CDOs/CLOs

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 6,571.7 1 15.6 12 Wachovia Corp 4,379.9 2 10.4 15 UBS 3,917.0 3 9.3 6 Deutsche Bank AG 3,613.9 4 8.6 9 Morgan Stanley 3,528.5 5 8.4 9 Citigroup 3,207.7 6 7.6 13 JP Morgan 2,071.7 7 4.9 5 Lehman Brothers 2,041.5 8 4.8 8 Banc of America Securities LLC 2,021.4 9 4.8 11 Credit Suisse First Boston 1,733.4 10 4.1 4 Industry Total 42,186.0 - 100.0 115 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 11,391.3 1 37.2 18 Citigroup 6,548.3 2 21.4 15 Lehman Brothers 4,119.2 3 13.4 8 Barclays Capital 2,349.4 4 7.7 6 Banc of America Securities LLC 1,718.0 5 5.6 7 Deutsche Bank AG 1,324.7 6 4.3 6 Credit Suisse First Boston 1,194.3 7 3.9 4 Merrill Lynch & Co Inc 827.2 8 2.7 3 Morgan Stanley 550.0 9 1.8 3 Goldman Sachs & Co 425.0 10 1.4 2 Industry Total 30,657.3 - 100.0 53 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 3,958.0 1 37.6 6 Banc of America Securities LLC 1,882.0 2 17.9 4 Morgan Stanley 1,250.0 3 11.9 2 Credit Suisse First Boston 1,058.0 4 10.1 3 Merrill Lynch & Co Inc 1,000.0 5 9.5 1 HSBC Holdings PLC 708.0 6 6.7 2 Wachovia Corp 420.0 7 4.0 1 ABN AMRO 250.0 8 2.4 1 Industry Total 10,526.0 - 100.0 10 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 Countrywide Securities Corp 41,786.3 1 14.4 41 Royal Bank of Scotland Group 32,501.8 2 11.2 63 Lehman Brothers 30,432.2 3 10.5 63 Credit Suisse First Boston 25,398.7 4 8.7 48 Morgan Stanley 25,240.5 5 8.7 50 Bear Stearns & Co Inc 20,130.0 6 6.9 42 Deutsche Bank AG 16,424.0 7 5.6 48 Citigroup 15,641.4 8 5.4 47 Banc of America Securities LLC 14,193.5 9 4.9 43 Merrill Lynch & Co Inc 13,479.1 10 4.6 28 Industry Total 291,044.5 - 100.0 552 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 4,866.6 1 15.8 7 Merrill Lynch & Co Inc 4,299.9 2 14.0 5 Citigroup 3,489.8 3 11.3 5 Morgan Stanley 3,285.4 4 10.7 6 JP Morgan 3,207.9 5 10.4 6 UBS 2,782.5 6 9.0 6 Credit Suisse First Boston 2,745.6 7 8.9 4 Banc of America Securities LLC 2,458.9 8 8.0 3 Lehman Brothers 1,515.8 9 4.9 3 KeyCorp/McDonald Investments 600.0 10 2.0 1 Industry Total 30,825.6 - 100.0 28 Source: Thomson Financial

Year to date as of Aug 4 Coupon Type Market Average Life Buckets Asset Class Volume Pub/144A Fixed Rate Floating Rate Public 144A 0.0 to 0.9 1.0 to 2.9 3.0 to 5.9 6.0 to 7.9 8.0 to 11.0 Aircraft Leases 126 126 126 126 Auto Loans/Recs 41,391 36,622 4,769 35,132 6,259 16,580 18,742 6,069 Comm. Mtg 2,899 1,294 1,605 2,899 1,261 229 829 540 Commercial Loans Corp Bond/Note 3,846 1,696 2,150 3,846 2,569 746 45 485 Corporate Loans 5,352 286 5,066 5,352 2,480 395 370 1,192 914 Credit Card Rec 28,632 10,299 18,333 24,659 3,974 19,334 1,400 5,749 900 1,249 Debentures 2,122 2,122 2,122 2,122 Equip Loans Equip. Leases 4,744 4,469 275 4,164 580 2,293 1,388 554 221 289 Floorplan Recs 8,026 840 7,186 7,902 124 4,014 830 3,182 Franchisee Loans 194 194 194 Home Impr Loans Installment Recs 1,797 1,797 1,797 1,797 Junk Bonds Leveraged Loans 1,174 64 1,110 1,174 38 10 284 842 Mixed Collateral 1,881 7 1,874 1,881 1,500 306 22 53 Mnfrd Housing Ct 200 200 200 200 Motorcycle Loans 2,740 2,740 2,740 313 1,923 504 Mutual Fund Fees 501 331 170 501 501 Non-Jumbo Mtg Ln 68,520 31,864 33,291 65,728 2,793 41,621 14,956 10,760 849 319 Oil Receivables Preferred Sec 3,597 2,268 1,330 3,597 3,253 158 186 Prv Issued Sec 1,852 1,079 380 590 1,262 1,852 Rental Car Rec. 2,400 1,300 1,100 2,400 1,300 1,100 Rev Cred/Home Eq 216,332 125,057 77,504 186,006 30,325 143,388 44,757 25,956 1,606 553 Sm Business Loan 828 828 828 828 Struc Fin Credit 14,838 6,458 8,380 14,838 5,807 2,507 4,928 1,508 Student Loans 30,626 6,957 21,983 25,639 4,986 17,780 3,239 4,044 3,663 1,808 Tax Liens Ticket Rec Timeshare Loans 635 386 250 635 336 300 Tobacco Receives Trade Recs Unspecified/NA Note: Figures are preliminary and subject to change. Data includes U.S. deals and dollar Euro 144As.Source: Thomson Financial

Rev Cred/Home Eq 48% Non-Jumbo Mtg Ln 15% Auto Loans/Recs 9% Student Loans 7% Credit Card Rec 6% Other 15%

Investors holding DVI Inc. medical equipment lease ABS got their first bit of good news in roughly one year last week, as one of the most prominent lease obligors agreed to repay the $60 million it owes the trust. RadNet Management, the primary operating subsidiary of Primedex Inc. - which represented cashflows in each of the nine outstanding transactions - reported last Monday that it would repay its lease obligations at the previously agreed-upon terms.

While double-B rated tranches have become a more regular feature of the mortgage ABS landscape in recent months, it is the brave few who look to venture that far down the capital structure. However, some investors may even be ready to take the plunge into single-B territory - provided the price is right - and issuers are looking to oblige.

The U.S. ABS primary market had a sluggish week with just over $5 billion having priced heading into Friday's session. Business is expected to remain fairly slow throughout traditionally languid August, a reality likely to continue through the upcoming Republican National Convention.