Exhibit 33.1

                             Management's Assertion

  Report on Compliance with Applicable Servicing Criteria Pursuant to Item 1122
           of Regulation AB under the Securities Exchange Act of 1934


U.S. Bank National Association ("U.S. Bank") as a party participating in the
servicing function for the following transactions:

                U.S. Bank Corporate Trust Repackaging Platform(1)

hereby provides the following report on its assessment of compliance with the
servicing criteria set forth in Item 1122 of Regulation AB applicable to it and
as described on Exhibit A hereto:

      1.    U.S. Bank is responsible for assessing its compliance with the
            servicing criteria applicable to it as noted on the accompanying
            Exhibit A;

      2.    U.S. Bank used the criteria set forth in paragraph (d) of Item 1122
            of Regulation AB to assess its compliance with the applicable
            servicing criteria;

      3.    U.S. Bank's assessment of its compliance with the applicable
            servicing criteria is as of and for the period beginning on January
            1, 2007 and ending December 31, 2007, the end of the fiscal year
            covered by the Form 10-K report. U.S. Bank's participation in the
            servicing function complied in all material respects with the
            applicable servicing criteria.

      4.    Ernst & Young, a registered public accounting firm, has issued an
            attestation report on U.S. Bank's assessment of compliance with the
            applicable servicing criteria as of and for the period beginning on
            January 1, 2007 and ending December 31, 2007, the end of the fiscal
            year covered by the Form 10-K report.


                                                 U.S. BANK NATIONAL ASSOCIATION



                                                 /s/ Bryan R. Calder
                                                 ------------------------------
                                                 Name:  Bryan R. Calder
                                                 Title: President


Date:  February 12, 2008


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(1) The U.S. Bank Corporate Trust Repackaging Platform (the "Platform") consists
of the activities involved in the performance of servicing functions for
publicly issued transactions comprised of the repackaging of corporate debt
and/or other agency securities the securities of which were offered on or after
January 1, 2006. The Platform does not include asset-backed or mortgage-backed
transactions serviced by a pool of receivables or other financial assets.

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                                        EXHIBIT A to Management's Assertion
<TABLE>
<CAPTION>
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     Reference                                 Servicing Criteria                               Applicable        Inapplicable
                                                                                                 Servicing     Servicing Criteria
                                                                                                 Criteria
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<S>                  <C>                                                                        <C>            <C>
                                                 General Servicing Considerations
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1122(d)(1)(i)        Policies and procedures are instituted to monitor any performance or                               X
                     other triggers and events of default in accordance with the
                     transaction agreements.
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1122(d)(1)(ii)       If any material servicing activities are outsourced to third parties,           X
                     policies and procedures are instituted to monitor the third party's
                     performance and compliance with such servicing activities.
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1122(d)(1)(iii)      Any requirements in the transaction agreements to maintain a back-up                               X
                     servicer for the Pool Assets are maintained.
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1122(d)(1)(iv)       A fidelity bond and errors and omissions policy is in effect on the             X
                     party participating in the servicing function throughout the reporting
                     period in the amount of coverage required by and otherwise in
                     accordance with the terms of the transaction agreements.
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                                                Cash Collection and Administration
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1122(d)(2)(i)        Payments on pool assets are deposited into the appropriate custodial            X
                     bank accounts and related bank clearing accounts no more than two
                     business days following receipt, or such other number of days
                     specified in the transaction agreements.

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1122(d)(2)(ii)       Disbursements made via wire transfer on behalf of an obligor or to an           X
                     investor are made only by authorized personnel.
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1122(d)(2)(iii)      Advances of funds or guarantees regarding collections, cash flows or                               X
                     distributions, and any interest or other fees charged for such
                     advances, are made, reviewed and approved as specified in the
                     transaction agreements.
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1122(d)(2)(iv)       The related accounts for the transaction, such as cash reserve                  X
                     accounts or accounts established as a form of over collateralization,
                     are separately maintained (e.g., with respect to commingling of cash)
                     as set forth in the transaction agreements.
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1122(d)(2)(v)        Each custodial account is maintained at a federally insured depository          X
                     institution as set forth in the transaction agreements. For purposes
                     of this criterion, "federally insured depository institution" with
                     respect to a foreign financial institution means a foreign financial
                     institution that meets the requirements of Rule 13k-1(b)(1) of the
                     Securities Exchange Act.
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1122(d)(2)(vi)       Unissued checks are safeguarded so as to prevent unauthorized access.           X
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     Reference                                 Servicing Criteria                               Applicable        Inapplicable
                                                                                                 Servicing     Servicing Criteria
                                                                                                 Criteria
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1122(d)(2)(vii)
                     Reconciliations are prepared on a monthly basis for all asset-backed            X
                     securities related bank accounts, including custodial accounts and
                     related bank clearing accounts. These reconciliations are (A)
                     mathematically accurate; (B) prepared within 30 calendar days after
                     the bank statement cutoff date, or such other number of days specified
                     in the transaction agreements; (C) reviewed and approved by someone
                     other than the person who prepared the reconciliation; and (D) contain
                     explanations for reconciling items. These reconciling items are
                     resolved within 90 calendar days of their original identification, or
                     such other number of days specified in the transaction agreements.
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                                                Investor Remittances and Reporting
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1122(d)(3)(i)        Reports to investors, including those to be filed with the Commission,          X
                     are maintained in accordance with the transaction agreements and
                     applicable Commission requirements. Specifically, such reports (A) are
                     prepared in accordance with timeframes and other terms set forth in
                     the transaction agreements; (B) provide information calculated in
                     accordance with the terms specified in the transaction agreements; (C)
                     are filed with the Commission as required by its rules and
                     regulations; and (D) agree with investors' or the trustee's records as
                     to the total unpaid principal balance and number of Pool Assets
                     serviced by the Servicer.

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1122(d)(3)(ii)       Amounts due to investors are allocated and remitted in accordance with          X
                     timeframes, distribution priority and other terms set forth in the
                     transaction agreements.

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1122(d)(3)(iii)      Disbursements made to an investor are posted within two business days           X
                     to the Servicer's investor records, or such other number of days
                     specified in the transaction agreements.

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1122(d)(3)(iv)       Amounts remitted to investors per the investor reports agree with               X
                     cancelled checks, or other form of payment, or custodial bank
                     statements.
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                                                    Pool Asset Administration
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1122(d)(4)(i)        Collateral or security on pool assets is maintained as required by the                             X
                     transaction agreements or related pool asset documents.
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1122(d)(4)(ii)       Pool assets and related documents are safeguarded as required by the            X
                     transaction agreements.
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1122(d)(4)(iii)      Any additions, removals or substitutions to the asset pool are made,            X
                     reviewed and approved in accordance with any conditions or
                     requirements in the transaction agreements.
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1122(d)(4)(iv)       Payments on pool assets, including any payoffs, made in accordance              X
                     with the related pool asset documents are posted to the Servicer's
                     obligor records maintained no more than two business days after
                     receipt, or such other number of days specified in the transaction
                     agreements, and allocated to principal, interest or other items (e.g.,
                     escrow) in accordance with the related pool asset documents.
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<PAGE>

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Reference            Servicing Criteria                                                         Applicable        Inapplicable
                                                                                                 Servicing     Servicing Criteria
                                                                                                 Criteria
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1122(d)(4)(v)        The Servicer's records regarding the pool assets agree with the                 X
                     Servicer's records with respect to an obligor's unpaid principal
                     balance.
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1122(d)(4)(vi)       Changes with respect to the terms or status of an obligor's pool                                   X
                     assets (e.g., loan modifications or re-agings) are made, reviewed and
                     approved by authorized personnel in accordance with the transaction
                     agreements and related pool asset documents.
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1122(d)(4)(vii)      Loss mitigation or recovery actions (e.g., forbearance plans,                   X
                     modifications and deeds in lieu of foreclosure, foreclosures and
                     repossessions, as applicable) are initiated, conducted and concluded
                     in accordance with the timeframes or other requirements established by
                     the transaction agreements.

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1122(d)(4)(viii)     Records documenting collection efforts are maintained during the                X
                     period a pool asset is delinquent in accordance with the transaction
                     agreements. Such records are maintained on at least a monthly basis,
                     or such other period specified in the transaction agreements, and
                     describe the entity's activities in monitoring delinquent pool assets
                     including, for example, phone calls, letters and payment rescheduling
                     plans in cases where delinquency is deemed temporary (e.g., illness or
                     unemployment).

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1122(d)(4)(ix)       Adjustments to interest rates or rates of return for pool assets with                              X
                     variable rates are computed based on the related pool asset documents.
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1122(d)(4)(x)        Regarding any funds held in trust for an obligor (such as escrow                                   X
                     accounts): (A) such funds are analyzed, in accordance with the
                     obligor's pool asset documents, on at least an annual basis, or such
                     other period specified in the transaction agreements; (B) interest on
                     such funds is paid, or credited, to obligors in accordance with
                     applicable pool asset documents and state laws; and (C) such funds are
                     returned to the obligor within 30 calendar days of full repayment of
                     the related pool assets, or such other number of days specified in the
                     transaction agreements.
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1122(d)(4)(xi)       Payments made on behalf of an obligor (such as tax or insurance                                    X
                     payments) are made on or before the related penalty or expiration
                     dates, as indicated on the appropriate bills or notices for such
                     payments, provided that such support has been received by the servicer
                     at least 30 calendar days prior to these dates, or such other number
                     of days specified in the transaction agreements.
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1122(d)(4)(xii)      Any late payment penalties in connection with any payment to be made                               X
                     on behalf of an obligor are paid from the Servicer's funds and not
                     charged to the obligor, unless the late payment was due to the
                     obligor's error or omission.
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1122(d)(4)(xiii)     Disbursements made on behalf of an obligor are posted within two                                   X
                     business days to the obligor's records maintained by the servicer, or
                     such other number of days specified in the transaction agreements.
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1122(d)(4)(xiv)      Delinquencies, charge-offs and uncollectible accounts are recognized                               X
                     and recorded in accordance with the transaction agreements.
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1122(d)(4)(xv)       Any external enhancement or other support, identified in Item                                      X
                     1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as
                     set forth in the transaction agreements.
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</TABLE>