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:              3.340000%      
Base Rate:                  2.890000%      
Interest Period:            28-Feb-05 to 31-May-05      
Day Count Method:           Actual/360      
Number of Days in Period:   92
Payment Date:               31-May-05

Denomination:       Coupon:
----------------   ----------------
   100,000.00       USD     853.56

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