Fitch Discusses U.S. CMBS 2005 Outlook Tomorrow 10:00 a.m. EST.

NEW YORK -- Fitch Ratings will hold a U.S. CMBS conference call Tuesday morning, Dec. 7 at 10:00 a.m. Eastern Standard Time (EST) to discuss its Outlook of the U.S. commercial mortgage-backed securities sector for 2005.

Senior Director Mary O'Rourke will provide an overview of the current state of the CMBS industry as well as an outlook for future performance. Prepared remarks are expected to last approximately 10 minutes, immediately followed by a question-and-answer session.

U.S. participants should call 888-266-3888 and dial 10 minutes prior to the start time and give the conference code '2693237' or the title of the call 'Fitch Ratings CMBS Conference Call.'

Interested parties who are not available for the teleconference will be able to hear a replay of the call. To access the replay, U.S. listeners should dial 800-642-1687. The conference ID number is '2693237'.

The call is in conjunction with the release of Fitch's 'Global Structured Finance: 2005 Outlook and 2004 Review' which encompasses an overview of rating performance in the past year for all of the major structured finance sectors in the U.S. and overseas, in addition to its 2005 forecast for the global ABS, CMBS, RMBS and CDOs sectors. The report is available on the Fitch Ratings web site at www.fitchratings.com.