|   | 1. | I have reviewed this annual report      on Form 10-K of GSC AcquisitionCompany; |
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|   | 2. | Based on my knowledge, this annual      report does not contain any untrue statement of a material fact or omit to      state a material fact necessary to make the statements made, in light of      the circumstances under which such statements were made, not misleading      with respect to the period covered by this annual      report; |
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|   | 3. | Based on my knowledge, the      financial statements, and other financial information included in this      annual report, fairly present in all material respects the financial      condition, results of operations and cash flows of the registrant as of,      and for, the periods presented in this annual    report; |
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|   | 4. | The registrant’s other certifying      officers and I are responsible for establishing and maintaining disclosure      controls and procedures (as defined in Exchange Act Rules 13a-15(e) and      15d-15(e)) for the registrant andhave: |
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|   | a) | designed such disclosure controls      and procedures, or caused such disclosure controls and procedures to be      designed under our supervision, to ensure that material information      relating to the registrant, including its consolidated subsidiaries, is      made known to us by others within those entities, particularly during the      period in which this annual report is being    prepared; |
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|   | b) | designed such internal control      over financial reporting, or caused such internal control over financial      reporting to be designed under our supervision, to provide reasonable      assurance regarding the reliability of financial reporting and the      preparation of financial statements for external purposes in accordance      with generally accepted accounting  principles; |
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|   | c) | evaluated the effectiveness of the      registrant’s disclosure controls and procedures and presented in this      report our conclusions about the effectiveness of the disclosure controls      and procedures, as of the end of the period covered by this annual report      based on such evaluation;and |
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|   | d) | disclosed in this annual report      any change in the registrant’s internal control over financial reporting      that occurred during the registrant’s most recent fiscal quarter that has      materially affected, or is reasonably likely to materially affect, the      registrant’s internal control over financial reporting;      and |
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|   | 5. | The registrant’s other certifying      officers and I have disclosed, based on our most recent evaluation of      internal control over financial reporting, to the registrant’s auditors      and the audit committee of registrant’s board of directors (or persons      performing the equivalentfunctions): |
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|   | a) | all significant deficiencies and      material weaknesses in the design or operation of internal control over      financial reporting which are reasonably likely to adversely affect the      registrant’s ability to record, process, summarize and report financial      information; and |
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|   | b) | any fraud, whether or not      material, that involves management or other employees who have a      significant role in the registrant’s internal control over financial      reporting. |
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| /s/ Peter R.      Frank                                                                    |   |
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| Peter R. FrankChief Executive Officer and      Principal Accounting and Financial  Officer |

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