Exhibit 99.20
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
March 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-8
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1997 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
i) The amount of such distribution allocable to principal:
Class 8-A1.....$ 0.71999515 Class 8-A15.....$ 207.63001603
Class 8-A2.....$ 29.32945423 Class 8-A16.....$ 43.56036732
Class 8-A3.....$ 0.00000000 Class 8-A17.....$ 0.00000000
Class 8-A4.....$ 0.00000000 Class 8-A18.....$ 0.00000000
Class 8-A5.....$ 0.00000000 Class 8-A19.....$ 0.00000000
Class 8-A6.....$ 0.00000000 Class 8-PO......$ 0.96281741
Class 8-A7.....$ 7.91082636 Class 8-M.......$ 0.71999614
Class 8-A8.....$ 34.35170291 Class 8-B1......$ 0.71999580
Class 8-A9.....$ 0.00000000 Class 8-B2......$ 0.71999468
Class 8-A10....$ 0.00000000 Class 8-B3......$ 0.71999601
Class 8-A11....$ 0.00000000 Class 8-B4......$ 0.71999468
Class 8-A12....$ 0.00000000 Class 8-B5......$ 0.71999383
Class 8-A13....$ 0.00000000 Class 8-R.......$ 43.60000000
Class 8-A14....$ 207.63001503 Class 8-RL......$ 0.00000435
ii) Principal Prepayments included in the above principal distribution
(including the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to Section 2.02,
2.03 (b) or 3.16, respectively, and any amounts deposited pursuant to
Section 2.03(b) in connection with the substitution of any Mortgage
Loans pursuant to Section 2.02 or 2.03(a), the proceeds of which are
being distributed on such Distribution Date):
Class 8-A1.....$ 0.70355208 Class 8-A14.....$ 202.88821370
Class 8-A2.....$ 28.65963563 Class 8-A15.....$ 202.88821468
Class 8-A3.....$ 0.00000000 Class 8-A16.....$ 42.56554676
Class 8-A4.....$ 0.00000000 Class 8-A17.....$ 0.00000000
Class 8-A5.....$ 0.00000000 Class 8-A18.....$ 0.00000000
Class 8-A6.....$ 0.00000000 Class 8-A19.....$ 0.00000000
Class 8-A7.....$ 7.73016093 Class 8-PO......$ 0.94082883
Class 8-A8.....$ 33.56718748 Class 8-M.......$ 0.00000000
Class 8-A9.....$ 0.00000000 Class 8-B1......$ 0.00000000
Class 8-A10....$ 0.00000000 Class 8-B2......$ 0.00000000
Class 8-A11....$ 0.00000000 Class 8-B3......$ 0.00000000
Class 8-A12....$ 0.00000000 Class 8-B4......$ 0.00000000
Class 8-A13....$ 0.00000000 Class 8-B5......$ 0.00000000
Class 8-R.......$ 42.60427432
Class 8-RL......$ 0.00000425
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 8-A1.....$ 6.02034262 Class 8-A15.....$ 1.54115785
Class 8-A2.....$ 5.33723742 Class 8-A16.....$ 5.07369964
Class 8-A3.....$ 5.62500000 Class 8-A17.....$ 5.93750000
Class 8-A4.....$ 5.62500038 Class 8-A18.....$ 0.05416667
Class 8-A5.....$ 5.62500000 Class 8-A19.....$ 0.05000000
Class 8-A6.....$ 6.04166651 Class 8-M.......$ 6.02034243
Class 8-A7.....$ 5.92651676 Class 8-B1......$ 6.02034237
Class 8-A8.....$ 5.27474400 Class 8-B2......$ 6.02033254
Class 8-A9.....$ 0.00000000 Class 8-B3......$ 6.02032721
Class 8-A10....$ 0.00000000 Class 8-B4......$ 6.02028735
Class 8-A11....$ 6.04166643 Class 8-B5......$ 6.02032627
Class 8-A12....$ 6.04166790 Class 8-R.......$ 5.00000000
Class 8-A13....$ 6.04166678 Class 8-RL......$ 5.00000000
Class 8-A14....$ 1.18522127 Class 8-S.......$ 0.48965782
iv) Accrual Amount:
Class 8-A9 Certificates $ 26,468.40
Class 8-A10 Certificates $ 73,041.83
v) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:.....$ 92,706.87
(b) The amounts below are for the aggregate of all Certificates.
vi) The Pool Scheduled Principal Balances of each Mortgage Pool on the
preceding Due Date after giving effect to all distributions allocable
to principal made on such Distribution Date:.......$ 437,392,806.59
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:................. 1,459
vii) The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to (i) all distributions allocable to principal
made on such Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 8-A1..................$ 18,484,116.15 $ 995.75
Class 8-A2..................$ 11,392,511.76 $ 854.08
Class 8-A3..................$ 29,292,000.00 $ 1,000.00
Class 8-A4..................$ 13,131,000.00 $ 1,000.00
Class 8-A5..................$ 18,652,000.00 $ 1,000.00
Class 8-A6..................$ 21,902,000.00 $ 1,000.00
Class 8-A7..................$ 96,907,937.09 $ 973.03
Class 8-A8..................$ 46,129,015.38 $ 838.71
Class 8-A9..................$ 4,407,445.12 $ 1,036.80
Class 8-A10.................$ 12,162,723.74 $ 1,036.80
Class 8-A11.................$ 21,579,000.00 $ 1,000.00
Class 8-A12.................$ 4,212,068.52 $ 1,000.00
Class 8-A13.................$ 29,722,000.00 $ 1,000.00
Class 8-A14.................$ 0.00 $ 0.00
Class 8-A15.................$ 0.00 $ 0.00
Class 8-A16.................$ 61,964,491.15 $ 796.22
Class 8-A17.................$ 30,000,000.00 $ 1,000.00
Class 8-A18.................$ 30,000,000.00 $ 1,000.00
Class 8-A19.................$ 30,000,000.00 $ 1,000.00
Class 8-PO..................$ 457,256.93 $ 991.23
Class 8-M...................$ 7,734,989.92 $ 995.75
Class 8-B1..................$ 4,740,768.16 $ 995.75
Class 8-B2..................$ 3,743,026.16 $ 995.75
Class 8-B3..................$ 2,495,350.76 $ 995.75
Class 8-B4..................$ 748,505.66 $ 995.75
Class 8-B5..................$ 1,746,588.99 $ 995.75
Class 8-R...................$ 39.81 $ 796.20
Class 8-RL..................$ 39.81 $ 796.20
Class 8-S...................$ 409,935,515.98 $ 865.80
viii)The following pertains to any real estate acquired on behalf of
Certificateholders through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan:
book value............................................$ 0.00
unpaid principal balance..............................$ 0.00
number of related mortgage loans...................... 0
ix) The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the month
preceding the related Determination Date, were:
(a) delinquent
(1) 30-59 days
Number 9 Principal Balance $ 2,385,478.72
(2) 60-89 days
Number 0 Principal Balance $ 0.00
(3) 90 days or more
Number 1 Principal Balance $ 344,283.03
(b) foreclosure
Number 1 Principal Balance $ 217,537.91
x) The Scheduled Principal Balance of any Mortgage Loan and number of
replaced pursuant to Section 2.03(b), and of any Modified Mortgage
Loan purchased pursuant to Section 3.01(c):...$ 0.00 $ 0.00
xi) The Scheduled Principal Balance of any Mortgage Loan and number of any
Modified Mortgage Loan purchased pursuant to Section 3.01(c):
$ 0.00 $ 0.00
xii) The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 8-A14 Certificates: .............6.850000%
Class 8-A15 Certificates: .............8.907139%
Class 8-S Certificates: ...............0.347641%
xiii) Senior Percentage for such Distribution Date:......... 95.28919100%
xiv) Category B Group I Senior Percentage for such Distribution
Date:.................................................. 88.87378800%
xv) Category B Group II Senior Percentage for such Distribution
Date: ................................................. 11.00000000%
xvi) Senior Prepayment Percentage for such Distribution Date: 100.00000000%
xvii)Category B Group I Senior Prepayment Percentage for
such Distribution Date: ............................... 100.00000000%
xviii)Junior Percentage for such Distribution Date: ........ 4.71080900%
xix) Junior Prepayment Percentage for such Distribution Date: 0.00000000%
