BANC ONE CORPORATION Licenses the STARS Visual Structuring System™

STARS VST™ will facilitate modeling complex ABS and MBS Deals

For Immediate Release

Contact:
Paul Arvidson
Lewtan Technologies, Inc®
781-672-1216
parvidson@lewtan.com
www.lewtan.com

February 2, 1996, Waltham, MA - Lewtan Technologies ("Lewtan"), the leading provider of software, data and analytics to the global securitization industry, today jointly announced that BANC ONE CORPORATION, of Columbus, Ohio, has licensed Lewtan’s STARS Visual Structuring System, a revolutionary new software solution for structuring asset-backed and mortgage-backed securities. More than just a software application, STARS VST is a robust modeling environment that balances rich functionality with unlimited flexibility. STARS VST is an object-oriented solution for conceptualizing, modeling, stress testing, communicating and reverse engineering asset-backed and mortgage-backed securities.

BANC ONE CORPORATION chose STARS VST to support and enhance its securitization program because it delivers flexible and powerful modeling capabilities with a visually intuitive interface. Stuart Lewtan, President of Lewtan Technologies, Inc., added, "STARS VST visually combines the conceptualization and modeling stages of structuring a deal into one fast and efficient step. As one of the fastest growing, and most technologically progressive banks in the U.S., we are pleased that BANC ONE CORPORATION will benefit from this streamlined process both as an issuer and as an underwriter."

With STARS VST, even the most complex structure can be designed quickly. By simply dragging pre-defined objects (such as tranches, cashflows, and triggers) into the workspace, drawing lines to connect the objects (the lines represent cash or information flows), the results are immediately visible in user-defined graphs and tables. STARS VST comes complete with pre-defined securitization objects and also provides a multitude of reverse engineered deals, which are indicative of the most recent structuring trends and are the starting point for engineering new deals. For the power-user, STARS VST offers a comprehensive visual development environment for building customized securitization objects.

"We are very excited to have found such a powerful set of tools to support our securitization effort. The STARS VST product will provide us with reusable deals and objects which will allow us to create a financial model much faster than our current spreadsheet program. We anticipate that STARS VST will facilitate all aspects of creating and tracking deals" added Jeffrey B. Upperman, Manager, Structured Finance, Banc One Funds Management Company.

STARS VST joins the suite of other STARS products. The STARS family includes Lewtan’s Flagship product, the STARS ABS System, a complete solution for performing all investor reporting and accounting for servicing asset-backed transactions. The STARS Collateral Analysis System is a comprehensive solution for performing pool selection and cash flow modeling for any asset-backed transaction. The STARS Conduit Management System provides the up-front analysis, decision support, ongoing monitoring, and accounting functionality needed to launch and run a successful and profitable multi-asset, multi-currency, asset-backed conduit.

STARS VST, with many pricing options, is available directly from Lewtan Technologies. Standard packages are available for multi-site or multi-users and include a host of pre-modeled deals. Options include a quarterly subscription service which will provide updated reverse-engineered deals.

About Banc One Corporation

BANC ONE CORPORATION had assets of $90.5 billion and common equity of $7.9 billion at December 31, 1995. BANC ONE CORPORATION now operates 59 banks with 1,558 offices in Arizona, Colorado, Illinois, Indiana, Kentucky, Louisiana, Ohio, Oklahoma, Texas, Utah, West Virginia and Wisconsin. BANC ONE CORPORATION also owns several additional corporations that engage in data processing, venture capital, investment and merchant banking, trust, brokerage, credit card and merchant processing, investment management, equipment leasing, mortgage banking, consumer finance and insurance.

About Lewtan Technologies, Inc.

Lewtan Technologies, Inc.® is the leading provider of software, data and analytics to the global securitization industry. Founded in 1986, Lewtan serves over 200 securitization customers worldwide. In 1999, Lewtan, working with an industry consortium including Standard "&" Poor's, Fitch, Bank One and others, launched ABSNet (www.absnet.net). ABSNet is now the leading Internet source of structured finance news, data, research and analytics, with over 7,000 users in more than 50 countries. Lewtan offers industry participants "Powered by ABSNet" solutions that leverage ABSNet's web infrastructure, database and user base. Solutions benefit issuers, CDO collateral managers, dealers, investors, credit enhancers, trustees, rating agencies and asset-backed CP conduit sponsors.