Corporate Deal Activity

Co-Managed Deals

May 2006

DaimlerChrysler

February 2006

CIT Group

January 2006

Citigroup

December 2005

Morgan Stanley

November 2005

CIT Group

October 2005

Citigroup

June 2005

Met Life Inc.

June 2005

Met Life Inc.

December 2004

General Electric Capital Corporation

December 2004

General Electric Capital Corporation

April 2007

Citigroup Inc.
5.455% 03/07/14
$650,000,000

January 2007

Morgan Stanley
5.45% 1/9/17
Aa3/A+/AA-

January 2007

Morgan Stanley
FRN 1/15/10
Aa3/A+/AA-

December 2006

Met Life Inc.
5.70% / 12/1/66
$1,250,000,000

December 2006

Public Service Electric & Gas
5.70 /12/1/36
$250,000,000

November 2006

Con Edison of New York
5.70% / 12/1/36
$250,000,000

November 2006

Con Edison of New York 5.30% /12/1/16 $250,000,000

November 2006

Washington Mutual Bank
5.46% / 11/6/09
$500,000,000

September 2006

Citigroup Inc.
5.10% / 9/29/11
$1,100,000,000

September 2006

DaimlerChrysler
5.75% / 9/8/11
$1,500,000,000

June 2006

Citigroup Inc.
5.623% / 6/9/16
$600,000,000

Selling Group

October 2006

SLM Corp
5.40% / 10/25/11
$600,000,000

October 2006

Bank of America Corp
5.625% / 10/14/16
$1,250,000,000

December 2006

Citigroup Inc.
5.39% / 12/28/09
$2,000,000,000

January 2007

Wachovia Bank NA
5.85% / 02/01/37
$1,500,000,000

January 2007

Freddie Mac
5.00% / 01/16/09
$4,000,000,000

February 2007

CIT Group Inc.
5.65% / 2/13/17
5.65% / 2/13/2007
$750,000,000

February 2007

Freddie Mac
4.875% / 2/9/10
$400,000,000

February 2007

CIT Group Inc.
5.40% / 2/13/12
$500,000,000

February 2007

Citigroup Inc.
5.25% / 2/27/12
$100,000,000

February 2007

Citigroup Inc.
5.25% / 2/22/12
$100,000,000

ABS Deals

December 2006

GMAC
Total Amount: $400,000,000
CARAT 2006-2 A3A

December 2006

Daimler Chrysler Auto Trust
Total Amount: $477,000,000
DCAT 2006-D A2

July 2004

Ford Motor Credit
Total Amount: 3,000,000,000
FORDF 2004-1

May 2004

TXU Electricity
Total Amount: $787,777,000
TXU 2004-1

Preferred Deal Activity

April 2007

Morgan Stanley Capital Trust
6.45% Perpetual
33,000,000 shares

April 2007

General Electric Capital Corp (Underwriter)
6.00% / 2/24/47
40,000,000 shares

April 2007

Alabama Power Co.
5.875% / 04/04/47
10,000,000 shares

March 2007

Citigroup Capital XVII (Underwriter)
6.35% / Perpetual
44,000,000 shares

February 2007

Wachovia Capital Trust IV (Underwriter)
6.375% / Perpetual
35,000,000 shares

February 2007

AT&T Inc.
6.375% / Perpetual
46,000,000 shares

January 2007

General Electric Cap Corp 6.05% 02/06/47 24,000,000 shares

January 2007

PS Business Parks Inc.
6.70% Perpetual
5,750,000 shares

January 2007

Weingarten Realty Investment
6.50% Perpetual
8,000,000 shares

December 2006

Viacom Inc.
6.85% 12/15/55
30,000,000 shares

December 2006

Merrill Lynch Cap TRST 6.45% 12/15/66 40,000,000 shares

November 2006

LaSalle Hotel Properties
7.25% Perpetual
4,000,000 shares

November 2006

Citigroup Capital XVI (Underwriter)
6.45% 12/31/66
64,000,000 shares

October 2006

Morgan Stanley Cap Trust
6.60% 10/15/66
44,000,000 shares

October 2006

Countrywide Capital 7.00% 11/01/36 52,000,000 shares

October 2006

National City Cap TR
6.625% / 11/15/66
30,000,000 shares

September 2006

Comcast Corp
7.00% Perpetual
40,000,000 shares

September 2006

Washington Mutual Inc.
0.00% Perpetual
20,000,000 shares

September 2006

Citigroup Capital XV
6.50% Perpetual
47,400,000 shares

August 2006

AMB Property Corp
6.85% Perpetual
2,000,000 shares

August 2006

New Century Financial
9.75% Perpetual
2,300,000 shares

June 2006

Alabama Power
6.375% / 06/15/46
6,000,000 shares

June 2006

General Electric
6.45% 06/15/46
20,000,000 shares

June 2006

Aegon NV
6.875% Perpetual
22,000,000 shares

June 2006

Citigroup Capital XIV
6.875% 06/30/66
22,600,000 shares

May 2006

Pulte Homes Inc.
7.375% 06/01/11
6,000,000 shares

May 2006

Comcast Corp.
7.00% 05/15/11
13,800,000 shares

May 2006

Capital One
7.50% 06/15/11
12,000,000 shares

April 2006

Public Storage Inc.
7.25% 05/03/11
20,700,000 shares

March 2006

Alabama Power Co. (Underwriter)
5.875% 03/15/11
8,000,000 shares

February 2006

Alabama Power Co.
5.875% 02/01/46
4,000,000 shares

January 2006

Morgan Stanley Capital VI
6.60% 02/01/46
34,500,000 shares

January 2006

First Industrial Realty Trust
7.25% Perpetual
6,000,000 shares

January 2006

SLM Corp., Series A, CPI-Linked
FRN 01/16/18
3,000,000 shares

Equity Deal Activity

March 2007

Cogent Communications Group, Inc.
$182,492,340
7,683,888 shares

March 2007

Alpha Security Group Corp
$60,000,000
6,000,000 shares (1share, 1 warrant)

February 2007

Churhill Ventures Ltd.
$20,000,000
12,500,000 shares

February 2007

BioMimetic Therapeutics Inc.
$49,597,800
2,892,000 shares

January 2007

Information Services Group, Inc.
$284,000,000
35,156,000 shares

November 2006

Physician Formula Holdings, Inc.
$127,500,000
7,500,000 shares

November 2006

Nymex Holdings, Inc.
$383,500,000
6,500,000 shares

November 2006

Alesco Financial Inc.
$237,600,000
26,400,000 shares

October 2006

Douglas Emmett Inc.
$1,386,000,000
66,000,000 shares

October 2006

Achillion Pharmaceuticals
$51,750,000
4,500,000 shares

September 2006

CBRE Realty Finance Inc.
$139,200,000
9,600,000 shares

September 2006

American Campus Communities (Underwriter)
$140,035,500
5,692,500 shares

July 2006

Cyrstal River Capital Inc.
$17,250,000
7,500,000 shares

July 2006

Grubb & Ellis Co.
$95,000,000
10,000,000 shares

June 2006

Techwell, Inc.
$49,500,000
5,500,000 shares

May 2006

Vonage Holdings Corp
$531,250,000
31,250,000 shares

Municipal Deal Activity

Co-Managed Deals

December 2006

Regents of University of California
Series J&K
$1,365,535,000

August 2006

Pennsylvania Housing Finance Agency
Series 2006-95
$198,885,000

Selling Group

December 2006

NYC
GO Fiscal 2007 Series C Subseries 1
$927,830,000

November 2006

Swarthmore Borough Authority
Swarthmore College Rev. 2006 Series A
$76,180,000

October 2006

NYC Muni Water Fin Authority
Fiscal 2007 Series AA & BB
$334,270,000