EXHIBIT 19.1 STATEMENT TO CERTIFICATEHOLDERS NATIONSCREDIT GRANTOR TRUST 1997 - 1 Pursuant to the Pooling and Servicing Agreement, dated as of May 22, 1997 among NationsCredit Securitization Corporation (as "Seller"), NationsCredit Corporation of America (as "Servicer") and Bankers Trust Company (as "Trustee" and "Collateral Agent"), the Servicer is required to prepare certain information each month regarding distribution to Certificateholders and the performance of the Trust. The information with respect to the applicable Distribution Date is set forth below. Month . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Mar-01 Collection Period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 03/01/2001 Determination Date. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 04/11/2001 Deposit Date. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 04/13/2001 Distribution Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 04/16/2001 POOL BALANCE Pool Balance on the close of the last day of t he Collection Period (Record Date) 54,891,436.26 Pool Factor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30.1964443% Ending Pool Balance (per $1,000 certificate). . . . . . . . . . . . . . . . . . . 302 Liquidation Proceeds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102,775 Purchase Amounts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - AMOUNTS DISTRIBUTED ON THE DISTRIBUTION DATE (PER $1,000 CERTIFICATE) Interest Payments: Monthly Interest Payment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.751 Carry-Over Monthly Interest Payment . . . . . . . . . . . . . . . . . . . . . . . - Total Interest Payment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.751 Principal Payments: Monthly Principal Payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.315 Carry-Over Monthly Principal Payment. . . . . . . . . . . . . . . . . . . . . . . - Total Principal Payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.315 Servicing Fee: Servicing Fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.195 Carry-Over Monthly Servicing Fee. . . . . . . . . . . . . . . . . . . . . . . . . - Total Servicing Fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.195

MONTHLY SERVICERS CERTIFICATE NATIONSCREDIT GRANTOR TRUST 1997 - 1 Pursuant to the Pooling and Servicing Agreement, dated as of May 31, 1997 among NationsCredit Securitization Corporation (as "Seller"), NationsCredit Corporation of America (as "Servicer") and Bankers Trust Company (as "Trustee" and "Collateral Agent"), the Servicer is required to prepare certain information each month regarding distribution to Certificateholders and the performance of the Trust. The information with respect to the applicable Distribution Date is set forth below. Month. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Mar-01 Collection Period. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 01-Mar-01 Determination Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11-Apr-01 Deposit Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13-Apr-01 Distribution Date. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16-Apr-01 POOL BALANCE Pool Balance on the close of the last day of the preceding Collection Period . . . . . . . . . . 56,584,662.07 Principal Collections. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,551,288.61 Purchase Amounts Allocable to Principal. . . . . . . . . . . . . . . . . . . . . . . . . . . . . - Defaulted Receivables. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 141,937.20 Pool Balance on the close of the last day of the Collection Period . . . . . . . . . . . . . . . 54,891,436.26 Original Pool Balance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 181,781,125.63 Certificate Factor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30.19644% Preference Amounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - Certificate Pass-Through Rate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.75% Servicing Fee Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.75% AVAILABLE FUNDS Collections allocable to interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 516,975.53 Purchase Amounts allocable to interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - Liquidation Proceeds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102,775.21 Collections allocable to principal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,551,288.61 Purchase Amounts allocable to principal. . . . . . . . . . . . . . . . . . . . . . . . . . . . . - Other Available Funds - Interest on Collection or Certificate Account. . . . . . . . . . . . . . - Total Available Funds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,171,039.35 INTEREST PAYMENT Monthly Interest Payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 318,288.72 Carry-Over Monthly Interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 318,288.72 PRINCIPAL PAYMENT Monthly Principal Payment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,693,225.81 Carry-Over Monthly Principal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,693,225.81 SERVICING FEE Servicing Fee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35,365.41 Carry-Over Servicing Fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35,365.41 DEPOSIT TO THE CERTIFICATE ACCOUNT Available Funds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,171,039.35 Reserve Account Withdrawal Amount. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - Surety Drawing Amount. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - Total Deposit to the Certificate Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,171,039.35 DISTRIBUTIONS FROM THE CERTIFICATE ACCOUNT Monthly Interest Payment and any Carry-Over Monthly Interest . . . . . . . . . . . . . . . . . . 318,288.72 Monthly Principal Payment and any Carry-Over Monthly Principal . . . . . . . . . . . . . . . . . 1,693,225.81 Servicing Fee and any Carry-Over Servicing Fee . . . . . . . . . . . . . . . . . . . . . . . . . 35,365.41 Distributions to the Surety Bond Provider. . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,658.47 Distributions to the Reserve Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - Distributions to the Seller. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 118,500.94 Carry-Over Monthly Interest to the next Distribution Date. . . . . . . . . . . . . . . . . . . . - Carry-Over Monthly Principal to the next Distributions Date. . . . . . . . . . . . . . . . . . . - Carry-Over Servicing Fee to the next Distribution Date . . . . . . . . . . . . . . . . . . . . . - RESERVE ACCOUNT Reserve Account Balance as of the end of the preceding Collection Period . . . . . . . . . . . . 3,635,622.51 Earnings from investments on the Reserve Account . . . . . . . . . . . . . . . . . . . . . . . . 16,006.35 Reserve Account Withdrawal Amount. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - Deposits to the Reserve Account. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - Reserve Account Balance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,651,628.86 Distributions of any excess amounts on deposit in the Reserve Account. . . . . . . . . . . . . . 16,006.35 Ending Reserve Account Balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,635,622.51 Reserve Account Balance as a % of the Pool Balance . . . . . . . . . . . . . . . . . . . . . . . 6.62% Specified Reserve Account Requirement. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,635,622.51 Amount needed to fully fund Reserve Account. . . . . . . . . . . . . . . . . . . . . . . . . . . - SURETY BOND Outstanding Reimbursement Obligations at the end of the preceding Collection Period. . . . . . . (0.00) Preference Amounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - Surety Drawing Amount. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - Surety Bond Fee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,658.47 Interest on Outstanding Reimbursement Obligations at the end of the preceding Collection Period. (0.00) Amounts due to Surety Bond Provider. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,658.47 Distributions to the Surety Bond Provider. . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,658.47 Remaining Reimbursement Obligations Owed to the Surety Bond Provider . . . . . . . . . . . . . . (0.00) NET CREDIT LOSS RATIO Net Credit Losses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39,161.99 For the current Collection Period. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.84% For the preceding Collection Period. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.85% For the second preceding Collection Period . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.50% Average Net Credit Loss Ratio. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.73% DELINQUENCY ANALYSIS Number of Loans 30 to 59 days past due . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 186 60 to 89 days past due . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 90 or more days past due . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 257 Principal Balance 30 to 59 days past due . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,901,309.52 60 to 89 days past due . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 358,683.12 90 or more days past due . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 326,902.59 Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,586,895.23 Delinquency Ratio For the current Collection Period. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.71% For the preceding Collection Period. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.20% For the second preceding Collection Period . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.29% Average Delinquency Ratio. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.40% REPOSSESSION ANALYSIS Current Balance of Contracts where Repossession occurred in the Current Month. . . . . . . . . . 95,992.03 Number of Contracts where Repossession occurred in the Current Month . . . . . . . . . . . . . . 9 WEIGHTED AVERAGE COMPUTATIONS Weighted Average Coupon. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.74% Weighted Average Original Term (months). . . . . . . . . . . . . . . . . . . . . . . . . . . . . 122.00 Weighted Average Remaining Term (months) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 79.41 Number of Outstanding Accounts - End of Period . . . . . . . . . . . . . . . . . . . . . . . . . 6,137 CASH SETTLEMENT FOR THE TRUSTEE Available Funds in the Collection Account. . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,171,039.35 Servicing Fee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35,365.41 Interest allocable to the Seller's Certificate . . . . . . . . . . . . . . . . . . . . . . . . . 0.22 Principal amount allocable to the Seller's Certificate . . . . . . . . . . . . . . . . . . . . . 1.17 Wire Funds to the Surety Bond Provider . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,658.47 Net Deposit From Collection Account to the Certificate Account . . . . . . . . . . . . . . . . . 2,130,014.08 Reserve Account deposit to Certificate Account . . . . . . . . . . . . . . . . . . . . . . . . . - Surety Bond deposit to Certificate Account . . . . . . . . . . . . . . . . . . . . . . . . . . . - Total Deposit to the Certificate Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,130,014.08 Wire Funds to the Certificateholders - Interest Amounts. . . . . . . . . . . . . . . . . . . . . 318,288.50 Wire Funds to the Certificateholders - Principal Amounts . . . . . . . . . . . . . . . . . . . . 1,693,224.64 Deposit Funds into the Reserve Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - Wire Funds to NationsCredit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 118,500.94 Approved by: /s/ KEVIN CHURCH ----------------------------- Kevin Church Vice President