Subject: CMBS Pricing (PRICE)

December 14, 2000 LB-UBS Commercial Mortgage Trust, Series 2000-C5ClassAmount ($mln)Sub. Level (%)Rating Moody'sRating S&PAvg. LifePrice Talk(BP)Priced(BP)BenchMarkA-1352.420.5AaaAAA5.87+29 area+32SwapsA-2439.420.5AaaAAA9.71+41 area+41SwapsB44.816Aa2AA9.9+58 area+58SwapsC44.811.5A2A9.9+73 area+73SwapsD14.910A3A-9.9+83 area+85SwapsE7.49.25Baa1BBB+9.9+125 area+128SwapsF12.48Baa2BBB9.9+130 area+130SwapsG9.97Baa3BBB-9.9+275 area+275Treas.X*996NAAaaAAA8.41+375**+375Treas.*Notional amount, interest only.**At 100 percent CPR.

December 12, 2000 Go To Fitch's Presale Report. GE Capital Commercial Mortgage Corp., Series 2000-1ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePriceTalk(BP)BenchMarkA-1112.523.5AAAAaa5.7+28-30SwapsA-243323.5AAAAaa9.79+40-42SwapsB28.519.5AAAa29.9+55-59SwapsC3215AA29.9+70-76SwapsD8.913.75A-A39.9+80-86SwapsE23.110.5BBBBaa29.9+125 areaSwapsX*713.1NAAAAAaaNA+370 area**Treas.*Interest only, notional amount.**At 100 percent CPY.

December 11, 2000 Go To Moody's Presale Report.Go To S&P's Presale Report.LB-UBS Commercial Mortgage Trust, Series 2000-C5ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingS&PAvg.LifePriceTalk(BP)BenchMarkA-1352.420.5AaaAAA5.87+29 areaSwapsA-2439.420.5AaaAAA9.71+41 areaSwapsB44.816Aa2AA9.9+58 areaSwapsC44.811.5A2A9.9+73 areaSwapsD14.910A3A-9.9+83 areaSwapsE7.49.25Baa1BBB+9.9+125 areaSwapsF12.48Baa2BBB9.9+130 areaSwapsG9.97Baa3BBB-9.9+275 areaTreas.X*996NAAaaAAA8.41+375**Treas.*Notional amount, interest only.**At 100 percent CPR.

December 8, 2000 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterA story posted yesterday regarding CMBS market activity for the week erroneously reported price talk for the 10-year triple-A tranche of the $996 million Lehman-UBS Warburg 2000-C5 deal.No ...

December 7, 2000 GMAC Commercial Mortgage Securities Inc., Series 2000-C3ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePriceTalk(BP)Priced(BP)BenchMarkA-1148.521.25AAAAaa5.7+29-31+30SwapsA-2855.221.25AAAAaa9.7+41-43+43SwapsB54.217AAAa29.9+56-58+60SwapsC57.312.5AA29.9+71-73+75SwapsD12.711.5A-A39.9+81-83+85SwapsE358.75BBBBaa29.9+130 area+135SwapsF19.17.25BBB-Baa39.9+295 area+290Treas.G8NANRNRNRNA+400Treas.H9.85.85NABa1--------J25.53.85NABa2--------K4.43.5NABa3--------L9.52.75NAB1--------M15.91.5NAB2--------N3.11.25NAB3--------O3.11NACaa2--------P12.722.5NANR--------X*1274.7NAAAAAaaNANA+400**Treas.*Interest only, notional amount.**At 100 percent CPY.

December 7, 2000Lehman Bros. Floating-Rate Commercial Mortgage Trust 2000-LLF C7ClassAmount($mln)Sub. Level(%)RatingS&PAvg.LifePriceTalk*(BP)Priced(BP)BenchMarkA1,09624AAA1.59+22 area+231-mo. LiborB39.721.25AA+2.49+32 area+321-mo. LiborC3618.75AA2.53+37 area+371-mo. LiborD21.617.25AA-2.58+45 area+451-mo. Libor* Private "A-B-C" deal; pricing on only four of the deal's 27 tranches listed by Standard & Poor's available.

December 7, 2000 Salomon Bros. Commercial Mortgage Trust 2000-C3ClassAmount($mln)Sub. Level(%)RatingS&PRatingMoody'sAvg.LifePriceTalk(BP)BenchMarkA-1180.723AAAAaa5.7+28-29SwapsA-2523.623AAAAaa9.37+41-42SwapsB43.418.25AAAa29.82+56-59SwapsC35.514.25AA29.9+71-74SwapsD13.712.75A-A39.91+81-84SwapsE13.711.25BBB+Baa19.91+120 areaSwapsF13.79.75BBBBaa29.91+130 areaSwapsG13.78.25BBB-Baa39.91+280 areaTreas.IO914.6NAAAAAaa8.82NANA

December 4, 2000Banc One/FCCC Commercial Mortgage Loan Trust, 2000-C1ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sRatingS&PAvg.LifePriceTalk(BP)>Final Pricing(BP)BenchMarkA-151519AAAAaaAAA2.4+23-24+23SwapsA-2182.919AAAAaaAAA2.5+22-23+221-mo. LiborB4314AANRAA5.9+53 area+56SwapsC34.510ANRA6.8+68 area+71SwapsD8.69A-NRA-7.4+78 area+81SwapsE15.17.25BBBNRBBB7.7+120 area+122SwapsF8.66.25BBB-NRBBB-7.9+280 area+280Treas.X861.5NAAAAAaaAAA------

December 1, 2000Lehman Bros. Floating-Rate Commercial Mortgage Trust 2000-LLF C7ClassAmount($mln)Sub. Level(%)RatingS&PAvg.LifePriceTalk*(BP)BnchMarkA1,09624AAA1.59+22 area1-mo. LiborB39.721.25AA+2.49+32 area1-mo. LiborC3618.75AA2.53+37 area1-mo. LiborD21.617.25AA-2.58+45 area1-mo. Libor* Private "A-B-C" deal; price talk on only four of the deal's 27 tranches listed by Standard & Poor's available. Go to ...

November 29, 2000 Go To Moody's Presale Report.GMAC Commercial Mortgage Securities Inc., Series 2000-C3ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePriceTalk(BP)BenchMarkA-1148.521.25AAAAaa5.7+29-31SwapsA-2855.221.25AAAAaa9.7+41-43SwapsB54.217AAAa29.9+56-58SwapsC57.312.5AA29.9+71-73SwapsD12.711.5A-A39.9+81-83SwapsE358.75BBBBaa29.9+130 areaSwapsF19.17.25BBB-Baa39.9+295 areaTreas.G8NANRNR------H9.85.85NABa1------J25.53.85NABa2------K4.43.5NABa3------L9.52.75NAB1------M15.91.5NAB2------N3.11.25NAB3------O3.11NACaa2------P12.722.5NANR------X*1274.7NAAAAAaaNANANAInterest only, notional amount.