Exhibit 31.1

                                  CERTIFICATION

I, Nicholas D. Tally, Vice President of Wells Fargo Bank, National Association,
the trustee of JMXI Liquidating Trust (the "Liquidating Trust"), certify that:

1.       I have reviewed this Annual Report on Form 10-K of the Liquidating
Trust;

2.       Based on my knowledge, this 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 report;

3.       Based on my knowledge, the financial statements, and other financial
information included in this report, fairly present in all material respects the
financial condition, changes in financial condition and cash flows of the
Liquidating Trust for the period presented in this report;

4.       I am responsible for establishing and maintaining disclosure controls
and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for
the Liquidating Trust and have:

         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
         Liquidating Trust, including its consolidated subsidiaries, is made
         known to us by others within those entities, particularly during the
         period in which this report is being prepared;

         b.         Evaluated the effectiveness of the Liquidating Trust'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 report based on
         such evaluation; and

         c.         Disclosed in this report any change in the Liquidating
         Trust's internal control over financial reporting that occurred during
         the Liquidating Trust's most recent fiscal year that has materially
         affected, or is reasonably likely to materially affect, the Liquidating
         Trust's internal control over financial reporting.

5.       This report discloses, based on my most recent evaluation of internal
control over financial reporting:

         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 Liquidating Trust's
         ability to record, process, summarize and report financial information;
         and

         b.         Any fraud, whether or not material, that involves management
         or other employees who have a significant role in the Liquidating
         Trust's internal control over financial reporting.





Date:  March 31, 2008                           /s/ Nicholas D. Tally
                                                -------------------------------
                                                Nicholas D. Tally
                                                Vice President
                                                Wells Fargo Bank, National
                                                Association, as Trustee