Exhibit 99.1

FINANCIAL SECURITY ASSURANCE INC. AND SUBSIDIARIES

Unadited Condensed Consolidated Financial Statements
March 31, 2006

FINANCIAL SECURITY ASSURANCE INC.
AND SUBSIDIARIES

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

March 31, 2006

INDEX

CONSOLIDATED FINANCIAL STATEMENTS:
Condensed Consolidated Balance Sheets (unaudited)		1
Condensed Consolidated Statements of Operations and Comprehensive Income (unaudited).		2
Condensed Consolidated Statements of Cash Flows (unaudited)		3
Notes to Condensed Consolidated Financial Statements (unaudited)		4

The New York State Insurance Department recognizes only statutory accounting practices for determining and reporting the financial condition and results of operations of an insurance company, for determining its solvency under the New York Insurance Law, and for determining whether its financial condition warrants the payment of a dividend to its stockholders. No consideration is given by the New York State Insurance Department to financial statements prepared in accordance with accounting principles generally accepted in the United States of America in making such determinations.

FINANCIAL SECURITY ASSURANCE INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)
(in thousands, except share data)

	March 31, 2006		December 31, 2005
ASSETS
Bonds at fair value (amortized cost of $4,146,335 and $4,208,011)	$	4,263,756		$	4,370,469
Equity securities at fair value (cost of $54,392 and $54,370)	54,404			54,370
Short-term investments	81,154			133,283
Variable interest entities’ bonds at fair value (amortized cost of $1,154,963 and $1,155,832)	1,155,519			1,155,992
Variable interest entities’ guaranteed investments contracts at fair value (amortized cost approximates fair value)	977,424			1,021,791
Variable interest entities’ short-term investment portfolio	2,545			2,674
Total investment portfolio	6,534,802			6,738,579
Assets acquired in refinancing transactions:
Bonds at fair value (amortized cost of $49,234 and $52,840)	48,920			55,396
Securitized loans	284,242			296,965
Other	75,853			115,512
Total assets acquired in refinancing transactions	409,015			467,873
Total investments	6,943,817			7,206,452
Cash	41,896			10,376
Deferred acquisition costs	342,795			335,129
Prepaid reinsurance premiums	867,972			865,192
Reinsurance recoverable on unpaid losses	35,008			36,339
Other assets	1,176,894			1,162,562
TOTAL ASSETS	$	9,408,382		$	9,616,050
LIABILITIES AND MINORITY INTEREST AND SHAREHOLDER’S EQUITY
Deferred premium revenue	$	2,377,547		$	2,380,600
Losses and loss adjustment expenses	206,414			205,718
Variable interest entities’ debt	2,684,408			2,708,773
Deferred federal income taxes	242,044			238,342
Notes payable to affiliate	404,897			463,575
Surplus notes	108,850			108,850
Minority interest	201,674			254,123
Accrued expenses and other liabilities	241,787			353,643
TOTAL LIABILITIES AND MINORITY INTEREST	6,467,621			6,713,624
COMMITMENTS AND CONTINGENCIES
Preferred stock (5,000.1 and 0 shares authorized; 0 shared issued and outstanding; par value of $1,000 per share)
Common stock (400 shares authorized; issued and outstanding; par value of $37,500 per share)	15,000			15,000
Additional paid-in capital—common	844,626			841,828
Accumulated other comprehensive income (net of deferred income taxes of $41,659 and $58,198)	76,730			108,082
Accumulated earnings	2,004,405			1,937,516
TOTAL SHAREHOLDER’S EQUITY	2,940,761			2,902,426
TOTAL LIABILITIES AND MINORITY INTEREST AND SHAREHOLDER’S EQUITY	$	9,408,382		$	9,616,050

The accompanying Notes to Condensed Consolidated Financial Statements
are an integral part of these statements.

FINANCIAL SECURITY ASSURANCE INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE INCOME (unaudited)
(in thousands)

	Three Months Ended March 31,
	2006				2005
REVENUES:
Net premiums written		$	96,560			$	115,084
Net premiums earned		$	102,484			$	100,463
Net investment income		52,402				49,163
Net realized gains (losses)		(878		)		(865		)
Variable interest entities’ interest income		31,615				21,923
Net realized and unrealized gains (losses) on derivative instruments		6,616				(51,339		)
Income from assets acquired in refinancing transactions		6,977				10,188
Net realized gains from assets acquired in refinancing transactions		675				5,433
Other income		1,285				196
TOTAL REVENUES		201,176				135,162
EXPENSES:
Losses and loss adjustment expenses