August 28, 2006 at 11:54 AM EDT
Fitch: U.S. ABCP S.M.A.R.T. Update for Week of August 21, 2006

For the week of August 21, 2006, the following ABCP issuers in Fitch's U.S. ABCP S.M.A.R.T. system were updated:

-- Alpine Securitization Corp. (June 2006)

-- Asset One Securitization, LLC (June 2006)

-- Atlantic Asset Securitization (June 2006)

-- Bishops Gate Residential Mortgage Trust (July 2006)

-- Falcon Asset Securitization Company, LLC (June 2006)

-- Galaxy Funding, Inc. (July 2006)

-- Giro Balanced Funding Corp. (May 2006)

-- Greyhawk Funding LLC (June 2006)

-- Jupiter Securitization Corp. (June 2006)

-- La Fayette Asset Securitization (June 2006)

-- Manhattan Asset Funding Co., LLC (June 2006)

-- Park Avenue Receivables Company, LLC (PARCO) (June 2006)

-- Preferred Receivables Corp. (PREFCO) (June 2006)

-- Strand Capital LLC (June 2006)

-- White Point Funding (June 2006)

The most recent month for which data is available is noted in parentheses above. For the most recent and detailed ABCP program surveillance data, visit the S.M.A.R.T. database available on FitchResearch, the Fitch Ratings subscription-based web site located at www.fitchratings.com. Through S.M.A.R.T. Fitch currently provides performance characteristics on over 80 U.S. ABCP conduits.

ABCP S.M.A.R.T. provides a detailed and consistent reporting format for U.S. ABCP performance data. ABCP S.M.A.R.T. consists of two modules: the Conduit Surveillance module presents issuer reports and the Search Engine provides users the ability to sort through Fitch-rated programs by single or multiple characteristics. Fitch rates over 175 ABCP issuing entities globally.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.

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