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DUFF & PHELPS RATES GREENWICH CAPITAL ACCEPTANCE, INC., $123,000,000.00 PRINCIPAL ONLY MORTGAGE SECURITIES, SERIES 1993-PO1

 NEW YORK, July 30 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has rated the publicly offered principal only mortgage securities issued by Greenwich Capital Acceptance, Inc. Each of the six classes of certificates are rated 'AAA'.
 Class Amount D&P Rating
 A $26,000,000 AAA (Triple A)
 B $21,000,000 AAA (Triple A)
 C $15,000,000 AAA (Triple A)
 D $7,850,000 AAA (Triple A)
 E $26,000,000 AAA (Triple A)
 G $27,150,000 AAA (Triple A)
 The certificates were issued pursuant to a Trust Agreement dated as of July 1, 1993, between Greenwich Capital Acceptance, Inc., as depositor, and Bankers Trust Company, as trustee. The certificates represent ownership interests in a trust fund, consisting of certain private-label pass-through certificates and certain collateralized mortgage obligation bonds (Underlying Assets). The Underlying Assets are principal only certificates from 11 separate transactions representing interests in Government National Mortgage Association (GNMA) mortgage-backed certificates guaranteed as to full and timely payment of principal and interest. The underlying certificates include: $5,367,224 of Salomon Brothers Mortgage Securities VI, Inc. (SBMSI VI), Stripped Coupon Mortgage Pass-Through Certificates, Series 1987-1, Class A; $10,045,447 of SBSMI VI, Stripped Coupon Mortgage Pass-Through Certificates, Series 1987-2, Class A; $3,633,728 of SBSMI VI, Stripped Coupon Mortgage Pass-Through Certificates, Series 1987-3, Class A; $2,778,909 of First Boston Mortgage Securities Corp., Strips of Participation Securities, Series 1987-D, Class D-1 SPLITS; $8,199,092 of Collateralized Mortgage Obligation Trust (CMOT) 25, Collateralized Mortgage Obligations, Class A; $30,682,584 of CMOT 26, Collateralized Mortgage Obligations, Class A; $6,238,927 of CMOT 29, Collateralized Mortgage Obligations, Class A; $1,356,415 of CMOT 38, Collateralized Mortgage Obligations, Class B; $14,608,820 of GNMA-Backed Trust I, Collateralized Mortgage Obligations, Class A; $23,626,154 of ML Trust XIV, Collateralized Mortgage Obligations, Class A; and $16,462,732 of ML Trust XVII, Collateralized Mortgage Obligations, Class A.
 All classes are principal only classes and will not bear interest. Distributions of principal to certificateholders will be made on the 26th day of each month or, if either the 25th day or 26th day of such month is not a business day, on the second business day following the 24th day of such month, beginning in August 1993. Classes A, B and C are planned principal classes, Class E is a targeted principal class, Class D has a planned principal component and a targeted principal component, and Class G is a companion class. D&P's ratings do not address the effect on the certificates' yield attributable to principal prepayments on the mortgage loans underlying the GNMA certificates.
 -0- 7/30/93
 /CONTACT: Jennifer E. Schneider, 212-908-0207, or Andrew B. Jones, 212-908- 0205, both of Duff & Phelps Credit Rating Co./


CO: Greenwich Capital Acceptance, Inc. ST: IN: FIN SU: RTG

TM -- NY059 -- 7881 07/30/93 15:58 EDT
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Date:Jul 30, 1993
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