMILY      LILBURN           GA   30247   1980     61      66,295    
2,070,810    05/14/93    MAI APPRAISAL
336     1     RETAIL            TAMPA             FL   33629   1983    N/A      33,050     2,900,000   
07/18/88    MAI APPRAISAL
337     1     RETAIL            VERONA            NJ   07009   1960    N/A     180,193     5,970,000   
03/17/92    MAI APPRAISAL
338     1     RETAIL            WASHINGTON        DC   20005   1985    N/A      14,800    
2,465,000    01/03/86    MAI APPRAISAL
339     1     RETAIL            CHULA VISTA       CA   90210   1960    N/A      48,609    
4,700,000    12/14/90    MAI APPRAISAL
340     1     MULTI-FAMILY      GARDEN GROVE      CA   92644   1973     61      51,210    
3,300,000    07/09/86    MAI APPRAISAL
341     1     OFFICE            BETHESDA          MD   20817   1978    N/A      23,640     2,700,000   
09/26/86    MAI APPRAISAL
342     1     OFFICE            SCHAUMBURG        IL   60195   1968    N/A      75,127    
3,200,000    04/26/89    MAI APPRAISAL
343     1     RETAIL            BOULDER           CO   80301   1989    N/A      22,691     2,800,000   
08/08/89    MAI APPRAISAL
344     1     INDUSTRIAL        COSTA MESA        CA   92627   1960    N/A     153,761    
7,300,000    09/18/91    MAI APPRAISAL
345     1     LODGING           OLNEY             MD   20852   1978    N/A      27,726     2,400,000   
04/23/86    MAI APPRAISAL
346     1     OFFICE            LAKEWOOD          NJ   08701   1988    N/A      55,000     3,400,000  
 12/09/88    MAI APPRAISAL
347     1     RETAIL            CLEARWATER        FL   34618   1954    N/A      75,820    
2,258,576    12/13/95    MAI APPRAISAL
348     1     MULTI-FAMILY      LONG BEACH        CA   90814   1988     59      26,786    
1,750,000    05/10/96    APPRAISAL (NON-
349     1     OFFICE            SUNNYVALE         CA   94086   1977    N/A      25,695     2,500,000 
  04/13/87    MAI APPRAISAL
350     1     RETAIL            ROSWELL           GA   30076   1989    N/A      19,025     2,335,000   
11/17/88    MAI APPRAISAL
351     1     OFFICE            BLOOMINGTON       MN   55420   1987    N/A      40,200    
2,400,000    01/30/90    MAI APPRAISAL
352     1     RETAIL            NAPERVILLE        IL   60540   1988    N/A      15,350     2,325,000   
12/27/88    MAI APPRAISAL
353     1     MIXED USE         LOS ANGELES       CA   91423   1985    N/A      14,843    
3,020,000    03/01/85    MAI APPRAISAL
354     1     MIXED USE         CHARLOTTE         NC   28204   1985    N/A      17,838    
2,500,000    04/13/88    MAI APPRAISAL
355     1     OTHER             PASADENA          CA   91050   1985     13      15,955     2,162,934   
01/01/96    MAI APPRAISAL
356     1     OTHER             WASHINGTON TOWN   NJ   07675   1987    N/A      34,125    
2,132,378    01/01/96    MAI APPRAISAL
357     1     INDUSTRIAL        BALTIMORE         MD   21227   1976    N/A      66,211    
2,750,000    02/10/89    MAI APPRAISAL
358     1     WAREHOUSE         WARMINSTER        PA   18974   1983    N/A      48,700    
2,460,000    05/11/90    MAI APPRAISAL
359     1     INDUSTRIAL        MILPITAS          CA   95035   1981    N/A      35,460    
2,470,000    01/04/85    MAI APPRAISAL
360     1     MIXED USE         NATIONAL CITY     CA   92050   1988    N/A      16,007    
2,275,000    02/24/88    MAI APPRAISAL
361     1     INDUSTRIAL        SCHAUMBURG        IL   60173   1986    N/A      49,860    
2,300,000    03/23/87    MAI APPRAISAL
362     1     OFFICE            MANALAPAN         NJ   07728   1988    N/A      30,848     2,055,361 
  12/13/95    MAI APPRAISAL
363     1     OFFICE            RICHMOND          CA   94804   1974    N/A      36,699     2,150,000   
12/15/89    MAI APPRAISAL
364     1     INDUSTRIAL        GRAND PRAIRIE     TX   75050   1981    N/A      60,000    
1,300,000    12/03/93    MAI APPRAISAL
365     1     MULTI-FAMILY      TARZANA           CA   91356   1986     24      28,144    
2,300,000    03/02/87    MAI APPRAISAL
366     1     OFFICE            LAKEWOOD          CO   80215   1984    N/A      63,419     3,800,000 
  04/14/93    MAI APPRAISAL
367     1     OFFICE            NOVATO            CA   94948   1985    N/A      29,442     2,550,000   
12/11/85    MAI APPRAISAL
368     1     MIXED USE         JEFFERSON         NJ   07871   1989    N/A      17,748    
2,300,000    11/15/88    MAI APPRAISAL
369     1     INDUSTRIAL        FREMONT           CA   94538   1986    N/A      41,000    
2,170,000    02/07/86    MAI APPRAISAL
370     1     RETAIL            LE MESA           CA   92042   1989    N/A      14,598     2,200,000   
07/27/88    MAI APPRAISAL
371     1     OTHER             HOUSTON           TX   77033   1981    N/A     110,037     1,995,396   
01/01/96    MAI APPRAISAL
372     1     OFFICE            CLEAR LAKE        TX   77598   1990    N/A      40,500     2,200,000  
 04/27/90    MAI APPRAISAL
373     1     INDUSTRIAL        CAMARILLO         CA   93010   1986    N/A      40,335    
2,200,000    03/13/89    MAI APPRAISAL
374     1     INDUSTRIAL        GRAND PRAIRIE     TX   75050   1979      1      73,037    
2,400,000    08/03/86    MAI APPRAISAL
375     1     MULTI-FAMILY      REDMOND           WA   98052   1987     40      30,992    
2,300,000    03/01/89    MAI APPRAISAL
376     1     OFFICE            ROCKVILLE         MD   20852   1968    N/A      44,012     2,070,000  
 04/25/86    MAI APPRAISAL
377     1     WAREHOUSE         VOORHEES          NJ   08043   1987    N/A      32,756    
2,140,000    01/06/89    MAI APPRAISAL
378     1     OTHER             HUNTINGTON BEAC   CA   92649   1986    N/A      67,551    
1,946,173    01/01/96    MAI APPRAISAL
379     1     OFFICE            MOUNTAIN VIEW     CA   94043   1974    N/A      43,985    
2,360,000    04/21/85    MAI APPRAISAL
380     1     OFFICE            COLUMBUS          GA   31904   1987    N/A      24,694     2,540,000  
 06/22/88    MAI APPRAISAL
381     1     RETAIL            GERMANTOWN        MD   20874   1985    N/A      24,752    
1,908,140    01/01/96    MAI APPRAISAL
382     1     RETAIL            HAWAIIAN GARDEN   CA   90716   1979    N/A      35,000    
2,300,000    04/25/85    MAI APPRAISAL
383     1     RETAIL            DAYTON BEACH SH   FL   32118   1964    N/A      51,063    
2,460,000    08/17/87    MAI APPRAISAL
384     1     RETAIL            TAMPA             FL   33801   1987    N/A      20,464     2,195,000   
01/08/87    MAI APPRAISAL
385     1     OFFICE            ATLANTA           GA   30318   1968    N/A      47,993     2,280,000   
06/11/87    MAI APPRAISAL
386     1     OFFICE            SARASOTA          FL   34232   1986    N/A      41,814     2,150,000   
05/23/86    MAI APPRAISAL
387     1     RETAIL            ELMWOOD PARK      NJ   07407   1959    N/A      20,104    
2,540,000    12/22/94    MAI APPRAISAL
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ASSET  PROP                                                    YEAR                          PROPERTY    
VALUATION     VALUATION
NO      NO    PROPERTY TYPE     CITY            STATE   ZIP    BUILT   UNITS    NET SF        
VALUE        DATE         SOURCE
<S>     <C>   <C>               <C>               <C>  <C>     <C>     <C>       <C>        <C>           <C>  
      <C>
388     1     OFFICE            OAKLAND           CA   94607   1985    N/A        18,000     2,000,000  
 10/15/85    MAI APPRAISAL
389     1     MULTI-FAMILY      SNELLVILLE        GA   30278   1985     40        51,437    
2,100,000    02/20/90    MAI APPRAISAL
390     1     RETAIL            JACKSONVILLE      FL   32250   1988    N/A        19,910    
2,550,000    04/29/91    MAI APPRAISAL
391     1     MULTI-FAMILY      PORTLAND          OR   97233   1974     70        64,332    
2,120,000    03/14/86    MAI APPRAISAL
392     1     RETAIL            CHICAGO           IL   60618   1987    N/A        14,000     1,945,000   
02/01/88    MAI APPRAISAL
393     1     OFFICE            SAN JOSE          CA   95112   1982    N/A        28,668     2,000,000   
05/14/86    MAI APPRAISAL
394     1     OFFICE            LAFAYETTE         CA   94549   1985    N/A        10,737    
2,000,000    03/17/89    MAI APPRAISAL
395     1     INDUSTRIAL        SOUTH EL MONTE    CA   91733   1974    N/A        94,431    
3,650,000    01/17/86    MAI APPRAISAL
396     1     MIXED USE         LOS ANGELES       CA   90004   1923    N/A         8,485    
2,006,000    03/30/88    MAI APPRAISAL
397     1     RETAIL            CLINTON           MD   20744   1980    N/A        18,961     2,090,000  
 10/11/88    MAI APPRAISAL
398     1     OFFICE            CHERRY HILL       NJ   08034   1968    N/A        16,042       760,000 
  01/05/93    MAI APPRAISAL
399     1     INDUSTRIAL        ONTARIO           CA   91761   1987    N/A        66,122    
2,010,000    01/29/88    MAI APPRAISAL
400     1     RETAIL            JACKSONVILLE      FL   32250   1989    N/A        20,725    
2,250,000    09/26/89    MAI APPRAISAL
401     1     MULTI-FAMILY      LOS ANGELES       CA   90049   1969     36        44,993    
3,147,000    01/14/87    MAI APPRAISAL
402     1     MIXED USE         HANOVER           MD   21076   1971    N/A        30,000    
1,900,000    07/31/86    MAI APPRAISAL
403     1     OFFICE            WEST VILLAGE      CA   91361   1986    N/A        10,675    
1,900,000    03/11/87    MAI APPRAISAL
404     1     OFFICE            SPRINGFIELD       NJ   07081   1987    N/A        13,437     1,900,000 
  01/20/88    MAI APPRAISAL
405     1     MIXED USE         SANTA BARBARA     CA   93108   1984    N/A        12,344    
2,050,000    11/06/84    MAI APPRAISAL
407     1     MIXED USE         ENCINO            CA   91436   1980    N/A        14,406    
3,055,000    03/20/84    MAI APPRAISAL
409     1     MULTI-FAMILY      GULFPORT          FL   33737   1964    121        75,468    
3,740,000    03/01/89    MAI APPRAISAL
410     1     RETAIL            BERWYN            IL   60402   1983    N/A        18,138     1,770,000   
08/22/89    MAI APPRAISAL
411     1     OFFICE            AUSTIN            TX   78704   1975    N/A        65,375     2,710,000   
06/19/74    MAI APPRAISAL
412     1     OFFICE            UNION CITY        CA   94587   1984    N/A        53,184     3,050,000 
  01/31/90    MAI APPRAISAL
413     1     INDUSTRIAL        GLENDALE          CA   91204   1986    N/A        24,462    
1,900,000    08/14/88    MAI APPRAISAL
414     1     OFFICE            LAGUNA HILLS      CA   92653   1984    N/A         9,775    
2,000,000    01/22/85    MAI APPRAISAL
415     1     MIXED USE         FRAZER            PA   19355   1988    N/A        17,800     1,735,000 
  06/16/88    MAI APPRAISAL
416     1     MIXED USE         ORLANDO           FL   32815   1988    N/A         8,900      
920,000    12/04/92    MAI APPRAISAL
417     1     OFFICE            SPRINGFIELD       VA   22153   1987    N/A        28,800    
1,900,000    10/22/87    MAI APPRAISAL
418     1     OFFICE            RALEIGH           NC   27709   1925    N/A        22,000     2,000,000   
10/01/86    MAI APPRAISAL
419     1     RETAIL            LOS ANGELES       CA   90025   1929    N/A         9,860    
2,350,000    11/16/87    MAI APPRAISAL
420     1     RETAIL            GRESHAM           OR   97030   1987    N/A        55,120     2,250,000 
  03/01/87    MAI APPRAISAL
421     1     OFFICE            ATLANTA           GA   30324   1974    N/A        34,340     2,000,000  
 07/21/89    MAI APPRAISAL
422     1     OTHER             DECATUR           GA   30035   1974    N/A       113,980     1,593,168 
  12/13/95    MAI APPRAISAL
423     1     WAREHOUSE         ANAHEIM           CA   92806   1976    N/A        51,583    
2,150,000    10/23/86    MAI APPRAISAL
424     1     RETAIL            PALM HARBOR       FL   34684   1986    N/A        13,183    
1,725,000    10/12/87    MAI APPRAISAL
425     1     OFFICE            WALNUT CREEK      CA   94598   1989    N/A         9,356    
1,675,000    05/01/89    MAI APPRAISAL
426     1     MIXED USE         TACOMA            WA   98409   1989    N/A        14,700    
1,700,000    10/16/89    MAI APPRAISAL
427     1     OFFICE            FULLERTON         CA   92635   1978    N/A        27,106    
3,765,000    03/29/89    MAI APPRAISAL
428     1     RETAIL            CHICAGO           IL   60618   1987    N/A         9,608     1,775,000   
02/01/88    MAI APPRAISAL
429     1     WAREHOUSE         NORCROSS          GA   30071   1976    N/A        55,860    
1,815,000    01/29/88    MAI APPRAISAL
430     1     MULTI-FAMILY      HOUSTON           TX   77043   1972    195           N/A    
2,575,000    10/05/73    MAI APPRAISAL
431     1     OFFICE            HINSDALE          IL   60521   1986      5        11,901     1,735,000   
04/22/87    MAI APPRAISAL
432     1     MULTI-FAMILY      HYATTSVILLE       MD   20784   1950    315       139,962    
5,900,000    06/11/90    MAI APPRAISAL
433     1     MULTI-FAMILY      NEWARK            DE   19711   1967     57        47,760    
1,840,000    07/20/89    MAI APPRAISAL
434     1     OFFICE            COLORADO SPRING   CO   80906   1985      1        16,025    
1,720,000    04/03/85    MAI APPRAISAL
435     1     RETAIL            WASHINGTON TOWN   NJ   08012   1986    N/A        22,780    
1,524,443    01/01/96    MAI APPRAISAL
436     1     MIXED USE         RIVERSIDE         CA   92507   1983    N/A        17,580    
1,700,000    03/01/86    MAI APPRAISAL
437     1     OFFICE            FAIRFAX           VA   22031   1972      7        35,855     2,100,000   
10/30/86    MAI APPRAISAL
438     1     RETAIL            KIRKLAND          WA   98033   1988    N/A        13,377    
1,680,000    04/05/89    MAI APPRAISAL
439     1     RETAIL            CRYSTAL LAKE      IL   60014   1987    N/A        14,468    
1,700,500    08/10/87    MAI APPRAISAL
440     2     OFFICE            LISLE             IL   60532   1988    N/A        21,038       875,000   
02/10/89    MAI APPRAISAL
441     1     INDUSTRIAL        FREMONT           CA   94538   1985    N/A        15,840    
1,610,000    11/12/85    MAI APPRAISAL
442     1     WAREHOUSE         TUKWILA           WA   98188   1978      4       154,584    
4,200,000    12/12/84    MAI APPRAISAL
443     1     OFFICE            SANTA ROSA        CA   95401   1977    N/A        11,020    
1,690,000    10/27/86    MAI APPRAISAL
443     2     RETAIL            ROHNERT PARK      CA   94928   1970    N/A        10,370    N/A     
     N/A         N/A
444     1     INDUSTRIAL        SANTA CLARA       CA   95051   1985    N/A        69,460    
6,600,000    05/12/89    MAI APPRAISAL
445     1     INDUSTRIAL        EDISON            NJ   08817   1969    N/A        49,714     2,000,000 
  02/01/91    MAI APPRAISAL
446     1     MIXED USE         MILLTOWN          NJ   08850   1985    N/A        23,810    
3,200,000    04/12/93    MAI APPRAISAL
447     1     OFFICE            LANHAM            MD   20706   1986    N/A        20,659     1,690,000  
 08/26/86    MAI APPRAISAL
448     1     OTHER             WASHINGTON        DC   20018   1987    N/A        34,077    
1,400,000    01/01/96    MAI APPRAISAL
449     1     WAREHOUSE         CARLSBAD          CA   92009   1984    N/A        48,000    
2,830,000    03/10/89    MAI APPRAISAL
450     1     RETAIL            DOVER             NJ   08753   1987    N/A        23,233     1,600,000   
05/01/92    MAI APPRAISAL
451     1     RETAIL            HOUSTON           TX   77037   1980    N/A        25,258     1,430,000  
 10/14/94    MAI APPRAISAL
452     1     MULTI-FAMILY      PORTLAND          OR   97205   1930     42        39,650    
1,825,000    04/13/87    MAI APPRAISAL
453     1     OFFICE            LOS GATOS         CA   95030   1984    N/A        11,924     1,850,000 
  06/08/88    MAI APPRAISAL
454     1     OFFICE            EAGLEWOOD         CO   80110   1980    N/A        30,332    
1,530,300    08/21/86    MAI APPRAISAL
455     1     INDUSTRIAL        TRACY             CA   95376   N/A     N/A           N/A     1,600,000 
  01/24/84    MAI APPRAISAL
456     1     OFFICE            LINCOLNWOOD       IL   60646   1987    N/A        15,420    
1,475,000    03/08/88    MAI APPRAISAL
457     1     MULTI-FAMILY      LOS ANGELES       CA   90049   1972     18        19,400    
1,703,000    04/07/86    MAI APPRAISAL
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
ASSET  PROP                                                    YEAR                          PROPERTY    
VALUATION     VALUATION
NO      NO    PROPERTY TYPE     CITY            STATE   ZIP    BUILT   UNITS    NET SF        
VALUE        DATE         SOURCE
<S>     <C>   <C>               <C>               <C>  <C>     <C>     <C>       <C>        <C>           <C>  
      <C>
458     1     OFFICE            ATLANTA           GA   30341   1970    N/A        44,100     1,465,000  
 02/28/90    MAI APPRAISAL
459     1     INDUSTRIAL        PACHECO           CA   94553   1985    N/A        27,529    
1,700,000    01/01/90    MAI APPRAISAL
460     1     OFFICE            WILMETTE          IL   60091   1980    N/A        18,137     1,500,000   
02/12/87    MAI APPRAISAL
461     1     OFFICE            WALNUT CREEK      CA   94598   1970    N/A        12,050    
1,700,000    04/10/87    MAI APPRAISAL
462     1     OFFICE            SANTA BARBARA     CA   93110   1967    N/A        12,270    
2,200,000    04/06/88    MAI APPRAISAL
463     1     INDUSTRIAL        UNION             NJ   07083   1976    N/A        50,000     2,660,000 
  09/28/93    MAI APPRAISAL
464     1     OFFICE            ALAMO             CA   94507   1976    N/A        13,000     2,250,000   
09/19/86    MAI APPRAISAL
465     1     OFFICE            DENVER            CO   80203   1964    N/A        45,426     3,205,000   
11/24/86    MAI APPRAISAL
466     1     INDUSTRIAL        SANTEE            CA   92071   1973    N/A        34,540    
1,615,000    04/04/89    MAI APPRAISAL
467     1     OFFICE            DALLAS            TX   75287   1982    N/A        52,615     1,750,000   
04/23/90    MAI APPRAISAL
468     1     OFFICE            AUSTIN            TX   78701   1984    N/A         9,520     1,400,000   
05/06/86    MAI APPRAISAL
469     1     RETAIL            GERMANTOWN        MD   20874   1984    N/A        34,274    
1,278,138    12/13/95    MAI APPRAISAL
470     1     RETAIL            FULLERTON         CA   92631   1967    N/A        10,985    
1,475,000    03/12/87    MAI APPRAISAL
471     1     OFFICE            GLEN ELLYN        IL   60137   1983    N/A        11,880     1,400,000 
  04/18/86    MAI APPRAISAL
472     1     MIXED USE         NORTHVALE         NJ   07647   1962    N/A        26,000    
1,500,000    08/12/88    MAI APPRAISAL
473     1     RETAIL            DES PLAINES       IL   60018   1987    N/A        10,005     1,400,000  
 02/22/88    MAI APPRAISAL
474     1     INDUSTRIAL        VISTA             CA   92083   1988    N/A        21,086     1,400,000 
  03/23/89    MAI APPRAISAL
475     1     OFFICE            SANTA ROSA        CA   95401   1980    N/A        23,457    
1,450,000    01/19/87    MAI APPRAISAL
476     1     WAREHOUSE         RANCHO CORDOVA    CA   95670   1984    N/A        38,400   
 1,350,000    01/24/90    MAI APPRAISAL
477     1     OFFICE            LA MESA           CA   91942   1980    N/A        16,027     1,340,000   
01/29/86    MAI APPRAISAL
478     1     RETAIL            WEST COVINA       CA   91791   1967    N/A        10,867    
1,550,000    06/05/87    MAI APPRAISAL
479     1     OFFICE            CHAMBLEE          GA   30084   1968    N/A        60,467    
1,600,000    10/11/84    MAI APPRAISAL
480     1     INDUSTRIAL        ROSWELL           GA   30201   1984    N/A        16,864    
1,300,000    06/18/87    MAI APPRAISAL
481     1     INDUSTRIAL        TRACY             CA   95376   1981    N/A        50,000    
1,400,000    01/01/84    MAI APPRAISAL
482     1     OFFICE            SAN FRANCISCO     CA   94100   1981    N/A        97,229    
9,700,000    10/18/93    MAI APPRAISAL
483     1     OFFICE            HANOVER           MD   21076   1974    N/A        15,040     1,413,000 
  11/20/87    MAI APPRAISAL
484     1     MULTI-FAMILY      HOUSTON           TX   77067   1979    160       108,512    
1,230,170    06/01/92    MAI APPRAISAL
485     1     MIXED USE         SANTA ANA         CA   92704   1982     29        27,860    
1,350,000    01/29/86    MAI APPRAISAL
486     1     OFFICE            CASTRO VALLEY     CA   94546   1987    N/A         8,056    
1,500,000    07/01/89    MAI APPRAISAL
487     1     INDUSTRIAL        CARLSBAD          CA   92008   1970    N/A       103,700    
4,600,000    10/15/86    MAI APPRAISAL
488     1     OFFICE            BAKERSFELD        CA   93309   1987    N/A        30,053    
1,186,708    08/03/92    PROSPECTUS
489     1     MULTI-FAMILY      SANTA ROSA        CA   95406   1971     32        17,280    
1,250,000    05/08/86    MAI APPRAISAL
490     1     WAREHOUSE         ORANGE            CA   92667   1971    N/A        41,600    
1,382,000    07/26/93    MAI APPRAISAL
491     1     MIXED USE         SARASOTA          FL   34232   1988     10        18,507    
1,200,000    04/21/88    MAI APPRAISAL
492     1     OFFICE            CARLSBAD          CA   92009   1981    N/A        18,000     3,150,000 
  05/01/90    MAI APPRAISAL
493     1     MIXED USE         LOS ANGELES       CA   91423   1986    N/A         7,125    
1,500,000    11/15/85    MAI APPRAISAL
494     1     MIXED USE         FORT WORTH        TX   76114   1978    N/A        21,658    
1,390,000    06/15/81    MAI APPRAISAL
495     1     OFFICE            LAWRENCEVILLE     GA   30245   1988    N/A        13,000    
1,170,000    03/31/88    MAI APPRAISAL
496     1     MULTI-FAMILY      SAN ANTONIO       TX   78229   1977     74        48,420    
1,230,000    07/07/78    MAI APPRAISAL
497     1     MIXED USE         WESTLAKE VILLAG   CA   91362   1985    N/A        18,725    
1,450,000    04/01/93    MAI APPRAISAL
498     1     INDUSTRIAL        SAN RAMON         CA   94583   1982    N/A        21,089    
1,200,000    08/21/86    MAI APPRAISAL
499     1     OFFICE            SEATTLE           WA   98119   1960    N/A        44,695     3,050,000   
07/17/92    MAI APPRAISAL
500     1     RETAIL            PLANO             TX   75023   1986    N/A         6,300     1,070,000   
08/01/86    MAI APPRAISAL
501     1     RETAIL            CREST HILL        IL   60435   1961    N/A        28,000     1,200,000   
07/02/86    MAI APPRAISAL
502     1     OFFICE            LAKE OSWEGO       OR   97035   1981    N/A        15,869    
1,150,000    03/03/86    MAI APPRAISAL
503     1     MIXED USE         LOS ANGELES       CA   90010   1932    N/A        10,480    
2,195,000    12/13/85    MAI APPRAISAL
504     1     OFFICE            WASHINGTON        DC   20036   1900    N/A         5,385    
1,200,000    05/18/88    MAI APPRAISAL
505     1     OFFICE            AUSTELL           GA   30001   1990    N/A        29,547     1,350,000   
04/25/90    MAI APPRAISAL
506     1     RETAIL            BATAVIA           IL   60510   1987    N/A        11,160     1,400,000   
12/01/87    MAI APPRAISAL
507     1     RETAIL            FOX LAKE          IL   60020   1986    N/A        19,430     1,075,000   
11/30/92    MAI APPRAISAL
508     1     RETAIL            MARIETTA          GA   30064   1983    N/A        15,600       919,110  
 12/13/95    MAI APPRAISAL
509     1     OFFICE            RIVERSIDE         CA   92506   1984    N/A        13,031     1,100,000  
 01/25/85    MAI APPRAISAL
510     1     OFFICE            GLENDALE          CA   91204   1989    N/A         9,800     1,000,000  
 03/06/89    MAI APPRAISAL
511     1     OFFICE            ORANGE            CA   92666   1909    N/A        11,612     1,000,000   
01/24/85    MAI APPRAISAL
512     1     OFFICE            CARROLLTON        TX   75006   1987    N/A        28,000      
980,000    02/03/87    MAI APPRAISAL
513     1     OFFICE            WHITEMARSH        PA   19462   1988    N/A         8,400      
965,000    03/13/89    MAI APPRAISAL
514     1     MULTI-FAMILY      HYATTSVILLE       MD   20784   1957    105        81,051    
3,100,000    06/11/90    MAI APPRAISAL
515     1     RETAIL            SAN ANTONIO       TX   78217   1984    N/A        46,218    
1,100,000    12/20/91    MAI APPRAISAL
516     1     OFFICE            HOUSTON           TX   77084   1978    N/A        60,100     1,312,000  
 11/15/78    MAI APPRAISAL
517     1     MULTI-FAMILY      TAMPA             FL   33604   1984     49        33,568      
867,919    01/01/96    MAI APPRAISAL
518     1     MULTI-FAMILY      LOS ANGELES       CA   90035   1965     24        14,112    
1,520,000    01/14/87    MAI APPRAISAL
519     1     MULTI-FAMILY      LOS ANGELES       CA   90025   1966     21        26,372    
1,575,000    01/14/87    MAI APPRAISAL
520     1     RETAIL            CREST HILL        IL   60435   1961    N/A        60,000     1,375,000   
03/16/89    MAI APPRAISAL
521     1     OFFICE            DENVER            CO   80203   1957    N/A        14,864     1,321,000   
03/06/87    MAI APPRAISAL
522     1     MIXED USE         WASHINGTON        DC   20036   1925    N/A         3,000    
1,100,000    05/14/87    MAI APPRAISAL
523     1     RETAIL            AUSTIN            TX   78758   1883    N/A        29,898     1,570,000   
01/16/92    MAI APPRAISAL
524     1     RETAIL            PORTLAND          OR   97266   1983    N/A        13,916     1,275,000 
  11/03/86    MAI APPRAISAL
525     1     RETAIL            LEWISVILLE        TX   75067   1984    N/A        15,539       965,000 
  02/28/92    MAI APPRAISAL
526     1     MIXED USE         VALRICO           FL   33594   1988    N/A        19,597       850,000 
  12/30/91    MAI APPRAISAL

</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ASSET  PROP                                                    YEAR                          PROPERTY    
VALUATION     VALUATION
NO      NO    PROPERTY TYPE     CITY            STATE   ZIP    BUILT   UNITS    NET SF        
VALUE        DATE         SOURCE
<S>     <C>   <C>               <C>               <C>  <C>     <C>     <C>       <C>         <C>          <C>  
      <C>
527     1     OFFICE            ATLANTA           GA   30342   1984    N/A         9,150       851,000   
07/25/85    MAI APPRAISAL
528     1     OFFICE            SANTA BARBARA     CA   93101   1982    N/A         5,550      
950,000    03/24/87    MAI APPRAISAL
529     1     OFFICE            SAN ANTONIO       TX   78217   1983    N/A        30,373      
850,000    12/20/91    MAI APPRAISAL
530     1     OFFICE            DENVER            CO   80207   1973    N/A        48,484     1,260,000   
05/16/86    MAI APPRAISAL
531     1     INDUSTRIAL        LYNDHURST         NJ   07071   1968    N/A        30,000    
2,400,000    05/04/90    MAI APPRAISAL
532     1     OFFICE            ORLANDO           FL   32824   1988    N/A        29,550     1,000,000   
09/23/88    MAI APPRAISAL
533     1     RETAIL            MULWAUKIE         OR   97267   1987    N/A        10,400    
1,010,000    05/06/87    MAI APPRAISAL
534     1     MULTI-FAMILY      JACINTO CITY      TX   77029   1975    122        88,320    
1,570,000    02/12/74    MAI APPRAISAL
535     1     OFFICE            RENTON            WA   98055   1979    N/A        21,218     1,550,000   
11/01/85    MAI APPRAISAL
536     1     RETAIL            SAN BERNARDINO    CA   92410   1987    N/A         5,900      
834,000    02/09/87    MAI APPRAISAL
537     1     OFFICE            PORTLAND          OR   97210   1971    N/A        46,386     1,010,000 
  08/15/86    MAI APPRAISAL
538     1     OFFICE            LOS ANGELES       CA   90041   1966    N/A         8,500       897,140 
  02/07/95    MAI APPRAISAL
539     1     MULTI-FAMILY      AUSTIN            TX   78741   1973    112        87,660    
1,690,000    01/17/73    MAI APPRAISAL
540     1     RETAIL            SAN ANTONIO       TX   78245   1984    N/A        20,028    
1,150,000    12/19/91    MAI APPRAISAL
541     1     WAREHOUSE         ANAHEIM           CA   92806   1978    N/A        16,800      
770,000    09/23/86    MAI APPRAISAL
542     1     OFFICE            DELRAN            NJ   08075   1972    N/A        34,707     1,165,000   
07/22/88    MAI APPRAISAL
543     1     OFFICE            CARROLLTON        TX   75212   1983    N/A        44,800      
840,000    11/07/91    MAI APPRAISAL
544     1     INDUSTRIAL        IRVING            TX   75060   1979    N/A        40,000       925,000 
  11/29/88    MAI APPRAISAL
545     1     OTHER             ATLANTA           GA   30336   1975    N/A           N/A     1,075,700   
02/01/96    PROSPECTUS
546     1     MULTI-FAMILY      ATLANTA           GA   30305   1962     40        33,960    
1,195,000    06/29/87    MAI APPRAISAL
547     1     RETAIL            CHULA VISTA       CA   92002   1982    N/A        22,777    
2,920,000    12/05/94    MAI APPRAISAL
548     1     RETAIL            HOUSTON           TX   77084   1982    N/A        19,195       525,000   
12/20/91    MAI APPRAISAL
549     1     OFFICE            HOUSTON           TX   77043   1982    N/A        30,498       760,000   
03/01/91    MAI APPRAISAL
550     1     OFFICE            SPOKANE           WA   99212   1985    N/A         8,900       735,000   
06/01/86    MAI APPRAISAL
551     1     OTHER             LAKEWOOD          NJ   08701   1989    N/A        37,500       495,628 
  12/13/95    MAI APPRAISAL
552     1     WAREHOUSE         ALPHARETTA        GA   30340   1985    N/A        13,644      
770,000    11/10/86    MAI APPRAISAL
553     1     MIXED USE         DENVER            CO   80202   1888    N/A        14,739      
500,000    04/05/92    MAI APPRAISAL
554     1     OFFICE            ATLANTA           GA   30354   1958    N/A        34,805       550,000   
08/05/87    MAI APPRAISAL
555     1     OFFICE            DALLAS            TX   75231   1981    N/A         6,811       475,000   
04/30/81    MAI APPRAISAL
556     1     OFFICE            SKOKIE            IL   60077   1969    N/A        12,500       825,000   
02/01/96    PROSPECTUS
557     1     INDUSTRIAL        SANTA ROSA        CA   95401   1984    N/A        10,950      
685,000    05/10/89    MAI APPRAISAL
558     1     RETAIL            CHICAGO           IL   60634   1987    N/A         8,053       417,141   
12/13/95    MAI APPRAISAL
559     1     MIXED USE         AUSTIN            TX   78723   1985    N/A        15,443       445,000  
 01/16/92    MAI APPRAISAL
560     1     RETAIL            NEWHALL           CA   91321   1977    N/A        28,556     2,690,000 
  10/10/84    MAI APPRAISAL
561     1     OFFICE            EAGLEWOOD         CO   80112   1984    N/A         7,956      
279,000    01/10/92    MAI APPRAISAL
562     1     INDUSTRIAL        SAN ANTONIO       TX   78218   1982    N/A        16,284      
250,000    12/20/91    MAI APPRAISAL
563     1     RETAIL            RICHARDSON        TX   75081   1983    N/A         6,176    
1,400,000    03/17/87    MAI APPRAISAL
564     1     INDUSTRIAL        SAN ANTONIO       TX   78265   1983      1         8,619      
150,000    12/20/91    MAI APPRAISAL
</TABLE>
<PAGE>
                 MIDLAND LOAN SERVICES, L.P. - MASTER SERVICER
             LOAN PORTFOLIO ANALYSIS SYSTEM - PROPERTY PERFORMANCE

                  PORTFOLIO: SASCO SERIES 1996 - CFL (CONFED)
                         REPORTING PERIOD: AUGUST, 1996
                            DATE PRINTED: 27-AUG-96
<TABLE>
<CAPTION>
             BASELINE OR                                      MOST       YTD       YTD
ASSET  PROP  MOST RECENT     NOI                           RECENT YTD   PERIOD    PERIOD   
                     PERCENT
NO     NO    ANNUAL  NOI    AS OF     NOI SOURCE              NOI       BEGIN     ENDING     
YTD NOI SOURCE     OCCUPIED    AS OF
<S>    <C>   <C>           <C>        <C>                   <C>          <C>       <C>        <C>                
<C>      <C>
001     1     5,145,695    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     88.9%   3/20/96
002     1     3,601,300    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     97.0%   11/16/95
003     1     3,163,196    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
    100.0%   12/31/95
004     1     3,442,862    2/14/96    1994 NORMALIZED AN    1,004,423    1/1/96    5/31/96   
BORROWER             82.4%   5/30/96
005     1     3,311,897    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     94.0%   12/31/95
006     1     2,153,255    2/14/96    1995 Static Analys      629,903    1/1/96    4/30/96   
BORROWER             80.0%   3/16/96
007     1     2,197,293    2/14/96    1994 Normalized An    1,143,788    1/1/96    6/30/96   
BORROWER             96.0%   6/25/96
008     1     2,666,444    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     97.0%   6/1/95
009     1     1,206,441    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     95.0%   6/15/95
009     2     1,024,405    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     94.0%   6/14/95
010     1       485,000    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    86.0%   3/31/96
010     2     1,205,000    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     99.0%   3/31/96
010     3       530,000    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    92.6%   3/31/96
010     4       290,000    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    96.0%   3/31/96
011     1     3,042,376    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A               
  90.0%   6/15/95
012     1     1,945,801    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     98.0%   6/1/95
013     1     2,517,529    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A               
 100.0%   3/26/96
014     1     2,123,825    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     97.3%   12/31/95
015     1     2,381,475    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A            
    100.0%   6/24/95
016     1     1,831,289    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     99.0%   3/8/96
017     1     1,489,774    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     92.0%   6/11/95
018     1     1,641,810    2/14/96    1994 Normalized An    1,128,375    1/1/96    6/30/96   
BORROWER             51.0%   3/11/96
019     1     2,596,203    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     99.0%   12/19/95
020     1     1,620,197    2/14/96    1994 Normalized An    1,162,794    1/1/96    6/30/96   
BORROWER             98.0%   3/26/96
021     1     1,528,456    2/14/96    1994 Normalized An      827,745    1/1/96    6/30/96   
BORROWER             96.8%   4/30/96
022     1     2,168,702    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     96.0%   12/31/95
023     1     1,684,344    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A               
 100.0%   3/21/96
024     1     1,194,037    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A               
  96.0%   12/6/95
025     1     1,098,577    2/14/96    1995 Static Analys      504,297    1/1/96    4/30/96   
BORROWER             97.7%   6/1/96
026     1     2,588,787    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A               
  88.5%   12/31/95
027     1     1,120,850    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A               
  94.4%   6/24/96
028     1     1,259,174    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
    100.0%   2/10/96
029     1     1,223,502    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     99.0%   3/30/95
030     1     2,025,746    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A               
  98.0%   1/1/96
031     1     1,286,957    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     93.0%   2/29/96
032     1     1,124,728    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     90.5%   2/29/96
033     1     1,254,928    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
    100.0%   12/31/95
034     1     1,326,906    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     95.0%   3/31/96
035     1     1,386,858    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
    100.0%   2/1/96
037     1     1,248,984    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A               
 100.0%   12/31/95
038     1     1,111,879    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
    100.0%   5/18/95
039     1       895,456    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    98.0%   12/31/95
040     1     1,304,034    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     93.0%   5/25/96
041     1     1,398,350    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     94.0%   3/27/96
042     1     1,204,931    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     99.0%   2/1/96
043     1     1,009,330    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     86.8%   5/30/96
044     1       397,545    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
044     2       163,848    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
044     3       123,163    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
044     4       258,919    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    94.0%   12/31/95
044     5       208,834    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
045     1     1,084,712    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
    100.0%   12/31/94
046     1     1,032,054    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
    100.0%   12/29/95
047     1     1,042,358    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     99.0%   4/1/96
048     1       908,458    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    99.0%   3/31/96
049     1       924,827    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    92.8%   12/31/95
050     1     1,118,199    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
    100.0%   2/29/96
051     1     1,164,921    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     99.0%   5/30/96
052     1       754,508    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 91.0%   3/1/96
053     1     1,304,183    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A               
  97.0%   6/21/95
054     1       807,511    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    99.0%   6/19/95
055     1       960,384    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    79.0%   4/12/96
056     1     1,068,801    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
    100.0%   7/15/95
057     1     1,023,125    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     98.0%   1/22/96
058     1       789,568    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 87.0%   3/1/96
059     1     1,152,956    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A               
  97.0%   6/12/95
060     1       788,100    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   5/28/96
061     1     1,002,329    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
    100.0%   12/31/95
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
             BASELINE OR                                      MOST       YTD       YTD
ASSET  PROP  MOST RECENT     NOI                           RECENT YTD   PERIOD    PERIOD   
                     PERCENT
NO     NO    ANNUAL  NOI    AS OF     NOI SOURCE              NOI       BEGIN     ENDING     
YTD NOI SOURCE     OCCUPIED    AS OF
<S>    <C>   <C>           <C>        <C>                   <C>          <C>       <C>        <C>                
<C>      <C>
062     1       894,193    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   1/12/96
063     1       898,251    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   2/1/96
064     1       812,396    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   5/16/96
065     1       873,878    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   2/1/96
066     1       956,372    2/14/96    1994 Normalized An      188,991    1/1/96    3/31/96   
BORROWER            100.0%   4/5/96
067     1     1,070,121    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     88.0%   7/12/95
068     1       753,320    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   11/28/95
069     1       528,881    2/14/96    1994 Normalized An      323,477    1/1/96    6/30/96   
BORROWER             88.0%   1/18/96
070     1       856,761    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    93.0%   4/1/96
071     1       727,364    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    99.0%   1/1/96
072     1       820,343    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    98.0%   12/31/95
073     1     1,057,702    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     97.0%   3/20/96
074     1     1,013,868    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
    100.0%   7/23/96
075     1       858,733    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/8/95
076     1       818,911    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   10/31/95
077     1       767,025    2/14/96    1994 Normalized An      400,384    1/1/96    7/31/96   
SPECIAL SERVICER     95.0%   2/18/96
078     1       568,997    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    97.0%   2/28/96
079     1       784,804    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   6/11/96
080     1     1,058,022    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
    100.0%   6/1/95
081     1       817,826    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    94.0%   3/20/96
082     1       583,638    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    98.0%   12/20/95
083     1       661,058    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 92.0%   2/22/96
084     1           N/A    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                 
94.0%   2/9/96
085     1       974,117    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    84.1%   2/27/96
086     1           N/A    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   12/31/95
087     1       691,730    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/7/95
088     1       250,009    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 96.0%   1/20/96
088     2       493,186    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 98.0%   12/20/95
088     3        48,932    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                 
98.0%   12/20/95
088     4       111,790    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 98.0%   12/20/95
088     5        98,598    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                 
98.0%   12/20/95
088     6       106,558    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 98.0%   12/24/95
088     7        69,470    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                 
98.0%   12/20/95
088     8        60,085    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                 
98.0%   12/20/95
089     1           N/A    N/A        N/A                         N/A    N/A       N/A        N/A                
100.0%   8/8/96
090     1     1,093,949    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
    100.0%   2/23/96
091     1       858,786    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
093     1           N/A    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   5/16/96
094     1     1,070,679    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
    100.0%   2/21/96
095     1       718,822    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    93.0%   2/13/96
096     1     1,733,353    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
    100.0%   2/14/95
097     1       868,563    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/21/96
099     1       617,866    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    91.0%   5/1/95
100     1       632,481    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 96.0%   8/31/95
101     1       575,720    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 71.6%   12/19/95
102     1       700,992    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/1/95
103     1       696,966    2/14/96    1994 Operating Sta          N/A    N/A       N/A        N/A                
 91.0%   12/31/95
104     1       566,065    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    94.2%   7/1/96
105     1       710,219    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   2/23/96
106     1     1,027,332    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     86.0%   3/24/95
106     2           N/A    N/A        N/A                         N/A    N/A       N/A        N/A                 
84.2%   12/31/95
108     1       880,843    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    98.0%   6/1/95
109     1       591,161    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/16/95
110     1       784,898    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   2/1/96
111     1       472,287    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/16/95
112     1       526,386    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   3/1/96
112     2       101,410    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   3/1/96
113     1       487,297    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    80.0%   1/31/96
114     1           N/A    2/14/96    Collateral File             N/A    N/A       N/A        N/A                 
95.0%   6/23/95
114     2           N/A    N/A        N/A                         N/A    N/A       N/A        N/A                
100.0%   8/9/95
115     1       573,190    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    94.6%   3/1/96
116     1       709,345    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    81.0%   5/31/95
117     1       517,225    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/27/96
118     1           N/A    2/14/96    Single Tenant's le          N/A    N/A       N/A        N/A                
100.0%   3/18/96
119     1       612,177    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/12/96
120     1       423,318    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    84.0%   6/10/95
121     1       693,669    2/14/96    1995 Static Analys      185,383    1/1/96    4/30/96   
BORROWER             96.3%   3/6/96
122     1       623,508    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/26/96
123     1       847,941    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   6/30/95
124     1       653,379    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/17/95
125     1       692,760    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 84.1%   12/31/95
126     1       989,392    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    92.0%   6/26/95
127     1       623,445    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    90.0%   6/14/95
128     1       584,066    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    96.0%   3/26/96
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
             BASELINE OR                                      MOST       YTD       YTD
ASSET  PROP  MOST RECENT     NOI                           RECENT YTD   PERIOD    PERIOD   
                     PERCENT
NO     NO    ANNUAL  NOI    AS OF     NOI SOURCE              NOI       BEGIN     ENDING     
YTD NOI SOURCE     OCCUPIED    AS OF
<S>    <C>   <C>           <C>        <C>                   <C>          <C>       <C>        <C>                
<C>      <C>
129     1       478,828    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   3/1/96
130     1       432,511    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 80.0%   2/28/95
131     1       551,272    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    97.0%   12/31/95
132     1       627,869    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    98.8%   12/31/95
133     1           N/A    2/14/96    Single tenant's le          N/A    N/A       N/A        N/A                
100.0%   3/18/96
134     1           N/A    2/14/96    Single Tenant's le          N/A    N/A       N/A        N/A                
100.0%   11/18/95
135     1       581,528    2/14/96    1994 Normalized An      125,774    1/1/96    3/31/96   
BORROWER             92.0%   6/15/95
136     1       629,183    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   5/16/96
137     1       565,819    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
138     1       488,745    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 97.0%   6/14/96
139     1       420,033    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A             
    87.0%   6/15/95
140     1       517,244    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/13/96
141     1       464,004    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/18/96
142     1       606,417    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/15/95
143     1       624,085    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   2/21/96
144     1       640,551    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/16/95
145     1       411,597    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   5/28/96
146     1       519,383    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    98.0%   7/3/95
147     1     2,051,525    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
    100.0%   12/31/95
148     1       498,381    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    98.6%   2/28/96
149     1       601,271    2/14/96    1995 STATIC ANALYS      567,410    4/1/95    3/31/96   
BORROWER             58.0%   6/17/95
150     1       531,779    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    78.9%   12/31/95
151     1       546,812    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    98.0%   7/17/95
152     1       635,840    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    89.0%   6/6/95
153     1       484,259    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
154     1       564,008    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   4/23/96
155     1       524,428    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    97.9%   2/28/96
156     1       862,614    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 99.0%   3/9/95
157     1       438,872    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    80.0%   6/1/96
158     1           N/A    2/14/96    Single Tenant's le          N/A    N/A       N/A        N/A                
100.0%   11/15/95
159     1       168,795    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 86.0%   1/1/96
160     1     1,325,745    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
    100.0%   2/28/96
161     1       602,609    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   2/1/96
162     1       592,808    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   7/24/96
163     1       587,990    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   3/14/96
164     1           N/A    2/14/96    Single tenant's le          N/A    N/A       N/A        N/A                
100.0%   3/18/96
165     1       664,239    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   7/1/95
166     1       531,970    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 88.0%   7/1/95
167     1       457,138    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    94.7%   2/14/96
168     1       789,832    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    92.0%   4/13/95
169     1       600,648    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    95.3%   1/31/96
170     1           N/A    2/14/96    Single tenant's le          N/A    N/A       N/A        N/A                
100.0%   3/18/96
171     1       494,412    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    95.0%   5/8/95
172     1       448,630    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/22/96
173     1       411,747    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/4/96
174     1       448,966    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/18/96
175     1       638,578    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/18/96
176     1       538,520    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    94.5%   6/11/96
177     1       483,845    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/18/95
178     1       429,655    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    96.6%   6/1/96
179     1       389,087    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    96.8%   6/21/96
180     1       270,190    2/14/96    1995 Static Analys      163,973    1/1/96    5/31/96   
BORROWER             94.3%   6/21/96
181     1       499,799    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    97.9%   7/1/96
182     1       301,922    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   3/31/96
182     2        47,416    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   3/31/96
183     1       468,189    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   2/27/96
184     1           N/A    2/14/96    Single Tenant's le          N/A    N/A       N/A        N/A                
100.0%   11/15/95
185     1       470,457    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   5/8/95
186     1       413,535    2/14/96    Single tenant's le          N/A    N/A       N/A        N/A                
100.0%   11/16/95
187     1       415,211    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 95.0%   6/1/95
188     1       275,199    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    99.0%   6/20/95
188     2       286,316    2/14/96    1994 NORMALIZED AN          N/A    N/A       N/A        N/A     
            97.0%   2/14/95
189     1       492,537    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   8/5/96
190     1       393,902    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   2/1/96
191     1       282,149    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    49.0%   2/29/96
192     1       475,888    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 62.5%   1/31/96
193     1       587,145    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/29/95
194     1       446,621    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   6/22/95
195     1       459,829    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    97.8%   4/9/96
196     1       400,614    2/14/96    1994 Normalized An      125,658    1/1/96    4/30/96   
BORROWER             84.0%   4/30/96
197     1       336,560    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    97.0%   4/17/96
197     2           N/A    N/A        N/A                         N/A    N/A       N/A        N/A                   N/A  
 N/A
197     3           N/A    N/A        N/A                         N/A    N/A       N/A        N/A                   N/A  
 N/A
198     1       440,172    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/4/96
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
             BASELINE OR                                      MOST       YTD       YTD
ASSET  PROP  MOST RECENT     NOI                           RECENT YTD   PERIOD    PERIOD   
                     PERCENT
NO     NO    ANNUAL  NOI    AS OF     NOI SOURCE              NOI       BEGIN     ENDING     
YTD NOI SOURCE     OCCUPIED    AS OF
<S>    <C>   <C>           <C>        <C>                   <C>          <C>       <C>        <C>                
<C>      <C>
199     1       329,496    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   2/1/96
200     1       475,822    2/14/96    1994 Normalized An      130,441    1/1/96    3/31/96   
BORROWER            100.0%   4/5/96
201     1       526,562    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    93.0%   5/1/95
202     1       484,974    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    97.0%   2/22/96
203     1       508,257    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/8/95
204     1       357,323    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    96.8%   3/11/96
205     1       549,321    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    85.0%   3/19/96
206     1       271,201    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   3/1/96
207     1       351,727    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/14/95
208     1       343,533    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/26/96
209     1       445,695    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    99.0%   3/1/96
210     1     1,262,350    2/14/96    1994 Normalized An      543,926    1/1/96    3/31/96   
BORROWER             93.8%   3/31/96
211     1       607,497    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   5/6/96
212     1       210,307    2/14/96    1995 Static Analys      112,203    1/1/96    6/30/96   
BORROWER             86.9%   3/1/96
213     1       217,406    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   4/17/96
214     1       445,499    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/94
215     1       330,531    2/14/96    1995 Static Analys       91,107    1/1/96    4/30/96   
BORROWER             95.0%   2/7/96
216     1       297,797    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    93.0%   2/17/95
217     1       387,876    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   3/1/96
218     1       463,142    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    80.0%   3/1/96
219     1       333,650    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/1/95
220     1       330,748    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/11/95
221     1     3,601,300    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
    100.0%   6/15/95
222     1     1,159,877    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     89.1%   1/1/96
223     1       624,026    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/1/95
224     1       260,404    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   12/31/95
225     1       324,512    2/14/96    10/28/94 Appraisal          N/A    N/A       N/A        N/A                
100.0%   6/18/96
226     1       379,871    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/13/96
227     1       316,001    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    98.0%   12/31/94
228     1       354,805    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/19/95
229     1       632,232    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    49.5%   12/31/95
230     1       262,298    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    96.5%   7/15/96
231     1       367,436    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
232     1       455,446    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A             
    97.0%   6/13/96
233     1       447,510    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   5/31/96
234     1       832,789    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   5/15/95
235     1       605,388    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
236     1       417,107    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/19/96
237     1       268,961    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
238     1       394,598    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 84.8%   2/12/96
239     1       220,823    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/14/95
240     1           N/A    2/14/96    Collateral File             N/A    N/A       N/A        N/A                 
94.0%   6/22/95
241     1       354,897    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 95.0%   6/14/96
242     1       552,165    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
     9.0%   12/31/95
243     1       244,308    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    95.5%   2/16/96
244     1       323,991    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   9/1/95
245     1       231,446    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    86.0%   6/19/95
246     1       687,749    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   6/18/96
247     1       251,967    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
248     1       365,762    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    92.1%   5/31/96
249     1       327,407    2/14/96    1995 Pro Forma - C          N/A    N/A       N/A        N/A               
 100.0%   6/16/95
250     1       257,021    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    87.0%   12/31/95
251     1           N/A    N/A        N/A                         N/A    N/A       N/A        N/A                
100.0%   12/31/95
252     1       271,091    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
253     1           N/A    2/14/96    1994 Operating Sta          N/A    N/A       N/A        N/A                 
83.0%   8/25/95
254     1       383,587    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/1/96
255     1       339,751    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/14/95
256     1       395,551    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/1/96
257     1       289,772    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    99.0%   2/29/96
258     1       210,877    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    76.0%   5/9/95
259     1       263,286    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   1/1/96
260     1       392,325    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/20/96
261     1       440,051    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
262     1       448,454    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   3/12/96
263     1       268,320    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    92.0%   3/31/96
264     1       305,764    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/12/96
265     1       215,121    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    86.5%   3/5/96
266     1       330,234    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/12/96
267     1       328,154    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   3/12/96
268     1       291,957    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
269     1       336,593    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    97.0%   1/31/96
270     1       208,949    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 86.1%   3/5/96
271     1       240,445    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    87.0%   6/24/96
272     1       282,115    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    76.0%   6/19/95
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
             BASELINE OR                                      MOST       YTD       YTD
ASSET  PROP  MOST RECENT     NOI                           RECENT YTD   PERIOD    PERIOD   
                     PERCENT
NO     NO    ANNUAL  NOI    AS OF     NOI SOURCE              NOI       BEGIN     ENDING     
YTD NOI SOURCE     OCCUPIED    AS OF
<S>    <C>   <C>           <C>        <C>                   <C>          <C>       <C>        <C>                
<C>      <C>
273     1       250,265    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 92.0%   6/19/95
274     1       279,447    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A             
    95.0%   12/31/95
275     1       390,866    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 87.0%   4/4/96
276     1       473,104    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A             
    38.0%   6/1/95
277     1       252,094    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    94.0%   6/13/95
278     1       358,681    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    94.0%   12/31/95
279     1       362,687    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/15/96
280     1       226,141    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    95.8%   1/31/96
281     1       303,507    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    96.0%   7/17/96
282     1       809,215    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 94.0%   2/22/96
283     1       347,131    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   1/10/96
284     1       263,325    2/14/96    1994 Normalized An       76,762    1/1/96    6/30/96   
BORROWER             85.0%   6/13/95
285     1       213,375    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    94.3%   2/1/96
286     1       268,950    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   1/16/95
287     1       443,883    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   7/18/95
288     1       314,364    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   7/4/95
288     2           N/A    N/A        N/A                         N/A    N/A       N/A        N/A                   N/A  
 N/A
289     1       344,594    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 77.0%   2/21/96
290     1       239,499    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   6/14/95
291     1       254,219    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/31/95
292     1       234,420    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   5/9/95
293     1       353,278    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    92.0%   1/1/95
294     1       300,983    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/18/96
295     1       447,041    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   11/1/95
296     1       484,942    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 90.6%   2/14/96
297     1       249,555    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    94.0%   12/31/95
298     1       327,897    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   2/27/96
299     1       251,679    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 85.4%   2/22/96
300     1       272,322    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   7/1/96
301     1       204,858    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    84.6%   6/26/96
302     1       267,988    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
303     1       193,262    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    93.8%   3/19/96
304     1       249,327    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   2/1/96
305     1       851,828    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    96.7%   1/1/96
306     1       253,543    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 85.0%   2/11/96
307     1       254,085    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    96.0%   12/31/95
308     1       271,365    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/12/96
309     1       353,282    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   11/1/95
310     1       305,612    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
311     1       197,632    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   5/13/96
312     1       307,879    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    88.0%   2/27/96
313     1           N/A    2/14/96    Collateral File             N/A    N/A       N/A        N/A                
100.0%   6/16/95
314     1       240,745    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    79.0%   5/31/95
315     1       269,117    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   1/1/96
316     1       212,841    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   3/11/96
317     1       259,348    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
318     1       283,563    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   12/31/94
319     1           N/A    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   8/7/96
320     1       205,199    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   2/21/96
321     1       252,152    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    94.0%   12/31/95
322     1       294,441    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    95.0%   12/31/94
323     1       248,346    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/30/95
324     1       337,939    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   5/1/96
325     1       320,919    2/14/96    1994 NORMALIZED AN          N/A    N/A       N/A        N/A     
             N/A    6/28/96
326     1       341,821    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/94
327     1       306,596    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    93.0%   3/21/95
328     1       172,190    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   4/27/95
329     1           N/A    2/14/96    Collateral File (P          N/A    N/A       N/A        N/A                 
61.0%   6/5/95
330     1       278,342    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/1/95
330     2           N/A    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A               
  77.0%   12/31/94
331     1       513,875    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 53.1%   7/31/96
332     1       300,246    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/12/96
333     1       297,261    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   1/1/96
334     1       229,834    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   2/26/96
335     1       221,591    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    91.0%   6/1/96
336     1       240,072    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    89.0%   1/1/96
337     1       745,286    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    99.0%   12/31/95
338     1       298,681    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/3/95
339     1       246,243    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 83.0%   3/1/96
340     1       269,227    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A             
    95.0%   5/1/96
341     1       403,717    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    96.0%   2/1/95
342     1       399,426    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   2/15/96
343     1       296,328    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 93.0%   3/1/96
344     1       649,200    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/18/96
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
             BASELINE OR                                      MOST       YTD       YTD
ASSET  PROP  MOST RECENT     NOI                           RECENT YTD   PERIOD    PERIOD   
                     PERCENT
NO     NO    ANNUAL  NOI    AS OF     NOI SOURCE              NOI       BEGIN     ENDING     
YTD NOI SOURCE     OCCUPIED    AS OF
<S>    <C>   <C>           <C>        <C>                   <C>          <C>       <C>        <C>                
<C>      <C>
345     1       180,343    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    89.6%   3/11/96
346     1       256,863    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
347     1       246,242    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 67.0%   6/7/95
348     1           N/A    2/14/96    1995 STATIC ANALYS       54,187    1/1/96    4/30/96   
SPECIAL SERVICER     75.0%   5/1/96
349     1       234,835    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   4/26/96
350     1       143,073    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 90.0%   2/9/96
351     1       179,346    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 90.0%   3/1/95
352     1       260,046    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   1/1/96
353     1       166,922    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 85.0%   7/11/95
354     1       260,463    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/31/96
355     1       194,495    2/14/96    7/31/95 Income Sta          N/A    N/A       N/A        N/A               
  95.2%   1/31/96
356     1       232,879    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    92.0%   2/19/96
357     1       210,592    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 84.0%   12/31/94
358     1       148,365    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/1/96
359     1       314,828    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   7/12/96
360     1       177,089    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A             
    87.2%   5/1/96
361     1       213,951    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   1/1/96
362     1       327,185    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   1/3/96
363     1       222,019    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/94
364     1       181,964    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   10/1/95
365     1       125,121    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    91.0%   12/31/94
366     1       613,896    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 91.2%   3/1/96
367     1       460,892    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   2/21/95
368     1       167,211    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    97.3%   12/31/95
369     1       217,321    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/5/95
370     1       173,928    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
371     1       221,994    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   12/31/95
372     1       195,471    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   2/28/96
373     1           N/A    2/14/96    NAIOP Income and E          N/A    N/A       N/A        N/A              
  100.0%   12/31/94
374     1       170,990    2/14/96    '94-'95 N.A.I.O.P.          N/A    N/A       N/A        N/A                
100.0%   12/31/94
375     1       537,735    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/29/96
376     1       159,397    2/14/96    1995 STATIC ANALYS          N/A    N/A       N/A        N/A       
          80.0%   8/13/96
377     1       139,920    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/13/96
378     1       201,123    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 92.0%   6/25/95
379     1       255,844    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/7/96
380     1       175,987    2/14/96    Pro Forma Grid              N/A    N/A       N/A        N/A                
100.0%   5/23/95
381     1       237,484    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 58.0%   7/17/95
382     1       473,338    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    80.0%   3/18/96
383     1       228,390    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    91.0%   2/21/96
384     1       218,332    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   1/1/96
385     1       142,814    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 97.5%   3/25/96
386     1       253,132    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/17/96
387     1       311,690    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   8/5/96
388     1       304,498    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/2/96
389     1       140,664    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    98.0%   5/18/95
390     1       188,932    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A             
    92.0%   4/30/95
391     1       187,562    2/14/96    I.R.E.M. Report             N/A    N/A       N/A        N/A                 
94.0%   12/31/94
392     1       184,630    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/8/96
393     1       147,758    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   8/5/96
394     1       152,934    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   6/22/95
395     1       200,498    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   6/9/95
396     1       146,767    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   2/1/96
397     1       229,532    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   6/1/96
398     1       111,153    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    99.7%   7/2/96
399     1       192,555    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A             
    93.0%   6/1/95
400     1       209,100    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A             
    70.6%   3/26/96
401     1       274,816    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
402     1       242,859    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   1/19/96
403     1       140,350    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   2/21/96
404     1       148,457    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/94
405     1       172,683    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/25/96
407     1       191,621    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    76.8%   6/17/96
409     1       261,344    2/14/96    1994 Normalized An      104,914    1/1/96    4/30/96   
BORROWER             97.0%   2/23/96
410     1       168,507    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/94
411     1       304,043    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   1/1/96
412     1       219,307    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   2/15/95
413     1       144,756    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    94.0%   12/31/95
414     1       169,164    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   4/14/95
415     1       189,497    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   5/20/96
416     1       116,102    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    87.0%   5/31/95
417     1       235,485    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   5/14/96
418     1       192,130    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   2/9/96
419     1       213,839    2/14/96    1993 NORMALIZED AN          N/A    N/A       N/A        N/A     
            68.0%   8/13/96
420     1           N/A    2/14/96    Collateral File             N/A    N/A       N/A        N/A                
100.0%   12/31/94
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
             BASELINE OR                                      MOST       YTD       YTD
ASSET  PROP  MOST RECENT     NOI                           RECENT YTD   PERIOD    PERIOD   
                     PERCENT
NO     NO    ANNUAL  NOI    AS OF     NOI SOURCE              NOI       BEGIN     ENDING     
YTD NOI SOURCE     OCCUPIED    AS OF
<S>    <C>   <C>           <C>        <C>                   <C>          <C>       <C>        <C>                
<C>      <C>
421     1       203,400    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   5/9/95
422     1       175,589    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 78.6%   12/31/95
423     1       294,684    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/15/95
424     1       184,944    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   4/1/95
425     1       153,827    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   4/6/95
426     1       173,470    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/1/96
427     1       261,297    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A             
    82.0%   6/2/95
428     1       146,844    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/8/96
429     1       137,683    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/17/96
430     1       310,819    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    95.0%   6/1/95
431     1       154,637    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/27/95
432     1       678,608    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    93.0%   12/28/95
433     1       191,036    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/1/96
434     1           N/A    2/14/96    COLLATERAL FILE             N/A    N/A       N/A        N/A          
       96.0%   8/13/96
435     1       167,486    2/14/96    Pro Forma Normaliz          N/A    N/A       N/A        N/A              
   93.0%   2/19/96
436     1       179,059    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    93.7%   6/18/96
437     1       297,728    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    53.8%   12/31/95
438     1       173,301    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    76.5%   6/21/96
439     1       168,678    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/94
440     2       141,651    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/94
441     1       214,736    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
442     1       446,217    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
443     1       121,319    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    68.2%   3/1/96
443     2           N/A    N/A        N/A                         N/A    N/A       N/A        N/A                 
88.4%   3/1/96
444     1       566,857    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    96.0%   3/12/96
445     1       192,752    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/1/96
446     1       189,853    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   12/31/94
447     1       159,108    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/23/95
448     1       190,354    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 88.1%   2/1/96
449     1       199,987    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/94
450     1           N/A    2/14/96    1994 RENT ROLL and          N/A    N/A       N/A        N/A           
     100.0%   1/12/96
451     1       162,106    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/22/96
452     1       220,396    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    98.0%   5/1/96
453     1       142,487    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    82.0%   9/28/95
454     1       128,019    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/94
455     1       149,935    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   1/11/95
456     1       185,871    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   4/25/96
457     1       154,895    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    94.0%   7/5/95
458     1       110,681    2/14/96    1995 STATIC ANALYS       46,887    1/1/95    4/30/96   
BORROWER            100.0%   5/2/95
459     1        97,375    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   6/17/96
460     1       137,377    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 96.0%   4/22/96
461     1       145,328    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/12/96
462     1       190,313    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/14/96
463     1       298,856    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/29/95
464     1       263,420    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   2/22/96
465     1           N/A    2/14/96    Pro Forma Grid              N/A    N/A       N/A        N/A                  
N/A    N/A
466     1       183,715    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    90.0%   6/21/96
467     1       163,717    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    92.0%   6/1/96
468     1       135,898    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   10/11/95
469     1       161,965    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
 73.0%   7/17/95
470     1       127,547    2/14/96    1993 NORMALIZED AN          N/A    N/A       N/A        N/A     
           100.0%   8/13/96
471     1       197,863    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
472     1       122,102    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
473     1        72,048    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A              
  100.0%   12/31/95
474     1        91,140    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A              
   79.0%   4/11/95
475     1       188,632    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   2/20/96
476     1       100,852    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    64.0%   8/5/96
477     1       110,546    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   4/1/96
478     1       171,239    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/9/95
479     1       199,064    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   5/11/95
480     1           N/A    2/14/96    94-95 N. A. I. O.           N/A    N/A       N/A        N/A                
100.0%   12/21/95
481     1       115,321    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   1/11/95
482     1     1,027,120    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A            
     97.0%   6/1/96
483     1           N/A    2/14/96    1994 Operating Sta          N/A    N/A       N/A        N/A                
100.0%   2/23/95
484     1           N/A    2/14/96    1995 Operating Bud          N/A    N/A       N/A        N/A                
 80.0%   1/25/96
485     1       124,695    2/14/96    1994 Normalized An       61,349    1/1/96    6/30/96   
BORROWER             83.0%   1/31/96
486     1       153,991    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/20/96
487     1       397,488    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    98.0%   12/31/94
488     1       229,067    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/1/96
489     1       141,380    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/10/96
490     1       185,389    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    94.0%   2/1/96
491     1       117,769    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/6/96
492     1       276,104    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/20/96
493     1       123,967    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A             
    85.0%   12/31/94
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
             BASELINE OR                                      MOST       YTD       YTD
ASSET  PROP  MOST RECENT     NOI                           RECENT YTD   PERIOD    PERIOD   
                     PERCENT
NO     NO    ANNUAL  NOI    AS OF     NOI SOURCE              NOI       BEGIN     ENDING     
YTD NOI SOURCE     OCCUPIED    AS OF
<S>    <C>   <C>           <C>        <C>                   <C>          <C>       <C>        <C>                
<C>      <C>
494     1       161,035    2/14/96    1994 Normalized An       87,508    1/1/96    6/30/96   
BORROWER             89.1%   1/1/96
495     1       108,230    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    86.0%   12/31/95
496     1       102,319    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    96.0%   3/31/96
497     1       167,206    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    96.5%   3/12/96
498     1       187,796    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   8/6/96
499     1       334,797    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    83.7%   12/31/95
500     1       102,805    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/21/95
501     1       155,156    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/94
502     1       126,411    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   4/22/96
503     1       132,515    2/14/96    1994 Normalized An       46,158    1/1/96    3/31/96   
BORROWER            100.0%   3/1/96
504     1           N/A    2/14/96    Pro Forma Grid              N/A    N/A       N/A        N/A                  
N/A    N/A
505     1       141,771    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   5/15/95
506     1       126,261    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   4/1/96
507     1        76,105    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A              
  100.0%   3/18/96
508     1        96,243    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                 
88.0%   5/31/95
509     1        75,466    2/14/96    1994 Normalized An       11,239    1/1/96    3/31/96   
BORROWER             55.0%   3/30/95
510     1        94,802    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A              
  100.0%   3/31/96
511     1       118,143    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    69.4%   7/22/96
512     1       111,740    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   4/12/96
513     1        78,661    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A              
  100.0%   12/31/95
514     1       299,160    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    92.4%   12/28/95
515     1       108,024    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    82.0%   6/1/95
516     1       123,711    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/1/96
517     1        90,098    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A              
   97.9%   2/27/96
518     1       135,211    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
519     1        88,339    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A              
  100.0%   12/31/94
520     1       169,337    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/94
521     1       154,810    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/94
522     1        86,859    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A              
  100.0%   2/14/96
523     1       214,668    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    95.0%   3/16/96
524     1       113,275    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
525     1        82,610    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A              
  100.0%   5/24/96
526     1           N/A    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   6/23/95
527     1        71,040    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A              
  100.0%   6/14/96
528     1        94,460    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A              
  100.0%   6/21/96
529     1        86,804    2/14/96    1994 NORMALIZED AN       35,898    3/1/96    5/31/96   
BORROWER             93.0%   6/10/96
530     1       104,884    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/94
531     1       215,167    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/94
532     1        89,451    2/14/96    1993 Normalized An       60,074    1/1/96    6/30/96   
BORROWER            100.0%   5/31/96
533     1       136,651    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/95
534     1       225,651    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    93.0%   1/31/96
535     1       105,460    2/14/96    1993 Normalized An       12,044    1/1/96    2/21/96   
BORROWER             90.0%   12/31/94
536     1        87,689    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A              
  100.0%   6/20/96
537     1       124,301    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/1/96
538     1        99,278    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A              
  100.0%   4/26/95
539     1       259,801    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    96.0%   2/22/96
540     1        75,766    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A              
   57.0%   2/28/95
541     1        76,383    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A              
  100.0%   6/18/96
542     1       197,798    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/26/96
543     1       582,714    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   8/8/96
544     1       130,000    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/5/96
545     1           N/A    N/A        N/A                         N/A    N/A       N/A        N/A                   N/A  
 N/A
546     1       136,111    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   1/1/95
547     1       413,042    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
    82.9%   7/1/96
548     1        97,688    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A              
   94.0%   3/11/96
549     1       104,340    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/19/96
550     1        76,832    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A              
  100.0%   12/31/94
551     1        57,796    2/14/96    1995 Static Analys          N/A    N/A       N/A        N/A                
100.0%   2/5/96
552     1        83,038    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A              
  100.0%   4/27/95
553     1        50,925    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A              
   81.0%   3/8/95
554     1       106,973    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   6/19/96
555     1        37,293    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A              
   50.0%   5/8/96
556     1       146,661    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/13/95
557     1        54,108    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A              
   49.0%   12/31/94
558     1        37,788    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A              
   88.3%   2/12/96
559     1        65,534    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A              
  100.0%   6/1/95
560     1       344,867    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   3/5/96
561     1        68,362    2/14/96    1993 Normalized An          N/A    N/A       N/A        N/A              
  100.0%   7/1/95
562     1        42,832    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A              
  100.0%   3/14/96
563     1       152,866    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A             
   100.0%   12/31/94
564     1        20,384    2/14/96    1994 Normalized An          N/A    N/A       N/A        N/A              
  100.0%   1/24/96
</TABLE>

<PAGE>
                 MIDLAND LOAN SERVICES, L.P. - MASTER SERVICER
                LOAN PORTFOLIO ANALYSIS SYSTEM - ASSET COMMENTS

                  PORTFOLIO: SASCO SERIES 1996 - CFL (CONFED)
                         REPORTING PERIOD: AUGUST, 1996
                            DATE PRINTED: 27-AUG-96

LOAN 001 - 1:

LOAN 002 - 1:

LOAN 003 - 1:

LOAN  004 - 1:     Status Comment: LOAN TRANSFERRED TO SPECIAL SERVICER DUE
TO IMMINENT DEFAULT.

LOAN 005 - 1:

LOAN  006 - 1:     Partial Year Statement Comment:  4/30/96 - NORMALIZED
PROPERTY TAXES, INSURANCE, MANAGEMENT FEES, LEASING COMMISSIONS,
TENANT
IMPROVEMENTS AND REPLACEMENT RESERVES TO BASELINE IN ACCORDANCE
WITH
ANALYSIS PARAMETERS IN THE PSA. NORMALIZED PASS THROUGHS & REPAIRS
& MAINT.
TO BASELINE.

LOAN 007 - 1:

LOAN 008 - 1:

LOAN 009 - 2:

LOAN 009 - 1:

LOAN 010 - 3:

LOAN 010 - 4:

LOAN 010 - 2:

LOAN 010 - 1:

LOAN 011 - 1:

LOAN 012 - 1:

LOAN 013 - 1:

LOAN 014 - 1:

LOAN 015 - 1:

LOAN  016 - 1:     Status Comment: LOAN SCHEDULED TO MATURE IN AUGUST, 1996.
  BORROWER IS SEEKING ALTERNATIVE FINANCING AND HAS REQUESTED A
SHORT TERM
EXTENSION.

LOAN 017 - 1:

LOAN 018 - 1:

LOAN 019 - 1:

LOAN 020 - 1:

LOAN 021 - 1:

LOAN 022 - 1:

LOAN 023 - 1:

LOAN 024 - 1:

LOAN  025 - 1:     Partial Year Statement Comment:  4/30/96 - NORMALIZED
PROPERTY TAXES, INSURANCE, MANAGEMENT FEES, LEASING COMMISSIONS,
TENANT
IMPROVEMENTS AND REPLACEMENT RESERVES TO BASELINE IN ACCORDANCE
WITH
ANALYSIS PARAMETERS IN THE PSA.

LOAN 026 - 1:

LOAN 027 - 1:

<PAGE>

LOAN 028 - 1:

LOAN 029 - 1:

LOAN 030 - 1:

LOAN 031 - 1:

LOAN 032 - 1:

LOAN 033 - 1:

LOAN 034 - 1:

LOAN 035 - 1:

LOAN 037 - 1:

LOAN 038 - 1:

LOAN 039 - 1:

LOAN 040 - 1:

LOAN  041 - 1:     Status Comment: LOAN SCHEDULED TO MATURE IN NOVEMBER,
1996.  BORROWER INDICATES LOAN WILL BE PAID OFF AT MATURITY FROM
ALTERNATIVE
 FINANCING.

LOAN 042 - 1:

LOAN 043 - 1:

LOAN 044 - 5:

LOAN 044 - 4:

LOAN 044 - 3:

LOAN 044 - 1:

LOAN 044 - 2:

LOAN 045 - 1:

LOAN 046 - 1:

LOAN  047 - 1:     Status Comment: LOAN SCHEDULED TO MATURE IN NOVEMBER,
1996.  BORROWER INDICATES LOAN WILL BE PAID OFF AT MATURITY FROM
ALTERNATIVE
 FINANCING.

LOAN 048 - 1:

LOAN 049 - 1:

LOAN 050 - 1:

LOAN 051 - 1:

LOAN 052 - 1:

LOAN 053 - 1:

LOAN 054 - 1:

LOAN 055 - 1:

LOAN 056 - 1:

LOAN 057 - 1:

LOAN 058 - 1:

LOAN 059 - 1:

LOAN 060 - 1:

LOAN 061 - 1:

LOAN 062 - 1:

LOAN 063 - 1:

<PAGE>

LOAN 064 - 1:

LOAN 065 - 1:

LOAN 066 - 1:

LOAN  067 - 1:     Status Comment: LOAN SCHEDULED TO MATURE IN DECEMBER,
1996.

LOAN 068 - 1:

LOAN 069 - 1:

LOAN 070 - 1:

LOAN 071 - 1:

LOAN 072 - 1:

LOAN  073 - 1:     Status Comment: LOAN SCHEDULED TO MATURE IN NOVEMBER,
1996.  BORROWER INDICATES LOAN WILL BE PAID OFF AT MATURITY FROM
ALTERNATIVE
 FINANCING.

LOAN 074 - 1:

LOAN 075 - 1:

LOAN 076 - 1:

LOAN  077 - 1:     Status Comment: LOAN TRANSFERRED TO SPECIAL SERVICER DUE
TO MATURITY.     Partial Year Statement Comment:  7/31/96 - OPERATING
STATEMENT AND NORMALIZATION PROVIDED BY SPECIAL SERVICER.

LOAN 078 - 1:

LOAN 079 - 1:

LOAN 080 - 1:

LOAN 081 - 1:

LOAN 082 - 1:

LOAN 083 - 1:

LOAN 084 - 1:

LOAN 085 - 1:

LOAN 086 - 1:

LOAN  087 - 1:     Status Comment: LOAN SCHEDULED TO MATURE IN NOVEMBER,
1996.  BORROWER INDICATES LOAN WILL BE PAID OFF AT MATURITY FROM
ALTERNATIVE
 FINANCING.

LOAN 088 - 2:

LOAN 088 - 7:

LOAN 088 - 6:

LOAN 088 - 5:

LOAN 088 - 4:

LOAN 088 - 3:

LOAN 088 - 1:

LOAN 088 - 8:

LOAN 089 - 1:

LOAN 090 - 1:

LOAN 091 - 1:

LOAN 093 - 1:

LOAN 094 - 1:

<PAGE>

LOAN 095 - 1:

LOAN 096 - 1:

LOAN 097 - 1:

LOAN 099 - 1:

LOAN 100 - 1:

LOAN 101 - 1:

LOAN 102 - 1:

LOAN 103 - 1:

LOAN 104 - 1:

LOAN 105 - 1:

LOAN 106 - 1:

LOAN 106 - 2:

LOAN 108 - 1:

LOAN 109 - 1:

LOAN 110 - 1:

LOAN 111 - 1:

LOAN 112 - 1:

LOAN 112 - 2:

LOAN 113 - 1:

LOAN 114 - 1:

LOAN 114 - 2:

LOAN 115 - 1:

LOAN 116 - 1:

LOAN 117 - 1:

LOAN 118 - 1:

LOAN 119 - 1:

LOAN 120 - 1:

LOAN  121 - 1:     Status Comment: LOAN  MATURED IN JUNE, 1996.  EXTENSION
REQUEST HAS BEEN APPROVED.  PENDING EXECUTION OF DOCS.     Partial Year
Statement Comment:  4/30/96 - NORMALIZED INSURANCE, MGMT. FEES, LEASING
COMMISSIONS, T. I. & REPLACEMENT RESERVES IN ACCORDANCE W/ ANALYSIS
PARAMETERS IN PSA. EXCLUDED INCOME OF $120,000 FOR  REIMBURSEMENT OF
TENANT
IMPROVEMENTS;  REPAIRS MAINTENANCE SET AT 1995 AMOUNT.

LOAN 122 - 1:

LOAN 123 - 1:

LOAN 124 - 1:

LOAN 125 - 1:

LOAN 126 - 1:

LOAN 127 - 1:

LOAN 128 - 1:

LOAN 129 - 1:

LOAN 130 - 1:

LOAN 131 - 1:

<PAGE>

LOAN 132 - 1:

LOAN 133 - 1:

LOAN 134 - 1:

LOAN  135 - 1:     Partial Year Statement Comment:  3/31/96 - NORMALIZED
PROPERTY TAXES, INSURANCE, MANAGEMENT FEES, AND REPLACEMENT
RESERVES TO
BASELINE IN ACCORDANCE WITH ANALYSIS PARAMETERS IN THE PSA.

LOAN 136 - 1:

LOAN 137 - 1:

LOAN 138 - 1:

LOAN 139 - 1:

LOAN 140 - 1:

LOAN  141 - 1:     Status Comment: LOAN TRANSFERRED TO SPECIAL SERVICER DUE
TO IMMINENT DEFAULT.  SPECIAL SERVICER HAS INDICATED AN INTENT TO
FORECLOSE
OR NEGOTIATE A DPO.

LOAN 142 - 1:

LOAN 143 - 1:

LOAN 144 - 1:

LOAN 145 - 1:

LOAN 146 - 1:

LOAN 147 - 1:

LOAN 148 - 1:

LOAN  149 - 1:     Partial Year Statement Comment:  3/31/96 - NORMALIZED
PROPERTY TAXES, INSURANCE, MANAGEMENT FEES, LEASING COMMISSIONS,
TENANT
IMPROVEMENTS, AND REPLACEMENT RESERVES IN ACCORDANCE WITH
ANALYSIS
PARAMETERS IN THE PSA. 19,500 OF 69,121 SF OFFICE SPACE IS VACANT. OTHER
VACANCY IS FOR STORAGE.

LOAN 150 - 1:

LOAN 151 - 1:

LOAN 152 - 1:

LOAN 153 - 1:

LOAN 154 - 1:

LOAN 155 - 1:

LOAN 156 - 1:

LOAN  157 - 1:     Status Comment: CONSISTENTLY DELINQUENT.

LOAN 158 - 1:

LOAN 159 - 1:

LOAN 160 - 1:

LOAN 161 - 1:

LOAN 162 - 1:

LOAN 163 - 1:

LOAN 164 - 1:

LOAN 165 - 1:

LOAN 166 - 1:

LOAN 167 - 1:

LOAN 168 - 1:

<PAGE>

LOAN 169 - 1:

LOAN 170 - 1:

LOAN 171 - 1:

LOAN 172 - 1:

LOAN 173 - 1:

LOAN 174 - 1:

LOAN 175 - 1:

LOAN 176 - 1:

LOAN 177 - 1:

LOAN  178 - 1:     Status Comment: CHECK FOR JULY PAYMENT WAS RETURNED NSF.

LOAN 179 - 1:

LOAN 180 - 1:

LOAN 181 - 1:

LOAN 182 - 1:

LOAN 182 - 2:

LOAN 183 - 1:

LOAN 184 - 1:

LOAN 185 - 1:

LOAN 186 - 1:

LOAN 187 - 1:

LOAN 188 - 1:

LOAN 188 - 2:

LOAN 189 - 1:

LOAN 190 - 1:

LOAN  191 - 1:     Status Comment: DSCR AS OF 12/31/95 WAS 0.61.  THE
PROPERTY HAD A TENANT DOWNSIZE FROM 29,000 SF TO 8,900 SF.  OCCUPANCY
AS OF
2/29/96 WAS 49%.

LOAN 192 - 1:

LOAN 193 - 1:

LOAN 194 - 1:

LOAN 195 - 1:

LOAN  196 - 1:     Partial Year Statement Comment:  4/30/96 - NORMALIZED
PROPERTY TAXES, INSURANCE, MANAGEMENT FEES, LEASING COMMISSIONS,
AND
REPLACEMENT RESERVES TO BASELINE IN ACCORDANCE WITH ANALYSIS
PARAMETERS IN
THE PSA.

LOAN 197 - 1:

LOAN 197 - 3:

LOAN 197 - 2:

LOAN 198 - 1:

LOAN 199 - 1:

<PAGE>

LOAN  200 - 1:     Status Comment: LOAN MATURED IN APRIL, 1996.  EXTENSION
REQUEST HAS BEEN APPROVED.  PENDING EXECUTION OF DOCS.     Partial Year
Statement Comment:  3/31/96 - NORMALIZED PROPERTY TAXES, INSURANCE,
MANAGEMENT FEES, LEASING COMMISSIONS, TENANT IMPROVEMENTS, AND
REPLACEMENT
RESERVES TO BASELINE IN ACCORDANCE WITH ANALYSIS PARAMETERS IN THE
PSA.

LOAN 201 - 1:

LOAN 202 - 1:

LOAN 203 - 1:

LOAN 204 - 1:

LOAN 205 - 1:

LOAN 206 - 1:

LOAN 207 - 1:

LOAN 208 - 1:

LOAN 209 - 1:

LOAN  210 - 1:     Status Comment: LOAN MATURED IN JULY, 1996.  EXTENSION
REQUEST HAS BEEN APPROVED.  PENDING EXECUTION OF DOCS.

LOAN 211 - 1:

LOAN 212 - 1:

LOAN 213 - 1:

LOAN 214 - 1:

LOAN 215 - 1:

LOAN 216 - 1:

LOAN 217 - 1:

LOAN 218 - 1:

LOAN 219 - 1:

LOAN 220 - 1:

LOAN 221 - 1:

LOAN 222 - 1:

LOAN 223 - 1:

LOAN 224 - 1:

LOAN 225 - 1:

LOAN 226 - 1:

LOAN 227 - 1:

LOAN 228 - 1:

LOAN  229 - 1:     Status Comment: RENT ROLL INDICATES THAT LARGEST TENANT
VACATED 12/31/95.  SECOND LARGEST TENANT IS CURRENTLY RE-NEGOTIATING
THE
CURRENT LEASE THAT EXPIRES 3/31/97.  THE THIRD TENANT HAD THEIR LEASE
EXPIRE
 ON 12/31/95 AND IS CURRENTLY PAYING MONTH TO MONTH RENT.

LOAN 230 - 1:

LOAN 231 - 1:

LOAN 232 - 1:

LOAN 233 - 1:

LOAN 234 - 1:

LOAN 235 - 1:

<PAGE>

LOAN 236 - 1:

LOAN 237 - 1:

LOAN 238 - 1:

LOAN 239 - 1:

LOAN 240 - 1:

LOAN  241 - 1:     Status Comment: LOAN SCHEDULED TO MATURE IN FEBRUARY,
1997.

LOAN  242 - 1:     Status Comment: LOAN SCHEDULED TO MATURE IN DECEMBER,
1996.  PROPERTY IS CURRENTLY UNDER CONTRACT FOR SALE.

LOAN 243 - 1:

LOAN 244 - 1:

LOAN 245 - 1:

LOAN 246 - 1:

LOAN 247 - 1:

LOAN 248 - 1:

LOAN 249 - 1:

LOAN 250 - 1:

LOAN 251 - 1:

LOAN 252 - 1:

LOAN 253 - 1:

LOAN  254 - 1:     Status Comment: BORROWING ENTITY IS RELATED TO LOAN THAT
IS 30+ DAYS DELINQUENT AND IS AT SPECIAL SERVICER.

LOAN 255 - 1:

LOAN 256 - 1:

LOAN 257 - 1:

LOAN 258 - 1:

LOAN 259 - 1:

LOAN 260 - 1:

LOAN 261 - 1:

LOAN 262 - 1:

LOAN 263 - 1:

LOAN 264 - 1:

LOAN 265 - 1:

LOAN 266 - 1:

LOAN 267 - 1:

LOAN 268 - 1:

LOAN 269 - 1:

LOAN 270 - 1:

LOAN 271 - 1:

LOAN 272 - 1:

LOAN 273 - 1:

LOAN 274 - 1:

<PAGE>

LOAN  275 - 1:     Status Comment: LOAN SCHEDULED TO MATURE IN DECEMBER,
1996.  BORROWER INDICATES LOAN WILL BE PAID OFF AT MATURITY FROM
ALTERNATIVE
 FINANCING.

LOAN 276 - 1:

LOAN 277 - 1:

LOAN 278 - 1:

LOAN 279 - 1:

LOAN 280 - 1:

LOAN 281 - 1:

LOAN 282 - 1:

LOAN 283 - 1:

LOAN 284 - 1:

LOAN 285 - 1:

LOAN 286 - 1:

LOAN 287 - 1:

LOAN 288 - 1:

LOAN 288 - 2:

LOAN 289 - 1:

LOAN 290 - 1:

LOAN 291 - 1:

LOAN 292 - 1:

LOAN 293 - 1:

LOAN 294 - 1:

LOAN 295 - 1:

LOAN 296 - 1:

LOAN 297 - 1:

LOAN 298 - 1:

LOAN 299 - 1:

LOAN 300 - 1:

LOAN 301 - 1:

LOAN 302 - 1:

LOAN 303 - 1:

LOAN 304 - 1:

LOAN 305 - 1:

LOAN 306 - 1:

LOAN  307 - 1:     Status Comment: LOAN SCHEDULED TO MATURE IN SEPTEMBER,
1996.  A PAYOFF HAS BEEN QUOTED AND IS EXPECTED AT MATURITY.

LOAN 308 - 1:

LOAN 309 - 1:

LOAN 310 - 1:

LOAN 311 - 1:

LOAN 312 - 1:

<PAGE>

LOAN 313 - 1:

LOAN 314 - 1:

LOAN  315 - 1:     Status Comment: LOAN SCHEDULED TO MATURE IN DECEMBER,
1996.  BORROWER INDICATES LOAN WILL BE PAID OFF AT MATURITY FROM
ALTERNATIVE
 FINANCING.

LOAN 316 - 1:

LOAN 317 - 1:

LOAN 318 - 1:

LOAN 319 - 1:

LOAN 320 - 1:

LOAN 321 - 1:

LOAN 322 - 1:

LOAN 323 - 1:

LOAN 324 - 1:

LOAN  325 - 1:     Status Comment: LOAN TRANSFERRED TO SPECIAL SERVICER DUE
TO MATURITY.

LOAN 326 - 1:

LOAN 327 - 1:

LOAN 328 - 1:

LOAN 329 - 1:

LOAN 330 - 2:

LOAN 330 - 1:

LOAN 331 - 1:

LOAN 332 - 1:

LOAN 333 - 1:

LOAN 334 - 1:

LOAN 335 - 1:

LOAN 336 - 1:

LOAN 337 - 1:

LOAN 338 - 1:

LOAN 339 - 1:

LOAN 340 - 1:

LOAN  341 - 1:     Status Comment: LOAN SCHEDULED TO MATURE IN FEBRUARY,
1997.

LOAN 342 - 1:

LOAN 343 - 1:

LOAN 344 - 1:

LOAN 345 - 1:

LOAN 346 - 1:

LOAN 347 - 1:

LOAN  348 - 1:     Status Comment: LOAN TRANSFERRED TO SPECIAL SERVICER DUE
TO IMMINENT DEFAULT.  SPECIAL SERVICER HAS INDICATED AN INTENT TO
FORECLOSE.
     Partial Year Statement Comment:  4/30/96 - OPERATING STATEMENT AND
NORMALIZATION PROVIDED BY SPECIAL SERVICER.

<PAGE>

LOAN 349 - 1:

LOAN 350 - 1:

LOAN 351 - 1:

LOAN 352 - 1:

LOAN 353 - 1:

LOAN 354 - 1:

LOAN 355 - 1:

LOAN 356 - 1:

LOAN 357 - 1:

LOAN 358 - 1:

LOAN 359 - 1:

LOAN 360 - 1:

LOAN 361 - 1:

LOAN 362 - 1:

LOAN 363 - 1:

LOAN 364 - 1:

LOAN 365 - 1:

LOAN 366 - 1:

LOAN 367 - 1:

LOAN 368 - 1:

LOAN 369 - 1:

LOAN 370 - 1:

LOAN 371 - 1:

LOAN 372 - 1:

LOAN 373 - 1:

LOAN 374 - 1:

LOAN 375 - 1:

LOAN  376 - 1:     Status Comment: LOAN TRANSFERRED TO SPECIAL SERVICER DUE
TO MATURITY.

LOAN 377 - 1:

LOAN 378 - 1:

LOAN 379 - 1:

LOAN 380 - 1:

LOAN 381 - 1:

LOAN 382 - 1:

LOAN 383 - 1:

LOAN 384 - 1:

LOAN 385 - 1:

LOAN 386 - 1:

LOAN 387 - 1:

LOAN 388 - 1:

LOAN 389 - 1:

<PAGE>

LOAN 390 - 1:

LOAN  391 - 1:     Status Comment: LOAN TRANSFERRED TO SPECIAL SERVICER DUE
TO MATURITY.

LOAN 392 - 1:

LOAN 393 - 1:

LOAN 394 - 1:

LOAN 395 - 1:

LOAN 396 - 1:

LOAN 397 - 1:

LOAN 398 - 1:

LOAN 399 - 1:

LOAN 400 - 1:

LOAN 401 - 1:

LOAN  402 - 1:     Status Comment: BORROWING ENTITY IS RELATED TO LOAN THAT
IS 30+ DAYS DELINQUENT AND IS AT SPECIAL SERVICER.

LOAN 403 - 1:

LOAN 404 - 1:

LOAN 405 - 1:

LOAN 407 - 1:

LOAN 409 - 1:

LOAN 410 - 1:

LOAN 411 - 1:

LOAN 412 - 1:

LOAN 413 - 1:

LOAN  414 - 1:     Status Comment: THE PROPERTY IS CURRENTLY VACANT.  THE
BUILDING IS LISTED WITH A REAL ESTATE BROKER AND THEY ANTICIPATE IT
WILL
TAKE 4 TO 6 MONTHS TO FIND A SUITABLE, HEALTH CARE RELATED TENANT.

LOAN 415 - 1:

LOAN 416 - 1:

LOAN 417 - 1:

LOAN 418 - 1:

LOAN  419 - 1:     Status Comment: LOAN TRANSFERRED TO SPECIAL SERVICER DUE
TO IMMINENT DEFAULT.  THE SPECIAL SERVICER HAS INDICATED AN INTENT TO
NEGOTIATE A DISCOUNTED PAYOFF.

LOAN 420 - 1:

LOAN 421 - 1:

LOAN 422 - 1:

LOAN  423 - 1:     Status Comment: LOAN SCHEDULED TO MATURE IN FEBRUARY,
1997.

LOAN 424 - 1:

LOAN  425 - 1:     Status Comment: LOAN SCHEDULED TO MATURE IN SEPTEMBER,
1996.  BORROWER IS OBTAINING ALTERNATIVE FINANCING AND IS EXPECTED TO
PAYOFF
 ON OR BEFORE MATURITY.

LOAN 426 - 1:

LOAN 427 - 1:

<PAGE>

LOAN 428 - 1:

LOAN 429 - 1:

LOAN 430 - 1:

LOAN 431 - 1:

LOAN 432 - 1:

LOAN 433 - 1:

LOAN  434 - 1:     Status Comment: LOAN TRANSFERRED TO SPECIAL SERVICER DUE
TO IMMINENT DEFAULT.

LOAN 435 - 1:

LOAN 436 - 1:

LOAN 437 - 1:

LOAN 438 - 1:

LOAN 439 - 1:

LOAN 440 - 2:

LOAN 441 - 1:

LOAN 442 - 1:

LOAN 443 - 2:

LOAN 443 - 1:

LOAN 444 - 1:

LOAN 445 - 1:

LOAN 446 - 1:

LOAN  447 - 1:     Status Comment: LOAN SCHEDULED TO MATURE IN NOVEMBER,
1996.

LOAN 448 - 1:

LOAN 449 - 1:

LOAN 450 - 1:

LOAN 451 - 1:

LOAN 452 - 1:

LOAN 453 - 1:

LOAN  454 - 1:     Status Comment: BORROWER INDICATED IN A LETTER THAT
FEDERAL EXPRESS PLANS TO VACATE THE BUILDING IN THE SPRING OR
SUMMER OF
1996.  IN ADDITION, LOAN IS SCHEDULED TO MATURE IN DECEMBER, 1996. 
BORROWER
 INDICATED THAT THE PROPERTY IS UNDER CONTRACT TO SELL IN SEPT., 1996.

LOAN 455 - 1:

LOAN 456 - 1:

LOAN  457 - 1:     Status Comment: LOAN SCHEDULED TO MATURE IN AUGUST, 1996.
  BORROWER IS OBTAINING ALTERNATIVE FINANCING AND IS EXPECTING TO
PAYOFF
LOAN SHORTLY AFTER MATURITY.

LOAN  458 - 1:     Partial Year Statement Comment:  4/30/96 - NORMALIZED
BASE RENT TO 95 STATEMENT, PROPERTY TAXES, INSURANCE, MANAGEMENT
FEES,
LEASING COMMISSIONS, TENANT IMPROVEMENTS, AND REPLACEMENT
RESERVES TO
BASELINE IN ACCORDANCE WITH ANALYSIS PARAMETERS IN THE PSA.

LOAN 459 - 1:

LOAN 460 - 1:

LOAN 461 - 1:

<PAGE>

LOAN 462 - 1:

LOAN 463 - 1:

LOAN 464 - 1:

LOAN  465 - 1:     Status Comment: LOAN SCHEDULED TO MATURE IN NOVEMBER,
1996.  BORROWER HAS INDICATED THAT LOAN WILL BE PAID OFF AT MATURITY.

LOAN 466 - 1:

LOAN 467 - 1:

LOAN  468 - 1:     Status Comment: LOAN SCHEDULED TO MATURE IN SEPTEMBER,
1996.  BORROWER INDICATES LOAN WILL BE PAID OFF AT MATURITY FROM
ALTERNATIVE
 FINANCING.

LOAN 469 - 1:

LOAN  470 - 1:     Status Comment: LOAN TRANSFERRED TO SPECIAL SERVICER DUE
TO IMMINENT DEFAULT.

LOAN 471 - 1:

LOAN 472 - 1:

LOAN 473 - 1:

LOAN 474 - 1:

LOAN 475 - 1:

LOAN 476 - 1:

LOAN 477 - 1:

LOAN 478 - 1:

LOAN 479 - 1:

LOAN 480 - 1:

LOAN 481 - 1:

LOAN 482 - 1:

LOAN  483 - 1:     Status Comment: BORROWING ENTITY IS RELATED TO LOAN THAT
IS 30+ DAYS DELINQUENT AND IS AT SPECIAL SERVICER.

LOAN 484 - 1:

LOAN  485 - 1:     Status Comment: LOAN  MATURED IN JUNE, 1996.  EXTENSION
REQUEST HAS BEEN APPROVED.  PENDING EXECUTION OF DOCS.

LOAN 486 - 1:

LOAN 487 - 1:

LOAN 488 - 1:

LOAN 489 - 1:

LOAN 490 - 1:

LOAN 491 - 1:

LOAN 492 - 1:

LOAN 493 - 1:

LOAN 494 - 1:

LOAN  495 - 1:     Status Comment: LOAN SCHEDULED TO MATURE IN DECEMBER,
1996.  BORROWER INDICATES LOAN WILL BE PAID OFF AT MATURITY FROM
ALTERNATIVE
 FINANCING.

LOAN 496 - 1:

LOAN 497 - 1:

<PAGE>

LOAN 498 - 1:

LOAN 499 - 1:

LOAN 500 - 1:

LOAN  501 - 1:     Status Comment: LOAN TRANSFERRED TO SPECIAL SERVICER DUE
TO IMMINENT DEFAULT.

LOAN 502 - 1:

LOAN  503 - 1:     Status Comment: LOAN  MATURED IN APRIL, 1996.  EXTENSION
REQUEST HAS BEEN APPROVED.  PENDING EXECUTION OF DOCS.

LOAN 504 - 1:

LOAN 505 - 1:

LOAN 506 - 1:

LOAN 507 - 1:

LOAN 508 - 1:

LOAN 509 - 1:

LOAN 510 - 1:

LOAN 511 - 1:

LOAN 512 - 1:

LOAN 513 - 1:

LOAN 514 - 1:

LOAN 515 - 1:

LOAN 516 - 1:

LOAN 517 - 1:

LOAN 518 - 1:

LOAN 519 - 1:

LOAN  520 - 1:     Status Comment: LOAN TRANSFERRED TO SPECIAL SERVICER DUE
TO IMMINENT DEFAULT.

LOAN 521 - 1:

LOAN 522 - 1:

LOAN 523 - 1:

LOAN 524 - 1:

LOAN 525 - 1:

LOAN 526 - 1:

LOAN 527 - 1:

LOAN 528 - 1:

LOAN  529 - 1:     Partial Year Statement Comment:  5/31/96 - NORMALIZED
PROPERTY TAXES, INSURANCE, MANAGEMENT FEES AND LEASING
COMMISSIONS TO
BASELINE IN ACCORDANCE WITH ANALYSIS PARAMETERS IN THE PSA.

LOAN  530 - 1:     Status Comment: LOAN SCHEDULED TO MATURE IN SEPTEMBER,
1996.  BORROWER IS OBTAINING ALTERNATIVE FINANCING, AND IS EXPECTED
TO
PAYOFF 30-60 DAYS AFTER MATURITY.

LOAN 531 - 1:

LOAN 532 - 1:

LOAN 533 - 1:

LOAN 534 - 1:

<PAGE>

LOAN  535 - 1:     Partial Year Statement Comment:  2/21/96 - NORMALIZED
PROPERTY TAXES AND INSURANCE TO BASELINE IN ACCORDANCE WITH
ANALYSIS
PARAMETERS IN THE PSA. PROPERTY PURCHASED BY CURRENT BORROWER
EFFECTIVE
11-15-95.

LOAN 536 - 1:

LOAN  537 - 1:     Status Comment: LOAN SCHEDULED TO MATURE IN FEBRUARY,
1997.

LOAN 538 - 1:

LOAN 539 - 1:

LOAN 540 - 1:

LOAN  541 - 1:     Status Comment: LOAN SCHEDULED TO MATURE IN JANUARY,
1997.  BORROWER IS OBTAINING ALTERNATIVE FINANCING AND IS EXPECTED TO
PAYOFF
 AT MATURITY.

LOAN 542 - 1:

LOAN 543 - 1:

LOAN 544 - 1:

LOAN 545 - 1:

LOAN 546 - 1:

LOAN 547 - 1:

LOAN 548 - 1:

LOAN 549 - 1:

LOAN 550 - 1:

LOAN 551 - 1:

LOAN 552 - 1:

LOAN 553 - 1:

LOAN 554 - 1:

LOAN 555 - 1:

LOAN 556 - 1:

LOAN 557 - 1:

LOAN 558 - 1:

LOAN 559 - 1:

LOAN 560 - 1:

LOAN 561 - 1:

LOAN 562 - 1:

LOAN 563 - 1:

LOAN 564 - 1:



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