CDOs/CLOs

Year to date as of 06/16 Term (days) 06/10 06/13 06/14 06/15 06/16 1-week

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues Citigroup 6,499.6 1 15.0 11 JP Morgan 6,391.9 2 14.7 9 Deutsche Bank AG 5,641.7 3 13.0 10 Barclays Capital 4,302.5 4 9.9 8 Merrill Lynch & Co Inc 4,114.9 5 9.5 7 Credit Suisse First Boston 4,111.9 6 9.5 8 Banc of America Securities LLC 3,433.1 7 7.9 7 Wachovia Corp 3,362.5 8 7.7 7 Goldman Sachs & Co 1,841.0 9 4.2 2 Lehman Brothers 1,504.9 10 3.5 2 Industry Total 43,478.6 - 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 Merrill Lynch & Co Inc 12,174.2 1 22.7 17 Citigroup 6,085.2 2 11.3 15 Lehman Brothers 4,168.9 3 7.8 12 Morgan Stanley 4,049.6 4 7.5 17 UBS 3,802.6 5 7.1 10 Bear Stearns & Co Inc 2,715.2 6 5.1 7 Goldman Sachs & Co 2,607.0 7 4.9 3 Wachovia Corp 2,359.9 8 4.4 6 Credit Suisse First Boston 2,239.0 9 4.2 5 Deutsche Bank AG 2,052.1 10 3.8 7 Industry Total 53,742.1 - 100.0 135 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 JP Morgan 4,974.9 1 29.0 11 Citigroup 3,474.8 2 20.3 10 Barclays Capital 2,649.0 3 15.5 10 Morgan Stanley 1,966.5 4 11.5 3 Deutsche Bank AG 1,001.4 5 5.8 9 Credit Suisse First Boston 779.9 6 4.6 5 ABN AMRO 600.0 7 3.5 4 Banc of America Securities LLC 586.2 8 3.4 5 Merrill Lynch & Co Inc 512.2 9 3.0 3 Lehman Brothers 416.7 10 2.4 2 Industry Total 17,136.7 - 100.0 39 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 Barclays Capital 1,492.5 1 17.3 2 Morgan Stanley 1,191.7 2 13.8 2 Deutsche Bank AG 1,191.7 2 13.8 2 Credit Suisse First Boston 766.7 4 8.9 1 ABN AMRO 766.7 4 8.9 1 Banc of America Securities LLC 750.0 6 8.7 1 Lehman Brothers 725.8 7 8.4 1 JP Morgan 725.8 7 8.4 1 HSBC Holdings PLC 566.7 9 6.6 1 Citigroup 212.0 10 2.5 1 Industry Total 8,619.5 - 100.0 7 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 Bear Stearns & Co Inc 30,988.0 1 10.3 55 Lehman Brothers 27,484.5 2 9.1 64 Countrywide Securities Corp 27,356.2 3 9.1 32 Morgan Stanley 26,793.0 4 8.9 34 Royal Bank of Scotland Group 25,328.4 5 8.4 42 Deutsche Bank AG 24,584.7 6 8.2 41 Credit Suisse First Boston 24,352.0 7 8.1 52 Citigroup 17,971.3 8 6.0 34 Merrill Lynch & Co Inc 16,890.1 9 5.6 23 Banc of America Securities LLC 16,284.0 10 5.4 32 Industry Total 301,442.9 - 100.0 496 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 5,066.7 1 20.9 7 Banc of America Securities LLC 3,134.2 2 12.9 4 Deutsche Bank AG 3,042.0 3 12.5 5 Morgan Stanley 2,757.6 4 11.4 3 Credit Suisse First Boston 2,696.2 5 11.1 4 Merrill Lynch & Co Inc 1,839.8 6 7.6 2 UBS 1,827.7 7 7.5 4 JP Morgan 1,158.5 8 4.8 3 Lehman Brothers 1,012.4 9 4.2 1 Goldman Sachs & Co 980.9 10 4.0 3 Industry Total 24,265.8 - 100.0 20 Source: Thomson Financial

auto ABS 20% credit card ABS 6% global MBS 5% real estate ABS 58% student loan ABS 8% other 3%

After proving that it has access to funding with its successful wholesale dealer floorplan transaction last week, Ford Motor Credit is unlikely to tap the U.S. floorplan sector for the foreseeable future, sources said. Despite the strong investor demand that led to an increase in size, Ford's master trust is approaching fully funded status and the issuer currently plans to wait until its series 2001-2 transaction matures next July before tapping the sector again.

NEW YORK - At its Auto Securitization Briefing held here last week, Moody's Investors Service discussed servicer risk as it relates to different types of auto securitizations. Annika Sandback, vice president in the asset finance group, isolated the risk to each asset type, covering retail loans, wholesale floorplan loans and rental deals. Moody's also gave a brief rundown of how it ranks auto-loan servicers.