AVAILABLE INFORMATION
You should purchase the securities only if you have read and understood the following
documents:
• this Offering Circular Supplement (this "Supplement"),
• the Base Offering Circular and
• in the case of the Group 1 securities, the disclosure document relating to the Underlying
SMBS Securities (the "Underlying SMBS Security Disclosure Document").
The Base Offering Circular and the Underlying SMBS Security Disclosure Document are
available on Ginnie Mae's website located at http://www.ginniemae.gov.
If you do not have access to the internet, call JPMorgan Chase Bank, N.A., which will act as
information agent for the Trust, at (800) 234-GNMA, to order copies of the Base Offering Circular. In
addition, you can obtain copies of any other document listed above by contacting JPMorgan Chase
Bank, N.A. at the telephone number listed above.
Please consult the standard abbreviations of Class Types included in the Base Offering Circular
as Appendix I and the Glossary included in the Base Offering Circular as Appendix II for definitions
of capitalized terms.
TABLE OF CONTENTS
Page
Terms Sheet ..........................................
S-4
Risk Factors ..........................................
S-9
The Trust Assets ..................................
S-11
Ginnie Mae Guaranty ..........................
S-12
Description of the Securities ............
S-13
Yield, Maturity and Prepayment
Considerations ..................................
S-17
Certain Federal Income Tax
Consequences ..................................
S-33
ERISA Matters........................................
S-35
Legal Investment Considerations ....
S-36
Page
Plan of Distribution ............................
S-36
Increase in Size ....................................
S-36
Legal Matters ........................................
S-37
Schedule I: Available Combinations
S-I-1
Schedule II: Scheduled Principal
Balances..............................................
S-II-1
Exhibit A: Underlying SMBS
Securities............................................
A-1
Exhibit B: Cover Page and Terms
Sheet from Underlying SMBS
Security Disclosure Document ....
B-1
S-3