Results of Negotiated Sales

ALABAMA

Margaret

Feb 26, 2009 . . . . . . $785,000

General Obligation Warrants (bank qualified)

Dated Feb 27, 2009.

Due Sep 1, 2035.

First coupon Sep 1, 2009.

2035-2035 Callable Sep 1, 2018 at par.

Privately placed by Morgan Keegan & Co., Inc., as follows:

Due Amount Cpn Reoffered Ins
9/1/35 $785,000 6.00% 6.00%

L.O.: Presley Burton & Collier, LLC, Birmingham, AL.

ARIZONA

Kingman Unified School District No. 20

Feb 27, 2009 . . . . . . $47,990,000

School Improvement Bonds, Project of 2006, Series C (2009) (book entry)

Dated Mar 10, 2009.

Due Jul 1, 2012 to 2026.

First coupon Jan 1, 2010.

2020-2026 Callable Jul 1, 2019 at par.

Purchased through negotiation by RBC Capital Markets, as follows:

Due Amount Cpn Reoffered Ins
7/1/12 $950,000 3.25% 2.65% AGC
7/1/13 $1,150,000 3.50% 3.00% AGC
7/1/14 $590,000 4.00% 3.50% AGC
7/1/14 $1,910,000 5.00% 3.50% AGC
7/1/15 $2,450,000 5.00% 3.75% AGC
7/1/16 $2,200,000 5.00% 3.90% AGC
7/1/17 $2,350,000 4.25% 4.00% AGC
7/1/18 $250,000 5.25% 4.17% AGC
7/1/18 $2,250,000 4.00% 4.17% AGC
7/1/19 $305,000 5.25% 4.31% AGC
7/1/19 $2,795,000 4.00% 4.31% AGC
7/1/20 $3,125,000 5.50% 4.56% AGC
7/1/21 $3,325,000 5.50% 4.78% AGC
7/1/22 $3,525,000 5.50% 4.96% AGC
7/1/23 $3,775,000 5.00% 5.07% AGC
7/1/26 $17,040,000 5.00% 5.17% AGC

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

ILLINOIS

Chicago Ridge School District No. 127.5

Feb 10, 2009 . . . . . . $400,000

General Obligation Limited Tax School Bonds, Series 2009 (bank qualified) (book entry)

Dated Mar 4, 2009.

Due Jan 1, 2010.

First coupon Jan 1, 2010.

Non-callable.

Purchased through negotiation by BMO Capital Markets, as follows:

Due Amount Cpn Reoffered Ins
1/1/10 $400,000 3.75% 2.30%

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

Northwestern Community Unit School District No. 2

Feb 25, 2009 . . . . . . $350,000

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

Dated Mar 1, 2009.

Due Dec 1, 2011 to 2013.

First coupon Dec 1, 2009.

Non-callable.

Purchased through negotiation by First Midstate Incorporated, as follows:

Due Amount Cpn Reoffered Ins
12/1/11 $130,000 5.00% 2.70%
12/1/12 $140,000 4.90% 2.90%
12/1/13 $80,000 3.00% 3.10%

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

Skokie School District No. 69

Feb 19, 2009 . . . . . . $3,765,000

General Obligation Limited Tax School Bonds, Series 2009 (bank qualified) (book entry)

Dated Mar 5, 2009.

Due Dec 1, 2009 to 2011.

First coupon Jun 1, 2009.

Non-callable.

Purchased through negotiation by George K. Baum & Co., as follows:

Due Amount Cpn Reoffered Ins
12/1/09 $700,000 2.50% 1.50% FSA
12/1/10 $1,715,000 2.50% 1.65% FSA
12/1/11 $1,350,000 2.50% 2.25% FSA

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

St. Louis Regional Airport Authority

Feb 25, 2009 . . . . . . $3,200,000

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

Dated Mar 1, 2009.

Due Dec 1, 2009 to 2016.

First coupon Dec 1, 2009.

Non-callable.

Purchased through negotiation by First Midstate Incorporated, as follows:

Due Amount Cpn Reoffered Ins
12/1/09 $215,000 7.45% 2.45% FSA
12/1/10 $375,000 7.25% 2.55% FSA
12/1/11 $405,000 6.00% 2.70% FSA
12/1/12 $425,000 3.75% 2.75% FSA
12/1/13 $440,000 3.75% 3.00% FSA
12/1/14 $455,000 3.20% 3.30% FSA
12/1/15 $475,000 3.75% 3.40% FSA
12/1/16 $410,000 3.90% 3.60% FSA

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

MICHIGAN

Michigan Municipal Bond Authority

Feb 27, 2009 . . . . . . $28,430,000

Local Government Loan Program Revenue Bonds, Series 2009A (City of Grand Rapids Limited Tax Obligation Downtown Development Local Project Bonds) (book entry)

Dated Mar 18, 2009.

Due May 1, 2017 to 2024.

First coupon Nov 1, 2009.

2020-2024 Callable May 1, 2019 at par.

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

Due Amount Cpn Reoffered Ins
5/1/17 $330,000 4.00% 4.13%
5/1/18 $345,000 4.25% 4.35%
5/1/19 $3,510,000 5.00% 4.60%
5/1/20 $4,530,000 5.50% 4.90%
5/1/21 $4,775,000 5.00% 5.08%
5/1/22 $5,015,000 5.00% 5.18%
5/1/23 $2,640,000 5.125% 5.30%
5/1/23 $2,625,000 5.75% 5.30%
5/1/24 $2,335,000 5.25% 5.45%
5/1/24 $2,325,000 5.75% 5.45%

L.O.: State Attorney General; and Dickinson Wright PLLC, Lansing, MI.

F.A.: Stauder, Barch & Associates, Inc., Ann Arbor, MI.

MISSOURI

Kansas City (City)

Feb 27, 2009 . . . . . . $198,915,000

Water Refunding and Improvement Revenue Bonds, Series 2009A (book entry)

Dated Mar 12, 2009.

Due Dec 1, 2009 to 2032.

First coupon Jun 1, 2009.

2019-2032 Callable Dec 1, 2018 at par.

Purchased through negotiation by Merrill Lynch & Co, Siebert, Brandford, Shank & Co., LLC, Rice Financial Products Company, George K. Baum & Co., Valdes & Moreno, Inc., as follows:

Due Amount Cpn Reoffered Ins
12/1/09 $9,405,000 2.00% 0.94%
12/1/10 $12,045,000 4.00% 1.80%
12/1/11 $1,275,000 3.00% 2.09%
12/1/11 $11,465,000 4.00% 2.09%
12/1/12 $3,425,000 3.00% 2.32%
12/1/12 $3,175,000 4.00% 2.32%
12/1/12 $5,000,000 2.50% 2.32%
12/1/13 $11,920,000 4.00% 2.55%
12/1/14 $7,370,000 3.00% 2.89%
12/1/14 $5,120,000 5.00% 2.89%
12/1/15 $4,305,000 4.00% 2.79% BHAC
12/1/15 $5,885,000 5.00% 3.07%
12/1/16 $5,030,000 4.00% 3.03% BHAC
12/1/16 $5,590,000 5.00% 3.03% BHAC
12/1/17 $1,300,000 3.125% 3.30% BHAC
12/1/17 $8,980,000 5.00% 3.30% BHAC
12/1/18 $1,225,000 3.25% 3.52% BHAC
12/1/18 $9,025,000 5.00% 3.52% BHAC
12/1/19 $5,115,000 4.00% 3.69% BHAC
12/1/19 $5,035,000 5.00% 3.69% BHAC
12/1/20 $10,585,000 5.00% 3.92% BHAC
12/1/21 $9,175,000 4.00% 4.06% BHAC
12/1/22 $9,515,000 5.00% 4.24% BHAC
12/1/23 $1,100,000 4.375% 4.40% BHAC
12/1/23 $7,625,000 5.00% 4.40% BHAC
12/1/24 $3,735,000 4.50% 4.52% BHAC
12/1/28 $17,815,000 4.75% 4.83% BHAC
12/1/32 $17,675,000 5.25% 5.24%

L.O.: Gilmore & Bell, Kansas City, MO; and The Martinez Law Firm, LLC, Liberty, MO.

F.A.: Public Financial Management, Inc., Des Moines, IA; and TKG & Associates, LLC, Chicago, IL.

NEW JERSEY

Asbury Park (City)

Feb 19, 2009 . . . . . . $11,500,000

Tax and Revenue Anticipation Notes of 2009 (bank qualified) (book entry)

Dated Feb 26, 2009.

Due Feb 26, 2010.

First coupon Feb 26, 2010.

Non-callable.

Purchased through negotiation by Roosevelt & Cross, Inc., as follows:

Due Amount Cpn Reoffered Ins
2/26/10 $11,500,000 5.60% 5.00%

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

F.A.: Powell Capital Markets, Inc., Roseland, NJ.

PENNSYLVANIA

Pennsylvania Higher Educational Facilities Authority

Feb 27, 2009 . . . . . . $276,365,000

The Trustees of the University of Pennsylvania Revenue Bonds, Series A of 2009 (book entry) $204,750,000.

Dated Mar 16, 2009.

Due Sep 1, 2017 to 2019.

First coupon Sep 1, 2009.

Non-callable.

Purchased through negotiation by Goldman, Sachs & Co., Merrill Lynch & Co, Citigroup Global Markets, Inc., Janney Montgomery Scott, Inc., Loop Capital Markets, LLC, Morgan Stanley & Co., Inc., as follows:

Due Amount Cpn Reoffered Ins
9/1/17 $50,000,000 5.00% 3.30%
9/1/19 $154,750,000 5.00% 3.70%

The Trustees of the University of Pennsylvania Revenue Bonds, Series B of 2009 (book entry) $42,860,000.

Dated Mar 16, 2009.

Due Sep 1, 2010 to 2032.

First coupon Sep 1, 2009.

2020-2032 Callable Sep 1, 2019 at par.

Due Amount Cpn Reoffered Ins
9/1/10 $1,615,000 5.00% 1.15%
9/1/11 $1,745,000 3.00% 1.80%
9/1/12 $1,735,000 4.00% 2.01%
9/1/13 $1,775,000 3.00% 2.30%
9/1/14 $1,845,000 3.00% 2.62%
9/1/15 $1,900,000 4.00% 2.85%
9/1/16 $2,005,000 4.00% 3.06%
9/1/17 $2,025,000 4.00% 3.30%
9/1/18 $2,110,000 4.00% 3.51%
9/1/19 $2,190,000 4.00% 3.70%
9/1/20 $2,245,000 4.00% 3.99%
9/1/21 $2,330,000 4.00% 4.09%
9/1/22 $2,440,000 5.00% 4.19%
9/1/23 $1,400,000 4.125% 4.26%
9/1/24 $1,445,000 5.00% 4.34%
9/1/25 $1,520,000 5.00% 4.44%
9/1/26 $1,575,000 5.00% 4.53%
9/1/27 $1,650,000 5.00% 4.62%
9/1/28 $1,710,000 5.00% 4.70%
9/1/29 $1,780,000 5.00% 4.74%
9/1/30 $1,860,000 5.00% 4.82%
9/1/31 $1,940,000 5.00% 4.88%
9/1/32 $2,020,000 5.00% 4.92%

The Trustees of the University of Pennsylvania Revenue Bonds, Series C of 2009 (book entry) $28,755,000.

Dated Mar 16, 2009.

Due Sep 1, 2016 to 2022.

First coupon Sep 1, 2009.

2020-2022 Callable Sep 1, 2019 at par.

Due Amount Cpn Reoffered Ins
9/1/16 $3,470,000 5.00% 3.06%
9/1/17 $3,665,000 5.00% 3.30%
9/1/18 $3,875,000 5.00% 3.51%
9/1/19 $4,095,000 5.00% 3.70%
9/1/20 $4,330,000 5.00% 3.99%
9/1/21 $4,545,000 4.00% 4.09%
9/1/22 $2,775,000 5.00% 4.19%
9/1/22 $2,000,000 4.00% 4.19%

L.O.: Ballard Spahr Andrews & Ingersoll LLP, Philadelphia, PA.

TENNESSEE

Blount County Public Building Authority

Feb 18, 2009 . . . . . . $33,000,000

Weekly Variable Rate Demand Local Government Public Improvement Bonds, Series E-7-A, Letter of Credit Issued by Branch Banking and Trust Company (book entry)

Dated Feb 19, 2009.

Due Jun 1, 2009 to 2039.

First coupon Mar 4, 2009.

Purchased through negotiation by BB&T Capital Markets, as follows:

Due Amount Cpn Reoffered Ins
6/1/39 $33,000,000 n/a n/a

L.O.: Bass, Berry & Sims PLC, Nashville, TN.

F.A.: Morgan Keegan & Co., Inc., Nashville, TN.

TEXAS

San Antonio (City)

Feb 27, 2009 . . . . . . $442,005,000

Electric and Gas Systems Revenue Refunding Bonds, New Series 2009A (book entry)

Dated Feb 1, 2009. Interest accrues Mar 12, 2009.

Due Feb 1, 2015 to 2034.

First coupon Aug 1, 2009.

2020-2034 Callable Feb 1, 2019 at par.

Purchased through negotiation by Merrill Lynch & Co, J.P. Morgan Securities Inc., Citigroup Global Markets, Inc., Coastal Securities Corp., Loop Capital Markets, LLC, Siebert, Brandford, Shank & Co., LLC, Sterne, Agee & Leach, Inc, as follows:

Due Amount Cpn Reoffered Ins
2/1/15 $8,580,000 3.25% 2.78%
2/1/15 $5,000,000 5.00% 2.78%
2/1/16 $2,975,000 3.25% 3.07%
2/1/16 $11,135,000 5.00% 3.07%
2/1/17 $1,025,000 3.25% 3.26%
2/1/17 $10,200,000 4.00% 3.26%
2/1/17 $3,535,000 5.00% 3.26%
2/1/18 $960,000 3.25% 3.52%
2/1/18 $1,500,000 4.00% 3.52%
2/1/18 $12,920,000 5.00% 3.52%
2/1/19 $1,055,000 3.50% 3.76%
2/1/19 $2,700,000 4.00% 3.76%
2/1/19 $12,365,000 5.00% 3.76%
2/1/20 $2,050,000 4.00% 4.00%
2/1/20 $14,830,000 5.25% 4.00%
2/1/21 $3,775,000 4.00% 4.18%
2/1/21 $13,965,000 5.25% 4.18%
2/1/22 $18,625,000 5.25% 4.36%
2/1/23 $19,605,000 5.25% 4.52%
2/1/24 $1,875,000 4.50% 4.66%
2/1/24 $15,260,000 5.25% 4.66%
2/1/24 $3,500,000 4.625% 4.66%
2/1/25 $21,680,000 5.25% 4.76%
2/1/26 $22,820,000 5.25% 4.84%
2/1/27 $24,015,000 5.25% 4.91%
2/1/28 $5,250,000 5.25% 4.94%
2/1/28 $20,025,000 4.75% 5.00%
2/1/29 $7,130,000 5.00% 5.02%
2/1/29 $19,375,000 5.25% 4.97%
2/1/30 $27,880,000 5.00% 5.12%
2/1/31 $29,270,000 5.25% 5.05%
2/1/34 $97,125,000 5.00% 5.20%

L.O.: Fulbright & Jaworski, San Antonio, TX; West & Associates, L.L.P., San Antonio, TX; and State Attorney General.

F.A.: Public Financial Management, Inc., Dallas, TX; and Estrada Hinojosa & Company, Inc., Dallas, TX.

Texas Transportation Commission

Feb 27, 2009 . . . . . . $149,275,000

Multiannual Period Central Texas Turnpike System First Tier Revenue Refunding Put Bonds, Series 2009 (book entry)

Dated Mar 5, 2009.

Due Aug 15, 2042.

First coupon Aug 15, 2009.

Non-callable.

Purchased through negotiation by Citigroup Global Markets, Inc., Estrada Hinojosa & Company, Inc., Southwest Securities, Inc., as follows:

Due Amount Cpn Reoffered Ins
8/15/42 $149,275,000 5.00% 5.00%

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

F.A.: RBC Capital Markets, Dallas, TX.

UTAH

Salt Lake Valley Fire Service Area

Feb 20, 2009 . . . . . . $12,000,000

Tax and Revenue Anticipation Notes, Series 2009 (book entry)

Dated Mar 4, 2009.

Due Dec 31, 2009.

First coupon Dec 31, 2009.

Non-callable.

Purchased through negotiation by George K. Baum & Co., as follows:

Due Amount Cpn Reoffered Ins
12/31/09 $12,000,000 1.50% 0.95%

L.O.: Ballard Spahr Andrews & Ingersoll LLP, Salt Lake City, UT.

F.A.: Lewis Young Robertson & Burningham, Salt Lake City, UT.

VIRGINIA

Virginia Public School Authority

Feb 27, 2009 . . . . . . $114,180,000

School Financing Bonds, (1997 Resolution) Refunding Series 2009 A (book entry)

Dated Mar 12, 2009.

Due Aug 1, 2010 to 2020.

First coupon Aug 1, 2009.

2020-2020 Callable Aug 1, 2019 at par.

Purchased through negotiation by Morgan Keegan & Co., Inc., Barclays Capital, as follows:

Due Amount Cpn Reoffered Ins
8/1/10 $7,745,000 5.00% 0.77%
8/1/11 $25,015,000 5.00% 1.40%
8/1/12 $5,100,000 2.25% 1.68%
8/1/12 $10,210,000 5.00% 1.68%
8/1/12 $3,460,000 3.50% 1.68%
8/1/13 $7,375,000 2.50% 2.00%
8/1/13 $9,325,000 5.00% 2.00%
8/1/14 $3,645,000 2.50% 2.32%
8/1/14 $5,400,000 5.00% 2.32%
8/1/15 $2,315,000 5.75% 2.52%
8/1/15 $3,545,000 5.00% 2.52%
8/1/16 $5,970,000 5.00% 2.70%
8/1/17 $6,110,000 5.00% 2.86%
8/1/18 $6,205,000 3.25% 3.07%
8/1/19 $6,300,000 5.00% 3.31%
8/1/20 $6,460,000 5.00% 3.56%

L.O.: Sidley Austin LLP, New York, NY.

F.A.: BB&T Capital Markets, Richmond, VA.

WISCONSIN

Mukwonago Village

Feb 17, 2009 . . . . . . $1,180,000

Waterworks System and Sewerage System Revenue Bond Anticipation Notes (bank qualified) (book entry)

Dated Mar 1, 2009.

Due Dec 1, 2012.

First coupon Dec 1, 2009.

2012-2012 Callable Dec 1, 2011 at par.

Purchased through negotiation by Hutchinson, Shockey, Erley & Co, as follows:

Due Amount Cpn Reoffered Ins
12/1/12 $1,180,000 3.50% 3.15%

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

Mukwonago Village

Feb 17, 2009 . . . . . . $2,580,000

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

Dated Mar 1, 2009.

Due Mar 1, 2010 to 2019.

First coupon Sep 1, 2009.

2018-2019 Callable Mar 1, 2017 at par.

Purchased through negotiation by Hutchinson, Shockey, Erley & Co, as follows:

Due Amount Cpn Reoffered Ins
3/1/10 $200,000 2.75% 1.75%
3/1/11 $200,000 3.00% 2.25%
3/1/12 $600,000 3.00% 2.50%
3/1/13 $225,000 3.25% 2.70%
3/1/14 $225,000 3.25% 2.85%
3/1/15 $230,000 3.25% 3.10%
3/1/16 $250,000 3.30% 3.25%
3/1/17 $250,000 3.50% 3.40%
3/1/18 $250,000 3.625% 3.65%
3/1/19 $150,000 3.875% 3.90%

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

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Negotiated sales results
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