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 ASSET BACKED SECURITIES 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


(1) The U.S. Bank Corporate Trust ABS Platform (the "Platform")  consists of the
activities  involved in the performance of servicing  functions for (i) publicly
issued  asset-backed  and mortgage backed  transactions  the securities of which
were  offered  on or  after  January  1,  2006  and (ii)  certain  asset  backed
transactions  offered  prior  to  January  1,  2006 for  which  the  Issuer  has
voluntarily elected to make Regulation AB compliant filings under the Securities
Exchange  Act of 1934,  as amended.  The Platform  does not include  transaction
comprised of the repackaging of corporate debt and/or other agency securities.


Corporate Trust ABS Platform (A)


<PAGE>


<TABLE>
<CAPTION>


                                   EXHIBIT A to Management's Assertion

------------------ ---------------------------------------------------------------------------- ----------------- ------------------
     Reference                                 Servicing Criteria                                  Applicable        Inapplicable
                                                                                                   Servicing      Servicing Criteria
                                                                                                   Criteria
------------------ ---------------------------------------------------------------------------- ----------------- ------------------
                                                 General Servicing Considerations
------------------------------------------------------------------------------------------------------------------------------------
    <S>                                              <C>                                               <C>                 <C>
1122(d)(1)(i)      Policies and procedures are instituted to monitor any  performance or other         X
                   triggers  and  events  of  default  in  accordance   with  the  transaction
                   agreements.
------------------ ---------------------------------------------------------------------------- ----------------- ------------------
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.
------------------ ---------------------------------------------------------------------------- ----------------- ------------------
1122(d)(1)(iii)    Any requirements in the transaction agreements to maintain a back-up                                    X
                   servicer for the Pool Assets are maintained.
------------------ ---------------------------------------------------------------------------- ----------------- ------------------
1122(d)(1)(iv)     A fidelity bond and errors and omissions policy is in effect on the party           X
                   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.
------------------------------------------------------------------------------------------------------------------------------------
                                                Cash Collection and Administration
------------------------------------------------------------------------------------------------------------------------------------
1122(d)(2)(i)      Payments on pool assets are deposited into the appropriate custodial bank           X
                   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.

------------------ ---------------------------------------------------------------------------- ----------------- ------------------
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.
------------------ ---------------------------------------------------------------------------- ----------------- ------------------
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.
------------------ ---------------------------------------------------------------------------- ----------------- ------------------
1122(d)(2)(iv)     The related accounts for the transaction, such as cash reserve accounts or          X
                   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.
------------------ ---------------------------------------------------------------------------- ----------------- ------------------
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.
------------------ ---------------------------------------------------------------------------- ----------------- ------------------
1122(d)(2)(vi)     Unissued checks are safeguarded so as to prevent unauthorized access.               X
------------------ ---------------------------------------------------------------------------- ----------------- ------------------
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.
------------------ ---------------------------------------------------------------------------- ----------------- ------------------


<PAGE>


------------------ ---------------------------------------------------------------------------- ----------------- ------------------
     Reference                                 Servicing Criteria                                  Applicable        Inapplicable
                                                                                                   Servicing      Servicing Criteria
                                                                                                    Criteria
------------------ ---------------------------------------------------------------------------- ----------------- ------------------
                                                Investor Remittances and Reporting
---------------------- ------------------------------------------------------------------------ ----------------- ------------------
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.
---------------------- ------------------------------------------------------------------------ ----------------- ------------------
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.
---------------------- ------------------------------------------------------------------------ ----------------- ------------------
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.
---------------------- ------------------------------------------------------------------------ ----------------- ------------------
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.
------------------------------------------------------------------------------------------------------------------------------------
                                                     Pool Asset Administration
------------------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(i)          Collateral or security on pool assets is maintained as required by the                              X
                       transaction agreements or related pool asset documents.
---------------------- ------------------------------------------------------------------------ ----------------- ------------------
1122(d)(4)(ii)         Pool assets and related documents are safeguarded as required by the                                X
                       transaction agreements.
---------------------- ------------------------------------------------------------------------ ----------------- ------------------
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.
---------------------- ------------------------------------------------------------------------ ----------------- ------------------
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.
---------------------- ------------------------------------------------------------------------ ----------------- ------------------
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.
---------------------- ------------------------------------------------------------------------ ----------------- ------------------
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.
---------------------- ------------------------------------------------------------------------ ----------------- ------------------
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.
---------------------- ------------------------------------------------------------------------ ----------------- ------------------


<PAGE>


---------------------- ------------------------------------------------------------------------ ----------------- ------------------
       Reference                                 Servicing Criteria                                Applicable         Inapplicable
                                                                                                   Servicing      Servicing Criteria
                                                                                                    Criteria
---------------------- ------------------------------------------------------------------------ ----------------- ------------------
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).
---------------------- ------------------------------------------------------------------------ ----------------- ------------------
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.
---------------------- ------------------------------------------------------------------------ ----------------- ------------------
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.
---------------------- ------------------------------------------------------------------------ ----------------- ------------------
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.
---------------------- ------------------------------------------------------------------------ ----------------- ------------------
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.
---------------------- ------------------------------------------------------------------------ ----------------- ------------------
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.
---------------------- ------------------------------------------------------------------------ ----------------- ------------------
1122(d)(4)(xiv)        Delinquencies, charge-offs and uncollectible accounts are recognized                                X
                       and recorded in accordance with the transaction agreements.
---------------------- ------------------------------------------------------------------------ ----------------- ------------------
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.
---------------------- ------------------------------------------------------------------------ ----------------- ------------------
</TABLE>


<PAGE>