65OG Argent.gf Zcn39

    Asset Backed Capital

Issue Name:                 Asset Backed Capital Ltd Series 1             
                            USD 92,000,000 Floating Rate             
                            Senior Subordinated Notes Due 2007             
ISIN Code:                  XS0074233148            
Interest Rate:              2.840000%      
Base Rate:                  2.390000%      
Interest Period:            29-Nov-04 to 28-Feb-05      
Day Count Method:           Actual/360      
Number of Days in Period:   91
Payment Date:               28-Feb-05

Denomination:       Coupon:
----------------   ----------------
   100,000.00       USD     717.89

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