* Compass Bancshares reported that it has terminated one of its two asset-backed commercial paper conduits in December 2002. Its remaining conduit, Sunbelt Funding Corp., is structured as a FAS 140 QSPE, and the company believes it is outside the scope of FIN 46. Sunbelt held approximately $1.1 billion in assets at year-end.

* Eaton Vance, an investment manager, reported that FIN 46 could impact how it accounts for about $1.6 billion of assets in CDOs. Eaton Vance is collateral manager on several deals.

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