SEPTEMBER

LIST OF ADHERING PARTIES FOR 2005 DELTA & NORTHWEST CDS INDEX PROTOCOL
This list of entities adhering to the 2005 Delta & Northwest CDS Index Protocol is set forth below by date.

LAST UPDATED: September 30, 2005

NO. OF ADHERING PARTIES: 71


SUBMISSION DATE OF MOST RECENT LETTER
PARTICIPANT
September 30, 2005Oregon PERS
September 30, 2005UALP
September 30, 2005Morgan Stanley & Co. International Limited
September 30, 2005Shepherd Investments International, Ltd.
September 30, 2005Stark Trading
September 30, 2005BNP PARIBAS
September 30, 2005IOWA PERS
September 30, 2005Alcon Laboratories
September 30, 2005Sunoco Master Retirement Trust
September 30, 2005Mead Corporation
September 30, 2005Illinois Municipal Retirement Fund Master Trust
September 30, 2005Knight-Ridder
September 30, 2005Caterpillar Inc. Pension Master Trust
September 30, 2005IBM Retirement Plan
September 30, 2005Western Asset Core Plus Bond
September 30, 2005Crown, Cork & Seal
September 30, 2005Bell Atlantic Master Trust
September 30, 2005Caterpillar Inc. Group Insurance Trust VEBA
September 30, 2005MichCon Post-Retirement VEBA Trust
September 30, 2005MichCon Retirement Plans' Master Trust
September 30, 2005Ministers & Missionaries Benefit Board of Amer. Baptist
September 30, 2005Western Asset Intermediate Plus Bond Fund
September 30, 2005California Wellness Foundation
September 30, 2005YMCA Retirement Fund
September 30, 2005Syracuse University
September 30, 2005Baker Hughes
September 30, 2005Duke Energy Master Retirement Trust
September 29, 2005CREDIT SUISSE FIRST BOSTON CAPITAL LLC
September 29, 2005JPMorgan Chase Bank, National Association
September 29, 2005CREDIT SUISSE, ACTING THROUGH ITS CAYMAN ISLANDS BRANCH
September 29, 2005BlueMountain Ultra Short Credit Fund, L.P.
September 29, 2005DKR Varick Holding Fund Ltd.
September 29, 2005Government of Singapore Investment Corporation Pte ltd
September 28, 2005TCM Spectrum Fund LP
September 28, 2005KBC Financial Products (Cayman Islands) Ltd.
September 28, 2005RCG Carpathia Master Fund, Ltd.
September 28, 2005MERRILL LYNCH INTERNATIONAL
September 28, 2005BlueMountain Credit Alternative Master
September 28, 2005TCM Spectrum Fund (Offshore) Ltd.
September 28, 2005TCM Spectrum Fund (QP) LP
September 28, 2005Commerzbank Aktiengesellschaft
September 28, 2005Morgan Stanley Credit Products Ltd.
September 28, 2005The Coast Fund L.P.
September 28, 2005Mohican VCA Master Fund
September 28, 2005Morgan Stanley Capital Services Inc.
September 28, 2005Dresdner Bank AG London Branch
September 27, 2005CALYON
September 27, 2005NMS Services (Cayman) Inc.Topanga Managed
September 27, 2005NMS Services (Cayman) Inc.
September 27, 2005Silverback Master, Ltd
September 27, 2005UBS Limited
September 27, 2005UBS AG
September 26, 2005CITIGROUP GLOBAL MARKETS LIMITED
September 26, 2005Highbridge International LLC
September 26, 2005Regents Park Relative Value Master Fund
September 26, 2005BEAR STEARNS CREDIT PRODUCTS INC.
September 26, 2005BEAR, STEARNS INTERNATIONAL LIMITED
September 26, 2005Citibank, N.A.
September 26, 2005Deutsche Bank AG
September 23, 2005Sankaty Credit Opportunities II, L.P.
September 23, 2005LEHMAN BROTHERS SPECIAL FINANCING INC.
September 23, 2005LEHMAN BROTHERS INTERNATIONAL (EUROPE)
September 23, 2005BANK OF AMERICA, N.A.
September 23, 2005BARCLAYS BANK PLC
September 23, 2005GOLDMAN SACHS CAPITAL MARKETS, L.P.
September 23, 2005Sankaty Credit Opportunities, L.P.
September 23, 2005Prospect Harbor Credit Partners L.P.
September 23, 2005ZAIS CDO Opportunity Master Fund, Ltd.
September 23, 2005QVT Fund LP
September 23, 2005CREDIT SUISSE FIRST BOSTON INTERNATIONAL
September 23, 2005GOLDMAN SACHS INTERNATIONAL