EXHIBIT 33.5


           Report on Assessment of Compliance with Servicing Criteria
                         for Year End December 31, 2006
                of U.S. Bank National Association, as Custodian



                             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*

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, 2006 and
     ending  December 31,  2006,  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, 2006 and ending December 31, 2006, 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: Executive Vice President

Date: February 26, 2007


* 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
and Exchange Act of 1934, as amended. The Platform does not include transactions
comprised of the repackaging of corporate debt and/or other agency securities.

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                     EXHIBIT A to Management's Assertion

Reg AB               Servicing Criteria
Reference

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General Servicing Considerations
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1122(d)(1)(i)        Policies and procedures  are  instituted to monitor any  performance or other   Not Applicable
                     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,
                     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            Not Applicable
                     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 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 bank       Not Applicable
                     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           Not Applicable
                     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            Not Applicable
                     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 accounts or      Not Applicable
                     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          Not Applicable
                     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.           Not Applicable
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1122(d)(2)(vii)      Reconciliations are prepared on a monthly basis for all asset-backed            Not Applicable
                     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, are      Not Applicable
                     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          Not Applicable
                     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 to the    Not Applicable
                     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 cancelled     Not Applicable
                     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
                     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
                     transaction agreements
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1122(d)(4)(iii)      Any additions, removals or substitutions to the asset pool are made,
                     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 with the     Not Applicable
                     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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1122(d)(4)(v)        The Servicer's records regarding the pool assets agree with the Servicer's      Not Applicable
                     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 assets         Not Applicable
                     (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, modifications     Not Applicable
                     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 period a       Not Applicable
                     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           Not Applicable
                     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 accounts):     Not Applicable
                     (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 payments)       Not Applicable
                     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 on         Not Applicable
                     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 business       Not Applicable
                     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 and        Not Applicable
                     recorded in accordance with the transaction agreements.
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1122(d)(4)(xv)       Any external enhancement or other support, identified in Item 1114(a)(1)        Not Applicable
                     through (3) or Item 1115 of Regulation AB, is maintained as set forth in the
                     transaction agreements.
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