Collateral Valuation - Summary


					Slack Price Assumptions as of I  34.141    I       Enron     S4W
				       I                                                 Compaq      $15.14
											 Eli Lilly   176.35

				     I~~At4~~ ~ "i'~A~ ~
					  BA         Chase     Corn    *      PW         Total
					     800%       75 0%       30 0%   60%-70%

   Original LOC
    Ouiata.dI.g

   Current LIV
Mkt Val. Collateral
   Collateral Req.
  Excess (Deficit)

$40,000,000
S9,354,392

    40.7%
$24,194,594
112.317.990
$11,876,604

$15,000,000
$7,042,000

    60.4%
$11,655,506
$9.3S9.333
$2,266,173

$10,000,000
$3,439,371    SIS,139,322 $35,575,535

   48.7%
$7,161,431
$3,929. 145

$43,011,532
125.636.468
$14,142,171

Borrowing roweri   59,5eI,2P I $1,699,630 I    $439,274 I

I 511,646,187 I

Total for BA, Chase, d Compass   ~

Original LOC
  Outstanding
Mailable Linel

I ~ ~ ~JM~A~i. .'~ ~J~J &~                           I~s( .~ I
    $750,000    $1,000,000
	 $0            $0
    $750,000 I  $1,000,000 I

				  Enron
				Compaq
				Eli Lilly
				  EOU
				  TCW

					    1000%

							100.0%

								    100.0%

		       * Conapass LLK' has 809'. L TV on all liquid assets held as collateral; the exception is the Sander,' account ,.hwl,
			 cans isis of illiquid assets that Compass offers the lesser of iOi'. LlVor Sl'pm

iAH'OIEI7O:g gi.
     7,5/lit

I

	    .9

GOVERNMENT
  EXHIBIT
  24214
 Crim No H 04-0025

LTV

30.0%

$5,000,000

   11.5%
S6,996,266
16.250.000
  746,266

$500,000
     $0

$500,000 I

SO
$0

$2,250,000
      $0

'-F
a5
3-

Oi
ow
em
'no
0'

    Allocation of Collateralfer Secured LOC
BA         Chase      Com ass       PW
  79.2%       97.4%       79.3%
  20.8%        2.6%         00%
   0.0%        0.0%       20.9%
   0.0%        0.0%         0.0%
   0.0%        0.0%         0.0%





					Collateral Valuation - Summary

				   Stock Pike Assumptleiss as eft I   3-Jul41          EO1T       $13.56
						   Enron                 548.0     TCW Select     $17.93 I
						  Compaq                 515.14    TCW - Agp.     514.55
						  Eli Lilly              576.35    TCW - Small    523.65 I

				   I         v4~        I
				       BA         PW        Total
					 30.0%  60%-70%

			  Original bC
			  Outstamdlag

			  C.rremt LIV
		      Mkt V.1. Collateral
			 Collateral Req.
			 Excess (Deficit)

		      Borrowlag Foweri


			      Enron
			    Compaq
			    Eli Lilly
			      EOfl
			      TCW
~F      TI
g.~(    II
gg~
WO
0'
WM

$1,179,861 I


   l00.OV.

I   51,179,861 I


LOC0 10103aIa
    715/01

LTV

$lo,000,000
$6,952,000

    68.4%
$10,164,327
53.690.000
$1,474,327

$1 0,000,000
$6,952,000


$10,164,327
SS.690.000
51,474,827

Allocation of celtuteral
 BA         PW
   28.7%
   16.8%
   15.2%
    0.9%
   38.3%