Results of Competitive Sales

ARIZONA

Poquito Valley Road Improvement District of Yavapai County

Oct 19, 2009 . . . . . . $1,857,000

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

Dated Nov 1, 2009.

Due Jan 1, 2011 to 2030.

Callable Jan 1, 2020 at par.

Winning bid: Stone & Youngberg, at 100.0115, TIC 6.625%.

Due Amount Cpn Yield Conc Ins
1/1/11 $92,000 6.625% 3.75%
1/1/12 $95,000 6.625% 4.25%
1/1/13 $95,000 6.625% 4.625%
1/1/14 $95,000 6.625% 5.00%
1/1/15 $95,000 6.625% 5.25%
1/1/16 $95,000 6.625% 5.50%
1/1/17 $95,000 6.625% 5.75%
1/1/18 $95,000 6.625% 5.875%
1/1/19 $95,000 6.625% 6.00%
1/1/20 $95,000 6.625% 6.125%
1/1/21 $95,000 6.625% 6.25%
1/1/22 $95,000 6.625% 6.375%
1/1/23 $90,000 6.625% 6.45%
1/1/24 $90,000 6.625% 6.50%
1/1/25 $90,000 6.625% 6.55%
1/1/26 $90,000 6.625% 6.60%
1/1/27 $90,000 6.625% 6.65%
1/1/28 $90,000 6.625% 6.70%
1/1/29 $90,000 6.625% 6.75%
1/1/30 $90,000 6.625% 6.80%

L.O.: Gust Rosenfeld, Phoenix, AZ.

F.A.: Stone & Youngberg LLC, Phoenix, AZ.

ILLINOIS

Des Plaines (City)

Oct 19, 2009 . . . . . . $4,250,000

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

Dated Nov 3, 2009.

Due Dec 1, 2010 to 2018.

Non-callable.

Winning bid: M & I Bank, at 103.1563, TIC 2.2767%.

Due Amount Cpn Yield Conc Ins
12/1/10 $650,000 3.00% NRO NRO
12/1/11 $840,000 3.00% NRO NRO
12/1/12 $860,000 3.00% NRO NRO
12/1/13 $880,000 3.00% NRO NRO
12/1/14 $210,000 3.00% NRO NRO
12/1/15 $205,000 3.00% NRO NRO
12/1/16 $205,000 3.50% NRO NRO
12/1/17 $200,000 3.50% NRO NRO
12/1/18 $200,000 3.75% NRO NRO

L.O.: Katten Muchin Rosenman LLP, Chicago, IL.

F.A.: Speer Financial, Inc., Chicago, IL.

Other bidders were:

Robert W. Baird, TIC 2.2811%

Vining-Sparks IBG, TIC 2.2991%

Piper Jaffray, TIC 2.4245%

BMO Capital Markets, TIC 2.4472%

Morgan Keegan, TIC 2.4934%

Bernardi Securities, TIC 2.6001%

Indian Prairie Community Unit School District No. 204

Oct 19, 2009 . . . . . . $5,000,000

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

Dated Nov 9, 2009.

Due Dec 30, 2014.

Callable Dec 30, 2012 at par.

Winning bid: Stifel Nicolaus, at 99.7700, TIC 2.2972%.

Due Amount Cpn Yield Conc Ins
12/30/14 $5,000,000 2.25% NRO NRO

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

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

Other bidders were:

M & I Bank, TIC 2.7181%

BMO Capital Markets, TIC 2.7181%

Oppenheimer, TIC 3.0995%

Hutchinson Shockey, TIC 3.2722%

North Aurora Village

Oct 19, 2009 . . . . . . $4,525,000

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

Dated Nov 15, 2009.

Due Jan 1, 2011 to 2021.

Callable Jan 1, 2017 at par.

Winning bid: M & I Bank, at n/a, TIC 3.2309%.

Due Amount Cpn Yield Conc Ins
1/1/11 $325,000 2.00% NRO NRO
1/1/12 $345,000 2.00% NRO NRO
1/1/13 $365,000 2.50% NRO NRO
1/1/14 $380,000 2.75% NRO NRO
1/1/15 $400,000 3.25% NRO NRO
1/1/16 $420,000 3.50% NRO NRO
1/1/17 $440,000 3.75% NRO NRO
1/1/18 $465,000 3.75% NRO NRO
1/1/19 $485,000 3.75% NRO NRO
1/1/20 $505,000 3.75% NRO NRO
1/1/21 $395,000 3.75% NRO NRO

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

F.A.: Speer Financial, Inc., Chicago, IL.

Other bidders were:

Robert W. Baird, TIC 3.2954%

Piper Jaffray, TIC 3.3012%

UMB Bank, TIC 3.4482%

Bernardi Securities, TIC 3.6927%

Hutchinson Shockey, TIC 3.7156%

IOWA

Eastern Iowa Community College (Merged Area IX)

Oct 19, 2009 . . . . . . $12,000,000

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

Dated Nov 1, 2009.

Due Jun 1, 2011 to 2020.

Non-callable.

Winning bid: Vining-Sparks IBG, at 100.0885, TIC 3.318%.

Due Amount Cpn Yield Conc Ins
6/1/11 $425,000 2.25% NRO NRO
6/1/12 $565,000 2.25% NRO NRO
6/1/13 $730,000 2.375% NRO NRO
6/1/14 $840,000 2.50% NRO NRO
6/1/15 $1,005,000 3.00% NRO NRO
6/1/16 $1,225,000 3.125% NRO NRO
6/1/17 $1,395,000 3.375% NRO NRO
6/1/18 $1,570,000 3.50% NRO NRO
6/1/19 $1,750,000 3.50% NRO NRO
6/1/20 $2,495,000 3.60% NRO NRO

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

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

Other bidders were:

Piper Jaffray, TIC 3.3331%

M & I Bank, TIC 3.3434%

Hutchinson Shockey, TIC 3.4595%

Morgan Keegan, TIC 3.4676%

BMO Capital Markets, TIC 3.4864%

Northland Securities, TIC 3.7522%

West Hancock Community School District

Oct 19, 2009 . . . . . . $2,705,000

School Infrastructure Sales, Services and Tax Revenue Bonds, Series 2009 (bank qualified) (book entry).

Dated Dec 1, 2009.

Due Jul 1, 2010 to 2029.

Callable Jul 1, 2019 at par.

Winning bid: Robert W. Baird, at 99.3693, TIC 4.7744%.

Due Amount Cpn Yield Conc Ins
7/1/10 $100,000 3.00% 1.40%
7/1/11 $100,000 3.00% 1.80%
7/1/12 $100,000 4.00% 2.30%
7/1/13 $100,000 4.00% 2.70%
7/1/14 $100,000 4.00% 3.10%
7/1/15 $105,000 4.00% 3.55%
7/1/16 $105,000 4.00% 3.80%
7/1/17 $110,000 4.50% 4.00%
7/1/18 $115,000 4.50% 4.20%
7/1/19 $125,000 4.50% 4.30%
7/1/22 $410,000 4.50% 4.60%
7/1/25 $475,000 4.75% 4.80%
7/1/29 $760,000 5.00% 5.00%

Other managers: CL King & Associates, Loop Capital Markets, LLC, Kildare Capital, Inc., SAMCO Capital Markets, Edward D. Jones & Co..

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

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

Other bidders were:

D.A. Davidson, TIC 4.8049%

RBC Capital Markets, TIC 4.8517%

MINNESOTA

Brooklyn Park (City)

Oct 19, 2009 . . . . . . $1,375,000

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

Dated Nov 17, 2009.

Due Feb 1, 2011 to 2014.

Non-callable.

Winning bid: Robert W. Baird, at 100.9477, TIC 1.8166%.

Due Amount Cpn Yield Conc Ins
2/1/11 $360,000 2.00% 0.90%
2/1/12 $355,000 2.00% 1.30%
2/1/13 $335,000 2.00% 1.70%
2/1/14 $325,000 2.50% 2.05%

Other managers: CL King & Associates, Loop Capital Markets, LLC, Davenport & Company LLC, Kildare Capital, Inc., Oppenheimer & Co., Inc..

L.O.: Kennedy & Graven, Minneapolis, MN.

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

Other bidders were:

Cronin, TIC 1.9644%

UMB Bank, TIC 2.0437%

Northland Securities, TIC 2.1982%

M & I Bank, TIC 2.3279%

UBS Financial Svcs, TIC 2.3832%

Wrenshall Independent School District No. 100

Oct 19, 2009 . . . . . . $835,000

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

Dated Nov 5, 2009.

Due Sep 30, 2010.

Purchased $835,000.00 by Oppenheimer, at 2.0%, plus $785.00, effective rate 1.8958%.

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

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

NEW JERSEY

Carteret Borough

Oct 15, 2009 . . . . . . $12,472,163

Bond Anticipation Note Sale (bank qualified).

Dated Oct 22, 2009.

Due Oct 22, 2010.

Purchased $12,472,160.00 by Jefferies, at 1.5%, plus $98,032.00, effective rate 0.714%.

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

F.A.: Municipal Official(s).

Other bidders were:

Valley National Bank, Effective Rate 0.9%

Oppenheimer, Effective Rate 1.0968%

Mount Ephraim Borough

Oct 19, 2009 . . . . . . $1,290,145

Bond Anticipation Notes of 2009, Series A (bank qualified).

Dated Oct 26, 2009.

Due Oct 25, 2010.

Purchased $1,290,150.00 by Beneficial Bk, at 1.12%, effective rate 1.12%.

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

F.A.: Municipal Official(s).

Other bidders were:

First Colonial, Effective Rate 1.29%

Oppenheimer, Effective Rate 2.3636%

Janney Montgomery, Effective Rate 2.4498%

NEW MEXICO

Gallup McKinley County School District No. 1

Oct 19, 2009 . . . . . . $2,520,000

General Obligation Refunding Bonds, Series 2009B (New Mexico Credit Enhancement Program) (bank qualified) (book entry).

Dated Nov 24, 2009.

Due Aug 1, 2010 to 2012.

Non-callable.

Winning bid: Hutchinson Shockey, at 103.5730, TIC 1.3578%.

Due Amount Cpn Yield Conc Ins
8/1/10 $1,500,000 5.00% NRO NRO
8/1/11 $700,000 4.00% NRO NRO
8/1/12 $320,000 4.00% NRO NRO

L.O.: Modrall, Sperling, Roehl, Harris & Sisk, Albuquerque, NM; and State Attorney General.

F.A.: RBC Capital Markets, Albuquerque, NM.

Other bidders were:

Zions First Natl Bk, TIC 1.3611%

First Southwest, TIC 1.5005%

Kious & Co, TIC 1.545%

RBC Capital Mkts, TIC 1.6608%

Robert W. Baird, TIC 1.7058%

WISCONSIN

Belleville Village

Oct 19, 2009 . . . . . . $1,340,000

Bond Anticipation Notes, Series 2009 (bank qualified) (book entry).

Dated Oct 21, 2009.

Due Nov 1, 2010.

Callable May 1, 2010 at par.

Winning bid: Oppenheimer, at n/a, TIC 2.5127%.

Due Amount Cpn Yield Conc Ins
11/1/10 $1,340,000 2.00% NRO NRO

L.O.: Godfrey & Kahn, Milwaukee, WI.

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

Beloit (City)

Oct 19, 2009 . . . . . . $1,345,000

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

Dated Nov 5, 2009.

Due Dec 1, 2010 to 2015.

Non-callable.

Winning bid: Robert W. Baird, at 101.0028, TIC 2.441%.

Due Amount Cpn Yield Conc Ins
12/1/10 $210,000 2.00% 1.05%
12/1/11 $210,000 2.00% 1.35%
12/1/12 $215,000 2.25% 1.75%
12/1/13 $225,000 2.50% 2.15%
12/1/14 $245,000 3.00% 2.55%
12/1/15 $240,000 3.25% 3.00%

Other managers: Loop Capital Markets, LLC, CL King & Associates, Kildare Capital, Inc., Cronin & Co., Inc., Davenport & Company LLC.

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

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

Other bidders were:

M & I Bank, TIC 2.4859%

Wells Fargo Advisors, TIC 2.8961%

Bernardi Securities, TIC 3.3001%

Cambridge School District

Oct 19, 2009 . . . . . . $1,600,000

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

Dated Oct 22, 2009.

Due Sep 22, 2010.

Purchased $1,600,000.00 by Oppenheimer, at 1.5%, plus $5,777.00, effective rate 1.1%.

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

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

Other bidders were:

Robert W. Baird, Effective Rate 1.288%

Bankers Bank, Effective Rate 1.3%

M & I Bank, Effective Rate 1.3%

Janney Montgomery, Effective Rate 1.3636%

TAXABLE ISSUES

ILLINOIS

Des Plaines (City)

Oct 19, 2009 . . . . . . $5,510,000

Taxable General Obligation Refunding Bonds, Series 2009A (Capital Appreciation Bonds) ($3,127,752 Original Principal Amount) (book entry).

Dated Nov 3, 2009.

Due Dec 1, 2012 to 2023.

Callable Dec 1, 2018 at par.

Winning bid: Hutchinson Shockey, at n/a, TIC 5.5125%.

Due Amount Cpn Yield Conc Ins
12/1/12 $180,000 0.00% NRO NRO
12/1/13 $170,000 0.00% NRO NRO
12/1/14 $295,000 0.00% NRO NRO
12/1/15 $260,000 0.00% NRO NRO
12/1/16 $240,000 0.00% NRO NRO
12/1/17 $375,000 0.00% NRO NRO
12/1/18 $350,000 0.00% NRO NRO
12/1/19 $325,000 0.00% NRO NRO
12/1/20 $470,000 0.00% NRO NRO
12/1/21 $445,000 0.00% NRO NRO
12/1/22 $1,575,000 0.00% NRO NRO
12/1/23 $825,000 0.00% NRO NRO

L.O.: Katten Muchin Rosenman LLP, Chicago, IL.

F.A.: Speer Financial, Inc., Chicago, IL.

Other bidders were:

Wells Fargo Advisors, TIC 6.1763%

Bernardi Securities, TIC 6.6063%

MINNESOTA

Brooklyn Park (City)

Oct 19, 2009 . . . . . . $18,000,000

Taxable General Obligation Utility Revenue Bonds, Series 2009A (MN Credit Enhancement Program) (Build America Bonds Direct Payment) (book entry).

Dated Nov 17, 2009.

Due Feb 1, 2011 to 2030.

Callable Feb 1, 2018 at par.

Winning bid: Morgan Keegan, at 99.3689, TIC 5.0694%.

Due Amount Cpn Yield Conc Ins
2/1/11 $590,000 1.60% NRO NRO
2/1/12 $710,000 2.25% NRO NRO
2/1/13 $725,000 2.60% NRO NRO
2/1/14 $735,000 3.15% NRO NRO
2/1/15 $750,000 3.40% NRO NRO
2/1/16 $770,000 3.80% NRO NRO
2/1/17 $790,000 4.10% 4.10%
2/1/26 $8,315,000 4.85% NRO NRO
2/1/27 $1,090,000 5.70% 5.70%
2/1/29 $2,305,000 5.75% NRO NRO
2/1/30 $1,220,000 5.80% 5.80%

L.O.: Kennedy & Graven, Minneapolis, MN.

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

Other bidders were:

Wells Fargo Brkge, TIC 5.1886%

Piper Jaffray, TIC 5.217%

Robert W. Baird, TIC 5.2195%

Sterne Agee, TIC 5.2236%

BMO Capital Markets, TIC 5.2716%

Mesirow Financial, TIC 5.4495%

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Competitive sales results
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