| - | Date | Issuer | Princ. Amt. ($ Mils) | Cpn. | Security Type | Maturity | Offer Price | Yield | BP Sprd. | M | S&P | F | Manager | Gross Sprd. Fee % | UnderSell-Con. Fee % | Writing Fee % | Mgmt. Fee % |
| - | 1/8/04 | Bank One NA,Dayton,Ohio | 300 | Floats | Flt Rate Bk Nts | 1/12/07 | 99.94 | Floats | - | Aa2 | AA- | A+ | JPM | na | - | - | - |
| * | 1/8/04 | CC(USA) Inc(Centauri Corp) | 15 | 1.4 | Medium-Term Nts | 1/18/05 | 100 | 1.4 | -43 | Aaa | AAA | NR | LEH | na | - | - | - |
| - | 1/8/04 | John Deere Capital(Deere & Co) | 200 | 3.75 | Medium-Term Nts | 1/13/09 | 99.973 | 3.756 | 55 | A3 | A- | A | CITIGROUP-JPM-MERRILL | na | - | - | - |
| * | 1/8/04 | Elizabeth Arden Inc | 225 | 7.75 | Sr Sub Notes | 1/15/14 | 100 | 7.75 | 350 | B3 | B- | NR | CS-FB-CS-MORGAN-STANLEY | na | - | - | - |
| * | 1/8/04 | Fifth Third Bancorp,Cincinnati | 250 | 2.7 | Notes | 1/15/07 | 99.921 | 2.728 | 45 | Aa1 | AA- | AA- | GS | na | - | - | - |
| - | 1/8/04 | General Electric Capital Corp | 1,000.00 | 2.8 | Global MTNs | 1/15/07 | 99.891 | 2.838 | 53 | Aaa | AAA | NR | MORGAN-STANLEY | 0.15 | - | Comb. | Comb. |
| * | 1/8/04 | Links Finance Corporation | 150 | Floats | Mdm-Trm Fl Nts | 1/28/05 | 100 | Floats | - | Aaa | AAA | NR | LEH | na | - | - | - |
| - | 1/8/04 | Merrill Lynch & Co Inc | 325 | 4.125 | Medium-Term Nts | 1/15/09 | 101.137 | 3.873 | 76 | Aa3 | AA- | AA- | MERRILL | 0.35 | - | Comb. | Comb. |
| * | 1/8/04 | Northern Rock PLC | 450 | Floats | Flt Senior Nts | 7/13/06 | 100 | Floats | - | A1 | A | NR | LEH-MERRILL | na | - | - | - |
| * | 1/8/04 | Northern Rock PLC | 950 | Floats | Flt Senior Nts | 7/13/05 | 100 | Floats | - | A1 | A | NR | LEH-MERRILL | na | - | - | - |
| * | 1/8/04 | Northern Rock PLC | 600 | Floats | Flt Senior Nts | 7/13/05 | 100 | Floats | - | A1 | A | NR | LEH-MERRILL | na | - | - | - |
| * | 1/8/04 | NOVA Chemicals Corp | 400 | 6.5 | Notes | 1/15/12 | 100 | 6.5 | 248 | Ba2 | BB+ | NR | CITIGROUP | na | - | - | - |
| * | 1/8/04 | Pacific Life Funding LLC | 300 | 3.75 | Senior Notes | 1/15/09 | 99.761 | 3.803 | 57 | Aa3 | AA | NR | CS-FB-CS-MORGAN-STANLEY | 0.35 | 0.2 | 0.075 | 0.075 |
| * | 1/8/04 | Sigma Finance Inc | 100 | Floats | Mdm-Trm Fl Nts | 1/26/05 | 100 | Floats | - | Aaa | AAA | NR | JPM | na | - | - | - |
| * | 1/8/04 | Sigma Finance Inc | 25 | 2.2 | Medium-Term Nts | 1/23/06 | 100 | 2.2 | 37 | Aaa | AAA | NR | LEH | na | - | - | - |
| * | 1/8/04 | Sigma Finance Inc | 200 | Floats | Mdm-Trm Fl Nts | 1/21/05 | 100 | Floats | - | Aaa | AAA | NR | LEH | na | - | - | - |
| * | 1/8/04 | Sigma Finance Inc | 160 | Floats | Mdm-Trm Fl Nts | 1/26/05 | 100 | Floats | - | Aaa | AAA | NR | JPM | na | - | - | - |
| * | 1/8/04 | Sigma Finance Inc | 100 | Floats | Mdm-Trm Fl Nts | 1/23/06 | 99.94 | Floats | - | Aaa | AAA | NR | CS-FB-CS | na | - | - | - |
| - | 1/8/04 | Toyota Motor Credit Corp | 350 | 2.7 | Medium-Term Nts | 1/30/07 | 100 | 2.7 | 39 | Aaa | AAA | NR | MERRILL | na | - | - | - |
| - | 1/9/04 | AmSouth Bancorp,Alabama | 150 | Floats | Flt Rate Bk Nts | 1/20/06 | 100 | Floats | - | A1 | A | NR | JPM | na | - | - | - |
| * | 1/9/04 | Beta Finance Inc(Beta Finance) | 50 | Floats | Mdm-Trm Fl Nts | 2/2/05 | 100 | Floats | - | Aaa | AAA | NR | JPM | na | - | - | - |
| * | 1/9/04 | CC(USA) Inc(Centauri Corp) | 150 | Floats | Mdm-Trm Fl Nts | 1/30/06 | 100 | Floats | - | Aaa | AAA | NR | GS | na | - | - | - |
| * | 1/9/04 | CC(USA) Inc(Centauri Corp) | 100 | Floats | Mdm-Trm Fl Nts | 1/28/05 | 100 | Floats | - | Aaa | AAA | NR | JPM | na | - | - | - |
| * | 1/9/04 | CSK Auto Corp | 225 | 7 | Sr Sub Notes | 1/5/14 | 100 | 7 | 290 | B2 | B- | NR | CS-FB-CS-LEH-JPM | na | - | - | - |
| - | 1/9/04 | Goldman Sachs Group Inc | 75 | Floats | Mdm-Trm Fl Nts | 1/9/07 | 100 | Floats | - | Aa3 | A+ | NR | GS | na | - | - | - |
| - | 1/9/04 | Goldman Sachs Group Inc | 1,050.00 | Floats | Mdm-Trm Fl Nts | 1/9/07 | 100 | Floats | - | Aa3 | A+ | NR | GS | 0.25 | - | Comb. | Comb. |
| * | 1/9/04 | HBOS Treasury Services Plc | 2,500.00 | Floats | Mdm-Trm Fl Nts | 2/1/05 | 100 | Floats | 42 | Aa2 | AA- | AA | MERRILL | na | - | - | - |
| * | 1/9/04 | Jackson National Life Ins Inc | 37 | Floats | Mdm-Trm Fl Nts | 1/20/06 | 100 | Floats | - | A1 | AA | AA | JPM | na | - | - | - |
| * | 1/9/04 | Jackson National Life Ins Inc | 75 | Floats | Mdm-Trm Fl Nts | 1/20/06 | 100 | Floats | - | A1 | AA | AA | JPM | na | - | - | - |
| * | 1/9/04 | Jackson National Life Ins Inc | 50 | Floats | Mdm-Trm Fl Nts | 1/20/06 | 100 | Floats | - | A1 | AA | AA | GS | na | - | - | - |
| * | 1/9/04 | K2 (USA) LLC | 100 | Floats | Mdm-Trm Fl Nts | 1/25/05 | 100 | Floats | - | Aaa | AAA | NR | LEH | na | - | - | - |
| * | 1/9/04 | K2 (USA) LLC | 100 | Floats | Mdm-Trm Fl Nts | 1/25/05 | 100 | Floats | - | Aaa | AAA | NR | MORGAN-STANLEY | na | - | - | - |
| - | 1/9/04 | Morgan Stanley | 2,750.00 | Floats | Ext Liq Sec | 2/4/05 | 100 | Floats | - | Aa3 | A+ | NR | MORGAN-STANLEY | na | - | - | - |
| * | 1/9/04 | SLM Corp | 250 | Floats | Mdm-Trm Fl Nts | 12/15/05 | 100 | Floats | - | A2 | A | NR | GS | na | - | - | - |
| - | 1/9/04 | Weingarten Realty Investors | 7 | 4.857 | Medium-Term Nts | 1/15/14 | 100 | 4.857 | 74 | A3 | A | NR | JPM | na | - | - | - |
| - | 1/12/04 | Abbey National Treasury Svcs | 1,500.00 | Floats | Mdm-Trm Fl Nts | 1/13/06 | 100 | Floats | - | Aa3 | AA- | NR | LEH-MERRILL | na | - | - | - |
| - | 1/12/04 | Abbey National Treasury Svcs | 750 | Floats | Mdm-Trm Fl Nts | 1/16/07 | 100 | Floats | - | Aa3 | AA- | NR | LEH-MERRILL | na | - | - | - |
| - | 1/12/04 | American Express Credit | 200 | Floats | Mdm-Trm Fl Nts | 7/14/05 | 100 | Floats | - | Aa3 | A+ | A+ | DEUTSCHE-BK-SEC | na | - | - | - |
| * | 1/12/04 | Beta Finance | 134 | Floats | Mdm-Trm Fl Nts | 2/6/06 | 100 | Floats | - | Aaa | AAA | NR | CITIGROUP | na | - | - | - |
| * | 1/12/04 | Beta Finance Inc(Beta Finance) | 50 | Floats | Mdm-Trm Fl Nts | 1/30/06 | 100 | Floats | - | Aaa | AAA | NR | LEH | na | - | - | - |
| * | 1/12/04 | Beta Finance Inc(Beta Finance) | 100 | Floats | Mdm-Trm Fl Nts | 2/9/05 | 100 | Floats | - | Aaa | AAA | NR | JPM | na | - | - | - |
| * | 1/12/04 | Beta Finance Inc(Beta Finance) | 44 | 1.295 | Medium-Term Nts | 1/24/05 | 100 | 1.295 | -39 | Aaa | AAA | NR | JPM | na | - | - | - |
| - | 1/12/04 | Countrywide Home Loans Inc | 100 | Floats | Mdm-Trm Fl Nts | 1/18/05 | 100 | Floats | - | A3 | A | A | JPM | na | - | - | - |
| - | 1/12/04 | Dominion Resources Inc | 200 | 5.2 | Notes | 1/15/16 | 99.965 | 5.204 | 115 | Baa1 | BBB+ | NR | BARCLAYS-CAP-WACHOVIA-SEC | na | - | - | - |
| - | 1/12/04 | Dominion Resources Inc | 100 | Floats | Float Rate Nts | 5/15/06 | 100 | Floats | - | Baa1 | BBB+ | NR | BARCLAYS-CAP-WACHOVIA-SEC | na | - | - | - |
| * | 1/12/04 | Dorada Finance Inc | 100 | Floats | Mdm-Trm Fl Nts | 2/9/05 | 100 | Floats | - | Aaa | AAA | NR | JPM | na | - | - | - |
| - | 1/12/04 | Georgia Power Co(Southern Co) | 100 | 4 | Notes | 1/15/11 | 99.023 | 4.163 | 57 | A2 | A | A+ | GS | na | - | - | - |
| * | 1/12/04 | K2 (USA) LLC | 50 | Floats | Mdm-Trm Fl Nts | 1/26/06 | 100 | Floats | - | Aaa | AAA | NR | LEH | na | - | - | - |
| * | 1/12/04 | Links Finance Corporation | 100 | Floats | Mdm-Trm Fl Nts | 2/2/05 | 100 | Floats | - | Aaa | AAA | NR | MORGAN-STANLEY | na | - | - | - |
| * | 1/12/04 | Links Finance Corporation | 100 | Floats | Mdm-Trm Fl Nts | 2/4/05 | 100 | Floats | -63 | Aaa | AAA | NR | MERRILL | na | - | - | - |
| * | 1/12/04 | SunGard Data Systems Inc | 250 | 3.75 | Notes | 1/15/09 | 99.941 | 3.763 | 72 | Baa2 | BBB+ | NR | CITIGROUP-JPM | 0.6 | - | Comb. | Comb. |
| * | 1/12/04 | SunGard Data Systems Inc | 250 | 4.875 | Notes | 1/15/14 | 99.336 | 4.96 | 87 | Baa2 | BBB+ | NR | CITIGROUP-JPM | 0.65 | - | Comb. | Comb. |
| * | 1/12/04 | Tango Finance Ltd | 44 | Floats | Mdm-Trm Fl Nts | 1/18/05 | 100 | Floats | - | Aaa | AAA | NR | MORGAN-STANLEY | na | - | - | - |
| * | 1/12/04 | Telemig(Tele Norte Leste) | 120 | 8.875 | Notes | 1/20/08 | 99.504 | 9.025 | 692 | B2 | B+ | NR | BEAR | na | - | - | - |
| * | 1/13/04 | American Honda Finance | 25 | Floats | Mdm-Trm Fl Nts | 1/20/06 | 100 | Floats | - | A1 | A+ | NR | GS | na | - | - | - |
| * | 1/13/04 | American Honda Finance | 25 | Floats | Mdm-Trm Fl Nts | 1/20/06 | 100 | Floats | - | A1 | A+ | NR | JPM | na | - | - | - |
| * | 1/13/04 | American Honda Finance | 25 | Floats | Mdm-Trm Fl Nts | 1/20/06 | 100 | Floats | - | A1 | A+ | NR | CITIGROUP | na | - | - | - |
| * | 1/13/04 | Banco Nacional de Comercio Ext | 400 | 3.875 | Notes | 1/21/09 | 99.188 | 4.056 | 110 | Baa2 | BBB- | NR | BA-SEC-LLC-SANTANDER | 0.6 | - | Comb. | Comb. |
| * | 1/13/04 | CC(USA) Inc(Centauri Corp) | 170 | Floats | Mdm-Trm Fl Nts | 1/20/05 | 100 | Floats | - | Aaa | AAA | NR | GS | na | - | - | - |
| - | 1/13/04 | Caterpillar Financial Services | 250 | 3.45 | Notes | 1/15/09 | 99.959 | 3.459 | 45 | A2 | A | A+ | CITIGROUP-JPM | na | - | - | - |
| - | 1/13/04 | Duke Realty Corp | 125 | 3.35 | Notes | 1/15/08 | 99.97 | 3.358 | 72 | Baa1 | BBB+ | BBB+ | BA-SEC-LLC-MERRILL | na | - | - | - |
| - | 1/13/04 | General Motors Acceptance Corp | 100 | Floats | Mdm-Trm Fl Nts | 1/16/07 | 100 | Floats | - | A3 | BBB | BBB+ | HSBC-SECURITIES | 0.316 | - | Comb. | Comb. |
| - | 1/13/04 | General Motors Acceptance Corp | 100 | Floats | Mdm-Trm Fl Nts | 1/16/07 | 100 | Floats | - | A3 | BBB | BBB+ | GS | 0.316 | - | Comb. | Comb. |
| - | 1/13/04 | General Motors Acceptance Corp | 100 | Floats | Mdm-Trm Fl Nts | 1/16/07 | 100 | Floats | - | A3 | BBB | BBB+ | CS-FB-CS | 0.316 | - | Comb. | Comb. |
| - | 1/13/04 | General Motors Acceptance Corp | 150 | Floats | Mdm-Trm Fl Nts | 1/16/07 | 100 | Floats | - | A3 | BBB | BBB+ | MERRILL | 0.316 | - | Comb. | Comb. |
| - | 1/13/04 | General Motors Acceptance Corp | 150 | Floats | Mdm-Trm Fl Nts | 1/16/07 | 100 | Floats | - | A3 | BBB | BBB+ | MORGAN-STANLEY | 0.316 | - | Comb. | Comb. |
| - | 1/13/04 | General Motors Acceptance Corp | 150 | Floats | Mdm-Trm Fl Nts | 1/16/07 | 100 | Floats | - | A3 | BBB | BBB+ | CITIGROUP | 0.316 | - | Comb. | Comb. |
| - | 1/13/04 | General Motors Acceptance Corp | 150 | Floats | Mdm-Trm Fl Nts | 1/16/07 | 100 | Floats | - | A3 | BBB | BBB+ | JPM | 0.316 | - | Comb. | Comb. |
| - | 1/13/04 | General Motors Acceptance Corp | 200 | Floats | Mdm-Trm Fl Nts | 1/16/07 | 100 | Floats | - | A3 | BBB | BBB+ | UBS-INV-BANK | 0.316 | - | Comb. | Comb. |
| - | 1/13/04 | Georgia Power Co(Southern Co) | 100 | 5.75 | PINES | 1/15/44 | 100 | 5.75 | 77 | A2 | A | A+ | CITIGROUP | 0.315 | - | Comb. | Comb. |
| * | 1/13/04 | KB Home Corp | 250 | 5.75 | Notes | 1/1/14 | 99.474 | 5.82 | 175 | Ba1 | BB+ | NR | BA-SEC-LLC | na | - | - | - |
| * | 1/13/04 | Primus Telecom Group Inc | 240 | 8 | Senior Notes | 1/15/14 | 100 | 8 | 391 | B3 | CCC | NR | LEH-MORGAN-STANLEY | 0.65 | - | Comb. | Comb. |
| - | 1/13/04 | Pulte Homes Inc | 500 | 5.25 | Notes | 1/15/14 | 99.931 | 5.259 | 119 | Baa3 | BBB- | NR | BANKONE-CAPITAL-CITIGROUP-UBS-INV-BANK | na | - | - | - |
| * | 1/13/04 | Simon Property Group Inc | 300 | 3.75 | Notes | 1/30/09 | 99.972 | 3.756 | 80 | Baa2 | BBB | BBB- | MERRILL-UBS-INV-BANK | 0.6 | - | Comb. | Comb. |
| * | 1/13/04 | Simon Property Group Inc | 200 | 4.9 | Notes | 1/30/14 | 99.865 | 4.917 | 90 | Baa2 | BBB | BBB- | MERRILL-UBS-INV-BANK | 0.65 | - | Comb. | Comb. |
| - | 1/13/04 | United Utilities PLC | 350 | 5.375 | Notes | 2/1/19 | 99.548 | 5.419 | 135 | A2 | BBB+ | BBB+ | UBS-INV-BANK | na | - | - | - |
| * | 1/14/04 | Exco Resources Inc | 350 | 7.25 | Senior Notes | 1/15/11 | 100 | 7.25 | 376 | B2 | B | NR | CS-FB-CS | na | - | - | - |
| * | 1/14/04 | MediaNews Group | 150 | 6.375 | Sr Sub Notes | 4/1/14 | 99.092 | 6.498 | 251 | B2 | B+ | NR | DEUTSCHE-BK-SEC-BA-SEC-LLC | na | - | - | - |
| - | 1/14/04 | Procter & Gamble Co | 41.5 | Floats | Float Rate Nts | 12/4/54 | 100 | Floats | 70 | Aa3 | AA- | AA- | MORGAN-STANLEY-CITIGROUP | na | - | - | - |
| - | 1/14/04 | Reckson Operating Partnership | 150 | 5.15 | Notes | 1/15/11 | 99.735 | 5.196 | 168 | Ba1 | BB- | NR | CITIGROUP-JPM | na | - | - | - |
| - | 1/14/04 | XTO Energy Inc | 500 | 4.9 | Notes | 1/15/14 | 99.342 | 4.984 | 96 | Ba1 | BBB- | NR | JPM-LEH | na | - | - | - |
| * | 1/15/04 | CC(USA) Inc(Centauri Corp) | 100 | Floats | Mdm-Trm Fl Nts | 8/2/05 | 100 | Floats | - | Aaa | AAA | NR | LEH | na | - | - | - |
| - | |||||||||||||||||
| Source: Thomson Financial/Securities Data. For more information, call Rich Petersonat (973) 645-9701. | |||||||||||||||||
| BP SPRD. - basis point spread over Treasuries; FLT. SPRD. - basis point spread over floating index; Comb. - fee is combined; NR - not rated; Na - not available; *144A | |||||||||||||||||
| // Manager responsible for running the books; Contains offerings of $2 million or more and includes only the portion of global deals distributed in the U.S.; | |||||||||||||||||
| * More managers, but not listed; JB - joint books; Ý estimated price. |
Financing Record (JANUARY 8 - JANUARY 9)
