FWP 1 file1.htm


                                                         Free Writing Prospectus
                                                      Filed Pursuant to Rule 433
                                                  Registration No. 333-130789-03

FROM: [personal identifying information redacted]
SENT: Tuesday, December 05, 2006 5:11 PM
TO: [personal identifying information redacted]
CC: [personal identifying information redacted]
SUBJECT: BSCMSI 2006-PWR14

Based on the information provided by the Mortgage Loan Sellers, RREEF does not
represent more than 5% of the borrowers in the BSCMSI 2006-PWR14 transaction (by
aggregate cut-off date principal balance of the mortgage loans in the
transaction).


STATEMENT REGARDING FREE WRITING PROSPECTUS

The depositor has filed a registration statement (including a prospectus) with
the SEC for the offering to which this free writing prospectus relates. Before
you invest, you should read the prospectus in the registration statement and
other documents the depositor has filed with the SEC for more complete
information about the depositor, the issuer and this offering. You may get these
documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.
Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus you request it by calling toll
free 1-866-803-9204.

This free writing prospectus does not contain all information that is required
to be included in the base prospectus and the prospectus supplement.

The Information in this free writing prospectus is preliminary and is subject to
completion or change.

The Information in this free writing prospectus supersedes information contained
in any prior similar free writing prospectus relating to these securities prior
to the time of your commitment to purchase.

This free writing prospectus is not an offer to sell or solicitation of an offer
to buy these securities in any state where such offer, solicitation or sale is
not permitted.

IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS

Any legends, disclaimers or other notices that may appear at the bottom of, or
attached to, this communication relating to:

(1) these materials not constituting an offer (or a solicitation of an offer),

(2) no representation that these materials are accurate or complete and may not
be updated, or

(3) these materials possibly being confidential, are not applicable to these
materials and should be disregarded. Such legends, disclaimers or other notices
have been automatically generated as a result of these materials having been
sent via Bloomberg or another system.

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Bear Stearns is not responsible for any recommendation, solicitation, offer or
agreement or any information about any transaction, customer account or account
activity contained in this communication.
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