0001193125-05-103089 Sample Contracts

JOINT FILING AGREEMENT
Joint Filing Agreement • May 11th, 2005 • General Motors Investment Management Corp

This will confirm the agreement by and among all the undersigned that Amendment No. 7 to the Schedule 13D filed on or about this date with respect to the beneficial ownership by the undersigned of shares of common stock, par value $.01 per share, of Hyperion Collateralized Securities Fund, Inc. is being, and any and all amendments to such Schedule may be, filed on behalf of each of the undersigned. This Agreement may be executed in two or more counterparts, each of which will be deemed an original, but all of which together shall constitute one and the same instrument.

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STATE STREET BANK AND TRUST COMPANY, AS TRUSTEE FOR GMAM GROUP PENSION TRUST I STATE STREET FINANCIAL CENTER, ONE LINCOLN STREET/SFC-8, BOSTON, MA 02111-2900 May 2, 2005
Subscription Agreement • May 11th, 2005 • General Motors Investment Management Corp • New York

Re: Subscription Agreement, dated the date hereof, to purchase shares of common stock, par value $.01, of Hyperion Collateralized Securities Fund, Inc. (the “Fund”)

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