Fitch IBCA ABCP Rating Activity For April 2000.

Business Editors

NEW YORK--(BUSINESS WIRE)--May 10, 2000

Fitch IBCA released the following asset-backed commercial paper rating actions for April:

High Peak Funding LLC $2.5 Billion CP Program Rated `F1' by

Fitch IBCA

Erste Bank der Oesterreichischen Sparkassen AG (Erste Bank) New York Branch's $2.5 billion 4(2) asset-backed commercial paper (CP) program High Peak Funding LLC (High Peak) is rated `F1' by Fitch IBCA.

The rating is based on the high quality of the assets that High Peak will purchase, the 100% `F1' or higher liquidity support, the conservatively sized program-wide credit enhancement levels assigned to lower investment grade assets, and the conduit's sound legal structure.

Other Rating Actions for April 2000

Asset Securitization Cooperative Corp. Adds FGIC As Credit

Support Provider

Fitch IBCA affirmed the `F1+' rating of CIBC's Asset Securitization Cooperative Corp. (ASCC) following the replacement of MBIA with FGIC as credit support provider.

In addition, ASCC's program documents were amended to reduce the amount of credit support that could be used before triggering a stop issuance event. The credit support threshold was lowered from 20% to 10%.

Eiffel Funding LLC Amends Transaction To Extend Maturity Date

Fitch IBCA affirmed the `F1' rating for CDC Financial Product's partially supported multi-seller program, Eiffel Funding LLC, following an amendment to one of its transactions which extended the transaction's maturity date.

Holland Limited Securitization Extends Term of Loan Agreement

For Transaction

Fitch IBCA affirmed the `F1' rating of ING Bank's Holland Limited Securitization following the extension of a Loan Agreement for an additional year for one of the program's transactions.

Four Winds Funding Corp. Amends Credit Support Arrangements and

Adds $250 Million Credit Card Transaction

Fitch IBCA affirmed the `F1+' rating of Commerzbank AG's Four Winds Funding Corp. following the addition of $250 million of floating rate variable funding certificates.

In addition, as a result of its increasing volume, Four Winds Funding made certain amendments relating to the floor amount of credit enhancement. At the same time, AMBAC's surety and Commerzbank's letter of credit were increased to meet the program's increase in size.

Autobahn Funding Adds Life Settlement Transaction

Fitch IBCA affirmed the `F1' rating of DG Bank's Autobahn Funding Company's ABCP program following the addition of a $200 million fully supported life settlement transaction.

Lexington Parker Capital Adds Euro CP Issuance Capability

Fitch IBCA affirmed the `F1' rating of Liberty Hampshire Company's Lexington Parker Capital Corporation following the addition of Euro commercial paper capability to the program's organizational documents.