Aames 2001-1

Mortgage Pass-Through Certificates

Collection Account Report for May 25, 2001 Distribution

Collection Account Report

SUMMARY		GROUP 2	GROUP 1	TOTAL
	Principal Collections	16,321.23	1,141,222.52	1,157,543.75
	Principal Withdrawals	0.00	0.00	0.00
	Principal Other Accounts	0.00	0.00	0.00
	TOTAL NET PRINCIPAL	16,321.23	1,141,222.52	1,157,543.75
	Interest Collections	264,890.09	1,034,996.76	1,299,886.85
	Interest Withdrawals	0.00	0.00	0.00
	Interest Other Accounts	0.00	0.00	0.00
	Interest Fees	(2,395.11)	(12,644.49)	(15,039.60)
	TOTAL NET INTEREST	262,494.98	1,022,352.27	1,284,847.25
	TOTAL AVAILABLE FUNDS TO BONDHOLDERS	278,816.21	2,163,574.79	2,442,391.00
PRINCIPAL - COLLECTIONS		GROUP 2	GROUP 1	TOTAL
	Scheduled Principal	16,321.23	68,903.81	85,225.04
	Curtailments	0.00	0.00	0.00
	Prepayments in Full	0.00	946,871.13	946,871.13
	Repurchases/Substitutions Shortfalls	0.00	0.00	0.00
	Liquidations	0.00	137,143.54	137,143.54
	Insurance Principal	0.00	0.00	0.00
	Other Additional Principal	0.00	0.00	0.00
	Delinquent Principal	0.00	0.00	0.00
	Advanced Principal	0.00	0.00	0.00
	Realized Losses	0.00	(11,695.96)	(11,695.96)
	Mortgage Replacement Amount	0.00	0.00	0.00
	TOTAL PRINCIPAL COLLECTED	16,321.23	1,141,222.52	1,157,543.75

Page 8 of 27 © COPYRIGHT 2001 Deutsche Bank

Aames 2001-1

Mortgage Pass-Through Certificates

Collection Account Report for May 25, 2001 Distribution

Collection Account Report

PRINCIPAL - WITHDRAWALS		GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS		GROUP 2	GROUP 1	TOTAL
	Prefunded Release Amount	0.00	0.00	0.00
	TOTAL OTHER ACCOUNTS PRINCIPAL	0.00	0.00	0.00
INTEREST - COLLECTIONS		GROUP 2	GROUP 1	TOTAL
	Scheduled Interest	277,209.64	1,068,508.60	1,345,718.24
	Repurchases/Substitutions	0.00	0.00	0.00
	Liquidations	0.00	1,541.72	1,541.72
	Month End Interest (PPIS)	0.00	(4,713.90)	(4,713.90)
	Delinquent Interest	(262,703.30)	(993,859.27)	(1,256,562.57)
	Realized Losses	0.00	0.00	0.00
	Compensating Month End Interest	0.00	4,713.90	4,713.90
	Other Interest Shortfall (Relief Act)	0.00	0.00	0.00
	Interest Advanced	250,383.75	947,933.94	1,198,317.69
	Prepayment Penalties	0.00	10,871.77	10,871.77
	TOTAL INTEREST COLLECTED	264,890.09	1,034,996.76	1,299,886.85

Page 9 of 27 © COPYRIGHT 2001 Deutsche Bank

Aames 2001-1

Mortgage Pass-Through Certificates

Collection Account Report for May 25, 2001 Distribution

Collection Account Report

INTEREST - WITHDRAWALS		GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
INTEREST - OTHER ACCOUNTS		GROUP 2	GROUP 1	TOTAL
	Capitialized Interest Requirement	0.00	0.00	0.00
	TOTAL OTHER ACCOUNT INTEREST	0.00	0.00	0.00
INTEREST - FEES		GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees	686.81	3,485.19	4,172.00
	Trustee Fee	390.19	1,482.32	1,872.51
	PMI Premium	1,318.11	7,676.98	8,995.09
	TOTAL INTEREST OTHER FEES	2,395.11	12,644.49	15,039.60

Page 10 of 27 © COPYRIGHT 2001 Deutsche Bank