Results of Competitive Sales

ILLINOIS

Plainfield Community Consolidated School District No 202

Feb 24, 2011 . . . . . . $11,300,000

General Obligation School Refunding Bonds, Series 2011 (book entry).

Dated Mar 22, 2011.

Due Jan 1, 2012 to 2015.

Non-callable.

Winning bid: Morgan Stanley, at 101.7339, TIC 2.4187%.

Due Amount Cpn Yield Conc Ins
1/1/12 $5,575,000 3.00% 1.35%
1/1/13 $3,000,000 3.00% 1.75%
1/1/14 $925,000 4.00% 2.25%
1/1/15 $1,800,000 4.00% 2.75%

L.O.: Chapman and Cutler, Chicago, IL.

F.A.: Ehlers & Associates, Inc., Roseville, MN.

Other bidders were:

Robert W. Baird, TIC 2.538%

JPMorgan, TIC 2.7402%

BMO Capital Markets, TIC 2.9303%

Hutchinson Shockey, TIC 3.008%

IOWA

Vinton (City)

Feb 24, 2011 . . . . . . $1,280,000

General Obligation Refunding Bonds, Series 2011 (bank qualified) (book entry).

Dated Mar 15, 2011.

Due Jun 1, 2012 to 2018.

Callable Jun 1, 2016 at par.

Winning bid: D.A. Davidson, at n/a, TIC 1.8452%.

Due Amount Cpn Yield Conc Ins
6/1/12 $195,000 2.00% NRO NRO
6/1/13 $210,000 2.00% NRO NRO
6/1/14 $210,000 2.00% NRO NRO
6/1/15 $215,000 2.00% NRO NRO
6/1/16 $220,000 2.00% NRO NRO
6/1/17 $110,000 2.50% NRO NRO
6/1/18 $120,000 2.75% NRO NRO

L.O.: Dorsey & Whitney, Des Moines, IA.

F.A.: Speer Financial, Inc., Chicago, IL; and Speer Financial, Inc., Waterloo, IA.

Other bidders were:

Bankers' Bank, TIC 2.016%

UMB Bank, TIC 2.0295%

Country Club Bank, TIC 2.1631%

Hutchinson Shockey, TIC 2.3854%

LOUISIANA

Terrebonne Parish

Feb 23, 2011 . . . . . . $49,000,000

Morganza Levee Improvement Bonds, Series ST-2011.

Dated Apr 5, 2011.

Due Apr 1, 2012 to 2036.

Callable Apr 1, 2021 at par.

Winning bid: Morgan Keegan, at 99.3125, TIC 4.9954%.

Due Amount Cpn Yield Conc Ins
4/1/12 $1,025,000 2.00% NRO NRO AGM
4/1/13 $1,010,000 3.00% 1.30% AGM
4/1/14 $1,065,000 3.00% 1.66% AGM
4/1/15 $1,125,000 3.00% 2.16% AGM
4/1/16 $1,185,000 3.00% 2.43% AGM
4/1/17 $1,250,000 4.00% 2.70% AGM
4/1/18 $1,320,000 4.00% 3.03% AGM
4/1/19 $1,390,000 4.00% 3.32% AGM
4/1/20 $1,465,000 5.00% 3.58% AGM
4/1/21 $1,550,000 5.00% 3.84% AGM
4/1/22 $1,635,000 4.00% 4.10% AGM
4/1/25 $5,465,000 5.25% 4.50% AGM
4/1/26 $2,025,000 4.625% 4.74% AGM
4/1/27 $2,135,000 4.75% 4.83% AGM
4/1/28 $2,255,000 4.75% 4.92% AGM
4/1/29 $2,375,000 5.00% 5.00% AGM
4/1/30 $2,510,000 5.00% 5.08% AGM
4/1/31 $2,645,000 5.00% 5.12% AGM
4/1/32 $2,790,000 5.00% 5.20% AGM
4/1/33 $2,945,000 5.125% 5.25% AGM
4/1/36 $9,835,000 5.25% 5.36% AGM

Other managers: Robert W. Baird & Co., Inc., Duncan-Williams, Inc., Fidelity Capital Markets, Davenport & Company LLC, CL King & Associates, Crews & Associates, Inc., Coastal Securities Corp., SAMCO Capital Markets, Edward D. Jones & Co., Vining-Sparks IBG, Limited Partnership, Ross, Sinclaire & Associates, Loop Capital Markets, LLC, Kildare Capital, Inc., NW Capital Markets Inc., Raymond James & Associates, Inc., Stifel, Nicolaus & Co., Inc., BMO Capital Markets, FirstSouthwest, Southwest Securities, Inc., Citigroup Global Markets, Inc..

L.O.: Foley & Judell, New Orleans, LA.

F.A.: Municipal Official(s).

Other bidders were:

Hutchinson Shockey, TIC 5.0871%

BofA Merrill Lynch, TIC 5.3264%

MASSACHUSETTS

Ayer (Town)

Feb 24, 2011 . . . . . . $2,303,000

General Obligation Refunding Bonds (bank qualified) (book entry).

Dated Mar 10, 2011.

Due Mar 15, 2012 to 2020.

Non-callable.

Winning bid: Roosevelt & Cross, at 100.6769, TIC 2.1538%.

Due Amount Cpn Yield Conc Ins
3/15/12 $378,000 2.00% NRO NRO
3/15/13 $375,000 2.00% NRO NRO
3/15/14 $355,000 2.00% NRO NRO
3/15/15 $335,000 2.125% NRO NRO
3/15/16 $325,000 2.25% NRO NRO
3/15/17 $310,000 2.50% NRO NRO
3/15/18 $110,000 2.75% NRO NRO
3/15/19 $65,000 3.00% NRO NRO
3/15/20 $50,000 3.00% NRO NRO

Other managers: UBS Financial Services, Inc., Fidelity Capital Markets, CL King & Associates.

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

F.A.: FirstSouthwest, Boston, MA.

Other bidders were:

M&I Marshall, TIC 2.2144%

Robert W. Baird, TIC 2.2541%

FirstSouthwest, TIC 2.3936%

Eastern Bk Cap Mkts, TIC 2.4729%

MINNESOTA

Princeton (City)

Feb 24, 2011 . . . . . . $15,120,000

General Obligation Temporary Sewer Revenue Bonds, Series 2011A (book entry).

Dated Mar 1, 2011.

Due Mar 1, 2014.

Callable Mar 1, 2012 at par.

Winning bid: Piper Jaffray, at 101.1610, TIC 1.8469%.

Due Amount Cpn Yield Conc Ins
3/1/14 $15,120,000 2.25% NRO NRO

L.O.: Briggs & Morgan, St. Paul, MN.

F.A.: Northland Securities, Inc., Minneapolis, MN.

Other bidders were:

Morgan Stanley, TIC 2.1728%

BB&T Cap Mkts, TIC 3.8422%

NEW JERSEY

Garfield (City)

Feb 24, 2011 . . . . . . $6,673,000

$4,042,000 General Obligation Bond Anticipation Notes and $2,631,000 Water Utility Bond Anticipation Notes (bank qualified).

Dated Mar 3, 2011.

Due Mar 2, 2012.

Purchased $6,673,000.00 by Spencer Savings Bk, at 0.6%, effective rate 0.6%.

L.O.: Rogut McCarthy LLC, Cranford, NJ.

F.A.: Municipal Official(s).

Other bidders were:

TD Securities, Effective Rate 1.1819%

Beneficial Bk, Effective Rate 1.88%

Jefferies, Effective Rate 1.9013%

Janney Montgomery, Effective Rate 1.997%

Oppenheimer, Effective Rate 2.3867%

Ocean Township (Ocean County)

Feb 24, 2011 . . . . . . $2,090,460

Bond Anticipation Notes (bank qualified).

Dated Mar 3, 2011.

Due Mar 2, 2012.

Purchased $2,090,460.00 by Oppenheimer, at 2.25%, plus $1,205.00, effective rate 2.1922%.

L.O.: Lomurro Davison Eastman & Munoz, Freehold, NJ.

F.A.: Municipal Official(s).

NEW YORK

Lackawanna City School District

Feb 24, 2011 . . . . . . $1,675,000

Bond Anticipation Notes, 2011 (Renewals) (bank qualified).

Dated Mar 9, 2011.

Due Jun 15, 2011.

Purchased $1,675,000.00 by JPMorgan Chase, at 1.23%, effective rate 1.23%.

L.O.: Orrick, Herrington & Sutcliffe, New York, NY.

F.A.: Capital Markets Advisors, LLC, Orchard Park, NY.

Other bidders were:

HSBC Bank, Effective Rate 1.82%

Jefferies, Effective Rate 1.8534%

First Niagara Bank, Effective Rate 1.9%

Janney Montgomery, Effective Rate 1.9438%

M & T Bank, Effective Rate 2.27%

Oppenheimer, Effective Rate 2.38%

Lafayette Central School District

Feb 24, 2011 . . . . . . $219,554

School District (Serial) Bonds, 2011 (bank qualified).

Dated Mar 10, 2011.

Due Mar 1, 2012 to 2016.

Non-callable.

Winning bid: Sage Rutty, at n/a, NIC 2.9924%.

Due Amount Cpn Yield Conc Ins
3/1/12 $39,554 2.75% NRO NRO
3/1/13 $40,000 2.875% NRO NRO
3/1/14 $45,000 2.875% NRO NRO
3/1/15 $45,000 3.00% NRO NRO
3/1/16 $50,000 3.125% NRO NRO

L.O.: Trespasz & Marquardt, LLP, Syracuse, NY.

F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.

Other bidders were:

Roosevelt & Cross, NIC 3.1574%

Bank of Greene Co, NIC 3.1915%

M & T Bank, NIC 3.58%

Orange County

Feb 24, 2011 . . . . . . $20,700,000

Various Purposes Serial Bonds - 2011A (book entry).

Dated Mar 10, 2011.

Due Mar 1, 2013 to 2024.

Callable Mar 1, 2019 at par.

Winning bid: Citigroup, at n/a, NIC 2.9401%.

Due Amount Cpn Yield Conc Ins
3/1/13 $1,460,000 2.00% NRO NRO
3/1/14 $1,485,000 2.00% 1.00%
3/1/15 $1,530,000 2.125% 1.45%
3/1/16 $1,580,000 2.25% 1.70%
3/1/17 $1,635,000 2.50% 2.00%
3/1/18 $1,685,000 2.50% 2.30%
3/1/19 $1,740,000 2.50% 2.50%
3/1/20 $1,800,000 2.75% NRO NRO
3/1/21 $1,855,000 3.00% 3.05%
3/1/22 $1,910,000 3.25% 3.25%
3/1/23 $1,975,000 3.50% 3.45%
3/1/24 $2,045,000 3.50% 3.60%

Other managers: Roosevelt & Cross, Inc., UBS Financial Services, Inc., Bank of New York Mellon Capital Markets, LLC, Ramirez & Co., Inc., Fidelity Capital Markets, CL King & Associates.

L.O.: Hawkins, Delafield & Wood, New York, NY.

F.A.: New York Municipal Advisors Corp. (NYMAC), Syosset, NY.

Other bidders were:

KeyBanc Cap Mkts, NIC 3.0886%

JPMorgan, NIC 3.1699%

Piper Jaffray, NIC 3.1953%

Robert W. Baird, NIC 3.2096%

BofA Merrill Lynch, NIC 3.2379%

TD Securities, NIC 3.2709%

Janney Montgomery, NIC 3.2744%

Jefferies, NIC 3.4117%

Hutchinson Shockey, NIC 3.4213%

Sherrill (City)

Feb 24, 2011 . . . . . . $935,000

General Obligation (Serial) Bonds, 2011 (bank qualified) (book entry).

Dated Mar 1, 2011.

Due Mar 1, 2012 to 2025.

Callable Mar 1, 2018 at par.

Winning bid: Roosevelt & Cross, at n/a, NIC 5.2432%.

Due Amount Cpn Yield Conc Ins
3/1/12 $40,000 4.50% NRO NRO
3/1/13 $55,000 4.50% NRO NRO
3/1/14 $60,000 4.50% NRO NRO
3/1/15 $60,000 4.50% NRO NRO
3/1/16 $60,000 4.50% NRO NRO
3/1/17 $60,000 4.50% NRO NRO
3/1/18 $65,000 4.50% NRO NRO
3/1/19 $65,000 4.75% NRO NRO
3/1/20 $70,000 5.00% NRO NRO
3/1/21 $70,000 5.25% NRO NRO
3/1/22 $75,000 5.50% NRO NRO
3/1/23 $80,000 5.50% NRO NRO
3/1/24 $85,000 5.75% NRO NRO
3/1/25 $90,000 5.75% NRO NRO

L.O.: Orrick, Herrington & Sutcliffe, New York, NY.

F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.

OHIO

Heath (City)

Feb 22, 2011 . . . . . . $1,100,000

Water Tank Facility Improvement Bond Anticipation Notes (bank qualified) (book entry).

Dated Mar 9, 2011.

Due Mar 9, 2012.

Purchased $1,100,000.00 by Fifth Third Sec, at 1.5%, plus $2,845.00, effective rate 1.239%.

L.O.: Peck, Shaffer & Williams, Columbus, OH.

Other bidders were:

Oppenheimer, Effective Rate 2.1025%

SOUTH CAROLINA

Oconee County School District

Feb 24, 2011 . . . . . . $11,130,000

General Obligation Bonds, Series 2011.

Dated Mar 10, 2011.

Due Mar 1, 2012 to 2019.

Non-callable.

Winning bid: Robert W. Baird, at 102.3027, TIC 1.7428%.

Due Amount Cpn Yield Conc Ins
3/1/12 $7,225,000 2.00% NRO NRO SCSDE
3/1/13 $510,000 3.00% NRO NRO SCSDE
3/1/14 $525,000 3.00% NRO NRO SCSDE
3/1/15 $540,000 3.00% NRO NRO SCSDE
3/1/16 $555,000 3.00% NRO NRO SCSDE
3/1/17 $575,000 3.00% NRO NRO SCSDE
3/1/18 $590,000 3.00% NRO NRO SCSDE
3/1/19 $610,000 3.00% NRO NRO SCSDE

Other managers: Morgan Keegan & Co., Inc., Davenport & Company LLC, CL King & Associates, Loop Capital Markets, LLC, Kildare Capital, Inc., Coastal Securities Corp., Crews & Associates, Inc., Edward D. Jones & Co., Duncan-Williams, Inc., NW Capital Markets Inc., SAMCO Capital Markets, Vining-Sparks IBG, Limited Partnership.

L.O.: McNair Law Firm, Columbia, SC.

F.A.: Ross, Sinclaire & Associates, Inc., Columbia, SC.

Other bidders were:

Hutchinson Shockey, TIC 1.7478%

JPMorgan, TIC 1.7558%

Stifel Nicolaus, TIC 1.7635%

UBS Financial Svcs, TIC 1.7924%

Piper Jaffray, TIC 1.8344%

TD Securities, TIC 1.8857%

Wells Fargo Secs, TIC 1.8936%

Southwest Securities, TIC 1.9635%

Morgan Stanley, TIC 1.991%

TEXAS

Fort Bend County Municipal Utility District No. 25

Feb 24, 2011 . . . . . . $5,920,000

Unlimited Tax Bonds, Series 2011 (bank qualified) (book entry).

Dated Mar 1, 2011.

Due Oct 1, 2012 to 2038.

Callable Oct 1, 2019 at par.

Winning bid: SAMCO Cap Mkts, at 97.0000, NIC 4.6788%.

Due Amount Cpn Yield Conc Ins
10/1/12 $200,000 3.50% 1.10% AGM
10/1/13 $200,000 3.50% 1.40% AGM
10/1/14 $200,000 3.50% 1.70% AGM
10/1/15 $200,000 3.50% 2.15% AGM
10/1/16 $200,000 3.50% 2.38% AGM
10/1/17 $200,000 3.50% 2.65% AGM
10/1/18 $220,000 3.50% 2.88% AGM
10/1/19 $225,000 3.125% 3.14% AGM
10/1/20 $225,000 3.25% 3.34% AGM
10/1/21 $225,000 3.50% 3.57% AGM
10/1/22 $225,000 3.75% 3.80% AGM
10/1/23 $225,000 4.00% 4.00% AGM
10/1/24 $225,000 4.00% 4.15% AGM
10/1/26 $450,000 4.25% 4.40% AGM
10/1/28 $450,000 4.50% 4.55% AGM
10/1/30 $450,000 4.60% 4.70% AGM
10/1/32 $450,000 4.75% 4.875% AGM
10/1/34 $450,000 4.875% 5.00% AGM
10/1/38 $900,000 5.00% 5.15% AGM

Other managers: Coastal Securities Corp., Crews & Associates, Inc., Stifel, Nicolaus & Co., Inc., BLNS Securities Limited, Morgan Stanley & Co., Inc..

L.O.: Sechrist, Duckers LLP, Houston, TX; and State Attorney General.

F.A.: FirstSouthwest, Houston, TX.

Other bidders were:

Morgan Keegan, NIC 4.788%

FirstSouthwest, NIC 4.8371%

Southwest Securities, NIC 4.8838%

Sterne Agee, NIC 5.062%

WEST VIRGINIA

Hancock County Board of Education

Feb 24, 2011 . . . . . . $37,000,000

Public School Bonds, Series 2011 (book entry).

Dated Mar 10, 2011.

Due May 1, 2012 to 2036.

Callable May 1, 2021 at par.

Winning bid: Wells Fargo Secs, at 100.0162, TIC 4.3405%.

Due Amount Cpn Yield Conc Ins
5/1/12 $595,000 3.00% 0.60%
5/1/13 $865,000 3.00% 0.95%
5/1/14 $900,000 3.00% 1.30%
5/1/15 $945,000 3.00% 1.75%
5/1/16 $985,000 3.00% 2.05%
5/1/17 $1,030,000 3.00% 2.35%
5/1/18 $1,080,000 3.00% 2.60%
5/1/19 $1,130,000 5.00% 2.85%
5/1/20 $1,180,000 3.00% 3.10%
5/1/21 $1,235,000 3.25% 3.35%
5/1/22 $1,290,000 5.00% NRO NRO
5/1/23 $1,350,000 5.00% NRO NRO
5/1/24 $1,415,000 5.00% NRO NRO
5/1/25 $1,480,000 4.00% 4.10%
5/1/26 $1,545,000 4.00% 4.20%
5/1/27 $1,620,000 4.00% 4.30%
5/1/28 $1,695,000 4.25% 4.40%
5/1/29 $1,770,000 4.25% 4.45%
5/1/30 $1,850,000 4.375% 4.50%
5/1/32 $3,960,000 4.50% 4.60%
5/1/34 $4,335,000 4.50% 4.75%
5/1/36 $4,745,000 4.75% 4.87%

L.O.: Bowles, Rice, McDavid, Graff & Love, Charleston, WV.

F.A.: Raymond James & Associates, Inc., Charleston, WV.

Other bidders were:

JPMorgan, TIC 4.3919%

Southwest Securities, TIC 4.4393%

Robert W. Baird, TIC 4.4538%

BMO Capital Markets, TIC 4.4597%

BofA Merrill Lynch, TIC 4.6093%

Hutchinson Shockey, TIC 4.7245%

TAXABLE ISSUES

INDIANA

Madison Consolidated School Building Corporation

Feb 24, 2011 . . . . . . $1,950,000

Taxable Ad Valorem Property Tax First Mortgage Bonds, Series 2011 (Qualified School Construction Bonds- Direct Payment) (book entry).

Dated Mar 10, 2011.

Due Jul 15, 2014 to Jan 15, 2016.

Non-callable.

Winning bid: City Securities, at n/a, NIC 2.298%.

Due Amount Cpn Yield Conc Ins
7/15/14 $485,000 1.70% 1.70% SIP
1/15/15 $485,000 2.00% 2.00% SIP
7/15/15 $490,000 2.20% 2.25% SIP
1/15/16 $490,000 2.40% 2.50% SIP

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

F.A.: Educational Services Company, Indianapolis, IN.

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Competitive sales results
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