STATEMENT May 31.2005 Government & Agency Obligations DESDPICTION ACC. S17/ECLCUSP 1-1q PEACE 'TAPPET VALLE ACCRUED MEREST ESTEEMED ANNUAL NCOEIE WRIT VELD O41 GOVERNMENT NATIONAL MTG ASSN MRGN 14.795.046 5.5884 826.803 16.191 582,925 70.5035 SERIES 2004-035 CUSS SP DATED DATE 05121