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<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-------------------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 15, 1999
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE
------------------------------------------------
PASS-THROUGH CERTIFICATE TRUST 1999-1
-------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 33-36743 applied for
- --------------------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS employee
of incorporation) file numbers) identification no.)
1100 Landmark Towers, 345 St. Peter Street, Saint Paul, Minnesota 55102-1639
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (612) 293-3400
Not Applicable
--------------------------------------------------------------
(Former name or former address, if changed since last report.)
<PAGE>
Item 5. Other Events.
Pursuant to the Pooling and Servicing Agreement between Green Tree
Financial Corporation (the "Servicer") and Firstar Trust Company (the
"Trustee"), on July 15, 1999, the Trustee made distributions to the
holders of the certificates representing interests in the Trust (the
"Certificateholders") and delivered to the Certificateholders the
Monthly Report required by Section 6.02 of the Pooling and Servicing
Agreement attached hereto as Exhibit 99.1.
Item 7. Financial Statements and Exhibits
(c) Exhibits.
The following is filed herewith. The exhibit number
corresponds with Item 601(b) of Regulation S-K.
Exhibit No. Description
----------- -----------
99.1 Monthly Report delivered to
Certificateholders on
July 15, 1999.
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated:July 15, 1999
MANUFACTURED HOUSING CONTRACT
SENIOR/SUBORDINATE PASS-THROUGH
CERTIFICATE TRUST 1999-1
By GREEN TREE FINANCIAL CORPORATION
as Servicer with respect to the Trust
By: /s/Phyllis A. Knight
--------------------
PHYLLIS A. KNIGHT
Senior Vice President and Treasurer
<PAGE>
INDEX TO EXHIBITS
Exhibit
Number Page
- ------ ----
99.1 Monthly Report delivered to Certificateholders 5
on July 15, 1999.
<PAGE>
EXHIBIT 99.1
GREEN TREE FINANCIAL CORP.
CERTIFICATE OF SERVICING OFFICER
The undersigned certifies that she is Senior Vice President and Treasurer of
Green Tree Financial Corp., a Delaware corporation (the "Company"), and that as
such she is duly authorized to execute and deliver this certificate on behalf of
the Company pursuant to Section 6.02 of the Pooling and Servicing Agreement (the
"Agreement") dated January 1, 1999, (99-1), between the Company and U.S.Bank
National Association, as Trustee (all capitalized terms used herein without
definition having the respective meanings specified in the Agreement), and
further certifies that:
1. The Monthly Report for the period from May 16, 1999 to June 15, 1999
attached to this certificate is complete and accurate in accordance with
the requirements of Sections 6.01 and 6.02 of the Agreement; and
2. As of the date hereof, no Event of Termination or event that with notice
or lapse of time or both would become an Event of Termination has
occurred.
IN WITNESS WHEREOF, I have affixed hereunto my signature this 25th day of June,
1999.
GREEN TREE FINANCIAL CORP.
BY: /s/Phyllis A. Knight
--------------------
Phyllis A. Knight
Senior Vice President and
Treasurer
<PAGE>
GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT
SENIOR/SUBORDINATE 4.95938%, 5.43%, 5.61%, 5.76%, 6.11%, 6.37%, 6.56%*
PASS-THROUGH CERTIFICATES, SERIES 1999-1
CLASS A1, A2, A3, A4, A5, A6, A7 CERTIFICATES
MONTHLY REPORT
Jun-99
CUSIP NO.#393505-S60, S78, S86, S94, T28, T36, T44
TRUST ACCOUNT #3337268-0
REMITTANCE DATE 07/01/99
<TABLE>
<CAPTION>
Total $ Per $1,000
Amount Original
--------------- --------------
<S> <C> <C>
CLASS A CERTIFICATES
- --------------------------------
(1a) Amount available( including Monthly Servicing Fee) 8,278,955.32
---------------
(b) Class M-1 Interest Deficiency Amount (if any) and Class B-1 Interest
Deficiency Amount (if any) withdrawn for prior Remittance Date 0.00
---------------
(c) Amount Available after giving effect to withdrawal of Class M-1 Interest
Deficiency Amount and Class B-1 Interest Deficiency Amount for prior
Remittance Date 8,278,955.32
---------------
(d) Amount withdrawn from (Capitalized Interest)(Pre-Funding) Account 0.00
---------------
A. Interest
(2) Aggregate interest
a. Class A-1 Remittance Rate (4.95938%) 4.95938%
---------------
b. Class A-1 Interest 63,213.51 2.09316258
--------------- --------------
c. Class A-2 Remittance Rate (5.43%) 5.43%
---------------
d. Class A-2 Interest 318,107.50 4.52500000
--------------- --------------
e. Class A-3 Remittance Rate (5.61%) 5.61%
---------------
f. Class A-3 Interest 626,450.00 4.67500000
--------------- --------------
g. Class A-4 Remittance Rate (5.76%) 5.76%
---------------
h. Class A-4 Interest 499,200.00 4.80000000
--------------- --------------
i. Class A-5 Remittance Rate (6.11%) 6.11%
---------------
j. Class A-5 Interest 509,166.67 5.09166670
--------------- --------------
k. Class A-6 Remittance Rate (6.37%) 6.37%
---------------
l. Class A-6 Interest 230,912.50 5.30833333
--------------- --------------
m. Class A-7 Remittance Rate 6.56%, (unless
the Weighted Average Contract Rate is
less than 6.56%) 6.56%
---------------
n. Class A-7 Interest 569,900.00 5.46666667
--------------- --------------
(3) Amount applied to:
a. Unpaid Class A Interest Shortfall 0.00 0
--------------- --------------
(4) Remaining:
a. Unpaid Class A Interest Shortfall 0.00 0
--------------- --------------
B. Principal
(5) Formula Principal Distribution Amount 3,319,022.22 N/A
--------------- --------------
a. Scheduled Principal 746,805.22 N/A
--------------- --------------
b. Principal Prepayments 2,567,454.75 N/A
--------------- --------------
c. Liquidated Contracts 13,987.29 N/A
--------------- --------------
d. Repurchases 0.00 N/A
--------------- --------------
e. Current Month Advanced Principal 1,221,489.68 N/A
--------------- --------------
f. Prior Month Advanced Principal (1,230,714.72) N/A
--------------- --------------
(6) Pool Scheduled Principal Balance 682,997,971.63
---------------
(6b) Adjusted Pool Principal Balance 681,776,481.95 973.96640279
--------------- --------------
(6c) Pool Factor 0.97396640
---------------
</TABLE>
*Subject to a maximum rate equal to the Weighted Average Contract Rate
<PAGE>
GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT
SENIOR/SUBORDINATE 4.95938%, 5.43%, 5.61%, 5.76%, 6.11%, 6.37%, 6.56%*
PASS-THROUGH CERTIFICATES, SERIES 1999-1
CLASS A1, A2, A3, A4, A5, A6, A7 CERTIFICATES
MONTHLY REPORT
Jun-99
PAGE 2
CUSIP NO.#393505-S60, S78, S86, S94, T28, T36, T44
TRUST ACCOUNT #3337268-0
REMITTANCE DATE 07/01/99
<TABLE>
<CAPTION>
<S> <C> <C>
(7) Unpaid Class A Principal Shortfall
(if any) following prior Remittance Date 0.00
---------------
(8) Class A Percentage for such Remittance Date 91.83%
---------------
(9) Class A Percentage for the following Remittance Date 91.79%
---------------
(10) Class A Principal Distribution:
a. Class A-1 3,319,022.22 109.90139801
--------------- --------------
b. Class A-2 0.00 0.00000000
--------------- --------------
c. Class A-3 0.00 0.00000000
--------------- --------------
d. Class A-4 0.00 0.00000000
--------------- --------------
e. Class A-5 0.00 0.00000000
--------------- --------------
g. Class A-6 0.00 0.00000000
--------------- --------------
h. Class A-7 0.00 0.00000000
--------------- --------------
(11) Class A-1 Principal Balance 11,976,481.95 396.57225000
--------------- --------------
(11a) Class A-1 Pool Factor 0.39657225
---------------
(12) Class A-2 Principal Balance 70,300,000.00 1000.0000000
--------------- --------------
(12a) Class A-2 Pool Factor 1.00000000
---------------
(13) Class A-3 Principal Balance 134,000,000.00 1000.0000000
--------------- --------------
(13a) Class A-3 Pool Factor 1.00000000
---------------
(14) Class A-4 Principal Balance 104,000,000.00 1000.0000000
--------------- --------------
(14a) Class A-4 Pool Factor 1.00000000
---------------
(15) Class A-5 Principal Balance 100,000,000.00 1000.0000000
--------------- --------------
(15a) Class A-5 Pool Factor 1.00000000
---------------
(16) Class A-6 Principal Balance 43,500,000.00 1000.0000000
--------------- --------------
(16a) Class A-6 Pool Factor 1.00000000
---------------
(17) Class A-7 Principal Balance 104,250,000.00 1000.0000000
--------------- --------------
(17a) Class A-7 Pool Factor 1.00000000
---------------
(19) Unpaid Class A Principal Shortfall
(if any)following current Remittance Date 0.00
---------------
C. Aggregate Scheduled Balances and Number of Delinquent
Contracts as of Determination Date
(20) 31-59 days 5,259,706.56 139
--------------- --------------
(21) 60 days or more 3,375,546.83 80
--------------- --------------
(22) Current Month Repossessions 371,128.74 13
--------------- --------------
(23) Repossession Inventory 626,681.97 19
--------------- --------------
</TABLE>
Please contact Bondholder Services Department of U.S. Bank National Association,
1-800-934-6802 with any questions regarding this statement or your Distribution.
<PAGE>
GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT
SENIOR/SUBORDINATE 4.95938%, 5.43%, 5.61%, 5.76%, 6.11%, 6.37%, 6.56%*
PASS-THROUGH CERTIFICATES, SERIES 1999-1
CLASS A1, A2, A3, A4, A5, A6, A7 CERTIFICATES
MONTHLY REPORT
Jun-99
PAGE 3
CUSIP NO.#393505-S60, S78, S86, S94, T28, T36, T44
TRUST ACCOUNT #3337268-0
REMITTANCE DATE 07/01/99
<TABLE>
<CAPTION>
<S> <C> <C>
Class M-1 Distribution Test and Class B Distribution test (applicable on and
after the Remittance Date occurring in July 2002.)
(24) Average Sixty - Day Delinquency Ratio Test
(a) Sixty - Day Delinquency Ratio for current Remittance Date 0.59 %
---------------
(b) Average Sixty - Day Delinquency Ratio (arithmetic average of
ratios for this month and two preceding months;
may not exceed 4.0%) 0.39 %
---------------
(25) Average Thirty - Day Delinquency Ratio Test
(a) Thirty - Day Delinquency Ratio for current Remittance Date 1.36 %
---------------
(b) Average Thirty - Day Delinquency Ratio (arithmetic average
of ratios for this month and two preceding months;
may not exceed 6.0%) 0.49 %
---------------
(26) Cumulative Realized Losses Test
(a) Cumulative Realized Losses for current Remittance Date (as a
percentage of Cut-off Date Pool Principal Balance; may not exceed
5.5% from August 1, 2001 to July 31, 2002; 6.5% from
August 1 2002 to July 31, 2003; 8.5% from August 1, 2003,
to July 31, 2004 and 9.5% thereafter) 0.00
---------------
(27) Current Realized Losses Test
(a) Current Realized Losses for current Remittance Date 12,600.24
---------------
(b) Current Realized Loss Ratio (total Realized Losses for the most
recent three months, multiplied by 4, divided by arithmetic
average of Pool Scheduled Principal Balances for third preceding
Remittance and for current Remittance Date;
may not exceed 2.5%) 0.01
---------------
(28) Class M-1 Principal Balance Test
(a) The sum of Class M-1 Principal Balance and Class B Principal
Balance (before distributions on current Remittance Date) divided
by Pool Scheduled Principal Balance as of preceding Remittance
Date is greater than 23.25% 13.54 %
---------------
(29) Class M-2 Principal Balance Test
(a) The sum of Class M-1 Principal Balance and Class B Principal
Balance (before distributions on current Remittance Date) divided
by Pool Scheduled Principal Balance as of preceding Remittance
Date is greater than 12.75% 11.24 %
---------------
(30) Class B Principal Balance Test
(a) Class B Principal Balance (before any distributions on current
Remittance Date) as of such Remittance date is greater than
$16,000,000.00 56,000,000.00
---------------
(b) Class B Principal Balance (before distributions on current
Remittance Date) divided by pool Scheduled Principal Balance
as of preceding Remittance Date is equal to or greater than 9.75%. 8.17%
---------------
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE 6.56%, 7.34%, 8.60%,8.60%
PASS-THROUGH CERTIFICATES, SERIES 1999-1
CLASS M1 CERTIFICATES
MONTHLY REPORT
Jun-99
PAGE 4
CUSIP NO. #393505-T51, T69, T77, T85
TRUST ACCOUNT #3337268-0
REMITTANCE DATE 07/01/99
<TABLE>
<CAPTION>
Total $ Per $1,000
Amount Original
--------------- --------------
<S> <C> <C>
CLASS M-1 CERTIFICATES
- --------------------------------------
(31) Amount available (including Monthly Servicing Fee) 2,142,982.92
---------------
A. Interest
(32) Aggregate interest
(a) Class M-1 Remittance Rate 6.56%, unless the
Weighted Average Contract Rate is less than 6.56%) 6.56%
---------------
(b) Class M-1 Interest 200,900.00 5.46666667
--------------- --------------
(c) Interest on Class M-1 Adjusted Principal Balance 0.00
---------------
(33) Amount applied to Class M-1 Interest Deficiency Amount 0.00
---------------
(34) Remaining unpaid Class M-1 Interest Deficiency Amount 0.00
---------------
(35) Amount applied to:
a. Unpaid Class M-1 Interest Shortfall 0.00 0
--------------- --------------
(36) Remaining:
a. Unpaid Class M-1 Interest Shortfall 0.00 0
--------------- --------------
B. Principal
(37) Formula Principal Distribution Amount 0.00 N/A
--------------- --------------
a. Scheduled Principal 0.00 N/A
--------------- --------------
b. Principal Prepayments 0.00 N/A
--------------- --------------
c. Liquidated Contracts 0.00 N/A
--------------- --------------
d. Repurchases 0.00 N/A
--------------- --------------
(38) Class M-1 Principal Balance 36,750,000.00 1000.00000000
--------------- --------------
(38a) Class M-1 Pool Factor 1.00000000
---------------
(39) Class M-1 Percentage for such Remittance Date 0.00%
---------------
(40) Class M-1 Principal Distribution:
a. Class M-1 (current) 0.00 0.00000000
--------------- --------------
b. Unpaid Class M-1 Principal Shortfall
(if any) following prior Remittance Date 0.00
---------------
(41) Unpaid Class M-1 Principal Shortfall
(if any) following current Remittance Date 0.00
---------------
(42) Class M-1 Percentage for the following Remittance Date 0.00%
---------------
(43) Class M-1 Liquidation Loss Interest
(a) Class M-1 Liquidation Loss Amount 0.00
---------------
(b) Amount applied to Class M-1
Liquidation Loss Interest Amount 0.00
---------------
(c) Remaining Class M-1 Liquidation Loss
Interest Amount 0.00
---------------
(d) Amount applied to Unpaid Class M-1
Loss Interest Shortfall 0.00
---------------
(e) Remaining Unpaid Class M-1
Liquidation Loss Interest Shortfalls 0.00
---------------
</TABLE>
*Subject to a maximum rate equal to the Weighted Average Contract Rate
<PAGE>
GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE 6.56%, 7.34%, 8.60%,8.60%
PASS-THROUGH CERTIFICATES, SERIES 1999-1
CLASS M2 CERTIFICATES
MONTHLY REPORT
Jun-99
PAGE 5
CUSIP NO. #393505-T51, T69, T77, T85
TRUST ACCOUNT #3337268-0
REMITTANCE DATE 07/01/99
<TABLE>
<CAPTION>
Total $ Per $1,000
Amount Original
--------------- --------------
<S> <C> <C>
CLASS M-2 CERTIFICATES
- --------------------------------------
(44) Amount available (including Monthly Servicing Fee) 1,942,082.92
---------------
A. Interest
(45) Aggregate interest
(a) Class M-2 Remittance Rate 7.34%, unless the
Weighted Average Contract Rate is less than 7.34%) 7.34%
---------------
(b) Class M-2 Interest 128,450.00 6.11666667
--------------- --------------
(c) Interest on Class M-2 Adjusted Principal Balance 0.00
---------------
(46) Amount applied to Class M-2 Interest Deficiency Amount 0.00
---------------
(47) Remaining unpaid Class M-2 Interest Deficiency Amount 0.00
---------------
(48) Amount applied to:
a. Unpaid Class M-2 Interest Shortfall 0.00 0
--------------- --------------
(49) Remaining:
a. Unpaid Class M-2 Interest Shortfall 0.00 0
--------------- --------------
B. Principal
(50) Formula Principal Distribution Amount 0.00 N/A
--------------- --------------
a. Scheduled Principal 0.00 N/A
--------------- --------------
b. Principal Prepayments 0.00 N/A
--------------- --------------
c. Liquidated Contracts 0.00 N/A
--------------- --------------
d. Repurchases 0.00 N/A
--------------- --------------
(51) Class M-2 Principal Balance 21,000,000.00 1000.00000000
--------------- --------------
(51a) Class M-2 Pool Factor 1.00000000
---------------
(52) Class M-2 Percentage for such Remittance Date 0.00%
---------------
(53) Class M-2 Principal Distribution:
a. Class M-2 (current) 0.00 0.00000000
--------------- --------------
b. Unpaid Class M-2 Principal Shortfall
(if any) following prior Remittance Date 0.00
---------------
(54) Unpaid Class M-2 Principal Shortfall
(if any) following current Remittance Date 0.00
---------------
(55) Class M-2 Percentage for the following Remittance Date 0.00%
---------------
(56) Class M-2 Liquidation Loss Interest
(a) Class M-2 Liquidation Loss Amount 0.00
---------------
(b) Amount applied to Class M-2
Liquidation Loss Interest Amount 0.00
---------------
(c) Remaining Class M-2 Liquidation Loss
Interest Amount 0.00
---------------
(d) Amount applied to Unpaid Class M-2
Loss Interest Shortfall 0.00
---------------
(e) Remaining Unpaid Class M-2
Liquidation Loss Interest Shortfalls 0.00
---------------
</TABLE>
*Subject to a maximum rate equal to the Weighted Average Contract Rate
<PAGE>
GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE 6.56%, 7.34%, 8.60%, 8.60%
PASS-THROUGH CERTIFICATES, SERIES 1999-1
CLASS B CERTIFICATES
MONTHLY REPORT
Jun-99
CUSIP NO. #393505-T51, T69, T77, T85
REMITTANCE DATE 07/01/99
<TABLE>
<CAPTION>
CLASS BI CERTIFICATES
- --------------------------------------
Total $ Per $1,000
Amount Original
--------------- --------------
<S> <C> <C>
(1) Amount Available less the Class A
Distribution Amount and Class M-1 Distribution
Amount (including Monthly Servicing Fee) 1,813,632.92
---------------
(3) Class B-1 Remittance Rate (8.60%
unless Weighted Average Contract Rate
is below 8.60%) 8.60%
---------------
(3) Aggregate Class B1 Interest 175,583.33 7.16666653
--------------- --------------
(4) Amount applied to Unpaid
Class B1 Interest Shortfall 0.00 0.00
--------------- --------------
(5) Remaining Unpaid Class B1
Interest Shortfall 0.00 0.00
--------------- --------------
(6) Amount applied to Class B-1
Interest Deficiency Amount 0.00
---------------
(7) Remaining Unpaid Class B-1
Interest Deficiency Amount 0.00
---------------
(8) Unpaid Class B-1 Principal Shortfall
(if any) following prior Remittance Date 0.00
---------------
(8a) Class B Percentage for such Remittance Date 0.00
---------------
(9) Current Principal (Class B Percentage of Formula Principal
Distribution Amount) 0.00 0.00000000
--------------- --------------
(10a) Class B1 Principal Shortfall 0.00
---------------
(10b) Unpaid Class B1 Principal Shortfall 0.00
---------------
(11) Class B Principal Balance 56,000,000.00
---------------
(12) Class B1 Principal Balance 24,500,000.00
---------------
(12a) Class B1 Pool Factor 1.00000000
---------------
(13) Class B-1 Liquidation Loss Interest
(a) Class B-1 Liquidation Loss Amount 0.00
---------------
(b) Amount Applied to Class B-1 Liquidation Loss Interest
Amount 0.00
---------------
(c) Remaining Class B-1 Liquidation Loss Interest Amount 0.00
---------------
(d) Amount applied to Unpaid Class B-1 Liquidation Loss
Interest Shortfall 0.00
---------------
(e) Remaining Unpaid Class B-1 Liquidation Loss Interest
Shortfall 0.00
---------------
</TABLE>
<PAGE>
GREEN TREE FINANCIAL CORPORATION
MANUFACTURED HOUSING CONTRACT SENIOR/SUBORDINATE 6.56%, 7.34%, 8.60%, 8.60%
PASS-THROUGH CERTIFICATES, SERIES 1999-1
CLASS B CERTIFICATES
MONTHLY REPORT
Jun-99
PAGE 2
CUSIP NO. #393505-T51, T69, T77, T85
REMITTANCE DATE 07/01/99
<TABLE>
<CAPTION>
Total $ Per $1,000
CLASS B2 CERTIFICATES Amount Original
- -------------------------------------- --------------- --------------
<S> <C> <C>
(14) Remaining Amount Available 1,638,049.59
---------------
(15) Class B-2 Remittance Rate (8.60%
unless Weighted Average Contract
Rate is less than 8.60%) 8.60%
---------------
(16) Aggregate Class B2 Interest 225,750.00 7.16666667
--------------- --------------
(17) Amount applied to Unpaid
Class B2 Interest Shortfall 0.00 0.00
--------------- --------------
(18) Remaining Unpaid Class B2
Interest Shortfall 0.00 0.00
--------------- --------------
(19) Unpaid Class B2 Principal Shortfall
(if any) following prior Remittance Date 0.00
---------------
(20) Class B2 Principal Liquidation Loss Amount 0.00
---------------
(21) Class B2 Principal (zero until class B1 paid down: thereafter,
Class B Percentage of formula Principal Distribution Amount) 0.00 0.00000000
--------------- --------------
(22) Guarantee Payment 0.00
---------------
(23) Class B2 Principal Balance 31,500,000.00
---------------
(23a) Class B2 Pool Factor 1.00000000
---------------
(24) Monthly Servicing Fee (deducted from Certificate
Account balance to arrive at Amount Available if the
Company or Green Tree Financial Servicing Corporation
is not the Servicer; deducted from funds remaining
after payment of Class A Distribution Amount, Class
M-1 Distribution Amount, Class B-1 Distribution Amount
and Class B-2 Distribution Amount, if the Company or
Green Tree Financial Servicing Corp. is the Servicer) 285,969.26
---------------
(25) Class B-3I Guarantee Fee 1,126,330.33
---------------
(26) Class B-3I Distribution Amount 0.00
---------------
(27) Class B-3I Formula Distribution Amount (all Excess
Interest plus Unpaid Class B-3I Shortfall) 0.00
---------------
(28) Class B-3I Distribution Amount (remaining Amount Available) 0.00
---------------
(29) Class B-3I Shortfall (26-27) 0.00
---------------
(30) Unpaid Class B-3I Shortfall 0.00
---------------
(31) Class M-1 Interest Deficiency on such Remittance Date 0.00
---------------
(32) Class B-1 Interest Deficiency on such Remittance Date 0.00
---------------
(33) Repossessed Contracts 371,128.74
---------------
(34) Repossessed Contracts Remaining in Inventory 626,681.97
---------------
(35) Weighted Average Contract Rate 9.13648
---------------
</TABLE>
Please contact Bondholder Services Department of U.S. Bank National Association,
1-800-934-6802 with any questions regarding this statement or your Distribution.
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