ITEM 1 BUSINESS
Not applicable
ITEM 2
ITEM 2 PROPERTIES
The Trust's sole asset is a pool of actuarial manufactured housing installments sales contracts and installment loan agreements originated or acquired by Access Financial Lending Corp. (formerly Access Financial Corp.).
ITEM 3
ITEM 3 LEGAL PROCEEDINGS
Cargill Financial Services Corporation is not aware of any material pending litigation involving the Registrant, the Trustee, the Seller or the Servicer with respect to the Certificates or the Registrant's Property.
ITEM 4
ITEM 4 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
No vote or consent of holders of any class of certificate was solicited for any purpose during the year ended December 31, 1996.
PART II
ITEM 5
ITEM 5 MARKET FOR THE REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDERS MATTERS
Each Class of the Certificates representing investors' interests in the Trust is represented by a single Certificate of such Class registered in the name of Cede & Co. ("Cede"), the nominee of The Depository Trust Company ("DTC"). To the best knowledge of the Registrant, there is no established public trading market for the Certificates.
ITEM 6
ITEM 6 SELECTED FINANCIAL DATA
Not applicable.
ITEM 7
ITEM 7 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Not applicable.
ITEM 8
ITEM 8 FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Not applicable.
ITEM 9
ITEM 9 CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
None.
PART III
ITEM 10
ITEM 10 DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
Not applicable.
ITEM 11
ITEM 11 EXECUTIVE COMPENSATION
Not applicable.
ITEM 12
ITEM 12 SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The Certificates representing the investors' interests in the Trust are represented by a single Certificate registered in the name of Cede, the nominee of DTC, and an investor holding an interest in the Trust is not entitled to receive a Certificate representing such interest except in certain limited circumstances. Accordingly, Cede is the sole holder of record of Certificates which it holds on behalf of brokers, dealers, banks and other direct participants in the DTC system. Such direct participants may hold Certificates for their own accounts or for the accounts of their customers. The name and address of Cede is: Cede & Co. c/o The Depository Trust Company Seven Hanover Square New York, New York 10004 The Seller is not aware of any Schedule 13D or 13G filed with Commission in respect of the Certificates.
ITEM 13
ITEM 13 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
Not applicable.
PART IV
ITEM 14
ITEM 14 EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K
(a) 1. Financial Statements
Not applicable.
2. Financial Statement Schedules
Not applicable.
3. See Exhibit 99 below
(b) The following reports on Form 8-K were filed for fiscal 1996.
Date of Report Item Covered May 27, 1998 Monthly Reports to Certificate Holders
(c) Exhibit 99
99.1 Summary of Monthly Reports (June 1996 through December 1996) 99.2 Uniform Single Attestation Program for Mortgage Brokers
(d) Not applicable.
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: May 27, 1998
CARGILL FINANCIAL SERVICES CORPORATION, as Sponsor
By: /s/ Robert D. Beach ---------------------------- ROBERT D. BEACH Vice President
INDEX TO EXHIBITS
EXHIBIT NUMBER DESCRIPTION PAGE - ------ --------------------------------------------- ----
99.1 Summary of Monthly Reports (June 1996 through December 1996)
99.2 Uniform Single Attestation Program for Mortgage Brokers