1345 Avenue of the Americas Trust Rated By Fitch.

Business Editors

NEW YORK--(BUSINESS WIRE)--Sept. 28, 2000

1345 Avenue of the Americas Trust's commercial pass-through certificates, series 2000- XL1345, are rated by Fitch as follows:

--$46,634,219 class A-1, `AAA';

--$233,365,781 class A-2, `AAA';

--$450,000,000 class X interest-only, `AAA';

--$50,900,000 class B, `AA';

--$49,000,000 class C, `A';

--$19,500,000 class D, `A-`;

--$34,200,000 class E, `BBB';

--$16,400,000 class F, `BBB'.

Classes A-1, A-2, B, C, D, E, F, and X are all privately placed pursuant to rule 144A of the Securities Act of 1933. The certificates represent beneficial ownership interest in the trust, primary asset of which is a fixed-rate loan having an aggregate principal balance of $450,000,000 as of the cutoff date. (For a detailed description of Fitch's rating analysis, please see the Fitch research report titled `1345 Avenue of the Americas Trust' dated Sept. 8, 2000, available on Fitch's Web site at `www.fitchratings.com').

Fitch is an international rating agency that provides global capital market investors with the highest quality ratings and research. Dual headquartered in New York and London with a major office in Chicago, Fitch rates entities in 75 countries and has some 1,100 employees in more than 40 local offices worldwide. The agency, which is a combination of Fitch IBCA and Duff & Phelps Credit Rating Co., provides ratings for Financial Institutions, Insurance, Corporates, Structured Finance, Sovereigns and Public Finance Markets worldwide.