Aames 2002-1

Mortgage Pass-Through Certificates

Series 2002-1

Collection Account Report for May 28, 2002 Distribution

Collection Account Report

SUMMARY		TOTAL
	Principal Collections	603,286.97
	Principal Withdrawals	0.00
	Principal Other Accounts	117.89
	TOTAL NET PRINCIPAL	603,404.86
	Interest Collections	1,351,127.40
	Interest Withdrawals	0.00
	Interest Fees	(74,979.72)
	Capitalized Interest Requirement	0.00
	TOTAL NET INTEREST	1,276,147.68
	TOTAL AVAILABLE FUNDS TO BONDHOLDERS	1,879,552.54
PRINCIPAL - COLLECTIONS		TOTAL
	Scheduled Principal	110,203.38
	Curtailments	0.00
	Prepayments in Full	327,083.59
	Repurchases/Substitutions Shortfalls	166,000.00
	Liquidations	0.00
	Insurance Principal	0.00
	Other Additional Principal	0.00
	Delinquent Principal	0.00
	Advanced Principal	0.00
	Realized Losses	0.00
	Mortgage Replacement Amount	0.00
	TOTAL PRINCIPAL COLLECTED	603,286.97

Page 6 of 23 © COPYRIGHT 2002 Deutsche Bank

Aames 2002-1

Mortgage Pass-Through Certificates

Series 2002-1

Collection Account Report for May 28, 2002 Distribution

Collection Account Report

PRINCIPAL - WITHDRAWALS		TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS		TOTAL
	Prefunded Release Amount	117.89
	TOTAL OTHER ACCOUNTS PRINCIPAL	117.89
INTEREST - COLLECTIONS		TOTAL
	Scheduled Interest	1,349,605.73
	Repurchases/Substitutions	1,521.67
	Liquidations	0.00
	Month End Interest (PPIS)	(977.36)
	Delinquent Interest	0.00
	Realized Losses	0.00
	Compensating Month End Interest	977.36
	Other Interest Shortfall (Relief Act)	0.00
	Interest Advanced	0.00
	Prepayment Penalties	0.00
	Capitalized Interest Requirement	0.00
	TOTAL INTEREST COLLECTED	1,351,127.40

Page 7 of 23 © COPYRIGHT 2002 Deutsche Bank

Aames 2002-1

Mortgage Pass-Through Certificates

Series 2002-1

Collection Account Report for May 28, 2002 Distribution

Collection Account Report

INTEREST - WITHDRAWALS		TOTAL
SPACE INTENTIONALLY LEFT BLANK
INTEREST - OTHER ACCOUNTS		TOTAL
	Capitialized Interest Requirement	0.00
	TOTAL OTHER ACCOUNT INTEREST	0.00
INTEREST - FEES		TOTAL
	Current Servicing Fees	72,795.84
	Trustee Fee	2,183.88
	TOTAL INTEREST OTHER FEES	74,979.72

Page 8 of 23 © COPYRIGHT 2002 Deutsche Bank