Results of Negotiated Sales

DISTRICT OF COLUMBIA

District of Columbia

Dec 17, 2010 . . . . . . $26,000,000

Revenue Bonds (United Negro College Fund, Inc. Issue), Series 2010 (book entry)

Dated Dec 23, 2010.

Due Jul 1, 2014 to 2040.

First coupon Jul 1, 2011.

2021-2040 Callable Jul 1, 2020 at par.

Purchased through negotiation by J.P. Morgan Securities LLC, as follows:

Due Amount Cpn Reoffered Ins
7/1/14 $395,000 5.00% 3.56%
7/1/15 $410,000 5.00% 3.89%
7/1/16 $435,000 5.00% 4.22%
7/1/17 $455,000 5.00% 4.68%
7/1/18 $480,000 5.00% 5.05%
7/1/19 $505,000 5.25% 5.35%
7/1/20 $530,000 5.50% 5.60%
7/1/30 $7,710,000 6.50% 6.67%
7/1/40 $15,080,000 6.875% 6.98%

L.O.: Graves & Horton, Washington, DC.

INDIANA

Cedar Lake (Town)

Dec 20, 2010 . . . . . . $5,000,000

Sewage Works Refunding Revenue Bonds of 2010 (bank qualified) (book entry)

Dated Dec 28, 2010.

Due Apr 1, 2011 to 2025.

First coupon Apr 1, 2011.

2019-2025 Callable Apr 1, 2018 at par.

Purchased through negotiation by City Securities Corp., as follows:

Due Amount Cpn Reoffered Ins
4/1/11 $65,000 3.00% 1.50%
4/1/12 $275,000 3.00% 2.00%
4/1/13 $280,000 3.00% 2.50%
4/1/14 $290,000 3.00% 3.00%
4/1/15 $300,000 4.00% 3.40%
4/1/16 $310,000 4.00% 3.70%
4/1/17 $325,000 4.00% 4.00%
4/1/18 $335,000 4.25% 4.25%
4/1/19 $350,000 4.50% 4.50%
4/1/20 $365,000 4.70% 4.70%
4/1/21 $380,000 4.80% 4.80%
4/1/23 $820,000 5.00% 5.00%
4/1/25 $905,000 5.00% 5.15%

L.O.: Barnes & Thornburg LLP, Indianapolis, IN.

MISSOURI

Montgomery County

Dec 20, 2010 . . . . . . $1,105,000

Refunding Certificates of Participation, Series 2011 (bank qualified) (book entry)

Dated Jan 20, 2011.

Due Aug 1, 2011 to 2014.

First coupon Aug 1, 2011.

Non-callable.

Purchased through negotiation by UMB Bank, N.A., as follows:

Due Amount Cpn Reoffered Ins
8/1/11 $150,000 1.10% NRO
2/1/12 $155,000 1.35% NRO
8/1/12 $150,000 1.60% NRO
2/1/14 $50,000 2.15% NRO
8/1/14 $600,000 2.25% NRO

L.O.: Gilmore & Bell, Kansas City, MO.

OHIO

Mount Orab Village

Dec 20, 2010 . . . . . . $325,000

Land Acquisition, Street Construction and Improvement (General Limited Tax) Bond Anticipation Notes (bank qualified) (book entry)

Dated Dec 28, 2010.

Due Dec 28, 2011.

First coupon Dec 28, 2011.

Non-callable.

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

Due Amount Cpn Reoffered Ins
12/28/11 $325,000 2.75% 1.50%

L.O.: Peck, Shaffer & Williams, Columbus, OH.

Richland County

Dec 20, 2010 . . . . . . $4,150,000

Correctional Facilities Bonds (Limited Tax) General Obligation (bank qualified) (book entry)

Dated Jan 10, 2011.

Due Dec 1, 2013 to 2040.

First coupon Jun 1, 2011.

2018-2040 Callable Jun 1, 2018 at par.

Purchased through negotiation by Ross, Sinclaire & Associates, Inc., as follows:

Due Amount Cpn Reoffered Ins
12/1/13 $170,000 1.40% 1.40% AGC
12/1/15 $170,000 2.10% 2.10% AGC
12/1/17 $180,000 2.80% 2.80% AGC
12/1/19 $190,000 3.40% 3.40% AGC
12/1/20 $100,000 3.70% 3.70% AGC
12/1/23 $330,000 4.10% 4.10% AGC
12/1/26 $375,000 4.30% 4.40% AGC
12/1/30 $575,000 5.00% 4.70% AGC
12/1/35 $905,000 5.00% 5.10% AGC
12/1/40 $1,155,000 5.25% 5.35% AGC

L.O.: Benesch, Friedlander, Coplan & Aronoff LLP, Cleveland, OH.

Sycamore Community City School District

Dec 20, 2010 . . . . . . $9,015,000

School Energy Conservation Improvement Bonds, Series 2010 (Limited Tax) (Bank Qualified) (book entry) $5,000,000.

Dated Dec 29, 2010.

Due Dec 1, 2011 to 2018.

First coupon Jun 1, 2011.

Non-callable.

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

Due Amount Cpn Reoffered Ins
12/1/11 $625,000 2.00% 0.65%
12/1/12 $625,000 1.75% 0.80%
12/1/13 $625,000 1.75% 1.13%
12/1/14 $625,000 2.00% 1.55%
12/1/15 $625,000 2.25% 1.85%
12/1/16 $625,000 2.50% 2.15%
12/1/17 $625,000 3.00% 2.63%
12/1/18 $625,000 4.00% 2.95%

L.O.: Peck, Shaffer & Williams, Columbus, OH.

OKLAHOMA

Okfuskee County Educational Facilities Authority

Oct 20, 2010 . . . . . . $4,505,000

Educational Facilities Lease Revenue Bonds, Series 2010 (Weleetka Public Schools Project) (bank qualified) (book entry)

Dated Oct 27, 2010.

Due Sep 1, 2011 to 2024.

First coupon Mar 1, 2011.

Non-callable.

Purchased through negotiation by D.A. Davidson & Co., as follows:

Due Amount Cpn Reoffered Ins
9/1/11 $260,000 3.00% 1.85%
9/1/12 $265,000 3.00% 2.03%
9/1/13 $275,000 3.00% 2.22%
9/1/14 $285,000 2.375% 2.51%
9/1/15 $290,000 2.625% 2.80%
9/1/16 $300,000 2.75% 3.04%
9/1/17 $305,000 3.125% 3.27%
9/1/18 $320,000 3.375% 3.54%
9/1/19 $330,000 3.625% 3.77%
9/1/20 $345,000 3.75% 3.94%
9/1/21 $360,000 4.00% 4.15%
9/1/22 $370,000 4.125% 4.29%
9/1/23 $390,000 4.25% 4.40%
9/1/24 $410,000 4.25% 4.48%

L.O.: Floyd Law Firm, Norman, OK; and State Attorney General.

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

WISCONSIN

Cumberland School District

Dec 17, 2010 . . . . . . $3,610,000

General Obligation Bonds (bank qualified) (book entry)

Dated Jan 5, 2011.

Due Mar 15, 2011 to 2016.

First coupon Mar 15, 2011.

Non-callable.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:

Due Amount Cpn Reoffered Ins
3/15/11 $25,000 2.00% 1.00%
3/15/12 $685,000 2.00% 1.25%
3/15/13 $700,000 2.00% 1.65%
3/15/14 $715,000 2.05% 2.10%
3/15/16 $1,485,000 2.60% 2.60%

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

TAXABLE ISSUES

ILLINOIS

United Community Unit School District No. 304

Dec 20, 2010 . . . . . . $6,310,000

General Obligation Bonds (Build America Bonds) (book entry) (Taxable)

Dated Dec 23, 2010.

Due Dec 1, 2014 to 2025.

First coupon Dec 1, 2011.

2021-2025 Callable Dec 1, 2020 at par.

Purchased through negotiation by William Blair & Company, LLC, as follows:

Due Amount Cpn Reoffered Ins
12/1/14 $595,000 3.00% NRO
12/1/19 $1,750,000 5.45% NRO
12/1/25 $3,965,000 6.75% NRO

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

MICHIGAN

Inkster City Tax Increment Finance Authority

Dec 17, 2010 . . . . . . $7,660,000

Tax Increment Development Bonds (General Obligation Limited Tax) (Recovery Zone Economic Development Bonds- Direct Pay) (book entry) (Taxable)

Dated Dec 22, 2010.

Due May 1, 2012 to 2035.

First coupon May 1, 2011.

2021-2035 Callable May 1, 2020 at par.

Purchased through negotiation by Siebert, Brandford, Shank & Co., LLC, Edward D. Jones & Co., as follows:

Due Amount Cpn Reoffered Ins
5/1/12 $170,000 4.00% 4.00%
5/1/13 $175,000 4.50% 4.50%
5/1/14 $175,000 5.00% 5.00%
5/1/15 $175,000 5.50% 5.50%
5/1/16 $175,000 6.00% 6.00%
5/1/17 $175,000 6.25% 6.25%
5/1/18 $175,000 6.50% 6.50%
5/1/19 $185,000 6.70% 6.70%
5/1/20 $205,000 6.85% 6.85%
5/1/21 $220,000 7.00% 7.00%
5/1/22 $235,000 7.10% 7.10%
5/1/23 $250,000 7.20% 7.20%
5/1/24 $265,000 7.30% 7.30%
5/1/25 $280,000 7.40% 7.40%
5/1/30 $2,080,000 7.875% 7.875%
5/1/35 $2,720,000 8.125% 8.125%

L.O.: Miller, Canfield, Paddock & Stone, P.L.C., Detroit, MI.

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

NEW JERSEY

Union County Improvement Authority

Dec 20, 2010 . . . . . . $18,695,000

County Guaranteed Revenue Refunding Bonds, Series 2010 (Oakwood Plaza - Elizabeth Project) (book entry) (Taxable)

Dated Dec 28, 2010.

Due Dec 1, 2025 to 2040.

First coupon Jun 1, 2011.

2025-2040 Callable Dec 1, 2020 at par.

Purchased through negotiation by NW Capital Markets Inc., as follows:

Due Amount Cpn Reoffered Ins
12/1/25 $2,755,000 5.85% 6.10%
12/1/30 $3,705,000 6.40% 6.67%
12/1/40 $12,235,000 6.92% 6.92%

L.O.: Law Offices of John G. Hudak, Esq., LLC, Linden, NJ.

NORTH DAKOTA

Grand Forks Park District

Dec 20, 2010 . . . . . . $23,000,000

Revenue Bonds (Wellness Center), Series 2010 A (Recovery Zone Economic Development Bonds) (book entry) (Taxable) $21,650,000.

Dated Dec 29, 2010.

Due Dec 1, 2015 to 2036.

First coupon Jun 1, 2011.

2021-2036 Callable Dec 1, 2020 at par.

Purchased through negotiation by Dougherty & Company LLC, as follows:

Due Amount Cpn Reoffered Ins
12/1/15 $385,000 3.25% 3.25%
12/1/16 $400,000 3.50% 3.50%
12/1/18 $1,500,000 5.00% NRO
12/1/20 $1,585,000 5.50% NRO
12/1/22 $1,680,000 5.65% NRO
12/1/23 $880,000 6.00% 6.00%
12/1/24 $910,000 6.25% 6.25%
12/1/25 $940,000 6.35% 6.35%
12/1/30 $5,305,000 7.75% 7.75%
12/1/34 $5,135,000 8.25% 8.25%
12/1/36 $2,930,000 8.25% NRO

Revenue Bonds (Wellness Center), Series 2010 B (book entry) (Taxable) $1,350,000.

Dated Dec 29, 2010.

Due Dec 1, 2013 to 2016.

First coupon Jun 1, 2011.

Non-callable.

Due Amount Cpn Reoffered Ins
12/1/13 $325,000 2.00% 2.00%
12/1/14 $330,000 2.75% 2.75%
12/1/15 $340,000 3.25% 3.25%
12/1/16 $355,000 3.50% 3.50%

L.O.: Arntson & Stewart, Fargo, ND.

OHIO

American Municipal Power Inc.

Dec 17, 2010 . . . . . . $355,035,000

Meldahl Hydroelectric Project Revenue Bonds, Series 2010E (Issuer Subsidy - Build America Bonds) (Mandatory Put Date 05/23/2011) (book entry) (Taxable)

Dated Dec 20, 2010.

Due Feb 15, 2021 to 2050.

First coupon Feb 1, 2011.

2021-2050 Callable May 23, 2011 at par.

Purchased through negotiation by Wells Fargo Securities, as follows:

Due Amount Cpn Reoffered Ins
2/15/50 $355,035,000 3.254% 3.254%

L.O.: Peck, Shaffer & Williams, Columbus, OH.

F.A.: PNC Capital Markets, Columbus, OH.

Sycamore Community City School District

Dec 20, 2010 . . . . . . $9,015,000

School Energy Conservation Improvement Bonds, Series 2010 ( Issuer Subsidy- Build America Bonds) (Limited Tax) (book entry) (Taxable) $4,015,000.

Dated Dec 29, 2010.

Due Dec 1, 2019 to 2025.

First coupon Jun 1, 2011.

Non-callable.

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

Due Amount Cpn Reoffered Ins
12/1/20 $1,140,000 4.85% 4.85%
12/1/25 $2,875,000 5.55% 5.55%

L.O.: Peck, Shaffer & Williams, Columbus, OH.

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Negotiated sales results
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