Series 2007-1E Swan Trust



As Agent Bank, please be advised of the following rate determined on: 10-Sep-2008
Issue              � Series 2007-1E Swan Trust - Class A3
                     EUR 675,000,000.00 Mortgage Backed FRN Due Jun-2038
ISIN Number        � XS0302448690
Common Code / 144A �
 ISIN
Issue Nomin EUR    � 675,000,000.00
Period             � 12-Sep-2008 to 12-Dec-2008            Payment Date 12-Dec-2008
Number of Days     � 91
Rate               � 5.039                              Pool Factor: 0.688926757
Denomination EUR   � 100,000.00            �                      �

Amount Payable per � 877.52                �                      �
 Denomination

Bank of New York
Rate Fix Desk                              Telephone       � 44 1202 689580
Corporate Trust Services                   Facsimile       � 44 1202 689601



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