EX-99 2 ex99.htm NOVEMBER 2005 STATEMENT TO CERTIFICATE HOLDERS LEHMAN XS TRUST Mortgage Pass
LEHMAN XS TRUST Mortgage Pass-Through Certificates, Series 2005-1
Distribution Date:          11/25/2005
Record Date:                10/31/2005
Distribution Summary
DISTRIBUTION IN DOLLARS
                                                  Prior         Pass-                                                                                       Current
                            Original              Principal     Through       Interest    Principal     Total          Deferred               Realized      Principal
Class                       Balance               Balance       Rate          Distributed Distributed   Distributed    Interest               Loss          Balance
(1)                         (2)                   (3)           (4)           (5)         (6)           (7)=(5+6)      (8)                    (9)           (10)=(3-6+8-9)
IA1                         87,000,000.00         32,116,214.51 4.142500%     114,563.44  15,827,621.93 15,942,185.37  0.00                   0.00          16,288,592.58
IA2                         178,000,000.00        178,000,000.004.297500%     658,711.25  0.00          658,711.25     0.00                   0.00          178,000,000.00
IA3                         49,458,000.00         49,458,000.00 4.407500%     187,710.28  0.00          187,710.28     0.00                   0.00          49,458,000.00
IA4                         34,940,000.00         28,841,762.83 4.377500%     108,719.43  1,758,635.84  1,867,355.27   0.00                   0.00          27,083,126.99
IIA1                        199,681,000.00        173,020,924.734.660000%     671,897.92  4,759,745.94  5,431,643.86   0.00                   0.00          168,261,178.79
IIA2                        22,557,000.00         19,545,339.82 4.660000%     75,901.07   537,685.55    613,586.62     0.00                   0.00          19,007,654.27
M1                          35,627,000.00         35,627,000.00 4.537500%     139,205.08  0.00          139,205.08     0.00                   0.00          35,627,000.00
M2                          11,452,000.00         11,452,000.00 4.737500%     46,718.59   0.00          46,718.59      0.00                   0.00          11,452,000.00
M3                          8,589,000.00          8,589,000.00  5.487500%     40,586.01   0.00          40,586.01      0.00                   0.00          8,589,000.00
M4                          3,181,000.00          3,181,000.00  5.487500%     15,031.33   0.00          15,031.33      0.00                   0.00          3,181,000.00
IIIA1                       96,389,000.00         76,173,990.89 4.167500%     273,364.12  4,010,022.24  4,283,386.36   0.00                   0.00          72,163,968.65
IIIA2A                      60,000,000.00         60,000,000.00 4.647500%     232,375.00  0.00          232,375.00     0.00                   0.00          60,000,000.00
IIIA2B                      8,056,000.00          8,056,000.00  4.800000%     32,224.00   0.00          32,224.00      0.00                   0.00          8,056,000.00
IIIA3A                      33,176,000.00         33,176,000.00 5.110000%     141,274.47  0.00          141,274.47     0.00                   0.00          33,176,000.00
IIIA3B                      10,000,000.00         10,000,000.00 5.310000%     44,250.00   0.00          44,250.00      0.00                   0.00          10,000,000.00
IIIA4                       23,069,000.00         23,069,000.00 4.870000%     93,621.69   0.00          93,621.69      0.00                   0.00          23,069,000.00
IIIM1                       6,314,000.00          6,314,000.00  4.960000%     26,097.87   0.00          26,097.87      0.00                   0.00          6,314,000.00
IIIM2                       3,642,000.00          3,642,000.00  5.200000%     15,782.00   0.00          15,782.00      0.00                   0.00          3,642,000.00
IIIM3                       2,185,000.00          2,185,000.00  5.820000%     10,597.25   0.00          10,597.25      0.00                   0.00          2,185,000.00
X                           5,726,241.00          5,726,241.00  0.000000%     339,554.45  0.00          339,554.45     0.00                   0.00          5,726,241.00
IIIX                        725.44                849,811.00    0.000000%     251,881.80  0.00          251,881.80     0.00                   0.00          849,811.00
P                           100.00                100.00        0.000000%     29,471.56   0.00          29,471.56      0.00                   0.00          100.00
IIIP                        100.00                100.00        0.000000%     2,306.30    0.00          2,306.30       0.00                   0.00          100.00
Totals                      879,043,166.44        769,023,484.78              3,551,844.9126,893,711.50 30,445,556.41  0.00                   0.00          733,368,521.28
Notional Classes
IAX                         388,868,463.89        327,886,441.231.700000%     464,505.79  0.00          464,505.79     0.00                   0.00          310,300,183.46
IIIAIO                      60,000,000.00         60,000,000.00 0.962500%     48,125.00   0.00          48,125.00      0.00                   0.00          60,000,000.00
Totals                      448,868,463.89        387,886,441.23              512,630.79  0.00          512,630.79     0.00                   0.00          100.00
Distribution Summary (Factors)
PER $1,000 OF ORIGINAL BALANCE
                                                  Prior                                                                                       Current
                                                  Principal     Interest      Principal   Total         Deferred       Realized               Principal
                                                                Distributed
Class                       CUSIP                 Balance       (5/2 x 1000)  Distributed Distributed   Interest       Loss                   Balance
                                                  (3/2 x 1000)                (6/2 x 1000)(7/2 x 1000)  (8/2 x 1000)   (9/2 x 1000)           (10/2 x 1000)
IA1                         86359DLA3             369.151891    1.316821      181.926689  183.243510    0.000000       0.000000               187.225202
IA2                         86359DLB1             1,000.000000  3.700625      0.000000    3.700625      0.000000       0.000000               1,000.000000
IA3                         86359DLC9             1,000.000000  3.795347      0.000000    3.795347      0.000000       0.000000               1,000.000000
IA4                         86359DLD7             825.465450    3.111604      50.333023   53.444627     0.000000       0.000000               775.132427
IIA1                        86359DLE5             866.486670    3.364857      23.836749   27.201606     0.000000       0.000000               842.649921
IIA2                        86359DKM8             866.486670    3.364857      23.836749   27.201606     0.000000       0.000000               842.649921
M1                          86359DKN6             1,000.000000  3.907292      0.000000    3.907292      0.000000       0.000000               1,000.000000
M2                          86359DKP1             1,000.000000  4.079514      0.000000    4.079514      0.000000       0.000000               1,000.000000
M3                          86359DKQ9             1,000.000000  4.725348      0.000000    4.725348      0.000000       0.000000               1,000.000000
M4                          86359DLG0             1,000.000000  4.725347      0.000000    4.725347      0.000000       0.000000               1,000.000000
IIIA1                       86359DLF2             790.276804    2.836051      41.602488   44.438539     0.000000       0.000000               748.674316
IIIA2A                      86359DKR7             1,000.000000  3.872917      0.000000    3.872917      0.000000       0.000000               1,000.000000
IIIA2B                      86359DKS5             1,000.000000  4.000000      0.000000    4.000000      0.000000       0.000000               1,000.000000
IIIA3A                      86359DKT3             1,000.000000  4.258333      0.000000    4.258333      0.000000       0.000000               1,000.000000
IIIA3B                      86359DKU0             1,000.000000  4.425000      0.000000    4.425000      0.000000       0.000000               1,000.000000
IIIA4                       86359DKV8             1,000.000000  4.058333      0.000000    4.058333      0.000000       0.000000               1,000.000000
IIIM1                       86359DKX4             1,000.000000  4.133334      0.000000    4.133334      0.000000       0.000000               1,000.000000
IIIM2                       86359DKY2             1,000.000000  4.333333      0.000000    4.333333      0.000000       0.000000               1,000.000000
IIIM3                       86359DKZ9             1,000.000000  4.850000      0.000000    4.850000      0.000000       0.000000               1,000.000000
X                           002165ZZ3             1,000.000000  59.297967     0.000000    59.297967     0.000000       0.000000               1,000.000000
IIIX                        002165ZZ4             ##############347,212.4503750.000000    347,212.4503750.000000       0.000000               ##############
P                           002165ZZ1             1,000.000000  294,715.6000000.000000    294,715.6000000.000000       0.000000               1,000.000000
IIIP                        002165ZZ2             1,000.000000  23,063.000000 0.000000    23,063.000000 0.000000       0.000000               1,000.000000
IAX                         86359DKL0             843.180848    1.194506      0.000000    1.194506      0.000000       0.000000               797.956667
IIIAIO                      86359DKW6             1,000.000000  0.802083      0.000000    0.802083      0.000000       0.000000               1,000.000000
Interest Distribution Detail
DISTRIBUTION IN DOLLARS
                            Prior                 Pass-         Optimal       Prior       Non-Recov                                                         Current
                            Principal             Through       Accrued       Unpaid      Interest      Interest       Deferred               Interest      Unpaid
                                                                                                                                              Distributed
Class                       Balance               Rate          Interest      Interest    Shortfall     Due            Interest               (9)           Interest
(1)                         (2)                   (3)           (4)           (5)         (6)           (7)=(4)+(5)-(6)(8)                                  (10)=(7)-(8)-(9)
IA1                         32,116,214.51         4.142500%     114,563.44    0.00        0.00          114,563.44     0.00                   114,563.44    0.00
IA2                         178,000,000.00        4.297500%     658,711.25    0.00        0.00          658,711.25     0.00                   658,711.25    0.00
IA3                         49,458,000.00         4.407500%     187,710.28    0.00        0.00          187,710.28     0.00                   187,710.28    0.00
IA4                         28,841,762.83         4.377500%     108,719.43    0.00        0.00          108,719.43     0.00                   108,719.43    0.00
IIA1                        173,020,924.73        4.660000%     671,897.92    0.00        0.00          671,897.92     0.00                   671,897.92    0.00
IIA2                        19,545,339.82         4.660000%     75,901.07     0.00        0.00          75,901.07      0.00                   75,901.07     0.00
M1                          35,627,000.00         4.537500%     139,205.08    0.00        0.00          139,205.08     0.00                   139,205.08    0.00
M2                          11,452,000.00         4.737500%     46,718.59     0.00        0.00          46,718.59      0.00                   46,718.59     0.00
M3                          8,589,000.00          5.487500%     40,586.01     0.00        0.00          40,586.01      0.00                   40,586.01     0.00
M4                          3,181,000.00          5.487500%     15,031.33     0.00        0.00          15,031.33      0.00                   15,031.33     0.00
IIIA1                       76,173,990.89         4.167500%     273,364.12    0.00        0.00          273,364.12     0.00                   273,364.12    0.00
IIIA2A                      60,000,000.00         4.647500%     232,375.00    0.00        0.00          232,375.00     0.00                   232,375.00    0.00
IIIA2B                      8,056,000.00          4.800000%     32,224.00     0.00        0.00          32,224.00      0.00                   32,224.00     0.00
IIIA3A                      33,176,000.00         5.110000%     141,274.47    0.00        0.00          141,274.47     0.00                   141,274.47    0.00
IIIA3B                      10,000,000.00         5.310000%     44,250.00     0.00        0.00          44,250.00      0.00                   44,250.00     0.00
IIIA4                       23,069,000.00         4.870000%     93,621.69     0.00        0.00          93,621.69      0.00                   93,621.69     0.00
IIIM1                       6,314,000.00          4.960000%     26,097.87     0.00        0.00          26,097.87      0.00                   26,097.87     0.00
IIIM2                       3,642,000.00          5.200000%     15,782.00     0.00        0.00          15,782.00      0.00                   15,782.00     0.00
IIIM3                       2,185,000.00          5.820000%     10,597.25     0.00        0.00          10,597.25      0.00                   10,597.25     0.00
X                           5,726,241.00          0.000000%     310,341.71    0.00        0.00          310,341.71     0.00                   339,554.45    0.00
IIIX                        849,811.00            0.000000%     241,800.09    0.00        0.00          241,800.09     0.00                   251,881.80    0.00
P                           100.00                0.000000%     29,471.56     0.00        0.00          29,471.56      0.00                   29,471.56     0.00
IIIP                        100.00                0.000000%     2,306.30      0.00        0.00          2,306.30       0.00                   2,306.30      0.00
  Totals                    769,023,484.78                      3,512,550.46  0.00        0.00          3,512,550.46   0.00                   3,551,844.91  0.00
Notional Classes
IAX                         327,886,441.23        1.700000%     464,505.79    0.00        0.00          464,505.79     0.00                   464,505.79    0.00
IIIAIO                      60,000,000.00         0.962500%     48,125.00     0.00        0.00          48,125.00      0.00                   48,125.00     0.00
  Totals                    387,886,441.23                      512,630.79    0.00        0.00          512,630.79     0.00                   512,630.79    0.00
Principal Distribution
Detail
DISTRIBUTION IN DOLLARS
                                                  Prior                                   Current       Current        Current                Cumulative
                            Original              Principal     Principal     Accreted    Realized      Principal      Principal              Realized
Class                       Balance               Balance       Distribution  Principal   Losses        Recoveries     Balance                Losses
(1)                         (2)                   (3)           (4)           (5)         (6)           (7)            (8)=(3)-(4)+(5)-(6)+(7)(9)
IA1                         87,000,000.00         32,116,214.51 15,827,621.93 0.00        0.00          0.00           16,288,592.58          0.00
IA2                         178,000,000.00        178,000,000.000.00          0.00        0.00          0.00           178,000,000.00         0.00
IA3                         49,458,000.00         49,458,000.00 0.00          0.00        0.00          0.00           49,458,000.00          0.00
IA4                         34,940,000.00         28,841,762.83 1,758,635.84  0.00        0.00          0.00           27,083,126.99          0.00
IIA1                        199,681,000.00        173,020,924.734,759,745.94  0.00        0.00          0.00           168,261,178.79         0.00
IIA2                        22,557,000.00         19,545,339.82 537,685.55    0.00        0.00          0.00           19,007,654.27          0.00
M1                          35,627,000.00         35,627,000.00 0.00          0.00        0.00          0.00           35,627,000.00          0.00
M2                          11,452,000.00         11,452,000.00 0.00          0.00        0.00          0.00           11,452,000.00          0.00
M3                          8,589,000.00          8,589,000.00  0.00          0.00        0.00          0.00           8,589,000.00           0.00
M4                          3,181,000.00          3,181,000.00  0.00          0.00        0.00          0.00           3,181,000.00           0.00
IIIA1                       96,389,000.00         76,173,990.89 4,010,022.24  0.00        0.00          0.00           72,163,968.65          0.00
IIIA2A                      60,000,000.00         60,000,000.00 0.00          0.00        0.00          0.00           60,000,000.00          0.00
IIIA2B                      8,056,000.00          8,056,000.00  0.00          0.00        0.00          0.00           8,056,000.00           0.00
IIIA3A                      33,176,000.00         33,176,000.00 0.00          0.00        0.00          0.00           33,176,000.00          0.00
IIIA3B                      10,000,000.00         10,000,000.00 0.00          0.00        0.00          0.00           10,000,000.00          0.00
IIIA4                       23,069,000.00         23,069,000.00 0.00          0.00        0.00          0.00           23,069,000.00          0.00
IIIM1                       6,314,000.00          6,314,000.00  0.00          0.00        0.00          0.00           6,314,000.00           0.00
IIIM2                       3,642,000.00          3,642,000.00  0.00          0.00        0.00          0.00           3,642,000.00           0.00
IIIM3                       2,185,000.00          2,185,000.00  0.00          0.00        0.00          0.00           2,185,000.00           0.00
X                           5,726,241.00          5,726,241.00  0.00          0.00        0.00          0.00           5,726,241.00           0.00
IIIX                        725.44                849,811.00    0.00          0.00        0.00          0.00           849,811.00             0.00
P                           100.00                100.00        0.00          0.00        0.00          0.00           100.00                 0.00
IIIP                        100.00                100.00        0.00          0.00        0.00          0.00           100.00                 0.00
  Totals                    873,316,000.00        769,023,484.7826,893,711.50 2,928,630.8026,893,711.50 0.00           742,129,773.28         0.00
Collateral Summary - Group 1
ASSET CHARACTERISTICS
                            Cut-Off               Prior         Current
Aggregate Stated Principal
Balance                     388,868,463.89        327,886,441.23310,300,183.46
Loan Count                  1,619                 1,381         1,307
Weighted Average Coupon Rate
(WAC)                       6.432934%             6.417051%     N/A
Net Weighted Average Coupon
Rate (Net WAC)              6.181604%             6.164179%     N/A
Weighted Average Maturity
(WAM in months)             359                   355           354
AVAILABLE PRINCIPAL         AVAILABLE INTEREST
Scheduled Interest          1,753,386.96
Curtailments                450,853.88
Less:                       Servicing Fees        68,599.48
Uncompensated PPIS          0.00
Relief Act Shortfall        0.00
Other Interest Reductions   0.00
TOTAL AVAILABLE INTEREST    1,684,787.48
Current Realized Losses     0.00
Collateral Summary - Group 2
ASSET CHARACTERISTICS
                            Cut-Off               Prior         Current
Aggregate Stated Principal
Balance                     247,342,876.63        217,671,141.18212,373,709.69
Loan Count                  1,071                 941           914
Weighted Average Coupon Rate
(WAC)                       6.624559%             6.588628%     N/A
Net Weighted Average Coupon
Rate (Net WAC)              6.374070%             6.337631%     N/A
Weighted Average Maturity
(WAM in months)             359                   355           354
AVAILABLE PRINCIPAL         AVAILABLE INTEREST
Scheduled Interest          1,195,128.63
Curtailments                6,311.86
Less:                       Servicing Fees        45,439.03
Uncompensated PPIS          0.00
Relief Act Shortfall        0.00
Other Interest Reductions   0.00
TOTAL AVAILABLE INTEREST    1,149,689.60
Current Realized Losses     0.00
Collateral Summary - Group 3
ASSET CHARACTERISTICS
                            Cut-Off               Prior         Current
Aggregate Stated Principal
Balance                     242,831,825.44        223,465,901.89219,455,879.65
Loan Count                  1,046                 966           951
Weighted Average Coupon Rate
(WAC)                       6.571725%             6.528563%     N/A
Net Weighted Average Coupon
Rate (Net WAC)              6.321725%             6.226515%     N/A
Weighted Average Maturity
(WAM in months)             355                   351           350
AVAILABLE PRINCIPAL         AVAILABLE INTEREST
Scheduled Interest          1,215,759.41
Curtailments                195,631.73
Less:                       Servicing Fees        46,555.46
Uncompensated PPIS          0.00
Relief Act Shortfall        0.00
Other Interest Reductions   0.00
TOTAL AVAILABLE INTEREST    1,169,203.95
Current Realized Losses     0.00
Delinquency Information
 GROUP 1
Less Than
30 Days                     30-59 Days            60-89 Days    90+ Days      Totals
Delinquency
Scheduled Principal Balance 1,541,142.58          365,180.50    210,000.00    2,116,323.08
Percentage of Total Pool
Balance                     0.4967%               0.1177%       0.0677%       0.6820%
Number of Loans             10                    3             1             14
Percentage of Total Loans   0.7651%               0.2295%       0.0765%       1.0712%
Bankruptcy
Scheduled Principal Balance 94,800.00             0.00          331,200.00    0.00        426,000.00
Percentage of Total Pool
Balance                     0.0306%               0.0000%       0.1067%       0.0000%     0.1373%
Number of Loans             1                     0             1             0           2
Percentage of Total Loans   0.0765%               0.0000%       0.0765%       0.0000%     0.1530%
Foreclosure
Scheduled Principal Balance                       0.00          231,000.00    51,643.28   282,643.28
Percentage of Total Pool Balance                  0.0000%       0.0744%       0.0166%     0.0911%
Number of Loans                                   0             1             1           2
Percentage of Total Loans                         0.0000%       0.0765%       0.0765%     0.1530%
REO
Scheduled Principal Balance                       0.00          0.00          0.00        0.00
Percentage of Total Pool Balance                  0.0000%       0.0000%       0.0000%     0.0000%
Number of Loans                                   0             0             0           0
Percentage of Total Loans                         0.0000%       0.0000%       0.0000%     0.0000%
Total
Scheduled Principal Balance 94,800.00             1,541,142.58  927,380.50    261,643.28  2,824,966.36
Percentage of Total Pool
Balance                     0.0306%               0.4967%       0.2989%       0.0843%     0.9104%
Number of Loans             1                     10            5             2           18
Percentage of Total Loans   0.0765%               0.7651%       0.3826%       0.1530%     1.3772%
Principal and Interest
Advances                    1,381,049.79
Delinquency Information
 GROUP 2
Less Than
30 Days                     30-59 Days            60-89 Days    90+ Days      Totals
Delinquency
Scheduled Principal Balance 827,948.49            147,000.00    1,156,895.44  2,131,843.93
Percentage of Total Pool
Balance                     0.3899%               0.0692%       0.5447%       1.0038%
Number of Loans             5                     1             4             10
Percentage of Total Loans   0.5470%               0.1094%       0.4376%       1.0941%
Bankruptcy
Scheduled Principal Balance 354,561.58            0.00          0.00          0.00        354,561.58
Percentage of Total Pool
Balance                     0.1670%               0.0000%       0.0000%       0.0000%     0.1670%
Number of Loans             1                     0             0             0           1
Percentage of Total Loans   0.1094%               0.0000%       0.0000%       0.0000%     0.1094%
Foreclosure
Scheduled Principal Balance                       0.00          0.00          665,338.76  665,338.76
Percentage of Total Pool Balance                  0.0000%       0.0000%       0.3133%     0.3133%
Number of Loans                                   0             0             3           3
Percentage of Total Loans                         0.0000%       0.0000%       0.3282%     0.3282%
REO
Scheduled Principal Balance                       0.00          0.00          0.00        0.00
Percentage of Total Pool Balance                  0.0000%       0.0000%       0.0000%     0.0000%
Number of Loans                                   0             0             0           0
Percentage of Total Loans                         0.0000%       0.0000%       0.0000%     0.0000%
Total
Scheduled Principal Balance 354,561.58            827,948.49    147,000.00    1,822,234.203,151,744.27
Percentage of Total Pool
Balance                     0.1670%               0.3899%       0.0692%       0.8580%     1.4841%
Number of Loans             1                     5             1             7           14
Percentage of Total Loans   0.1094%               0.5470%       0.1094%       0.7659%     1.5317%
Principal and Interest
Advances                    932,089.74
Delinquency Information
 GROUP 3
                            30-59 Days            60-89 Days    90+ Days      Totals
Delinquency
Scheduled Principal Balance 673,794.99            200,033.86    141,944.24    1,015,773.09
Percentage of Total Pool
Balance                     0.3070%               0.0911%       0.0647%       0.4629%
Number of Loans             5                     2             1             8
Percentage of Total Loans   0.5258%               0.2103%       0.1052%       0.8412%
Bankruptcy
Scheduled Principal Balance                       0.00          0.00          0.00        0.00
Percentage of Total Pool Balance                  0.0000%       0.0000%       0.0000%     0.0000%
Number of Loans                                   0             0             0           0
Percentage of Total Loans                         0.0000%       0.0000%       0.0000%     0.0000%
Foreclosure
Scheduled Principal Balance                       0.00          0.00          182,138.94  182,138.94
Percentage of Total Pool Balance                  0.0000%       0.0000%       0.0830%     0.0830%
Number of Loans                                   0             0             2           2
Percentage of Total Loans                         0.0000%       0.0000%       0.2103%     0.2103%
REO
Scheduled Principal Balance                       0.00          0.00          0.00        0.00
Percentage of Total Pool Balance                  0.0000%       0.0000%       0.0000%     0.0000%
Number of Loans                                   0             0             0           0
Percentage of Total Loans                         0.0000%       0.0000%       0.0000%     0.0000%
Total
Scheduled Principal Balance                       673,794.99    200,033.86    324,083.18  1,197,912.03
Percentage of Total Pool Balance                  0.3070%       0.0911%       0.1477%     0.5459%
Number of Loans                                   5             2             3           10
Percentage of Total Loans                         0.5258%       0.2103%       0.3155%     1.0515%
Principal and Interest
Advances                    877,202.56
Other Information
Group 1 Senior Cap Agreement
Amount                      29,212.74
Group 1 Senior Next Cap
Agreement Amount            0.00
Class 3-A1 Cap Agreement
Amount                      10,081.71
Class 3-A1 Next Cap
Agreement Amount            0.00
Class 3-A2A Cap Agreement
Amount                      0.00
Class 3-A2A Next Cap
Agreement Amount            0.00
Current Libor               4.037500%
CONTACT INFORMATION         CONTENTS
Distribution Summary        2
Depositor                   Structured Asset
                            Securities Corporation
Distribution Summary
(Factors)                   2
New York, NY  10019
Interest Distribution       2
Underwriter                 Lehman Brothers
745 Seventh Avenue, 7th
Floor
Principal Distribution      2
New York, NY  10019
Collateral Summary          0
2530 South Parker Road, Suite 601
Delinquency Information     2
Trustee                     Citibank, N.A.
Other Information           2
New York, NY  10013
Deal Contact:               Karen Schluter        Citibank, N.A.
karen.schluter@citigroup.com                      Agency and
                                                  Trust
                                                  388 Greenwich
Tel: (212) 816-5827                               Street, 14th
                                                  Floor
Fax: (212) 816-5527                               New York, NY
                                                  10013
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                            www.sf.citidirect.com 2005 Citigroup