Aames 2002-1

Mortgage Pass-Through Certificates

Series 2002-1

Collateral Report for May 28, 2002 Distribution

Collateral Report

COLLATERAL		TOTAL
	Loan Count:
	Original	1493
	Prior	1,491
	Prefunding	461
	Scheduled Paid Offs	-
	Full Voluntary Prepayments	-
	Repurchases	-
	Liquidations	-
	Current	1,952
	Principal Balance:
	Original	132,835,928.78
	Prior	132,546,037.82
	Prefunding	42,163,982.11
	Scheduled Principal	(110,203.38)
	Partial and Full Voluntary Prepayments	(327,083.59)
	Repurchases	(166,000.00)
	Liquidations	-
	Current	174,106,732.96
PREFUNDING		TOTAL
	Initial Prefunding Account Balance	42,164,100.00
	Beginning Prefunding Account Balance	42,164,100.00
	Current Period Prefunded Amount	42,163,982.11
	Prefunding Account Release	117.89
	Ending Prefunding Account Balance	(0.00)

Current Prin Balance by Groups (im millions of dollars) Total Current Principal Balance (in millions of dollars)

Page 10 of 23 © COPYRIGHT 2002 Deutsche Bank

Aames 2002-1

Mortgage Pass-Through Certificates

Series 2002-1

Collateral Report for May 28, 2002 Distribution

Collateral Report

CHARACTERISTICS		TOTAL
	Weighted Average Coupon Original	9.312857%
	Weighted Average Coupon Prior	9.312857%
	Weighted Average Coupon Current	9.280251%
	Weighted Average Months to Maturity Original	313
	Weighted Average Months to Maturity Prior	313
	Weighted Average Months to Maturity Current	320
	Weighted Avg Remaining Amortization Term Original	326
	Weighted Avg Remaining Amortization Term Prior	326
	Weighted Avg Remaining Amortization Term Current	-
	Weighted Average Seasoning Original	2.01
	Weighted Average Seasoning Prior	2.01
	Weighted Average Seasoning Current	-
Note: Original information refers to deal issue.

WAC by Groups Total WAC

WARAT by Groups Total WARAT

Page 11 of 23 © COPYRIGHT 2002 Deutsche Bank

Aames 2002-1

Mortgage Pass-Through Certificates

Series 2002-1

Collateral Report for May 28, 2002 Distribution

Collateral Report

ARM CHARACTERISTICS		TOTAL
	Weighted Average Margin Original	0.743%
	Weighted Average Margin Prior	0.743%
	Weighted Average Margin Current	0.000%
	Weighted Average Max Rate Original	1.647%
	Weighted Average Max Rate Prior	1.647%
	Weighted Average Max Rate Current	0.000%
	Weighted Average Min Rate Original	0.985%
	Weighted Average Min Rate Prior	0.985%
	Weighted Average Min Rate Current	0.000%
	Weighted Average Cap Up Original	0.331%
	Weighted Average Cap Up Prior	0.331%
	Weighted Average Cap Up Current	0.000%
	Weighted Average Cap Down Original	0.110%
	Weighted Average Cap Down Prior	0.110%
	Weighted Average Cap Down Current	0.000%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES		TOTAL
	Current Servicing Fees	72,795.84
	Delinquent Servicing Fees	0.00
	Trustee Fees	2,183.88
	TOTAL SERVICING FEES	74,979.72
	Total Servicing Fees	74,979.72
	Compensating Month End Interest	977.36
	Delinquent Servicing Fees	0.00
	COLLECTED SERVICING FEES	75,957.08
	Prepayment Interest Shortfall	977.36
	Total Advanced Interest	0.00
ADDITIONAL COLLATERAL INFORMATION		TOTAL
SPACE INTENTIONALLY LEFT BLANK

Page 12 of 23 © COPYRIGHT 2002 Deutsche Bank