CDOs/CLOs

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues Banc One Capital Markets 2,625.0 1 29.7 3 Citigroup 1,849.6 2 20.9 3 JP Morgan 1,525.0 3 17.2 2 Lehman Brothers 1,400.0 4 15.8 4 Merrill Lynch & Co Inc 752.2 5 8.5 2 Goldman Sachs & Co 350.0 6 4.0 1 Banc of America Securities LLC 250.0 7 2.8 1 Wachovia Corp 100.0 8 1.1 1 Industry Total 8,851.8 - 100.0 12 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 - - - - - Industry Total - - - - 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 Royal Bank of Scotland Group 8,384.1 1 13.8 11 Morgan Stanley 6,945.1 2 11.4 13 Lehman Brothers 6,276.1 3 10.3 15 Credit Suisse First Boston 5,632.2 4 9.2 12 Countrywide Securities Corp 4,360.7 5 7.2 4 Deutsche Bank AG 4,261.3 6 7.0 15 Merrill Lynch & Co Inc 4,204.4 7 6.9 6 Bear Stearns & Co Inc 4,086.6 8 6.7 7 Citigroup 3,547.7 9 5.8 10 JP Morgan 3,136.4 10 5.1 6 Industry Total 60,978.1 - 100.0 101 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 Credit Suisse First Boston 1,054.0 1 18.5 2 Morgan Stanley 1,012.6 2* 17.8 2 Lehman Brothers 1,012.6 2* 17.8 2 Merrill Lynch & Co Inc 564.1 4* 9.9 1 JP Morgan 564.1 4* 9.9 1 UBS 530.0 6 9.3 1 Deutsche Bank AG 489.9 7 8.6 1 RBC Capital Markets 462.0 8 8.1 1 Industry Total 5,689.2 - 100.0 6 Source: Thomson Financial

Year to date as of Mar 3 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 Auto Loans/Recs 15,992 12,422 3,571 13,595 2,397 7,191 6,224 2,577 Cash Commercial Loans Corp Bond/Note 103 103 103 103 Corporate Loans 1,440 20 1,420 1,440 1,022 226 192 Credit Card Rec 8,852 4,700 4,152 8,328 524 8,152 200 500 Equip Loans Equip. Leases Floorplan Recs Franchisee Loans Home Impr Loans Junk Bonds Leases Loans Mnfrd Housing Ct 200 200 200 200 Mutual Fund Fees Non-Jumbo Mtg Ln 12,270 6,352 5,808 11,884 386 7,423 776 3,983 47 40 Oil Receivables Preferred Sec 344 30 314 344 158 186 Prv Issued Sec 19 19 19 19 Rental Car Rec. 600 600 600 600 Rev Cred/Home Eq 48,708 29,724 18,918 42,809 5,900 38,505 5,149 4,594 440 20 Sm Business Loan Struc Fin Credit 3,992 1,948 2,044 3,992 1,560 601 1,624 206 Student Loans 5,689 378 4,849 4,541 1,148 4,710 980 Tax Liens Ticket Rec Timeshare Loans 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 50% Auto Loans/Recs 16% Non-Jumbo Mtg Ln 12% Credit Card Rec 9% Student Loans 6% Other 7%

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The fates of the two U.S. ABCP conduits administered by CIBC World Markets are still in question, though apparently CIBC is retaining the staff necessary to keep the conduits on course for natural amortization as the underlying facilities expire.

Despite reports that beleaguered pop star Michael Jackson may attempt to securitize his song catalog in a "Bowie Bond" like offering in last week's New York Daily News, sources see the culmination of such an offering unlikely. Citing an over-leveraging of the catalog, as well as the lengthy process to complete such an offering, both a rating and a buyer would be difficult to obtain.

A mountain of ABS supply hit the U.S. primary market last week, following the holiday-shortened session of trading the prior week. As of last Thursday's close, with $16.5 billion having priced on the week, the market was awaiting a few more pricings - including a massive global U.K. MBS - that could send the weekly total to more than $24 billion.