BM98 Perp.trustee'a'

    PERPETUAL TRUSTEE COMPANY LIMITED

Issue:                 Perpetual Company Ltd in its Capacity as Trustee of the
                       Series 1999-1E CATS Trust
ISIN Code:             XS0099998410
Interest Rate:         2.53625%
3 Month USD LIBOR:     2.27625%
Interest Period:       15th November 2004 to the 15th February 2005
Days in Period:        92
Interest Payment Date: 15th February 2005
Interest Due:          USD 432,172.83
Pool Factor:           0.13552361361

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