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) January 15, 1998
------------------
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 and
1997-A2, Remic II; and Series 1997-A1 and Series
1997-A2, Remic III, Monthly Report to Certificate-
holders for the Distribution Date in January, 1998.
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 January, 1998. 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 January, 1998. Pages 10-12.
20.4 UCFC Acceptance Corporation, Home Equity
Loan Pass-Through Certificates, Series 1997-B1, Remic I,
Statement to Certificateholders for the Distribution
Date in January, 1998. Pages 13-16.
20.5 UCFC Acceptance Corporation, Home Equity
Loan Pass-Through Certificates, Series 1997-C, Remic I, II,
and III, Statement to Certificateholders for the Distribution
Date in January, 1998. Pages 17-22.
20.6 UCFC Acceptance Corporation, Home Equity
Loan Pass-Through Certificates, Series 1997-D, Remic I, II,
and III, Statement to Certificateholders for the Distribution
Date in January, 1998. Pages 23-29.
<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: January 30, 1998
PAGE 4
<PAGE>
EXHIBIT INDEX
Exhibit
No. Description
------- -----------
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 and
1997-A2, Remic II; and Series 1997-A1 and Series
1997-A2, Remic III, Monthly Report to Certificate-
holders for the Distribution Date in January, 1998.
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 January, 1998. 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 January, 1998.
Pages 10-12.
20.4 UCFC Acceptance Corporation, Home Equity
Loan Pass-Through Certificates, Series 1997-B1, Remic I,
Statement to Certificateholders for the Distribution
Date in January, 1998. Pages 13-16.
20.5 UCFC Acceptance Corporation, Home Equity
Loan Pass-Through Certificates, Series 1997-C, Remics I,
II, and III, Statement to Certificateholders for the
Distribution Date in January, 1998. Pages 17-22.
20.6 UCFC Acceptance Corporation, Home Equity
Loan Pass-Through Certificates, Series 1997-D, Remic I,
II, and III, Statement to Certificateholders for the
Distribution Date in January, 1998. Pages 23-29.
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 74,607,460.05 680,852.98 5,968,154.13 6,649,007.11 0.00 0.00 68,639,305.92
2 56,247,000.00 56,247,000.00 513,299.04 0.00 513,299.04 0.00 0.00 56,247,000.00
3 60,615,000.00 60,615,000.00 553,160.55 0.00 553,160.55 0.00 0.00 60,615,000.00
4 27,799,000.00 27,799,000.00 253,688.19 0.00 253,688.19 0.00 0.00 27,799,000.00
5 29,799,000.00 29,799,000.00 271,939.80 0.00 271,939.80 0.00 0.00 29,799,000.00
6 20,286,000.00 20,286,000.00 185,126.04 0.00 185,126.04 0.00 0.00 20,286,000.00
7 22,819,000.00 22,819,000.00 208,241.69 0.00 208,241.69 0.00 0.00 22,819,000.00
8 37,500,000.00 37,500,000.00 342,217.61 0.00 342,217.61 0.00 0.00 37,500,000.00
RI 0.00 0.00 726.14 0.00 726.14 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------------------------
TOTALS: 375,000,000.00 329,672,460.05 3,009,252.04 5,968,154.13 8,977,406.17 0.00 0.00 323,704,305.92
=====================================================================================================================
</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
- ------ ----- ------------ -------- ----------- ---------- ---------- -------- ---------
1 622.065786 5.676850 49.761572 55.438422 572.304214 7.749326% 7.746848%
2 1,000.000000 9.125803 0.000000 9.125803 1,000.000000 7.749326% 7.746848%
3 1,000.000000 9.125803 0.000000 9.125803 1,000.000000 7.749326% 7.746848%
4 1,000.000000 9.125803 0.000000 9.125803 1,000.000000 7.749326% 7.746848%
5 1,000.000000 9.125803 0.000000 9.125803 1,000.000000 7.749326% 7.746848%
6 1,000.000000 9.125803 0.000000 9.125803 1,000.000000 7.749326% 7.746848%
7 1,000.000000 9.125803 0.000000 9.125803 1,000.000000 7.749326% 7.746848%
8 1,000.000000 9.125803 0.000000 9.125803 1,000.000000 7.749326% 7.746848%
RI 0.000000 0.001936 0.000000 0.001936 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: December 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: January 15, 1998 (800) 735-7777
Page 6
(c) COPYRIGHT 1998 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-A1 and 1997-A2
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 74,607,460.05 399,927.07 5,968,154.13 6,368,081.20 0.00 0.00 68,639,305.92
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 0.00 280,925.91 0.00 280,925.91 0.00 0.00 0.00
EI-2 0.00 0.00 194,566.04 0.00 194,566.04 0.00 0.00 0.00
EI-3 0.00 0.00 200,835.86 0.00 200,835.86 0.00 0.00 0.00
EI-4 0.00 0.00 88,515.80 0.00 88,515.80 0.00 0.00 0.00
EI-5 0.00 0.00 91,531.69 0.00 91,531.69 0.00 0.00 0.00
EI-6 0.00 0.00 59,437.36 0.00 59,437.36 0.00 0.00 0.00
EI-7 0.00 0.00 62,580.41 0.00 62,580.41 0.00 0.00 0.00
EI-8 0.00 0.00 116,592.61 0.00 116,592.61 0.00 0.00 0.00
RII 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 726.14 0.00 726.14 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------
TOTALS: 375,000,000.00 329,672,460.05 3,009,252.04 5,968,154.13 8,977,406.17 0.00 0.00 323,704,305.92
=======================================================================================================================
</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 622.065786 3.334532 49.761572 53.096104 572.304214 6.225000% 5.725000%
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 0.749136 0.000000 0.749136 0.000000 4.518464% 5.029926%
EI-2 0.000000 0.518843 0.000000 0.518843 0.000000 4.150964% 4.145759%
EI-3 0.000000 0.535562 0.000000 0.535562 0.000000 3.975964% 3.970759%
EI-4 0.000000 0.236042 0.000000 0.236042 0.000000 3.820964% 3.815759%
EI-5 0.000000 0.244085 0.000000 0.244085 0.000000 3.685964% 3.680759%
EI-6 0.000000 0.158500 0.000000 0.158500 0.000000 3.515964% 3.510759%
EI-7 0.000000 0.166881 0.000000 0.166881 0.000000 3.290964% 3.285759%
EI-8 0.000000 0.310914 0.000000 0.310914 0.000000 3.730964% 3.725759%
RII 0.000000 0.000000 0.000000 0.000000 0.000000 N/A N/A
R1 0.000000 0.001936 0.000000 0.001936 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: December 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: January 15, 1998 (800) 735-7777
Page 7 (c) COPYRIGHT 1998 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-A1 and 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-9 175,000,000.00 158,854,431.76 865,205.08 4,428,921.90 5,294,126.98 0.00 0.00 154,425,509.86
R-2 0.00 0.00 538.85 0.00 538.85 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------
TOTALS 175,000,000.00 158,854,431.76 865,743.93 4,428,921.90 5,294,665.83 0.00 0.00 154,425,509.86
</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 907.739610 4.944029 25.308125 30.252154 882.431485 6.325000% 5.825000%
R-2 0.000000 0.003079 0.000000 0.003079 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: December 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: January 15, 1998 (800) 735-7777
Page 8 (c) COPYRIGHT 1998 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: December 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: January 15, 1998 (800) 735-7777
Page 9
(c) COPYRIGHT 1998 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: January 15, 1997
LOAN GROUP 1 PRINCIPAL BALANCE: 323,704,305.92
TOTAL PRINCIPAL: 5,968,154.13
PREPAYMENTS: 5,104,716.39
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 3,185,999.58
LOAN GROUP 2 PRINCIPAL BALANCE: 154,425,510.02
TOTAL PRINCIPAL: 4,428,921.90
PREPAYMENTS: 4,181,706.99
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 1,367,509.74
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: 28,555,989.03
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: 137,363.52 103,952.43
SERVICING FEES GROUP 2: 66,189.35 53,755.67
GUARANTEE FEES DUE GROUP 1: 879,576.39
GUARANTEE FEES DUE GROUP 2: 208,394.01
WEIGHTED AVERAGE COUPON RATE GROUP 1 11.5970%
WEIGHTED AVERAGE COUPON RATE GROUP 2 10.3303%
WEIGHTED AVERAGE REMAINING TERM GROUP 1 232
WEIGHTED AVERAGE REMAINING TERM GROUP 2 329
Page 10
(c) COPYRIGHT 1998 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-A1 and 1997-A2
Statement To Certificateholders
Distribution Date: January 15, 1998
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: 6.2250%
CLASS A-9 LIBOR RATE FOR THE RELATED ACCRUAL PERIOD: 6.3250%
<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 12,401,704.52 4,614,950.71 16,059,738.98 0.00
NUMBER OF LOANS 288 103 298 0
PRINCIPAL BALANCE - GROUP 2 3,959,230.01 1,492,573.49 5,629,449.39 0.00
NUMBER OF LOANS 64 26 79 0
AGGREGATE PRINCIPAL BALANCE 16,360,934.53 6,107,524.20 21,689,188.37 0.00
AGGREGATE NUMBER OF LOANS 352 129 377 0
Note: Quantity and Principal Balance of Foreclosures and Bankruptcies
are Included in the Delinquency Figures.
- -----------------------------------------------------------------------------------
</TABLE>
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 1: 98
PRINCIPAL BALANCE OF LOANS IN
BANKRUPTCY PROCEEDINGS-GROUP 1: 4,946,001.38
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 2: 19
PRINCIPAL BALANCE OF LOANS IN
BANKRUPTCY PROCEEDINGS-GROUP 2: 1,318,422.86
REO LOANS - GROUP 1: 5
PRINCIPAL BALANCE OF REO LOANS - GROUP 1: 199,528.66
REO LOANS - GROUP 2: 4
PRINCIPAL BALANCE OF REO LOANS - GROUP 2: 318,304.28
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 1998 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-A1 and 1997-A2
Statement To Certificateholders
- --------------------------------------------------------------------
Distribution Date: January 15, 1998
- --------------------------------------------------------------------
CLASS A-1 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
CLASS A-2 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
CLASS A-3 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
CLASS A-4 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
CLASS A-5 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
CLASS A-6 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
CLASS A-7 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
CLASS A-8 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
CLASS A-9 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
GROUP ONE PRINCIPAL CARRY FORWARD AMOUNT - NEXT MONTH 0.00
GROUP TWO PRINCIPAL CARRY FORWARD AMOUNT - NEXT MONTH 0.00
GROUP ONE INTEREST SHORTFALL - CURRENT MONTH 0.00
GROUP TWO INTEREST SHORTFALL - CURRENT MONTH 0.00
GROUP ONE PRINCIPAL SHORTFALL - CURRENT MONTH 0.00
GROUP TWO PRINCIPAL SHORTFALL - CURRENT MONTH 0.00
PAGE 12
(c) COPYRIGHT 1998 Bankers Trust Company
UCFC Acceptance Corporation EXHIBIT 20.4
Home Equity Loan Pass-Through Certificates
Series 1997-B1
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
- ----- ---------- -------------- ----------- --------- ------------- -------- -------- --------------
A-1 90,000,000.00 70,075,706.99 375,634.99 3,724,685.36 4,100,320.35 0.00 0.00 66,351,021.63
A-2 33,000,000.00 33,000,000.00 179,300.00 0.00 179,300.00 0.00 0.00 33,000,000.00
A-3 45,000,000.00 45,000,000.00 249,562.50 0.00 249,562.50 0.00 0.00 45,000,000.00
A-4 35,500,000.00 35,500,000.00 205,308.33 0.00 205,308.33 0.00 0.00 35,500,000.00
A-5 21,500,000.00 21,500,000.00 130,254.17 0.00 130,254.17 0.00 0.00 21,500,000.00
A-6 25,000,000.00 25,000,000.00 143,750.00 0.00 143,750.00 0.00 0.00 25,000,000.00
A-7 350,000,000.00 328,323,990.96 1,799,534.67 4,540,239.42 6,339,774.09 0.00 0.00 323,783,751.54
R-1 0.00 0.00 552.39 0.00 552.39 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------
TOTALS 600,000,000.00 558,399,697.95 3,083,897.05 8,264,924.78 11,348,821.83 0.00 0.00 550,134,773.17
========================================================================================================================
</TABLE>
<TABLE>
- --------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<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 90263BEU8 778.618967 4.173722 41.385393 45.559115 737.233574 6.225000% 5.725000%
A-2 90263BEV8 1,000.000000 5.433333 0.000000 5.433333 1,000.000000 6.520000% 6.520000%
A-3 90263BEW4 1,000.000000 5.545833 0.000000 5.545833 1,000.000000 6.655000% 6.655000%
A-4 90263BEX2 1,000.000000 5.783333 0.000000 5.783333 1,000.000000 6.940000% 6.940000%
A-5 90263BEYO 1,000.000000 6.058333 0.000000 6.058333 1,000.000000 7.270000% 7.270000%
A-6 90263BEZ7 1,000.000000 5.750000 0.000000 5.750000 1,000.000000 6.900000% 6.900000%
A-7 90263BFAI 938.068546 5.141528 12.972113 18.113640 925.096433 6.365000% 5.865000%
R-1 UC97B1101 0.000000 0.000921 0.000000 0.000921 0.000000 0.000000% 0.000000%
- -----------------------------------------------------------------------------------------------------
</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: December 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: January 15, 1998 (800) 735-7777
Page 13
(c) COPYRIGHT 1998 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-B1
Statement to Certificateholders
Distribution Date: January 15, 1998
LOAN GROUP 1 PRINCIPAL BALANCE: 232,601,021.63
TOTAL PRINCIPAL: 3,724,685.36
PREPAYMENTS: 3,327,338.01
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 2,337,558.08
LOAN GROUP 2 PRINCIPAL BALANCE: 323,783,751.54
TOTAL PRINCIPAL: 4,540,239.42
PREPAYMENTS: 4,277,419.11
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 2,829,667.86
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: 15,479,752.86
PRIOR MONTH SPECIFIED RESERVE ACCOUNT REQUIREMENT: 26,250,000.00
SPECIFIED RESERVE ACCOUNT REQUIREMENT: 26,250,000.00
CUMULATIVE RESERVE ACCOUNT WITHDRAWALS
AS OF THE CURRENT PAYMENT DATE: 0.00
SUBORDINATED AMOUNT AS OF THE CURRENT PAYMENT DATE: 102,000,000.00
PRIOR MONTH REQUIRED OVERCOLLATERALIZATION AMOUNT: 6,250,000.00
REQUIRED OVERCOLLATERALIZATION AMOUNT: 6,250,000.00
PRIOR MONTH OVERCOLLATERALIZATION AMOUNT: 6,250,000.00
OVERCOLLATERALIZATION AMOUNT: 6,250,000.00
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 Accrued Total Due
------------- ---------
SERVICING FEES DUE GROUP 1: 98,469.05 77,687.66
SERVICING FEES DUE GROUP 2: 136,801.67 111,820.22
GUARANTEE FEES DUE GROUP 1: 696,168.82
GUARANTEE FEES DUE GROUP 2: 554,700.54
WEIGHTED AVERAGE COUPON RATE GROUP 1 11.8695%
WEIGHTED AVERAGE COUPON RATE GROUP 2 10.3422%
WEIGHTED AVERAGE REMAINING TERM GROUP 1 235
WEIGHTED AVERAGE REMAINING TERM GROUP 2 346
Page 14
(c) COPYRIGHT 1998 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-B1
Statement to Certificateholders
Distribution Date: January 15, 1998
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: 6.2250%
CLASS A-7 LIBOR RATE FOR THE RELATED ACCRUAL PERIOD: 6.3650%
<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 8,906,852.40 3,271,628.87 5,815,519.40 0.00
NUMBER OF LOANS 205 73 138 0
PRINCIPAL BALANCE - GROUP 2 9,342,259.80 3,363,980.31 6,490,665.55 0.00
NUMBER OF LOANS 132 50 84 0
AGGREGATE PRINCIPAL BALANCE 18,249,112.20 6,635,609.18 12,306,184.95 0.00
AGGREGATE NUMBER OF LOANS 337 123 222 0
Note: Quantity and Principal Balance of Foreclosures and Bankruptcies
are Included in the Delinquency Figures.
- -----------------------------------------------------------------------------------
</TABLE>
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 1: 35
PRINCIPAL BALANCE OF LOANS IN
BANKRUPTCY PROCEEDINGS-GROUP 1: 1,593,420.38
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 2: 34
PRINCIPAL BALANCE OF LOANS IN
BANKRUPTCY PROCEEDINGS-GROUP 2: 2,501,362.55
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 15
(c) COPYRIGHT 1998 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-B1
Statement To Certificateholders
Distribution Date: January 15, 1998
CLASS A-1 INTEREST SHORTFALL AMOUNT: 0.00
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-1 PRINCIPAL SHORTFALL AMOUNT: 0.00
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-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
LIBOR INTEREST CARRYOVER INCLUDED
IN CURRENT DISTRIBUTION 0.00
LIBOR INTEREST CARRYOVER AFTER
PAYMENT DATE 0.00
PAGE 16
(c) COPYRIGHT 1998 Bankers Trust Company
UCFC Acceptance Corporation EXHIBIT 20.5
Home Equity Loan Pass-Through Certificates
Series 1997-C
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
- ----- ---------- -------------- ----------- --------- ------------- -------- -------- --------------
1 270,000,000.00 263,940,098.34 2,348,968.62 3,114,124.43 5,463,093.05 0.00 0.00 260,825,973.91
7 30,000,000.00 30,000,000.00 393,655.50 0.00 393,655.50 0.00 0.00 30,000,000.00
R-1 0.00 0.00 252,814.92 0.00 252,814.92 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------
TOTALS 300,000,000.00 293,940,098.34 2,995,439.04 3,114,124.43 6,109,563.47 0.00 0.00 290,825,973.91
========================================================================================================================
</TABLE>
<TABLE>
- --------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<C> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL --------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- --------- --------- --------- --------- --------- ------- ---------
1 977.555920 8.699884 11.533794 20.233678 966.022126 8.026739% 8.026145%
7 1,000.000000 13.121850 0.000000 13.121850 1,000.000000 8.026739% 8.026145%
R-1 0.000000 0.842716 0.000000 0.842716 0.000000 0.000000% 0.000000%
- -----------------------------------------------------------------------------------------------------
</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: December 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: January 15, 1998 (800) 735-7777
Page 17
(c) COPYRIGHT 1998 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-C
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 93,000,000.00 86,940,098.34 465,286.50 3,114,124.43 3,579,410.93 0.00 0.00 83,825,973.91
A-2 55,000,000.00 55,000,000.00 297,000.00 0.00 297,000.00 0.00 0.00 55,000,000.00
A-3 39,000,000.00 39,000,000.00 213,362.50 0.00 213,362.50 0.00 0.00 39,000,000.00
A-4 24,000,000.00 24,000,000.00 135,500.00 0.00 135,500.00 0.00 0.00 24,000,000.00
A-5 27,000,000.00 27,000,000.00 154,800.00 0.00 154,800.00 0.00 0.00 27,000,000.00
A-6 32,000,000.00 32,000,000.00 192,933.33 0.00 192,933.33 0.00 0.00 32,000,000.00
A-7 30,000,000.00 30,000,000.00 171,125.00 0.00 171,125.00 0.00 0.00 30,000,000.00
A-IO 0.00 0.00 126,666.67 0.00 126,666.67 0.00 0.00 0.00
R-2 0.00 0.00 252,814.92 0.00 252,814.92 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------
TOTALS: 300,000,000.00 293,940,098.34 2,009,488.92 3,114,124.43 5,123,613.35 0.00 0.00 290,825,973.91
=======================================================================================================================
</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 90263BFB9 934.839767 5.003081 33.485209 38.488290 901.354558 6.215000% 5.715000%
A-2 90263BFC7 1,000.000000 5.400000 0.000000 5.400000 1,000.000000 6.480000% 6.480000%
A-3 90263BFD5 1,000.000000 5.470833 0.000000 5.470833 1,000.000000 6.565000% 6.565000%
A-4 90263BFE3 1,000.000000 5.645833 0.000000 5.645833 1,000.000000 6.775000% 6.775000%
A-5 90263BFF0 1,000.000000 5.733333 0.000000 5.733333 1,000.000000 6.880000% 6.880000%
A-6 90263BFG8 1,000.000000 6.029167 0.000000 6.029167 1,000.000000 7.235000% 7.235000%
A-7 90263BFH6 1,000.000000 5.704167 0.000000 5.704167 1,000.000000 6.845000% 6.845000%
A-IO 90263BFJ2 0.000000 0.422222 0.000000 0.422222 0.000000 8.000000% 8.000000%
R-2 0.000000 0.842716 0.000000 0.842716 0.000000 0.000000% 0.000000%
- ----------------------------------------------------------------------------------------------------
</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: December 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: January 15, 1998 (800) 735-7777
Page 18
(c) COPYRIGHT 1998 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-C
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-8 400,000,000.00 391,042,617.10 2,129,824.48 3,823,889.72 5,953,714.20 0.00 0.00 387,218,727.38
R-3 0.00 0.00 336,297.54 0.00 336,297.54 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------
TOTALS 400,000,000.00 391,042,617.10 2,466,122.02 3,823,889.72 6,290,011.74 0.00 0.00 387,218,727.38
</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-8 90263BFK9 977.606543 5.324561 9.559724 14.884286 968.046818 6.325000% 5.825000%
R-3 0.000000 0.840744 0.000000 0.840744 0.000000 0.000000% 0.000000%
- --------------------------------------------------------------------------------------------------
</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: December 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: January 15, 1998 (800) 735-7777
Page 19
(c) COPYRIGHT 1998 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-C
Statement to Certificateholders
Distribution Date: January 15, 1998
LOAN GROUP 1 PRINCIPAL BALANCE: 290,825,973.91
TOTAL PRINCIPAL: 3,114,124.43
PREPAYMENTS: 2,565,945.63
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 2,900,739.40
LOAN GROUP 2 PRINCIPAL BALANCE: 387,219,518.99
TOTAL PRINCIPAL: 3,823,889.72
PREPAYMENTS: 3,464,512.27
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 3,373,442.59
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: 48,000,000.00
SPECIFIED RESERVE ACCOUNT REQUIREMENT: 48,000,000.00
CUMULATIVE RESERVE ACCOUNT WITHDRAWALS
AS OF THE CURRENT PAYMENT DATE: 0.00
RESERVE ACCOUNT WITHDRAWALS SINCE
PRIOR PAYMENT DATE: 0.00
SUBORDINATED AMOUNT AS OF THE CURRENT PAYMENT DATE: 119,000,000.00
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 Accrued Total Due
------------- ---------
SERVICING FEES GROUP 1: 122,475.04 106,426.80
SERVICING FEES GROUP 2: 162,934.75 145,026.67
GUARANTEE FEES DUE GROUP 1: 776,473.69
GUARANTEE FEES DUE GROUP 2: 671,622.28
WEIGHTED AVERAGE COUPON RATE GROUP 1 11.8422%
WEIGHTED AVERAGE COUPON RATE GROUP 2 10.3521%
WEIGHTED AVERAGE REMAINING TERM GROUP 1 238
WEIGHTED AVERAGE REMAINING TERM GROUP 2 338
Page 20
(c) COPYRIGHT 1998 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-C
Statement to Certificateholders
Distribution Date: January 15, 1998
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: 6.215000%
CLASS A-8 LIBOR RATE FOR THE RELATED ACCRUAL PERIOD: 6.325000%
<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 6,314,838.97 1,404,355.69 1,091,144.63 0.00
NUMBER OF LOANS 158 37 31 0
PRINCIPAL BALANCE - GROUP 2 5,075,153.75 2,982,685.60 636,697.26 0.00
NUMBER OF LOANS 74 32 9 0
AGGREGATE PRINCIPAL BALANCE 11,389,992.72 4,387,041.29 1,727,841.89 0.00
AGGREGATE NUMBER OF LOANS 232 69 40 0
Note: Quantity and Principal Balance of Foreclosures and Bankruptcies
are Included in the Delinquency Figures.
- -----------------------------------------------------------------------------------
</TABLE>
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 1: 13
PRINCIPAL BALANCE OF LOANS IN
BANKRUPTCY PROCEEDINGS-GROUP 1: 583,005.52
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 2: 14
PRINCIPAL BALANCE OF LOANS IN
BANKRUPTCY PROCEEDINGS-GROUP 2: 1,008,271.87
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 21
(c) COPYRIGHT 1998 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-C
Statement To Certificateholders
Distribution Date: January 15, 1998
CLASS A-1 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
CLASS A-2 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
CLASS A-3 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
CLASS A-4 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
CLASS A-5 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
CLASS A-6 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
CLASS A-7 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
CLASS A-IO INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
CLASS A-8 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
GROUP ONE PRINCIPAL CARRY FORWARD AMOUNT - NEXT MONTH 0.00
GROUP TWO PRINCIPAL CARRY FORWARD AMOUNT - NEXT MONTH 0.00
GROUP ONE INTEREST SHORTFALL - CURRENT MONTH 0.00
GROUP TWO INTEREST SHORTFALL - CURRENT MONTH 0.00
GROUP ONE PRINCIPAL SHORTFALL - CURRENT MONTH 0.00
GROUP TWO PRINCIPAL SHORTFALL - CURRENT MONTH 0.00
PAGE 22
(c) COPYRIGHT 1998 Bankers Trust Company
UCFC Acceptance Corporation EXHIBIT 20.6
Home Equity Loan Pass-Through Certificates
Series 1997-D
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
- ----- ---------- -------------- ----------- --------- ------------- -------- -------- --------------
1 270,000,000.00 270,000,000.00 2,360,795.66 1,246,700.19 3,607,495.85 0.00 0.00 268,753,299.81
7 30,000,000.00 30,000,000.00 387,310.63 0.00 387,310.63 0.00 0.00 30,000,000.00
R-1 0.00 0.00 656,269.10 0.00 656,269.10 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------
TOTALS 300,000,000.00 300,000,000.00 3,404,375.39 1,246,700.19 4,651,075.58 0.00 0.00 298,753,299.81
========================================================================================================================
</TABLE>
<TABLE>
- --------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<C> <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 8.743688 4.617408 13.361096 995.382592 7.901780% 7.901834%
7 1,000.000000 12.910354 0.000000 12.910354 1,000.000000 7.901780% 7.901834%
R-1 0.000000 2.187564 0.000000 2.187564 0.000000 0.000000% 0.000000%
- -----------------------------------------------------------------------------------------------------
</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: December 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: January 15, 1998 (800) 735-7777
Page 23
(c) COPYRIGHT 1998 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-D
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 95,300,000.00 95,300,000.00 436,622.91 1,246,700.19 1,683,323.10 0.00 0.00 94,053,299.81
A-2 47,500,000.00 47,500,000.00 256,302.08 0.00 256,302.08 0.00 0.00 47,500,000.00
A-3 38,200,000.00 38,200,000.00 207,235.00 0.00 207,235.00 0.00 0.00 38,200,000.00
A-4 40,400,000.00 40,400,000.00 224,556.67 0.00 224,556.67 0.00 0.00 40,400,000.00
A-5 18,110,000.00 18,110,000.00 101,944.21 0.00 101,944.21 0.00 0.00 18,110,000.00
A-6 30,490,000.00 30,490,000.00 180,272.13 0.00 180,272.13 0.00 0.00 30,490,000.00
A-7 30,000,000.00 30,000,000.00 167,000.00 0.00 167,000.00 0.00 0.00 30,000,000.00
A-IO 0.00 0.00 125,000.00 0.00 125,000.00 0.00 0.00 0.00
R-2 0.00 0.00 656,269.10 0.00 656,269.10 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------
TOTALS: 300,000,000.00 300,000,000.00 2,355,202.10 1,246,700.19 3,601,902.29 0.00 0.00 298,753,299.81
=======================================================================================================================
</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 90263BFL7 1,000.000000 4.581563 13.081849 17.663411 986.918151 6.108750% 5.765000%
A-2 90263BFM5 1,000.000000 5.395833 0.000000 5.395833 1,000.000000 6.475000% 6.475000%
A-3 90263BFN3 1,000.000000 5.425000 0.000000 5.425000 1,000.000000 6.510000% 6.510000%
A-4 90263BFP8 1,000.000000 5.558333 0.000000 5.558333 1,000.000000 6.670000% 6.670000%
A-5 90263BFQ6 1,000.000000 5.629167 0.000000 5.629167 1,000.000000 6.755000% 6.755000%
A-6 90263BFR4 1,000.000000 5.912500 0.000000 5.912500 1,000.000000 7.095000% 7.095000%
A-7 90263BFS2 1,000.000000 5.566667 0.000000 5.566667 1,000.000000 6.680000% 6.680000%
A-IO 90263BFT0 0.000000 4.166667 0.000000 4.166667 0.000000 5.000000% 5.000000%
R-2 0.000000 2.187564 0.000000 2.187564 0.000000 0.000000% 0.000000%
- ----------------------------------------------------------------------------------------------------
</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: December 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: January 15, 1998 (800) 735-7777
Page 24
(c) COPYRIGHT 1998 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-D
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-8 375,000,000.00 375,000,000.00 1,740,585.94 1,807,418.90 3,548,004.84 0.00 0.00 373,192,581.10
A-9 200,000,000.00 200,000,000.00 926,812.50 1,169,405.81 2,096,218.31 0.00 0.00 198,830,594.19
R-3 0.00 0.00 982,221.76 0.00 982,221.76 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------
TOTALS 575,000,000.00 575,000,000.00 3,649,620.20 2,976,824.71 6,626,444.91 0.00 0.00 572,023,175.29
</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-8 90263BFU7 1,000.000000 4.641563 4.819784 9.461346 995.180216 6.188750% 5.845000%
A-9 90263BFV5 1,000.000000 4.634063 5.847029 10.481092 994.152971 6.178750% 5.835000%
R-3 0.000000 3.274073 0.000000 3.274073 0.000000 0.000000% 0.000000%
- --------------------------------------------------------------------------------------------------
</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: December 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: January 15, 1998 (800) 735-7777
Page 25
(c) COPYRIGHT 1998 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-D
Statement to Certificateholders
Distribution Date: January 15, 1998
LOAN GROUP 1 PRINCIPAL BALANCE: 298,753,299.81
TOTAL PRINCIPAL: 1,246,580.14
PREPAYMENTS: 1,064,545.15
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 2,906,855.55
LOAN GROUP 2 PRINCIPAL BALANCE: 357,329,968.87
TOTAL PRINCIPAL: 1,807,418.90
PREPAYMENTS: 1,658,866.27
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 2,957,735.90
LOAN GROUP 3 PRINCIPAL BALANCE: 148,831,322.04
TOTAL PRINCIPAL: 1,169,405.81
PREPAYMENTS: 1,063,585.71
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 1,222,844.43
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
SUBSTITUTION AMOUNTS GROUP 3: 0.00
LOAN PURCHASE PRICES GROUP 3: 0.00
RESERVE ACCOUNT BALANCE: 14,842,769.95
SPECIFIED RESERVE ACCOUNT REQUIREMENT: 55,562,500.00
CUMULATIVE RESERVE ACCOUNT WITHDRAWALS
AS OF THE CURRENT PAYMENT DATE: 5,493.37
RESERVE ACCOUNT WITHDRAWALS SINCE
PRIOR PAYMENT DATE: 5,493.37
SUBORDINATED AMOUNT AS OF THE CURRENT PAYMENT DATE: 148,744,506.63
GROUP 1 INSURED PAYMENT RELATING
TO THE CURRENT PAYMENT DATE: 0.00
GROUP 2 INSURED PAYMENT RELATING
TO THE CURRENT PAYMENT DATE: 0.00
GROUP 3 INSURED PAYMENT RELATING
TO THE CURRENT PAYMENT DATE: 0.00
Page 26
(c) COPYRIGHT 1998 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-D
Statement to Certificateholders
Distribution Date: January 15, 1998
Total Accrued Total Due
------------- ---------
SERVICING FEES GROUP 1: 124,999.95 38,861.30
SERVICING FEES GROUP 2: 149,640.58 52,581.01
SERVICING FEES GROUP 3: 62,500.31 14,940.55
GUARANTEE FEES DUE GROUP 1: 772,661.49
GUARANTEE FEES DUE GROUP 2: 715,476.92
GUARANTEE FEES DUE GROUP 3: 291,431.60
WEIGHTED AVERAGE COUPON RATE GROUP 1 11.6274%
WEIGHTED AVERAGE COUPON RATE GROUP 2 9.8828%
WEIGHTED AVERAGE COUPON RATE GROUP 3 9.7827%
WEIGHTED AVERAGE REMAINING TERM GROUP 1 244
WEIGHTED AVERAGE REMAINING TERM GROUP 2 346
WEIGHTED AVERAGE REMAINING TERM GROUP 3 340
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
GROUP 3 REALIZED LOSSES FOR THE
RELATED REMITTANCE PERIOD: 0.00
GROUP 3 CUMULATIVE REALIZED LOSSES
AS OF THE CURRENT PAYMENT DATE: 0.00
CLASS A-1 LIBOR RATE FOR THE RELATED ACCRUAL PERIOD: 6.108750%
CLASS A-8 LIBOR RATE FOR THE RELATED ACCRUAL PERIOD: 6.188750%
CLASS A-9 LIBOR RATE FOR THE RELATED ACCRUAL PERIOD: 6.178750%
Page 27
(c) COPYRIGHT 1998 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-D
Statement to Certificateholders
Distribution Date: January 15, 1998
<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 9,131,379.66 35,432.57 48,919.77 0.00
NUMBER OF LOANS 200 1 1 0
PRINCIPAL BALANCE - GROUP 2 4,816,254.31 310,199.08 0.00 0.00
NUMBER OF LOANS 49 2 0 0
PRINCIPAL BALANCE - GROUP 3 1,370,395.50 0.00 0.00 0.00
NUMBER OF LOANS 20 0 0 0
AGGREGATE PRINCIPAL BALANCE 15,318,029.47 345,631.65 48,919.77 0.00
AGGREGATE NUMBER OF LOANS 269 3 1 0
Note: Quantity and Principal Balance of Foreclosures and Bankruptcies
are Included in the Delinquency Figures.
- -----------------------------------------------------------------------------------
</TABLE>
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 1: 1
PRINCIPAL BALANCE OF LOANS IN
BANKRUPTCY PROCEEDINGS-GROUP 1: 151,338.00
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 2: 0
PRINCIPAL BALANCE OF LOANS IN
BANKRUPTCY PROCEEDINGS-GROUP 2: 0.00
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 3: 0
PRINCIPAL BALANCE OF LOANS IN
BANKRUPTCY PROCEEDINGS-GROUP 3: 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
REO LOANS - GROUP 3: 0
PRINCIPAL BALANCE OF REO LOANS - GROUP 3: 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 28
(c) COPYRIGHT 1998 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1997-D
Statement To Certificateholders
Distribution Date: January 15, 1998
CLASS A-1 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
CLASS A-2 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
CLASS A-3 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
CLASS A-4 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
CLASS A-5 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
CLASS A-6 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
CLASS A-7 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
CLASS A-IO INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
CLASS A-8 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
CLASS A-9 INTEREST CARRY-FORWARD AMOUNT - NEXT MONTH 0.00
GROUP ONE PRINCIPAL CARRY FORWARD AMOUNT - NEXT MONTH 0.00
GROUP TWO PRINCIPAL CARRY FORWARD AMOUNT - NEXT MONTH 0.00
GROUP THREE PRINCIPAL CARRY FORWARD AMOUNT - NEXT MONTH 0.00
GROUP ONE INTEREST SHORTFALL - CURRENT MONTH 0.00
GROUP TWO INTEREST SHORTFALL - CURRENT MONTH 0.00
GROUP THREE INTEREST SHORTFALL - CURRENT MONTH 0.00
GROUP ONE PRINCIPAL SHORTFALL - CURRENT MONTH 0.00
GROUP TWO PRINCIPAL SHORTFALL - CURRENT MONTH 0.00
GROUP THREE PRINCIPAL SHORTFALL - CURRENT MONTH 0.00
PAGE 29
(c) COPYRIGHT 1998 Bankers Trust Company
