<SEC-DOCUMENT>0000855887-12-000003.txt : 20120427
<SEC-HEADER>0000855887-12-000003.hdr.sgml : 20120427
<ACCEPTANCE-DATETIME>20120427145813
ACCESSION NUMBER:		0000855887-12-000003
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20120229
FILED AS OF DATE:		20120427
DATE AS OF CHANGE:		20120427
EFFECTIVENESS DATE:		20120427

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:		12788633

	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>lp1852.htm
<DESCRIPTION>FORM N-Q
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<p style="margin-bottom:24.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
  Washington, D.C.&#160; 20549</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">FORM N-Q</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">QUARTERLY SCHEDULE OF
PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT<br>
INVESTMENT COMPANY</font></p>

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  <td colspan=3 valign=top width=42% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">Investment Company Act file
  number</font></p>
  </td>
 <td colspan=4 valign=top width=58% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">811-5877</font></p>
  </td>
 </tr>
<tr>
  <td colspan=3 valign=top width=42% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=4 valign=top width=58% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td valign=top width=8% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 valign=top width=84% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:11.0pt;">Dreyfus Strategic Municipal Bond Fund, Inc.</font></p>
  </td>
 <td valign=top width=8% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td valign=top width=8% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 valign=top width=84% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:11.0pt;">(Exact name of Registrant as specified in charter)</font></p>
  </td>
 <td valign=top width=8% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
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  <td valign=top width=8% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 valign=top width=84% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
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<tr style="page-break-inside:avoid;">
  <td valign=top width=8% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 valign=top width=84% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:11.0pt;">c/o The Dreyfus Corporation</font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:11.0pt;">200 Park Avenue</font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:11.0pt;">New York, New York  10166</font></p>
  </td>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 valign=top width=84% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:11.0pt;">(Address of principal executive offices)        (Zip
  code)</font></p>
  </td>
 <td valign=top width=8% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
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  <td valign=top width=8% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 valign=top width=84% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:11.0pt;">Janette E. Farragher, Esq.</font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:11.0pt;">200 Park Avenue</font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:11.0pt;">New York, New York  10166</font></p>
  </td>
 <td valign=top width=8% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
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  <td valign=top width=8% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 valign=top width=84% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:11.0pt;">(Name and address of agent for service)</font></p>
  </td>
 <td valign=top width=8% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=7 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=4 valign=top width=55% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">Registrant's telephone
  number, including area code:  </font></p>
  </td>
 <td colspan=3 valign=top width=45% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">(212) 922-6000</font></p>
  </td>
 </tr>
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  <td colspan=5 valign=top width=58% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=42% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=28% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">Date of fiscal year end:</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=top width=30% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">11/30</font></p>
  </td>
 <td colspan=2 width=42% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
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  <td colspan=2 valign=top width=28% style="height:21.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">Date of reporting period:</font></p>
  </td>
 <td colspan=3 valign=top width=30% style="height:21.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">2/29/2012</font></p>
  </td>
 <td colspan=2 width=42% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
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<P style="MARGIN: 0in 0in 12pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">FORM N-Q</FONT></B></P>

<P style="MARGIN: 0in 0in 12pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Item 1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Schedule of Investments.</FONT></B></P>

<P style="MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

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   <TD style="TEXT-INDENT: 0.479pt" align=left colSpan=2><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=3>STATEMENT OF INVESTMENTS</FONT></B>&nbsp;</TD>

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   <TD style="TEXT-INDENT: 0.119pt" align=left colSpan=2><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=2>Dreyfus Strategic Municipal Bond Fund, Inc.</FONT></B>&nbsp;</TD>

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   <TD style="TEXT-INDENT: 0.119pt" align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=2>February 29, 2012 (Unaudited)</FONT></B>&nbsp;</TD>

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<TR>

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   <TD style="TEXT-INDENT: 0.119pt" align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=2>Long-Term Municipal</FONT></B>&nbsp;</TD>

   <TD align=center><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=2>Coupon</FONT></B>&nbsp;</TD>

   <TD align=center><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=2>Maturity</FONT></B>&nbsp;</TD>

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=2>Principal</FONT></B></TD>

   <TD align=left>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.119pt; BORDER-BOTTOM: #000000 3px double" align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=2>Investments--144.1%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=2>Rate (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=center><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=2>Date</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=2>Amount ($)</FONT></B></TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=2>Value ($)</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Alabama--.2%</FONT></B>&nbsp;</TD>

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   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Jefferson County,</FONT>&nbsp;</TD>

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   <TD style="TEXT-INDENT: 16.584pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Limited Obligation School</FONT>&nbsp;</TD>

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   <TD style="TEXT-INDENT: 16.584pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Warrants</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.07pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.00</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1/1/24</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,000,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>933,220</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Alaska--.7%</FONT></B>&nbsp;</TD>

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   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Northern Tobacco Securitization</FONT>&nbsp;</TD>

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   <TD style="TEXT-INDENT: 16.584pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Corporation of Alaska, Tobacco</FONT>&nbsp;</TD>

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   <TD style="TEXT-INDENT: 16.584pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Settlement Asset-Backed Bonds</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.07pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.00</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6/1/32</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,500,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,070,925</FONT>&nbsp;</TD></TR>

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   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Northern Tobacco Securitization</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.584pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Corporation of Alaska, Tobacco</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.584pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Settlement Asset-Backed Bonds</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.07pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.00</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6/1/46</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,245,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>914,079</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Arizona--7.5%</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Barclays Capital Municipal Trust</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.584pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Receipts (Salt River Project</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.584pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Agricultural Improvement and</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.584pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Power District, Salt River</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.584pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Project Electric System</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.584pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Revenue)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.07pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.00</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1/1/38</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>13,198,367</FONT></TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>a,b</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>14,391,449</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Glendale Western Loop 101 Public</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.584pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Facilities Corporation, Third</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.584pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Lien Excise Tax Revenue</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.07pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.00</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/1/33</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6,010,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6,598,499</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Pima County Industrial Development</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.584pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Authority, Education Revenue</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.584pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(American Charter Schools</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.584pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Foundation Project)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.07pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.50</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/1/26</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,000,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,776,080</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Pima County Industrial Development</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.584pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Authority, IDR (Tucson</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.584pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Electric Power Company Project)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.07pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.75</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9/1/29</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6,000,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6,274,680</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Salt Verde Financial Corporation,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.584pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Senior Gas Revenue</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.07pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.00</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12/1/37</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,000,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,001,420</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>California--15.5%</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Barclays Capital Municipal Trust</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

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<TABLE border=0 cellspacing=0>
<TR>
     <TD width=34%></TD>
     <TD width=9%></TD>
     <TD width=13%></TD>
     <TD width=23%></TD>
     <TD width=3%></TD>
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<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Receipts (Los Angeles</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Department of Airports, Senior</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Revenue (Los Angeles</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">International Airport))</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5/15/31</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,247,500</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">a,b</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,910,444</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">California,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">GO (Various Purpose)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.75</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4/1/31</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7,800,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">9,103,458</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">California,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">GO (Various Purpose)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3/1/33</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,250,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,697,975</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">California,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">GO (Various Purpose)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.50</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4/1/33</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6,158,350</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">California,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">GO (Various Purpose)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">11/1/35</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,884,100</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">California Statewide Communities</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Development Authority, Revenue</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Front Porch Communities and</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Services Project)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.13</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4/1/37</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,975,000</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">b</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,735,504</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Golden State Tobacco</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Securitization Corporation,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Tobacco Settlement</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Asset-Backed Bonds</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4.50</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6/1/27</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,677,960</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Golden State Tobacco</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Securitization Corporation,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Tobacco Settlement</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Asset-Backed Bonds</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6/1/33</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">8,335,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6,383,360</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Los Angeles Department of Water</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">and Power, Power System Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7/1/34</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,885,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,200,648</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Sacramento City Unified School</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">District, GO (Insured; Assured</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Guaranty Municipal Corp.)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">0.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7/1/24</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,220,000</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">c</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,239,114</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Sacramento County,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Airport System Subordinate and</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Passenger Facility Charges</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Grant Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7/1/35</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,466,320</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">San Buenaventura,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Revenue (Community Memorial</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Health System)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7.50</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">12/1/41</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,500,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,691,340</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">San Diego Public Facilities</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Financing Authority, Senior</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Sewer Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.25</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5/15/34</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,500,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,835,325</FONT>&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
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<TR>
     <TD width=34%></TD>
     <TD width=11%></TD>
     <TD width=14%></TD>
     <TD width=23%></TD>
     <TD width=16%></TD></TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Santa Margarita/Dana Point</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, Revenue (Santa</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Margarita Water District</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Improvement Districts Numbers</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,3 and 4)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.13</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">8/1/38</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,000,000</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,459,050</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Tuolumne Wind Project Authority,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Revenue (Tuolumne Company</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Project)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.88</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1/1/29</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,000,000</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,320,180</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Colorado--.2%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Colorado Housing and Finance</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, Single Family</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Program Senior and Subordinate</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Bonds (Collateralized; FHA)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.60</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">8/1/32</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">830,000</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">896,275</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Connecticut--1.2%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Connecticut Resources Recovery</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, Special Obligation</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Revenue (American REF-FUEL</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Company of Southeastern</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Connecticut Project)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.45</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">11/15/22</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,985,000</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,988,390</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Florida--6.7%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Florida,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Department of Transportation</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Right-of-Way Acquisition and</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Bridge Construction Bonds</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7/1/24</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,500,000</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,182,640</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Mid-Bay Bridge Authority,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Springing Lien Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7.25</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">10/1/34</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,000,000</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,507,850</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Orange County School Board,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">COP (Master Lease Purchase</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Agreement) (Insured; Assured</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Guaranty Municipal Corp.)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.50</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">8/1/34</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,500,000</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,995,180</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Palm Beach County Health</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Facilities Authority,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Retirement Community Revenue</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Adult Communities Total</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Services, Inc. Retirement -</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Life Communities, Inc.</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Obligated Group)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.50</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">11/15/33</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6,825,000</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7,104,620</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Saint Johns County Industrial</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Development Authority, Revenue</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Presbyterian Retirement</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
</DIV>

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<A name="page_6"></A><BR>

<a name="_bclPageBorder6"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 cellspacing=0>
<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 align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Communities Project)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">8/1/45</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,500,000</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,774,190</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">South Lake County Hospital</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">District, Revenue (South Lake</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Hospital, Inc.)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.25</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4/1/39</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,500,000</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,689,875</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Georgia--4.5%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Atlanta,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Airport General Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1/1/26</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,500,000</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,836,035</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Atlanta,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Water and Wastewater Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">11/1/28</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,865,000</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,794,069</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Atlanta,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Water and Wastewater Revenue</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Insured; Assured Guaranty</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Municipal Corp.)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.25</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">11/1/34</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,750,000</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,173,337</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Augusta,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Airport Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.45</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1/1/31</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,500,000</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,396,725</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Savannah Economic Development</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, EIR (International</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Paper Company Project)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.20</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">8/1/27</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,670,000</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,738,405</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Hawaii--1.2%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Hawaii Department of Budget and</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Finance, Special Purpose</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Revenue (Hawai'i Pacific</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Health Obligated Group)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.63</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7/1/30</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,500,000</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,740,000</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Hawaii Department of Budget and</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Finance, Special Purpose</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Revenue (Hawaiian Electric</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Company, Inc. and Subsidiary</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Projects)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.50</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7/1/39</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,000,000</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,227,680</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Idaho--.0%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Idaho Housing and Finance</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Association, SFMR</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Collateralized; FNMA)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.35</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1/1/30</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">185,000</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">185,294</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Illinois--2.6%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Chicago,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">General Airport Third Lien</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Revenue (Chicago O'Hare</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">International Airport)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.63</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1/1/35</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,000,000</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,440,370</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Chicago,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">SFMR (Collateralized: FHLMC,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
</DIV>

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<A name="page_7"></A><BR>

<a name="_bclPageBorder7"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=34%></TD>
     <TD width=10%></TD>
     <TD width=13%></TD>
     <TD width=23%></TD>
     <TD width=3%></TD>
     <TD width=15%></TD></TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">FNMA and GNMA)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.25</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">10/1/32</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">785,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">812,718</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Illinois Finance Authority,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Recovery Zone Facility Revenue</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Navistar International</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Corporation Project)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.50</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">10/15/40</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,149,980</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Illinois Finance Authority,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Revenue (Sherman Health</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Systems)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.50</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">8/1/37</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,020,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,036,901</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Railsplitter Tobacco Settlement</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, Tobacco Settlement</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6/1/28</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,362,670</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Indiana--.7%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Indianapolis Local Public</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Improvement Bond Bank, Revenue</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Indianapolis Airport</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority Project) (Insured;</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">AMBAC)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1/1/36</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,063,690</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:0.839996pt">
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Iowa--.4%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Tobacco Settlement Authority of</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Iowa, Tobacco Settlement</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Asset-Backed Bonds</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.60</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6/1/34</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,766,060</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Kentucky--.3%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Louisville/Jefferson County Metro</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Government, Health Facilities</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Revenue (Jewish Hospital and</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Saint Mary's HealthCare, Inc.</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Project)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.13</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2/1/37</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,073,140</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Louisiana--1.9%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Lakeshore Villages Master</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Community Development</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">District, Special Assessment</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.25</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7/1/17</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,987,000</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">d</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">794,681</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Louisiana Local Government</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Environmental Facilities and</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Community Development</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, Revenue (Westlake</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Chemical Corporation Projects)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.75</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">11/1/32</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,397,520</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Louisiana Public Facilities</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, Revenue (Belle</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Chasse Educational Foundation</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
</DIV>

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<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=33%></TD>
     <TD width=10%></TD>
     <TD width=13%></TD>
     <TD width=23%></TD>
     <TD width=3%></TD>
     <TD width=15%></TD></TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Project)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.50</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5/1/31</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,750,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,991,175</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Maine--.5%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Maine Health and Higher</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Educational Facilities</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, Revenue</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(MaineGeneral Medical Center</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Issue)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7.50</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7/1/32</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,307,860</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Maryland--.4%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Maryland Economic Development</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Corporation, Senior Student</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Housing Revenue (University of</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Maryland, Baltimore Project)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.75</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">10/1/33</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,550,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,652,247</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Massachusetts--12.3%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Barclays Capital Municipal Trust</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Receipts (Massachusetts Health</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">and Educational Facilities</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, Revenue</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Massachusetts Institute of</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Technology Issue))</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7/1/38</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">10,200,000</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">a,b</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">11,773,758</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">JPMorgan Chase Putters/Drivers</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Trust (Massachusetts,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Consolidated Loan)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4/1/19</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6,400,000</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">a,b</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7,660,736</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">JPMorgan Chase Putters/Drivers</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Trust (Massachusetts</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Development Finance Agency,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Revenue (Harvard University</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Issue))</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.25</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2/1/34</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">10,000,000</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">a,b</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">11,926,600</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Massachusetts Development Finance</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Agency, Revenue (Tufts Medical</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Center Issue)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7.25</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1/1/32</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,500,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,983,525</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Massachusetts Health and</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Educational Facilities</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, Revenue (Civic</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Investments Issue)</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Prerefunded)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">9.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">12/15/12</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,300,000</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">e</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,402,453</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Massachusetts Health and</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Educational Facilities</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, Revenue (Suffolk</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">University Issue)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.25</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7/1/30</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,653,050</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Massachusetts Housing Finance</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
</DIV>

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<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=34%></TD>
     <TD width=11%></TD>
     <TD width=14%></TD>
     <TD width=23%></TD>
     <TD width=16%></TD></TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Agency, Housing Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">12/1/38</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,575,000</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,183,246</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Massachusetts Housing Finance</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Agency, SFHR</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">12/1/31</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,575,000</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,670,890</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Michigan--8.0%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Detroit,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Sewage Disposal System Senior</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Lien Revenue (Insured; Assured</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Guaranty Municipal Corp.)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7.50</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7/1/33</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,500,000</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,408,005</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Detroit,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Water Supply System Senior</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Lien Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7/1/31</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,780,000</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,959,323</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Detroit,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Water Supply System Senior</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Lien Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7/1/36</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,290,000</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,342,574</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Kent Hospital Finance Authority,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Revenue (Metropolitan Hospital</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Project)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7/1/35</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,000,000</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,044,000</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Michigan Strategic Fund,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">LOR (State of Michigan</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Cadillac Place Office Building</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Project)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.25</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">10/15/31</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,500,000</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,985,460</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Michigan Strategic Fund,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">SWDR (Genesee Power Station</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Project)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7.50</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1/1/21</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6,620,000</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6,456,023</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Royal Oak Hospital Finance</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, HR (William</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Beaumont Hospital Obligated</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Group)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">8.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">9/1/29</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,000,000</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6,360,700</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Wayne County Airport Authority,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Airport Revenue (Detroit</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Metropolitan Wayne County</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Airport) (Insured; National</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Public Finance Guarantee Corp.)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">12/1/34</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,450,000</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,457,718</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Minnesota--.6%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Tobacco Securitization Authority</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">of Minnesota, Tobacco</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Settlement Revenue Bonds</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.25</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3/1/31</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,500,000</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,724,375</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Nevada--1.3%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Clark County,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Passenger Facility Charge</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
</DIV>

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<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=33%></TD>
     <TD width=10%></TD>
     <TD width=13%></TD>
     <TD width=23%></TD>
     <TD width=3%></TD>
     <TD width=15%></TD></TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Revenue (Las Vegas-McCarran</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">International Airport)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7/1/30</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,419,100</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">New Hampshire--1.3%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">New Hampshire Industrial</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Development Authority, PCR</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Connecticut Light and Power</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Company Project)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.90</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">11/1/16</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,400,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,414,472</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">New Jersey--5.2%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">New Jersey Economic Development</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, School Facilities</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Construction Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.50</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">12/15/29</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,678,200</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">New Jersey Economic Development</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, Water Facilities</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Revenue (New Jersey - American</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Water Company, Inc. Project)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.70</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">10/1/39</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,297,300</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Tobacco Settlement Financing</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Corporation of New Jersey,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Tobacco Settlement</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Asset-Backed Bonds</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4.50</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6/1/23</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,500,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,414,935</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Tobacco Settlement Financing</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Corporation of New Jersey,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Tobacco Settlement</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Asset-Backed Bonds</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6/1/41</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">761,360</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Tobacco Settlement Financing</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Corporation of New Jersey,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Tobacco Settlement</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Asset-Backed Bonds</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Prerefunded)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6/1/13</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">10,095,000</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">e</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">10,951,561</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">New Mexico--1.2%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Farmington,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">PCR (Public Service Company of</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">New Mexico San Juan Project)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.90</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6/1/40</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,252,900</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">New York--13.8%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Austin Trust</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Port Authority of New York</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">and New Jersey, Consolidated</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Bonds, 151st Series)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">9/15/28</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">10,000,000</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">a,b</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">11,934,100</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Barclays Capital Municipal Trust</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Receipts (New York City</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Transitional Finance</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
</DIV>

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<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=34%></TD>
     <TD width=10%></TD>
     <TD width=13%></TD>
     <TD width=23%></TD>
     <TD width=3%></TD>
     <TD width=15%></TD></TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, Future Tax Secured</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Revenue)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5/1/30</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,488,203</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">a,b</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,105,264</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Barclays Capital Municipal Trust</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Receipts (New York City</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Transitional Finance</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, Future Tax Secured</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Subordinate Revenue)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.50</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">11/1/27</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,000,000</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">a,b</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6,151,850</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">JPMorgan Chase Putters/Drivers</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Trust (New York City</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Transitional Finance</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, Future Tax Secured</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Subordinate Revenue)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.25</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">11/1/18</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,000,000</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">a,b</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6,096,800</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Long Island Power Authority,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Electric System General Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.25</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4/1/33</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,603,510</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Metropolitan Transportation</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, Transportation</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.25</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">11/15/23</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">9,425,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">11,494,824</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">New York City Educational</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Construction Fund, Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.50</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4/1/28</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,785,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,516,063</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">New York City Industrial</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Development Agency, Special</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Facility Revenue (American</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Airlines, Inc. John F. Kennedy</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">International Airport Project)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7.75</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">8/1/31</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,000,000</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">d</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,743,350</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">New York State Dormitory</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, Revenue (Suffolk</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">County Judicial Facility)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">9.50</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4/15/14</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">605,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">672,675</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Port Authority of New York and New</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Jersey, Special Project Bonds</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(JFK International Air</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Terminal LLC Project)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">12/1/36</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,710,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,288,718</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">North Carolina--2.5%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Barclays Capital Municipal Trust</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Receipts (North Carolina</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Medical Care Commission,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Health Care Facilities Revenue</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Duke University Health</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">System))</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6/1/42</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">10,000,000</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">a,b</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">10,693,000</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Ohio--5.4%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Buckeye Tobacco Settlement</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
</DIV>

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<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=33%></TD>
     <TD width=10%></TD>
     <TD width=13%></TD>
     <TD width=23%></TD>
     <TD width=3%></TD>
     <TD width=14%></TD></TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Financing Authority, Tobacco</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Settlement Asset-Backed Bonds</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.88</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6/1/47</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,500,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,865,975</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Butler County,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Hospital Facilities Revenue</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(UC Health)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.50</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">11/1/40</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,161,460</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Cleveland,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Airport System Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1/1/30</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,146,940</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Ohio Air Quality Development</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, Air Quality Revenue</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Ohio Valley Electric</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Corporation Project)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.63</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">10/1/19</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,200,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,844,616</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Port of Greater Cincinnati</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Development Authority, Tax</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Increment Development Revenue</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Fairfax Village Red Bank</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Infrastructure Project)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.63</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2/1/36</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,530,000</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">b</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,015,423</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Toledo-Lucas County Port</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, Special Assessment</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Revenue (Crocker Park Public</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Improvement Project)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.38</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">12/1/35</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,017,430</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">University of Akron,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">General Receipts Bonds</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Insured; Assured Guaranty</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Municipal Corp.)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1/1/22</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,890,500</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Oregon--.4%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Warm Springs Reservation</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Confederated Tribes,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Hydroelectric Revenue (Pelton</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Round Butte Project)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.38</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">11/1/33</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,500,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,558,860</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Pennsylvania--2.3%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Delaware County Industrial</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Development Authority, Charter</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">School Revenue (Chester</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Community Charter School</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Project)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.13</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">8/15/40</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">978,240</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">JPMorgan Chase Putters/Drivers</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Trust (Geisinger Authority,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Health System Revenue</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Geisinger Health System))</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.13</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6/1/35</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,000,000</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">a,b</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,272,100</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Philadelphia,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
</DIV>

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<TR>
     <TD width=33%></TD>
     <TD width=11%></TD>
     <TD width=12%></TD>
     <TD width=23%></TD>
     <TD width=3%></TD>
     <TD width=15%></TD></TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">GO</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.50</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">8/1/41</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,700,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,654,100</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Rhode Island--1.4%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Rhode Island Health and</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Educational Building</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Corporation, Hospital</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Financing Revenue (Lifespan</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Obligated Group Issue)</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Insured; Assured Guaranty</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Municipal Corp.)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5/15/39</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,959,200</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Tennessee--1.5%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Metropolitan Government of</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Nashville and Davidson County</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Health and Educational</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Facilities Board, Revenue (The</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Vanderbilt University)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.50</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">10/1/29</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,500,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,008,750</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Metropolitan Government of</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Nashville and Davidson County</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Health and Educational</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Facilities Board, Revenue (The</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Vanderbilt University)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.50</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">10/1/34</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,528,930</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Texas--20.4%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Barclays Capital Municipal Trust</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Receipts (Leander Independent</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">School District, Unlimited Tax</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">School Building Bonds</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Permanent School Fund</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Guarantee Program))</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">8/15/40</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">9,997,299</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">a,b</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">11,005,399</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Barclays Capital Municipal Trust</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Receipts (Texas A&amp;M University</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">System Board of Regents,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Financing System Revenue)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5/15/39</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">13,160,000</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">a,b</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">14,701,826</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Dallas-Fort Worth International</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Airport Facility Improvement</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Corporation, Revenue (Learjet</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Inc. Project)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.15</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1/1/16</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,004,110</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Harris County Health Facilities</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Development Corporation, HR</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Memorial Hermann Healthcare</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">System)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7.25</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">12/1/35</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">9,290,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">11,118,829</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Harris County Health Facilities</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Development Corporation,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
</DIV>

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<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=33%></TD>
     <TD width=11%></TD>
     <TD width=13%></TD>
     <TD width=22%></TD>
     <TD width=3%></TD>
     <TD width=16%></TD></TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Revenue (CHRISTUS Health)</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Insured; Assured Guaranty</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Municipal Corp.)</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7/1/15</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,500,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,673,700</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Houston,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Combined Utility System First</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Lien Revenue (Insured; Assured</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Guaranty Municipal Corp.)</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">11/15/36</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6,010,800</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Matagorda County Navigation</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">District Number One, Revenue</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Houston Lighting and Power</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Company Project) (Insured;</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">AMBAC)</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.13</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">11/1/28</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,295,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,740,392</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">North Texas Tollway Authority,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">First Tier System Revenue</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Insured; Assured Guaranty</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Municipal Corp.)</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.75</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1/1/40</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">14,705,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">16,237,702</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">North Texas Tollway Authority,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Second Tier System Revenue</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.75</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1/1/38</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6,650,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7,173,089</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Texas Department of Housing and</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Community Affairs, Home</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Mortgage Revenue</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Collateralized: FHLMC, FNMA</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">and GNMA)</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">13.28</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7/2/24</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">650,000</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">f</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">706,537</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Texas Department of Housing and</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Community Affairs, Residential</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Mortgage Revenue</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Collateralized: FHLMC, FNMA</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">and GNMA)</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.35</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7/1/33</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,475,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,488,291</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Texas Turnpike Authority,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Central Texas Turnpike System</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Revenue (Insured; AMBAC)</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.25</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">8/15/42</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,375,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,390,910</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Virginia--4.5%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Henrico County Industrial</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Development Authority, Revenue</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Bon Secours Health System)</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Insured; Assured Guaranty</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Municipal Corp.)</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">11.13</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">8/23/27</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7,200,000</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">f</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">9,527,760</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Virginia Housing Development</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, Commonwealth</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Mortgage Revenue</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.25</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7/1/31</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,140,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,775,458</FONT>&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
</DIV>

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<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=34%></TD>
     <TD width=10%></TD>
     <TD width=13%></TD>
     <TD width=23%></TD>
     <TD width=3%></TD>
     <TD width=15%></TD></TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Washington County Industrial</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Development Authority, HR</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Mountain States Health</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Alliance)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7.75</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7/1/38</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,616,260</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Washington--4.0%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Barclays Capital Municipal Trust</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Receipts (King County, Sewer</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Revenue)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1/1/29</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">8,577,246</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">a,b</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">10,063,731</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Washington Health Care Facilities</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, Mortgage Revenue</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Highline Medical Center)</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Collateralized; FHA)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.25</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">8/1/36</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,975,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6,933,032</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">West Virginia--1.9%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">The County Commission of Harrison</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">County, SWDR (Allegheny Energy</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Supply Company, LLC Harrison</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Station Project)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.50</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">10/15/37</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7,920,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">8,150,789</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Wisconsin--5.4%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Badger Tobacco Asset</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Securitization Corporation,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Tobacco Settlement</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Asset-Backed Bonds</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Prerefunded)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.13</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6/1/12</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,865,000</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">e</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,923,787</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Badger Tobacco Asset</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Securitization Corporation,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Tobacco Settlement</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Asset-Backed Bonds</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Prerefunded)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6/1/12</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">14,570,000</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">e</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">14,823,809</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Wisconsin Health and Educational</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Facilities Authority, Revenue</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Aurora Health Care, Inc.)</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.40</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4/15/33</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,111,960</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">U.S. Related--6.2%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Puerto Rico Aqueduct and Sewer</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, Senior Lien Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.13</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7/1/37</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,006,000</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Puerto Rico Commonwealth,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Public Improvement GO</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.50</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7/1/32</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,500,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,582,260</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Puerto Rico Commonwealth,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Public Improvement GO</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7/1/39</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,610,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,772,610</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Puerto Rico Commonwealth,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
</DIV>

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<a name="_bclPageBorder16"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=32%></TD>
     <TD width=10%></TD>
     <TD width=12%></TD>
     <TD width=22%></TD>
     <TD width=2%></TD>
     <TD width=16%></TD>
     <TD width=2%></TD></TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Public Improvement GO</FONT>&nbsp;</TD>
	<TD align=left style="TEXT-INDENT:26.070007pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.50</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7/1/40</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,390,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,807,844</FONT></TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Puerto Rico Sales Tax Financing</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Corporation, Sales Tax Revenue</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(First Subordinate Series)</FONT>&nbsp;</TD>
	<TD align=left style="TEXT-INDENT:26.070007pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.38</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">8/1/39</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,500,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,705,775</FONT></TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Puerto Rico Sales Tax Financing</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Corporation, Sales Tax Revenue</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(First Subordinate Series)</FONT>&nbsp;</TD>
	<TD align=left style="TEXT-INDENT:26.070007pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">8/1/42</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">10,000,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">11,352,100</FONT></TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Virgin Islands Public Finance</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, Revenue (Virgin</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Islands Matching Fund Loan</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Notes) (Senior Lien/Capital</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Projects)</FONT>&nbsp;</TD>
	<TD align=left style="TEXT-INDENT:26.070007pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">10/1/39</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,250,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,275,650</FONT></TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Total Long-Term Municipal Investments</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(cost &#36;554,175,827)</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">611,868,409</FONT></B></TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:0.119995pt">
<B><FONT size=2 face="Arial,Bold,Arial,Helvetica,sans-serif">Short-Term Municipal</FONT></B>&nbsp;</TD>
	<TD align=center>
<B><FONT size=2 face="Arial,Bold,Arial,Helvetica,sans-serif">Coupon</FONT></B>&nbsp;</TD>
	<TD align=center>
<B><FONT size=2 face="Arial,Bold,Arial,Helvetica,sans-serif">Maturity</FONT></B>&nbsp;</TD>
	<TD align=right>
<B><FONT size=2 face="Arial,Bold,Arial,Helvetica,sans-serif">Principal</FONT></B></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="border-bottom:3px double #000000;" style="TEXT-INDENT:0.119995pt">
<B><FONT size=2 face="Arial,Bold,Arial,Helvetica,sans-serif">Investments--1.0%</FONT></B>&nbsp;</TD>
	<TD align=center style="border-bottom:3px double #000000;">
<B><FONT size=2 face="Arial,Bold,Arial,Helvetica,sans-serif">Rate (%)</FONT></B>&nbsp;</TD>
	<TD align=center style="border-bottom:3px double #000000;">
<B><FONT size=2 face="Arial,Bold,Arial,Helvetica,sans-serif">Date</FONT></B>&nbsp;</TD>
	<TD align=right style="border-bottom:3px double #000000;">
<B><FONT size=2 face="Arial,Bold,Arial,Helvetica,sans-serif">Amount (&#36;)</FONT></B></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right style="border-bottom:3px double #000000;">
<B><FONT size=2 face="Arial,Bold,Arial,Helvetica,sans-serif">Value (&#36;)</FONT></B></TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">California--.1%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">California,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">GO Notes</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Kindergarten-University)</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(LOC: California State</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Teachers Retirement System and</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Citibank NA)</FONT>&nbsp;</TD>
	<TD align=left style="TEXT-INDENT:26.070007pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">0.15</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3/1/12</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">400,000</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">g</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">400,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">New York--.9%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">New York City,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">GO Notes (LOC; JPMorgan Chase</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Bank)</FONT>&nbsp;</TD>
	<TD align=left style="TEXT-INDENT:26.070007pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">0.14</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3/1/12</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,900,000</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">g</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,900,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Total Short-Term Municipal Investments</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.584000pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(cost &#36;4,300,000)</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">4,300,000</FONT></B></TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Total Investments </FONT></B><FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(cost &#36;558,475,827)</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">145.1</FONT></B></TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">%</FONT></B>&nbsp;</TD>
	<TD align=right>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">616,168,409</FONT></B></TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Liabilities, Less Cash and Receivables</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">(12.3</FONT></B></TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">%)</FONT></B>&nbsp;</TD>
	<TD align=right>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">(52,063,026</FONT></B></TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">)</FONT></B>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:0.839996pt">
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Preferred Stock, at redemption value</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">(32.8</FONT></B></TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">%)</FONT></B>&nbsp;</TD>
	<TD align=right>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">(139,500,000</FONT></B></TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">)</FONT></B>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=2>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Net Assets Applicable to Common Shareholders</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">100.0</FONT></B></TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">%</FONT></B>&nbsp;</TD>
	<TD align=right>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">424,605,383</FONT></B></TD>
	<TD align=left>
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">a Collateral for floating rate borrowings.</FONT><BR>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">b Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in</FONT><BR>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">transactions exempt from registration, normally to qualified institutional buyers. At February 29, 2012, these securities</FONT><BR>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">were valued at &#36;137,437,984 or 32.4% of net assets applicable to Common Shareholders.</FONT><BR>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">c Security issued with a zero coupon. Income is recognized through the accretion of discount.</FONT><BR>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">d Non-income producing--security in default.</FONT></P>
</DIV>

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<P style="text-align: left;">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">e These securities are prerefunded; the date shown represents the prerefunded date. Bonds which are prerefunded are</FONT><BR>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">collateralized by U.S. Government securities which are held in escrow and are used to pay principal and interest on the</FONT><BR>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">municipal issue and to retire the bonds in full at the earliest refunding date.</FONT><BR>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">f Inverse floater security--the interest rate is subject to change periodically. Rate shown is the interest rate in effect</FONT><BR>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">at February 29, 2012.</FONT><BR>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">g Variable rate demand note - rate shown is the interest rate in effect at February 29, 2012. Maturity date represents the</FONT><BR>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">next demand date, or the ultimate maturity date if earlier.</FONT></P>
<P style="text-align: left;">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">At February 29, 2012, net unrealized appreciation on investments was &#36;57,692,582 of which &#36;60,809,922 related to appreciated</FONT><BR>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">investment securities and &#36;3,117,340 related to depreciated investment securities. At February 29, 2012, the cost of investments for</FONT><BR>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">federal income tax purposes was substantially the same as the cost for financial reporting purposes.</FONT></P>
<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=10%></TD>
     <TD width=43%></TD>
     <TD width=10%></TD>
     <TD width=36%></TD></TR>
<TR valign="bottom">
	<TD align=left colspan=2 style="border-bottom:3px double #000000;" style="TEXT-INDENT:0.119995pt">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Summary of Abbreviations</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">ABAG</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Association of Bay Area Governments</FONT>&nbsp;</TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">ACA</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">American Capital Access</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">AGC</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">ACE Guaranty Corporation</FONT>&nbsp;</TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">AGIC</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Asset Guaranty Insurance Company</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">AMBAC</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">American Municipal Bond Assurance Corporation</FONT>&nbsp;</TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">ARRN</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Adjustable Rate Receipt Notes</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">BAN</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Bond Anticipation Notes</FONT>&nbsp;</TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">BPA</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Bond Purchase Agreement</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">CIFG</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">CDC Ixis Financial Guaranty</FONT>&nbsp;</TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">COP</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Certificate of Participation</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">CP</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Commercial Paper</FONT>&nbsp;</TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">EDR</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Economic Development Revenue</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">EIR</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Environmental Improvement Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">FGIC</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Financial Guaranty Insurance Company</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">FHA</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Federal Housing Administration</FONT>&nbsp;</TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">FHLB</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Federal Home Loan Bank</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">FHLMC</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Federal Home Loan Mortgage Corporation</FONT>&nbsp;</TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">FNMA</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Federal National Mortgage Association</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">GAN</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Grant Anticipation Notes</FONT>&nbsp;</TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">GIC</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Guaranteed Investment Contract</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">GNMA</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Government National Mortgage Association</FONT>&nbsp;</TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">GO</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">General Obligation</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">HR</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Hospital Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">IDB</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Industrial Development Board</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">IDC</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Industrial Development Corporation</FONT>&nbsp;</TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">IDR</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Industrial Development Revenue</FONT>&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
</DIV>

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<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=9%></TD>
     <TD width=36%></TD>
     <TD width=16%></TD>
     <TD width=38%></TD></TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">LOC</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Letter of Credit</FONT>&nbsp;</TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">LOR</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Limited Obligation Revenue</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">LR</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Lease Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">MERLOTS</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Municipal Exempt Receipt Liquidity Option</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Tender</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">MFHR</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Multi-Family Housing Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">MFMR</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Multi-Family Mortgage Revenue</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">PCR</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Pollution Control Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">P-FLOATS</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Puttable Floating Option Tax-Exempts Receipts</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">PILOT</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Payment in Lieu of Taxes</FONT>&nbsp;</TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">PUTTERS</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Puttable Tax-Exempt Receipts</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">RAC</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Revenue Anticipation Certificates</FONT>&nbsp;</TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">RAN</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Revenue Anticipation Notes</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">RAW</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Revenue Anticipation Warrants</FONT>&nbsp;</TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">ROCS</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Reset Option Certificates</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">RRR</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Resources Recovery Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">SAAN</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">State Aid Anticipation Notes</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">SBPA</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Standby Bond Purchase Agreement</FONT>&nbsp;</TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">SFHR</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Single Family Housing Revenue</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">SFMR</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Single Family Mortgage Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">SONYMA</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">State of New York Mortgage Agency</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">SWDR</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Solid Waste Disposal Revenue</FONT>&nbsp;</TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">TAN</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Tax Anticipation Notes</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">TAW</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Tax Anticipation Warrants</FONT>&nbsp;</TD>
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">TRAN</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Tax and Revenue Anticipation Notes</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">XLCA</FONT></B>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">XL Capital Assurance</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
</DIV>

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<P style="text-align: left;">
<FONT size=3 face="Arial,Arial,Helvetica,sans-serif">The following is a summary of the inputs used as of February 29, 2012 in valuing the fund's investments:</FONT></P>
<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=29%></TD>
     <TD width=26%></TD>
     <TD width=18%></TD>
     <TD width=14%></TD>
     <TD width=12%></TD></TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=center>
<B><FONT size=3 face="Arial,Bold,Arial,Helvetica,sans-serif">Level 3 -</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=center>
<B><FONT size=3 face="Arial,Bold,Arial,Helvetica,sans-serif">Level 1 -</FONT></B>&nbsp;</TD>
	<TD align=center>
<B><FONT size=3 face="Arial,Bold,Arial,Helvetica,sans-serif">Level 2 - Other</FONT></B>&nbsp;</TD>
	<TD align=center>
<B><FONT size=3 face="Arial,Bold,Arial,Helvetica,sans-serif">Significant</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=center>
<B><FONT size=3 face="Arial,Bold,Arial,Helvetica,sans-serif">Unadjusted Quoted</FONT></B>&nbsp;</TD>
	<TD align=center>
<B><FONT size=3 face="Arial,Bold,Arial,Helvetica,sans-serif">Significant</FONT></B>&nbsp;</TD>
	<TD align=center>
<B><FONT size=3 face="Arial,Bold,Arial,Helvetica,sans-serif">Unobservable</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="border-bottom:3px double #000000;">
<B><FONT size=3 face="Arial,Bold,Arial,Helvetica,sans-serif">Assets (&#36;)</FONT></B>&nbsp;</TD>
	<TD align=center style="border-bottom:3px double #000000;">
<B><FONT size=3 face="Arial,Bold,Arial,Helvetica,sans-serif">Prices</FONT></B>&nbsp;</TD>
	<TD align=center style="border-bottom:3px double #000000;">
<B><FONT size=3 face="Arial,Bold,Arial,Helvetica,sans-serif">Observable Inputs</FONT></B>&nbsp;</TD>
	<TD align=center style="border-bottom:3px double #000000;">
<B><FONT size=3 face="Arial,Bold,Arial,Helvetica,sans-serif">Inputs</FONT></B>&nbsp;</TD>
	<TD align=left style="border-bottom:3px double #000000;" style="TEXT-INDENT:42.480042pt">
<B><FONT size=3 face="Arial,Bold,Arial,Helvetica,sans-serif">Total</FONT></B>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="border-bottom:3px double #000000;">
<FONT size=3 face="Arial,Arial,Helvetica,sans-serif">Investments in Securities:</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="border-bottom:3px double #000000;">
<FONT size=3 face="Arial,Arial,Helvetica,sans-serif">Municipal Bonds</FONT>&nbsp;</TD>
	<TD align=right style="border-bottom:3px double #000000;">
<FONT size=3 face="Arial,Arial,Helvetica,sans-serif">-</FONT>&nbsp;</TD>
	<TD align=right style="border-bottom:3px double #000000;">
<FONT size=3 face="Arial,Arial,Helvetica,sans-serif">616,168,409</FONT>&nbsp;</TD>
	<TD align=right style="border-bottom:3px double #000000;">
<FONT size=3 face="Arial,Arial,Helvetica,sans-serif">-</FONT>&nbsp;</TD>
	<TD align=left style="border-bottom:3px double #000000;">
<B><FONT size=3 face="Arial,Bold,Arial,Helvetica,sans-serif">616,168,409</FONT></B>&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
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<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">The Financial Accounting Standards Board (&#147;FASB&#148;) Accounting Standards Codification (&#147;ASC&#148;) is the exclusive reference of authoritative U.S. generally accepted accounting principles (&#147;GAAP&#148;) </FONT><FONT size=2 face="Arial,Arial,Helvetica,sans-serif">recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Commission (&#147;SEC&#148;) under authority of federal laws are also sources </FONT><FONT size=2 face="Arial,Arial,Helvetica,sans-serif">of authoritative GAAP for SEC registrants. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Portfolio valuation: The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e. the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Various inputs are used in determining the value of the fund&#146;s investments </FONT><FONT size=2 face="Arial,Arial,Helvetica,sans-serif">relating to fair value measurements. These inputs are summarized in the three broad levels listed below:</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Level 1&#151;unadjusted quoted prices in active markets for </FONT><FONT size=2 face="Arial,Arial,Helvetica,sans-serif">identical investments.</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Level 2&#151;other significant observable inputs (including quoted </FONT><FONT size=2 face="Arial,Arial,Helvetica,sans-serif">prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Level 3&#151;significant unobservable inputs (including the fund&#146;s own </FONT><FONT size=2 face="Arial,Arial,Helvetica,sans-serif">assumptions in determining the fair value of investments).</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques </FONT><FONT size=2 face="Arial,Arial,Helvetica,sans-serif">used to value the fund&#146;s investments are as follows:</FONT></P>
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<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Investments in securities are valued each business day by an independent </FONT><FONT size=2 face="Arial,Arial,Helvetica,sans-serif">pricing service (the &#147;Service&#148;) approved by the Board of</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">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. All preceding securities are categorized as Level 2 in the hierarchy.</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">When market quotations or official closing prices are not readily available, or are determined not to reflect accurately fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded (for example, a foreign exchange or market), but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board of Directors. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized as Level 2 or 3 depending on the relevant inputs used.</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">For restricted securities where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Arial,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>
</DIV>

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</DIV>
<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Item 2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Controls
and Procedures.</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160; 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 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160; 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.&#160; </font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Item 3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Exhibits.</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Certifications of principal executive and
principal financial officers as required by Rule 30a-2(a) under the Investment
Company Act of 1940.</font></p>





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</DIV>
<p align=center style="margin:0in;margin-bottom:12.0pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">FORM N-Q</font></b></p>

<p style="margin-bottom:24.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">SIGNATURES<br>
<br>
</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Pursuant
to the requirements of the Securities Exchange Act of 1934 and the Investment
Company Act of 1940, the Registrant has duly caused this Report to be signed on
its behalf by the undersigned, thereunto duly authorized.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Dreyfus
Strategic Municipal Bond Fund, Inc.</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:500.399994pt;">
 <tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">By:       _</font><u><font face="Times New Roman" style="font-size:11.0pt;">/s/ Bradley
  J. Skapyak</font></u><font face="Times New Roman" style="font-size:11.0pt;">_&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">            Bradley J.
  Skapyak</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">            President</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=10% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">Date:</font></p>
  </td>
 <td valign=top width=90% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">April 23, 2012</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:11.0pt;">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>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">By:       _</font><u><font face="Times New Roman" style="font-size:11.0pt;">/s/ Bradley
  J. Skapyak</font></u><font face="Times New Roman" style="font-size:11.0pt;">_&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">            Bradley J.
  Skapyak</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">            President</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=10% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">Date:</font></p>
  </td>
 <td valign=top width=90% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">April 23, 2012</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">By:       _</font><u><font face="Times New Roman" style="font-size:11.0pt;">/s/ James
  Windels</font></u><font face="Times New Roman" style="font-size:11.0pt;">_&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">            James Windels</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">            Treasurer</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=10% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">Date:</font></p>
  </td>
 <td valign=top width=90% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">April 23, 2012</font></p>
  </td>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p align=center style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">EXHIBIT INDEX</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Certifications of principal executive and principal
financial officers as required by Rule 30a-2(a) under the Investment Company
Act of 1940.&#160; (EX-99.CERT)</font></p>



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<SEQUENCE>2
<FILENAME>n-q302certificationform.htm
<DESCRIPTION>CERTIFICATION
<TEXT>

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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">SECTION
302 CERTIFICATION</font></b></p>

<p style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">I, Bradley
J. Skapyak, certify that:</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">1.&#160; I have reviewed this report
on Form N-Q of Dreyfus Strategic
Municipal Bond Fund, Inc.;</font></p>

<p style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">2.&#160;
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 style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">3.&#160;
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 style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">4.&#160; 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 style="margin-left:12.0pt;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(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 style="margin-left:12.0pt;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(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 style="margin-left:12.0pt;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(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 style="margin-left:12.0pt;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(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 style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">5.&#160; 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 style="margin-left:.25in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(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 style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(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>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border:none;border-collapse:collapse;margin-left:191.4pt;width:298.199982pt;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">By:       _</font><u><font face="Times New Roman" style="font-size:11.0pt;">/s/ Bradley J. Skapyak</font></u><font face="Times New Roman" style="font-size:11.0pt;">_&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">            Bradley J. Skapyak</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">            President</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">Date:    April 23, 2012</font></p>
  </td>
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<p align=center style="margin-left:0in;margin-right:0in;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:11.0pt;">SECTION 302
CERTIFICATION</font></b></p>

<p style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">I,
James Windels, certify that:</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">1.&#160; I have reviewed this report
on Form N-Q of Dreyfus Strategic
Municipal Bond Fund, Inc.;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">2.&#160; 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 style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">3.&#160;
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 style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">4.&#160; 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 style="margin-left:12.0pt;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(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 style="margin-left:12.0pt;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(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 style="margin-left:12.0pt;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(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 style="margin-left:12.0pt;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(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 style="margin-left:0in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">5.&#160; 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 style="margin-left:.25in;margin-right:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(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 style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(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>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">By:       _</font><u><font face="Times New Roman" style="font-size:11.0pt;">/s/ James Windels</font></u><font face="Times New Roman" style="font-size:11.0pt;">_&nbsp;</font></p>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">            James Windels</font></p>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">            Treasurer</font></p>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">Date:    April 23, 2012</font></p>
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<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>



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