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 12,682.9 1 13.4 31 Countrywide Securities Corp 10,458.9 2 11.1 15 Citigroup 8,633.4 3 9.2 24 JP Morgan 8,218.7 4 8.7 11 Royal Bank of Scotland Group 7,776.8 5 8.2 19 Deutsche Bank AG 7,136.2 6 7.6 15 Banc of America Securities LLC 6,721.3 7 7.1 19 Morgan Stanley 5,932.3 8 6.3 17 Bear Stearns & Co Inc 5,165.4 9 5.5 13 Credit Suisse First Boston 4,915.3 10 5.2 14 UBS Warburg 4,861.1 11 5.2 10 Merrill Lynch & Co Inc 2,569.4 12 2.7 4 BANK ONE Corp 2,400.3 13 2.5 4 Wachovia Corp 2,384.6 14 2.5 5 Goldman Sachs & Co 1,266.9 15 1.3 4 General Motors Corp 1,069.1 16 1.1 3 Barclays Capital 765.5 17 0.8 1 Industry Total 94,332.7 - 100.0 171 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 3,149.7 1 25.7 5 Deutsche Bank AG 2,293.1 2 18.7 4 Morgan Stanley 2,085.9 3 17.0 3 Merrill Lynch & Co Inc 1,790.7 4 14.6 3 Credit Suisse First Boston 1,363.2 5 11.1 2 Banc of America Securities LLC 1,136.7 6 9.3 2 UBS Warburg 453.4 7 3.7 1 Industry Total 12,272.6 - 100.0 11 Source: Thomson Financial

Year to date as of May 7 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 1,365 1,365 1,365 1,365 Asset-Back Certs Auto Loans/Recs 21,108 15,594 5,513 20,317 791 4,503 12,523 4,024 35 Cash Catastrophe Bond Commercial Loans 682 188 495 682 638 45 Corp Bond/Note 1,999 1,071 895 1,999 1,411 56 532 Corporate Loans 4,742 183 4,535 4,742 3,544 450 749 Credit Card Rec 28,544 5,739 22,805 28,188 356 7,612 3,909 16,274 750 Debentures 1,291 1,291 1,291 1,291 Equip Loans Equip. Leases 1,808 1,067 742 852 956 253 1,052 434 68 FHLMC 1,259 1,259 1,259 1,259 FNMA 3,480 1,480 1,999 3,480 2,113 1,002 221 144 Floorplan Recs 3,250 3,250 3,224 26 750 2,500 Franchisee Loans 228 228 228 109 Health Care Rec Insurance Recs 1,141 250 891 519 622 1,141 Junk Bonds 2,293 233 2,060 2,293 734 490 1,069 Legal Fees Loans 177 177 177 177 Mnfrd Housing Ct 260 140 121 260 51 146 3 45 Motorcycle Loans 550 550 550 550 Mutual Fund Fees 175 75 100 175 175 Non-Jumbo Mtg Ln 23,637 6,703 16,658 21,942 1,695 11,130 4,254 7,961 51 156 Non-Perf Loans Oil Contracts Preferred Sec 725 146 579 725 36 177 512 Prv Issued Sec 479 178 301 87 392 479 Rental Car Rec. 1,775 1,050 725 1,775 650 1,125 Retail Contracts Rev Cred/Home Eq 73,558 31,803 41,550 66,539 7,020 32,821 22,064 16,981 1,324 224 Sm Business Loan 254 254 254 254 Stranded Costs Struc Fin Credit 5,301 884 4,381 5,301 2,224 222 2,004 770 Student Loans 12,493 600 10,010 11,370 1,123 1,749 2,371 4,345 3,248 68 Swap Agreement Tax Liens Timeshare Loans 303 245 58 303 303 Tobacco Receives 154 154 154 154 Trade Recs Truck Loans Leases 450 450 450 Note: Figures are preliminary and subject to change. Data includes U.S. deals and dollar Euro 144As.Source: Thomson Financial

Rev Cred/Home Eq 39% Credit Card Rec 15% Non-Jumbo Mtg Ln 13% Auto Loans/Recs 11% Student Loans 7% Other 15%

Year to date as of Apr 30 Term (days) 04/24 04/25 04/28 04/29 04/30 1-week

2003 2002 2001 ABS (Public and 144A) 170,423 134,854 119,311 ABS (Public and 144A excluding CDOs) 157,792 121,872 100,941 ABS (Public Only) 142,590 110,331 88,012 ABS (144A Only) 27,833 24,524 31,300 Non-Agency MBS 97,448 66,235 50,426 Agency MBS 201,142 167,408 75,199 CMBS 19,955 14,492 16,781 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 3,424.4 1 18.6 4 Credit Suisse First Boston 2,790.1 2 15.2 6 Deutsche Bank AG 2,234.8 3 12.2 4 BANK ONE Corp 2,112.3 4 11.5 4 JP Morgan 1,844.4 5 10.0 3 Morgan Stanley 1,781.2 6 9.7 3 Goldman Sachs & Co 1,289.4 7 7.0 3 Banc of America Securities LLC 841.5 8 4.6 2 Wachovia Corp 833.9 9 4.5 3 Merrill Lynch & Co Inc 419.3 10 2.3 1 Barclays Capital 406.0 11 2.2 1 Royal Bank of Scotland Group 287.5 12 1.6 2 Westdeutsche Landesbank Giro 120.2 13 0.7 1 Industry Total 18,384.8 - 100.0 23 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 Goldman Sachs & Co 2,998.1 1 23.7 1 Deutsche Bank AG 1,461.5 2 11.6 3 Credit Suisse First Boston 1,400.9 3 11.1 4 Morgan Stanley 1,378.4 4 10.9 3 Bear Stearns & Co Inc 1,270.7 5 10.1 5 Citigroup 1,047.6 6 8.3 3 Wachovia Corp 950.0 7 7.5 2 Westdeutsche Landesbank Giro 545.0 8 4.3 1 Lehman Brothers 355.6 9 2.8 3 JP Morgan 347.6 10 2.8 1 Merrill Lynch & Co Inc 300.8 11 2.4 1 UBS Warburg 200.0 12 1.6 1 Banc of America Securities LLC 197.8 13 1.6 1 Jefferies & Co Inc 161.4 14 1.3 1 First Republic Bank Corp 16.0 15 0.1 1 Industry Total 12,631.4 - 100.0 29 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 7,247.2 1 26.5 10 JP Morgan 4,429.8 2 16.2 8 BANK ONE Corp 4,425.0 3 16.2 6 Morgan Stanley 3,579.5 4 13.1 4 Barclays Capital 2,485.7 5 9.1 4 Banc of America Securities LLC 1,661.2 6 6.1 5 Deutsche Bank AG 1,507.6 7 5.5 4 Credit Suisse First Boston 969.3 8 3.6 3 Wachovia Corp 461.3 9 1.7 2 Merrill Lynch & Co Inc 375.0 10 1.4 1 Lehman Brothers 200.0 11 0.7 1 Industry Total 27,341.5 - 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 Deutsche Bank AG 1,375.2 1 42.3 5 JP Morgan 875.2 2 26.9 4 Citigroup 500.0 3* 15.4 1 BANK ONE Corp 500.0 3* 15.4 1 Industry Total 3,250.3 - 100.0 5 Source: Thomson Financial