Exhibit 99.1

Name and Address of
Reporting Person:               General Motors Investment Management Corporation
                                767 Fifth Avenue
                                New York, NY 10153

Issuer Name and Ticker or
Trading Symbol:                 Special Value Expansion Fund, LLC [N/A]

Date of Earliest Transaction
Required to be Reported
(Month/Day/Year):               09/30/2005




Explanation of Responses:
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(1)  This amendment to the previously filed Form 4 reflects an adjusted ending
     share balance, as well as price and amount of securities acquired. The
     total value of the transaction did not change.

(2)  GMAM Investment Funds Trust II (the "Trust"), a group trust organized for
     the benefit of certain trusts under certain employee benefit plans, holds
     the securities referred to in line 2 of table 1 (the "Securities"). The
     reporting person ("GMIMCO") has retained under the Employee Retirement
     Income Security Act of 1974, as amended, the power to direct the voting and
     disposition of the Securities although it has no pecuniary interest
     therein. General Motors Trust Company is the trustee (the "Trustee") with
     respect to the Trust. GMIMCO is serving as investment manager with respect
     to the Securities and in that capacity it has the sole power to direct the
     Trustee as to the voting and disposition of the Securities. Because of the
     Trustee's limited role in the voting and disposition of the Securities,
     beneficial ownership of the Securities by the Trustee is disclaimed. Line 1
     of Table 1 relates to GMIMCO's status as a 10% beneficial owner without
     pecuniary interest with respect to the Securities. Line 2 of Table 1
     relates to the status of the Trust on behalf of which GMIMCO is making the
     report reflected on such line as a 10% beneficial owner that may have a
     pecuniary interest in the Securities. This filing should not be deemed an
     admission that either GMIMCO or the Trust is the beneficial owner of the
     Securities.