J.P. Morgan Securities Inc. puttable tax-exempt receipts series 1567, relating to Illinois Development Finance Authority retirement housing revenue bonds (Regency Park at Lincolnwood Project), 1991 series B are rated 'AAA/A-1+' and 'AAA', respectively. The long-term component of the rating is based on the 'AAA' rated Illinois Development Finance Authority retirement housing revenue bonds (Regency Park at Lincolnwood Project), 1991 series B. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. scheduled to expire on Nov. 15, 2007. The receipt holders' ability to receive the purchase price from the liquidity provider may terminate without notice under certain conditions set forth in the documents. The short-term portion of the rating does not apply
