BANC OF AMERICA FUNDING CORP
8-K, EX-99.1, 2000-06-30
ASSET-BACKED SECURITIES
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<TABLE>
<CAPTION>
Bank of America Funding Corporation
Mortgage Pass-Through Certificates
Record Date:            05/30/2000
Distribution Date:     06/20/2000


BAF  Series: 2000-1
Contact: Customer Service - CTSLink
         Norwest Bank Minnesota, N.A.
         Securities Administration Services
         7485 New Horizon Way
         Frederick, MD 21703
         Telephone: (301) 815-6600
         Fax:       (301) 846-8152


                                             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>
    1A1        05946XAA1         SEN          6.75000%     27,621,168.66      155,369.07      353,389.40
    1A2        05946XAB9         SEN          6.75000%     49,542,716.21      278,677.78      414,536.31
    1A3        05946XAC7         SEN          6.75000%    136,989,228.91      770,564.41    1,067,671.50
    1A4        05946XAD5         SEN          6.75000%    124,831,611.30      702,177.81      914,123.20
    1A5        05946XAE3         SEN          6.75000%    124,296,383.33      699,167.16      882,601.71
    1A6        05946XAF0         SEN          6.75000%     10,000,000.00       56,250.00            0.00
    1A7        05946XAG8         SEN          6.75000%     11,366,000.00       63,933.75            0.00
    1A8        05946XAH6         SEN          6.75000%    124,134,927.38      698,258.97      819,558.73
    1A9        05946XAJ2         SEN          6.75000%     92,473,000.00      520,160.62            0.00
    1A10       05946XAK9         SEN          6.75000%     66,855,196.25      376,060.48      249,197.65
    1A11       05946XAL7         SEN          6.75000%     44,301,803.75      249,197.65     -249,197.65
    1A12       05946XAM5         SEN          6.75000%     93,900,000.00      528,187.50            0.00
     AR        05946XBD4         SEN          6.75000%              0.00            0.00            0.00
   1AWIO       05946XAN3         SEN          0.25731%              0.00      162,467.84            0.00
    2A1        05946XAU7         SEN          6.75000%    118,597,758.63      667,112.39    1,445,722.87
    2A2        05946XAV5         SEN          6.75000%     29,860,851.74      167,967.29      154,661.63
   2AWIO       05946XAW3         SEN          0.21847%              0.00       15,420.63            0.00
    1B1        05946XAP8         JUN          6.75000%     11,725,077.08       65,953.56       14,395.92
    1B2        05946XAQ6         JUN          6.75000%      6,097,679.11       34,299.44        7,486.66
    1B3        05946XAR4         JUN          6.75000%      3,752,264.30       21,106.49        4,606.99
    1B4        05946XAS2         JUN          6.75000%      2,814,697.46       15,832.67        3,455.85
    1B5        05946XAT0         JUN          6.75000%      1,876,132.15       10,553.24        2,303.49
    2B1        05946XAX1         JUN          6.75000%        757,470.27        4,260.77        3,923.25
    2B2        05946XAY9         JUN          6.75000%        530,527.80        2,984.22        2,747.82
    2B3        05946XAZ6         JUN          6.75000%        379,232.82        2,133.18        1,964.20
    2B4        05946XBA0         JUN          6.75000%        227,937.84        1,282.15        1,180.58
    2B5        05946XBB8         JUN          6.75000%         76,642.85          431.12          396.96
     B6        05946XBC6         JUN          6.75000%      2,179,601.85       12,260.26        3,875.46
Totals                                                  1,085,187,909.69    6,282,070.45    6,098,602.53
</TABLE>
<TABLE>
<CAPTION>

                                       Certificateholder Distribution Summary (continued)


                          Current                Ending                                       Cumulative
                         Realized           Certificate                   Total                 Realized
Class                        Loss               Balance            Distribution                   Losses
<S>           <C>                  <C>                     <C>                      <C>
1A1                            0.00          27,267,779.26               508,758.47                      0.00
1A2                            0.00          49,128,179.90               693,214.09                      0.00
1A3                            0.00         135,921,557.41             1,838,235.91                      0.00
1A4                            0.00         123,917,488.11             1,616,301.01                      0.00
1A5                            0.00         123,413,781.62             1,581,768.87                      0.00
1A6                            0.00          10,000,000.00                56,250.00                      0.00
1A7                            0.00          11,366,000.00                63,933.75                      0.00
1A8                            0.00         123,315,368.65             1,517,817.70                      0.00
1A9                            0.00          92,473,000.00               520,160.62                      0.00
1A10                           0.00          66,605,998.60               625,258.13                      0.00
1A11                           0.00          44,551,001.40                     0.00                      0.00
1A12                           0.00          93,900,000.00               528,187.50                      0.00
AR                             0.00                   0.00                     0.00                      0.00
1AWIO                          0.00                   0.00               162,467.84                      0.00
2A1                            0.00         117,152,035.75             2,112,835.26                      0.00
2A2                            0.00          29,706,190.11               322,628.92                      0.00
2AWIO                          0.00                   0.00                15,420.63                      0.00
1B1                            0.00          11,710,681.16                80,349.48                      0.00
1B2                            0.00           6,090,192.44                41,786.10                      0.00
1B3                            0.00           3,747,657.31                25,713.48                      0.00
1B4                            0.00           2,811,241.61                19,288.52                      0.00
1B5                            0.00           1,873,828.66                12,856.73                      0.00
2B1                            0.00             753,547.02                 8,184.02                      0.00
2B2                            0.00             527,779.98                 5,732.04                      0.00
2B3                            0.00             377,268.61                 4,097.38                      0.00
2B4                            0.00             226,757.25                 2,462.73                      0.00
2B5                            0.00              76,245.89                   828.08                      0.00
B6                             0.00           2,175,726.36                16,135.72                      0.00
Totals                         0.00       1,079,089,307.10            12,380,672.98                      0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.

</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>
1A1                  28,011,000.00      27,621,168.66          88,330.65      265,058.75           0.00            0.00
1A2                  50,000,000.00      49,542,716.21         103,614.49      310,921.82           0.00            0.00
1A3                 138,167,000.00     136,989,228.91         266,867.43      800,804.07           0.00            0.00
1A4                 125,840,000.00     124,831,611.30         228,487.61      685,635.59           0.00            0.00
1A5                 125,270,000.00     124,296,383.33         220,608.73      661,992.98           0.00            0.00
1A6                  10,000,000.00      10,000,000.00               0.00            0.00           0.00            0.00
1A7                  11,366,000.00      11,366,000.00               0.00            0.00           0.00            0.00
1A8                 125,039,000.00     124,134,927.38         204,850.96      614,707.77           0.00            0.00
1A9                  92,473,000.00      92,473,000.00               0.00            0.00           0.00            0.00
1A10                 67,103,000.00      66,855,196.25          62,287.64      186,910.01           0.00            0.00
1A11                 44,054,000.00      44,301,803.75               0.00            0.00    (249,197.65)           0.00
1A12                 93,900,000.00      93,900,000.00               0.00            0.00           0.00            0.00
AR                          100.00               0.00               0.00            0.00           0.00            0.00
1AWIO                         0.00               0.00               0.00            0.00           0.00            0.00
2A1                 119,724,000.00     118,597,758.63         694,618.73      751,104.14           0.00            0.00
2A2                  30,000,000.00      29,860,851.74          74,309.45       80,352.19           0.00            0.00
2AWIO                         0.00               0.00               0.00            0.00           0.00            0.00
1B1                  11,743,000.00      11,725,077.08          14,395.92            0.00           0.00            0.00
1B2                   6,107,000.00       6,097,679.11           7,486.66            0.00           0.00            0.00
1B3                   3,758,000.00       3,752,264.30           4,606.99            0.00           0.00            0.00
1B4                   2,819,000.00       2,814,697.46           3,455.85            0.00           0.00            0.00
1B5                   1,879,000.00       1,876,132.15           2,303.49            0.00           0.00            0.00
2B1                     761,000.00         757,470.27           3,923.25            0.00           0.00            0.00
2B2                     533,000.00         530,527.80           2,747.82            0.00           0.00            0.00
2B3                     381,000.00         379,232.82           1,964.20            0.00           0.00            0.00
2B4                     229,000.00         227,937.84           1,180.58            0.00           0.00            0.00
2B5                      77,000.00          76,642.85             396.96            0.00           0.00            0.00
B6                    2,183,884.08       2,179,601.85           3,875.46            0.00           0.00            0.00
Totals             1,091,417,984.0   1,085,187,909.69       1,990,312.87    4,357,487.32    (249,197.65)           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>
1A1                             353,389.40         27,267,779.26           0.97346683        353,389.40
1A2                             414,536.31         49,128,179.90           0.98256360        414,536.31
1A3                           1,067,671.50        135,921,557.41           0.98374834      1,067,671.50
1A4                             914,123.20        123,917,488.11           0.98472257        914,123.20
1A5                             882,601.71        123,413,781.62           0.98518226        882,601.71
1A6                                   0.00         10,000,000.00           1.00000000              0.00
1A7                                   0.00         11,366,000.00           1.00000000              0.00
1A8                             819,558.73        123,315,368.65           0.98621525        819,558.73
1A9                                   0.00         92,473,000.00           1.00000000              0.00
1A10                            249,197.65         66,605,998.60           0.99259345        249,197.65
1A11                           (249,197.65)        44,551,001.40           1.01128164       (249,197.65)
1A12                                  0.00         93,900,000.00           1.00000000              0.00
AR                                    0.00                  0.00           0.00000000              0.00
1AWIO                                 0.00                  0.00           0.00000000              0.00
2A1                           1,445,722.87        117,152,035.75           0.97851755      1,445,722.87
2A2                             154,661.63         29,706,190.11           0.99020634        154,661.63
2AWIO                                 0.00                  0.00           0.00000000              0.00
1B1                              14,395.92         11,710,681.16           0.99724782         14,395.92
1B2                               7,486.66          6,090,192.44           0.99724782          7,486.66
1B3                               4,606.99          3,747,657.31           0.99724782          4,606.99
1B4                               3,455.85          2,811,241.61           0.99724782          3,455.85
1B5                               2,303.49          1,873,828.66           0.99724782          2,303.49
2B1                               3,923.25            753,547.02           0.99020633          3,923.25
2B2                               2,747.82            527,779.98           0.99020634          2,747.82
2B3                               1,964.20            377,268.61           0.99020633          1,964.20
2B4                               1,180.58            226,757.25           0.99020633          1,180.58
2B5                                 396.96             76,245.89           0.99020636            396.96
B6                                3,875.46          2,175,726.36           0.99626458          3,875.46
Totals                        6,098,602.53      1,079,089,307.10           0.98870398      6,098,602.53
</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>
1A1                    28,011,000.00        986.08291957         3.15342723          9.46266645        0.00000000
1A2                    50,000,000.00        990.85432420         2.07228980          6.21843640        0.00000000
1A3                   138,167,000.00        991.47574247         1.93148458          5.79591415        0.00000000
1A4                   125,840,000.00        991.98673951         1.81569938          5.44847099        0.00000000
1A5                   125,270,000.00        992.22785447         1.76106594          5.28452926        0.00000000
1A6                    10,000,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
1A7                    11,366,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
1A8                   125,039,000.00        992.76967490         1.63829653          4.91612833        0.00000000
1A9                    92,473,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
1A10                   67,103,000.00        996.30711369         0.92823927          2.78541958        0.00000000
1A11                   44,054,000.00       1005.62500000         0.00000000          0.00000000       -5.65664071
1A12                   93,900,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
AR                            100.00          0.00000000         0.00000000          0.00000000        0.00000000
1AWIO                           0.00          0.00000000         0.00000000          0.00000000        0.00000000
2A1                   119,724,000.00        990.59301919         5.80183363          6.27363052        0.00000000
2A2                    30,000,000.00        995.36172467         2.47698167          2.67840633        0.00000000
2AWIO                           0.00          0.00000000         0.00000000          0.00000000        0.00000000
1B1                    11,743,000.00        998.47373584         1.22591501          0.00000000        0.00000000
1B2                     6,107,000.00        998.47373670         1.22591452          0.00000000        0.00000000
1B3                     3,758,000.00        998.47373603         1.22591538          0.00000000        0.00000000
1B4                     2,819,000.00        998.47373537         1.22591344          0.00000000        0.00000000
1B5                     1,879,000.00        998.47373603         1.22591272          0.00000000        0.00000000
2B1                       761,000.00        995.36172142         5.15538765          0.00000000        0.00000000
2B2                       533,000.00        995.36172608         5.15538462          0.00000000        0.00000000
2B3                       381,000.00        995.36173228         5.15538058          0.00000000        0.00000000
2B4                       229,000.00        995.36174672         5.15537118          0.00000000        0.00000000
2B5                        77,000.00        995.36168831         5.15532468          0.00000000        0.00000000
B6                      2,183,884.08        998.03916790         1.77457221          0.00000000        0.00000000
<FN>
All Classes are per $1,000 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>
1A1                     0.00000000         12.61609368            973.46682589          0.97346683        12.61609368
1A2                     0.00000000          8.29072620            982.56359800          0.98256360         8.29072620
1A3                     0.00000000          7.72739873            983.74834374          0.98374834         7.72739873
1A4                     0.00000000          7.26417038            984.72256921          0.98472257         7.26417038
1A5                     0.00000000          7.04559519            985.18225928          0.98518226         7.04559519
1A6                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
1A7                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
1A8                     0.00000000          6.55442486            986.21525004          0.98621525         6.55442486
1A9                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
1A10                    0.00000000          3.71365885            992.59345484          0.99259345         3.71365885
1A11                    0.00000000         -5.65664071          1,011.28164071          1.01128164        -5.65664071
1A12                    0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
AR                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
1AWIO                   0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
2A1                     0.00000000         12.07546415            978.51755496          0.97851755        12.07546415
2A2                     0.00000000          5.15538767            990.20633700          0.99020634         5.15538767
2AWIO                   0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
1B1                     0.00000000          1.22591501            997.24782083          0.99724782         1.22591501
1B2                     0.00000000          1.22591452            997.24782053          0.99724782         1.22591452
1B3                     0.00000000          1.22591538            997.24782065          0.99724782         1.22591538
1B4                     0.00000000          1.22591344            997.24782192          0.99724782         1.22591344
1B5                     0.00000000          1.22591272            997.24782331          0.99724782         1.22591272
2B1                     0.00000000          5.15538765            990.20633377          0.99020633         5.15538765
2B2                     0.00000000          5.15538462            990.20634146          0.99020634         5.15538462
2B3                     0.00000000          5.15538058            990.20632546          0.99020633         5.15538058
2B4                     0.00000000          5.15537118            990.20633188          0.99020633         5.15537118
2B5                     0.00000000          5.15532468            990.20636364          0.99020636         5.15532468
B6                      0.00000000          1.77457221            996.26458196          0.99626458         1.77457221
<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>
1A1                28,011,000.00        6.75000%      27,621,168.66          155,369.07           0.00             0.00
1A2                50,000,000.00        6.75000%      49,542,716.21          278,677.78           0.00             0.00
1A3               138,167,000.00        6.75000%     136,989,228.91          770,564.41           0.00             0.00
1A4               125,840,000.00        6.75000%     124,831,611.30          702,177.81           0.00             0.00
1A5               125,270,000.00        6.75000%     124,296,383.33          699,167.16           0.00             0.00
1A6                10,000,000.00        6.75000%      10,000,000.00           56,250.00           0.00             0.00
1A7                11,366,000.00        6.75000%      11,366,000.00           63,933.75           0.00             0.00
1A8               125,039,000.00        6.75000%     124,134,927.38          698,258.97           0.00             0.00
1A9                92,473,000.00        6.75000%      92,473,000.00          520,160.63           0.00             0.00
1A10               67,103,000.00        6.75000%      66,855,196.25          376,060.48           0.00             0.00
1A11               44,054,000.00        6.75000%      44,301,803.75          249,197.65           0.00             0.00
1A12               93,900,000.00        6.75000%      93,900,000.00          528,187.50           0.00             0.00
AR                        100.00        6.75000%               0.00                0.00           0.00             0.00
1AWIO                       0.00        0.25731%     757,697,241.14          162,467.84           0.00             0.00
2A1               119,724,000.00        6.75000%     118,597,758.63          667,112.39           0.00             0.00
2A2                30,000,000.00        6.75000%      29,860,851.74          167,967.29           0.00             0.00
2AWIO                       0.00        0.21847%      84,701,711.73           15,420.63           0.00             0.00
1B1                11,743,000.00        6.75000%      11,725,077.08           65,953.56           0.00             0.00
1B2                 6,107,000.00        6.75000%       6,097,679.11           34,299.44           0.00             0.00
1B3                 3,758,000.00        6.75000%       3,752,264.30           21,106.49           0.00             0.00
1B4                 2,819,000.00        6.75000%       2,814,697.46           15,832.67           0.00             0.00
1B5                 1,879,000.00        6.75000%       1,876,132.15           10,553.24           0.00             0.00
2B1                   761,000.00        6.75000%         757,470.27            4,260.77           0.00             0.00
2B2                   533,000.00        6.75000%         530,527.80            2,984.22           0.00             0.00
2B3                   381,000.00        6.75000%         379,232.82            2,133.18           0.00             0.00
2B4                   229,000.00        6.75000%         227,937.84            1,282.15           0.00             0.00
2B5                    77,000.00        6.75000%          76,642.85              431.12           0.00             0.00
B6                  2,183,884.08        6.75000%               0.00           12,260.26           0.00             0.00
Totals           1,091,417,984.0                                           6,282,070.46           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>
 1A1                            0.00                0.00           155,369.07                0.00      27,267,779.26
 1A2                            0.00                0.00           278,677.78                0.00      49,128,179.90
 1A3                            0.00                0.00           770,564.41                0.00     135,921,557.41
 1A4                            0.00                0.00           702,177.81                0.00     123,917,488.11
 1A5                            0.00                0.00           699,167.16                0.00     123,413,781.62
 1A6                            0.00                0.00            56,250.00                0.00      10,000,000.00
 1A7                            0.00                0.00            63,933.75                0.00      11,366,000.00
 1A8                            0.00                0.00           698,258.97                0.00     123,315,368.65
 1A9                            0.00                0.00           520,160.62                0.00      92,473,000.00
 1A10                           0.00                0.00           376,060.48                0.00      66,605,998.60
 1A11                           0.00                0.00           249,197.65                0.00      44,551,001.40
 1A12                           0.00                0.00           528,187.50                0.00      93,900,000.00
 AR                             0.00                0.00                 0.00                0.00               0.00
 1AWIO                          0.00                0.00           162,467.84                0.00     753,416,853.91
 2A1                            0.00                0.00           667,112.39                0.00     117,152,035.75
 2A2                            0.00                0.00           167,967.29                0.00      29,706,190.11
 2AWIO                          0.00                0.00            15,420.63                0.00      83,751,061.41
 1B1                            0.00                0.00            65,953.56                0.00      11,710,681.16
 1B2                            0.00                0.00            34,299.44                0.00       6,090,192.44
 1B3                            0.00                0.00            21,106.49                0.00       3,747,657.31
 1B4                            0.00                0.00            15,832.67                0.00       2,811,241.61
 1B5                            0.00                0.00            10,553.24                0.00       1,873,828.66
 2B1                            0.00                0.00             4,260.77                0.00         753,547.02
 2B2                            0.00                0.00             2,984.22                0.00         527,779.98
 2B3                            0.00                0.00             2,133.18                0.00         377,268.61
 2B4                            0.00                0.00             1,282.15                0.00         226,757.25
 2B5                            0.00                0.00               431.12                0.00          76,245.89
 B6                             0.00                0.00            12,260.26                0.00               0.00
 Totals                         0.00                0.00         6,282,070.45                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>
1A1                  28,011,000.00        6.75000%         986.08291957        5.54671629        0.00000000        0.00000000
1A2                  50,000,000.00        6.75000%         990.85432420        5.57355560        0.00000000        0.00000000
1A3                 138,167,000.00        6.75000%         991.47574247        5.57705103        0.00000000        0.00000000
1A4                 125,840,000.00        6.75000%         991.98673951        5.57992538        0.00000000        0.00000000
1A5                 125,270,000.00        6.75000%         992.22785447        5.58128171        0.00000000        0.00000000
1A6                  10,000,000.00        6.75000%        1000.00000000        5.62500000        0.00000000        0.00000000
1A7                  11,366,000.00        6.75000%        1000.00000000        5.62500000        0.00000000        0.00000000
1A8                 125,039,000.00        6.75000%         992.76967490        5.58432945        0.00000000        0.00000000
1A9                  92,473,000.00        6.75000%        1000.00000000        5.62500005        0.00000000        0.00000000
1A10                 67,103,000.00        6.75000%         996.30711369        5.60422753        0.00000000        0.00000000
1A11                 44,054,000.00        6.75000%        1005.62500000        5.65664071        0.00000000        0.00000000
1A12                 93,900,000.00        6.75000%        1000.00000000        5.62500000        0.00000000        0.00000000
AR                          100.00        6.75000%           0.00000000        0.00000000        0.00000000        0.00000000
1AWIO                         0.00        0.25731%         994.26738681        0.21319396        0.00000000        0.00000000
2A1                 119,724,000.00        6.75000%         990.59301919        5.57208571        0.00000000        0.00000000
2A2                  30,000,000.00        6.75000%         995.36172467        5.59890967        0.00000000        0.00000000
2AWIO                         0.00        0.21847%         988.68932701        0.17999887        0.00000000        0.00000000
1B1                  11,743,000.00        6.75000%         998.47373584        5.61641489        0.00000000        0.00000000
1B2                   6,107,000.00        6.75000%         998.47373670        5.61641395        0.00000000        0.00000000
1B3                   3,758,000.00        6.75000%         998.47373603        5.61641565        0.00000000        0.00000000
1B4                   2,819,000.00        6.75000%         998.47373537        5.61641362        0.00000000        0.00000000
1B5                   1,879,000.00        6.75000%         998.47373603        5.61641299        0.00000000        0.00000000
2B1                     761,000.00        6.75000%         995.36172142        5.59890933        0.00000000        0.00000000
2B2                     533,000.00        6.75000%         995.36172608        5.59891182        0.00000000        0.00000000
2B3                     381,000.00        6.75000%         995.36173228        5.59889764        0.00000000        0.00000000
2B4                     229,000.00        6.75000%         995.36174672        5.59890830        0.00000000        0.00000000
2B5                      77,000.00        6.75000%         995.36168831        5.59896104        0.00000000        0.00000000
B6                    2,183,884.08        6.75000%           0.00000000        5.61397013        0.00000000        0.00000000
<FN>
All Classes are per $1,000 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>
1A1                   0.00000000        0.00000000         5.54671629          0.00000000          973.46682589
1A2                   0.00000000        0.00000000         5.57355560          0.00000000          982.56359800
1A3                   0.00000000        0.00000000         5.57705103          0.00000000          983.74834374
1A4                   0.00000000        0.00000000         5.57992538          0.00000000          984.72256921
1A5                   0.00000000        0.00000000         5.58128171          0.00000000          985.18225928
1A6                   0.00000000        0.00000000         5.62500000          0.00000000         1000.00000000
1A7                   0.00000000        0.00000000         5.62500000          0.00000000         1000.00000000
1A8                   0.00000000        0.00000000         5.58432945          0.00000000          986.21525004
1A9                   0.00000000        0.00000000         5.62499995          0.00000000         1000.00000000
1A10                  0.00000000        0.00000000         5.60422753          0.00000000          992.59345484
1A11                  0.00000000        0.00000000         5.65664071          0.00000000         1011.28164071
1A12                  0.00000000        0.00000000         5.62500000          0.00000000         1000.00000000
AR                    0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
1AWIO                 0.00000000        0.00000000         0.21319396          0.00000000          988.65056627
2A1                   0.00000000        0.00000000         5.57208571          0.00000000          978.51755496
2A2                   0.00000000        0.00000000         5.59890967          0.00000000          990.20633700
2AWIO                 0.00000000        0.00000000         0.17999887          0.00000000          977.59276466
1B1                   0.00000000        0.00000000         5.61641489          0.00000000          997.24782083
1B2                   0.00000000        0.00000000         5.61641395          0.00000000          997.24782053
1B3                   0.00000000        0.00000000         5.61641565          0.00000000          997.24782065
1B4                   0.00000000        0.00000000         5.61641362          0.00000000          997.24782192
1B5                   0.00000000        0.00000000         5.61641299          0.00000000          997.24782331
2B1                   0.00000000        0.00000000         5.59890933          0.00000000          990.20633377
2B2                   0.00000000        0.00000000         5.59891182          0.00000000          990.20634146
2B3                   0.00000000        0.00000000         5.59889764          0.00000000          990.20632546
2B4                   0.00000000        0.00000000         5.59890830          0.00000000          990.20633188
2B5                   0.00000000        0.00000000         5.59896104          0.00000000          990.20636364
B6                    0.00000000        0.00000000         5.61397013          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>
                                             CERTIFICATEHOLDER ACCOUNT STATEMENT
                                                      CERTIFICATE ACCOUNT

<S>                                                                                   <C>
Beginning Balance                                                                                        0.00
Deposits
    Payments of Interest and Principal                                                          12,606,753.79
    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                                                                                  12,606,753.79

Withdrawals
    Reimbursement for Servicer Advances                                                                  0.00
    Payment of Service Fee                                                                         226,080.81
    Payment of Interest and Principal                                                           12,380,672.98
Total Withdrawals (Pool Distribution Amount)                                                    12,606,753.79

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                                                                                226,080.81
Supported Prepayment/Curtailment Interest Shortfall                                                      0.00
Net Servicing Fee                                                                                  226,080.81

</TABLE>

<TABLE>
<CAPTION>                           CERTIFICATEHOLDER DELINQUENCY/CREDIT ENHANCEMENT STATEMENT
                                                       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                                  12      4,065,699.65               0.368664%          0.376771%
60 Days                                   2        731,672.39               0.061444%          0.067805%
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                                   14      4,797,372.04               0.430108%          0.444576%
</TABLE>
<TABLE>
<CAPTION>

                                                       OTHER INFORMATION
<S>                                                                             <C>
Current Period Realized Loss - Includes Interest Shortfall                                           0.00
Cumulative Realized Losses - Includes Interest Shortfall                                             0.00
Principal Balance of Contaminated Properties                                                         0.00
Current Period Class A Losses                                                                        0.00
Periodic Advance                                                                                     0.00
</TABLE>






 <TABLE>
 <CAPTION>
                               COLLATERAL STATEMENT
 <S>                                                                       <C>
 Collateral Description                                         Mixed Fixed & Arm

 Weighted Average Gross Coupon                                         7.196709%
 Weighted Average Net Coupon                                           6.946709%
 Weighted Average Pass-Through Rate                                    6.946709%
 Weighted Average Maturity(Stepdown Calculation )                            339
 Beginning Scheduled Collateral Loan Count                                 3,267

 Number Of Loans Paid In Full                                                 12
 Ending Scheduled Collateral Loan Count                                    3,255
 Beginning Scheduled Collateral Balance                         1,085,187,909.98
 Ending Scheduled Collateral Balance                            1,079,089,307.29
 Ending Actual Collateral Balance at 30-May-2000                1,079,089,307.29
 Monthly P &I Constant                                              8,436,176.51
 Ending Scheduled Balance for Premium Loans                     1,079,089,307.29
 Scheduled Principal                                                1,928,025.38
 Unscheduled Principal                                              4,170,577.31
 </TABLE>
<TABLE>
<CAPTION>
           <S>                                        <C>
Class 1A-12 Priority Percentage                                   .10360671%
Class 2A-2 Priority Percentage                                    .19810301%
Senior Prepayment Percentage                                            100%
Subordinate Prepayment Percentage                                      0.00%
Subordinate % for Group 1                                          3.011588%
Subordinate % for Group 2                                           1.50952%
Senior Percentage for Group 1                                     96.988412%
Senior Percentage for Group 2                                      98.49048%
Bankruptcy Loss Limit                                            $288,526.09
Fraud Loss Limit                                              $10,914,179.84
Special Hazard Loss Limit                                     $10,790,893.07
</TABLE>
 <TABLE>
 <CAPTION>
                                      Group Level Collateral Statement
 <S>                                                                <C>
 Group ID                                                                     1                         2                   Total
 Collateral Description                                    Fixed 30 Year Ratio       Fixed 30 Year Ratio
 Weighted Average Coupon Rate                                          7.208637                  7.122764
 Weighted Average Net Rate                                             6.958637                  6.872764
 Weighted Average Maturity                                               339.00                    157.00
 Beginning Loan Count                                                     2,792                       475                   3,267
 Loans Paid In Full                                                          10                         2                      12
 Ending Loan Count                                                        2,782                       473                   3,255
 Beginning Scheduled Balance                                     934,453,940.15            150,733,969.83        1,085,187,909.98
 Ending scheduled Balance                                        929,967,506.99            149,121,800.30        1,079,089,307.29
 Record Date                                                         05/30/2000                05/30/2000
 Principal And Interest Constant                                   6,760,761.22              1,675,415.29            8,436,176.51
 Scheduled Principal                                               1,147,312.18                780,713.20            1,928,025.38
 Unscheduled Principal                                             3,339,120.98                831,456.33            4,170,577.31
 Scheduled Interest                                                5,613,449.04                894,702.09            6,508,151.13


 Servicing Fees                                                      194,677.90                 31,402.91              226,080.81
 Master Servicing Fees                                                     0.00                      0.00                    0.00
 Trustee Fee                                                               0.00                      0.00                    0.00
 FRY Amount                                                                0.00                      0.00                    0.00
 Special Hazard Fee                                                        0.00                      0.00                    0.00
 Other Fee                                                                 0.00                      0.00                    0.00
 Pool Insurance Fee                                                        0.00                      0.00                    0.00
 Spread Fee 1                                                              0.00                      0.00                    0.00
 Spread Fee 2                                                              0.00                      0.00                    0.00
 Spread Fee 3                                                              0.00                      0.00                    0.00
 Net Interest                                                      5,418,771.14                863,299.18            6,282,070.32
 Realized Loss Amount                                                      0.00                      0.00                    0.00
 Cumulative Realized Loss                                                  0.00                      0.00                    0.00
 Percentage of Cumulative Losses                                           0.00                      0.00                    0.00


 </TABLE>

    <TABLE>
    <CAPTION>                                           Delinquency Status By Groups

       <S>                          <C>             <C>             <C>             <C>             <C>            <C>
 Group                             30 Days        60 Days         90 + Days     Foreclosure         REO         Bankruptcy
  1     Principal Balance      3,045,231.21      731,672.39             0.00           0.00            0.00           0.00
        Percentage Of Balance        0.327%          0.079%           0.000%         0.000%          0.000%         0.000%
        Loan Count                        9               2                0              0               0              0
        Percentage Of Loans          0.324%          0.072%           0.000%         0.000%          0.000%         0.000%

  2     Principal Balance      1,020,468.44            0.00             0.00           0.00            0.00           0.00
        Percentage Of Balance        0.684%          0.000%           0.000%         0.000%          0.000%         0.000%
        Loan Count                        3               0                0              0               0              0
        Percentage Of Loans          0.634%          0.000%           0.000%         0.000%          0.000%         0.000%

 Totals:Principal Balance      4,065,699.65      731,672.39             0.00           0.00            0.00           0.00
        Percentage of Balance        0.377%          0.068%           0.000%         0.000%          0.000%         0.000%
        Loan Count                       12               2                0              0               0              0
        Percentage Of Loans          0.369%          0.061%           0.000%         0.000%          0.000%         0.000%

 </TABLE>









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