Release of Payment Report and Waterfall Report - March 07 IPD Southern Pacific Securities 2005-1

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Release of Payment Report and Waterfall Report - March 07 IPD Southern Pacific Securities 2005-1

    The Issuer Southern Pacific Securities 2005-1 plc will be shortly
making available the Payment Report and Waterfall Report for the
period ending in March 07 IPD at www.ctslink.com.

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