LISTINGSUPPLEMENT $189,000,000 Class A-1 Notes $342,100,000 Class A-2 Notes $105,000,000 Class A-3 Notes $39,500,000 Class B-1 Notes $39,500,000 Class B-2 Notes Student Loan Asset-Backed Notes THE NATIONAL COLLEGIATE STUDENT LOAN TRUST 2004-1 _____________________ Reference is made to the Prospectus Supplement, dated June 7, 2004, and the Prospectus, dated May 14, 2004, relating to the notes (the “Offering Document”) attached hereto as Annex I. This listing supplement dated June 24, 2004 (the “Listing Supplement” and, together with the Offering Document, the “Listing Particulars”) should be read in conjunction with the Offering Document. Where there is any conflict between the terms of the Listing Supplement and the Offering Document, the Listing Supplement will supercede the Offering Document. Capitalised terms used in this Listing Supplement and not defined herein will have the meanings attributed them in the Offering Document. ___________________________ The date of the Listing Particulars is June 24, 2004.