Opal Financial Group


		December 2-4, 2007 St. Regis, Dana Point, California TEXT AGENDA (as of 11-29-2007)


	Agenda
	Confirmed Participants:
	Director, Europe Operations, A.M. PAPPAS & ASSOCIATES Senior Vice President, ABN AMRO / LASALLE BANK ABN AMRO Managing Director, ACA Vice President, ADP ATLANTIC INC. ADVISER COMPLIANCE ASSOCIATES Senior Financial Analyst, AEGON USA INVESTMENT MANAGEMENT, LLC Portfolio Manager, AIG GLOBAL INVESTMENT GROUP Portfolio Manager, AIG GLOBAL INVESTMENT GROUP AIG INVESTMENTS AIM CAPITAL MANAGEMENT Sr. Fixed Income Analyst, AIM CAPITAL MANAGEMENT Vice President, AIM CAPITAL MANAGEMENT ALLEGIANCE ADVISORS Portfolio Manager, ALLEGIANCE CAPITAL INC. ALLSTATE INVESTMENTS, LLC Managing Director, AMBAC Managing Director, AMERICAN CAPITAL AMERICAN CAPITAL STRATEGIES, LTD. Vice President-Debt Capital Markets, AMERICAN CAPITAL STRATEGIES, LTD. AMERICAN CAPITAL STRATEGIES, LTD. Senior Vice President, AMERICAN MONEY MANAGEMENT CORPORATION Executive Vice President, AMERICAN MONEY MANAGEMENT CORPORATION ARES MANAGEMENT LLC ARES MANAGEMENT LLC Senior Analyst, ARES MANAGEMENT LLC ARES MANAGEMENT LLC Director, Head of CDOs, ASSURED GUARANTY Director, ASSURED GUARANTY Managing Director, ASSURED GUARANTY Account Manager, ATLANTIC INFORMATION SERVICES Managing Director, ATLANTIC INFORMATION SERVICES Representative, AUSTRIAN NATIONAL BANK Managing Director, BABSON CAPITAL MANAGEMENT Managing Director, BABSON CAPITAL MANAGEMENT Partner, BAKER & MCKENZIE, LLP Senior Portfolio Manager, BAKER STREET ASSET MANAGEMENT Portfolio Manager, BAKER STREET ASSET MANAGEMENT Assistant Vice President, THE BANK OF NEW YORK THE BANK OF NEW YORK Vice President, Global Structured Sales, THE BANK OF NEW YORK Managing Director, CDO Sales Manager, THE BANK OF NEW YORK Vice President, THE BANK OF NEW YORK THE BANK OF NEW YORK Vice President, THE BANK OF NEW YORK Managing Director, THE BANK OF NEW YORK THE BANK OF NEW YORK Vice President, THE BANK OF NEW YORK THE BANK OF NEW YORK Managing Director, THE BANK OF NEW YORK Senior Vice President, BANK OF TOKYO Director, BARCLAYS CAPITAL BARCLAYS CAPITAL Associate Director, BARCLAYS CAPITAL BARCLAYS CAPITAL BARCLAYS CAPITAL Director, BARCLAYS CAPITAL BARCLAYS GLOBAL INVESTORS BAYERISCHE HPO-UND VEREINSBANK AG Assistant Treasurer, BAYERN LB Senior Vice President, BB&T FINANCIAL Senior Managing Director, BEAR STEARNS Associate Director,BEAR STEARNS Senior Managing Director, BEAR STEARNS BEAR STEARNS BEAR STEARNS Senior Managing Director, BEAR STEARNS Chief Operating Officer, BLACK MOUNTAIN SYSTEMS LLC Chief Technology Officer, BLACK MOUNTAIN SYSTEMS LLC Senior Business Analyst, BLACK MOUNTAIN SYSTEMS LLC Associate, BLACKROCK, INC BLACKROCK, INC. BLACKROCK, INC. BLACKROCK FINANCIAL MANAGEMENT BMO Vice President, BMO CAPITAL MARKETS Managing Director, BMO CAPITAL MARKETS BNP PARIBAS Director, BNP PARIBAS BNP PARIBAS BNP PARIBAS COO, BRIGADE CAPITAL MANAGEMENT Professor of Finance, CAL STATE DOMINGUEZ HILLS Senior Staff Counsel, CALPERS CALYON CALYON CALYON CALYON Asset Manager, CAMBRIDGE DEBT ADVISORS Managing Director, CAMBRIDGE DEBT ADVISORS Managing Director, CAMBRIDGE DEBT ADVISORS Principal/Chief Operating Officer, CAPITAL FUSION ALTERNATIVE INVESTMENTS Abs Trader, CAPITAL ONE Partner, CARTER, LEDYARD & MILBURN LLP Executive Managing Director, CENTERLINE CAPITAL GROUP Managing Director, CENTERLINE CAPITAL GROUP CHAPMAN & CUTLER, LLP CHAPMAN & CUTLER, LLP Partner, CHAPMAN & CUTLER, LLP Associate, CHAPMAN & CUTLER, LLP Executive Vice President, CHOTIN ASSET MANAGEMENT CORPORATION Vice President, Structured Finance, CHOTIN ASSET MANAGEMENT CORPORATION Vice President and Portfolio Manager, CHOTIN ASSET MANAGEMENT CORPORATION Chief Administrative Officer, CHURCHILL FINANCIAL LLC Co-President, CHURCHILL PACIFIC ASSET MANAGEMENT Managing Director, Group Head of Structured Products, CIT ASSET MANAGEMENT Director, CITIGROUP CITIGROUP CDO Product Manager, CLINTON GROUP CDO Analyst, CLINTON GROUP Vice President, COAST ASSET MANAGEMENT, LLC Vice President, COAST ASSET MANAGEMENT, LLC Marketing Manager, CODEFARM US Support Manager, CODEFARM Marketing Director, CODEFARM Head of Sales, North America,CODEFARM Director, COLUMBUS NOVA CREDIT INVESTMENTS MANAGEMENT, LLC Principal, COLUMBUS NOVA CREDIT INVESTMENTS MANAGEMENT, LLC General Counsel, COMMERCIAL INDUSTRY FINANCE CORP. COMMONWEALTH ADVISORS, INC. Chief Investment Officer, COMMONWEALTH ADVISORS, INC. COMMONWEALTH ADVISORS, INC. Chief Investment Officer, COMMONWEALTH ADVISORS, INC. President, COUNTRYWIDE ASSET MANAGEMENT Executive Vice President, COUNTRYWIDE SECURITIES CORP. Principal & Head of Risk Management, COVENTREE CAPITAL GROUP INC CRAWFORD PARK FINANCIAL INC. Trader & Portfolio Manager, CREDIT SUISSE Vice President and Head of CDO Research, CREDIT SUISSE CREDITSIGHTS CREDITSIGHTS CEO & President, CFC Managing Director, DBRS Senior Vice President, DBRS Senior Vice President, DBRS Senior Vice President, DBRS Senior Vice President, DBRS Senior Vice President, DBRS Managing Director, D.B.ZWIRN & CO Partner, DECHERT LLP DEERFIELD CAPITAL MANAGEMENT, LLP Vice President and Head of Derivatives, DELAWARE INVESTMENTS Director, DELOITTE & TOUCHE LLP Managing Director, DENALI CAPITAL LLC Chief Financial Officer, DENALI CAPITAL LLC Chief Executive Officer, DENALI CAPITAL LLC DERIVATIVE FITCH Senior Director, DERIVATIVE FITCH Director, DERIVATIVE FITCH Managing Director, DERIVATIVE FITCH Director, DERIVATIVE FITCH Senior Director, DERIVATIVE FITCH Managing Director, DERIVATIVE FITCH Senior Director, DERIVATIVE FITCH Associate Director, DERIVATIVE FITCH Managing Director, DERIVATIVE FITCH DEUTSCHE ASSET MANAGEMENT Vice President, DEUTSCHE BANK Managing Director, Head of CDO Sales, DEUTSCHE BANK Senior Managing Director, DEUTSCHE BANK Partner, DEWEY& LEBOUEF LLP Chief Risk Officer, DIMAIO AHMAD CAPITAL LLC Vice President, DIMAIO AHMAN CAPITAL LLC Managing Director, DIMAIO AHMAN CAPITAL LLC DORSEY & WHITNEY (Delaware) Partner, DORSEY & WHITNEY DORSEY & WHITNEY DRAKE ASSET MANAGEMENT Director, DRESDNER KLEINWORT Vice President & Chief Risk Officer, DYNEGY INC. Vice President, DZ BANK Vice President & Portfolio Analyst, EATON VANCE MANAGEMENT Assistant Vice President, EATON VANCE MANAGEMENT Vice-President-Institutional Bank Loan Relationships, EATON VANCE MANAGEMENT President, EDENBROOK HILL CAPITAL LTD. COO, EDENBROOK HILL CAPITAL LTD. ELLIOT MANAGEMENT ELLIOT MANAGEMENT ELLIOT MANAGEMENT CO EVP, EMPORIA CAPITAL EVP, EMPORIA CAPITAL Partner, ERNST & YOUNG CMBS/CRE CDO Analyst, EVERGREEN INVESTMENTS Quantitative Risk Analyst, FEDERAL DEPOSIT INSURANCE CORP. Vice Chairman, FEDERATED INVESTORS, INC. Research Analyst, FIDELITY INVESTMENTS Director, FIDELITY INVESTMENTS Senior Vice President, FIDELITY INVESTMENTS Director, FIDELITY INVESTMENTS Vice President & Associate General Counsel, FIDELITY INVESTMENTS Senior Transactor, FINANCIAL GUARANTY INSURANCE COMPANY Managing Director, FINANCIAL SECURITY ASSURANCE FINANCIAL SECURITY ASSURANCE Chief Operating Officer, FIRST SOURCE Senior Director, FITCH RATINGS Senior Director, FITCH RATINGS Managing Director/Head of US Structured Credit, FORTIS SECURITIES, LLC FORTRESS Managing Director, FORTRESS INVESTMENT GROUP, LLC Managing Director & Chief Financial Officer, FOUR CORNERS CAPITAL MANAGEMENT, LLC Portfolio Manager, FRANKLIN TEMPLETON INVESTMENTS Senior Vice President, FRANKLIN RESOURCES CEO Managing Partner, FURTHERLANE ASSET MANAGEMENT FURTHERLANE ASSET MANAGEMENT Partner, FURTHERLANE ASSET MANAGEMENT GARDERE WYNNE SEWELL LLP Partner, GARDERE WYNNE SEWELL LLP Partner, GARDERE WYNNE SEWELL, LLP GE COMMERCIAL FINANCE Managing Director, GMAC-RFC Senior Managing Director, GMAC-RFC GOLDENTREE ASSET MANAGEMENT, LP Vice President CDO Department, GOLDMAN SACHS GOLDMAN SACHS Vice President, GOLDMAN SACHS Director, GOLDMAN SACHS Vice President Structure Product Trading Department, GOLDMAN SACHS Managing Director, GOLDMAN SACHS ASSET MANAGEMENT GOLDMAN SACHS GOLDMAN SACHS GOLDMAN SACHS Vice President, GOLDMAN SACHS Managing Director, GOLDMAN SACHS Managing Director US CLO Department, GOLDMAN SACHS GOLDMAN SACHS GRANDVIEW CAPITAL Research Analyst, GRANDVIEW CAPITAL Principal, GRANDVIEW CAPITAL GRANDVIEW CAPITAL Managing Director - Structured Finance, GSC PARTNERS Analyst, GSC PARTNERS Director, GSO CAPITAL PARTNERS Managing Director, GSO CAPITAL PARTNERS Managing Director, GUGGENHEIM CAPITAL MARKETS, LLC Principal, Head of Credit & Risk Management, GULF STREAM ASSET MANAGEMENT LLC Senior Research Analyst, GULF STREAM ASSET MANAGEMENT LLC President, GGULF STREAM ASSET MANAGEMENT LLC Senior Research Analyst, GULF STREAM ASSET MANAGEMENT LLC Senior Vice President, HARBOURVIEW ASSET MANAGEMENT CORP Vice President & CDO Analyst, HARBOURVIEW ASSET MANAGEMENT CORP President, HARDING ADVISORY LLC HARDING ADVISORY LLC Executive Vice President, HARTFORD INVESTMENT MANAGEMENT & CO. Managing Director, HARTFORD INVESTMENT MANAGMENT COMPANY Managing Director, HSBC HSBC HSBC Vice President Business Development, HSBC BANK USA Vice President, HSBC BANK USA HSBC BANK USA Vice President, HSBC BANK USA HBK INVESTMENTS Senior Financial Officer, IFC - STRUCTURED FINANCE Senior Vice President, ING INVESTMENT MANAGEMENT Portfolio Manager,ING INVESTMENT MANAGEMENT SVP Portfolio Manager, ING INVESTMENT MANAGEMENT Senior Financial Officer, INTERNATIONAL FINANCE CORPORATION Economist-International Capital Markets Department, INTERNATIONAL MONETARY FUND (IMF) INTEX SOLUTIONS INTEXT SOLUTIONS Director, INVESCO INVESCO Senior Vice President, ISCHUS CAPITAL MANAGEMENT, LLC Partner, JONES DAY JPMORGAN JPMORGAN Vice President, JPMORGAN JPMORGAN Vice President, JPMORGAN JPMORGAN CHASE Vice President, JPMORGAN FCS CORP. CFO, JPMORGAN FCS CORP. Vice President, JPMORGAN SECURITIES, INC. Partner, KAYE SCHOLER LLP President, KATONAH DEBT ADVISORS, LLC Managing Director, KBC FINANCIAL PRODUCTS KEEFE, BRUYETTE, & WOODS KEEFE, BRUYETTE, & WOODS Associate, KEEFE, BRUYETTE, & WOODS Senior Vice President, KEEFE, BRUYETTE, & WOODS EVP, KEEFE, BRUYETTE, & WOODS Senior Vice President, KOCH FINANCIAL Vice President, KOCH FINANCIAL KPMG LLP Managing Director, KPMG LLP GSVP, LASALLE BANK SVP, LASALLE BANK SVP, LASALLE BANK SVP, LASALLE BANK FVP, LASALLE BANK VP, LASALLE BANK LASALLE BANK LATHAM & WATKINS, LLP	Associate, LEGG MASON Executive Vice President, LEGG MASON LEGG MASON REAL ESTATE INVESTORS, INC. CDO Trading, LEHMAN BROTHERS LEHMAN BROTHERS LEHMAN BROTHERS LEHMAN BROHERS Senior Vice President, LEHMAN BROTHERS LEHMAN BROTHERS LEHMAN BROTHERS LEHMAN BROTHERS Senior Vice President, LEHMAN BROTHERS LEHAMAN BROTHERS Vice President & Regional Manager Midwest, LOAN PERFORMANCE MAGNETAR CAPITAL Senior Vice President, MAGNETAR CAPITAL MAPLES & CALDER MAPLES & CALDER MAPLES & CALDER Senior Vice President, MAPLES & CALDER Managing Partner, MARK VENTURES Dealer Relationship Manager, MARKETAXESS MARKETAXESS Vice President, MARKIT GROUP Director, MARKIT GROUP Managing Director, MAXIM GROUP Head of Structured Product Research / PM, MASS FINANCIAL CENTER MAYER BROWN LLP Chief Operating Officer, MCDONNELL INVESTMENT MANAGEMENT, LLC Managing Director, Co-Head-Alternative Credit Strategies, MCDONNELL INVESTMENT MANAGEMENT, LLC MD-Quantitative, MEMBERS CAPITAL ADVISORS Investment Officer, MEMBERS CAPITAL ADVISORS, INC. MERRILL BANK Managing Director, MERRILL LYNCH Director, MERRILL LYNCH Vice President, MERRILL LYNCH Vice President, MERRILL LYNCH Director, MERRILL LYNCH MERRILL LYNCH BANK USA/250 CAPITAL LLC Partner, MILBANK, TWEED, HADLEY & MCCLOY LLP Partner, MILBANK, TWEED, HADLEY & MCCLOY LLP Founder, MILLER & JACOB CAPITAL LLC Managing Director, MILLER & JACOBS CAPITAL, LLC MILLER & JACOBS CAPITAL, LLC Senior Vice President, MIZUHO CORPORATE BANK Senior Portfolio Manager, MONEYGRAM INTERNATIONAL President & CEO, MONROE CAPITAL MOODYS INVESTORS SERVICE MOODYS INVESTORS SERVICE MOODYS INVESTORS SERVICE MOODYS INVESTORS SERVICE MORRISON & FOERSTER LLP Global Debt & Derivatives Market, NATEXIS BANQUES POPULAIRES Director of Structured Products, NATIONWIDE NATIONWIDE INSURANCE ENTERPRISE Senior Managing Director, NATIXIS Managing Director, NATIXIS NATIXIS CAPITAL MARKETS Managing Director, NATIXIS CAPITAL MARKETS Managing Director, Co-Head CDO Group, NATIXIS CAPITAL MARKETS Director, NATIXIS CAPITAL MARKETS Vice President, NEW YORK LIFE INVESMTENT MGMT. LLC Second Vice President, NEW YORK LIFE INVESMTENT MGMT. LLC NEW YORK LIFE INVESMTENT MGMT. LLC NEW SHORE CAPITAL GROUP Managing Director, NEWSMITH FINANCIAL SOLUTIONS LTD Founding Partner, NEWSMITH FINANCIAL SOLUTIONS LTD Managing Director, NEWSTAR FINANCIAL, INC. Portfolio Manager, NIBC CREDIT MANAGEMENT, INC. NIXON PEABODY, LLP Senior Vice President, General Counsel and Secretary, NOVASTAR FINANCIAL, INC. Chief Operating Officer, NOVELLUS CAPITAL MANAGEMENT, LLC Vice President, Sales, NUMERIX LLC NUVEEN INVESTMENTS Attorney, O'MELVENY & MYERS LLP Counsel, ONTARIO TEACHERS’ PENSION PLAN PM, OPPENHEIMER Executive Vice President & Chief Operating Officer, ORCHARD FIRST SOURCE CAPITAL, INC President/Principal, ORE HILL PARTNERS LLC Structure Analyst, PACIFIC ASSET MANAGEMENT Associate Director, PACIFIC ASSET MANAGEMENT Credit Analyst, PACIFIC ASSET MANAGEMENT Director, PACIFIC ASSET MANAGEMENT PACIFIC LIFE INSURANCE COMPANY PACIFIC LIFE INSURANCE COMPANY Portfolio Manager, PACIFIC LIFE INSURANCE COMPANY Senior Analyst,PACIFIC LIFE INSURANCE COMPANY Portfolio Manager, PACIFIC LIFE INSURANCE COMPANY Assistant Vice President - Separate Accounts, PACIFIC LIFE INSURANCE COMPANY Separate Accounts Consultant, PACIFIC LIFE INSURANCE COMPANY Associate Vice President, PACIFIC LIFE INSURANCE COMPANY Vice President-Risk Management, PACIFIC LIFE INSURANCE COMPANY Assistant Vice President, PACIFIC LIFE INSURANCE COMPANY PACIFIC LIFE INSURANCE COMPANY PACIFIC LIFE INSURANCE COMPANY Vice President, PACIFIC LIFE INSURANCE COMPANY COO, Senior Managing Director, PANGAEA ASSET MANAGEMENT Managing Director, PEARL STREET CAPITAL PARTNERS Senior Vice President, PIMCO Senior Vice President, PIMCO Vice President, PIMCO Product Associate CDO, PIMCO Senior Vice President, PIMCO PIMCO Executive Vice President, PIMCO Executive Vice President, PIMCO PIMCO Account Manager, PIMCO Junior Structure Analyst,PIMCO Executive Vice President, PIMCO Senior Vice President, PIMCO Junior Structure Analyst, PIMCO Structure Analyst, PIMCO Executive VP, Product Manager, PIMCO Senior Vice President, PIMCO Senior Vice President, Product Manager, PIMCO PIMCO Vice President, PIMCO Junior Structure Analyst, PIMCO Account Manager, PIMCO EUROPE LTD Managing Director, PNC CAPITAL MARKETS Managing Director, PORTFOLIO SECURITIZATION CAPITAL Associate Director, PORTFOLIO SECURITIZATION CAPITAL Senior Investment Analyst, POST ADVISORY GROUP Structure Credits, PREBAN YAMANE PRECISION CAPITAL PRICEWATERHOUSECOOPERS LLC Director, PRICEWATERHOUSECOOPERS LLC PRICEWATERHOUSECOOPERS LLC Senior Associate, PRICEWATERHOUSECOOPERS LLC PRICEWATERHOUSECOOPERS LLC Partner, PRICEWATERHOUSECOOPERS LLC President, PRIMUS ASSET MANAGEMENT Director, PRIVATE EQUITY MANAGEMENT GROUP, INC. Vice President & Corporate Counsel, PRUDENTIAL FINANCIAL Executive Director and Senior Portfolio Manager, RABOBANK INTERNATIONAL RABOBANK INTERNATIONAL RABOBANK INTERNATIONAL Vice President, RADIAN ASSET ASSURANCE, INC. Senior Vice President, RADIAN ASSET ASSURANCE, INC. Assistant Vice President, RADIAN ASSET ASSURANCE, INC. RBC Associate, RBC CAPITAL MARKETS RBC CAPITAL MARKETS Managing Director, RBC CAPITAL MARKETS REDWOOD TRUST REDWOOD TRUST Vice President, Business Development, REDWOOD TRUST, INC. Correspondent, REUTERS Partner/Director, RICHARDS, LAYTON & FINGER, P.A. RICHARDS, LAYTON & FINGER, P.A. Director, RICHARDS, LAYTON & FINGER, P.A. Director, RICHARDS, LAYTON & FINGER, P.A. Managing Director, RIMROCK CAPITAL MANAGEMENT Associate Director, S&P Managing Director, SANDLER O'NEILL & PARTNERS, L.P. Portfolio Manager, SAYE CAPITAL MANAGEMENT L.P. Portfolio Manager, SAYE CAPITAL MANAGEMENT L.P. President, SAYE CAPITAL MANAGEMENT L.P. Vice President, SAYE CAPITAL MANAGEMENT L.P. Partner, SCHULTE, ROTH & ZABEL, LLP SCOTIA CAPITAL SCOTIA CAPITAL Director, SCOTIA CAPITAL Vice President, SECURITY MANAGEMENT COMPANY, LLC Managing Director, SEIX ADVISORS Managing Director, SEIX ADVISORS Managing Director, SEIX ADVISORS Director, SGAS Research Analyst, SHARPBRIDGE CAPITAL MANAGEMENT Manager, SHINKIN CENTRAL BANK NEW YORK BRANCH Deputy General Manager, SMBC Manager, SMBC General Manager, SMBC National Account Manager, SOURCEMEDIA Associate Director, STANDARD & POOR’S Managing Director, STANDARD & POOR’S Managing Director, STANDARD & POOR’S Senior Credit Analyst, STATE STREET GLOBAL ADVISORS Chief Operating Officer, STONE TOWER CAPITAL LLC STONE TOWER CAPITAL LLC Vice President, STONECASTLE PARTNERS, LLC Managing Director, STONECASTLE PARTNERS, LLC Principal, STONECASTLE PARTNERS, LLC Vice President, STONECASTLE PARTNERS, LLC STROOCK & STROOK & LAVAN LLP President, STRUCTURED CREDIT INTERNATIONAL CORP. Manager, SUMITOMO TRUST & BANKING CO., LTD. Vice President, SUMITOMO TRUST & BANKING CO., LTD. Vice President, SUMIMOTO TRUST FINANCE (H.K.) LTD. Managing Director, SUNTRUST CAPITAL MARKETS Analyst, SUNTRUST CAPITAL MARKETSManaging Director, SURGE CAPITAL MANAGEMENT, LLC Director, Portfolio Manager, SURGE CAPITAL MANAGEMENT, LLC President & Chief Investment Officer, SURGE CAPITAL MANAGEMENT, LLC Portfolio Manager, SYMPHONY ASSET MANAGEMENT Research Analyst, SYMPHONY ASSET MANAGEMENT TALL TREE INVESTMENT MANAGEMENT TALL TREE INVESTMENT MANAGEMENT Portfolio Manager, TEACHERS INSURANCE & ANNUITY ASSOCIATION CFA, TEACHERS INSURANCE & ANNUITY ASSOCIATION Portfolio Manager, TERWIN MONEY MANAGEMENT LLC Portfolio Analyst, TERWIN MONEY MANAGEMENT LLC Chief Investment Officer, TERWIN MONEY MANAGEMENT LLC Chief Operating Officer, TERWIN MONEY MANAGEMENT LLC Sr. Portfolio Manager, TERWIN MONEY MANAGEMENT LLC Partner, THACHER PROFITT AND WOOD LLP Partner, THACHER PROFITT AND WOOD LLP TIAA-CREF TRAPEZA CAPITAL MANAGEMENT Vice President, TRAPEZA CAPITAL MANAGEMENT Managing Partner, TREESDALE ADVISORS Assistant Vice President, TRUST COMPANY OF THE WEST Portfolio Manager, TRUST COMPANY OF THE WEST Managing Director, TRUST COMPANY OF THE WEST Vice President,TRUST COMPANY OF THE WEST Managing Director, TRUST COMPANY OF THE WEST Vice President, TRUST COMPANY OF THE WEST Senior Vice President, TRUST COMPANY OF THE WEST Vice President and Associate General Counsel, TRUST COMPANY OF THE WEST Vice President, TRUST COMPANY OF THE WEST Managing Director, TRUST COMPANY OF THE WEST Senior Vice President, TRUST COMPANY OF THE WEST AVP, TRUST COMPANY OF THE WEST Senior Vice President, TRUST COMPANY OF THE WEST Senior Analyst, TRUST COMPANY OF THE WEST Managing Director,TRUST COMPANY OF THE WEST Senior Vice President, TRUST COMPANY OF THE WEST Managing Director, TRUST COMPANY OF THE WEST Vice President, TRUST COMPANY OF THE WEST Senior Vice President, TRUST COMPANY OF THE WEST Senior Vice President, TRUST COMPANY OF THE WEST Managing Director, TRUST COMPANY OF THE WEST UBS Executive Director/Secondary CDO Trader, UBS UBS Associate Director, UBS UBS Executive Director, UBS UBS Executive Director, ABS Credit Derivatives Trader, UBS Managing Director, UBS UBS Managing Director, UBS UBS UBS UBS Vice President, U.S. BANK Vice President, U.S. BANK Senior Vice President, U.S. BANK Vice President, U.S. BANK CORPORATE TRUST SERVICES US DEPARTMENT OF TRESURY, OFFICE OF THRIFT SUPERVISION UNION BANK OF CALIFORNIA Vice President, UNION BANK OF CALIFORNIA Vice President, UNION BANK OF CALIFORNIA, N.A. Vice President, UNION BANK OF CALIFORNIA, N.A. UNION BANK OF CALIFORNIA Vice President, UNION BANK OF CALIFORNIA Managing Direcor, VIRTUS PARTNERS, LLC Managing Partner, VIRTUS PARTNERS, LLC WACHOVIA Director, WACHOVIA WACHOVIA Analyst, WALLACE R. WEITZ & CO. Portfolio Manager, WASHINGTON MUTUAL Portfolio Manager, WASHINGTON MUTUAL Analyst, WASHINGTON MUTUAL First Vice President, WASHINGTON MUTUAL BANK WEIL, GOTSHAL & MANGES LLP Partner, WEIL, GOTSHAL & MANGES LLP WEIL, GOTSHAL & MANGES LLP Vice President, WELLS FARGO Managing Director and Sales Manager, WELLS FARGO Vice President, WELLS FARGO WELLS FARGO CORPORATE TRUST Senior Market Analyst, WELLS FARGO CORPORATE TRUST Director, Investment Credit Services, WESCORP Senior Securities Credit Analyst, WESCORP Portfolio Manager, WESCORP WEST GATE HORIZONS President, WEST GATE HORIZONS ADVISORS LLC Senior Portfolio Manager, WESTERN ASSET MANAGEMENT Research Analyst, WESTERN ASSET MANAGEMENT Director, WESTLB Director, WESTLB WESTLB WESTLB WESTLB WESTLB AG SVP Corporate Research & Retail Marketing, WILLIAMS & WILLIAMS National Sales, WILLIAMS & WILLIAMS Product Specialist, WILMINGTON TRUST Vice President, WILMINGTON TRUST Executive Vice President, WILMINGTON TRUST Vice President, WILMINGTON TRUST Executive Vice President and COO, WILMINGTON TRUST Vice President, WILMINGTON TRUST Vice President, WILMINGTON TRUST WILMINGTON TRUST Exhibit Manager, WILMINGTON TRUST President & CEO, WILMINGTON TRUST Senior Vice President, WILMINGTON TRUST Senior Vice President, THE WINTER GROUP Portfolio Manager, ZAIS GROUP, LLC Senior Vice President, ZS CAPITAL


Sunday, December 2, 2007
8a - 12p	Exhibit Set-up
9:00a	Golf Tournament
2:00p	Registration
3:00	Co-Chair Welcoming Remarks Senior Vice President, PIMCO Managing Director, Global Head of CLOs, UBS Group Managing Director, TRUST COMPANY OF THE WEST
3:15	What have we learned from the full economic cycle about the performance characteristics of CDOs? Speaker: President / Principal, ORE HILL PARTNERS LLC
3:35	The Current State and New Developments of the CDO Market Moderator: Managing Director, THE BANK OF NEW YORK MELLON GLOBAL CORPORATE TRUST Panelists: Vice President, DEUTSCHE BANK Managing Director, DERIVATIVE FITCH Managing Director, Global Head of CLOs, UBS Global Head of Cash CDO Structuring, CALYON Managing Director, MAXIM GROUP
4:30	The Current Economic Environment and the Impact on CDO Management Strategies Moderator: Partner, DELOITTE &TOUCHE LLP Panelists President, STRUCTURED CREDIT INTERNATIONAL Economist-International Capital Markets Department, INTERNATIONAL MONETARY FUND (IMF) Head of Financial Engineering and Products, NUMERIX / R2 FINANCIAL TECHNOLOGIES
5:30	CDOs of Alternative Investments Moderator: Professor of Finance, CALIFORNIA STATE DOMINGUEZ HILLS Panelists: Partner, KAYE SCHOLER LLC Managing Director, MAYERCAP, LLC
6:30-7:30	Cocktail Reception

Monday, December 3, 2007
7:30a	Continental Breakfast
8:00	Co-Chair Welcoming Remarks Senior Vice President, PIMCO Managing Director, Global Head of CLOs, UBS Group Managing Director, TRUST COMPANY OF THE WEST Portfolio Manager, ZAIS GROUP
	Track A	Track B
8:15	Developments in the synthetic CDO markets Moderator: Partner, THACHER PROFFITT & WOOD LLP Panelists: Managing Director, DERIVATIVE FITCH Vice President, THE BANK OF NEW YORK MELLON GLOBAL CORPORATE TRUST Senior Managing Director, BEAR STEARNS Senior Vice President, PIMCO Global Head of Credit Markets Trading, CALYON	Multi-sector ABS CDOs Moderator: Head of Financial Engineering and Products, NUMERIX / R2 FINANCIAL TECHNOLOGIES Panelists: Director, RICHARDS, LAYTON & FINGER PA Senior Vice-President, DBRS Head of CDO Research, CREDIT SUISSE Managing Director, UBS CFA, Head of Structured Finance CDOs, BLACKROCK FINANCIAL MANAGEMENT

9:15	Update on the Market Value and Cash Flow CDOs Moderator: Partner, DELOITTE &TOUCHE LLP Panelists: COO, Senior Managing Director, PANGAEA ASSET MANAGEMENT LLC Managing Director, DERIVATIVE FITCH Managing Director, AMBAC Managing Director, MERRILL LYNCH Director, Head of CDOs, ASSURED GUARANTY Senior VP, PIMCO	Impact of Leveraged Loan Performance on the CLO Market Moderator: Head of Structured Credit Americas, MIZUHO SECURITIES Panelists: Principal and Sr. Portfolio Manager, PRINCETON ADVISORY GROUP Vice President, Global Evaluations, STANDARD & POORS SECURITIES EVALUATION INC TBA, MJX Portfolio Manager, FORTIS INVESTMENTS VP CDO Asset Management, UNION BANK OF CALIFORNIA

10:15	Morning Refreshment Break

10:30	Role of the CDO Managers Moderator: Partner, KPMG Panelists: Director, PRIVATE EQUITY MANAGEMENT GROUP Managing Director, ACADIA FUNDS Vice President CDO Department, GOLDMAN SACHS Managing Director, PACIFIC ASSET MANAGEMENT Global Head of Credit Markets Product Management Credit Markets, CALYON Partner, BAKER & MCKENZIE	Investor Roundtable Moderator: Managing Director, WACHOVIA SECURITIES Panelists: CMBS/CRE CDO Analyst, EVERGREEN INVESTMENTS CFA, DEUTSCHE ASSET MANAGEMENT Managing Director, FINANCIAL SECURITY ASSURANCE Managing Director, TRUST COMPANY OF THE WEST Managing Principal, CAPITAL FUSIONS ALTERNATIVE INVESTMENTS

11:30	Real Estate CDOs Moderator: CEO, LABHART RISK ADVISORS INC Panelists: Managing Director, WILLIAMS MERCHANT GROUP Managing Director, GMAC RESIDENTIAL CAPITAL Vice President, THE BANK OF NEW YORK MELLON GLOBAL CORPORATE TRUST	CDO’s 2008 and Beyond: Structures, Strategies, Challenges and Opportunities Moderator: Partner , LATHAM & WATKINS Panelists: Managing Director, ARES MANAGEMENT Managing Director, AIG GLOBAL INVESTMENT Senior Managing Director, RIVERSOURCE INVESTMENTS LLC Executive Director, MORGAN STANLEY Managing Director, ICE CANYON LLC Co-President, CHURCHILL PACIFIC ASSET MANAGEMENT

12:30 p	Luncheon

1:30	CLOs Moderator: Managing Director US CLO Department, GOLDMAN SACHS Panelists: Director, PRICEWATERHOUSECOOPERS LLP Head of US Structured Credit, FORTIS SECURITIES CFA, Structured Credit, TIAA-CREF Senior Vice-President, DBRS Vice President, WELLS FARGO Managing Director, UBS Senior Vice President, Group Head, ING INVESTMENT MANAGEMENT Vice President, CITIGROUP	Accounting , Tax, Legal and Regulatory Issues and Updates Moderator: Partner, JONES DAY Panelists: Partner, ERNST & YOUNG Director-Securitization Tax Services, DELOITTE &TOUCHE LLP Partner, MILBANK, TWEED, HADLEY, & MCCOY Partner, PRICEWATERHOUSE COOPERS

2:35	Investing in CDO Equity Moderator: Senior Managing Director, BEAR STEARNS Panelists: Partner, DELOITTE &TOUCHE LLP Managing Director, GOLDMAN SACHS Director, BARCLAYS CAPITAL Senior Vice President, PIMCO TBA, STONECAPITAL PARTNERS	CDO’s of Trust Preferred Securities Moderator: Managing Director, DERIVATIVE FITCH Panelists: Senior Vice President, KEEFE, BRUYETTE & WOODS Principal, STONECAPITAL PARTNERS Vice President, WILMINGTON TRUST Senior Manager, KPMG Partner, JONES DAY

3:30	Afternoon Refreshment Break

3:45	Credit Opportunity Funds Moderator: Partner, SCHULTE, ROTH & ZABEL LLP Panelists: Managing Director, PRECISION CAPITAL Portfolio Manager, EATON VANCE MANAGEMENT TBA, PIMCO Executive Director, MORGAN STANLEY Managing Director, TRUST COMPANY OF THE WEST Vice President, JP MORGAN SECURITIES Executive Vice President, COUNTRYWIDE ALTERNATIVE INVESTMENTS	Middle Market CDOs Moderator: Managing Director, Co-Head CDO Group, NATIXIS CAPITAL MARKETS Panelists: Partner, PRICEWATERHOUSECOOPERS LLP Senior Managing Director, GSC GROUP Director, MERRILL LYNCH Managing Director, WACHOVIA SECURITIES Executive Director, UBS

4:45	The CDO Secondary Market: Liquidity & Transparency Moderator: Managing Director, CDO Secondary Trading , GOLDMAN SACHS Panelists: Director Leveraged Investments Group, CREDIT SUISSE ALTERNATIVE INVESTMENTS Senior Managing Director, FURTHERLANE ASSET MANAGEMENT Vice President & Portfolio Manager, RABOBANK Vice President, MIZUHO SECURITIES CALYON President & CEO, WILMINGTON TRUST	Issuer Roundtable Moderator: Executive Vice President, HARTFORD INVESTMENT MANAGEMENT Panelists: Managing Director, SANDLER O’NEIL & PARTNERS L.P. President & Chief Executive Officer, FOUR CORNERS CAPITAL MANAGEMENT CIO & Head of US Operations, ALCENTRA Managing Director, DIMAIO AHMAD CAPITAL LLC

5:45-6:45	Cocktail Reception

Tuesday, December 4, 2007
7:30a	Continental Breakfast
8:00	Co-Chair Welcoming Remarks Senior Vice President, PIMCO Managing Director, Global Head of CLOs, UBS Group Managing Director, TRUST COMPANY OF THE WEST Portfolio Manager, ZAIS GROUP
	Track A	Track B
8:15	Distressed Debt/High Yield CDOs/Leveraged Loans Moderator: Partner, MILBANK, TWEED, HADLEY, & MCCOY Panelists: Chief Investment Officer, FOUR CORNERS Senior Vice President, DBRS Director, BARCLAY'S CAPITAL Managing Director, STONECAPITAL PARTNERS CFO, JP MORGAN FCS	Researcher’s Roundtable Moderator: Associate Director, Leveraged Finance Strategy, BARCLAYS CAPITAL Panelists: Senior Analyst Macro Strategy, CREDITSIGHTS Vice President, WACHOVIA SECURITIES Senior Vice President, LEHMAN BROTHERS Executive Director, UBS Strategist, CITIGROUP

9:15	Roles and Functions of CDO Trustees Moderator: Vice President, WILMINGTON TRUST Panelists: Partner, CHAPMAN AND CUTLER LLP Partner, DELOITTE &TOUCHE LLP Managing Director, THE BANK OF NEW YORK MELLON GLOBAL CORPORATE TRUST Partner and Managing Director, VIRTUS PARTNERS VP of Sales, WELLS FARGO Director, Sales and Marketing, STATE STREET CORPORATION	Rating Agencies Speak Out on CDO Credit Quality Moderator: Executive Director, UBS Panelists: Managing Director, DERIVATIVE FITCH Team Managing Director, MOODYS INVESTORS SERVICE Senior Vice President, DBRS

10:20	Refreshment Beak
10:35	CLO Managers Roundtable: What Will 2008 Bring Us? • Current Loan Market and CLO origination • CLO Market going forward • Where are we on credit cycle? • Strategies for CLO managers • CLO Management Fees Moderator: President & CIO, DFG INVESTMENT ADVISERS Panelists: CIO, FOUR CORNERS CAPITAL MANAGEMENT Senior Managing Director and CDO Group Co-Head, RIVERSOURCE INVESTMENTS CIO, TRIMARAN ADVISORS CIO & Head of US Operations, ALCENTRA	Credit Default Swaps of CDOs Moderator: Director, DELOITTE &TOUCHE LLP Panelists: Senior Vice-President, DBRS Partner, DEWEY & LEBOUF LLP Portfolio Manager, ZAIS GROUP Head of CDO Research, JP MORGAN Managing Director, Head of CDO, NATIXIS

11:30	CLO Managers

12:30p	Closing Remarks Senior Vice President, PIMCO Managing Director, Global Head of CLOs, UBS Group Managing Director, TRUST COMPANY OF THE WEST Portfolio Manager, ZAIS GROUP Conference Concludes