Though too early to officially call it, JPMorgan Securities is clinging to a slight $1 billion lead heading into the final week of the year, just over Credit Suisse First Boston and Citibank/Salomon Smith Barney - last year's two top underwriters of ABS - which are in a virtual tie for second place. In 2001, Salomon eked out a win on the last trading day of the year, taking it by less $100 million (See ASR 1/7/02).

Through late last week, JPMorgan had sold about $48 billion of public and Rule 144A ABS product and has already eclipsed its 2001 total volume by more than $5 billion. CS First Boston and Salomon each had $47 billion of ABS supply sold.

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