Results of Negotiated Sales

CALIFORNIA

Carden Virtual Academy

Mar 7, 2011 . . . . . . $400,000

2011 Revenue Anticipation Notes, Series A (2011 California School Funding Program) (book entry)

Dated Mar 15, 2011.

Due Sep 15, 2011.

First coupon Sep 15, 2011.

Non-callable.

Purchased through negotiation by Comerica Securities, as follows:

Due Amount Cpn Reoffered Ins
9/15/11 $400,000 6.50% NRO

L.O.: Stradling, Yocca, Carlson & Rauth, San Francisco, CA.

INDIANA

Southwest Allen Multi School Building Corporation

Mar 22, 2011 . . . . . . $9,170,000

Ad Valorem Property Tax First Mortgage Refunding Bonds, Series 2011A (bank qualified) (book entry)

Dated Apr 21, 2011.

Due Jul 15, 2011 to Jan 15, 2016.

First coupon Jul 15, 2011.

Non-callable.

Purchased through negotiation by City Securities Corp., as follows:

Due Amount Cpn Reoffered Ins
7/15/11 $525,000 2.00% NRO SIP
1/15/12 $920,000 2.00% NRO SIP
7/15/12 $935,000 2.00% NRO SIP
1/15/13 $940,000 2.00% NRO SIP
7/15/13 $950,000 2.00% NRO SIP
1/15/14 $960,000 2.00% NRO SIP
7/15/14 $965,000 2.00% NRO SIP
1/15/15 $980,000 2.50% NRO SIP
7/15/15 $990,000 2.50% NRO SIP
1/15/16 $1,005,000 2.50% NRO SIP

L.O.: Barnes & Thornburg LLP, South Bend, IN.

Tri County School Building Corporation

Mar 21, 2011 . . . . . . $2,375,000

Ad Valorem Property Tax First Mortgage Refunding Bonds, Series 2011 (bank qualified) (book entry)

Dated Apr 21, 2011.

Due Jul 15, 2011 to Jan 15, 2018.

First coupon Jul 15, 2011.

Non-callable.

Purchased through negotiation by Fifth Third Securities, Inc., as follows:

Due Amount Cpn Reoffered Ins
7/15/11 $180,000 2.00% 0.50% SIP
1/15/12 $170,000 2.00% 0.75% SIP
7/15/12 $165,000 2.00% 1.00% SIP
1/15/13 $175,000 2.00% 1.20% SIP
7/15/13 $175,000 2.00% 1.40% SIP
1/15/14 $175,000 2.00% 1.65% SIP
7/15/14 $180,000 2.00% 1.80% SIP
7/15/15 $360,000 2.00% 2.07% SIP
1/15/16 $185,000 2.50% 2.25% SIP
7/15/16 $185,000 2.50% 2.35% SIP
1/15/17 $190,000 3.00% 2.55% SIP
7/15/17 $195,000 3.00% 2.65% SIP
1/15/18 $40,000 3.00% 2.95% SIP

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

KANSAS

Marion County Unified School District No. 397

Mar 21, 2011 . . . . . . $545,000

Refunding (bank qualified) (book entry)

Dated Apr 1, 2011.

Due Sep 1, 2011 to 2018.

First coupon Sep 1, 2011.

2017-2018 Callable Sep 1, 2016 at par.

Purchased through negotiation by McLiney and Company, as follows:

Due Amount Cpn Reoffered Ins
9/1/11 $60,000 1.00% 1.00%
9/1/12 $65,000 1.25% 1.25%
9/1/13 $65,000 1.50% 1.50%
9/1/14 $70,000 2.00% 2.00%
9/1/15 $65,000 2.50% 2.50%
9/1/16 $70,000 2.75% 2.75%
9/1/17 $75,000 3.10% 3.10%
9/1/18 $75,000 3.50% 3.50%

L.O.: King Hershey, P.C., Kansas City, MO.

MICHIGAN

Michigan Finance Authority

Mar 22, 2011 . . . . . . $5,000,000

Weekly Variable Rate Healthcare Equipment Loan Program Bonds, Series C (Letter of Credit issued by Fifth Third Bank) (book entry)

Dated Mar 23, 2011.

Due Dec 1, 2032.

First coupon Apr 6, 2011.

2032-2032 Callable Apr 27, 2011 at par.

Purchased through negotiation by Fifth Third Securities, Inc., as follows:

Due Amount Cpn Reoffered Ins
12/1/32 $5,000,000 0.50% 0.50%

L.O.: Dickinson Wright PLLC, Lansing, MI.

MISSOURI

Dunklin R-V School District of Jefferson County

Mar 22, 2011 . . . . . . $2,715,000

Lease Participation Certificates, Series 2011 (bank qualified) (book entry)

Dated Mar 31, 2011.

Due Mar 1, 2012 to 2031.

First coupon Sep 1, 2011.

2020-2031 Callable Mar 1, 2019 at par.

Purchased through negotiation by Piper Jaffray & Company, as follows:

Due Amount Cpn Reoffered Ins
3/1/12 $100,000 3.00% 1.20%
3/1/13 $100,000 3.00% 1.60%
3/1/14 $100,000 3.00% 1.95%
3/1/15 $100,000 3.00% 2.40%
3/1/16 $100,000 3.00% 2.70%
3/1/18 $220,000 3.25% 3.25%
3/1/21 $360,000 4.00% 4.00%
3/1/25 $560,000 4.625% 4.70%
3/1/28 $495,000 5.00% 5.00%
3/1/31 $580,000 5.125% 5.25%

L.O.: Gilmore & Bell, Kansas City, MO.

NEBRASKA

Douglas County Sanitary and Improvement District No. 485

Mar 12, 2011 . . . . . . $750,000

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

Dated Apr 15, 2011.

Due Apr 15, 2014 to 2021.

First coupon Oct 15, 2011.

2017-2021 Callable Apr 15, 2016 at par.

Purchased through negotiation by D.A. Davidson & Co., as follows:

Due Amount Cpn Reoffered Ins
4/15/14 $25,000 2.15% 2.15%
4/15/21 $725,000 4.40% 4.40%

L.O.: Baird, Holm, LLP, Omaha, NE.

Douglas County Sanitary and Improvement District No. 493

Mar 12, 2011 . . . . . . $840,000

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

Dated Apr 15, 2011.

Due Apr 15, 2014 to 2021.

First coupon Oct 15, 2011.

2017-2021 Callable Apr 15, 2016 at par.

Purchased through negotiation by D.A. Davidson & Co., as follows:

Due Amount Cpn Reoffered Ins
4/15/14 $40,000 2.15% 2.15%
4/15/21 $800,000 4.40% 4.40%

Gibbon (City)

Mar 21, 2011 . . . . . . $440,000

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

Dated Apr 28, 2011.

Due May 1, 2012 to 2026.

First coupon Nov 1, 2011.

2016-2026 Callable Apr 28, 2016 at par.

Purchased through negotiation by Ameritas Investment Corp., as follows:

Due Amount Cpn Reoffered Ins
5/1/12 $25,000 0.70% NRO
5/1/13 $25,000 1.00% NRO
5/1/14 $20,000 1.40% NRO
5/1/15 $25,000 1.90% NRO
5/1/16 $25,000 2.20% NRO
5/1/17 $25,000 2.50% NRO
5/1/18 $25,000 2.75% NRO
5/1/19 $25,000 3.00% NRO
5/1/20 $30,000 3.25% NRO
5/1/21 $30,000 3.45% NRO
5/1/22 $30,000 3.65% NRO
5/1/23 $35,000 3.85% NRO
5/1/24 $35,000 4.05% NRO
5/1/25 $40,000 4.20% NRO
5/1/26 $45,000 4.35% NRO

L.O.: Rembolt Ludtke, Lincoln, NE.

NEW YORK

Nassau Health Care Corporation

Mar 22, 2011 . . . . . . $55,000,000

Revenue Anticipation Notes, 2011 (book entry)

Dated Mar 24, 2011.

Due Dec 1, 2011.

First coupon Dec 1, 2011.

Non-callable.

Purchased through negotiation by Ramirez & Co., Inc., as follows:

Due Amount Cpn Reoffered Ins
12/1/11 $55,000,000 3.00% 1.00%

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

F.A.: Public Financial Management, Inc., New York, NY.

New York State Dormitory Authority

Mar 22, 2011 . . . . . . $32,570,000

Secured Hospital Revenue Refunding Bonds (New York Downtown Hospital), Series 2011 (book entry)

Dated Mar 30, 2011.

Due Feb 15, 2014 to 2022.

First coupon Aug 15, 2011.

2022-2022 Callable Feb 15, 2021 at par.

Purchased through negotiation by M.R. Beal & Co., as follows:

Due Amount Cpn Reoffered Ins
2/15/14 $2,910,000 5.00% 1.88%
2/15/15 $3,105,000 5.00% 2.50%
2/15/16 $3,260,000 5.00% 2.80%
2/15/17 $3,420,000 5.00% 3.12%
2/15/18 $3,590,000 5.00% 3.47%
2/15/19 $3,770,000 5.00% 3.78%
2/15/20 $3,960,000 5.00% 4.01%
2/15/21 $4,175,000 5.00% 4.23%
2/15/22 $4,380,000 5.00% 4.40%

L.O.: Sidley Austin LLP, New York, NY; and McKenzie & Associates, Washington, DC.

New York State Mortgage Agency

Mar 22, 2011 . . . . . . $115,410,000

Mortgage Revenue Bonds, Forty-Sixth Series (book entry) $97,855,000.

Dated Mar 31, 2011.

Due Apr 1, 2015 to 2029.

First coupon Oct 1, 2011.

2021-2029 Callable Oct 1, 2020 at par.

Purchased through negotiation by J.P. Morgan Securities LLC, Bank of America Merrill Lynch, Citigroup Global Markets, Inc., Morgan Stanley & Co., Inc., George K. Baum & Co., Goldman, Sachs & Co., M & T Securities, Inc., Ramirez & Co., Inc., Roosevelt & Cross, Inc., Siebert, Brandford, Shank & Co., RBC Capital Markets, M.R. Beal & Co., as follows:

Due Amount Cpn Reoffered Ins
4/1/15 $825,000 2.10% 2.10%
10/1/15 $2,615,000 2.20% 2.20%
4/1/16 $2,670,000 2.45% 2.45%
10/1/16 $2,730,000 4.00% 2.45%
4/1/17 $2,790,000 2.85% 2.85%
10/1/17 $2,850,000 4.00% 2.85%
4/1/18 $2,600,000 3.15% 3.15%
10/1/18 $3,295,000 5.00% 3.15%
4/1/19 $3,155,000 3.50% 3.50%
10/1/19 $3,000,000 5.00% 3.45%
4/1/20 $3,180,000 3.75% 3.75%
10/1/20 $3,245,000 5.00% 3.70%
4/1/21 $3,315,000 3.95% 3.95%
10/1/21 $3,390,000 3.95% 3.95%
4/1/22 $3,470,000 4.15% 4.15%
10/1/22 $3,540,000 4.00% 4.20%
4/1/23 $3,615,000 4.40% 4.40%
10/1/23 $3,700,000 4.25% 4.40%
4/1/24 $3,775,000 4.45% 4.45%
10/1/24 $3,855,000 4.50% 4.50%
4/1/27 $18,465,000 4.875% 4.875%
4/1/29 $17,775,000 5.00% 3.05%

Mortgage Revenue Bonds, Forty-Seventh Series (book entry) $17,555,000.

Dated Mar 31, 2011.

Due Oct 1, 2011 to Apr 1, 2015.

First coupon Oct 1, 2011.

Non-callable.

Due Amount Cpn Reoffered Ins
10/1/11 $1,590,000 0.35% S.B.
4/1/12 $2,250,000 0.55% 0.55%
10/1/12 $2,295,000 0.80% 0.80%
4/1/13 $2,345,000 1.10% 1.10%
10/1/13 $2,395,000 1.20% 1.20%
4/1/14 $2,450,000 1.50% 1.50%
10/1/14 $2,500,000 1.60% 1.60%
4/1/15 $1,730,000 2.10% 2.10%

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

SOUTH CAROLINA

Dillon County School Facilities Corporation

Mar 22, 2011 . . . . . . $35,820,000

Construction Notes, Series 2011 (book entry)

Dated Mar 30, 2011.

Due Apr 1, 2013.

First coupon Oct 1, 2011.

Non-callable.

Purchased through negotiation by Stephens Inc., as follows:

Due Amount Cpn Reoffered Ins
4/1/13 $35,525,000 3.00% 1.50%
4/1/13 $295,000 1.50% 1.50%

L.O.: Haynsworth Sinkler Boyd, P.A., Florence, SC.

F.A.: Davenport & Company LLC, Salem, .

TEXAS

Big Spring (City)

Mar 21, 2011 . . . . . . $1,555,000

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

Dated Apr 1, 2011.

Due Feb 15, 2012 to 2014.

First coupon Aug 15, 2011.

Non-callable.

Purchased through negotiation by Crews & Associates, Inc., as follows:

Due Amount Cpn Reoffered Ins
2/15/12 $510,000 2.00% 0.60%
2/15/13 $520,000 2.00% 1.00%
2/15/14 $525,000 2.00% 1.25%

L.O.: McCall Parkhurst & Horton, Dallas, TX; and State Attorney General.

F.A.: FirstSouthwest, Dallas, TX.

Terrell Independent School District

Mar 21, 2011 . . . . . . $2,170,000

Maintenance Tax Notes, Series 2011 (bank qualified) (book entry)

Dated Apr 1, 2011.

Due Aug 1, 2012 to 2016.

First coupon Feb 1, 2012.

2015-2016 Callable Aug 1, 2014 at par.

Purchased through negotiation by Raymond James & Associates, Inc., as follows:

Due Amount Cpn Reoffered Ins
8/1/12 $405,000 2.00% 0.72%
8/1/13 $430,000 2.00% 0.98%
8/1/14 $435,000 2.00% 1.29%
8/1/15 $445,000 2.50% 1.75%
8/1/16 $455,000 3.00% 2.05%

L.O.: McCall Parkhurst & Horton, Dallas, TX; and State Attorney General.

F.A.: Southwest Securities, Inc., Dallas, TX.

WASHINGTON

Ritzville School District No. 160-67

Mar 21, 2011 . . . . . . $1,705,000

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

Dated Apr 5, 2011.

Due Dec 1, 2011 to 2016.

First coupon Dec 1, 2011.

Non-callable.

Purchased through negotiation by D.A. Davidson & Co., as follows:

Due Amount Cpn Reoffered Ins
12/1/11 $35,000 3.00% 0.55% WA St
12/1/12 $300,000 3.00% 0.67% WA St
12/1/13 $320,000 3.00% 1.00% WA St
12/1/14 $335,000 3.00% 1.33% WA St
12/1/15 $350,000 3.00% 1.70% WA St
12/1/16 $365,000 3.00% 1.97% WA St

L.O.: Foster Pepper PLLC, Spokane, WA.

WISCONSIN

Alma Center-Humbrid-Merrillan School District

Mar 21, 2011 . . . . . . $5,510,000

Bond Anticipation Notes (bank qualified) (book entry)

Dated Apr 5, 2011.

Due Mar 1, 2012.

2012-2012 Callable Sep 1, 2011 at par.

Purchased through negotiation by Robert W. Baird & Co., Inc., as follows:

Due Amount Cpn Reoffered Ins
3/1/12 $5,510,000 2.00% 0.65%

L.O.: Quarles & Brady, Milwaukee, WI.

Jefferson School District

Mar 21, 2011 . . . . . . $8,190,000

General Obligation Promissory Notes (Bank Qualified) (book entry) $5,845,000.

Dated Apr 12, 2011.

Due Mar 1, 2012 to 2018.

First coupon Mar 1, 2012.

Non-callable.

Purchased through negotiation by Robert W. Baird & Co., Inc., as follows:

Due Amount Cpn Reoffered Ins
3/1/12 $400,000 2.00% 0.62%
3/1/13 $780,000 2.00% 0.89%
3/1/14 $850,000 2.50% 1.21%
3/1/15 $930,000 2.50% 1.68%
3/1/16 $1,015,000 3.00% 1.97%
3/1/17 $1,090,000 3.00% 2.24%
3/1/18 $780,000 3.00% 2.53%

L.O.: Quarles & Brady, Milwaukee, WI.

Luxemburg Casco School District

Mar 21, 2011 . . . . . . $2,760,000

Bond Anticipation Notes (bank qualified) (book entry)

Dated Apr 12, 2011.

Due Dec 12, 2011.

2011-2011 Callable Sep 12, 2011 at par.

Purchased through negotiation by Robert W. Baird & Co., Inc., as follows:

Due Amount Cpn Reoffered Ins
12/12/11 $2,760,000 2.00% 0.45%

L.O.: Quarles & Brady, Milwaukee, WI.

Two Rivers (City)

Mar 21, 2011 . . . . . . $2,000,000

General Obligation Promissory Notes (bank qualified) (book entry)

Dated Apr 11, 2011.

Due Apr 1, 2012 to 2021.

First coupon Oct 1, 2011.

2019-2021 Callable Apr 1, 2018 at par.

Purchased through negotiation by Robert W. Baird & Co., Inc., as follows:

Due Amount Cpn Reoffered Ins
4/1/12 $120,000 2.00% 0.87%
4/1/13 $120,000 2.00% 1.14%
4/1/14 $225,000 3.00% 1.46%
4/1/15 $125,000 3.00% 1.93%
4/1/16 $235,000 3.00% 2.22%
4/1/17 $245,000 3.50% 2.49%
4/1/18 $255,000 4.00% 2.77%
4/1/19 $270,000 4.00% 3.01%
4/1/20 $275,000 4.00% 3.24%
4/1/21 $130,000 4.00% 3.45%

L.O.: Quarles & Brady, Milwaukee, WI.

TAXABLE ISSUES

CALIFORNIA

Oxford Prepartory Academy Inc.

Mar 7, 2011 . . . . . . $1,000,000

2011 Revenue Anticipation Notes, Series A (California Charter School Funding Program) (book entry) (Taxable)

Dated Mar 15, 2011.

Due Sep 15, 2011.

First coupon Sep 15, 2011.

Non-callable.

Purchased through negotiation by Comerica Securities, as follows:

Due Amount Cpn Reoffered Ins
9/15/11 $1,000,000 6.50% NRO

L.O.: Stradling, Yocca, Carlson & Rauth, San Francisco, CA.

NEBRASKA

Ralston (City)

Mar 21, 2011 . . . . . . $4,160,000

Vehicle Off Street Parking Bonds, Series 2011 (General Obligation) (book entry) (Taxable)

Dated Apr 21, 2011.

Due May 1, 2013.

First coupon Nov 1, 2011.

2013-2013 Callable Oct 21, 2011 at par.

Purchased through negotiation by Ameritas Investment Corp., as follows:

Due Amount Cpn Reoffered Ins
5/1/13 $4,160,000 3.00% NRO

L.O.: Baird, Holm, LLP, Omaha, NE.

Ralston Municipal Facilities Corporation

Mar 21, 2011 . . . . . . $675,000

Lease Purchase Bonds, Series 2011 (General Obligation) (book entry) (Taxable)

Dated Apr 21, 2011.

Due Jun 15, 2014 to 2021.

First coupon Dec 15, 2011.

2014-2021 Callable Oct 21, 2011 at par.

Purchased through negotiation by Ameritas Investment Corp., as follows:

Due Amount Cpn Reoffered Ins
6/15/14 $75,000 3.50% NRO
6/15/15 $75,000 3.90% NRO
6/15/16 $80,000 4.30% NRO
6/15/17 $80,000 4.70% NRO
6/15/18 $85,000 5.00% NRO
6/15/19 $90,000 5.25% NRO
6/15/20 $95,000 5.50% NRO
6/15/21 $95,000 5.75% NRO

L.O.: Baird, Holm, LLP, Omaha, NE.

WISCONSIN

Jefferson School District

Mar 21, 2011 . . . . . . $8,190,000

General Obligation Promissory Notes (Qualified Energy Conservation Bonds - Direct Pay) (book entry) (Taxable) $2,345,000.

Dated Apr 12, 2011.

Due Mar 1, 2018 to 2020.

First coupon Mar 1, 2012.

Non-callable.

Purchased through negotiation by Robert W. Baird & Co., Inc., as follows:

Due Amount Cpn Reoffered Ins
3/1/18 $580,000 3.70% 3.50%
3/1/19 $1,490,000 4.05% 3.80%
3/1/20 $275,000 4.40% 4.15%

L.O.: Quarles & Brady, Milwaukee, WI.

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Negotiated sales results
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