Access Leasing, through the products described below, typically acquires interests in low obsolescence
equipment under leases expiring in five years or less. The typical investment is in the range of one to ten
million dollars. Access is also active in acquiring older intermodal equipment which is placed under third
party management.

Access Leasing purchases up to 100% of the lessor's interest in the equipment subject to the existing
lease. Access typically pays cash for such equity interest and assumes any associated non-recourse debt.

In the past Access has consummated such transactions with a variety of institutional lessors,a partial list
of which includes those presently owned by JP Morgan Chase, Mellon Bank, Merrill Lynch, BankOne,
Bank of Tokyo Mitsubishi, DeutscheBank and Wells Fargo.
Access Leasing purchases call options on the residual values of leased equipement. By paying the lessor
an option premium today, Access obtains the right to either purchase the underlying equipment at the lease
expiration date for a specified strike price or, alternatively, share in the residual proceeds in excess of such
strike price. The strike price typically equals the lessor's booked residual value, which enables the lessor to
book the option premium as current income. Thus the lessor monetizes the residual upside without having
to sell the underlying lease. This effective lessor portfolio management tool was invented by Access Leasing.

In the past Access has consummated such transactions with a variety of institutional lessors, a partial list
of which includes those presently owned by Citibank, Household International, JP Morgan Chase,
Chrysler Capital, BankofAmerica and Lazard Freres.