Subject: CMBS Pricing (PRICE)

October 26, 2000 * NOTE: The class A-1 tranche (5.8-year) was changed during marketing to fixed-rate from floating. Therefore, the price talk numbers are against Libor, while the tranche priced against swaps. Hilton Hotels Pool Trust, Series 2000-HLTClassAmount($mln)RatingMoody'sRatingS&PAvg.LifePriceTalk(BP)Priced(BP)BenchMarkA-192.5AaaAAA5.8+28-30*+38SwapsA-2175AaaAAA9.9+40-43+401-mo. LiborB60.8AaaAA+9.9+50 area+501-mo. ...

October 26, 2000Banc of America Commercial Mortgage Inc. 2000-2ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifeRevisedPriceTalk(BP)Priced(BP)BenchMarkA-1198.324AAAAaa5.75+27-29+30SwapsA-2477.124AAAAaa9.18+40 area+40SwapsB37.819.75AAAa29.56+55-57+58SwapsC24.517A+A19.63+61-63+64SwapsD17.815AA29.63+69-71+72SwapsE8.914A-A39.63+79-81+84SwapsF11.112.75BBB+Baa19.66+220-225NATreas.G17.810.75BBBBaa29.71+230-235NATreas.H11.19.5BBB-Baa39.71+265-270NATreas.X*889NAAAAAaaNANANATreas.* Interest only, notional amount.

October 24, 2000 Go To S&P's Presale Report.Banc of America Commercial Mortgage, Series 2000-2ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePriceTalk(Oct. 12)(BP)RevisedPriceTalk(BP)BenchMarkA-1198.324AAAAaa5.75+27-29+27-29SwapsA-2477.124AAAAaa9.18+37-39+40 areaSwapsB37.819.75AAAa29.56+52-54+55-57SwapsC24.517A+A19.63+58-60+61-63SwapsD17.815AA29.63+66-68+69-71SwapsE8.914A-A39.63+76-78+79-81SwapsF11.112.75BBB+Baa19.66+220-225+220-225Treas.G17.810.75BBBBaa29.71+230-235+230-235Treas.H11.19.5BBB-Baa39.71+265-270+265-270Treas.X*889NAAAAAaaNANA--Treas.* Interest only, notional amount.

October 24, 2000 Duke Weeks Industrial Trust, Series 2000-DW1ClassAmount($mln)Sub. Level(%)RatingS&PRatingMoody'sAvg.LifePriceTalk(BP)Priced(BP)BenchmarkA-143.613.7AAAAaa5+25 area+251-mo. LiborA-2145.413.7AAAAaa9.9+43 area+45SwapsB-196.2AAAa29.9+40 area+401-mo. LiborB-2306.2AAAa29.9+56 area+56SwapsC-17.40AA29.9+70 area+701-mo. LiborC-224.60AA29.9+67 area+67SwapsX-1*60NAAAAAaaNANA----X-2*200NAAAAAaaNANA----* Interest only, notional amount.

October 23, 2000 DLJ Commercial Mortgage Corp., Series 2000-CKP1ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePriceTalk(BP)BenchMarkA-1A210.522.5AAAAaa5.7+28-291.-mo. LiborA-1B789.822.5AAAAaa9.6+39 area1.-mo. LiborA-251.618.5AAAa29.8+56 area1.-mo. LiborA-358.114AA29.8+71 area1.-mo. LiborA-416.112.75A-A39.8+81 area1.-mo. LiborB-116.111.5BBB+Baa19.9+220-225Treas.B-225.89.5BBBBaa29.9+230-235Treas.B-36.59BBB-Baa39.9+265-270Treas.Go To Fitch's Presale Report.Go To Moody's Presale Report.

October 19, 2000 Morgan Stanley Dean Witter Capital I Trust 2000-LIFE2ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePriceTalk(BP)PricedBenchmarkA-115916.5AAAAaa5.7+26 area+26SwapsA-248016.5AAAAaa9.3+37 area+40SwapsB22.9613.5AAAa29.9+52 area+55SwapsC24.910.25AA29.9+67 area+70SwapsD6.99.35A-A39.9+77 area+82SwapsE18.756.9BBBBaa29.9+225 area+225Treas.F*7.655.9BBB-Baa39.9+265 area+260Treas.G*3.065.5BBB-NRNANANATreas.X**765.3--AAAAaaNANANATreas.* Privately placed.** Interest only, notional amount.

October 19, 2000 Hilton Hotels Pool Trust, Series 2000-HLTClassAmount($mln)RatingMoody'sRatingS&PAvg.LifePriceTalk(BP)BenchMarkA-192.5AaaAAA5.8+28-301-mo. LiborA-2175AaaAAA9.9+40-431-mo. LiborB60.8AaaAA+9.9+50 area1-mo. LiborC66.8Aa2AA-9.9+70 areaSwapsD32.9A1A+9.9+80 areaSwapsE24.7A2A9.9+90 areaSwapsF46.9A3A-9.9+100 areaSwapsX*499.6AAAAaa--NANA* Notional balance. Go To Moody's Presale Report.

October 17, 2000 Morgan Stanley Dean Witter Capital I Trust 2000-LIFE2ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifeSpread(BP)BenchmarkA-115916.5AAAAaa5.7+26 areaSwapsA-248016.5AAAAaa9.3+37 areaSwapsB22.9613.5AAAa29.9+52 areaSwapsC24.910.25AA29.9+67 areaSwapsD6.99.35A-A39.9+77 areaSwapsE18.756.9BBBBaa29.9+225 areaTreas.F*7.655.9BBB-Baa39.9+265 areaTreas.G*3.065.5BBB-NRNANATreas.X**765.3--AAAAaaNANATreas.* Privately placed.** Interest only, notional amount.

October 13, 2000 Go To Initial Price Guidance Table. PNC Mortgage Acceptance Corp., Series 2000-C2ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingS&PAvg.LifePriced(BP)BenchMarkA-1200,61223.75AaaAAA5.7+29SwapsA-2620.0523.75AaaAAA9.4+40SwapsB43.0519.75Aa2AA9.9+59SwapsC48.415.25A2A9.9+73SwapsD13.4514A3A-10+83SwapsE13.3412.75Baa1BBB+10+230Treas.F18.811Baa2BBB10+240Treas.G16.149.5Baa3BBB-10+270Treas.H18.87.75Ba1BB+10+490Treas.J29.65Ba2BB10+540Treas.K8.074.25Ba3BB-10.2+675Treas.L8.073.5B1B+12.4NATreas.M10.762.5B2B14.3NATreas.N5.42B3B-14.6NATreas.O21.5NANRNR15.1----X*1,076NAAaaAAA9.03NATreas.* Interest only, notional amount.

October 12, 2000 Go To S&P's Presale Report.Banc of America Commercial Mortgage, Series 2000-2ClassAmount($mln)Sub. Level(%)RatingS&PRatingMoody'sAvg.LifePriceTalk(BP)BenchMarkA-1198.324AAAAaa5.75+27-29SwapsA-2477.124AAAAaa9.18+37-39SwapsB37.819.75AAAa29.56+52-54SwapsC24.517A+A19.63+58-60SwapsD17.815AA29.63+66-68SwapsE8.914A-A39.63+76-78SwapsF11.112.75BBB+Baa19.66+220-225Treas.G17.810.75BBBBaa29.71+230-235Treas.H11.19.5BBB-Baa39.71+265-270Treas.X*889NAAAAAaaNANATreas.* Interest only, notional amount.