IN RE NAT. COLLEGIATE STUDENT LOAN TRUSTS 2003-1

Attorney(s) appearing for the Case

Michael Hanin (Argued), Uri Itkin , Kasowitz Benson Torres, 1633 Broadway, 21st Floor, New York, NY 10019, Henry B. Brownstein , Kosowitz Ben Torres, 1399 New York Avenue, Suite 201, Washington, DC 20005, Andrew D. Cordo , Ashby & Geddes, P.A., 500 Delaware Avenue, 8th Floor, P.O. Box 1150, Wilmington, DE 19899, Counsel for Appellants, Waterfall Asset Management LLC, One William Street Capital Master Fund Ltd., OWS Credit Opportunity I LLC, OWS ABS Fund II LP, OWS COF I Master LP.

Jeffrey T. Castellano , John W. Shaw , Shaw Keller, 1105 North Market Street, I.M. Pei Building, 12th Floor, Wilmington, DE 19801, Louis Chaiten , James R. Saywell , Jones Day, 901 Lakeside Avenue, North Point, Cleveland, OH 44114, Keith Kollmeyer , Matthew Martel , (Argued), Anthony Masero , Joseph B. Sconyers , Jones Day, 100 High Street, Boston, MA 02110, Counsel for Appellant, US Bank NA, as Indenture Trustee.

Daniel L. Berger , Charles T. Caliendo , James J. Sabella , Grant & Eisenhofer, 485 Lexington Avenue, 29th Floor, New York, NY 10017, Kimberly Evans (Argued), Michael T. Manuel , Grant & Eisenhofer, 123 Justison Street, 7th Floor, Wilmington, DE 19801, Counsel for Appellees.

Before: McKEE, AMBRO, and PHIPPS, Circuit Judges.