Item 1. Business - ------- --------
The Company utilizes a number of software programs and information systems in the ordinary course of servicing the mortgage loans it securitizes. Year 2000 compliance programs and information systems modifications have been initiated in an attempt to ensure that these systems and key processes will remain functional. This objective is expected to be achieved either by modifying present systems using existing internal and external programming resources or by installing new systems, and by monitoring supplier and other third-party interfaces. While there can be no assurance that all such modifications will be successful, management does not expect that either costs of modifications or consequences of any unsuccessful modifications should have a material adverse effect on the financial position, results of operations or liquidity of the Company.
Pursuant to the Exemptive Order, the Company is not required to provide any other information under Item 1.
Item 2.
Item 2. Properties - ------- ----------
The information set forth in the Current Reports on Form 8-K dated January 27, 1997, February 25, 1997, March 25, 1997, April 25, 1997, May 27, 1997, June 25, 1997, July 25, 1997, August 25, 1997, September 25, 1997, October 27, 1997, November 25, 1997 and December 26, 1997 is incorporated herein by reference. See also the Servicer's Annual Statements as to Compliance that are filed as Exhibits 99.1 through 99.13 under Part IV, Item 14(a) hereof.
Item 3.
Item 3. Legal Proceedings - ------- -----------------
On May 5, 1995 several borrowers under home equity mortgage loans made by the Company filed a class action lawsuit in the United States District Court for the District of New Jersey alleging that the plaintiffs and the members of the class that they seek to represent borrowed from the Company at interest rates which were higher than the Company's required yield for a mortgage loan of that type under a program allegedly intended by the Company to provide additional compensation to the borrowers' brokers. Such case is captioned DAVIS ET. AL. V. GE CAPITAL MORTGAGE SERVICES, INC. The Company is one of a number of major mortgage lending institutions subject to this type of lawsuit. The complaint against the Company contains allegations of violations of law, including violations of the federal Truth in Lending Act and the Massachusetts Truth in Lending Act. The lawsuit seeks an order declaring that the mortgage loans made to the plaintiffs and other class members are void and unenforceable and subject to a continuing right of rescission. The lawsuit also seeks damages for the plaintiffs and other class members, together with costs, interest, attorneys fees and other relief. The Company and plaintiffs' counsel have executed a settlement agreement which has been preliminarily approved by the Court and is awaiting final approval. Although there can be no assurance as to the ultimate outcome of this lawsuit, the Company believes that final resolution thereof will not have a material adverse effect on the financial position of the Company or any effect on the mortgage loans subject to the litigation.
In the case captioned LANCE ROSEN V. GE CAPITAL MORTGAGE SERVICES, INC., GE CAPITAL MORTGAGE CORPORATION AND UNITED GUARANTY RESIDENTIAL INSURANCE CORP., filed in the Superior Court of Camden County, New Jersey on July 28, 1995, the plaintiff seeks to represent a nationwide class of borrowers whose loans were originated or serviced by the Company and for which private mortgage insurance ("PMI") was a loan requirement. The plaintiff alleges that the Company breached a common law duty to notify borrowers, both at the time of loan closing and thereafter during the course of servicing, of the requirements for cancellation of PMI. The plaintiff is seeking a mandatory injunction compelling the Company to provide notices to borrowers to inform borrowers of the necessary preconditions to obtain cancellation of PMI. The plaintiff also seeks money damages, in an unspecified amount, for reimbursement of PMI premiums allegedly unnecessarily paid by borrowers after the conditions precedent to PMI cancellation had been met. The Company and plaintiffs' counsel have executed a settlement agreement which has received final court approval. The terms of the settlement include, inter alia, that (i) the Company will effect a one time cancellation of PMI on all loans it services where the loan-to-value ratio is 69.99% or less, the borrower has not been thirty days late on any payment in the previous twelve months, and the cancellation complies with all relevant investor criteria and (ii) the Company will provide notices at origination and annually to all borrowers with PMI on their loans of the circumstances where they may be able to cancel PMI. In general, cancellation of PMI is permitted for mortgage loans underlying the Company's mortgage-backed securities when the outstanding principal balance of a mortgage loan has amortized to 80% or less of the greater of the origination appraised value or current appraised value of the mortgaged property. The Company believes that final resolution of this lawsuit will not have a material adverse effect on the financial position of the Company.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders - ------- ---------------------------------------------------
None.
PART II
Item 5.
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters - ------- ---------------------------------------------------------------------
There is no established public trading market for the Company's publicly issued Multi-Class Pass-Through Certificates (the "Certificates").
As of December 31, 1997, the number of holders of record of Certificates was as follows:
Mortgage Pool Number of Holders of Record ------------- ---------------------------
Series 1997-1 Class A1 0 Series 1997-1 Class A2 2 Series 1997-1 Class A3 4 Series 1997-1 Class A4 1 Series 1997-1 Class A5 1 Series 1997-1 Class A6 1 Series 1997-1 Class A7 1 Series 1997-1 Class A8 1 Series 1997-1 Class A9 1 Series 1997-1 Class A10 1 Series 1997-1 Class A11 1 Series 1997-1 Class A12 1 Series 1997-1 Class A13 1 Series 1997-1 Class A14 7 Series 1997-1 Class A15 1
Mortgage Pool Number of Holders of Record ------------- --------------------------- Series 1997-1 Class R 1 Series 1997-1 Class RL 1 Series 1997-1 Class PO 1 Series 1997-1 Class M 3 Series 1997-1 Class B1 1 Series 1997-1 Class B2 1 Series 1997-2 Class 1-A1 16 Series 1997-2 Class 1-A2 18 Series 1997-2 Class 1-A3 1 Series 1997-2 Class 1-A4 1 Series 1997-2 Class 1-A5 1 Series 1997-2 Class 1-A6 1 Series 1997-2 Class 1-A8 0 Series 1997-2 Class 1-A9 0 Series 1997-2 Class 1-A10 1 Series 1997-2 Class 1-A11 1 Series 1997-2 Class 1-A12 1 Series 1997-2 Class 1-A13 1 Series 1997-2 Class 1-A14 2 Series 1997-2 Class 1-A15 0 Series 1997-2 Class 1-A16 4 Series 1997-2 Class 1-A17 1 Series 1997-2 Class 1-PO 1 Series 1997-2 Class 1-M 1 Series 1997-2 Class 1-B1 1 Series 1997-2 Class 1-B2 1 Series 1997-2 Class R 1 Series 1997-2 Class RL 1 Series 1997-2 Class 2-A1 1 Series 1997-2 Class 2-A2 1 Series 1997-2 Class 2-A3 1 Series 1997-2 Class 2-A4 1 Series 1997-2 Class 2-A5 1 Series 1997-2 Class 2-A6 1 Series 1997-2 Class 2-A7 5 Series 1997-2 Class 2-PO 1 Series 1997-2 Class 2-M 1 Series 1997-2 Class 2-B1 1 Series 1997-2 Class 2-B2 1 Series 1997-3 Class A1 1 Series 1997-3 Class A2 1 Series 1997-3 Class A3 1 Series 1997-3 Class A4 24 Series 1997-3 Class A5 1 Series 1997-3 Class A6 1 Series 1997-3 Class A7 2 Series 1997-3 Class A8 5 Series 1997-3 Class A9 10 Series 1997-3 Class A10 1 Series 1997-3 Class A11 15 Series 1997-3 Class A12 9 Series 1997-3 Class A13 1
Mortgage Pool Number of Holders of Record ------------- ---------------------------
Series 1997-3 Class A14 1 Series 1997-3 Class A15 4 Series 1997-3 Class PO 0 Series 1997-3 Class R 1 Series 1997-3 Class M 1 Series 1997-3 Class B1 1 Series 1997-3 Class B2 1 Series 1997-4 Class A1 1 Series 1997-4 Class A2 1 Series 1997-4 Class A3 1 Series 1997-4 Class A4 3 Series 1997-4 Class A5 1 Series 1997-4 Class A6 1 Series 1997-4 Class A7 1 Series 1997-4 Class A8 1 Series 1997-4 Class A9 2 Series 1997-4 Class A10 7 Series 1997-4 Class A11 1 Series 1997-4 Class A12 1 Series 1997-4 Class R 1 Series 1997-4 Class PO 1 Series 1997-4 Class M 1 Series 1997-4 Class B1 1 Series 1997-4 Class B2 1 Series 1997-5 Class A1 3 Series 1997-5 Class A2 21 Series 1997-5 Class A3 6 Series 1997-5 Class A4 1 Series 1997-5 Class A5 1 Series 1997-5 Class A6 1 Series 1997-5 Class A7 0 Series 1997-5 Class R 1 Series 1997-5 Class PO1 0 Series 1997-5 Class PO2 0 Series 1997-5 Class S1 0 Series 1997-5 Class M 1 Series 1997-5 Class B1 1 Series 1997-5 Class B2 1 Series 1997-6 Class A1 4 Series 1997-6 Class A2 5 Series 1997-6 Class A3 5 Series 1997-6 Class A4 4 Series 1997-6 Class A5 1 Series 1997-6 Class A6 3 Series 1997-6 Class A7 2 Series 1997-6 Class A8 1 Series 1997-6 Class A9 1 Series 1997-6 Class A10 1 Series 1997-6 Class A11 0 Series 1997-6 Class A12 1 Series 1997-6 Class A13 1 Series 1997-6 Class A14 1
Mortgage Pool Number of Holders of Record ------------- ---------------------------
Series 1997-6 Class A15 6 Series 1997-6 Class A16 2 Series 1997-6 Class A17 2 Series 1997-6 Class A18 1 Series 1997-6 Class R 1 Series 1997-6 Class PO 0 Series 1997-6 Class M 1 Series 1997-6 Class B1 2 Series 1997-6 Class B2 1 Series 1997-7 Class A1 2 Series 1997-7 Class A2 6 Series 1997-7 Class A3 5 Series 1997-7 Class A4 1 Series 1997-7 Class A5 1 Series 1997-7 Class A6 1 Series 1997-7 Class A7 1 Series 1997-7 Class A8 1 Series 1997-7 Class A9 1 Series 1997-7 Class A10 1 Series 1997-7 Class A11 2 Series 1997-7 Class A12 1 Series 1997-7 Class R 1 Series 1997-7 Class M 1 Series 1997-7 Class B1 1 Series 1997-7 Class B2 1 Series 1997-8 Class A1 1 Series 1997-8 Class A2 1 Series 1997-8 Class A3 1 Series 1997-8 Class A4 1 Series 1997-8 Class A5 1 Series 1997-8 Class A6 16 Series 1997-8 Class A7 18 Series 1997-8 Class A8 1 Series 1997-8 Class A9 1 Series 1997-8 Class A10 1 Series 1997-8 Class A11 1 Series 1997-8 Class A12 1 Series 1997-8 Class A13 3 Series 1997-8 Class A14 3 Series 1997-8 Class A15 2 Series 1997-8 Class A16 1 Series 1997-8 Class A17 3 Series 1997-8 Class A18 0 Series 1997-8 Class A19 0 Series 1997-8 Class R 1 Series 1997-8 Class RL 1 Series 1997-8 Class M 1 Series 1997-8 Class B1 1 Series 1997-8 Class B2 1 Series 1997-9 Class 1-A1 1 Series 1997-9 Class 1-A2 7 Series 1997-9 Class 1-A3 7
Mortgage Pool Number of Holders of Record ------------- ---------------------------
Series 1997-9 Class 1-A4 3 Series 1997-9 Class 1-A5 2 Series 1997-9 Class 1-A6 6 Series 1997-9 Class 1-A7 1 Series 1997-9 Class 1-A8 1 Series 1997-9 Class 1-A9 2 Series 1997-9 Class 1-A10 2 Series 1997-9 Class 1-A12 1 Series 1997-9 Class 1-A13 2 Series 1997-9 Class 1-A14 2 Series 1997-9 Class 1-A15 2 Series 1997-9 Class 1-A16 1 Series 1997-9 Class 1-A17 1 Series 1997-9 Class 1-M 1 Series 1997-9 Class 1-B1 1 Series 1997-9 Class 1-B2 1 Series 1997-9 Class 2-A1 7 Series 1997-9 Class 2-A2 1 Series 1997-9 Class 2-A3 2 Series 1997-9 Class 2-A4 3 Series 1997-9 Class 2-A5 2 Series 1997-9 Class 2-A6 4 Series 1997-9 Class 2-A7 3 Series 1997-9 Class 2-A8 1 Series 1997-9 Class 2-A9 3 Series 1997-9 Class 2-A10 1 Series 1997-9 Class 2-M 1 Series 1997-9 Class 2-B1 1 Series 1997-9 Class 2-B2 1 Series 1997-9 Class R 1 Series 1997-9 Class RL 1 Series 1997-10 Class A1 1 Series 1997-10 Class A2 1 Series 1997-10 Class A3 2 Series 1997-10 Class A4 1 Series 1997-10 Class A5 2 Series 1997-10 Class A6 1 Series 1997-10 Class R 1 Series 1997-10 Class M 1 Series 1997-10 Class B1 1 Series 1997-10 Class B2 2 Series 1997-11 Class A1 6 Series 1997-11 Class A2 1 Series 1997-11 Class A3 6 Series 1997-11 Class A4 1 Series 1997-11 Class A5 2 Series 1997-11 Class M 1 Series 1997-11 Class B1 1 Series 1997-11 Class B2 1 Series 1997-11 Class R 1 Series 1997-12 Class A1 3 Series 1997-12 Class A2 2
Mortgage Pool Number of Holders of Record ------------- ---------------------------
Series 1997-12 Class A3 2 Series 1997-12 Class A4 1 Series 1997-12 Class A5 1 Series 1997-12 Class A6 2 Series 1997-12 Class M 1 Series 1997-12 Class B1 1 Series 1997-12 Class B2 1 Series 1997-12 Class R 1 Series 1997-13 Class A1 3 Series 1997-13 Class A2 1 Series 1997-13 Class A3 12 Series 1997-13 Class R 1 Series 1997-13 Class M 1 Series 1997-13 Class B1 1 Series 1997-13 Class B2 1 Series 1997-HE1 Class A1 4 Series 1997-HE1 Class A2 3 Series 1997-HE1 Class A3 2 Series 1997-HE1 Class A4 4 Series 1997-HE1 Class A5 1 Series 1997-HE1 Class R1 1 Series 1997-HE1 Class R2 1 Series 1997-HE1 Class M 3 Series 1997-HE1 Class B1 1 Series 1997-HE1 Class B2 1 Series 1997-HE2 Class A1 3 Series 1997-HE2 Class A2 3 Series 1997-HE2 Class A3 10 Series 1997-HE2 Class A4 22 Series 1997-HE2 Class A5 4 Series 1997-HE2 Class A6 3 Series 1997-HE2 Class A7 4 Series 1997-HE2 Class R1 1 Series 1997-HE2 Class R2 1 Series 1997-HE2 Class M 1 Series 1997-HE2 Class B1 1 Series 1997-HE2 Class B2 1 Series 1997-HE3 Class A1 5 Series 1997-HE3 Class A2 1 Series 1997-HE3 Class A3 9 Series 1997-HE3 Class A4 9 Series 1997-HE3 Class A5 1 Series 1997-HE3 Class A6 4 Series 1997-HE3 Class R1 1 Series 1997-HE3 Class R2 1 Series 1997-HE3 Class M 1 Series 1997-HE3 Class B1 1 Series 1997-HE3 Class B2 1 Series 1997-HE4 Class A1 5 Series 1997-HE4 Class A2 1 Series 1997-HE4 Class A3 1 Series 1997-HE4 Class A4 1
Mortgage Pool Number of Holders of Record ------------- ---------------------------
Series 1997-HE4 Class A5 12 Series 1997-HE4 Class A6 2 Series 1997-HE4 Class A7 6 Series 1997-HE4 Class R1 1 Series 1997-HE4 Class R2 1 Series 1997-HE4 Class M 2 Series 1997-HE4 Class B1 1 Series 1997-HE4 Class B2 1
Pursuant to the Exemptive Order, the Company is not required to provide any other information under Item 5.
Item 6.
Item 6. Selected Financial Data - ------- -----------------------
Pursuant to the Exemptive Order, the Company is not required to provide this information.
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and - ------- Results of Operations ----------------------------------------------------------------- Pursuant to the Exemptive Order, the Company is not required to provide this information.
Item 7A.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk - -------- ---------------------------------------------------------- Pursuant to the Exemptive Order, the Company is not required to provide this information.
Item 8.
Item 8. Financial Statements and Supplementary Data - ---------- ------------------------------------------------------- See the Servicer's Annual Statements as to Compliance that are filed as Exhibits 99.1 through 99.13 under Part IV, Item 14(a) hereof; see also reports concerning the Registrant's servicing activities, dated February 17, 1998, prepared by the Registrant's independent certified public accountants, filed as Exhibit 99.14 (relating to the portion of the mortgage loans in the Registrant's Servicing Portfolio, as defined below, comprised of mortgage loans other than home equity mortgage loans, for which Registrant is primary servicer), Exhibit 99.15 (relating to the home equity loan portion of the Registrant's Servicing Portfolio, for which Registrant is primary servicer) and Exhibit 99.16 (relating to the portion of mortgage loans in Registrant's Servicing Portfolio, for which Registrant is master servicer) under Part IV, Item 14(a) hereof. Insofar as a portion of the mortgage loans covered by the report filed by the Company as Exhibit 99.16 are also directly serviced by the Company, such mortgage loans are also covered by the report filed as Exhibit 99.14. "Registrant's Servicing Portfolio" includes, but is not limited to, mortgage loans in Series with respect to which this Annual Report on Form 10-K is filed.
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 - -------- -------------------------------------------------- Pursuant to the Exemptive Order, the Company is not required to provide this information.
Item 11.
Item 11. Executive Compensation - -------- ---------------------- Pursuant to the Exemptive Order, the Company is not required to provide this information.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management - -------- -------------------------------------------------------------- (a) Set forth below is certain information with respect to each holder of record of more than five percent (5%) of the fractional undivided interests in a Mortgage Pool evidenced by a Class of a Series of Certificates publicly-offered during1997, as of December 31, 1997.
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-1 Class A2 Bankers Trust Company 1 63 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Boston Safe Deposit & Trust Co. 1 37 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
Series 1997-1 Class A3 The Bank of New York 1 9 925 Patterson Plank Road Secaucus, NJ 07094
Boston Safe Deposit & Trust Co. 1 23 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
Well Fargo Bank, N.A. 1 67 26610 West Agoura Road Calabasas, CA 91305
Series 1997-1 Class A4 LBI-Lehman Government Securities Inc.1 100 200 Vesy Street New York, NY 10285
Series 1997-1 Class A5 Chase Manhattan Bank 1 100 4 New York Plaza 13th Floor New York, NY 10004
Series 1997-1 Class A6 SSB - Custodian 1 100 Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631
Series 1997-1 Class A7 Nomura Securities/Fixed Income 1 100 2 World Financial Center, Bldg. B New York, NY 10281-1198
Series 1997-1 Class A8 Citibank, N.A. 1 100 P.O. Box 30576 Tampa, FL 33630-3576
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-1 Class A9 Fiduciary SSB 1 100 108 Myrtle Street Newport Office Bldg. North Quincy, MA 02171
Series 1997-1 Class A10 State Street Bank & Trust Company 1 100 Collateral Agent for FSA 2 International Place, 5th Floor Boston, MA 02110
Series 1997-1 Class A11 TFinn & Co. 1 100 c/o Chase Manhattan Bank P.O. Box 50000 Department 6583 - Outsourcing Services Newark, NJ 07101
Series 1997-1 Class A12 Deseret Trust Company-Zions 1 100 P.O. Box 11558 Salt Lake City, UT 84147-0558
Series 1997-1 Class A13 LBI-Lehman Government Securities 1 100 Inc. 200 Vesy Street New York, NY 10285
Series 1997-1 Class A14 Corestates Bank/Commonwealth of PA 1 11 Global Corp. Action Dept. JAB5W P.O. Box 1631 Boston, MA 02105-1631
Chase Manhattan Bank 1 62 4 New York Plaza 13th Floor New York, NY 10004
Prudential Securities Incorporated 1 6 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
SSB - Custodian 1 18 Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631
Series 1997-1 Class A15 Morgan Stanley Trust Company 1 100 Investor Communications Services 51 Mercedes Way Edgewood, NY 11717
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-1 Class R TFinn & Co. 1 100 c/o Chase Manhattan Bank P.O. Box 50000 Department 6583 - Outsourcing Services Newark, NJ 07101 Series 1997-1 Class RL TFinn & Co. 1 100 c/o Chase Manhattan Bank P.O. Box 50000 Department 6583 - Outsourcing Services Newark, NJ 07101
Series 1997-1 Class PO Chase Manhattan Bank/Broker & 1 100 Dealer Clearance Department 4 New York Plaza 21st Floor New York, NY 10004
Series 1997-1 Class M The Bank of New York 1 33 925 Patterson Plank Road Secaucus, NJ 07094
First National Bank of Omaha 1 44 One First National Center Omaha, NE 68102
National City Bank 1 22 1900 East 9th Street Cleveland, OH 44114
Series 1997-1 Class B1 Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-1 Class B2 Northern Trust Company 1 100 801 S. Canal C-IN Chicago, IL 60607
Series 1997-2 Class 1-A1 The Bank of New York 1 47 925 Patterson Plank Road Secaucus, NJ 07094
Bankers Trust Company 1 6 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Boston Safe Deposit & Trust Co. 1 9 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
SSB - Custodian 1 11 Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631
Series 1997-2 Class 1-A2 The Bank of New York 1 49 925 Patterson Plank Road Secaucus, NJ 07094
Boston Safe Deposit & Trust Co. 1 5 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
KeyBank National Association 1 5 4900 Tiedeman Road Brooklyn, OH 44144
Nationsbanc Montgomery Securities LLC 1 10 200 North College Street Charlotte, NC 28255
Northern Trust Company 1 12 801 S. Canal C-IN Chicago, IL 60607
Series 1997-2 Class 1-A3 Boston Safe Deposit & Trust Co. 1 100 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
Series 1997-2 Class 1-A4 Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-2 Class 1-A5 Morgan Stanley & Co., Incorporated 1 100 One Pierrepont Plaza, 7th Floor Brooklyn, NY 11201
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-2 Class 1-A6 Chase Manhattan Bank/Chemical 1 100 4 New York Plaza 13th Floor New York, NY 10004
Series 1997-2 Class 1-A10 LBI-Lehman Government Securities 1 100 Inc. 200 Vesy Street New York, NY 10285
Series 1997-2 Class 1-A11 Chase Manhattan Bank/Salomon 1 100 4 New York Plaza 21st Floor New York, NY 10004
Series 1997-2 Class 1-A12 Deseret Trust Company-Zions 1 100 P.O. Box 11558 Salt Lake City, UT 84147-0558
Series 1997-2 Class 1-A13 A.G. Edwards & Sons, Inc. 1 100 1 North Jefferson St. Louis, MO 63103
Series 1997-2 Class 1-A14 A.G. Edwards & Sons, Inc. 1 86 1 North Jefferson St. Louis, MO 63103
Merrill, Lynch, Pierce, Fenner 1 14 & Smith Safekeeping 4 Corporate Place Corporate Park 287 Piscataway, NJ 08855
Series 1997-2 Class 1-A16 Chase Manhattan Bank/Chemical 1 48 4 New York Plaza 13th Floor New York, NY 10004
Morgan Stanley & Co., Incorporated 1 33 One Pierrepont Plaza, 7th Floor Brooklyn, NY 11201
Morgan Stanley Trust Company 1 17 Investor Communications Services 51 Mercedes Way Edgewood, NY 11717
Series 1997-2 Class 1-A17 Morgan Stanley & Co., Incorporated 1 100 One Pierrepont Plaza, 7th Floor Brooklyn, NY 11201
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-2 Class 1-PO Norwest Bank Minnesota, N.A. 1 100 733 Marquette Avenue Minneapolis, MN 55479
Series 1997-2 Class 1-M Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-2 Class 1-B1 Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-2 Class 1-B2 Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-2 Class R Ailesbury Finance LLC 1 100 1912 Capitol Avenue, Suite 406 Cheyeene, WY 22001
Series 1997-2 Class RL Ailesbury Finance LLC 1 100 1912 Capitol Avenue, Suite 406 Cheyeene, WY 22001
Series 1997-2 Class 2-A1 Norwest Bank Minnesota, N.A. 1 100 733 Marquette Avenue Minneapolis, MN 55479
Series 1997-2 Class 2-A2 The Bank of New York 1 100 925 Patterson Plank Road Secaucus, NJ 07094
Series 1997-2 Class 2-A3 LBI-Lehman Government Securities Inc. 1 100 200 Vesy Street New York, NY 10285
Series 1997-2 Class 2-A4 SSB - Custodian 1 100 Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631
Series 1997-2 Class 2-A5 CIBC Oppenheimer Corp./WG 1 100 1 Battery Park Plaza New York, NY 10004
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-2 Class 2-A6 CIBC Oppenheimer Corp./WG 1 100 1 Battery Park Plaza New York, NY 10004
Series 1997-2 Class 2-A7 Boston Safe Deposit & Trust Co. 1 7 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
Chase Manhattan Bank/Chemical 1 32 4 New York Plaza 13th Floor New York, NY 10004
SSB - Custodian 1 46 Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631
Wachovia Bank, N.A. 1 11 100 N. Main Street, NC 37121 Winston-Salem, NC 27150
Series 1997-2 Class 2-PO Wells Fargo Bank, N.A. 1 100 26610 West Agoura Road Calabasas, CA 91307
Series 1997-2 Class 2-M Deutsche Morgan Grenfell Inc. 1 100 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Series 1997-2 Class 2-B1 Deutsche Morgan Grenfell Inc. 1 100 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Series 1997-2 Class 2-B2 The Bank of New York 1 100 925 Patterson Plank Road Secaucus, NJ 07094
Series 1997-3 Class A1 Chase Manhattan Bank 1 100 4 New York Plaza 13th Floor New York, NY 10004
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-3 Class A2 Chase Manhattan Bank/Chemical 1 100 4 New York Plaza 13th Floor New York, NY 10004
Series 1997-3 Class A3 Compass Bank - ALFA 1 100 15 South 20th Street, 7th Floor Birmingham, AL 35233
Series 1997-3 Class A4 The Bank of New York 1 5 925 Patterson Plank Road Secaucus, NJ 07094
Brown Brothers Harriman & Co. 1 6 63 Wall Street, 8th Floor New York, NY 10005
Corestates Bank, N.A. 1 34 P.O. Box 7618 F.C. #1-9-1-21 Philadelphia, PA 19106-7618
SSB - Custodian 1 11 Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631
UMB Bank, N.A. 1 11 P.O. Bank 419260 Kansas City, MO 64141-6260
Series 1997-3 Class A5 Zions-EPA 1 100 c/o Deseret Trust Company P.O. Box 11558 Salt Lake City, UT 84147-0558
Series 1997-3 Class A6 LBI-Lehman Government Securities Inc. 1 100 200 Vesy Street New York, NY 10285
Series 1997-3 Class A7 Chase Manhattan Bank 1 76 4 New York Plaza 13th Floor New York, NY 10004
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Merrill, Lynch, Pierce, Fenner 1 24 & Smith, Inc. - Debt. Sec. 4 Corporate Place Corporate Park 287 Piscataway, NJ 08855
Series 1997-3 Class A8 A.G. Edwards & Sons, Inc. 1 98 1 North Jefferson St. Louis, MO 63103
Series 1997-3 Class A9 The Bank of New York 1 6 925 Patterson Plank Road Secaucus, NJ 07094
Comerica Bank 1 47 Cap. Chg./Proxy 7CBB/MC 3530 Detroit, MI 48275-3530
A.G. Edwards & Sons, Inc. 1 14 1 North Jefferson St. Louis, MO 63103
Smith Barney Inc. 1 32 333 W. 34th Street New York, NY 10001
Series 1997-3 Class A10 Chase Manhattan Bank/Chemical 1 100 4 New York Plaza 13th Floor New York, NY 10004
Series 1997-3 Class A11 A.G. Edwards & Sons, Inc. 1 13 1 North Jefferson St. Louis, MO 63103
Smith Barney Inc. 1 85 333 W. 34th Street New York, NY 10001
Series 1997-3 Class A12 BankBoston, N.A. 1 5 150 Royal Street Canton, MA 02021
A.G. Edwards & Sons, Inc. 1 94 1 North Jefferson St. Louis, MO 63103
Series 1997-3 Class A13 Citibank, N.A. 1 100 P.O. Box 30576 Tampa, FL 33630-3576
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-3 Class A14 Goldman, Sachs & Co. 1 100 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Series 1997-3 Class A15 The Bank of New York 1 13 925 Patterson Plank Road Secaucus, NJ 07094
Comerica Bank 1 82 Cap. Chg./Proxy 7CBB/MC 3530 Detroit, MI 48275-3530
Series 1997-3 Class R Bankers Trust Company, London Branch 1 100 1 Apoold Street, Broadgate London, England EC2A2HE
Series 1997-3 Class M Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-3 Class B1 Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-3 Class B2 Northern Trust Company 1 100 801 S. Canal C-IN Chicago, IL 60607
Series 1997-4 Class A1 The Bank of New York 1 100 925 Patterson Plank Road Secaucus, NJ 07094
Series 1997-4 Class A2 Chase Manhattan Bank/Chemical 1 100 4 New York Plaza 13th Floor New York, NY 10004
Series 1997-4 Class A3 Bear, Stearns Securities Corp. 1 100 One Metrotech Center North 4th Floor Brooklyn, NY 11201-3862
Series 1997-4 Class A4 Credit Suisse First Boston 1 32 Corporation c/o ADP Proxy Services 51 Mercedes Way Edgewood,NY 11717
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Fiduciary SSB 1 34 108 Myrtle Street Newport Office Building North Quincy, MA 02171
PWI CMO Account 1 34 1000 Harbor Blvd., 8th Floor Weehawken, NJ 07087
Series 1997-4 Class A5 Chase Manhattan Bank/Chemical 1 100 4 New York Plaza 13th Floor New York, NY 10004
Series 1997-4 Class A6 Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-4 Class A7 Chase Manhattan Bank, Trust 1 100 4 New York Plaza 13th Floor New York, NY 10004
Series 1997-4 Class A8 Chase Manhattan Bank/Chemical 1 100 4 New York Plaza 13th Floor New York, NY 10004
Series 1997-4 Class A9 Boston Safe Deposit & Trust Co. 1 10 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
Norwest Investment Services, Inc. 1 90 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Series 1997-4 Class A10 The Bank of New York 1 32 925 Patterson Plank Road Secaucus, NJ 07094
Bankers Trust Company 1 39 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Boston Safe Deposit & Trust Co. 1 6 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
A.G. Edwards & Sons, Inc. 1 23 1 North Jefferson St. Louis, MO 63103
Series 1997-4 Class A11 Citibank, N.A. 1 100 P.O. Box 30576 Tampa, FL 33630-3576
Series 1997-4 Class A12 LBI-Lehman Government Securities Inc. 1 100 200 Vesy Street New York, NY 10285
Series 1997-4 Class R CMI Investors II, Limited Partnership 1 100 2 Lincoln Center 5420 LBJ Freeway, Suite 515 Dallas, TX 75240
Series 1997-4 Class PO Norwest Bank Minnesota, N.A. 1 100 733 Marquette Avenue Minneapolis, MN 55479
Series 1997-4 Class M Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-4 Class B1 Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-4 Class B2 Northern Trust Company 1 100 801 S. Canal C-IN Chicago, IL 60607
Series 1997-5 Class A1 Bankers Trust Company 1 16 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Citibank, N.A. 1 26 P.O. Box 30576 Tampa, FL 33630-3576
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Credit Suisse First Boston 1 58 Corporation c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Series 1997-5 Class A2 Bankers Trust Company 1 39 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Boston Safe Deposit & Trust Co. 1 6 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
Chase Manhattan Bank 1 10 4 New York Plaza 13th Floor New York, NY 10004
Chase Manhattan Bank/Broker & Dealer 1 5 Clearance Department 4 New York Plaza 21st Floor New York, NY 10004
Chase Manhattan Bank/Salomon 1 9 4 New York Plaza 21st Floor New York, NY 10004
Northern Trust Company 1 16 801 S. Canal C-IN Chicago, IL 60607
Series 1997-5 Class A3 Merrill, Lynch, Pierce, Fenner 1 32 & Smith Safekeeping 4 Corporate Place Corporate Park 287 Piscataway, NJ 08855
Smith Barney Inc. 1 66 333 W. 34th Street New York, NY 10001
Series 1997-5 Class A4 A.G. Edwards & Sons, Inc. 1 100 1 North Jefferson St. Louis, MO 63103
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-5 Class A5 Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-5 Class A6 Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-5 Class R Adams, Viner & Mosler, Ltd. 1 100 Suite 600, 250 South Australian Avenue West Palm Beach, FL 33401
Series 1997-5 Class M Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-5 Class B1 Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-5 Class B2 Northern Trust Company 1 100 801 S. Canal C-IN Chicago, IL 60607
Series 1997-6 Class A1 The Bank of New York 1 9 925 Patterson Plank Road Secaucus, NJ 07094
Boston Safe Deposit & Trust Co. 1 9 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
Chase Manhattan Bank 1 45 4 New York Plaza 13th Floor New York, NY 10004
Fiduciary SSB 1 36 108 Myrtle Street Newport Office Building North Quincy, MA 02171
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-6 Class A2 The Bank of New York 1 5 925 Patterson Plank Road Secaucus, NJ 07094
Boston Safe Deposit & Trust Co. 1 37 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
Smith Barney Inc. 1 45 333 W. 34th Street New York, NY 10001
M&I Marshall & Ilsley Bank 1 13 1000 North Water Street Milwaukee, WI 53202
Series 1997-6 Class A3 Smith Barney Inc. 1 99 333 W. 34th Street New York, NY 10001
Series 1997-6 Class A4 Chase Manhattan Bank 1 18 4 New York Plaza 13th Floor New York, NY 10004
Morgan Stanley & Co., Incorporated 1 53 One Pierrepont Plaza, 7th Floor Brooklyn, NY 11201
Northern Trust Company 1 27 801 S. Canal C-IN Chicago, IL 60607
Series 1997-6 Class A5 Boston Safe Deposit & Trust Co. 1 100 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
Series 1997-6 Class A6 Citibank, N.A. 1 50 P.O. Box 30576 Tampa, FL 33630-3576
Fleet Bank of Massachusetts, N.A. 1 25 Fleet Services Corp. 2nd Floor NYROTO2B Rochester, NY 14638
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Northern Trust Company 1 25 801 S. Canal C-IN Chicago, IL 60607
Series 1997-6 Class A7 The Bank of New York 1 8 925 Patterson Plank Road Secaucus, NJ 07094
Smith Barney Inc. 1 92 333 W. 34th Street New York, NY 10001
Series 1997-6 Class A8 Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-6 Class A9 Chase Manhattan Bank/Chemical 1 100 4 New York Plaza 13th Floor New York, NY 10004
Series 1997-6 Class A10 UMB Bank, N.A. 1 100 P.O. Box 419260 Kansas City, MO 44141-6260
Series 1997-6 Class A12 PaineWebber Incorporated 1 100 1000 Harbor Boulevard Weehawken, NJ 07087
Series 1997-6 Class A13 Boston Safe Deposit & Trust Co. 1 100 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
Series 1997-6 Class A14 PaineWebber Incorporated 1 100 1000 Harbor Boulevard Weehawken, NJ 07087
Series 1997-6 Class A15 The Bank of New York 1 77 925 Patterson Plank Road Secaucus, NJ 07094
Nationsbank of Texas, N.A. 1 11 Trust Operations, 16th Floor 1401 Elm Street Dallas, TX 75202
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-6 Class A16 Bankers Trust Company 1 88 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Morgan Stanley & Co., Incorporated 1 12 One Pierrepont Plaza, 7th Floor Brooklyn, NY 11201
Series 1997-6 Class A17 BankBoston, N.A. 1 5 150 Royal Street Canton, MA 02021
Morgan Stanley & Co., Incorporated 1 95 One Pierrepont Plaza, 7th Floor Brooklyn, NY 11201
Series 1997-6 Class A18 M&I Marshall & Ilsley Bank 1 100 1000 North Water Street P.O. Box 2977 Milwaukee, WI 53202
Series 1997-6 Class R Bankers Trust Company, London Branch 1 100 1 Apoold Street, Broadgate London, England EC2A2HE
Series 1997-6 Class M Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-6 Class B1 Bankers Trust Company 1 62 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Northern Trust Company 1 38 801 S. Canal C-IN Chicago, IL 60607
Series 1997-6 Class B2 Northern Trust Company 1 100 801 S. Canal C-IN Chicago, IL 60607
Series 1997-7 Class A1 Bear, Stearns Securities Corp. 1 63 One Metrotech Center North 4th Floor Brooklyn, NY 11201-3862
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Custodial Trust Company 1 37 101 Carnegie Center Princeton, NJ 08540
Series 1997-7 Class A2 The Bank of New York 1 56 925 Patterson Plank Road Secaucus, NJ 07094
Bankers Trust Company 1 14 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211 Bank of America Personal Trust 1 11 Proxy Unit #38432 555 S. Flower Street, Level C Los Angeles, CA 90071
Union Bank of California, N.A. 1 15 Safekeeping Department 475 Sansome Street, 11th Floor San Francisco, CA 94145
Series 1997-7 Class A3 The Bank of New York 1 5 925 Patterson Plank Road Secaucus, NJ 07094
Bankers Trust Company 1 60 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Chase Manhattan Bank/Chemical 1 22 4 New York Plaza 13th Floor New York, NY 10004
Northern Trust Company 1 6 801 S. Canal C-IN Chicago, IL 60607
UMB Bank, N.A. 1 7 P.O. Box 419260 Kansas City, MO 44141-6260
Series 1997-7 Class A4 The Bank of New York 1 100 925 Patterson Plank Road Secaucus, NJ 07094
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-7 Class A5 The Bank of New York 1 100 925 Patterson Plank Road Secaucus, NJ 07094
Series 1997-7 Class A6 Credit Suisse First Boston 1 100 Corporation c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Series 1997-7 Class A7 Corestates Bank, N.A. 1 100 P.O. Box 7618 F.C. #1-9-1-21 Philadelphia, PA 19106-7618
Series 1997-7 Class A8 The Bank of New York 1 100 925 Patterson Plank Road Secaucus, NJ 07094
Series 1997-7 Class A9 Prudential Securities Incorporated 1 100 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Series 1997-7 Class A10 Chase Manhattan Bank 1 100 4 New York Plaza 13th Floor New York, NY 10004
Series 1997-7 Class A11 Bankers Trust Company 1 50 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Chase Manhattan Bank/Chemical 1 50 4 New York Plaza 13th Floor New York, NY 10004
Series 1997-7 Class A12 Chase Manhattan Bank/Chemical 1 100 4 New York Plaza 13th Floor New York, NY 10004
Series 1997-7 Class R Credit Suisse First Boston 1 100 Corporation 5 World Trade Center New York, NY 10048
Series 1997-7 Class M Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-7 Class B1 Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-7 Class B2 Northern Trust Company 1 100 801 S. Canal C-IN Chicago, IL 60607
Series 1997-8 Class A1 Boston Safe Deposit & Trust Co. 1 100 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
Series 1997-8 Class A2 Boston Safe Deposit & Trust Co. 1 100 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
Series 1997-8 Class A3 Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-8 Class A4 Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-8 Class A5 Chase Manhattan Bank 1 100 4 New York Plaza 13th Floor New York, NY 10004
Series 1997-8 Class A6 The Bank of New York 1 13 925 Patterson Plank Road Secaucus, NJ 07094
Compass Bank - ALFA 1 24 15 South 20th Street, 7th Floor Birmingham, AL 35233
National City Bank 1 6 1900 East 9th Street Cleveland, OH 44114
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
United States National Bank of Oregon 1 27 555 SW Oak PL-6 Portland, OR 97204
Northern Trust Company 1 9 801 S. Canal C-IN Chicago, IL 60607
Union Bank of California, N.A. 1 6 Safekeeping Department 475 Sansome Street, 11th Floor San Francisco, CA 94145
Wells Fargo Bank, N.A. 1 6 26610 West Agoura Road Calabasas, CA 91307
Series 1997-8 Class A7 The Bank of New York 1 11 925 Patterson Plank Road Secaucus, NJ 07094
Bankers Trust Company 1 7 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Bear, Stearns Securities Corp. 1 9 One Metrotech Center North 4th Floor Brooklyn, NY 11201-3862
Custodial Trust Company 1 10 101 Carnegie Center Princeton, NJ 08540
United States National Bank of Oregon 1 25 555 SW Oak PL-6 Portland, OR 97204
PWI CMO Account 1 30 1000 Harbor Blvd., 8th Floor Weehawken, NJ 07087
Series 1997-8 Class A8 The Bank of New York 1 100 925 Patterson Plank Road Secaucus, NJ 07094
Series 1997-8 Class A9 Citibank, N.A. 1 100 P.O. Box 30576 Tampa, FL 33630-3576
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-8 Class A10 Chase Manhattan Bank/Broker & Dealer 1 100 Clearance Department 4 New York Plaza 21st Floor New York, NY 10004
Series 1997-8 Class A11 LBI-Lehman Government Securities Inc. 1 100 200 Vesy Street New York, NY 10285
Series 1997-8 Class A12 Chase Manhattan Bank/Broker & Dealer 1 100 Clearance Department 4 New York Plaza 21st Floor New York, NY 10004
Series 1997-8 Class A13 The Bank of New York 1 17 925 Patterson Plank Road Secaucus, NJ 07094
Chase Manhattan Bank 1 13 4 New York Plaza 13th Floor New York, NY 10004
SSB - Custodian 1 70 Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631
Series 1997-8 Class A14 Bankers Trust Company 1 71 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Mellon Bank/Safekeeping 1 11 27777 Inkster Road Farmington Hill, MI 48333
Morgan Stanley & Co., Incorporated 1 18 One Pierrepont Plaza, 7th Floor Brooklyn, NY 11201
Series 1997-8 Class A15 Chase Manhattan Bank/Broker & Dealer 1 41 Clearance Department 4 New York Plaza 21st Floor New York, NY 10004
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Custodial Trust Company 1 59 101 Carnegie Center Princeton, NJ 08540
Series 1997-8 Class A16 Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-8 Class A17 Edward D. Jones & Co. 1 100 201 Progress Parkway Maryland Heights, MD 63043-3042
Series 1997-8 Class R Greenwich Capital Markets, Inc. 1 100 600 Steamboat Road Greenwich, CT 06830
Series 1997-8 Class RL Greenwich Capital Markets, Inc. 1 100 600 Steamboat Road Greenwich, CT 06830
Series 1997-8 Class M The Bank of New York 1 100 925 Patterson Plank Road Secaucus, NJ 07094
Series 1997-8 Class B1 Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-8 Class B2 Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-9 Class 1-A1 SSB - Custodian 1 100 Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631
Series 1997-9 Class 1-A2 Boston Safe Deposit & Trust Co. 1 6 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
Chase Manhattan Bank, Trust 1 12 4 New York Plaza 13th Floor New York, NY 10004
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Fiduciary SSB 1 6 108 Myrtle Street Newport Office Bldg. North Quincy, MA 02171
Investors Bank & Trust/M.F. Custody 1 30 200 Clarendon Street 15th Floor, Hancock Tower Boston, MA 02116
SSB - Custodian 1 39 Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631
Series 1997-9 Class 1-A3 The Bank of New York 1 27 925 Patterson Plank Road Secaucus, NJ 07094
Bankers Trust Company 1 20 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Boston Safe Deposit & Trust Co. 1 28 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
National City Bank 1 10 1900 East 9th Street Cleveland, OH 44114
Norwest Bank Minnesota, N.A. 1 10 733 Marquette Avenue Minneapolis, MN 55479
Series 1997-9 Class 1-A4 Bankers Trust Company 1 13 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Comerica Bank 1 30 Cap. Chg./Proxy 7CBB/MC 3530 Detroit, MI 48275-3530
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Northern Trust Company 1 57 801 S. Canal C-IN Chicago, IL 60607
Series 1997-9 Class 1-A5 The Bank of New York 1 62 925 Patterson Plank Road Secaucus, NJ 07094
Merrill, Lynch, Pierce, Fenner & 1 38 Smith Safekeeping 4 Corporate Place Corporate Park 287 Piscataway, NJ 08855
Series 1997-9 Class 1-A6 Bankers Trust Company 1 13 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Chase Manhattan Bank 1 59 4 New York Plaza 13th Floor New York, NY 10004
Merrill, Lynch, Pierce, Fenner 1 13 & Smith Safekeeping 4 Corporate Place Corporate Park 287 Piscataway, NJ 08855
Norwest Investment Services, Inc. 1 5 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Zions-EPA 1 8 c/o Deseret Trust Company P.O. Box 11558 Salt Lake City, UT 84147-0558
Series 1997-9 Class 1-A7 Morgan Stanley Trust Company 1 100 Investor Communications Services 51 Mercedes Way Edgewood, NY 11717
Series 1997-9 Class 1-A8 Chase Manhattan Bank 1 100 4 New York Plaza 13th Floor New York, NY 10004
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-9 Class 1-A9 Bankers Trust Company 1 14 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
LBI-Lehman Government Securities Inc. 1 86 200 Vesy Street New York, NY 10285
Series 1997-9 Class 1-A10 Bankers Trust Company 1 79 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
SSB - Custodian 1 21 Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631
Series 1997-9 Class 1-A12 Boston Safe Deposit & Trust Co. 1 100 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
Series 1997-9 Class 1-A13 The Bank of New York 1 55 925 Patterson Plank Road Secaucus, NJ 07094
Bankers Trust Company 1 45 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-9 Class 1-A14 The Bank of New York 1 12 925 Patterson Plank Road Secaucus, NJ 07094
Chase Manhattan Bank/Broker & Dealer 1 88 Clearance Department 4 New York Plaza 21st Floor New York, NY 10004
Series 1997-9 Class 1-A15 The Bank of New York 1 45 925 Patterson Plank Road Secaucus, NJ 07094
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
PWI CMO Account 1 55 1000 Harbor Blvd., 8th Floor Weehawken, NJ 07087
Series 1997-9 Class 1-A16 Chase Manhattan Bank/Broker & Dealer 1 100 Clearance Department 4 New York Plaza 21st Floor New York, NY 10004
Series 1997-9 Class 1-A17 Chase Manhattan Bank/Broker & Dealer 1 100 Clearance Department 4 New York Plaza 21st Floor New York, NY 10004
Series 1997-9 Class 1-M Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-9 Class 1-B1 Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-9 Class 1-B2 Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-9 Class 2-A1 The Bank of New York 1 6 925 Patterson Plank Road Secaucus, NJ 07094
Boston Safe Deposit & Trust Co. 1 31 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
Northern Trust Company 1 32 801 S. Canal C-IN Chicago, IL 60607
SSB - Custodian 1 23 Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-9 Class 2-A2 Chase Manhattan Bank/Broker & Dealer 1 100 Clearance Department 4 New York Plaza 21st Floor New York, NY 10004
Series 1997-9 Class 2-A3 Bankers Trust Company 1 43 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Chase Manhattan Bank/Broker & Dealer 1 57 Clearance Department 4 New York Plaza 21st Floor New York, NY 10004
Series 1997-9 Class 2-A4 Smith Barney Inc. 1 99 333 W. 34th Street New York, NY 10001
Series 1997-9 Class 2-A5 Smith Barney Inc. 1 100 333 W. 34th Street New York, NY 10001
Series 1997-9 Class 2-A6 The Bank of New York 1 26 925 Patterson Plank Road Secaucus, NJ 07094
Mercantile Bank of St. Louis, N.A. 1 5 P.O. Box 387 St. Louis, MO 63166-0387
Smith Barney Inc. 1 69 333 W. 34th Street New York, NY 10001
Series 1997-9 Class 2-A7 The Bank of New York 1 23 925 Patterson Plank Road Secaucus, NJ 07094
Bankers Trust Company 1 18 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Credit Suisse First Boston 1 59 Corporation c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-9 Class 2-A8 Chase Manhattan Bank/Broker & Dealer 1 100 Clearance Department 4 New York Plaza 13th Floor New York, NY 10004
Series 1997-9 Class 2-A9 Chase Manhattan Bank/Broker & Dealer 1 55 Clearance Department 4 New York Plaza 21st Floor New York, NY 10004
Smith Barney Inc. 1 44 333 W. 34th Street New York, NY 10001
Series 1997-9 Class 2-A10 Chase Manhattan Bank/Broker & Dealer 1 100 Clearance Department 4 New York Plaza 21st Floor New York, NY 10004
Series 1997-9 Class 2-M Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-9 Class 2-B1 The Bank of New York 1 100 925 Patterson Plank Road Secaucus, NJ 07094
Series 1997-9 Class 2-B2 Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-9 Class R PaineWebber Incorporated 1 100 1000 Harbor Boulevard Weehawken, NJ 07087
Series 1997-9 Class RL PaineWebber Incorporated 1 100 1000 Harbor Boulevard Weehawken, NJ 07087
Series 1997-10 Class A1 Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-10 Class A2 Chase Manhattan Bank 1 100 4 New York Plaza 13th Floor New York, NY 10004
Series 1997-10 Class A3 The Bank of New York 1 66 925 Patterson Plank Road Secaucus, NJ 07094
Bankers Trust Company 1 34 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-10 Class A4 Boston Safe Deposit & Trust Co. 1 100 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
Series 1997-10 Class A5 The Bank of New York 1 10 925 Patterson Plank Road Secaucus, NJ 07094
Chase Manhattan Bank/Salomon 1 90 4 New York Plaza 21st Floor New York, NY 10004
Series 1997-10 Class A6 Investors Bank & Trust/M.F. Custody 1 100 200 Clarendon Street 15th Floor, Hancock Tower Boston, MA 02116
Series 1997-10 Class R Salomon Brothers, Inc. 1 100 8800 Hidden River Parkway Tampa, FL 33637
Series 1997-10 Class M Chase Manhattan Bank 1 100 4 New York Plaza 13th Floor New York, NY 10004
Series 1997-10 Class B1 Boston Safe Deposit & Trust Co. 1 100 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-10 Class B2 Chase Manhattan Bank 1 68 4 New York Plaza 13th Floor New York, NY 10004
SSB - Custodian 1 32 Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631
Series 1997-11 Class A1 Bankers Trust Company 1 57 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Chase Manhattan Bank 1 17 4 New York Plaza 13th Floor New York, NY 10004
Compass Bank 1 17 701 South 20th Street 11th Floor Birmingham, AL 35233
Series 1997-11 Class A2 Morgan Stanley & Co., Incorporated 1 100 One Pierrepont Plaza, 7th Floor Brooklyn, NY 11201
Series 1997-11 Class A3 The Bank of New York 1 5 925 Patterson Plank Road Secaucus, NJ 07094
Bankers Trust Company 1 5 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Morgan Stanley & Co., Incorporated 1 21 One Pierrepont Plaza, 7th Floor Brooklyn, NY 11201
Smith Barney Inc. 1 15 333 W. 34th Street New York, NY 10001
Dean Witter Reynolds, Inc. 1 53 5690 West Cypress Street Tampa, FL 33607
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-11 Class A4 Morgan Stanley & Co., Incorporated 1 100 One Pierrepont Plaza, 7th Floor Brooklyn, NY 11201
Series 1997-11 Class A5 Bankers Trust Company 1 50 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Morgan Stanley & Co., Incorporated 1 50 One Pierrepont Plaza, 7th Floor Brooklyn, NY 11201
Series 1997-11 Class M Chase Manhattan Bank 1 100 4 New York Plaza 13th Floor New York, NY 10004
Series 1997-11 Class B1 Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-11 Class B2 Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-11 Class R Morgan Stanley & Co. 1 100 One Pierrpont Plaza Brooklyn, NY 11201
Series 1997-12 Class A1 Bankers Trust Company 1 77 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Chase Manhattan Bank/Chemical 1 19 4 New York Plaza 13th Floor New York, NY 10004
Series 1997-12 Class A2 The Bank of New York 1 55 925 Patterson Plank Road Secaucus, NJ 07094
Nationsbanc Montgomery Securities LLC 1 45 200 North College Street Charlotte, NC 28255
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-12 Class A3 The Bank of New York 1 94 925 Patterson Plank Road Secaucus, NJ 07094
Chase Manhattan Bank/Chemical 1 6 4 New York Plaza 13th Floor New York, NY 10004
Series 1997-12 Class A4 Nationsbanc Montgomery Securities LLC 1 100 200 North College Street Charlotte, NC 28255
Series 1997-12 Class A5 Nationsbanc Montgomery Securities LLC 1 100 200 North College Street Charlotte, NC 28255
Series 1997-12 Class A6 Chase Manhattan Bank 1 47 4 New York Plaza 13th Floor New York, NY 10004
Nationsbanc Montgomery Securities LLC 1 53 200 North College Street Charlotte, NC 28255
Series 1997-12 Class M Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-12 Class B1 Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-12 Class B2 Bankers Trust Company 1 100 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Series 1997-12 Class R First Union 1 100 301 S. College Street 1 First Union Center, DC4 Charlotte, NC 28288-0601
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-13 Class A1 Boston Safe Deposit & Trust Co. 1 11 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
Compass Bank 1 18 701 South 20th Street - 11th Floor Birmingham, AL 35233
Credit Suisse First Boston 1 71 Corporation c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Series 1997-13 Class A2 Credit Suisse First Boston 1 100 Corporation c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Series 1997-13 Class A3 Bankers Trust Company 1 26 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Bank of America Personal Trust 1 10 Proxy Unit #38432 555 S. Flower Street, Level C Los Angeles, CA 90071
Northern Trust Company 1 23 801 S. Canal C-IN Chicago, IL 60607
SSB - Custodian 1 27 Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631
Series 1997-13 Class R Credit Suisse First Boston 1 100 Corporation 5 World Trade Center New York, NY 10048
Series 1997-13 Class M Credit Suisse First Boston 1 100 Corporation c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-13 Class B1 Credit Suisse First Boston 1 100 Corporation c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Series 1997-13 Class B2 Credit Suisse First Boston 1 100 Corporation c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Series 1997-HE1 Class A1 LBI-Lehman Government Securities Inc. 1 71 200 Vesy Street New York, NY 10285
Smith Barney Inc. 1 26 333 W. 34th Street New York, NY 10001
Series 1997-HE1 Class A2 Chase Manhattan Bank 1 28 4 New York Plaza 13th Floor New York, NY 10004
Marine/Treasury Investments 1 45 140 Broadway - Level A New York, NY 10015
Fifth Third Bank 1 27 38 Fountain Square Plaza Cincinnati, OH 45263
Series 1997-HE1 Class A3 Bankers Trust Company 1 83 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Chase Manhattan Bank 1 17 4 New York Plaza 13th Floor New York, NY 10004
Series 1997-HE1 Class A4 Bankers Trust Company 1 15 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Boston Safe Deposit & Trust Co. 1 71 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
PNC Bank, National Association 1 11 1835 Market Street 11 Penn Center, 15th Floor Philadelphia, PA 19103
Series 1997-HE1 Class A5 The Bank of New York 1 100 925 Patterson Plank Road Secaucus, NJ 07094
Series 1997-HE1 Class R1 PaineWebber Incorporated 1 100 1000 Harbor Boulevard Weehawken, NJ 07087
Series 1997-HE1 Class R2 PaineWebber Incorporated 1 100 1000 Harbor Boulevard Weehawken, NJ 07087
Series 1997-HE1 Class M Commerce Bank of Kansas City, N.A. 1 45 Investment Management Group 922 Walnut Street Kansas City, MO 64106
Salomon Brothers Inc. 1 9 8800 Hidden River Parkway Tampa, FL 33637
SSB - Custodian 1 46 Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631
Series 1997-HE1 Class B1 SSB - Custodian 1 100 Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631
Series 1997-HE1 Class B2 Boston Safe Deposit & Trust Co. 1 100 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-HE2 Class A1 Chase Manhattan Bank 1 48 4 New York Plaza 13th Floor New York, NY 10004
Chase Manhattan Bank/Chemical 1 50 4 New York Plaza 13th Floor New York, NY 10004
Series 1997-HE2 Class A2 The Bank of New York 1 12 925 Patterson Plank Road Secaucus, NJ 07094
The Bank of New York/Barclays 1 62 De Zoete Webb Securities One Wall Street, 4th Floor New York, NY 10286
Chase Manhattan Bank 1 26 4 New York Plaza 13th Floor New York, NY 10004
Series 1997-HE2 Class A3 Bankers Trust Company 1 22 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Chase Manhattan Bank/Chemical 1 18 4 New York Plaza 13th Floor New York, NY 10004
Merrill, Lynch, Pierce, Fenner & 1 7 Smith Safekeeping 4 Corporate Place Corporate Park 287 Piscataway, NJ 08855
Norwest Bank Minnesota, N.A. 1 11 733 Marquette Avenue Minneapolis, MN 55479
SSB - Custodian 1 8 Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
UMB Bank, N.A. 1 27 P.O. Box 419260 Kansas City, MO 44141-6260
Series 1997-HE2 Class A4 The Bank of New York 1 9 925 Patterson Plank Road Secaucus, NJ 07094
Bank of America Personal Trust 1 5 Proxy Unit #38432 555 S. Flower Street, Level C Los Angeles, CA 90071
Chase Manhattan Bank 1 5 4 New York Plaza 13th Floor New York, NY 10004
Citibank, N.A. 1 10 P.O. Box 30576 Tampa, FL 33630-3576
Comerica Bank 1 43 Cap. Chg./Proxy 7CBB/MC 3530 Detroit, MI 48275-3530
Series 1997-HE2 Class A5 Bankers Trust Company 1 50 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Chase Manhattan Bank 1 36 4 New York Plaza 13th Floor New York, NY 10004
Mercantile Bank of St. Louis, 1 7 N.A. - Bond P.O. Box 349 St. Louis, MO 63166
SSB - Custodian 1 7 Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631
Series 1997-HE2 Class A6 Citibank, N.A. 1 98 P.O. Box 30576 Tampa, FL 33630-3576
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-HE2 Class A7 Bankers Trust Company 1 20 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Firstar Trust Company 1 11 777 E. Wisconsin Avenue Milwaukee, WI 53202
Norwest Bank Minnesota, N.A. 1 47 733 Marquette Avenue Minneapolis, MN 55479
SSB - Custodian 1 22 Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631
Series 1997-HE2 Class R1 PaineWebber Incorporated 1 100 1000 Harbor Boulevard Weehawken, NJ 07087
Series 1997-HE2 Class R2 PaineWebber Incorporated 1 100 1000 Harbor Boulevard Weehawken, NJ 07087
Series 1997-HE2 Class M Firstar Trust Company 1 100 777 E. Wisconsin Avenue Milwaukee, WI 53202
Series 1997-HE2 Class B1 Citibank, N.A. 1 100 P.O. Box 30576 Tampa, FL 33630-3576
Series 1997-HE2 Class B2 Citibank, N.A. 1 100 P.O. Box 30576 Tampa, FL 33630-3576
Series 1997-HE3 Class A1 The Bank of New York 1 32 925 Patterson Plank Road Secaucus, NJ 07094
Investors Bank & Trust/M.F. Custody 1 13 200 Clarendon Street 15th Floor, Hancock Tower Boston, MA 02116
Northern Trust Company 1 6 801 S. Canal C-IN Chicago, IL 60607
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
SSB - Custodian 1 44 Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631
Series 1997-HE3 Class A2 Chase Manhattan Bank/Chemical 1 100 4 New York Plaza 13th Floor New York, NY 10004
Series 1997-HE3 Class A3 The Bank of New York 1 47 925 Patterson Plank Road Secaucus, NJ 07094
Bankers Trust Company 1 9 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Boston Safe Deposit & Trust Co. 1 5 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
Citibank, N.A. 1 13 P.O. Box 30576 Tampa, FL 33630-3576
SSB - Custodian 1 11 Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631
Union Bank of California, N.A. 1 10 Safekeeping Department 475 Sansome Street, 11th Floor San Francisco, CA 94145
Series 1997-HE3 Class A4 Chase Manhattan Bank/Chemical 1 87 4 New York Plaza 13th Floor New York, NY 10004
Series 1997-HE3 Class A5 Citibank, N.A. 1 100 P.O. Box 30576 Tampa, FL 33630-3576
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-HE3 Class A6 The Bank of New York 1 21 925 Patterson Plank Road Secaucus, NJ 07094
Chase Manhattan Bank/Chemical 1 38 4 New York Plaza 13th Floor New York, NY 10004
SSB - Custodian 1 38 Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631
Series 1997-HE3 Class R1 Ailesbury Finance LLC 1 100 250 Australian Avenue South, Suite 600 West Palm Beach, FL 33401
Series 1997-HE3 Class R2 Ailesbury Finance LLC 1 100 250 Australian Avenue South, Suite 600 West Palm Beach, FL 33401
Series 1997-HE3 Class M Citibank, N.A. 1 100 P.O. Box 30576 Tampa, FL 33630-3576
Series 1997-HE3 Class B1 Citibank, N.A. 1 100 P.O. Box 30576 Tampa, FL 33630-3576
Series 1997-HE3 Class B2 Citibank, N.A. 1 100 P.O. Box 30576 Tampa, FL 33630-3576
Series 1997-HE4 Class A1 Bankers Trust Company 1 12 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Boston Safe Deposit & Trust Co. 1 8 c/o Mellon Bank N.A. Three Mellon Bank Center Room 153-3015 Pittsburgh, PA 15259
Citibank, N.A. 1 5 P.O. Box 30576 Tampa, FL 33630-3576
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Northern Trust Company 1 59 801 S. Canal C-IN Chicago, IL 60607
SSB - Custodian 1 16 Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631
Series 1997-HE4 Class A2 PNC Bank, N.A./Pittsburgh 1 100 One PNC Plaza, 9th Floor 249 5th Avenue Pittsburgh, PA 15222-7707
Series 1997-HE4 Class A3 PNC Bank, N.A./Pittsburgh 1 100 One PNC Plaza, 9th Floor 249 5th Avenue Pittsburgh, PA 15222-7707
Series 1997-HE4 Class A4 PNC Bank, N.A./Pittsburgh 1 100 One PNC Plaza, 9th Floor 249 5th Avenue Pittsburgh, PA 15222-7707
Series 1997-HE4 Class A5 The Bank of New York 1 37 925 Patterson Plank Road Secaucus, NJ 07094
Bank of America Personal Trust 1 12 Proxy Unit #38432 555 S. Flower Street, Level C Los Angeles, CA 90071
Chase Manhattan Bank 1 22 4 New York Plaza 13th Floor New York, NY 10004
Citibank, N.A. 1 15 P.O. Box 30576 Tampa, FL 33630-3576
Series 1997-HE4 Class A6 Bank One Trust Company, N.A. 1 21 235 W. Schrock Road Brooksedge Village Westerville, OH 43081
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Prudential Securities Incorporated 1 79 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Series 1997-HE4 Class A7 Bankers Trust Company 1 27 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Morgan Stanley Trust Company 1 20 Investor Communications Services 51 Mercedes Way Edgewood, NY 11717
Northern Trust Company 1 26 801 S. Canal C-IN Chicago, IL 60607
SSB - Custodian 1 25 Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631
Series 1997-HE4 Class R1 Prudential Securities Incorporated 1 100 100 Gold Street New York, NY 10292
Series 1997-HE4 Class R2 Prudential Securities Incorporated 1 100 100 Gold Street New York, NY 10292
Series 1997-HE4 Class M Commerce Bank of Kansas City, N.A. 1 46 Investment Management Group 922 Walnut Street Kansas City, MO 64106
SSB - Custodian 1 54 Global Corp. Action Dept. JAB5W P.P. Box 1631 Boston, MA 02105-1631
Series 1997-HE4 Class B1 Prudential Securities Incorporated 1 100 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Number of Percent of Name and Address Certificates Certificates Series of Holder Held Held ------ --------- ---- ----
Series 1997-HE4 Class B2 Prudential Securities Incorporated 1 100 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
(b) Pursuant to the Exemptive Order, the Company is not required to provide this information.
(c) Pursuant to the Exemptive Order, the Company is not required to provide this information.
Item 13.
Item 13. Certain Relationships and Related Transactions - -------- ----------------------------------------------
Pursuant to the Exemptive Order, the Company is not required to provide this information.
PART IV
Item 14.
Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K - -------- ---------------------------------------------------------------
(a) 99.1 Servicer's Annual Statement as to Compliance for the Series 1997-1 Certificates dated March 25, 1998. 99.2 Servicer's Annual Statement as to Compliance for the Series 1997-2 Certificates dated March 25, 1998. 99.3 Servicer's Annual Statement as to Compliance for the Series 1997-3 Certificates dated March 25, 1998. 99.4 Servicer's Annual Statement as to Compliance for the Series 1997-4 Certificates dated March 25, 1998. 99.5 Servicer's Annual Statement as to Compliance for the Series 1997-5 Certificates dated March 25, 1998. 99.6 Servicer's Annual Statement as to Compliance for the Series 1997-6 Certificates dated March 25, 1998. 99.7 Servicer's Annual Statement as to Compliance for the Series 1997-7 Certificates dated March 25, 1998. 99.8 Servicer's Annual Statement as to Compliance for the Series 1997-8 Certificates dated March 25, 1998. 99.9 Servicer's Annual Statement as to Compliance for the Series 1997-9 Certificates dated March 25, 1998. 99.10Servicer's Annual Statement as to Compliance for the Series 1997-10 Certificates dated March 25, 1998. 99.11Servicer's Annual Statement as to Compliance for the Series 1997-HE1 Certificates dated March 25, 1998. 99.12Servicer's Annual Statement as to Compliance for the Series 1997-HE2 Certificates dated March 25, 1998. 99.13Servicer's Annual Statement as to Compliance for the Series 1997-HE3 Certificates dated March 25, 1998. 99.14Report dated February 17, 1998 prepared by the Servicer's independent certified public accountants, concerning the Servicer's activities for the period ended December 31, 1997 (relating to the portion of mortgage loans in Registrant's Servicing Portfolio, as defined in Item 8, other than home equity mortgage loans, for which Registrant is primary servicer).
99.15Report dated February 17, 1998 prepared by the Servicer's independent certified public accountants, concerning the Servicer's activities for the period ended December 31, 1997 (relating to the portion of mortgage loans in Registrant's Servicing Portfolio, as defined in Item 8, which are home equity mortgage loans, for which Registrant is primary servicer). 99.16Report dated February 17, 1998 prepared by the Servicer's independent certified public accountants, concerning the Servicer's activities for the period ended December 31, 1997 (relating to the portion of mortgage loans in RegistrantOs Servicing Portfolio, as defined in Item 8, for which Registrant is master servicer).
(b) Pursuant to the Exemptive Order, the Company is not required to provide this information.
(c) Pursuant to the Exemptive Order, the Company is not required to provide this information.
(d) Pursuant to the Exemptive Order, the Company is not required to provide this information.
Supplemental Information to be Furnished with Reports Filed Pursuant to Section 15(d) of the Act by Registrants Which Have Not Registered Securities Pursuant to Section 12 of the Act - --------------------------------------------------------------------------------
No annual report to security holders covering the Registrant's last fiscal year or proxy statement, form of proxy or other proxy solicitation material has been sent to holders of Certificates.
SIGNATURES
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, on the 27th day of March, 1998.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Walter P. Buczynski ------------------------------------------- Walter P. Buczynski Senior Vice President
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been executed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
Signature Title Date --------- ----- ----
/s/ Jenne K. Britell Director March 27, 1998 - ----------------------------- Jenne K. Britell
/s/ Thomas H. Mann Director (Principal March 27, 1998 - ----------------------------- Executive Officer) Thomas H. Mann
/s/ Glen Messina Director (Principal March 27, 1998 - ----------------------------- Financial and Accounting Glen Messina Officer)
/s/ Gerhard A. Miller Director March 27, 1998 - ----------------------------- Gerhard A. Miller
/s/ JoAnn B. Rabitz Director March 27, 1998 - ----------------------------- JoAnn B. Rabitz
/s/ Theodore F. Weiland Director March 27, 1998 - ----------------------------- Theodore F. Weiland
EXHIBIT INDEX
Exhibit No. Description Page No. - ----------- ----------- --------
99.1 Servicer's Annual Statement as to Compliance for the 59 Series 1997-1 Certificates dated March 25, 1998.
99.2 Servicer's Annual Statement as to Compliance for the 61 Series 1997-2 Certificates dated March 25, 1998.
99.3 Servicer's Annual Statement as to Compliance for the 63 Series 1997-3 Certificates dated March 25, 1998.
99.4 Servicer's Annual Statement as to Compliance for the 65 Series1997-4 Certificates dated March 25, 1998.
99.5 Servicer's Annual Statement as to Compliance for the 67 Series 1997-5 Certificates dated March 25, 1998.
99.6 Servicer's Annual Statement as to Compliance for the 69 Series 1997-6 Certificates dated March 25, 1998.
99.7 Servicer's Annual Statement as to Compliance for the 71 Series 1997-7 Certificates dated March 25, 1998.
99.8 Servicer's Annual Statement as to Compliance for the 73 Series 1997-8 Certificates dated March 25, 1998.
99.9 Servicer's Annual Statement as to Compliance for the 75 Series 1997-9 Certificates dated March 25, 1998.
99.10 Servicer's Annual Statement as to Compliance for the 77 Series 1997-10 Certificates dated March 25, 1998.
99.11 Servicer's Annual Statement as to Compliance for the 79 Series 1997-HE1 Certificates dated March 25, 1998.
99.12 Servicer's Annual Statement as to Compliance for the 81 Series1997-HE2 Certificates dated March 25, 1998.
99.13 Servicer's Annual Statement as to Compliance for the 83 Series 1997-HE3 Certificates dated March 25, 1998.
99.14 Report dated February 17, 1998 prepared by the Servicer's 85 independent certified public accountants, concerning the Servicer's activities for the period ended December 31, 1997 (relating to the portion of mortgage loans in Registrant's Servicing Portfolio, as defined in Item 8, other than home equity mortgage loans, for which Registrant is primary servicer).
99.15 Report dated February 17, 1998 prepared by the Servicer's 87 independent certified public accountants, concerning the Servicer's activities for the period ended December 31, 1997 (relating to the Registrant's Servicing Portfolio, as defined in Item 8, which are home equity mortgage loans, for which Registrant is primary servicer).
99.16 Report dated February 17, 1998 prepared by the Servicer's 89 independent certified public accountants, concerning the Servicer's activities for the period ended December 31, 1997 (relating to the portion of mortgage loans in Registrant's Servicing Portfolio, as defined in Item 8, for which Registrant is master servicer).