UNITED STATES
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): October 26, 1998
NATIONSBANC MONTGOMERY FUNDING CORPORATION
Mortgage Pass-Through Certificates, Series 1998-2 Trust
New York (governing law of 333-62301 PENDING
Pooling and Servicing Agreement) (Commission IRS EIN
(State or other File Number)
jurisdiction
c/o Norwest Bank Minnesota, N.A.
11000 Broken Land Parkway 21044
Columbia, Maryland (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (410) 884-2000
Former name or former address, if changed since last report)
ITEM 5. Other Events
On October 26, 1998 a distribution was made to holders of NATIONSBANC
MONTGOMERY FUNDING CORPORATION, Mortgage Pass-Through Certificates, Series
1998-2 Trust.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Mortgage Pass-Through Certificates, Series
1998-2 Trust, relating to the October 26,
1998 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NATIONSBANC MONTGOMERY FUNDING CORPORATION
Mortgage Pass-Through Certificates, Series 1998-2 Trust
By: Norwest Bank Minnesota, N.A., as Trustee
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 11/06/1998
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1998-2 Trust, relating to the October 26,
1998 distribution.
<TABLE>
<CAPTION>
Nationsbanc Montgomery Funding Corp.
Mortgage Pass-Through Certificates
Record Date: 09/30/1998
Distribution Date: 10/26/1998
NMFC Series: 1998-2
Contact: Customer Service - Columbia, MD
Norwest Bank Minnesota, N.A.
Securities Administration Services
11000 Broken Land Parkway
Columbia, MD 21044
Telephone: (301) 815-6600
Fax: (410) 884-2369
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1 63857RBB7 SEN 6.75000% 50,000,000.00 281,250.00 494,382.14
A-2 63857RBC5 SEN 6.75000% 100,000,000.00 562,500.00 833,545.81
A-3 63857RBD3 SEN_TA 6.75000% 50,882,000.00 286,211.25 115,033.08
A-4 63857RBE1 SEN_TA 6.75000% 21,435,000.00 120,571.88 550,505.97
A-5 63857RBF8 SEN 6.75000% 50,000.00 281.25 50,000.00
A-6 63857RBG6 SEN 6.75000% 16,435,000.00 92,446.88 0.00
A-7 63857RBH4 SEN 6.75000% 20,009,036.00 112,550.83 0.00
A-8 63857RBJ0 SEN 6.75000% 30,000,000.00 168,750.00 0.00
A-PO 63857RBK7 SEN_PO 0.00000% 1,324,248.00 0.00 15,193.93
B-1 63857RBL5 SUB 6.75000% 7,291,361.00 41,013.91 5,771.14
B-2 63857RBM3 SUB 6.75000% 2,582,357.00 14,525.76 2,043.95
B-3 63857RBN1 SUB 6.75000% 1,367,131.00 7,690.11 1,082.09
B-4 63857RBQ4 SUB 6.75000% 1,063,324.00 5,981.20 841.63
B-5 63857RBR2 SUB 6.75000% 607,614.00 3,417.83 480.93
B-6 63857RBS0 SUB 6.75000% 759,517.67 4,272.29 601.16
R 63857RBP6 RES 6.75000% 100.00 0.56 100.00
Totals 303,806,688.67 1,701,463.75 2,069,581.83
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
A-1 0.00 49,505,617.86 775,632.14 0.00
A-2 0.00 99,166,454.19 1,396,045.81 0.00
A-3 0.00 50,766,966.92 401,244.33 0.00
A-4 0.00 20,884,494.03 671,077.85 0.00
A-5 0.00 0.00 50,281.25 0.00
A-6 0.00 16,435,000.00 92,446.88 0.00
A-7 0.00 20,009,036.00 112,550.83 0.00
A-8 0.00 30,000,000.00 168,750.00 0.00
A-PO 0.00 1,309,054.07 15,193.93 0.00
B-1 0.00 7,285,589.86 46,785.05 0.00
B-2 0.00 2,580,313.05 16,569.71 0.00
B-3 0.00 1,366,048.91 8,772.20 0.00
B-4 0.00 1,062,482.37 6,822.83 0.00
B-5 0.00 607,133.07 3,898.76 0.00
B-6 0.00 758,916.51 4,873.45 0.00
R 0.00 0.00 100.56 0.00
Totals 0.00 301,737,106.84 3,771,045.58 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
Edward M. Frere, Jr.
Vice President, Norwest Bank Minnesota, N.A.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<S> <C> <C> <C> <C> <C> <C>
A-1 50,000,000.00 50,000,000.00 55,302.02 439,080.12 0.00 0.00
A-2 100,000,000.00 100,000,000.00 93,241.17 740,304.64 0.00 0.00
A-3 50,882,000.00 50,882,000.00 12,867.70 102,165.38 0.00 0.00
A-4 21,435,000.00 21,435,000.00 61,580.09 488,925.89 0.00 0.00
A-5 50,000.00 50,000.00 5,593.04 44,406.96 0.00 0.00
A-6 16,435,000.00 16,435,000.00 0.00 0.00 0.00 0.00
A-7 20,009,036.00 20,009,036.00 0.00 0.00 0.00 0.00
A-8 30,000,000.00 30,000,000.00 0.00 0.00 0.00 0.00
A-PO 1,324,248.00 1,324,248.00 1,168.68 14,025.25 0.00 0.00
B-1 7,291,361.00 7,291,361.00 5,771.14 0.00 0.00 0.00
B-2 2,582,357.00 2,582,357.00 2,043.95 0.00 0.00 0.00
B-3 1,367,131.00 1,367,131.00 1,082.09 0.00 0.00 0.00
B-4 1,063,324.00 1,063,324.00 841.63 0.00 0.00 0.00
B-5 607,614.00 607,614.00 480.93 0.00 0.00 0.00
B-6 759,517.67 759,517.67 601.16 0.00 0.00 0.00
R 100.00 100.00 11.19 88.81 0.00 0.00
Totals 303,806,688.67 303,806,688.67 240,584.79 1,828,997.05 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C>
A-1 494,382.14 49,505,617.86 0.99011236 494,382.14
A-2 833,545.81 99,166,454.19 0.99166454 833,545.81
A-3 115,033.08 50,766,966.92 0.99773922 115,033.08
A-4 550,505.97 20,884,494.03 0.97431743 550,505.97
A-5 50,000.00 0.00 0.00000000 50,000.00
A-6 0.00 16,435,000.00 1.00000000 0.00
A-7 0.00 20,009,036.00 1.00000000 0.00
A-8 0.00 30,000,000.00 1.00000000 0.00
A-PO 15,193.93 1,309,054.07 0.98852637 15,193.93
B-1 5,771.14 7,285,589.86 0.99920850 5,771.14
B-2 2,043.95 2,580,313.05 0.99920849 2,043.95
B-3 1,082.09 1,366,048.91 0.99920850 1,082.09
B-4 841.63 1,062,482.37 0.99920849 841.63
B-5 480.93 607,133.07 0.99920849 480.93
B-6 601.16 758,916.51 0.99920850 601.16
R 100.00 0.00 0.00000000 100.00
Totals 2,069,581.83 301,737,106.84 0.99318783 2,069,581.83
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<S> <C> <C> <C> <C> <C>
A-1 50,000,000.00 1000.00000000 1.10604040 8.78160240 0.00000000
A-2 100,000,000.00 1000.00000000 0.93241170 7.40304640 0.00000000
A-3 50,882,000.00 1000.00000000 0.25289297 2.00788845 0.00000000
A-4 21,435,000.00 1000.00000000 2.87287567 22.80969862 0.00000000
A-5 50,000.00 1000.00000000 111.86080000 888.13920000 0.00000000
A-6 16,435,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-7 20,009,036.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-8 30,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-PO 1,324,248.00 1000.00000000 0.88252352 10.59110529 0.00000000
B-1 7,291,361.00 1000.00000000 0.79150381 0.00000000 0.00000000
B-2 2,582,357.00 1000.00000000 0.79150559 0.00000000 0.00000000
B-3 1,367,131.00 1000.00000000 0.79150425 0.00000000 0.00000000
B-4 1,063,324.00 1000.00000000 0.79150851 0.00000000 0.00000000
B-5 607,614.00 1000.00000000 0.79150579 0.00000000 0.00000000
B-6 759,517.67 1000.00000000 0.79150232 0.00000000 0.00000000
R 100.00 1000.00000000 111.90000000 888.10000000 0.00000000
<FN>
(2) All classes are per $1000 denomination
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C> <C>
A-1 0.00000000 9.88764280 990.11235720 0.99011236 9.88764280
A-2 0.00000000 8.33545810 991.66454190 0.99166454 8.33545810
A-3 0.00000000 2.26078142 997.73921858 0.99773922 2.26078142
A-4 0.00000000 25.68257383 974.31742617 0.97431743 25.68257383
A-5 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000
A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-PO 0.00000000 11.47362881 988.52637119 0.98852637 11.47362881
B-1 0.00000000 0.79150381 999.20849619 0.99920850 0.79150381
B-2 0.00000000 0.79150559 999.20849441 0.99920849 0.79150559
B-3 0.00000000 0.79150425 999.20849575 0.99920850 0.79150425
B-4 0.00000000 0.79150851 999.20849149 0.99920849 0.79150851
B-5 0.00000000 0.79150579 999.20849421 0.99920849 0.79150579
B-6 0.00000000 0.79150232 999.20849768 0.99920850 0.79150232
R 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A-1 50,000,000.00 6.75000% 50,000,000.00 281,250.00 0.00 0.00
A-2 100,000,000.00 6.75000% 100,000,000.00 562,500.00 0.00 0.00
A-3 50,882,000.00 6.75000% 50,882,000.00 286,211.25 0.00 0.00
A-4 21,435,000.00 6.75000% 21,435,000.00 120,571.88 0.00 0.00
A-5 50,000.00 6.75000% 50,000.00 281.25 0.00 0.00
A-6 16,435,000.00 6.75000% 16,435,000.00 92,446.88 0.00 0.00
A-7 20,009,036.00 6.75000% 20,009,036.00 112,550.83 0.00 0.00
A-8 30,000,000.00 6.75000% 30,000,000.00 168,750.00 0.00 0.00
A-PO 1,324,248.00 0.00000% 1,324,248.00 0.00 0.00 0.00
B-1 7,291,361.00 6.75000% 7,291,361.00 41,013.91 0.00 0.00
B-2 2,582,357.00 6.75000% 2,582,357.00 14,525.76 0.00 0.00
B-3 1,367,131.00 6.75000% 1,367,131.00 7,690.11 0.00 0.00
B-4 1,063,324.00 6.75000% 1,063,324.00 5,981.20 0.00 0.00
B-5 607,614.00 6.75000% 607,614.00 3,417.83 0.00 0.00
B-6 759,517.67 6.75000% 759,517.67 4,272.29 0.00 0.00
R 100.00 6.75000% 100.00 0.56 0.00 0.00
Totals 303,806,688.67 1,701,463.75 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A-1 0.00 0.00 281,250.00 0.00 49,505,617.86
A-2 0.00 0.00 562,500.00 0.00 99,166,454.19
A-3 0.00 0.00 286,211.25 0.00 50,766,966.92
A-4 0.00 0.00 120,571.88 0.00 20,884,494.03
A-5 0.00 0.00 281.25 0.00 0.00
A-6 0.00 0.00 92,446.88 0.00 16,435,000.00
A-7 0.00 0.00 112,550.83 0.00 20,009,036.00
A-8 0.00 0.00 168,750.00 0.00 30,000,000.00
A-PO 0.00 0.00 0.00 0.00 1,309,054.07
B-1 0.00 0.00 41,013.91 0.00 7,285,589.86
B-2 0.00 0.00 14,525.76 0.00 2,580,313.05
B-3 0.00 0.00 7,690.11 0.00 1,366,048.91
B-4 0.00 0.00 5,981.20 0.00 1,062,482.37
B-5 0.00 0.00 3,417.83 0.00 607,133.07
B-6 0.00 0.00 4,272.29 0.00 758,916.51
R 0.00 0.00 0.56 0.00 0.00
Totals 0.00 0.00 1,701,463.75 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A-1 50,000,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-2 100,000,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-3 50,882,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-4 21,435,000.00 6.75000% 1000.00000000 5.62500023 0.00000000 0.00000000
A-5 50,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-6 16,435,000.00 6.75000% 1000.00000000 5.62500030 0.00000000 0.00000000
A-7 20,009,036.00 6.75000% 1000.00000000 5.62500012 0.00000000 0.00000000
A-8 30,000,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-PO 1,324,248.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
B-1 7,291,361.00 6.75000% 1000.00000000 5.62500060 0.00000000 0.00000000
B-2 2,582,357.00 6.75000% 1000.00000000 5.62500073 0.00000000 0.00000000
B-3 1,367,131.00 6.75000% 1000.00000000 5.62499863 0.00000000 0.00000000
B-4 1,063,324.00 6.75000% 1000.00000000 5.62500235 0.00000000 0.00000000
B-5 607,614.00 6.75000% 1000.00000000 5.62500206 0.00000000 0.00000000
B-6 759,517.67 6.75000% 1000.00000000 5.62500409 0.00000000 0.00000000
R 100.00 6.75000% 1000.00000000 5.60000000 0.00000000 0.00000000
<FN>
(5) All classes are per $1000 denomination
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A-1 0.00000000 0.00000000 5.62500000 0.00000000 990.11235720
A-2 0.00000000 0.00000000 5.62500000 0.00000000 991.66454190
A-3 0.00000000 0.00000000 5.62500000 0.00000000 997.73921858
A-4 0.00000000 0.00000000 5.62500023 0.00000000 974.31742617
A-5 0.00000000 0.00000000 5.62500000 0.00000000 0.00000000
A-6 0.00000000 0.00000000 5.62500030 0.00000000 1000.00000000
A-7 0.00000000 0.00000000 5.62500012 0.00000000 1000.00000000
A-8 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-PO 0.00000000 0.00000000 0.00000000 0.00000000 988.52637119
B-1 0.00000000 0.00000000 5.62500060 0.00000000 999.20849619
B-2 0.00000000 0.00000000 5.62500073 0.00000000 999.20849441
B-3 0.00000000 0.00000000 5.62499863 0.00000000 999.20849575
B-4 0.00000000 0.00000000 5.62500235 0.00000000 999.20849149
B-5 0.00000000 0.00000000 5.62500206 0.00000000 999.20849421
B-6 0.00000000 0.00000000 5.62500409 0.00000000 999.20849768
R 0.00000000 0.00000000 5.60000000 0.00000000 0.00000000
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 3,902,497.16
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses 0.00
Total Deposits 3,902,497.16
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 131,451.59
Payment of Interest and Principal 3,771,045.57
Total Withdrawals (Pool Distribution Amount) 3,902,497.16
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 128,919.87
Trustee Fee 2,531.72
Master Servicing Fee 0.00
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 131,451.59
</TABLE>
<TABLE>
<CAPTION>
DELINQUENCY STATUS
Percentage Delinquent
Based On
Current Unpaid
Number Principal Number Unpaid
Of Loans Balance Of Loans Balance
<S> <C> <C> <C> <C>
30 Days 0 0.00 0.000000% 0.000000%
60 Days 0 0.00 0.000000% 0.000000%
90+ Days 0 0.00 0.000000% 0.000000%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 0 0.00 0.000000% 0.000000%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 0.00
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 0.00
</TABLE>
<TABLE>
<CAPTION>
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Current Next
Original $ Original % Current $ Current % Class% Prepayment%
<S> <C> <C> <C> <C> <C> <C> <C>
Class A 14,995,552.67 4.93588628% 14,969,537.84 4.96111929% 95.472720% 100.000000%
Class B-1 7,704,191.67 2.53588613% 7,683,947.98 2.54657044% 2.414549% 0.000000%
Class B-2 5,121,834.67 1.68588608% 5,103,634.93 1.69141773% 0.855153% 0.000000%
Class B-3 3,754,703.67 1.23588578% 3,737,586.02 1.23868955% 0.452728% 0.000000%
Class B-4 2,691,379.67 0.88588559% 2,675,103.65 0.88656767% 0.352122% 0.000000%
Class B-5 2,083,765.67 0.68588538% 2,067,970.58 0.68535508% 0.201213% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.251516% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
</TABLE>
<TABLE>
<CAPTION>
CREDIT ENHANCEMENT
Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
Bankruptcy 150,000.00 0.04937350% 150,000.00 0.04971215%
Fraud 3,038,067.00 1.00000004% 3,038,067.00 1.00685893%
Special Hazard 3,038,067.00 1.00000004% 3,038,067.00 1.00685893%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 7.239796%
Weighted Average Net Coupon 6.730577%
Weighted Average Pass-Through Rate 6.720578%
Weighted Average Maturity(Stepdown Calculation ) 359
Beginning Scheduled Collateral Loan Count 912
Number Of Loans Paid In Full 5
Ending Scheduled Collateral Loan Count 907
Beginning Scheduled Collateral Balance 303,806,688.67
Ending Scheduled Collateral Balance 301,737,107.30
Ending Actual Collateral Balance at 30-Sep-1998 301,912,287.50
Monthly P &I Constant 2,073,500.11
Class A Optimal Amount 3,668,129.65
Ending Scheduled Balance for Premium Loans 301,737,107.30
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Senior Percentage 95.48029808%
Subordinate Percentage 4.51970192%
Class A-8 Percentage .10387411%
Senior Prepayment Percentage 100.00%
Subordinate Prepayment Percentage 0.00%
</TABLE>
