Fri May 30                                                                                                                                                                 page    1
                                                                           MEMO ACTIVITY NOT YET RELEASED

LAST            FIRST        SSN        DETAIL     AMOUNT TERM   Desc
--------------- ------------ ---------- ------ ---------- ------ ------------------------------
Bxxxxxxx        Rxxxxxx      V00xxxxxx  FDLU     1,815.00 200702 Unsub Direct Loan        001 2
Bxxxxxx         Dxxxx        V00xxxxxx  FDLS     1,739.00 200702 Subsidized Direct Loan   001 2