Preliminary numbers indicate that following a strong week of lead-managing activity that included underwriting the largest-ever ABS, Banc of America Securities will be the top ABS underwriter for the first quarter of 2002, according to data maintained by Thomson Financial.

While the firm is considered to be a perennial powerhouse in the bank-loan and traditional private placement markets, this quarter represents the first time the Charlotte-based bank has ever attained the No.1 position on the ABS league tables, which have typically been dominated by the likes of Salomon Smith Barney, Credit Suisse First Boston and Merrill Lynch since the market matured in the late 1990's.

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