October 18, 2006 -- W. R. Berkley Corporation today announced that will cause to be redeemed all outstanding 8.197% Capital Securities (CUSIP No. 084498 AB 0) of W. R. Berkley Capital Trust on December 15, 2006 at a redemption price equal to $1,000 per $1,000 liquidation amount of the capital securities, together with accrued and unpaid distributions on the capital securities to the Redemption Date. The Bank of New York will act as Paying Agent. Redemptions will be made upon the presentation and surrender of the capital securities to the Paying Agent by mail, by hand or by overnight delivery at The Bank of New York, Corporate Trust Operations, 111 Sanders Creek Parkway, East Syracuse, New York 13057. In connection with the redemption of the W. R. Berkley Capital Trust capital securities, the Company will prepay all of its outstanding $210 million 8.197% Junior Subordinated Debentures due 2045 on the Redemption Date at par plus accrued interest to the Redemption Date. The proceeds from the prepayment of the debentures will be used by W. R. Berkley Capital Trust, the sole holder of the debentures, to redeem its aforementioned capital securities.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Lehman ABS Corp., 8.125% Corporate Backed Trust Certificates, Series 2002-1, Class A-1, price to the public $10 per certificate. Underlying securities are the 8.197% Capital Securities due 12/15/2045 issued by W.R. Berkley Capital Trust. The certificates pay 8.125% ($0.8125) per annum distributions semiannually on 6/15 & 12/15 to holders of record one day prior to the payment date. Certificates are callable at the option of the call warrant holder on or after 12/15/2006 at $10 per certificate plus accrued and unpaid interest. Certificate ratings at the IPO were BBB- by S&P and Baa3 by Moody's. Lehman ABS Corp. is an indirect wholly-owned subsidiary of Lehman Brothers Inc. (NYSE: LEH). For further information on the Corporate Backed Trust Certificates, see the IPO Prospectus by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	8.13% $0.8125	$10.00 $10.00	Called for 12/15/2006 12/15/2045	Baa3 BBB- 12/29/2005	6/15 & 12/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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HOME PAGE:     http://www.lehman.com/ (This parent company URL is for reference only and does not have specific information on the security.)

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Address and Phone Numbers

Address:   200 Vesey Street, 24th Floor, New York, NY 10285
Main Phone Number	212-526-7000
Fax Number	212-526-3738
Toll Free Phone Number	800-666-2388