CDOs/CLOs

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues Lehman Brothers 32,730.9 1 11.2 72 Royal Bank of Scotland Group 28,925.7 2 9.9 60 Morgan Stanley 27,201.9 3 9.3 27 Countrywide Securities Corp 25,340.8 4 8.7 33 Credit Suisse 23,328.2 5 8.0 55 Merrill Lynch & Co Inc 19,640.1 6 6.7 31 Deutsche Bank AG 19,409.7 7 6.6 42 Bear Stearns & Co Inc 18,762.0 8 6.4 54 Goldman Sachs & Co 15,921.6 9 5.4 24 JP Morgan 15,524.0 10 5.3 35 Industry Total 292,778.3 - 100.0 525 Source: Thomson Financial

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues Citigroup 7,215.1 1 19.3 9 Deutsche Bank AG 6,216.7 2 16.7 9 Merrill Lynch & Co Inc 3,420.1 3 9.2 3 Credit Suisse 3,306.5 4 8.9 6 Goldman Sachs & Co 2,869.6 5 7.7 3 Lehman Brothers 2,834.1 6 7.6 2 Morgan Stanley 2,568.2 7 6.9 3 Banc of America Securities LLC 2,550.5 8 6.8 4 Wachovia Corp 1,610.0 9 4.3 1 RBC Capital Markets 1,553.0 10 4.2 2 Industry Total 37,347.4 - 100.0 27 Source: Thomson Financial

auto ABS 9% credit card ABS 8% enterprise finance 0% equipment ABS 2% real estate ABS 71% structured settlements 0% student loan ABS 9% trade receivables 1%

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues Citigroup 6,027.5 1 18.4 12 JP Morgan 5,062.5 2 15.4 12 Wachovia Corp 4,683.5 3 14.3 9 Deutsche Bank AG 2,690.2 4 8.2 8 Royal Bank of Scotland Group 2,169.3 5 6.6 5 Banc of America Securities LLC 1,926.4 6 5.9 3 Merrill Lynch & Co Inc 1,847.5 7 5.6 4 Barclays Capital 1,603.4 8 4.9 3 Credit Suisse 1,550.0 9 4.7 3 HSBC Holdings PLC 1,329.2 10 4.1 2 Industry Total 32,834.7 - 100.0 41 Source: Thomson Financial

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues Citigroup 13,920.3 1 14.2 24 Merrill Lynch & Co Inc 12,695.7 2 13.0 18 Deutsche Bank AG 11,740.1 3 12.0 14 Banc of America Securities LLC 9,548.4 4 9.8 22 Credit Suisse 7,376.2 5 7.5 13 UBS 6,354.0 6 6.5 18 Bear Stearns & Co Inc 5,211.1 7 5.3 11 Wachovia Corp 4,883.6 8 5.0 10 Morgan Stanley 4,590.0 9 4.7 17 Lehman Brothers 4,289.1 10 4.4 8 Industry Total 97,838.8 - 100.0 191 Source: Thomson Financial

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues Citigroup 8,982.0 1 24.7 13 Banc of America Securities LLC 8,235.0 2 22.7 12 JP Morgan 7,824.7 3 21.5 18 Deutsche Bank AG 2,924.9 4 8.1 8 Barclays Capital 1,900.0 5 5.2 5 Morgan Stanley 1,829.0 6 5.0 2 Credit Suisse 1,375.0 7 3.8 7 ABN AMRO 1,000.0 8 2.8 5 HSBC Holdings PLC 1,000.0 8 2.8 1 Lehman Brothers 425.0 10 1.2 2 Industry Total 36,320.5 - 100.0 55 Source: Thomson Financial

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues Morgan Stanley 25,669.5 1 9.9 26 Lehman Brothers 25,500.4 2 9.8 61 Royal Bank of Scotland Group 25,262.2 3 9.7 48 Credit Suisse 22,957.6 4 8.8 53 Countrywide Securities Corp 20,442.3 5 7.9 29 Deutsche Bank AG 17,673.8 6 6.8 36 Merrill Lynch & Co Inc 17,216.9 7 6.6 28 Bear Stearns & Co Inc 16,677.1 8 6.4 48 JP Morgan 15,016.5 9 5.8 34 Citigroup 14,214.4 10 5.5 37 Industry Total 260,214.0 - 100.0 469 Source: Thomson Financial

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues Deutsche Bank AG 5,994.4 1 18.1 8 Citigroup 4,793.6 2 14.5 7 Merrill Lynch & Co Inc 3,420.1 3 10.3 3 Credit Suisse 3,306.5 4 10.0 6 Goldman Sachs & Co 2,922.9 5 8.8 3 Lehman Brothers 2,834.1 6 8.5 2 Banc of America Securities LLC 2,550.5 7 7.7 4 Morgan Stanley 2,538.2 8 7.7 3 RBC Capital Markets 1,553.0 9 4.7 2 UBS 998.7 10 3.0 2 Industry Total 33,170.4 - 100.0 24 Source: Thomson Financial

auto ABS 9% credit card ABS 9% enterprise finance 0% equipment ABS 1% real estate ABS 71% structured settlements 0% student loan ABS 9% trade receivables 1%

In a first, Lehman Brothers is acting as an administrator on an asset-backed commercial paper program. More accustomed to acting as a dealer for programs administered by others, the investment bank recently launched Aegis Finance, a partially supported and single-seller vehicle that will issue as much as $2.1 billion in secured liquidity notes (SLNs).