====================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported)
JANUARY 15, 1999
AAMES CAPITAL CORPORATION
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(Exact name of Registrant as specified in its charter)
CALIFORNIA 333-46893-01 95-4438859
---------------------------- ------------ -------------------
(State or other jurisdiction (Commission (I.R.S. employer
of incorporation) file numbers) identification no.)
350 SOUTH GRAND AVENUE
LOS ANGELES, CALIFORNIA 90071
- ---------------------------------------- ----------
(Address of principal executive offices) (ZIP Code)
(213) 210-5000
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Registrant's telephone number, including area code
NA
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(Former name or former address, if changed since last report)
====================================================
<PAGE>
Item 7. FINANCIAL STATEMENTS; PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
20.1 Aames Capital Corporation, Mortgage Pass-Through
Certificates, Series 1998-C -- Statement to Certificateholders
2
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
AAMES CAPITAL CORPORATION
By: /s/ Barbara S. Polsky
-----------------------------
Barbara S. Polsky
Executive Vice President
Dated: January 25, 1999
3
<PAGE>
INDEX TO EXHIBITS
EXHIBIT
20.1 Aames Capital Corporation, Mortgage Pass-Through
Certificates, Series 1998-C -- Statement to Certificateholders
4
EXHIBIT 20.1
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1998-C
STATEMENT TO CERTIFICATEHOLDERS
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTIONS IN DOLLARS
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
I-1F 1,184,000.00 1,130,704.28 8,955.53 39,766.75 48,722.28 0.00 0.00 1,090,937.53
I-2F 803,000.00 803,000.00 6,360.01 0.00 6,360.01 0.00 0.00 803,000.00
I-3F 399,000.00 399,000.00 3,160.20 0.00 3,160.20 0.00 0.00 399,000.00
I-4F 721,000.00 721,000.00 5,710.54 0.00 5,710.54 0.00 0.00 721,000.00
I-5F 403,000.00 403,000.00 3,191.89 0.00 3,191.89 0.00 0.00 403,000.00
I-6F 390,000.00 390,000.00 3,088.92 0.00 3,088.92 0.00 0.00 390,000.00
I-MF 386,100,000.00 380,823,724.03 3,016,242.05 3,936,908.58 6,953,150.63 0.00 0.00 376,886,815.45
I-1A 1,950,000.00 1,905,215.20 14,439.58 22,366.67 36,806.25 0.00 0.00 1,882,848.53
I-2A 650,000.00 650,000.00 4,926.34 0.00 4,926.34 0.00 0.00 650,000.00
I-MA 257,400,000.00 252,966,304.83 1,917,226.04 2,214,300.06 4,131,526.10 0.00 0.00 250,752,004.77
R-I 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
TOTALS 650,000,000.00 640,191,948.34 4,983,301.10 6,213,342.06 11,196,643.16 0.00 0.00 633,978,606.28
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<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ESTIMATED
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
I-1F 954.986726 7.563792 33.586785 41.150577 921.399941 9.504372% 9.500427%
I-2F 1,000.000000 7.920311 0.000000 7.920311 1,000.000000 9.504372% 9.500427%
I-3F 1,000.000000 7.920301 0.000000 7.920301 1,000.000000 9.504372% 9.500427%
I-4F 1,000.000000 7.920305 0.000000 7.920305 1,000.000000 9.504372% 9.500427%
I-5F 1,000.000000 7.920323 0.000000 7.920323 1,000.000000 9.504372% 9.500427%
I-6F 1,000.000000 7.920308 0.000000 7.920308 1,000.000000 9.504372% 9.500427%
I-MF 986.334432 7.812075 10.196603 18.008678 976.137828 9.504372% 9.500427%
I-1A 977.033436 7.404913 11.470086 18.874999 965.563350 9.094774% 9.098196%
I-2A 1,000.000000 7.578985 0.000000 7.578985 1,000.000000 9.094774% 9.098196%
I-MA 982.775077 7.448431 8.602564 16.050995 974.172513 9.094774% 9.098196%
This statement is also available on Bankers Trust's website,
http://online.bankerstrust.com/invr. We begin posting statements to the website
at 7:00 p.m. EST on the business day before each distribution date.
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
SELLER: Aames Capital Corporation ADMINISTRATOR: David West
SERVICER: Aames Capital Corporation Bankers Trust Company
LEAD UNDERWRITER: NationsBanc Montgomery Securities LLC 3 Park Plaza
RECORD DATE: December 31, 1998 Irvine, CA 92614
DISTRIBUTION DATE: January 15, 1999 FACTOR INFORMATION: (800) 735-7777
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Page 1 of 6 (C) COPYRIGHT 1999 Bankers Trust Company
</TABLE>
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1998-C
STATEMENT TO CERTIFICATEHOLDERS
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTIONS IN DOLLARS
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1F 118,400,000.00 110,180,744.79 572,848.06 5,000,810.57 5,573,658.63 0.00 0.00 105,179,934.22
A-2F 80,300,000.00 80,300,000.00 403,975.92 0.00 403,975.92 0.00 0.00 80,300,000.00
A-3F 39,900,000.00 39,900,000.00 202,525.75 0.00 202,525.75 0.00 0.00 39,900,000.00
A-4F 72,100,000.00 72,100,000.00 376,602.33 0.00 376,602.33 0.00 0.00 72,100,000.00
A-5F 40,300,000.00 40,300,000.00 222,758.25 0.00 222,758.25 0.00 0.00 40,300,000.00
A-6F 39,000,000.00 39,000,000.00 199,322.50 0.00 199,322.50 0.00 0.00 39,000,000.00
A-1A 195,000,000.00 188,247,358.50 939,456.65 2,884,023.18 3,823,479.83 0.00 0.00 185,363,335.32
A-2A 65,000,000.00 65,000,000.00 320,233.33 0.00 320,233.33 0.00 0.00 65,000,000.00
C 0.00 5,365,299.61 0.00 0.00 0.00 0.00 1,719,205.06 7,084,504.67
R-II 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
TOTALS 650,000,000.00 640,393,402.90 3,237,722.79 7,884,833.76 11,122,556.55 0.00 1,719,205.06 634,227,774.21
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ESTIMATED
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1F 00253CFD4 930.580615 4.838244 42.236576 47.074820 888.344039 6.239000% 6.239000%
A-2F 00253CFE2 1,000.000000 5.030833 0.000000 5.030833 1,000.000000 6.037000% 6.037000%
A-3F 00253CFF9 1,000.000000 5.075833 0.000000 5.075833 1,000.000000 6.091000% 6.091000%
A-4F 00253CFG7 1,000.000000 5.223333 0.000000 5.223333 1,000.000000 6.268000% 6.268000%
A-5F 00253CFH5 1,000.000000 5.527500 0.000000 5.527500 1,000.000000 6.633000% 6.633000%
A-6F 00253CFJ1 1,000.000000 5.110833 0.000000 5.110833 1,000.000000 6.133000% 6.133000%
A-1A 00253CFK8 965.371069 4.817726 14.789862 19.607589 950.581207 5.795470% 5.260000%
A-2A 00253CFL6 1,000.000000 4.926667 0.000000 4.926667 1,000.000000 5.912000% 5.912000%
C 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
SELLER: Aames Capital Corporation ADMINISTRATOR: David West
SERVICER: Aames Capital Corporation Bankers Trust Company
LEAD UNDERWRITER: NationsBanc Montgomery Securities LLC 3 Park Plaza
RECORD DATE: December 31, 1998 Irvine, CA 92614
DISTRIBUTION DATE: January 15, 1999 FACTOR INFORMATION: (800) 735-7777
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Page 2 of 6 (C) COPYRIGHT 1999 Bankers Trust Company
</TABLE>
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1998-C
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: January 15, 1999
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------
1 2 3+
DELINQUENT LOAN INFORMATION PAYMENT PAYMENTS PAYMENTS TOTAL
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
FIXED GROUP PRINCIPAL BALANCE 11,339,458.98 961,936.70 206,376.40 12,507,772.08
----------- PERCENTAGE OF POOL BALANCE 2.97863% 0.25268% 0.05421% 3.28552%
NUMBER OF LOANS 201 15 3 219
PERCENTAGE OF POOL LOANS 3.50541% 0.26160% 0.05232% 3.81932%
- ---------------------------------------------------------------------------------------------------------------------------
ADJ GROUP PRINCIPAL BALANCE 7,788,032.68 1,211,606.73 583,898.06 9,583,537.47
----------- PERCENTAGE OF POOL BALANCE 3.07481% 0.47836% 0.23053% 3.78370%
NUMBER OF LOANS 85 13 5 103
PERCENTAGE OF POOL LOANS 3.35703% 0.51343% 0.19747% 4.06793%
- ---------------------------------------------------------------------------------------------------------------------------
FORECLOSURE LOAN INFORMATION
- ---------------------------------------------------------------------------------------------------------------------------
FIXED GROUP PRINCIPAL BALANCE 0.00 2,215,074.45 4,282,886.41 6,497,960.86
----------- PERCENTAGE OF POOL BALANCE 0.00000% 0.58185% 1.12502% 1.70687%
NUMBER OF LOANS 0 41 66 107
PERCENTAGE OF POOL LOANS 0.00000% 0.71503% 1.15103% 1.86606%
- ---------------------------------------------------------------------------------------------------------------------------
ADJ GROUP PRINCIPAL BALANCE 0.00 2,568,431.87 5,715,949.94 8,284,381.81
----------- PERCENTAGE OF POOL BALANCE 0.00000% 1.01405% 2.25673% 3.27078%
NUMBER OF LOANS 0 32 54 86
PERCENTAGE OF POOL LOANS 0.00000% 1.26382% 2.13270% 3.39652%
- ---------------------------------------------------------------------------------------------------------------------------
REO LOAN INFORMATION
- ---------------------------------------------------------------------------------------------------------------------------
FIXED GROUP PRINCIPAL BALANCE 0.00 0.00 0.00 0.00
----------- PERCENTAGE OF POOL BALANCE 0.00000% 0.00000% 0.00000% 0.00000%
NUMBER OF LOANS 0 0 0 0
PERCENTAGE OF POOL LOANS 0.00000% 0.00000% 0.00000% 0.00000%
- ---------------------------------------------------------------------------------------------------------------------------
ADJ GROUP PRINCIPAL BALANCE 0.00 0.00 0.00 0.00
----------- PERCENTAGE OF POOL BALANCE 0.00000% 0.00000% 0.00000% 0.00000%
NUMBER OF LOANS 0 0 0 0
PERCENTAGE OF POOL LOANS 0.00000% 0.00000% 0.00000% 0.00000%
- ---------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY LOAN INFORMATION
- ---------------------------------------------------------------------------------------------------------------------------
FIXED GROUP PRINCIPAL BALANCE 352,228.30 381,499.16 0.00 733,727.46
----------- PERCENTAGE OF POOL BALANCE 0.09252% 0.10021% 0.00000% 0.19273%
NUMBER OF LOANS 6 3 0 9
PERCENTAGE OF POOL LOANS 0.10464% 0.05232% 0.00000% 0.15696%
- ---------------------------------------------------------------------------------------------------------------------------
ADJ GROUP PRINCIPAL BALANCE 61,180.95 0.00 35,973.90 97,154.85
----------- PERCENTAGE OF POOL BALANCE 0.02415% 0.00000% 0.01420% 0.03836%
NUMBER OF LOANS 1 0 1 2
PERCENTAGE OF POOL LOANS 0.03949% 0.00000% 0.03949% 0.07899%
- ---------------------------------------------------------------------------------------------------------------------------
TOTAL
- ---------------------------------------------------------------------------------------------------------------------------
FIXED GROUP PRINCIPAL BALANCE 11,691,687.28 3,558,510.31 4,489,262.81 19,739,460.40
----------- PERCENTAGE OF POOL BALANCE 3.07115% 0.93474% 1.17923% 5.18513%
NUMBER OF LOANS 207 59 69 335
PERCENTAGE OF POOL LOANS 3.61005% 1.02895% 1.20335% 5.84234%
- ---------------------------------------------------------------------------------------------------------------------------
ADJ GROUP PRINCIPAL BALANCE 7,849,213.63 3,780,038.60 6,335,821.90 17,965,074.13
----------- PERCENTAGE OF POOL BALANCE 3.09897% 1.49241% 2.50146% 7.09283%
NUMBER OF LOANS 86 45 60 191
PERCENTAGE OF POOL LOANS 3.39652% 1.77725% 2.36967% 7.54344%
- ---------------------------------------------------------------------------------------------------------------------------
Page 3 of 6 (C) COPYRIGHT 1999 Bankers Trust Company
</TABLE>
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1998-C
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: January 15, 1999
<TABLE>
<CAPTION>
COLLECTION ACCOUNT INFORMATION
- ---------------------------------------------------------------------------------------------------------------------------
SOURCES OF PRINCIPAL FIXED GROUP ADJ GROUP TOTAL
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
SCHEDULED PRINCIPAL RECEIVED 455,180.67 152,150.91 607,331.58
PREPAYMENTS & CURTAILMENTS 3,521,494.66 2,084,515.82 5,606,010.48
REPURCHASES/SUBSTITUTIONS 0.00 0.00 0.00
NET LIQUIDATION PROCEEDS 0.00 0.00 0.00
INSURANCE PROCEEDS 0.00 0.00 0.00
OTHER PRINCIPAL 0.00 0.00 0.00
PREFUNDING ACCOUNT TERMINATION 0.00 0.00 0.00
LESS: REALIZED LOSSES 0.00 0.00 0.00
TOTAL PRINCIPAL 3,976,675.33 2,236,666.73 6,213,342.06
- ---------------------------------------------------------------------------------------------------------------------------
SOURCES OF INTEREST
- ---------------------------------------------------------------------------------------------------------------------------
SCHEDULED INTEREST 3,206,988.48 2,043,059.26 5,250,047.74
REPURCHASES/SUBSTITUTIONS 0.00 0.00 0.00
LIQUIDATION PROCEEDS 0.00 0.00 0.00
INSURANCE PROCEEDS 0.00 0.00 0.00
OTHER INTEREST 0.00 0.00 0.00
LESS: DELINQUENT INTEREST (556,978.98) (381,994.58) (938,973.56)
LESS: PPIS 0.00 0.00 0.00
LESS: PPIS CIVIL RELIEF SHORTFALL 0.00 0.00 0.00
LESS: CURRENT SERVICING FEES (134,771.74) (87,991.81) (222,763.55)
LESS: REALIZED LOSSES 0.00 0.00 0.00
PLUS: COMPENSATING INTEREST 0.00 0.00 0.00
PLUS: INTEREST ADVANCED AMOUNT 531,471.38 363,519.09 894,990.47
PLUS: CAPITALIZED INTEREST AMOUNT 0.00 0.00 0.00
PLUS: CLOSING DATE DEPOSIT 0.00 0.00 0.00
TOTAL INTEREST 3,046,709.14 1,936,591.96 4,983,301.10
- ---------------------------------------------------------------------------------------------------------------------------
PERMITTED WITHDRAWALS
- ---------------------------------------------------------------------------------------------------------------------------
0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------------------------------
TOTAL SOURCES
- ---------------------------------------------------------------------------------------------------------------------------
7,023,384.47 4,173,258.69 11,196,643.16
- ---------------------------------------------------------------------------------------------------------------------------
CAPITALIZED INTEREST DEPOSIT FOR CERTIFICATE ACCOUNT 0.00
PREFUNDING DEPOSIT FOR CERTIFICATE ACCOUNT 0.00
TOTAL REMITTANCE DUE 11,196,643.16
- ---------------------------------------------------------------------------------------------------------------------------
Page 4 of 6 (C) COPYRIGHT 1999 Bankers Trust Company
</TABLE>
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1998-C
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: January 15, 1999
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------
SERVICING FEES FIXED GROUP ADJ GROUP TOTAL
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 160,279.35 106,467.30 266,746.65
LESS:~ AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00 0.00 0.00
LESS:~ DELINQUENT SERVICE FEES: (25,507.61) (18,475.49) (43,983.10)
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 134,771.74 87,991.81 222,763.55
AMOUNT PER $1000 CERTIFICATE:
- ---------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
POOL INFORMATION FIXED GROUP ADJ GROUP TOTAL
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
PRIOR PRINCIPAL BALANCE OF POOL: 384,670,428.31 255,521,520.03 640,191,948.34
CURRENT PRINCIPAL BALANCE OF POOL: 380,693,752.98 253,284,853.30 633,978,606.28
GROUP FACTOR 97.61378% 97.41725% 97.53517%
PRIOR NUMBER OF LOANS: 5,796 2,549 8,345
CURRENT NUMBER OF LOANS: 5,734 2,532 8,266
NUMBER OF LOANS PURCHASED FROM Mortgage Replacement 0 0 0
CURRENT PRINCIPAL BAL. OF LOANS PURCHASED FROM MORT REPLACEMENT 0 0 0.00
NUMBER OF LOANS PAID IN FULL: 62 17 79
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 10.00437% 9.59477%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 10.00043% 9.59820%
WEIGHTED AVERAGE TERM TO MATURITY: 305 353
- ---------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
TRIGGER EVENTS FIXED GROUP ADJ GROUP
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
HAS A ROLLING LOSS RATE EVENT OCCURRED? NO NO
HAS A CUMULATIVE LOSS RATE EVENT OCCURRED? NO NO
HAS A DELINQUENCY RATE EVENT OCCURRED? NO NO
- ---------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
OVERCOLLATERALIZATION FIXED GROUP ADJ GROUP
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
EXTRA PRINCIPAL DISTRIBUTION AMOUNT 1,024,135.24 647,356.45
OVERCOLLATERALIZATION AMOUNT 3,913,818.76 2,921,517.98
TARGET OVERCOLLATERALIZATION AMOUNT 10,335,000.00 16,510,000.00
- ---------------------------------------------------------------------------------------------------------------------------
Page 5 of 6 (C) COPYRIGHT 1999 Bankers Trust Company
</TABLE>
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1998-C
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: January 15, 1999
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------
ACCRUED CERTIFICATE INTEREST PRIOR CURRENT
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
CLASS A-1F 591,567.13 572,848.06
CLASS A-2F 403,975.92 403,975.92
CLASS A-3F 202,525.75 202,525.75
CLASS A-4F 376,602.33 376,602.33
CLASS A-5F 222,758.25 222,758.25
CLASS A-6F 199,322.50 199,322.50
CLASS A-1A 853,113.39 939,456.65
CLASS A-2A 320,233.33 320,233.33
CLASS C 0.00 0.00
- ---------------------------------------------------------------------------------------------------------------------------
INTEREST CARRY FORWARD AMOUNT PRIOR CURRENT
- ---------------------------------------------------------------------------------------------------------------------------
CLASS A-1F 0.00 0.00
CLASS A-2F 0.00 0.00
CLASS A-3F 0.00 0.00
CLASS A-4F 0.00 0.00
CLASS A-5F 0.00 0.00
CLASS A-6F 0.00 0.00
CLASS A-1A 0.00 0.00
CLASS A-2A 0.00 0.00
CLASS C 0.00 0.00
- ---------------------------------------------------------------------------------------------------------------------------
CERTIFICATE INSURER INFORMATION
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C>
MBIA PREMIUM PAID: 74,086.61
INSURED AMOUNTS: 0.00
UNPAID INSURED AMOUNTS AND INTEREST ON THE AMOUNTS: 0.00
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C>
SUPPLEMENTAL INTEREST AMOUNT (PAID) 0.00
SUPPLEMENTAL INTEREST AMOUNT (REMAINING UNPAID) 0.00
- ---------------------------------------------------------------------------------------------------------------------------
Page 6 of 6 (C) COPYRIGHT 1999 Bankers Trust Company
</TABLE>
