<?xml version="1.0" encoding="UTF-8"?><!--
  == Copyright (c) 2002-2010. All rights reserved.
  == Financial Products Markup Language is subject to the FpML public license.
  == A copy of this license is available at http://www.fpml.org/license/license.html
  --><!--
  Compounding and averaging interest rate swap with relative effective dates and
  relative termination dates.

  Effective dates equal the trade date plus two London business days. The resulting date
  is adjusted using the London and New York calendars and the modified following rule.

  Termination dates equal the effective date plus two years. The resulting date
  is adjusted using the London and  New York calendars and the modified following rule.
-->
<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="DataDocument" 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">
   <trade>
      <tradeHeader>
         <partyTradeIdentifier>
            <partyReference href="party1"/>
            <tradeId tradeIdScheme="http://xml.morganstanley.com/fid/ird/msTradeIdScheme/swapName">martin</tradeId>
         </partyTradeIdentifier>
         <partyTradeIdentifier>
            <partyReference href="party2"/>
            <tradeId tradeIdScheme="http://xml.morganstanley.com/fid/ird/counterpartyTradeIdScheme"/>
         </partyTradeIdentifier>
         <tradeDate id="tradeDate">2005-07-31Z</tradeDate>
      </tradeHeader>
      <swap>
         <productType>swap</productType>
         <swapStream id="swapStream_0_0">
            <payerPartyReference href="party1"/>
            <receiverPartyReference href="party2"/>
            <calculationPeriodDates id="calculationPeriodDates_0_0">
               <relativeEffectiveDate id="effectiveDate_0_0">
                  <periodMultiplier>2</periodMultiplier>
                  <period>D</period>
                  <dayType>Business</dayType>
                  <businessDayConvention>NONE</businessDayConvention>
                  <businessCenters>
                     <businessCenter>GBLO</businessCenter>
                  </businessCenters>
                  <dateRelativeTo href="tradeDate"/>
                  <relativeDateAdjustments>
                     <businessDayConvention>MODFOLLOWING</businessDayConvention>
                     <businessCenters>
                        <businessCenter>GBLO</businessCenter>
                        <businessCenter>USNY</businessCenter>
                     </businessCenters>
                  </relativeDateAdjustments>
               </relativeEffectiveDate>
               <relativeTerminationDate id="terminationDate_0_0">
                  <periodMultiplier>2</periodMultiplier>
                  <period>Y</period>
                  <businessDayConvention>MODFOLLOWING</businessDayConvention>
                  <businessCenters>
                     <businessCenter>GBLO</businessCenter>
                     <businessCenter>USNY</businessCenter>
                  </businessCenters>
                  <dateRelativeTo href="effectiveDate_0_0"/>
               </relativeTerminationDate>
               <calculationPeriodDatesAdjustments>
                  <businessDayConvention>MODFOLLOWING</businessDayConvention>
                  <businessCenters>
                     <businessCenter>GBLO</businessCenter>
                     <businessCenter>USNY</businessCenter>
                  </businessCenters>
               </calculationPeriodDatesAdjustments>
               <calculationPeriodFrequency>
                  <periodMultiplier>6</periodMultiplier>
                  <period>M</period>
                  <rollConvention>EOM</rollConvention>
               </calculationPeriodFrequency>
            </calculationPeriodDates>
            <paymentDates>
               <calculationPeriodDatesReference href="calculationPeriodDates_0_0"/>
               <paymentFrequency>
                  <periodMultiplier>6</periodMultiplier>
                  <period>M</period>
               </paymentFrequency>
               <payRelativeTo>CalculationPeriodEndDate</payRelativeTo>
               <paymentDatesAdjustments>
                  <businessDayConvention>MODFOLLOWING</businessDayConvention>
                  <businessCenters>
                     <businessCenter>GBLO</businessCenter>
                     <businessCenter>USNY</businessCenter>
                  </businessCenters>
               </paymentDatesAdjustments>
            </paymentDates>
            <calculationPeriodAmount>
               <calculation>
                  <notionalSchedule id="notionalSchedule_0_0">
                     <notionalStepSchedule>
                        <initialValue>100000000</initialValue>
                        <currency>USD</currency>
                     </notionalStepSchedule>
                  </notionalSchedule>
                  <fixedRateSchedule>
                     <initialValue>0.0003</initialValue>
                  </fixedRateSchedule>
                  <dayCountFraction>30/360</dayCountFraction>
               </calculation>
            </calculationPeriodAmount>
            <principalExchanges>
               <initialExchange>false</initialExchange>
               <finalExchange>false</finalExchange>
               <intermediateExchange>false</intermediateExchange>
            </principalExchanges>
            <cashflows>
               <cashflowsMatchParameters>false</cashflowsMatchParameters>
               <paymentCalculationPeriod id="paymentCalculationPeriod_0_0_1">
                  <adjustedPaymentDate>2006-02-06Z</adjustedPaymentDate>
                  <calculationPeriod id="calculationPeriod_0_0_1">
                     <adjustedStartDate>2005-08-04Z</adjustedStartDate>
                     <adjustedEndDate>2006-02-06Z</adjustedEndDate>
                     <calculationPeriodNumberOfDays>182</calculationPeriodNumberOfDays>
                     <notionalAmount>100000000</notionalAmount>
                     <fixedRate>0.0003</fixedRate>
                  </calculationPeriod>
               </paymentCalculationPeriod>
               <paymentCalculationPeriod id="paymentCalculationPeriod_0_0_2">
                  <adjustedPaymentDate>2006-08-04Z</adjustedPaymentDate>
                  <calculationPeriod id="calculationPeriod_0_0_2">
                     <adjustedStartDate>2006-02-06Z</adjustedStartDate>
                     <adjustedEndDate>2006-08-04Z</adjustedEndDate>
                     <calculationPeriodNumberOfDays>178</calculationPeriodNumberOfDays>
                     <notionalAmount>100000000</notionalAmount>
                     <fixedRate>0.0003</fixedRate>
                  </calculationPeriod>
               </paymentCalculationPeriod>
               <paymentCalculationPeriod id="paymentCalculationPeriod_0_0_3">
                  <adjustedPaymentDate>2007-02-05Z</adjustedPaymentDate>
                  <calculationPeriod id="calculationPeriod_0_0_3">
                     <adjustedStartDate>2006-08-04Z</adjustedStartDate>
                     <adjustedEndDate>2007-02-05Z</adjustedEndDate>
                     <calculationPeriodNumberOfDays>181</calculationPeriodNumberOfDays>
                     <notionalAmount>100000000</notionalAmount>
                     <fixedRate>0.0003</fixedRate>
                  </calculationPeriod>
               </paymentCalculationPeriod>
               <paymentCalculationPeriod id="paymentCalculationPeriod_0_0_4">
                  <adjustedPaymentDate>2007-08-06Z</adjustedPaymentDate>
                  <calculationPeriod id="calculationPeriod_0_0_4">
                     <adjustedStartDate>2007-02-05Z</adjustedStartDate>
                     <adjustedEndDate>2007-08-06Z</adjustedEndDate>
                     <calculationPeriodNumberOfDays>181</calculationPeriodNumberOfDays>
                     <notionalAmount>100000000</notionalAmount>
                     <fixedRate>0.0003</fixedRate>
                  </calculationPeriod>
               </paymentCalculationPeriod>
            </cashflows>
         </swapStream>
         <swapStream id="swapStream_0_1">
            <payerPartyReference href="party2"/>
            <receiverPartyReference href="party1"/>
            <calculationPeriodDates id="calculationPeriodDates_0_1">
               <relativeEffectiveDate id="effectiveDate_0_1">
                  <periodMultiplier>2</periodMultiplier>
                  <period>D</period>
                  <dayType>Business</dayType>
                  <businessDayConvention>NONE</businessDayConvention>
                  <businessCenters>
                     <businessCenter>GBLO</businessCenter>
                  </businessCenters>
                  <dateRelativeTo href="tradeDate"/>
                  <relativeDateAdjustments>
                     <businessDayConvention>MODFOLLOWING</businessDayConvention>
                     <businessCenters>
                        <businessCenter>GBLO</businessCenter>
                        <businessCenter>USNY</businessCenter>
                     </businessCenters>
                  </relativeDateAdjustments>
               </relativeEffectiveDate>
               <relativeTerminationDate id="terminationDate_0_1">
                  <periodMultiplier>2</periodMultiplier>
                  <period>Y</period>
                  <businessDayConvention>MODFOLLOWING</businessDayConvention>
                  <businessCenters>
                     <businessCenter>GBLO</businessCenter>
                     <businessCenter>USNY</businessCenter>
                  </businessCenters>
                  <dateRelativeTo href="effectiveDate_0_1"/>
               </relativeTerminationDate>
               <calculationPeriodDatesAdjustments>
                  <businessDayConvention>MODFOLLOWING</businessDayConvention>
                  <businessCenters>
                     <businessCenter>GBLO</businessCenter>
                     <businessCenter>USNY</businessCenter>
                  </businessCenters>
               </calculationPeriodDatesAdjustments>
               <calculationPeriodFrequency>
                  <periodMultiplier>3</periodMultiplier>
                  <period>M</period>
                  <rollConvention>EOM</rollConvention>
               </calculationPeriodFrequency>
            </calculationPeriodDates>
            <paymentDates>
               <calculationPeriodDatesReference href="calculationPeriodDates_0_1"/>
               <paymentFrequency>
                  <periodMultiplier>6</periodMultiplier>
                  <period>M</period>
               </paymentFrequency>
               <payRelativeTo>CalculationPeriodEndDate</payRelativeTo>
               <paymentDatesAdjustments>
                  <businessDayConvention>MODFOLLOWING</businessDayConvention>
                  <businessCenters>
                     <businessCenter>GBLO</businessCenter>
                     <businessCenter>USNY</businessCenter>
                  </businessCenters>
               </paymentDatesAdjustments>
            </paymentDates>
            <resetDates id="resetDates_0_1">
               <calculationPeriodDatesReference href="calculationPeriodDates_0_1"/>
               <resetRelativeTo>CalculationPeriodStartDate</resetRelativeTo>
               <fixingDates>
                  <periodMultiplier>-2</periodMultiplier>
                  <period>D</period>
                  <dayType>Business</dayType>
                  <businessDayConvention>NONE</businessDayConvention>
                  <businessCenters>
                     <businessCenter>GBLO</businessCenter>
                  </businessCenters>
                  <dateRelativeTo href="resetDates_0_1"/>
               </fixingDates>
               <resetFrequency>
                  <periodMultiplier>1</periodMultiplier>
                  <period>M</period>
               </resetFrequency>
               <resetDatesAdjustments>
                  <businessDayConvention>MODFOLLOWING</businessDayConvention>
                  <businessCenters>
                     <businessCenter>GBLO</businessCenter>
                  </businessCenters>
               </resetDatesAdjustments>
            </resetDates>
            <calculationPeriodAmount>
               <calculation>
                  <notionalSchedule id="notionalSchedule_0_1">
                     <notionalStepSchedule>
                        <initialValue>100000000</initialValue>
                        <currency>USD</currency>
                     </notionalStepSchedule>
                  </notionalSchedule>
                  <floatingRateCalculation>
                     <floatingRateIndex>USD-LIBOR-BBA</floatingRateIndex>
                     <indexTenor>
                        <periodMultiplier>6</periodMultiplier>
                        <period>M</period>
                     </indexTenor>
                  </floatingRateCalculation>
                  <dayCountFraction>ACT/360</dayCountFraction>
                  <compoundingMethod>Straight</compoundingMethod>
               </calculation>
            </calculationPeriodAmount>
            <principalExchanges>
               <initialExchange>false</initialExchange>
               <finalExchange>false</finalExchange>
               <intermediateExchange>false</intermediateExchange>
            </principalExchanges>
            <cashflows>
               <cashflowsMatchParameters>false</cashflowsMatchParameters>
               <paymentCalculationPeriod id="paymentCalculationPeriod_0_1_1">
                  <adjustedPaymentDate>2006-02-06Z</adjustedPaymentDate>
                  <calculationPeriod id="calculationPeriod_0_1_1">
                     <adjustedStartDate>2005-08-04Z</adjustedStartDate>
                     <adjustedEndDate>2005-11-04Z</adjustedEndDate>
                     <calculationPeriodNumberOfDays>92</calculationPeriodNumberOfDays>
                     <notionalAmount>100000000</notionalAmount>
                     <floatingRateDefinition>
                        <rateObservation>
                           <adjustedFixingDate>2005-08-02Z</adjustedFixingDate>
                           <observationWeight>32</observationWeight>
                        </rateObservation>
                        <rateObservation>
                           <adjustedFixingDate>2005-09-01Z</adjustedFixingDate>
                           <observationWeight>29</observationWeight>
                        </rateObservation>
                        <rateObservation>
                           <adjustedFixingDate>2005-09-30Z</adjustedFixingDate>
                           <observationWeight>31</observationWeight>
                        </rateObservation>
                     </floatingRateDefinition>
                  </calculationPeriod>
                  <calculationPeriod id="calculationPeriod_0_1_2">
                     <adjustedStartDate>2005-11-04Z</adjustedStartDate>
                     <adjustedEndDate>2006-02-06Z</adjustedEndDate>
                     <calculationPeriodNumberOfDays>94</calculationPeriodNumberOfDays>
                     <notionalAmount>100000000</notionalAmount>
                     <floatingRateDefinition>
                        <rateObservation>
                           <adjustedFixingDate>2005-11-02Z</adjustedFixingDate>
                           <observationWeight>31</observationWeight>
                        </rateObservation>
                        <rateObservation>
                           <adjustedFixingDate>2005-12-01Z</adjustedFixingDate>
                           <observationWeight>30</observationWeight>
                        </rateObservation>
                        <rateObservation>
                           <adjustedFixingDate>2005-12-30Z</adjustedFixingDate>
                           <observationWeight>33</observationWeight>
                        </rateObservation>
                     </floatingRateDefinition>
                  </calculationPeriod>
               </paymentCalculationPeriod>
               <paymentCalculationPeriod id="paymentCalculationPeriod_0_1_3">
                  <adjustedPaymentDate>2006-08-04Z</adjustedPaymentDate>
                  <calculationPeriod id="calculationPeriod_0_1_3">
                     <adjustedStartDate>2006-02-06Z</adjustedStartDate>
                     <adjustedEndDate>2006-05-04Z</adjustedEndDate>
                     <calculationPeriodNumberOfDays>87</calculationPeriodNumberOfDays>
                     <notionalAmount>100000000</notionalAmount>
                     <floatingRateDefinition>
                        <rateObservation>
                           <adjustedFixingDate>2006-02-02Z</adjustedFixingDate>
                           <observationWeight>28</observationWeight>
                        </rateObservation>
                        <rateObservation>
                           <adjustedFixingDate>2006-03-02Z</adjustedFixingDate>
                           <observationWeight>29</observationWeight>
                        </rateObservation>
                        <rateObservation>
                           <adjustedFixingDate>2006-03-31Z</adjustedFixingDate>
                           <observationWeight>30</observationWeight>
                        </rateObservation>
                     </floatingRateDefinition>
                  </calculationPeriod>
                  <calculationPeriod id="calculationPeriod_0_1_4">
                     <adjustedStartDate>2006-05-04Z</adjustedStartDate>
                     <adjustedEndDate>2006-08-04Z</adjustedEndDate>
                     <calculationPeriodNumberOfDays>92</calculationPeriodNumberOfDays>
                     <notionalAmount>100000000</notionalAmount>
                     <floatingRateDefinition>
                        <rateObservation>
                           <adjustedFixingDate>2006-05-02Z</adjustedFixingDate>
                           <observationWeight>32</observationWeight>
                        </rateObservation>
                        <rateObservation>
                           <adjustedFixingDate>2006-06-01Z</adjustedFixingDate>
                           <observationWeight>29</observationWeight>
                        </rateObservation>
                        <rateObservation>
                           <adjustedFixingDate>2006-06-30Z</adjustedFixingDate>
                           <observationWeight>31</observationWeight>
                        </rateObservation>
                     </floatingRateDefinition>
                  </calculationPeriod>
               </paymentCalculationPeriod>
               <paymentCalculationPeriod id="paymentCalculationPeriod_0_1_5">
                  <adjustedPaymentDate>2007-02-05Z</adjustedPaymentDate>
                  <calculationPeriod id="calculationPeriod_0_1_5">
                     <adjustedStartDate>2006-08-04Z</adjustedStartDate>
                     <adjustedEndDate>2006-11-06Z</adjustedEndDate>
                     <calculationPeriodNumberOfDays>94</calculationPeriodNumberOfDays>
                     <notionalAmount>100000000</notionalAmount>
                     <floatingRateDefinition>
                        <rateObservation>
                           <adjustedFixingDate>2006-08-02Z</adjustedFixingDate>
                           <observationWeight>31</observationWeight>
                        </rateObservation>
                        <rateObservation>
                           <adjustedFixingDate>2006-08-31Z</adjustedFixingDate>
                           <observationWeight>30</observationWeight>
                        </rateObservation>
                        <rateObservation>
                           <adjustedFixingDate>2006-10-02Z</adjustedFixingDate>
                           <observationWeight>33</observationWeight>
                        </rateObservation>
                     </floatingRateDefinition>
                  </calculationPeriod>
                  <calculationPeriod id="calculationPeriod_0_1_6">
                     <adjustedStartDate>2006-11-06Z</adjustedStartDate>
                     <adjustedEndDate>2007-02-05Z</adjustedEndDate>
                     <calculationPeriodNumberOfDays>91</calculationPeriodNumberOfDays>
                     <notionalAmount>100000000</notionalAmount>
                     <floatingRateDefinition>
                        <rateObservation>
                           <adjustedFixingDate>2006-11-02Z</adjustedFixingDate>
                           <observationWeight>28</observationWeight>
                        </rateObservation>
                        <rateObservation>
                           <adjustedFixingDate>2006-11-30Z</adjustedFixingDate>
                           <observationWeight>31</observationWeight>
                        </rateObservation>
                        <rateObservation>
                           <adjustedFixingDate>2007-01-02Z</adjustedFixingDate>
                           <observationWeight>32</observationWeight>
                        </rateObservation>
                     </floatingRateDefinition>
                  </calculationPeriod>
               </paymentCalculationPeriod>
               <paymentCalculationPeriod id="paymentCalculationPeriod_0_1_7">
                  <adjustedPaymentDate>2007-08-06Z</adjustedPaymentDate>
                  <calculationPeriod id="calculationPeriod_0_1_7">
                     <adjustedStartDate>2007-02-05Z</adjustedStartDate>
                     <adjustedEndDate>2007-05-04Z</adjustedEndDate>
                     <calculationPeriodNumberOfDays>88</calculationPeriodNumberOfDays>
                     <notionalAmount>100000000</notionalAmount>
                     <floatingRateDefinition>
                        <rateObservation>
                           <adjustedFixingDate>2007-02-01Z</adjustedFixingDate>
                           <observationWeight>28</observationWeight>
                        </rateObservation>
                        <rateObservation>
                           <adjustedFixingDate>2007-03-01Z</adjustedFixingDate>
                           <observationWeight>30</observationWeight>
                        </rateObservation>
                        <rateObservation>
                           <adjustedFixingDate>2007-04-02Z</adjustedFixingDate>
                           <observationWeight>30</observationWeight>
                        </rateObservation>
                     </floatingRateDefinition>
                  </calculationPeriod>
                  <calculationPeriod id="calculationPeriod_0_1_8">
                     <adjustedStartDate>2007-05-04Z</adjustedStartDate>
                     <adjustedEndDate>2007-08-06Z</adjustedEndDate>
                     <calculationPeriodNumberOfDays>94</calculationPeriodNumberOfDays>
                     <notionalAmount>100000000</notionalAmount>
                     <floatingRateDefinition>
                        <rateObservation>
                           <adjustedFixingDate>2007-05-02Z</adjustedFixingDate>
                           <observationWeight>31</observationWeight>
                        </rateObservation>
                        <rateObservation>
                           <adjustedFixingDate>2007-05-31Z</adjustedFixingDate>
                           <observationWeight>30</observationWeight>
                        </rateObservation>
                        <rateObservation>
                           <adjustedFixingDate>2007-07-02Z</adjustedFixingDate>
                           <observationWeight>33</observationWeight>
                        </rateObservation>
                     </floatingRateDefinition>
                  </calculationPeriod>
               </paymentCalculationPeriod>
            </cashflows>
         </swapStream>
      </swap>
   </trade>
   <party id="party1">
      <partyId>0103</partyId>
      <partyName>MarketProducts</partyName>
   </party>
   <party id="party2">
      <partyId>0617mpm24</partyId>
   </party>
</FpML>