CERTIFICATION BY PRESIDENT

I, Pamela J. Moret, certify that:

1. I have reviewed this report on Form N-CSR of Thrivent Financial
   Securities Lending Trust;

2. Based on my knowledge, this report does not contain any untrue
   statement of a material fact or omit to state a material fact
   necessary to make the statements made, in light of the
   circumstances under which such statements were made, not
   misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other
   financial information included in this report, fairly present in
   all material respects the financial condition, results of
   operations, changes in net assets, and cash flows (if the
   financial statements are required to include a statement of cash
   flows) of the registrant as of, and for, the periods presented in
   this report;

4. The registrant's other certifying officer(s) and I are responsible
   for establishing and maintaining disclosure controls and
   procedures (as defined in Rule 30a-3(c) under the Investment
   Company Act of 1940) and internal control over financial reporting
   (as defined in Rule 30a-3(d) under the Investment Company Act of
   1940) for the registrant and have:

   a) Designed such disclosure controls and procedures, or caused such
      disclosure controls and procedures to be designed under our
      supervision, to ensure that material information relating to the
      registrant, including its consolidated subsidiaries, is made known
      to us by others within those entities, particularly during the
      period in which this report is being prepared;

   b) Designed such internal control over financial reporting, or caused
      such internal control over financial reporting to be designed
      under our supervision, to provide reasonable assurance regarding
      the reliability of financial reporting and the preparation of
      financial statements for external purposes in accordance with
      generally accepted accounting principles;

   c) Evaluated the effectiveness of the registrant's disclosure controls
      and procedures and presented in this report our conclusions about
      the effectiveness of the disclosure controls and procedures, as of
      a date within 90 days prior to the filing date of this report
      based on such evaluation; and

   d) Disclosed in this report any change in the registrant's internal
      control over financial reporting that occurred during the
      registrant's most recent fiscal half-year (the registrant's second
      fiscal half-year in the case of an annual report) that has
      materially affected, or is reasonably likely to materially affect,
      the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed
   to registrant's auditors and the audit committee of the
   registrant's board of directors (or persons performing the
   equivalent functions):

   a) All significant deficiencies and material weaknesses in the design
      or operation of internal controls over financial reporting which
      are reasonably likely to adversely affect the registrant's ability
      to record, process, summarize, and report financial information;
      and

   b) Any fraud, whether or not material, that involves management or
      other employees who have a significant role in the registrant's
      internal control over financial reporting.

January 7, 2005                                    /s/ Pamela J. Moret
                                                  ------------------------
                                                  Pamela J. Moret
                                                  President

                      CERTIFICATION BY TREASURER

I, Randall L. Boushek, certify that:

1. I have reviewed this report on Form N-CSR of Thrivent Financial
   Securities Lending Trust;

2. Based on my knowledge, this report does not contain any untrue
   statement of a material fact or omit to state a material fact
   necessary to make the statements made, in light of the
   circumstances under which such statements were made, not
   misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other
   financial information included in this report, fairly present in
   all material respects the financial condition, results of
   operations, changes in net assets, and cash flows (if the
   financial statements are required to include a statement of cash
   flows) of the registrant as of, and for, the periods presented in
   this report;

4. The registrant's other certifying officer(s) and I are responsible
   for establishing and maintaining disclosure controls and
   procedures (as defined in Rule 30a-3(c) under the Investment
   Company Act of 1940) and internal control over financial reporting
   (as defined in Rule 30a-3(d) under the Investment Company Act of
   1940) for the registrant and have:

   a) Designed such disclosure controls and procedures, or caused such
      disclosure controls and procedures to be designed under our
      supervision, to ensure that material information relating to the
      registrant, including its consolidated subsidiaries, is made known
      to us by others within those entities, particularly during the
      period in which this report is being prepared;

   b) Designed such internal control over financial reporting, or caused
      such internal control over financial reporting to be designed
      under our supervision, to provide reasonable assurance regarding
      the reliability of financial reporting and the preparation of
      financial statements for external purposes in accordance with
      generally accepted accounting principles;

   c) Evaluated the effectiveness of the registrant's disclosure
      controls and procedures and presented in this report our
      conclusions about the effectiveness of the disclosure controls and
      procedures, as of a date within 90 days prior to the filing date
      of this report based on such evaluation; and

   d) Disclosed in this report any change in the registrant's internal
      control over financial reporting that occurred during the
      registrant's most recent fiscal half-year (the registrant's second
      fiscal half-year in the case of an annual report) that has
      materially affected, or is reasonably likely to materially affect,
      the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed
   to registrant's auditors and the audit committee of the
   registrant's board of directors (or persons performing the
   equivalent functions):

   a) All significant deficiencies and material weaknesses in the design
      or operation of internal controls over financial reporting which
      are reasonably likely to adversely affect the registrant's ability
      to record, process, summarize, and report financial information;
      and

   b) Any fraud, whether or not material, that involves management or
      other employees who have a significant role in the registrant's
      internal control over financial reporting.

January 7, 2005                                      /s/ Randall L. Boushek
                                                    ----------------------
                                                    Randall L. Boushek
                                                    Treasurer