Results of Competitive Sales

INDIANA

Highland (Town)

Oct 16, 2008 . . . . . . $1,900,000

General Obligation Bonds of 2008 (bank qualified) (book entry).

Dated Oct 23, 2008.

Due Feb 1, 2010 to 2019.

Callable Aug 1, 2016 at par.

Winning bid: People's Bk, at n/a, NIC 4.75%.

Due Amount Cpn Yield Conc Ins
2/1/10 $190,000 4.75% NRO NRO
2/1/11 $190,000 4.75% NRO NRO
2/1/12 $190,000 4.75% NRO NRO
2/1/13 $190,000 4.75% NRO NRO
2/1/14 $190,000 4.75% NRO NRO
2/1/15 $190,000 4.75% NRO NRO
2/1/16 $190,000 4.75% NRO NRO
2/1/17 $190,000 4.75% NRO NRO
2/1/18 $190,000 4.75% NRO NRO
2/1/19 $190,000 4.75% NRO NRO

L.O.: Ice Miller, Indianapolis, IN.

F.A.: London Witte Group, Indianapolis, IN.

Other bidders were:

Silverton Bank, NIC 4.7529%

First Financial Bk, NIC 4.8%

City Securities, NIC 4.8971%

First Midwest, NIC 5.5%

Raymond James, NIC 5.9354%

NEW JERSEY

Somerdale Borough

Oct 17, 2008 . . . . . . $750,000

Bond Anticipation Notes of 2008, Series C (bank qualified).

Dated Oct 24, 2008.

Due Feb 13, 2009.

Purchased $750,000.00 by Sun National Bank, at 3.57%, effective rate 3.57%.

L.O.: Parker, McCay & Criscuolo, Marlton, NJ.

F.A.: Municipal Official(s).

Other bidders were:

TD Banknorth, N.A, Effective Rate 3.99%

SOUTH CAROLINA

Richland County School District No. 1

Oct 17, 2008 . . . . . . $6,500,000

General Obligation Bonds, Series 2008 (bank qualified) (book entry).

Dated Oct 30, 2008.

Due Mar 2, 2009.

Purchased $6,500,000.00 by Wachovia Bank, at 4.0%, plus $20,670.00, effective rate 3.0616%.

L.O.: McNair Law Firm, Columbia, SC; and Cromartie Law Firm, Columbia, SC.

F.A.: Public Financial Management, Inc., Atlanta, GA.

Other bidders were:

Morgan Stanley, Effective Rate 4.2551%

Morgan Stanley, Effective Rate 4.375%

Janney Montgomery, Effective Rate 4.4882%

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Competitive sales results
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