|TROPIC CDO III LTD. - Class A-4B Fixed-Floating Rate Notes due July 2034|
|Debt Security Programme||Debt Security Non-Programme||Debt Security Tranche||Debt Security Document|
|Series||Class A-4B Fixed-Floating Rate Notes due July 2034|
|Interest Payment Date||15/07/2005|
Note: GEM is a market for debt and derivative securities which is operated and regulated by the Irish Stock Exchange.