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EXHIBIT 99.1
OFFICER'S CERTIFICATE
ANNUAL STATEMENT AS TO COMPLIANCE
Re: Norwest Bank, as Trustee for Sequoia Trust 2 ("Issuer"),
Xxxxxxx Xxxxx Corporation ("Company"), Servicing Agreement
dated as of March 7, 1997 ("Agreement")
Pursuant to the above Agreement, the Company hereby states:
1. A review of the activities of the Servicer during the 1997
calendar year and of its performance under the Agreement has been made under
the supervision of each of the undersigned officers, and
2. To the best of each such officer's knowledge, based on such
review, the Company has fulfilled all of its obligations under the Agreement in
all material respects throughout such year.
Dated: March 25, 1998
Xxxxxxx Xxxxx Credit Corporation
By: /s/ Xxxxx X. Xxxxx
Xxxxx X. Xxxxx
Vice President
By: /s Xxxx X. Xxxxxxx
Xxxx X. Xxxxxxx
Senior Vice President
