Fitch Ratings Affirms Wells Fargo Bank's Servicer Ratings.

Business Editors

NEW YORK--(BUSINESS WIRE)--June 19, 2002

Fitch Ratings affirms Wells Fargo Bank's (Wells) primary servicer rating of 'CPS1', master servicer rating of 'CMS2' and special servicer rating of 'CSS1'. All ratings reflect the high level of experience and company tenure of the management team and the financial strength of Wells Fargo Bank.

The primary servicer rating is based on Wells' continued excellent capabilities in the servicing of multifamily and commercial mortgage loans in commercial mortgage-backed securities (CMBS) transactions. The master servicing rating reflects Wells' ability to oversee primary servicers in CMBS transactions and to accurately report and remit to CMBS trustees. Wells' CMBS investor web site is not yet fully developed; however, the necessary enhancements are currently in process. The special servicer rating is based on the strong real estate background of Well's senior management and asset managers and their ability to specially service and resolve assets securing CMBS transactions.

As of June 1, 2002, Wells was named master servicer or primary servicing 3,479 loans in 57 CMBS transactions, totaling $23.5 billion. Wells was also named special servicer on 18 CMBS transactions, totaling $9.3 billion. As of the same date, Wells was actively specially servicing CMBS assets totaling $25.1 million.

Fitch rates commercial mortgage primary, master, and special servicers on a scale of 1 to 4, with 1 being the highest rating. Within each of these rating levels, Fitch further differentiates ratings by plus (+) and minus (-) as well as the flat rating. For more information about Fitch commercial mortgage servicer ratings or rating criteria, refer to the report titled 'Commercial Mortgage Servicer Rating Criteria', dated April 11, 2002 and available on the Fitch Ratings web site at 'www.fitchratings.com'.