Common use of SECURITIES AND FUTURES AUTHORITY Clause in Contracts

SECURITIES AND FUTURES AUTHORITY. XXXXXX XXXXXXX ---------------------------------------------------------------------------------------------------------------------------------- 12/19/2001 12:58:27 CARVE Version 640.0 /u/xxxxxx/deal/msdwc_01-TOP5/priced/top5.finalsizes.1219.carve MS MS SERIES 2001-TOP5 PRICED CLASS A2 ---------------------------------------------------------------------------------------------------------------------------------- Class A2 Settlement Date 12/27/2001 Coupon 5.90000 Original Balance 105,431,797.26 Dated Date 12/01/2001 Delay 14 Current Balance 105,432,000.00 First Payment Date 01/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co. Credit Rating Aaa/AAA Next Payment Date 01/15/2002 Orig Deal Size 1,041,991,908.17 Market Desc N/A Payment Freq Monthly Num of Tranches 21 Factor 1.00000192 Interest Freq Monthly Deal Age 0 -------------------------------------- -------------------------------------- Cusip N/A Yield Table Date 12/19/2001 Yield Frequency XxxxXxxxxx Xxxxx Day Count 30/360 TREASURY CURVE 2 3.0540 5 4.3880 10 5.0840 30 5.4786 SWAP CURVE 2 yr 47.5000 3 yr 83.5000 5 yr 75.5000 7 yr 87.2500 10 yr 77.2500 20 yr 113.4600 30 yr 73.0000

SECURITIES AND FUTURES AUTHORITY. XXXXXX XXXXXXX ---------------------------------------------------------------------------------------------------------------------------------- 12/19/2001 12:58:27 ------------------------------------------------------------------------------------------------------------------------------------ 03/13/2002 19:54:39 CARVE Version 640.0 661.0 /u/xxxxxx/deal/msdwc_01MSDWC_2002-TOP5HQ/20020313/priced/top5.finalsizes.1219.carve hq.0313.carve MS MS SERIES 20012002-TOP5 PRICED C1 CLASS A2 ---------------------------------------------------------------------------------------------------------------------------------- C ------------------------------------------------------------------------------------------------------------------------------------ Class A2 C Settlement Date 12/27/2001 03/27/2002 Coupon 5.90000 6.68000 Cusip N/A Original Balance 105,431,797.26 29,608,000.00 Dated Date 12/01/2001 03/01/2002 Delay 14 Yield Table Date 03/13/2002 Current Balance 105,432,000.00 29,608,000.00 First Payment Date 01/15/2002 04/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co. Yield Frequency SemiAnnual Credit Rating AaaA2/AAA A Next Payment Date 01/15/2002 04/15/2002 Orig Deal Size 1,041,991,908.17 845,945,104.00 Yield Day Count 30/360 Market Desc N/A Payment Freq Monthly Num of Tranches 21 Factor 1.00000192 1.00000000 Interest Freq Monthly Deal Age 0 -------------------------------------- -------------------------------------- Cusip N/A Yield Table Date 12/19/2001 Yield Frequency XxxxXxxxxx Xxxxx Day Count 30/360 TREASURY CURVE 2 3.0540 5 4.3880 10 5.0840 30 5.4786 SWAP CURVE 2 yr 47.5000 3 yr 83.5000 5 yr 75.5000 7 yr 87.2500 10 yr 77.2500 20 yr 113.4600 30 yr 73.00000

SECURITIES AND FUTURES AUTHORITY. XXXXXX XXXXXXX ---------------------------------------------------------------------------------------------------------------------------------- 12/19/2001 12:58:27 CARVE Version 640.0 /u/xxxxxx/deal/msdwc_01-------------------------------------------------------------------------------- MSDWCI MSDWCI SERIES 2002-TOP5/priced/top5.finalsizes.1219.carve MS MS SERIES 2001-TOP5 PRICED TOP7 CLASS A2 ---------------------------------------------------------------------------------------------------------------------------------- D -------------------------------------------------------------------------------- Class A2 D Settlement Date 12/27/2001 06/18/2002 Coupon 5.90000 6.41000 Cusip N/A Original Balance 105,431,797.26 7,271,000.00 Dated Date 12/01/2001 06/01/2002 Delay 14 Yield Table Date 05/29/2002 Current Balance 105,432,000.00 7,271,000.00 First Payment Date 01/15/2002 07/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co. Yield Frequency SemiAnnual Credit Rating Aaa/AAA A-/A3 Next Payment Date 01/15/2002 07/15/2002 Orig Deal Size 1,041,991,908.17 1,803,172,715.40 Yield Day Count 30/360 Market Desc N/A Payment Freq Monthly Num of Tranches 21 Factor 1.00000192 1.00000000 Interest Freq Monthly Deal Age 0 -------------------------------------- -------------------------------------- Cusip N/A Yield Table Date 12/19/2001 Yield Frequency XxxxXxxxxx Xxxxx Day Count 30/360 TREASURY CURVE 2 3.0540 5 4.3880 10 5.0840 30 5.4786 SWAP CURVE 2 yr 47.5000 3 yr 83.5000 5 yr 75.5000 7 yr 87.2500 10 yr 77.2500 20 yr 113.4600 30 yr 73.00000

SECURITIES AND FUTURES AUTHORITY. XXXXXX XXXXXXX ---------------------------------------------------------------------------------------------------------------------------------- 12/19/2001 12:58:27 CARVE Version 640.0 /u/xxxxxx/deal/msdwc_01-TOP5/priced/top5.finalsizes.1219.carve MS MS XXXX XXXXXX -------------------------------------------------------------------------------- MSDWCI MSDWCI SERIES 2001-TOP5 PRICED TOP1 (PRICED) CLASS A2 ---------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Class A2 Settlement Date 12/27/2001 Coupon 5.90000 Original Balance 105,431,797.26 Dated Date 12/01/2001 Delay 14 Current Balance 105,432,000.00 Payment Freq Monthly Yield Day Count 30/360 Yield Freq SemiAnnual Yield Table Date 02/07/2001 Cusip N/A First Payment Date 01/15/2002 03/15/2001 Next Payment Date 03/15/2001 Settlement Date 02/23/2001 Interest Freq Monthly Credit Rating AAA/AAA Dated Date 02/01/2001 Factor 1.00000000 Current Balance 203,500,000.00 Coupon 6.32000 Market Desc N/A Original Balance 203,500,000.00 Lead Manager Xxxxxx Xxxxxxx & Co. Credit Rating Aaa/AAA Next Payment Date 01/15/2002 Orig Deal Size 1,041,991,908.17 Market Desc N/A Payment Freq Monthly 1,156,426,170.00 Num of Tranches 21 Factor 1.00000192 Interest Freq Monthly 22 Deal Age 0 -------------------------------------- -------------------------------------- Cusip N/A Yield Table Date 12/19/2001 Yield Frequency XxxxXxxxxx Xxxxx Day Count 30/360 TREASURY CURVE 2 3.0540 5 4.3880 10 5.0840 30 5.4786 SWAP CURVE 2 yr 47.5000 3 yr 83.5000 5 yr 75.5000 7 yr 87.2500 10 yr 77.2500 20 yr 113.4600 30 yr 73.0000CURVE

SECURITIES AND FUTURES AUTHORITY. XXXXXX XXXXXXX ---------------------------------------------------------------------------------------------------------------------------------- 12/19/2001 12:58:27 -------------------------------------------------------------------------------- 03/04/2005 10:07:38 CARVE Version 640.0 41.0 /u/xxxxxxdsouzad/deal/msdwc_01pwr7/red/pwr7.red.050301.carve BSCMS BSCMS SERIES 2005-TOP5PWR7 **FITCH/priced/top5.finalsizes.1219.carve MS MS SERIES 2001-TOP5 PRICED MOODYS CLASS A2 ---------------------------------------------------------------------------------------------------------------------------------- A1 -------------------------------------------------------------------------------- Class A2 A1 Settlement Date 12/27/2001 Coupon 5.90000 03/24/2005 Original Balance 105,431,797.26 78,000,000.00 Dated Date 12/01/2001 Delay 14 03/01/2005 Current Balance 105,432,000.00 78,000,000.00 First Payment Date 01/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co. 04/11/2005 Credit Rating Aaa/AAA Next Payment Date 01/15/2002 Orig Deal Size 1,041,991,908.17 04/11/2005 Market Desc N/A Payment Freq Monthly Num of Tranches 21 Factor 1.00000192 1.00000000 Interest Freq Monthly Deal Age 0 -------------------------------------- -------------------------------------- Coupon 4.26100 Cusip N/A Delay 10 Yield Table Date 12/19/2001 03/04/2005 Lead Manager Xxxxxx Xxxxxxx & Co. Yield Frequency XxxxXxxxxx Xxxxx Xxxx Deal Size 1,124,565,651.77 Yield Day Count 30/360 TREASURY CURVE 2 3.0540 5 4.3880 10 5.0840 30 5.4786 SWAP CURVE 2 yr 47.5000 3 yr 83.5000 5 yr 75.5000 7 yr 87.2500 10 yr 77.2500 20 yr 113.4600 30 yr 73.0000Num of Tranches 28 Deal Age 0

SECURITIES AND FUTURES AUTHORITY. XXXXXX XXXXXXX ---------------------------------------------------------------------------------------------------------------------------------- 12/19/2001 12:58:27 CARVE Version 640.0 /u/xxxxxx/deal/msdwc_01-------------------------------------------------------------------------------- MSDWCI MSDWCI SERIES 2002-TOP5/priced/top5.finalsizes.1219.carve MS MS SERIES 2001-TOP5 PRICED TOP7 CLASS A2 ---------------------------------------------------------------------------------------------------------------------------------- F -------------------------------------------------------------------------------- Class A2 F Settlement Date 12/27/2001 06/18/2002 Coupon 5.90000 6.79000 Cusip N/A Original Balance 105,431,797.26 12,118,000.00 Dated Date 12/01/2001 06/01/2002 Delay 14 Yield Table Date 05/29/2002 Current Balance 105,432,000.00 12,118,000.00 First Payment Date 01/15/2002 07/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co. Yield Frequency SemiAnnual Credit Rating Aaa/AAA BBB-/Baa3 Next Payment Date 01/15/2002 07/15/2002 Orig Deal Size 1,041,991,908.17 1,803,172,715.40 Yield Day Count 30/360 Market Desc N/A Payment Freq Monthly Num of Tranches 21 Factor 1.00000192 1.00000000 Interest Freq Monthly Deal Age 0 -------------------------------------- -------------------------------------- Cusip N/A Yield Table Date 12/19/2001 Yield Frequency XxxxXxxxxx Xxxxx Day Count 30/360 TREASURY CURVE 2 3.0540 5 4.3880 10 5.0840 30 5.4786 SWAP CURVE 2 yr 47.5000 3 yr 83.5000 5 yr 75.5000 7 yr 87.2500 10 yr 77.2500 20 yr 113.4600 30 yr 73.00000

SECURITIES AND FUTURES AUTHORITY. XXXXXX XXXXXXX ---------------------------------------------------------------------------------------------------------------------------------- 12/19/2001 12:58:27 -------------------------------------------------------------------------------- 01/12/2005 19:01:12 CARVE Version 640.0 37.0 /u/xxxxxxdsouzad/deal/msdwc_01top17/red/top17.050105.red.carve MSCI MSCI SERIES 2005-TOP5TOP17 **S&P/priced/top5.finalsizes.1219.carve MS MS SERIES 2001-TOP5 PRICED FITCH CLASS A2 ---------------------------------------------------------------------------------------------------------------------------------- A4 -------------------------------------------------------------------------------------------------------------------------------- Class A2 A3 Settlement Date 12/27/2001 01/27/2005 Coupon 5.90000 4.37000 Original Balance 105,431,797.26 85,600,000.00 Dated Date 12/01/2001 01/01/2005 Delay 14 12 Current Balance 105,432,000.00 85,600,000.00 First Payment Date 01/15/2002 02/13/2005 Lead Manager Xxxxxx Xxxxxxx & Co. Credit Rating Aaa/AAA Next Payment Date 01/15/2002 02/13/2005 Orig Deal Size 1,041,991,908.17 980,772,819.43 Market Desc N/A Payment Freq Monthly Num of Tranches 21 30 Factor 1.00000192 1.00000000 Interest Freq Monthly Deal Age 0 -------------------------------------- -------------------------------------- ------------------------------------------------------------ Cusip N/A Yield Table Date 12/19/2001 01/12/2005 Yield Frequency XxxxXxxxxx Xxxxx Day Count 30/360 TREASURY CURVE 2 3.0540 5 4.3880 10 5.0840 30 5.4786 SWAP CURVE 2 yr 47.5000 3 yr 83.5000 5 yr 75.5000 7 yr 87.2500 10 yr 77.2500 20 yr 113.4600 30 yr 73.000030/360

SECURITIES AND FUTURES AUTHORITY. XXXXXX XXXXXXX ---------------------------------------------------------------------------------------------------------------------------------- 12/19/2001 12:58:27 XXXX XXXXXX -------------------------------------------------------------------------------- 02/13/2001 16:27:35 CARVE Version 640.0 513.0 /u/xxxxxx/deal/msdwc_01msdwc_00-TOP5TOP1/010213/priced/top5.finalsizes.1219.carve MS MS TOP1.4AAAs.0213.carve MSDWCI MSDWCI SERIES 2001-TOP5 PRICED TOP1 (RED) CLASS A2 ---------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Class A2 Settlement Date 12/27/2001 Coupon 5.90000 Original Balance 105,431,797.26 Dated Date 12/01/2001 Delay 14 Current Balance 105,432,000.00 Payment Freq Monthly Yield Day Count 30/360 Yield Freq XxxxXxxxxx Xxxxx Table Date 02/13/2001 Cusip N/A First Payment Date 01/15/2002 03/15/2001 Next Payment Date 03/15/2001 Settlement Date 02/23/2001 Interest Freq Monthly Credit Rating AAA/AAA Dated Date 02/01/2001 Factor 1.00000000 Current Balance 203,500,000.00 Coupon 6.10000 Market Desc N/A Original Balance 203,500,000.00 Lead Manager Xxxxxx Xxxxxxx & Co. Credit Rating Aaa/AAA Next Payment Date 01/15/2002 Orig Deal Size 1,041,991,908.17 Market Desc N/A Payment Freq Monthly 1,156,426,170.00 Num of Tranches 21 Factor 1.00000192 Interest Freq Monthly 22 Deal Age 0 -------------------------------------- -------------------------------------- Cusip N/A Yield Table Date 12/19/2001 Yield Frequency XxxxXxxxxx Xxxxx Day Count 30/360 TREASURY CURVE 2 3.0540 5 4.3880 10 5.0840 30 5.4786 SWAP CURVE 2 yr 47.5000 3 yr 83.5000 5 yr 75.5000 7 yr 87.2500 10 yr 77.2500 20 yr 113.4600 30 yr 73.0000CURVE

SECURITIES AND FUTURES AUTHORITY. XXXXXX XXXXXXX ---------------------------------------------------------------------------------------------------------------------------------- 12/19/2001 12:58:27 CARVE Version 640.0 /u/xxxxxx/deal/msdwc_01-TOP5/priced/top5.finalsizes.1219.carve MS MS XXXX XXXXXX -------------------------------------------------------------------------------- MSDWCI MSDWCI SERIES 2001-TOP5 PRICED TOP1 (PRICED) CLASS A2 ---------------------------------------------------------------------------------------------------------------------------------- A3 -------------------------------------------------------------------------------- Class A2 Settlement Date 12/27/2001 Coupon 5.90000 Original Balance 105,431,797.26 Dated Date 12/01/2001 A3 Delay 14 Current Balance 105,432,000.00 Payment Freq Monthly Yield Day Count 30/360 Yield Freq SemiAnnual Yield Table Date 02/15/2001 Cusip N/A First Payment Date 01/15/2002 03/15/2001 Next Payment Date 03/15/2001 Settlement Date 02/23/2001 Interest Freq Monthly Credit Rating AAA Dated Date 02/01/2001 Factor 1.00000000 Current Balance 138,500,000.00 Coupon 6.46000 Market Desc N/A Original Balance 138,500,000.00 Lead Manager Xxxxxx Xxxxxxx & Co. Credit Rating Aaa/AAA Next Payment Date 01/15/2002 Orig Deal Size 1,041,991,908.17 Market Desc N/A Payment Freq Monthly 1,156,426,170.00 Num of Tranches 21 Factor 1.00000192 Interest Freq Monthly 22 Deal Age 0 -------------------------------------- -------------------------------------- Cusip N/A Yield Table Date 12/19/2001 Yield Frequency XxxxXxxxxx Xxxxx Day Count 30/360 TREASURY CURVE 2 3.0540 5 4.3880 10 5.0840 30 5.4786 SWAP CURVE 2 yr 47.5000 3 yr 83.5000 5 yr 75.5000 7 yr 87.2500 10 yr 77.2500 20 yr 113.4600 30 yr 73.0000CURVE

SECURITIES AND FUTURES AUTHORITY. XXXXXX XXXXXXX ---------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- 12/19/2001 12:58:27 CARVE Version 640.0 /u/xxxxxx/deal/msdwc_01-TOP5TOP5/1217/priced/top5.finalsizes.1219.carve top5.seq.updpxguid.1217.carve MS MS SERIES 2001-TOP5 PRICED CLASS A2 ---------------------------------------------------------------------------------------------------------------------------------- A3 ----------------------------------------------------------------------------------------------------------------------------------- Class A2 A3 Settlement Date 12/27/2001 Coupon 5.90000 6.16000 Original Balance 105,431,797.26 136,593,147.66 Dated Date 12/01/2001 Delay 14 Current Balance 105,432,000.00 136,593,000.00 First Payment Date 01/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co. Credit Rating Aaa/AAA Next Payment Date 01/15/2002 Orig Deal Size 1,041,991,908.17 Market Desc N/A Payment Freq Monthly Num of Tranches 21 Factor 1.00000192 0.99999892 Interest Freq Monthly Deal Age 0 -------------------------------------- -------------------------------------- Cusip N/A Yield Table Date 12/19/2001 Yield Frequency XxxxXxxxxx Xxxxx Day Count 30/360 TREASURY CURVE 2 3.0540 5 4.3880 10 5.0840 30 5.4786 SWAP CURVE 2 yr 47.5000 3 yr 83.5000 5 yr 75.5000 7 yr 87.2500 10 yr 77.2500 20 yr 113.4600 30 yr 73.0000

SECURITIES AND FUTURES AUTHORITY. XXXXXX XXXXXXX ---------------------------------------------------------------------------------------------------------------------------------- 12/19/2001 12:58:27 XXXX XXXXXX -------------------------------------------------------------------------------- 02/13/2001 16:27:35 CARVE Version 640.0 513.0 /u/xxxxxx/deal/msdwc_01msdwc_00-TOP5TOP1/010213/priced/top5.finalsizes.1219.carve MS MS TOP1.4AAAs.0213.carve MSDWCI MSDWCI SERIES 2001-TOP5 PRICED TOP1 (RED) CLASS A2 ---------------------------------------------------------------------------------------------------------------------------------- A3 -------------------------------------------------------------------------------- Class A2 Settlement Date 12/27/2001 Coupon 5.90000 Original Balance 105,431,797.26 Dated Date 12/01/2001 A3 Delay 14 Current Balance 105,432,000.00 Payment Freq Monthly Yield Day Count 30/360 Yield Freq XxxxXxxxxx Xxxxx Table Date 02/13/2001 Cusip N/A First Payment Date 01/15/2002 03/15/2001 Next Payment Date 03/15/2001 Settlement Date 02/23/2001 Interest Freq Monthly Credit Rating AAA Dated Date 02/01/2001 Factor 1.00000000 Current Balance 138,500,000.00 Coupon 6.27000 Market Desc N/A Original Balance 138,500,000.00 Lead Manager Xxxxxx Xxxxxxx & Co. Credit Rating Aaa/AAA Next Payment Date 01/15/2002 Orig Deal Size 1,041,991,908.17 Market Desc N/A Payment Freq Monthly 1,156,426,170.00 Num of Tranches 21 Factor 1.00000192 Interest Freq Monthly 22 Deal Age 0 -------------------------------------- -------------------------------------- Cusip N/A Yield Table Date 12/19/2001 Yield Frequency XxxxXxxxxx Xxxxx Day Count 30/360 TREASURY CURVE 2 3.0540 5 4.3880 10 5.0840 30 5.4786 SWAP CURVE 2 yr 47.5000 3 yr 83.5000 5 yr 75.5000 7 yr 87.2500 10 yr 77.2500 20 yr 113.4600 30 yr 73.0000CURVE

SECURITIES AND FUTURES AUTHORITY. XXXXXX XXXXXXX ---------------------------------------------------------------------------------------------------------------------------------- 12/19/2001 12:58:27 ------------------------------------------------------------------------------------------------------------------------------------ 03/13/2002 19:54:39 CARVE Version 640.0 661.0 /u/xxxxxx/deal/msdwc_01MSDWC_2002-TOP5HQ/20020313/priced/top5.finalsizes.1219.carve hq.0313.carve MS MS SERIES 20012002-TOP5 PRICED C1 CLASS A2 ---------------------------------------------------------------------------------------------------------------------------------- B ------------------------------------------------------------------------------------------------------------------------------------ Class A2 B Settlement Date 12/27/2001 03/27/2002 Coupon 5.90000 6.55000 Cusip N/A Original Balance 105,431,797.26 32,781,000.00 Dated Date 12/01/2001 03/01/2002 Delay 14 Yield Table Date 03/13/2002 Current Balance 105,432,000.00 32,781,000.00 First Payment Date 01/15/2002 04/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co. Yield Frequency SemiAnnual Credit Rating AaaAa2/AAA Next Payment Date 01/15/2002 04/15/2002 Orig Deal Size 1,041,991,908.17 845,945,104.00 Yield Day Count 30/360 Market Desc N/A Payment Freq Monthly Num of Tranches 21 Factor 1.00000192 1.00000000 Interest Freq Monthly Deal Age 0 -------------------------------------- -------------------------------------- Cusip N/A Yield Table Date 12/19/2001 Yield Frequency XxxxXxxxxx Xxxxx Day Count 30/360 TREASURY CURVE 2 3.0540 5 4.3880 10 5.0840 30 5.4786 SWAP CURVE 2 yr 47.5000 3 yr 83.5000 5 yr 75.5000 7 yr 87.2500 10 yr 77.2500 20 yr 113.4600 30 yr 73.00000

SECURITIES AND FUTURES AUTHORITY. XXXXXX XXXXXXX ---------------------------------------------------------------------------------------------------------------------------------- 12/19/2001 12:58:27 -------------------------------------------------------------------------------- 01/14/2005 14:35:11 CARVE Version 640.0 37.0 /u/xxxxxxdsouzad/deal/msdwc_01top17/red/top17.050105.red.carve MSCI MSCI SERIES 2005-TOP5TOP17 **S&P/priced/top5.finalsizes.1219.carve MS MS SERIES 2001-TOP5 PRICED FITCH CLASS A2 ---------------------------------------------------------------------------------------------------------------------------------- A3 ------------------------------------------------------------------------------------------------------------------------- Class A2 A3 Settlement Date 12/27/2001 01/27/2005 Coupon 5.90000 4.37000 Original Balance 105,431,797.26 56,800,000.00 Dated Date 12/01/2001 01/01/2005 Delay 14 12 Current Balance 105,432,000.00 56,800,000.00 First Payment Date 01/15/2002 02/13/2005 Lead Manager Xxxxxx Xxxxxxx & Co. Credit Rating Aaa/AAA Next Payment Date 01/15/2002 02/13/2005 Orig Deal Size 1,041,991,908.17 980,772,819.43 Market Desc N/A Payment Freq Monthly Num of Tranches 21 30 Factor 1.00000192 1.00000000 Interest Freq Monthly Deal Age 0 -------------------------------------- -------------------------------------- ---------------------------------------------------------------- Cusip N/A Yield Table Date 12/19/2001 01/14/2005 Yield Frequency XxxxXxxxxx Xxxxx Day Count 30/360 TREASURY CURVE 2 3.0540 5 4.3880 10 5.0840 30 5.4786 SWAP CURVE 2 yr 47.5000 3 yr 83.5000 5 yr 75.5000 7 yr 87.2500 10 yr 77.2500 20 yr 113.4600 30 yr 73.000030/360

SECURITIES AND FUTURES AUTHORITY. XXXXXX XXXXXXX ---------------------------------------------------------------------------------------------------------------------------------- 12/19/2001 12:58:27 -------------------------------------------------------------------------------- 01/14/2005 10:54:53 CARVE Version 640.0 37.0 /u/xxxxxxdsouzad/deal/msdwc_01top17/red/top17.050105.red.carve MSCI MSCI SERIES 2005-TOP5TOP17 **S&P/priced/top5.finalsizes.1219.carve MS MS SERIES 2001-TOP5 PRICED FITCH CLASS A2 ---------------------------------------------------------------------------------------------------------------------------------- A3 ------------------------------------------------------------------------------------------------------------------------- Class A2 A3 Settlement Date 12/27/2001 01/27/2005 Coupon 5.90000 4.37000 Original Balance 105,431,797.26 56,800,000.00 Dated Date 12/01/2001 01/01/2005 Delay 14 12 Current Balance 105,432,000.00 56,800,000.00 First Payment Date 01/15/2002 02/13/2005 Lead Manager Xxxxxx Xxxxxxx & Co. Credit Rating Aaa/AAA Next Payment Date 01/15/2002 02/13/2005 Orig Deal Size 1,041,991,908.17 980,772,819.43 Market Desc N/A Payment Freq Monthly Num of Tranches 21 30 Factor 1.00000192 1.00000000 Interest Freq Monthly Deal Age 0 -------------------------------------- -------------------------------------- --------------------------------------------------------------------------------- Cusip N/A Yield Table Date 12/19/2001 01/14/2005 Yield Frequency XxxxXxxxxx Xxxxx Day Count 30/360 TREASURY CURVE 2 3.0540 5 4.3880 10 5.0840 30 5.4786 SWAP CURVE 2 yr 47.5000 3 yr 83.5000 5 yr 75.5000 7 yr 87.2500 10 yr 77.2500 20 yr 113.4600 30 yr 73.000030/360

SECURITIES AND FUTURES AUTHORITY. XXXXXX XXXXXXX ---------------------------------------------------------------------------------------------------------------------------------- 12/19/2001 12:58:27 CARVE Version 640.0 /u/xxxxxx/deal/msdwc_01-------------------------------------------------------------------------------- MSDWCI MSDWCI SERIES 2002-TOP5/priced/top5.finalsizes.1219.carve MS MS SERIES 2001-TOP5 PRICED TOP7 CLASS A2 ---------------------------------------------------------------------------------------------------------------------------------- B -------------------------------------------------------------------------------- Class A2 B Settlement Date 12/27/2001 06/18/2002 Coupon 5.90000 6.24000 Cusip N/A Original Balance 105,431,797.26 24,236,000.00 Dated Date 12/01/2001 06/01/2002 Delay 14 Yield Table Date 05/29/2002 Current Balance 105,432,000.00 24,236,000.00 First Payment Date 01/15/2002 07/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co. Yield Frequency SemiAnnual Credit Rating AaaAA/AAA Aa2 Next Payment Date 01/15/2002 07/15/2002 Orig Deal Size 1,041,991,908.17 1,803,172,715.40 Yield Day Count 30/360 Market Desc N/A Payment Freq Monthly Num of Tranches 21 Factor 1.00000192 1.00000000 Interest Freq Monthly Deal Age 0 -------------------------------------- -------------------------------------- Cusip N/A Yield Table Date 12/19/2001 Yield Frequency XxxxXxxxxx Xxxxx Day Count 30/360 TREASURY CURVE 2 3.0540 5 4.3880 10 5.0840 30 5.4786 SWAP CURVE 2 yr 47.5000 3 yr 83.5000 5 yr 75.5000 7 yr 87.2500 10 yr 77.2500 20 yr 113.4600 30 yr 73.00000

SECURITIES AND FUTURES AUTHORITY. XXXXXX XXXXXXX ---------------------------------------------------------------------------------------------------------------------------------- 12/19/2001 12:58:27 XXXX XXXXXX -------------------------------------------------------------------------------- 02/13/2001 16:27:35 CARVE Version 640.0 513.0 /u/xxxxxx/deal/msdwc_01msdwc_00-TOP5TOP1/010213/priced/top5.finalsizes.1219.carve MS MS TOP1.4AAAs.0213.carve MSDWCI MSDWCI SERIES 2001-TOP5 PRICED TOP1 (RED) CLASS A2 ---------------------------------------------------------------------------------------------------------------------------------- A4 -------------------------------------------------------------------------------- Class A2 Settlement Date 12/27/2001 Coupon 5.90000 Original Balance 105,431,797.26 Dated Date 12/01/2001 A4 Delay 14 Current Balance 105,432,000.00 Payment Freq Monthly Yield Day Count 30/360 Yield Freq XxxxXxxxxx Xxxxx Table Date 02/13/2001 Cusip N/A First Payment Date 01/15/2002 03/15/2001 Next Payment Date 03/15/2001 Settlement Date 02/23/2001 Interest Freq Monthly Credit Rating AAA Dated Date 02/01/2001 Factor 1.00000000 Current Balance 575,962,000.00 Coupon 6.45000 Market Desc N/A Original Balance 575,962,000.00 Lead Manager Xxxxxx Xxxxxxx & Co. Credit Rating Aaa/AAA Next Payment Date 01/15/2002 Orig Deal Size 1,041,991,908.17 Market Desc N/A Payment Freq Monthly 1,156,426,170.00 Num of Tranches 21 Factor 1.00000192 Interest Freq Monthly 22 Deal Age 0 -------------------------------------- -------------------------------------- Cusip N/A Yield Table Date 12/19/2001 Yield Frequency XxxxXxxxxx Xxxxx Day Count 30/360 TREASURY CURVE 2 3.0540 5 4.3880 10 5.0840 30 5.4786 SWAP CURVE 2 yr 47.5000 3 yr 83.5000 5 yr 75.5000 7 yr 87.2500 10 yr 77.2500 20 yr 113.4600 30 yr 73.0000CURVE

SECURITIES AND FUTURES AUTHORITY. XXXXXX XXXXXXX ---------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- 12/19/2001 12:58:27 CARVE Version 640.0 /u/xxxxxx/deal/msdwc_01-TOP5TOP5/1217/priced/top5.finalsizes.1219.carve top5.seq.updpxguid.1217.carve MS MS SERIES 2001-TOP5 PRICED CLASS A2 ---------------------------------------------------------------------------------------------------------------------------------- B ----------------------------------------------------------------------------------------------------------------------------------- Class A2 B Settlement Date 12/27/2001 Coupon 5.90000 6.56000 Original Balance 105,431,797.26 31,259,000.00 Dated Date 12/01/2001 Delay 14 Current Balance 105,432,000.00 31,259,000.00 First Payment Date 01/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co. Credit Rating AaaAa2/AAA Next Payment Date 01/15/2002 Orig Deal Size 1,041,991,908.17 Market Desc N/A Payment Freq Monthly Num of Tranches 21 Factor 1.00000192 1.00000000 Interest Freq Monthly Deal Age 0 -------------------------------------- -------------------------------------- Cusip N/A Yield Table Date 12/19/2001 Yield Frequency XxxxXxxxxx Xxxxx Day Count 30/360 TREASURY CURVE 2 3.0540 5 4.3880 10 5.0840 30 5.4786 SWAP CURVE 2 yr 47.5000 3 yr 83.5000 5 yr 75.5000 7 yr 87.2500 10 yr 77.2500 20 yr 113.4600 30 yr 73.0000

SECURITIES AND FUTURES AUTHORITY. XXXXXX XXXXXXX ---------------------------------------------------------------------------------------------------------------------------------- 12/19/2001 12:58:27 CARVE Version 640.0 /u/xxxxxx/deal/msdwc_01-------------------------------------------------------------------------------- MSDWCI MSDWCI SERIES 2002-TOP5/priced/top5.finalsizes.1219.carve MS MS SERIES 2001-TOP5 PRICED TOP7 CLASS A2 ---------------------------------------------------------------------------------------------------------------------------------- E -------------------------------------------------------------------------------- Class A2 E Settlement Date 12/27/2001 06/18/2002 Coupon 5.90000 6.69000 Cusip N/A Original Balance 105,431,797.26 7,271,000.00 Dated Date 12/01/2001 06/01/2002 Delay 14 Yield Table Date 05/29/2002 Current Balance 105,432,000.00 7,271,000.00 First Payment Date 01/15/2002 07/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co. Yield Frequency SemiAnnual Credit Rating Aaa/AAA BBB+/Baa3 Next Payment Date 01/15/2002 07/15/2002 Orig Deal Size 1,041,991,908.17 1,803,172,715.40 Yield Day Count 30/360 Market Desc N/A Payment Freq Monthly Num of Tranches 21 Factor 1.00000192 1.00000000 Interest Freq Monthly Deal Age 0 -------------------------------------- -------------------------------------- Cusip N/A Yield Table Date 12/19/2001 Yield Frequency XxxxXxxxxx Xxxxx Day Count 30/360 TREASURY CURVE 2 3.0540 5 4.3880 10 5.0840 30 5.4786 SWAP CURVE 2 yr 47.5000 3 yr 83.5000 5 yr 75.5000 7 yr 87.2500 10 yr 77.2500 20 yr 113.4600 30 yr 73.00000

SECURITIES AND FUTURES AUTHORITY. XXXXXX XXXXXXX ---------------------------------------------------------------------------------------------------------------------------------- 12/19/2001 12:58:27 CARVE Version 640.0 /u/xxxxxx/deal/msdwc_01-------------------------------------------------------------------------------- MSDWCI MSDWCI SERIES 2002-TOP5/priced/top5.finalsizes.1219.carve MS MS SERIES 2001-TOP5 PRICED TOP7 CLASS A2 ---------------------------------------------------------------------------------------------------------------------------------- C -------------------------------------------------------------------------------- Class A2 C Settlement Date 12/27/2001 06/18/2002 Coupon 5.90000 6.33000 Cusip N/A Original Balance 105,431,797.26 29,083,000.00 Dated Date 12/01/2001 06/01/2002 Delay 14 Yield Table Date 05/29/2002 Current Balance 105,432,000.00 29,083,000.00 First Payment Date 01/15/2002 07/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co. Yield Frequency SemiAnnual Credit Rating AaaA/AAA A2 Next Payment Date 01/15/2002 07/15/2002 Orig Deal Size 1,041,991,908.17 1,803,172,715.40 Yield Day Count 30/360 Market Desc N/A Payment Freq Monthly Num of Tranches 21 Factor 1.00000192 1.00000000 Interest Freq Monthly Deal Age 0 -------------------------------------- -------------------------------------- Cusip N/A Yield Table Date 12/19/2001 Yield Frequency XxxxXxxxxx Xxxxx Day Count 30/360 TREASURY CURVE 2 3.0540 5 4.3880 10 5.0840 30 5.4786 SWAP CURVE 2 yr 47.5000 3 yr 83.5000 5 yr 75.5000 7 yr 87.2500 10 yr 77.2500 20 yr 113.4600 30 yr 73.00000

SECURITIES AND FUTURES AUTHORITY. XXXXXX XXXXXXX ---------------------------------------------------------------------------------------------------------------------------------- 12/19/2001 12:58:27 CARVE Version 640.0 /u/xxxxxx/deal/msdwc_01-TOP5/priced/top5.finalsizes.1219.carve MS MS XXXX XXXXXX -------------------------------------------------------------------------------- MSDWCI MSDWCI SERIES 2001-TOP5 PRICED TOP1 (PRICED) CLASS A2 ---------------------------------------------------------------------------------------------------------------------------------- A4 -------------------------------------------------------------------------------- Class A2 Settlement Date 12/27/2001 Coupon 5.90000 Original Balance 105,431,797.26 Dated Date 12/01/2001 A4 Delay 14 Current Balance 105,432,000.00 Payment Freq Monthly Yield Day Count 30/360 Yield Freq SemiAnnual Yield Table Date 02/15/2001 Cusip N/A First Payment Date 01/15/2002 03/15/2001 Next Payment Date 03/15/2001 Settlement Date 02/23/2001 Interest Freq Monthly Credit Rating AAA Dated Date 02/01/2001 Factor 1.00000000 Current Balance 575,962,000.00 Coupon 6.66000 Market Desc N/A Original Balance 575,962,000.00 Lead Manager Xxxxxx Xxxxxxx & Co. Credit Rating Aaa/AAA Next Payment Date 01/15/2002 Orig Deal Size 1,041,991,908.17 Market Desc N/A Payment Freq Monthly 1,156,426,170.00 Num of Tranches 21 Factor 1.00000192 Interest Freq Monthly 22 Deal Age 0 -------------------------------------- -------------------------------------- Cusip N/A Yield Table Date 12/19/2001 Yield Frequency XxxxXxxxxx Xxxxx Day Count 30/360 TREASURY CURVE 2 3.0540 5 4.3880 10 5.0840 30 5.4786 SWAP CURVE 2 yr 47.5000 3 yr 83.5000 5 yr 75.5000 7 yr 87.2500 10 yr 77.2500 20 yr 113.4600 30 yr 73.0000CURVE

SECURITIES AND FUTURES AUTHORITY. XXXXXX XXXXXXX ---------------------------------------------------------------------------------------------------------------------------------- 12/19/2001 12:58:27 CARVE Version 640.0 /u/xxxxxx/deal/msdwc_01-TOP5/priced/top5.finalsizes.1219.carve MS MS XXXX XXXXXX -------------------------------------------------------------------------------- MSDWCI MSDWCI SERIES 2001-TOP5 PRICED TOP1 (PRICED) CLASS A2 ---------------------------------------------------------------------------------------------------------------------------------- D -------------------------------------------------------------------------------- Class A2 Settlement Date 12/27/2001 Coupon 5.90000 Original Balance 105,431,797.26 Dated Date 12/01/2001 D Delay 14 Current Balance 105,432,000.00 Payment Freq Monthly Yield Day Count 30/360 Yield Freq SemiAnnual Yield Table Date 02/15/2001 Cusip N/A First Payment Date 01/15/2002 03/15/2001 Next Payment Date 03/15/2001 Settlement Date 02/23/2001 Interest Freq Monthly Credit Rating A-/A- Dated Date 02/01/2001 Factor 1.00000000 Current Balance 11,565,000.00 Coupon 7.19000 Market Desc N/A Original Balance 11,565,000.00 Lead Manager Xxxxxx Xxxxxxx & Co. Credit Rating Aaa/AAA Next Payment Date 01/15/2002 Orig Deal Size 1,041,991,908.17 Market Desc N/A Payment Freq Monthly 1,156,426,170.00 Num of Tranches 21 Factor 1.00000192 Interest Freq Monthly 22 Deal Age 0 -------------------------------------- -------------------------------------- Cusip N/A Yield Table Date 12/19/2001 Yield Frequency XxxxXxxxxx Xxxxx Day Count 30/360 TREASURY CURVE 2 3.0540 5 4.3880 10 5.0840 30 5.4786 SWAP CURVE 2 yr 47.5000 3 yr 83.5000 5 yr 75.5000 7 yr 87.2500 10 yr 77.2500 20 yr 113.4600 30 yr 73.0000CURVE

SECURITIES AND FUTURES AUTHORITY. XXXXXX XXXXXXX ---------------------------------------------------------------------------------------------------------------------------------- 12/19/2001 12:58:27 CARVE Version 640.0 /u/xxxxxx/deal/msdwc_01-TOP5/priced/top5.finalsizes.1219.carve MS MS XXXX XXXXXX -------------------------------------------------------------------------------- MSDWCI MSDWCI SERIES 2001-TOP5 PRICED TOP1 (PRICED) CLASS A2 ---------------------------------------------------------------------------------------------------------------------------------- C -------------------------------------------------------------------------------- Class A2 Settlement Date 12/27/2001 Coupon 5.90000 Original Balance 105,431,797.26 Dated Date 12/01/2001 C Delay 14 Current Balance 105,432,000.00 Payment Freq Monthly Yield Day Count 30/360 Yield Freq SemiAnnual Yield Table Date 02/15/2001 Cusip N/A First Payment Date 01/15/2002 03/15/2001 Next Payment Date 03/15/2001 Settlement Date 02/23/2001 Interest Freq Monthly Credit Rating A/A Dated Date 02/01/2001 Factor 1.00000000 Current Balance 31,801,000.00 Coupon 7.00000 Market Desc N/A Original Balance 331,801,000.00 Lead Manager Xxxxxx Xxxxxxx & Co. Credit Rating Aaa/AAA Next Payment Date 01/15/2002 Orig Deal Size 1,041,991,908.17 Market Desc N/A Payment Freq Monthly 1,156,426,170.00 Num of Tranches 21 Factor 1.00000192 Interest Freq Monthly 22 Deal Age 0 -------------------------------------- -------------------------------------- Cusip N/A Yield Table Date 12/19/2001 Yield Frequency XxxxXxxxxx Xxxxx Day Count 30/360 TREASURY CURVE 2 3.0540 5 4.3880 10 5.0840 30 5.4786 SWAP CURVE 2 yr 47.5000 3 yr 83.5000 5 yr 75.5000 7 yr 87.2500 10 yr 77.2500 20 yr 113.4600 30 yr 73.0000CURVE

SECURITIES AND FUTURES AUTHORITY. XXXXXX XXXXXXX ---------------------------------------------------------------------------------------------------------------------------------- 12/19/2001 12:58:27 CARVE Version 640.0 /u/xxxxxx/deal/msdwc_01-TOP5/priced/top5.finalsizes.1219.carve MS MS XXXX XXXXXX -------------------------------------------------------------------------------- MSDWCI MSDWCI SERIES 2001-TOP5 PRICED TOP1 (PRICED) CLASS A2 ---------------------------------------------------------------------------------------------------------------------------------- B -------------------------------------------------------------------------------- Class A2 Settlement Date 12/27/2001 Coupon 5.90000 Original Balance 105,431,797.26 Dated Date 12/01/2001 B Delay 14 Current Balance 105,432,000.00 Payment Freq Monthly Yield Day Count 30/360 Yield Freq SemiAnnual Yield Table Date 02/15/2001 Cusip N/A First Payment Date 01/15/2002 03/15/2001 Next Payment Date 03/15/2001 Settlement Date 02/23/2001 Interest Freq Monthly Credit Rating AA/AA Dated Date 02/01/2001 Factor 1.00000000 Current Balance 34,693,000.00 Coupon 6.81000 Market Desc N/A Original Balance 34,693,000.00 Lead Manager Xxxxxx Xxxxxxx & Co. Credit Rating Aaa/AAA Next Payment Date 01/15/2002 Orig Deal Size 1,041,991,908.17 Market Desc N/A Payment Freq Monthly 1,156,426,170.00 Num of Tranches 21 Factor 1.00000192 Interest Freq Monthly 22 Deal Age 0 -------------------------------------- -------------------------------------- Cusip N/A Yield Table Date 12/19/2001 Yield Frequency XxxxXxxxxx Xxxxx Day Count 30/360 TREASURY CURVE 2 3.0540 5 4.3880 10 5.0840 30 5.4786 SWAP CURVE 2 yr 47.5000 3 yr 83.5000 5 yr 75.5000 7 yr 87.2500 10 yr 77.2500 20 yr 113.4600 30 yr 73.0000CURVE