N-CSR

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number:			811-05291
College and University Facility Loan Trust One
(Exact name of registrant as specified in charter)
c/o U.S. Bank One Federal Street  Boston, MA					02110
(Address of principal executive offices)					(Zip code)
Diana J. Kenneally U.S. Bank Corporate Trust Services One Federal Street Boston, MA 02110
(Name and address of agent for service)
Registrant’s telephone number, including area code:				(617) 603-6406
Date of fiscal year end:	November 30
Date of reporting period:		December 1, 2004 – November 30, 2005

ITEM 1.  REPORT TO STOCKHOLDERS.

College and University

Facility Loan Trust One

Financial Statements

November 30, 2005

INDEPENDENT AUDITORS’ REPORT

To U.S. Bank, Owner Trustee

of College and University Facility Loan Trust One:

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of College and University Facility Loan Trust One (the Trust) as of November 30, 2005, the related statements of operations and cash flows for the year then ended, the statement of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the four years in the period then ended. These financial statements and financial highlights are the responsibility of the Trust’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.  The financial highlights of the Trust for the year ended November 30, 2001 were audited by other auditors who have ceased operations and whose report, dated January 4, 2002, expressed an unqualified opinion on those financial highlights.

We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. An audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.  An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of November 30, 2005, by correspondence with the custodian. We believe that our audits provide a reasonable basis for our opinion.

As described in Note 2 to the financial statements, the Trust is accounting for its investments under the amortized cost method of accounting, adjusted by an allowance for loan loss. In our opinion, accounting principles generally accepted in the United States of America require that the investments be accounted for under the fair value method of accounting. Accounting for the investments under the fair value method of accounting, based on management’s estimate of fair value as described in Note 8, would result in an increase of approximately $9,277,000 and $12,126,000 in the recorded value of the investments and an increase in unrealized appreciation of investments of approximately $9,277,000 and $12,126,000 as of November 30, 2005 and November 30, 2004, respectively.

In our opinion, except for the effect on the 2005 and 2004 financial statements of accounting for investments under the amortized cost method of accounting as discussed in the preceding paragraph, such financial statements and financial highlights present fairly, in all material respects, the financial position of the Trust as of November 30, 2005, the results of its operations and its cash flows for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the four years in the period then ended, in conformity with accounting principles generally accepted in the United States of America.

/s/ Deloitte & Touche LLP

Boston, Massachusetts

January 30, 2006

College and University

Facility Loan Trust One

Statement of Assets and Liabilities

November 30,	2005
Assets:
Investments, at amortized cost, net of allowance for loan losses of $660,000 (Notes 1, 2, 6, 7, 8 and 9, and Schedule of Investments)	$	36,841,307
Cash	65,953
Interest receivable	568,469
Deferred bond issuance costs (Note 2)	233,143
Total assets	37,708,872
Liabilities:
Bonds payable (Notes 3 and 8)	24,641,184
Interest payable (Note 3)	1,299,822
Accrued expenses and other liabilities	188,624
Distributions payable to Class B certificateholders (Note 5)	697,043
Total liabilities	26,826,673
Net Assets:
Class B certificates, par value $1 - authorized, issued and outstanding - 1,001,643 certificates (Note 5)	1,001,643
Distributions in excess of tax earnings (Notes 2 and 5)	(660,000		)
Additional paid-in capital (Note 2)	10,540,556
Total net assets	$	10,882,199
Net asset value per Class B certificate (based on 1,001,643 certificates outstanding)	$	10.86

The accompanying notes are an integral part of these financial statements.

3

College and University

Facility Loan Trust One

Statement of Operations

Year ended November 30,	2005
Investment income:
Interest income (Notes 2 and 9)	$	5,413,701
Expenses:
Interest expense (Notes 2 and 3)	2,746,479
Servicer fees (Note 4)	23,769
Trustee fees (Note 4)	42,986
Other trust and bond administration expenses (Note 9)	459,412
Total expenses	3,272,646
Net investment income	2,141,055
Reduction in reserve for loan losses (Note 6)	200,000
Net increase in net assets resulting from operations	$	2,341,055

The accompanying notes are an integral part of these financial statements.

4

College and University

Facility Loan Trust One

Statement of Cash Flows

Year ended November 30,	2005
Cash flows from operating activities:
Interest received	$	1,989,012
Interest paid	(2,908,460		)
Operating expenses paid	(554,840		)
Net cash used in operating activities	(1,474,288		)
Cash flows from investing activities:
Net decrease in funds held under investment agreements	1,112,186
Principal payments on Loans	7,160,949
Net cash provided by investing activities	8,273,135
Cash flows from financing activities:
Principal repayments on Bonds	(4,091,346		)
Distributions to Class B certificateholders	(2,554,649		)
Advanced funds repaid to Servicer	(95,442		)
Net cash used in financing activities	(6,741,437		)
Net increase in cash	57,410
Cash, beginning of year	8,543
Cash, end of year	$	65,953
Reconciliation of net increase in net assets resulting from operations to net cash used in operating activities:
Net increase in net assets resulting from operations	$	2,341,055
Provision for loan losses	(200,000		)
Decrease in interest receivable	75,191
Decrease in accrued expenses and other liabilities	(28,673		)
Decrease in Bond interest payable	(215,819		)
Amortization of deferred Bond issuance costs	53,838
Amortization of purchase discount on Loans	(3,499,880		)
Net cash used in operating activities	$	(1,474,288	)

The accompanying notes are an integral part of these financial statements.

5

College and University

Facility Loan Trust One

Statement of Changes in Net Assets

(Note 2(f))

Years ended November 30,	2005			2004
From operations:
Net investment income	$	2,141,055		$	2,084,808
Reduction in reserve for loan losses	200,000			100,000
Net increase in net assets applicable to Class B certificateholders resulting from operations	2,341,055			2,184,808
Capital certificate transactions:
Distributions to Class B certificateholders (Note 5)	(2,361,227		)	(2,184,832		)
Net decrease in net assets	(20,172		)	(24		)
Net assets:
Beginning of year	10,902,371			10,902,395
End of year	$	10,882,199		$	10,902,371

The accompanying notes are an integral part of these financial statements.

6

College and University

Facility Loan Trust One

Financial Highlights

(Notes 1 and 5)

Years ended November 30,	2005			2004			2003			2002			2001
Net asset value, beginning of year	$	10.88		$	10.88		$	10.86		$	11.11		$	11.36
Net investment income	2.14			2.08			1.29			.78			.96
Provision for loan losses	.20			.10			—			—			.16
Distributions to Class B certificateholders	(2.36		)	(2.18		)	(1.27		)	(1.03		)	(1.37		)
Net asset value, end of year	10.86			$	10.88		$	10.88		$	10.86		$	11.11
Total investment return (a)	N/A			N/A			N/A			N/A			N/A
Net assets applicable to Class B certificates, end of year	$	10,882,199		$	10,902,371		$	10,902,395		$	10,878,852		$	11,132,814
Ratios and Supplemental Data:
Ratio of operating expenses to average net assets applicable to Class B certificates	30.05		%(b)	33.79		%(b)	37.84		%(b)	41.40		%(b)	45.48		%(b)
Ratio of net investment income to average net assets applicable to Class B certificates	19.66		%	19.12		%	11.93		%	7.11		%	8.57		%
Number of Class B certificates outstanding, end of year	1,001,643			1,001,643			1,001,643			1,001,643			1,001,643

(a)The Trust’s investments are recorded at amortized cost as discussed in Note 2.  Accordingly, the financial statements do not reflect the market value of such investments.  For this reason, management believes that no meaningful information can be provided regarding “Total Investment Return” and has not included information under that heading.  In addition, as the Trust’s investments are not traded, management believes that no meaningful information can be provided regarding portfolio turnover.

(b)Excluding interest expense, the ratio of operating expenses to average net assets applicable to Class B certificates was 4.83%. 4.51%, 4.22%, 3.64% and 3.63% in 2005, 2004, 2003, 2002 and 2001, respectively.

The accompanying notes are an integral part of these financial statements.

7

College and University

Facility Loan Trust One

Notes to Financial Statements

1.Organization
and Business College and University Facility Loan Trust One (the Trust) was formed on September 17, 1987 as a business trust under the laws of the Commonwealth of Massachusetts by a declaration of trust by the Bank of Boston (the Owner Trustee), succeeded by State Street Bank and Trust Company, succeeded by US Bank (successor Owner Trustee), not in its individual capacity but solely as Owner Trustee. The Trust is registered under the Investment Company Act of 1940 (as amended) as a diversified, closed-end, management investment company. The Trust was formed for the sole purpose of raising funds through the issuance and sale of bonds (the Bonds). The Trust commenced operations on September 29, 1987 (the Closing Date) and issued Bonds in five tranches in the aggregate principal amount of $126,995,000. The Bonds constitute full recourse obligations of the Trust. The collateral securing the Bonds consists primarily of a pool of college and university facility loans (the Loans) to various postsecondary educational institutions and funds held under the indenture (the Indenture) and the investment agreements. The Loans were originated by, or previously assigned to, the United States Department of Education (ED) under the College Housing Loan Program or the Academic Facilities Loan Program. The Loans, which have been assigned to J.P. Morgan Trust Company, National Association, as successor in interest to Bank One Trust Company, NA, formerly The First National Bank of Chicago (the Bond Trustee), are secured by various types of collateral, including mortgages on real estate, general recourse obligations of the borrowers, pledges of securities and pledges of revenues. As of the Closing Date, the Loans had a weighted average stated interest rate of approximately 3.16% and a weighted average remaining term to maturity of approximately 19.4 years. Payments on the Loans are managed by the Bond Trustee in various fund accounts and are invested under investment agreements (see Note 2) as specified in the Indenture.

8

All payments on the Loans and earnings under the investment agreements and any required transfers from the Expense, Reserve and Liquidity Funds are deposited to the credit of the Revenue Fund held by the Bond Trustee, as defined within, and in accordance with the Indenture. On each bond payment date, amounts on deposit in the Revenue Fund are applied in the following order of priority: to pay amounts due on the Bonds, to pay administrative expenses not previously paid from the Expense Fund, to fund the Expense Fund to the Expense Fund Requirement, to fund the Reserve Fund to the Maximum Reserve Requirement and to fund the Liquidity Fund to the Liquidity Fund Requirement. Any funds remaining in the Revenue Fund on such payment date are paid to the Class B certificateholders, as discussed in Note 5. On the Closing Date, certificates were issued by the Trust to ED as partial payments for the Loans. In December 1989, ED sold, through a private placement, all of its ownership interest in the Trust.

2.Summary of Significant Accounting Policies

(a)College and University Facility Loans The Loans were purchased and recorded at a discount below par. Pursuant to a “no-action letter” that the Trust received from the Securities and Exchange Commission, the Loans, included in investments in the accompanying statement of assets and liabilities, are being accounted for under the amortized cost method of accounting. Under this method, the difference between the cost of each Loan to the Trust and the scheduled principal and interest payments is amortized, assuming no prepayments of principal, and included in the Trust’s income by applying the Loan’s effective interest rate to the amortized cost of that Loan. When a Loan prepays, the remaining discount is recognized as interest income. The remaining balance of the purchase discount on the Loans as of November 30, 2005 was approximately $11,577,000. As a result of prepayments of Loans in the year ended November 30, 2005, additional interest income of approximately $871,000 was recognized.

9

The Trust’s policy is to discontinue the accrual of interest on Loans for which payment of principal or interest is 180 days or more past due or for other such Loans if management believes the collection of interest and principal is doubtful. When a Loan is placed on nonaccrual status, all previously accrued, but uncollected interest is reversed against the current period’s interest income. Subsequently, interest income is generally recognized when received. Payments are generally applied to interest first, with the balance, if any, applied to principal. At November 30, 2005, no loans have been placed on non-accrual status; however, as discussed in Notes 6 and 9, one loan was removed from non-accrual status. Previously, interest payments received on this loan were recorded as a reduction of the investment’s amortized cost basis given the unlikelihood of collection. Currently, the Trust recognizes interest income on this loan.

Accounting principles generally accepted in the United States of America (GAAP), requires that the Loans be accounted for under the fair value method of accounting. However, management believes that the amortized cost method of accounting best serves the informational needs of the users of the Trust’s financial statements.

(b)Other Investments

Other investments, which are included in investments in the accompanying statement of assets and liabilities, consist of two unsecured investment agreements issued by the Federal National Mortgage Association bearing fixed rates of interest of 5% and 8%. These investments are carried at amortized cost. These investment agreements terminate on the earlier of December 1, 2014 or the date on which the Bonds are paid-in-full.

GAAP requires that the investments be accounted for under the fair value method of accounting. However, management believes that the amortized cost method of accounting best serves the informational needs of the users of the Trust’s financial statements.

10

(c)Federal Income Taxes

It is the Trust’s policy to comply with the requirements applicable to a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended, and to distribute substantially all of its investment company taxable income to its certificateholders each year. Accordingly, no federal or state income tax provision is required.

For tax purposes, the Loans were transferred to the Trust at their face values. Accordingly, the accretion of the purchase discount creates a permanent book-tax difference.

(d)Deferred Bond Issuance Costs

Deferred bond issuance costs are being amortized using the effective interest-rate method, assuming that all mandatory semiannual payments will be made on the term bonds as discussed in Note 3.

(e)Accounting for Impairment of a Loan and Allowance for Loan Losses

The allowance for loan losses is based on the Trust’s evaluation of the level of the allowance required to reflect the risks in the loan portfolio, based on circumstances and conditions known or anticipated at each reporting date.

The methodology for assessing the appropriateness of the allowance consists of a review of the following three key elements:

(1)a valuation allowance for loans identified as impaired,

(2)a formula-based general allowance for the various loan portfolio classifications, and

(3)an unallocated allowance.

A loan is impaired when, based on current information and events, it is probable that the Trust will be unable to collect all amounts due in accordance with the contractual terms of the loan agreement. Loans identified as impaired are further evaluated to determine the estimated extent of impairment.

11

The formula-based general allowance is derived primarily from a risk-rating model that grades loans based on general characteristics of credit quality and relative risk. As credit quality for individual loans deteriorates, the risk rating and the allowance allocation percentage increases. The sum of these allocations comprise the Trust’s formula-based general allowance.

In addition to the valuation and formula-based general allowance, there is an unallocated allowance. This element recognizes the estimation risks associated with the valuation and formula-based models. It is further adjusted for qualitative factors including, among others, general economic and business conditions, credit quality trends, and specific industry conditions.

There are inherent uncertainties with respect to the final outcome of loans and as such, actual losses may differ from the amounts reflected in the financial statements.

(f)Presentation of Capital Distributions

Capital distributions are accounted for in accordance with the American Institute of Certified Public Accountants Statement of Position (SOP) 93-2, “Determination, Disclosure and Financial Statement Presentation of Income, Capital Gain and Return of Capital Distributions by Investment Companies.” SOP 93-2 requires the Trust to report distributions that are in excess of tax-basis earnings and profits as a tax return of capital and to present the capital accounts on a basis that approximates the amounts that are available for future distributions on a tax basis.

12

In accordance with SOP 93-2, the Trust reclassifies certain amounts from distributions in excess of tax earnings to paid-in-capital. The total reclassification was $220,172 as of November 30, 2005. This reclassification has no impact on the net investment income or net assets of the Trust.
The reclassifications are a result of permanent differences between GAAP and tax accounting for such items as net operating losses and the accretion of purchase discount on the Loans. Additionally, the amount deducted for the allowance for loan losses is not currently deductible for tax purposes and creates a temporary deficit reflected as distributions in excess of tax earnings in the accompanying statement of assets and liabilities.
On December 1, 2004 and June 1, 2005, distributions of $0.89 and $1.66 per certificate were declared and paid to certificateholders of record on November 20, 2004 and May 20, 2005, respectively.
The tax character of distributions paid during the year ended November 30, 2005 were as follows:
Distributions paid from:
Ordinary income	$	—
Long-term capital gain	—
Return of capital	2,554,649
Total distributions	$	2,554,649

13

As of November 30, 2005, the components of distributable earnings on a tax basis were as follows:
Undistributed ordinary loss	$	(660,000	)
Undistributed long-term gain	—
Unrealized appreciation	—
	$	(660,000	)
The undistributed ordinary loss consists of allowance for loan losses of $660,000 which will reverse in future years causing a reduction in taxable ordinary income.
(g)Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities at the date of the financial statements and for the period then ended. On an on-going basis, the Trust evaluates the estimates used, including those related to the allowance for loan losses. The Trust bases its estimates on historical experience, current conditions and various other assumptions that the Trust believes to be reasonable under the circumstances. These estimates form the basis for making judgments about the carrying values of assets and liabilities and are not readily apparent from other sources. These estimates are used to assist the Trust in the identification and assessment of the accounting treatment necessary with respect to commitments and contingencies. Actual results may differ from these estimates under different assumptions or conditions.

14

	The allowance for loan losses is a critical accounting policy that requires estimates and assumptions to be made in the preparation of the Trust’s financial statements. The allowance for loan losses is based on the Trust’s evaluation of the level of the allowance required in relation to the estimated loss exposure in the loan portfolio. The allowance for loan losses is a significant estimate and is therefore regularly evaluated for adequacy by taking into consideration factors such as prior loan loss experience, the character and size of the loan portfolio, business and economic conditions and the Trust’s estimation of future losses. The use of different estimates or assumptions could produce different provisions for loan losses. See Note 2(e) for a detailed description of the Trust’s estimation process and methodology related to the allowance for loan losses.
3.Bonds	The Bonds outstanding at November 30, 2005 consist of the following:
	Type	Interest Rate		Stated Maturity	Principal Amount
					(000’s)
	Term	10.55	%	December 1, 2014	$	24,641
	The Bonds are being redeemed, in part, on a pro rata basis by application of mandatory semiannual payments. The redemption price is equal to 100% of the principal amount to be redeemed plus interest accrued to the redemption date. Interest on the Bonds is payable semiannually.
	On December 1, 2005, the Trust made the mandatory redemption of $2,059,503 on the Bonds.

15

The aggregate scheduled maturities of the Bonds, including the scheduled mandatory redemptions at November 30, 2005, are as follows:
Fiscal Year	Amount
	(000’s)
2006	$	3,457
2007	3,217
2008	2,785
2009	2,794
2010	2,698
Thereafter	9,690
Total	$	24,641
The Bonds are not subject to optional redemption by either the Trust or the bondholders.
In the event the Trust realizes negative cash flows, various reserve funds have been established and maintained such that, on or before such bond payment date, such funds may be used by the Bond Trustee to make any required payments on the Bonds and to pay operating expenses of the Trust.
As required by the Indenture, the scheduled future cash flows for Loans in Default are excluded from the calculation of the Reserve Fund requirement. There are currently no loans in default. The cash flows from the December 1, 2005 Bond Payment Date were sufficient to satisfy the maximum reserve fund requirement of $7,941,550, as required by the Indenture.

16

4.Administrative Agreements	(a)Servicer As compensation for the services provided under the servicing agreement, GMAC Commercial Mortgage receives a servicing fee. This fee is earned on each date of payment for each Loan and is equal to 0.055 of 1% of the outstanding principal balance of such Loan divided by the number of payments of principal and interest in a calendar year. For the year ended November 30, 2005, this fee totaled $21,804. GMAC Commercial Mortgage is reimbursed by the Trust for out-of-pocket expenses incurred in connection with the inspection of buildings and property used as collateral for the loans. For the year ended November 30, 2005, out-of-pocket expenses totaled $1,965.
	(b)Trustees
	As compensation for services provided, the Owner and Bond Trustees are entitled under the Declaration of Trust and the Indenture to receive the following fees:
	•The Owner Trustee, in its capacities as manager of the Trust and as Owner Trustee, earned fees of $16,456 and $14,810, respectively, for the year ended November 30, 2005. The Owner Trustee was reimbursed $1,723 for out-of-pocket expenses.
	•The Bond Trustee is entitled to an annual fee equal to 0.025 of 1% of the aggregate outstanding principal of the Bonds on the bond payment date immediately preceding the date of payment of such fee. The Bond Trustee is also reimbursed for out-of-pocket expenses in an amount not to exceed 4% of the applicable annual fee. In addition, the Bond Trustee is reimbursed for other agreed-upon related expenses. For the year ended November 30, 2005, total Bond Trustee fees and out-of-pocket expenses amounted to $9,997.

17

5.Certificates	Holders of each of the Class B certificates receive amounts paid to the Owner Trustee pursuant to the Declaration of Trust on a pro rata basis. On December 2, 2005, a distribution of $697,043 was made to the Class B certificateholders. This payment is reflected as a liability in the accompanying statement of assets and liabilities.
	While the Bonds are outstanding, distributions to the Class B certificateholders are made on the second business day in each June and December (the Distribution Date) and, after the Bonds are paid in full, on the first business day of each month. The certificateholders shall each be entitled to one vote per certificate.
6.Allowance for Loan Losses	An analysis of the allowance for loan losses for the year ended November 30, 2005 is summarized as follows:
	Balance, beginning of year	$	860,000
	Reduction in reserve for loan losses	200,000
	Charge-offs	—
	Balance, end of year	$	660,000
	At November 30, 2005, there were no recorded investments in loans that are considered to be impaired.
	Previously, the Trust had deemed one loan to be in default, as defined in the Trust’s indenture. This loan was also considered to be impaired, as based on information available at the time, it seemed probable that the Trust would not collect all amounts due in accordance with the contractual terms of the loan.
	Recently, the Trust agreed to a loan modification, more fully discussed in Note 9, which cured the default. As a result of the loan modification and the related payment information currently available, the Trust no longer considers this loan to be impaired; however the loan continues to be included in the Trust’s general allowance for loan losses. See note 2(e) for a discussion of the Trust’s impaired loan and loan loss accounting policies.

18

7.Loans	Scheduled principal and interest payments on the Loans as of November 30, 2005, excluding payments for Loans in Default, as defined in the Indenture, are as follows:
		Principal		Interest
	Fiscal year	Payments		Payments		Total
		(000’s)		(000’s)		(000’s)
	2006	$	3,722	$	1,014	$	4,736
	2007	3,324		908		4,232
	2008	3,223		806		4,029
	2009	3,252		706		3,958
	2010	2,977		607		3,584
	Thereafter	17,447		2,100		19,547
	Total	$	33,945	$	6,141	$	40,086
	Expected payments may differ from contractual payments because borrowers may prepay or default on their obligations. Accordingly, actual principal and interest payments on the Loans may vary significantly from the scheduled payments.
	The following analysis summarizes the stratification of the Loan portfolio by type of collateral and institution as of November 30, 2005.
		Number		Amortized
	Type of Collateral	of Loans		Cost		%
				(000’s)
	Loans secured by a first mortgage	50		$	13,228	59.1		%
	Loans not secured by a first mortgage	27		9,140		40.9
	Total Loans	77		$	22,368	100.0		%

19

	Number	Amortized
Type of Institution	of Loans	Cost		%
		(000’s)
Private	51	$	12,447	55.6	%
Public	26	9,921		44.4
Total Loans	77	$	22,368	100.0	%
The ability of a borrower to meet future debt service payments on a Loan will depend on a number of factors relevant to the financial condition of such borrower, including, among others, the size and diversity of the borrower’s sources of revenues; enrollment trends; reputation; management expertise; the availability and restrictions on the use of endowments and other funds; the quality and maintenance costs of the borrower’s facilities and, in the case of some Loans to public institutions which are obligations of a state, the financial condition of the relevant state or other governmental entity and its policies with respect to education. The ability of a borrower to maintain enrollment levels will depend on such factors as tuition costs, geographical location, geographic diversity, quality of the student body, quality of the faculty and diversity of program offerings.
The collateral for Loans that are secured by a mortgage on real estate generally consists of special purpose facilities, such as dormitories, dining halls and gymnasiums, which are integral components of the overall educational setting. As a result, in the event of borrower default on a Loan, the Trust’s ability to realize the outstanding balance of the Loan through the sale of the underlying collateral may be negatively impacted by the special purpose nature and location of such collateral.

20

8.Fair Value of Financial Instruments

Statement of Financial Accounting Standards No. 107, “Disclosures about Fair Value of Financial Instruments,” allows for the use of a wide range of valuation techniques; therefore, it may be difficult to compare the Trust’s fair value information to public market information or to other fair value information. Accordingly, the fair value information presented below does not purport to represent, and should not be construed to represent, the underlying market value of the Trust’s net assets or the amounts that would result from the sale or settlement of the related financial instruments. Further, as the assumptions inherent in fair value estimates change, the fair value estimates will change.

Current market prices are not available for most of the Trust’s financial instruments since an active market generally does not exist for such instruments. In accordance with the terms of the Indenture, the Trust is required to hold all of the Loans to maturity and to use the cash flows therefrom to retire the Bonds. Accordingly, the Trust has estimated the fair values of its financial instruments using a discounted cash flow methodology. This methodology is similar to the approach used at the formation of the Trust to determine the carrying amounts of these instruments for financial reporting purposes. In applying the methodology, the calculations have been adjusted for the change in the relevant market rates of interest, the estimated duration of the instruments and an internally developed credit risk rating of the instruments. All calculations are based on the scheduled principal and interest payments on the Loans because the prepayment rate on these Loans is not subject to estimate.

21

The estimated fair value of each category of the Trust’s financial instruments and the related book value presented in the accompanying statement of assets and liabilities as of November 30, 2005 are as follows:
	Amortized
	Cost			Fair Value
	(000’s)			(000’s)
Loans	$	21,708	*	$	29,319
Investment Agreements:
Revenue Fund	12,533			13,298
Liquidity Fund	2,600			3,501
	$	36,841		$	46,118
Bonds	$	24,641		$	30,224

*Net of allowance for loan losses of $660,000.

9.Loan Modification Agreement

Previously, the Trust entered into a loan restructuring agreement with a single post secondary educational institution (the “School”), the terms of which require interest only payments and suspension of the principal and reserve payment obligations under the School’s original loan agreement. The restructuring agreement, dated December 27, 1994, granted the School temporary relief from debt service requirements for a five-year period. Subsequently, the School petitioned for and was granted a three-year extension to the restructuring agreement, which expired in February 2002.

22

As a result of past due principal payments, the Trust deemed the School’s loan to be in default and placed the loan on non-accrual status, as discussed in Note 2 (a). Furthermore, the Trust considered the loan to be impaired, as discussed in Note 2 (e), and a percentage of the recorded investment of the loan was included in the Trust’s general allowance for loan loss, as discussed in Note 6. During the period of the restructuring agreement, the Trust did not recognize income on interest received from this loan.

Recently, the Trust entered into a loan modification/extension agreement with the School. As a result of the modification, the future principal and interest payments on this loan have been rescheduled. The loan has been removed from non-accrual status and interest income will be recognized on the loan over its remaining life. For the year ended November 30, 2005, the Trust recognized approximately $948,000 of interest income related to this loan. The Trust also incurred legal fees of approximately $78,000 in connection with the loan restructuring. These fees are reported as a component of “Other trust and bond administration expenses” in the Statement of Operations.

23

COLLEGE AND UNIVERSITY FACILITY LOAN TRUST ONE

SCHEDULE OF INVESTMENTS

November 30, 2005

(Dollar Amounts in Thousands)

Outstanding			Stated		Internal	Amortized
Principal			Interest	Maturity	Rate of	Cost (Notes
Balance		Description	Rate %	Date	Return % (A)	1 and 2)
					(Unaudited)
		COLLEGE AND UNIVERSITY LOANS (58.9%)
		ALABAMA
$	8	Birmingham-Southern College	3.00	10/01/2006	12.48	$	7
200		Birmingham-Southern College	3.00	10/01/2010	12.47	155
6		Stillman College	3.00	02/01/2007	13.24	5
1,416		University of Alabama	3.00	05/01/2021	12.27	795
199		University of Montevallo	3.00	05/01/2023	12.30	105
		CALIFORNIA
563		Azusa Pacific University	3.00	04/01/2017	12.96	342
1,170		California State University	3.00	11/01/2012	10.57	890
20		Foothill College	3.00	10/01/2006	11.76	18
215		Monterey Peninsula College	3.00	10/01/2018	11.95	129
305		San Diego State University	3.00	11/01/2021	11.93	167
640		San Francisco State University	3.00	11/01/2021	11.93	352
		FLORIDA
45		Florida Atlantic University	3.00	07/01/2006	11.85	41
8		Florida Institute of Technology	3.00	02/01/2006	13.17	8
		HAWAII
135		University of Hawaii at Manoa	3.00	10/01/2006	11.76	124
		ILLINOIS
350		Concordia College	3.00	05/01/2011	12.64	269
		INDIANA
125		Anderson College	3.00	03/01/2010	13.02	99
285		Taylor University	3.00	10/01/2010	12.45	220
1,270		University of Notre Dame	3.00	04/01/2018	12.95	747
		IOWA
645		Drake University	3.00	10/01/2012	12.71	467
		KANSAS
170		Emporia State University	3.00	04/01/2009	12.33	144
21		Kansas Newman College	3.00	04/01/2006	13.10	20
		LOUISIANA
395		Xavier University	3.00	10/01/2017	12.54	233
		MARYLAND
910		Western Maryland College	3.00	11/01/2016	12.44	565
		MASSACHUSETTS
166		Atlantic Union College	3.00	05/01/2023	12.68	84
707		Boston University	3.00	12/31/2022	11.87	378
51		Hampshire College	3.00	11/01/2006	12.43	49
84		Springfield College	3.00	05/01/2011	12.59	64
		MICHIGAN
880		Albion College	3.00	10/01/2015	12.51	563
245		Alma College	3.00	04/01/2010	11.87	199
2,315		Finlandia University	3.00	08/01/2014	12.70	1,238

The accompanying notes are an integral part of this schedule.

24

Outstanding			Stated		Internal	Amortized
Principal			Interest	Maturity	Rate of	Cost (Notes
Balance		Description	Rate %	Date	Return % (A)	1 and 2)
					(Unaudited)
		MINNESOTA
$	950	Augsburg College	3.00	04/01/2016	12.95	$	598
415		College of St. Thomas	3.00	04/01/2017	12.95	253
		MISSISSIPPI
100		Jackson State University	3.00	01/01/2007	12.50	90
30		Mississippi Valley State	3.00	07/01/2008	11.89	25
98		Tougaloo College	3.00	06/01/2021	12.44	52
		MISSOURI
223		Missouri Southern State College	3.00	12/01/2008	10.56	191
100		Missouri Western State College	3.00	10/01/2008	11.77	85
		NEBRASKA
83		University of Nebraska	3.00	07/01/2013	10.59	62
		NEW HAMPSHIRE
245		Daniel Webster College	3.00	04/01/2019	12.99	139
232		New England College	3.625	10/01/2013	12.37	166
750		New England College	3.00	04/01/2019	12.96	428
423		Rivier College	3.625	04/01/2014	12.78	298
		NEW JERSEY
87		Fairleigh Dickinson University	3.00	11/01/2020	12.09	49
		NEW YORK
92		Alfred University	3.00	11/01/2007	12.41	80
424		Long Island University	3.00	06/01/2016	12.34	265
869		Sarah Lawrence College	3.00	11/01/2021	12.64	474
		NORTH CAROLINA
80		Montreat-Anderson College	3.00	12/01/2019	12.19	45
140		North Carolina State University	3.00	09/01/2006	8.02	132
1,010		University of North Carolina	3.00	01/01/2018	11.49	637
		OHIO
1,335		Case Western Reserve University	3.00	04/01/2016	10.54	930
520		Kent State University	3.00	12/01/2008	10.55	447
81		Riverside Hospital	3.00	04/01/2007	13.09	77
166		University of Steubenville	3.375	04/01/2012	12.88	123
234		University of Steubenville	3.00	04/01/2017	12.96	142
		PENNSYLVANIA
427		Carnegie - Mellon University	3.00	11/01/2017	10.45	288
460		Harcum Junior College	3.00	11/01/2015	12.44	296
20		Susquehanna University	3.00	11/01/2006	12.44	18
260		Susquehanna University	3.625	11/01/2014	12.32	179
86		Swarthmore College	3.00	11/01/2013	12.30	60
298		Temple University	3.375	11/01/2014	11.99	210

The accompanying notes are an integral part of this schedule.

25

Outstanding			Stated		Internal	Amortized
Principal			Interest	Maturity	Rate of	Cost (Notes
Balance		Description	Rate %	Date	Return % (A)	1 and 2)
					(Unaudited)
		RHODE ISLAND
$	276	Community College of Rhode Island	3.00	04/01/2018	12.10	$	170
		SOUTH CAROLINA
12		Benedict College	3.00	11/01/2006	12.42	11
660		College of Charleston	3.00	07/01/2016	12.02	418
563		Morris College	3.00	11/01/2013	12.42	388
		TENNESSEE
86		Bryan College	3.00	02/01/2010	12.68	68
299		Vanderbilt University	3.00	06/30/2009	10.39	253
		TEXAS
413		Jarvis Christian College	3.00	04/01/2019	12.96	237
100		Laredo Junior College	3.00	08/01/2009	11.82	81
123		St. Edward’s University	3.625	04/01/2013	12.80	89
70		Texas College	3.00	04/01/2007	13.09	63
428		Texas Tech University	3.625	03/01/2013	10.80	329
2,795		Texas Tech University	3.375-3.50	03/01/2012	10.83	2,208
		VERMONT
890		Middlebury College	3.00	04/01/2018	12.87	555
55		St. Michael’s College	3.00	04/01/2008	13.06	49
2,093		University of Vermont	3.00	10/01/2019	12.19	1,219
		VIRGINIA
1,255		Old Dominion University	3.00	06/01/2013	11.70	879
		WASHINGTON
40		Western Washington University	3.00	10/01/2007	11.16	35
33,945		Total College and University Loans				22,368
		Allowance for Loan Losses				660
		Net Loans of the Trust				21,708		(B)
		INVESTMENT AGREEMENTS (41.1%)
2,600		FNMA #787 Liquidity Fund	8.00	12/01/2014	8.00	2,600
12,533		FNMA #786 Revenue Fund	5.00	12/01/2014	5.00	12,533
15,133		Total Investment Agreements				15,133
$	49,078	Total Investments (100.0%)				$	36,841

(A) Represents the rate of return based on the contributed cost and the amortization to maturity.

(B) The tax basis in the Loans is approximately $22,368,000.

The accompanying notes are an integral part of this schedule.

26

ITEM 2.  CODE OF ETHICS

Not applicable to the registrant.

ITEM 3.  AUDIT COMMITTEE FINANCIAL EXPERT

Not applicable to the registrant.

ITEM 4.  PRINCIPAL ACCOUNTANT FEES AND SERVICES

 (a) Audit Fees billed to the registrant for the two most recent fiscal years:

Fiscal year ended 2005 - $179,000

Fiscal year ended 2004 - $179,000

 (b) Audit-Related Fees billed to the registrant for the two most recent fiscal years:

Fiscal year ended 2005 - $0

Fiscal year ended 2004 - $0

 (c) Tax Fees billed to the registrant for the two most recent fiscal years:

Fiscal year ended 2005 - $0

Fiscal year ended 2004 - $0

 (d) All Other Fees billed to the registrant for the two most recent fiscal years:

Fiscal year ended 2005 - $90,000

•$70,000 in connection with Accountants’ Reports on Applying Agreed-Upon Procedures to comply with the requirements of section 4.8 of the Trust’s Indenture.

•$15,000 in connection with Accountants’ Report on Applying Agreed-Upon Procedures relating to the Trust’s Servicing Agreement.

•$5,000 out-of-pocket expenses

Fiscal year ended 2004 - $89,700

•$70,000 in connection with Accountants’ Reports on Applying Agreed-Upon Procedures to comply with the requirements of section 4.8 of the Trust’s Indenture.

•$15,000 in connection with Accountants’ Report on Applying Agreed-Upon Procedures relating to the Trust’s Servicing Agreement.

•$4,700 out-of-pocket expenses

(e)

(1) Audit Committee Policies regarding Pre-approval of Services.

Not applicable to the registrant.

(2) Percentage of services identified in items 4(b) through 4(d) that were approved by the registrants audit committee pursuant to paragraph  (c)(7)(i)(C) of Rule 2-01 of Regulation S-X:

Not applicable to the registrant.

(f) Not applicable to the registrant.

(g) Not applicable to the registrant.

(h) Not applicable to the registrant.

ITEM 5.  AUDIT COMMITTEE OF LISTED REGISTRANTS

Not applicable to the registrant.

ITEM 6.  SCHEDULE OF INVESTMENTS

Schedule is included as part of the report to shareholders filed under Item 1.

ITEM 7.  DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES

Not applicable to the registrant.

ITEM 8.  PORTFOLIO MANAGER OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES

Not applicable to the registrant.

ITEM 9.  PURCHASE OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS

Not applicable to the registrant.

ITEM 10.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

Not applicable to the registrant.

ITEM 11.  CONTROLS AND PROCEDURES

(a) Not applicable to the registrant.

(b) Not applicable to the registrant.

ITEM 12.  EXHIBITS

The following exhibits are attached to this Form N-CSR:

(a)

(1) Code of ethics or amendments: not applicable to the registrant.

(2) Certification by the registrant’s Owner Trustee, as required by Rule 30a-2(a) under the Investment Company Act of 1940,       is attached.

(3) Annual Compliance Statement of the Servicer, GMAC Commercial Mortgage Corporation, is attached.

(4) Attestation Report of Independent Accountants, PricewaterhouseCoopers, LLP, is attached.

(5) GMAC reports pursuant to section 1301, 1302, 1303, 1304, 1306 and 1307 of the Servicer Agreement.

(b) Certification by the registrant’s Owner Trustee, as required by Rule 30a-2(b) under the Investment Company Act of 1940, is attached.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)		College and University Facility Loan Trust One
By (Signature and Title)			/s/ James Byrnes, Vice President
Date	February 24, 2006
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title)			/s/ James Byrnes, Vice President
Date	February 24, 2006

EX-99.CERT

Exhibit 99.CERT

Certification

I, Bryan Calder of the owner trustee, certify that:

1.  I have reviewed this report on Form N-CSR of College and University Facility Loan Trust One (the “Registrant”);

2.  Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.  Based on my knowledge, the financial statements, and other financial information included in the report, fairly present in all material respects the financial condition, results of operation, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in the report;

4.  Based on my knowledge, the distribution or servicing information required to be provided to the trustee by the servicer under the pooling and servicing, or similar, agreement, for inclusion in this report is included in this report;

5.  Based on my knowledge and upon the annual compliance statement included in the report and required to be delivered to the trustee in accordance with the terms of the pooling and servicing, or similar, agreement, and except as disclosed in this report, the servicer has fulfilled its obligations under the servicing agreement; and

6.  The report discloses all significant deficiencies relating to the servicer’s compliance with the minimum servicing standards based upon the report provided by an independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedure, as set forth in the pooling and servicing, or similar, agreement, that is included in this report.

In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties: GMAC Commercial Mortgage Corporation and J.P. Morgan Trust Company National Association.

Date:	February 24, 2006
		/s/ Bryan Calder
		Bryan Calder
		Executive Vice President

EX-99.906CERT

Exhibit 99.906

CERTIFICATION PURSUANT TO SECTION 906 OF THE

SARBANES-OXLEY ACT OF 2002

I, Bryan Calder, Executive Vice President of US Bank, the Owner Trustee of College and University Facility Loan Trust One (the “Registrant”), hereby certifies that:

1.the Registrant’s report on Form N-CSR (the “Report”) for the period ended November 30, 2005 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Date:			February 24, 2006
By:		/s/ Bryan Calder
	Executive Vice President

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Registrant and will be retained by the Registrant and furnished to the Securities and Exchange Commission or its staff upon request.

EX-99.3

Annual Certification by Officer
For the Year Ended December 31, 2004

United States Department of Education
College and University Facility Loan Trust One

Pursuant to Section 206 and 207 of the Servicing Agreement, I attest that:

i.A review of the activities of GMAC Commercial Mortgage Corporation as Servicer during the period under this Servicing Agreement has been made under my supervision, and, to the best of my knowledge, based on such review, GMAC Commercial Mortgage Corporation as Servicer, has fulfilled in all material respects, all of its duties, responsibilities, or obligations under this Servicing Agreement throughout the period ..

ii.I confirm that GMAC Commercial Mortgage Corporation as Servicer is in compliance with the requirements of Section 202.

GMAC COMMERCIAL MORTGAGE CORPORATION
/s/ Brian T. Stauffer
By:	Brian T. Stauffer
Title:	Senior Vice President
Date:	February 20, 2005

200 Witmer Road - P.O. Box 1015 - Horsham, PA 19044-8015

EX-99.4

Exhibit 99.4

GMAC Commercial

Mortgage Corporation

Report on Compliance with Minimum

Master Servicing Standards

December 31, 2004

PricewaterhouseCoopers LLP

PricewaterhouseCoopers Center
300 Madison Avenue
New York NY10017
Telephone (646) 471 3000
Facsimile (813) 286 6000

Report of Independent Accountants

To the Board of Directors and Shareholder of
GMAC Commercial Mortgage Corporation:

We have examined management’s assertion, dated February 14, 2005, about GMAC Commercial Mortgage Corporation’s (the “Company’s”) compliance with its established minimum master servicing policy (“Master Servicing Policy”), which management derived from the Mortgage Bankers Association of America’s Uniform Single Attestation Program for Mortgage Bankers (USAP), as of and for the year ended December 31, 2004 included in the accompanying management assertion (see Exhibit I). Management is responsible for the Company’s compliance with the Master Servicing Policy. Our responsibility is to express an opinion on management’s assertion about the Company’s compliance based on our examination.

Our examination was made in accordance with the standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Company’s compliance with the Master Servicing Policy and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination of the Company’s compliance with the Master Servicing Policy.

In our opinion, management’s assertion that, except for instances of noncompliance, the Company complied with the aforementioned Master Servicing Policy as of and for the year ended December 31, 2004 is fairly stated, in all material respects.

/s/ PricewaterhouseCoopers LLP

February 14, 2005

Exhibit I

Management’s Assertion Concerning Compliance
With Minimum Master Servicing Standards

February 14, 2005

As of and for the year ended December 31, 2004, for the master servicing transactions included in Exhibit II, GMAC Commercial Mortgage Corporation has complied, in all material respects, with the applicable minimum master servicing standards set forth in the company’s Master Servicing Policy (attached in Exhibit III), which were derived from the Mortgage Bankers Association of America’s Uniform Single Attestation Program for Mortgage Bankers, except with respect to the requirement to timely prepare bank reconciliations for custodial bank accounts and timely clear reconciling items, for which the company was not in compliance during the year.

As of December 31, 2004, the company was covered by various General Motors Corporation insurance policies providing $300 million of fidelity bond insurance and $100 million of errors and omissions insurance.

/s/ Robert D. Feller

Robert D. Feller

Chief Executive Officer

/s/ Michael I. Lipson

Michael I. Lipson

Executive Vice President, Global Servicing

/s/ Wayne D. Hoch

Wayne D. Hoch

Executive Vice President and Chief Financial Officer

Exhibit II

GMAC COMMERCIAL MORTGAGE CORPORATION
TRANSACTIONS ASSOCIATED WITH MASTER SERVICING
RESPONSIBILITIES

277 PARK AVE FINANCE CORP

ACMF I SERIES 1997-C1

AETNA, SERIES 1995-C5

AMC DEPOSITOR, SERIES 1999-1

ASC, SERIES 1996-D3

ASC, SERIES 1997-D4

ASW, SERIES 1993-2

ATHERTON - PAINE WEBBER WHSE

ATHERTON, SERIES 1997-1

ATHERTON, SERIES 1998-A

ATHERTON, SERIES 1999-A

BACM, SERIES 2001-C1

BANK OF AMERICA 2002-X1

BKB, SERIES 1997-C1

Cal West Trust II

CALSTRS, SERIES 2002-C6

CAPCO, SERIES 1998-D7

CAPITAL TRUST RE CDO 2004-1

CBM, SERIES 1996-1

CDC, SERIES 2002-FX1

CG, Series 2004-FL1

CHASE, SERIES 1996-1

CHASE, SERIES 1996-2

CHASE, SERIES 1997-1

CHASE, SERIES 1997-2

CHASE, SERIES 1998-2

CHASE, SERIES 2000-FL1

CHASE, SERIES 2001-FL1

CHASE-FIRST UNION, 1999-1

CITIBANK, SERIES 1994-C2

CITICORP LEASE TRUST, SERIES 1999-1

COLUMBIA CTR TRUST, 2000-CCT

COLUMN, SERIES 2002-CCL1

COMM, SERIES 2001-FL5

COMM, SERIES 2001-J2

COMM, SERIES 2003-LNB1

COMM, Series 2004-LNB2

COMM, Series 2004-LNB4

CSFB, SERIES 1995-M1

CSFB, SERIES 1997-PS1

CSFB, SERIES 1998-PS2

CSFB, SERIES 1999-PS3

CSFB, SERIES 2000-C1

CSFB, SERIES 2000-PS4

CSFB, SERIES 2001-CF2

CSFB, SERIES 2001-SPG1

DAIWA, SERIES 1993-1

DENVER PUBLIC SCHOOLS RET.

DEUTSCHE BANC MORTGAGE (184)

DLJ, SERIES 1996-CF1

DLJ, SERIES 1997-CF1

DLJ-FB, SERIES 1994-MF1

ED I

ED II

EMAC, SERIES 1998-1

EMAC, SERIES 1999-1

EMAC, SERIES 2000-1

FIRST BOSTON, SERIES 1995-MF1

FMAC, SERIES 1991-A

FMAC, SERIES 1993-B

FMAC, SERIES 1994-A

FMAC, SERIES 1995-B

FMAC, SERIES 1996-B

FMAC, SERIES 1997-A

FMAC, SERIES 1997-B

FMAC, SERIES 1997-C

FMAC, SERIES 1998-A

FMAC, SERIES 1998-B

FMAC, SERIES 1998-C

FMAC, SERIES 1998-D

FMAC, SERIES 2000-A

FMHA

FNMA, SERIES 1998-M1

FOREST CITY, SERIES 1994-1

FREEHOLD RACEWAY MALL 2001-FRM

G3 STRATEGIC INV. LP 2002 WL1

GAFCO FRANCHISE 1998-1

GFCM 2003-1

GGP MALL PROP TR, SERIES 2001-GGP1

GIA SERIES 2001-A

GMACCM 2003-C2

GMACCM CANADA, SERIES 2002-FL1

GMACCM HF1, SERIES 1999-1

GMACCM HF1, SERIES 1999-2

GMACCM Seniors 2003-A

GMACCM, SERIES 1996-C1

GMACCM, SERIES 1996-C2

GMACCM, SERIES 1997-C1

GMACCM, SERIES 1997-C2

GMACCM, SERIES 1998-C1

GMACCM, SERIES 1998-C2

GMACCM, SERIES 1999-C1

GMACCM, SERIES 1999-C2

GMACCM, SERIES 1999-C3

GMACCM, SERIES 1999-CTL1

GMACCM, SERIES 2000-C1

GMACCM, SERIES 2000-C2

GMACCM, SERIES 2000-C3

GMACCM, SERIES 2000-FL1

GMACCM, SERIES 2000-FLA

GMACCM, SERIES 2000-FLB

GMACCM, SERIES 2000-FLE

GMACCM, SERIES 2000-FLF

GMACCM, SERIES 2001-A

GMACCM, SERIES 2001-C1

GMACCM, SERIES 2001-C2

GMACCM, SERIES 2001-FL1

GMACCM, SERIES 2001-FLA

GMACCM, SERIES 2002-C1

GMACCM, SERIES 2002-C2

GMACCM, SERIES 2002-C3

GMACCM, SERIES 2002-FL1

GMACCM, SERIES 2002-LT

GMACCM, SERIES 2003 DOUBLE EAGLE

GMACCM, SERIES 2003-C1

GMACCM, Series 2003-C3

GMACCM, Series 2003-FL1

GMACCM, SERIES 2003-FLA

GMACCM, SERIES 2003-FL-SNF

GMACCM, Series 2003-PMSRLP

GMACCM, Series 2004-C1

GMACCM, SERIES 2004-C2

GMACCM, Series 2004-C3

G-MAX 2002 FL-A

G-MAX 2002-FX-1

GSMCII, Series 2003-C1

GSMSC II, SERIES 1997-GLI

GSMSC II, SERIES 1998-C1

GSMSC II, SERIES 1998-GLII

GSMSC II, SERIES 1999-C1

GSMSC II, SERIES 2001-1285

GSMSC II, SERIES 2001-GL3

GSMSC II, SERIES 2001-ROCK

GSMSC II, SERIES 2002-GSFL V

HUD

IPS, SERIES 2003-1

ISTAR, SERIES 2002-1

ISTAR, SERIES 2003-1

JPMC 2002-C3

JPMC, SERIES 2001-A

JPMC, SERIES 2001-CIBC1

JPMC, Series 2004-C1

JPMC, SERIES 2004-C2

JPMC, Series 2004-CIBC10

JPMC, Series 2004-CIBC8

JPMC, SERIES 2004-CIBC9

JPMC, SERIES 2004-LN2

KS MORTGAGE CAP, SERIES 1995-1

LAKEWOOD MALL

LEHMAN, SERIES 1992-1

LEHMAN, SERIES 1992-2

LEHMAN, SERIES 1994-C2

LEHMAN, SERIES 1995-C2

LEHMAN, SERIES 1996-1

LEHMAN, SERIES 1996-C2

LEHMAN, SERIES 1998-C1

LEHMAN, SERIES 2003-C4

LIBRARY TOWER, SERIES 1998-1

LLL, SERIES 1997-LL1

LONG LANE MASTER TRUST IV

LTC, SERIES 1996-1

LTC, SERIES 1998-1

MALL OF AMERICA, SERIES 2000-1

MCF, SERIES 1993-C1-C2

MCF, SERIES 1995-MC1

MCF, SERIES 1996-MC1

MCF, SERIES 1996-MC2

MCF, SERIES 1998-MC1

MCF, SERIES 1998-MC3

MERRILL, SERIES 1995-C1

MERRILL, SERIES 1995-C2

MERRILL, SERIES 1995-C3

MERRILL, SERIES 1996-C1

MERRILL, SERIES 1997-C1

MERRILL, SERIES 1998-C1-CTL

MERRILL, SERIES 1999-C2

MERRILL, SERIES 2000-C3

MERRILL, SERIES 2000-C4

MERRILL, SERIES 2001-C5

MERRILL, SERIES 2001-LBC

MERRILL, SERIES 2002-BC2P

MERRILL, SERIES 2002-C7

MERRILL, SERIES 2002-C8

MERRILL, SERIES 2003-C10

MERRILL, SERIES 2003-C11

ML, SERIES 2003-C9

MORGAN, SERIES 1996-C1

MORGAN, SERIES 1997-C1

MORGAN, SERIES 1997-XL I

MORGAN, SERIES 1998-CF1

MORGAN, SERIES 1998-HF1

MORGAN, SERIES 1998-HF2

MORGAN, SERIES 1999-RM1

MORGAN, SERIES 2002-HQ

MSCI 2004-HQ4

MSDW 2003-IQ4

MSDW CAPTIAL I TRUST 2002-IQ3

MSDW, SERIES 1997-HF1

MSDW, SERIES 1999-FNV1

MSDW, SERIES 2001-IQ

MSDW, SERIES 2001-PPM

MSDW, SERIES 2002-WM

MSDW, Series 2003-IQ5

NATIONS LINK, SERIES 1996-1

NB, SERIES-DMC

NEW ENDLAND MUTUAL LIFE, SERIES 1993-1

NOMURA MEGADEAL, SERIES 1995-MD IV

NOMURA MEGADEAL, SERIES 1996-MD V

NOMURA, SERIES 1993-1

NOMURA, SERIES 1994-MD1

NOMURA, SERIES 1996 MD VI

NOMURA, SERIES 1998-D6

NOMURA, SERIES 1998-STI

OREGAN, SERIES 1995-1

PAINE WEBBER, SERIES 1996-M1

REAL-T, Series 2004-1

SALOMON, SERIES 1999-C1

SALOMON, SERIES 2000-C1

SASCO, SERIES 1995-C4

SC FUNDING, SERIES 1993-1

SDG MACERICH PROPERTIES LP CMO

SL COMMERCIAL, SERIES 1997-C1

SOLAR TRUST, SERIES 2001-1

SOLAR TRUST, SERIES 2002-1

Solar Trust, Series 2003-CC1

STRUCTURED MTG, SERIES 1994-M1

U-HAUL, SERIES 1993-1

Exhibit III

GMAC COMMERCIAL MORTGAGE CORPORATION

MINIMUM MASTER SERVICING POLICY

I.CUSTODIAL BANK ACCOUNTS

1.Reconciliations shall be prepared on a monthly basis for all custodial bank accounts and related bank clearing accounts. These reconciliations shall:

•be mathematically accurate;

•be prepared within forty-five (45) calendar days after the cutoff date, but in any event in accordance with the applicable servicing agreements;

•be reviewed and approved by someone other than the person who prepared the reconciliation; and

•evidence explanations for reconciling items which shall be resolved within ninety (90) calendar days of identification.

2.Funds of the servicing entity shall be advanced as specified in the applicable servicing agreements in cases where there is potential for an overdraft in an investor’s account or a request letter has been received from a subservicer for a servicing advance stipulated by the subservicing agreement.

3.All cash for each custodial account shall be maintained at a federally insured depository institution in trust for the applicable investor or in an investment account in accordance with the applicable servicing agreement requirements.

II.MORTGAGE PAYMENTS

1.Mortgage payments shall be deposited into the custodial bank accounts and related bank clearing accounts within two business days of receipt from the subservicer.

2.Mortgage payments made in accordance with the mortgagor’s loan documents shall be posted to the applicable mortgagor records within two business days of receipt from the subservicer.

III.DISBURSEMENTS

1.Remittances made via wire transfer on behalf of a mortgagor or investor shall be made only by authorized personnel.

2.Amounts remitted to investors per the servicer’s investor reports shall agree with cancelled checks, or other form of payment, or custodial bank statements.

IV.INVESTOR ACCOUNTING AND REPORTING

1.Monthly investor reports shall be sent in a timely manner listing loan level detail of payments and balances, and all other data required by the servicing agreements.

V.INSURANCE POLICIES

1.A fidelity bond and errors and omissions policy shall be in effect on the servicing entity in the amount of coverage represented to investors in management’s assertion.

VI.MONITORING OF SUBSERVICER COMPLIANCE

1.Within 120 days of a subservicer’s year-end, the subservicer’s management assertions about compliance with minimum servicing standards, which were derived form the Mortgage Bankers Association of America’s Uniform Single Attestation Program for Mortgage Bankers, and the Independent Auditors Report on management’s assertions shall be reviewed, and if material exceptions are found, appropriate corrective action will be taken.

2.An annual certification from each subservicer stating that the subservicer is in compliance with its subservicer agreement shall be obtained by April 30^th for the previous calendar year.

EX-99.5

Exhibit 99.5

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report for January 2005

Investor	Payment	Loan	Property	Due			Transaction
Number	Date	Number	Name	Date	Principal	Interest	Amount	Suspense	Lt. Chg.	Tranactions Description	Wire Date	Wire Amount
2	1-03-05	20020803	UNIVERSITY OF FLORIDA	0	113,000.00	1,695.00	114,695.00	0.00	0.00	LOAN PAYOFF
2	1-03-05	20021603	UNIVERSITY OF NORTH CAROLINA	1012005	65,000.00	16,125.00	81,125.00	0.00	0.00	PAYMENT REC’D
2	1-03-05	20022401	UNIVERSITY OF SOUTH FLOR./REV CERTS.,83	1012005	0.00	21,750.00	21,750.00	0.00	0.00	PAYMENT REC’D
					178,000.00	39,570.00	217,570.00	0.00	0.00		1-04-05	217,570.00
2	1-04-05	20008401	HAVERFORD COLL.	0	0.00	0.00	310,000.00	310,000.00	0.00	ESCROW HELD PAYMENT
2	1-04-05	20009201	JACKSON STATE COLLEGE	1012005	50,000.00	2,250.00	52,250.00	0.00	0.00	PAYMENT REC’D
2	1-04-05	20012401	MISSISSIPPI VALLEY ST. COLLEGE	1012005	0.00	599.99	599.99	0.00	0.00	PAYMENT REC’D
2	1-04-05	20012401	MISSISSIPPI VALLEY ST. COLLEGE	7012005	0.00	0.01	0.01	0.00	0.00	PAYMENT REC’D
2	1-04-05	20012801	MONTCLAIR STATE COLL (NJEFA) SER 77B	1012005	0.00	2,700.00	2,700.00	0.00	0.00	PAYMENT REC’D
					50,000.00	5,550.00	365,550.00	310,000.00	0.00			365,550.00
												-175.00		4th Quarter Property Inspection Ln#20003001
											1-05-05	365,375.00
2	1-05-05	20006801	FLORIDA ATLANTIC UNIVERSITY	1012005	0.00	1,350.00	1,350.00	0.00	0.00	PAYMENT REC’D
					0.00	1,350.00	1,350.00	0.00	0.00		1-06-05	1,350.00
2	1-06-05	20003901	COLLEGE OF CHARLESTON	1012005	0.00	10,725.00	10,725.00	0.00	0.00	PAYMENT REC’D
2	1-06-05	20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	1012005	0.00	1,380.00	1,380.00	0.00	0.00	PAYMENT REC’D
					0.00	12,105.00	12,105.00	0.00	0.00		1-07-05	12,105.00
2	1-10-05	20018701	FINLANDIA UNIVERSITY	0	0.00	0.00	15,575.52	15,575.52	0.00	ESCROW HELD PAYMENT
					0.00	0.00	15,575.52	15,575.52	0.00			15,575.52
												-1474.11		12/2004 service fee
											1-11-05	14,101.41
2	1-13-05	20009702	KENT STATE UNIVERSITY	12012004	130,000.00	0.00	130,000.00	0.00	0.00	PAYMENT REC’D
2	1-13-05	20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	1012005	4,000.00	0.00	4,000.00	0.00	0.00	PAYMENT REC’D
					134,000.00	0.00	134,000.00	0.00	0.00		1-13-05	134,000.00
2	1-19-05	20010301	LAREDO MUNICIPAL JR. COLLEGE	0	0.00	0.00	-1,689.14	-1,689.14	0.00	SUPSENSE ESCROW DISB
2	1-19-05	20018701	FINLANDIA UNIVERSITY	0	0.00	0.00	-15,575.52	-15,575.52	0.00	PAYMENT REVERSAL
2	1-19-05	20018701	FINLANDIA UNIVERSITY	0	0.00	0.00	-64,732.12	-64,732.12	0.00	PAYMENT REVERSAL
2	1-19-05	20018701	FINLANDIA UNIVERSITY	0	0.00	0.00	18,245.31	18,245.31	0.00	ESCROW HELD PAYMENT
2	1-19-05	20018701	FINLANDIA UNIVERSITY	9072004	6,760.86	7,074.91	13,835.77	0.00	0.00	PAYMENT REC’D
2	1-19-05	20018701	FINLANDIA UNIVERSITY	10072004	7,016.54	7,058.98	14,075.52	0.00	0.00	PAYMENT REC’D
2	1-19-05	20018701	FINLANDIA UNIVERSITY	11072004	6,802.39	7,273.13	14,075.52	0.00	0.00	PAYMENT REC’D
2	1-19-05	20018701	FINLANDIA UNIVERSITY	12072004	7,056.84	7,018.68	14,075.52	0.00	0.00	PAYMENT REC’D
					27,636.63	28,425.70	-7,689.14	-63,751.47	0.00		(None)	(7,689.14	)	Overdraft
2	1-25-05	20018701	FINLANDIA UNIVERSITY	0	0.00	0.00	-18,245.31	-18,245.31	0.00	PAYMENT REVERSAL
2	1-25-05	20018701	FINLANDIA UNIVERSITY	0	0.00	0.00	2,669.79	2,669.79	0.00	ESCROW HELD PAYMENT
2	1-25-05	20018701	FINLANDIA UNIVERSITY	1072005	6,844.16	7,231.36	14,075.52	0.00	0.00	PAYMENT REC’D
				1072005	6,844.16	7,231.36	-1,500.00	-15,575.52	0.00		(None)	(1,500.00	)	Overdraft
2	1-27-05	20018701	FINLANDIA UNIVERSITY	0	0.00	0.00	0.00	0.00	0.00	ESC 5 DISBURSEMENT
2	1-27-05	20018701	FINLANDIA UNIVERSITY	0	0.00	0.00	0.00	0.00	0.00	ESCROW 5 PAYMENT
2	1-27-05	20018701	FINLANDIA UNIVERSITY	0	0.00	0.00	-22,739.76	-22,739.76	0.00	SUSPENSE ESC DEBIT
2	1-27-05	20018701	FINLANDIA UNIVERSITY	0	0.00	0.00	0.00	0.00	0.00	UNPROCESS:CASH IN CR.
					0.00	0.00	-22,739.76	-22,739.76	0.00		(None)	(22,739.76	)	Overdraft
				TOTALS:	396,480.79	94,232.06	714,221.62	223,508.77	0.00

Tranaction Date	Principal	Interest	Suspense	Lt. Chg	Transaction Amt		Wire Amount Sent	Difference		Wire Date	Comments
1/3/2005	178,000.00	39,570.00	0.00	0.00	217,570.00		217,570.00	—		1/4/2005
1/4/2005	50,000.00	5,550.00	310,000.00	0.00	365,550.00		365,375.00	175.00		1/5/2005	4th Quarter Property Inspection Ln#20003001
1/5/2005	0.00	1,350.00		0.00	1,350.00		1,350.00	—		1/6/2005
1/6/2005	0.00	12,105.00	0.00	0.00	12,105.00		12,105.00	—		1/7/2005
1/10/2005	0.00	0.00	15,575.52	0.00	15,575.52		14,101.41	1,474.11		1/11/2005	12/2004 service fee
1/13/2005	134,000.00	0.00	0.00	0.00	134,000.00		134,000.00	—		1/14/2005
1/19/2005	27,636.63	28,425.70	-63,751.47	0.00	(7,689.14	)	—	(7,689.14	)	1/20/2005	PAYMENT REVERSAL
1/25/2005	6,844.16	7,231.36	-15,575.52	0.00	(1,500.00	)	—	(1,500.00	)	1/26/2005	PAYMENT REVERSAL
1/27/2005	0.00	0.00	-22,739.76	0.00	(22,739.76	)	—	(22,739.76	)	1/28/2005	SUSPENSE ESC DEBIT
	396,480.79	94,232.06	223,508.77	0.00	714,221.62		744,501.41	-30,279.79

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report for February 2005

Investor	Payment	Loan	Property	Due			Transaction
Number	Date	Number	Name	Date	Principal	Interest	Amount	Suspense	Lt. Chg.	Tranactions Description	Wire Date	Wire Amount
2	2-01-05	20006901	FLORIDA INST OF TECH, INC	2012005	9,000.00	255.00	9,255.00	0.00	0.00	PAYMENT REC’D
2	2-01-05	20023101	VANDERBILT UNIV - 1965 CARMIC TOWERS	2012005	0.00	2,242.36	2,242.36	0.00	0.00	PAYMENT REC’D
2	2-01-05	20023101	VANDERBILT UNIV - 1965 CARMIC TOWERS	0	0.00	0.00	82.64	82.64	0.00	ESCROW HELD PAYMENT
					9,000.00	2,497.36	11,580.00	82.64	0.00			11,580.00
												-1,500.00	deduction to cover overdrafrt amt from 1/26
												-22,739.76	deduction to cover overdrafrt amt from 1/28
											(None)	-12,659.76	Balance owed from 1/28 overdraft
2	2-02-05	20002501	WILLIAM JENNINGS BRYAN COLLEGE	2012005	8,000.00	1,545.00	9,545.00	0.00	0.00	PAYMENT REC’D
2	2-02-05	20010301	LAREDO MUNICIPAL JR. COLLEGE	2012005	0.00	1,845.00	1,845.00	0.00	0.00	PAYMENT REC’D
2	2-02-05	20018601	STILLMAN COLLEGE	2012005	4,000.00	150.00	4,150.00	0.00	0.00	PAYMENT REC’D
					12,000.00	3,540.00	15,540.00	0.00	0.00			15,540.00
												-12,659.76	Balance owed from 1/28 overdraft
											2-03-05	2,880.24
2	2-07-05	20018701	FINLANDIA UNIVERSITY	0	0.00	0.00	15,575.52	15,575.52	0.00	ESCROW HELD PAYMENT
					0.00	0.00	15,575.52	15,575.52	0.00		2-08-05	15,575.52
2	2-24-05	20018701	FINLANDIA UNIVERSITY	0	0.00	0.00	-15,575.52	-15,575.52	0.00	PAYMENT REVERSAL
2	2-24-05	20018701	FINLANDIA UNIVERSITY	2072005	6,864.78	7,210.74	14,075.52	0.00	0.00	PAYMENT REC’D
					6,864.78	7,210.74	-1,500.00	-15,575.52	0.00		(None)	-1,500.00
				TOTALS:	27,864.78	13,248.10	41,195.52	82.64	0.00

Tranaction Date	Principal	Interest	Suspense		Lt. Chg	Transaction Amt		Wire Amount Sent	Difference		Wire Date	Comments
2/1/2005	9,000.00	2,497.36	82.64		0.00	11,580.00		0.00	11,580.00		2/2/2005	Funds withheld to cover overdraft from January 2005 in the amount of $24,239.76. $12,659.76 remains to be recovered.
2/2/2005	12,000.00	3,540.00	0.00		0.00	15,540.00		2,880.24	12,659.76		2/3/2005	Funds withheld to cover remaining overdraft from January 2005 in the amount of $12,659.76.
2/7/2005	0.00	0.00	15,575.52		0.00	15,575.52		15,575.52	0.00		2/8/2005
2/24/2005	6,864.78	7,210.74	(15,575.52	)	0.00	(1,500.00	)	0.00	(1,500.00	)	2/25/2005	Payment reversal
	27,864.78	13,248.10	82.64		0.00	41,195.52		18,455.76	22,739.76

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report for March 2005

Investor	Payment	Loan	Property	Due			Transaction
Number	Date	Number	Name	Date	Principal	Interest	Amount	Suspense	Lt. Chg.	Tranactions Description	Wire Date	Wire Amount
2	3-01-05	20013801	NORTH CAROLINA STATE UNIVERSITY	3012005	0.00	4,125.00	4,125.00	0.00	0.00	PAYMENT REC’D
2	3-01-05	20019502	TEXAS TECH. UNIVERSITY	3012005	45,000.00	8,573.12	53,573.12	0.00	0.00	PAYMENT REC’D
2	3-01-05	20019504	TEXAS TECH. UNIVERSITY	3012005	350,000.00	53,071.88	403,071.88	0.00	0.00	PAYMENT REC’D
					395,000.00	65,770.00	460,770.00	0.00	0.00			460,770.00
												-1,500.00	deduction to cover overdrafrt amt from 2/25
												-78,464.22	PPA expense on loan no. 02-0018701
											3-02-05	380,805.78
2	3-02-05	20000902	ANDERSON COLLEGE	3012005	25,000.00	2,250.00	27,250.00	0.00	0.00	PAYMENT REC’D
2	3-02-05	20018701	FINLANDIA UNIVERSITY	0	0.00	0.00	0.00	0.00	0.00	ESCROW 5 PAYMENT
					25,000.00	2,250.00	27,250.00	0.00	0.00			27,250.00
												-1,183.86	1/2005 Service Fee
												-221.57	2/2005 Service Fee
											3-03-05	25,844.57
2	3-07-05	20018701	FINLANDIA UNIVERSITY	3072005	7,581.28	6,494.24	14,075.52	0.00	0.00	PAYMENT REC’D
					7,581.28	6,494.24	14,075.52	0.00	0.00		3-08-05	14,075.52
2	3-24-05	20010301	LAREDO MUNICIPAL JR. COLLEGE	0	0.00	0.00	1,689.14	1,689.14	0.00	ESCROW HELD PAYMENT
					0.00	0.00	1,689.14	1,689.14	0.00		3-28-05	1,689.14
2	3-31-05	20007201	FOOTHILL COLLEGE	4012005	0.00	600.00	600.00	0.00	0.00	PAYMENT REC’D
2	3-31-05	20008401	HAVERFORD COLL.	0	0.00	0.00	-310,000.00	-310,000.00	0.00	PAYMENT REVERSAL
2	3-31-05	20008401	HAVERFORD COLL.	0	310,000.00	0.00	310,000.00	0.00	0.00	LOAN PAYOFF
2	3-31-05	20008401	HAVERFORD COLL.	0	0.00	1,400.00	1,400.00	0.00	0.00	INTEREST PAYMENT
2	3-31-05	20023101	VANDERBILT UNIV — 1965 CARMIC TOWERS	0	0.00	0.00	-82.64	-82.64	0.00	PAYMENT REVERSAL
2	3-31-05	20023101	VANDERBILT UNIV — 1965 CARMIC TOWERS	8012005	0.00	82.64	82.64	0.00	0.00	PAYMENT REC’D
					310,000.00	2,082.64	2,000.00	-310,082.64	0.00		4-01-05	2,000.00
				TOTALS:	737,581.28	76,596.88	505,784.66	-308,393.50	0.00

Tranaction Date	Principal	Interest	Suspense		Lt. Chg	Transaction Amt	Wire Amount Sent	Difference	Wire Date	Comments
3/1/2005	395,000.00	65,770.00	0.00		0.00	460,770.00	380,805.78	79,964.22	3/2/2005	Funds withheld to cover overdraft from February 2005 in the amount of $1,500.00. Also, recover PPA expenses in the amount of $76,464.22 for Loan No. 02-0018701
3/2/2005	25,000.00	2,250.00	0.00		0.00	27,250.00	25,844.57	1,405.43	3/3/2005	Funds withheld to pay January 2005 and February 2005 Service Fee
3/7/2005	7,581.28	6,494.24	0.00		0.00	14,075.52	14,075.52	0.00	3/8/2005
3/24/2005	0.00	0.00	1,689.14		0.00	1,689.14	1,689.14	0.00	3/28/2005
3/31/2005	310,000.00	2,082.64	(310,082.64	)	0.00	2,000.00	2,000.00	0.00	4/1/2005
	737,581.28	76,596.88	(308,393.50	)	0.00	505,784.66	424,415.01	81,369.65

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report for April 2005

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense		Total Paid		Net System Credits		Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
4-01-05	4-01-2005	20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	70,000.00	15,300.00	85,300.00	1,020,000.00	70,000.00	15,300.00	—		85,300.00
4-01-05	4-01-2005	20002101	BIRMINGHAM SOUTHERN COLLEGE	—	720.00	720.00	48,000.00	—	720.00	—		720.00
4-01-05	4-01-2005	20002102	BIRMINGHAM SOUTHERN COLLEGE	—	3,540.00	3,540.00	236,000.00	—	3,540.00	—		3,540.00
4-01-05	4-01-2005	20003001	CASE WESTERN RESERVE UNIVERSIT	100,000.00	21,525.00	121,525.00	1,435,000.00	—	21,525.00	—		21,525.00
4-01-05	4-01-2005	20004001	COLLEGE OF ST. THOMAS	30,000.00	6,675.00	36,675.00	445,000.00	30,000.00	6,675.00	—		36,675.00
4-01-05	4-01-2005	20004401	R.I. JR. COLLEGE	10,000.00	4,440.00	14,440.00	296,000.00	10,000.00	4,440.00	—		14,440.00
4-01-05	4-01-2005	20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	25,000.00	6,570.00	31,570.00	438,000.00	25,000.00	6,570.00	—		31,570.00
4-01-05	4-01-2005	20009502	SACRED HEARTKANSAS NEWMAN COLLEGE	21,000.00	630.00	21,630.00	42,000.00	21,000.00	630.00	—		21,630.00
4-01-05	4-01-2005	20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	—	1,995.00	1,995.00	133,000.00	—	1,995.00	—		1,995.00
4-01-05	4-01-2005	20016101	RIVERSIDE HOSPITAL	30,000.00	1,215.00	31,215.00	111,000.00	—	1,215.00	—		1,215.00
4-01-05	4-01-2005	20016201	RIVIER COLLEGE	40,000.00	8,391.88	48,391.88	463,000.00	40,000.00	8,391.88	—		48,391.88
4-01-05	—	20017301	SOUTHEAST MISSOURI STATE UNIV (ESCROW)	190,000.00	3,325.00	193,325.00	190,000.00	190,000.00	3,325.00	—		193,325.00
4-01-05	4-01-2005	20018302	ST. MICHAELS COLLEGE	25,000.00	1,200.00	26,200.00	80,000.00	25,000.00	1,200.00	—		26,200.00
4-01-05	4-01-2005	20021001	UNIVERSITY OF HAWAII AT MANOA	—	4,050.00	4,050.00	270,000.00	—	4,050.00	—		4,050.00
4-01-05	4-01-2005	20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	80,000.00	20,250.00	100,250.00	1,350,000.00	80,000.00	20,250.00	—		100,250.00
4-01-05	4-01-2005	20022601	UNIVERSITY OF STEUBENVILLE	20,000.00	3,138.75	23,138.75	186,000.00	20,000.00	3,138.75	—		23,138.75
4-01-05	4-01-2005	20022602	UNIVERSITY OF STEUBENVILLE	16,000.00	3,750.00	19,750.00	250,000.00	16,000.00	3,750.00	—		19,750.00
4-01-05	4-01-2005	20022701	UNIVERSITY OF VERMONT	59,000.00	33,180.00	92,180.00	2,212,000.00	59,000.00	33,180.00	—		92,180.00
4-01-05	4-01-2005	20023901	XAVIER UNIVERSITY OF LOUISIANA	—	6,300.00	6,300.00	420,000.00	—	6,300.00	—		6,300.00
System Credits														732,195.63
Bank Credit from 3/31 System Credits																312,082.64
Bank Debit from 3/31 System Debits (Payment Reversals)																		310,082.64
Wire to Trustee for 3/31 System Credits																	2,000.00
4-04-05	4-01-2005	20000101	ALBION COLLEGE	—	14,250.00	14,250.00	950,000.00	—	14,250.00	—		14,250.00
4-04-05	4-01-2005	20002201	BLACK HILLS STATE COLLEGE	—	210.00	210.00	14,000.00	—	210.00	—		210.00
4-04-05	4-01-2005	20002202	BLACK HILLS STATE COLLEGE	—	510.00	510.00	34,000.00	—	510.00	—		510.00
4-04-05	4-01-2005	20006401	EMPORIA STATE UNIVERSITY	40,000.00	3,150.00	43,150.00	210,000.00	40,000.00	3,150.00	—		43,150.00
4-04-05	4-01-2005	20007902	GRAMBLING COLLEGE	—	2,625.00	2,625.00	175,000.00	—	2,625.00	—		2,625.00
4-04-05	4-01-2005	20010802	LONG ISLAND UNIVERSITY	—	1,931.25	1,931.25	103,000.00	—	1,931.25	—		1,931.25
4-04-05	4-01-2005	20012101	MIDDLEBURY COLLEGE	40,000.00	14,550.00	54,550.00	970,000.00	40,000.00	14,550.00	—		54,550.00
4-04-05	4-01-2005	20013501	NEW ENGLAND COLLEGE	—	4,676.25	4,676.25	257,999.99	—	4,676.25	—		4,676.25
4-04-05	4-01-2005	20013502	NEW ENGLAND COLLEGE	45,000.00	11,925.00	56,925.00	795,000.00	—	5,692.50	—		5,692.50
4-04-05	4-01-2005	20018001	ST.EDWARDS UNIVERSITY	13,000.00	2,465.00	15,465.00	136,000.00	13,000.00	2,465.00	—		15,465.00
4-04-05	4-01-2005	20019401	TEXAS STATE COLLEGE	35,000.00	1,575.00	36,575.00	105,000.00	35,000.00	1,575.00	—		36,575.00
System Credits														179,635.00
Bank Credit from 4/01 System Credits																732,195.63
Wire to Trustee for 4/01 System Credits																	730,974.45
Bank Debits representing 3/2005 Service Fee																		1,221.18
4-05-05	4-01-2005	20005801	DRAKE UNIVERSITY	40,000.00	10,950.00	50,950.00	730,000.00	40,000.00	10,950.00	—		50,950.00
4-05-05	4-01-2005	20013502	NEW ENGLAND COLLEGE	—	—	—	—	45,000.00	6,232.50	—		51,232.50
System Credits														102,182.50
Bank Credit from 4/04 System Credits																179,635.00
Bank Credit from 4/04 System Credits (Service fee due back Trust on Loan No. 02-0007801)																155.10
Wire to Trustee for 4/04 System Credits																	179,790.10
4-06-05	4-01-2005	20019101	TAYLOR UNIVERISTY	—	5,100.00	5,100.00	340,000.00	—	5,100.00	—		5,100.00
4-06-05	4-01-2005	20023601	WESTERN WASHINGTON STATE COLLEGE	—	900.00	900.00	60,000.00	—	900.00	—		900.00
System Credits														6,000.00
Bank Credit from 4/05 System Credits																102,182.50
Wire to Trustee for 4/05 System Credits																	102,182.50
4-07-05	—	20010301	LAREDO MUNICIPAL JR. COLLEGE	—	—	—	—	—	—	(1,689.14	)	(1,689.14	)
4-07-05	4-07-2005	20018701	FINLANDIA UNIVERSITY	6,908.32	7,167.20	14,075.52	2,378,056.27	6,908.32	7,167.20	—		14,075.52
System Credits														14,075.52
System Debits														(1,689.14	)
Bank Credit from 4/06 System Credits																6,000.00
Wire to Trustee for 4/06 System Credits																	6,000.00
4-08-05	4-01-2005	20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	40,000.00	9,045.00	49,045.00	603,000.00	40,000.00	9,045.00	—		49,045.00
System Credits														49,045.00
Bank Credit from 4/07 System Credits																14,075.52
Bank Credit (Finlandia College 02-0018701 Reserve Account Deposit)																1,500.00

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires		ACH Debits and Other Wires
Wire to Trustee for 4/07 System Credits														12,386.38
Bank Debit from 4/07 System Debits (Escrow Disbursement)																1,689.14
4-11-05	4-01-2005	20016701	SCRIPPS COLLEGE	—	420.00	420.00	28,000.00	—	420.00	—	420.00
System Credits												420.00
Bank Credit from 4/08 System Credits													49,045.00
Wire to Trustee for 4/08 System Credits														49,045.00
4-12-05
Bank Credit from 4/11 System Credits													420.00
Wire to Trustee for 4/11 System Credits														420.00
4-13-05	4-01-2005	20000601	ALMA COLLEGE	45,000.00	4,350.00	49,350.00	290,000.00	45,000.00	4,350.00	—	49,350.00
System Credits												49,350.00
4-14-05	4-01-2005	20005201	DANIEL WEBSTER COLLEGE	15,000.00	3,900.00	18,900.00	260,000.00	15,000.00	3,900.00	—	18,900.00
System Credits												18,900.00
Bank Credit from 4/13 System Credits													49,350.00
Wire to Trustee for 4/13 System Credits														49,350.00
4-15-05
Bank Credit from 4/14 System Credits													18,900.00
Wire to Trustee for 4/14 System Credits														18,900.00
4-19-05
Bank Credit representing $27.00 Service Fee difference from 11/2004 due back Trust													27.00
4-22-05	5-01-2005	20002801	CARNEGIE MELLON UNIVERSITY	—	—	—	—	15,000.00	6,855.00	—	21,855.00
4-22-05	4-01-2005	20003001	CASE WESTERN RESERVE UNIVERSIT	—	—	—	—	100,000.00	—	—	100,000.00
4-22-05	4-01-2005	20012901	MONTEREY PENINSULA JR. COLLEGE	—	3,450.00	3,450.00	230,000.00	—	3,450.00	—	3,450.00
System Credits												125,305.00
Wire (Sent from this Account in Error)														160,854.19
4-25-05	5-01-2005	20012001	MICHIGAN STATE UNIVERSITY	—	—	—	—	14,828.53	8,697.31	—	23,525.84
4-25-05	5-01-2005	20016601	SARAH LAWRENCE COLLEGE	—	—	—	—	21,584.70	13,695.04	—	35,279.74
System Credits												58,805.58
Bank Credit from 4/22 System Credits													125,305.00
Wire to Trustee for 4/22 System Credits (includes $27.00 Service Fee difference from 11/2004 due Trust)														125,332.00
4-26-05
Bank Credit from 4/25 System Credits													58,805.58
Wire to Trustee for 4/25 System Credits														58,805.58
Return of 4/22/2005 Wire (Sent from this Account in Error)														(160,854.19	)
4-27-05	5-01-2005	20017801	SPRINGFIELD COLLEGE	—	—	—	—	6,854.19	1,463.71	—	8,317.90
System Credits												8,317.90
4-28-05	5-01-2005	20018901	SWARTHMORE COLLEGE	—	—	—	—	4,345.20	1,420.66	—	5,765.86
System Credits												5,765.86
Bank Credit from 4/27 System Credits													8,317.90
Wire to Trustee for 4/27 System Credits														8,317.90

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense		Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
4-29-05
Bank Credit from 4/28 System Credits														5,765.86
Wire to Trustee for 4/28 System Credits															5,765.86
			TOTALS:	1,035,908.32	249,345.33	1,285,253.65	18,294,056.26	1,068,520.94	281,477.05	(1,689.14	)	1,348,308.85	1,348,308.85	1,663,762.73	1,349,269.77	312,992.96
Loans Due in Current Period and Paid in Prior Period:
3-31-05	4012005	20007201	FOOTHILL JUNI	—	600.00	600.00	40,000.00
			TOTALS:	—	600.00	600.00	40,000.00
Loans Due in Current Period Not Yet Paid:
			TOTALS:	—	—	—	—
			GRAND TOTAL:	1,035,908.32	249,945.33	1,285,853.65	18,334,056.26

College and University Loan Trust I

Remittance Report Reconciliation

April-05

Total System Credits @ 4/30		1,348,308.85
Total Bank Credits		1,663,762.73
4/1/2005	Funds in transit	(312,082.64	)
4/5/2005	Service Fee due back Trust	(155.10	)
4/7/2005	Escrow Disbursement	(1,689.14	)
4/8/2005	Reserve Deposit (Finlandia College)	(1,500.00	)
4/19/2005	Service Fee due back Trust	(27.00	)
Adjusted Bank Credits:		1,348,308.85
		(0.00	)

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

April-05

Total System/Bank Credits @ 4/30		1,348,308.85
Total Debits to Trustee@ 4/30		1,349,269.77
4/1/2005	Funds in transit	(2,000.00	)
4/4/2005	3/2005 Service Fee withheld	1,221.18
4/5/2005	Service Fee due back to Trust	(155.10	)
4/19/2005	Service Fee due back to Trust	(27.00	)
Adjusted Debits to Trustee		1,348,308.85

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report for May 2005

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
05-02-05	05-01-05	20000401	UNIVERSITY OF ALFRED	—	2,025.00	2,025.00	135,000.00	—	2,025.00	—	2,025.00
05-02-05	05-01-05	20006502	FAIRLEIGH DICKINSON UNIVERSITY	2,244.78	1,370.04	3,614.82	91,336.31	2,244.78	1,370.04	—	3,614.82
05-02-05	05-01-05	20008301	HARCUM COLLEGE	—	7,500.00	7,500.00	500,000.00	—	7,500.00	—	7,500.00
05-02-05	05-01-05	20013301	MORRIS COLLEGE - BONDS 1983	—	9,360.00	9,360.00	624,000.00	—	9,360.00	—	9,360.00
05-02-05	05-01-05	20019201	TEMPLE UNIVERSITY	—	5,535.00	5,535.00	328,000.00	—	5,535.00	—	5,535.00
05-02-05	05-01-05	20023501	WESTERN MARYLAND COLLEGE	—	14,700.00	14,700.00	980,000.00	—	14,700.00	—	14,700.00
System Credits												42,734.82
05-03-05	05-01-05	20018801	SUSQUEHANNA UNIVERSITY	—	600.00	600.00	40,000.00	—	600.00	—	600.00
05-03-05	05-03-05	20018802	SUSQUEHANNA UNIVERSITY	—	5,165.63	5,165.63	285,000.00	—	5,165.63	—	5,165.63
System Credits												5,765.63
Bank Credit from 5/2 System Credits													42,734.82
Sytem Debit for reserve disbursement for 020018701.															239.75
Wire to Trustee for 5/2 System Credits LESS 4466.41 for April 2005 Service Fees.														38,268.41
05-04-05	05-01-05	20001901	BENEDICT COLLEGE SERIES 1974	—	345.00	345.00	23,000.00	—	345.00	—	345.00
05-04-05	05-01-05	20002701	CALIFORNIA STATE UNIVERSITY	—	19,800.00	19,800.00	1,320,000.00	—	19,800.00	—	19,800.00
05-04-05	05-01-05	20016401	CALIFORNIA STATE UNIVERSITY	—	4,800.00	4,800.00	320,000.00	—	4,800.00	—	4,800.00
05-04-05	05-01-05	20016501	CALIFORNIA STATE UNIVERSITY	—	10,050.00	10,050.00	670,000.00	—	10,050.00	—	10,050.00
System Credits												34,995.00
Bank Credit from 5/3 System Credits													5,765.63
Bank Debit from 5/3 System Debits (Payment Reversals)
Wire to Trustee for 5/3 System Credits														5,765.63
05-06-05	05-01-05	20001201	ATLANTIC UNION COLLEGE	3,402.12	2,588.32	5,990.44	172,554.67	3,402.12	2,588.32	—	5,990.44
05-06-05	05-01-05	20021301	UNIVERSITY OF MONTEVALLO	8,000.00	3,105.00	11,105.00	207,000.00	8,000.00	3,105.00	—	11,105.00
System Credits												17,095.44
Bank Credit from 5/5 System Credits													34,995.00
Bank Debit from 5/5 System Debits (Payment Reversals)
Wire to Trustee for 5/5 System Credits														34,995.00
05-09-05	05-07-05	20018701	FINLANDIA UNIVERSITY	7,159.67	6,915.85	14,075.52	2,371,147.95	7,159.67	6,915.85	—	14,075.52
System Credits												14,075.52
Bank Credit from 5/6 System Credits													17,095.44
Bank Debit from 5/6 System Debits (Payment Reversals)
Wire to Trustee for 5/6 System Credits														17,095.44
05-10-05	05-01-05	20004501	CONCORDIA TEACHERS COLLEGE	30,000.00	6,150.00	36,150.00	409,999.99	30,000.00	6,150.00	—	36,150.00
05-10-05	05-01-05	20020001	UNIVERSITY OF ALABAMA	70,000.00	22,290.00	92,290.00	1,486,000.00	70,000.00	22,290.00	—	92,290.00
System Credits												128,440.00
Bank Credit from 5/9 System Credits 14075.52 PLUS 1500.00 for Reserves. (Funds to stay in the account until requested.)													15,575.52
Bank Debit from 5/9 System Debits (Payment Reversals)
Wire to Trustee for 5/9 System Credits														14,075.52
05-20-05	06-01-05	20013001	MONTREAT-ANDERSON COLLEGE					2,600.00	1,272.00	—	3,872.00
System Credits												3,872.00
Bank Credit from 5/19 System Credits													128,440.00
Wire to Trustee for 5/19 System Credits														128,440.00
05-25-05		20022401	UNIVERSITY OF SOUTH FLOR./REV CERTS.,83					1,450,000.00	21,750.00	—	1,471,750.00
05-25-05		20022401	UNIVERSITY OF SOUTH FLOR./REV CERTS.,83					—	13,050.00	—	13,050.00
System Credits												1,484,800.00
Bank Credit from 5/24 System Credits													3,872.00
Wire to Trustee for 5/24 System Credits														3,872.00
													1,484,800.00
Bank Credit from 5/25 System Credits
Wire to Trustee for 5/25 System Credits														1,484,800.00
			TOTALS:	120,806.57	122,299.84	243,106.41	9,963,038.92	1,573,406.57	158,371.84	—	1,731,778.41	1,731,778.41	1,733,278.41	1,727,312.00	239.75
Loans Due in Current Period and Paid in Prior Period:
04-22-05	05-01-05	20002801	CARNEGIE-MELL	15,000.00	6,855.00	21,855.00	457,000.00
03-31-05	05-01-05	20008401	HAVERFORD COL	—	5,165.63	5,165.63	285,000.00
04-25-05	05-01-05	20012001	MSU HOUSING	14,828.53	8,697.31	23,525.84	579,820.97
04-25-05	05-01-05	20016601	SARAH LAWRENC	21,584.70	13,695.04	35,279.74	913,002.78
04-27-05	05-01-05	20017801	SPRINGFIELD C	6,854.19	1,463.71	8,317.90	97,581.45
04-28-05	05-01-05	20018901	SWARTHMORE CO	4,345.20	1,420.66	5,765.86	94,710.81
			TOTALS:	62,612.62	37,297.35	99,909.97	2,427,116.01
Loans Due in Current Period Not Yet Paid:
	05-01-05	20008201	HAMPSHIRE COL	—	510.00	510.00	34,000.00
			TOTALS:	—	510.00	510.00	34,000.00
			GRAND TOTAL:	183,419.19	160,107.19	343,526.38	12,424,154.93

College and University Loan Trust I

Remittance Report Reconciliation

May-05

Total System Credits @ 5/31		1,731,778.41
Total Bank Credits		1,733,278.41
5/1/2005	Funds in transit	—
5/10/2005	Reserve Payment Loan #02-0018701	(1,500.00	)
Adjusted Bank Credits:		1,731,778.41

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

May-05

Total System/Bank Credits @ 5/31		1,733,278.41
Total Debits to Trustee@ 5/31		1,727,312.00
5/1/2005	Funds in transit	—
5/2/2005	April 2005 Service Fee withheld	4,466.41
5/3/2005	Reserve disbursement for Loan #02-0018701	—
5/10/2005	Reserve payment for Loan #02-0018701	1,500.00
Adjusted Debits to Trustee		1,733,278.41

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report for June 2005

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
06-01-05	06-01-05	20009702	KENT STATE UNIVERSITY	—	7,800.00	7,800.00	520,000.00	—	7,800.00	—	7,800.00
06-01-05	06-01-05	20014401	OLD DOMINION UNIVERSITY	135,000.00	20,850.00	155,850.00	1,389,999.99	135,000.00	20,850.00	—	155,850.00
System Credits												163,650.00
06-02-05	06-01-04	20010801	LONG ISLAND UNIVERSITY					8,999.98	—	—	8,999.98
06-02-05	06-01-05	20010801	LONG ISLAND UNIVERSITY	30,000.00	6,675.00	36,675.00	453,999.98	21,000.02	6,675.00	—	27,675.02
06-02-05	06-01-05	20012501	MISSOURI SOUTHERN STATE COLLEG	—	3,345.00	3,345.00	222,999.99	—	3,345.00	—	3,345.00
System Credits												40,020.00
Bank Credit from 6/1 System Credits													163,650.00
Wire to Trustee for 6/1 System Credits LESS $2,863.94 for May 2005 Service Fee.														160,786.06
06-06-05	06-01-05	20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	5,000.00	1,545.00	6,545.00	103,000.00	5,000.00	1,545.00	—	6,545.00
System Credits												6,545.00
Bank Credit from 6/3 System Credits													40,020.00
Bank Debit from 6/3 System Debits (Service Fee)															2,863.94
Wire to Trustee for 6/3 System Credits														40,020.00
06-07-05	06-07-05	20018701	FINLANDIA UNIVERSITY	6,950.72	7,124.80	14,075.52	2,363,988.28	6,950.72	7,124.80	—	14,075.52
System Credits												14,075.52
Bank Credit from 6/6 System Credits													6,545.00
Bank Debit from 6/6 System Debits (Payment Reversals)
Wire to Trustee for 6/6 System Credits														6,545.00
System Credits
Bank Credit from 6/7 System Credits (includes $1,500.00 Reserve Payment)													15,575.52
Bank Debit from 6/7 System Debits (Payment Reversals)
Wire to Trustee for 6/7 System Credits														14,075.52
06-27-05	06-30-05	20023102	VANDERBILT UNIV  - 1979 MAYFIELD	34,934.61	5,009.26	39,943.87	333,950.72	34,934.61	5,009.26	—	39,943.87
System Credits												39,943.87
Bank Credit from 6/24 System Credits													39,943.87
Bank Debit from 6/24 System Debits (Payment Reversals)
Wire to Trustee for 6/24 System Credits														32,254.72
06-30-05	06-30-05	20002401	BOSTON UNIVERITY	15,286.59	10,840.33	26,126.92	722,688.80	15,286.59	10,840.33	—	26,126.92
System Credits												26,126.92
Bank Credit from 6/29 System Credits
Bank Debit from 6/29 System Debits (Payment Reversals)
Wire to Trustee for 6/29 System Credits
			TOTALS:	227,171.92	63,189.39	290,361.31	6,110,627.76	227,171.92	63,189.39	—	290,361.31	290,361.31	265,734.39	253,681.30	2,863.94
Loans Due in Current Period and Paid in Prior Period:
05-20-05	06-01-05	20013001	MONTREAT-ANDE	2,600.00	1,272.00	3,872.00	84,800.00
			TOTALS:	2,600.00	1,272.00	3,872.00	84,800.00
Loans Due in Current Period Not Yet Paid:
			TOTALS:	—	—	—	—
			GRAND TOTAL:	229,771.92	64,461.39	294,233.31	6,195,427.76

College and University Loan Trust I

Remittance Report Reconciliation

June-05

Total System Credits @ 6/30		290,361.31
Total Bank Credits		265,734.39
6/30/2005	Funds in transit	26,126.92
	Service Fee due back Trust	—
	Escrow Disbursement	—
6/8/2005	Reserve Deposit (Finlandia College)	(1,500.00	)
	Service Fee due back Trust	—
Adjusted Bank Credits:		290,361.31

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

June-05

Total System/Bank Credits @ 6/30		265,734.39
Total Debits to Trustee@ 6/30		279,808.22
6/8/2005	Reserve Deposit (Finlandia College)	1,500.00
6/3/2005	3/2005 Service Fee withheld	2,863.94
6/28/2005	4/2005 Bank Rec Items	7,689.15
6/30/2005	Funds in transit	(26,126.92	)
Adjusted Debits to Trustee		265,734.39

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report for July 2005

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense		Total Paid		Net System Credits		Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
07-01-05	07-01-05	20006801	FLORIDA ATLANTIC UNIVERSITY	45,000.00	1,350.00	46,350.00	90,000.00	45,000.00	1,350.00	—		46,350.00
07-01-05	07-01-05	20021603	UNIVERSITY OF NORTH CAROLINA	—	15,150.00	15,150.00	1,010,000.00	—	15,150.00	—		15,150.00
System Credits														61,500.00
System Debits
Bank Credit for 6/30 System Credits																26,126.92
Bank Debit
Trustee Wire for 6/30 System Credits																	26,126.92
07-05-05	07-01-05	20003901	COLLEGE OF CHARLESTON	55,000.00	10,725.00	65,725.00	715,000.00	55,000.00	10,725.00	—		65,725.00
07-05-05	07-01-05	20012801	MONTCLAIR STATE COLL (NJEFA) SER 77B	43,000.00	2,700.00	45,700.00	223,000.00	—	2,700.00	—		2,700.00
System Credits														68,425.00
System Debits
Bank Credit for 7/1 System Credits																61,500.00
Bank Debit
Trustee Wire for 7/1 System Credits																	60,338.00
07-06-05	07-01-05	20009201	JACKSON STATE COLLEGE	—	1,500.00	1,500.00	100,000.00	—	1,500.00	—		1,500.00
07-06-05		20012001	MICHIGAN STATE UNIVERSITY					564,992.44	2,824.96	—		567,817.40
07-06-05		20012001	MICHIGAN STATE UNIVERSITY					—	—	—		—
07-06-05		20012001	MICHIGAN STATE UNIVERSITY					—	—	—		—
07-06-05		20012001	MICHIGAN STATE UNIVERSITY					—	—	250.00		250.00
07-06-05	07-01-05	20012401	MISSISSIPPI VALLEY ST. COLLEGE	10,000.00	600.00	10,600.00	40,000.00	10,000.00	599.99	—		10,599.99
07-06-05	01-01-06	20012401	MISSISSIPPI VALLEY ST. COLLEGE					—	0.01	—		0.01
System Credits														580,167.40
System Debits
Bank Credit for 7/5 System Credits																68,425.00
Bank Debit (ACH done in error)																		250.00
Trustee Wire for 7/5 System Credits																	68,425.00
07-07-05		20012001	MICHIGAN STATE UNIVERSITY					—	—	(250.00	)	(250.00	)
07-07-05		20012001	MICHIGAN STATE UNIVERSITY					—	—	—		—
07-07-05	07-07-05	20018701	FINLANDIA UNIVERSITY	7,200.83	6,874.69	14,075.52	2,357,037.56	7,200.83	6,874.69	—		14,075.52
System Credits														14,075.52
System Debits (Suspense Reversal)														(250.00	)
Bank Credit for 7/6 System Credits																579,917.40
Bank Credit (to correct ACH error)																250.00
Bank Debit (June 05 Service Fees)																		1,162.00
Trustee Wire for 7/6 System Credits																	580,167.40
System Credits
System Debits
Bank Credit for 7/7 System Credits																14,075.52
Bank Credit (Reserve Deposit for 02-0018701)																1,500.00
Bank Debit
Trustee Wire for 7/7 System Credits																	13,825.52
07-13-05	07-01-05	20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	5,000.00	1,320.00	6,320.00	88,000.00	5,000.00	1,320.00	—		6,320.00
System Credits														6,320.00
System Debits
Bank Credit
Bank Debit
Trustee Wire
System Credits
System Debits
Bank Credit for 7/13 System Credit																6,320.00
Bank Debit
Trustee Wire for 7/13 System Credits																	6,320.00
			TOTALS:	165,200.83	40,219.69	205,420.52	4,623,037.56	687,193.27	43,044.65	—		730,237.92		730,237.92		758,114.84	755,202.84	1,412.00
Loans Due in Current Period and Paid in Prior Period:
01-03-05	07-01-05	20020803	UNIV. OF FLOR	—	1,695.00	1,695.00	—
05-25-05	07-01-05	20022401	SOUTH FLORIDA	145,000.00	21,750.00	166,750.00	1,450,000.00
			TOTALS:	145,000.00	23,445.00	168,445.00	1,450,000.00
Loans Due in Current Period Not Yet Paid:
	07-01-05	20012801	MONTCLAIR COL	43,000.00	2,700.00	45,700.00	223,000.00
			TOTALS:	43,000.00	2,700.00	45,700.00	223,000.00
			GRAND TOTAL:	353,200.83	66,364.69	419,565.52	6,296,037.56

College and University Loan Trust I

Remittance Report Reconciliation

July-05

Total System Credits @ 7/31		730,237.92
Total Bank Credits		758,114.84
06/30/05	Funds in transit	(26,126.92	)
07/07/05	ACH Correction	(250.00	)
07/08/05	Reserve Deposit (Finlandia College)	(1,500.00	)
Adjusted Bank Credits:		730,237.92

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

July-05

Total Bank Credits @ 7/31		758,114.84
Total Debits to Trustee@ 7/31		756,614.84
07/08/05	Reserve Deposit (Finlandia College)	1,500.00
Adjusted Debits to Trustee		758,114.84

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report for August 2005

Date Received	Date Due	GMACCM Number		Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
08-01-05	08-01-05	20010301		LAREDO MUNICIPAL JR. COLLEGE	23,000.00	1,845.00	24,845.00	123,000.00	23,000.00	1,845.00	—	24,845.00
08-01-05	08-01-05	20018601		STILLMAN COLLEGE	—	90.00	90.00	6,000.00	—	90.00	—	90.00
System Credits													24,935.00
System Debits
Bank Credit
Bank Debit
Trustee Wire
08-02-05	08-01-05	20002501		WILLIAM JENNINGS BRYAN COLLEGE	9,000.00	1,425.00	10,425.00	95,000.00	9,000.00	1,425.00	—	10,425.00
08-02-05	08-01-05	20006901		FLORIDA INST OF TECH, INC	—	120.00	120.00	8,000.00	—	120.00	—	120.00
System Credits													10,545.00
System Debits
Bank Credit														24,935.00
Bank Debit
Trustee Wire 8/2															23,866.39
System Credits
System Debits
Bank Credit														10,545.00
Bank Debit
Trustee Wire 8/3															10,545.00
System Credits
System Debits
Bank Credit
Bank Debit 8/4 (July 05 Service Fees)																1,068.61
Trustee Wire
08-08-05	08-07-05		20018701	FINLANDIA UNIVERSITY	6,993.37	7,082.15	14,075.52	2,349,836.73	6,993.37	7,082.15	—	14,075.52
System Credits													14,075.52
System Debits
Bank Credit
Bank Debit
Trustee Wire
System Credits
System Debits
Bank Credit														14,075.52
Bank Debit
Trustee Wire 8/9															12,445.52
08-10-05	08-01-05		20023101	VANDERBILT UNIV - 1965 CARMIC TOWERS	153,895.00	2,308.42	156,203.42	307,790.00	153,895.00	2,308.43	—	156,203.43
08-10-05			20023101	VANDERBILT UNIV - 1965 CARMIC TOWERS					—	1,121.57	—	1,121.57
System Credits													157,325.00
System Debits
Bank Credit
Bank Debit 8/10 (Inspection Fees)																1,630.00
Trustee Wire
System Credits
System Debits
Bank Credit														157,325.00
Bank Debit
Trustee Wire 8/11															157,325.00
System Credits
System Debits
Bank Credit
Bank Debit 8/26 (Reserve funds being moved to new DDA)																51,500.00
Trustee Wire
				TOTALS:	192,888.37	12,870.57	205,758.94	2,889,626.73	192,888.37	13,992.15	—	206,880.52	206,880.52	206,880.52	204,181.91	54,198.61
Loans Due in Current Period and Paid in Prior Period:
				TOTALS:	—	—	—	—
Loans Due in Current Period Not Yet Paid:
				TOTALS:	—	—	—	—
				GRAND TOTAL:	192,888.37	12,870.57	205,758.94	2,889,626.73

College and University Loan Trust I

Remittance Report Reconciliation

August-05

Total System Credits @ 8/31		206,880.52
Total Bank Credits		206,880.52
06/30/05	Funds in transit	—
07/07/05	ACH Correction	—
07/08/05	Reserve Deposit (Finlandia College)	—
Adjusted Bank Credits:		206,880.52

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

August-05

Total Bank Credits @ 8/31	206,880.52
Total Debits to Trustee@ 8/31	204,181.91
July 05 Service Fees	1,068.61
Inspection Fees	1,630.00
Adjusted Debits to Trustee	206,880.52

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report for September 2005

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
09-01-05	09-01-05	20000902	ANDERSON COLLEGE	—	1,875.00	1,875.00	125,000.00	—	1,875.00	—	1,875.00
09-01-05	09-01-05	20013801	NORTH CAROLINA STATE UNIVERSITY	135,000.00	4,125.00	139,125.00	275,000.00	135,000.00	4,125.00	—	139,125.00
09-01-05	09-01-05	20019502	TEXAS TECH. UNIVERSITY	—	7,757.50	7,757.50	428,000.00	—	7,757.50	—	7,757.50
09-01-05	09-01-05	20019504	TEXAS TECH. UNIVERSITY	—	47,165.63	47,165.63	2,795,000.00	—	47,165.63	—	47,165.63
System Credits												195,923.13
System Debits
Bank Credit
Bank Debit
Trustee Wire
09-02-05		20012801	MONTCLAIR STATE COLL (NJEFA) SER 77B					180,000.00	—	—	180,000.00
System Credits												180,000.00
System Debits
Bank Credit 9/6													195,923.13
Bank Debit 9/6 (Aug. 05 Service Fees)															185.62
Trustee Wire 9/2														195,737.51
09-07-05	09-07-05	20018701	FINLANDIA UNIVERSITY	7,014.45	7,061.07	14,075.52	2,342,843.36	7,014.45	7,061.07	—	14,075.52
System Credits												14,075.52
System Debits													180,000.00
Bank Credit 9/7
Bank Debit
Trustee Wire 9/6														180,000.00
System Credits
System Debits													14,075.52
Bank Credit 9/9
Bank Debit
Trustee Wire 9/8														14,075.52
			TOTALS:	142,014.45	67,984.20	209,998.65	5,965,843.36	322,014.45	67,984.20	—	389,998.65	389,998.65	389,998.65	389,813.03	185.62
Loans Due in Current Period and Paid in Prior Period:
			TOTALS:	—	—	—	—
Loans Due in Current Period Not Yet Paid:
			TOTALS:	—	—	—	—
			GRAND TOTAL:	142,014.45	67,984.20	209,998.65	5,965,843.36

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

September-05

Total Bank Credits @ 9/30	389,998.65
Total Debits to Trustee@ 9/30	389,813.03
Aug. 05 Service Fees	185.62
Inspection Fees	—
Adjusted Debits to Trustee	389,998.65

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report for October 2005

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense		Total Paid		Net System Credits		Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
10-03-05	10-01-05	20000101	ALBION COLLEGE	70,000.00	14,250.00	84,250.00	950,000.00	70,000.00	14,250.00	—		84,250.00
10-03-05	10-01-05	20000601	ALMA COLLEGE	—	3,675.00	3,675.00	245,000.00	—	3,675.00	—		3,675.00
10-03-05	10-01-05	20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	—	14,250.00	14,250.00	950,000.00	—	14,250.00	—		14,250.00
10-03-05	10-01-05	20002101	BIRMINGHAM SOUTHERN COLLEGE	40,000.00	720.00	40,720.00	48,000.00	40,000.00	720.00	—		40,720.00
10-03-05	10-01-05	20002102	BIRMINGHAM SOUTHERN COLLEGE	36,000.00	3,540.00	39,540.00	236,000.00	36,000.00	3,540.00	—		39,540.00
10-03-05	10-01-05	20002201	BLACK HILLS STATE COLLEGE	14,000.00	210.00	14,210.00	14,000.00	14,000.00	210.00	—		14,210.00
10-03-05	10-01-05	20002202	BLACK HILLS STATE COLLEGE	12,000.00	510.00	12,510.00	34,000.00	34,000.00	510.00	—		34,510.00
10-03-05	10-01-05	20003001	CASE WESTERN RESERVE UNIVERSIT	—	20,025.00	20,025.00	1,335,000.00	—	20,025.00	—		20,025.00
10-03-05	10-01-05	20004001	COLLEGE OF ST.  THOMAS	—	6,225.00	6,225.00	415,000.00	—	6,225.00	—		6,225.00
10-03-05	10-01-05	20004401	R.I. JR. COLLEGE	10,000.00	4,290.00	14,290.00	286,000.00	10,000.00	4,290.00	—		14,290.00
10-03-05	10-01-05	20006401	EMPORIA STATE UNIVERSITY	—	2,550.00	2,550.00	170,000.00	—	2,550.00	—		2,550.00
10-03-05	10-01-05	20007201	FOOTHILL COLLEGE	20,000.00	600.00	20,600.00	40,000.00	20,000.00	600.00	—		20,600.00
10-03-05	10-01-05	20007902	GRAMBLING COLLEGE	175,000.00	2,625.00	177,625.00	175,000.00	175,000.00	2,625.00	—		177,625.00
10-03-05	10-01-05	20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	—	6,195.00	6,195.00	413,000.00	—	6,195.00	—		6,195.00
10-03-05	10-01-05	20009502	SACRED HEART KANSAS NEWMAN COLLEGE	—	315.00	315.00	21,000.00	—	315.00	—		315.00
10-03-05	10-01-05	20010802	LONG ISLAND UNIVERSITY	103,000.00	1,931.25	104,931.25	103,000.00	103,000.00	1,931.25	—		104,931.25
10-03-05	10-01-05	20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	33,000.00	1,995.00	34,995.00	133,000.00	33,000.00	1,995.00	—		34,995.00
10-03-05	10-01-05	20016101	RIVERSIDE HOSPITAL	—	765.00	765.00	81,000.00	—	765.00	—		765.00
10-03-05	10-01-05	20016201	RIVIER COLLEGE	—	7,666.88	7,666.88	423,000.00	—	7,666.88	—		7,666.88
10-03-05	10-01-05	20018001	ST.EDWARDS UNIVERSITY	—	2,229.38	2,229.38	123,000.00	—	2,229.38	—		2,229.38
10-03-05	10-01-05	20021001	UNIVERSITY OF HAWAII AT MANOA	135,000.00	4,050.00	139,050.00	270,000.00	135,000.00	4,050.00	—		139,050.00
10-03-05	10-01-05	20022601	UNIVERSITY OF STEUBENVILLE	—	2,801.25	2,801.25	166,000.00	—	2,801.25	—		2,801.25
10-03-05	10-01-05	20022602	UNIVERSITY OF STEUBENVILLE	—	3,510.00	3,510.00	234,000.00	—	3,510.00	—		3,510.00
System Credits														774,928.76
System Debits
Bank Credit
Bank Debit
Trustee Wire
10-04-05	10-01-05	20005201	DANIEL WEBSTER COLLEGE	—	3,675.00	3,675.00	245,000.00	—	3,675.00	—		3,675.00
10-04-05	10-01-05	20013501	NEW ENGLAND COLLEGE	26,000.00	4,676.25	30,676.25	257,999.99	26,000.00	4,676.25	—		30,676.25
10-04-05	10-01-05	20013502	NEW ENGLAND COLLEGE	—	11,250.00	11,250.00	750,000.00	—	11,250.00	—		11,250.00
10-04-05	10-01-05	20018302	ST. MICHAELS COLLEGE	—	825.00	825.00	55,000.00	—	825.00	—		825.00
10-04-05	10-01-05	20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	—	19,050.00	19,050.00	1,270,000.00	—	19,050.00	—		19,050.00
10-04-05	10-01-05	20022701	UNIVERSITY OF VERMONT	60,000.00	32,295.00	92,295.00	2,153,000.00	60,000.00	32,295.00	—		92,295.00
System Credits														157,771.25
System Debits
Bank Credit 10/4/05																774,928.76
Bank Debit
Trustee Wire 10/4/05																	773,763.71
10-06-05	10-01-05	20012101	MIDDLEBURY COLLEGE	40,000.00	13,950.00	53,950.00	930,000.00	40,000.00	13,950.00	—		53,950.00
System Credits														53,950.00
System Debits
Bank Credit 10/5/05																157,771.25
Bank Debit 10/5/05 (Sept. 05 Service Fee)																		1,165.05
Trustee Wire 10/5/05																	157,771.25
10-07-05	10-01-05	20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	—	8,445.00	8,445.00	563,000.00	—	8,445.00	—		8,445.00
10-07-05	10-07-05	20018701	FINLANDIA UNIVERSITY	7,262.69	6,812.83	14,075.52	2,335,828.91	7,262.69	6,812.83	—		14,075.52
10-07-05	10-01-05	20019101	TAYLOR UNIVERISTY	55,000.00	5,100.00	60,100.00	340,000.00	55,000.00	5,100.00	—		60,100.00
10-07-05	10-01-05	20023601	WESTERN WASHINGTON STATE COLLEGE	20,000.00	900.00	20,900.00	60,000.00	20,000.00	900.00	—		20,900.00
10-07-05	10-01-05	20023901	XAVIER UNIVERSITY OF LOUISIANA	25,000.00	6,300.00	31,300.00	420,000.00	25,000.00	6,300.00	—		31,300.00
System Credits														134,820.52
System Debits
Bank Credit 10/7/05																53,950.00
Bank Debit
Trustee Wire 10/7/05																	53,950.00
10-13-05	10-01-05	20005801	DRAKE UNIVERSITY	45,000.00	10,350.00	55,350.00	690,000.00	45,000.00	10,350.00	—		55,350.00
10-13-05		20016701	SCRIPPS COLLEGE					—	—	28,420.00		28,420.00
System Credits														83,770.00
System Debits
Bank Credit 10/11/05																134,820.52
Bank Debit
Trustee Wire 10/11/05																	134,820.52
10-18-05		20016701	SCRIPPS COLLEGE					—	—	(28,420.00	)	(28,420.00	)
10-18-05	10-01-05	20016701	SCRIPPS COLLEGE	28,000.00	420.00	28,420.00	28,000.00	28,000.00	420.00	—		28,420.00
System Credits														28,420.00
System Debits (Payment Reversal)														(28,420.00	)
Bank Credit 10/14/05																83,770.00
Bank Debit
Trustee Wire 10/14/05																	83,770.00
10-24-05	11-01-05	20002801	CARNEGIE MELLON UNIVERSITY					15,000.00	6,630.00	—		21,630.00
10-24-05	11-01-05	20016601	SARAH LAWRENCE COLLEGE					21,908.47	13,371.27	—		35,279.74
System Credits														56,909.74
System Debits
Bank Credit 10/19/05																28,420.00
Bank Debit 10/19/05 (Payment Reversal)																		28,420.00
Trustee Wire

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
10-25-05	11-01-05	20001201	ATLANTIC UNION COLLEGE					3,453.15	2,537.29	—	5,990.44
10-25-05	11-01-05	20018901	SWARTHMORE COLLEGE					4,410.38	1,355.48	—	5,765.86
System Credits												11,756.30
System Debits
Bank Credit 10/25/05													56,909.74
Bank Debit
Trustee Wire 10/25/05														56,909.74
10-28-05	11-01-05	20017801	SPRINGFIELD COLLEGE					6,956.99	1,360.91	—	8,317.90
System Credits												8,317.90
System Debits
Bank Credit 10/26/05													11,756.30
Bank Debit
Trustee Wire 10/26/05														11,756.30
10-31-05	10-01-05	20012901	MONTEREY PENINSULA JR. COLLEGE	15,000.00	3,450.00	18,450.00	230,000.00	15,000.00	3,450.00	—	18,450.00
System Credits												18,450.00
System Debits
Bank Credit 10/31/05													16,635.80
Bank Debit 10/31/05 (Cleared duplicate deposit)															8,317.90
Trustee Wire 10/31/05														8,317.90
			TOTALS:	969,262.69	232,427.84	1,201,690.53	17,192,828.90	1,042,991.68	257,682.79	—	1,300,674.47	1,300,674.47	1,318,962.37	1,281,059.42	37,902.95
Loans Due in Current Period and Paid in Prior Period:
			TOTALS:	—	—	—	—
Loans Due in Current Period Not Yet Paid:
	10-01-05	20019401	TEXAS COLLEGE	—	1,050.00	1,050.00	70,000.00
			TOTALS:	—	1,050.00	1,050.00	70,000.00
			GRAND TOTAL:	969,262.69	233,477.84	1,202,740.53	17,262,828.90

College and University Loan Trust I

Remittance Report Reconciliation

October-05

Total System Credits @ 10/31		1,300,674.47
Total Bank Credits		1,318,962.37
10/18/05	Payment Reversal	(28,420.00	)
10/31/05	Funds in transit	18,450.00
10/31/05	ACH Correction	(8,317.90	)
	Reserve Deposit (Finlandia College)	—
Adjusted Bank Credits:		1,300,674.47
		—

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

October-05

Total Bank Credits @ 10/31		1,318,962.37
Total Debits to Trustee@ 10/31		1,281,059.42
10/05/05	Sept. 05 Service Fees	1,165.05
10/19/05	Payment Reversal	28,420.00
10/31/05	ACH Correction for duplicate deposit	8,317.90
Adjusted Debits to Trustee		1,318,962.37

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report for November 2005

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
11-01-05	11-01-05	20000401	UNIVERSITY OF ALFRED	43,000.00	2,025.00	45,025.00	135,000.00	43,000.00	2,025.00	—	45,025.00
11-01-05	11-01-05	20001901	BENEDICT COLLEGE SERIES 1974	11,000.00	345.00	11,345.00	23,000.00	11,000.00	345.00	—	11,345.00
11-01-05	11-01-05	20013301	MORRIS COLLEGE - BONDS 1983	61,000.00	9,360.00	70,360.00	624,000.00	61,000.00	9,360.00	—	70,360.00
11-01-05	11-01-05	20023501	WESTERN MARYLAND COLLEGE	70,000.00	14,700.00	84,700.00	980,000.00	70,000.00	14,700.00	—	84,700.00
System Credits												211,430.00
System Debits
Bank Credit 11/1/05													18,450.00
Bank Debit
Trustee Wire 11/1/05														18,450.00
11-02-05	11012005	20002701	CALIFORNIA STATE UNIVERSITY	150,000.00	19,800.00	169,800.00	1,320,000.00	150,000.00	19,800.00	—	169,800.00
11-02-05	11012005	20004501	CONCORDIA TEACHERS COLLEGE	30,000.00	5,700.00	35,700.00	379,999.99	30,000.00	5,700.00	—	35,700.00
11-02-05	11012005	20008301	HARCUM COLLEGE	40,000.00	7,500.00	47,500.00	500,000.00	40,000.00	7,500.00	—	47,500.00
11-02-05	11012005	20016401	CALIFORNIA STATE UNIVERSITY	15,000.00	4,800.00	19,800.00	320,000.00	15,000.00	4,800.00	—	19,800.00
11-02-05	11012005	20016501	CALIFORNIA STATE UNIVERSITY	30,000.00	10,050.00	40,050.00	670,000.00	30,000.00	10,050.00	—	40,050.00
11-02-05	11012005	20018801	SUSQUEHANNA UNIVERSITY	20,000.00	600.00	20,600.00	40,000.00	20,000.00	600.00	—	20,600.00
11-02-05	11012005	20018802	SUSQUEHANNA UNIVERSITY	25,000.00	5,165.63	30,165.63	285,000.00	25,000.00	5,165.63	—	30,165.63
11-02-05	11012005	20019201	TEMPLE UNIVERSITY	30,000.00	5,535.00	35,535.00	328,000.00	30,000.00	5,535.00	—	35,535.00
11-02-05	11012005	20021301	UNIVERSITY OF MONTEVALLO	—	2,985.00	2,985.00	199,000.00	—	2,985.00	—	2,985.00
System Credits												402,135.63
System Debits
Bank Credit 11/2/05													211,430.00
Bank Debit
Trustee Wire 11/2/05														207,057.94
20051103	11012005	20006502	FAIRLEIGH DICKINSON UNIVERSITY	2,278.44	1,336.38	3,614.82	89,091.53	2,278.44	1,336.38	—	3,614.82
System Credits												3,614.82
System Debits
Bank Credit 11/3/05													402,135.63
Bank Debit 11/3/05- Oct 05 Svc Fee															4,212.06
Bank Debit 11/3/06- Property Insp Fee															160.00
Trustee Wire 11/3/05														402,135.63
20051107	11072005	20018701	FINLANDIA UNIVERSITY	7,057.48	7,018.04	14,075.52	2,328,566.22	7,057.48	7,018.04	—	14,075.52
System Credits												14,075.52
System Debits
Bank Credit 11/4/05													3,614.82
Bank Debit
Trustee Wire 11/4/05														3,614.82
20051109	11012005	20020001	UNIVERSITY OF ALABAMA	—	21,240.00	21,240.00	1,416,000.00	—	21,240.00	—	21,240.00
System Credits												21,240.00
System Debits
Bank Credit 11/8/05													14,075.52
Bank Debit
Trustee Wire 11/8/05														14,075.52
20051118	10012005	20019401	TEXAS STATE COLLEGE					—	1,050.00	—	1,050.00
System Credits												1,050.00
System Debits (Payment Reversal)
Bank Credit 11/10/05													21,240.00
Bank Debit
Trustee Wire 11/10/05														21,240.00
20051121	12012005	20013001	MONTREAT-ANDERSON COLLEGE					2,600.00	1,233.00	—	3,833.00
System Credits												3,833.00
System Debits
Bank Credit 11/21/05													1,050.00
Bank Debit
Trustee Wire 11/21/05														1,050.00
System Credits
System Debits
Bank Credit 11/22/05													3,833.00
Bank Debit
Trustee Wire 11/22/05														3,833.00

1

System Credits
System Debits
Bank Credit
Bank Debit
Trustee Wire
System Credits
System Debits
Bank Credit
Bank Debit
Trustee Wire
			TOTALS:	534,335.92	118,160.05	652,495.97	9,637,657.74	536,935.92	120,443.05	—	657,378.97	657,378.97	675,828.97	671,456.91	4,372.06
Loans Due in Current Period and Paid in Prior Period:
10/25/2005	11/1/2005	20001201	ATLANTIC UNIO	3,453.15	2,537.29	5,990.44	169,152.55
10/24/2005	11/1/2005	20002801	CARNEGIE-MELL	15,000.00	6,630.00	21,630.00	442,000.00
10/24/2005	11/1/2005	20016601	SARAH LAWRENC	21,908.47	13,371.27	35,279.74	891,418.08
10/28/2005	11/1/2005	20017801	SPRINGFIELD C	6,956.99	1,360.91	8,317.90	90,727.26
10/24/2005	11/1/2005	20018901	SWARTHMORE CO	4,410.38	1,355.48	5,765.86	90,365.61
7/1/2005	11/1/2005	20012001	MSU HOUSING	15,050.95	8,474.89	23,525.84	564,992.44
			TOTALS:	40,361.62	22,538.56	62,900.18	1,502,570.63
Loans Due in Current Period Not Yet Paid:
	11/1/2005	20008201	HAMPSHIRE COL	17,000.00	510.00	17,510.00	34,000.00
			TOTALS:	—	—	—	—
			GRAND TOTAL:	574,697.54	140,698.61	715,396.15	11,140,228.37

2

College and University Loan Trust I

Remittance Report Reconciliation

November-05

Total System Credits @ 11/30	657,378.97
Total Bank Credits	675,828.97
Payment Reversal	—
Funds in transit	(18,450.00	)
ACH Correction	—
Reserve Deposit (Finlandia College)	—
Adjusted Bank Credits:	657,378.97

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

November-05

Total Bank Credits @ 11/30	675,828.97
Total Debits to Trustee@ 11/30	671,456.91
Nov. 05 Service Fees	4,212.06
Property Inspection Fee	160.00
ACH Correction for duplicate deposit	—
Adjusted Debits to Trustee	675,828.97

GMAC Commercial Mortgage

College and University Loan Trust I

Collection Account Activity Report

For the Period of January 1, 2005 through January 31, 2005

Collections:
Principal Payments	396,480.79
Interest Payments	94,232.06
Total Principal and Interest Collections	490,712.85
Payments and Reversals Posted to Suspense	223,508.77
Total Collections	714,221.62
Less: Servicing Fees (not withheld from remittances)	(1,183.86	)
Net Collections	713,037.76

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of January 1, 2005 through January 31, 2005

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
1012005	20003901	COLL. OF CHAR	0	10725	10725	715000	196.63
1012005	20006801	FLORIDA ATLAN	0	1350	1350	90000	24.75
1012005	20009201	JACKSON ST.	50000	2250	52250	150000	41.25
1012005	20012401	MISSISSIPPI V	0	600	600	40000	11.00
1012005	20012801	MONTCLAIR COL	0	2700	2700	180000	49.50
1072005	20018701	SUOMI COLLEGE	6844.16	7231.36	14075.52	2399346.49	109.97
1012005	20020803	UNIV. OF FLOR	113000	1695	114695	113000	31.08
1012005	20021401	U OF NEBRASKA	4000	1380	5380	92000	25.30
1012005	20021603	NORTH CAROLIN	65000	16125	81125	1075000	295.63
1012005	20022401	SOUTH FLORIDA	0	21750	21750	1450000	398.75
		TOTALS:	238,844.16	65,806.36	304,650.52	6,304,346.49	1,183.86

1

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of January 1, 2005 through January 31, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
20020803	1-03-05	114,695.00	113,000.00	1,695.00		1-01-2005
	TOTAL:	114,695.00	113,000.00	1,695.00	—

GMAC Commercial Mortgage

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of January 1, 2005 through January 31, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report	—	0.00	0.00	0
	TOTAL:	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of January 31, 2005

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3	950,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3	135,000.00	11-01-2007
20000601	ALMA COLLEGE	3	290,000.00	4-01-2010
20000902	ANDERSON COLLEGE	3	150,000.00	3-01-2010
20001201	ATLANTIC UNION COLLEGE	3	172,554.67	5-01-2023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3	1,020,000.00	4-01-2016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3	603,000.00	4-01-2017
20001901	BENEDICT COLLEGE SERIES 1974	3	23,000.00	11-01-2006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3	48,000.00	10-01-2006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3	236,000.00	10-01-2010
20002201	BLACK HILLS STATE COLLEGE	3	14,000.00	10-01-2005
20002202	BLACK HILLS STATE COLLEGE	3	34,000.00	10-01-2007
20002401	BOSTON UNIVERITY	3	722,688.80	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3	103,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3	1,320,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3	457,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3	1,435,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3	715,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3	445,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3	296,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3	409,999.99	5-01-2011
20005201	DANIEL WEBSTER COLLEGE	3	260,000.00	4-01-2019
20005801	DRAKE UNIVERSITY	3	730,000.00	10-01-2012
20006401	EMPORIA STATE UNIVERSITY	3	210,000.00	4-01-2009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3	91,336.31	11-01-2020
20006801	FLORIDA ATLANTIC UNIVERSITY	3	90,000.00	7-01-2006
20006901	FLORIDA INST OF TECH, INC	3	17,000.00	2-01-2006
20007201	FOOTHILL COLLEGE	3	40,000.00	10-01-2006
20007902	GRAMBLING COLLEGE	3	175,000.00	10-01-2005
20008201	HAMPSHIRE COLLEGE	3	51,000.00	11-01-2006
20008301	HARCUM COLLEGE	3	500,000.00	11-01-2015
20008401	HAVERFORD COLL.	3.625	310,000.00	11-01-2013
20009201	JACKSON STATE COLLEGE	3	100,000.00	1-01-2007
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3	438,000.00	4-01-2019
20009502	SACRED HEART KANSAS NEWMAN COLLEGE	3	42,000.00	4-01-2006
20009702	KENT STATE UNIVERSITY	3	520,000.00	12-01-2008
20010301	LAREDO MUNICIPAL JR. COLLEGE	3	123,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3	453,999.98	6-01-2016
20010802	LONG ISLAND UNIVERSITY	3.75	103,000.00	10-01-2005
20012001	MICHIGAN STATE UNIVERSITY	3	579,820.97	5-01-2020
20012101	MIDDLEBURY COLLEGE	3	970,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3	40,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3	222,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3	133,000.00	10-01-2008
20012801	MONTCLAIR STATE COLL (NJEFA) SER 77B	3	180,000.00	7-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3	230,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3	84,800.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3	624,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.625	257,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3	795,000.00	4-01-2019
20013801	NORTH CAROLINA STATE UNIVERSITY	3	275,000.00	9-01-2006
20014401	OLD DOMINION UNIVERSITY	3	1,389,999.99	6-01-2013
20016101	RIVERSIDE HOSPITAL	3	81,000.00	4-01-2007

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20016201	RIVIER COLLEGE	3.625	463,000.00	4-01-2014
20016401	CALIFORNIA STATE UNIVERSITY	3	320,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3	670,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3	913,002.78	11-01-2021
20016701	SCRIPPS COLLEGE	3	28,000.00	10-01-2005
20017301	SOUTHEAST MISSOURI STATE UNIV (ESCROW)	3.5	190,000.00	4-01-2005
20017801	SPRINGFIELD COLLEGE	3	97,581.45	5-01-2011
20018001	ST.EDWARDS UNIVERSITY	3.625	136,000.00	4-01-2013
20018302	ST. MICHAELS COLLEGE	3	80,000.00	4-01-2008
20018601	STILLMAN COLLEGE	3	10,000.00	2-01-2007
20018701	FINLANDIA UNIVERSITY	3.5	2,392,502.33	8-06-2014
20018801	SUSQUEHANNA UNIVERSITY	3	40,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.625	285,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3	94,710.81	11-01-2013
20019101	TAYLOR UNIVERISTY	3	340,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.375	328,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3	105,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.625	473,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY	3.375	3,145,000.00	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3	103,000.00	6-01-2021
20020001	UNIVERSITY OF ALABAMA	3	1,486,000.00	5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA	3	270,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3	207,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3	88,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3	1,010,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3	1,350,000.00	4-01-2018
20022401	UNIVERSITY OF SOUTH FLOR./REV CERTS.,83	3	1,450,000.00	7-01-2013
20022601	UNIVERSITY OF STEUBENVILLE	3.375	186,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3	250,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT	3	2,212,000.00	10-01-2019
20023101	VANDERBILT UNIV - 1965 CARMIC TOWERS	3	153,895.00	8-01-2005
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3	333,950.72	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3	980,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3	60,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3	420,000.00	10-01-2017
	Totals:		40,367,843.78

2

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of January 31, 2005

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20010801	LONG ISLAND UNIVERSITY	6-01-2004	8,999.98	453,999.98
20008201	HAMPSHIRE COLLEGE	11-01-2004	17,765.00	51,000.00
20008401	HAVERFORD COLLEGE	11-01-2004	30,618.75	310,000.00
TOTAL			57,383.73	814,999.98

GMAC Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of January 31, 2005

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust I

Collection Account Activity Report

For the Period of February 1, 2005 through February 28, 2005

Collections:
Principal Payments	27,864.78
Interest Payments	13,248.10
Total Principal and Interest Collections	41,112.88
Payments and Reversals Posted to Suspense	82.64
Total Collections	41,195.52
Less: Servicing Fees (not withheld from remittances)	(221.57	)
Net Collections	40,973.95

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of February 1, 2005 through February 28, 2005

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
2012005	20002501	BRYAN COLLEGE	8,000.00	1,545.00	9,545.00	103,000.00	28.33
2012005	20006901	FLORIDA TECH	9,000.00	255.00	9,255.00	17,000.00	4.68
2012005	20010301	LAREDO MUN. J	0.00	1,845.00	1,845.00	123,000.00	33.83
2012005	20018601	STILLMAN COLL	4,000.00	150.00	4,150.00	10,000.00	2.75
2072005	20018701	SUOMI COLLEGE	6,864.78	7,210.74	14,075.52	2,392,502.33	109.66
2012005	20023101	VANDERBLT/GEO	0.00	2,308.42	2,308.42	153,895.00	42.32
		TOTALS:	27,864.78	13,314.16	41,178.94	2,799,397.33	221.57

1

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of February 1, 2005 through February 28, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
None to report this month
	TOTAL:	—	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of February 1, 2005 through February 28, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report	—	0.00	0.00	0
	TOTAL:	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of February 28, 2005

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3.00	950,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	135,000.00	11-01-2007
20000601	ALMA COLLEGE	3.00	290,000.00	4-01-2010
20000902	ANDERSON COLLEGE	3.00	150,000.00	3-01-2010
20001201	ATLANTIC UNION COLLEGE	3.00	172,554.67	5-01-2023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3.00	1,020,000.00	4-01-2016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3.00	603,000.00	4-01-2017
20001901	BENEDICT COLLEGE SERIES 1974	3.00	23,000.00	11-01-2006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3.00	48,000.00	10-01-2006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	236,000.00	10-01-2010
20002201	BLACK HILLS STATE COLLEGE	3.00	14,000.00	10-01-2005
20002202	BLACK HILLS STATE COLLEGE	3.00	34,000.00	10-01-2007
20002401	BOSTON UNIVERITY	3.00	722,688.80	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	95,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,320,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	457,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,435,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	715,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	445,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	296,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	409,999.99	5-01-2011
20005201	DANIEL WEBSTER COLLEGE	3.00	260,000.00	4-01-2019
20005801	DRAKE UNIVERSITY	3.00	730,000.00	10-01-2012
20006401	EMPORIA STATE UNIVERSITY	3.00	210,000.00	4-01-2009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3.00	91,336.31	11-01-2020
20006801	FLORIDA ATLANTIC UNIVERSITY	3.00	90,000.00	7-01-2006
20006901	FLORIDA INST OF TECH, INC	3.00	8,000.00	2-01-2006
20007201	FOOTHILL COLLEGE	3.00	40,000.00	10-01-2006
20007902	GRAMBLING COLLEGE	3.00	175,000.00	10-01-2005
20008201	HAMPSHIRE COLLEGE	3.00	51,000.00	11-01-2006
20008301	HARCUM COLLEGE	3.00	500,000.00	11-01-2015
20008401	HAVERFORD COLL	3.63	310,000.00	11-01-2013
20009201	JACKSON STATE COLLEGE	3.00	100,000.00	1-01-2007
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3.00	438,000.00	4-01-2019
20009502	SACRED HEART KANSAS NEWMAN COLLEGE	3.00	42,000.00	4-01-2006
20009702	KENT STATE UNIVERSITY	3.00	520,000.00	12-01-2008
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	123,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	453,999.98	6-01-2016
20010802	LONG ISLAND UNIVERSITY	3.75	103,000.00	10-01-2005
20012001	MICHIGAN STATE UNIVERSITY	3.00	579,820.97	5-01-2020
20012101	MIDDLEBURY COLLEGE	3.00	970,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	40,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	222,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	133,000.00	10-01-2008
20012801	MONTCLAIR STATE COLL (NJEFA) SER 77B	3.00	180,000.00	7-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	230,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	84,800.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	624,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	257,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	795,000.00	4-01-2019
20013801	NORTH CAROLINA STATE UNIVERSITY	3.00	275,000.00	9-01-2006
20014401	OLD DOMINION UNIVERSITY	3.00	1,389,999.99	6-01-2013
20016101	RIVERSIDE HOSPITAL	3.00	81,000.00	4-01-2007

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20016201	RIVIER COLLEGE	3.63	463,000.00	4-01-2014
20016401	CALIFORNIA STATE UNIVERSITY	3.00	320,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	670,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	913,002.78	11-01-2021
20016701	SCRIPPS COLLEGE	3.00	28,000.00	10-01-2005
20017301	SOUTHEAST MISSOURI STATE UNIV (ESCROW)	3.50	190,000.00	4-01-2005
20017801	SPRINGFIELD COLLEGE	3.00	97,581.45	5-01-2011
20018001	ST.EDWARDS UNIVERSITY	3.63	136,000.00	4-01-2013
20018302	ST. MICHAELS COLLEGE	3.00	80,000.00	4-01-2008
20018601	STILLMAN COLLEGE	3.00	6,000.00	2-01-2007
20018701	FINLANDIA UNIVERSITY	3.50	2,385,637.55	8-06-2014
20018801	SUSQUEHANNA UNIVERSITY	3.00	40,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	285,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	94,710.81	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	340,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	328,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	105,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	473,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY	3.38	3,145,000.00	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3.00	103,000.00	6-01-2021
20020001	UNIVERSITY OF ALABAMA	3.00	1,486,000.00	5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA	3.00	270,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	207,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	88,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	1,010,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3.00	1,350,000.00	4-01-2018
20022401	UNIVERSITY OF SOUTH FLOR./REV CERTS.,83	3.00	1,450,000.00	7-01-2013
20022601	UNIVERSITY OF STEUBENVILLE	3.38	186,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3.00	250,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT	3.00	2,212,000.00	10-01-2019
20023101	VANDERBILT UNIV - 1965 CARMIC TOWERS	3.00	153,895.00	8-01-2005
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	333,950.72	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	980,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	60,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	420,000.00	10-01-2017
	Totals:		40,339,979.00

2

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of February 28, 2005

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20010801	LONG ISLAND UNIVERSITY	6-01-2004	8,999.98	453,999.98
20008201	HAMPSHIRE COLLEGE	11-01-2004	17,765.00	51,000.00
20008401	HAVERFORD COLLEGE	11-01-2004	30,618.75	310,000.00
TOTAL			57,383.73	814,999.98

GMAC Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of February 28, 2005

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust I

Collection Account Activity Report

For the Period of March 1, 2005 through March 31, 2005

Collections:
Principal Payments	737,581.28
Interest Payments	76,596.88
Total Principal and Interest Collections	814,178.16
Payments and Reversals Posted to Suspense	(308,393.50	)
Total Collections	505,784.66
Less: Servicing Fees (not withheld from remittances)	(1,221.18	)
Net Collections	504,563.48

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of March 1, 2005 through March 31, 2005

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
3012005	20000902	ANDERSON COLL	25,000.00	2,250.00	27,250.00	150,000.00	41.25
3012005	20013801	NORTH CAROLIN	0.00	4,125.00	4,125.00	275,000.00	75.63
3072005	20018701	SUOMI COLLEGE	7,581.28	6,494.24	14,075.52	2,385,637.55	109.34
3012005	20019502	TEXAS TECH UN	45,000.00	8,573.12	53,573.12	473,000.00	130.08
3012005	20019504	TEXAS TECH UN	350,000.00	53,071.88	403,071.88	3,145,000.00	864.88
		TOTALS:	427,581.28	74,514.24	502,095.52	6,428,637.55	1,221.18

1

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of March 1, 2005 through March 31, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
20008401	5-03-31	310,000.00	310,000.00	0.00	1,400.00	11-01-2013
	TOTAL:	310,000.00	310,000.00	—	1,400.00

GMAC Commercial Mortgage

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of March 1, 2005 through March 31, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report	—	0.00	0.00	0
	TOTAL:	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of March 31, 2005

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3.00	950,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	135,000.00	11-01-2007
20000601	ALMA COLLEGE	3.00	290,000.00	4-01-2010
20000902	ANDERSON COLLEGE	3.00	125,000.00	3-01-2010
20001201	ATLANTIC UNION COLLEGE	3.00	172,554.67	5-01-2023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3.00	1,020,000.00	4-01-2016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3.00	603,000.00	4-01-2017
20001901	BENEDICT COLLEGE SERIES 1974	3.00	23,000.00	11-01-2006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3.00	48,000.00	10-01-2006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	236,000.00	10-01-2010
20002201	BLACK HILLS STATE COLLEGE	3.00	14,000.00	10-01-2005
20002202	BLACK HILLS STATE COLLEGE	3.00	34,000.00	10-01-2007
20002401	BOSTON UNIVERITY	3.00	722,688.80	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	95,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,320,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	457,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,435,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	715,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	445,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	296,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	409,999.99	5-01-2011
20005201	DANIEL WEBSTER COLLEGE	3.00	260,000.00	4-01-2019
20005801	DRAKE UNIVERSITY	3.00	730,000.00	10-01-2012
20006401	EMPORIA STATE UNIVERSITY	3.00	210,000.00	4-01-2009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3.00	91,336.31	11-01-2020
20006801	FLORIDA ATLANTIC UNIVERSITY	3.00	90,000.00	7-01-2006
20006901	FLORIDA INST OF TECH, INC	3.00	8,000.00	2-01-2006
20007201	FOOTHILL COLLEGE	3.00	40,000.00	10-01-2006
20007902	GRAMBLING COLLEGE	3.00	175,000.00	10-01-2005
20008201	HAMPSHIRE COLLEGE	3.00	51,000.00	11-01-2006
20008301	HARCUM COLLEGE	3.00	500,000.00	11-01-2015
20009201	JACKSON STATE COLLEGE	3.00	100,000.00	1-01-2007
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3.00	438,000.00	4-01-2019
20009502	SACRED HEART KANSAS NEWMAN COLLEGE	3.00	42,000.00	4-01-2006
20009702	KENT STATE UNIVERSITY	3.00	520,000.00	12-01-2008
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	123,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	453,999.98	6-01-2016
20010802	LONG ISLAND UNIVERSITY	3.75	103,000.00	10-01-2005
20012001	MICHIGAN STATE UNIVERSITY	3.00	579,820.97	5-01-2020
20012101	MIDDLEBURY COLLEGE	3.00	970,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	40,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	222,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	133,000.00	10-01-2008
20012801	MONTCLAIR STATE COLL (NJEFA) SER 77B	3.00	180,000.00	7-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	230,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	84,800.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	624,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	257,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	795,000.00	4-01-2019
20013801	NORTH CAROLINA STATE UNIVERSITY	3.00	275,000.00	9-01-2006
20014401	OLD DOMINION UNIVERSITY	3.00	1,389,999.99	6-01-2013
20016101	RIVERSIDE HOSPITAL	3.00	81,000.00	4-01-2007
20016201	RIVIER COLLEGE	3.63	463,000.00	4-01-2014

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20016401	CALIFORNIA STATE UNIVERSITY	3.00	320,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	670,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	913,002.78	11-01-2021
20016701	SCRIPPS COLLEGE	3.00	28,000.00	10-01-2005
20017301	SOUTHEAST MISSOURI STATE UNIV (ESCROW)	3.50	190,000.00	4-01-2005
20017801	SPRINGFIELD COLLEGE	3.00	97,581.45	5-01-2011
20018001	ST.EDWARDS UNIVERSITY	3.63	136,000.00	4-01-2013
20018302	ST. MICHAELS COLLEGE	3.00	80,000.00	4-01-2008
20018601	STILLMAN COLLEGE	3.00	6,000.00	2-01-2007
20018701	FINLANDIA UNIVERSITY	3.50	2,378,056.27	8-06-2014
20018801	SUSQUEHANNA UNIVERSITY	3.00	40,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	285,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	94,710.81	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	340,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	328,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	105,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	428,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY	3.38	2,795,000.00	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3.00	103,000.00	6-01-2021
20020001	UNIVERSITY OF ALABAMA	3.00	1,486,000.00	5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA	3.00	270,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	207,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	88,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	1,010,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3.00	1,350,000.00	4-01-2018
20022401	UNIVERSITY OF SOUTH FLOR./REV CERTS.,83	3.00	1,450,000.00	7-01-2013
20022601	UNIVERSITY OF STEUBENVILLE	3.38	186,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3.00	250,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT	3.00	2,212,000.00	10-01-2019
20023101	VANDERBILT UNIV - 1965 CARMIC TOWERS	3.00	153,895.00	8-01-2005
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	333,950.72	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	980,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	60,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	420,000.00	10-01-2017

2

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of March 31, 2005

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20010801	LONG ISLAND UNIVERSITY	6-01-2004	8,999.98	453,999.98
20008201	HAMPSHIRE COLLEGE	11-01-2004	17,765.00	51,000.00
TOTAL			26,764.98	504,999.98

GMAC Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of March 31, 2005

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust I

Collection Account Activity Report

For the Period of April 1, 2005 through April 30, 2005

Collections:
Principal Payments	1,068,520.94
Interest Payments	281,477.05
Total Principal and Interest Collections	1,349,997.99
Payments and Reversals Posted to Suspense	(1,689.14	)
Total Collections	1,348,308.85
Less: Servicing Fees (not withheld from remittances)	(4,466.41	)
Net Collections	1,343,842.44

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of April 1, 2005 through April 30, 2005

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
4012005	20000101	ALBION COLLEG	0.00	14,250.00	14,250.00	950,000.00	261.25
4012005	20000601	ALMA COLLEGE	45,000.00	4,350.00	49,350.00	290,000.00	79.75
4012005	20001301	AUGSBERG COLL	70,000.00	15,300.00	85,300.00	1,020,000.00	280.50
4012005	20001401	AZUSA UNIVERS	40,000.00	9,045.00	49,045.00	603,000.00	165.83
4012005	20002101	BIRMINGHAM SO	0.00	720.00	720.00	48,000.00	13.20
4012005	20002102	BIRMINGHAM SO	0.00	3,540.00	3,540.00	236,000.00	64.90
4012005	20002201	BLACKS HILLS	0.00	210.00	210.00	14,000.00	3.85
4012005	20002202	BLACKS HILLS	0.00	510.00	510.00	34,000.00	9.35
4012005	20003001	CASE WESTERN	100,000.00	21,525.00	121,525.00	1,435,000.00	394.63
4012005	20004001	COLL.OF ST. T	30,000.00	6,675.00	36,675.00	445,000.00	122.38
4012005	20004401	R.I. JR. COLL	10,000.00	4,440.00	14,440.00	296,000.00	81.40
4012005	20005201	DANIEL WEBSTE	15,000.00	3,900.00	18,900.00	260,000.00	71.50
4012005	20005801	DRAKE UNIV.	40,000.00	10,950.00	50,950.00	730,000.00	200.75
4012005	20006401	KS.ST.TEACHER	40,000.00	3,150.00	43,150.00	210,000.00	57.75
4012005	20007201	FOOTHILL JUNI	0.00	600.00	600.00	40,000.00	11.00
4012005	20007902	GRAMBLING	0.00	2,625.00	2,625.00	175,000.00	48.13
4012005	20009302	JARVIS CHRIST	25,000.00	6,570.00	31,570.00	438,000.00	120.45
4012005	20009502	SACRED HEART	21,000.00	630.00	21,630.00	42,000.00	11.55
4012005	20010802	LONG ISLAND U	0.00	1,931.25	1,931.25	103,000.00	28.33
4012005	20012101	MIDDLEBURY CO	40,000.00	14,550.00	54,550.00	970,000.00	266.75
4012005	20012601	MISSOURI WEST	0.00	1,995.00	1,995.00	133,000.00	36.58
4012005	20012901	MONTEREY JR C	0.00	3,450.00	3,450.00	230,000.00	63.25
4012005	20013501	NEW ENGLAND C	0.00	4,676.25	4,676.25	257,999.99	70.95
4012005	20013502	NEW ENGLAND C	45,000.00	11,925.00	56,925.00	795,000.00	218.63
4012005	20016101	RIVERSIDE HOS	30,000.00	1,215.00	31,215.00	111,000.00	30.53		4/1/2005 receivable delq
4012005	20016201	RIVIER COLLEG	40,000.00	8,391.88	48,391.88	463,000.00	127.33
4012005	20016701	SCRIPPS COLLE	0.00	420.00	420.00	28,000.00	7.70
4012005	20017301	S.E. MISSOURI	190,000.00	3,325.00	193,325.00	190,000.00	52.25
4012005	20018001	ST.EDWARDS	13,000.00	2,465.00	15,465.00	136,000.00	37.40
4012005	20018302	ST. MICHAELS	25,000.00	1,200.00	26,200.00	80,000.00	22.00
4072005	20018701	SUOMI COLLEGE	6,908.32	7,167.20	14,075.52	2,378,056.27	108.99
4012005	20019101	TAYLOR UNIV.	0.00	5,100.00	5,100.00	340,000.00	93.50
4012005	20019401	TEXAS COLLEGE	35,000.00	1,575.00	36,575.00	105,000.00	28.88
4012005	20021001	UNIV HAWAII	0.00	4,050.00	4,050.00	270,000.00	74.25
4012005	20021701	UNIV. OF NOTR	80,000.00	20,250.00	100,250.00	1,350,000.00	371.25
4012005	20022601	UNIV.OF STEUB	20,000.00	3,138.75	23,138.75	186,000.00	51.15
4012005	20022602	UNIV.OF STEUB	16,000.00	3,750.00	19,750.00	250,000.00	68.75
4012005	20022701	UNIV OF VERMO	59,000.00	33,180.00	92,180.00	2,212,000.00	608.30
4012005	20023601	WSTRN WASH. S	0.00	900.00	900.00	60,000.00	16.50
4012005	20023901	XAVIER UNIV.	0.00	6,300.00	6,300.00	420,000.00	115.50
		TOTALS:	1,035,908.32	249,945.33	1,285,853.65	18,334,056.26	4,496.94
							(30.53	)	4/2005 receivable delq.
							4,466.41

1

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of April 1, 2005 through April 30, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
20017301	4-01-05	193,325.00	190,000.00	3,325.00	0.00	4-01-2005
	TOTAL:	193,325.00	190,000.00	3,325.00	—

GMAC Commercial Mortgage

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of April 1, 2005 through April 30, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report	—	0.00	0.00	0
	TOTAL:	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of April 30, 2005

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3.00	950,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	135,000.00	11-01-2007
20000601	ALMA COLLEGE	3.00	245,000.00	4-01-2010
20000902	ANDERSON COLLEGE	3.00	125,000.00	3-01-2010
20001201	ATLANTIC UNION COLLEGE	3.00	172,554.67	5-01-2023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3.00	950,000.00	4-01-2016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3.00	563,000.00	4-01-2017
20001901	BENEDICT COLLEGE SERIES 1974	3.00	23,000.00	11-01-2006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3.00	48,000.00	10-01-2006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	236,000.00	10-01-2010
20002201	BLACK HILLS STATE COLLEGE	3.00	14,000.00	10-01-2005
20002202	BLACK HILLS STATE COLLEGE	3.00	34,000.00	10-01-2007
20002401	BOSTON UNIVERITY	3.00	722,688.80	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	95,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,320,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	442,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,335,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	715,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	415,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	286,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	409,999.99	5-01-2011
20005201	DANIEL WEBSTER COLLEGE	3.00	245,000.00	4-01-2019
20005801	DRAKE UNIVERSITY	3.00	690,000.00	10-01-2012
20006401	EMPORIA STATE UNIVERSITY	3.00	170,000.00	4-01-2009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3.00	91,336.31	11-01-2020
20006801	FLORIDA ATLANTIC UNIVERSITY	3.00	90,000.00	7-01-2006
20006901	FLORIDA INST OF TECH, INC	3.00	8,000.00	2-01-2006
20007201	FOOTHILL COLLEGE	3.00	40,000.00	10-01-2006
20007902	GRAMBLING COLLEGE	3.00	175,000.00	10-01-2005
20008201	HAMPSHIRE COLLEGE	3.00	51,000.00	11-01-2006
20008301	HARCUM COLLEGE	3.00	500,000.00	11-01-2015
20009201	JACKSON STATE COLLEGE	3.00	100,000.00	1-01-2007
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3.00	413,000.00	4-01-2019
20009502	SACRED HEART KANSAS NEWMAN COLLEGE	3.00	21,000.00	4-01-2006
20009702	KENT STATE UNIVERSITY	3.00	520,000.00	12-01-2008
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	123,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	453,999.98	6-01-2016
20010802	LONG ISLAND UNIVERSITY	3.75	103,000.00	10-01-2005
20012001	MICHIGAN STATE UNIVERSITY	3.00	564,992.44	5-01-2020
20012101	MIDDLEBURY COLLEGE	3.00	930,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	40,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	222,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	133,000.00	10-01-2008
20012801	MONTCLAIR STATE COLL (NJEFA) SER 77B	3.00	180,000.00	7-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	230,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	84,800.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	624,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	257,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	750,000.00	4-01-2019
20013801	NORTH CAROLINA STATE UNIVERSITY	3.00	275,000.00	9-01-2006
20014401	OLD DOMINION UNIVERSITY	3.00	1,389,999.99	6-01-2013
20016101	RIVERSIDE HOSPITAL	3.00	81,000.00	4-01-2007
20016201	RIVIER COLLEGE	3.63	423,000.00	4-01-2014

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20016401	CALIFORNIA STATE UNIVERSITY	3.00	320,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	670,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	891,418.08	11-01-2021
20016701	SCRIPPS COLLEGE	3.00	28,000.00	10-01-2005
20017801	SPRINGFIELD COLLEGE	3.00	90,727.26	5-01-2011
20018001	ST.EDWARDS UNIVERSITY	3.63	123,000.00	4-01-2013
20018302	ST. MICHAELS COLLEGE	3.00	55,000.00	4-01-2008
20018601	STILLMAN COLLEGE	3.00	6,000.00	2-01-2007
20018701	FINLANDIA UNIVERSITY	3.50	2,371,147.95	8-06-2014
20018801	SUSQUEHANNA UNIVERSITY	3.00	40,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	285,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	90,365.61	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	340,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	328,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	70,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	428,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY	3.38	2,795,000.00	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3.00	103,000.00	6-01-2021
20020001	UNIVERSITY OF ALABAMA	3.00	1,486,000.00	5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA	3.00	270,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	207,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	88,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	1,010,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3.00	1,270,000.00	4-01-2018
20022401	UNIVERSITY OF SOUTH FLOR./REV CERTS.,83	3.00	1,450,000.00	7-01-2013
20022601	UNIVERSITY OF STEUBENVILLE	3.38	166,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3.00	234,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT	3.00	2,153,000.00	10-01-2019
20023101	VANDERBILT UNIV - 1965 CARMIC TOWERS	3.00	153,895.00	8-01-2005
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	333,950.72	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	980,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	60,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	420,000.00	10-01-2017

2

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of April 30, 2005

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20010801	LONG ISLAND UNIVERSITY	6-01-2004	8,999.98	453,999.98
20008201	HAMPSHIRE COLLEGE	11-01-2004	17,765.00	51,000.00
TOTAL			26,764.98	504,999.98

GMAC Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of April 30, 2005

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust I

Collection Account Activity Report

For the Period of May 1, 2005 through May 31, 2005

Collections:
Principal Payments	1,573,406.57
Interest Payments	158,371.84
Total Principal and Interest Collections	1,731,778.41
Payments and Reversals Posted to Suspense	—
Total Collections	1,731,778.41
Less: Servicing Fees (not withheld from remittances)	(2,863.94	)
Net Collections	1,728,914.47

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of May 1, 2005 through May 31, 2005

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
5012005	20000401	ALFRED UNIVER	0.00	2,025.00	2,025.00	135,000.00	37.13
5012005	20001201	ATLANTIC UNIO	3,402.12	2,588.32	5,990.44	172,554.67	47.45
5012005	20001901	THE BENEDICT	0.00	345.00	345.00	23,000.00	6.33
5012005	20002701	CALIFORNIA ST	0.00	19,800.00	19,800.00	1,320,000.00	363.00
5012005	20002801	CARNEGIE-MELL	15,000.00	6,855.00	21,855.00	457,000.00	125.68
5012005	20004501	CONCORDIA TEA	30,000.00	6,150.00	36,150.00	409,999.99	112.75
5012005	20006502	FAIRLEIGH DIC	2,244.78	1,370.04	3,614.82	91,336.31	25.12
5012005	20008201	HAMPSHIRE COL	0.00	510.00	510.00	34,000.00	9.35		Delinquent for 5/1/05
5012005	20008301	HARCUM JR COL	0.00	7,500.00	7,500.00	500,000.00	137.50
5012005	20008401	HAVERFORD COL	0.00	5,165.63	5,165.63	285,000.00	78.38
5012005	20012001	MSU HOUSING	14,828.53	8,697.31	23,525.84	579,820.97	159.45
5012005	20013301	MORRIS COLLEG	0.00	9,360.00	9,360.00	624,000.00	171.60
5012005	20016401	CALIFORNIA ST	0.00	4,800.00	4,800.00	320,000.00	88.00
5012005	20016501	CALIFORNIA ST	0.00	10,050.00	10,050.00	670,000.00	184.25
5012005	20016601	SARAH LAWRENC	21,584.70	13,695.04	35,279.74	913,002.78	251.08
5012005	20017801	SPRINGFIELD C	6,854.19	1,463.71	8,317.90	97,581.45	26.83
5072005	20018701	SUOMI COLLEGE	7,159.67	6,915.85	14,075.52	2,371,147.95	108.68
5012005	20018801	SUSQUEHANNA U	0.00	600.00	600.00	40,000.00	11.00
5012005	20018802	SUSQUEHANNA U	0.00	5,165.63	5,165.63	285,000.00	78.38
5012005	20018901	SWARTHMORE CO	4,345.20	1,420.66	5,765.86	94,710.81	26.05
5012005	20019201	TEMPLE UNIV.	0.00	5,535.00	5,535.00	328,000.00	90.20
5012005	20020001	UNIV. OF ALAB	70,000.00	22,290.00	92,290.00	1,486,000.00	408.65
5012005	20021301	UNIV OF MONTE	8,000.00	3,105.00	11,105.00	207,000.00	56.93
5012005	20023501	WSTRN MARYLAN	0.00	14,700.00	14,700.00	980,000.00	269.50
		TOTALS:	183,419.19	160,107.19	343,526.38	12,424,154.93	2,873.29
							(9.35	)	delinquency
							2,863.94

1

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of May 1, 2005 through May 31, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
20022401	5-05-25	1,471,750.00	1,450,000.00	21,750.00		7012013
	TOTAL:	1,471,750.00	1,450,000.00	21,750.00	—

GMAC Commercial Mortgage

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of May 1, 2005 through May 31, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report	—	0.00	0.00	0
	TOTAL:	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of May 31, 2005

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3.00	950,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	135,000.00	11-01-2007
20000601	ALMA COLLEGE	3.00	245,000.00	4-01-2010
20000902	ANDERSON COLLEGE	3.00	125,000.00	3-01-2010
20001201	ATLANTIC UNION COLLEGE	3.00	169,152.55	5-01-2023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3.00	950,000.00	4-01-2016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3.00	563,000.00	4-01-2017
20001901	BENEDICT COLLEGE SERIES 1974	3.00	23,000.00	11-01-2006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3.00	48,000.00	10-01-2006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	236,000.00	10-01-2010
20002201	BLACK HILLS STATE COLLEGE	3.00	14,000.00	10-01-2005
20002202	BLACK HILLS STATE COLLEGE	3.00	34,000.00	10-01-2007
20002401	BOSTON UNIVERITY	3.00	722,688.80	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	95,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,320,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	442,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,335,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	715,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	415,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	286,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	379,999.99	5-01-2011
20005201	DANIEL WEBSTER COLLEGE	3.00	245,000.00	4-01-2019
20005801	DRAKE UNIVERSITY	3.00	690,000.00	10-01-2012
20006401	EMPORIA STATE UNIVERSITY	3.00	170,000.00	4-01-2009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3.00	89,091.53	11-01-2020
20006801	FLORIDA ATLANTIC UNIVERSITY	3.00	90,000.00	7-01-2006
20006901	FLORIDA INST OF TECH, INC	3.00	8,000.00	2-01-2006
20007201	FOOTHILL COLLEGE	3.00	40,000.00	10-01-2006
20007902	GRAMBLING COLLEGE	3.00	175,000.00	10-01-2005
20008201	HAMPSHIRE COLLEGE	3.00	51,000.00	11-01-2006
20008301	HARCUM COLLEGE	3.00	500,000.00	11-01-2015
20009201	JACKSON STATE COLLEGE	3.00	100,000.00	1-01-2007
20009302	JARVIS CHRISTIAN COLLEGE — BND 69A	3.00	413,000.00	4-01-2019
20009502	SACRED HEART KANSAS NEWMAN COLLEGE	3.00	21,000.00	4-01-2006
20009702	KENT STATE UNIVERSITY	3.00	520,000.00	12-01-2008
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	123,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	453,999.98	6-01-2016
20010802	LONG ISLAND UNIVERSITY	3.75	103,000.00	10-01-2005
20012001	MICHIGAN STATE UNIVERSITY	3.00	564,992.44	5-01-2020
20012101	MIDDLEBURY COLLEGE	3.00	930,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	40,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	222,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	133,000.00	10-01-2008
20012801	MONTCLAIR STATE COLL (NJEFA) SER 77B	3.00	180,000.00	7-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	230,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	82,200.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	624,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	257,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	750,000.00	4-01-2019
20013801	NORTH CAROLINA STATE UNIVERSITY	3.00	275,000.00	9-01-2006
20014401	OLD DOMINION UNIVERSITY	3.00	1,389,999.99	6-01-2013
20016101	RIVERSIDE HOSPITAL	3.00	81,000.00	4-01-2007
20016201	RIVIER COLLEGE	3.63	423,000.00	4-01-2014

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20016401	CALIFORNIA STATE UNIVERSITY	3.00	320,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	670,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	891,418.08	11-01-2021
20016701	SCRIPPS COLLEGE	3.00	28,000.00	10-01-2005
20017801	SPRINGFIELD COLLEGE	3.00	90,727.26	5-01-2011
20018001	ST.EDWARDS UNIVERSITY	3.63	123,000.00	4-01-2013
20018302	ST. MICHAELS COLLEGE	3.00	55,000.00	4-01-2008
20018601	STILLMAN COLLEGE	3.00	6,000.00	2-01-2007
20018701	FINLANDIA UNIVERSITY	3.50	2,363,988.28	8-06-2014
20018801	SUSQUEHANNA UNIVERSITY	3.00	40,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	285,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	90,365.61	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	340,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	328,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	70,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	428,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY	3.38	2,795,000.00	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3.00	103,000.00	6-01-2021
20020001	UNIVERSITY OF ALABAMA	3.00	1,416,000.00	5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA	3.00	270,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	199,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	88,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	1,010,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3.00	1,270,000.00	4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE	3.38	166,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3.00	234,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT	3.00	2,153,000.00	10-01-2019
20023101	VANDERBILT UNIV - 1965 CARMIC TOWERS	3.00	153,895.00	8-01-2005
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	333,950.72	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	980,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	60,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	420,000.00	10-01-2017
	Totals:		36,960,470.21

2

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of May 31, 2005

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20010801	LONG ISLAND UNIVERSITY	6-01-2004	8,999.98	453,999.98
20008201	HAMPSHIRE COLLEGE	11-01-2004	17,765.00	51,000.00
20016101	RIVERSIDE HOSPITAL	4-01-2005	30,000.00	81,000.00
TOTAL			56,764.98	585,999.98

GMAC Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of May 31, 2005

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust I

Collection Account Activity Report

For the Period of June 1, 2005 through June 30, 2005

Collections:
Principal Payments	227,171.92
Interest Payments	63,189.39
Total Principal and Interest Collections	290,361.31
Payments and Reversals Posted to Suspense	—
Total Collections	290,361.31
Less: Servicing Fees (not withheld from remittances)	(1,162.00	)
Net Collections	289,199.31

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of June 1, 2005 through June 30, 2005

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
6302005	20002401	BOSTON UNIVER	15,286.59	10,840.33	26,126.92	722,688.80	198.74
6012005	20009702	KENT STATE	0.00	7,800.00	7,800.00	520,000.00	143.00
6012005	20010801	LONG ISLAND U	30,000.00	6,675.00	36,675.00	453,999.98	124.85
6012005	20012501	MISSOURI SOUT	0.00	3,345.00	3,345.00	222,999.99	61.32
6012005	20013001	MONTREAT-ANDE	2,600.00	1,272.00	3,872.00	84,800.00	23.32
6012005	20014401	DOMNION UNIV.	135,000.00	20,850.00	155,850.00	1,389,999.99	382.25
6072005	20018701	SUOMI COLLEGE	6,950.72	7,124.80	14,075.52	2,363,988.28	108.35
6012005	20019601	TOUGALOO COLL	5,000.00	1,545.00	6,545.00	103,000.00	28.33
6302005	20023102	VANDERBLT/GEO	34,934.61	5,009.26	39,943.87	333,950.72	91.84
		TOTALS:	229,771.92	64,461.39	294,233.31	6,195,427.76	1,162.00
							—	Delinquency
							1,162.00

1

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of June 1, 2005 through June 30, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
	TOTAL:	—	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of June 1, 2005 through June 30, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report	—	0.00	0.00	0
	TOTAL:	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of June 30, 2005

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3.00	950,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	135,000.00	11-01-2007
20000601	ALMA COLLEGE	3.00	245,000.00	4-01-2010
20000902	ANDERSON COLLEGE	3.00	125,000.00	3-01-2010
20001201	ATLANTIC UNION COLLEGE	3.00	169,152.55	5-01-2023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3.00	950,000.00	4-01-2016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3.00	563,000.00	4-01-2017
20001901	BENEDICT COLLEGE SERIES 1974	3.00	23,000.00	11-01-2006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3.00	48,000.00	10-01-2006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	236,000.00	10-01-2010
20002201	BLACK HILLS STATE COLLEGE	3.00	14,000.00	10-01-2005
20002202	BLACK HILLS STATE COLLEGE	3.00	34,000.00	10-01-2007
20002401	BOSTON UNIVERITY	3.00	707,402.21	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	95,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,320,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	442,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,335,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	715,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	415,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	286,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	379,999.99	5-01-2011
20005201	DANIEL WEBSTER COLLEGE	3.00	245,000.00	4-01-2019
20005801	DRAKE UNIVERSITY	3.00	690,000.00	10-01-2012
20006401	EMPORIA STATE UNIVERSITY	3.00	170,000.00	4-01-2009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3.00	89,091.53	11-01-2020
20006801	FLORIDA ATLANTIC UNIVERSITY	3.00	90,000.00	7-01-2006
20006901	FLORIDA INST OF TECH, INC	3.00	8,000.00	2-01-2006
20007201	FOOTHILL COLLEGE	3.00	40,000.00	10-01-2006
20007902	GRAMBLING COLLEGE	3.00	175,000.00	10-01-2005
20008201	HAMPSHIRE COLLEGE	3.00	51,000.00	11-01-2006
20008301	HARCUM COLLEGE	3.00	500,000.00	11-01-2015
20009201	JACKSON STATE COLLEGE	3.00	100,000.00	1-01-2007
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3.00	413,000.00	4-01-2019
20009502	SACRED HEART KANSAS NEWMAN COLLEGE	3.00	21,000.00	4-01-2006
20009702	KENT STATE UNIVERSITY	3.00	520,000.00	12-01-2008
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	123,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	423,999.98	6-01-2016
20010802	LONG ISLAND UNIVERSITY	3.75	103,000.00	10-01-2005
20012001	MICHIGAN STATE UNIVERSITY	3.00	564,992.44	5-01-2020
20012101	MIDDLEBURY COLLEGE	3.00	930,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	40,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	222,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	133,000.00	10-01-2008
20012801	MONTCLAIR STATE COLL (NJEFA) SER 77B	3.00	180,000.00	7-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	230,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	82,200.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	624,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	257,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	750,000.00	4-01-2019
20013801	NORTH CAROLINA STATE UNIVERSITY	3.00	275,000.00	9-01-2006
20014401	OLD DOMINION UNIVERSITY	3.00	1,254,999.99	6-01-2013
20016101	RIVERSIDE HOSPITAL	3.00	81,000.00	4-01-2007
20016201	RIVIER COLLEGE	3.63	423,000.00	4-01-2014

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20016401	CALIFORNIA STATE UNIVERSITY	3.00	320,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	670,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	891,418.08	11-01-2021
20016701	SCRIPPS COLLEGE	3.00	28,000.00	10-01-2005
20017801	SPRINGFIELD COLLEGE	3.00	90,727.26	5-01-2011
20018001	ST.EDWARDS UNIVERSITY	3.63	123,000.00	4-01-2013
20018302	ST. MICHAELS COLLEGE	3.00	55,000.00	4-01-2008
20018601	STILLMAN COLLEGE	3.00	6,000.00	2-01-2007
20018701	FINLANDIA UNIVERSITY	3.50	2,357,037.56	8-06-2014
20018801	SUSQUEHANNA UNIVERSITY	3.00	40,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	285,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	90,365.61	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	340,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	328,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	70,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	428,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY	3.38	2,795,000.00	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3.00	98,000.00	6-01-2021
20020001	UNIVERSITY OF ALABAMA	3.00	1,416,000.00	5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA	3.00	270,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	199,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	88,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	1,010,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3.00	1,270,000.00	4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE	3.38	166,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3.00	234,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT	3.00	2,153,000.00	10-01-2019
20023101	VANDERBILT UNIV - 1965 CARMIC TOWERS	3.00	153,895.00	8-01-2005
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	299,016.11	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	980,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	60,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	420,000.00	10-01-2017
	Totals:		36,733,298.29

2

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of June 30, 2005

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20008201	HAMPSHIRE COLLEGE	11-01-2004	17,765.00	51,000.00
20016101	RIVERSIDE HOSPITAL	4-01-2005	30,000.00	81,000.00
TOTAL			47,765.00	132,000.00

GMAC Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of June 30, 2005

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust I

Collection Account Activity Report

For the Period of July 1, 2005 through July 31, 2005

Collections:
Principal Payments	687,193.27
Interest Payments	43,044.65
Total Principal and Interest Collections	730,237.92
Payments and Reversals Posted to Suspense	—
Total Collections	730,237.92
Less: Servicing Fees (not withheld from remittances)	(1,068.61	)
Net Collections	729,169.31

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of July 1, 2005 through July 31, 2005

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
7012005	20003901	COLL. OF CHAR	55,000.00	10,725.00	65,725.00	715,000.00	196.63
7012005	20006801	FLORIDA ATLAN	45,000.00	1,350.00	46,350.00	90,000.00	24.75
7012005	20009201	JACKSON ST.	0.00	1,500.00	1,500.00	100,000.00	27.50
7012005	20012401	MISSISSIPPI V	10,000.00	600.00	10,600.00	40,000.00	11.00
7012005	20012801	MONTCLAIR COL	43,000.00	2,700.00	45,700.00	223,000.00	61.33		Delinquent
7072005	20018701	SUOMI COLLEGE	7,200.83	6,874.69	14,075.52	2,357,037.56	108.03		Divide by 12, not 2
7012005	20020803	UNIV. OF FLOR	0.00	1,695.00	1,695.00	0.00	0.00
7012005	20021401	U OF NEBRASKA	5,000.00	1,320.00	6,320.00	88,000.00	24.20
7012005	20021603	NORTH CAROLIN	0.00	15,150.00	15,150.00	1,010,000.00	277.75
7012005	20022401	SOUTH FLORIDA	145,000.00	21,750.00	166,750.00	1,450,000.00	398.75
		TOTALS:	310,200.83	63,664.69	373,865.52	6,073,037.56	1,129.94
							(61.33	)
							1,068.61

1

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of July 1, 2005 through July 31, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
20012001	5-07-06	567,817.40	564,992.44	2,824.96	—	5012020
	TOTAL:	567,817.40	564,992.44	2,824.96	—

GMAC Commercial Mortgage

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of July 1, 2005 through July 31, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report	—	0.00	0.00	0
	TOTAL:	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of July 31, 2005

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3.00	950,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	135,000.00	11-01-2007
20000601	ALMA COLLEGE	3.00	245,000.00	4-01-2010
20000902	ANDERSON COLLEGE	3.00	125,000.00	3-01-2010
20001201	ATLANTIC UNION COLLEGE	3.00	169,152.55	5-01-2023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3.00	950,000.00	4-01-2016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3.00	563,000.00	4-01-2017
20001901	BENEDICT COLLEGE SERIES 1974	3.00	23,000.00	11-01-2006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3.00	48,000.00	10-01-2006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	236,000.00	10-01-2010
20002201	BLACK HILLS STATE COLLEGE	3.00	14,000.00	10-01-2005
20002202	BLACK HILLS STATE COLLEGE	3.00	34,000.00	10-01-2007
20002401	BOSTON UNIVERITY	3.00	707,402.21	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	95,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,320,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	442,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,335,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	660,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	415,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	286,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	379,999.99	5-01-2011
20005201	DANIEL WEBSTER COLLEGE	3.00	245,000.00	4-01-2019
20005801	DRAKE UNIVERSITY	3.00	690,000.00	10-01-2012
20006401	EMPORIA STATE UNIVERSITY	3.00	170,000.00	4-01-2009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3.00	89,091.53	11-01-2020
20006801	FLORIDA ATLANTIC UNIVERSITY	3.00	45,000.00	7-01-2006
20006901	FLORIDA INST OF TECH, INC	3.00	8,000.00	2-01-2006
20007201	FOOTHILL COLLEGE	3.00	40,000.00	10-01-2006
20007902	GRAMBLING COLLEGE	3.00	175,000.00	10-01-2005
20008201	HAMPSHIRE COLLEGE	3.00	51,000.00	11-01-2006
20008301	HARCUM COLLEGE	3.00	500,000.00	11-01-2015
20009201	JACKSON STATE COLLEGE	3.00	100,000.00	1-01-2007
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3.00	413,000.00	4-01-2019
20009502	SACRED HEART KANSAS NEWMAN COLLEGE	3.00	21,000.00	4-01-2006
20009702	KENT STATE UNIVERSITY	3.00	520,000.00	12-01-2008
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	123,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	423,999.98	6-01-2016
20010802	LONG ISLAND UNIVERSITY	3.75	103,000.00	10-01-2005
20012101	MIDDLEBURY COLLEGE	3.00	930,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	30,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	222,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	133,000.00	10-01-2008
20012801	MONTCLAIR STATE COLL (NJEFA) SER 77B	3.00	180,000.00	7-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	230,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	82,200.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	624,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	257,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	750,000.00	4-01-2019
20013801	NORTH CAROLINA STATE UNIVERSITY	3.00	275,000.00	9-01-2006
20014401	OLD DOMINION UNIVERSITY	3.00	1,254,999.99	6-01-2013
20016101	RIVERSIDE HOSPITAL	3.00	81,000.00	4-01-2007
20016201	RIVIER COLLEGE	3.63	423,000.00	4-01-2014
20016401	CALIFORNIA STATE UNIVERSITY	3.00	320,000.00	11-01-2021

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20016501	CALIFORNIA STATE UNIVERSITY	3.00	670,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	891,418.08	11-01-2021
20016701	SCRIPPS COLLEGE	3.00	28,000.00	10-01-2005
20017801	SPRINGFIELD COLLEGE	3.00	90,727.26	5-01-2011
20018001	ST.EDWARDS UNIVERSITY	3.63	123,000.00	4-01-2013
20018302	ST. MICHAELS COLLEGE	3.00	55,000.00	4-01-2008
20018601	STILLMAN COLLEGE	3.00	6,000.00	2-01-2007
20018701	FINLANDIA UNIVERSITY	3.50	2,349,836.73	8-06-2014
20018801	SUSQUEHANNA UNIVERSITY	3.00	40,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	285,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	90,365.61	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	340,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	328,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	70,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	428,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY	3.38	2,795,000.00	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3.00	98,000.00	6-01-2021
20020001	UNIVERSITY OF ALABAMA	3.00	1,416,000.00	5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA	3.00	270,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	199,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	83,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	1,010,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3.00	1,270,000.00	4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE	3.38	166,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3.00	234,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT	3.00	2,153,000.00	10-01-2019
20023101	VANDERBILT UNIV - 1965 CARMIC TOWERS	3.00	153,895.00	8-01-2005
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	299,016.11	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	980,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	60,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	420,000.00	10-01-2017
	Totals:		36,046,105.02

2

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of July 31, 2005

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20008201	HAMPSHIRE COLLEGE	11-01-2004	17,765.00	51,000.00
20016101	RIVERSIDE HOSPITAL	4-01-2005	30,000.00	81,000.00
20010801	LONG ISLAND U	6-01-2005	8,999.98	423,999.98
TOTAL			56,764.98	555,999.98

GMAC Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of July 31, 2005

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust I

Collection Account Activity Report

For the Period of August 1, 2005 through August 31, 2005

Collections:
Principal Payments	192,888.37
Interest Payments	13,992.15
Total Principal and Interest Collections	206,880.52
Payments and Reversals Posted to Suspense	—
Total Collections	206,880.52
Less:  Servicing Fees (not withheld from remittances)	(185.62	)
Net Collections	206,694.90

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of August 1, 2005 through August 31, 2005

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
8012005	20002501	BRYAN COLLEGE	9,000.00	1,425.00	10,425.00	95,000.00	26.13
8012005	20006901	FLORIDA TECH	0.00	120.00	120.00	8,000.00	2.20
8012005	20010301	LAREDO MUN. J	23,000.00	1,845.00	24,845.00	123,000.00	33.83
8012005	20018601	STILLMAN COLL	0.00	90.00	90.00	6,000.00	1.65
8072005	20018701	SUOMI COLLEGE	6,993.37	7,082.15	14,075.52	2,349,836.73	107.70	Divide by 12
8012005	20023101	VANDERBLT/GEO	153,895.00	2,308.42	156,203.42	307,790.00	14.11
		TOTALS:	192,888.37	12,870.57	205,758.94	2,889,626.73	185.62
							185.62	Service Fees withheld for August 2005

1

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of August 1, 2005 through August 31, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
20023101	5-08-10	156,203.43	153,895.00	2,308.43	—	8012005
	TOTAL:	156,203.43	153,895.00	2,308.43	—

GMAC Commercial Mortgage

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of August 1, 2005 through August 31, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report	—	0.00	0.00	0
	TOTAL:	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of August 31, 2005

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3.00	950,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	135,000.00	11-01-2007
20000601	ALMA COLLEGE	3.00	245,000.00	4-01-2010
20000902	ANDERSON COLLEGE	3.00	125,000.00	3-01-2010
20001201	ATLANTIC UNION COLLEGE	3.00	169,152.55	5-01-2023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3.00	950,000.00	4-01-2016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3.00	563,000.00	4-01-2017
20001901	BENEDICT COLLEGE SERIES 1974	3.00	23,000.00	11-01-2006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3.00	48,000.00	10-01-2006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	236,000.00	10-01-2010
20002201	BLACK HILLS STATE COLLEGE	3.00	14,000.00	10-01-2005
20002202	BLACK HILLS STATE COLLEGE	3.00	34,000.00	10-01-2007
20002401	BOSTON UNIVERITY	3.00	707,402.21	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	86,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,320,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	442,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,335,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	660,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	415,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	286,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	379,999.99	5-01-2011
20005201	DANIEL WEBSTER COLLEGE	3.00	245,000.00	4-01-2019
20005801	DRAKE UNIVERSITY	3.00	690,000.00	10-01-2012
20006401	EMPORIA STATE UNIVERSITY	3.00	170,000.00	4-01-2009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3.00	89,091.53	11-01-2020
20006801	FLORIDA ATLANTIC UNIVERSITY	3.00	45,000.00	7-01-2006
20006901	FLORIDA INST OF TECH, INC	3.00	8,000.00	2-01-2006
20007201	FOOTHILL COLLEGE	3.00	40,000.00	10-01-2006
20007902	GRAMBLING COLLEGE	3.00	175,000.00	10-01-2005
20008201	HAMPSHIRE COLLEGE	3.00	51,000.00	11-01-2006
20008301	HARCUM COLLEGE	3.00	500,000.00	11-01-2015
20009201	JACKSON STATE COLLEGE	3.00	100,000.00	1-01-2007
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3.00	413,000.00	4-01-2019
20009502	SACRED HEART KANSAS NEWMAN COLLEGE	3.00	21,000.00	4-01-2006
20009702	KENT STATE UNIVERSITY	3.00	520,000.00	12-01-2008
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	100,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	423,999.98	6-01-2016
20010802	LONG ISLAND UNIVERSITY	3.75	103,000.00	10-01-2005
20012101	MIDDLEBURY COLLEGE	3.00	930,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	30,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	222,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	133,000.00	10-01-2008
20012801	MONTCLAIR STATE COLL (NJEFA) SER 77B	3.00	180,000.00	7-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	230,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	82,200.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	624,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	257,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	750,000.00	4-01-2019
20013801	NORTH CAROLINA STATE UNIVERSITY	3.00	275,000.00	9-01-2006
20014401	OLD DOMINION UNIVERSITY	3.00	1,254,999.99	6-01-2013
20016101	RIVERSIDE HOSPITAL	3.00	81,000.00	4-01-2007
20016201	RIVIER COLLEGE	3.63	423,000.00	4-01-2014
20016401	CALIFORNIA STATE UNIVERSITY	3.00	320,000.00	11-01-2021

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20016501	CALIFORNIA STATE UNIVERSITY	3.00	670,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	891,418.08	11-01-2021
20016701	SCRIPPS COLLEGE	3.00	28,000.00	10-01-2005
20017801	SPRINGFIELD COLLEGE	3.00	90,727.26	5-01-2011
20018001	ST.EDWARDS UNIVERSITY	3.63	123,000.00	4-01-2013
20018302	ST. MICHAELS COLLEGE	3.00	55,000.00	4-01-2008
20018601	STILLMAN COLLEGE	3.00	6,000.00	2-01-2007
20018701	FINLANDIA UNIVERSITY	3.50	2,342,843.36	8-06-2014
20018801	SUSQUEHANNA UNIVERSITY	3.00	40,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	285,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	90,365.61	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	340,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	328,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	70,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	428,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY	3.38	2,795,000.00	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3.00	98,000.00	6-01-2021
20020001	UNIVERSITY OF ALABAMA	3.00	1,416,000.00	5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA	3.00	270,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	199,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	83,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	1,010,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3.00	1,270,000.00	4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE	3.38	166,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3.00	234,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT	3.00	2,153,000.00	10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	299,016.11	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	980,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	60,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	420,000.00	10-01-2017
	Totals:		35,853,216.65

2

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of August 31, 2005

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20008201	HAMPSHIRE COLLEGE	11-01-2004	17,765.00	51,000.00
20016101	RIVERSIDE HOSPITAL	4-01-2005	30,000.00	81,000.00
20010801	LONG ISLAND U	6-01-2005	8,999.98	423,999.98
20012801	MONTCLAIR COLLEGE	7-01-2005	43,000.00	180,000.00
TOTAL			99,764.98	735,999.98

GMAC Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of August 31, 2005

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust I

Collection Account Activity Report

For the Period of September 1, 2005 through September 30, 2005

Collections:
Principal Payments	322,014.45
Interest Payments	67,984.20
Total Principal and Interest Collections	389,998.65
Payments and Reversals Posted to Suspense	—
Total Collections	389,998.65
Less: Servicing Fees (not withheld from remittances)	(1,165.05	)
Net Collections	388,833.60

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of September 1, 2005 through September 30, 2005

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
9012005	20000902	ANDERSON COLL	0.00	1,875.00	1,875.00	125,000.00	34.38
9012005	20013801	NORTH CAROLIN	135,000.00	4,125.00	139,125.00	275,000.00	75.63
9072005	20018701	SUOMI COLLEGE	7,014.45	7,061.07	14,075.52	2,342,843.36	107.38	Divide by 12
9012005	20019502	TEXAS TECH UN	0.00	7,757.50	7,757.50	428,000.00	117.70
9012005	20019504	TEXAS TECH UN	0.00	47,165.63	47,165.63	2,795,000.00	768.63
		TOTALS:	142,014.45	67,984.20	209,998.65	5,965,843.36	1,103.72
							61.33	Loan #02-0012801 July 05
							1,165.05	Service Fees withheld for Sept. 2005

1

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of September 1, 2005 through September 30, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
20012801	5-09-02	180,000.00	180,000.00	—	—	7012008
	TOTAL:	180,000.00	180,000.00	—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of September 1, 2005 through September 30, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report	—	0.00	0.00	0
	TOTAL:	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of September 30, 2005

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3.00	950,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	135,000.00	11-01-2007
20000601	ALMA COLLEGE	3.00	245,000.00	4-01-2010
20000902	ANDERSON COLLEGE	3.00	125,000.00	3-01-2010
20001201	ATLANTIC UNION COLLEGE	3.00	169,152.55	5-01-2023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3.00	950,000.00	4-01-2016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3.00	563,000.00	4-01-2017
20001901	BENEDICT COLLEGE SERIES 1974	3.00	23,000.00	11-01-2006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3.00	48,000.00	10-01-2006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	236,000.00	10-01-2010
20002201	BLACK HILLS STATE COLLEGE	3.00	14,000.00	10-01-2005
20002202	BLACK HILLS STATE COLLEGE	3.00	34,000.00	10-01-2007
20002401	BOSTON UNIVERITY	3.00	707,402.21	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	86,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,320,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	442,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,335,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	660,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	415,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	286,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	379,999.99	5-01-2011
20005201	DANIEL WEBSTER COLLEGE	3.00	245,000.00	4-01-2019
20005801	DRAKE UNIVERSITY	3.00	690,000.00	10-01-2012
20006401	EMPORIA STATE UNIVERSITY	3.00	170,000.00	4-01-2009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3.00	89,091.53	11-01-2020
20006801	FLORIDA ATLANTIC UNIVERSITY	3.00	45,000.00	7-01-2006
20006901	FLORIDA INST OF TECH, INC	3.00	8,000.00	2-01-2006
20007201	FOOTHILL COLLEGE	3.00	40,000.00	10-01-2006
20007902	GRAMBLING COLLEGE	3.00	175,000.00	10-01-2005
20008201	HAMPSHIRE COLLEGE	3.00	51,000.00	11-01-2006
20008301	HARCUM COLLEGE	3.00	500,000.00	11-01-2015
20009201	JACKSON STATE COLLEGE	3.00	100,000.00	1-01-2007
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3.00	413,000.00	4-01-2019
20009502	SACRED HEART KANSAS NEWMAN COLLEGE	3.00	21,000.00	4-01-2006
20009702	KENT STATE UNIVERSITY	3.00	520,000.00	12-01-2008
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	100,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	423,999.98	6-01-2016
20010802	LONG ISLAND UNIVERSITY	3.75	103,000.00	10-01-2005
20012101	MIDDLEBURY COLLEGE	3.00	930,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	30,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	222,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	133,000.00	10-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	230,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	82,200.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	624,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	257,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	750,000.00	4-01-2019
20013801	NORTH CAROLINA STATE UNIVERSITY	3.00	140,000.00	9-01-2006
20014401	OLD DOMINION UNIVERSITY	3.00	1,254,999.99	6-01-2013
20016101	RIVERSIDE HOSPITAL	3.00	81,000.00	4-01-2007
20016201	RIVIER COLLEGE	3.63	423,000.00	4-01-2014
20016401	CALIFORNIA STATE UNIVERSITY	3.00	320,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	670,000.00	11-01-2021

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20016601	SARAH LAWRENCE COLLEGE	3.00	891,418.08	11-01-2021
20016701	SCRIPPS COLLEGE	3.00	28,000.00	10-01-2005
20017801	SPRINGFIELD COLLEGE	3.00	90,727.26	5-01-2011
20018001	ST.EDWARDS UNIVERSITY	3.63	123,000.00	4-01-2013
20018302	ST. MICHAELS COLLEGE	3.00	55,000.00	4-01-2008
20018601	STILLMAN COLLEGE	3.00	6,000.00	2-01-2007
20018701	FINLANDIA UNIVERSITY	3.50	2,335,828.91	8-06-2014
20018801	SUSQUEHANNA UNIVERSITY	3.00	40,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	285,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	90,365.61	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	340,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	328,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	70,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	428,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY	3.38	2,795,000.00	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3.00	98,000.00	6-01-2021
20020001	UNIVERSITY OF ALABAMA	3.00	1,416,000.00	5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA	3.00	270,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	199,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	83,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	1,010,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3.00	1,270,000.00	4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE	3.38	166,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3.00	234,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT	3.00	2,153,000.00	10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	299,016.11	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	980,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	60,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	420,000.00	10-01-2017
	Totals:		35,531,202.20

2

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of September 30, 2005

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20008201	HAMPSHIRE COLLEGE	11-01-2004	17,765.00	51,000.00
20016101	RIVERSIDE HOSPITAL	4-01-2005	30,000.00	81,000.00
20010801	LONG ISLAND U	6-01-2005	8,999.98	423,999.98
TOTAL			56,764.98	555,999.98

GMAC Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of September 30, 2005

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust I

Collection Account Activity Report

For the Period of October 1, 2005 through October 31, 2005

Collections:
Principal Payments	1,042,991.68
Interest Payments	257,682.79
Total Principal and Interest Collections	1,300,674.47
Payments and Reversals Posted to Suspense	—
Total Collections	1,300,674.47
Less: Servicing Fees (not withheld from remittances)	(4,212.06	)
Net Collections	1,296,462.41

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of October 1, 2005 through October 31, 2005

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
10012005	20000101	ALBION COLLEG	70,000.00	14,250.00	84,250.00	950,000.00	261.25
10012005	20000601	ALMA COLLEGE	0.00	3,675.00	3,675.00	245,000.00	67.38
10012005	20001301	AUGSBERG COLL	0.00	14,250.00	14,250.00	950,000.00	261.25
10012005	20001401	AZUSA UNIVERS	0.00	8,445.00	8,445.00	563,000.00	154.83
10012005	20002101	BIRMINGHAM SO	40,000.00	720.00	40,720.00	48,000.00	13.20
10012005	20002102	BIRMINGHAM SO	36,000.00	3,540.00	39,540.00	236,000.00	64.90
10012005	20002201	BLACKS HILLS	14,000.00	210.00	14,210.00	14,000.00	3.85
10012005	20002202	BLACKS HILLS	12,000.00	510.00	12,510.00	34,000.00	9.35
10012005	20003001	CASE WESTERN	0.00	20,025.00	20,025.00	1,335,000.00	367.13
10012005	20004001	COLL.OF ST. T	0.00	6,225.00	6,225.00	415,000.00	114.13
10012005	20004401	R.I. JR. COLL	10,000.00	4,290.00	14,290.00	286,000.00	78.65
10012005	20005201	DANIEL WEBSTE	0.00	3,675.00	3,675.00	245,000.00	67.38
10012005	20005801	DRAKE UNIV.	45,000.00	10,350.00	55,350.00	690,000.00	189.75
10012005	20006401	KS.ST.TEACHER	0.00	2,550.00	2,550.00	170,000.00	46.75
10012005	20007201	FOOTHILL JUNI	20,000.00	600.00	20,600.00	40,000.00	11.00
10012005	20007902	GRAMBLING	175,000.00	2,625.00	177,625.00	175,000.00	48.13
10012005	20009302	JARVIS CHRIST	0.00	6,195.00	6,195.00	413,000.00	113.58
10012005	20009502	SACRED HEART	0.00	315.00	315.00	21,000.00	5.78
10012005	20010802	LONG ISLAND U	103,000.00	1,931.25	104,931.25	103,000.00	28.33
10012005	20012101	MIDDLEBURY CO	40,000.00	13,950.00	53,950.00	930,000.00	255.75
10012005	20012601	MISSOURI WEST	33,000.00	1,995.00	34,995.00	133,000.00	36.58
10012005	20012901	MONTEREY JR C	15,000.00	3,450.00	18,450.00	230,000.00	63.25
10012005	20013501	NEW ENGLAND C	26,000.00	4,676.25	30,676.25	257,999.99	70.95
10012005	20013502	NEW ENGLAND C	0.00	11,250.00	11,250.00	750,000.00	206.25
10012005	20016101	RIVERSIDE HOS	0.00	765.00	765.00	81,000.00	22.28
10012005	20016201	RIVIER COLLEG	0.00	7,666.88	7,666.88	423,000.00	116.33
10012005	20016701	SCRIPPS COLLE	28,000.00	420.00	28,420.00	28,000.00	7.70
10012005	20018001	ST.EDWARDS	0.00	2,229.38	2,229.38	123,000.00	33.83
10012005	20018302	ST. MICHAELS	0.00	825.00	825.00	55,000.00	15.13
10072005	20018701	SUOMI COLLEGE	7,262.69	6,812.83	14,075.52	2,335,828.91	107.06	Divide by 12
10012005	20019101	TAYLOR UNIV.	55,000.00	5,100.00	60,100.00	340,000.00	93.50
10012005	20019401	TEXAS COLLEGE	0.00	1,050.00	1,050.00	70,000.00	19.25
10012005	20021001	UNIV HAWAII	135,000.00	4,050.00	139,050.00	270,000.00	74.25
10012005	20021701	UNIV. OF NOTR	0.00	19,050.00	19,050.00	1,270,000.00	349.25
10012005	20022601	UNIV.OF STEUB	0.00	2,801.25	2,801.25	166,000.00	45.65
10012005	20022602	UNIV.OF STEUB	0.00	3,510.00	3,510.00	234,000.00	64.35
10012005	20022701	UNIV OF VERMO	60,000.00	32,295.00	92,295.00	2,153,000.00	592.08
10012005	20023601	WSTRN WASH. S	20,000.00	900.00	20,900.00	60,000.00	16.50
10012005	20023901	XAVIER UNIV.	25,000.00	6,300.00	31,300.00	420,000.00	115.50
		TOTALS:	969,262.69	233,477.84	1,202,740.53	17,262,828.90	4,212.06
							4,212.06	Service Fees withheld for Oct. 2005

1

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of October 1, 2005 through October 31, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
20002201	5-10-03	14,210.00	14,000.00	210.00	—	10012005
20002202	5-10-03	34,510.00	34,000.00	510.00	—	10012007
20007902	5-10-03	177,625.00	175,000.00	2,625.00	—	10012005
20010802	5-10-03	104,931.25	103,000.00	1,931.25	—	10012005
20016701	5-10-18	28,420.00	28,000.00	420.00	—	10012005
	TOTAL:	359,696.25	354,000.00	5,696.25	—

GMAC Commercial Mortgage

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of October 1, 2005 through October 31, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report	—	0.00	0.00	0
	TOTAL:	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of October 31, 2005

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3.00	880,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	135,000.00	11-01-2007
20000601	ALMA COLLEGE	3.00	245,000.00	4-01-2010
20000902	ANDERSON COLLEGE	3.00	125,000.00	3-01-2010
20001201	ATLANTIC UNION COLLEGE	3.00	165,699.40	5-01-2023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3.00	950,000.00	4-01-2016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3.00	563,000.00	4-01-2017
20001901	BENEDICT COLLEGE SERIES 1974	3.00	23,000.00	11-01-2006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3.00	8,000.00	10-01-2006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	200,000.00	10-01-2010
20002401	BOSTON UNIVERITY	3.00	707,402.21	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	86,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,320,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	427,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,335,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	660,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	415,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	276,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	379,999.99	5-01-2011
20005201	DANIEL WEBSTER COLLEGE	3.00	245,000.00	4-01-2019
20005801	DRAKE UNIVERSITY	3.00	645,000.00	10-01-2012
20006401	EMPORIA STATE UNIVERSITY	3.00	170,000.00	4-01-2009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3.00	89,091.53	11-01-2020
20006801	FLORIDA ATLANTIC UNIVERSITY	3.00	45,000.00	7-01-2006
20006901	FLORIDA INST OF TECH, INC	3.00	8,000.00	2-01-2006
20007201	FOOTHILL COLLEGE	3.00	20,000.00	10-01-2006
20008201	HAMPSHIRE COLLEGE	3.00	51,000.00	11-01-2006
20008301	HARCUM COLLEGE	3.00	500,000.00	11-01-2015
20009201	JACKSON STATE COLLEGE	3.00	100,000.00	1-01-2007
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3.00	413,000.00	4-01-2019
20009502	SACRED HEART KANSAS NEWMAN COLLEGE	3.00	21,000.00	4-01-2006
20009702	KENT STATE UNIVERSITY	3.00	520,000.00	12-01-2008
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	100,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	423,999.98	6-01-2016
20012101	MIDDLEBURY COLLEGE	3.00	890,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	30,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	222,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	100,000.00	10-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	215,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	82,200.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	624,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	231,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	750,000.00	4-01-2019
20013801	NORTH CAROLINA STATE UNIVERSITY	3.00	140,000.00	9-01-2006
20014401	OLD DOMINION UNIVERSITY	3.00	1,254,999.99	6-01-2013
20016101	RIVERSIDE HOSPITAL	3.00	81,000.00	4-01-2007
20016201	RIVIER COLLEGE	3.63	423,000.00	4-01-2014
20016401	CALIFORNIA STATE UNIVERSITY	3.00	320,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	670,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	869,509.61	11-01-2021
20017801	SPRINGFIELD COLLEGE	3.00	83,770.27	5-01-2011
20018001	ST.EDWARDS UNIVERSITY	3.63	123,000.00	4-01-2013
20018302	ST. MICHAELS COLLEGE	3.00	55,000.00	4-01-2008

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20018601	STILLMAN COLLEGE	3.00	6,000.00	2-01-2007
20018701	FINLANDIA UNIVERSITY	3.50	2,328,566.22	8-06-2014
20018801	SUSQUEHANNA UNIVERSITY	3.00	40,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	285,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	85,955.23	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	285,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	328,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	70,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	428,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY	3.38	2,795,000.00	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3.00	98,000.00	6-01-2021
20020001	UNIVERSITY OF ALABAMA	3.00	1,416,000.00	5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA	3.00	135,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	199,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	83,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	1,010,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3.00	1,270,000.00	4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE	3.38	166,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3.00	234,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT	3.00	2,093,000.00	10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	299,016.11	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	980,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	40,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	395,000.00	10-01-2017
	Totals:		34,488,210.52

2

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of October 31, 2005

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20008201	HAMPSHIRE COLLEGE	11-01-2004	17,765.00	51,000.00
20016101	RIVERSIDE HOSPITAL	4-01-2005	30,000.00	81,000.00
20010801	LONG ISLAND U	6-01-2005	8,999.98	423,999.98
TOTAL			56,764.98	555,999.98

GMAC Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of October 31, 2005

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust I

Collection Account Activity Report

For the Period of November 1, 2005 through November 30, 2005

Collections:
Principal Payments	536,935.92
Interest Payments	120,443.05
Total Principal and Interest Collections	657,378.97
Payments and Reversals Posted to Suspense	—
Total Collections	657,378.97
Less: Servicing Fees (not withheld from remittances)	(4,212.06	)
Net Collections	653,166.91

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of Novmeber 1, 2005 through November 30, 2005

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
11012005	20000401	ALFRED UNIVER	43,000.00	2,025.00	45,025.00	135,000.00	37.13
11012005	20001201	ATLANTIC UNIO	3,453.15	2,537.29	5,990.44	169,152.55	46.52
11012005	20001901	THE BENEDICT	11,000.00	345.00	11,345.00	23,000.00	6.33
11012005	20002701	CALIFORNIA ST	150,000.00	19,800.00	169,800.00	1,320,000.00	363.00
11012005	20002801	CARNEGIE-MELL	15,000.00	6,630.00	21,630.00	442,000.00	121.55
11012005	20004501	CONCORDIA TEA	30,000.00	5,700.00	35,700.00	379,999.99	104.50
11012005	20006502	FAIRLEIGH DIC	2,278.44	1,336.38	3,614.82	89,091.53	24.50
11012005	20008201	HAMPSHIRE COL	17,000.00	510.00	17,510.00	34,000.00	9.35
11012005	20008301	HARCUM JR COL	40,000.00	7,500.00	47,500.00	500,000.00	137.50
11012005	20012001	MSU HOUSING	15,050.95	8,474.89	23,525.84	564,992.44	155.37
11012005	20013301	MORRIS COLLEG	61,000.00	9,360.00	70,360.00	624,000.00	171.60
11012005	20016401	CALIFORNIA ST	15,000.00	4,800.00	19,800.00	320,000.00	88.00
11012005	20016501	CALIFORNIA ST	30,000.00	10,050.00	40,050.00	670,000.00	184.25
11012005	20016601	SARAH LAWRENC	21,908.47	13,371.27	35,279.74	891,418.08	245.14
11012005	20017801	SPRINGFIELD C	6,956.99	1,360.91	8,317.90	90,727.26	24.95
11072005	20018701	SUOMI COLLEGE	7,057.48	7,018.04	14,075.52	2,328,566.22	106.73
11012005	20018801	SUSQUEHANNA U	20,000.00	600.00	20,600.00	40,000.00	11.00
11012005	20018802	SUSQUEHANNA U	25,000.00	5,165.63	30,165.63	285,000.00	78.38
11012005	20018901	SWARTHMORE CO	4,410.38	1,355.48	5,765.86	90,365.61	24.85
11012005	20019201	TEMPLE UNIV.	30,000.00	5,535.00	35,535.00	328,000.00	90.20
11012005	20020001	UNIV. OF ALAB	0.00	21,240.00	21,240.00	1,416,000.00	389.40
11012005	20021301	UNIV OF MONTE	0.00	2,985.00	2,985.00	199,000.00	54.73
11012005	20023501	WSTRN MARYLAN	70,000.00	14,700.00	84,700.00	980,000.00	269.50
		TOTALS:	618,115.86	152,399.89	770,515.75	11,920,313.68	2,744.48
							(9.35	)	20008201
							2,735.13		Service Fees withheld for Nov. 2005 please w/hold on 12/5/05

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of Novmeber 1, 2005 through Novmeber 30, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
	TOTAL:	—	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of Novmeber 1, 2005 through November 30 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report	—	0.00	0.00	0
	TOTAL:	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of November 30, 2005

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3.00	880,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	92,000.00	11-01-2007
20000601	ALMA COLLEGE	3.00	245,000.00	4-01-2010
20000902	ANDERSON COLLEGE	3.00	125,000.00	3-01-2010
20001201	ATLANTIC UNION COLLEGE	3.00	165,699.40	5-01-2023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3.00	950,000.00	4-01-2016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3.00	563,000.00	4-01-2017
20001901	BENEDICT COLLEGE SERIES 1974	3.00	12,000.00	11-01-2006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3.00	8,000.00	10-01-2006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	200,000.00	10-01-2010
20002401	BOSTON UNIVERITY	3.00	707,402.21	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	86,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,170,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	427,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,335,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	660,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	415,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	276,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	349,999.99	5-01-2011
20005201	DANIEL WEBSTER COLLEGE	3.00	245,000.00	4-01-2019
20005801	DRAKE UNIVERSITY	3.00	645,000.00	10-01-2012
20006401	EMPORIA STATE UNIVERSITY	3.00	170,000.00	4-01-2009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3.00	86,813.09	11-01-2020
20006801	FLORIDA ATLANTIC UNIVERSITY	3.00	45,000.00	7-01-2006
20006901	FLORIDA INST OF TECH, INC	3.00	8,000.00	2-01-2006
20007201	FOOTHILL COLLEGE	3.00	20,000.00	10-01-2006
20008201	HAMPSHIRE COLLEGE	3.00	51,000.00	11-01-2006
20008301	HARCUM COLLEGE	3.00	460,000.00	11-01-2015
20009201	JACKSON STATE COLLEGE	3.00	100,000.00	1-01-2007
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3.00	413,000.00	4-01-2019
20009502	SACRED HEART KANSAS NEWMAN COLLEGE	3.00	21,000.00	4-01-2006
20009702	KENT STATE UNIVERSITY	3.00	520,000.00	12-01-2008
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	100,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	423,999.98	6-01-2016
20012101	MIDDLEBURY COLLEGE	3.00	890,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	30,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	222,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	100,000.00	10-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	215,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	79,600.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	563,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	231,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	750,000.00	4-01-2019
20013801	NORTH CAROLINA STATE UNIVERSITY	3.00	140,000.00	9-01-2006
20014401	OLD DOMINION UNIVERSITY	3.00	1,254,999.99	6-01-2013
20016101	RIVERSIDE HOSPITAL	3.00	81,000.00	4-01-2007
20016201	RIVIER COLLEGE	3.63	423,000.00	4-01-2014
20016401	CALIFORNIA STATE UNIVERSITY	3.00	305,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	640,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	869,509.61	11-01-2021
20017801	SPRINGFIELD COLLEGE	3.00	83,770.27	5-01-2011
20018001	ST.EDWARDS UNIVERSITY	3.63	123,000.00	4-01-2013
20018302	ST. MICHAELS COLLEGE	3.00	55,000.00	4-01-2008

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20018601	STILLMAN COLLEGE	3.00	6,000.00	2-01-2007
20018701	FINLANDIA UNIVERSITY	3.50	2,321,508.74	8-06-2014
20018801	SUSQUEHANNA UNIVERSITY	3.00	20,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	260,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	85,955.23	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	285,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	298,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	70,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	428,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY	3.38	2,795,000.00	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3.00	98,000.00	6-01-2021
20020001	UNIVERSITY OF ALABAMA	3.00	1,416,000.00	5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA	3.00	135,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	199,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	83,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	1,010,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3.00	1,270,000.00	4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE	3.38	166,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3.00	234,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT	3.00	2,093,000.00	10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	299,016.11	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	910,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	40,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	395,000.00	10-01-2017
	Totals:		33,951,274.60

2

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of November 30, 2005

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20008201	HAMPSHIRE COLLEGE	11-01-2004	17,765.00	51,000.00
20016101	RIVERSIDE HOSPITAL	4-01-2005	30,000.00	81,000.00
20010801	LONG ISLAND U	6-01-2005	8,999.98	423,999.98
TOTAL			56,764.98	555,999.98

GMAC Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of November 30, 2005

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust I

Collection Account Activity Report

For the Period of December 1, 2004 through December 31, 2004

Collections:
Principal Payments	368,479.01
Interest Payments	126,928.89
Total Principal and Interest Collections	495,407.90
Payments and Reversals Posted to Suspense	(64,732.11	)
Total Collections	430,675.79
Less: Servicing Fees (not withheld from remittances)	(1,474.77	)
Net Collections	429,201.02

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of December 1, 2004 through December 31, 2004

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
12302004	20002401	BOSTON UNIVER	15060.68	11066.24	26126.92	737749.48	202.88
12012004	20010801	LONG ISLAND U	0	6675	6675	453999.98	124.85
12012004	20012501	MISSOURI SOUT	50000	4095	54095	272999.99	75.07
12012004	20013001	MONTREAT-ANDE	2400	1308	3708	87200	23.98
12012004	20014401	DOMNION UNIV.	0	20850	20850	1389999.99	382.25
12072004	20018701	SUOMI COLLEGE	7056.84	7018.68	14075.52	2406403.33	536.11
12012004	20019601	TOUGALOO COLL	0	1545	1545	103000	28.33
12302004	20023102	VANDERBLT/GEO	34418.33	5525.54	39943.87	368369.05	101.30
		TOTALS:	108,935.85	58,083.46	167,019.31	5,819,721.82	1,474.77

1

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of December 1, 2004 through December 31, 2004

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
20005401	12-10-04	269,000.00	269,000.00	0.00		04-01-2016
	TOTAL:	269,000.00	269,000.00	—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of December 1, 2004 through December 31, 2004

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report	—	0.00	0.00	0
	TOTAL:	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of December 31, 2004

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3	950000	10-01-2015
20000401	UNIVERSITY OF ALFRED	3	135000	11-01-2007
20000601	ALMA COLLEGE	3	290000	4-01-2010
20000902	ANDERSON COLLEGE	3	150000	3-01-2010
20001201	ATLANTIC UNION COLLEGE	3	172554.67	5-01-2023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3	1020000	4-01-2016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3	603000	4-01-2017
20001901	BENEDICT COLLEGE SERIES 1974	3	23000	11-01-2006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3	48000	10-01-2006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3	236000	10-01-2010
20002201	BLACK HILLS STATE COLLEGE	3	14000	10-01-2005
20002202	BLACK HILLS STATE COLLEGE	3	34000	10-01-2007
20002401	BOSTON UNIVERITY	3	722688.8	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3	103000	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3	1320000	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3	457000	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3	1435000	4-01-2016
20003901	COLLEGE OF CHARLESTON	3	715000	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3	445000	4-01-2017
20004401	R.I. JR. COLLEGE	3	296000	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3	409999.99	5-01-2011
20005201	DANIEL WEBSTER COLLEGE	3	260000	4-01-2019
20005801	DRAKE UNIVERSITY	3	730000	10-01-2012
20006401	EMPORIA STATE UNIVERSITY	3	210000	4-01-2009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3	91336.31	11-01-2020
20006801	FLORIDA ATLANTIC UNIVERSITY	3	90000	7-01-2006
20006901	FLORIDA INST OF TECH, INC	3	17000	2-01-2006
20007201	FOOTHILL COLLEGE	3	40000	10-01-2006
20007902	GRAMBLING COLLEGE	3	175000	10-01-2005
20008201	HAMPSHIRE COLLEGE	3	51000	11-01-2006
20008301	HARCUM COLLEGE	3	500000	11-01-2015
20008401	HAVERFORD COLL.	3.625	310000	11-01-2013
20009201	JACKSON STATE COLLEGE	3	150000	1-01-2007
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3	438000	4-01-2019
20009502	SACRED HEART KANSAS NEWMAN COLLEGE	3	42000	4-01-2006
20009702	KENT STATE UNIVERSITY	3	650000	12-01-2008
20010301	LAREDO MUNICIPAL JR. COLLEGE	3	123000	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3	453999.98	6-01-2016
20010802	LONG ISLAND UNIVERSITY	3.75	103000	10-01-2005
20012001	MICHIGAN STATE UNIVERSITY	3	579820.97	5-01-2020
20012101	MIDDLEBURY COLLEGE	3	970000	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3	40000	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3	222999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3	133000	10-01-2008
20012801	MONTCLAIR STATE COLL (NJEFA) SER 77B	3	180000	7-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3	230000	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3	84800	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3	624000	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.625	257999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3	795000	4-01-2019
20013801	NORTH CAROLINA STATE UNIVERSITY	3	275000	9-01-2006
20014401	OLD DOMINION UNIVERSITY	3	1389999.99	6-01-2013
20016101	RIVERSIDE HOSPITAL	3	81000	4-01-2007

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20016201	RIVIER COLLEGE	3.625	463000	4-01-2014
20016401	CALIFORNIA STATE UNIVERSITY	3	320000	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3	670000	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3	913002.78	11-01-2021
20016701	SCRIPPS COLLEGE	3	28000	10-01-2005
20017301	SOUTHEAST MISSOURI STATE UNIV (ESCROW)	3.5	190000	4-01-2005
20017801	SPRINGFIELD COLLEGE	3	97581.45	5-01-2011
20018001	ST.EDWARDS UNIVERSITY	3.625	136000	4-01-2013
20018302	ST. MICHAELS COLLEGE	3	80000	4-01-2008
20018601	STILLMAN COLLEGE	3	10000	2-01-2007
20018701	FINLANDIA UNIVERSITY	3.5	2426983.12	8-06-2014
20018801	SUSQUEHANNA UNIVERSITY	3	40000	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.625	285000	11-01-2014
20018901	SWARTHMORE COLLEGE	3	94710.81	11-01-2013
20019101	TAYLOR UNIVERISTY	3	340000	10-01-2010
20019201	TEMPLE UNIVERSITY	3.375	328000	11-01-2014
20019401	TEXAS STATE COLLEGE	3	105000	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.625	473000	3-01-2013
20019504	TEXAS TECH. UNIVERSITY	3.375	3145000	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3	103000	6-01-2021
20020001	UNIVERSITY OF ALABAMA	3	1486000	5-01-2021
20020803	UNIVERSITY OF FLORIDA	3	113000	1-01-2005
20021001	UNIVERSITY OF HAWAII AT MANOA	3	270000	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3	207000	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3	92000	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3	1075000	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3	1350000	4-01-2018
20022401	UNIVERSITY OF SOUTH FLOR./REV CERTS.,83	3	1450000	7-01-2013
20022601	UNIVERSITY OF STEUBENVILLE	3.375	186000	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3	250000	4-01-2017
20022701	UNIVERSITY OF VERMONT	3	2212000	10-01-2019
20023101	VANDERBILT UNIV - 1965 CARMIC TOWERS	3	153895	8-01-2005
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3	333950.72	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3	980000	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3	60000	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3	420000	10-01-2017
	Totals:		40,764,324.57

2

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of December 31, 2004

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20010801	LONG ISLAND UNIVERSITY	6-01-2004	8,999.98	453,999.98
20008201	HAMPSHIRE COLLEGE	11-01-2004	17,765.00	51,000.00
20008401	HAVERFORD COLLEGE	11-01-2004	30,618.75	310,000.00
TOTAL			57,383.73	814,999.98

GMAC Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of December 31, 2004

None to report for this period

GMAC Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Quarter Ended March 31, 2005

Collections:

	January		February		March
Principal Payments	396,480.79		27,864.78		737,581.28
Interest Payments	94,232.06		13,248.10		76,596.88
Total Principal and Interest Collections	490,712.85		41,112.88		814,178.16
Payments and Reversals Posted to Suspense	223,508.77		82.64		(308,393.50	)
Total Collections	714,221.62		41,195.52		505,784.66
Less: Servicing Fees (not withheld from remittances)	(1,183.86	)	(221.57	)	(1,221.18	)
Net Collections	713,037.76		40,973.95		504,563.48

GMAC Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Quarter Ended March 31, 2005

Date Due		GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
January
1-01-2005		20003901	COLL. OF CHAR	0.00	10725.00	10725.00	715000.00	196.63
1-01-2005		20006801	FLORIDA ATLAN	0.00	1350.00	1350.00	90000.00	24.75
1-01-2005		20009201	JACKSON ST.	50000.00	2250.00	52250.00	150000.00	41.25
1-01-2005		20012401	MISSISSIPPI V	0.00	600.00	600.00	40000.00	11.00
1-01-2005		20012801	MONTCLAIR COL	0.00	2700.00	2700.00	180000.00	49.50
1-07-2005		20018701	SUOMI COLLEGE	6844.16	7231.36	14075.52	2399346.49	109.97
1-01-2005		20020803	UNIV. OF FLOR	113000.00	1695.00	114695.00	113000.00	31.08
1-01-2005		20021401	U OF NEBRASKA	4000.00	1380.00	5380.00	92000.00	25.30
1-01-2005		20021603	NORTH CAROLIN	65000.00	16125.00	81125.00	1075000.00	295.63
1-01-2005		20022401	SOUTH FLORIDA	0.00	21750.00	21750.00	1450000.00	398.75
			TOTALS:	238,844.16	65,806.36	304,650.52	6,304,346.49	1,183.86
February
2-01-2005		20002501	BRYAN COLLEGE	8000.00	1545.00	9545.00	103000.00	28.33
2-01-2005		20006901	FLORIDA TECH	9000.00	255.00	9255.00	17000.00	4.68
2-01-2005		20010301	LAREDO MUN. J	0.00	1845.00	1845.00	123000.00	33.83
2-01-2005		20018601	STILLMAN COLL	4000.00	150.00	4150.00	10000.00	2.75
2-07-2005		20018701	SUOMI COLLEGE	6864.78	7210.74	14075.52	2392502.33	109.66
2-01-2005		20023101	VANDERBLT/GEO	0.00	2308.42	2308.42	153895.00	42.32
			TOTALS:	27,864.78	13,314.16	41,178.94	2,799,397.33	221.57
March
3-01-2005		20000902	ANDERSON COLL	25000.00	2250.00	27250.00	150000.00	41.25
3-01-2005		20013801	NORTH CAROLIN	0.00	4125.00	4125.00	275000.00	75.63
3-07-2005		20018701	SUOMI COLLEGE	7581.28	6494.24	14075.52	2385637.55	109.34
3-01-2005		20019502	TEXAS TECH UN	45000.00	8573.12	53573.12	473000.00	130.08
3-01-2005		20019504	TEXAS TECH UN	350000.00	53071.88	403071.88	3145000.00	864.88
			TOTALS:	427,581.28	74,514.24	502,095.52	6,428,637.55	1,221.18
	TOTALS FOR 1st QTR			694,290.22	153,634.76	847,924.98	15,532,381.37	2,626.61

GMAC Commercial Mortgage
College and University Loan Trust I
Paid In Full Loan Schedule
For the Quarter Ended March 31, 2005

Loan Number	Payoff Date	Total Amount	Principal Amount	Interest Amount	Other Fees	Maturity Date
20020803	1-03-05	114,695.00	113,000.00	1,695.00		1-01-2005
20008401	5-03-31	310,000.00	310,000.00	—	1,400.00	11-01-2013
Totals		424,695.00	423,000.00	1,695.00	1,400.00

* Please note that service fees have not yet been deducted.

GMAC Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Quarter Ended on March 31, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report
				—
	TOTAL:	—	—	—

GMAC Commercial Mortgage
College and University Loan Trust I
Trial Balacne
For the Quarter Ended on March 31, 2005

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3.00	950,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	135,000.00	11-01-2007
20000601	ALMA COLLEGE	3.00	290,000.00	4-01-2010
20000902	ANDERSON COLLEGE	3.00	125,000.00	3-01-2010
20001201	ATLANTIC UNION COLLEGE	3.00	172,554.67	5-01-2023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3.00	1,020,000.00	4-01-2016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3.00	603,000.00	4-01-2017
20001901	BENEDICT COLLEGE SERIES 1974	3.00	23,000.00	11-01-2006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3.00	48,000.00	10-01-2006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	236,000.00	10-01-2010
20002201	BLACK HILLS STATE COLLEGE	3.00	14,000.00	10-01-2005
20002202	BLACK HILLS STATE COLLEGE	3.00	34,000.00	10-01-2007
20002401	BOSTON UNIVERITY	3.00	722,688.80	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	95,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,320,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	457,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,435,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	715,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	445,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	296,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	409,999.99	5-01-2011
20005201	DANIEL WEBSTER COLLEGE	3.00	260,000.00	4-01-2019
20005801	DRAKE UNIVERSITY	3.00	730,000.00	10-01-2012
20006401	EMPORIA STATE UNIVERSITY	3.00	210,000.00	4-01-2009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3.00	91,336.31	11-01-2020
20006801	FLORIDA ATLANTIC UNIVERSITY	3.00	90,000.00	7-01-2006
20006901	FLORIDA INST OF TECH, INC	3.00	8,000.00	2-01-2006
20007201	FOOTHILL COLLEGE	3.00	40,000.00	10-01-2006
20007902	GRAMBLING COLLEGE	3.00	175,000.00	10-01-2005
20008201	HAMPSHIRE COLLEGE	3.00	51,000.00	11-01-2006
20008301	HARCUM COLLEGE	3.00	500,000.00	11-01-2015
20009201	JACKSON STATE COLLEGE	3.00	100,000.00	1-01-2007
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3.00	438,000.00	4-01-2019
20009502	SACRED HEART KANSAS NEWMAN COLLEGE	3.00	42,000.00	4-01-2006
20009702	KENT STATE UNIVERSITY	3.00	520,000.00	12-01-2008
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	123,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	453,999.98	6-01-2016
20010802	LONG ISLAND UNIVERSITY	3.75	103,000.00	10-01-2005
20012001	MICHIGAN STATE UNIVERSITY	3.00	579,820.97	5-01-2020
20012101	MIDDLEBURY COLLEGE	3.00	970,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	40,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	222,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	133,000.00	10-01-2008
20012801	MONTCLAIR STATE COLL (NJEFA) SER 77B	3.00	180,000.00	7-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	230,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	84,800.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	624,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	257,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	795,000.00	4-01-2019

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20013801	NORTH CAROLINA STATE UNIVERSITY	3.00	275,000.00	9-01-2006
20014401	OLD DOMINION UNIVERSITY	3.00	1,389,999.99	6-01-2013
20016101	RIVERSIDE HOSPITAL	3.00	81,000.00	4-01-2007
20016201	RIVIER COLLEGE	3.63	463,000.00	4-01-2014
20016401	CALIFORNIA STATE UNIVERSITY	3.00	320,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	670,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	913,002.78	11-01-2021
20016701	SCRIPPS COLLEGE	3.00	28,000.00	10-01-2005
20017301	SOUTHEAST MISSOURI STATE UNIV (ESCROW)	3.50	190,000.00	4-01-2005
20017801	SPRINGFIELD COLLEGE	3.00	97,581.45	5-01-2011
20018001	ST.EDWARDS UNIVERSITY	3.63	136,000.00	4-01-2013
20018302	ST. MICHAELS COLLEGE	3.00	80,000.00	4-01-2008
20018601	STILLMAN COLLEGE	3.00	6,000.00	2-01-2007
20018701	FINLANDIA UNIVERSITY	3.50	2,378,056.27	8-06-2014
20018801	SUSQUEHANNA UNIVERSITY	3.00	40,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	285,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	94,710.81	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	340,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	328,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	105,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	428,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY	3.38	2,795,000.00	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3.00	103,000.00	6-01-2021
20020001	UNIVERSITY OF ALABAMA	3.00	1,486,000.00	5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA	3.00	270,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	207,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	88,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	1,010,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3.00	1,350,000.00	4-01-2018
20022401	UNIVERSITY OF SOUTH FLOR./REV CERTS.,83	3.00	1,450,000.00	7-01-2013
20022601	UNIVERSITY OF STEUBENVILLE	3.38	186,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3.00	250,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT	3.00	2,212,000.00	10-01-2019
20023101	VANDERBILT UNIV - 1965 CARMIC TOWERS	3.00	153,895.00	8-01-2005
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	333,950.72	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	980,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	60,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	420,000.00	10-01-2017
	TOTALS:		39,602,397.72

2

GMAC Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
For the Quarter Ended on March 31, 2005

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20010801	LONG ISLAND UNIVERSITY	6-01-2004	8,999.98	453,999.98
20008201	HAMPSHIRE COLLEGE	11-01-2004	17,765.00	51,000.00
TOTAL			26,764.98	504,999.98

GMAC Commercial Mortgage
College and University Loan Trust I
Liquidation Report

For the Quarter Ended on March 31, 2005

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust I

Collection Account Activity Report

For the Quarter Ended June 30, 2005

Collections:

	April		May		June
Principal Payments	1,068,520.94		1,573,406.57		227,171.92
Interest Payments	281,477.05		158,371.84		63,189.39
Total Principal and Interest Collections	1,349,997.99		1,731,778.41		290,361.31
Payments and Reversals Posted to Suspense	(1,689.14	)	—		—
Total Collections	1,348,308.85		1,731,778.41		290,361.31
Less: Servicing Fees (not withheld from remittances)	(4,466.41	)	(2,863.94	)	(1,162.00	)
Net Collections	1,343,842.44		1,728,914.47		289,199.31

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Quarter Ended June 30, 2005

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
April
04-01-05	20000101	ALBION COLLEG	—	14,250.00	14,250.00	950,000.00	261.25
04-01-05	20000601	ALMA COLLEGE	45,000.00	4,350.00	49,350.00	290,000.00	79.75
04-01-05	20001301	AUGSBERG COLL	70,000.00	15,300.00	85,300.00	1,020,000.00	280.50
04-01-05	20001401	AZUSA UNIVERS	40,000.00	9,045.00	49,045.00	603,000.00	165.83
04-01-05	20002101	BIRMINGHAM SO	—	720.00	720.00	48,000.00	13.20
04-01-05	20002102	BIRMINGHAM SO	—	3,540.00	3,540.00	236,000.00	64.90
04-01-05	20002201	BLACKS HILLS	—	210.00	210.00	14,000.00	3.85
04-01-05	20002202	BLACKS HILLS	—	510.00	510.00	34,000.00	9.35
04-01-05	20003001	CASE WESTERN	100,000.00	21,525.00	121,525.00	1,435,000.00	394.63
04-01-05	20004001	COLL.OF ST. T	30,000.00	6,675.00	36,675.00	445,000.00	122.38
04-01-05	20004401	R.I. JR. COLL	10,000.00	4,440.00	14,440.00	296,000.00	81.40
04-01-05	20005201	DANIEL WEBSTE	15,000.00	3,900.00	18,900.00	260,000.00	71.50
04-01-05	20005801	DRAKE UNIV.	40,000.00	10,950.00	50,950.00	730,000.00	200.75
04-01-05	20006401	KS.ST.TEACHER	40,000.00	3,150.00	43,150.00	210,000.00	57.75
04-01-05	20007201	FOOTHILL JUNI	—	600.00	600.00	40,000.00	11.00
04-01-05	20007902	GRAMBLING	—	2,625.00	2,625.00	175,000.00	48.13
04-01-05	20009302	JARVIS CHRIST	25,000.00	6,570.00	31,570.00	438,000.00	120.45
04-01-05	20009502	SACRED HEART	21,000.00	630.00	21,630.00	42,000.00	11.55
04-01-05	20010802	LONG ISLAND U	—	1,931.25	1,931.25	103,000.00	28.33
04-01-05	20012101	MIDDLEBURY CO	40,000.00	14,550.00	54,550.00	970,000.00	266.75
04-01-05	20012601	MISSOURI WEST	—	1,995.00	1,995.00	133,000.00	36.58
04-01-05	20012901	MONTEREY JR C	—	3,450.00	3,450.00	230,000.00	63.25
04-01-05	20013501	NEW ENGLAND C	—	4,676.25	4,676.25	257,999.99	70.95
04-01-05	20013502	NEW ENGLAND C	45,000.00	11,925.00	56,925.00	795,000.00	218.63
04-01-05	20016101	RIVERSIDE HOS	30,000.00	1,215.00	31,215.00	111,000.00	30.53
04-01-05	20016201	RIVIER COLLEG	40,000.00	8,391.88	48,391.88	463,000.00	127.33
04-01-05	20016701	SCRIPPS COLLE	—	420.00	420.00	28,000.00	7.70
04-01-05	20017301	S.E. MISSOURI	190,000.00	3,325.00	193,325.00	190,000.00	52.25
04-01-05	20018001	ST.EDWARDS	13,000.00	2,465.00	15,465.00	136,000.00	37.40
04-01-05	20018302	ST. MICHAELS	25,000.00	1,200.00	26,200.00	80,000.00	22.00
04-07-05	20018701	SUOMI COLLEGE	6,908.32	7,167.20	14,075.52	2,378,056.27	108.99
04-01-05	20019101	TAYLOR UNIV.	—	5,100.00	5,100.00	340,000.00	93.50
04-01-05	20019401	TEXAS COLLEGE	35,000.00	1,575.00	36,575.00	105,000.00	28.88
04-01-05	20021001	UNIV HAWAII	—	4,050.00	4,050.00	270,000.00	74.25
04-01-05	20021701	UNIV. OF NOTR	80,000.00	20,250.00	100,250.00	1,350,000.00	371.25
04-01-05	20022601	UNIV.OF STEUB	20,000.00	3,138.75	23,138.75	186,000.00	51.15
04-01-05	20022602	UNIV.OF STEUB	16,000.00	3,750.00	19,750.00	250,000.00	68.75
04-01-05	20022701	UNIV OF VERMO	59,000.00	33,180.00	92,180.00	2,212,000.00	608.30
04-01-05	20023601	WSTRN WASH. S	—	900.00	900.00	60,000.00	16.50
04-01-05	20023901	XAVIER UNIV.	—	6,300.00	6,300.00	420,000.00	115.50
		TOTALS:	1,035,908.32	249,945.33	1,285,853.65	18,334,056.26	4,496.94

GMAC Commercial Mortgage

College and University Loan Trust I

Paid In Full Loan Schedule

For the Quarter Ended March 31, 2005

Loan Number	Payoff Date	Total Amount	Principal Amount	Interest Amount	Other Fees	Maturity Date
20017301	4-01-05	193,325.00	190,000.00	3,325.00	—	4-01-2005
20022401	5-05-25	1,471,750.00	1,450,000.00	21,750.00	—	7-01-2013
Totals		1,665,075.00	1,640,000.00	25,075.00	—

* Please note that service fees have not yet been deducted.

GMAC Commercial Mortgage

College and University Loan Trust I

Summary of Partial Prepayments

For the Quarter Ended on March 31, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report
				—
	TOTAL:	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Trial Balance

For the Quarter Ended on June 30, 2005

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3.00	950,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	135,000.00	11-01-2007
20000601	ALMA COLLEGE	3.00	245,000.00	4-01-2010
20000902	ANDERSON COLLEGE	3.00	125,000.00	3-01-2010
20001201	ATLANTIC UNION COLLEGE	3.00	169,152.55	5-01-2023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3.00	950,000.00	4-01-2016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3.00	563,000.00	4-01-2017
20001901	BENEDICT COLLEGE SERIES 1974	3.00	23,000.00	11-01-2006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3.00	48,000.00	10-01-2006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	236,000.00	10-01-2010
20002201	BLACK HILLS STATE COLLEGE	3.00	14,000.00	10-01-2005
20002202	BLACK HILLS STATE COLLEGE	3.00	34,000.00	10-01-2007
20002401	BOSTON UNIVERITY	3.00	707,402.21	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	95,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,320,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	442,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,335,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	715,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	415,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	286,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	379,999.99	5-01-2011
20005201	DANIEL WEBSTER COLLEGE	3.00	245,000.00	4-01-2019
20005801	DRAKE UNIVERSITY	3.00	690,000.00	10-01-2012
20006401	EMPORIA STATE UNIVERSITY	3.00	170,000.00	4-01-2009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3.00	89,091.53	11-01-2020
20006801	FLORIDA ATLANTIC UNIVERSITY	3.00	90,000.00	7-01-2006
20006901	FLORIDA INST OF TECH, INC	3.00	8,000.00	2-01-2006
20007201	FOOTHILL COLLEGE	3.00	40,000.00	10-01-2006
20007902	GRAMBLING COLLEGE	3.00	175,000.00	10-01-2005
20008201	HAMPSHIRE COLLEGE	3.00	51,000.00	11-01-2006
20008301	HARCUM COLLEGE	3.00	500,000.00	11-01-2015
20009201	JACKSON STATE COLLEGE	3.00	100,000.00	1-01-2007
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3.00	413,000.00	4-01-2019
20009502	SACRED HEART KANSAS NEWMAN COLLEGE	3.00	21,000.00	4-01-2006
20009702	KENT STATE UNIVERSITY	3.00	520,000.00	12-01-2008
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	123,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	423,999.98	6-01-2016
20010802	LONG ISLAND UNIVERSITY	3.75	103,000.00	10-01-2005
20012001	MICHIGAN STATE UNIVERSITY	3.00	564,992.44	5-01-2020
20012101	MIDDLEBURY COLLEGE	3.00	930,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	40,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	222,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	133,000.00	10-01-2008
20012801	MONTCLAIR STATE COLL (NJEFA) SER 77B	3.00	180,000.00	7-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	230,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	82,200.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	624,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	257,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	750,000.00	4-01-2019

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20013801	NORTH CAROLINA STATE UNIVERSITY	3.00	275,000.00	9-01-2006
20014401	OLD DOMINION UNIVERSITY	3.00	1,254,999.99	6-01-2013
20016101	RIVERSIDE HOSPITAL	3.00	81,000.00	4-01-2007
20016201	RIVIER COLLEGE	3.63	423,000.00	4-01-2014
20016401	CALIFORNIA STATE UNIVERSITY	3.00	320,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	670,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	891,418.08	11-01-2021
20016701	SCRIPPS COLLEGE	3.00	28,000.00	10-01-2005
20017801	SPRINGFIELD COLLEGE	3.00	90,727.26	5-01-2011
20018001	ST.EDWARDS UNIVERSITY	3.63	123,000.00	4-01-2013
20018302	ST. MICHAELS COLLEGE	3.00	55,000.00	4-01-2008
20018601	STILLMAN COLLEGE	3.00	6,000.00	2-01-2007
20018701	FINLANDIA UNIVERSITY	3.50	2,357,037.56	8-06-2014
20018801	SUSQUEHANNA UNIVERSITY	3.00	40,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	285,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	90,365.61	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	340,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	328,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	70,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	428,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY	3.38	2,795,000.00	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3.00	98,000.00	6-01-2021
20020001	UNIVERSITY OF ALABAMA	3.00	1,416,000.00	5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA	3.00	270,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	199,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	88,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	1,010,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3.00	1,270,000.00	4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE	3.38	166,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3.00	234,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT	3.00	2,153,000.00	10-01-2019
20023101	VANDERBILT UNIV - 1965 CARMIC TOWERS	3.00	153,895.00	8-01-2005
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	299,016.11	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	980,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	60,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	420,000.00	10-01-2017
	TOTALS:		36,733,298.29

2

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

For the Quarter Ended on June 30, 2005

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20008201	HAMPSHIRE COLLEGE	11-01-04	17,765.00	51,000.00
20016101	RIVERSIDE HOSPITAL	04-01-05	30,000.00	81,000.00
TOTAL			47,765.00	132,000.00

GMAC Commercial Mortgage

College and University Loan Trust I

Liquidation Report

For the Quarter Ended on March 31, 2005

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust I

Collection Account Activity Report

For the Quarter Ended September 30, 2005

Collections:

	July		August		September
Principal Payments	687,193.27		192,888.37		322,014.45
Interest Payments	43,044.65		13,992.15		67,984.20
Total Principal and Interest Collections	730,237.92		206,880.52		389,998.65
Payments and Reversals Posted to Suspense	—		—		—
Total Collections	730,237.92		206,880.52		389,998.65
Less: Servicing Fees (not withheld from remittances)	(1,068.61	)	(185.62	)	(1,165.05	)
Net Collections	729,169.31		206,694.90		388,833.60

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Quarter Ended September 30, 2005

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
July
07-01-05	20003901	COLL. OF CHAR	55,000.00	10,725.00	65,725.00	715,000.00	196.63
07-01-05	20006801	FLORIDA ATLAN	45,000.00	1,350.00	46,350.00	90,000.00	24.75
07-01-05	20009201	JACKSON ST.	—	1,500.00	1,500.00	100,000.00	27.50
07-01-05	20012401	MISSISSIPPI V	10,000.00	600.00	10,600.00	40,000.00	11.00
07-01-05	20012801	MONTCLAIR COL	43,000.00	2,700.00	45,700.00	223,000.00	61.33
07-07-05	20018701	SUOMI COLLEGE	7,200.83	6,874.69	14,075.52	2,357,037.56	108.03
07-01-05	20020803	UNIV. OF FLOR	—	1,695.00	1,695.00	—	—
07-01-05	20021401	U OF NEBRASKA	5,000.00	1,320.00	6,320.00	88,000.00	24.20
07-01-05	20021603	NORTH CAROLIN	—	15,150.00	15,150.00	1,010,000.00	277.75
07-01-05	20022401	SOUTH FLORIDA	145,000.00	21,750.00	166,750.00	1,450,000.00	398.75
							(61.33	)
		TOTALS:	310,200.83	63,664.69	373,865.52	6,073,037.56	1,068.61

GMAC Commercial Mortgage

College and University Loan Trust I

Paid In Full Loan Schedule

For the Quarter Ended September 30, 2005

Loan Number	Payoff Date	Total Amount	Principal Amount	Interest Amount	Other Fees	Maturity Date
20012001	5-07-06	567,817.40	564,992.44	2,824.96	—	5-01-2020
20023101	5-08-10	156,203.43	153,895.00	2,308.43	—	8-01-2005
20012801	5-09-02	180,000.00	180,000.00	—	—	7-01-2008
Totals		904,020.83	898,887.44	5,133.39	—

* Please note that service fees have not yet been deducted.

GMAC Commercial Mortgage

College and University Loan Trust I

Summary of Partial Prepayments

For the Quarter Ended on September 30, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report
				—
	TOTAL:	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Trial Balance

For the Quarter Ended on September 30, 2005

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3.00	950,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	135,000.00	11-01-2007
20000601	ALMA COLLEGE	3.00	245,000.00	4-01-2010
20000902	ANDERSON COLLEGE	3.00	125,000.00	3-01-2010
20001201	ATLANTIC UNION COLLEGE	3.00	169,152.55	5-01-2023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3.00	950,000.00	4-01-2016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3.00	563,000.00	4-01-2017
20001901	BENEDICT COLLEGE SERIES 1974	3.00	23,000.00	11-01-2006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3.00	48,000.00	10-01-2006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	236,000.00	10-01-2010
20002201	BLACK HILLS STATE COLLEGE	3.00	14,000.00	10-01-2005
20002202	BLACK HILLS STATE COLLEGE	3.00	34,000.00	10-01-2007
20002401	BOSTON UNIVERITY	3.00	707,402.21	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	86,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,320,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	442,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,335,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	660,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	415,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	286,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	379,999.99	5-01-2011
20005201	DANIEL WEBSTER COLLEGE	3.00	245,000.00	4-01-2019
20005801	DRAKE UNIVERSITY	3.00	690,000.00	10-01-2012
20006401	EMPORIA STATE UNIVERSITY	3.00	170,000.00	4-01-2009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3.00	89,091.53	11-01-2020
20006801	FLORIDA ATLANTIC UNIVERSITY	3.00	45,000.00	7-01-2006
20006901	FLORIDA INST OF TECH, INC	3.00	8,000.00	2-01-2006
20007201	FOOTHILL COLLEGE	3.00	40,000.00	10-01-2006
20007902	GRAMBLING COLLEGE	3.00	175,000.00	10-01-2005
20008201	HAMPSHIRE COLLEGE	3.00	51,000.00	11-01-2006
20008301	HARCUM COLLEGE	3.00	500,000.00	11-01-2015
20009201	JACKSON STATE COLLEGE	3.00	100,000.00	1-01-2007
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3.00	413,000.00	4-01-2019
20009502	SACRED HEART KANSAS NEWMAN COLLEGE	3.00	21,000.00	4-01-2006
20009702	KENT STATE UNIVERSITY	3.00	520,000.00	12-01-2008
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	100,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	423,999.98	6-01-2016
20010802	LONG ISLAND UNIVERSITY	3.75	103,000.00	10-01-2005
20012101	MIDDLEBURY COLLEGE	3.00	930,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	30,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	222,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	133,000.00	10-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	230,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	82,200.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	624,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	257,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	750,000.00	4-01-2019
20013801	NORTH CAROLINA STATE UNIVERSITY	3.00	140,000.00	9-01-2006
20014401	OLD DOMINION UNIVERSITY	3.00	1,254,999.99	6-01-2013

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20016101	RIVERSIDE HOSPITAL	3.00	81,000.00	4-01-2007
20016201	RIVIER COLLEGE	3.63	423,000.00	4-01-2014
20016401	CALIFORNIA STATE UNIVERSITY	3.00	320,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	670,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	891,418.08	11-01-2021
20016701	SCRIPPS COLLEGE	3.00	28,000.00	10-01-2005
20017801	SPRINGFIELD COLLEGE	3.00	90,727.26	5-01-2011
20018001	ST.EDWARDS UNIVERSITY	3.63	123,000.00	4-01-2013
20018302	ST. MICHAELS COLLEGE	3.00	55,000.00	4-01-2008
20018601	STILLMAN COLLEGE	3.00	6,000.00	2-01-2007
20018701	FINLANDIA UNIVERSITY	3.50	2,335,828.91	8-06-2014
20018801	SUSQUEHANNA UNIVERSITY	3.00	40,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	285,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	90,365.61	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	340,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	328,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	70,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	428,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY	3.38	2,795,000.00	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3.00	98,000.00	6-01-2021
20020001	UNIVERSITY OF ALABAMA	3.00	1,416,000.00	5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA	3.00	270,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	199,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	83,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	1,010,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3.00	1,270,000.00	4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE	3.38	166,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3.00	234,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT	3.00	2,153,000.00	10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	299,016.11	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	980,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	60,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	420,000.00	10-01-2017
	TOTALS:		35,531,202.20

2

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

For the Quarter Ended on September 30, 2005

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20008201	HAMPSHIRE COLLEGE	11-01-04	17,765.00	51,000.00
20016101	RIVERSIDE HOSPITAL	04-01-05	30,000.00	81,000.00
20010801	LONG ISLAND U	06-01-05	8,999.98	423,999.98
TOTAL			56,764.98	555,999.98

GMAC Commercial Mortgage

College and University Loan Trust I

Liquidation Report

For the Quarter Ended on September 30, 2005

None to report for this period

May 06, 2005

Grace Gorka

Bank One

120 South LaSalle, 4^th Floor

Chicago, IL 60603

RE: College and University Loan Trust One Due Period Report

Section 1306:

A.    Loans delinquent more than six months – See Attached

B.     Loans delinquent less than six months – See Attached

C.    Re-scheduled loans – None to report

D.     Pre-payments – See Attached

E.     Known circumstances that will result in rescheduling of future payments of any loan – none

We certify the above information to be true and correct to the best of our knowledge.

/s/ Darri Cunningham

Darri Cunningham

Vice President

Cc:	Diana Kenneally
	State Street Bank & Trust Co.
	Corporate Trust Dept.
	2 Avenue de Lafayette, 6th Floor
	Boston, MA 02111

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (6+ Months)

As of May 1, 2005

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20010801	LONG ISLAND U	6-01-2004	8,999.98	453,999.98
20008201	HAMPSHIRE COL	11-01-2004	18,275.00	51,000.00
TOTAL			27,274.98	504,999.98

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (less than 6 months)

As of May 1, 2005

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20016101	RIVERSIDE HOS	4-01-2005	30,000.00	81,000.00
20000401	ALFRED UNIVER	5-01-2005	2,025.00	135,000.00
20001201	ATLANTIC UNIO	5-01-2005	5,990.44	172,554.67
20001901	THE BENEDICT	5-01-2005	345.00	23,000.00
20002701	CALIFORNIA ST	5-01-2005	19,800.00	1,320,000.00
20004501	CONCORDIA TEA	5-01-2005	36,150.00	409,999.99
20006502	FAIRLEIGH DIC	5-01-2005	3,614.82	91,336.31
20008301	HARCUM JR COL	5-01-2005	7,500.00	500,000.00
20013301	MORRIS COLLEGE	5-01-2005	9,360.00	624,000.00
20016401	CALIFORNIA ST	5-01-2005	4,800.00	320,000.00
20016501	CALIFORNIA ST	5-01-2005	10,050.00	670,000.00
20018801	SUSQUEHANNA U	5-01-2005	600.00	40,000.00
20018802	SUSQUEHANNA U	5-01-2005	5,165.63	285,000.00
20019201	TEMPLE UNIV	5-01-2005	5,535.00	328,000.00
20020001	UNIV OF ALAB	5-01-2005	92,290.00	1,486,000.00
20021301	UNIV OF MONTE	5-01-2005	11,105.00	207,000.00
20023501	WSTERN MARYLAND	5-01-2005	14,700.00	980,000.00
	TOTALS:		259,030.89	7,672,890.97

GMAC Commercial Mortgage

College and University Loan Trust I

Prepayments

For 6 months ending May 1, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
20005401	12-10-04	269,000.00	269,000.00	—		04-01-2016
20008401	3-31-05	310,000.00	310,000.00	—	1,400.00	11-01-2013
Totals		579,000.00	579,000.00	—	1,400.00

200 Witmer Road

Horsham, PA 19044

www.gmaccm.com

November 17, 2005

Richard C. Tarnas

J.P. Morgan Trust Company

120 South LaSalle, 4^th Floor

Chicago, IL 60603

RE: College and University Loan Trust One Due Period Report

Section 1306:

A.    Loans delinquent more than six months – See Attached

B.     Loans delinquent less than six months – See Attached

C.     Re-scheduled loans – None to report

D.     Pre-payments – See Attached

E.     Known circumstances that will result in rescheduling of future payments of any loan – None

We certify the above information to be true and correct to the best of our knowledge.

/s/ Bryan R. Pollack

Bryan R. Pollack

Vice President, CMBS Investor Reporting

Cc:	Diana Kenneally
	US Bank
	Corporate Trust Dept.
	One Federal Street
	Boston, MA 02110

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (6+ Months)

As of November 1, 2005

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20008201	HAMPSHIRE COL	11-01-04	17,765.00	51,000.00
20016101	RIVERSIDE HOS	04-01-05	30,000.00	81,000.00
TOTAL			47,765.00	132,000.00

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (less than 6 months)

As of November 1, 2005

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20010801	LONG ISLAND U	06-01-05	8,999.98	423,999.98
20019401	TEXAS COLLEGE	10-01-05	1,050.00	70,000.00
20002701	CALIFORNIA ST	11-01-05	169,800.00	1,320,000.00
20004501	CONCORDIA TEA	11-01-05	35,700.00	379,999.99
20006502	FAIRLEIGH DIC	11-01-05	3,614.82	89,091.53
20008301	HARCUM JR COL	11-01-05	47,500.00	500,000.00
20016401	CALIFORNIA ST	11-01-05	19,800.00	320,000.00
20016501	CALIFORNIA ST	11-01-05	40,050.00	670,000.00
20018801	SUSQUEHANNA U	11-01-05	20,600.00	40,000.00
20018802	SUSQUEHANNA U	11-01-05	30,165.63	285,000.00
20019201	TEMPLE UNIV	11-01-05	35,535.00	328,000.00
20020001	UNIV OF ALAB	11-01-05	21,240.00	1,416,000.00
20021301	UNIV OF MONTE	11-01-05	2,985.00	199,000.00
	TOTALS:		437,040.43	6,041,091.50

GMAC Commercial Mortgage

College and University Loan Trust I

Prepayments

For 6 months ending November 1, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
None to Report.
Totals		—	—	—	—

May 18, 2005

Gregory A. Kwasny

JP Morgan

227 West Monroe, 26^th Floor

Chicago, IL 60606

RE: College and University Loan Trust One Payment Date Report

•      Due period amounts billed through May 1, 2005

$ 2,778,910.00

•      Due period amounts billed and not received through May 1, 2005

$ 259,541.00

•      Due period amounts billed and received May 2, 2004 through May 17, 2005

$ 229,031.00

We certify the above information to be true and correct to the best of our knowledge.

/s/ Darri Cunningham

Darri Cunningham

VP, Investor Operations

Cc:	Diana Kenneally
	US Bank
	One Federal Street
	3rd Floor
	Boston, MA 02111

200 Witmer Road

Horsham, PA 19044

www.gmaccm.com

November 17, 2005

Richard C. Tarnas

JP Morgan Trust Company

227 West Monroe, 26^th Floor

Chicago, IL 60606

RE: College and University Loan Trust One Payment Date Report

•      Due period amounts billed through November 1, 2005

$ 2,865,142.00

•      Due period amounts billed and not received through November 1, 2005

$ 445,550.00

•      Due period amounts billed and received November 2, 2005 through November 16, 2005

$ 426,990.00

We certify the above information to be true and correct to the best of our knowledge.

/s/ Bryan R.Pollack

Bryan R.Pollack

Vice President, CMBS Investor Reporting

Cc:	Diana Kenneally
	US Bank
	One Federal Street 3rd Floor Boston, MA 02111