Class E of GMAC Commercial Mortgage Securities Inc. variable-rate mortgage pass-through certificates, series 2000-FL-A, has been downgraded from Aaa to Aa1 by Moody's Investors Service and placed on review for further possible downgrade.Class E is insured by American International Specialty Lines Insurance Co., whose insurance financial strength rating was recently downgraded by Moody's from Aaa to Aa1. The rating action followed AIG's announcement on March 30 that it would delay the filing of its 2004 Form 10-K with the Securities and Exchange Commission in order to complete an extensive financial review. In placing the class E rating on review for possible further downgrade, Moody's cited continuing uncertainty about AIG concerning the scope of regulatory investigations, internal reviews, and financial restatements or adjustments. The rating agency can be found online at http://www.moodys.com.

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