CDOs

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues Banc of America Securities LLC 1,948.3 1 34.2 2 Citigroup 1,850.0 2 32.5 2 Deutsche Bank AG 900.0 3 15.8 1 JP Morgan 499.9 4 8.8 2 Morgan Stanley 250.0 5 4.4 1 Wachovia Corp 249.9 6 4.4 1 Industry Total 5,698.2 - 100.0 7 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 - - - - - Industry Total - - - - 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 Lehman Brothers 8,500.1 1 15.0 15 Credit Suisse 7,667.8 2 13.5 12 Morgan Stanley 5,593.1 3 9.8 8 Bear Stearns & Co Inc 5,392.7 4 9.5 9 Deutsche Bank AG 4,120.8 5 7.3 7 Citigroup 3,753.6 6 6.6 8 Barclays Capital 3,353.5 7 5.9 6 UBS 2,350.0 8 4.1 7 Merrill Lynch & Co Inc 2,349.1 9 4.1 3 Goldman Sachs & Co 2,325.7 10 4.1 2 Industry Total 56,843.8 - 100.0 86 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 3,788.8 1 63.7 3 Banc of America Securities LLC 881.7 2 14.8 2 Deutsche Bank AG 638.7 3 10.7 1 Credit Suisse 638.7 3 10.7 1 Industry Total 5,947.8 - 100.0 5 Source: Thomson Financial

auto ABS 11% credit card ABS 10% equipment ABS 1% real estate ABS 75% student loan ABS 4%

PHOENIX - As an increasing number of investors are expected to pour into the still-green ABX.HE index, liquidity once focused on a wider array of issuer deals could begin to dry up on the single-name ABS credit default swap front, at least in the near term, according to participants at this year's ABS West conference here last week.

PHOENIX - According to some asset-backed securities experts, issuance will be down about 10% in 2006, from record levels seen last year.

"The cost of tuition keeps rising at a faster rate than income or inflation," said Claire Mezzanotte, managing director at Fitch Ratings.

PHOENIX - While subprime lenders try to recoup losses from declining mortgage origination volume, corporate belt tightening and industry consolidation could impact loan performance, according to attendees at last week's ABS West 2006 conference here.

Year to date as of 02/09 Term (days) 02/03 02/06 02/07 02/08 02/09 1-week

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues Citigroup 1,546.2 1 73.1 2 Goldman Sachs & Co 411.2 2 19.5 1 Wachovia Corp 157.1 3 7.4 1 Industry Total 2,114.5 - 100.0 3 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 Morgan Stanley 1,100.0 1 21.4 2 Merrill Lynch & Co Inc 991.5 2 19.3 3 Citigroup 820.5 3 16.0 1 Credit Suisse 723.4 4 14.1 1 Banc of America Securities LLC 600.0 5 11.7 2 Deutsche Bank AG 500.0 6 9.7 1 Bear Stearns & Co Inc 327.2 7 6.4 1 JP Morgan 82.0 8 1.6 1 Industry Total 5,144.6 - 100.0 12 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 1,850.0 1 56.9 2 Deutsche Bank AG 900.0 2 27.7 1 Morgan Stanley 250.0 3 7.7 1 JP Morgan 250.0 3 7.7 1 Industry Total 3,250.0 - 100.0 4 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 - - - - - Industry Total - - - - 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 Credit Suisse 5,468.4 1 12.8 9 Bear Stearns & Co Inc 5,381.6 2 12.6 8 Morgan Stanley 4,425.9 3 10.4 7 Deutsche Bank AG 4,120.8 4 9.7 7 Citigroup 3,664.6 5 8.6 6 UBS 2,634.4 6 6.2 9 Barclays Capital 2,554.1 7 6.0 5 Royal Bank of Scotland Group 1,998.1 8 4.7 4 Banc of America Securities LLC 1,898.8 9 4.5 5 Merrill Lynch & Co Inc 1,307.2 10 3.1 1 Industry Total 42,593.1 - 100.0 68 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 3,788.8 1 100.0 3 Industry Total 3,788.8 - 100.0 3 Source: Thomson Financial

auto ABS 5% credit card ABS 9% equipment ABS 1% real estate ABS 83% student loan ABS 3%

Year to date as of 02/02 Term (days) 01/27 01/30 01/31 02/01 02/02 1-week

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues Citigroup 1,546.2 1 73.1 2 Goldman Sachs & Co 411.2 2 19.5 1 Wachovia Corp 157.1 3 7.4 1 Industry Total 2,114.5 - 100.0 3 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 Merrill Lynch & Co Inc 991.5 1 37.1 3 Morgan Stanley 800.0 2 29.9 1 Deutsche Bank AG 500.0 3 18.7 1 Banc of America Securities LLC 300.0 4 11.2 1 JP Morgan 82.0 5 3.1 1 Industry Total 2,673.5 - 100.0 7 Source: Thomson Financial