Interest Rates:
The Interest Rates for the Fixed Rate Classes are shown on the front cover of
this Supplement or on Schedule I to this Supplement.
The Floating Rate and Inverse Floating Rate Classes will bear interest at per annum rates based
on one-month LIBOR (hereinafter referred to as "LIBOR") as follows:
Class
Interest Rate
Formula(1)
Initial
Interest
Rate(2)
Minimum
Rate
Maximum
Rate
Delay
(in days)
LIBOR
for Minimum
Interest Rate
FP
LIBOR + 0.17%
5.49000000%
0.17%
7.15000000%
0
0.00%
SP
36.41739067% - (LIBOR × 5.21739121)
8.66086943
0.00
36.41739067
0
6.98%
TA
(LIBOR × 3000.00) - 21000.00%
0.00000000
0.00
30.00000000
19
7.00%
TB
5257.50% - (LIBOR × 750.00)
7.50000000
0.00
7.50000000
19
7.01%
(1) LIBOR will be established on the basis of the BBA LIBOR method, as described under
"Description of the Securities – Interest Distributions – Floating Rate and Inverse Float-
ing Rate Classes" in this Supplement.
(2) The initial Interest Rate will be in effect during the first Accrual Period; the Interest Rate
will adjust monthly thereafter.
Allocation of Principal: On each Distribution Date, a percentage of the Principal Distribution
Amount will be applied to the Trustee Fee, and the remainder of the Principal Distribution
Amount (the "Adjusted Principal Distribution Amount") will be allocated in the following
order of priority:
1. To the PAC Classes, until reduced to their Aggregate Scheduled Principal Balance for that
Distribution Date, in the following order of priority:
a. Concurrently, to FP and SP, pro rata, until retired
b. To PH, until retired
2. Concurrently, to TA and TB, pro rata, until retired
3. Sequentially, to CD and CE, in that order, until retired
4. To the PAC Classes in the same manner and order of priority as described in step 1 above,
but without regard to their Aggregate Scheduled Principal Balance, until retired
Scheduled Principal Balances:
The Aggregate Scheduled Principal Balances for the Classes
listed below are included in Schedule II to this Supplement. They were calculated using,
among other things, the following Structuring Range:
Class
Structuring Range
FP, PH and SP (in the aggregate)....................................................
110% PSA through 250% PSA
Tax Status: Single REMIC Series. See "Certain Federal Income Tax Consequences" in this
Supplement and in the Base Offering Circular.
Regular and Residual Classes: Class R is a Residual Class and represents the Residual Interest
of the Trust REMIC; all other Classes of REMIC Securities are Regular Classes.
B-4