Fitch Rates Morgan Stanley Dean Witter Capital I Trust 2002-IQ2.

Business Editors

Morgan Stanley Dean Witter Capital I Trust 2002-IQ2, series 2002-IQ2, commercial mortgage pass-through certificates are rated by Fitch Ratings as follows:

--$118,000,000 class A-1 'AAA';

--$131,500,000 class A-2 'AAA';

--$151,000,000 class A-3 'AAA';

--$262,260,000 class A-4 'AAA';

--$778,574,565 class X-1 (1) 'AAA';

--$691,924,000 class X-2 (1) 'AAA';

--$25,305,000 class B 'AA';

--$24,330,000 class C 'A';

--$7,786,000 class D 'A-';

--$7,786,000 class E 'BBB+';

--$7,785,000 class F 'BBB';

--$5,840,000 class G 'BBB-';

--$9,732,000 class H 'BB+';

--$5,839,000 class J 'BB';

--$3,893,000 class K 'BB-';

--$3,893,000 class L 'B+';

--$2,920,000 class M 'B';

--$2,919,000 class N 'B-';

--$7,786,565 class O 'NR'.

(1) interest-only

Class O is not rated by Fitch. Classes A-1, A-2, A-3, A-4, B, C, and D are offered publicly, while classes X-1, X-2, E, F, G, H, J, K, L, M, N, and O, are privately placed pursuant to rule 144A of the Securities Act of 1933. The certificates represent beneficial ownership interest in the trust, primary assets of which are 105 fixed-rate loans having an aggregate principal balance of approximately $778,574,565 as of the cutoff date.

For a detailed description of Fitch's rating analysis, please see the report titled 'Morgan Stanley Dean Witter Capital I Trust 2002-IQ2' dated June 7, 2002 and available on the Fitch Ratings web site at 'www.fitchratings.com'.