Credit Fixings
Movie Gallery Auction Results

Final Results of the Movie Gallery Auction, October 23, 2007

Final Price: 91.5

On October 23, 2007, 11 dealers submitted inside markets, physical settlement requests and limit orders to the Movie Gallery auction administered by Creditex and Markit to settle LCDS, LCDX and LCDX Tranche trades across the market. The inputs and results are detailed below.

Dealer Bid Offer Dealer
Bank Of America, N.A. 90 92 Bank Of America, N.A.
Bear Stearns Credit Products Inc. 89.25 91.25 Bear Stearns Credit Products Inc.
Citibank, N.A. 89.75 91.25 Citibank, N.A.
Credit Suisse Securities (USA) LLC 90 92 Credit Suisse Securities (USA) LLC
Deutsche Bank AG 90.5 92.5 Deutsche Bank AG
Goldman Sachs Credit Partners L.P. 90.25 92.25 Goldman Sachs Credit Partners L.P.
J.P. Morgan Securities Inc. 90.25 92.25 J.P. Morgan Securities Inc.
Lehman Brothers Inc. 90 91.25 Lehman Brothers Inc.
Merrill Lynch Credit Products, LLC 89.5 91.5 Merrill Lynch Credit Products, LLC
Morgan Stanley & Co. Incorporated 90.25 92.25 Morgan Stanley & Co. Incorporated
UBS Securities LLC 90.25 91.25 UBS Securities LLC
Inside Market Midpoint: 90.875

Adjustment Amounts

There are no Adjustment Amounts.

Physical Settlement Requests

Dealer Bid/Offer Size
Bank Of America, N.A. Offer 0
Bear Stearns Credit Products Inc. Offer 0
Citibank, N.A. Offer 0
Goldman Sachs Credit Partners L.P. Offer 0
Lehman Brothers Inc. Offer 3
Merrill Lynch Credit Products, LLC Offer 0
Credit Suisse Securities (USA) LLC Bid 10
Deutsche Bank AG Bid 12
J.P. Morgan Securities Inc. Bid 4.5
Morgan Stanley & Co. Incorporated Bid 4
UBS Securities LLC Bid 3
Net Open interest: $30.5 million (bid side)
Sum of buy physical settlement requests $33.5m
Sum of sell physical settlement requests $3m
Sum of physical settlement request trades $3m
Sum of limit order trades $30.5m

Limit Orders

Dealer Offer Size
Bear Stearns Credit Products Inc.** 91.25* 3
Citibank, N.A.** 91.25* 3
Lehman Brothers Inc.** 91.25* 3
UBS Securities LLC** 91.25* 3
Deutsche Bank AG 91.5^ 12
Credit Suisse Securities (USA) LLC 91.5^ 30.5
Merrill Lynch Credit Products, LLC** 91.5^ 3
Goldman Sachs Credit Partners L.P 91.75 5
Credit Suisse Securities (USA) LLC** 92 3
Goldman Sachs Credit Partners L.P 92 5
Bank Of America, N.A.** 92 3
Goldman Sachs Credit Partners L.P** 92.25 3
Morgan Stanley & Co. Incorporated** 92.25 3
J.P. Morgan Securities Inc.** 92.25 3
Deutsche Bank AG** 92.5 3
Merrill Lynch Credit Products, LLC 92.5 3
Lehman Brothers Inc. 92.75 5
Bear Stearns Credit Products Inc. 93.25 2.5
Merrill Lynch Credit Products, LLC 93.25 3
Morgan Stanley & Co. Incorporated 93.5 2.5
Lehman Brothers Inc. 93.5 5
Morgan Stanley & Co. Incorporated 95 2.5

** Limit Orders that were derived from inside markets

* Limit Orders that were filled.

^ Limit Orders that were partially filled.

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