<SEC-DOCUMENT>0000855887-13-000006.txt : 20130426
<SEC-HEADER>0000855887-13-000006.hdr.sgml : 20130426
<ACCEPTANCE-DATETIME>20130426111121
ACCESSION NUMBER:		0000855887-13-000006
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20130228
FILED AS OF DATE:		20130426
DATE AS OF CHANGE:		20130426
EFFECTIVENESS DATE:		20130426

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:		13785483

	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>nqform852.htm
<DESCRIPTION>FORM N-Q
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<P style="MARGIN: 0in 0in 24pt; TEXT-ALIGN: center"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">UNITED STATES<BR>SECURITIES AND EXCHANGE COMMISSION<BR>Washington, D.C.&nbsp; 20549</FONT></B></P>

<P style="MARGIN: 0in 0in 12pt; TEXT-ALIGN: center"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">FORM N-Q</FONT></P>

<P style="MARGIN: 0in 0in 12pt; TEXT-ALIGN: center"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT<BR>INVESTMENT COMPANY</FONT></P>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Investment Company Act file number</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Dreyfus Strategic Municipal Bond Fund, Inc.</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">(Exact name of Registrant as specified in charter)</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">c/o The Dreyfus Corporation</FONT></P>

   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">200 Park Avenue</FONT></P>

   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">New York, New York 10166</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">(Address of principal executive offices) (Zip code)</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Janette E. Farragher, Esq.</FONT></P>

   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">200 Park Avenue</FONT></P>

   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">New York, New York 10166</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">(Name and address of agent for service)</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Registrant's telephone number, including area code: </FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">(212) 922-6000</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Date of fiscal year end:</FONT></P>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">11/30</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Date of reporting period:</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">2/28/13</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>

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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 28, 2013 (Unaudited)</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>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>

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   <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--141.7%</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>

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   <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>

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   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Alabama--.7%</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: 16.559pt" 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: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Warrants</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.25</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1/1/17</FONT>&nbsp;</TD>

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

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   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,000,840</FONT>&nbsp;</TD></TR>

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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 align=left>&nbsp;</TD>

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

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Limited Obligation 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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Warrants</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" 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>980,270</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Alaska--2.4%</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 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>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" 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: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Settlement Asset-Backed Bonds</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" 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>2,296,775</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <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: 16.559pt" 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: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Settlement Asset-Backed Bonds</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" 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>9,465,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8,353,620</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Arizona--7.4%</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 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: 16.559pt" 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: 16.559pt" 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: 16.559pt" 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: 16.559pt" 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: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Revenue)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" 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>15,045,971</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>

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

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" 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: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Lien Excise 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></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(Prerefunded)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" 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>1/1/14</FONT>&nbsp;</TD>

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

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6,347,942</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: 16.559pt" 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: 16.559pt" 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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Foundation Project)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" 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>4,044,240</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>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" 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: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Electric Power Company Project)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" 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>6,354,300</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: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Senior Gas Revenue</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" 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>1,157,680</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>California--16.0%</FONT></B>&nbsp;</TD>

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

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

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<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>

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Receipts (Los Angeles</FONT>&nbsp;</TD>

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

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>International Airport))</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" 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>5/15/31</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,247,500 a,b,d</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6,031,719</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>GO (Various Purpose)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" 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>4/1/31</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7,800,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9,333,558</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>GO (Various Purpose)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.00</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3/1/33</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,250,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,795,062</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>GO (Various Purpose)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.50</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4/1/33</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,000,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6,276,100</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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></TABLE></DIV>

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<TR>

   <TD width="34%"></TD>

   <TD width="9%"></TD>

   <TD width="13%"></TD>

   <TD width="23%"></TD>

   <TD width="3%"></TD>

   <TD width="15%"></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>GO (Various Purpose)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.00</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/1/35</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,000,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6,171,600</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>California State Public Works</FONT>&nbsp;</TD>

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Board, LR (The Regents of the</FONT>&nbsp;</TD>

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

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

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

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>University of 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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(Various University of</FONT>&nbsp;</TD>

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

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

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

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>California Projects)</FONT>&nbsp;</TD>

   <TD 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>4/1/34</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,000,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,311,490</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Services Project)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.13</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4/1/37</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,975,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,215,740</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Asset-Backed Bonds</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4.50</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6/1/27</FONT>&nbsp;</TD>

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

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,879,320</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>and Power, Power System Revenue</FONT>&nbsp;</TD>

   <TD 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>7/1/34</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,885,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,285,582</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>and Power, Water System Revenue</FONT>&nbsp;</TD>

   <TD 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>7/1/43</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,000,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,771,800</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Guaranty Municipal Corp.)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>0.00</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/1/24</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,220,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,294,290</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Grant Revenue</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.00</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/1/35</FONT>&nbsp;</TD>

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

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,740,880</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Health System)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.50</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12/1/41</FONT>&nbsp;</TD>

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

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,834,200</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Sewer Revenue</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.25</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/15/34</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>2,867,725</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,3 and 4)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.13</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8/1/38</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,000,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,815,650</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Project)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.88</FONT>&nbsp;</TD>

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

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

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,367,660</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Colorado--.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 face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Bonds (Collateralized; FHA)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.60</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8/1/32</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>650,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>688,825</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>The Plaza Metropolitan District</FONT>&nbsp;</TD>

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

   <TD 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: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Number 1, Revenue</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4.00</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12/1/16</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>1,069,040</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Connecticut--1.1%</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></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Connecticut Project)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.45</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/15/22</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,985,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,994,422</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Florida--5.6%</FONT></B>&nbsp;</TD>

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

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

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

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

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

<TR vAlign=bottom>

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

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

   <TD 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: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Corporation, Personal Lines</FONT>&nbsp;</TD>

   <TD align=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>

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   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Account/Commercial Lines</FONT>&nbsp;</TD>

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

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

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

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

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

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   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Account Senior Secured Revenue</FONT>&nbsp;</TD>

   <TD 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>6/1/22</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,500,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,179,140</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Springing Lien Revenue</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.25</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10/1/34</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,000,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6,430,050</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Obligated Group)</FONT>&nbsp;</TD>

   <TD 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>11/15/33</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6,825,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7,524,494</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Communities Project)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.00</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8/1/45</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,500,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,944,535</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Hospital, Inc.)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.25</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4/1/39</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>2,873,400</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Georgia--3.7%</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 face=Arial,Arial,Helvetica,sans-serif size=1>Atlanta,</FONT>&nbsp;</TD>

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

   <TD 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: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Airport General Revenue</FONT>&nbsp;</TD>

   <TD 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>1/1/26</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,500,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,013,415</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

   <TD 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: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Water and Wastewater Revenue</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.00</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/1/28</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,865,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,957,582</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

   <TD 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: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Municipal Corp.)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.25</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/1/34</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>1,141,970</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

   <TD 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: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Airport Revenue</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.45</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1/1/31</FONT>&nbsp;</TD>

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

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,540,925</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Paper Company Project)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.20</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8/1/27</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,670,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,720,490</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Health Obligated Group)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.63</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/1/30</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>2,821,350</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Projects)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.50</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/1/39</FONT>&nbsp;</TD>

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

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,350,900</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(Collateralized; FNMA)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.35</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1/1/30</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>185,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>185,420</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Illinois--2.0%</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 face=Arial,Arial,Helvetica,sans-serif size=1>Chicago,</FONT>&nbsp;</TD>

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

   <TD 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: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>International Airport)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.63</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1/1/35</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,000,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,522,450</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Systems)</FONT>&nbsp;</TD>

   <TD 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>8/1/37</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,020,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,117,155</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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></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=10%></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:16.559998pt">
<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:16.559998pt">
<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">3,600,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,316,148</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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<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>
<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">3,175,200</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<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:16.559998pt">
<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:16.559998pt">
<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">1,989,960</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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Project) (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">2/1/18</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,000,000</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">c</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,255,930</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Louisiana--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">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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<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">f</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">795,535</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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<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">4,542,960</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Maine--.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>
	<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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<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">2,581,840</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Massachusetts--11.5%</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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<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">11,762,334</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:16.559998pt">
<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:16.559998pt">
<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">7,691,584</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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<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">12,089,600</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:16.559998pt">
<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:16.559998pt">
<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">3,160,450</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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<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">5,814,250</FONT>&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
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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>
<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>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,575,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,276,851</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>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,315,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,483,751</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">Michigan--8.3%</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">Detroit,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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:16.559998pt">
<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=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,500,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,365,375</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>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,780,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,083,232</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>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,290,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">3,496,053</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>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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=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">2,112,980</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Michigan 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:16.559998pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Clean Water Revolving 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:16.559998pt">
<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">10/1/31</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">2,392,920</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>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">4,500,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,174,235</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>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6,120,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">6,119,816</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>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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=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">6,367,000</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>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,450,000</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">d</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,623,901</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>
	<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>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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:16.559998pt">
<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>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">d</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,645,500</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">New Jersey--3.8%</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">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:16.559998pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, Cigarette 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:16.559998pt">
<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">6/15/25</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,490,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,868,853</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:16.559998pt">
<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:16.559998pt">
<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=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,816,550</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:16.559998pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Authority, Special Facility</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Revenue (Continental Airlines,</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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">5.13</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">9/15/23</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,500,000</FONT></TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">d</FONT>&nbsp;</TD>
	<TD align=left>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,568,650</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:16.559998pt">
<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>
</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=24%></TD>
     <TD width=3%></TD>
     <TD width=14%></TD></TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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:16.559998pt">
<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">3,353,040</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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<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">1,475,000</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,472,507</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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<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">885,610</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">New Mexico--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">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:16.559998pt">
<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:16.559998pt">
<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">5,573,000</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="Arial,Bold,Arial,Helvetica,sans-serif">New York--15.6%</FONT></B>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<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 a,b,d</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">11,842,000</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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<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">5,254,915</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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<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">6,101,950</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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<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">6,060,400</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:16.559998pt">
<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">3,714,750</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:16.559998pt">
<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:16.559998pt">
<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>
<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">11,889,260</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:16.559998pt">
<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:16.559998pt">
<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">11/1/28</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">1,500,000</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">1,761,945</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:16.559998pt">
<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">3,650,077</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:16.559998pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Development Agency, 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:16.559998pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Airport 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:16.559998pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">(Transportation Infrastructure</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Properties, LLC Obligated</FONT>&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:16.559998pt">
<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">5.00</FONT>&nbsp;</TD>
	<TD align=center>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">7/1/22</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">2,165,000</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">2,341,036</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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<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:16.559998pt">
<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,f</FONT>&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">5,693,000</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>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
</DIV>

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<TR>

   <TD width="33%"></TD>

   <TD width="10%"></TD>

   <TD width="12%"></TD>

   <TD width="23%"></TD>

   <TD width="3%"></TD>

   <TD width="15%"></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Authority, Revenue (Orange</FONT>&nbsp;</TD>

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

   <TD 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: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Regional 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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Obligated Group)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.25</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>2,500,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,766,950</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>County Judicial Facility)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9.50</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4/15/14</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>605,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>643,061</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Niagara Area 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: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Corporation, Solid Waste</FONT>&nbsp;</TD>

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

   <TD 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: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Disposal 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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(Covanta Energy Project)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.25</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/1/42</FONT>&nbsp;</TD>

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

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,098,560</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Jersey, Special Project Bonds</FONT>&nbsp;</TD>

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

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

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

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(JFK International Air</FONT>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Terminal LLC Project)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.00</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12/1/36</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,710,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,595,197</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>North Carolina--2.5%</FONT></B>&nbsp;</TD>

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Receipts (North Carolina</FONT>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Medical Care Commission,</FONT>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Health Care Facilities Revenue</FONT>&nbsp;</TD>

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

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>System))</FONT>&nbsp;</TD>

   <TD 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>6/1/42</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10,000,000</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>11,266,200</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Ohio--5.9%</FONT></B>&nbsp;</TD>

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<TR vAlign=bottom>

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Financing Authority, Tobacco</FONT>&nbsp;</TD>

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

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Settlement Asset-Backed Bonds</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.88</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6/1/47</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>2,194,025</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

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

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Hospital Facilities Revenue</FONT>&nbsp;</TD>

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

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(UC Health)</FONT>&nbsp;</TD>

   <TD 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>11/1/40</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,000,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,325,020</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Airport System Revenue</FONT>&nbsp;</TD>

   <TD 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>1/1/30</FONT>&nbsp;</TD>

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

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,256,360</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Ohio Air Quality Development</FONT>&nbsp;</TD>

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Authority, Air Quality Revenue</FONT>&nbsp;</TD>

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(Ohio Valley Electric</FONT>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Corporation Project)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.63</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10/1/19</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,200,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,915,050</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Port of Greater Cincinnati</FONT>&nbsp;</TD>

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Development Authority, Tax</FONT>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Increment Development Revenue</FONT>&nbsp;</TD>

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(Fairfax Village Red Bank</FONT>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Infrastructure Project)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.63</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2/1/36</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,530,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,174,004</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Southeastern Ohio Port Authority,</FONT>&nbsp;</TD>

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Hospital Facilities</FONT>&nbsp;</TD>

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Improvement Revenue (Memorial</FONT>&nbsp;</TD>

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

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Health System Obligated Group</FONT>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Project)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.00</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12/1/42</FONT>&nbsp;</TD>

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

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,219,660</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Authority, Special Assessment</FONT>&nbsp;</TD>

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Revenue (Crocker Park Public</FONT>&nbsp;</TD>

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

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Improvement Project)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.38</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12/1/35</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,000,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,079,680</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>General Receipts Bonds</FONT>&nbsp;</TD>

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(Insured; Assured Guaranty</FONT>&nbsp;</TD>

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

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Municipal Corp.)</FONT>&nbsp;</TD>

   <TD 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>1/1/22</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,000,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,970,450</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Oregon--.4%</FONT></B>&nbsp;</TD>

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

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

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<TR vAlign=bottom>

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Confederated Tribes,</FONT>&nbsp;</TD>

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Hydroelectric Revenue (Pelton</FONT>&nbsp;</TD>

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

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<TR>

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   <TD width="11%"></TD>

   <TD width="12%"></TD>

   <TD width="23%"></TD>

   <TD width="3%"></TD>

   <TD width="15%"></TD></TR>

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   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Round Butte Project)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.38</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/1/33</FONT>&nbsp;</TD>

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

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,734,345</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Pennsylvania--2.3%</FONT></B>&nbsp;</TD>

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

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

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

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   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>of Pennsylvania, Revenue</FONT>&nbsp;</TD>

   <TD 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>6/1/23</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>1,223,220</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>JPMorgan Chase Putters/Drivers</FONT>&nbsp;</TD>

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(Geisinger Health System))</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.13</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6/1/35</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,000,000</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>3,366,300</FONT>&nbsp;</TD></TR>

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

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   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>GO</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.50</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8/1/41</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,700,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,722,861</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Rhode Island--1.4%</FONT></B>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Rhode Island Health and</FONT>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Educational Building</FONT>&nbsp;</TD>

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   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Corporation, Hospital</FONT>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Financing Revenue (Lifespan</FONT>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Obligated Group Issue)</FONT>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(Insured; Assured Guaranty</FONT>&nbsp;</TD>

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   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Municipal Corp.)</FONT>&nbsp;</TD>

   <TD 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>5/15/39</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,000,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6,028,550</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Tennessee--1.5%</FONT></B>&nbsp;</TD>

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

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   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Nashville and Davidson County</FONT>&nbsp;</TD>

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   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Health and Educational</FONT>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Facilities Board, Revenue (The</FONT>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Vanderbilt University)</FONT>&nbsp;</TD>

   <TD 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>10/1/29</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>3,016,375</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Nashville and Davidson County</FONT>&nbsp;</TD>

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   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Health and Educational</FONT>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Facilities Board, Revenue (The</FONT>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Vanderbilt University)</FONT>&nbsp;</TD>

   <TD 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>10/1/34</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,000,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,595,140</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Texas--19.0%</FONT></B>&nbsp;</TD>

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

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   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Receipts (Leander Independent</FONT>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>School District, Unlimited Tax</FONT>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>School Building Bonds</FONT>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(Permanent School Fund</FONT>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Guarantee Program))</FONT>&nbsp;</TD>

   <TD 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>8/15/40</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9,997,299</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>11,368,499</FONT>&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>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Receipts (Texas A&amp;M University</FONT>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>System Board of Regents,</FONT>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Financing System Revenue)</FONT>&nbsp;</TD>

   <TD 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>5/15/39</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>13,160,000</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>14,841,716</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Dallas and Fort Worth,</FONT>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Joint Improvement Revenue</FONT>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(Dallas/Fort Worth</FONT>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>International Airport)</FONT>&nbsp;</TD>

   <TD 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>11/1/42</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,000,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,410,800</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Dallas-Fort Worth International</FONT>&nbsp;</TD>

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Airport Facility Improvement</FONT>&nbsp;</TD>

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Corporation, Revenue (Learjet</FONT>&nbsp;</TD>

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Inc. Project)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.15</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1/1/16</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,000,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,005,880</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Authority, SWDR (CITGO</FONT>&nbsp;</TD>

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

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Petroleum Corporation Project)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4.88</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5/1/25</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>1,031,110</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(Memorial Hermann Healthcare</FONT>&nbsp;</TD>

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>System)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.25</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>12/1/35</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9,290,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11,560,569</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Combined Utility System First</FONT>&nbsp;</TD>

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   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Lien Revenue (Insured; Assured</FONT>&nbsp;</TD>

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   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Guaranty Municipal Corp.)</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.00</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/15/36</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,000,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6,128,600</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Love Field Airport Modernization</FONT>&nbsp;</TD>

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Corporation, Special</FONT>&nbsp;</TD>

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Facilities Revenue (Southwest</FONT>&nbsp;</TD>

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Airlines Company - Love Field</FONT>&nbsp;</TD>

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Modernization Program Project)</FONT>&nbsp;</TD>

   <TD align=right><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>11/1/28</FONT>&nbsp;</TD>

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

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,099,740</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>District Number One, Revenue</FONT>&nbsp;</TD>

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(Houston Lighting and Power</FONT>&nbsp;</TD>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Company Project) (Insured;</FONT>&nbsp;</TD>

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

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>AMBAC)</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.13</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11/1/28</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,295,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,177,622</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>North Texas Tollway Authority,</FONT>&nbsp;</TD>

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>First Tier System Revenue</FONT>&nbsp;</TD>

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

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(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>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Municipal Corp.)</FONT>&nbsp;</TD>

   <TD align=right><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>1/1/40</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>14,705,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>17,115,297</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Second Tier System Revenue</FONT>&nbsp;</TD>

   <TD align=right><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>1/1/38</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6,650,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7,365,341</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Texas Department of Housing and</FONT>&nbsp;</TD>

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

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Community Affairs, Home</FONT>&nbsp;</TD>

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

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Mortgage Revenue</FONT>&nbsp;</TD>

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

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(Collateralized: FHLMC, FNMA</FONT>&nbsp;</TD>

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>and GNMA)</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>13.40</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/2/24</FONT>&nbsp;</TD>

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

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>532,530</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Vermont--.9%</FONT></B>&nbsp;</TD>

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

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<TR vAlign=bottom>

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

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

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Airport Revenue</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3.50</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/1/18</FONT>&nbsp;</TD>

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

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,012,480</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Virginia--7.7%</FONT></B>&nbsp;</TD>

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

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

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<TR vAlign=bottom>

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Development Authority, Revenue</FONT>&nbsp;</TD>

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

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(Bon Secours Health System,</FONT>&nbsp;</TD>

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

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Inc.) (Insured; Assured</FONT>&nbsp;</TD>

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

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Guaranty Municipal Corp.)</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11.22</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8/23/27</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7,050,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>9,524,127</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Transportation Board,</FONT>&nbsp;</TD>

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

   <TD 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: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Transportation 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></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Projects Revenue</FONT>&nbsp;</TD>

   <TD align=right><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>5/15/21</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8,565,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10,800,122</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Transportation Board,</FONT>&nbsp;</TD>

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

   <TD 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: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Transportation 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></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Projects Revenue</FONT>&nbsp;</TD>

   <TD align=right><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>5/15/22</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,840,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,875,533</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Mortgage Revenue</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.25</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/1/31</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4,845,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,558,620</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

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

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(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>

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<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Alliance)</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7.75</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/1/38</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,000,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,720,960</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Washington--5.3%</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 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: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Revenue)</FONT>&nbsp;</TD>

   <TD align=right><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>1/1/29</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8,577,246</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>10,098,652</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

   <TD 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: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Water System Revenue</FONT>&nbsp;</TD>

   <TD align=right><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>9/1/24</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,000,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6,215,600</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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></TABLE></DIV>

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<TR>

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   <TD width="11%"></TD>

   <TD width="13%"></TD>

   <TD width="23%"></TD>

   <TD width="3%"></TD>

   <TD width="16%"></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(Collateralized; FHA)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.25</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8/1/36</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5,975,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7,174,840</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>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>

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<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Station Project)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" 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>10/15/37</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7,920,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8,400,031</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Wisconsin--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 face=Arial,Arial,Helvetica,sans-serif size=1>Public 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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Senior Airport 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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Revenue (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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Infrastructure Properties, LLC</FONT>&nbsp;</TD>

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

   <TD 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: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Obligated Group)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" 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>7/1/42</FONT>&nbsp;</TD>

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

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,558,800</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(Aurora Health Care, Inc.)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.40</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>4/15/33</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>4,016,080</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>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>

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<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Authority, Senior Lien Revenue</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.13</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/1/37</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,100,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,028,545</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Public Improvement GO</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" 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>7/1/32</FONT>&nbsp;</TD>

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

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,527,990</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Public Improvement GO</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.00</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/1/39</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,610,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,704,974</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Public Improvement GO</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.50</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/1/40</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,390,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,651,657</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Puerto Rico Electric 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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Authority, Power Revenue</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.25</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>7/1/24</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,895,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>2,002,920</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Puerto Rico Electric 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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Authority, Power Revenue</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" 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>7/1/42</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,900,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,881,114</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(First Subordinate Series)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>5.38</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8/1/39</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>2,649,425</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(First Subordinate Series)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>6.00</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>8/1/42</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>10,000,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>11,048,500</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Projects)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" 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>10/1/39</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,250,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,315,463</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>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></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(cost $556,054,749)</FONT>&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 face=Arial,Bold,Arial,Helvetica,sans-serif size=1>630,409,670</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.119pt" align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=2>Short-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>

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

<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--1.4%</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>California--.1%</FONT></B>&nbsp;</TD>

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

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

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

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

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

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

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

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   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Economic Development Bank,</FONT>&nbsp;</TD>

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

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

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

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

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   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Revenue, Refunding (Los</FONT>&nbsp;</TD>

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

   <TD 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: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Angeles County Museum 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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Natural History Foundation)</FONT>&nbsp;</TD>

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

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

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

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(LOC; Wells Fargo Bank)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 26.04pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>0.08</FONT>&nbsp;</TD>

   <TD align=center><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3/1/13</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>200,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>200,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Massachusetts--.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>

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<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Authority, Revenue (Baystate</FONT>&nbsp;</TD>

   <TD align=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>

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<TR>

   <TD width="37%"></TD>

   <TD width="5%"></TD>

   <TD width="12%"></TD>

   <TD width="21%"></TD>

   <TD width="2%"></TD>

   <TD width="16%"></TD>

   <TD width="2%"></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Medical Center Issue) (LOC;</FONT>&nbsp;</TD>

   <TD 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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Wells Fargo Bank)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>0.08</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3/1/13</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,900,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>1,900,000</FONT></TD>

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

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>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>

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   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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>

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   <TD style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Bank)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>0.11</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3/1/13</FONT>&nbsp;</TD>

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,100,000</FONT></TD>

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

   <TD align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3,100,000</FONT></TD>

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

<TR vAlign=bottom>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Bank)</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>0.11</FONT>&nbsp;</TD>

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>3/1/13</FONT>&nbsp;</TD>

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>h</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></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>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 style="TEXT-INDENT: 16.559pt" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(cost $6,200,000)</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 face=Arial,Bold,Arial,Helvetica,sans-serif size=1>6,200,000</FONT></B></TD>

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

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Total Investments </FONT></B><FONT face=Arial,Arial,Helvetica,sans-serif size=1>(cost $562,254,749)</FONT>&nbsp;</TD>

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

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

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>143.1</FONT></B></TD>

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

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>636,609,670</FONT></B></TD>

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

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Liabilities, Less Cash and Receivables</FONT></B>&nbsp;</TD>

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

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

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>(11.7</FONT></B></TD>

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

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>(52,096,516</FONT></B></TD>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.839pt" align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Preferred Stock, at redemption value</FONT></B>&nbsp;</TD>

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

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

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>(31.4</FONT></B></TD>

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

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>(139,500,000</FONT></B></TD>

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

<TR vAlign=bottom>

   <TD align=left><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>Net Assets Applicable to Common Shareholders</FONT></B>&nbsp;</TD>

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

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

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>100.0</FONT></B></TD>

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

   <TD align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=1>445,013,154</FONT></B></TD>

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

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<TR>

   <TD vAlign=top noWrap width="2%"><FONT face=Arial,Arial,Helvetica,sans-serif size=1>a</FONT>&nbsp; &nbsp; &nbsp; </TD>

   <TD width="98%">

   <P align=justify><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Collateral for floating rate borrowings.</FONT></P></TD></TR>

<TR>

   <TD vAlign=top noWrap width="2%"><FONT face=Arial,Arial,Helvetica,sans-serif size=1>b</FONT>&nbsp; &nbsp; &nbsp; </TD>

   <TD width="98%">

   <P align=justify><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Securities exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At February 28, 2013, these securities were valued at $140,211,584 or 31.5% of net assets applicable to Common Shareholders.</FONT></P></TD></TR>

<TR>

   <TD vAlign=top noWrap width="2%"><FONT face=Arial,Arial,Helvetica,sans-serif size=1>c</FONT>&nbsp; &nbsp; &nbsp; </TD>

   <TD width="98%">

   <P align=justify><FONT face=Arial,Arial,Helvetica,sans-serif size=1>These securities are prerefunded; the date shown represents the prerefunded date. Bonds which are prerefunded are collateralized by U.S. Government securities which are held in escrow and are used to pay principal and interest on the municipal issue and to retire the bonds in full at the earliest refunding date.</FONT></P></TD></TR>

<TR>

   <TD vAlign=top noWrap width="2%"><FONT face=Arial,Arial,Helvetica,sans-serif size=1>d</FONT>&nbsp; &nbsp; &nbsp; </TD>

   <TD width="98%">

   <P align=justify><FONT face=Arial,Arial,Helvetica,sans-serif size=1>At February 28, 2013, the fund had $137,915,481 or 31.0% of net assets applicable to Common Shareholders invested in securities whose payment of principal and interest is dependent upon revenues generated from transportation.</FONT></P></TD></TR>

<TR>

   <TD vAlign=top noWrap width="2%"><FONT face=Arial,Arial,Helvetica,sans-serif size=1>e</FONT>&nbsp; &nbsp; &nbsp; </TD>

   <TD width="98%">

   <P align=justify><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Security issued with a zero coupon. Income is recognized through the accretion of discount.</FONT></P></TD></TR>

<TR>

   <TD vAlign=top noWrap width="2%"><FONT face=Arial,Arial,Helvetica,sans-serif size=1>f</FONT>&nbsp; &nbsp; &nbsp; </TD>

   <TD width="98%">

   <P align=justify><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Non-income producing--security in default.</FONT></P></TD></TR>

<TR>

   <TD vAlign=top noWrap width="2%"><FONT face=Arial,Arial,Helvetica,sans-serif size=1>g</FONT>&nbsp; &nbsp; &nbsp; </TD>

   <TD width="98%">

   <P align=justify><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Inverse floater security--the interest rate is subject to change periodically. Rate shown is the interest rate in effect at February 28, 2013.</FONT></P></TD></TR>

<TR>

   <TD vAlign=top noWrap width="2%"><FONT face=Arial,Arial,Helvetica,sans-serif size=1>h</FONT>&nbsp; &nbsp; &nbsp; </TD>

   <TD width="98%">

   <P align=justify><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Variable rate demand note - rate shown is the interest rate in effect at February 28, 2013. Maturity date represents the next demand date, or the ultimate maturity date if earlier.</FONT></P></TD></TR></TABLE>

<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=1>At February 28, 2013, net unrealized appreciation on investments was $74,354,921 of which $75,848,282 related to appreciated investment securities and $1,493,361 related to depreciated investment securities. At February 28, 2013, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes.</FONT></P>

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<TR>

   <TD width="10%"></TD>

   <TD width="43%"></TD>

   <TD width="11%"></TD>

   <TD width="34%"></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0.119pt; BORDER-BOTTOM: #000000 3px double" align=left colSpan=2><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Summary of Abbreviations</FONT>&nbsp;</TD>

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

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Association of Bay Area Governments</FONT>&nbsp;</TD>

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>American Capital Access</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Asset Guaranty Insurance Company</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>American Municipal Bond Assurance Corporation</FONT>&nbsp;</TD>

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Adjustable Rate Receipt Notes</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Bond Purchase Agreement</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>CDC Ixis Financial Guaranty</FONT>&nbsp;</TD>

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Certificate of Participation</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Derivative Inverse Tax-Exempt Receipts</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Environmental Improvement Revenue</FONT>&nbsp;</TD></TR></TABLE></DIV>

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   <TD width="9%"></TD>

   <TD width="38%"></TD>

   <TD width="13%"></TD>

   <TD width="38%"></TD></TR>

<TR vAlign=bottom>

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Financial Guaranty Insurance Company</FONT>&nbsp;</TD>

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Federal Housing Administration</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Federal Home Loan Bank</FONT>&nbsp;</TD>

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Federal Home Loan Mortgage Corporation</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Federal National Mortgage Association</FONT>&nbsp;</TD>

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Grant Anticipation Notes</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Government National Mortgage Association</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

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

<TR vAlign=bottom>

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

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

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

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

<TR vAlign=bottom>

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

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

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Long Inverse Floating Exempt Receipts</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Limited Obligation Revenue</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

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

<TR vAlign=bottom>

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Multi-Family Housing Revenue</FONT>&nbsp;</TD>

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Multi-Family Mortgage Revenue</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Puttable Floating Option Tax-Exempts Receipts</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Payment in Lieu of Taxes</FONT>&nbsp;</TD>

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Puttable Tax-Exempt Receipts</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Revenue Anticipation Notes</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Reset Option Certificates</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>State Aid Anticipation Notes</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Standby Bond Purchase Agreement</FONT>&nbsp;</TD>

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Single Family Housing Revenue</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Single Family Mortgage Revenue</FONT>&nbsp;</TD>

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>State of New York Mortgage Agency</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Short Puttable Exempt Adjustable Receipts</FONT>&nbsp;</TD>

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Solid Waste Disposal Revenue</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Tax Anticipation Warrants</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>Tax and Revenue Anticipation Notes</FONT>&nbsp;</TD>

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

   <TD align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=1>XL Capital Assurance</FONT>&nbsp;</TD></TR></TABLE></DIV>

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<TR>

   <TD width="29%"></TD>

   <TD width="26%"></TD>

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   <TD style="BORDER-BOTTOM: #000000 3px double" align=left colSpan=3><FONT face=Arial,Arial,Helvetica,sans-serif size=3>The following is a summary of the inputs used as of February 28, 2013 in valuing the fund's investments:</FONT></TD>

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

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

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

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

<TR>

   <TD colSpan=7>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

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

   <TD align=center><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=3>Level 3 -</FONT></B>&nbsp;</TD>

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

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

<TR vAlign=bottom>

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

   <TD align=center><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=3>Level 1 -</FONT></B>&nbsp;</TD>

   <TD align=center><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=3>Level 2 - Other</FONT></B></TD>

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

   <TD align=center><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=3>Significant</FONT></B>&nbsp;</TD>

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

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

<TR vAlign=bottom>

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

   <TD align=center><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=3>Unadjusted Quoted</FONT></B>&nbsp;</TD>

   <TD align=center><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=3>Significant</FONT></B></TD>

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

   <TD align=center><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=3>Unobservable</FONT></B>&nbsp;</TD>

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

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

<TR vAlign=bottom>

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

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

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

   <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>

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

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

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

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=3>Investments in Securities:</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>

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

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=3>Municipal Bonds</FONT>&nbsp;</TD>

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

   <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=3>636,609,670</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>

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

   <TD style="BORDER-BOTTOM: #000000 3px double" align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=3>636,609,670</FONT></B></TD>

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

<TR vAlign=bottom>

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

   <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=left>&nbsp;</TD>

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

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT face=Arial,Arial,Helvetica,sans-serif size=3>Floating Rate Notes+</FONT>&nbsp;</TD>

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

   <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT face=Arial,Arial,Helvetica,sans-serif size=3>(57,128,615</FONT></TD>

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

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

   <TD style="BORDER-BOTTOM: #000000 3px double" align=right><B><FONT face=Arial,Bold,Arial,Helvetica,sans-serif size=3>(57,128,615</FONT></B></TD>

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

<TR vAlign=bottom>

   <TD align=left colSpan=5><FONT face=Arial,Arial,Helvetica,sans-serif size=3>+ Certain of the fund's liabilities are held at carrying amount, which approximates fair value for financial reporting purposes.</FONT>&nbsp;</TD>

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

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

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<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=2>The Financial Accounting Standards Board (&#8220;FASB&#8221;) Accounting Standards Codification (&#8220;ASC&#8221;) is the exclusive reference of authoritative U.S. generally accepted accounting principles (&#8220;GAAP&#8221;) </FONT><FONT face=Arial,Arial,Helvetica,sans-serif size=2>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 face=Arial,Arial,Helvetica,sans-serif size=2>Commission (&#8220;SEC&#8221;) under authority of federal laws are also sources </FONT><FONT face=Arial,Arial,Helvetica,sans-serif size=2>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 face=Arial,Arial,Helvetica,sans-serif size=2>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 face=Arial,Arial,Helvetica,sans-serif size=2>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 face=Arial,Arial,Helvetica,sans-serif size=2>Various inputs are used in determining the value of the fund&#8217;s investments </FONT><FONT face=Arial,Arial,Helvetica,sans-serif size=2>relating to fair value measurements. These inputs are summarized in the three broad levels listed below:</FONT></P>

<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Level 1&#8212;unadjusted quoted prices in active markets for </FONT><FONT face=Arial,Arial,Helvetica,sans-serif size=2>identical investments.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Level 2&#8212;other significant observable inputs (including quoted </FONT><FONT face=Arial,Arial,Helvetica,sans-serif size=2>prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).</FONT></P>

<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Level 3&#8212;significant unobservable inputs (including the fund&#8217;s own </FONT><FONT face=Arial,Arial,Helvetica,sans-serif size=2>assumptions in determining the fair value of investments).</FONT></P>

<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=2>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 face=Arial,Arial,Helvetica,sans-serif size=2>used to value the fund&#8217;s investments are as follows:</FONT></P>

<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=2>Investments in securities are valued each business day by an independent </FONT><FONT face=Arial,Arial,Helvetica,sans-serif size=2>pricing service (the &#8220;Service&#8221;) approved by the Board of</FONT></P>

<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=2>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 the following: 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 face=Arial,Arial,Helvetica,sans-serif size=2>When market quotations or official closing prices are not readily available,</FONT></P></DIV>

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<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=2>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 face=Arial,Arial,Helvetica,sans-serif size=2>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 face=Arial,Arial,Helvetica,sans-serif size=2>Inverse Floater Securities: The fund participates in secondary inverse floater structures in which fixed-rate, tax-exempt municipal bonds are transferred to a trust. The trust subsequently issues two or more variable rate securities that are collateralized by the cash flows of the fixed-rate, tax-exempt municipal bonds. One or more of these variable rate securities pays interest based on a short-term floating rate set by a remarketing agent at predetermined intervals. A residual interest tax-exempt security is also created by the trust, which is transferred to the fund, and is paid interest based on the remaining cash flow of the trust, after payment of interest on the other securities and various expenses of the trust.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT face=Arial,Arial,Helvetica,sans-serif size=2>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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<P style="MARGIN: 0in 0in 12pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Item 2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Controls and Procedures.</FONT></B></P>

<P style="MARGIN: 0in 0in 12pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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: 0in 0in 12pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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.&nbsp; </FONT></P>

<P style="MARGIN: 0in 0in 12pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Item 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits.</FONT></B></P>

<P style="MARGIN: 0in 0in 12pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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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<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 24pt; TEXT-ALIGN: center"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">SIGNATURES<BR><BR></FONT></B></P>

<P style="MARGIN: 0in 0in 12pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">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: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Dreyfus Strategic Municipal Bond Fund, Inc.</FONT></P>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">By: </FONT><U><FONT style="FONT-SIZE: 11pt" face="Times New Roman">/s/ Bradley J. Skapyak</FONT></U></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Bradley J. Skapyak</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">President</FONT></P>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">April 25, 2013</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">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>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">By: </FONT><U><FONT style="FONT-SIZE: 11pt" face="Times New Roman">/s/ Bradley J. Skapyak</FONT></U></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Bradley J. Skapyak</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">President</FONT></P>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">April 25, 2013</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">By: </FONT><U><FONT style="FONT-SIZE: 11pt" face="Times New Roman">/s/ James Windels</FONT></U></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">James Windels</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Treasurer</FONT></P>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">April 25, 2013</FONT></P></TD></TR>

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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">EXHIBIT INDEX</FONT></B></P>

<P style="MARGIN: 0in 0in 12pt 0.5in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.&nbsp; (EX-99.CERT)</FONT></P></DIV>

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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>

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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/ Bradley J. Skapyak</font></u></p>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">            Bradley J. Skapyak</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 25, 2013</font></p>
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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></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 25, 2013</font></p>
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