Results of Competitive Sales

KANSAS

Merriam (City)

Aug 24, 2009 . . . . . . $2,980,000

General Obligation Refunding Bonds, Series 2009 (bank qualified) (book entry).

Dated Sep 1, 2009.

Due Oct 1, 2010 to 2012.

Non-callable.

Winning bid: Robert W. Baird, at 101.8560, TIC 1.2654%.

Due Amount Cpn Yield Conc Ins
10/1/10 $1,000,000 3.00% 0.83%
10/1/11 $1,000,000 2.00% 1.00%
10/1/12 $980,000 2.00% 1.25%

Other managers: CL King & Associates, Loop Capital Markets, LLC, Kildare Capital, Inc., SAMCO Capital Markets, Charles Schwab & Co., Stifel, Nicolaus & Co., Inc., Wedbush Morgan Securities.

L.O.: Kutak Rock, Kansas City, MO.

F.A.: Springsted Incorporated, St. Paul, MN.

Other bidders were:

George K. Baum, TIC 1.4024%

UMB Bank, TIC 1.4475%

UBS Financial Svcs, TIC 1.47%

Country Club Bank, TIC 1.4742%

Wells Fargo Advisors, TIC 1.4848%

Commerce Bank, TIC 1.5206%

DeWaay Fin Network, TIC 1.5817%

Shawnee (City)

Aug 24, 2009 . . . . . . $1,410,000

Internal Improvement Bonds, Series 2009A (bank qualified) (book entry).

Dated Sep 15, 2009.

Due Dec 1, 2010 to 2019.

Callable Dec 1, 2017 at par.

Winning bid: Robert W. Baird, at 100.6621, TIC 2.5638%.

Due Amount Cpn Yield Conc Ins
12/1/10 $120,000 2.00% 0.55%
12/1/11 $130,000 2.00% 1.00%
12/1/12 $135,000 2.00% 1.25%
12/1/13 $135,000 2.00% 1.60%
12/1/14 $140,000 2.25% 2.00%
12/1/15 $140,000 2.50% 2.25%
12/1/16 $145,000 2.75% 2.45%
12/1/17 $150,000 3.00% 2.75%
12/1/18 $155,000 3.00% 3.00%
12/1/19 $160,000 3.10% 3.20%

Other managers: CL King & Associates, Loop Capital Markets, LLC, Kildare Capital, Inc., SAMCO Capital Markets, Charles Schwab & Co., Stifel, Nicolaus & Co., Inc., Isaak Bond Investments, Inc., Wedbush Morgan Securities.

L.O.: Kutak Rock, Kansas City, MO.

F.A.: Springsted Incorporated, St. Paul, MN.

Other bidders were:

Piper Jaffray, TIC 2.6263%

Country Club Bank, TIC 2.6929%

Commerce Bank, TIC 2.7901%

UMB Bank, TIC 2.8378%

DeWaay Fin Network, TIC 2.9016%

MASSACHUSETTS

Southeastern Regional Transit Authority

Aug 24, 2009 . . . . . . $8,700,000

General Obligation Revenue Anticipation Notes (bank qualified).

Dated Sep 4, 2009.

Due Sep 3, 2010.

Purchased $8,700,000.00 by Eastern Bank, at 2.5%, plus $40,083.88, effective rate 2.038%.

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

F.A.: UniBank Fiscal Advisory Services, Inc., Whitinsville, MA.

Other bidders were:

Janney Montgomery, Effective Rate 2.374%

Oppenheimer, Effective Rate 2.5%

UniBank Fiscal Adv, Effective Rate 2.6%

MINNESOTA

Fairmont (City)

Aug 24, 2009 . . . . . . $3,590,000

General Obligation Bonds, Series 2009A (bank qualified) (book entry).

Dated Sep 1, 2009.

Due Mar 1, 2011 to 2025.

Callable Mar 1, 2018 at par.

Winning bid: UBS Financial Svcs, at n/a, TIC 3.2085%.

Due Amount Cpn Yield Conc Ins
3/1/11 $95,000 2.00% 0.90%
3/1/12 $265,000 2.00% 1.30%
3/1/13 $265,000 2.50% 1.65%
3/1/14 $275,000 2.50% 2.00%
3/1/15 $280,000 2.75% 2.25%
3/1/16 $285,000 3.00% 2.50%
3/1/17 $295,000 3.00% 2.80%
3/1/18 $305,000 3.00% 3.00%
3/1/19 $320,000 3.25% 3.20%
3/1/20 $320,000 3.50% 3.35%
3/1/21 $335,000 3.75% 3.50%
3/1/22 $130,000 4.00% 3.65%
3/1/23 $135,000 4.00% 3.75%
3/1/24 $140,000 4.00% 3.85%
3/1/25 $145,000 4.00% 4.00%

In association with: Wiley Bros.-Aintree Capital LLC.

L.O.: Briggs & Morgan, St. Paul, MN; and Briggs & Morgan, Minneapolis, MN.

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

Other bidders were:

Piper Jaffray, TIC 3.2104%

Cronin, TIC 3.2121%

Northland Securities, TIC 3.2178%

Robert W. Baird, TIC 3.2756%

Stephens, TIC 3.4454%

UMB Bank, TIC 3.4807%

Kenyon-Wanamingo Independent School District No. 2172

Aug 24, 2009 . . . . . . $1,395,000

General Obligation Aid Anticipation Certificates of Indebtedness, Series 2009D (MN SD Credit Enhancement Program) (bank qualified) (book entry).

Dated Sep 10, 2009.

Due Sep 10, 2010.

Purchased $1,395,000.00 by Piper Jaffray, at 1.5%, plus $8,286.30, effective rate 0.906%.

L.O.: Knutson, Flynn & Deans, Mendota Heights, MN.

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

Other bidders were:

Wells Fargo Brkge, Effective Rate 1.05%

Northland Securities, Effective Rate 1.114%

Janney Montgomery, Effective Rate 1.25%

Oppenheimer, Effective Rate 1.2681%

Litchfield Independent School District No 465

Aug 24, 2009 . . . . . . $5,000,000

General Obligation Aid Anticipation Certificates of Indebtedness of 2009 (Minnesota School District Credit Enhancement Program) (bank qualified) (book entry).

Dated Sep 10, 2009.

Due Sep 10, 2010.

Purchased $5,000,000.00 by Robert W. Baird, at 1.0%, plus $13,450.00, effective rate 0.7277%.

L.O.: Fryberger, Buchanan, Smith & Frederick, Duluth, MN.

F.A.: Public Financial Management, Inc., Minneapolis, MN.

Other bidders were:

Oppenheimer, Effective Rate 0.74%

Piper Jaffray, Effective Rate 0.758%

Wells Fargo Brkge, Effective Rate 0.7888%

Janney Montgomery, Effective Rate 1.147%

Moorhead Independent School District No. 152

Aug 24, 2009 . . . . . . $5,000,000

General Obligation Aid Anticipation Certificates of Indebtedness, Series 2009B (MN SD Credit Enhancement Program) (bank qualified).

Dated Sep 10, 2009.

Due Sep 10, 2010.

Purchased $5,000,000.00 by Robert W. Baird, at 1.0%, plus $13,350.00, effective rate 0.733%.

L.O.: Knutson, Flynn & Deans, Mendota Heights, MN.

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

Other bidders were:

Oppenheimer, Effective Rate 0.78%

Wells Fargo Brkge, Effective Rate 0.792%

Piper Jaffray, Effective Rate 0.796%

Janney Montgomery, Effective Rate 1.25%

North Branch (City)

Aug 24, 2009 . . . . . . $3,900,000

General Obligation Tax Increment Bonds, Series 2009D (bank qualified) (book entry).

Dated Sep 16, 2009.

Due Feb 1, 2014 to 2037.

Callable Feb 1, 2019 at par.

Winning bid: RBC Capital Mkts, at 98.5143, TIC 4.4289%.

Due Amount Cpn Yield Conc Ins
2/1/14 $50,000 3.50% NRO NRO
2/1/15 $75,000 3.50% NRO NRO
2/1/16 $80,000 3.50% NRO NRO
2/1/17 $85,000 3.50% NRO NRO
2/1/18 $90,000 3.50% NRO NRO
2/1/19 $95,000 3.50% NRO NRO
2/1/20 $100,000 3.60% NRO NRO
2/1/21 $110,000 3.75% NRO NRO
2/1/22 $115,000 3.875% NRO NRO
2/1/23 $125,000 4.00% NRO NRO
2/1/24 $130,000 4.10% NRO NRO
2/1/25 $140,000 4.125% NRO NRO
2/1/26 $150,000 4.20% NRO NRO
2/1/27 $160,000 4.25% NRO NRO
2/1/32 $990,000 4.40% NRO NRO
2/1/37 $1,405,000 4.50% NRO NRO

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

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

Other bidders were:

Wells Fargo Brkge, TIC 4.51%

Northland Securities, TIC 4.5977%

UBS Financial Svcs, TIC 4.6025%

Robert W. Baird, TIC 4.7842%

Piper Jaffray, TIC 4.8593%

Rocori Area Independent School District No. 750

Aug 24, 2009 . . . . . . $2,500,000

General Obligation Aid Anticipation Certificates of Indebtedness, Series 2009C (MN SD Credit Enhancement Program).

Dated Sep 10, 2009.

Due Sep 10, 2010.

Purchased $2,500,000.00 by Robert W. Baird, at 1.0%, plus $4,300.00, effective rate 0.828%.

L.O.: Knutson, Flynn & Deans, Mendota Heights, MN.

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

Other bidders were:

Wells Fargo Brkge, Effective Rate 0.882%

Piper Jaffray, Effective Rate 0.906%

Oppenheimer, Effective Rate 1.0552%

Northland Securities, Effective Rate 1.092%

Janney Montgomery, Effective Rate 1.125%

TEXAS

Harris County Municipal Utility District No. 371

Aug 24, 2009 . . . . . . $4,200,000

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

Dated Sep 1, 2009.

Due Sep 1, 2011 to 2033.

Callable Sep 1, 2016 at par.

Winning bid: First Southwest, at 97.0191, NIC 4.8881%.

Due Amount Cpn Yield Conc Ins
9/1/11 $100,000 5.75% 1.50% AGC
9/1/12 $105,000 5.75% 1.70% AGC
9/1/13 $110,000 5.00% 2.00% AGC
9/1/14 $120,000 5.00% 2.50% AGC
9/1/15 $125,000 5.00% 2.90% AGC
9/1/16 $130,000 5.00% 3.25% AGC
9/1/17 $140,000 3.55% 3.55% AGC
9/1/18 $145,000 3.70% 3.70% AGC
9/1/19 $150,000 3.90% 3.90% AGC
9/1/20 $160,000 4.00% 4.00% AGC
9/1/21 $165,000 4.10% 4.10% AGC
9/1/22 $175,000 4.20% 4.20% AGC
9/1/23 $180,000 4.30% 4.30% AGC
9/1/24 $190,000 4.40% 4.40% AGC
9/1/25 $200,000 4.50% 4.50% AGC
9/1/27 $430,000 4.70% 4.70% AGC
9/1/29 $470,000 4.90% 4.90% AGC
9/1/31 $525,000 4.875% 5.00% AGC
9/1/33 $580,000 5.00% 5.05% AGC

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

F.A.: Rathmann & Associates, L.P., Houston, TX.

Other bidders were:

Wells Fargo Advisors, NIC 4.93%

RBC Capital Mkts, NIC 4.9996%

SAMCO Cap Mkts, NIC 5.0545%

Sterne Agee, NIC 5.3346%

Mustang Special Utility District

Aug 24, 2009 . . . . . . $1,220,000

Revenue Bonds, Series 2009 (bank qualified) (book entry).

Dated Aug 15, 2009.

Due Sep 1, 2011 to 2031.

Callable Sep 1, 2019 at par.

Winning bid: Hutchinson Shockey, at 100.0000, TIC 5.2835%.

Due Amount Cpn Yield Conc Ins
9/1/11 $35,000 4.00% 2.00%
9/1/12 $35,000 3.00% 2.25%
9/1/13 $40,000 3.00% 2.50%
9/1/14 $40,000 3.00% 3.00%
9/1/15 $40,000 6.00% 3.50%
9/1/16 $45,000 6.00% 3.75%
9/1/17 $45,000 6.00% 4.00%
9/1/18 $50,000 6.00% 4.25%
9/1/19 $50,000 5.00% 4.40%
9/1/20 $55,000 5.00% 4.60%
9/1/21 $55,000 5.00% 4.85%
9/1/22 $60,000 5.00% 5.00%
9/1/23 $60,000 5.10% 5.10%
9/1/24 $65,000 5.20% 5.20%
9/1/27 $210,000 5.30% 5.30%
9/1/31 $335,000 5.50% 5.50%

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

F.A.: Specialized Public Finance Inc., Dallas, TX; and Specialized Public Finance Inc., Austin, TX.

Other bidders were:

SAMCO Cap Mkts, TIC 5.5315%

Morgan Keegan, TIC 5.7848%

The Woodlands Road Utility District No. 1

Aug 24, 2009 . . . . . . $13,000,000

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

Dated Sep 1, 2009.

Due Oct 1, 2010 to 2034.

Callable Oct 1, 2018 at par.

Winning bid: Vining-Sparks IBG, at 97.3374, NIC 4.5401%.

Due Amount Cpn Yield Conc Ins
10/1/10 $520,000 3.00% 1.00% AGC
10/1/11 $520,000 3.00% 1.25% AGC
10/1/12 $520,000 3.00% 1.50% AGC
10/1/13 $520,000 3.00% 1.90% AGC
10/1/14 $520,000 3.00% 2.25% AGC
10/1/15 $520,000 3.50% 2.65% AGC
10/1/16 $520,000 3.50% 3.10% AGC
10/1/17 $520,000 3.50% 3.35% AGC
10/1/18 $520,000 4.00% 3.50% AGC
10/1/19 $520,000 4.00% 3.70% AGC
10/1/20 $520,000 4.00% 3.90% AGC
10/1/21 $520,000 4.00% 4.00% AGC
10/1/22 $520,000 4.00% 4.10% AGC
10/1/23 $520,000 4.10% 4.20% AGC
10/1/24 $520,000 4.20% 4.30% AGC
10/1/25 $520,000 4.30% 4.40% AGC
10/1/26 $520,000 4.40% 4.50% AGC
10/1/27 $520,000 4.50% 4.60% AGC
10/1/28 $520,000 4.60% 4.70% AGC
10/1/29 $520,000 4.70% 4.75% AGC
10/1/30 $520,000 4.70% 4.80% AGC
10/1/31 $520,000 4.75% 4.85% AGC
10/1/32 $520,000 4.75% 4.90% AGC
10/1/33 $520,000 4.75% 4.95% AGC
10/1/34 $520,000 4.75% 5.00% AGC

L.O.: Schwartz, Page & Harding, Houston, TX; and State Attorney General.

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

Other bidders were:

SAMCO Cap Mkts, NIC 4.5882%

First Southwest, NIC 4.6105%

Morgan Keegan, NIC 4.6355%

Wells Fargo Advisors, NIC 4.6362%

Morgan Stanley, NIC 4.652%

Sterne Agee, NIC 4.8081%

WISCONSIN

Menomonie Area School District

Aug 24, 2009 . . . . . . $5,000,000

Tax and Revenue Anticipation Promissory Notes (bank qualified) (book entry).

Dated Sep 2, 2009.

Due Aug 30, 2010.

Purchased $5,000,000.00 by M & I Bank, at 1.5%, plus $2,850.00, effective rate 1.4427%.

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

F.A.: Wisconsin Public Finance Professional, LLC, Milwaukee, WI.

Other bidders were:

Oppenheimer, Effective Rate 1.5632%

Janney Montgomery, Effective Rate 2.2486%

Sherwood Village

Aug 24, 2009 . . . . . . $1,475,000

General Obligation Promissory Notes, Series 2009 (bank qualified) (book entry).

Dated Sep 9, 2009.

Due Jun 1, 2011 to 2019.

Callable Jun 1, 2017 at par.

Winning bid: Bankers' Bank, at n/a, TIC 3.0772%.

Due Amount Cpn Yield Conc Ins
6/1/11 $140,000 1.30% NRO NRO
6/1/12 $145,000 1.60% NRO NRO
6/1/13 $150,000 2.00% NRO NRO
6/1/14 $155,000 2.40% NRO NRO
6/1/15 $165,000 2.75% NRO NRO
6/1/16 $170,000 3.10% NRO NRO
6/1/17 $180,000 3.30% NRO NRO
6/1/18 $180,000 3.50% NRO NRO
6/1/19 $190,000 3.60% NRO NRO

L.O.: Foley & Lardner, Milwaukee, WI.

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

Other bidders were:

M & I Bank, TIC 3.2371%

Robert W. Baird, TIC 3.5123%

Cronin, TIC 3.528%

TAXABLE ISSUES

MINNESOTA

Buffalo-Hanover-Montrose Independent School District No. 877

Aug 24, 2009 . . . . . . $10,845,000

General Obligation Taxable OPEB Bonds, Series 2009A (Minnesota School District Credit Enhancement Program) (book entry).

Dated Sep 15, 2009.

Due Feb 1, 2011 to 2023.

Callable Feb 1, 2018 at par.

Winning bid: Vining-Sparks IBG, at 99.0000, TIC 4.7476%.

Due Amount Cpn Yield Conc Ins
2/1/11 $115,000 2.00% NRO NRO
2/1/17 $735,000 4.05% NRO NRO
2/1/18 $765,000 4.20% NRO NRO
2/1/19 $1,670,000 4.40% NRO NRO
2/1/20 $1,760,000 4.55% NRO NRO
2/1/21 $1,855,000 4.70% NRO NRO
2/1/22 $1,960,000 4.80% NRO NRO
2/1/23 $1,985,000 4.90% NRO NRO

L.O.: Knutson, Flynn & Deans, Mendota Heights, MN.

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

Other bidders were:

Piper Jaffray, TIC 4.8596%

Morgan Keegan, TIC 4.9217%

Northland Securities, TIC 4.9286%

BMO Capital Markets, TIC 4.9423%

UBS Financial Svcs, TIC 5.3015%

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Competitive sales results
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