Fitch Assigns GE Asset Management 'CAM2' CDO Asset Manager Rating.

NEW YORK -- Fitch Ratings assigns GE Asset Management (GEAM) a 'CAM2' structured finance collateralized debt obligation (CDO) asset manager rating.

GEAM's rating can be attributed to a highly sophisticated technology platform contributing to the group's thorough credit research and portfolio monitoring along with comprehensive due diligence practices and a rigorous control environment.

As of June 30, 2006, GEAM had over $25.6 billion in structured products under management and firm-wide fixed-income and cash assets under management of roughly $114 billion. CDO assets constitute roughly $2 billion of the structured products figure. Current CDOs outstanding include Summer Street 2004-1 (closed in December 2004), Summer Street 2005-1 (closed in October 2005), and Summer Street 2005-HG1 (closed in December 2005). Fitch has affirmed all classes of Summer Street 2005-1 as of June 2006.

GEAM's 'CAM2' rating is based on the firm's composite score of 2.18. GEAM's composite score is used to establish a systematically applied quantitative link between its asset manager rating and Fitch's CDO rating criteria, in accordance with the approach outlined in the Fitch report 'Reviewing and Rating CDO Asset Managers' dated Jan. 27, 2006, available on the Fitch Ratings web site at www.fitchratings.com.

--Company and Management Experience '1.75';

--Staffing '2.00';

--Procedures and Controls '1.50';

--Portfolio Management '2.00';

--CDO Administration '1.75';

--Technology '1.50';

--CDO Portfolio Performance 'Not Scored'.

GEAM is wholly owned by GE Company. GEAM is responsible for managing accounts in U.S. Equity, International Equity, Fixed Income, Private Equity and Real Estate Products with total assets at $185 billion as of June 30, 2006. GEAM operates with headquarters in Stamford, CT and offices worldwide in Canada, Chicago, London, Munich, and Tokyo. GEAM has a 70-year heritage of investing. GEAM began managing external money in 1988 and issued their first CDO in 2004.

An updated profile report and full CAM rating report on GE Asset Management will be available on the Fitch web site at www.fitchratings.com.

Fitch rates CDO asset managers by asset class, on a scale of 1 to 5, with 1 being the highest rating. These ratings are based on a standardized scorecard methodology that includes factors in each of the seven groups as noted above.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.