Results of Competitive Sales

ARKANSAS

Harmony Grove School District No. 1 of Saline County

Feb 5, 2009 . . . . . . $6,060,000

Refunding and Construction Bonds (bank qualified) (book entry).

Dated Mar 1, 2009.

Due Feb 1, 2010 to 2039.

Callable Aug 1, 2014 at par.

Winning bid: FTN Fin Cap Mkts, at 98.0000, TIC 4.6151%.

Due Amount Cpn Yield Conc Ins
2/1/11 $210,000 2.10% NRO NRO
2/1/14 $300,000 2.50% NRO NRO
2/1/17 $320,000 3.25% NRO NRO
2/1/20 $350,000 3.40% NRO NRO
2/1/23 $395,000 3.80% NRO NRO
2/1/26 $505,000 4.10% NRO NRO
2/1/29 $705,000 4.30% NRO NRO
2/1/32 $815,000 4.40% NRO NRO
2/1/34 $615,000 4.70% NRO NRO
2/1/36 $680,000 4.80% NRO NRO
2/1/39 $1,165,000 4.90% NRO NRO

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

F.A.: First Security Beardsley Public Finance, Little Rock, AR.

Other bidders were:

Sterne Agee, TIC 4.6264%

Crews & Associates, TIC 4.6643%

Morgan Keegan, TIC 4.6751%

Stephens, TIC 4.8488%

Warren School District No. 1 of Bradley County

Feb 5, 2009 . . . . . . $6,395,000

Refunding Bonds (bank qualified) (book entry).

Dated Feb 1, 2009.

Due Nov 1, 2009 to 2027.

Callable May 1, 2014 at par.

Winning bid: Simmons First Invst, at 99.4730, TIC 3.6703%.

Due Amount Cpn Yield Conc Ins
11/1/09 $115,000 2.75% NRO NRO
11/1/10 $280,000 2.80% NRO NRO
11/1/11 $275,000 3.00% NRO NRO
11/1/12 $280,000 3.00% NRO NRO
11/1/13 $290,000 3.00% NRO NRO
11/1/14 $295,000 3.00% NRO NRO
11/1/15 $300,000 3.00% NRO NRO
11/1/16 $310,000 3.00% NRO NRO
11/1/17 $315,000 3.15% NRO NRO
11/1/18 $330,000 3.25% NRO NRO
11/1/19 $335,000 3.30% NRO NRO
11/1/20 $350,000 3.40% NRO NRO
11/1/21 $365,000 3.50% NRO NRO
11/1/22 $375,000 3.60% NRO NRO
11/1/23 $395,000 3.75% NRO NRO
11/1/24 $415,000 3.75% NRO NRO
11/1/25 $435,000 4.00% NRO NRO
11/1/26 $455,000 4.10% NRO NRO
11/1/27 $480,000 4.125% NRO NRO

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

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

Other bidders were:

Crews & Associates, TIC 3.7205%

FTN Fin Cap Mkts, TIC 3.7621%

Sterne Agee, TIC 3.7653%

Morgan Keegan, TIC 3.8225%

Stephens, TIC 3.8677%

CALIFORNIA

Sonoma Valley Health Care District

Feb 5, 2009 . . . . . . $12,000,000

General Obligation Bonds, Election of 2008, Series A (2009) (book entry).

Dated Feb 24, 2009.

Due Aug 1, 2013 to 2029.

Callable Aug 1, 2014 at par.

Winning bid: Citigroup, at 104.0000, TIC 5.8079%.

Due Amount Cpn Yield Conc Ins
8/1/13 $25,000 8.75% 2.50% AGC
8/1/14 $95,000 8.75% 3.00% AGC
8/1/15 $150,000 8.75% 2.65% AGC
8/1/16 $225,000 8.75% 2.75% AGC
8/1/17 $290,000 8.75% 3.10% AGC
8/1/18 $355,000 8.75% 3.25% AGC
8/1/19 $430,000 8.75% 3.50% AGC
8/1/20 $510,000 8.75% 3.75% AGC
8/1/21 $600,000 8.75% 4.00% AGC
8/1/22 $700,000 8.00% 4.00% AGC
8/1/23 $810,000 6.375% 4.50% AGC
8/1/25 $1,990,000 5.375% 5.00% AGC
8/1/27 $2,565,000 5.50% 5.25% AGC
8/1/29 $3,255,000 5.50% 5.40% AGC

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

L.O.: Quint & Thimmig, San Francisco, CA.

F.A.: G.L. Hicks Financial, Provo, UT.

Other bidders were:

Hutchinson Shockey, TIC 6.0289%

Piper Jaffray, TIC 6.0717%

UBS Financial Svcs, TIC 6.0895%

Merrill Lynch, TIC 6.2053%

Robert W. Baird, TIC 6.2211%

CONNECTICUT

Vernon (Town)

Feb 5, 2009 . . . . . . $3,710,000

General Obligation Bond Anticipation Notes (book entry).

Dated Feb 12, 2009.

Due Feb 11, 2010.

Purchased $3,710,000.00 by Eastern Bank, at 1.5%, plus $15,390.73, effective rate 1.084%.

L.O.: Day Pitney LLP, Hartford, CT.

F.A.: Independent Bond & Investment Consultants (IBIC), Madison, CT.

Other bidders were:

Janney Montgomery, Effective Rate 2.1307%

Vernon (Town)

Feb 5, 2009 . . . . . . $10,875,000

General Obligation Bonds (book entry).

Dated Feb 1, 2009.

Due Feb 1, 2012 to 2024.

Callable Feb 1, 2014 at par.

Winning bid: Roosevelt & Cross, at 100.0000, TIC 3.5702%.

Due Amount Cpn Yield Conc Ins
2/1/12 $675,000 4.50% NRO NRO AGC
2/1/13 $675,000 4.25% NRO NRO AGC
2/1/14 $675,000 4.25% NRO NRO AGC
2/1/15 $675,000 2.50% NRO NRO AGC
2/1/16 $675,000 2.50% NRO NRO AGC
2/1/17 $750,000 2.50% NRO NRO AGC
2/1/18 $900,000 3.00% NRO NRO AGC
2/1/19 $975,000 3.25% NRO NRO AGC
2/1/20 $975,000 3.50% NRO NRO AGC
2/1/21 $975,000 3.75% NRO NRO AGC
2/1/22 $975,000 4.00% NRO NRO AGC
2/1/23 $975,000 4.00% NRO NRO AGC
2/1/24 $975,000 4.00% NRO NRO AGC

Other managers: Citigroup Global Markets, Inc., UBS Financial Services, Inc., Fidelity Capital Markets Services, Wachovia Securities, LLC, CL King & Associates.

L.O.: Day Pitney LLP, Hartford, CT.

F.A.: Independent Bond & Investment Consultants (IBIC), Madison, CT.

Other bidders were:

Morgan Stanley, TIC 3.655%

TD Securities, TIC 3.6869%

Piper Jaffray, TIC 4.047%

ILLINOIS

Ela Area Public Library District

Feb 5, 2009 . . . . . . $3,535,000

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

Dated Mar 5, 2009.

Due Dec 30, 2009 to 2012.

Non-callable.

Winning bid: Bernardi Securities, at 99.6250, TIC 1.9125%.

Due Amount Cpn Yield Conc Ins
12/30/09 $920,000 1.30% 1.30%
12/30/10 $930,000 1.50% 1.50%
12/30/11 $955,000 1.75% 1.75%
12/30/12 $730,000 2.00% 2.00%

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

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

Other bidders were:

Morgan Keegan, TIC 2.0672%

UMB Bank, TIC 2.2135%

BMO Capital Markets, TIC 2.7289%

Homewood Public Library District

Feb 4, 2009 . . . . . . $1,300,000

General Obligation (Limited Tax) Debt Certificates, Series 2009 (bank qualified) (book entry).

Dated Feb 25, 2009.

Due Apr 1, 2010 to 2020.

Callable Apr 1, 2017 at par.

Winning bid: UMB Bank, at 100.0200, TIC 3.1409%.

Due Amount Cpn Yield Conc Ins
4/1/10 $100,000 2.25% NRO NRO
4/1/11 $105,000 2.25% NRO NRO
4/1/12 $105,000 3.00% NRO NRO
4/1/13 $110,000 3.00% NRO NRO
4/1/14 $115,000 3.00% NRO NRO
4/1/15 $120,000 3.00% NRO NRO
4/1/16 $120,000 3.00% NRO NRO
4/1/17 $125,000 3.00% NRO NRO
4/1/18 $130,000 3.20% NRO NRO
4/1/19 $135,000 3.35% NRO NRO
4/1/20 $135,000 3.55% NRO NRO

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

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

Other bidders were:

BMO Capital Markets, TIC 3.5719%

Bernardi Securities, TIC 4.2615%

KENTUCKY

Kenton County School District Finance Corporation

Feb 5, 2009 . . . . . . $3,355,000

School Building Revenue Refunding Bonds, Series 2009B (book entry).

Dated Feb 1, 2009.

Due Jun 1, 2009 to Dec 1, 2019.

Non-callable.

Winning bid: Ross Sinclaire, at 99.2758, NIC 3.1109%.

Due Amount Cpn Yield Conc Ins
12/1/10 $120,000 1.70% NRO NRO
12/1/11 $330,000 2.00% NRO NRO
12/1/12 $335,000 2.00% NRO NRO
12/1/13 $350,000 2.50% NRO NRO
12/1/14 $355,000 3.00% NRO NRO
12/1/15 $370,000 3.00% NRO NRO
12/1/16 $385,000 3.00% NRO NRO
12/1/17 $395,000 3.125% NRO NRO
12/1/18 $410,000 3.30% NRO NRO
12/1/19 $305,000 3.50% NRO NRO

Other managers: J.J.B. Hilliard, W.L. Lyons, Inc., Duncan-WIlliams, Inc., NatCity Investments, Inc..

L.O.: Peck, Shaffer & Williams, Covington, KY.

F.A.: Ross, Sinclaire & Associates, Inc., Frankfort, KY.

MASSACHUSETTS

Rockport (Town)

Feb 5, 2009 . . . . . . $2,651,520

Bond Anticipation Notes (bank qualified).

Dated Feb 19, 2009.

Due Jun 26, 2009.

Purchased $2,651,520.00 by TD Securities, at 1.5%, plus $6,310.62, effective rate 0.8254%.

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

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

Other bidders were:

Eastern Bank, Effective Rate 1.448%

Janney Montgomery, Effective Rate 2.4325%

MINNESOTA

Duluth (City)

Feb 5, 2009 . . . . . . $1,640,000

General Obligation Utilities Revenue Bonds, Series 2009A (book entry).

Dated Feb 19, 2009.

Due Feb 1, 2010 to 2024.

Callable Feb 1, 2017 at par.

Winning bid: UBS Financial Svcs, at 100.7325, TIC 3.3671%.

Due Amount Cpn Yield Conc Ins
2/1/10 $85,000 2.00% 0.75%
2/1/11 $90,000 2.00% 1.25%
2/1/12 $95,000 2.50% 1.40%
2/1/13 $95,000 2.50% 1.58%
2/1/14 $100,000 3.00% 1.87%
2/1/15 $100,000 3.00% 2.05%
2/1/16 $105,000 3.00% 2.27%
2/1/17 $110,000 3.00% 2.52%
2/1/18 $110,000 3.25% 2.75%
2/1/19 $115,000 3.50% 3.02%
2/1/20 $120,000 3.50% 3.28%
2/1/21 $125,000 3.50% 3.58%
2/1/22 $125,000 3.75% 3.78%
2/1/23 $130,000 4.00% 3.97%
2/1/24 $135,000 4.00% 4.15%

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

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

Other bidders were:

Hutchinson Shockey, TIC 3.5362%

Northland Securities, TIC 3.5444%

Wachovia Securities, TIC 3.5537%

Cronin, TIC 3.8312%

NEW JERSEY

Alpine Borough

Feb 5, 2009 . . . . . . $1,180,000

Bond Anticipation Notes (bank qualified).

Dated Feb 12, 2009.

Due Feb 11, 2010.

Purchased $1,180,000.00 by TD Securities, at 2.0%, plus $4,495.80, effective rate 1.6179%.

L.O.: Wilentz, Goldman & Spitzer, Woodbridge, NJ.

F.A.: Municipal Official(s).

Other bidders were:

Sovereign Securities, Effective Rate 2.0595%

Bank of America, Effective Rate 2.1%

Janney Montgomery, Effective Rate 2.3616%

Monroe Township

Feb 5, 2009 . . . . . . $31,420,000

Bond Anticipation Notes (book entry).

Dated Feb 11, 2009.

Due Feb 10, 2010.

Purchased $31,420,000.00 by DEPFA First Albany, at 2.0%, plus $439,880.00, effective rate 0.5961%.

L.O.: Wilentz, Goldman & Spitzer, Woodbridge, NJ.

F.A.: Municipal Official(s).

Other bidders were:

Wachovia Bank, Effective Rate 0.5971%

TD Securities, Effective Rate 0.6193%

Janney Montgomery, Effective Rate 0.7796%

Oakland Borough

Feb 5, 2009 . . . . . . $6,226,925

Bond Anticipation Notes (bank qualified).

Dated Feb 11, 2009.

Due Feb 11, 2010.

Purchased $6,226,930.00 by Sovereign Securities, at 2.0%, plus n/a, effective rate n/a.

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

F.A.: Municipal Official(s).

Other bidders were:

TD Securities, Effective Rate 2.28%

Janney Montgomery, Effective Rate 2.967%

Spring Lake Heights Borough

Feb 5, 2009 . . . . . . $400,000

Bond Anticipation Note (bank qualified).

Dated Feb 12, 2009.

Due Feb 12, 2010.

Purchased $400,000.00 by Robert Rothman, at 2.495%, effective rate 2.495%.

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

F.A.: Municipal Official(s).

West Windsor Township

Feb 5, 2009 . . . . . . $1,540,000

Bond Anticipation Note (bank qualified).

Dated Feb 19, 2009.

Due Feb 19, 2010.

Purchased $1,540,000.00 by TD Securities, at 2.0%, plus $10,096.24, effective rate 1.3444%.

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

F.A.: Municipal Official(s).

Other bidders were:

Sovereign Securities, Effective Rate 2.056%

J.P. Morgan Chase, Effective Rate 2.25%

Janney Montgomery, Effective Rate 2.31%

PNC Bank, Effective Rate 2.48%

NEW YORK

Hunter-Tannersville Central School District

Feb 5, 2009 . . . . . . $271,321

School District Serial Bonds, Series 2009A (bank qualified) (book entry).

Dated Feb 19, 2009.

Due Feb 15, 2010 to 2014.

Non-callable.

Winning bid: Bank of Greene Co, at n/a, NIC 2.4776%.

Due Amount Cpn Yield Conc Ins
2/15/10 $51,321 2.09% NRO NRO
2/15/11 $50,000 2.19% NRO NRO
2/15/12 $55,000 2.29% NRO NRO
2/15/13 $55,000 2.48% NRO NRO
2/15/14 $60,000 2.74% NRO NRO

L.O.: Squire, Sanders & Dempsey, New York, NY.

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

Other bidders were:

Roosevelt & Cross, NIC 3.4775%

Sage Rutty, NIC 3.9915%

PENNSYLVANIA

Shikellamy School District

Feb 5, 2009 . . . . . . $8,580,000

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

Dated Mar 15, 2009.

Due Nov 15, 2009 to 2018.

Callable May 15, 2014 at par.

Winning bid: BNY Mellon Cap Mkts, at n/a, TIC 2.7177%.

Due Amount Cpn Yield Conc Ins
11/15/09 $885,000 2.00% 1.30%
11/15/10 $1,065,000 2.00% 1.50%
11/15/11 $1,090,000 2.50% 2.00%
11/15/12 $1,115,000 2.50% 2.13%
11/15/13 $1,135,000 2.50% 2.35%
11/15/14 $780,000 2.50% 2.55%
11/15/15 $800,000 2.65% 2.69%
11/15/16 $705,000 2.85% 2.89%
11/15/17 $495,000 3.00% 3.04%
11/15/18 $510,000 3.15% 3.19%

L.O.: Mette, Evans & Woodside, Harrisburg, PA.

F.A.: Public Financial Management, Inc., Harrisburg, PA.

Other bidders were:

TD Securities, TIC 2.7181%

Boenning&Scattergood, TIC 2.7849%

Roosevelt & Cross, TIC 2.9692%

Morgan Stanley, TIC 3.0005%

SOUTH CAROLINA

Richland County School District No. 2

Feb 4, 2009 . . . . . . $70,000,000

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

Dated Feb 18, 2009.

Due Feb 1, 2013 to 2023.

Callable Feb 1, 2019 at par.

Winning bid: JPMorgan, at 113.4915, TIC 3.4959%.

Due Amount Cpn Yield Conc Ins
2/1/13 $1,000,000 5.00% 1.52%
2/1/14 $1,000,000 5.00% NRO NRO
2/1/15 $3,000,000 5.00% 1.98%
2/1/16 $3,000,000 5.00% 2.18%
2/1/17 $5,000,000 5.00% 2.42%
2/1/18 $5,000,000 5.00% 2.66%
2/1/19 $6,000,000 5.00% 2.92%
2/1/20 $9,000,000 5.00% 3.19%
2/1/21 $13,000,000 5.00% 3.49%
2/1/22 $13,000,000 5.00% 3.69%
2/1/23 $11,000,000 5.00% 3.88%

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

F.A.: Municipal Official(s).

Other bidders were:

UBS Financial Svcs, TIC 3.6073%

Wachovia Bank, TIC 3.61%

Barclays Capital, TIC 3.634%

Morgan Keegan, TIC 3.6589%

RBC Capital Mkts, TIC 3.6621%

Merrill Lynch, TIC 3.6667%

Hutchinson Shockey, TIC 3.6773%

BB&T Cap Mkts, TIC 3.6883%

TEXAS

Bilma Public Utility District

Feb 5, 2009 . . . . . . $4,085,000

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

Dated Mar 1, 2009.

Due Nov 1, 2010 to 2027.

Callable Nov 1, 2016 at par.

Winning bid: RBC Capital Mkts, at 97.0000, NIC 4.7431%.

Due Amount Cpn Yield Conc Ins
11/1/11 $150,000 5.00% 2.25% AGC
11/1/13 $150,000 5.00% 2.75% AGC
11/1/16 $225,000 5.00% 3.50% AGC
11/1/17 $100,000 4.25% 3.65% AGC
11/1/18 $100,000 4.25% 3.80% AGC
11/1/19 $100,000 4.25% 3.90% AGC
11/1/20 $100,000 4.25% 4.00% AGC
11/1/21 $100,000 4.25% 4.10% AGC
11/1/22 $100,000 4.25% 4.20% AGC
11/1/23 $110,000 4.25% 4.30% AGC
11/1/24 $650,000 4.40% NRO NRO AGC
11/1/25 $700,000 4.50% NRO NRO AGC
11/1/26 $725,000 4.60% NRO NRO AGC
11/1/27 $775,000 4.70% NRO NRO AGC

L.O.: Johnson, Radcliffe & Petrov, LLP, Houston, TX; and State Attorney General.

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

Other bidders were:

Bernardi Securities, NIC 5.4041%

Vining-Sparks IBG, NIC 5.4261%

Morgan Stanley, NIC 5.466%

Morgan Keegan, NIC 5.6612%

Fort Bend County Municipal Utility District No. 146

Feb 5, 2009 . . . . . . $4,200,000

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

Dated Feb 1, 2009.

Due Sep 1, 2010 to 2034.

Callable Sep 1, 2018 at par.

Winning bid: First Southwest, at 97.0000, NIC 5.1804%.

Due Amount Cpn Yield Conc Ins
9/1/10 $170,000 5.50% 2.00% AGC
9/1/11 $170,000 5.50% 2.25% AGC
9/1/12 $170,000 5.25% 2.50% AGC
9/1/13 $170,000 5.25% 2.75% AGC
9/1/14 $170,000 5.25% 3.00% AGC
9/1/15 $170,000 5.25% 3.25% AGC
9/1/16 $170,000 5.25% 3.50% AGC
9/1/17 $170,000 5.25% 3.70% AGC
9/1/18 $170,000 5.25% 3.85% AGC
9/1/20 $340,000 4.10% 4.10% AGC
9/1/23 $510,000 4.50% 4.50% AGC
9/1/29 $995,000 4.85% 4.85% AGC
9/1/34 $825,000 5.25% 5.25% AGC

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

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

Other bidders were:

Bernardi Securities, NIC 5.3129%

SAMCO Cap Mkts, NIC 5.4731%

Sterne Agee, NIC 6.5182%

TAXABLE ISSUES

MINNESOTA

Forest Lake Independent School District No. 831

Feb 5, 2009 . . . . . . $6,620,000

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

Dated Mar 1, 2009.

Due Feb 1, 2011 to 2030.

Callable Feb 1, 2019 at par.

Winning bid: Wells Fargo Brkge, at 99.8497, TIC 5.3858%.

Due Amount Cpn Yield Conc Ins
2/1/11 $180,000 3.50% NRO NRO
2/1/12 $190,000 3.50% NRO NRO
2/1/13 $200,000 3.50% NRO NRO
2/1/14 $210,000 4.00% NRO NRO
2/1/15 $220,000 4.00% NRO NRO
2/1/16 $235,000 4.00% NRO NRO
2/1/17 $245,000 4.50% NRO NRO
2/1/18 $260,000 4.50% NRO NRO
2/1/19 $280,000 5.00% NRO NRO
2/1/20 $295,000 5.00% NRO NRO
2/1/21 $315,000 5.10% 5.10%
2/1/22 $335,000 5.20% 5.20%
2/1/23 $355,000 5.30% 5.30%
2/1/24 $380,000 5.40% 5.40%
2/1/25 $410,000 5.50% 5.50%
2/1/26 $435,000 5.60% 5.60%
2/1/27 $465,000 5.70% 5.70%
2/1/28 $500,000 5.80% 5.80%
2/1/29 $535,000 5.875% 5.875%
2/1/30 $575,000 6.00% 6.00%

Other managers: Cronin & Co., Inc..

L.O.: Dorsey & Whitney, Minneapolis, MN.

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

Other bidders were:

Morgan Keegan, TIC 5.4599%

Northland Securities, TIC 5.4705%

BMO Capital Markets, TIC 5.6433%

NEW JERSEY

Haddon Township

Feb 5, 2009 . . . . . . $4,936,708

Taxable Bond Anticipation Notes of 2009, Series A.

Dated Feb 12, 2009.

Due Feb 11, 2010.

Purchased $4,936,710.00 by First Colonial, at 2.0%, effective rate 2.0%.

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

F.A.: Municipal Official(s).

Other bidders were:

Janney Montgomery, Effective Rate 4.0309%

TNC Bank, Effective Rate 4.45%

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