CDOs/CLOs

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues Morgan Stanley 1,000.0 1* 33.6 1 Lehman Brothers 1,000.0 1* 33.6 1 Deutsche Bank AG 489.9 3* 16.4 1 Credit Suisse First Boston 489.9 3* 16.4 1 Industry Total 2,979.7 - 100.0 2 Source: Thomson Financial

Year to date as of Jan 28 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 3,996 2,437 1,559 2,199 1,797 3,345 423 228 Cash Commercial Loans Corp Bond/Note Corporate Loans Credit Card Rec 2,402 1,950 452 1,950 452 2,202 200 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 5,166 518 4,648 5,166 458 725 3,923 59 Oil Receivables Preferred Sec Prv Issued Sec Rental Car Rec. Rev Cred/Home Eq 13,248 6,133 7,115 12,073 1,175 10,436 1,238 1,331 222 20 Sm Business Loan Struc Fin Credit Student Loans 2,980 210 2,770 2,000 980 2,000 980 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 47% Non-Jumbo Mtg Ln 18% Auto Loans/Recs 14% Student Loans 11% Credit Card Rec 9% Other 1%

Year to date as of 01/21 Term (days) 01/15 01/16 01/19 01/20 01/21 1-week

2003 2002 2001 ABS (Public and 144A) 579,549 453,084 370,807 ABS (Public and 144A excluding CDOs) 526,357 398,162 319,006 ABS (Public Only) 461,613 356,994 269,520 ABS (144A Only) 117,936 96,091 101,288 Non-Agency MBS 340,701 266,562 214,280 Agency MBS 559,872 538,773 382,765 CMBS 73,070 55,599 68,086 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 11,840.7 1 17.2 18 Credit Suisse First Boston 7,997.0 2 11.6 15 Morgan Stanley 7,181.6 3 10.4 10 Deutsche Bank AG 7,041.4 4 10.2 11 Citigroup 5,750.3 5 8.3 11 BANK ONE Corp 5,321.8 6 7.7 10 Banc of America Securities LLC 4,854.7 7 7.0 11 Barclays Capital 4,808.9 8 7.0 12 Wachovia Corp 2,978.1 9 4.3 11 Bear Stearns & Co Inc 2,856.5 10 4.1 1 Industry Total 69,060.0 - 100.0 87 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 6,494.3 1 12.2 18 Deutsche Bank AG 6,008.6 2 11.3 15 Wachovia Corp 4,874.9 3 9.2 18 Merrill Lynch & Co Inc 4,839.3 4 9.1 12 Citigroup 4,557.7 5 8.6 14 Goldman Sachs & Co 3,450.3 6 6.5 7 Bear Stearns & Co Inc 3,294.8 7 6.2 13 Lehman Brothers 3,233.4 8 6.1 8 Morgan Stanley 2,785.2 9 5.2 9 JP Morgan 2,540.9 10 4.8 6 Industry Total 53,191.7 - 100.0 143 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 15,920.5 1 24.0 23 BANK ONE Corp 11,756.6 2 17.8 22 JP Morgan 10,553.7 3 15.9 18 Morgan Stanley 5,901.8 4 8.9 6 Barclays Capital 5,748.8 5 8.7 12 Banc of America Securities LLC 4,062.3 6 6.1 13 Deutsche Bank AG 3,917.1 7 5.9 14 Credit Suisse First Boston 2,818.7 8 4.3 10 Lehman Brothers 2,048.1 9 3.1 7 Merrill Lynch & Co Inc 1,744.5 10 2.6 7 Industry Total 66,230.1 - 100.0 108 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 2,184.6 1 26.2 7 BANK ONE Corp 1,150.0 2 13.8 3 JP Morgan 1,125.0 3 13.5 5 Banc of America Securities LLC 922.7 4 11.1 2 Barclays Capital 710.7 5* 8.5 1 Lehman Brothers 710.7 5* 8.5 1 Merrill Lynch & Co Inc 521.2 7* 6.3 2 Societe Generale 521.2 7* 6.3 2 Citigroup 500.0 9 6.0 1 Industry Total 8,346.1 - 100.0 13 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 Lehman Brothers 37,971.6 1 12.3 94 Royal Bank of Scotland Group 28,667.7 2 9.3 60 Citigroup 27,206.9 3 8.8 71 Credit Suisse First Boston 26,643.6 4 8.6 65 Morgan Stanley 25,292.4 5 8.2 52 Bear Stearns & Co Inc 24,232.8 6 7.9 53 Countrywide Securities Corp 23,422.7 7 7.6 41 JP Morgan 22,379.9 8 7.3 32 Banc of America Securities LLC 21,623.9 9 7.0 66 Deutsche Bank AG 21,277.1 10 6.9 52 Industry Total 308,619.6 - 100.0 627 Source: Thomson Financial