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<SEC-DOCUMENT>0000950136-08-001535.txt : 20080327
<SEC-HEADER>0000950136-08-001535.hdr.sgml : 20080327
<ACCEPTANCE-DATETIME>20080327091855
ACCESSION NUMBER:		0000950136-08-001535
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080131
FILED AS OF DATE:		20080327
DATE AS OF CHANGE:		20080327
EFFECTIVENESS DATE:		20080327

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MORGAN STANLEY  INSURED MUNICIPAL INCOME TRUST
		CENTRAL INDEX KEY:			0000885601
		IRS NUMBER:				133647663
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		N-Q
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-06590
		FILM NUMBER:		08713579

	BUSINESS ADDRESS:	
		STREET 1:		C/O MORGAN STANLEY TRUST
		STREET 2:		HARBORSIDE FINANCIAL CENTER, PLAZA TWO
		CITY:			JERSEY CITY
		STATE:			NJ
		ZIP:			07311
		BUSINESS PHONE:		(212) 869-6397

	MAIL ADDRESS:	
		STREET 1:		NULL

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MORGAN STANLEY DEAN WITTER INSURED MUNICIPAL INCOME TRUST
		DATE OF NAME CHANGE:	19981221

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERCAPITAL INSURED MUNICIPAL INCOME TRUST
		DATE OF NAME CHANGE:	19930211

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERCAPITAL INSURED MUNICIPAL TRUST II
		DATE OF NAME CHANGE:	19930112
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-Q
<SEQUENCE>1
<FILENAME>file1.htm
<DESCRIPTION>FORM N-Q
<TEXT>


<TITLE>
</TITLE>








<DIV STYLE=""></DIV><BR>
<DIV style="width: 100%; border-bottom: 3pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:8pt;text-align:center;'><font style='border: solid 0 white;FONT-SIZE:10PT'>UNITED STATES</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='border: solid 0 white;FONT-SIZE:10PT'>SECURITIES AND EXCHANGE COMMISSION</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='border: solid 0 white;font-size:10pt'>Washington, D.C. 20549</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:16pt;text-align:center;'><B><font style='border: solid 0 white;FONT-SIZE:10PT'>FORM N-Q</font></B></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:16pt;text-align:center;'><B><font style='border: solid 0 white;FONT-SIZE:10PT'>QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED</font></B></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font style='border: solid 0 white;FONT-SIZE:10PT'>MANAGEMENT INVESTMENT COMPANY</font></B></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:8pt;text-align:center;'><font style='border: solid 0 white;font-size:10pt'>Investment Company Act file number: <b>811-06590</b></font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:8pt;text-align:center;'><font style='border: solid 0 white;font-size:10pt'><b>Morgan Stanley Insured Municipal Income Trust</b></font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='border: solid 0 white;font-size:10pt'>(Exact name of registrant as specified in charter)</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:8pt;text-align:center;'><font style='border: solid 0 white;font-size:10pt'><b>522 Fifth Avenue, New York, New York 10036</b></font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='border: solid 0 white;font-size:10pt'>(Address of principal executive offices) (Zip code)</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:8pt;text-align:center;'><font style='border: solid 0 white;font-size:10pt'><b>Ronald E. Robison</b></font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='border: solid 0 white;font-size:10pt'><b>522 Fifth Avenue, New York, New York 10036</b></font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='border: solid 0 white;font-size:10pt'>(Name and address of agent for service)</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>Registrant&#146;s telephone number, including area code: 212-296-6990</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>Date of fiscal year end: October 31, 2008</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>Date of reporting period: January 31, 2008</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><font style='border: solid 0 white;font-size:10pt'>Item 1. Schedule of Investments.</font></b></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>The Trust&#146;s schedule of investments as of the close of the reporting period prepared pursuant to Rule 12-12 of Regulation S-X is as follows: </font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p>
<DIV style="width: 100%; border-bottom: 3pt solid black; font-size: 1pt">&nbsp;</DIV>
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<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:12pt'>&nbsp;</font></p>
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<p style='border: solid 0 white; margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><font style='border: solid 0 white;font-size:10pt'>Morgan Stanley Insured Municipal Income Trust</font></b></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font style='border: solid 0 white;font-size:10pt'>Portfolio of Investments January 31, 2008 (unaudited)</font></b></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>

 <tr style='border: solid 0 white;height:33.75pt;'>
        <td valign=top style='border: solid 0 white; height:33.75pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;height:33.75pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><B><font style='border: solid 0 white;FONT-SIZE:8PT'>PRINCIPAL</font></B><br> <B><font style='border: solid 0 white;FONT-SIZE:8PT'>AMOUNT IN</font></B><br> <B><font style='border: solid 0 white;FONT-SIZE:8PT'>THOUSANDS</font></B></p> </td>
        <td valign=bottom style='border: solid 0 white; height:33.75pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white; height:33.75pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white; height:33.75pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;height:33.75pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><B><font style='border: solid 0 white;FONT-SIZE:8PT'>COUPON</font></B><br> <B><font style='border: solid 0 white;FONT-SIZE:8PT'>RATE</font></B></p> </td>
        <td valign=bottom style='border: solid 0 white; height:33.75pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;height:33.75pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><B><font style='border: solid 0 white;FONT-SIZE:8PT'>MATURITY</font></B><br> <B><font style='border: solid 0 white;FONT-SIZE:8PT'>DATE</font></B></p> </td>
        <td valign=bottom style='border: solid 0 white; height:33.75pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style='border: solid 0 white; border-bottom:solid black .5pt;height:33.75pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><B><font style='border: solid 0 white;FONT-SIZE:8PT'>VALUE</font></B></p> </td>
        <td valign=bottom style='border: solid 0 white; height:33.75pt;'>
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td width="1%" valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="12%" valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="39%" valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Tax-Exempt Municipal Bonds  (150.6%)</font></b></p> </td>
        <td width="1%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="9%" valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="11%" valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="13%" valign=top style='border: solid 0 white;border-top:solid black .5pt; '>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><br> </p> </td>
        <td width="2%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Arizona  (0.8%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>$</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,500</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                         <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>University of Arizona, 2003 Ser B COPs (AMBAC Insd)</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>%</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>06/01/23</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>$</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,584,275</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>California  (31.3%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>20,000</font></p> </td>

        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Anaheim Public Financing Authority, California, Anaheim Electric Ser 2007-A (MBIA Insd)**</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>7.516</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>10/01/37</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>19,039,700</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>10,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>California Infrastructure &amp; Economic Development Bank, Bay Area Toll Bridges Seismic Retrofit 1st Lien Ser 2003 A (AMBAC Insd) (ETM)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>07/01/33</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>11,107,900</font></p></td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>California Infrastructure &amp; Economic Development Bank, Bay Area Toll Bridges Seismic Retrofit 1st Lien Ser 2003 A (FGIC Insd) (ETM)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>07/01/29</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,553,950</font></p></td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>California, Economic Recovery Ser 2004 (MBIA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>07/01/15</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,304,530</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>8,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>California, Ser 2007 (MBIA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4.25</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>08/01/33</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>7,329,280</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>6,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Golden State Tobacco Securitization Corporation, California, Enhanced Asset Backed  Ser 2005 A (Insd FGIC) </font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>06/01/38</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,948,640</font></p></td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>9,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Long Beach, California, Harbor Refg Ser 1998 A (AMT) (FGIC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>6.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>05/15/18</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>10,633,860</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Los Angeles Department of Water &amp; Power, California, Water 2004 Ser  C (MBIA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>07/01/24</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,234,250</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Los Angeles, California, Ser 2004 A (MBIA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>09/01/24</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,155,880</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Oxnard Financing Authority, Water &amp; Power, Water 2004 Ser C (XLCA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>06/01/28</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4,044,080</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Sacramento County Sanitation District Financing Authority, California, Sacramento Regional Ser 2006 (FGIC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>12/01/36</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,102,030</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>

 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>San Diego County Water Authority, California, Ser 2002 A COPs (MBIA Insd) </font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>05/01/27</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,124,800</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>San Diego County Water Authority, California, Ser 2004 A COPs (FSA) </font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>05/01/29</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,138,850</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>San Francisco City &amp; County, City Buildings Ser 2007 A COPs (FGIC Insd) </font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4.50</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>09/01/37</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,750,010</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>University of California, Ser 2003 B (AMBAC Insd) </font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>05/15/22</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'>  <font style='border: solid 0 white;font-size:10pt'>2,095,640</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,120</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>University of California, Ser 2007-J (FSA Insd)** </font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4.50</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>05/15/31</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,082,888</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,880</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>University of California, Ser 2007-J (FSA Insd)** </font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4.50</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>05/15/35</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,845,742</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>99,492,030</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Colorado  (2.2%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Arkansas River Power Authority, Colorado, Power Ser 2006 (XLCA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.25</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>10/01/40</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'>  <font style='border: solid 0 white;font-size:10pt'>4,053,080</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Denver Convention Center Hotel Authority, Refg Ser 2006 (XLCA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>12/01/30</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,961,600</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>7,014,680</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>District of Columbia (3.6%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>District of Columbia Ballpark, Ser 2006 B-1 (FGIC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>02/01/31</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'>  <font style='border: solid 0 white;font-size:10pt'>2,004,580</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>District of Columbia, American Association for the Advancement of Science Ser 1997 (AMBAC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.125</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>01/01/27</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,062,880</font></p></td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>6,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>District of Columbia, Refg Ser 1993 B (FSA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.50</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>06/01/10</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>6,307,320</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>11,374,780</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Florida (7.3%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>15,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Miami-Dade County School Board, 2003 Ser A (FGIC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>08/01/29</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>14,970,600</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Orange County School Board, Ser 2001 A COPs (AMBAC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.25</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>08/01/14</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'> <font style='border: solid 0 white;font-size:10pt'>3,235,080</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Tamp Bay Water Authority, Ser 2001 A (FGIC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>10/01/28</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,085,850</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>23,291,530</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Georgia (3.9%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Atlanta, Airport Ser 2004 C (FSA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>01/01/33</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,102,900</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Atlanta, Water &amp; Wastewater, Ser 2004 (FSA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>11/01/23</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'> <font style='border: solid 0 white;font-size:10pt'>5,273,250</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Augusta, Water &amp; Sewer Ser 2004 (FSA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.25</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>10/01/39</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,115,520</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'> <font style='border: solid 0 white;font-size:10pt'>12,491,670</font></p> </td>
        <td valign=bottom >
  <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr></table>
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<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:12pt'>&nbsp;</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:12pt'>&nbsp;</font></p>
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<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="1%" valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="12%" valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="39%" valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Hawaii (1.6%)</font></b></p> </td>
        <td width="1%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="9%" valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="11%" valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="13%" valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Hawaii Department of Budget &amp; Finance, Hawaiian Electric Co Ser 1999 C (AMT) (AMBAC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>6.20</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>11/01/29</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom style='border: solid 0 white;border-bottom:solid black .5pt; '><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom style='border: solid 0 white;border-bottom:solid black .5pt; '><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,217,850</font></p></td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Illinois (11.3%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>15,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Chicago, Neighborhoods Alive 21 Ser 2001 A (FGIC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.50</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>01/01/11</font></p> </td>
        <td valign=bottom >
                                                <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>+</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>16,299,750</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Chicago, O'Hare Int'l Airport, Third Lien Ser 2005 A (MBIA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.25</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>01/01/25</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,164,800</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Illinois Finance Authority, Swedish American Hospital Ser A (FSA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>11/15/31</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>1,982,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Illinois Toll Highway Authority, Priority Refg 1998 Ser A (FSA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.50</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>01/01/15</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4,589,400</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Metropolitan Pier &amp; Exposition Authority, McCormick Place Refg Ser 2002 B (MBIA Insd) </font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>0.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&#134;&#134;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>06/15/18</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,735,610</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Metropolitan Pier &amp; Exposition Authority, McCormick Place Ser 2002 A (MBIA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.25</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>06/15/42</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,130,150</font></p></td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'>&nbsp;<font style='border: solid 0 white;font-size:10pt'>35,901,710</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Indiana (0.6%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Indiana Health Facilities Financing Authority, Community Health Ser 2005 A (AMBAC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>05/01/35</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'> &nbsp;<font style='border: solid 0 white;font-size:10pt'>1,986,600</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,400</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Marion County Convention &amp; Recreational Facilities Authority, Refg Ser 2003 A (AMBAC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>06/01/19</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,559,816</font></p></td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4,546,416</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Louisiana (1.3%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Lafayette, Utilities Ser 2004 (MBIA Insd) </font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.25</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>11/01/25</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'>  <font style='border: solid 0 white;font-size:10pt'>4,205,960</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Massachusetts (1.1%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,275</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Massachusetts Municipal Wholesale Electric Company, 1993 Ser A (AMBAC Insd) (ETM)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>07/01/10</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'>  <font style='border: solid 0 white;font-size:10pt'>3,394,963</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Michigan (0.8%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,390</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Detroit, Sewage Refg Ser 2003 A (FSA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>07/01/28</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'>  <font style='border: solid 0 white;font-size:10pt'>2,495,351</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Minnesota (1.7%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Minneapolis - St Paul Metropolitan Airports Commission, Ser 2001 C (FGIC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.25</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>01/01/11</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>+</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'>  <font style='border: solid 0 white;font-size:10pt'>5,395,350</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Missouri (0.8%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,500</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Missouri Joint Municipal Electric Utility Commission Plum Point Ser 2006 (MBIA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>01/01/26</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'> <font style='border: solid 0 white;font-size:10pt'>2,533,325</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Montana (0.6%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Montana Facility Finance Authority, Bebefits Health Care Ser 2007 (AGC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>01/01/37</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'> <font style='border: solid 0 white;font-size:10pt'>2,043,940</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Nebraska (1.6%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Nebraska Public Power District, 2003 Ser A<BR>&nbsp;&nbsp;&nbsp;&nbsp;(AMBAC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>01/01/35</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'> <font style='border: solid 0 white;font-size:10pt'>5,062,450</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Nevada (3.7%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,080</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Las Vegas Water District, Impr &amp; Refg Ser 2003 a<BR>&nbsp;&nbsp;&nbsp;&nbsp;(FGIC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.25</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>06/01/19</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,510,733</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>7,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Nevada Department of Business &amp; Industry, Las Vegas Monorail 1st Tier Ser 2000 (AMBAC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.375</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
      <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>01/01/40</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
      <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'> <font style='border: solid 0 white;font-size:10pt'>6,135,360</font></p></td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'> <font style='border: solid 0 white;font-size:10pt'>11,646,093</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>New Hampshire (0.4%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>1,300</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>New Hampshire Health &amp; Education Facilities Authority, University of New Hampshire Ser 2001 (AMBAC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.125</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
      <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>07/01/33</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
      <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>1,326,429</font></p></td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>New Jersey (1.7%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>New Jersey Transportation Trust Fund Authority, Ser 2005 C (FGIC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.25</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>06/15/20</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4,334,920</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>1,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>University of Medicine &amp; Dentistry, Ser 2004 COPs (MBIA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>06/15/29</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>1,029,340</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,364,260</font></p> </td>
        <td valign=bottom >
  <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr></table>
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<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:12pt'>&nbsp;</font></p>
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                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="12%" valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
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                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
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      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>New York (17.5%)</font></b></p> </td>
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                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="11%" valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom style='border: solid 0 white;border-top:solid white .5pt; '>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="13%" valign=bottom style='border: solid 0 white;border-top:solid white .5pt; '>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
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                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
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                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>16,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
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                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Hudson Yards Infrastructure Corporation, 2007 Ser A (MBIA Insd)</font></p> </td>
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                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4.50</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
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      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>02/15/47</font></p> </td>
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                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
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      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>15,278,720</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Long Island Power Authority, Refg Ser 2003 C (FSA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>09/01/28</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,108,420</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Long Island Power Authority, Ser 2006 A (XLCA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>12/01/26</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4,064,040</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Metropolitan Transportation Authority, Dedicated Tax Fund Refg Ser 2002 A (FSA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.25</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>11/15/24</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,229,470</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>10,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Metropolitan Transportation Authority, Transportation Refg Ser 2002 A (FGIC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>11/15/25</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>10,260,200</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>New York City Industrial Development Agency, Queens Baseball Stadium Ser 2006 (AMBAC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>01/01/31&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,019,260&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,500</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>New York City Industrial Development Agency, Yankee Stadium Ser 2006 (FGIC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>03/01/46</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,500,750</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>1,735</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>New York City Transitional Finance Authority, 2000 Ser C (AMBAC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.25</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>08/01/21</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>1,871,267</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,500</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>New York State Transitional Finance Authority, 2000 Ser C (AMBAC Insd)#</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.25</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>08/01/22</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,652,900</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>10,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Triborough Bridge &amp; Tunnel Authority, Refg 2002 E (MBIA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.25</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>11/15/22</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>10,655,900</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style="border: solid 0 white; border-bottom: solid black .5pt;">
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style="border: solid 0 white; border-bottom: solid black .5pt;">
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>55,640,927</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>North Carolina (3.0%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>6,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>North Carolina Municipal Power Agency #1, Catawba Ser 2003 (MBIA Insd) </font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.25</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>01/01/19</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>6,435,300</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>University of North Carolina at Wilmington, Student Housing Ser 2005 COPs (FGIC Insd) </font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>06/01/36</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,035,610</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>9,470,910</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Oregon (1.0%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Oregon Department of Administrative Services, COPs Ser 2005 B (FGIC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>11/01/24</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,115,920</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Pennsylvania (5.5%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Allegheny County Hospital Development Authority, Pittsburgh Mercy  Health Ser 1996 (AMBAC Insd) (ETM)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.625</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>08/15/18</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,487,000</font></p></td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Delaware County Industrial Development Authority, Aqua Inc Ser A 2005 (AMT) (FGIC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>11/01/37</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>1,984,540</font></p></td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4,110</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Pennsylvania, First Ser 2003 (MBIA Insd)** </font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>01/01/13</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>+</font></p></td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4,543,420</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Philadelphia, Water &amp; Wastewater Ser 1998 (AMBAC Insd) </font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.25</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>12/15/14</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,528,850</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>17,543,810</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Rhode Island (3.6%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>10,000</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=top ><p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Rhode Island Depositors Economic Protection Corporation,  Refg 1992 Ser B (MBIA Insd) (ETM)</font></p></td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>6.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>08/01/17</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>11,328,100</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>South Carolina (5.0%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>1,500</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=top ><p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Medical University Hospital Authority, FHA Insured Mtge Ser 2004 A (MBIA Insd)</font></p></td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.25</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>02/15/25</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>1,562,655</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>10,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>South Carolina Public Service Authority, Santee Cooper Ser 2003 A (AMBAC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>01/01/27</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>10,256,900</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>South Carolina Public Service Authority, Santee Cooper 2006 Ser A (MBIA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>01/01/36</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4,106,360</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>15,925,915</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Texas (22.1%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,020</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Amarillo Health Facilities Corporation, Baptist St Anthony's Hospital Ser 1998 (FSA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.50</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>01/01/16</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,431,052</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,075</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Amarillo Health Facilities Corporation, Baptist St Anthony's Hospital Ser 1998 (FSA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.50</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>01/01/17</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,777,735</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>9,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Dallas-Fort Worth International Airport, Ser 2003 A (AMT) (FSA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.375</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>11/01/22</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>9,398,160</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>15,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Houston, Combined Utility First Lien Refg 2004 Ser A (FGIC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.25</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>05/15/23</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>15,772,650</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Houston, Public Impr &amp; Refg Ser 2001 B (FSA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.50</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>03/01/17</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4,330,840</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>8,575</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Lower Colorado River Authority, Refg Ser 1999 A (MBIA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>05/15/31</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>8,768,195</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>205</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Lower Colorado River Authority, Refg Ser 1999 A (MBIA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>05/15/31</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>227,905</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>10,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Lower Colorado River Authority, Refg Ser 1999 A (FSA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.875</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>05/15/16</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>10,531,315</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Lower Colorado River Authority, Refg Ser 2001 A (FSA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>05/15/26</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,105,200</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>San Antonio, Water &amp; Refg Ser 2002 A (FSA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>05/15/32</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,067,710</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Texas Turnpike Authority, Central Texas Ser 2002 A (AMBAC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.50</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>08/15/39</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4,094,080</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>70,504,842</font></p> </td>
        <td valign=bottom >
  <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr></table>
</div>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:12pt'>&nbsp;</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:12pt'>&nbsp;</font></p>
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<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="1%" valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="12%" valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="39%" valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Utah (1.7%)</font></b></p> </td>
        <td width="1%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="9%" valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="11%" valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="13%" valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Intermountain Power Agency, Utah, 2003 Ser A (FSA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>07/01/21</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,396,450</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Virginia (2.1%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,000</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=top ><p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Alexandria Industrial Development Authority, Institute for Defense Analysis Ser 2000 A (AMBAC Insd)</font></p></td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.90</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>10/01/10</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>+</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,304,680</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Richmond Metropolitan Authority, Refg Ser 2002 (FGIC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.25</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>07/15/22</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,378,660</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>6,683,340</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Washington (11.0%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>6,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Cowitz County, Public Utility District # 1, Production Ser 2006 (MBIA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>09/01/31</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>6,030,960</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>King County, Sewer Refg 2001 (FGIC Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>01/01/31</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,072,550</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>8,025</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Port of Seattle, Passenger Facility Ser 1998 A (MBIA Insd)** </font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>12/01/23</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>8,118,120</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Port of Seattle, Ser 2001 B (AMT) (MBIA Insd) </font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.625</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>02/01/24</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,145,300</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,890</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Seattle, Water Refg 2003 (MBIA Insd) </font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>09/01/20</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,094,583</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,870</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Seattle, Water Refg 2003 (MBIA Insd) </font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>09/01/23</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,989,794</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,500</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Spokane School District #81, Ser 2005 (MBIA Insd)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>0.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>12/01/23</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&#134;&#134;&#134;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,519,275</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,000</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=top ><p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Washington State Health Care Facilities Authority, Kadlec Medical Center Ser 2006 A (AGC Insd)</font></p></td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.00</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>12/01/30</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'> <font style='border: solid 0 white;font-size:10pt'>2,032,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>35,002,582</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>West Virginia (1.0%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2,900</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p></td>
        <td valign=top ><p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>West Virginia Water Development Authority, Loan Program II Refg Ser 2003 B (AMBAC Insd)</font></p></td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.25</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>11/01/23</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3,119,240</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Total Tax-Exempt Municipal Bonds </font></b><i><font style='border: solid 0 white;font-size:10pt'>(Cost&nbsp;$463,955,051)</font></i></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>479,115,098</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><font style='border: solid 0 white;FONT-SIZE:8PT'><b>NUMBER OF</b></font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'>&nbsp;<i></i></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'>&nbsp;<i></i></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><font style='border: solid 0 white;FONT-SIZE:8PT'><b>SHARES (000)</b></font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'>&nbsp;<i></i></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'>&nbsp;<i></i></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:.0001pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:.0001pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Short-Term Investment (a) (5.2%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Investment Company</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>16,644</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Morgan Stanley Institutional Liquidity Tax-Exempt Portfolio - Institutional Class </font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'>&nbsp;<i></i></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><i><font style='border: solid 0 white;font-size:10pt'>(Cost $16,644,442)</font></i><i></i></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>16,644,442</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Total Investments</font></b><i><font style='border: solid 0 white;font-size:10pt'> (Cost $480,599,493)</font></i></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>495,759,540</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>

 <tr style='border: solid 0 white;height:33.75pt;'>
        <td valign=bottom style='border: solid 0 white; height:33.75pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;height:33.75pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><font style='border: solid 0 white;FONT-SIZE:8PT'><b>PRINCIPAL</b></font><br>
                          <font style='border: solid 0 white;FONT-SIZE:8PT'><b>AMOUNT IN</b></font><br>
                          <font style='border: solid 0 white;FONT-SIZE:8PT'><b>THOUSANDS</b></font></p> </td>
        <td valign=bottom style='border: solid 0 white; height:33.75pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'>&nbsp;<i></i></p> </td>
        <td valign=bottom style='border: solid 0 white; height:33.75pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'>&nbsp;<i></i></p> </td>
        <td valign=bottom style='border: solid 0 white; height:33.75pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white; height:33.75pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white; height:33.75pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white; height:33.75pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white; height:33.75pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;height:33.75pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;height:33.75pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white; height:33.75pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Floating Rate Note Obligations Related to Securities Held (-8.7%)</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top ><p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>(27,580)</font></p></td>
        <td valign=bottom ><p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'></font></p></td>
        <td valign=top ><p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Notes with interest rates ranging from 2.11% to 3.78% at January 31, 2008 and contractual maturities of collateral ranging from 01/01/13 to 10/01/37 &#134;&#134;&#134;&#134;<i> (b) (Cost $(27,580,000))</i></font></p></td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>(27,580,000)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'></font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'>&nbsp;<u></u></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'>&nbsp;<u></u></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Total Net Investments</font></b><font style='border: solid 0 white;font-size:10pt'> (Cost $453,019,493) </font><i><font style='border: solid 0 white;font-size:10pt'>(c) (d) </font></i></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>147.1</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>%</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>468,179,540</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Other Assets in Excess of Liabilites </font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>1.6</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5,038,540</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Preferred Shares of Beneficial Interest</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'>&nbsp;<u></u></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom:solid black .5pt; '>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>(48.7</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>)</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>(155,000,000</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>)</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Net Assets Applicable to Common Shareholders</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'>&nbsp;<u></u></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom:double black 2.25pt; '>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>100.0</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>%</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: double black 2.25pt;'>
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>$</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: double black 2.25pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>318,218,081</font></p> </td>
        <td valign=bottom >
  <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr></table>
</div>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:12pt'>&nbsp;</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:12pt'>&nbsp;</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:12pt'>&nbsp;</font></p>
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<p style='border: solid 0 white; margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>Percentages are calculated as a percentage of net assets. </font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p>



<div align=left>
<table border="0" cellspacing=0 cellpadding=0 style='border: solid 0 white; border-collapse:collapse;'>
<tr>
<td bgcolor="#000000"><img src="spacer.gif" height="1"><img src="spacer.gif" height="1" width="78"></td>
<td><img src="spacer.gif" height="1" width="524"></td>
</tr>

 <tr>
        <td valign=top >
      <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;FONT-SIZE:10PT'>AMT</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Alternative Minimum Tax.</font></p> </td> </tr>
 <tr>
        <td width="15%" valign=top >
      <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>COPs</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Certificates of Participation.</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>#</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>A portion of this security has been physically segregated in connection with open futures contracts in the amount of $244,758.</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&#134;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Prerefunded to call date shown.</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&#134;&#134;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Currently a zero coupon security; will convert to 5.00% on October 1, 2013.</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&#134;&#134;&#134;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Currently a zero coupon security; will convert to 5.75% on June 15, 2017.</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&#134;&#134;&#134;&#134;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Floating rate note obligations related to securities held. The interest rate shown reflects the rate in effect at January 31, 2008.</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>**</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Underlying securities related to inverse floaters entered into by the Trust.</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>(a)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>The Trust invests in Morgan Stanley Institutional Liquidity Tax-Exempt Portfolio - Institutional Class, an open-end management investment company managed by the Investment Adviser. Investment advisory fees paid by the Trust are reduced by an amount equal to the advisory and administrative services fees paid by Morgan Stanley Institutional Liquidity Tax-Exempt Portfolio &#150; Institutional Class with respect to assets invested by the Trust in Morgan Stanley Institutional Liquidity Tax-Exempt Portfolio &#150; Institutional Class. For the period ended January 31, 2008, advisory fees paid were reduced by $2,953 relating to the Trust's investment in Morgan Stanley Institutional Liquidity Tax-Exempt Portfolio &#150; Institutional Class. Income distributions earned by the Trust totaled $87,345, for the period ended January 31,
 2008.</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>(b)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Floating Rate Note Obligations Related to Securities Held &#150; The Trust enters into transactions in which it transfers to Dealer Trusts (&#147;Dealer Trusts&#148;), fixed rate bonds in exchange for cash and residual interests in the Dealer Trusts&#146; assets and cash flows, which are in the form of inverse floating rate investments. The Dealer Trusts fund the purchases of the fixed rate bonds by issuing floating rate notes to third parties and allowing the Trust to retain residual interest in the bonds.The Trust enters into shortfall agreements with the Dealer Trusts which commit the Trust to pay the Dealer Trusts, in certain circumstances, the difference between the liquidation value of the fixed rate bonds held by the Dealer Trusts and the liquidation value of the floating rate notes held by third parties, as well 
as any shortfalls in interest
cash flows. The residual interests held by the Trust (inverse floating rate investments) include the right of the Trust (1) to cause the holders of the floating rate notes to tender their notes at par at the next interest rate reset date, and (2) to transfer the municipal bond from the Dealer Trusts to the Trust, thereby collapsing the Dealer Trusts. The Trust accounts for the transfer of bonds to the Dealer Trusts as secured borrowings, with the securities transferred remaining in the Trust&#146;s investment assets, and the related floating rate notes reflected as Trust liabilities. The notes issued by the Dealer Trusts have interest rates that reset weekly and the floating rate note holders have the option to tender their notes to the Dealer Trusts for redemption at par at each reset date. At January 31, 2008, Trust investments with a value of $37,629,870 are held by the Dealer Trusts and serve as collateral for the $27,580,000 in floating rate note obligations outstanding at that
date. Contractual maturities of the floating rate note obligations and interest rates in effect at January 31, 2008 are presented in the &#147;Portfolio of Investments&#148;.</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>(c)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Securities have been designated as collateral in an amount equal to $69,891,340 in connection with open futures contracts.</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>(d)</font></p> </td>
        <td valign=bottom >
  <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>The aggregate cost for federal income tax purposes approximates the aggregate cost for book purposes.</font></p> </td> </tr></table>
</div>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='border: solid 0 white;font-size:10pt'><u>Bond insurance:</u></font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p>
<div align=left>
<table width="100%" border="0" cellpadding=0 cellspacing=0 style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="15%" valign=bottom >
      <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;FONT-SIZE:10PT'>AMBAC</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Ambac Assurance Corporation.</font></p> </td> </tr>
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        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;FONT-SIZE:10PT'>FGIC</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Financial Guaranty Insurance Company.</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;FONT-SIZE:10PT'>FSA</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Financial Security Assurance Inc.</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;FONT-SIZE:10PT'>MBIA</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Municipal Bond Investors Assurance Corporation.</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;FONT-SIZE:10PT'>XLCA</font></p> </td>
        <td valign=bottom >
  <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>XL Capital Assurance Inc.</font></p> </td> </tr></table>
</div>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:12pt'>&nbsp;</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:12pt'>&nbsp;</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:12pt'>&nbsp;</font></p>
<!-- EEDocs PBStart--><hr noshade="noshade" align="center" width="100%" size="2"><p style='border: solid 0 white;page-break-before:always'></p><DIV STYLE="page-break-before: always;"></DIV><BR>
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<p style='border: solid 0 white; margin-bottom:0pt; margin-top:8pt;text-align:left;'><B><font style='border: solid 0 white;FONT-SIZE:10PT'>FUTURES CONTRACTS OPEN AT JANUARY 31, 2008:</font></B></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:12pt'>&nbsp;</font></p>
<div align=left>
<table width="100%" border="0" cellpadding=0 cellspacing=0 style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="8%" valign=bottom style='border: solid 0 white; border-bottom:solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><B><font style='border: solid 0 white;FONT-SIZE:8PT'>NUMBER OF</font></B><br> <B><font style='border: solid 0 white;FONT-SIZE:8PT'>CONTRACTS</font></B></p> </td>
        <td width="2%" valign=bottom >
      <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><B><font style='border: solid 0 white;FONT-SIZE:8PT'>LONG/</font></B><br> <B><font style='border: solid 0 white;FONT-SIZE:8PT'>SHORT</font></B></p> </td>
        <td width="2%" valign=bottom >
      <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><B><font style='border: solid 0 white;FONT-SIZE:8PT'>DESCRIPTION, DELIVERY</font></B><br> <B><font style='border: solid 0 white;FONT-SIZE:8PT'>MONTH AND YEAR</font></B></p> </td>
        <td width="2%" valign=bottom >
      <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style='border: solid 0 white; border-bottom:solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><B><font style='border: solid 0 white;FONT-SIZE:8PT'>UNDERLYING FACE</font></B><br> <B><font style='border: solid 0 white;FONT-SIZE:8PT'>AMOUNT AT VALUE</font></B></p> </td>
        <td width="2%" valign=bottom >
      <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style='border: solid 0 white; border-bottom:solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><B><font style='border: solid 0 white;FONT-SIZE:8PT'>UNREALIZED</font></B><br> <B><font style='border: solid 0 white;FONT-SIZE:8PT'>APPRECIATION</font></B><br> <b><font style='border: solid 0 white;font-size:8pt'>(DEPRECIATION)</font></b></p> </td>
        <td width="2%" valign=bottom >
      <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td width="8%" valign=bottom >
      <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>
149</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Long</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>U.S. Treasury Notes 5 Year,</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-top: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-top: solid black .5pt;'>
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>
&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>March 2008</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>$</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>16,776,469</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="1%" valign=bottom >
      <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>$</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>168,499</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>
13</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Long</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>U.S. Treasury Notes 5 Year,</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>
&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>June 2008</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>1,458,438</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>(1,787)</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>
470</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Long</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Swap 10 Year,</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>
&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>March 2008</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>53,139,375</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>1,266,720</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>
10</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Short</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>U.S. Treasury</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>
&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>March 2008</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>1,064,141</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>(3,055</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>)</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>
94</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Short</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>U.S. Treasury Notes</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>
&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>March 2008</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>10,904,000</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>(18,773</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>)</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>
312</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Short</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>U.S. Treasury Bond</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>
&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>March 2008</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>36,913,500</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>(296,453</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>)</font></p> </td> </tr>
 <tr>
        <td colspan="8" valign=bottom >
                        <p style='border: solid 0 white; margin-left:60.5pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><b><font style='border: solid 0 white;font-size:10pt'>Net Unrealized Appreciation</font></b></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: double black 2.25pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>$</font></p> </td>
        <td valign=bottom style='border: solid 0 white;border-bottom: double black 2.25pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>1,115,151</font></p> </td>
        <td valign=bottom >
  <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr></table>
</div>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:12pt'>&nbsp;</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:12pt'>&nbsp;</font></p>
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<p style='border: solid 0 white; margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><font style='border: solid 0 white;font-size:10pt'>Item 2. Controls and Procedures.</font></b></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>(a) The Trust&#146;s principal executive officer and principal financial officer have concluded that the Trust&#146;s disclosure controls and procedures are sufficient to ensure that information required to be disclosed by the Trust&#146;s in this Form N-Q was recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission&#146;s rules and forms, based upon such officers&#146; evaluation of these controls and procedures as of a date within 90 days of the filing date of the report.</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>(b)  There were no changes in the Trust&#146;s internal control over financial reporting that occurred during the registrant&#146;s fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trust&#146;s internal control over financial reporting.</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><font style='border: solid 0 white;font-size:10pt'>Item 3. Exhibits.</font></b></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>(a) A separate certification for each principal executive officer and principal financial officer of the registrant are attached hereto.</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:12pt'>&nbsp;</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:12pt'>&nbsp;</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:8pt;text-align:center;'><font style='border: solid 0 white;font-size:10pt'>2</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:12pt'>&nbsp;</font></p>
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<p style='border: solid 0 white; margin-bottom:0pt; margin-top:16pt;text-align:center;'><B><font style='border: solid 0 white;FONT-SIZE:10PT'>SIGNATURES</font></B></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="49%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Morgan Stanley Insured Municipal Income Trust</font></p> </td>
        <td width="2%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="5%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="44%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><br> <font style='border: solid 0 white;font-size:10pt'>/s/ Ronald E. Robison</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'>  </p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Ronald E. Robison</font><br> <font style='border: solid 0 white;font-size:10pt'>Principal Executive Officer</font><br> <font style='border: solid 0 white;font-size:10pt'>March 20, 2008</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr></table>
</div>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed by the following persons on behalf of the registrant and in the capacities and on the dates indicated.</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="49%" valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>/s/ Ronald E. Robison</font></p> </td>
        <td width="2%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="5%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="44%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Ronald E. Robison</font><br> <font style='border: solid 0 white;font-size:10pt'>Principal Executive Officer </font><br> <font style='border: solid 0 white;font-size:10pt'>March 20, 2008</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr></table>
</div>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="49%" valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>/s/ Francis Smith</font></p> </td>
        <td width="2%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="5%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="44%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Francis Smith</font><br> <font style='border: solid 0 white;font-size:10pt'>Principal Financial Officer</font><br> <font style='border: solid 0 white;font-size:10pt'>March 20, 2008</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td> </tr></table>
</div>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:12pt'>&nbsp;</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:12pt'>&nbsp;</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='border: solid 0 white;font-size:10pt'>3</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:12pt'>&nbsp;</font></p>
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<p style='border: solid 0 white; margin-bottom:0pt; margin-top:8pt;text-align:right;'><b><font style='border: solid 0 white;font-size:10pt'>Exhibit 3 A1</font></b></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:16pt;text-align:center;'><B><font style='border: solid 0 white;FONT-SIZE:10PT'>CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER</font></B></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>I, Ronald E. Robison, certify that:</font></p>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>1.</font></p> </td>
        <td valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>I have reviewed this report on Form N-Q of Morgan Stanley Insured Municipal Income Trust;</font></p> </td> </tr></table>
</div>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2.</font></p> </td>
        <td valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></p> </td> </tr></table>
</div>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3.</font></p> </td>
        <td valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;</font></p> </td> </tr></table>
</div>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4.</font></p> </td>
        <td valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>The registrant&#146;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) for the registrant and have:</font></p> </td> </tr></table>
</div>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:6pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>(a)</font></p> </td>
        <td valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></p> </td> </tr></table>
</div>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>(b)</font></p> </td>
        <td valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Omitted;</font></p> </td> </tr></table>
</div>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>(c)</font></p> </td>
        <td valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and</font></p> </td> </tr></table>
</div>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:6pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>(d)</font></p> </td>
        <td valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Disclosed in this report any change in the registrant&#146;s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant&#146;s internal control over financial reporting; and</font></p> </td> </tr></table>
</div>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.</font></p> </td>
        <td valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>The registrant&#146;s other certifying officer(s) and I have disclosed to the registrant&#146;s auditors and the audit committee of the registrant&#146;s board of directors (or persons performing the equivalent functions):</font></p> </td> </tr></table>
</div>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:6pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>(a)</font></p> </td>
        <td valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#146;s ability to record, process, summarize, and report financial information; and</font></p> </td> </tr></table>
</div>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:6pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>(b)</font></p> </td>
        <td valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal control over financial reporting.</font></p> </td> </tr></table>
</div>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>Date: March 20, 2008</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="49%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'>  </p> </td>
        <td width="2%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="5%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="44%" valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><br> <font style='border: solid 0 white;font-size:10pt'>/s/ Ronald E. Robison</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Ronald E. Robison </font><br> <font style='border: solid 0 white;font-size:10pt'>Principal Executive Officer</font></p> </td> </tr></table>
</div>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:12pt'>&nbsp;</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='border: solid 0 white;font-size:10pt'>4</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:12pt'>&nbsp;</font></p>
<!-- EEDocs PBStart--><hr noshade="noshade" align="center" width="100%" size="2"><p style='border: solid 0 white;page-break-before:always'></p><DIV STYLE="page-break-before: always;"></DIV><BR>
<!-- EEDocs PBEnd-->




<p style='border: solid 0 white; margin-bottom:0pt; margin-top:8pt;text-align:right;'><b><font style='border: solid 0 white;font-size:10pt'>Exhibit 3 A2</font></b></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:16pt;text-align:center;'><B><font style='border: solid 0 white;FONT-SIZE:10PT'>CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER</font></B></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>I, Francis Smith, certify that:</font></p>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>1.</font></p> </td>
        <td valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>I have reviewed this report on Form N-Q of Morgan Stanley Insured Municipal Income Trust;</font></p> </td> </tr></table>
</div>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>2.</font></p> </td>
        <td valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></p> </td> </tr></table>
</div>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>3.</font></p> </td>
        <td valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;</font></p> </td> </tr></table>
</div>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>4.</font></p> </td>
        <td valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>The registrant&#146;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) for the registrant and have:</font></p> </td> </tr></table>
</div>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:6pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>(a)</font></p> </td>
        <td valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></p> </td> </tr></table>
</div>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>(b)</font></p> </td>
        <td valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Omitted;</font></p> </td> </tr></table>
</div>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>(c)</font></p> </td>
        <td valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and</font></p> </td> </tr></table>
</div>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:6pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>(d)</font></p> </td>
        <td valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Disclosed in this report any change in the registrant&#146;s internal control over financial reporting that occurred during the registrant&#146;s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant&#146;s internal control over financial reporting; and</font></p> </td> </tr></table>
</div>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>5.</font></p> </td>
        <td valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>The registrant&#146;s other certifying officer(s) and I have disclosed to the registrant&#146;s auditors and the audit committee of the registrant&#146;s board of directors (or persons performing the equivalent functions):</font></p> </td> </tr></table>
</div>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:6pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>(a)</font></p> </td>
        <td valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#146;s ability to record, process, summarize, and report financial information; and</font></p> </td> </tr></table>
</div>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:6pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="5%" valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>(b)</font></p> </td>
        <td valign=top style='border: solid 0 white;padding:6.0pt 0in 0in 0in;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal control over financial reporting.</font></p> </td> </tr></table>
</div>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>Date: March 20, 2008</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border: solid 0 white; border-collapse:collapse;'>
 <tr>
        <td width="49%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'>  </p> </td>
        <td width="2%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="5%" valign=bottom >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td width="44%" valign=bottom style='border: solid 0 white;border-bottom: solid black .5pt;'>
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>/s/ Francis Smith</font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style='border: solid 0 white; margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='border: solid 0 white;font-size:10pt'>Francis Smith</font><br> <font style='border: solid 0 white;font-size:10pt'>Principal Financial Officer</font></p> </td> </tr></table>
</div>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:10pt'>&nbsp;</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:12pt'>&nbsp;</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='border: solid 0 white;font-size:10pt'>5</font></p>
<p style='border: solid 0 white; margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='border: solid 0 white;font-size:12pt'>&nbsp;</font></p>
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