SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): ~~April~~May 2527, 2003 MORGAN STANLEY DEAN WITTER CAPITAL I INC. (as Depositor, The Provident Bank as Servicer, NC Capital Corporation, as Responsible Party and Deutsche Bank National Trust Company, as Trustee). MORGAN STANLEY DEAN WITTER CAP I MRT PS THR CERT SER 2003 NC3 (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-83986-18 13-3291626 (Commission File Number) (I.R.S. Employer Identification No.) 1585 BROADWAY, 2ND FLOOR NEW YORK, NEW YORK 10036 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (212) 761-4700 Item 5. Other Events Attached hereto is a copy of the Monthly Remittance Statements to the Certificateholders which was derived from the monthly information submitted by the Master Servicer of the Trust to the Trustee. Item 7. Financial Statement and Exhibits Exhibits: (as noted in Item 5 above) Monthly Remittance Statement to the Certificateholders dated as of ~~April~~May 2527, 2003. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Deutsche Bank National Trust Company, not in its individual capacity, but solely as a duly authorized agent of the Registrant pursuant to the Pooling and Servicing Agreement, dated as of March 1,2003. Date: ~~May~~Jun 0104, 2003 By: /s/ David Co David Co Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of ~~April~~May 2527, 2003.

	Morgan Stanley Dean Witter Capital I Inc Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Mortgage Pass-Through Certificates
	April 25, 2003 Distribution
	May 27, 2003 Distribution
	Contents
			TABLE OF CONTENTS
								Page
			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				4
			4.	Credit Enhancement Report				7
			5.	Collateral Report				8
			6.	Delinquency Report				11
			7.	REO Report				15
			8.	Foreclosure Report				16
			9.	Prepayment Report				17
			10.	Prepayment Detail Report				20
			11.	Realized Loss Report				21
			12.	Realized Loss Detail Report				24
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				25
				Total Number of Pages				25
			CONTACTS
				Administrator: Jeremy Conyers
				Direct Phone Number: (714)247-6274
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705
				Web Site: https://www.corporatetrust.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000
ISSUANCE INFORMATION
	Seller:		Morgan Stanley Dean Witter					Cut-Off Date: March 1, 2003
	Certificate Insurer(s):							Closing Date: March 26, 2003
								First Payment Date: April 25, 2003
	Servicer(s):		Provident Bank Master Servicer
								Distribution Date: April 25, 2003
								Distribution Date: May 27, 2003
	Underwriter(s):		Morgan Stanley Dean Witter					Record Date: ~~April~~May 2423, 2003
								March 31, 2003
								April 30, 2003
						Page 1 of 25					© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Mortgage Pass-Through Certificates
	REMIC II Series 2003-NC3
	Certificate Payment Report for April 25, 2003 Distribution
	Certificate Payment Report for May 27, 2003 Distribution
	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
A-1	FLT	324,039,000.00			~~324~~321,~~039~~960,~~000~~611.0054	~~493~~526,~~316~~584.9747	23,~~078~~803,~~388~~283.4688	24,~~571~~329,~~705~~868.4335	-	-	~~321~~318,~~960~~157,~~611~~327.5466
A-2	FLT	190,239,000.00			~~190~~189,~~239~~593,~~000~~078.0058	~~267~~286,~~425~~496.3021	~~645~~2,~~921~~170,277.4265	~~913~~2,~~346~~456,773.7286	-	-	~~189~~187,~~593~~422,~~078~~800.5893
A-3	FLT	50,000,000.00			5049,~~000~~582,~~000~~274.0076	7175,~~120~~805.0079	~~417~~384,~~725~~083.2460	~~488~~459,~~845~~889.2439	-	-	49,~~582~~198,~~274~~191.7616
M-1	MEZ, FLT	42,843,000.00			42,843,000.00	7884,~~791~~543.1352	-	7884,~~791~~543.1352	-	-	42,843,000.00
M-2	MEZ, FLT	36,573,000.00			36,573,000.00	~~100~~107,~~175~~280.8980	-	~~100~~107,~~175~~280.8980	-	-	36,573,000.00
M-3	MEZ, FLT	12,191,000.00			12,191,000.00	3638,~~134~~686.9411	-	3638,~~134~~686.9411	-	-	12,191,000.00
B-1	SUB, FLT	8,708,000.00			8,708,000.00	3133,~~253~~438.5972	-	3133,~~253~~438.5972	-	-	8,708,000.00
B-2	SUB, FLT	10,450,000.00			10,450,000.00	4447,~~037~~094.0067	-	4447,~~037~~094.0067	-	-	10,450,000.00
B-3	SUB, FLT	6,967,000.00			6,967,000.00	2931,~~359~~397.4095	-	2931,~~359~~397.4095	-	-	6,967,000.00
X	EXE	14,629,551.00			14,629,~~551~~430.0048	3,~~105~~006,~~777~~546.4695	~~120.52~~-	3,~~105~~006,~~897~~546.9895	-	-	14,629,430.48
P	SUB	-			-	4785,~~450~~473.5736	-	4785,~~450~~473.5736	-	-	-
UT-R	R	-			-	-	-	-	-	-	-
Total		696,639,551.00			~~696~~693,~~639~~497,~~551~~395.0036	4,~~304~~323,~~842~~348.2555	36,~~142~~357,~~155~~645.6413	710,~~446~~680,~~997~~993.8968	-	-	~~693~~687,~~497~~139,~~395~~750.3623
	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)
A-1	0304/2625/03	0405/2426/03		A-Act/360	61745MPT4	324,039,000.00	~~1,000~~993.~~000000~~585993	1.~~522400~~625065	611.~~414007~~737118	713.~~936407~~362183	~~993~~981.~~585993~~848875
A-2	0304/2625/03	0405/2426/03		A-Act/360	61745MPL1	190,239,000.00	~~1,000~~996.~~000000~~604685	1.~~405733~~505980	311.~~395315~~408164	412.~~801049~~914144	~~996~~985.~~604685~~196521
A-3	0304/2625/03	0405/2426/03		A-Act/360	61745MPV9	50,000,000.00	~~1,000~~991.~~000000~~645495	1.~~422400~~516116	87.~~354505~~681672	9.~~776905~~197788	~~991~~983.~~645495~~963823
M-1	0304/2625/03	0405/2426/03		A-Act/360	61745MPM9	42,843,000.00	1,000.000000	1.~~839067~~973333	-	1.~~839067~~973333	1,000.000000
M-2	0304/2625/03	0405/2426/03		A-Act/360	61745MPN7	36,573,000.00	1,000.000000	2.~~739067~~933333	-	2.~~739067~~933333	1,000.000000
M-3	0304/2625/03	0405/2426/03		A-Act/360	61745MPP2	12,191,000.00	1,000.000000	23.~~964067~~173334	-	23.~~964067~~173334	1,000.000000
B-1	0304/2625/03	0405/2426/03		A-Act/360	61745MPQ0	8,708,000.00	1,000.000000	3.~~589066~~840000	-	3.~~589066~~840000	1,000.000000
B-2	0304/2625/03	0405/2426/03		A-Act/360	61745MPR8	10,450,000.00	1,000.000000	4.~~214067~~506667	-	4.~~214067~~506667	1,000.000000
B-3	0304/2625/03	0405/2426/03		A-Act/360	61745MPS6	6,967,000.00	1,000.000000	4.~~214066~~506667	-	4.~~214066~~506667	1,000.000000
X	04/25/03	05/26/03		A-Act/360		14,629,551.00	~~1,000~~999.~~000000~~991762	~~212~~205.~~294790~~511909	~~0.008238~~-	~~212~~205.~~303028~~511909	999.991762
P				-		-	-	-	-	-	-
UT-R				-		-	-	-	-	-	-
							Page 2 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Mortgage Pass-Through Certificates
	REMIC II Series 2003-NC3
	Certificate Payment Report for April 25, 2003 Distribution
	Certificate Payment Report for May 27, 2003 Distribution
	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
A-1	324,039,000.00		~~493~~1,~~316~~019,901.9744		15,~~737~~231,~~303~~932.2406	~~341~~649,~~085~~740.2228	25,~~078~~881,~~388~~672.4634	26,~~571~~901,~~705~~573.4378	-	-	~~321~~318,~~960~~157,~~611~~327.5466
A-2	190,239,000.00		~~267~~553,~~425~~921.3051		~~539~~2,~~918~~534,068.9801	~~106~~282,~~002~~131.4407	~~645~~2,~~921~~816,199.4207	~~913~~3,~~346~~370,120.7258	-	-	~~189~~187,~~593~~422,~~078~~800.5893
A-3	50,000,000.00		71146,~~120~~925.0079		~~349~~702,~~172~~085.1751	6899,~~553~~723.0733	~~417~~801,~~725~~808.2484	~~488~~948,~~845~~734.2463	-	-	49,~~582~~198,~~274~~191.7616
M-1	42,843,000.00		78163,~~791~~334.1365		-0.00	-	-	78163,~~791~~334.1365	-	-	42,843,000.00
M-2	36,573,000.00		~~100~~207,~~175~~456.8969		-	-	-	~~100~~207,~~175~~456.8969	-	-	36,573,000.00
M-3	12,191,000.00		3674,~~134~~821.9405		-	-	-	3674,~~134~~821.9405	-	-	12,191,000.00
B-1	8,708,000.00		3164,~~253~~692.5931		-	-	-	3164,~~253~~692.5931	-	-	8,708,000.00
B-2	10,450,000.00		4491,~~037~~131.0067		-	-	-	4491,~~037~~131.0067	-	-	10,450,000.00
B-3	6,967,000.00		2960,~~359~~757.4035		-	-	-	2960,~~359~~757.4035	-	-	6,967,000.00
X	14,629,551.00		36,~~105~~112,~~777~~324.4641		100.74	19.78	120.52	36,~~105~~112,~~897~~444.9893	-	-	14,629,430.48
P	-		47132,~~450~~923.5793		-	-	-	47132,~~450~~923.5793	-	-	-
UT-R	-		-		-	-	-	-	-	-	-
Total	696,639,551.00		48,~~304~~628,~~842~~190.2580		28,~~626~~468,~~495~~186.1332	~~515~~1,~~660~~031,614.5145	39,~~142~~499,~~155~~800.6477	718,~~446~~127,~~997~~991.8957	-	-	~~693~~687,~~497~~139,~~395~~750.3623
	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
A-1	1.~~82688~~84000%	~~324~~321,~~039~~960,~~000~~611.0054			~~493~~526,~~316~~584.9747	-	-	-	~~493~~526,~~316~~584.9747	~~493~~526,~~316~~584.9747	-
A-2	1.~~68688~~70000%	~~190~~189,~~239~~593,~~000~~078.0058			~~267~~286,~~425~~496.3021	-	-	-	~~267~~286,~~425~~496.3021	~~267~~286,~~425~~496.3021	-
A-3	1.~~70688~~72000%	5049,~~000~~582,~~000~~274.0076			7175,~~120~~805.0079	-	-	-	7175,~~120~~805.0079	7175,~~120~~805.0079	-
M-1	2.~~20688~~22000%	42,843,000.00			7884,~~791~~543.1352	-	-	-	7884,~~791~~543.1352	7884,~~791~~543.1352	-
M-2	3.~~28688~~30000%	36,573,000.00			~~100~~107,~~175~~280.8980	-	-	-	~~100~~107,~~175~~280.8980	~~100~~107,~~175~~280.8980	-
M-3	3.~~55688~~57000%	12,191,000.00			3638,~~134~~686.9411	-	-	-	3638,~~134~~686.9411	3638,~~134~~686.9411	-
B-1	4.~~30688~~32000%	8,708,000.00			3133,~~253~~438.5972	-	-	-	3133,~~253~~438.5972	3133,~~253~~438.5972	-
B-2	5.~~05688~~07000%	10,450,000.00			4447,~~037~~094.0067	-	-	-	4447,~~037~~094.0067	4447,~~037~~094.0067	-
B-3	5.~~05688~~07000%	6,967,000.00			2931,~~359~~397.4095	-	-	-	2931,~~359~~397.4095	2931,~~359~~397.4095	-
X	5.~~34987~~20241%	14,629,~~551~~430.0048			3,~~105~~006,~~777~~546.4695	-	-	-	3,~~105~~006,~~777~~546.4695	3,~~105~~006,~~777~~546.4695	-
P		-			4785,~~450~~473.5736	-	-	-	4785,~~450~~473.5736	4785,~~450~~473.5736	-
UT-R		-			-	-	-	-	-	-	-
Total		~~696~~693,~~639~~497,~~551~~395.0036			4,~~304~~323,~~842~~348.2555	-	-	-	4,~~304~~323,~~842~~348.2555	4,~~304~~323,~~842~~348.2555	-
							Page 3 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Mortgage Pass-Through Certificates
	Collection Account Report for April 25, 2003 Distribution
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report
SUMMARY					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Principal Collections				~~417~~384,~~741~~083.2660	~~645~~2,~~946~~170,277.2065	23,~~078~~803,~~468~~283.1888	36,~~142~~357,~~155~~645.6413
	Principal Other Accounts				0.00	0.00	0.00	0.00
	TOTAL NET PRINCIPAL				~~417~~384,~~741~~083.2660	~~645~~2,~~946~~170,277.2065	23,~~078~~803,~~468~~283.1888	36,~~142~~357,~~155~~645.6413
	Interest Collections				~~424~~420,~~446~~205.8885	1,~~443~~436,~~510~~544.0864	2,~~455~~433,~~094~~824.9349	4,~~323~~290,~~051~~574.8998
	Interest Withdrawals				0.00	0.00	0.00	0.00
	Interest Other Accounts				0.00	0.00	0.00	0.00
	Interest Fees				(64,~~161~~883.16)	(2017,~~210~~159.4322)	(3930,~~288~~657.6241)	(6552,~~660~~699.2179)
	TOTAL NET INTEREST				~~418~~415,~~285~~322.7269	1,~~423~~419,~~299~~385.6542	2,~~415~~403,~~806~~167.3108	4,~~257~~237,~~391~~875.6819
	TOTAL PRINCIPAL & INTEREST DISTRIBUTABLE				~~836~~799,~~026~~406.9829	23,~~069~~589,~~245~~663.8507	46,~~494~~206,~~274~~450.4996	710,~~399~~595,~~547~~520.32
	Prepayment Penalties Collected							4785,~~450~~473.5736
	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION							710,~~446~~680,~~997~~993.8968
PRINCIPAL - COLLECTIONS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Scheduled Principal Received				57,~~117~~573.5047	163,~~204~~366.4190	295,~~338~~013.6057	515,~~660~~953.5194
	Prepayments In Full				~~329~~319,~~638~~382.1338	~~469~~1,~~935~~995,276.3771	13,~~761~~480,~~190~~391.3634	25,~~560~~795,~~763~~050.8643
	Curtailments				~~329~~7,~~638~~127.1375	1211,~~806~~634.4204	2127,~~939~~878.2297	~~364~~46,~~383~~640.7776
	Liquidations				0.00	0.00	0.00	0.00
	Insurance Principal				0.00	0.00	0.00	0.00
	Repurchased Principal Amounts				0.00	0.00	0.00	0.00
	Other Principal				0.00	0.00	0.00	0.00
	Total Realized Loss Of Principal				0.00	0.00	0.00	0.00
	Delinquent Principal				(4346,~~034~~843.0063)	(~~133~~137,~~471~~390.6692)	(~~227~~243,~~320~~620.9274)	(~~403~~427,~~826~~855.5829)
	Advanced Principal				4346,~~034~~843.0063	~~133~~137,~~471~~390.6692	~~227~~243,~~320~~620.9274	~~403~~427,~~826~~855.5829
	TOTAL PRINCIPAL COLLECTED				~~417~~384,~~741~~083.2660	~~645~~2,~~946~~170,277.2065	23,~~078~~803,~~468~~283.1888	36,~~142~~357,~~155~~645.6413
				Page 4 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Mortgage Pass-Through Certificates
	Collection Account Report for April 25, 2003 Distribution
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report
PRINCIPAL - WITHDRAWALS					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
INTEREST - COLLECTIONS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Scheduled Interest				~~444~~441,~~339~~200.7539	1,~~522~~518,~~431~~244.7992	2,~~584~~571,~~660~~143.0957	4,~~551~~530,~~431~~588.6388
	Liquidation Interest				0.00	0.00	0.00	0.00
	Repurchased Interest				0.00	0.00	0.00	0.00
	Insurance Interest				0.00	0.00	0.00	0.00
	Other Interest				0.00	0.00	0.00	0.00
	Relief Act Interest Shortfalls				0.00	0.00	0.00	0.00
	Net Prepayment Interest Shortfalls				0.00	0.00	0.00	0.00
	Delinquent Interest				(~~339~~362,~~269~~091.2233)	(1,~~229~~272,~~048~~154.9873)	(2,~~014~~138,~~767~~970.1218)	(3,~~583~~773,~~085~~216.3224)
	Interest Advanced				~~319~~341,~~376~~096.3579	1,~~150~~190,~~127~~454.2745	12,~~885~~001,~~201~~651.9610	3,~~354~~533,~~705~~202.5834
	TOTAL INTEREST COLLECTED				~~424~~420,~~446~~205.8885	1,~~443~~436,~~510~~544.0864	2,~~455~~433,~~094~~824.9349	4,~~323~~290,~~051~~574.8998
				Page 5 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Mortgage Pass-Through Certificates
	Collection Account Report for April 25, 2003 Distribution
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report
INTEREST - WITHDRAWALS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Trust Fund Expenses							0.00
	Nonrecoverable Advances							0.00
	Reimbursements to Master Servicer							0.00
	TOTAL INTEREST WITHDRAWALS							0.00
INTEREST - OTHER ACCOUNTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	TOTAL INTEREST OTHER ACCOUNTS				0.00	0.00	0.00	0.00
INTEREST - FEES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees				54,~~826~~551.8007	1815,~~938~~890.2554	3728,~~121~~501.6974	6148,~~886~~943.7435
	Trustee Fees				~~334~~332.3609	1,~~272~~268.1868	2,~~166~~155.9367	3,~~773~~756.4744
	TOTAL INTEREST OTHER FEES				64,~~161~~883.16	2017,~~210~~159.4322	3930,~~288~~657.6241	6552,~~660~~699.2179
				Page 6 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Mortgage Pass-Through Certificates
	Credit Enhancement Report for April 25, 2003 Distribution
	Credit Enhancement Report for May 27, 2003 Distribution
	Credit Enhancement Report
ACCOUNTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Excess Reserve Fund Balance (Ending)							0.00
INSURANCE					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Beginning Subordinated Amount							14,629,~~551~~430.0957
	Ending Subordinated Amount							14,629,430.57
	Specified Subordinated Amount							14,629,430.57
	Senior Enhancement Percentage							19.0926%
				Page 7 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Mortgage Pass-Through Certificates
	Collateral Report for April 25, 2003 Distribution
	Collateral Report for May 27, 2003 Distribution
	Collateral Report
COLLATERAL					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Loan Count:
	Original				611	1145	2639	4395
	Prior				-610	-1,142	-2,626	-4,378
	Prefunding				-	-	-	-
	Scheduled Paid Offs				-	-	-	-
	Full Voluntary Prepayments				(13)	(36)	(1320)	(1729)
	Repurchases				-	-	-	-
	Liquidations				-	-	-	-
	Current				~~610~~607	1,~~142~~136	2,~~626~~606	4,~~378~~349
	Principal Balance:
	Original				61,727,204.12	234,863,899.31	400,048,447.66	696,639,551.09
	Prior				-61,309,462.86	-234,217,953.11	-397,969,979.48	-693,497,395.45
	Prefunding				-	-	-	-
	Scheduled Principal				(57,~~117~~573.5047)	(163,~~204~~366.4190)	(295,~~338~~013.6057)	(515,~~660~~953.5194)
	Partial and Full Voluntary Prepayments				(~~360~~326,~~623~~510.7613)	(~~482~~2,~~741~~006,910.7975)	(13,~~783~~508,~~129~~270.5831)	(25,~~626~~841,~~495~~691.1319)
	Repurchases				-	-	-	-
	Liquidations				-	-	-	-
	Current				6160,~~309~~925,~~462~~379.8626	~~234~~232,~~217~~047,~~953~~675.1146	~~397~~394,~~969~~166,~~979~~695.4860	~~693~~687,~~497~~139,~~395~~750.4532
PREFUNDING					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
	Group 1		Group 3
	Group 2
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
				Page 8 of 25				© COPYRIGHT 2003 Deutsche Bank
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	Collateral Report
CHARACTERISTICS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Weighted Average Coupon Original				8.638131%	7.778625%	7.753041%	7.840092%
	Weighted Average Coupon Prior				8.638131%	7.778625%	7.753041%	7.840092%
	Weighted Average Coupon Current				8.~~638131~~635542%	7.~~778625~~778626%	7.~~753041~~752776%	7.~~840092~~839549%
	Weighted Average Months to Maturity Original				315	346	354	348
	Weighted Average Months to Maturity Prior				-315	-346	-354	-348
	Weighted Average Months to Maturity Current				~~315~~314	~~346~~345	~~354~~353	~~348~~347
	Weighted Avg Remaining Amortization Term Original				315	346	354	348
	Weighted Avg Remaining Amortization Term Prior				-315	-346	-354	-348
	Weighted Avg Remaining Amortization Term Current				~~315~~314	~~346~~345	~~354~~353	~~348~~347
	Weighted Average Seasoning Original				3.22	3.24	3.12	3.17
	Weighted Average Seasoning Prior				-3.22	-3.24	-3.12	-3.17
	Weighted Average Seasoning Current				34.22	34.24	34.12	34.17
Note: Original information refers to deal issue.
	Group 1		Group 3
	Group 2
WAC by Groups					Total WAC
WARAT by Groups					Total WARAT
Note: Dates correspond to distribution dates.
				Page 9 of 25				© COPYRIGHT 2003 Deutsche Bank
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ARM CHARACTERISTICS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Weighted Average Margin Original				2.696%	3.454%	5.601%
	Weighted Average Margin Prior				2.696%	3.454%	5.601%
	Weighted Average Margin Current				2.~~696~~678%	3.~~454~~451%	5.~~601~~599%
	Weighted Average Max Rate Original				6.221%	8.134%	12.656%
	Weighted Average Max Rate Prior				6.221%	8.134%	12.656%
	Weighted Average Max Rate Current				6.~~221~~171%	8.~~134~~129%	12.~~656~~649%
	Weighted Average Min Rate Original				3.261%	4.227%	6.711%
	Weighted Average Min Rate Prior				3.261%	4.227%	6.711%
	Weighted Average Min Rate Current				3.~~261~~231%	4.~~227~~225%	6.~~711~~708%
	Weighted Average Cap Up Original				0.689%	0.971%	1.294%
	Weighted Average Cap Up Prior				0.689%	0.971%	1.294%
	Weighted Average Cap Up Current				0.~~689~~685%	0.971%	1.294%
	Weighted Average Cap Down Original				0.689%	0.971%	1.294%
	Weighted Average Cap Down Prior				0.689%	0.971%	1.294%
	Weighted Average Cap Down Current				0.~~689~~685%	0.971%	1.294%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees				54,~~826~~551.8007	1815,~~938~~890.2554	3728,~~121~~501.6974	6148,~~886~~943.7435
	Delinquent Servicing Fees				1920,~~892~~994.8754	7881,~~921~~700.7127	~~129~~137,~~565~~319.1608	~~228~~240,~~379~~013.7489
	TOTAL SERVICING FEES				25,~~719~~545.6761	97,~~859~~590.9681	~~166~~165,~~686~~820.8582	~~290~~288,~~266~~957.4824
	Prepayment Interest Shortfall				~~494~~1,396.4640	~~371~~6,302.5953	210,~~635~~985.9971	318,~~502~~684.0464
	Compensating Interest				(~~494~~1,396.4640)	(~~371~~6,302.5953)	(210,~~635~~985.9971)	(318,~~502~~684.0464)
	Delinquent Servicing Fees				(1920,~~892~~994.8754)	(7881,~~921~~700.7127)	(~~129~~137,~~565~~319.1608)	(~~228~~240,~~379~~013.7489)
	COLLECTED SERVICING FEES				54,~~826~~551.8007	1815,~~938~~890.2554	3728,~~121~~501.6974	6148,~~886~~943.7435
	Aggregate Advances with respect to this Distribution				~~362~~387,~~410~~940.3542	1,~~283~~327,~~598~~845.9337	2,~~112~~245,~~522~~271.8884	3,~~758~~961,~~532~~057.1663
	Current Nonrecoverable Advances				0.00	0.00	0.00	0.00
	Cumulative Nonrecoverable Advances				0.00	0.00	0.00	0.00
ADDITIONAL COLLATERAL INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Net Prepayment Interest Shortfall							0.00
	Net Monthly Excess Cash Flow							3,~~105~~006,~~777~~546.4695
	Ending Pool Stated Principal Balance				6160,~~309~~925,~~462~~379.8626	~~234~~232,~~217~~047,~~953~~675.1146	~~397~~394,~~969~~166,~~979~~695.4860	~~693~~687,~~497~~139,~~395~~750.4532
				Page 10 of 25				© COPYRIGHT 2003 Deutsche Bank
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	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			14,~~663~~369,~~860~~812.6970	-310,292.92	-372,725.83	15,~~663~~052,~~860~~831.6945
		% Balance			0.2464%	0.0005%	0.0005%	0.2474%
		# Loans			1133	-4	-1	1138
		% # Loans			0.2576%	0.0009%	0.0002%	0.2587%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		~~179~~263,~~353~~405.0592	-	-	-	~~179~~263,~~353~~405.0592
		% Balance		0.0304%	0.00%	0.00%	0.00%	0.0304%
		# Loans		23	-	-	-	23
		% # Loans		0.0507%	0.00%	0.00%	0.00%	0.0507%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		~~179~~263,~~353~~405.0592	14,~~663~~369,~~860~~812.6970	-310,292.92	-372,725.83	15,~~843~~316,~~213~~237.7437
		% Balance		0.0304%	0.2464%	0.0005%	0.0005%	0.2777%
		# Loans		23	1133	-4	-1	1341
		% # Loans		0.0507%	0.2576%	0.0009%	0.0002%	0.3094%
Note: <1 Payment = 0-30days, 1 Payment = 31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 11 of 25				© COPYRIGHT 2003 Deutsche Bank
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				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			~~669~~3,~~602~~468,047.8517	-52,897.18	-	~~669~~3,~~602~~520,944.8535
		% Balance			0.1788%	0.0001%	0.00%	0.1789%
		# Loans			726	-1	-	727
		% # Loans			01.2700%	0.0004%	0.00%	01.2704%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		~~162~~246,~~901~~992.2805	-	-	-	~~162~~246,~~901~~992.2805
		% Balance		0.0406%	0.00%	0.00%	0.00%	0.0406%
		# Loans		12	-	-	-	12
		% # Loans		0.0408%	0.00%	0.00%	0.00%	0.0408%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		~~162~~246,~~901~~992.2805	~~669~~3,~~602~~468,047.8517	-52,897.18	-	~~832~~3,~~504~~767,936.1340
		% Balance		0.0406%	0.1788%	0.0001%	0.00%	0.2196%
		# Loans		12	726	-1	-	829
		% # Loans		0.0408%	01.2700%	0.0004%	0.00%	01.3011%
Note: <1 Payment = 0-30days, 1 Payment = 31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 12 of 25				© COPYRIGHT 2003 Deutsche Bank
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	Delinquency Report - Group 2 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			~~877~~416,~~209~~600.5297	-127,853.25	-372,725.83	~~877~~917,~~209~~180.5205
		% Balance			0.3718%	0.0006%	0.0016%	0.3740%
		# Loans			25	-1	-1	27
		% # Loans			0.1844%	0.0009%	0.0009%	0.1862%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		-	~~877~~416,~~209~~600.5297	-127,853.25	-372,725.83	~~877~~917,~~209~~180.5205
		% Balance		0.00%	0.3718%	0.0006%	0.0016%	0.3740%
		# Loans		-	25	-1	-1	27
		% # Loans		0.00%	0.1844%	0.0009%	0.0009%	0.1862%
Note: <1 Payment = 0-30days, 1 Payment = 31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 13 of 25				© COPYRIGHT 2003 Deutsche Bank
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	Delinquency Report - Group 3 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			~~117~~485,~~048~~164.3256	-129,542.49	-	~~117~~614,~~048~~707.3205
		% Balance			0.1980%	0.0021%	0.00%	01.1901%
		# Loans			2	-2	-	24
		% # Loans			0.33%	0.0033%	0.00%	0.3366%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		16,~~451~~413.7787	-	-	-	16,~~451~~413.7787
		% Balance		0.03%	0.00%	0.00%	0.00%	0.03%
		# Loans		1	-	-	-	1
		% # Loans		0.16%	0.00%	0.00%	0.00%	0.16%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		16,~~451~~413.7787	~~117~~485,~~048~~164.3256	-129,542.49	-	~~133~~631,~~500~~120.0992
		% Balance		0.03%	0.1980%	0.0021%	0.00%	01.2204%
		# Loans		1	2	-2	-	35
		% # Loans		0.16%	0.33%	0.0033%	0.00%	0.4982%
Note: <1 Payment = 0-30days, 1 Payment = 31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 14 of 25				© COPYRIGHT 2003 Deutsche Bank
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	REO Report - Mortgage Loans that Become REO During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Group 1 Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00				Loan Group 2 = Group 2 Group; REO Book Value = 000.00
Total Current Balance = 000.00				Loan Group 3 = Group 3 Group; REO Book Value = 000.00
REO Book Value = 000.00
REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
				Page 15 of 25				© COPYRIGHT 2003 Deutsche Bank
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SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Group 1 Group
Total Original Principal Balance = 000.00				Loan Group 2 = Group 2 Group
Total Current Balance = 000.00				Loan Group 3 = Group 3 Group
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
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	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Current
	Number of Paid in Full Loans				13	36	1320	1729
	Number of Repurchased Loans				-	-	-	-
	Total Number of Loans Prepaid in Full				13	36	1320	1729
	Paid in Full Balance				~~329~~319,~~638~~382.1338	~~469~~1,~~935~~995,276.3771	13,~~761~~480,~~190~~391.3634	25,~~560~~795,~~763~~050.8643
	Repurchased Loans Balance				-	-	-	-
	Curtailments Amount				307,~~985~~127.6375	1211,~~806~~634.4204	2127,~~939~~878.2297	6546,~~731~~640.2776
	Total Prepayment Amount				~~360~~326,~~623~~510.7613	~~482~~2,~~741~~006,910.7975	13,~~783~~508,~~129~~270.5831	25,~~626~~841,~~495~~691.1319
	Cumulative
	Number of Paid in Full Loans				14	39	1333	1746
	Number of Repurchased Loans				-	-	-	-
	Total Number of Loans Prepaid in Full				14	39	1333	1746
	Paid in Full Balance				~~329~~649,~~638~~020.1351	~~469~~2,~~935~~465,212.3708	15,~~761~~241,~~190~~581.3670	28,~~560~~355,~~763~~814.8629
	Repurchased Loans Balance				-	-	-	-
	Curtailments Amount				3038,~~985~~113.6338	1224,~~806~~440.4246	2149,~~939~~818.2219	65112,~~731~~372.2703
	Total Prepayment Amount				~~360~~687,~~623~~133.7689	~~482~~2,~~741~~489,652.7954	15,~~783~~291,~~129~~399.5889	28,~~626~~468,~~495~~186.1332
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 17 of 25				© COPYRIGHT 2003 Deutsche Bank
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	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	SMM				0.5853%	0.2186%	0.4588%	0.3884%
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off				0.5856%	0.2153%	0.4566%	0.3861%
	CPR				6.8021%	29.4482%	510.2209%	49.4366%
	3 Months Avg CPR
	12 Months Avg CPR
	Avg CPR Since Cut-off				6.8050%	26.4420%	57.2269%	47.4308%
	PSA				~~1055~~736.8520%	~~377~~1158.0828%	~~837~~1225.8105%	~~700~~1159.3205%
	3 Months Avg PSA Approximation
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation				~~1055~~874.8557%	~~377~~829.0875%	~~837~~1062.8162%	~~700~~966.3200%
	Group 1		Group 3
	Group 2
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 18 of 25				© COPYRIGHT 2003 Deutsche Bank
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	Group 1		Group 3
	Group 2
CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off
PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off
PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) .......(1-SMMm)]^(1/months in period n,m)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m))
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of months in the period n,m)
Weighted Average Seasoning (WAS)
Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.
Dates correspond to distribution dates.
				Page 19 of 25				© COPYRIGHT 2003 Deutsche Bank
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SUMMARY						LOAN GROUP
Total Loan Count = 17						Loan Group 1 = Group 1 Group
Total Loan Count = 29						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 2,565,023.00						Loan Group 2 = Group 2 Group
Total Original Principal Balance = 5,806,270.00						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 2,560,763.86						Loan Group 3 = Group 3 Group
Total Prepayment Amount = 5,795,050.43						Loan Group 3 = Group 3 Group
Loan Number			Original			Current	State &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date
729485 1			211,500.00	211,215.21	Mar-31-03	8.000%	NY - 90.00%	Paid Off - 360	Dec-20-02
739504 1			186,000.00	185,320.59	Apr-30-03	6.490%	MD - 68.89%	Paid Off - 360	Nov-14-02
736771 1			90,000.00	89,788.10	Mar-28-03	7.250%	CT - 54.55%	Paid Off - 360	Nov-19-02
749765 1			240,000.00	239,154.62	May-01-03	7.250%	MI - 75.00%	Paid Off - 360	Dec-02-02
738837 1			111,920.00	111,707.04	Mar-18-03	6.250%	CT - 80.00%	Paid Off - 360	Dec-27-02
750232 1			114,000.00	113,801.37	Apr-17-03	8.740%	MI - 95.00%	Paid Off - 360	Dec-20-02
741459 1			142,500.00	142,323.14	Mar-10-03	8.400%	WI - 75.00%	Paid Off - 360	Dec-26-02
753688 1			315,000.00	314,243.52	May-01-03	7.150%	IL - 90.00%	Paid Off - 360	Dec-06-02
742904 1			61,200.00	61,129.30	Mar-21-03	8.750%	AR - 80.00%	Paid Off - 360	Dec-24-02
755573 1			155,720.00	155,379.04	Apr-02-03	7.615%	NJ - 61.07%	Paid Off - 360	Dec-31-02
747614 1			66,500.00	66,317.41	Mar-18-03	6.990%	NC - 46.83%	Paid Off - 360	Nov-27-02
756369 1			156,000.00	155,699.51	Apr-02-03	8.250%	CA - 80.00%	Paid Off - 360	Dec-30-02
751058 1			51,425.00	51,371.46	Mar-21-03	9.250%	MI - 85.00%	Paid Off - 360	Dec-30-02
757643 1			182,000.00	181,428.46	Apr-02-03	7.490%	WI - 65.00%	Paid Off - 360	Dec-04-02
756379 1			249,000.00	248,712.43	Mar-28-03	8.750%	CA - 89.89%	Paid Off - 360	Dec-20-02
759522 1			214,200.00	213,743.52	Apr-03-03	7.750%	VA - 90.00%	Paid Off - 360	Dec-30-02
767716 1			140,250.00	140,051.38	Mar-31-03	7.750%	KS - 85.00%	Paid Off - 360	Dec-27-02
761382 1			251,250.00	250,654.65	Apr-14-03	9.250%	FL - 75.00%	Paid Off - 360	Dec-26-02
768733 1			104,400.00	104,285.27	Mar-12-03	8.990%	MI - 90.00%	Paid Off - 360	Dec-26-02
762786 1			309,400.00	308,888.10	Apr-25-03	8.990%	FL - 85.00%	Paid Off - 360	Dec-27-02
773340 1			147,528.00	147,280.63	Mar-13-03	6.900%	FL - 80.15%	Paid Off - 360	Dec-18-02
762824 1			123,500.00	123,285.26	Apr-02-03	8.750%	IL - 94.27%	Paid Off - 360	Dec-19-02
774228 1			263,500.00	263,095.74	Mar-31-03	7.350%	CA - 85.00%	Paid Off - 360	Dec-23-02
762855 1			105,700.00	105,550.84	Apr-30-03	9.750%	CO - 70.00%	Paid Off - 360	Dec-31-02
775375 1			124,100.00	123,913.25	Mar-31-03	7.750%	RI - 85.00%	Paid Off - 360	Dec-31-02
765395 1			151,000.00	150,797.45	Apr-03-03	9.990%	MA - 73.66%	Paid Off - 360	Dec-31-02
750830 2			360,000.00	359,193.44	Mar-31-03	7.500%	CA - 80.00%	Paid Off - 360	Dec-06-02
765883 1			83,300.00	83,155.15	Apr-28-03	8.750%	MO - 85.00%	Paid Off - 360	Dec-30-02
773533 2			61,200.00	61,032.14	Mar-24-03	9.000%	NJ - 80.00%	Paid Off - 360	Dec-24-02
772244 1			185,000.00	184,593.72	Apr-19-03	7.600%	NJ - 74.90%	Paid Off - 360	Dec-31-02
779366 2			50,000.00	49,709.79	Mar-07-03	7.990%	ME - 34.48%	Paid Off - 180	Dec-30-02
772897 1			112,000.00	111,787.68	Apr-29-03	8.490%	VA - 80.00%	Paid Off - 360	Dec-20-02
742440 3			330,000.00	329,638.13	Mar-25-03	9.000%	IL - 84.62%	Paid Off - 360	Dec-04-02
774124 1			175,000.00	174,765.78	Apr-17-03	10.000%	FL - 70.00%	Paid Off - 360	Dec-31-02
774774 1			60,000.00	59,878.39	Apr-21-03	8.000%	MO - 81.08%	Paid Off - 360	Dec-24-02
776251 1			289,000.00	288,443.31	Apr-15-03	8.250%	CA - 85.00%	Paid Off - 360	Dec-26-02
777392 1			80,000.00	79,820.39	Apr-24-03	7.490%	CA - 33.33%	Paid Off - 360	Dec-27-02
747084 2			350,000.00	349,290.75	Apr-29-03	8.000%	MA - 72.77%	Paid Off - 360	Dec-13-02
755988 2			105,000.00	104,776.22	Apr-02-03	7.750%	FL - 73.43%	Paid Off - 360	Dec-10-02
758241 2			148,200.00	147,928.84	Apr-30-03	8.990%	MI - 95.00%	Paid Off - 360	Dec-23-02
765831 2			500,000.00	500,000.00	Apr-11-03	4.880%	CA - 80.00%	Paid Off - 300	Dec-16-02
780662 2			395,000.00	394,197.94	Apr-07-03	7.990%	CA - 73.15%	Paid Off - 360	Dec-27-02
783826 2			500,000.00	499,082.95	Apr-14-03	8.490%	NJ - 74.63%	Paid Off - 360	Dec-31-02
757618 3			65,000.00	64,937.75	Apr-30-03	11.550%	MA - 65.00%	Paid Off - 360	Dec-27-02
762372 3			207,000.00	206,657.54	Apr-10-03	8.990%	CA - 90.00%	Paid Off - 360	Dec-16-02
773275 3			48,000.00	47,787.09	Apr-07-03	9.160%	TN - 20.00%	Paid Off - 240	Dec-16-02
					Page 20 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Mortgage Pass-Through Certificates
	Realized Loss Report for April 25, 2003 Distribution
	Realized Loss Report for May 27, 2003 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Current
	Number of Loans Liquidated				-	-	-	-
	Collateral Realized Loss/(Gain) Amount				-	-	-	-
	Net Liquidation Proceeds				-	-	-	-
	Cumulative
	Number of Loans Liquidated				-	-	-	-
	Collateral Realized Loss/(Gain) Amount				-	-	-	-
	Net Liquidation Proceeds				-	-	-	-
	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.
	Cumulative Loss Percentage							0.00%
	Group 1		Group 3				3 Months Moving Average
	Group 2
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 21 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Mortgage Pass-Through Certificates
	Realized Loss Report for April 25, 2003 Distribution
	Realized Loss Report for May 27, 2003 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	MDR				0.00%	0.00%	0.00%	0.00%
	3 Months Avg MDR
	12 Months Avg MDR
	Avg MDR Since Cut-off				0.00%	0.00%	0.00%	0.00%
	CDR				0.00%	0.00%	0.00%	0.00%
	3 Months Avg CDR
	12 Months Avg CDR
	Avg CDR Since Cut-off				0.00%	0.00%	0.00%	0.00%
	SDA				0.00%	0.00%	0.00%	0.00%
	3 Months Avg SDA Approximation
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation				0.00%	0.00%	0.00%	0.00%
	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off
	Group 1		Group 3
	Group 2
CDR by Groups					Total CDR
SDA by Groups					Total SDA
				Page 22 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Mortgage Pass-Through Certificates
	Realized Loss Report for April 25, 2003 Distribution
	Realized Loss Report for May 27, 2003 Distribution
	Realized Loss Report - Collateral
	Group 1		Group 3
	Group 2
CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off
SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) .......(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.
				Page 23 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Mortgage Pass-Through Certificates
	Realized Loss Detail Report for April 25, 2003 Distribution
	Realized Loss Detail Report for May 27, 2003 Distribution
	Realized Loss Detail Report - Loans Liquidated During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 0						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 0.00						Loan Group 2 = Group 2 Group
Total Prior Principal Balance = 0.00						Loan Group 3 = Group 3 Group
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.
Loan Number			Original	Prior		Current	State &
&		Loan	Principal	Principal	Realized	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Balance	Loss/(Gain)	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
					Page 24 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Mortgage Pass-Through Certificates
	Triggers, Adj. Rate Cert. and Miscellaneous Report for April 25, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for May 27, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Has a Stepdown Date occurred?							No
	Does Trigger Event exist?							No
	1. Does (A) equal or exceed (B)?							No
	(A) 60+ Day Delinq % (quotient of (x) over (y))							0.0005%
	(x) Rolling 3-month avg. of 60+ Day Delinq. Loans							0341,509.0038
	(y) Stated Principal Balance							~~693~~687,~~497~~139,~~395~~750.4532
	(B) 40% of Sr. Enhancement Percentage							7.6063%
	2. Does (A) exceed (B)?							No
	(A) Realized Loss % (quotient of (x) over (y))							0.00%
	(x) Agg. Realized Losses to date							0.00
	(y) Cut-off Date Pool Principal Balance							696,639,551.09
	(B) Applicable Percentage							100.00%
	Senior Enhancement Percentage (Prior)							19.0009%
ADJUSTABLE RATE CERTIFICATE INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Basis Risk Carry Forward Amount							0.00
				Page 25 of 25				© COPYRIGHT 2003 Deutsche Bank

Filing Compare · MORGAN STANLEY DEAN WITTER CAP I MRT PS THR CRT SER 2003-NC3