Fitch has identified 21 Loans of Concern 42

As of theDecember 2008 distribution date, the transaction's aggregate principal balancehas decreased 69.3, to $268.8 million from $1.33 billion at issuance Fourteenloans (29.3) are defeased. Sixty-two loans remain in the pool, decreased from228 at issuance. Fitch has identified 21 Loans of Concern (42.3), with 11 loans (32.8) inspecial servicing and losses expected to the trust. The largest speciallyserviced asset (19.1) is a 644,265 square foot (sf) retail mall located inUlster, NY. The loan transferred to the special servicer in December 2008 formaturity default The scheduled maturity was January 2009. The most recentservicer reported debt service coverage ratio (DSCR) was 0.99 times (x) with areported occupancy of 92 Tenants include Macy's, Sears and JCPenney. The second largest specially serviced asset (4.3) is a 102,569 sf officeproperty located in Alpharetta, GA.

The loan transferred to special servicingdue to an imminent default when the borrower indicated they would be unable topayoff the loan at the January 2009 maturity date. The most recent servicerreported occupancy and DSCR as of September 2008 was 100 and 1.39x,respectively. The largest Loan of Concern not in special servicing (2.6) is secured by a60,000 sf retail center in Murray, UT. One of two original tenants, Staples,which occupied 39 of the center, vacated its space in 2002 and sublets thespace to a home furnishing store.

Staples will continue to pay the rent untillease expires in July 2013. The other tenant, Linens 'n Things, will close aspart of the company's liquidation. The borrower is actively marketing the space.The servicer reported DSCR as of September 2008 was 1.46x, compared to 1.36x atissuance. Seven loans (6.8) were scheduled to mature in 2008 and were transferred to thespecial servicer for maturity or payment default.