Exhibit 99.1

[PriceWaterhouseCoopers Letterhead]

                                                   PriceWaterhouseCoopers LLP
                                                   PriceWaterhouseCoopers Center
                                                   300 Madison Avenue
                                                   New York NY 10017
                                                   Telephone 646 471 3000
                                                   Facsimile (813) 286 6000


                         Report of Independent Auditors


To the Board of Directors and Stockholder
of JPMorgan Chase Bank, National Association:


We have examined  management's  assertion  about JPMorgan  Chase Bank,  National
Association  (the  "Company")  compliance with the minimum  servicing  standards
identified  in the Mortgage  Bankers  Association  of America's  Uniform  Single
Attestation  Program  for  Mortgage  Bankers  ("USAP")  solely as they relate to
standard VII, Insurance Policies (the "Applicable Standard"),  as of and for the
year ended December 31, 2005 included in the accompanying  management assertion.
Management is  responsible  for the  Company's  compliance  with the  Applicable
Standard.  Our responsibility is to express an opinion on management's assertion
about the Company's compliance,  solely as it relates to the Applicable Standard
based on our examination. The Company uses subservicing organizations to perform
the servicing  obligations  subject to minimum servicing standards I-VI of USAP.
We did not examine the  Company's  compliance  with  standard  I-VI of USAP and,
accordingly, do not express an opinion theron.

Our examination was made in accordance with attestation standards established by
the  American  Institute  of  Certified  Public  Accountants  and,  accordingly,
included  examining,  on a test basis,  evidence about the Company's  compliance
with  the  Applicable  Standard  and  performing  such  other  procedures  as we
considered  necessary  in the  circumstances.  We believe  that our  examination
provides a reasonable basis for our opinion.  Our examination does not provide a
legal determination on the Company's compliance with the Applicable Standard.

In our  opinion,  management's  assertion  that the  Company  complied  with the
Applicable Standard solely as it relate to standard VII, Insurance Policies,  as
of and for the year ended  December 31, 2005 is fairly  stated,  in all material
respects.


/s/PriceWaterhouseCoopers LLP

March 13, 2006




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                                  [CHASE LOGO]



                  Management's Assertion Concerning Compliance
                      with USAP Minimum Servicing Standards


March 13, 2006


As of and for the year ended December 31, 2005,  JPMorgan  Chase Bank,  National
Association  (the  "Company")  has  complied in all material  respects  with the
minimum  servicing  standards set forth in the Mortgage  Bankers  Association of
America's  Uniform  Single  Attestation  Program for Mortgage  Bankers  ("USAP")
solely as they relate to  standard  VII,  Insurance  Policies  (the  "Applicable
Standard"). The Company uses subservicing organizations to perform the servicing
obligations subject to minimum servicing standards I-VI of USAP.

As of and for this same  period,  the  Company had in effect  fidelity  bond and
errors and omissions  policies in the amounts of  $250,000,000  and  $25,000,000
respectively.

Attached to this Management  Assertion are the independent  auditors' reports on
the subservicing  organizations' compliance with the minumum servicing standards
related to the servicing obligations performed.





/s/ Kim Greaves                             /s/ Jim Miller
-------------------------                   ------------------------------------
Kim Greaves                                 Jim Miller
Vice President                              Vice President
JPMorgan Chase Bank,                        JPMorgan Chase Bank,
National Association                        National Association

/s/ Scott Powell
-------------------------
Scott Powell
Senior Vice President
JPMorgan Chase Bank,
National Association