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UNITED CAPITAL MARKETS, INC. (UCM) is a privately-owned institutional bond broker/dealer and market-maker specializing in subordinated and distressed asset-backed securities, collateralized debt obligations and AAA rated Agency and private label collateralized mortgage obligations. UCM invests as principal and maintains an extensive inventory of product.

To its client base, UCM strives to be a leading source of market intelligence and portfolio pricing in some of the most difficult to value sectors of the marketplace.

In asset-backeds, UCM routinely makes markets in equipment leases, pooled aircraft, franchise, manufactured housing, home equity, credit cards, autos, and many others. UCM buys and sells all types of CDOs, including high yield bond, investment grade, synthetic, ABS-backed and trust-preffereds. In mortgages, UCM trades PACs, Sequentials, IOs/POs, Inverses, Inverse IOs and more.

From its headquarters in Key Biscayne, FL, UCM’s CEO and Head Trader John Devaney and ABS Trader Sean Kirk moved - at current face - $5.1 billion in ABS, CDOs and CMBS in 2003 and maintain a similar pace in 2004.

Out of the Los Angeles office, the mortgage division, run by Branch Manager and CMO Trader Dan Steuer, has traded on average $6 billion in AAAAgency and private label CMOs annually. United Capital Markets is registered with the NASD and SIPC.

BANC OF AMERICA SECURITIES - a subsidiary of Bank of America Corporation, is a full-service investment bank and brokerage firm with principal offices in San Francisco, New York, and Charlotte. Together with its London affiliate, Banc of America Securities Limited, the firm delivers capital raising, financial advisory and risk management solutions, bulgebracket trading and global distribution services, and objective research on global markets and growth sectors to corporations, institutional investors, financial institutions and government entities. As a major participant in all asset-backed financing markets, Banc of America Securities serves a broad client base including banks, corporations, asset managers, insurance companies, re-insurers and private clients. With transaction sizes ranging from $25 million to more than $6 billion, Banc of America Securities has securitized a wide array of assets, which include auto loans, home equity and manufactured housing loans, commercial and residential mortgage loans, equipment and auto leases, credit card receivables, student loans, export receivables and bank remittances. Securities are offered in the public or private markets or through the issuance of multi-seller and single-seller asset-backed commercial paper. With Global Structured Finance and Global Structured Products professionals in Charlotte, Chicago, Dallas, Los Angeles, New York, London and Tokyo, Banc of America Securities has the expertise to serve any client’s securitization needs.

Founded in 1923, BEAR, STEARNS&CO. INC. is a leading investment banking and securities trading and brokerage firm, and the major subsidiary of The Bear Stearns Companies Inc. (NYSE:BSC). With approximately $41.6 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. The company’s business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales and trading, securities research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers financing, securities lending, clearing and technology solutions to hedge funds, broker-dealers and investment advisors. Headquartered in New York City, the company has approximately 10,700 employees worldwide. For additional information about Bear Stearns, please visit the firm’s website at http://www.bearstearns.com.

CITIGROUP GLOBAL MARKETS, a member of Citigroup, is a leader in asset-backed and mortgage securitization in the US and throughout the world. Term securitization is globally coordinated in New York with professionals located in London, Tokyo, Hong Kong, Sydney and Seoul. In the US, Citigroup has been a top underwriter of ABS since the market was created in the 1980’s. Today, Citigroup maintains a market leadership position in the structuring, distribution, trading and research of ABS. Citigroup experience includes a franchise in mainstream assets such as autos, credit cards and mortgage-related assets as well as innovation and creativity in emerging asset classes. The securitization effort is globally coordinated with Citigroup’s asset-backed Commercial Paper vehicle business, the global market leader. Citigroup is uniquely positioned to offer our client the best securitization funding solutions.

CREDIT SUISSE FIRST BOSTON (CSFB) is a leading global investment bank serving institutional, corporate, government and high net worth clients. CSFB’s businesses include securities underwriting, sales and trading, investment banking, private equity, financial advisory services, investment research, venture capital and asset management. CSFB is a proven leader across the spectrum of investment banking, capital markets and financial services, ranking in the top tier in virtually all major business segments. CSFB’s organizational structure focuses on providing the highest quality of client-centric services. CSFB is a truly global institution. It operates in more than 89 locations across more than 37 countries on six continents. Powered by a strong local presence, global vision and a seamless ability to execute transactions in and across all markets, CSFB deploys its capital base and global perspective to offer a full range of products, services and capabilities.

The Firm is a business unit of Zurich-based Credit Suisse Group, a leading global financial services company. In addition to the business unit Credit Suisse First Boston, Credit Suisse Group also includes the Credit Suisse Financial Services business unit, which provides private clients and small and medium-sized companies with private banking and financial advisory services, banking products, and pension and insurance solutions from Winterthur.

FITCH RATINGS’ STRUCTURED FINANCE GROUP provides performance analytics, rating criteria and industry commentary on the major structured finance markets, including Asset-Backed Securities, Residential Mortgage-Backed Securities and Collateralized Debt Obligations. The structured finance groups follow Fitch’s overall commitment as a leading global rating agency to provide the world’s credit markets with accurate, timely and prospective credit opinions. The ABS Group analyzes transactions involving securities collateralized by loans, leases, receivables or other assets in the aircraft, auto loan, credit card, student loan and timeshare sectors. The ABS Group often works in conjunction with the Financial Institutions, Corporate and Public Finance rating teams. Fitch’s RMBS process evaluates three fundamental aspects of a transaction: the credit quality of the collateral; the financial structure of the security; and the legal separateness of the issuer. In addition, Fitch performs on-site reviews of residential loan servicers and originators and extensive ongoing surveillance of each rated transaction. Analysts in the Fitch CDO group oversee rating coverage on increasingly complex transactions such as cash flow, synthetic and market value CDOs that are backed by various assets from Corporate, CMBS, ABS and other sectors. Through organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade and gained market presence throughout the world and across all fixed-income markets. Fitch Ratings now operates offices and joint ventures in more than 49 locations and covers entities in more than 80 countries, with dual headquarters in New York and London. Fitch Ratings is a wholly owned subsidiary of Fimalac, S.A., an international business support services group headquartered in Paris.

JPMORGAN INSTITUTIONAL TRUST SERVICES (ITS) is a premier provider of trust and transaction management services to debt and equity issuers, intermediaries and investors in the global capital markets. With offices located worldwide, our experienced professionals offer cross-border expertise, as well as product solutions with a local market focus. ITS is committed to investing in the technology and resources needed to deliver comprehensive product offerings and expert customer service to its customers all over the globe.

ITS is dedicated to providing clients with total solutions. By leveraging our expertise in the capital markets and wide range of resources, our product professionals are able to manage complex deals and to deliver innovative solutions, both on a global and local level. We understand our clients and work closely with them to determine their current and future needs, and put our superior technology to work to meet their goals.

For more information please contact Mark Hartzell, SVP at 212-623-5690.

MORGAN STANLEY’S GLOBAL SECURITIZED PRODUCTS GROUP (“SPG”) is comprised of over 200 professional around the globe dedicated to every aspect of structured debt products. The Group provides issuers and investors in the Americas, Europe and Asia with leading edge finance, capital markets, trading, research and execution in the ABS, CMBS, CDO and MBS markets. Morgan Stanley’s fully integrated SPG platforms in New York, London, and Tokyo compliment the global financial services capabilities of the Morgan Stanley franchise. Our highly acclaimed research team has been featured on the Institutional Investor All-star Team and has won every award for European ABS research. Our trading desk is one of Wall Street’s most active ABS/CMBS desks.

Morgan Stanley is dedicated to being the first choice for clients when they look to access the financial markets through securitization. We deliver superior client service globally across a diversified set of securitization products. We are leaders in product innovation and the development of solutions for our clients. For additional information about Morgan Stanley, please visit our website.

SG CORPORATE&INVESTMENT BANKING (SG CIB) is the corporate and investment banking arm of the Société Générale Group (SG). Present in over 50 countries and with expertise in capital markets, advisory and origination across structured finance and commercial banking, SG builds innovative, integrated financial solutions for its corporate, institutional and public sector clients. Securitization is part of SG’s Debt Finance division which provide both issuers and investors with a global, solution-driven approach to their debt finance or investment needs based on an integrated debt and treasury platform. Active for more than a decade, the securitization team has over 100 professionals providing arrangement, structuring and advisory services in Europe, the United States,Canada, Asia and Australia.

SG is one of the top ten worldwide asset-backed commercial paper conduit administrators. SG administers 8 conduits and structured investment vehicles covering the Americas, Europe, Asia and Australia with aggregate commercial paper outstanding of over $30 Billion.

SG CIB is a leader in the structuring, underwriting and placement of ABS. SG CIB is recognized for its achievements in many diverse assets classes, such as Australian RMBS, US equipment and European CMBS. In 2003, SG CIB ranked in the top 10 in all International ABS in Europe and US Equipment backed ABS league tables. SG CIB also ranked #1 in Euro dominated Australian RMBS

Fimat USA, Inc. (Fimat) is part of the Fimat Group, which is one of the largest global brokerage firms and a wholly owned subsidiary of Société Générale Group. Originally a Futures Commission Merchant, Fimat rapidly expanded into cash markets. The Securitized Products Group, a recently formed group of highly experienced professionals, specializes in trading and positioning Mortgage-Backed Securities, Asset Backed and other securitized fixed income products. Fimat is a full member of the MBSCC.

BARCLAYS CAPITAL is the investment banking division of Barclays Bank PLC, one of the largest multi-national financial services groups in the world. With a focus on financing and risk management, Barclays Capital acts internationally as an intermediary and adviser to corporates, financial institutions, governments and supranational organisations. Barclays Capital, which has the support of an AA rated parent bank with a balance sheet of over £440 billion, has offices in 22 countries and around 5,700 people worldwide, giving it the reach and distribution power to meet clients needs wherever they are based. For further information on Barclays Capital visit our website at www.barcap.com.

CREDIT AGRICOLE S.A. and Credit Lyonnais merged in June 2003, forming the 2nd largest bank in the world by total capital funds. The Group’s Corporate and Investment Banking unit (“CALYON”) serves its clients through an international network of 15,000 employees in 70 countries.

Calyon’s Securitization platform consists of approximately 100 securitization professionals located in Paris, London, Milan, Madrid, Frankfurt, New York and Tokyo, and is supported by a comprehensive investor base accessed through 239 sales, syndicate and trading specialists. The products covered include a wide array of asset classes: consumer loans, auto loans, residential mortgages, corporate loans, leasing, trade receivables, future receivables, insurance related assets, inventories, movable assets and commercial properties.

Calyon sponsors 6 commercial paper conduits worldwide comprising over 100 transactions with an aggregate outstanding in excess of $11bn. In Europe Calyon has been active since 1998 through 4 multi seller conduits: Hexagon, H2O, LMA and ESF, and is ranked 7th in the European ABCP market by outstanding amount. In the Americas, Calyon is one of the oldest, most established ABCP conduit sponsors, having launched its first conduit, Atlantic Asset Securitization Corp., in 1993. In addition, Calyon manages La Fayette Asset Securitization LLC. Together these 2 multi seller conduits have more than $6 billion of asset securitization programs in place.

Since 1985, DELOITTE&TOUCHE LLP professionals have added insight, consistency and value to more than 14,000 securitized offerings with an aggregate principal amount of more than $5 trillion. Our effectiveness is derived from the experience we bring, coupled with our research, study and devotion to the intricate business of securitization. Understanding that securitization is a combination of process, regulation and technology, we have assembled the wealth and depth of experience - from the beginning of the securitization process to the end - to offer you a comprehensive business solution to your securitization challenges. Serving leading players in the MBS, ABS, CDO and CMBS markets, domestic and global, we offer state-of-the-art products and expert services in financial modeling, analytics, technology, operations, due diligence, accounting and tax. To provide you with solutions that take into account the complexity of your business, our well-rounded team of specialists with industry experience stands ready to help - no matter what your asset class, transaction structure of infrastructure needs may be. For more information, please contact Howard Kaplan at +1 212 436 2163.

ERNST&YOUNG is one of the largest integrated professional services firms in the world, employing over 103,000 people worldwide. Ernst&Young provides securitization advisory and assurance services to parties involved in the domestic and global structured finance market. We participate in the strategic development and implementation of capital objectives; evaluate the accounting and tax implications of securitization transactions; advise on optimal asset selection, risk assessment and mitigation considerations in the ultimate transaction design; perform audit and tax compliance of securitization vehicles; design and implement portfolio surveillance processes to assist clients with the ongoing monitoring of their portfolios’ performance; and provide cash flow modeling and other essential transaction services at issuance and on an ongoing basis. Ernst&Young is committed to adding value by using our experience and expertise to offer the most effective securitization solutions. In addition to securitization services, we are highly experienced with complex transactions involving derivatives, leasing, mergers and acquisitions, and other capital markets arrangements.

Ernst and Young’s accounting professionals are “on call” 24 hours a day, seven days a week, to offer you the immediacy your transaction demands and the responsiveness you require. We also keep our clients informed about emerging issues as we continuously monitor developments from the FASB, SEC, IASB and IRS as well as other standard-setting and regulatory bodies. Clients receive information on an ongoing basis and can have access to customized client Websites so that vital information is always at their fingertips. To learn more about our securitization services, please contact Steve Campo at (212) 773-7891 / steve.campo@ey.com, or Lisa Filomia-Aktas at 212-773-2833 / lisa.filomia@ey.com. You may also visit our Website at www.ey.com/structuredfinance.

GOLDMAN SACHS is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

The firm’s Fixed Income, Currency and Commodities (FICC) division makes markets in and trades interest rate and credit products, mortgage-backed securities and loans, currencies and commodities, structures and enters into a wide variety of derivative transactions, and engages in proprietary trading.

The Goldman Sachs Structured Products Group is part of the Mortgage Department within the FICC division, and provides customized solutions for both issuers and investors. Staffed by a team of professionals with a wide range of industry and structuring knowledge, the group leverages the firm’s global relationships and expertise in structuring, distribution, and valuation to commit capital, transfer risk, and provide market-based solutions for our clients. A wide range of assets are securitized and traded by the group in both cash and derivative form, including commercial and consumer ABS, CMBS, CDOs/CLOs, and residential mortgages.

LEHMAN BROTHERS is a leading global investment bank providing a full line of financial services to its clients. Lehman Brothers’ comprehensive product areas include the full array of equity, fixed-income, and asset management products as well as strategic advisory services. As a top ranked underwriter of fixed-income securities worldwide and as a leading underwriter of ABS securities, Lehman Brothers is in a unique position to offer issuers and investors structured finance solutions for a full range of asset classes across the globe. Lehman Brothers’ ABS group draws on the expertise of a wide variety of product areas, including derivatives, research, syndicate, investment banking, and money markets to structure optimal solutions for issuers. The senior professionals in Lehman Brothers ABS have, on average, over 10 years of ABS experience. The ABS group is focused on providing cutting edge technology, which makes Lehman Brothers the global market leader in developing financial structures for all types of assets, including home equity loans, credit cards, automobile loans, student loans, collateralized bond and loan obligations (“CBOs and CLOs”), as well as more esoteric asset classes, such as synthetics, net interest margin securitizations, and unsecured consumer loans.

MAYER, BROWN, ROWE&MAW LLP has over 1,300 attorneys, with thirteen principal offices and three representative offices in the United States, Europe and Asia. The firm regularly represents issuers, underwriters and placement agents, investors, trustees, servicers, credit and liquidity enhancers, multi-seller conduits and rating agencies, and is continuously active in securitization in North America, Latin America, Europe, and Asia. In addition to having the largest commercial paper practice in the world, Mayer Brown has experience in almost all other types of assets, including many exotic asset-classes, such as operating leases, future export receivables and charged-off consumer loans, and various types of CLOs and CBOs. In 1999, Mayer Brown developed securitization.NetTM, a collaborative website for the structured finance community that is free tousers and contributors worldwide. It’s packed with news, articles, deal information, publications, conference descriptions, and substantive information on structured finance from rating agencies, accounting firms, banks, publishers, law firms and other Contributors from around the world. Access, contributions to, and links with Securitization.NetTM are free to all issuers, investors, lenders, servicers and others in the structured finance community. Securitization.NetTM is sponsored and maintained by Mayer, Brown, Rowe&Maw LLP.

MERRILL LYNCH is one of the world’s leading financial management and advisory companies, with offices in 35 countries and total client assets of approximately $1.5 trillion. Through three primary business groups - Global Private Client, Merrill Lynch Investment Managers and Global Markets and Investment Banking - Merrill Lynch provides investment, financing, advisory, insurance, banking and related products and services to individuals, companies, institutions and governments across the globe.

Merrill Lynch’s Global Secured Financing businesses leverage the firm’s worldwide resources to deliver integrated and, often, pioneering financing solutions and investment opportunities. Merrill Lynch’s Global Secured Financing businesses serve both the institutional and middle markets through several complimentary and specialized divisions. Whether clients are looking for origination, structuring, investing or distribution support, Merrill Lynch provides an array of solutions to help clients manage their balance sheet, liquidity, risk profile, and profitability. Delivered by an experienced, successful worldwide team, and backed by the capital and commitment of Merrill Lynch, the firm’s secured product suite covers the full range of cash and synthetic options, leveraging ABS, MBS, principal investment, CDO and derivative structures. In 2004, Merrill Lynch was active in a wide range of asset classes, including consumer loans and credit card transactions, residential and commercial real estate, aircraft finance, lease agreements, license and franchise operations, and trade deliveries and services. Merrill Lynch is a leading underwriter of ABS issues and one of the top dealers for Asset Backed Commercial Paper.

MOODY’S INVESTORS SERVICE is among the world’s most respected, widely utilized sources for credit ratings, research and risk analysis. The firm publishes market-leading credit opinions, deal research and commentary that reach more than 3,000 institutions and 22,000 subscribers around the globe. Moody’s integrity and deep market expertise have earned it the trust of capital market participants worldwide. Our ratings and analysis track more than $30 trillion of debt covering approximately 150,000 corporate, government and structured finance securities, 75,000 public finance obligations, 10,000 corporate relationships, and 100 sovereign nations. Moody’s maintains offices in most of the world’s major financial centers and employs more than 1,800 people worldwide, including more than 1,000 analysts. Moody’s Investors Service is a subsidiary of Moody’s Corporation (NYSE: MCO). The corporation had reported revenue of $1.2 billion in 2003. Additional information about the company is available online.

RBS Greenwich Capital is a wholly owned subsidiary of The Royal Bank of Scotland Group plc, the fifth largest bank in the world by market capitalization. For over 20 years, the firm has specialized in the fixed-income markets, building premier Liquid Products and Mortgage- and Asset-Backed Finance businesses. RBS Greenwich Capital maintains leadership positions in these markets and leverages its expertise to create substantial value for its global institutional clients. RBS Greenwich Capital is a major primary dealer in U.S. government securities, and a distinguished market leader in the sales and trading of mortgage-backed securities, asset-backed securities, corporate bonds, credit-default swaps and other credit derivatives, CDOs, and interest-rate derivatives and the asset finance, real-estate finance and securitization markets. It also is a market leader in the provision of high-quality futures brokerage services and trae strategies to select clients. For more information about RBS Greenwich Capital, visit its Web site.

STANDARD&POOR’S STRUCTURED FINANCE RATINGS offers globally a range of rating services, which help investors, bankers, issuers and other constituents benchmark the credit quality of securitized assets. Our coverage includes asset-backed, mortgage-backed, and commercial mortgage-backed securities, in addition to collateralized debt obligations, real estate companies, REITS and homebuilders. We also provide servicer evaluations, assessments of collateral managers and real estate equity managers, tools to track and analyze commercial and residential mortgage risk, as well as deliver through the web, extensive on-going asset performance and collateral information. Standard&Poor’s unmatched understanding in all structured finance markets, our absolute commitment to quality service and our long-standing reputation for objectivity, openness, integrity, and credibility has made us a forward thinking leader worldwide. For additional information, visit our website.

THE BANK OF NEW YORK, founded in 1784, is the nation’s oldest and most experienced bank. It is the principal subsidiary of the Bank of New York Company, Inc, one of the largest bank holding companies in the United States. The Bank provides a complete range of banking and other financial services.

With 68% of The Bank of New York’s revenue derived from its Securities and Fiduciary businesses, the Bank considers Corporate Trust and its other securities services businesses primary to its success. As a result, The Bank of New York is a leading provider of corporate trust and agency services. The Bank and its subsidiaries and affiliates administer a portfolio of more than 90,000 trustee and agency appointments, representing more than $2.75 trillion in outstanding securities for more than 30,000 clients around the world.

DECHERT LLP’S securitization team is experienced in a wide range of securitization transactions, including public offerings and private placements of mortgage-backed and asset-backed securities. Dechert lawyers represent major issuers and underwriters as well as asset originators, conduits, servicers, purchasers, majorrating agencies, trustees, and monoline insurance companies in securitization transactions involving a broad range of assets, including commercial and residential mortgages, 12b-1 mutual fund fees, automobile loans and leases, CLOs, CBOs, CDOs, consumer loan contracts, trade receivables, equipment leases, credit card and insurance premium receivables, health care receivables, and intellectual property rights.

Dechert ranks among the leading global law firms, with more than 700 lawyers offering a full range of legal services to clients in the financial services industry. The securitization team is part of the firm’s Finance and Real Estate Group, consisting of more than 130 lawyers and other professionals skilled in virtually every aspect of capital markets finance, including CMBS, ABS, CDO/CLO and other structured transactions. For more information, contact Malcolm Dorris at 212.698.3519.

DEUTSCHE BANK - With roughly Euro 849 billion in assets and approximately 65,700 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people. Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private&business banking franchise in Germany and other selected countries in Continental Europe. The Securitized Products Group is a fully integrated global team providing securitization services to both issuers and investors through teams based in the United States, Europe, Asia and Australia. Deutsche Bank is an active participant in the public and private asset-backed markets as well as a leading sponsor of multi-seller asset-backed commercial paper conduits.

LLOYDS TSB BANK (rated Aaa/P-1&AA/A-1+) is the largest and one of the longest serving third-party providers of liquidity to ABCP conduits in the US; for over 10 years we have worked with many US based Sponsors, providing liquidity to their conduits. As a partner with the Sponsor Banks, Lloyds TSB seeks to participate in the transactions the Sponsors structure, rather than competing in the origination process. Lloyds TSB also acts as sponsor to Cancara Asset Securitisation (“Cancara”), an A-1+/P-1 rated multi-seller conduit issuing in both US and ECP markets. The primary focus of Cancara is to purchase or finance pools of receivables originated by corporates and financial institutions in the UK and the rest of western Europe. These originators are typically clients of Lloyds TSB. Cancara also enters into co-purchase arrangements with other conduits for transactions in these jurisdictions, as well as in the US. Current Program limit is US$ 12 billion.

MBIA INC. through its subsidiaries, is a leading financial guarantor and provider of specialized financial services. MBIA’s innovative and cost effective products and services meet the credit enhancement and investment needs of its public and private sector clients domestically and internationally. Our superior financial strength and unmatched history of quality service coupled with the largest and most experienced team of credit analysts in the industry makes us the financial guarantor of choice. With Triple-A claims-paying ratings from Moody’s Investors Service, Standard&Poor’s, Fitch, and Ratings and Investment Information, we offer credit enhancement for a wide range of issues in worldwide markets. NYSE symbol: MBI. Please visit our website.

MCKEE NELSON’S securitization and structured finance practice has grown to more than 60 attorneys in the firm’s New York and Washington, D.C. offices. Described by Chambers Global as “a major player in mortgages, auto loans and CDOs,” the firm has “experience in all assets and can compete on both volume and esoteric matters.” Five McKee Nelson structured finance partners have been named “Leading Lawyers” by Chambers for 2004. McKee Nelson has market-leading ABS and MBS practices and one of the country’s premier structured product practices, including CDOs, credit derivatives and structured investment vehicles. Most recently, McKee Nelson joined with U.K.-based Ashurst to form Ashurst|McKee Nelson, An Alliance in Structured Finance. This alliance allows McKee Nelson to provide legal advice on securitization and structured products across the United States, Europe and Asia, giving clients access to global opportunities without the need to work through multiple legal advisors.

ORRICK has consistently been top-ranked in the representation of issuers and underwriters of public offerings of asset-backed securities. Our lawyers have been lead counsel in more public and private credit card transactions over the past 10 years than any other law firm. We currently represent the two largest issuers of residential mortgage securities in the United States. We are also the market leader in the resecuritization of both municipal and corporate securities. Our lawyers have been identified by Chambers Global and Chambers US as “major players” in the field. We have also been recognized in the IFLR 1000, the UK Legal 500, Global Counsel 3000, and Euromoney’s Guide to the World’s Leading Structured Finance Lawyers. Attorneys in Orrick’s Structured Finance Group are based in our New York, Washington D.C., San Francisco, Los Angeles, London, Paris, Rome, and Tokyo offices. For more information on Orrick and the Group please visit our website.

THACHER PROFFITT&WOOD LLP - Our Firm is one of the pre-eminent law firms in the field of securitization and structured finance, and has been a key participant since the origin of this business in the U.S. financial markets over 20 years ago. Few firms can match the duration and depth of our experience in this field. Our Structured Finance Practice Group includes more than 85 attorneys, based primarily in New York and Washington, D.C., providing clients with the critical mass of resources, expertise and experience necessary for top-tier structured finance legal services. We represent issuers, underwriters and all other types of transaction participants in the United States, throughout Europe and Asia, and in Latin America through our office in Mexico City. Our domestic and cross-border experience includes: residential mortgage securitization (including HELOCs and reperforming loans); commercial and franchise loan securitization; resecuritizations; CBOs and CLOs; asset-backed securitization (including equipment leases, health care receivables, trade receivables, credit cards and student loans); commercial paper conduits; cross-border project leasing transactions; offshore and international securitizations; asset finance; derivatives; synthetic securitizations, and regulatory compliance and loan level diligence. Our commitment is to provide top quality, responsive, creative and courteous service to all of our structured finance clients. Please see our website.

UBS

Backed by the resources of the fourth -largest bank holding company based on asset size in the United States, WACHOVIA SECURITIES is an integrated corporate and investment banking firm that deploys a full range of capital raising, market making and financial advisory services to meet the needs of corporate and institutional clients. Wachovia Securities Fixed Income Division provides corporate credit services, along with interest rate derivatives, non-dollar products, structured products and commercial real estate finance to corporate clients and institutional investors. IMPORTANT NOTICE: WACHOVIA SECURITIES IS THE TRADE NAME FOR THE CORPORATE AND INVESTMENT BANKING SERVICES OF WACHOVIA CORPORATION AND ITS SUBSIDIARIES, INCLUDING WACHOVIA CAPITAL MARKETS, LLC (“WCM”), MEMBER NYSE, NASD, SIPC.

BRIGHTWATER CAPITAL MANAGEMENT, a division of WestLB Asset Management (US) LLC, is an investment adviser registered with the U. S. Securities and Exchange Commission. Brightwater, comprised of twenty-one investment professionals, specializes in managing structured finance products, including collateralized debt obligations (CDOs), asset-backed commercial paper conduits (ABCP), and structured investment vehicles (SIVs). Our investment objective is to create stable returns for investors through prudent portfolio selection, active asset/liability management and proactive credit surveillance. Investment vehicle assets are managed to strict parameters designed to maintain asset quality and minimize interest rate and foreign exchange risks.

Brightwater ranks as a leading CDO and SIV manager with approximately $21 billion in structured finance fixed income securities across numerous off-balance sheet vehicles including the Harrier SIV, Blue Heron CDO Series, Greyhawk Funding, and Whitehawk Funding.

CADWALADER, WICKERSHAM&TAFT LLP is a nationally recognized leader in securitization and structured products transactions. Expert in all aspects of asset securitization, Cadwalader has participated in approximately $1 trillion of securitization transactions, representing issuers, underwriters, investors, credit enhancers and servicers. The firm has extensive experience in synthetic securities and other asset repackaging structures and was involved in the development of the grantor trust structure, the first CMO and the first auto loan and credit card securitizations. Cadwalader has over 125 lawyers engaged in all types of structured finance transactions practicing in its New York, London, Charlotte, and Washington offices.

CHAPMAN AND CUTLER LLP is a financial services law firm which has served as counsel to a broad range of participants in domestic and cross-border asset securitization and CDO transactions. Clients of the firm have included leading domestic and foreign financial institutions of virtually every size and type acting as issuers, conduit issuers, underwriters, credit enhancers, liquidity providers, investors, trustees, servicers and portfolio managers. These transactions have involved diverse asset types, including traditional assets as well as more difficult or unusual revenue streams. To learn more, visit us on the Web.

THE CIFG GROUP is capitalized with over $700 million in claims paying resources, and has earned Triple-A ratings from Moody’s, Standard&Poor’s, and Fitch. With offices in New York, Paris and London, CIFG provides insurance for investment grade transactions in the structured finance, public finance, and project finance markets in the US and Europe.

For over 25 years CSC has delivered effective, efficient third-party loan servicing, providing a full range of services - origination through liquidation. CSC is also a market leader in insurance tracking, warranty administration and debt protection. With expertise in securitized transactions since 1990, CSC can create servicing programs around each unique ABS transaction. Our capabilities include cold, warm or hot backup servicing, with proven ability to quickly convert distressed portfolios. Founded in 1959, CSC has more than 90,000 employees worldwide who provide consulting, systems integration, IT and business process outsourcing and software to the world’s largest corporations.

DEUTSCHE BANK TRUST COMPANY AMERICAS - Trust&Securities Services (TSS) at Deutsche Bank is one of the largest providers of trust, agency and administrative services to the capital markets globally, with a history in the business dating back to 1903. TSS has earned a reputation for handling the most complex and innovative securitizations in the US and international markets, and operates “at arms length“ from all investment banking and lending businesses in the Deutsche Bank group. This expertise has been recognized in International Securitisation Report’s annual awards where Deutsche Bank was voted Best International Trustee in 2003, the third consecutive year it has won an ISR Best Trustee award. Deutsche Bank was also voted Best Trustee and Administration Service Provider in Structured Finance International’s 2003 poll. In addition to traditional trustee, registrar and agency services, TSS offers a broad range of enhanced services to the securitization market including back-up servicing, regulatory reporting, REMIC tax reporting, document custody, financial consulting, web based investor reporting, interactive web based CDO reporting, ABCP conduit administration and SPV management. Through specialist Structured Finance offices in the US, UK, Germany, Italy, Portugal and Japan the business services ABS, MBS, CMBS, ABCP, CDO and SIV transactions globally. With a worldwide team of dedicated experts, leading-edge technology, a track record of consistent product innovation, an award winning client service platform, and one of the highest credit ratings of any corporate trust provider, Deutsche Bank offers its clients the most professional securitization services in the market. The TSS business at Deutsche Bank also offers a wide range of services on other types of debt and equity transaction and provides domestic securities custody in 24 markets worldwide.

EVERGREEN SPECIALTY FINANCE LENDER SERVICES, LLC (“ESFLS”) is an affiliated Company to Evergreen Collateral Consulting, LLC (“ECC”). ESFLS is focused on providing examination services in the specialty finance area. Our team’s experience in the specialty finance area include: energy and utility, lease finance receivables, commercial loan portfolios, operating assets (rail, container, truck, vessel, etc.), healthcare finance, securitized assets, auto loans (floor-plan and buy here/pay here), consumer and mortgage debt, entertainment, sports finance, retail finance, and time share operations.

At ESFLS we perform collateral, compliance and systems examinations as part of a sponsor’s due diligence or ongoing collateral monitoring. ESFLS’s team of experienced specialists reach beyond the agreed upon procedures and get behind the collateral and/or financial performance. Our experience allows us to understand all the areas of risk and trends, and provide such information to the underwriting team and investors. Our examination reports explain changes in trends and provide an opinion for reserves to mitigate the risks identified during our examination process.

Our firm takes a personal approach with each client. During the examination process, ESFLS communicates areas of concern and findings to both the lender and borrower, which enables us to resolve problem areas during field time and minimize follow-up time. ESFLS is focused on delivering high quality reports and insightful analysis in a timely fashion.

FGIC provides credit enhancement solutions to a broad range of global issuers in the structured finance market. FGIC’s financial position is rated Aaa/AAA/AAA, the highest ratings assigned by Moody’s Investors Service, Standard&Poor’s and Fitch Ratings, respectively. In the global structured finance market, FGIC’s unsurpassed financial guaranty is built on a rigorous underwriting process, experienced underwriting teams who work in partnership with customers to develop innovative financing solutions, outstanding legal and risk management support, an industry-leading technology platform, and an enduring commitment to maintaining our financial strength.

For more information, please contact: Sandra Foist, Managing Director, T: 1 212 312 3072.

FINANCIAL SECURITY ASSURANCE (FSA) is a leading financial guaranty insurance company. It guarantees timely payment of principal and interest on asset-backed securities, structured financings and municipal and public infrastructure bonds in markets around the world. Its Aaa/AAA/AAA guaranty allows issuers to lower their funding costs and provides bondholders with the highest quality investments. FSA’s claims-paying ability is rated AAAby Fitch Ratings, Aaa by Moody’s Investors Service Inc., AAAby Standard&Poor’s Ratings Services (S&P) and AAAby Rating and Investment Information, Inc. (R&I). It is a member of the Dexia group.

GLOBAL SECURITIZATION SERVICES, LLC specializes in the ownership and administration of special purpose vehicles (“SPVs”) established in connection with structured finance transactions. Our clients include domestic and international banks, investment banks, independent finance companies and industrial corporations. The focus of Global Securitization is to provide SPVs with equity capital, independent officers and directors, as well as commercial paper administration, accounting, treasury management and corporate services.

HARRIS NESBITT, a member of BMO Financial Group, manages a rapidly growing securitization business based in Chicago. Established in 1990, the U.S. Securitization Group operates predominantly in the highly structured niche within the asset securitization market segment, catering to middle market companies and specializing is unusual asset types. Across the years the product line has broadened to capitalize on fast-evolving securitization technology. Today the Group enjoys a reputation as creative thinkers and innovators in structuring transactions, and consummate professionals in their field. Since its inception, the USSG has invested over $15 billion in senior and mezzanine ABS transactions with zero losses.

We administer a U.S. dollar asset-backed commercial paper conduit, Fairway Finance Company, LLC (A-1/P-1), holding over $6.5 billion in commercial paper commitments. Additional product offerings include a medium term note conduit, Pooled Investment Notes Capital, LLC (PIN), private and public ABS term financing, and mezzanine ABS financing. With the capability to structure and close transactions under tight client deadlines, combined with our experience and creativity in structuring unique asset types, we can provide a financial solution for you. Begin the process by contacting Jeff Phillips, Executive Managing Director, at (312) 461-7282. Visit our website.

JPMORGAN INSTITUTIONAL TRUST SERVICES (ITS) is a premier provider of trust and transaction management services to debt and equity issuers, intermediaries and investors in the global capital markets. With offices located worldwide, our experienced professionals offer cross-border expertise, as well as product solutions with a local market focus. ITS is committed to investing in the technology and resources needed to deliver comprehensive product offerings and expert customer service to its customers all over the globe.

ITS is dedicated to providing clients with total solutions. By leveraging our expertise in the capital markets and wide range of resources, our product professionals are able to manage complex deals and to deliver innovative solutions, both on a global and local level. We understand our clients and work closely with them to determine their current and future needs, and put our superior technology to work to meet their goals. For more information please contact Mark Hartzell, SVP at 212-623-5690.

KPMG LLP is the audit tax, and risk advisory firm that understands the needs of business in the global economy. We help clients by offering results-oriented business guidance, providing insights that help them stay ahead of the competition and achieve market-leading results. When it comes to the structured finance process, we can help you build financial success. KPMG provides a wide range of services to help businesses with their structured finance goals. KPMG has proven systems and processes in place. Along with dynamic and experienced personnel, KPMG possesses every piece of the puzzle required to successfully bring deals together in a timely manner. Providing advisory and transaction-related securitization services to diversified financial services companies in all stages of the asset life cycle is one of KPMG’s fortes.

For more information on KPMG’s Structured Finance Group, please contact Patti Cary, Partner, at (703) 747-3018 or Scott Carnahan, Partner, at (714) 850 4445. KPMG is the U.S. member firm of KPMG International. KPMG’s International’s member firms operate in 148 countries. Visit KPMG’s Web site.

The Global Securitization Trust Services Group of ABN AMRO/LASALLE BANK provides a full-service trust product targeted at the CDO, SIV, ABCP and RMBS marketplaces.

ABN AMRO/LaSalle has fully integrated our custody, collateral administration, investor reporting, and analytics systems and staffs to form an unparalleled service platform. Our team offers comprehensive Collateral Administration, Portfolio Administration, Trust Administration, Mortgage Collateral Administration and Paying Agent (IPA) services. A few features of these services include responsive compliance testing, detailed leverage loan and structured product collateral tracking, ramp-up custody, and our state-of-the-art Web-Stations www.CDOtrustee.com and www.etrustee.net. Thinking about trust and agency services for your deal? Please call Lora Peloquin (312) 904-7753 for CDO’s or Stephanie Golden (312) 409-6636 for RMBS.

LEWTAN TECHNOLOGIES, INC © is the leading provider of information and technology solutions to the global asset securitization industry, with more than 200 institutional clients. In 1999, Lewtan launched ABSNet(tm), the industry’s leading ABS/MBS surveillance solution providing performance reporting, analytics and news. Lewtan’s Issuer Web Solutions improve deal marketability and provide transparency to ABS investors. Issuer Suite manages all aspects of a securitization program - from pool selection and static pool analysis through investor reporting and accounting. iCDO is the solution of choice for collateral managers who need a robust way to administer their front to back office operations. Lewtan has twice earned the International Securitization Report’s “Global Technology Provider of the Year” award.

LORD SECURITIES CORPORATION (“LORDSPV”), originally established and owned by the partners of a leading Wall Street investment bank, is a management company specializing in the administration and ownership of Special Purpose Vehicles (“SPVs”) formed in association with asset securitization and structured finance transactions. LordSPV provides domestic and offshore SPVs with equity capital, independent directors and officers, as well as administration, ownership, transaction management, accounting and treasury services. LordSPV currently services over 900 special purpose vehicles with financing capabilities in excess of $250 billion. Over a thirty-four year history, in an industry of high and exacting standards, LordSPV remains the primary choice for many of the leaders in securitization as they bring new vehicles into the marketplace.

Professional staff at Lord includes certified public accountants, MBAs, and others with extensive experience in the securitization and structured finance industries. Offices and affiliates are located in New York, Delaware, London, South Africa and Tokyo. Through this network and the experience of its personnel, LordSPV provides originators and their financial and legal advisors with unequalled service covering all jurisdictions seamlessly.

THE MURRAYHILL COMPANY created credit risk management to improve the performance of fixed-income securities. Murrayhill’s services provide clients, security issuers and investors, with a competitive advantage through servicer oversight and transparent reporting on MBS and ABS securities. Using a patent-pending risk-filtering process, Murrayhill analyzes raw data to identify situations that present risk to the investor. Murrayhill’s analysts take action to remove and diminish this risk, resolving both loan-level and systemic issues. Based in Denver, Colorado, The Murrayhill Company monitors more than $800 billion (original balance) in securitized bond portfolios. For more information, visit our website.

As the world’s largest professional services firm, PRICEWATERHOUSECOOPERS LLP offices are located in over a hundred countries. In the past year, the PwC’s and the Structured Finance Group (SFG) have been involved in securitization transactions totaling billions of dollars. Structured Finance Group professionals combine a high-level of technical expertise to provide a wide range of securitization services, such as: deal structuring, asset valuation, due diligence, modeling, operational consulting, tax and accounting analysis, tax reporting, and technology development, implementation and maintenance. Because of the Structured Finance Group’s commitment to financial development, innovative marketing and strategic planning, we continue to meet and exceed our client’s goals and deliverables.

For information on SFG’s services or a demonstration of our technology solutions, please contact one of the following PwC representatives: David M. Lukach at 646.471.3150; Frank Serravalli at 646.471.2669; Debra Rappoport at 646.471.2876.

PAFC was founded in July 2003 by a group of highly seasoned banking and finance professionals. These include Duncan Hennes, Chief Executive Officer, Jeff Bardos, Chief Operating Officer, John Costa, Executive Vice President, and Robert Novick, Managing Director. Gwinneth Berexa joined in 2004 as Managing Director. PAFC’s mission is to promote alternative investment vehicles to finance asset backed issuers through the ABCP marketplace, and to partner with and provide additional liquidity to PAFC’s clients.

Promontory Financial Group is headquartered in Washington, D.C., and is a premier regulatory and financial consulting firm for financial institutions. It was founded by Eugene Ludwig, former U.S. Comptroller of the Currency, and Alan Blinder, former Vice Chairman of the Board of Governors of the Federal Reserve System.

RICHARDS, LAYTON&FINGER is Delaware’s largest law firm with over 130 lawyers. The firm is recognized internationally as an expert in the representation of institutional trustees who provide corporate financial services, Delaware corporate and alternative entity law (including the formation of bankruptcy-remote corporations, trusts, limited liability companies and limited partnerships) and the Delaware Uniform Commercial Code. Richards, Layton&Finger’s lawyers have earned their reputation for excellence and responsiveness by helping to structure and complete many innovative financing transactions.

BANK OF NOVA SCOTIA - Scotia Capital manages various structured financing programs that are designed to provide corporations with a low cost method of funding financial assets. The structured financing programs involve the pledge or sale of ownership interests in the financial assets to a special purpose multi-seller conduit, Liberty Street Funding Corporation (“Liberty Street”) - a Commercial Paper conduit that provides low-cost funding for the Asset- Backed Facilities. Some of the strategic benefits that Liberty Street brings to clients include straightforward execution and efficient timing, flexibility, confidentiality, and price efficiency.

SEWARD & KISSEL LLP is a leading law firm that offers sophisticated legal advice emphasizing business, financial and commercial law and related litigation. We have been actively involved in asset securitization since its inception. Our expertise extends to all areas of law associated with asset securitization, including securities, banking, corporate, insurance, bankruptcy, real estate, tax and investment company laws. Our clients include sponsors, issuers, underwriters, trustees, servicers and credit enhancers participating in all facets and types of securitization from commercial paper facilities to enhanced equipment trust certificate offerings. These experiences have provided us broad knowledge of the industry and a full understanding of the needs of the various participants therein.

SIDLEY AUSTIN BROWN & WOOD LLP is one of the world’s largest full-service law firms, with 1,550 lawyers practicing in North America, Europe and Asia. We have one of the world’s premier securitization and structured finance practices, with more than 150 lawyers in our offices in New York, Chicago, Los Angeles, San Francisco, Washington, D.C., London, Tokyo, Hong Kong and Singapore. From the inception of the securitization industry in the 1970s, our firm has played a leading role in the development of numerous asset classes and transactional structures. We possess market-leading experience in a broad array of asset types and financing techniques. The firm has represented issuers, underwriters, managers and financial guarantors in thousands of asset-backed securitization transactions. For the first three quarters of 2004, the firm was ranked by Thomson Financial as number one issuer’s counsel for U.S. debt, equity, and equity-related deals with over $187 billion in deal value from 317 offerings, and number two underwriter’s counsel in the same category with nearly $171 billion in deal value from 387 offerings. For 2003, the firm was ranked as number two issuer’s counsel for U.S. debt, equity and equity-related deals with over $125 billion in deal value from 260 offerings, and number two in the same category with nearly $170 billion in deal value from 385 offerings.

SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP is one of the world’s leading law firms. Chambers Global and Chambers USA state that the Structured Finance Group ″sits at the forefront of the market″ in terms of volume and complexity. For 20 years, Skadden’s Structured Finance Group has worked on innovative transactions and helped develop many structures that are in common use today. Its core practice includes CBOs, CDOs and CLOs, credit card securitizations, motor vehicle loan and lease securitizations, principal finance, commercial paper conduits, commercial and residential mortgage securitizations and other esoteric transactions including insurance and derivatives products. Skadden routinely represents issuers, underwriters, credit enhancers and investors in securitization transactions.

WELLS FARGO CORPORATE TRUST SERVICES has served the financial markets for over 60 years. Wells Fargo Corporate Trust’s Structured Products Group offers a complete package of integrated and customized services for ABS, MBS and CDO transactions including trustee, backup servicing, document custody, master servicing, securities administration, portfolio administration, and tax and SEC reporting. Wells Fargo provides these services on over 2,000 transactions. Additionally, Wells Fargo has experience with international issuers of ABS transaction. Through their London office, Wells Fargo works with both public and private issuers on a variety of international asset classes representing ABS, MBS and CDO.

For one hundred years, WILMINGTON TRUST, one of the leading financial and wealth management organizations in the United States, has served the fiduciary and financial needs of businesses around the globe. Wilmington Trust is an expert in trustee and special purpose (SP) services for structured finance transactions worldwide and provides specialized and customized services for over 12, 000 capital markets transactions through our own office locations and through our affiliates in California, Delaware, Nevada, New York, London, Dublin, Milan, the Channel Islands, and the Cayman Islands. With a thirty-year track record in the Corporate Client Services industry and a client base spanning fifty countries on six continents, Wilmington Trust has earned an international reputation as one of the world’s leading providers of trust services for securitizations in every asset class.

For more information please contact Pat Evans, Assistant Vice President at 302.636.6104 or Don MacKelcan, Senior Vice President and Division Manager, at 302.636.6071 or visit us online.

XL CAPITAL ASSURANCE INC. (XLCA), rated triple-A by Moody’s Investors Service, Standard&Poor’s Ratings Services, and Fitch Ratings, specializes in consumer and commercial asset securitization; structured investment products; U.S. public finance; and structured single risk, which comprises global infrastructure, power&utilities, future flow securitization, deposit insurance, and whole business securitization. XLCA is an indirect, wholly owned subsidiary of XL Capital Ltd (NYSE: XL), which, through its operating subsidiaries, is a leading provider of insurance and reinsurance coverages and financial products to industrial, commercial and professional service firms, insurance companies and other enterprises on a worldwide basis.

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