APPENDIX B

Collateral Asset Descriptions and Transaction Summaries

Original Current Tranche Total Deal Issue Coupon Margin/ Asset Moody's S&P Avg Collateral
CUSIP Name Issuer Factor Maturity Moody's S&P Fitch
Face Face Par Par Date Index Premium Type Notch Notch Life Manager
53959PAD6 LOCH 2006-1A C LOCH 2006-1A $12,000,000 1.0000 $12,000,000 $24,000,000 $1,200,000,000 10/4/06 LIBOR01M 1.40% 12/12/2046 CDO A2 A2 A A - 6.2 Winchester
Principal
Finance
86565MAD9 SMSTR 2005-1A B SMSTR 2005-1A $10,000,000 1.0000 $10,000,000 $12,000,000 $400,000,000 10/20/05 synthetic 1.35% 12/6/2045 CDO A3 A3 A- A- A- 7.1 GE Asset
spread Management
Incorporated
87337WAD2 TABS 2006-5A A3 TABS 2006-5A $20,000,000 1.0000 $20,000,000 $60,000,000 $1,500,000,000 10/5/06 LIBOR01M 1.45% 10/8/2046 CDO A2 A2 A A - 6.8 Tricadia CDO
Management,
LLC
89053XAE6 TOPG 2005-1A B TOPG 2005-1A $15,000,000 1.0000 $15,000,000 $26,000,000 $500,000,000 1/18/06 synthetic 1.35% 1/10/2045 CDO A3 A3 A- A- - 7.5 Metropolitan
spread West Asset
Management,
LLC,
92534FAD0 VRGO 2006-1A A3 VRGO 2006-1A $15,000,000 1.0000 $15,000,000 $80,000,000 $2,095,000,000 10/31/06 synthetic 1.40% 11/9/2046 CDO A2 A2 A A - 6.8 Vertical
spread Capital, LLC
00082NAE0 ACABS 2005-2A A3 ACABS 2005-2A $20,000,000 0.9120 $18,240,508 $22,500,000 $450,000,000 8/30/05 synthetic 1.42% 12/6/2044 CDO A3 A3 A- A- - 9.6 ACA
spread Management
26441NAD3 DUKEF 2006-10A A3 DUKEF 2006-10A $20,000,000 1.0000 $20,000,000 $78,000,000 $1,200,000,000 4/12/06 synthetic 1.41% 4/9/2046 CDO A2 A2 A A A 6.8 Ellington
spread Capital
Management
3622X4AH6 GSCSF 2006-2A D GSCSF 2006-2A $20,000,000 1.0000 $20,000,000 $22,500,000 $504,000,000 5/31/06 synthetic 1.55% 6/8/2045 CDO A2 A2 A A A 5.3 GSCP (NJ),
spread L.P.
36868BAE0 GEMST 2005-4A C GEMST 2005-4A $20,000,000 1.0000 $20,000,000 $21,000,000 $600,000,000 1/20/06 synthetic 1.33% 2/12/2041 CDO A2 A2 A A - 5.3 HBK
spread Investments
722694AD8 PINEM 2005-A C PINEM 2005-A $20,000,000 1.0000 $20,000,000 $12,000,000 $401,000,000 11/8/05 synthetic 1.47% 11/16/2045 CDO A2 A2 A A - 4.1 Smith
spread Breeden
Associates
768277AD7 RIVER 2005-1A C RIVER 2005-1A $15,000,000 1.0000 $15,000,000 $5,250,000 $300,000,000 1/19/05 synthetic 1.40% 2/6/2040 CDO A2 A2 A A - 6.0 Deerfield
spread Capital
Management
85233TAD8 STAK 2006-1A 5 STAK 2006-1A $20,000,000 1.0000 $20,000,000 $11,500,000 $500,000,000 7/27/06 synthetic 1.60% 8/10/2046 CDO A2 A2 A A - 8.0 TCW Asset
spread management
Company
925345AE0 VERT 2006-1A A3 VERT 2006-1A $20,000,000 1.0000 $20,000,000 $31,000,000 $775,000,000 4/25/06 synthetic 1.41% 2/9/2046 CDO A2 A2 A A A 6.4 Vertical
spread Capital, LLC
239156AD4 DVSQ 2005-5A C DVSQ 2005-5A $15,000,000 1.0000 $15,000,000 $40,000,000 $2,018,000,000 9/30/05 synthetic 1.46% 10/8/2040 CDO A2 A2 A A - 7.9 TCW Asset
spread Management
Company
13189LAD1 CAMBR 5A B CAMBR 5A $15,000,000 1.0000 $15,000,000 $19,000,000 $502,250,000 12/20/05 synthetic 1.43% 12/6/2045 CDO A3 A3 A- A- - 7.6 Cambridge
spread Place
Investment
Management,
LLP
12777CAE9 CRNMZ 2006-2A C CRNMZ 2006-2A $3,000,000 1.0000 $3,000,000 $33,750,000 $773,375,000 11/9/06 LIBOR03M 1.35% 2/13/2047 CDO A2 A2 A A - 6.9 Cairn
Financial
Products
Limited
078451AD3 BLHV 2005-1A C BLHV 2005-1A $15,000,000 1.0000 $15,000,000 $26,250,000 $750,000,000 6/23/05 synthetic 1.50% 8/8/2045 CDO A2 A2 A A - 6.3 NIBC Credit
spread Management
Inc.
347199AC5 FTDRB 2005-1A A3L FTDRB 2005-1A $15,000,000 1.0000 $15,000,000 $22,000,000 $484,500,u000 8/4/05 synthetic 1.55% 9/12/2040 CDO A2 A2 A A - 6.5 Vanderbilt
spread Capital
Advisors, LLC
46426RAE9 ICM 2005-2A C ICM 2005-2A $15,000,000 1.0000 $15,000,000 $11,000,000 $403,000,000 7/27/05 synthetic 1.68% 8/6/2040 CDO A2 A2 A A A 6.2 Ischus
spread Capital
Management,
LLC
83743LAJ0 SCF 8A C SCF 8A $15,000,000 0.9855 $14,782,894 $12,000,000 $506,500,000 1/25/06 synthetic 1.71% 10/6/2043 CDO A2 A2 A A - 6.0 TCW Asset
spread Management
Company

B-1
 Original Current Tranche Total Deal Issue Coupon Margin/ Asset Moody's S&P Avg Collateral
CUSIP Name Issuer Factor Maturity Moody's S&P Fitch
Face Face Par Par Date Index Premium Type Notch Notch Life Manager
002561AD0 ABAC 2006-HG1A C ABAC 2006-HG1A $6,000,000 1.0000 $6,000,000 $20,250,000 $900,000,000 11/30/06 LIBOR01M 1.80% 11/28/2046 CDO A2 A2 A A - 6.8 Bear Stearns
Asset
Management,
Inc
002561AE8 ABAC 2006-HG1A D ABAC 2006-HG1A $9,000,000 1.0000 $9,000,000 $9,000,000 $900,000,000 11/30/06 LIBOR01M 2.20% 11/28/2046 CDO A3 A3 A- A- - 6.8 Bear Stearns
Asset
Management,
Inc
89054BAE3 TOPG 2006-2A B TOPG 2006-2A $10,000,000 1.0000 $10,000,000 $45,000,000 $1,015,000,000 12/14/06 LIBOR01M 1.45% 12/10/2046 CDO A2 A2 A A - 7.2 Metropolitian
West Asset
Management
12777CAE9 CRNMZ 2006-2A C CRNMZ 2006-2A $17,000,000 1.0000 $17,000,000 $33,750,000 $773,375,000 11/9/06 synthetic 1.95% 2/13/2047 CDO A2 A2 A A - 6.5 Cairn
spread Financial
Products
Limited
34957YAE7 FORTS 2006-2A C FORTS 2006-2A $20,000,000 1.0000 $20,000,000 $20,000,000 $512,700,000 12/7/06 synthetic 2.27% 2/3/2042 CDO A2 A2 A A - 5.4 Aladdin
spread Capital
Management
LLC
46426XAE6 ICM 2006-3A C ICM 2006-3A $20,000,000 1.0000 $20,000,000 $19,000,000 $605,000,000 6/29/06 synthetic 1.81% 7/3/2046 CDO A2 A2 A A - 6.7 Ischus
spread Capital
Management,
LLC
00082WAD2 ACABS 2006-1A A3L ACABS 2006-1A $20,000,000 0.9970 $19,939,607 $40,000,000 $750,000,000 4/27/06 synthetic 2.23% 6/10/2041 CDO A2 A2 A A - 7.0 ACA
spread Management
142146AE9 CACDO 2006-1A C1 CACDO 2006-1A $20,000,000 1.0000 $20,000,000 $60,000,000 $1,565,680,000 11/1/06 synthetic 2.18% 11/10/2046 CDO A2 A2 A A - 7.5 State Street
spread Global
Advisors
362479AD9 GSCSF 2006-4A A3 GSCSF 2006-4A $20,000,000 1.0000 $20,000,000 $45,000,000 $750,000,000 10/6/06 synthetic 2.00% 11/6/2046 CDO A2 A2 A A A 6.9 GSCP (NJ),
spread L.P.
45377MAL5 INDE7 7A D INDE7 7A $20,000,000 1.0000 $20,000,000 $15,000,000 $607,206,000 3/28/06 synthetic 2.40% 1/10/2045 CDO A3 A3 A- A- A- 5.1 Declaration
spread Management
& Research
LLC
543175AJ2 LSTRT 2006-1A D LSTRT 2006-1A $20,000,000 1.0000 $20,000,000 $20,000,000 $500,000,000 8/3/06 synthetic 2.25% 11/6/2046 CDO A2 A2 A A - 6.2 JP Morgan
spread Asset
Management
87337UAD6 TABS 2005-4A D TABS 2005-4A $20,000,000 1.0000 $20,000,000 $10,000,000 $402,000,000 1/26/06 synthetic 1.86% 8/30/2045 CDO A2 A2 A A - 6.7 Tricadia CDO
spread Management,
LLC
08861KAC0 BFCSL 2006-1A D BFCSL 2006-1A $20,000,000 1.0000 $20,000,000 $30,000,000 $750,000,000 10/31/06 synthetic 2.00% 11/14/2046 CDO A2 A2 A A - 7.6 Braddock
spread Financial
Corporation
46426YAC8 ICM 2006-S2A A3L ICM 2006-S2A $10,000,000 1.0000 $10,000,000 $60,000,000 $1,004,000,000 12/21/06 LIBOR03M 1.90% 10/12/2045 CDO A2 A2 A A - 6.0 Ischus
Capital
Management,
LLC
82437XAD0 SHERW 2005-2A C SHERW 2005-2A $20,000,000 1.0000 $20,000,000 $10,000,000 $500,000,000 12/15/05 synthetic 1.65% 10/5/2045 CDO A2 A2 A A - 6.0 Church
spread Tavern
Advisors
007022AD8 ADROC 2005-2A C ADROC 2005-2A $20,000,000 1.0000 $20,000,000 $30,900,000 $1,545,000,000 11/15/05 synthetic 1.75% 2/6/2041 CDO A2 A2 A A - 5.3 Clinton Group
spread Inc.
38521PAE4 GRAND 2005-1A C GRAND 2005-1A $20,000,000 1.0000 $20,000,000 $47,000,000 $1,190,010,000 12/28/05 synthetic 1.75% 4/5/2046 CDO A2 A2 A A - 7.3 TCW Asset
spread Management
Company
85234AAG1 STAK 2006-2A 5 STAK 2006-2A $20,000,000 1.0000 $20,000,000 $27,000,000 $900,000,000 2/8/07 synthetic 2.15% 3/10/2047 CDO A2 A2 A A - 7.0 TCW Asset
spread management
Company
64069PAJ7 NEPTN 2006-3A B NEPTN 2006-3A $20,000,000 1.0000 $20,000,000 $14,000,000 $406,000,000 3/9/06 synthetic 1.51% 3/5/2046 CDO A2 A2 A A - 5.7 Fund America
spread Management
Corporation
25454XAD7 DGCDO 2006-2A C DGCDO 2006-2A $20,000,000 1.0000 $20,000,000 $22,800,000 $600,000,000 6/29/06 synthetic 2.20% 6/15/2049 CDO A2 A2 A A - 6.2 State Street
spread Global
Advisors
006368AC8 ADMSQ 2006-1A C ADMSQ 2006-1A $20,000,000 1.0000 $20,000,000 $15,250,000 $507,250,000 12/15/06 synthetic 2.45% 12/15/2051 CDO A2 A2 A A - 6.5 Credit Suisse
spread Alternative
Capital

B-2
 Original Current Tranche Total Deal Issue Coupon Margin/ Asset Moody's S&P Avg Collateral
CUSIP Name Issuer Factor Maturity Moody's S&P Fitch
Face Face Par Par Date Index Premium Type Notch Notch Life Manager
615120AE2 MNTRS 2006-1A C MNTRS 2006-1A $20,000,000 1.0000 $20,000,000 $14,500,000 $505,000,000 7/31/06 synthetic 2.00% 12/5/2051 CDO A2 A2 A A - 6.8 Vanderbilt
spread Capital
Advisors, LLC
157197AC8 CETUS 2006-1A B CETUS 2006-1A $20,000,000 1.0000 $20,000,000 $55,000,000 $1,000,000,000 7/20/06 synthetic 2.40% 10/16/2046 CDO A2 A2 A A - 6.7 GSCP (NJ),
spread L.P.
15719MAC5 CETUS 2006-2A B CETUS 2006-2A $20,000,000 1.0000 $20,000,000 $55,000,000 $1,000,000,000 9/27/06 synthetic 2.46% 12/20/2046 CDO A2 A2 A A - 6.6 GSCP (NJ),
spread L.P.
3622X0AC5 GSCSF 2006-1A B GSCSF 2006-1A $20,000,000 1.0000 $20,000,000 $26,000,000 $550,000,000 3/31/06 synthetic 2.05% 7/16/2046 CDO A2 A2 A A A 6.4 GSCP (NJ),
spread L.P.
553129AD9 MKP 6A C MKP 6A $20,000,000 1.0000 $20,000,000 $4,000,000 $300,750,000 8/31/06 synthetic 2.15% 6/15/2051 CDO A2 A2 A A - 6.6 MKP Capital
spread Management,
L.L.C.,
82442VAD7 SHERW 2006-3A A3 SHERW 2006-3A $20,000,000 1.0000 $20,000,000 $18,000,000 $500,000,000 1/10/07 synthetic 2.30% 2/9/2047 CDO A2 A2 A A - 6.6 Church
spread Tavern
Advisors
74732AAD9 PYXIS 2006-1A C PYXIS 2006-1A $20,000,000 1.0000 $20,000,000 $89,000,000 $1,500,000,000 10/3/06 synthetic 2.45% 11/10/2046 CDO A2 A2 A A A 6.8 The Putnam
spread Advisory
Company,
LLC
37638NAD3 GLCR 2006-4A C GLCR 2006-4A $10,000,000 0.9936 $9,936,305 $14,000,000 $401,250,000 4/12/06 synthetic 1.90% 10/12/2045 CDO A2 A2 A A - 4.8 Terwin
spread Money
Management
LLC
578325AD4 MAYF 2006-1A A3L MAYF 2006-1A $20,000,000 1.0000 $20,000,000 $46,000,000 $1,010,200,000 8/22/06 synthetic 2.28% 9/12/2046 CDO A2 A2 A A - 6.4 Vanderbilt
spread Capital
Advisors, LLC
89643PAD2 TRNTY 2005-1A B TRNTY 2005-1A $20,000,000 1.0000 $20,000,000 $8,000,000 $300,000,000 4/14/05 synthetic 1.50% 3/8/2040 CDO A3 A3 A- A- - 8.8 Centre
spread Pacific, LLC
89054BAE3 TOPG 2006-2A B TOPG 2006-2A $10,000,000 1.0000 $10,000,000 $45,000,000 $1,015,000,000 12/14/06 synthetic 1.85% 12/10/2046 CDO A2 A2 A A - 7.2 Metropolitian
spread West Asset
Management
23910VAH5 DVSQ 2006-6A C DVSQ 2006-6A $15,000,000 1.0000 $15,000,000 $35,000,000 $2,000,000,000 3/30/06 synthetic 2.60% 9/7/2041 CDO A2 A2 A A - 8.2 TCW Asset
spread Management
Company
362470AC0 GSCSF 2005-1A A3 GSCSF 2005-1A $20,000,000 1.0000 $20,000,000 $26,000,000 $500,000,000 1/12/06 synthetic 1.84% 11/12/2045 CDO A2 A2 A A A 5.3 GSCP (NJ),
spread L.P.
05539MAD2 BFCGE 2006-1A A3L BFCGE 2006-1A $20,000,000 0.9926 $19,852,320 $16,000,000 $301,200,000 2/28/06 synthetic 3.68% 1/10/2041 CDO A2 A2 A A - 7.0 Braddock
spread Financial
Corporation
13189BAF8 CAMBR 7A C CAMBR 7A $20,248,366 1.0000 $20,248,366 $78,300,000 $915,500,000 2/28/07 synthetic 6.55% 6/12/2042 CDO A2 A2 A A - 7.9 Cambridge
spread Place
Investment
Management,
LLP
12776YAD4 CRNMZ 2006-1A 5 CRNMZ 2006-1A $15,000,000 1.0000 $15,000,000 $13,000,000 $500,000,000 9/6/06 synthetic 5.45% 12/9/2046 CDO A2 A2 A A - 7.2 Cairn
spread Financial
Products
Limited
925338AD7 VERT 2006-2A A3 VERT 2006-2A $20,000,000 1.0000 $20,000,000 $26,000,000 $500,000,000 6/20/06 synthetic 2.64% 5/9/2046 CDO A2 A2 A A A 5.8 Vertical
spread Capital, LLC

B-3