DESCRIPTION OF THE SECURITIES General The description of the Securities contained in this Supplement is not complete and is subject to, and is qualified in its entirety by reference to, all of the provisions of the Trust Agreement. See "Description of the Securities" in the Base Offering Circular. Form of Securities Each  Class  of  Regular  Securities  initially  will  be  issued  and  maintained,  and  may  be transferred only on the book-entry system of the U.S. Federal Reserve Banks (the "Fedwire Book-Entry System"). Beneficial Owners of Book-Entry Securities will ordinarily hold these Securities through one or more financial intermediaries, such as banks, brokerage firms and securities  clearing  organizations  that  are  eligible  to  maintain  book-entry  accounts  on  the Fedwire  Book-Entry  System.  By  request  accompanied  by  the  payment  of  a  transfer  fee  of $25,000  per  Certificated  Security  to  be  issued,  a  Beneficial  Owner  may  receive  a  Regular Security in certificated form. The Residual Securities will not be issued in book-entry form but will be issued in fully registered,  certificated  form  and  may  be  transferred  or  exchanged,  subject  to  the  transfer restrictions applicable to Residual Securities set forth in the Trust Agreement, at the Corporate Trust Office of the Trustee. See "Description of the Securities – Forms of Securities; Book-Entry Procedures" in the Base Offering Circular. Each Class (other than the Increased Minimum Denomination Classes) will be issued in minimum dollar denominations of initial principal balance of $1,000 and integral multiples of $1 in excess of $1,000. The Increased Minimum Denomination Classes will be issued in the following minimum denominations: Class Minimum Denomination S ................................................................................ $   100,000 SD.............................................................................. $1,250,000* SV .............................................................................. $1,112,000* * Notional balance Distributions Distributions on the Securities will be made on each Distribution Date as specified under "Terms  Sheet–Distribution  Date"  in  this  Supplement.  On  each  Distribution  Date  for  a Security, or in the case of the Certificated Securities, on the first Business Day after the related Distribution Date, the Distribution Amount will be distributed to the Holders of record as of the close of business on the last Business Day of the calendar month immediately preceding the month in which the Distribution Date occurs. Beneficial Owners of Book-Entry Securities will receive distributions through credits to accounts maintained for their benefit on the books and records  of  the  appropriate  financial  intermediaries.  Holders  of  Certificated  Securities  will receive distributions by check or, subject to the restrictions set forth in the Base Offering Circular, by wire transfer. See "Description of the Securities – Distributions" and "– Method of Distributions" in the Base Offering Circular. S-10