USACM DIRECT LENDER ACCOUNT STATEMENTS MAILED JULY 10; FUND MEMBER STATEMENTS MAILED JULY 11

• View a Sample Direct Lender Account Statement
• View a Direct Lender Netted Amount Loan Summary
• View the Explanatory Notes for Direct Lender Account Statement
• View a Sample Fund Member Account Statement
• USACM Motion to Distribute Funds (PDF)
• Frequently-Asked Questions
• Who to Contact With Questions or for More Information
• Feedback Form (complete online or download and mail it)

USACM mailed new account statements for all Direct Lenders on July 10, and account statements for Fund members on July 11. BMC Group produced the mailing. The statements provide Lenders with their position for each loan and/or Fund in which they've invested for the period through April 12, 2006.

Separate statements will be mailed for individual trust deed loans as well as the USA Capital Diversified Trust Deed Fund and the USA Capital First Trust Deed Fund ("Funds"). This means many Lenders will receive several envelopes, each containing a statement for a different loan.

The next step for the Mesirow team and Chief Restructuring Officer Tom Allison is to produce and mail Lender a ccount statements for the period beginning with the Chapter 11 filing date of April 13, 2006 through June 30, 2006, and then to produce and mail statements on a monthly basis, thereafter. The statements for the period ended June 30, 2006 will be produced and mailed on or about July 14, 2006.

On July 10, USACM announced it had filed a motion with the court requesting authorization to distribute certain funds held in USACM's collection account to direct lenders, and authorizing the Funds to further distribute certain funds to their respective Fund members.
Click here for the complete motion.

In the space below, we have published sample copies of the statements and the explanatory notes that Lenders can expect to see showing up in the mailboxes beginning July 11, 2006, as well as answers to Frequently Asked Questions we expect some people to have.

Lastly, we have provided information about who to contact if you have other questions.

VIEW A SAMPLE DIRECT LENDER ACCOUNT STATEMENT
	The new Direct Lender account statements will have a different format from previous USACM statements be cause they were produced by Mesirow and mailed by BMC Group using the findings of Mesirow's 90-day account reconciliation efforts. Click here or on the thumbnail image (left) to view a sample statement.

VIEW A SAMPLE DIRECT LENDER NETTED AMOUNT LOAN SUMMARY
	This is a sample Loan Summary for a particular Direct Lender invested in three different loans under a single vesting name and account number. The amounts from Line 12 of the Direct Lender Statement have been netted together. Click here or on the thumbnail image (left) to view a sample statement.

VIEW THE EXPLANATORY NOTE
	USACM has prepared a letter explaining each part of the new Direct Lender account statements for the period January 15, 2005 through April 12, 2006. Click here or on the thumbnail image (left) to view the Explanatory Note.

VIEW A SAMPLE FUND MEMBER STATEMENT
	The new account statements for Fund members will have a different format from previous USACM statements because they were produced by Mesirow and mailed by BMC Group using the findings of Mesirow's 90-day account reconciliation efforts. Click here or on the thumbnail image (left) to view a sample statement.

FREQUENTLY-ASKED QUESTIONS ABOUT THE INVESTOR STATEMENTS

I disagree with the amounts shown for me in one or more of my statements. What do I do?
We have made an extraordinary effort to be 100% accurate in our loan-by-loan and account-by-account reconciliation, but we recognize there may be lenders whose records don't match our statements. We have provided a form on our website that can be filled out and submitted online, or downloaded and mailed to us, that is to be used to send us your concerns. Click here for Feedback Form.

Why did it take so long for these statements to be produced and mailed out?
Mesirow and USACM said soon after it filed Chapter 11 that it needed 90 days to conduct a loan-by-loan and investor account-by-account analysis and reconciliation. That deadline was met.

When will I get a new statement about the current status of my account?
The statements mailed July 10 cover the relevant pre-petition period. USACM expects to produce and mail statements for the period ended June 30, 2006 on or about July 14, 2006.

When will I start getting paid again?
USACM filed a motion to distribute funds to be heard at the August 4, 2006 hearing. The company will be prepared to resume appropriate payments to investors promptly, subject to court approval.

Will I be getting statements monthly?
It is our intention to do so, subject to court approval.

Who can help me understand what this statement means?
We have provided an Explanatory Note to address the main issues in understanding the new Direct Lender account statement. If you need further assistance, please contact BMC Group by email or telephone at the contact information below.

WHO TO CONTACT WITH QUESTIONS OR FOR MORE INFORMATION

We anticipate some people may have questions about these new statements, or want help in understanding them better. Due to the volume of inquiries we receive, the staff at USACM is not able to handle calls or emails from investors regarding their statements and we have retained BMC Group the handle them. USACM has created a Feedback Form that can be completed and submitted online, or downloaded and sent to USACM via Mail. Below are your options:

• FEEDBACK FORM: Complete the Online Form (click here), or download and mail the form. (download).
• BMC GROUP CALL CENTER: Send an email or contact by telephone a representative in the BMC G roup Call Center.
• EMAIL: Click here to send an email to BMC Group.
• CALL: (888) 909-0100 Toll-free
  (Hours of operation: Mon-Fri 7:30am-7pm ET, 7:30am-7pm CT; 7:30am-5pm MT; 7:30am-5pm PT).