<?xml version="1.0" encoding="UTF-8"?>
<FpML xmlns="http://www.fpml.org/2010/FpML-4-9" xmlns:fpml="http://www.fpml.org/2010/FpML-4-9" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" version="4-9" xsi:type="ContractChanged" xsi:schemaLocation="http://www.fpml.org/2010/FpML-4-9 ../../fpml-main-4-9.xsd http://www.w3.org/2000/09/xmldsig# ../../xmldsig-core-schema.xsd">
   <header>
      <conversationId conversationIdScheme="http://www.imgr.com/schemes/conversation-id">001</conversationId>
      <messageId messageIdScheme="http://www.imgr.com/schemes/message-id">CDX04013-0706214110309789</messageId>
      <sentBy>IMGRUS6S</sentBy>
      <sendTo>CUSTUS3T</sendTo>
      <creationTimestamp>2007-06-14T11:03:09.000-08:00</creationTimestamp>
   </header>
   <change>
      <contract>
         <header>
            <identifier>
               <partyReference href="party1"/>
               <versionedContractId>
                  <contractId contractIdScheme="http://www.swift.com/coding-scheme/contract-id">CONTR2345</contractId>
                  <version>1</version>
               </versionedContractId>
               <versionedContractId>
                  <contractId contractIdScheme="http://www.imgr.com/schemes/contract-id">CONTR2345</contractId>
                  <version>1</version>
               </versionedContractId>
            </identifier>
            <contractDate>2007-03-21-08:00</contractDate>
         </header>
         <creditDefaultSwap>
            <productType>CDX</productType>
            <generalTerms>
               <effectiveDate>
                  <unadjustedDate>2007-03-22-08:00</unadjustedDate>
                  <dateAdjustments>
                     <businessDayConvention>FOLLOWING</businessDayConvention>
                     <businessCenters>
                        <businessCenter>USNY</businessCenter>
                     </businessCenters>
                  </dateAdjustments>
               </effectiveDate>
               <scheduledTerminationDate>
                  <adjustableDate>
                     <unadjustedDate>2012-06-20-08:00</unadjustedDate>
                     <dateAdjustments>
                        <businessDayConvention>FOLLOWING</businessDayConvention>
                        <businessCenters>
                           <businessCenter>USNY</businessCenter>
                        </businessCenters>
                     </dateAdjustments>
                  </adjustableDate>
               </scheduledTerminationDate>
               <sellerPartyReference href="party2"/>
               <buyerPartyReference href="party1"/>
               <indexReferenceInformation>
                  <indexName>CDX-NAIGHVOLS10.5Y</indexName>
                  <indexId indexIdScheme="http://www.fpml.com/spec/2003/instrument-id-RED-1-0">2I65B3BA0</indexId>
                  <indexSeries>10</indexSeries>
                  <indexAnnexVersion>2</indexAnnexVersion>
                  <indexAnnexDate>2007-03-06-08:00</indexAnnexDate>
                  <excludedReferenceEntity>
                     <entityId entityIdScheme="http://www.fpml.com/spec/2003/instrument-id-RED-1-0"/>
                  </excludedReferenceEntity>
               </indexReferenceInformation>
            </generalTerms>
            <feeLeg>
               <periodicPayment>
                  <paymentFrequency>
                     <periodMultiplier>3</periodMultiplier>
                     <period>M</period>
                  </paymentFrequency>
                  <firstPaymentDate>2007-06-20-08:00</firstPaymentDate>
                  <rollConvention>20</rollConvention>
                  <fixedAmountCalculation>
                     <fixedRate>0.023</fixedRate>
                     <dayCountFraction>ACT/360</dayCountFraction>
                  </fixedAmountCalculation>
               </periodicPayment>
            </feeLeg>
            <protectionTerms>
               <calculationAmount id="calculationAmount">
                  <currency>USD</currency>
                  <amount>3000000.00000</amount>
               </calculationAmount>
               <creditEvents>
                  <restructuring/>
               </creditEvents>
            </protectionTerms>
         </creditDefaultSwap>
         <documentation>
            <masterConfirmation>
               <masterConfirmationType>2003CreditIndex</masterConfirmationType>
               <masterConfirmationDate>2003-06-06-08:00</masterConfirmationDate>
            </masterConfirmation>
         </documentation>
      </contract>
      <effectiveDate>2007-06-15-08:00</effectiveDate>
      <indexChange>
         <indexFactor>0.99</indexFactor>
         <factoredCalculationAmount>
            <currency>USD</currency>
            <amount>2970000.00000</amount>
         </factoredCalculationAmount>
      </indexChange>
      <payment>
         <payerPartyReference href="party2"/>
         <receiverPartyReference href="party1"/>
         <paymentAmount>
            <currency>USD</currency>
            <amount>28520.00</amount>
         </paymentAmount>
         <adjustedPaymentDate>2007-06-15-08:00</adjustedPaymentDate>
         <paymentType>Credit Event</paymentType>
      </payment>
   </change>
   <party id="party1">
      <partyId>IMGRUS6S</partyId>
      <partyName>INVEST MGR</partyName>
      <account id="_FUNDACCT">
         <accountId accountIdScheme="http://www.imgr.com/schemes/account-id">FUND100</accountId>
      </account>
   </party>
   <party id="party2">
      <partyId>BROKUS33</partyId>
      <partyName>BROKER 33</partyName>
   </party>
   <party id="party3">
      <partyId>CUSTUS3T</partyId>
      <partyName>Custodian</partyName>
      <account id="_CUSTACCT">
         <accountId accountIdScheme="http://www.custodian.com/account-id">98765</accountId>
      </account>
   </party>
</FpML>