
	E. Insurance Policy Draw Amount (x+y):	$0.00


	(x) Excess of Interest Distribution for the Class A Notes over Class A Interest Collections	$0.00


	(y) Guaranteed Principal Distribution Amount	$0.00



V.	Distributions:

	A. Premium Amount paid to the Insurer on the Payment Date	$40,626.57


	B. Interest Distribution payable {due}	$678,463.74


	C. Interest Distribution for the Class A Notes paid on the Payment Date	$678,463.74


	D. Outstanding Interest Carryover Shortfall remaining after all distributions on the Payment Date
		$0.00


	E. Excess Spread	$678,611.21


	F. Specified O/C Amount	$3,879,002.39


	G. O/C Amount after all distributions on the Payment Date	$3,879,002.39


	H. O/C Reduction Amount	$0.00


	I. Excess O/C Amount	$0.00


	J. Distributable Excess Spread	$0.00


	K. Any other amounts paid to the Insurer pursuant to the Insurance Agreement	$0.00


	L. LIBOR Interest Carryover Shortfall balance paid on the Payment Date	$0.00


	M. LIBOR Interest Carryover Shortfall remaining	$0.00


	N. Amount paid to the Transferor in respect of the Transferor Interest	$678,611.21


	O. Amount actually distributed to Class A Noteholders in respect of principal	$15,127,139.72


VI.	Three Month Rolling Average
		1.92%



VII.	Modified Loans:

	A. Aggregate Principal Balance of Mortgage Loans modified after giving effect to the modifications
		$19,057,148.16


	B. Aggregate Credit Limit of Mortgage Loans modified on a cumulative basis after giving effect to modifications
		$37,063,114.00


	C. Weighted average of Credit Limits at the end of Due Period after giving effect to modifications
		$118,781.02


	D. Weighted average Margin at the end of Due Period after giving effect to modifications
		0.006%


VIII.	Replaced Loans:


	A. Purchase Prices	$0.00

	B. Substitution Adjustment	$0.00


	C. Transferor Deposit Amounts	$0.00


IX.	Weighted Averages:


	A. Weighted average of the Loan Rates at end of related Due Period			4.232%

	B. Weighted average of the Loan Rate Cap at end of related Due Period			20.357%

	C. Weighted average Margin at end of related Due Period			0.006%


X.	Delinquent Accounts:


			# of Accounts		Principal Balance

	A. 30-59 days delinquent		13		$630,979.35

	B. 60-89 days delinquent		0		$0.00

	C. 90+ days delinquent		4
					$382,336.23


	D. REO Properties		0		$0.00


	E. Foreclosures		8		$381,949.15


	F. Bankruptcies		32		$1,514,450.32

	G. Six Month Rolling Average				0.40%


XI.
	Rapid Amortization:

	A. Has a Rapid Amortization Event occurred?			NO


	B. What was the Rapid Amortization Event?			N/A


XII.	Allocations to Certificateholders (for each $1,000 of original principal):

	A. Aggregate amount of Principal Collections received during the related Due Period			$32.07


	B. Amount Actually Distributed to Class A Noteholders in respect of principal			$19.50


	C. Interest Distribution payable			$0.87


	D. Interest Distribution for the Class A Notes paid on the Payment Date			$0.87


	E. Class A Note Principal Balance after all distributions on the Payment Date			$588.64


	FLEET NATIONAL BANK as Servicer

	By:	/s/ GRETCHEN HEFNER


		Gretchen Hefner

		Vice President

FLEET HOME EQUITY LOAN LLC 8-K