Deal Name: Series 2000-PRIN

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionMorgan Stanley Dean Witter Capital I Trust, 2000-PRIN343.8598.0B17.9AAAAAIncreased subordination.---C19.4AA-A----D10.5A-BBB----E4.5BBB+BBB--GE Commercial Mortgage Corp., 2003-C11,137.01,189.0B41.6AAAAAIncreased subordination; defeasance (11 percent of pool.)---C16.3AA+AA-----D25.3AAA----E16.3AA-A-----F10.4ABBB+----G16.3A-BBB----H16.3BBBBBB--Criimi Mae CMBS Corp., 1998-1116.6495.8E16.1AA+AAIncreased subordination---F23.6AABBB----G5.0ABB+----H8.7BB+B----J2.5BB-B-----K5.0B+CCC-

Following is a list of recent CMBS upgrades by Moody's Investors Service:Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnFitchNewRatingFitchOldRatingMoody'sNewRatingMoody'sOldRatingS&PNewRatingS&POldRatingReason for Rating ActionGFCM LLC, 2003-1684.5822.6B11.3  Aa1Aa2  Increased subordination; improved pool performanceLehman Brothers Floating-Rate Commercial Mortgage Trust, 2003-LLF C2130.21,200.0H21.1  AaaA2  Increased subordination   J33.3  Aa2Baa1   Morgan Stanley Dean Witter Capital I Inc., 2000-PRIN362.9598.0B17.9  AaaAa1  Increased subordination; ...

October 18, 2004Moody's Investors Service has upgraded two classes of Morgan Stanley Dean Witter Capital I Inc., 2000-PRIN, because subordination levels have improved.The transaction's collateral balance is $500.3 million, down from $598 million at issuance, so the rating agency upgraded ...