SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported) April 15, 1997
--------------
UCFC ACCEPTANCE CORPORATION
- -----------------------------------------------------------------
(Exact name of registrant as specified in its Charter)
Louisiana 333-07081 72-1235336
--------- --------- ----------
(State or other (Commission (IRS Employer
jurisdiction File Number) ID Number)
of incorporation)
4041 Essen Lane, Baton Rouge, Louisiana 70809
----------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
(Registrant's Telephone Number, (504)987-0000
- ------------------------------- -------------
including area code)
N/A
- ---------------------------------------------------------------
(Former name or former address, if changed since last report)
PAGE 1
<PAGE>
Item 5. Other Events.
- -----------------------
UCFC Acceptance Corporation (the "Company") from time to
time acts as depositor into and sponsor of trusts (each, a
"Trust"), the purpose of which is to issue one or more series of
Home Equity Loan Pass-Through Certificates (the "Certificates"),
to be issued in series (each a "Series").
The assets of each Trust will consist primarily of one or
more pools of mortgage loans and certain other mortgage-related
assets which may include fixed-or adjustable-rate home equity
loans, or participations or other beneficial interests in such
home equity loans secured primarily by first or second liens on
one- to four-family residential properties ("Home Equity Loans").
Each Series of Certificates will represent interests in the
related Trust and are not obligations of the Company. Holders of
Certificates will not have any recourse to the assets of the
Company except to the limited extent provided under the pooling
and servicing agreement related to each Series of Certificates
(each, a "Pooling Agreement"). Pursuant to the Pooling Agreement
for each Series of Certificates, United Companies Lending
Corporation (the "Servicer") will service the related Home
Equity Loans on behalf of the applicable Trust.
On each Distribution Date for a Series of Certificates, the
related Trustee will forward with each distribution to each
holder of record of Certificates of such Series a statement (the
"Monthly Statement") setting forth information required under the
related Pooling Agreement.
Pursuant to a request for No-Action granted by the
Securities and Exchange Commission on November 12, 1993, the
Servicer is filing this report on Form 8-K on behalf of the
Company.
PAGE 2
<PAGE>
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
- -----------------------------------------------------------------
(c) Exhibits
--------
Exhibit No.
-----------
20.1 UCFC Acceptance Corporation, Home Equity
Loan Pass-Through Certificates, Series 1997-A1
and Series 1997-A2, Remic I; Series 1997-A1, Remic II;
and Series 1997-A2, Remic III, Monthly
Report to Certificateholders for the Distribution
Date in April, 1997. Pages 6-8.
20.2 UCFC Acceptance Corporation, Home Equity
Loan Pass-Through Certificates, Series 1997-A1
and Series 1997-A2, Reserve Fund Trust Statement
to Certificateholders for the Distribution Date
in April, 1997. Page 9.
20.3 UCFC Acceptance Corporation, Home Equity
Loan Pass-Through Certificates, Series 1997-A1
and Series 1997-A2, Statement to Certificateholders
for the Distribution Date in April, 1997.
Pages 10-12.
20.4 UCFC Acceptance Corporation, Home Equity
Loan Pass-Through Certificates, Series 1997-A1
and Series 1997-A2, Remic I; Series 1997-A1, Remic II;
and Series 1997-A2, Remic III, Monthly
Report to Certificateholders for the Distribution
Date in May, 1997. Pages 13-15.
20.5 UCFC Acceptance Corporation, Home Equity
Loan Pass-Through Certificates, Series 1997-A1
and Series 1997-A2, Reserve Fund Trust Statement
to Certificateholders for the Distribution Date
in May, 1997. Page 16.
20.6 UCFC Acceptance Corporation, Home Equity
Loan Pass-Through Certificates, Series 1997-A1
and Series 1997-A2, Statement to Certificateholders
for the Distribution Date in May, 1997.
Pages 17-19.
PAGE 3
<PAGE>
SIGNATURES
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 thereunto duly authorized.
UNITED COMPANIES LENDING CORPORATION , as
Servicer
By: /s/ Sherry E. Anderson
-----------------------
Sherry E. Anderson
Secretary
Dated: May 29, 1997
PAGE 4
<PAGE>
EXHIBIT INDEX
Exhibit
No. Description
------- -----------
20.1 UCFC Acceptance Corporation, Home Equity
Loan Pass-Through Certificates, Series 1997-A1
and Series 1997-A2, Remic I; Series 1997-A1, Remic II;
and Series 1997-A2, Remic III, Monthly
Report to Certificateholders for the Distribution
Date in April, 1997. Pages 6-8.
20.2 UCFC Acceptance Corporation, Home Equity
Loan Pass-Through Certificates, Series 1997-A1
and Series 1997-A2, Reserve Fund Trust Statement
to Certificateholders for the Distribution Date
in April, 1997. Page 9.
20.3 UCFC Acceptance Corporation, Home Equity
Loan Pass-Through Certificates, Series 1997-A1
and Series 1997-A2, Statement to Certificateholders
for the Distribution Date in April, 1997.
Pages 10-12.
20.4 UCFC Acceptance Corporation, Home Equity
Loan Pass-Through Certificates, Series 1997-A1
and Series 1997-A2, Remic I; Series 1997-A1, Remic II;
and Series 1997-A2, Remic III, Monthly
Report to Certificateholders for the Distribution
Date in May, 1997. Pages 13-15.
20.5 UCFC Acceptance Corporation, Home Equity
Loan Pass-Through Certificates, Series 1997-A1
and Series 1997-A2, Reserve Fund Trust Statement
to Certificateholders for the Distribution Date
in May, 1997. Page 16.
20.6 UCFC Acceptance Corporation, Home Equity
Loan Pass-Through Certificates, Series 1997-A1
and Series 1997-A2, Statement to Certificateholders
for the Distribution Date in May, 1997.
Pages 17-19.
PAGE 5
UCFC Acceptance Corporation EXHIBIT 20.1
Home Equity Loan Pass-Through Certificates
Series 1997-A1 and 1997-A2
REMIC I
Statement To Certificateholders
<TABLE>
- ---------------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- -------------- ------------- ------------ ------------ ------------ -------- -------- --------------
1 119,935,000.00 119,935,000.00 923,085.16 1,327,833.39 2,250,918.55 0.00 0.00 118,607,166.61
2 56,247,000.00 56,247,000.00 467,615.93 0.00 467,615.93 0.00 0.00 56,247,000.00
3 60,615,000.00 60,615,000.00 506,018.02 0.00 506,018.02 0.00 0.00 60,615,000.00
4 27,799,000.00 27,799,000.00 232,916.12 0.00 232,916.12 0.00 0.00 27,799,000.00
5 29,799,000.00 29,799,000.00 250,465.21 0.00 250,465.21 0.00 0.00 29,799,000.00
6 20,286,000.00 20,286,000.00 171,185.87 0.00 171,185.87 0.00 0.00 20,286,000.00
7 22,819,000.00 22,819,000.00 193,571.61 0.00 193,571.61 0.00 0.00 22,819,000.00
8 37,500,000.00 37,500,000.00 314,861.11 0.00 314,861.11 0.00 0.00 37,500,000.00
RI 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------------------------
TOTALS: 375,000,000.00 375,000,000.00 3,059,719.03 1,327,833.39 4,387,552.42 0.00 0.00 373,672,166.61
=====================================================================================================================
</TABLE>
<TABLE>
- -----------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ----------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ------ ----- ------------ -------- ----------- ---------- ---------- -------- ---------
1 1,000.000000 7.696545 11.071275 18.767820 988.928725 7.657817% 7.659218%
2 1,000.000000 8.313615 0.000000 8.313615 1,000.000000 7.657817% 7.659218%
3 1,000.000000 8.348066 0.000000 8.348066 1,000.000000 7.657817% 7.659218%
4 1,000.000000 8.378579 0.000000 8.378579 1,000.000000 7.657817% 7.659218%
5 1,000.000000 8.405155 0.000000 8.405155 1,000.000000 7.657817% 7.659218%
6 1,000.000000 8.438621 0.000000 8.438621 1,000.000000 7.657817% 7.659218%
7 1,000.000000 8.482914 0.000000 8.482914 1,000.000000 7.657817% 7.659218%
8 1,000.000000 8.396296 0.000000 8.396296 1,000.000000 7.657817% 7.659218%
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 N/A N/A
- ------------------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: Prudential Securities Incorporated Irvine, CA 92714
RECORD DATE: March 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: April 15, 1997 (800) 735-7777
Page 6
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-A1
REMIC II
Statement To Certificateholders
<TABLE>
- ----------------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTION IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- -------------- ------------- ------------ ------------ ------------ -------- -------- --------------
A-1 119,935,000.00 119,935,000.00 366,343.12 1,327,833.39 1,694,176.51 0.00 0.00 118,607,166.61
A-2 56,247,000.00 56,247,000.00 318,733.00 0.00 318,733.00 0.00 0.00 56,247,000.00
A-3 60,615,000.00 60,615,000.00 352,324.69 0.00 352,324.69 0.00 0.00 60,615,000.00
A-4 27,799,000.00 27,799,000.00 165,172.39 0.00 165,172.39 0.00 0.00 27,799,000.00
A-5 29,799,000.00 29,799,000.00 180,408.11 0.00 180,408.11 0.00 0.00 29,799,000.00
A-6 20,286,000.00 20,286,000.00 125,688.68 0.00 125,688.68 0.00 0.00 20,286,000.00
A-7 22,819,000.00 22,819,000.00 145,661.28 0.00 145,661.28 0.00 0.00 22,819,000.00
A-8 37,500,000.00 37,500,000.00 225,625.00 0.00 225,625.00 0.00 0.00 37,500,000.00
EI-1 0.00 0.00 556,742.04 0.00 556,742.04 0.00 0.00 0.00
EI-2 0.00 0.00 148,882.93 0.00 148,882.93 0.00 0.00 0.00
EI-3 0.00 0.00 153,693.33 0.00 153,693.33 0.00 0.00 0.00
EI-4 0.00 0.00 67,743.73 0.00 67,743.73 0.00 0.00 0.00
EI-5 0.00 0.00 70,057.10 0.00 70,057.10 0.00 0.00 0.00
EI-6 0.00 0.00 45,497.19 0.00 45,497.19 0.00 0.00 0.00
EI-7 0.00 0.00 47,910.33 0.00 47,910.33 0.00 0.00 0.00
EI-8 0.00 0.00 89,236.11 0.00 89,236.11 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 35,598.22 0.00 35,598.22 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------
TOTALS: 375,000,000.00 375,000,000.00 3,095,317.25 1,327,833.39 4,423,150.64 0.00 0.00 373,672,166.61
=======================================================================================================================
</TABLE>
<TABLE>
- -----------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL -------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- ------------ -------- ---------- ---------- ---------- -------- ---------
A-1 90263BEKO 1,000.000000 3.054514 11.071275 14.125789 988.928725 5.787500% 5.850000%
A-2 90263BEL8 1,000.000000 5.666667 0.000000 5.666667 1,000.000000 6.800000% 6.800000%
A-3 90263BEM6 1,000.000000 5.812500 0.000000 5.812500 1,000.000000 6.975000% 6.975000%
A-4 90263BES3 1,000.000000 5.941667 0.000000 5.941667 1,000.000000 7.130000% 7.130000%
A-5 90263BEN4 1,000.000000 6.054167 0.000000 6.054167 1,000.000000 7.265000% 7.265000%
A-6 90263BEP9 1,000.000000 6.195834 0.000000 6.195834 1,000.000000 7.435000% 7.435000%
A-7 90263BEQ7 1,000.000000 6.383333 0.000000 6.383333 1,000.000000 7.660000% 7.660000%
A-8 90263BER5 1,000.000000 6.016667 0.000000 6.016667 1,000.000000 7.220000% 7.220000%
EI-1 0.000000 1.484645 0.000000 1.484645 0.000000 7.293350% 1.809218%
EI-2 0.000000 0.397021 0.000000 0.397021 0.000000 4.158767% 0.859218%
EI-3 0.000000 0.409849 0.000000 0.409849 0.000000 3.983767% 0.684218%
EI-4 0.000000 0.180650 0.000000 0.180650 0.000000 3.828767% 0.529218%
EI-5 0.000000 0.186819 0.000000 0.186819 0.000000 3.693767% 0.394218%
EI-6 0.000000 0.121326 0.000000 0.121326 0.000000 3.523767% 0.224218%
EI-7 0.000000 0.127761 0.000000 0.127761 0.000000 3.298767% 0.000000%
EI-8 0.000000 0.237963 0.000000 0.237963 0.000000 3.738767% 0.439218%
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 N/A N/A
R-1 0.000000 0.094929 0.000000 0.094929 0.000000 N/A N/A
- ----------------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: Prudential Securities Incorporated Irvine, CA 92714
RECORD DATE: March 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: April 15, 1997 (800) 735-7777
Page 7 (c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-A2
REMIC III
Statement To Certificateholders
<TABLE>
- ----------------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTION IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- -------------- ------------- ------------ ---------- ------------ -------- -------- --------------
A-9 175,000,000.00 175,000,000.00 543,766.04 290,043.06 833,819.10 0.00 0.00 174,709,956.94
R-2 0.00 0.00 76.92 0.00 76.92 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------
TOTALS 175,000,000.00 175,000,000.00 543,852.96 290,043.06 833,896.02 0.00 0.00 174,709,956.94
</TABLE>
<TABLE>
- -----------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL -------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- ------------ -------- --------- -------- ---------- -------- ---------
A-9 90263BE11 1,000.000000 3.107292 1.657389 4.764681 998.342611 5.887500% 5.950000%
R-2 0.000000 0.000440 0.000000 0.000440 0.000000 N/A N/A
- ---------------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: Prudential Securities Incorporated Irvine, CA 92714
RECORD DATE: March 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: April 15, 1997 (800) 735-7777
Page 8 (c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation EXHIBIT 20.2
Home Equity Loan Pass-Through Certificates
Series 1997-A1 and 1997-A2
Reserve Fund Trust
Statement To Certificateholders
<TABLE>
- ----------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- --------- -------- --------- --------- -------- -------- ---------
A TRUST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
B TRUST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------
TOTALS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
==============================================================================================
</TABLE>
<TABLE>
- -----------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- ------- -------- --------- ------ --------- ------- --------
A TRUST 0.000000 0.000000 0.000000 0.000000 0.000000 N/A N/A
B TRUST 0.000000 0.000000 0.000000 0.000000 0.000000 N/A N/A
- ------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: Prudential Securities Incorporated Irvine, CA 92714
RECORD DATE: March 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: April 15, 1997 (800) 735-7777
Page 9
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation EXHIBIT 20.3
Home Equity Loan Pass-Through Certificates
Series 1997-A1 and 1997-A2
Statement To Certificateholders
Distribution Date: April 15, 1997
LOAN GROUP 1 PRINCIPAL BALANCE: 286,085,700.19
TOTAL PRINCIPAL: 1,327,833,39
PREPAYMENTS: 1,192,683.65
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 2,769,801.83
LOAN GROUP 2 PRINCIPAL BALANCE: 137,730,475.73
TOTAL PRINCIPAL: 290,043.06
PREPAYMENTS: 255,845.90
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 1,118,278.77
SUBSTITUTION AMOUNTS GROUP 1: 0.00
LOAN PURCHASE PRICES GROUP 1: 0.00
SUBSTITUTION AMOUNTS GROUP 2: 0.00
LOAN PURCHASE PRICES GROUP 2: 0.00
RESERVE ACCOUNT BALANCE: 11,729,398.91
SPECIFIED RESERVE ACCOUNT REQUIREMENT: 34,375,000.00
CUMULATIVE RESERVE ACCOUNT WITHDRAWALS
AS OF THE CURRENT PAYMENT DATE: 0.00
SUBORDINATED AMOUNT AS OF THE CURRENT
PAYMENT DATE: 93,500,000.00
GROUP 1 INSURED PAYMENT RELATING TO THE
CURRENT PAYMENT DATE: 0.00
GROUP 2 INSURED PAYMENT RELATING TO THE
CURRENT PAYMENT DATE: 0.00
TOTAL TOTAL
ACCRUED DUE
------- ----------
SERVICING FEES GROUP 1: 119,309.41 70,586.42
SERVICING FEES GROUP 2: 57,508.51 36,645.13
GUARANTEE FEES DUE GROUP 1: 787,901.95
GUARANTEE FEES DUE GROUP 2: 307,553.86
Page 10
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-A1 and 1997-A2
Statement To Certificateholders
Distribution Date: April 15, 1997
GROUP 1 REALIZED LOSSES FOR THE
RELATED REMITTANCE PERIOD: 0.00
GROUP 1 CUMULATIVE REALIZED LOSSES
AS OF THE CURRENT PAYMENT DATE: 0.00
GROUP 2 REALIZED LOSSES FOR THE
RELATED REMITTANCE PERIOD: 0.00
GROUP 2 CUMULATIVE REALIZED LOSSES
AS OF THE CURRENT PAYMENT DATE: 0.00
CLASS A-1 LIBOR RATE FOR THE RELATED ACCRUAL PERIOD: N/A
CLASS A-9 LIBOR RATE FOR THE RELATED ACCRUAL PERIOD: N/A
<TABLE>
- -----------------------------------------------------------------------------------
<CAPTION>
DELINQUENT AND LOANS
FORECLOSURE LOAN 30 TO 59 60 TO 89 90 AND OVER IN
INFORMATION DAYS DAYS DAYS FORE-
CLOSURE
- -----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
PRINCIPAL BALANCE - GROUP 1 230,879.00 0.00 0.00 0.00
NUMBER OF LOANS 5 0 0 0
PRINCIPAL BALANCE - GROUP 2 199,696.41 0.00 0.00 0.00
NUMBER OF LOANS 1 0 0 0
AGGREGATE PRINCIPAL BALANCE 430,575.41 0.00 0.00 0.00
AGGREGATE NUMBER OF LOANS 6 0 0 0
Note: Quantity and Principal Balance of Foreclosures and Bankruptcies
are Included in the Delinquency Figures.
- -----------------------------------------------------------------------------------
</TABLE>
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 1: 0
PRINCIPAL BALANCE OF LOANS IN
BANKRUPTCY PROCEEDINGS-GROUP 1: 0.00
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 2: 0
PRINCIPAL BALANCE OF LOANS IN
BANKRUPTCY PROCEEDINGS-GROUP 2: 0.00
REO LOANS - GROUP 1: 0
PRINCIPAL BALANCE OF REO LOANS - GROUP 1: 0.00
REO LOANS - GROUP 2: 0
PRINCIPAL BALANCE OF REO LOANS - GROUP 2: 0.00
BOOK VALUE OF REO PROPERTY, IF AVAILABLE: 0.00
REO PROCEEDS: 0.00
REO PROPERTY MATTERS: (SEE ATTACHMENTS IF ANY)
OTHER FORECLOSURE INFORMATION: (SEE ATTACHMENTS IF ANY)
Page 11
(c) COPYRIGHT 1997 Bankers Trust Company
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-A1 and 1997-A2
Statement To Certificateholders
Distribution Date: April 15, 1997
CLASS A-1 INTEREST SHORTFALL AMOUNT:
CLASS A-2 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-3 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-4 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-5 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-6 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-7 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-8 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-9 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-1 PRINCIPAL SHORTFALL AMOUNT:
CLASS A-2 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-3 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-4 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-5 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-6 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-7 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-8 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-9 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-1 CARRY-FORWARD AMOUNT: 0.00
CLASS A-2 CARRY-FORWARD AMOUNT: 0.00
CLASS A-3 CARRY-FORWARD AMOUNT: 0.00
CLASS A-4 CARRY-FORWARD AMOUNT: 0.00
CLASS A-5 CARRY-FORWARD AMOUNT: 0.00
CLASS A-6 CARRY-FORWARD AMOUNT: 0.00
CLASS A-7 CARRY-FORWARD AMOUNT: 0.00
CLASS A-8 CARRY-FORWARD AMOUNT: 0.00
CLASS A-9 CARRY-FORWARD AMOUNT: 0.00
PAGE 12
(c) COPYRIGHT 1997 Bankers Trust Company
UCFC Acceptance Corporation
EXHIBIT 20.4
Home Equity Loan Pass-Through Certificates
Series 1997-A1 and 1997-A2
REMIC I
Statement To Certificateholders
<TABLE>
- ---------------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- -------------- ------------- ------------ ------------ ------------ -------- -------- --------------
1 119,935,000.00 118,607,166.61 1,041,666.15 2,300,766.63 3,342,432.78 0.00 0.00 116,306,399.98
2 56,247,000.00 56,247,000.00 497,784.26 0.00 497,784.26 0.00 0.00 56,247,000.00
3 60,615,000.00 60,615,000.00 537,194.41 0.00 537,194.41 0.00 0.00 60,615,000.00
4 27,799,000.00 27,799,000.00 246,671.94 0.00 246,671.94 0.00 0.00 27,799,000.00
5 29,799,000.00 29,799,000.00 264,704.51 0.00 264,704.51 0.00 0.00 29,799,000.00
6 20,286,000.00 20,286,000.00 180,445.51 0.00 180,445.51 0.00 0.00 20,286,000.00
7 22,819,000.00 22,819,000.00 203,341.43 0.00 203,341.43 0.00 0.00 22,819,000.00
8 37,500,000.00 37,500,000.00 332,992.63 0.00 332,992.63 0.00 0.00 37,500,000.00
RI 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------------------------
TOTALS: 375,000,000.00 373,672,166.61 3,304,800.84 2,300,766.63 5,605,567.47 0.00 0.00 371,371,399.98
=====================================================================================================================
</TABLE>
<TABLE>
- -----------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ----------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ------ ----- ------------ -------- ----------- ---------- ---------- -------- ---------
1 988.928725 8.685256 19.183446 27.868702 969.745279 7.724758% 7.723975%
2 1,000.000000 8.849970 0.000000 8.849970 1,000.000000 7.724758% 7.723975%
3 1,000.000000 8.862401 0.000000 8.862401 1,000.000000 7.724758% 7.723975%
4 1,000.000000 8.873411 0.000000 8.873411 1,000.000000 7.724758% 7.723975%
5 1,000.000000 8.883000 0.000000 8.883000 1,000.000000 7.724758% 7.723975%
6 1,000.000000 8.895076 0.000000 8.895076 1,000.000000 7.724758% 7.723975%
7 1,000.000000 8.911058 0.000000 8.911058 1,000.000000 7.724758% 7.723975%
8 1,000.000000 8.879803 0.000000 8.879803 1,000.000000 7.724758% 7.723975%
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 N/A N/A
- ------------------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: Prudential Securities Incorporated Irvine, CA 92714
RECORD DATE: April 30, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: May 15, 1997 (800) 735-7777
Page 13
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-A1
REMIC II
Statement To Certificateholders
<TABLE>
- ----------------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTION IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- -------------- ------------- ------------ ------------ ------------ -------- -------- --------------
A-1 119,935,000.00 118,607,166.61 578,209.94 2,300,766.63 2,878,976.57 0.00 0.00 116,306,399.98
A-2 56,247,000.00 56,247,000.00 318,733.00 0.00 318,733.00 0.00 0.00 56,247,000.00
A-3 60,615,000.00 60,615,000.00 352,324.69 0.00 352,324.69 0.00 0.00 60,615,000.00
A-4 27,799,000.00 27,799,000.00 165,172.39 0.00 165,172.39 0.00 0.00 27,799,000.00
A-5 29,799,000.00 29,799,000.00 180,408.11 0.00 180,408.11 0.00 0.00 29,799,000.00
A-6 20,286,000.00 20,286,000.00 125,688.68 0.00 125,688.68 0.00 0.00 20,286,000.00
A-7 22,819,000.00 22,819,000.00 145,661.28 0.00 145,661.28 0.00 0.00 22,819,000.00
A-8 37,500,000.00 37,500,000.00 225,625.00 0.00 225,625.00 0.00 0.00 37,500,000.00
EI-1 0.00 0.00 463,456.21 0.00 463,456.21 0.00 0.00 0.00
EI-2 0.00 0.00 179,051.26 0.00 179,051.26 0.00 0.00 0.00
EI-3 0.00 0.00 184,869.72 0.00 184,869.72 0.00 0.00 0.00
EI-4 0.00 0.00 81,499.55 0.00 81,499.55 0.00 0.00 0.00
EI-5 0.00 0.00 84,296.40 0.00 84,296.40 0.00 0.00 0.00
EI-6 0.00 0.00 54,756.83 0.00 54,756.83 0.00 0.00 0.00
EI-7 0.00 0.00 57,680.15 0.00 57,680.15 0.00 0.00 0.00
EI-8 0.00 0.00 107,367.63 0.00 107,367.63 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 107,801.97 0.00 107,801.97 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------
TOTALS: 375,000,000.00 373,672,166.61 3,412,602.81 2,300,766.63 5,713,369.44 0.00 0.00 371,371,399.98
=======================================================================================================================
</TABLE>
<TABLE>
- -----------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL -------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- ------------ -------- ---------- ---------- ---------- -------- ---------
A-1 90263BEKO 988.928725 4.821028 19.183446 24.004474 969.745279 5.850000% 5.850000%
A-2 90263BEL8 1,000.000000 5.666667 0.000000 5.666667 1,000.000000 6.800000% 6.800000%
A-3 90263BEM6 1,000.000000 5.812500 0.000000 5.812500 1,000.000000 6.975000% 6.975000%
A-4 90263BES3 1,000.000000 5.941667 0.000000 5.941667 1,000.000000 7.130000% 7.130000%
A-5 90263BEN4 1,000.000000 6.054167 0.000000 6.054167 1,000.000000 7.265000% 7.265000%
A-6 90263BEP9 1,000.000000 6.195834 0.000000 6.195834 1,000.000000 7.435000% 7.435000%
A-7 90263BEQ7 1,000.000000 6.383333 0.000000 6.383333 1,000.000000 7.660000% 7.660000%
A-8 90263BER5 1,000.000000 6.016667 0.000000 6.016667 1,000.000000 7.220000% 7.220000%
EI-1 0.000000 1.235883 0.000000 1.235883 0.000000 5.125915% 1.873975%
EI-2 0.000000 0.477470 0.000000 0.477470 0.000000 4.175915% 0.923975%
EI-3 0.000000 0.492986 0.000000 0.492986 0.000000 4.000915% 0.748975%
EI-4 0.000000 0.217332 0.000000 0.217332 0.000000 3.845915% 0.593975%
EI-5 0.000000 0.224790 0.000000 0.224790 0.000000 3.710915% 0.458975%
EI-6 0.000000 0.146018 0.000000 0.146018 0.000000 3.540915% 0.288975%
EI-7 0.000000 0.153814 0.000000 0.153814 0.000000 3.315915% 0.063975%
EI-8 0.000000 0.286314 0.000000 0.286314 0.000000 3.755915% 0.503975%
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 N/A N/A
R-1 0.000000 0.287472 0.000000 0.287472 0.000000 N/A N/A
- ----------------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: Prudential Securities Incorporated Irvine, CA 92714
RECORD DATE: April 30, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: May 15, 1997 (800) 735-7777
Page 14 (c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-A2
REMIC III
Statement To Certificateholders
<TABLE>
- ----------------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTION IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- -------------- ------------- ------------ ---------- ------------ -------- -------- --------------
A-9 175,000,000.00 174,709,956.94 866,270.20 376,096.89 1,242,367.09 0.00 0.00 174,333,860.05
R-2 0.00 0.00 60,011.39 0.00 60,011.39 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------
TOTALS 175,000,000.00 174,709,956.94 926,281.59 376,096.89 1,302,378.48 0.00 0.00 174,333,860.05
</TABLE>
<TABLE>
- -----------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL -------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- ------------ -------- --------- -------- ---------- -------- ---------
A-9 90263BE11 998.342611 4.950115 2.149125 7.099240 996.193486 5.950000% 5.950000%
R-2 0.000000 0.342922 0.000000 0.342922 0.000000 N/A N/A
- ---------------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: Prudential Securities Incorporated Irvine, CA 92714
RECORD DATE: April 30, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: May 15, 1997 (800) 735-7777
Page 15 (c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation EXHIBIT 20.5
Home Equity Loan Pass-Through Certificates
Series 1997-A1 and 1997-A2
Reserve Fund Trust
Statement To Certificateholders
<TABLE>
- ----------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- --------- -------- --------- --------- -------- -------- ---------
A TRUST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
B TRUST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------
TOTALS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
==============================================================================================
</TABLE>
<TABLE>
- -----------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- ------- -------- --------- ------ --------- ------- --------
A TRUST 0.000000 0.000000 0.000000 0.000000 0.000000 N/A N/A
B TRUST 0.000000 0.000000 0.000000 0.000000 0.000000 N/A N/A
- ------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: Prudential Securities Incorporated Irvine, CA 92714
RECORD DATE: April 30, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: May 15, 1997 (800) 735-7777
Page 16
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation EXHIBIT 20.6
Home Equity Loan Pass-Through Certificates
Series 1997-A1 and 1997-A2
Statement To Certificateholders
Distribution Date: May 15, 1997
LOAN GROUP 1 PRINCIPAL BALANCE: 339,520,033.89
TOTAL PRINCIPAL: 2,300,703.61
PREPAYMENTS: 1,892,828.68
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 3,310,509.49
LOAN GROUP 2 PRINCIPAL BALANCE: 152,681,847.13
TOTAL PRINCIPAL: 376,096.89
PREPAYMENTS: 248,964.67
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 1,245,576.92
SUBSTITUTION AMOUNTS GROUP 1: 0.00
LOAN PURCHASE PRICES GROUP 1: 0.00
SUBSTITUTION AMOUNTS GROUP 2: 0.00
LOAN PURCHASE PRICES GROUP 2: 0.00
RESERVE ACCOUNT BALANCE: 14,427,495.58
SPECIFIED RESERVE ACCOUNT REQUIREMENT: 34,375,000.00
CUMULATIVE RESERVE ACCOUNT WITHDRAWALS
AS OF THE CURRENT PAYMENT DATE: 0.00
SUBORDINATED AMOUNT AS OF THE CURRENT
PAYMENT DATE: 93,500,000.00
GROUP 1 INSURED PAYMENT RELATING TO THE
CURRENT PAYMENT DATE: 0.00
GROUP 2 INSURED PAYMENT RELATING TO THE
CURRENT PAYMENT DATE: 0.00
TOTAL TOTAL
ACCRUED DUE
------- ----------
SERVICING FEES GROUP 1: 142,425.56 135,060.11
SERVICING FEES GROUP 2: 63,774.17 61,579.89
GUARANTEE FEES DUE GROUP 1: 926,093.54
GUARANTEE FEES DUE GROUP 2: 202,134.22
Page 17
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-A1 and 1997-A2
Statement To Certificateholders
Distribution Date: May 15, 1997
GROUP 1 REALIZED LOSSES FOR THE
RELATED REMITTANCE PERIOD: 0.00
GROUP 1 CUMULATIVE REALIZED LOSSES
AS OF THE CURRENT PAYMENT DATE: 0.00
GROUP 2 REALIZED LOSSES FOR THE
RELATED REMITTANCE PERIOD: 0.00
GROUP 2 CUMULATIVE REALIZED LOSSES
AS OF THE CURRENT PAYMENT DATE: 0.00
CLASS A-1 LIBOR RATE FOR THE RELATED ACCRUAL PERIOD: 5.8500%
CLASS A-9 LIBOR RATE FOR THE RELATED ACCRUAL PERIOD: 5.9500%
<TABLE>
- -----------------------------------------------------------------------------------
<CAPTION>
DELINQUENT AND LOANS
FORECLOSURE LOAN 30 TO 59 60 TO 89 90 AND OVER IN
INFORMATION DAYS DAYS DAYS FORE-
CLOSURE
- -----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
PRINCIPAL BALANCE - GROUP 1 1,725,859.98 96,141.02 0.00 0.00
NUMBER OF LOANS 32 2 0 0
PRINCIPAL BALANCE - GROUP 2 729,183.39 0.00 102,666.02 0.00
NUMBER OF LOANS 8 0 1 0
AGGREGATE PRINCIPAL BALANCE 2,455,043.37 96,141.02 102,666.02 0.00
AGGREGATE NUMBER OF LOANS 40 2 1 0
Note: Quantity and Principal Balance of Foreclosures and Bankruptcies
are Included in the Delinquency Figures.
- -----------------------------------------------------------------------------------
</TABLE>
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 1: 5
PRINCIPAL BALANCE OF LOANS IN
BANKRUPTCY PROCEEDINGS-GROUP 1: 334,530.69
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 2: 1
PRINCIPAL BALANCE OF LOANS IN
BANKRUPTCY PROCEEDINGS-GROUP 2: 30,100.00
REO LOANS - GROUP 1: 0
PRINCIPAL BALANCE OF REO LOANS - GROUP 1: 0.00
REO LOANS - GROUP 2: 0
PRINCIPAL BALANCE OF REO LOANS - GROUP 2: 0.00
BOOK VALUE OF REO PROPERTY, IF AVAILABLE: 0.00
REO PROCEEDS: 0.00
REO PROPERTY MATTERS: (SEE ATTACHMENTS IF ANY)
OTHER FORECLOSURE INFORMATION: (SEE ATTACHMENTS IF ANY)
Page 18
(c) COPYRIGHT 1997 Bankers Trust Company
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-A1 and 1997-A2
Statement To Certificateholders
Distribution Date: May 15, 1997
CLASS A-1 INTEREST SHORTFALL AMOUNT:
CLASS A-2 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-3 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-4 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-5 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-6 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-7 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-8 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-9 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-1 PRINCIPAL SHORTFALL AMOUNT:
CLASS A-2 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-3 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-4 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-5 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-6 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-7 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-8 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-9 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-1 CARRY-FORWARD AMOUNT: 0.00
CLASS A-2 CARRY-FORWARD AMOUNT: 0.00
CLASS A-3 CARRY-FORWARD AMOUNT: 0.00
CLASS A-4 CARRY-FORWARD AMOUNT: 0.00
CLASS A-5 CARRY-FORWARD AMOUNT: 0.00
CLASS A-6 CARRY-FORWARD AMOUNT: 0.00
CLASS A-7 CARRY-FORWARD AMOUNT: 0.00
CLASS A-8 CARRY-FORWARD AMOUNT: 0.00
CLASS A-9 CARRY-FORWARD AMOUNT: 0.00
PAGE 19
(c) COPYRIGHT 1997 Bankers Trust Company
