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<SEC-DOCUMENT>0000855887-09-000010.txt : 20091029
<SEC-HEADER>0000855887-09-000010.hdr.sgml : 20091029
<ACCEPTANCE-DATETIME>20091029154442
ACCESSION NUMBER:		0000855887-09-000010
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20090831
FILED AS OF DATE:		20091029
DATE AS OF CHANGE:		20091029
EFFECTIVENESS DATE:		20091029

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DREYFUS STRATEGIC MUNICIPAL BOND FUND INC
		CENTRAL INDEX KEY:			0000855887
		IRS NUMBER:				051287040
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		N-Q
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05877
		FILM NUMBER:		091144600

	BUSINESS ADDRESS:	
		STREET 1:		THE DREYFUS CORPORATION
		STREET 2:		200 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10166
		BUSINESS PHONE:		2129228297

	MAIL ADDRESS:	
		STREET 1:		C/O DREYFUS CORP
		STREET 2:		200 PARK AVENUE, 8TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10166
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-Q
<SEQUENCE>1
<FILENAME>form-852.htm
<DESCRIPTION>FORM N-Q
<TEXT>

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   <TITLE>form-852.htm - Generated by SEC Publisher for SEC Filing</TITLE>
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<TABLE>
<TR>
     <TD noWrap align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>UNITED STATES</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>SECURITIES AND EXCHANGE COMMISSION</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Washington, D.C. 20549</FONT></B></TD></TR></TABLE></P>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>FORM N-Q</FONT></TD></TR></TABLE></P>
<DIV align=center>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="100%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>INVESTMENT COMPANY</FONT></TD></TR></TABLE></DIV><BR>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Investment Company Act file number 811-5877</FONT></P>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Dreyfus Strategic Municipal Bond Fund, Inc.</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(Exact name of Registrant as specified in charter)</FONT></TD></TR></TABLE></P>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>c/o The Dreyfus Corporation</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>200 Park Avenue</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>New York, New York 10166</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(Address of principal executive offices) (Zip code)</FONT></TD></TR></TABLE></P>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Michael A. Rosenberg, Esq.</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>200 Park Avenue</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>New York, New York 10166</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(Name and address of agent for service)</FONT></TD></TR></TABLE></P>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="36%"></TD>
     <TD width="37%"></TD>
     <TD width="25%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left colSpan=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Registrant's telephone number, including area code:</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(212) 922-6000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Date of fiscal year end:</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>11/30</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Date of reporting period:</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>8/31/09</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<TR>
     <TD noWrap><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>FORM N-Q</FONT></B></TD></TR></TABLE></P>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="27%"></TD>
     <TD width="72%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Item 1.</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Schedule of Investments.</FONT></B>&nbsp;</TD></TR></TABLE><BR>
<P align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>-2-</FONT></P>
<HR align=center width="100%" noShade SIZE=2>


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<TABLE border=0 cellspacing=0>
<TR>
     <TD width=32%></TD>
     <TD width=13%></TD>
     <TD width=12%></TD>
     <TD width=25%></TD>
     <TD width=16%></TD></TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<B><FONT face="Arial-BoldMT,Arial,Helvetica,sans-serif">STATEMENT OF INVESTMENTS</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Dreyfus Strategic Municipal Bond Fund, Inc.</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">August 31, 2009 (Unaudited)</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Long-Term Municipal</FONT></B>&nbsp;</TD>
	<TD align=center nowrap>
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Coupon</FONT></B>&nbsp;</TD>
	<TD align=center nowrap>
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Maturity</FONT></B>&nbsp;</TD>
	<TD align=center nowrap>
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Principal</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Investments--147.1%</FONT></B>&nbsp;</TD>
	<TD align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Rate (%)</FONT></B>&nbsp;</TD>
	<TD align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Date</FONT></B>&nbsp;</TD>
	<TD align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Amount (&#36;)</FONT></B>&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Value (&#36;)</FONT></B>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<B><FONT size=1 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Alaska--2.1%</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Alaska Housing Finance</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Corporation, General Mortgage</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Revenue (Insured; National</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Public Finance Guarantee Corp.)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">6.05</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">6/1/39</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">3,970,000</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">3,970,000</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Alaska Housing Finance</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Corporation, Single-Family</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Residential Mortgage Revenue</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">(Veterans Mortgage Program)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">6.25</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">6/1/35</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">3,975,000</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">4,006,720</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<B><FONT size=1 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Arizona--2.5%</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Glendale Western Loop 101 Public</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Facilities Corporation, Third</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Lien Excise Tax Revenue</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">7.00</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">7/1/33</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">6,010,000</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">6,482,266</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Pima County Industrial Development</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Authority, Education Revenue</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">(American Charter Schools</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Foundation Project)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">5.50</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">7/1/26</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">4,000,000</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">3,027,400</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<B><FONT size=1 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Arkansas--.5%</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Arkansas Development Finance</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Authority, SFMR (Mortgage</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Backed Securities Program)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">(Collateralized: FNMA and GNMA)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">6.25</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">1/1/32</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">2,015,000</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">2,055,481</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<B><FONT size=1 face="Arial-BoldMT,Arial,Helvetica,sans-serif">California--17.5%</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Beverly Hills Unified School</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">District, GO</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">0.00</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">8/1/30</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">8,000,000 a</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">2,552,880</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">California,</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">GO (Various Purpose)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">5.75</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">4/1/31</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">7,800,000</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">8,174,166</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">California,</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">GO (Various Purpose)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">11/1/32</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">2,600,000</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">2,526,836</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">California,</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">GO (Various Purpose)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">6.50</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">4/1/33</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">5,000,000</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">5,545,200</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">California Department of Veteran</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
</TABLE><BR>

<HR noshade align="center" width="100%" size=2>



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<TABLE border=0 cellspacing=0>
<TR>
     <TD width=35%></TD>
     <TD width=10%></TD>
     <TD width=13%></TD>
     <TD width=24%></TD>
     <TD width=15%></TD></TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Affairs, Home Purchase Revenue</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">5.20</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">12/1/28</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">2,950,000</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">2,950,914</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">California Educational Facilities</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Authority, Revenue (University</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">of Southern California)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">5.25</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">10/1/38</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">5,000,000</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">5,284,500</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">California Enterprise Development</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Authority, Sewage Facilities</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Revenue (Anheuser-Busch</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Project)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">5.30</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">9/1/47</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">1,000,000</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">821,500</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">California Health Facilities</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Financing Authority, Revenue</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">(Cedars-Sinai Medical Center)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">(Prerefunded)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">6.25</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">12/1/09</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">3,750,000 b</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">3,842,625</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">California Housing Finance Agency,</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Home Mortgage Revenue</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">5.05</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">8/1/27</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">2,500,000</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">2,153,850</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">California Pollution Control</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Financing Authority, SWDR</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">(Waste Management, Inc.</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Project)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">5.13</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">11/1/23</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">1,500,000</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">1,400,910</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">California Statewide Communities</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Development Authority,</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Environmental Facilities</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Revenue (Microgy Holdings</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Project)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">9.00</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">12/1/38</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">2,000,000</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">1,603,760</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Golden State Tobacco</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Securitization Corporation,</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Tobacco Settlement</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Asset-Backed Bonds</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">6/1/33</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">10,535,000</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">8,462,133</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Los Angeles Department of Water</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">and Power, Power System Revenue</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">7/1/34</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">2,885,000</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">2,932,141</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Sacramento City Unified School</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">District, GO (Insured; FSA)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">0.00</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">7/1/24</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">5,220,000 a</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">2,151,005</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Sacramento County,</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Airport System Subordinate and</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Passenger Facility Charges</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Grant Revenue</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">6.00</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">7/1/35</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">4,000,000</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">4,048,800</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">San Diego Public Facilities</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Financing Authority, Senior</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Sewer Revenue</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">5.25</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">5/15/34</FONT>&nbsp;</TD>
	<TD align=left nowrap>
 &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">2,500,000</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">2,547,400</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Santa Margarita/Dana Point</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=1 face="ArialMT,Arial,Helvetica,sans-serif">Authority, Revenue (Santa</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
</TABLE><BR>

<HR noshade align="center" width="100%" size=2>


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<A name="page_5"></A><BR>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="34%"></TD>
     <TD width="11%"></TD>
     <TD width="13%"></TD>
     <TD width="24%"></TD>
     <TD width="15%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Margarita Water District</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Improvement Districts Numbers</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,3 and 4)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.13</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8/1/38</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,091,100</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Silicon Valley Tobacco</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Securitization Authority,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Tobacco Settlement</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Asset-Backed Bonds (Santa</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Clara County Tobacco</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Securitization Corporation)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>0.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6/1/36</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>15,290,000 a</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,466,005</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Tuolumne Wind Project Authority,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Revenue (Tuolumne Company</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Project)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.88</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1/1/29</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,091,140</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Colorado--3.5%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Colorado Health Facilities</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, Revenue (American</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Baptist Homes of the Midwest</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Obligated Group)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.90</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8/1/37</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,500,000</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,825,375</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Colorado Health Facilities</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, Revenue (American</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Housing Foundation I, Inc.</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Project) (Prerefunded)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8.50</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>12/1/11</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,870,000 b</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,150,051</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Colorado Housing and Finance</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, Single Family</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Program Senior and Subordinate</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Bonds (Collateralized; FHA)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.60</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8/1/32</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,375,000</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,448,507</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Northwest Parkway Public Highway</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Prerefunded)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7.13</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6/15/11</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7,000,000 b</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7,806,960</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Connecticut--3.7%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Connecticut Development Authority,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>PCR (Connecticut Light and</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Power Company Project)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.95</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>9/1/28</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>9,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8,924,220</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Connecticut Resources Recovery</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, Special Obligation</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Revenue (American REF-FUEL</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Company of Southeastern</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Connecticut Project)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.45</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>11/15/22</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4,985,000</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4,801,552</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>District of Columbia--1.5%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>District of Columbia Tobacco</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Settlement Financing</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Corporation, Tobacco</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

<!--$$/page=-->
<A name="page_6"></A><BR>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="34%"></TD>
     <TD width="11%"></TD>
     <TD width="13%"></TD>
     <TD width="24%"></TD>
     <TD width="15%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Settlement Asset-Backed Bonds</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>0.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6/15/46</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>104,040,000 a</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>3,123,281</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Metropolitan Washington Airports</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, Special Facility</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Revenue (Caterair</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>International Corporation)</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>10.13</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>9/1/11</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,400,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,352,768</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Florida--5.6%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Florida Housing Finance</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Corporation, Housing Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Seminole Ridge Apartments)</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Collateralized; GNMA)</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4/1/41</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6,415,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6,484,474</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Highlands County Health Facilities</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, HR (Adventist</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Health System/Sunbelt</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Obligated Group)</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.25</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>11/15/36</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,875,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,712,103</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Orange County Health Facilities</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, HR (Orlando</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Regional Healthcare System)</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>10/1/26</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>3,675,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>3,677,609</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Orange County Health Facilities</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, HR (Orlando</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Regional Healthcare System)</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Prerefunded)</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>10/1/09</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>70,000 b</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>71,021</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Orange County Health Facilities</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, Revenue (Adventist</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Health System) (Prerefunded)</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.25</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>11/15/12</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>3,000,000 b</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>3,380,910</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Orange County School Board,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>COP (Master Lease Purchase</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Agreement) (Insured; Assured</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Guaranty)</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.50</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8/1/34</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4,500,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4,663,710</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Georgia--3.0%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Atlanta,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Water and Wastewater Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>11/1/28</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4,865,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,029,096</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Augusta,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Airport Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.45</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1/1/31</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,500,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,884,300</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Georgia Housing and Finance</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, SFMR</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.60</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>12/1/32</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,060,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,949,790</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Savannah Economic Development</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, EIR (International</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Paper Company Project)</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.20</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8/1/27</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,670,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,522,456</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Idaho--.1%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<TR>
     <TD width="34%"></TD>
     <TD width="11%"></TD>
     <TD width="13%"></TD>
     <TD width="23%"></TD>
     <TD width="16%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Idaho Housing and Finance</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Association, SFMR</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Collateralized; FNMA)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.35</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1/1/30</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>220,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>220,935</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Illinois--4.8%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Chicago,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>SFMR (Collateralized: FHLMC,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>FNMA and GNMA)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.25</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>10/1/32</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,340,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,377,064</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Illinois Health Facilities</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, Revenue (Advocate</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Health Care Network)</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Prerefunded)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.13</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>11/15/10</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,000,000 b</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,335,750</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Illinois Health Facilities</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, Revenue (OSF</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Healthcare System)</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Prerefunded)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.25</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>11/15/09</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>10,900,000 b</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>11,137,293</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Indiana--1.7%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Franklin Township School Building</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Corporation, First Mortgage</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Bonds (Prerefunded)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.13</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7/15/10</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6,000,000 b</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6,421,080</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Kentucky--.3%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Louisville/Jefferson County Metro</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Government, Health Facilities</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Revenue (Jewish Hospital and</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Saint Mary's HealthCare, Inc.</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Project)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.13</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2/1/37</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,016,690</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Louisiana--2.4%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Lakeshore Villages Master</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Community Development</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>District, Special Assessment</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.25</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7/1/17</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,987,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,569,035</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Louisiana Local Government</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Environmental Facilities and</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Community Development</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, Revenue (Westlake</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Chemical Corporation Projects)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.75</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>11/1/32</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>3,611,120</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>West Feliciana Parish,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>PCR (Entergy Gulf States</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Project)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>11/1/15</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,270,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,269,949</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>West Feliciana Parish,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>PCR (Entergy Gulf States</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="34%"></TD>
     <TD width="11%"></TD>
     <TD width="14%"></TD>
     <TD width="23%"></TD>
     <TD width="15%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Project)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.60</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>9/1/28</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,545,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,545,764</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Maryland--1.3%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Maryland Economic Development</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Corporation, Senior Student</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Housing Revenue (University of</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Maryland, Baltimore Project)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.75</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>10/1/33</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,550,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,677,518</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Maryland Industrial Development</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Financing Authority, EDR</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Medical Waste Associates</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Limited Partnership Facility)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8.75</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>11/15/10</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>3,710,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>3,315,367</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Massachusetts--5.8%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Massachusetts Educational</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Financing Authority, Education</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Loan Revenue (Insured; Assured</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Guaranty)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.13</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1/1/22</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8,356,560</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Massachusetts Health and</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Educational Facilities</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, Revenue (Civic</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Investments Issue)</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Prerefunded)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>9.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>12/15/12</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,900,000 b</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,290,412</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Massachusetts Health and</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Educational Facilities</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, Revenue (Partners</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>HealthCare System Issue)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.75</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7/1/32</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>115,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>118,248</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Massachusetts Housing Finance</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Agency, Housing Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>12/1/38</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,491,850</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Massachusetts Housing Finance</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Agency, SFHR</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>12/1/31</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,566,320</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Michigan--5.2%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Detroit,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Sewage Disposal System Senior</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Lien Revenue (Insured; FSA)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7.50</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7/1/33</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>3,500,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4,148,865</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Kent Hospital Finance Authority,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Revenue (Metropolitan Hospital</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Project)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7/1/35</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,942,040</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Michigan Strategic Fund,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>SWDR (Genesee Power Station</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Project)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7.50</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1/1/21</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7,720,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6,466,504</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Royal Oak Hospital Finance</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, HR (William</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_9"></A><BR>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="34%"></TD>
     <TD width="11%"></TD>
     <TD width="14%"></TD>
     <TD width="24%"></TD>
     <TD width="15%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Beaumont Hospital Obligated</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Group)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>9/1/29</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,743,950</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Minnesota--.2%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Saint Paul Housing and</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Redevelopment Authority,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Hospital Facility Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(HealthEast Project)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>11/15/35</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,105,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>902,498</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Mississippi--1.1%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Mississippi Business Finance</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Corporation, PCR (System</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Energy Resources, Inc. Project)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.90</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5/1/22</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4,260,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4,000,992</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Missouri--1.5%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Missouri Health and Educational</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Facilities Authority, Health</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Facilities Revenue (BJC Health</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>System)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.25</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5/15/32</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,525,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,548,537</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Nebraska--.2%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Nebraska Investment Finance</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, SFMR</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>9.63</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>3/1/26</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>600,000 c,d</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>610,770</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Nevada--3.5%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Clark County,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>IDR (Nevada Power Company</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Project)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.60</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>10/1/30</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,500,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4,780,985</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Washoe County,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>GO Convention Center Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Reno-Sparks Convention and</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Visitors Authority) (Insured;</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>FSA) (Prerefunded)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.40</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1/1/10</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8,000,000 b</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8,159,520</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>New Hampshire--3.8%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>New Hampshire Business Finance</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, PCR (Public Service</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Company of New Hampshire</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Project) (Insured; National</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Public Finance Guarantee Corp.)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5/1/21</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,690,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,724,432</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>New Hampshire Business Finance</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, PCR (Public Service</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Company of New Hampshire</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Project) (Insured; National</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Public Finance Guarantee Corp.)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5/1/21</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6,076,800</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>New Hampshire Industrial</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

<!--$$/page=-->
<A name="page_10"></A><BR>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="35%"></TD>
     <TD width="10%"></TD>
     <TD width="13%"></TD>
     <TD width="24%"></TD>
     <TD width="15%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Development Authority, PCR</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Connecticut Light and Power</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Company Project)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.90</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>11/1/16</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,400,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,406,318</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>New Jersey--5.3%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>New Jersey Economic Development</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, School Facilities</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Construction Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.50</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>12/15/29</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,371,500</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>New Jersey Economic Development</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, Special Facility</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Revenue (Continental Airlines,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Inc. Project)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.25</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>9/15/19</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,620,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,267,636</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Tobacco Settlement Financing</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Corporation of New Jersey,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Tobacco Settlement</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Asset-Backed Bonds</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6/1/29</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>250,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>198,935</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Tobacco Settlement Financing</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Corporation of New Jersey,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Tobacco Settlement</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Asset-Backed Bonds</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Prerefunded)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6/1/13</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>10,095,000 b</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>12,093,507</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>New York--8.7%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Austin Trust</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Port Authority of New York</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>and New Jersey, Consolidated</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Bonds, 151st Series)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>9/15/28</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>10,000,000 d,e</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>10,687,950</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Long Island Power Authority,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Electric System General Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.25</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4/1/33</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>3,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>3,387,450</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Metropolitan Transportation</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, Transportation</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.25</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>11/15/23</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8,425,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>9,517,386</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>New York City Industrial</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Development Agency, Special</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Facility Revenue (American</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Airlines, Inc. John F. Kennedy</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>International Airport Project)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7.75</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8/1/31</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4,277,650</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>New York State Dormitory</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, Revenue (Marymount</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Manhattan College) (Insured;</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Radian)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.25</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7/1/29</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4,036,720</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>New York State Dormitory</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR></TABLE><BR>
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<TR>
     <TD width="35%"></TD>
     <TD width="10%"></TD>
     <TD width="13%"></TD>
     <TD width="23%"></TD>
     <TD width="15%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, Revenue (Suffolk</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>County Judicial Facility)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>9.50</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4/15/14</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>605,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>790,420</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>North Carolina--1.3%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>North Carolina Eastern Municipal</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Power Agency, Power System</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.70</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1/1/19</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,500,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,543,200</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>North Carolina Housing Finance</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Agency, Home Ownership Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.88</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7/1/31</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,365,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,368,737</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Ohio--1.4%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Cuyahoga County,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Hospital Facilities Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(UHHS/CSAHS-Cuyahoga, Inc. and</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>CSAHS/UHHS-Canton, Inc.</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Project)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7.50</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1/1/30</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>3,500,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>3,555,545</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Port of Greater Cincinnati</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Development Authority, Tax</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Increment Development Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Fairfax Village Red Bank</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Infrastructure Project)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.63</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2/1/36</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,530,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,642,400</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Rhode Island--1.5%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Rhode Island Health and</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Educational Building</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Corporation, Hospital</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Financing Revenue (Lifespan</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Obligated Group Issue)</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Insured; Assured Guaranty)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5/15/39</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,647,650</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>South Carolina--4.1%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Greenville Hospital System,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Hospital Facilities Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Insured; AMBAC)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.50</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5/1/26</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7,117,250</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Richland County,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>EIR (International Paper</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Company Project)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.10</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4/1/23</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8,500,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8,146,995</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Tennessee--4.8%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Johnson City Health and</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Educational Facilities Board,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Hospital First Mortgage</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Revenue (Mountain States</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Health Alliance) (Prerefunded)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7.50</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7/1/12</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,000,000 b</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,289,080</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Johnson City Health and</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<TR>
     <TD width="35%"></TD>
     <TD width="11%"></TD>
     <TD width="13%"></TD>
     <TD width="23%"></TD>
     <TD width="15%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Educational Facilities Board,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Hospital First Mortgage</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Revenue (Mountain States</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Health Alliance) (Prerefunded)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7.50</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7/1/12</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4,875,000 b</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,579,633</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Memphis Center City Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Finance Corporation, Sports</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Facility Revenue (Memphis</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Redbirds Baseball Foundation</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Project)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.50</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>9/1/28</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6,000,000 f</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,837,940</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Metropolitan Government of</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Nashville and Davidson County</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Health and Educational</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Facilities Board, Revenue (The</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Vanderbilt University)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.50</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>10/1/29</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,500,000</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,777,875</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Metropolitan Government of</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Nashville and Davidson County</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Health and Educational</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Facilities Board, Revenue (The</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Vanderbilt University)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.50</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>10/1/34</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>3,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>3,268,860</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Tennessee Housing Development</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Agency, Homeownership Program</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1/1/28</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,320,000</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,342,361</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Texas--27.3%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Brazos River Authority,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>PCR (TXU Electric Company</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Project)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8.25</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5/1/33</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,500,000</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,308,850</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Brazos River Harbor Navigation</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>District, Revenue (The Dow</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Chemical Company Project)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.13</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5/15/33</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>3,978,200</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Dallas-Fort Worth International</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Airport Facility Improvement</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Corporation, Revenue (Learjet</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Inc. Project)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.15</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1/1/16</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>3,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,844,300</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Gregg County Health Facilities</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Development Corporation, HR</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Good Shepherd Medical Center</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Project) (Insured; Radian)</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Prerefunded)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.38</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>10/1/10</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,500,000 b</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,662,200</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Gulf Coast Industrial Development</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, Environmental</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Facilities Revenue (Microgy</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="35%"></TD>
     <TD width="10%"></TD>
     <TD width="13%"></TD>
     <TD width="23%"></TD>
     <TD width="16%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Holdings Project)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>12/1/36</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,203,200</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Harris County Health Facilities</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Development Corporation, HR</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Memorial Hermann Healthcare</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>System)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7.25</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>12/1/35</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>9,290,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>10,214,820</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Harris County Health Facilities</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Development Corporation, HR</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Memorial Hermann Healthcare</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>System) (Prerefunded)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.38</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6/1/11</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7,000,000 b</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7,727,650</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Harris County Hospital District,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Senior Lien Revenue (Insured;</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>National Public Finance</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Guarantee Corp.)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.25</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2/15/42</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4,803,600</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Harris County-Houston Sports</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, Third Lien Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Insured; National Public</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Finance Guarantee Corp.)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>0.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>11/15/31</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>9,685,000 a</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,916,758</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Houston,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Combined Utility System First</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Lien Revenue (Insured; Assured</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Guaranty)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>11/15/36</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,648,800</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Lubbock Housing Financing</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Corporation, SFMR</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Collateralized: FNMA and GNMA)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.70</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>10/1/30</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>845,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>886,870</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Matagorda County Navigation</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>District Number One, Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Houston Lighting and Power</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Company Project) (Insured;</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>AMBAC)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.13</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>11/1/28</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4,295,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>3,592,810</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>North Texas Tollway Authority,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>First Tier System Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Insured; Assured Guaranty)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.75</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1/1/40</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>14,705,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>15,519,804</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>North Texas Tollway Authority,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Second Tier System Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.75</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1/1/38</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6,650,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6,566,942</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Sabine River Authority,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>PCR (TXU Electric Company</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Project)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.45</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6/1/21</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4,900,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>2,222,885</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Texas</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Veterans' Land)</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>12/1/30</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>3,935,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>3,958,531</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Texas,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_14"></A><BR>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="34%"></TD>
     <TD width="11%"></TD>
     <TD width="13%"></TD>
     <TD width="23%"></TD>
     <TD width="15%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>GO (Veterans Housing</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Assistance Program)</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Collateralized; FHA)</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.10</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6/1/31</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8,510,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8,521,659</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Texas Department of Housing and</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Community Affairs, Home</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Mortgage Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Collateralized: FHLMC, FNMA</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>and GNMA)</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>12.01</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7/2/24</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>850,000 c</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>954,321</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Texas Department of Housing and</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Community Affairs, Residential</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Mortgage Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Collateralized: FHLMC, FNMA</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>and GNMA)</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.35</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7/1/33</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,035,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,037,215</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Texas Turnpike Authority,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Central Texas Turnpike System</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Revenue (Insured; AMBAC)</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.25</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8/15/42</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,375,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4,933,014</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Tomball Hospital Authority,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Revenue (Tomball Regional</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Hospital)</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7/1/25</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4,650,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>3,842,574</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Willacy County Local Government</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Corporation, Project Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.88</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>9/1/28</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>3,139,200</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Virginia--6.9%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Henrico County Industrial</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Development Authority, Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Bon Secours Health System)</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Insured; FSA)</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>11.09</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8/23/27</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7,350,000 c</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8,261,033</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Virginia Housing Development</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, Commonwealth</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Mortgage Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.25</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7/1/31</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,250,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,674,620</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Virginia Housing Development</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, Rental Housing</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.20</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8/1/24</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8,520,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8,610,823</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Washington County Industrial</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Development Authority, HR</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Mountain States Health</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Alliance)</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7.75</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7/1/38</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>3,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>3,345,690</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Washington--4.4%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Washington Health Care Facilities</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Authority, Mortgage Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Highline Medical Center)</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

<!--$$/page=-->
<A name="page_15"></A><BR>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="33%"></TD>
     <TD width="12%"></TD>
     <TD width="12%"></TD>
     <TD width="23%"></TD>
     <TD width="17%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Collateralized; FHA)</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.25</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8/1/36</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6,404,940</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Washington Higher Educational</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=center>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Facilities Authority, Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=center>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Whitman College) (Prerefunded)</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.88</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>10/1/09</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>10,000,000 b</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>10,046,100</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Wisconsin--7.4%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=center>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Badger Tobacco Asset</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=center>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Securitization Corporation,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=center>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Tobacco Settlement</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=center>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Asset-Backed Bonds</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.13</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6/1/27</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6,455,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7,080,941</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Badger Tobacco Asset</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=center>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Securitization Corporation,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Tobacco Settlement</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Asset-Backed Bonds</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Prerefunded)</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6/1/12</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>14,570,000 b</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>16,653,364</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Wisconsin Health and Educational</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Facilities Authority, Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Aurora Health Care, Inc.)</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.40</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4/15/33</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>4,006,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>U.S. Related--2.2%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=center>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Government of Guam,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=center>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>GO</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>11/15/39</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,500,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,512,285</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Puerto Rico Commonwealth,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=center>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Public Improvement GO</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5.50</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>7/1/32</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,500,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>1,428,735</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Puerto Rico Sales Tax Financing</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=center>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Corporation, Sales Tax Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=center>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(First Subordinate Series)</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>6.00</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>8/1/42</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,000,000</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>5,223,850</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Total Long-Term Municipal Investments</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=center>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(cost $565,841,130)</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=right><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>551,309,345</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=2>Short-Term Municipal</FONT></B>&nbsp;</TD>
     <TD noWrap align=center><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=2>Coupon</FONT></B>&nbsp;</TD>
     <TD noWrap align=center><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=2>Maturity</FONT></B>&nbsp;</TD>
     <TD noWrap align=center><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=2>Principal</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=2>Investment--.2%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=2>Rate (%)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=2>Date</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=2>Amount ($)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=2>Value ($)</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Idaho;</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Idaho Health Facilities Authority,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Revenue (Saint Luke's Regional</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Medical Center Project)</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(Insured; FSA and Liquidity</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Facility; Bank of Montreal)</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(cost $700,000)</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>0.20</FONT>&nbsp;</TD>
     <TD noWrap align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>9/1/09</FONT>&nbsp;</TD>
     <TD noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>700,000 </FONT><SUP><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>g</FONT></SUP>&nbsp;</TD>
     <TD noWrap align=right><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>700,000</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Total Investments </FONT></B><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>(cost $566,541,130)</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=right><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>147.3%</FONT></B>&nbsp;</TD>
     <TD noWrap align=right><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>552,009,345</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Cash and Receivables (Net)</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=right><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>2.3%</FONT></B>&nbsp;</TD>
     <TD noWrap align=right><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>8,747,718</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Preferred Stock, at redemption value</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=right><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>(49.6%)</FONT></B>&nbsp;</TD>
     <TD noWrap align=right><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>(186,000,000)</FONT></B>&nbsp;</TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="53%"></TD>
     <TD width="29%"></TD>
     <TD width="17%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Net Assets Applicable to Common Shareholders</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>100.0%</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>374,757,063</FONT></B>&nbsp;</TD></TR></TABLE><BR>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="3%"></TD>
     <TD width="96%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>a</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Security issued with a zero coupon. Income is recognized through the accretion of discount.</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>These securities are prerefunded; the date shown represents the prerefunded date. Bonds which are prerefunded are</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>collateralized by U.S. Government securities which are held in escrow and are used to pay principal and interest on the</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>municipal issue and to retire the bonds in full at the earliest refunding date.</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>c</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Inverse floater security--the interest rate is subject to change periodically.</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>d</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>transactions exempt from registration, normally to qualified institutional buyers. At August 31, 2009, these securities</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>amounted to $11,298,720 or 3.0% of net assets applicable to Common Shareholders.</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>e</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Collateral for floating rate borrowings.</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>f</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Non-income producing--security in default.</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>g</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Variable rate demand note - rate shown is the interest rate in effect at August 31, 2009. Maturity date represents the</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>next demand date, or the ultimate maturity date if earlier.</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>At August 31, 2009, the aggregate cost of investment securities for income tax purposes was $566,541,130. Net unrealized depreciation on investments was $14,531,785 of which $27,194,301 related to appreciated investment securities and $41,726,086 related to depreciated investment securities.</FONT></P>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="10%"></TD>
     <TD width="43%"></TD>
     <TD width="10%"></TD>
     <TD width="36%"></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left colSpan=2><FONT face=ArialMT,Arial,Helvetica,sans-serif size=2>Summary of Abbreviations</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>ABAG</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Association Of Bay Area Governments</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>ACA</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>American Capital Access</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>AGC</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>ACE Guaranty Corporation</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>AGIC</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Asset Guaranty Insurance Company</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>AMBAC</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>American Municipal Bond Assurance Corporation</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>ARRN</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Adjustable Rate Receipt Notes</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>BAN</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Bond Anticipation Notes</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>BIGI</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Bond Investors Guaranty Insurance</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>BPA</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Bond Purchase Agreement</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>CGIC</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Capital Guaranty Insurance Company</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>CIC</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Continental Insurance Company</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>CIFG</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>CDC Ixis Financial Guaranty</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>CMAC</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Capital Markets Assurance Corporation</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>COP</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Certificate of Participation</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>CP</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Commercial Paper</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>EDR</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Economic Development Revenue</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>EIR</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Environmental Improvement Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>FGIC</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Financial Guaranty Insurance Company</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>FHA</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Federal Housing Administration</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>FHLB</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Federal Home Loan Bank</FONT>&nbsp;</TD></TR></TABLE><BR>
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<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="10%"></TD>
     <TD width="38%"></TD>
     <TD width="12%"></TD>
     <TD width="37%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>FHLMC</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Federal Home Loan Mortgage Corporation</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>FNMA</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Federal National Mortgage Association</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>FSA</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Financial Security Assurance</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>GAN</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Grant Anticipation Notes</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>GIC</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Guaranteed Investment Contract</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>GNMA</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Government National Mortgage Association</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>GO</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>General Obligation</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>HR</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Hospital Revenue</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>IDB</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Industrial Development Board</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>IDC</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Industrial Development Corporation</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>IDR</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Industrial Development Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>LOC</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Letter of Credit</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>LOR</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Limited Obligation Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>LR</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Lease Revenue</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>MFHR</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Multi-Family Housing Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>MFMR</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Multi-Family Mortgage Revenue</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>PCR</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Pollution Control Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>PILOT</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Payment in Lieu of Taxes</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>RAC</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Revenue Anticipation Certificates</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>RAN</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Revenue Anticipation Notes</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>RAW</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Revenue Anticipation Warrants</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>RRR</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Resources Recovery Revenue</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>SAAN</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>State Aid Anticipation Notes</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>SBPA</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Standby Bond Purchase Agreement</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>SFHR</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Single Family Housing Revenue</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>SFMR</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Single Family Mortgage Revenue</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>SONYMA</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>State of New York Mortgage Agency</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>SWDR</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Solid Waste Disposal Revenue</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>TAN</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Tax Anticipation Notes</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>TAW</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Tax Anticipation Warrants</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>TRAN</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Tax and Revenue Anticipation Notes</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>XLCA</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>XL Capital Assurance</FONT>&nbsp;</TD></TR></TABLE><BR>
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<P align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Various inputs are used in determining the value of the fund's investments relating to FAS 157. These inputs are summarized in the three broad levels listed below.</FONT></P>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="100%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Level 1 </FONT></B><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>- quoted prices in active markets for identical investments.</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Level 2 </FONT></B><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>- other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds,</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>credit risk, etc.).</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Level 3 </FONT></B><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>- significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments).</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>in those securities.</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>The following is a summary of the inputs used as of August 31, 2009 in valuing the fund's investments:</FONT>&nbsp;</TD></TR></TABLE><BR>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="23%"></TD>
     <TD width="18%"></TD>
     <TD width="19%"></TD>
     <TD width="23%"></TD>
     <TD width="14%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=right colSpan=2><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Level 1 -Quoted Level 2 - Other Significant</FONT></B>&nbsp;</TD>
     <TD noWrap align=right><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Level 3 -Significant</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Assets ($)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Prices</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Observable Inputs</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Unobservable Inputs</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Total</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Investments in Securities:</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Municipal Bonds</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>-</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>552,009,345</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>-</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>552,009,345</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Other Financial Instruments+</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>-</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>-</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>-</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>-</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=1>Liabilities ($)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>Other Financial Instruments+</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>-</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>-</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>-</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>-</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=left><FONT face=ArialMT,Arial,Helvetica,sans-serif size=1>&#134; Other financial instruments include derivative instruments, such as futures, forward foreign currency exchange contracts, swap contracts and options contracts. Amounts shown represents unrealized appreciation (depreciation), or in the case of options, market value at period end.</FONT></P>
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<P align="left">
<FONT size=2 face="ArialMT,Arial,Helvetica,sans-serif">The fund adopted Statement of Financial Accounting Standards No. 161 &#147;Disclosures about Derivative Instruments and Hedging Activities&#148; (&#147;FAS 161&#148;). FAS 161 requires
qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments and disclosures about credit-risk-related contingent features in
derivative agreements. Since the fund held no derivatives during the period, FAS 161 disclosures did not impact the notes to the financial statements.</FONT></P>
<P align="left">
<FONT size=2 face="ArialMT,Arial,Helvetica,sans-serif">Portfolio valuation: Investments in municipal debt securities are valued on the last business day of each week and month by an independent pricing service (the &#147;Service&#148;) approved by
the Board of Directors. Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of the Service are valued at the mean between the quoted bid prices (as obtained by the
Service from dealers in such securities) and asked prices (as calculated by the Service based upon its evaluation of the market for such securities). Other investments (which constitute a majority of the portfolio securities) are carried at fair
value as determined by the Service, based on methods which include consideration of: yields or prices of municipal securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions.
Options and financial futures on municipal securities and U.S.Treasury securities are valued at the last sales price on the securities exchange on which such securities are primarily traded or at the last sales price on the national securities
market on the last business day of each week and month.</FONT></P>
<P align="left">
<FONT size=2 face="ArialMT,Arial,Helvetica,sans-serif">Inverse Floater Securities: The fund may participate in secondary inverse floater structures in which fixed-rate, tax-exempt municipal bonds purchased by the fund are transferred to a trust. The
trust subsequently issues two or more variable rate securities that are collateralized by the cash flows of the fixed-rate, tax-exempt municipal bonds. One or more of these variable rate securities pays interest based on a short-term floating rate
set by a remarketing agent at predetermined intervals. A residual interest tax-exempt security is also</FONT></P>

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<P align="left">
<FONT size=2 face="ArialMT,Arial,Helvetica,sans-serif">created by the trust, which is transferred to the fund, and is paid interest based on the remaining cash flow of the trust, after payment of interest on the other securities and various expenses
of the trust.</FONT></P>
<P align="left">
<FONT size=2 face="ArialMT,Arial,Helvetica,sans-serif">The fund accounts for the transfer of bonds to the trusts as secured borrowings, with the securities transferred remaining in the fund&#146;s investments, and the related floating rate
certificate securities reflected as fund liabilities.</FONT></P>
<P align="left">
<FONT size=2 face="ArialMT,Arial,Helvetica,sans-serif">Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the Securities and Exchange Commission on Form
N-CSR.</FONT></P>

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<A name="page_21"></A><BR>
<TABLE cellSpacing=0 border=0>
<TR>
     <TD width="27%"></TD>
     <TD width="72%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Item 2.</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Controls and Procedures.</FONT></B>&nbsp;</TD></TR></TABLE><BR>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(a) The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(b) There were no changes to the Registrant's internal control over financial reporting that occurred during the Registrant's most recently ended fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.</FONT></P>
<TABLE cellSpacing=0 border=0>
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     <TD noWrap align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Item 3.</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Exhibits.</FONT></B>&nbsp;</TD></TR></TABLE><BR>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(a) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.</FONT></P>
<P align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>-3-</FONT></P>
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     <TD noWrap align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>SIGNATURES</FONT></B></TD></TR></TABLE></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>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 align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Dreyfus Strategic Municipal Bond Fund, Inc.</FONT></P>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>By:</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>/s/ J. David Officer</FONT>&nbsp;</TD></TR>
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     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>J. David Officer</FONT>&nbsp;</TD></TR>
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     <TD align=center colSpan=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>President&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD></TR>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Date:</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>October 28, 2009</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.</FONT></P>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>By:</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>/s/ J. David Officer</FONT>&nbsp;</TD></TR>
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     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>J. David Officer</FONT>&nbsp;</TD></TR>
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     <TD align=center colSpan=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>President&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD></TR>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Date:</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>October 28, 2009</FONT>&nbsp;</TD></TR></TABLE><BR>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>By:</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>/s/ James Windels</FONT>&nbsp;</TD></TR>
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     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>James Windels</FONT>&nbsp;</TD></TR>
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     <TD align=center colSpan=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Treasurer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD></TR>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Date:</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>October 28, 2009</FONT>&nbsp;</TD></TR></TABLE><BR>
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<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940. (EX-99.CERT)</FONT></P>
<P align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>-4-</FONT></P>
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<DESCRIPTION>CERTIFICATION
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     <TD noWrap align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>SECTION 302 CERTIFICATION</FONT></B></TD></TR></TABLE></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>I, J. David Officer, certify that:</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1. I have reviewed this report on Form N-Q of Dreyfus Strategic Municipal Bond Fund, Inc.</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">;</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2. 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>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3. Based on my knowledge, the schedule 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>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>4. The registrant'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) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(a) 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>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(c) Evaluated the effectiveness of the registrant'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>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting;</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(a) 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's ability to record, process, summarize, and report financial information; and</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.</FONT></P>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>By:</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>/s/ J. David Officer</FONT>&nbsp;</TD></TR>
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     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>J. David Officer</FONT>&nbsp;</TD></TR>
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     <TD noWrap align=left></TD>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>President</FONT></TD></TR>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Date:</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>October 28, 2009</FONT>&nbsp;</TD></TR></TABLE></DIV><BR>
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     <TD noWrap align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>SECTION 302 CERTIFICATION</FONT></B></TD></TR></TABLE></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>I, James Windels, certify that:</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1. I have reviewed this report on Form N-Q of Dreyfus Strategic Municipal Bond Fund, Inc.;</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2. 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>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3. Based on my knowledge, the schedule 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>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>4. The registrant'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) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(a) 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>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(c) Evaluated the effectiveness of the registrant'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>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting;</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(a) 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's ability to record, process, summarize, and report financial information; and</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.</FONT></P>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>By:</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>/s/ James Windels</FONT>&nbsp;</TD></TR>
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     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>James Windels</FONT>&nbsp;</TD></TR>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Treasurer</FONT></TD></TR>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Date:</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>October 28, 2009</FONT>&nbsp;</TD></TR></TABLE></DIV><BR>
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