Fitch Ratings Affirms 6 RMBS Classes From 1 Aames Issue.

Business Editors

NEW YORK--(BUSINESS WIRE)--Aug. 21, 2003

Fitch Ratings has affirmed the following Aames Capital Corp issue:

Series 1997-C Group 1:

-- Classes A5F, A6F affirmed at 'AAA';

-- Class M1F affirmed at 'AA';

-- Class M2F affirmed at 'A';

-- Class B1F affirmed at 'BBB';

-- Class B2F affirmed at 'BB' and removed from Rating Watch Negative.

The affirmations on these classes reflect credit enhancement consistent with future loss expectations.

Class B2F is removed from rating watch negative due to lower projected losses on the collateral pool. Fitch will continue to closely monitor this transaction.

Further information regarding current delinquency, loss, and credit enhancement statistics is available on the Fitch Ratings web site at 'www.fitchratings.com'.