Results of Competitive Sales

INDIANA

Decatur County Community Schools

Dec 22, 2008 . . . . . . $1,229,000

Temporary Loan Warrant (bank qualified).

Dated Jan 2, 2009.

Due Dec 31, 2009.

Purchased $1,229,000.00 by Mainsource Bk, at 3.19%, effective rate 3.19%.

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

F.A.: Municipal Official(s).

Other bidders were:

Irwin Union Bk, Effective Rate 3.9%

Indiana B & T, Effective Rate 4.02%

MASSACHUSETTS

Somerville (City)

Dec 19, 2008 . . . . . . $4,400,000

Bond Anticipation Notes (new money).

Dated Dec 30, 2008.

Due Dec 18, 2009.

Purchased $4,400,000.00 by First Southwest, at 2.0%, plus $31,372.01, effective rate 1.2624%.

L.O.: Edwards Angell Palmer & Dodge, LLP, Boston, MA.

F.A.: First Southwest Company, Boston, MA.

Other bidders were:

Eastern Bank, Effective Rate 1.8941%

Commerce Cap Mkts, Effective Rate 2.9383%

NEW JERSEY

Chesterfield Township

Dec 22, 2008 . . . . . . $209,000

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

Dated Dec 31, 2008.

Due Dec 30, 2009.

Purchased $209,000.00 by Beneficial Bk, at 3.45%, effective rate 3.45%.

L.O.: Parker, McCay, P.A., Marlton, NJ.

F.A.: Municipal Official(s).

Other bidders were:

First Elmer Inv Corp, Effective Rate 3.69%

Longport Borough

Nov 25, 2008 . . . . . . $1,757,000

Bond Anticipation Notes (bank qualified) (book entry).

Dated Dec 10, 2008.

Due Dec 10, 2009.

Purchased $1,757,000.00 by Janney Montgomery, at 3.5%, plus n/a, effective rate n/a.

L.O.: McManimon & Scotland, Newark, NJ.

Other bidders were:

Commerce Cap Mkts, Effective Rate 3.5919%

TEXAS

Fort Bend County Municipal Utility District No. 116

Dec 22, 2008 . . . . . . $4,000,000

Unlimited Tax Bonds, Series 2009 (bank qualified) (book entry).

Dated Jan 1, 2009.

Due Sep 1, 2009 to 2033.

Callable Sep 1, 2017 at par.

Winning bid: SAMCO Cap Mkts, at 97.0000, NIC 6.097%.

Due Amount Cpn Yield Conc Ins
9/1/09 $160,000 6.00% NRO NRO AGC
9/1/10 $160,000 6.00% NRO NRO AGC
9/1/11 $160,000 6.00% NRO NRO AGC
9/1/12 $160,000 6.00% NRO NRO AGC
9/1/13 $160,000 6.00% NRO NRO AGC
9/1/14 $160,000 6.00% NRO NRO AGC
9/1/15 $160,000 6.00% NRO NRO AGC
9/1/16 $160,000 6.00% NRO NRO AGC
9/1/17 $160,000 6.00% NRO NRO AGC
9/1/18 $160,000 5.25% NRO NRO AGC
9/1/19 $160,000 5.25% 4.875% AGC
9/1/20 $160,000 5.25% 5.00% AGC
9/1/23 $480,000 5.50% 5.50% AGC
9/1/26 $480,000 5.625% NRO NRO AGC
9/1/33 $1,120,000 6.125% 6.125% AGC

Other managers: Crews & Associates, Inc., Morgan Stanley & Co., Inc..

L.O.: Allen Boone Humphries LLP, Houston, TX; and State Attorney General.

F.A.: First Southwest Company, Houston, TX.

Other bidders were:

Bernardi Securities, NIC 6.3237%

First Southwest, NIC 6.3633%

Vining-Sparks IBG, NIC 6.5861%

FMS Bonds, NIC 6.6083%

Sterne Agee, NIC 7.0774%

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Competitive sales results
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