Two Classes of notes issued by EPOCH 2001-4 Synthetic CDO are on watch for possible downgrade by Moody’s Investors Service.  The tranches affected include the $11,000,000 Class 2 Senior Subordinated Floating Rate Notes due Dec. 15, 2006 and the $7,500,000 Class 3 Subordinated Floating Rate Notes due Dec. 15, 2006. The rating of the $6,000,000 Class 1 Senior Secured Floating Rate Notes due Dec.15, 2006 remains unchanged at  (P)Aaa.

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