Results of Competitive Sales

ARKANSAS

Cabot School District No. 4 of Lonoke County

May 12, 2010 . . . . . . $32,645,000

Refunding Bonds (Arkansas State School District Credit Enhancement Program) (book entry).

Dated Jun 1, 2010.

Due Feb 1, 2011 to 2032.

Callable Aug 1, 2013 at par.

Winning bid: Crews & Associates, at 98.5070, TIC 3.9445%.

Due Amount Cpn Yield Conc Ins
2/1/11 $100,000 2.00% 0.75%
2/1/12 $985,000 2.00% 1.15%
2/1/13 $1,010,000 2.00% 1.50%
2/1/14 $1,135,000 2.00% 1.85%
2/1/15 $1,130,000 2.00% 2.10%
2/1/16 $1,170,000 2.50% 2.60%
2/1/17 $1,190,000 3.00% 2.90%
2/1/18 $1,235,000 3.00% 3.10%
2/1/19 $1,285,000 3.125% 3.25%
2/1/20 $1,345,000 3.25% 3.40%
2/1/21 $1,415,000 3.375% 3.50%
2/1/22 $1,480,000 3.50% 3.60%
2/1/23 $1,555,000 3.625% 3.70%
2/1/24 $1,635,000 4.00% 3.80%
2/1/25 $1,700,000 4.00% 3.90%
2/1/26 $1,785,000 4.00% 4.00%
2/1/27 $1,865,000 4.00% 4.10%
2/1/28 $1,945,000 4.00% 4.15%
2/1/29 $2,035,000 4.125% 4.20%
2/1/30 $2,120,000 4.125% 4.25%
2/1/31 $2,215,000 4.125% 4.30%
2/1/32 $2,310,000 4.25% 4.35%

Other managers: Edward D. Jones & Co., SAMCO Capital Markets, BOSC, Inc., Citigroup Global Markets, Inc., Wells Fargo Advisors, Southwest Securities, Inc..

L.O.: Friday Eldredge & Clark, Little Rock, AR.

F.A.: Stephens Inc., Little Rock, AR.

Other bidders were:

Stephens, TIC 3.9983%

Morgan Stanley, TIC 4.0716%

Morgan Keegan, TIC 4.1157%

BofA Merrill Lynch, TIC 4.1262%

CALIFORNIA

Petaluma Joint Union High School District

May 12, 2010 . . . . . . $9,095,000

2010 General Obligation Refunding Bonds (bank qualified) (book entry).

Dated Jun 16, 2010.

Due Aug 1, 2011 to 2020.

Callable Aug 1, 2018 at par.

Winning bid: Fidelity Capital, at 103.0607, TIC 3.1779%.

Due Amount Cpn Yield Conc Ins
8/1/11 $410,000 2.00% 0.50%
8/1/12 $415,000 3.00% 0.90%
8/1/13 $405,000 3.00% 1.25%
8/1/14 $245,000 3.50% 1.65%
8/1/15 $235,000 4.00% NRO NRO
8/1/16 $240,000 4.00% NRO NRO
8/1/19 $3,380,000 3.50% NRO NRO
8/1/20 $3,765,000 3.75% NRO NRO

Other managers: UBS Financial Services, Inc..

L.O.: Orrick, Herrington & Sutcliffe, San Francisco, CA.

F.A.: KNN Public Finance, Oakland, CA.

Other bidders were:

Stone & Youngberg, TIC 3.1857%

JPMorgan, TIC 3.3198%

Southwest Securities, TIC 3.3803%

Robert W. Baird, TIC 3.4202%

Morgan Stanley, TIC 3.4778%

FLORIDA

Boca Raton (City)

May 12, 2010 . . . . . . $3,670,000

Special Assessment Improvement Bonds, Series 2010 (Visions 90 Project) (bank qualified) (book entry).

Dated Jun 2, 2010.

Due Jul 1, 2013 to 2030.

Callable Jul 1, 2020 at par.

Winning bid: Raymond James, at 97.6487, TIC 3.8626%.

Due Amount Cpn Yield Conc Ins
7/1/13 $155,000 2.00% NRO NRO
7/1/14 $160,000 2.00% NRO NRO
7/1/15 $160,000 2.50% NRO NRO
7/1/16 $165,000 2.50% NRO NRO
7/1/17 $170,000 3.00% NRO NRO
7/1/18 $175,000 3.00% NRO NRO
7/1/19 $180,000 3.125% NRO NRO
7/1/20 $185,000 3.50% NRO NRO
7/1/21 $195,000 3.50% NRO NRO
7/1/22 $220,000 3.50% NRO NRO
7/1/23 $210,000 3.50% NRO NRO
7/1/24 $215,000 3.625% NRO NRO
7/1/25 $225,000 3.75% NRO NRO
7/1/26 $230,000 3.75% NRO NRO
7/1/27 $240,000 4.00% NRO NRO
7/1/28 $250,000 4.00% NRO NRO
7/1/29 $260,000 4.00% NRO NRO
7/1/30 $275,000 4.125% NRO NRO

L.O.: Greenberg Traurig, P.A., West Palm Beach, FL.

F.A.: Public Financial Management, Inc., Orlando, FL.

Other bidders were:

Southwest Securities, TIC 3.8837%

UBS Financial Svcs, TIC 3.9312%

Bernardi Securities, TIC 4.2652%

Hutchinson Shockey, TIC 4.4638%

IOWA

Logan Magnolia Community School District

May 12, 2010 . . . . . . $1,300,000

General Obligation School Refunding Bonds, Series 2010 (bank qualified) (book entry).

Dated Jul 7, 2010.

Due Dec 1, 2010 to 2014.

Callable Jun 1, 2013 at par.

Winning bid: Hutchinson Shockey, at 99.7264, TIC 1.6288%.

Due Amount Cpn Yield Conc Ins
12/1/10 $145,000 1.40% NRO NRO
6/1/11 $140,000 1.40% NRO NRO
12/1/11 $140,000 1.40% NRO NRO
6/1/12 $150,000 1.40% NRO NRO
12/1/12 $145,000 1.40% NRO NRO
6/1/13 $145,000 1.40% NRO NRO
12/1/13 $150,000 1.50% NRO NRO
6/1/14 $145,000 1.60% NRO NRO
12/1/14 $140,000 1.70% NRO NRO

L.O.: Ahlers & Cooney, P.C., Des Moines, IA.

F.A.: Piper Jaffray & Company, Des Moines, IA.

Other bidders were:

UMB Bank, TIC 1.6877%

Northland Securities, TIC 1.8773%

Piper Jaffray, TIC 2.0186%

Bernardi Securities, TIC 3.3893%

KANSAS

Derby (City)

May 11, 2010 . . . . . . $7,300,000

General Obligation Sales Tax Bonds, Series 2010-B (bank qualified) (book entry).

Dated Jun 1, 2010.

Due Dec 1, 2011 to 2017.

Callable Dec 1, 2014 at par.

Winning bid: UMB Bank, at 99.5600, TIC 2.0709%.

Due Amount Cpn Yield Conc Ins
12/1/11 $825,000 1.00% NRO NRO
12/1/12 $945,000 1.00% NRO NRO
12/1/13 $990,000 1.35% NRO NRO
12/1/14 $1,045,000 1.70% NRO NRO
12/1/15 $1,100,000 1.95% NRO NRO
12/1/16 $1,160,000 2.25% NRO NRO
12/1/17 $1,235,000 2.55% NRO NRO

L.O.: Gilmore & Bell, Wichita, KS.

F.A.: Piper Jaffray & Company, Leawood, KS; and Public Finance Group, Wichita, KS.

Other bidders were:

Morgan Keegan, TIC 2.1155%

Country Club Bank, TIC 2.152%

Robert W. Baird, TIC 2.209%

George K. Baum, TIC 2.3695%

FirstSouthwest, TIC 2.4922%

JPMorgan, TIC 2.4966%

KENTUCKY

Christian County

May 12, 2010 . . . . . . $1,960,000

General Obligation Refunding Bonds, Series 2010B (bank qualified) (book entry).

Dated Jun 1, 2010.

Due Dec 1, 2010 to 2019.

Non-callable.

Winning bid: Morgan Keegan, at 99.9970, NIC 2.5841%.

Due Amount Cpn Yield Conc Ins
12/1/10 $180,000 2.00% NRO NRO
12/1/11 $180,000 2.00% NRO NRO
12/1/12 $185,000 2.00% NRO NRO
12/1/13 $190,000 2.00% NRO NRO
12/1/14 $195,000 2.00% NRO NRO
12/1/15 $195,000 2.00% NRO NRO
12/1/16 $200,000 2.50% NRO NRO
12/1/17 $205,000 2.75% NRO NRO
12/1/18 $210,000 3.00% NRO NRO
12/1/19 $220,000 3.125% NRO NRO

L.O.: Rubin & Hays, Louisville, KY.

F.A.: C.D. Bowling & Associates, Lexington, KY.

Other bidders were:

Ross Sinclaire, NIC 2.5907%

J.J.B. Hilliard, NIC 2.6357%

MASSACHUSETTS

Billerica (Town)

May 12, 2010 . . . . . . $10,703,000

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

Dated May 21, 2010.

Due May 20, 2011.

Purchased $10,703,000.00 by Jefferies, at 1.5%, plus $108,316.00, effective rate 0.485%.

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

F.A.: Eastern Bank Municipal Finance, Boston, MA.

Other bidders were:

TD Securities, Effective Rate 0.5148%

Eastern Bank, Effective Rate 0.5188%

Oppenheimer, Effective Rate 0.5738%

Janney Montgomery, Effective Rate 0.7987%

FTN Fin Cap Mkts, Effective Rate 0.899%

Braintree (Town)

May 12, 2010 . . . . . . $6,782,000

General Obligation Municipal Purpose Loan of 2010 Bonds (bank qualified) (book entry).

Dated May 15, 2010.

Due May 15, 2011 to 2030.

Callable May 15, 2020 at par.

Winning bid: Hutchinson Shockey, at 101.0611, TIC 3.1648%.

Due Amount Cpn Yield Conc Ins
5/15/11 $537,000 4.00% 0.48%
5/15/12 $530,000 1.50% 0.75%
5/15/13 $530,000 2.00% 1.10%
5/15/14 $530,000 3.00% 1.40%
5/15/15 $530,000 3.00% 1.75%
5/15/16 $360,000 3.00% 2.15%
5/15/17 $360,000 3.00% 2.50%
5/15/18 $360,000 3.00% 2.70%
5/15/19 $350,000 3.00% 2.90%
5/15/20 $350,000 4.00% 3.05%
5/15/21 $260,000 4.50% 3.20%
5/15/22 $260,000 3.25% 3.28%
5/15/23 $255,000 3.25% 3.38%
5/15/24 $255,000 3.25% 3.48%
5/15/25 $255,000 3.50% 3.58%
5/15/26 $215,000 3.50% 3.68%
5/15/27 $215,000 2.00% 3.75%
5/15/30 $630,000 4.00% 4.00%

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

F.A.: FirstSouthwest, Boston, MA.

Other bidders were:

Eastern Bk Cap Mkts, TIC 3.2108%

Fidelity Capital, TIC 3.2182%

Robert W. Baird, TIC 3.2486%

FTN Fin Cap Mkts, TIC 3.3857%

Morgan Keegan, TIC 3.6812%

FirstSouthwest, TIC 4.5212%

Methuen (City)

May 12, 2010 . . . . . . $1,000,000

General Obligation Bond Anticipation Notes (Renewal) (bank qualified).

Dated May 21, 2010.

Due May 20, 2011.

Purchased $1,000,000.00 by Century Bk, at 1.33%, plus $6,300.00, effective rate 0.6982%.

L.O.: Devine, Millimet & Branch, PA, Andover, MA.

F.A.: FirstSouthwest, Boston, MA.

Other bidders were:

Eastern Bank, Effective Rate 0.978%

TD Bank, N.A., Effective Rate 1.1182%

Janney Montgomery, Effective Rate 1.3532%

Oppenheimer, Effective Rate 1.5641%

MICHIGAN

Holland (City)

May 12, 2010 . . . . . . $5,500,000

Capital Improvement Bonds (Limited Tax General Obligation), Series 2010 (bank qualified) (book entry).

Dated May 26, 2010.

Due Aug 1, 2011 to 2019.

Non-callable.

Winning bid: Chemical Bk, at n/a, TIC 2.7449%.

Due Amount Cpn Yield Conc Ins
8/1/11 $520,000 1.25% NRO NRO
8/1/12 $540,000 1.55% NRO NRO
8/1/13 $560,000 1.95% NRO NRO
8/1/14 $585,000 2.25% NRO NRO
8/1/15 $605,000 2.55% NRO NRO
8/1/16 $630,000 2.75% NRO NRO
8/1/17 $660,000 2.95% NRO NRO
8/1/18 $685,000 3.10% NRO NRO
8/1/19 $715,000 3.20% NRO NRO

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

F.A.: Public Financial Management, Inc., Ann Arbor, MI.

Other bidders were:

Hutchinson Shockey, TIC 2.8001%

Raymond James, TIC 2.8858%

Wells Fargo Advisors, TIC 2.8994%

Morgan Keegan, TIC 2.901%

Robert W. Baird, TIC 2.9364%

Fifth Third Sec, TIC 2.9724%

BMO Capital Markets, TIC 3.0158%

NEW JERSEY

Holmdel Township

May 12, 2010 . . . . . . $2,873,431

General Obligation Bond Anticipation Notes (bank qualified).

Dated May 19, 2010.

Due May 19, 2011.

Purchased $2,873,430.00 by Wells Fargo Secs, at 0.8388%, effective rate 0.8388%.

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

F.A.: Municipal Official(s).

Other bidders were:

Beneficial Bk, Effective Rate 1.032%

Jefferies, Effective Rate 1.135%

Janney Montgomery, Effective Rate 1.165%

Bank of America, Effective Rate 1.27%

Oppenheimer, Effective Rate 1.308%

Sun National Bank, Effective Rate 1.58%

NEW YORK

Brocton Village

May 12, 2010 . . . . . . $556,750

Public Improvement Bonds, 2010 (bank qualified).

Dated May 26, 2010.

Due May 15, 2011 to 2030.

Callable May 15, 2020 at par.

Winning bid: Roosevelt & Cross, at n/a, NIC 4.9288%.

Due Amount Cpn Yield Conc Ins
5/15/11 $16,750 4.75% NRO NRO
5/15/12 $20,000 4.75% NRO NRO
5/15/13 $20,000 4.75% NRO NRO
5/15/14 $20,000 4.75% NRO NRO
5/15/15 $20,000 4.75% NRO NRO
5/15/16 $20,000 4.75% NRO NRO
5/15/17 $25,000 4.75% NRO NRO
5/15/18 $25,000 4.75% NRO NRO
5/15/19 $25,000 4.75% NRO NRO
5/15/20 $25,000 4.75% NRO NRO
5/15/21 $25,000 4.75% NRO NRO
5/15/22 $30,000 4.75% NRO NRO
5/15/23 $30,000 5.00% NRO NRO
5/15/24 $30,000 5.00% NRO NRO
5/15/25 $35,000 5.00% NRO NRO
5/15/26 $35,000 5.00% NRO NRO
5/15/27 $35,000 5.00% NRO NRO
5/15/28 $40,000 5.00% NRO NRO
5/15/29 $40,000 5.00% NRO NRO
5/15/30 $40,000 5.00% NRO NRO

L.O.: Hodgson, Russ LLP, Buffalo, NY.

F.A.: Municipal Solutions, Inc, Canandaigua, NY.

Mount Kisco Village

May 12, 2010 . . . . . . $875,000

Library Construction Bond Anticipation Note-2010 (bank qualified).

Dated May 18, 2010.

Due May 18, 2011.

Purchased $875,000.00 by Jefferies, at 1.5%, plus $4,158.00, effective rate 1.0248%.

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

F.A.: Capital Markets Advisors, LLC, Great Neck, NY.

Other bidders were:

J.P. Morgan Chase, Effective Rate 1.23%

Oppenheimer, Effective Rate 1.3689%

OKLAHOMA

Creek County Independent School District No. 3 (Mannford)

May 12, 2010 . . . . . . $575,000

Building Bonds of 2010 (bank qualified) (book entry).

Dated Jul 1, 2010.

Due Jul 1, 2012 to 2015.

Non-callable.

Winning bid: Baker Group, at n/a, NIC 1.8841%.

Due Amount Cpn Yield Conc Ins
7/1/12 $50,000 2.25% NRO NRO
7/1/13 $175,000 1.50% NRO NRO
7/1/14 $175,000 1.85% NRO NRO
7/1/15 $175,000 2.10% NRO NRO

In association with: The American Heritage Bank.

L.O.: Phillips Murrah, P.C., Oklahoma City, OK; and State Attorney General.

F.A.: Stephen L. Smith Corp., Jenks, OK.

Other bidders were:

UMB Bank, NIC 2.0966%

Country Club Bank, NIC 2.1716%

BOSC, NIC 2.2926%

Lincoln County Independent School District No. 103 (Prague)

May 12, 2010 . . . . . . $240,000

Building Bonds of 2010 (bank qualified) (book entry).

Dated Jul 1, 2010.

Due Jul 1, 2012.

Non-callable.

Winning bid: Baker Group, at n/a, NIC 1.35%.

Due Amount Cpn Yield Conc Ins
7/1/12 $240,000 1.35% NRO NRO

In association with: Security State Bank of Wewoka.

L.O.: Phillips Murrah, P.C., Oklahoma City, OK; and State Attorney General.

F.A.: Stephen L. Smith Corp., Jenks, OK.

Other bidders were:

UMB Bank, NIC 1.48%

BOSC, NIC 1.6%

BancFirst, NIC 1.75%

Tulsa County Independent School District No. 14 (Liberty)

May 12, 2010 . . . . . . $200,000

Combined Purpose Bonds of 2010 (bank qualified) (book entry).

Dated Jul 1, 2010.

Due Jul 1, 2012 to 2015.

Non-callable.

Winning bid: BOSC, at n/a, NIC 1.9071%.

Due Amount Cpn Yield Conc Ins
7/1/12 $50,000 2.60% 1.25%
7/1/13 $50,000 1.50% 1.50%
7/1/14 $50,000 1.75% 1.75%
7/1/15 $50,000 2.00% 2.00%

In association with: Citizens Security Bank and Trust Company.

L.O.: State Attorney General.

F.A.: Stephen H. McDonald & Associates, Inc., Norman, OK.

Other bidders were:

Country Club Bank, NIC 2.35%

SOUTH CAROLINA

Richland County School District No. 2

May 12, 2010 . . . . . . $9,560,000

General Obligation Bonds, Series 2010B (Tax-Exempt) (book entry).

Dated May 25, 2010.

Due May 1, 2011 to 2013.

Non-callable.

Winning bid: UBS Financial Svcs, at 103.5197, TIC 0.9343%.

Due Amount Cpn Yield Conc Ins
5/1/11 $4,000,000 3.00% NRO NRO SCSDE
5/1/12 $3,560,000 3.00% NRO NRO SCSDE
5/1/13 $2,000,000 3.00% NRO NRO SCSDE

Other managers: Citigroup Global Markets, Inc..

In association with: Wiley Bros.-Aintree Capital LLC., Protective Securities A Division of ProEquities.

L.O.: Nexsen Pruet LLC, Columbia, SC.

F.A.: Davenport & Company LLC, Charlotte, NC.

Other bidders were:

Hutchinson Shockey, TIC 0.9635%

Morgan Stanley, TIC 1.0377%

JPMorgan, TIC 1.0387%

Wells Fargo Secs, TIC 1.1278%

BOSC, TIC 1.2306%

BB&T Cap Mkts, TIC 1.2361%

VIRGINIA

Virginia Beach Development Authority

May 12, 2010 . . . . . . $40,450,000

Public Facility Refunding Revenue Bonds, Series 2010C (book entry).

Dated May 25, 2010.

Due Aug 1, 2010 to 2023.

Callable Aug 1, 2020 at par.

Winning bid: Morgan Keegan, at 113.3431, TIC 3.3969%.

Due Amount Cpn Yield Conc Ins
8/1/10 $495,000 2.00% 0.40%
8/1/16 $4,595,000 5.00% 2.38%
8/1/17 $4,840,000 5.00% 2.68%
8/1/18 $5,090,000 5.00% 2.87%
8/1/20 $4,930,000 5.00% 3.20%
8/1/21 $5,190,000 5.00% 3.30%
8/1/22 $10,330,000 5.00% 3.38%
8/1/23 $4,980,000 5.00% 3.46%

Other managers: Robert W. Baird & Co., Inc., Davenport & Company LLC, Fidelity Capital Markets, Loop Capital Markets, LLC, NW Capital Markets Inc., CL King & Associates, Kildare Capital, Inc., Crews & Associates, Inc., Duncan-Williams, Inc., William Blair & Company, LLC.

L.O.: Troutman Sanders LLP, Richmond, VA.

F.A.: Government Finance Associates, Inc., New York, NY.

Other bidders were:

Hutchinson Shockey, TIC 3.3989%

Wells Fargo Secs, TIC 3.4094%

Barclays Capital, TIC 3.4315%

BB&T Cap Mkts, TIC 3.4484%

Citigroup, TIC 3.5089%

Virginia Beach Development Authority

May 12, 2010 . . . . . . $98,035,000

Public Facility Refunding Revenue Bonds, Series 2010B (book entry).

Dated May 25, 2010.

Due Aug 1, 2010 to 2022.

Callable Aug 1, 2020 at par.

Winning bid: Morgan Keegan, at 112.7208, TIC 2.9936%.

Due Amount Cpn Yield Conc Ins
8/1/10 $1,525,000 2.00% 0.40%
8/1/11 $210,000 2.00% 0.56%
8/1/12 $220,000 2.00% 0.88%
8/1/13 $225,000 2.00% 1.24%
8/1/14 $9,330,000 4.00% 1.65%
8/1/15 $9,830,000 4.00% 2.00%
8/1/16 $10,450,000 5.00% 2.38%
8/1/17 $11,135,000 5.00% 2.68%
8/1/18 $11,860,000 5.00% 2.87%
8/1/19 $12,635,000 5.00% 3.05%
8/1/20 $13,450,000 5.00% 3.20%
8/1/21 $14,285,000 5.00% 3.30%
8/1/22 $2,880,000 4.00% 3.40%

Other managers: Robert W. Baird & Co., Inc., Davenport & Company LLC, Fidelity Capital Markets, Loop Capital Markets, LLC, NW Capital Markets Inc., CL King & Associates, Kildare Capital, Inc., Crews & Associates, Inc., Duncan-Williams, Inc., William Blair & Company, LLC.

L.O.: Troutman Sanders LLP, Richmond, VA.

F.A.: Government Finance Associates, Inc., New York, NY.

Other bidders were:

JPMorgan, TIC 3.0024%

Wells Fargo Secs, TIC 3.0147%

Barclays Capital, TIC 3.0425%

Citigroup, TIC 3.0652%

Virginia Transportation Board

May 12, 2010 . . . . . . $492,665,000

Transportation Capital Projects Revenue Bonds, Series 2010A (book entry). $85,515,000

Dated May 26, 2010.

Due May 15, 2011 to 2016.

The bonds shall be callable in accordance with the specification.

Winning bid: Goldman Sachs, at n/a, TIC 3.2476%.

Due Amount Cpn Yield Conc Ins
5/15/11 $13,360,000 2.50% NRO NRO
5/15/12 $13,320,000 5.00% NRO NRO
5/15/13 $13,855,000 5.00% 1.14%
5/15/14 $14,410,000 5.00% 1.55%
5/15/15 $14,985,000 5.00% 1.89%
5/15/16 $15,585,000 5.00% NRO NRO

L.O.: McGuireWoods LLP, Richmond, VA.

F.A.: Public Resources Advisory Group, New York, NY.

Other bidders were:

BofA Merrill Lynch, TIC 3.2477%

JPMorgan, TIC 3.2623%

Wells Fargo Secs, TIC 3.2701%

Citigroup, TIC 3.2884%

Morgan Stanley, TIC 3.2982%

Barclays Capital, TIC 3.3329%

WASHINGTON

Mount Vernon School District No. 320

May 12, 2010 . . . . . . $7,695,000

Unlimited Tax General Obligation Refunding Bonds, 2010 (Washington State SD Credit Enhancement Program) (bank qualified) (book entry).

Dated May 25, 2010.

Due Dec 1, 2010 to 2019.

Non-callable.

Winning bid: BOSC, at 107.8181, TIC 2.7861%.

Due Amount Cpn Yield Conc Ins
12/1/10 $30,000 2.00% 0.70%
12/1/11 $30,000 2.00% 0.80%
12/1/12 $580,000 2.00% 1.05%
12/1/13 $605,000 2.00% 1.42%
12/1/14 $640,000 3.00% NRO NRO
12/1/15 $675,000 4.00% NRO NRO
12/1/16 $725,000 4.00% NRO NRO
12/1/17 $770,000 4.00% NRO NRO
12/1/18 $820,000 4.00% NRO NRO
12/1/19 $2,820,000 4.50% NRO NRO

Other managers: Southwest Securities, Inc., R H Investment Corp..

L.O.: K&L Gates LLP, Seattle, WA.

F.A.: SDM Advisors, Inc., Mt Vernon, WA.

Other bidders were:

FirstSouthwest, TIC 2.7887%

UBS Financial Svcs, TIC 2.7942%

Robert W. Baird, TIC 2.8008%

Hutchinson Shockey, TIC 2.8269%

Piper Jaffray, TIC 2.8393%

Morgan Keegan, TIC 2.8429%

BMO Capital Markets, TIC 2.9074%

Wells Fargo Advisors, TIC 2.9722%

Morgan Stanley, TIC 3.0082%

Seattle-Northwest, TIC 4.2459%

TAXABLE ISSUES

KENTUCKY

Christian County

May 12, 2010 . . . . . . $2,055,000

General Obligation Bonds, Taxable Series 2010A (Recovery Zone Economic Development Bonds) (book entry).

Dated Jun 1, 2010.

Due Jun 1, 2011 to 2020.

Non-callable.

Winning bid: J.J.B. Hilliard, at 99.3100, NIC 3.7229%.

Due Amount Cpn Yield Conc Ins
6/1/20 $2,055,000 3.60% NRO NRO

L.O.: Rubin & Hays, Louisville, KY.

F.A.: C.D. Bowling & Associates, Lexington, KY.

Other bidders were:

Ross Sinclaire, NIC 3.7291%

BMO Capital Markets, NIC 4.1326%

Morgan Keegan, NIC 4.1798%

MICHIGAN

Hillsdale County

May 12, 2010 . . . . . . $3,800,000

General Obligation Limited Tax Notes, Series 2010.

Dated May 27, 2010.

Due Oct 1, 2010 to 2012.

Callable Apr 1, 2012 at par.

Winning bid: Century Bk, at n/a, NIC 2.901%.

Due Amount Cpn Yield Conc Ins
10/1/10 $700,000 1.00% NRO NRO
4/1/11 $1,200,000 1.60% NRO NRO
10/1/11 $600,000 2.55% NRO NRO
4/1/12 $700,000 3.30% NRO NRO
10/1/12 $600,000 4.00% NRO NRO

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

F.A.: ACI Finance Inc., Mason, MI.

SOUTH CAROLINA

Richland County School District No. 2

May 12, 2010 . . . . . . $18,235,000

General Obligation Bonds, Series 2010A (Taxable Qualified School Construction Bonds- Direct Payment) (book entry).

Dated May 25, 2010.

Due May 1, 2011 to 2027.

Callable May 1, 2020 at par.

Winning bid: BMO Capital Markets, at 100.0000, TIC 4.3898%.

Due Amount Cpn Yield Conc Ins
5/1/11 $1,035,000 0.75% NRO NRO SCSDE
5/1/12 $1,075,000 1.30% NRO NRO SCSDE
5/1/13 $1,075,000 2.125% NRO NRO SCSDE
5/1/14 $1,075,000 2.40% NRO NRO SCSDE
5/1/15 $1,075,000 2.875% NRO NRO SCSDE
5/1/16 $1,075,000 3.20% NRO NRO SCSDE
5/1/17 $1,075,000 3.70% NRO NRO SCSDE
5/1/18 $1,075,000 4.25% NRO NRO SCSDE
5/1/19 $1,075,000 4.40% NRO NRO SCSDE
5/1/20 $1,075,000 4.50% NRO NRO SCSDE
5/1/21 $1,075,000 4.625% NRO NRO SCSDE
5/1/22 $1,075,000 4.75% NRO NRO SCSDE
5/1/23 $1,075,000 4.80% NRO NRO SCSDE
5/1/24 $1,075,000 4.90% NRO NRO SCSDE
5/1/25 $1,075,000 5.00% NRO NRO SCSDE
5/1/26 $1,075,000 5.10% NRO NRO SCSDE
5/1/27 $1,075,000 5.20% NRO NRO SCSDE

Other managers: Stifel, Nicolaus & Co., Inc., FirstSouthwest, SunTrust Robinson Humphrey.

L.O.: Nexsen Pruet LLC, Columbia, SC.

F.A.: Davenport & Company LLC, Charlotte, NC.

Other bidders were:

Morgan Keegan, TIC 4.4719%

Ramirez, TIC 4.56%

Sterne Agee, TIC 4.5731%

Wells Fargo Advisors, TIC 4.9799%

VIRGINIA

Virginia Transportation Board

May 12, 2010 . . . . . . $492,665,000

Transportation Capital Projects Revenue Bonds, Series 2010A (Taxable Build America Bonds ) (book entry). $407,150,000

Dated May 26, 2010.

Due May 15, 2017 to 2035.

The bonds shall be callable in accordance with the specification.

Winning bid: Goldman Sachs, at n/a, TIC 3.2476%.

Due Amount Cpn Yield Conc Ins
5/15/17 $15,945,000 3.85% 3.86%
5/15/18 $16,355,000 4.10% 4.11%
5/15/19 $16,815,000 4.20% 4.21%
5/15/20 $17,300,000 4.30% 4.31%
5/15/21 $17,815,000 4.35% 4.36%
5/15/22 $18,355,000 4.45% 4.46%
5/15/23 $18,930,000 4.60% 4.61%
5/15/24 $19,535,000 4.70% 4.71%
5/15/35 $266,100,000 5.35% 5.35%

L.O.: McGuireWoods LLP, Richmond, VA.

F.A.: Public Resources Advisory Group, New York, NY.

Other bidders were:

BofA Merrill Lynch, TIC 3.2477%

JPMorgan, TIC 3.2623%

Wells Fargo Secs, TIC 3.2701%

Citigroup, TIC 3.2884%

Morgan Stanley, TIC 3.2982%

Barclays Capital, TIC 3.3329%

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