<SEC-DOCUMENT>0001206774-18-000644.txt : 20180301
<SEC-HEADER>0001206774-18-000644.hdr.sgml : 20180301
<ACCEPTANCE-DATETIME>20180301100014
ACCESSION NUMBER:		0001206774-18-000644
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20171231
FILED AS OF DATE:		20180301
DATE AS OF CHANGE:		20180301
EFFECTIVENESS DATE:		20180301

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Delaware Investments National Municipal Income Fund
		CENTRAL INDEX KEY:			0000895574
		IRS NUMBER:				411737161
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0330

	FILING VALUES:
		FORM TYPE:		N-Q
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-07410
		FILM NUMBER:		18655024

	BUSINESS ADDRESS:	
		STREET 1:		ONE COMMERCE SQUARE
		STREET 2:		2005 MARKET STREET
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19103
		BUSINESS PHONE:		18005231918

	MAIL ADDRESS:	
		STREET 1:		ONE COMMERCE SQUARE
		STREET 2:		2005 MARKET STREET
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19103

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DELAWARE INVESTMENTS FLORIDA INSURED MUNICIPAL INCOME FUND
		DATE OF NAME CHANGE:	20020327

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VOYAGEUR FLORIDA INSURED MUNICIPAL INCOME FUND
		DATE OF NAME CHANGE:	19930519

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VOYAGEUR FLORIDA INSURD MUNICIPAL INCOME FUND
		DATE OF NAME CHANGE:	19930122
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-Q
<SEQUENCE>1
<FILENAME>mimnmif3386151-nq.htm
<DESCRIPTION>QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS
<TEXT>

<HTML>
<HEAD>
   <TITLE></TITLE>
</HEAD>

<BODY bgcolor="#ffffff">


<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">UNITED STATES <BR>SECURITIES AND EXCHANGE COMMISSION<BR></FONT></B><B><FONT size=2 face="Times New Roman">Washington, DC 20549</FONT></B></P>
<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">FORM N-Q</FONT></B></P>
<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED<BR></FONT></B><B><FONT size=2 face="Times New Roman">MANAGEMENT INVESTMENT COMPANY</FONT></B></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR vAlign=bottom>
   <TD width="49%" noWrap align=left><FONT size=2 face="Times New Roman">Investment Company Act file number:</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
   <TD width="49%" noWrap align=left><FONT size=2 face="Times New Roman">811-07410</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="49%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD width="49%" noWrap align=left><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
   <TD NOWRAP STYLE="width: 49%; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">Exact name of registrant as specified in charter:</FONT></TD>
   <TD NOWRAP STYLE="width: 1%; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD NOWRAP STYLE="width: 49%; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">Delaware Investments<SUP>&#174; </SUP>National <BR>
Municipal Income Fund
</FONT></TD></TR>

<TR vAlign=bottom>
   <TD width="49%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD width="49%" noWrap align=left><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="49%" noWrap align=left><FONT size=2 face="Times New Roman">Address of principal executive offices:</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD width="49%" noWrap align=left><FONT size=2 face="Times New Roman">2005 Market Street</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="49%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD width="49%" noWrap align=left><FONT size=2 face="Times New Roman">Philadelphia, PA 19103</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="49%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD width="49%" noWrap align=left><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="49%" noWrap align=left><FONT size=2 face="Times New Roman">Name and address of agent for service:</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD width="49%" noWrap align=left><FONT size=2 face="Times New Roman">David F. Connor, Esq.</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="49%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD width="49%" noWrap align=left><FONT size=2 face="Times New Roman">2005 Market Street</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="49%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD width="49%" noWrap align=left><FONT size=2 face="Times New Roman">Philadelphia, PA 19103</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="49%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD width="49%" noWrap align=left><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="49%" noWrap align=left><FONT size=2 face="Times New Roman">Registrant&#8217;s telephone number, including area code:</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD width="49%" noWrap align=left><FONT size=2 face="Times New Roman">(800) 523-1918</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="49%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD width="49%" noWrap align=left><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="49%" noWrap align=left><FONT size=2 face="Times New Roman">Date of fiscal year end:</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD width="49%" noWrap align=left><FONT size=2 face="Times New Roman">March 31</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="49%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD width="49%" noWrap align=left><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="49%" noWrap align=left><FONT size=2 face="Times New Roman">Date of reporting period:</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD width="49%" noWrap align=left><FONT size=2 face="Times New Roman">December 31, 2017</FONT></TD></TR></TABLE>
<BR>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always"></DIV>


<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Item 1. Schedule of Investments.</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=6 face=Arial>Schedule of investments</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial>Delaware Investments</FONT></B><B><FONT size=2 face=Arial><SUP>&#174; </SUP></FONT></B><B><FONT size=2 face=Arial>National Municipal Income Fund<BR></FONT></B><FONT size=2 face=Arial>December 31, 2017 (Unaudited)</FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR vAlign=bottom>
   <TD width="1%" noWrap align=left></TD>
   <TD width="89%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=center><B><FONT size=2 face=Arial>Principal</FONT></B></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="4%" colSpan=2 noWrap align=center><B><FONT size=2 face=Arial>Value</FONT></B></TD></TR>
<TR vAlign=bottom>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="89%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="3%" noWrap align=center><B><FONT size=2 face=Arial>Amount&#176;</FONT></B></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="4%" colSpan=2 noWrap align=center><B><FONT size=2 face=Arial>(US $)</FONT></B></TD></TR>
<TR vAlign=bottom>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="90%" colSpan=2 noWrap align=left><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial>Municipal Bonds &ndash; 143.17%</FONT></B></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="94%" colSpan=4 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Corporate-Backed Revenue Bonds &ndash; 12.34%</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Buckeye, Ohio Tobacco</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; Settlement Financing</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Asset-Backed -2</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A-2 5.875% 6/1/47</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial>$</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>483,750</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A-2 6.50% 6/1/47</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>430,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>430,008</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Central Plains Energy Project</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Revenue, Nebraska</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Project No. 3) Series A</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5.00% 9/1/42</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>260,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>335,210</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Florida Development Finance</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Corporation Surface</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Transportation Facility</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Brightline Passenger Rail</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Project) 144A 5.625%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>1/1/47 (AMT) <FONT size=2 face=Arial>#</FONT><FONT size=2 face=Arial>&#9679;</FONT></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=3 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>300,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>312,918</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Golden State, California</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Tobacco Securitization</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Corporate Settlement</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Asset-Backed Senior</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Notes) Series A-1 5.75%</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>6/1/47</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>790,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>795,451</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Illinois Railsplitter Tobacco</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Settlement Authority</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>6.25% 6/1/24</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>500,865</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Louisiana Local Government</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Environmental Facilities &amp;</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Community Development</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Westlake Chemical)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A 6.50% 8/1/29</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>645,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>720,659</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A-1 6.50% 11/1/35</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>255,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>285,936</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>M-S-R Energy Authority,</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>California Gas</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT></FONT>Series B 6.50% 11/1/39</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>250,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>367,235</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series C 7.00% 11/1/34</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>1,000,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>1,463,260</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>New York City Industrial</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Development Agency, New</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>York</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Brooklyn Navy Yard</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Cogeneration Partners, L.P.</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Project) 5.75% 10/1/36</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(AMT)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>499,950</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Shoals, Indiana</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(National Gypsum Project)</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>7.25% 11/1/43 (AMT)</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>310,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>354,445</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=right></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Suffolk County, New York</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=right></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Tobacco Asset</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=right></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Securitization</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=right></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series B 5.00% 6/1/32</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>750,000</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>814,433</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Tobacco Settlement Financing</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Corporation, Louisiana</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Asset-Backed Note Series A</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5.25% 5/15/35</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>460,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>502,348</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=right></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>TSASC Revenue, New York</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=right></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Settlement) Series A</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=right></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5.00% 6/1/41</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>60,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>67,572</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Valparaiso, Indiana</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Pratt Paper Project) 7.00%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>1/1/44 (AMT)</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>240,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>287,650</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=right></TD>
   <TD width="89%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="3%" noWrap align=right><FONT size=2 face=Arial>8,221,690</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial>Education Revenue Bonds &ndash; 22.47%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=right></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Arizona Industrial</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=right></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Development Authority</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=right></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=right></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(American Charter Schools</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=right></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Foundation Project) 144A</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=right></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>6.00% 7/1/47 #</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>330,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>354,704</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>California Educational</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Facilities Authority Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Loma Linda University)</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A 5.00% 4/1/47</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>580,625</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=right></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>California State University</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=right></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Systemwide) Series A</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=right></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5.00% 11/1/42</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>200,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>240,258</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>East Hempfield Township,</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Pennsylvania Industrial</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Development Authority</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Student Services Income -</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Student Housing Project)</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5.00% 7/1/35</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>1,000,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>1,083,740</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=right></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Health &amp; Educational Facilities</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=right></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority of the State of</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=right></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Missouri</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=right></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(St. Louis College of</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=right></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Pharmacy Project) 5.25%</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=right></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5/1/33</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>556,445</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=right></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Washington University)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=right></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series B 5.00% 11/15/30</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>600,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>669,252</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Illinois Finance Authority</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(CHF</FONT> - Chicago, L.L.C. -</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>University Of Illinois at</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Chicago Project) Series A</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5.00% 2/15/50</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>460,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>502,936</FONT></TD></TR></TABLE>

<P style="TEXT-ALIGN: right"><FONT size=2 face=Arial><FONT style="COLOR: #808080">(continues)</FONT>&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT size=2 face=Arial>NQ-OV9 [12/17] 2/18 (421276) 1</FONT></P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always"></DIV>


<P style="TEXT-ALIGN: left"><FONT style="COLOR: #b2b2b2" size=6 face=Arial>Schedule of investments</FONT></P>
<P style="TEXT-ALIGN: left"><FONT style="COLOR: #b2b2b2"><FONT size=2 face=Arial>Delaware Investments<SUP>&#174;</SUP> National Municipal Income Fund (Unaudited)</FONT></FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR vAlign=bottom>
   <TD width="1%" noWrap align=left></TD>
   <TD width="89%" noWrap align=left></TD>
   <TD width="1%" noWrap align=center><B><FONT size=2 face=Arial></FONT></B></TD>
   <TD width="3%" noWrap align=center><B><FONT size=2 face=Arial>Principal</FONT></B></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="4%" colSpan=2 noWrap align=center><B><FONT size=2 face=Arial>Value</FONT></B></TD></TR>
<TR vAlign=bottom>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="89%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=center><B><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="3%" noWrap align=center><B><FONT size=2 face=Arial>Amount&#176;</FONT></B></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=center><B><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="4%" colSpan=2 noWrap align=center><B><FONT size=2 face=Arial>(US $)</FONT></B></TD></TR>
<TR vAlign=bottom>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="90%" colSpan=2 noWrap align=left><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial>Municipal Bonds </FONT></B><FONT size=2 face=Arial>(continued)</FONT></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Education Revenue Bonds (continued)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Illinois Finance Authority</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Chicago International</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Charter School Project)</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series REF 5.00% 12/1/47</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>535,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial>$</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>567,159</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Louisiana Public Facilities</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Provident Group-Flagship</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Properties) Series A 5.00%</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>7/1/56</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>559,765</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Maryland Health &amp; Higher</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Educational Facilities</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Loyola University) Series A</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5.00% 10/1/39</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>650,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>717,347</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Massachusetts Development</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Finance Agency</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Umass Boston Student</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Housing Project) 5.00%</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>10/1/48</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>285,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>315,817</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Montgomery County,</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Pennsylvania Higher</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Education &amp; Health</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Arcadia University) 5.25%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>4/1/30</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>550,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>578,969</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>New Hope, Texas Cultural</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Education Facilities</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Chief-Collegiate Housing-</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Tarleton St.) 5.00%</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>4/1/34</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>1,000,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>1,100,500</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>New York City, New York Trust</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>For Cultural Resources</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Whitney Museum of</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>American Art) 5.00%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>7/1/31</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>544,300</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>New York State Dormitory</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Columbia University)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5.00% 10/1/41</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>600,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>657,048</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Pennsylvania State University</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A 5.00% 9/1/47</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>1,000,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>1,194,410</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Philadelphia, Pennsylvania</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority for Industrial</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Development</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(1st Philadelphia</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Preparatory College)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>7.25% 6/15/43</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>370,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>429,773</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Phoenix, Arizona Industrial</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Development Authority</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Rowan University Project)</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5.00% 6/1/42</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>1,000,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>1,092,410</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Pima County, Arizona</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Industrial Development</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority Education</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Edkey Charter School</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Project) 6.00% 7/1/48</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>439,915</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Private Colleges &amp; Universities</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority Revenue, Georgia</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Mercer University) Series A</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5.00% 10/1/32</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>135,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>143,701</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Swarthmore Borough</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority, Pennsylvania</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Swarthmore College</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Project) 5.00% 9/15/32</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>490,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>572,545</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Troy, New York Capital</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Resource Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Rensselaer Polytechnic)</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A 5.125% 9/1/40</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>600,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>642,204</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>University of California</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series AI 5.00% 5/15/32</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>1,000,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>1,157,430</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Wyoming Community</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Development Authority</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Student Housing Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(CHF-Wyoming LLC)</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>6.50% 7/1/43</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>250,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>270,025</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left></TD>
   <TD width="89%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="3%" noWrap align=right><FONT size=2 face=Arial>14,971,278</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Electric Revenue Bonds &ndash; 2.78%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Imperial Irrigation District</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Electric System Revenue,</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>California</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series C 5.00% 11/1/28</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>60,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>73,024</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>JEA Electric System Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A 5.00% 10/1/23</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>355,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>404,242</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Long Island Power Authority,</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>New York</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5.00% 9/1/47</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>305,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>358,338</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A 5.00% 9/1/44</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>250,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>282,715</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series B 5.00% 9/1/46</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>130,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>151,748</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Philadelphia, Pennsylvania</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Gas Works Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(1998 General Ordinance</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Fifteenth Series) 5.00%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>8/1/47</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>581,345</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left></TD>
   <TD width="89%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="3%" noWrap align=right><FONT size=2 face=Arial>1,851,412</FONT></TD></TR></TABLE>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial>2 NQ-OV9 [12/17] 2/18 (421276)</FONT></P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always"></DIV>


<P style="TEXT-ALIGN: left"><B><FONT style="COLOR: #b2b2b2" size=2 face=Arial>(Unaudited)</FONT></B></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR vAlign=bottom>
   <TD width="1%" noWrap align=left></TD>
   <TD width="89%" noWrap align=left></TD>
   <TD width="1%" noWrap align=center><B><FONT size=2 face=Arial></FONT></B></TD>
   <TD width="3%" noWrap align=center><B><FONT size=2 face=Arial>Principal</FONT></B></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="4%" colSpan=2 noWrap align=center><B><FONT size=2 face=Arial>Value</FONT></B></TD></TR>
<TR vAlign=bottom>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left><B><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="89%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=center><B><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="3%" noWrap align=center><B><FONT size=2 face=Arial>Amount&#176;</FONT></B></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="4%" colSpan=2 noWrap align=center><B><FONT size=2 face=Arial>(US $)</FONT></B></TD></TR>
<TR vAlign=bottom>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="90%" colSpan=2 noWrap align=left><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial>Municipal Bonds </FONT></B><FONT size=2 face=Arial>(continued)</FONT></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Healthcare Revenue Bonds &ndash; 24.51%</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Alabama Special Care</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; Facilities Financing</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority-Birmingham</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Alabama</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Methodist Home for the</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Aging) 6.00% 6/1/50</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial>$</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>563,200</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Arizona Health Facilities</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Catholic Healthcare West)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series D 5.00% 7/1/28</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>522,075</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Berks County Industrial</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Development Authority</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Revenue, Pennsylvania</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Tower Health Project)</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5.00% 11/1/50</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>1,000,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>1,135,360</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>California Health Facilities</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Financing Authority</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Kaiser Permanente)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A-2 5.00% 11/1/47</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>400,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>534,892</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>California Statewide</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT></FONT>Communities Development</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Loma Linda University</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Medical Center) Series A</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>144A 5.25% 12/1/56 #</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>760,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>843,873</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Capital Trust Agency, Florida</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Tuscan Gardens Senior</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Living Center) Series A</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>7.00% 4/1/49</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>375,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>372,589</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Colorado Health Facilities</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Healthcare Facilities -</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>American Baptist) 8.00%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>8/1/43</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>330,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>384,137</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Cuyahoga County, Ohio</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Hospital Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(The Metrohealth System)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5.50% 2/15/57</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>1,000,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>1,128,270</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Hawaii Pacific Health Special</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Purpose Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A 5.50% 7/1/40</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>300,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>324,090</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Health &amp; Educational Facilities</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority of The State of</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Missouri</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(The Children&#8217;s Mercy</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Hospital) Series A 4.00%</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5/15/48</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>310,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>321,774</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Kalispell, Montana</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Immanuel Lutheran</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Corporation Project)</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A 5.25% 5/15/37</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>700,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>746,340</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Lycoming County,</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Pennsylvania Authority</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Health System Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Susquehanna Health</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>System Project) Series A</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5.50% 7/1/28</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>529,720</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Maine Health &amp; Higher</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Educational Facilities</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Maine General Medical</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Center) 6.75% 7/1/41</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>300,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>328,089</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Maricopa County, Arizona</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Industrial Development</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority Health Facilities</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Catholic Healthcare West)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A 6.00% 7/1/39</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>530,835</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Maryland Health &amp; Higher</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Educational Facilities</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(University Of Maryland</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Medical System Issue)</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series D 4.00% 7/1/48</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>255,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>263,933</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Miami-Dade County, Florida</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Health Facilities Authority</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Nicklaus Children&#8217;s</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Hospital Project) 5.00%</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>8/1/47</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>200,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>230,774</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Michigan Finance Authority</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Beaumont Health Credit</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Group) 5.00% 11/1/44</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>1,000,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>1,124,020</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Moon, Pennsylvania Industrial</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Development Authority</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Baptist Homes Society</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Obligation) 6.125%</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>7/1/50</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>750,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>818,835</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>New Hope, Texas Cultural</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Education Facilities</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Cardinal Bay Inc.)</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A1 4.00% 7/1/36</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>55,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>56,355</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A1 5.00% 7/1/46</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>135,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>150,189</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A1 5.00% 7/1/51</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>135,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>149,874</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series B 4.25% 7/1/36</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>80,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>82,593</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series B 4.75% 7/1/51</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>160,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>169,160</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series B 5.00% 7/1/46</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>135,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>146,769</FONT></TD></TR></TABLE>

<P style="TEXT-ALIGN: right"><FONT size=2 face=Arial><FONT style="COLOR: #808080">(continues)</FONT>&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT size=2 face=Arial>NQ-OV9 [12/17] 2/18 (421276) 3</FONT></P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always"></DIV>


<P style="TEXT-ALIGN: left"><FONT style="COLOR: #b2b2b2" size=6 face=Arial>Schedule of investments</FONT></P>
<P style="TEXT-ALIGN: left"><FONT style="COLOR: #b2b2b2"><FONT size=2 face=Arial>Delaware Investments<SUP>&#174;</SUP> National Municipal Income Fund (Unaudited)</FONT></FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR vAlign=bottom>
   <TD width="1%" noWrap align=left></TD>
   <TD width="92%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=center><B><FONT size=2 face=Arial>Principal</FONT></B></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="4%" colSpan=2 noWrap align=center><B><FONT size=2 face=Arial>Value</FONT></B></TD></TR>
<TR vAlign=bottom>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="92%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=center><B><FONT size=2 face=Arial>Amount&#176;</FONT></B></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="4%" colSpan=2 noWrap align=center><B><FONT size=2 face=Arial>(US $)</FONT></B></TD></TR>
<TR vAlign=bottom>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="93%" colSpan=2 noWrap align=left><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial>Municipal Bonds </FONT></B><FONT size=2 face=Arial>(continued)</FONT></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="95%" colSpan=4 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Healthcare Revenue Bonds (continued)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial>New Jersey Health Care</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; Facilities Financing</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(St. Peters University</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Hospital) 6.25% 7/1/35</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial>300,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial>$</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>328,236</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial>New York State Dormitory</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Orange Regional Medical</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Center) 144A 5.00%</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>12/1/35 <FONT size=2 face=Arial>#</FONT></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>560,960</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial>Orange County, Florida Health</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Facilities Authority Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Mayflower Retirement</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Center)</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5.00% 6/1/32</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial>400,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>426,148</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5.00% 6/1/36</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial>250,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>265,257</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5.125% 6/1/42</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial>750,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>795,533</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial>Oregon State Facilities</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Peacehealth Project)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A 5.00% 11/15/29</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>580,270</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial>Palm Beach County Health</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Facilities Authority, Florida</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Sinai Residences Boca</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Raton Project)</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>7.25% 6/1/34</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial>20,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>24,162</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>7.50% 6/1/49</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial>105,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>127,541</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial>Palomar Health, California</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5.00% 11/1/39</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial>130,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>146,673</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial>Tarrant County, Texas Cultural</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Education Facilities Finance</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Buckner Senior Living -</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Ventana Project) 6.75%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>11/15/47</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial>250,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>281,387</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial>Westminster, Maryland</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Lutheran Village Millers</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Grant Inc.) 6.00% 7/1/34</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>537,465</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial>Yavapai County, Arizona</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Industrial Development</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Yavapai Regional Medical</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Center) Series A 5.00%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>8/1/28</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial>720,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>799,690</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left></TD>
   <TD width="92%" noWrap align=left>&nbsp; </TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="3%" noWrap align=right><FONT size=2 face=Arial>16,331,068</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="93%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Lease Revenue Bonds &ndash; 10.74%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial>California State Public Works</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Board Lease Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Various Capital Projects)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A 5.00% 4/1/37</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial>1,000,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>1,113,270</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial>Idaho State Building Authority</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Health &amp; Welfare Project)</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A 5.00% 9/1/24</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial>135,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>152,728</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(State Police) Series I</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5.00% 9/1/23</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial>760,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>847,598</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial>Metropolitan Pier &amp;</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Exposition Authority, Illinois</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(McCormick Place</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Expansion Project) Series A</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5.00% 6/15/57</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial>310,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>337,627</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial>Minnesota State General</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Revenue Appropriations</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series B 5.00% 3/1/29</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial>2,000,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>2,241,760</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial>MTA Hudson Rail Yards Trust</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Obligations, New York</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A 5.00% 11/15/56</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial>735,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>829,536</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial>New Jersey Economic</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Development Authority</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series WW 5.25% 6/15/30</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial>1,000,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>1,126,440</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial>Public Finance Authority,</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Wisconsin Airport Facilities</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(AFCO Investors II</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Portfolio) 144A 5.75%</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>10/1/31 <FONT size=2 face=Arial>#</FONT></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="3%" noWrap align=right><FONT size=2 face=Arial>509,075</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>7,158,034</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="95%" colSpan=4 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Local General Obligation Bonds &ndash; 4.13%</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial>Chicago Board of Education,</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Illinois</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5.00% 4/1/42</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial>205,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>224,114</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5.00% 4/1/46</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial>210,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>228,726</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial>Chicago, Illinois</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A 5.50% 1/1/34</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial>225,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>245,129</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series C 5.00% 1/1/38</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>530,760</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial>District of Columbia</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A 5.00% 6/1/37</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial>1,000,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>1,200,120</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial>New York, New York</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A-1 5.25% 8/15/21</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial>250,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>255,870</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series I-1 5.375% 4/1/36</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial>65,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="3%" noWrap align=right><FONT size=2 face=Arial>68,067</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>2,752,786</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="95%" colSpan=4 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Pre-Refunded/Escrowed to Maturity Bonds &ndash; 19.72%</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial>Atlanta, Georgia Water &amp;</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Wastewater Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A 6.25%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="92%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>11/1/39-19<FONT size=2 face=Arial>&#167;</FONT></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial>300,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>325,305</FONT></TD></TR></TABLE>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial>4 NQ-OV9 [12/17] 2/18 (421276)</FONT></P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always"></DIV>


<P style="TEXT-ALIGN: left"><B><FONT style="COLOR: #b2b2b2" size=2 face=Arial>(Unaudited)</FONT></B></P>
<DIV align=left>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR vAlign=bottom>
   <TD width="1%" noWrap align=left></TD>
   <TD width="90%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=center><B><FONT size=2 face=Arial>Principal</FONT></B></TD>
   <TD width="1%" noWrap align=center></TD>
   <TD width="4%" colSpan=2 noWrap align=center><B><FONT size=2 face=Arial>Value</FONT></B></TD></TR>
<TR vAlign=bottom>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="90%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="3%" noWrap align=center><B><FONT size=2 face=Arial>Amount&#176;</FONT></B></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="4%" colSpan=2 noWrap align=center><B><FONT size=2 face=Arial>(US $)</FONT></B></TD></TR>
<TR vAlign=bottom>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="91%" colSpan=2 noWrap align=left><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial>Municipal Bonds </FONT></B><FONT size=2 face=Arial>(continued)</FONT></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="95%" colSpan=4 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Pre-Refunded/Escrowed to Maturity Bonds (continued)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial>Bowling Green, Ohio Student</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; Housing Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(CFP I State University</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Project) 6.00% 6/1/45-20&#167;</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>260,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial>$</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>285,519</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial>Brevard County, Florida</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Health Facilities Authority</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Health First Project)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>7.00% 4/1/39-19&#167;</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>350,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>373,363</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial>Brooklyn Arena Local</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Development, New York</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Pilot Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Barclays Center Project)</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>6.25% 7/15/40-20&#167;</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>940,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>1,026,104</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>6.50% 7/15/30-20&#167;</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>300,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>328,974</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial>Butler County, Pennsylvania</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Hospital Authority Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Butler Health System</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Project) 7.125%</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>7/1/29-19<FONT size=2 face=Arial>&#167;</FONT></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>300,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>323,868</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial>California Municipal Finance</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority Mobile Home</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Park Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Caritas Project) Series A</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>6.40% 8/15/45-20&#167;</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>405,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>447,241</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial>California Statewide</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Communities Development</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority School Facility</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Aspire Public Schools)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>6.125% 7/1/46-19&#167;</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>625,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>653,937</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial>Central Texas Regional</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Mobility Authority Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Senior Lien 6.00%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp;</FONT>1/1/41-21<FONT size=2 face=Arial>&#167;</FONT></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>520,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>585,172</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial>Illinois Finance Authority</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Silver Cross &amp; Medical</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Centers) 7.00%</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>8/15/44-19<FONT size=2 face=Arial>&#167;</FONT></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>950,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>1,029,610</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial>JEA Electric System Revenue,</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Florida</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A 5.00%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>10/1/33-23<FONT size=2 face=Arial>&#167;</FONT></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>645,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>734,468</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial>Koyukuk, Alaska Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Tanana Chiefs Conference</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Health Care Facility Project)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>7.75% 10/1/41-19&#167;</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>300,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>330,834</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial>Louisiana Public Facilities</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Ochsner Clinic Foundation</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Project) 6.50%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5/15/37-21<FONT size=2 face=Arial>&#167;</FONT></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>105,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>121,197</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial>Maryland State Economic</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Development Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Transportation Facilities</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Project) Series A 5.75%</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>6/1/35-20<FONT size=2 face=Arial>&#167;</FONT></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>255,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>279,164</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial>Metropolitan Transit Authority</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>of Harris County, Texas</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A 5.00%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>11/1/24-21<FONT size=2 face=Arial>&#167;</FONT></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>559,110</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial>Metropolitan Transportation</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority Revenue, New</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>York</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A 5.00%</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>11/15/41-21<FONT size=2 face=Arial>&#167;</FONT></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>310,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>347,997</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A 5.00%</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>11/15/41-21<FONT size=2 face=Arial>&#167;</FONT></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>190,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>212,532</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial>Monroe County, New York</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Industrial Development</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Nazareth College</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Rochester Project) 5.50%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>10/1/41</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>495,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>561,785</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial>Monroe County, Pennsylvania</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Hospital Authority Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Pocono Medical Center)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A 5.00% 1/1/41-22&#167;</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>561,400</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial>New Hampshire Health and</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Education Facilities</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Authority Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Dartmouth - Hitchcock</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Medical Center) 6.00%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>8/1/38-19<FONT size=2 face=Arial>&#167;</FONT></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>300,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>321,162</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial>New Jersey Economic</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Development Authority</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(MSU Student Housing</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Project) 5.875%</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>6/1/42-20<FONT size=2 face=Arial>&#167;</FONT></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>450,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>484,434</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial>New Jersey Turnpike Authority</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A 5.00% 1/1/27-22&#167;</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>475,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>540,341</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A 5.00% 1/1/27-22&#167;</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>25,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>28,497</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial>New York, New York</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series I-1 5.375%</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" noWrap align=left><FONT size=2 face=Arial><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>4/1/36-19<FONT size=2 face=Arial>&#167;</FONT></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>185,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>193,848</FONT></TD></TR></TABLE></DIV>
<P STYLE="text-align: right"><FONT size=2 face=Arial><FONT style="COLOR: #808080">(continues)</FONT>&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT size=2 face=Arial>NQ-OV9 [12/17] 2/18 (421276) 5</FONT></P>

<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV>
<P style="TEXT-ALIGN: left"><FONT color=#b2b2b2 size=6 face=Arial>Schedule of investments</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT color=#b2b2b2 size=2 face=Arial>Delaware Investments<SUP>&#174; </SUP>National Municipal Income Fund (Unaudited)</FONT></B></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR vAlign=bottom>
   <TD width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
   <TD width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
   <TD width="89%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
   <TD width="3%" noWrap align=center><B><FONT size=2 face=Arial>Principal</FONT></B></TD>
   <TD width="1%" noWrap align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
   <TD width="4%" colSpan=2 noWrap align=center><B><FONT size=2 face=Arial>Value</FONT></B></TD></TR>
<TR vAlign=bottom>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="89%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="3%" noWrap align=center><B><FONT size=2 face=Arial>Amount&#176;</FONT></B></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=center></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="4%" colSpan=2 noWrap align=center><B><FONT size=2 face=Arial>(US $)</FONT></B></TD></TR>
<TR vAlign=bottom>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="91%" colSpan=3 noWrap align=left><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial>Municipal Bonds </FONT></B><FONT size=2 face=Arial>(continued)</FONT></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="95%" colSpan=5 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Pre-Refunded/Escrowed to Maturity Bonds (continued)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Ohio State</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>(Cleveland Clinic Health)</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Series A 5.50% 1/1/39-19&#167;</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>300,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial>$</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>311,952</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Oregon State Facilities</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Authority Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>(Concordia University</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Project) Series A 144A</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>6.125% 9/1/30-20#&#167;</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>100,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>109,558</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Pennsylvania State Higher</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Educational Facilities</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Authority Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>(Edinboro University</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Foundation) 5.80%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>7/1/30-20&#167;</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>400,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>440,712</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Pennsylvania Turnpike</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Commission Subordinate</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>(Special Motor License</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Foundation) Series B</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>5.00% 12/1/41-21&#167;</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>544,535</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>San Francisco, California City</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>&amp; County Public Utilities</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Commission Water</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Series F 5.00%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>11/1/27-20&#167;</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>546,950</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>University Medical Center,</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Tucson, Arizona Hospital</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>6.50% 7/1/39-19&#167;</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="3%" noWrap align=right><FONT size=2 face=Arial>535,575</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>13,145,144</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="91%" colSpan=3 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Special Tax Revenue Bonds &#8211; 12.34%</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Anne Arundel County,</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Maryland Special</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Obligation Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>(National Business Park -</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>North Project) 6.10%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>7/1/40</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>200,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>205,578</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Central Puget Sound,</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Washington Regional</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Transit Authority</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>(Green Bond -</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Improvement) Series S-1</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>5.00% 11/1/35</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>750,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>893,100</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Guam Government Business</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Privilege Tax Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Series A 5.00% 1/1/22</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>775,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>852,554</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Series B-1 5.00% 1/1/42</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>540,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>571,504</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Massachusetts Bay</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Transportation Authority</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Senior</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Series A 5.25% 7/1/29</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>200,000</FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>258,592</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Mosaic District, Virginia</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Community Development</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Authority Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Series A 6.875% 3/1/36</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>520,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>568,308</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>New Jersey Economic</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Development Authority</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>(Cigarette Tax)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>5.00% 6/15/28</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>200,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>215,938</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>5.00% 6/15/29</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>800,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>862,024</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>(School Facilities</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Construction) Series AA</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>5.50% 12/15/29</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>295,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>309,594</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>New York City, New York</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Transitional Finance</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Authority Future Tax</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Secured Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>(Future Tax Secured -</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Subordinated Fiscal)</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Series E-1 5.00% 2/1/41</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>745,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>874,615</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>New York State Dormitory</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Authority</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Series A 5.00% 3/15/33</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>1,000,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>1,135,260</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Northampton County,</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Pennsylvania Industrial</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Development Authority</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>(Route 33 Project) 7.00%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>7/1/32</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>205,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>238,468</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Public Finance Authority,</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Wisconsin Airport Facilities</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>(American Dream @</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Meadowlands Project)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>144A 7.00% 12/1/50 #</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>380,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>449,255</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Regional Transportation</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>District, Colorado Tax</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>(Denver Transit Partners)</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>6.00% 1/15/41</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>547,340</FONT></TD></TR></TABLE>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial>6 NQ-OV9 [12/17] 2/18 (421276)</FONT></P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always"></DIV>


<P style="TEXT-ALIGN: left"><B><FONT color=#b2b2b2 size=2 face=Arial>(Unaudited)</FONT></B></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR vAlign=bottom>
   <TD width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
   <TD width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
   <TD width="89%" noWrap align=left></TD>
   <TD width="1%" noWrap align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
   <TD width="3%" noWrap align=center><B><FONT size=2 face=Arial>Principal</FONT></B></TD>
   <TD width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
   <TD width="4%" colSpan=2 noWrap align=center><B><FONT size=2 face=Arial>Value</FONT></B></TD></TR>
<TR vAlign=bottom>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="89%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=center><B><FONT size=2 face=Arial></FONT></B></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="3%" noWrap align=center><B><FONT size=2 face=Arial>Amount&#176;</FONT></B></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="4%" colSpan=2 noWrap align=center><B><FONT size=2 face=Arial>(US $)</FONT></B></TD></TR>
<TR vAlign=bottom>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="91%" colSpan=3 noWrap align=left><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial>Municipal Bonds </FONT></B><FONT size=2 face=Arial>(continued)</FONT></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="95%" colSpan=5 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Special Tax Revenue Bonds (continued)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Wyandotte County, Kansas</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>City, Kansas Unified</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Government Special</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Obligation Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>(Sales Tax &#150; Vacation Village</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Project A) Series A 5.75%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>9/1/32</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>235,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial>$</FONT></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>238,906</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="89%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="3%" noWrap align=right><FONT size=2 face=Arial>8,221,036</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="95%" colSpan=5 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>State General Obligation Bonds &#150; 5.21%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>California State</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>5.25% 11/1/40</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>320,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>350,112</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>(Various Purposes)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>5.00% 10/1/41</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>440,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>489,570</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>5.00% 11/1/47</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>1,000,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>1,202,120</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>6.00% 4/1/38</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>105,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>110,720</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Illinois State</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>5.00% 5/1/36</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>90,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>94,726</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>5.00% 2/1/39</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>160,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>167,848</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Series A 5.00% 4/1/38</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>170,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>177,470</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>New York State</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Series A 5.00% 2/15/39</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>300,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>310,731</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Oregon State</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Series K 5.00% 5/1/22</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>568,550</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="89%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="1%" noWrap align=left></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="3%" noWrap align=right><FONT size=2 face=Arial>3,471,847</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="95%" colSpan=5 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Transportation Revenue Bonds &#150; 24.43%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Alameda Corridor, California</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Transportation Authority</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>(2nd Sub Lien) Series B</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>5.00% 10/1/37</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>430,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>496,413</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Atlanta, Georgia Department</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>of Aviation</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Series B 5.00% 1/1/29</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>1,000,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>1,172,380</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Chicago, Illinois O&#8217;Hare</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>International Airport</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Revenue</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>(General-Senior Lien)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Series D 5.25% 1/1/34</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>1,000,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>1,137,430</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>New Jersey Turnpike Authority</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Series B 5.00% 1/1/40</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>250,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>297,420</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Series G Series G 4.00%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>1/1/43</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>305,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>325,462</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>New Orleans, Louisiana</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Aviation Board</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Series B 5.00% 1/1/45</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>(AMT)</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>1,000,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>1,124,670</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>New York Liberty</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Development Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>(1 World Trade Center Port</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Authority Construction)</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>5.00% 12/15/41</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>553,480</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>New York Transportation</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Development</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>(La Guardia Airport)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Series A 5.25% 1/1/50</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>(AMT)</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>700,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>777,910</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>North Texas Tollway Authority</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>(1st Tier) Series A 5.00%</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>1/1/43</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>1,000,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>1,180,120</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Pennsylvania Turnpike</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Commission Subordinate</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Series A-1 5.00% 12/1/43</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>557,690</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Series A-1 5.00% 12/1/47</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>210,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>245,381</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Port Authority of Allegheny</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>County, Pennsylvania</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>5.75% 3/1/29</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>900,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>1,008,738</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Port Authority of New York &amp;</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>New Jersey Special Project</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>(JFK International Air</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Terminal)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>6.00% 12/1/42</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>230,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>255,955</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>6.50% 12/1/28</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>500,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>524,080</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Salt Lake City, Utah Airport</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Series B 5.00% 7/1/42</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>625,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>738,937</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>South Jersey Port, New Jersey</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>(Subordinated Marine</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Terminal Revenue)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Series A 5.00% 1/1/49</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>85,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>93,713</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Series B 5.00% 1/1/42</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>(AMT)</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>85,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>93,342</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Series B 5.00% 1/1/48</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>(AMT)</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>195,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>213,628</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>St. Louis, Missouri Airport</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Revenue</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>(Lambert St. Louis</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>International)</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>5.00% 7/1/32 (AMT)</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>1,000,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>1,091,860</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="89%" noWrap align=left><FONT size=2 face=Arial>Series A-1 6.625% 7/1/34</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>325,000</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=left></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="3%" noWrap align=right><FONT size=2 face=Arial>347,519</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="90%" colSpan=2 noWrap align=left><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Texas Private Activity Bond</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Surface Transportation</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>(Senior Lien &#150; Blueridge</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>Transportation)</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>5.00% 12/31/40 (AMT)</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>110,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>122,801</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD width="89%" noWrap align=left><FONT size=2 face=Arial>5.00% 12/31/45 (AMT)</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>110,000</FONT></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="1%" noWrap align=left></TD>
   <TD width="3%" noWrap align=right><FONT size=2 face=Arial>122,392</FONT></TD></TR></TABLE>

<P style="TEXT-ALIGN: right"><FONT color=#808080 size=2 face=Arial>(continues)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT size=2 face=Arial>NQ-OV9 [12/17] 2/18 (421276) 7</FONT></P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always"></DIV>


<P style="TEXT-ALIGN: left"><FONT color=#b2b2b2 size=6 face=Arial>Schedule of investments</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT color=#b2b2b2 size=2 face=Arial>Delaware Investments<SUP>&#174; </SUP>National Municipal Income Fund (Unaudited)</FONT></B></P>
<TABLE style="BORDER-COLLAPSE: collapse; LINE-HEIGHT: 14pt" cellSpacing=0 cellPadding=0 width="100%" border=0>



<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>

   <TD NOWRAP STYLE="width: 92%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>

   <TD NOWRAP STYLE="width: 1%; text-align: center"><B><FONT size=2 face=Arial>Principal</FONT></B></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>

   <TD COLSPAN="2" NOWRAP STYLE="width: 2%; text-align: center"><B><FONT size=2 face=Arial>Value</FONT></B></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: center"><B><FONT size=2 face=Arial></FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD NOWRAP STYLE="width: 92%; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: center; border-bottom: Black 1pt solid"><B><FONT size=2 face=Arial>Amount&#176;</FONT></B></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: center; border-bottom: Black 1pt solid"></TD>

   <TD COLSPAN="2" NOWRAP STYLE="width: 2%; text-align: center; border-bottom: Black 1pt solid"><B><FONT size=2 face=Arial>(US $)</FONT></B></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: center; border-bottom: Black 1pt solid"><B><FONT size=2 face=Arial></FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD COLSPAN="3" NOWRAP STYLE="background-color: #c0c0c0; width: 94%; text-align: left; border-bottom: Black 1pt solid"><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial>Municipal Bonds </FONT></B><FONT size=2 face=Arial>(continued)</FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left; background-color: Silver; border-bottom: Black 1pt solid"></TD></TR>

<TR vAlign=bottom>

   <TD COLSPAN="5" NOWRAP STYLE="width: 96%; text-align: left"><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Transportation Revenue Bonds (continued)</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD COLSPAN="2" NOWRAP STYLE="background-color: #c0c0c0; width: 93%; text-align: left"><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Texas Private Activity Bond</FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; background-color: #c0c0c0; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%; background-color: Silver"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 92%; text-align: left"><FONT size=2 face=Arial>Surface Transportation</FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; background-color: #c0c0c0; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%; background-color: Silver"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 92%; text-align: left"><FONT size=2 face=Arial>5.00% 12/31/50&nbsp;(AMT)</FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"><FONT size=2 face=Arial>160,000</FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial>$</FONT></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: right; background-color: #c0c0c0; width: 1%"><FONT size=2 face=Arial>177,434</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; background-color: Silver"><FONT size=2 face=Arial></FONT></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 92%; text-align: left"><FONT size=2 face=Arial>5.00% 12/31/55&nbsp;(AMT)</FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"><FONT size=2 face=Arial>160,000</FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: right; background-color: #c0c0c0; width: 1%"><FONT size=2 face=Arial>176,845</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; background-color: Silver"><FONT size=2 face=Arial></FONT></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD COLSPAN="2" NOWRAP STYLE="width: 93%; text-align: left"><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Texas Private Activity Bond</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 92%; text-align: left"><FONT size=2 face=Arial>Surface Transportation</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 92%; text-align: left"><FONT size=2 face=Arial>Corporate Senior Lien</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 92%; text-align: left"><FONT size=2 face=Arial>Revenue</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 92%; text-align: left"><FONT size=2 face=Arial>(LBJ Infrastructure)</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 92%; text-align: left"><FONT size=2 face=Arial>7.00% 6/30/40</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"><FONT size=2 face=Arial>285,000</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: right; width: 1%"><FONT size=2 face=Arial>318,730</FONT></TD>

   <TD NOWRAP STYLE="width: 1%"><FONT size=2 face=Arial></FONT></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 92%; text-align: left"><FONT size=2 face=Arial>7.50% 6/30/33</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"><FONT size=2 face=Arial>665,000</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: right; width: 1%"><FONT size=2 face=Arial>753,638</FONT></TD>

   <TD NOWRAP STYLE="width: 1%"><FONT size=2 face=Arial></FONT></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 92%; text-align: left"><FONT size=2 face=Arial>(Mobility Partners) 7.50%</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 92%; text-align: left"><FONT size=2 face=Arial>12/31/31</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"><FONT size=2 face=Arial>500,000</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: right; width: 1%"><FONT size=2 face=Arial>554,960</FONT></TD>

   <TD NOWRAP STYLE="width: 1%"><FONT size=2 face=Arial></FONT></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 92%; text-align: left"><FONT size=2 face=Arial>(NTE Mobility Partners)</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 92%; text-align: left"><FONT size=2 face=Arial>6.75% 6/30/43&nbsp;(AMT)</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"><FONT size=2 face=Arial>225,000</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: right; width: 1%"><FONT size=2 face=Arial>264,519</FONT></TD>

   <TD NOWRAP STYLE="width: 1%"><FONT size=2 face=Arial></FONT></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 92%; text-align: left"><FONT size=2 face=Arial>6.875% 12/31/39</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"><FONT size=2 face=Arial>1,000,000</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: right; width: 1%"><FONT size=2 face=Arial>1,094,850</FONT></TD>

   <TD NOWRAP STYLE="width: 1%"><FONT size=2 face=Arial></FONT></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 92%; text-align: left"><FONT size=2 face=Arial>7.00% 12/31/38&nbsp;(AMT)</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"><FONT size=2 face=Arial>165,000</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: right; width: 1%"><FONT size=2 face=Arial>196,749</FONT></TD>

   <TD NOWRAP STYLE="width: 1%"><FONT size=2 face=Arial></FONT></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD COLSPAN="2" NOWRAP STYLE="background-color: #c0c0c0; width: 93%; text-align: left"><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Virginia Small Business</FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; background-color: #c0c0c0; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%; background-color: Silver"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 92%; text-align: left"><FONT size=2 face=Arial>Financing Authority</FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; background-color: #c0c0c0; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%; background-color: Silver"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 92%; text-align: left"><FONT size=2 face=Arial>(Transform 66 P3 Project)</FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; background-color: #c0c0c0; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%; background-color: Silver"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 92%; text-align: left"><FONT size=2 face=Arial>5.00% 12/31/56&nbsp;(AMT)</FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"><FONT size=2 face=Arial>235,000</FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: right; background-color: #c0c0c0; width: 1%; border-bottom: Black 1pt solid"><FONT size=2 face=Arial>263,259</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; background-color: Silver"><FONT size=2 face=Arial></FONT></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 92%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: right; width: 1%; border-bottom: Black 1pt solid"><FONT size=2 face=Arial>16,282,305</FONT></TD>

   <TD NOWRAP STYLE="width: 1%"><FONT size=2 face=Arial></FONT></TD></TR>

<TR vAlign=bottom>

   <TD COLSPAN="5" NOWRAP STYLE="background-color: #c0c0c0; width: 96%; text-align: left"><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Water &amp; Sewer Revenue Bonds &#8211; 4.50%</FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; background-color: #c0c0c0; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%; background-color: Silver"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD COLSPAN="2" NOWRAP STYLE="width: 93%; text-align: left"><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>City of Chicago, Illinois</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 92%; text-align: left"><FONT size=2 face=Arial>Waterworks Revenue</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 92%; text-align: left"><FONT size=2 face=Arial>(2nd Lien) 5.00% 11/1/29</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"><FONT size=2 face=Arial>280,000</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: right; width: 1%"><FONT size=2 face=Arial>324,078</FONT></TD>

   <TD NOWRAP STYLE="width: 1%"><FONT size=2 face=Arial></FONT></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD COLSPAN="2" NOWRAP STYLE="background-color: #c0c0c0; width: 93%; text-align: left"><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Massachusetts Water</FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; background-color: #c0c0c0; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%; background-color: Silver"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 92%; text-align: left"><FONT size=2 face=Arial>Resources Authority</FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; background-color: #c0c0c0; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%; background-color: Silver"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 92%; text-align: left"><FONT size=2 face=Arial>(Green Bond) Series B</FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; background-color: #c0c0c0; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%; background-color: Silver"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 92%; text-align: left"><FONT size=2 face=Arial>4.00% 8/1/36</FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"><FONT size=2 face=Arial>500,000</FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: right; background-color: #c0c0c0; width: 1%"><FONT size=2 face=Arial>547,060</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; background-color: Silver"><FONT size=2 face=Arial></FONT></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD COLSPAN="2" NOWRAP STYLE="width: 93%; text-align: left"><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>New York City Water &amp; Sewer</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 92%; text-align: left"><FONT size=2 face=Arial>System, New York</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 92%; text-align: left"><FONT size=2 face=Arial>(2nd Generation Fiscal</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 92%; text-align: left"><FONT size=2 face=Arial>2013) Series CC 5.00%</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 92%; text-align: left"><FONT size=2 face=Arial>6/15/47</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"><FONT size=2 face=Arial>345,000</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: right; width: 1%"><FONT size=2 face=Arial>392,645</FONT></TD>

   <TD NOWRAP STYLE="width: 1%"><FONT size=2 face=Arial></FONT></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD COLSPAN="2" NOWRAP STYLE="background-color: #c0c0c0; width: 93%; text-align: left"><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Philadelphia, Pennsylvania</FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; background-color: #c0c0c0; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%; background-color: Silver"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 92%; text-align: left"><FONT size=2 face=Arial>Water &amp; Wastewater</FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; background-color: #c0c0c0; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%; background-color: Silver"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 92%; text-align: left"><FONT size=2 face=Arial>Revenue</FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; background-color: #c0c0c0; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%; background-color: Silver"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 92%; text-align: left"><FONT size=2 face=Arial>Series A 5.00% 7/1/45</FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"><FONT size=2 face=Arial>500,000</FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: right; background-color: #c0c0c0; width: 1%"><FONT size=2 face=Arial>572,570</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; background-color: Silver"><FONT size=2 face=Arial></FONT></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD COLSPAN="2" NOWRAP STYLE="width: 93%; text-align: left"><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>Southern California Water</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 92%; text-align: left"><FONT size=2 face=Arial>Replenishment District</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 92%; text-align: left"><FONT size=2 face=Arial>5.00% 8/1/41</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"><FONT size=2 face=Arial>1,000,000</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: right; width: 1%; border-bottom: Black 1pt solid"><FONT size=2 face=Arial>1,162,590</FONT></TD>

   <TD NOWRAP STYLE="width: 1%"><FONT size=2 face=Arial></FONT></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 92%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: right; background-color: #c0c0c0; width: 1%; border-bottom: Black 1pt solid"><FONT size=2 face=Arial>2,998,943</FONT></TD>

   <TD NOWRAP STYLE="width: 1%; background-color: Silver"><FONT size=2 face=Arial></FONT></TD></TR>

<TR vAlign=bottom>

   <TD COLSPAN="3" NOWRAP STYLE="width: 94%; text-align: left"><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial>Total Municipal Bonds</FONT></B></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="background-color: #ffffff; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD COLSPAN="2" NOWRAP STYLE="background-color: #ffffff; width: 93%; text-align: left"><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>(cost $88,977,535)</FONT></TD>

   <TD NOWRAP STYLE="background-color: #ffffff; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #ffffff; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #ffffff; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #ffffff; width: 1%; text-align: left; border-bottom: Black 1pt solid"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: right; background-color: #ffffff; width: 1%; border-bottom: Black 1pt solid"><B><FONT size=2 face=Arial>95,405,543</FONT></B></TD>

   <TD NOWRAP STYLE="width: 1%"><B><FONT size=2 face=Arial></FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="background-color: #ffffff; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #ffffff; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD NOWRAP STYLE="background-color: #ffffff; width: 92%; text-align: left"><FONT size=2 face=Arial>&nbsp;</FONT></TD>

   <TD NOWRAP STYLE="background-color: #ffffff; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #ffffff; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #ffffff; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="background-color: #ffffff; width: 1%; text-align: left"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: right; background-color: #ffffff; width: 1%"><B><FONT size=2 face=Arial></FONT></B></TD>

   <TD NOWRAP STYLE="width: 1%"><B><FONT size=2 face=Arial></FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD COLSPAN="3" NOWRAP STYLE="background-color: #c0c0c0; width: 94%; text-align: left"><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial>Total Value of Securities &#8211; 143.17%</FONT></B></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; background-color: #c0c0c0; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%; background-color: Silver"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><FONT size=2 face=Arial></FONT></TD>

   <TD COLSPAN="2" NOWRAP STYLE="background-color: #c0c0c0; width: 93%; text-align: left"><FONT size=2 face=Arial></FONT><FONT size=2 face=Arial>(cost $88,977,535)</FONT></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"><B><FONT size=2 face=Arial></FONT></B></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"><B><FONT size=2 face=Arial></FONT></B></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"><B><FONT size=2 face=Arial></FONT></B></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"><B><FONT size=2 face=Arial></FONT></B></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: right; background-color: #c0c0c0; width: 1%"><B><FONT size=2 face=Arial>95,405,543</FONT></B></TD>

   <TD NOWRAP STYLE="width: 1%; background-color: Silver"><B><FONT size=2 face=Arial></FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD COLSPAN="3" NOWRAP STYLE="width: 94%; text-align: left"><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial>Liquidation Value of</FONT></B></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><B><FONT size=2 face=Arial></FONT></B></TD>

   <TD COLSPAN="2" NOWRAP STYLE="width: 93%; text-align: left"><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial>Preferred</FONT></B></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><B><FONT size=2 face=Arial></FONT></B></TD>

   <TD COLSPAN="2" NOWRAP STYLE="width: 93%; text-align: left"><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial>Stock &#8211; (45.02%)</FONT></B></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: right; width: 1%"><B><FONT size=2 face=Arial>(30,000,000</FONT></B></TD>

   <TD NOWRAP STYLE="width: 1%"><B><FONT size=2 face=Arial>)</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD COLSPAN="3" NOWRAP STYLE="background-color: #c0c0c0; width: 94%; text-align: left"><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial>Receivables and Other</FONT></B></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; background-color: #c0c0c0; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%; background-color: Silver"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><B><FONT size=2 face=Arial></FONT></B></TD>

   <TD COLSPAN="2" NOWRAP STYLE="background-color: #c0c0c0; width: 93%; text-align: left"><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial>Assets Net of</FONT></B></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; background-color: #c0c0c0; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%; background-color: Silver"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: left"><B><FONT size=2 face=Arial></FONT></B></TD>

   <TD COLSPAN="2" NOWRAP STYLE="background-color: #c0c0c0; width: 93%; text-align: left"><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial>Liabilities &#8211; 1.85%</FONT></B></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="background-color: #c0c0c0; width: 1%; text-align: right; border-bottom: Black 1pt solid"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: right; background-color: #c0c0c0; width: 1%; border-bottom: Black 1pt solid"><B><FONT size=2 face=Arial>1,234,112</FONT></B></TD>

   <TD NOWRAP STYLE="width: 1%; background-color: Silver"><B><FONT size=2 face=Arial></FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD COLSPAN="3" NOWRAP STYLE="width: 94%; text-align: left"><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial>Net Assets Applicable to</FONT></B></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><B><FONT size=2 face=Arial></FONT></B></TD>

   <TD COLSPAN="2" NOWRAP STYLE="width: 93%; text-align: left"><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial>4,528,443 Shares</FONT></B></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: left; width: 1%"></TD>

   <TD NOWRAP STYLE="width: 1%"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left"><B><FONT size=2 face=Arial></FONT></B></TD>

   <TD COLSPAN="2" NOWRAP STYLE="width: 93%; text-align: left"><B><FONT size=2 face=Arial></FONT></B><B><FONT size=2 face=Arial>Outstanding &#8211; 100.00%</FONT></B></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"><B><U><FONT size=2 face=Arial></FONT></U></B></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"><B><U><FONT size=2 face=Arial></FONT></U></B></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right"><B><U><FONT size=2 face=Arial></FONT></U></B></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right; border-bottom: Black 1pt solid"><B><FONT size=2 face=Arial>$</FONT></B></TD>

   <TD NOWRAP STYLE="width: 2%; text-align: right; width: 1%; border-bottom: Black 1pt solid"><B><FONT size=2 face=Arial>66,639,655</FONT></B></TD>

   <TD NOWRAP STYLE="width: 1%"><B><FONT size=2 face=Arial></FONT></B></TD></TR></TABLE>

<DIV>____________________</DIV><BR>
<TABLE style="LINE-HEIGHT: normal; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR vAlign=bottom>
   <TD STYLE="vertical-align: top; width: 1%; text-align: left; padding-right: 4pt; padding-bottom: 4pt"><FONT size=2 face=Arial>#</FONT></TD>
   <TD STYLE="vertical-align: top; width: 99%; text-align: left; padding-bottom: 4pt"><FONT size=2 face=Arial>Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At Dec. 31, 2017, the aggregate value of Rule 144A securities was $3,140,343, which represents 4.71% of the Fund&#8217;s net assets.</FONT></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="vertical-align: top; width: 1%; text-align: left; padding-right: 4pt; padding-bottom: 4pt"><FONT size=2 face=Arial>&#167;</FONT></TD>
   <TD STYLE="vertical-align: top; width: 99%; text-align: left; padding-bottom: 4pt"><FONT size=2 face=Arial>Pre-refunded bonds. Municipal bonds that are generally backed or secured by US Treasury bonds. For pre-refunded bonds, the stated maturity is followed by the year in which the bond is pre-refunded. </FONT></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="vertical-align: top; width: 1%; text-align: left; padding-right: 4pt; padding-bottom: 4pt"><FONT size=2 face=Arial>&#176;</FONT></TD>
   <TD STYLE="vertical-align: top; width: 99%; text-align: left; padding-bottom: 4pt"><FONT size=2 face=Arial>Principal amount shown is stated in US dollars unless noted that the security is denominated in another currency.</FONT></TD></TR>
<TR vAlign=bottom>
   <TD STYLE="vertical-align: top; width: 1%; text-align: left; padding-right: 4pt"><FONT size=2 face=Arial>&#9679;</FONT></TD>
   <TD vAlign=top width="99%" align=left><FONT size=3 face=Arial></FONT><FONT size=2 face=Arial><FONT size=2 face=Arial>Variable
   rate investment. Rates reset periodically. Rates shown reflect the rate in effect at Dec. 31, 2017. For securities based on
   a    published reference rate and spread, the reference rate and spread are indicated in their description above. Certain
   variable    rate securities are not based on a published reference rate and spread but are determined by the issuer or agent
   and are    based on current market conditions.</FONT> These securities do not indicate a reference rate and spread in their
   description    above.</FONT></TD></TR></TABLE>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial>AMT &#8211; Subject to Alternative Minimum Tax</FONT></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial>See accompanying notes.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial>8 NQ-OV9 [12/17] 2/18 (421276)</FONT></P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always"></DIV>


<P style="TEXT-ALIGN: left"><FONT size=6 face=Arial>Notes<BR></FONT><FONT size=2 face=Arial>Delaware Investments<SUP>&#174; </SUP>National Municipal Income Fund <BR></FONT><FONT size=2 face=Arial>December 31, 2017 (Unaudited)</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial>1. Significant Accounting Policies</FONT></B></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial>The following accounting policies are in accordance with US generally accepted accounting principles (US GAAP) and are consistently followed by Delaware Investments National Municipal Income Fund (Fund). This report covers the period of time since the Fund&#8217;s last fiscal year end.</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial>Security Valuation </FONT></B><FONT size=2 face=Arial>&#8212; Debt securities are valued based upon valuations provided by an independent pricing service or broker and reviewed by management. To the extent current market prices are not available, the pricing service may take into account developments related to the specific security, as well as transactions in comparable securities. Valuations for fixed income securities utilize matrix systems, which reflect such factors as security prices, yields, maturities, and ratings, and are supplemented by dealer and exchange quotations. Generally, other securities and assets for which market quotations are not readily available are valued at fair value as determined in good faith under the direction of the Fund&#8217;s Board of Trustees (Board). In determining whether market quotations are readily available or fair valuation will be used, various factors will be taken into consideration, such as market closures or suspension of trading in a security. The foregoing valuation policies apply to restricted and unrestricted securities.</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial>2. Investments</FONT></B></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial>US GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. A three-level hierarchy for fair value measurements has been established based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity&#8217;s own assumptions about the assumptions that market participants would use in pricing the asset or liability developed based on the best information available under the circumstances. The Fund&#8217;s investment in its entirety is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-level hierarchy of inputs is summarized below.</FONT></P>
<DIV align=left>
<TABLE style="LINE-HEIGHT: normal" cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR vAlign=bottom>
   <TD vAlign=top width="1%" noWrap align=left><FONT size=2 face=Arial>Level 1 <FONT size=2 face=Arial>&#8211; </FONT></FONT></TD>
   <TD vAlign=top width="99%" align=left>

   <P style="TEXT-ALIGN: left"><FONT size=2 face=Arial>Inputs are quoted prices in active markets for identical investments. (Examples: equity securities, open-end investment companies, futures contracts, exchange-traded options contracts)</FONT></P></TD></TR>
<TR vAlign=bottom>
   <TD vAlign=top width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD vAlign=top width="99%" align=left>

&nbsp;</TD></TR>
<TR vAlign=bottom>
   <TD vAlign=top width="1%" noWrap align=left><FONT size=2 face=Arial>Level 2 <FONT size=2 face=Arial>&#8211;&nbsp;</FONT></FONT></TD>
   <TD vAlign=top width="99%" align=left>

   <P style="TEXT-ALIGN: left"><FONT size=2 face=Arial>Other observable inputs, including, but not limited to: quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, and default rates) or other market-corroborated inputs. (Examples: debt securities, government securities, swap contracts, foreign currency exchange contracts, foreign securities utilizing international fair value pricing, broker-quoted securities, fair valued securities)</FONT></P></TD></TR>
<TR vAlign=bottom>
   <TD vAlign=top width="1%" noWrap align=left><FONT size=2 face=Arial></FONT></TD>
   <TD vAlign=top width="99%" align=left>
   &nbsp;</TD></TR>
<TR vAlign=bottom>
   <TD vAlign=top width="1%" noWrap align=left><FONT size=2 face=Arial>Level 3 <FONT size=2 face=Arial>&#8211; </FONT></FONT></TD>
   <TD vAlign=top width="99%" align=left>

   <P style="TEXT-ALIGN: left"><FONT size=2 face=Arial>Significant unobservable inputs, including the Fund&#8217;s own assumptions used to determine the fair value of investments. (Examples: broker-quoted securities, fair valued securities)</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial>Level 3 investments are valued using significant unobservable inputs. The Fund may also use an income-based valuation approach in which the anticipated future cash flows of the investment are discounted to calculate fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the investments. Valuations may also be based upon current market prices of securities that are comparable in coupon, rating, maturity, and industry. The derived value of a Level 3 investment may not represent the value which is received upon disposition and this could impact the results of operations.</FONT></P>
<P style="TEXT-ALIGN: right"><FONT color=#808080 size=2 face=Arial>(continues)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT size=2 face=Arial>NQ-OV9 [12/17] 2/18 (421276) 9</FONT></P>
<DIV></DIV>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always"></DIV>


<P style="TEXT-ALIGN: left"><FONT color=#b2b2b2 size=6 face=Arial>Notes<BR></FONT><FONT color=#b2b2b2 size=2 face=Arial>December 31, 2017 (Unaudited)</FONT></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial>The following table summarizes the valuation of the Fund&#8217;s investments by fair value hierarchy levels as of Dec. 31, 2017:</FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR vAlign=bottom>
   <TD width="97%" noWrap align=left><FONT style="BORDER-BOTTOM: #000000 1pt solid" size=2 face=Arial>Securities</FONT></TD>
   <TD width="1%" noWrap align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="2%" noWrap align=center><FONT size=2 face=Arial>Level 2</FONT></TD></TR>
<TR vAlign=bottom>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="97%" noWrap align=left><FONT style="BORDER-BOTTOM: #000000 1pt solid" size=2 face=Arial>Assets:</FONT></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right></TD>
   <TD style="BACKGROUND-COLOR: #c0c0c0" width="2%" noWrap align=left></TD></TR>
<TR vAlign=bottom>
   <TD width="97%" noWrap align=left><FONT size=2 face=Arial>Municipal Bonds</FONT></TD>
   <TD width="1%" noWrap align=right><FONT size=2 face=Arial></FONT></TD>
   <TD width="2%" noWrap align=center><FONT size=2 face=Arial><FONT size=2 face=Arial>$</FONT>95,405,543</FONT></TD></TR></TABLE>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial>During the period ended Dec. 31, 2017, there were no transfers between Level 1 investments, Level 2 investments, or Level 3 investments that had a material impact to the Fund. The Fund&#8217;s policy is to recognize transfers based on fair value between levels at the beginning of the reporting period.</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial>3. Subsequent Events</FONT></B></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial>Management has determined that no material events or transactions occurred subsequent to Dec. 31, 2017 that would require recognition or disclosure in the Fund&#8217;s &#8220;Schedule of investments.&#8221;</FONT></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial>10 NQ-OV9 [12/17] 2/18 (421276)</FONT></P>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV>


<P STYLE="text-align: justify"><B><FONT size=2 face="Times New Roman">Item 2. Controls and Procedures.</FONT></B></P>
<P STYLE="text-align: justify; text-indent: 15pt"><FONT size=2 face="Times New Roman">The registrant&#8217;s principal executive officer and principal financial officer have evaluated the registrant&#8217;s disclosure controls and procedures within 90 days of the filing of this report and have concluded that they are effective in providing reasonable assurance that the information required to be disclosed by the registrant in its reports or statements filed under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission.</FONT></P>
<P STYLE="text-align: justify; text-indent: 15pt"><FONT size=2 face="Times New Roman">There were no significant changes in the registrant&#8217;s internal control over financial reporting that occurred during the registrant&#8217;s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant&#8217;s internal control over financial reporting.</FONT></P>
<P STYLE="text-align: justify"><B><FONT size=2 face="Times New Roman">Item 3. Exhibits.</FONT></B></P>
<P STYLE="text-align: justify; text-indent: 15pt"><FONT size=2 face="Times New Roman">File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)), exactly as set forth below:</FONT></P>
<HR align=center SIZE=2 width="100%" noShade>


</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>mimnmif3386151-ex99cert.htm
<DESCRIPTION>CERTIFICATION
<TEXT>

<HTML>
<HEAD>
   <TITLE></TITLE>
</HEAD>

<BODY bgcolor=#ffffff>

<P style="TEXT-ALIGN: center"><B><U><FONT size=2 face="Times New Roman">CERTIFICATION</FONT></U></B></P>
<P style="TEXT-ALIGN: justify"><FONT size=2 face="Times New Roman">I, Shawn K. Lytle, certify that:</FONT></P>
<TABLE style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; LINE-HEIGHT: normal" cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 13pt" noWrap><FONT size=2 face="Times New Roman">1.<SUP>&nbsp;</SUP></FONT></TD>
   <TD style="WIDTH: 99%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt" colSpan=2 align=left><FONT size=2 face="Times New Roman"></FONT>
   <P align=justify><FONT size=2 face="Times New Roman">I have reviewed this report on Form N-Q of Delaware Investments<SUP>&#174;&nbsp;</SUP>National Municipal
Income Fund;</FONT></P></TD></TR>
<TR>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 13pt" noWrap><FONT size=2 face="Times New Roman">2.</FONT></TD>
   <TD style="WIDTH: 99%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt" colSpan=2 align=left><FONT size=2 face="Times New Roman"></FONT>
   <P align=justify><FONT size=2 face="Times New Roman">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</FONT></P></TD></TR>
<TR>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 13pt" noWrap><FONT size=2 face="Times New Roman">3.</FONT></TD>
   <TD style="WIDTH: 99%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt" colSpan=2 align=left><FONT size=2 face="Times New Roman"></FONT>
   <P align=justify><FONT size=2 face="Times New Roman">Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;</FONT></P></TD></TR>
<TR>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 13pt" noWrap><FONT size=2 face="Times New Roman">4.</FONT></TD>
   <TD style="WIDTH: 99%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt" colSpan=2 align=left><FONT size=2 face="Times New Roman"></FONT>
   <P align=justify><FONT size=2 face="Times New Roman">The registrant&#8217;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></TD></TR>
<TR>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 13pt" noWrap><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 15pt" noWrap align=left><FONT size=2 face="Times New Roman">(a)</FONT></TD>
   <TD style="WIDTH: 98%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt" align=left>
   <P align=justify><FONT size=2 face="Times New Roman">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</FONT></P></TD></TR>
<TR>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 13pt" noWrap><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 15pt" noWrap align=left><FONT size=2 face="Times New Roman">(b)</FONT></TD>
   <TD style="WIDTH: 98%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt" align=left>
   <P align=justify><FONT size=2 face="Times New Roman">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></TD></TR>
<TR>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 13pt" noWrap><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 15pt" noWrap align=left><FONT size=2 face="Times New Roman">(c)</FONT></TD>
   <TD style="WIDTH: 98%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt" align=left>
   <P align=justify><FONT size=2 face="Times New Roman">Evaluated the effectiveness of the registrant&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and</FONT></P></TD></TR>
<TR>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 13pt" noWrap><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 15pt" noWrap align=left><FONT size=2 face="Times New Roman">(d)</FONT></TD>
   <TD style="WIDTH: 98%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt" align=left>
   <P align=justify><FONT size=2 face="Times New Roman">Disclosed in this report any change in the registrant&#8217;s internal control over financial reporting that occurred during the registrant&#8217;s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant&#8217;s internal control over financial reporting; and</FONT></P></TD></TR>
<TR>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 13pt" noWrap><FONT size=2 face="Times New Roman">5.</FONT></TD>
   <TD style="WIDTH: 99%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt" colSpan=2 align=left><FONT size=2 face="Times New Roman"></FONT>
   <P align=justify><FONT size=2 face="Times New Roman">The registrant&#8217;s other certifying officer(s) and I have disclosed to the registrant&#8217;s auditors and the audit committee of the registrant&#8217;s board of directors (or persons performing the equivalent functions):</FONT></P></TD></TR>
<TR>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 13pt" noWrap><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 15pt" noWrap align=left><FONT size=2 face="Times New Roman">(a)</FONT></TD>
   <TD style="WIDTH: 98%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt" align=left>
   <P align=justify><FONT size=2 face="Times New Roman">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&#8217;s ability to record, process, summarize, and report financial information; and</FONT></P></TD></TR>
<TR>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-RIGHT: 13pt" noWrap><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-RIGHT: 15pt" noWrap align=left><FONT size=2 face="Times New Roman">(b)</FONT></TD>
   <TD vAlign=top width="98%" align=left>
   <P align=justify><FONT size=2 face="Times New Roman"></FONT></P>
   <P align=justify><FONT size=2 face="Times New Roman">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#8217;s internal control over financial reporting. </FONT></P></TD></TR></TABLE><BR>
<TABLE style="WIDTH: 10%; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 border=0>

<TR vAlign=bottom>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="100%" colSpan=2 noWrap align=left><FONT size=2 face="Times New Roman">SHAWN K. LYTLE</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">By:</FONT></TD>
   <TD width="99%" noWrap align=left><FONT size=2 face="Times New Roman">Shawn K. Lytle</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">Title:&nbsp; </FONT></TD>
   <TD width="99%" noWrap align=left><FONT size=2 face="Times New Roman">President and Chief Executive Officer&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">Date: </FONT></TD>
   <TD width="99%" noWrap align=left><FONT size=2 face="Times New Roman">February 27, 2018</FONT></TD></TR></TABLE>
<BR>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always"></DIV>


<P style="TEXT-ALIGN: center"><B><U><FONT size=2 face="Times New Roman">CERTIFICATION</FONT></U></B></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">I, Richard Salus, certify that:</FONT></P>
<TABLE style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; LINE-HEIGHT: normal" cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 13pt" noWrap><FONT size=2 face="Times New Roman">1.<SUP>&nbsp;</SUP></FONT></TD>
   <TD style="WIDTH: 99%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt" colSpan=2 align=left><FONT size=2 face="Times New Roman"></FONT>
   <P align=justify><FONT size=2 face="Times New Roman">I have reviewed this report on Form N-Q of Delaware Investments<SUP>&#174;&nbsp;</SUP>National Municipal
Income Fund;</FONT></P></TD></TR>
<TR>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 13pt" noWrap><FONT size=2 face="Times New Roman">2.</FONT></TD>
   <TD style="WIDTH: 99%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt" colSpan=2 align=left><FONT size=2 face="Times New Roman"></FONT>
   <P align=justify><FONT size=2 face="Times New Roman">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</FONT></P></TD></TR>
<TR>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 13pt" noWrap><FONT size=2 face="Times New Roman">3.</FONT></TD>
   <TD style="WIDTH: 99%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt" colSpan=2 align=left><FONT size=2 face="Times New Roman"></FONT>
   <P align=justify><FONT size=2 face="Times New Roman">Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;</FONT></P></TD></TR>
<TR>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 13pt" noWrap><FONT size=2 face="Times New Roman">4.</FONT></TD>
   <TD style="WIDTH: 99%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt" colSpan=2 align=left><FONT size=2 face="Times New Roman"></FONT>
   <P align=justify><FONT size=2 face="Times New Roman">The registrant&#8217;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></TD></TR>
<TR>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 13pt" noWrap><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 15pt" noWrap align=left><FONT size=2 face="Times New Roman">(a)</FONT></TD>
   <TD style="WIDTH: 98%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt" align=left>
   <P align=justify><FONT size=2 face="Times New Roman">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</FONT></P></TD></TR>
<TR>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 13pt" noWrap><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 15pt" noWrap align=left><FONT size=2 face="Times New Roman">(b)</FONT></TD>
   <TD style="WIDTH: 98%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt" align=left>
   <P align=justify><FONT size=2 face="Times New Roman">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></TD></TR>
<TR>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 13pt" noWrap><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 15pt" noWrap align=left><FONT size=2 face="Times New Roman">(c)</FONT></TD>
   <TD style="WIDTH: 98%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt" align=left>
   <P align=justify><FONT size=2 face="Times New Roman">Evaluated the effectiveness of the registrant&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and</FONT></P></TD></TR>
<TR>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 13pt" noWrap><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 15pt" noWrap align=left><FONT size=2 face="Times New Roman">(d)</FONT></TD>
   <TD style="WIDTH: 98%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt" align=left>
   <P align=justify><FONT size=2 face="Times New Roman">Disclosed in this report any change in the registrant&#8217;s internal control over financial reporting that occurred during the registrant&#8217;s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant&#8217;s internal control over financial reporting; and</FONT></P></TD></TR>
<TR>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 13pt" noWrap><FONT size=2 face="Times New Roman">5.</FONT></TD>
   <TD style="WIDTH: 99%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt" colSpan=2 align=left><FONT size=2 face="Times New Roman"></FONT>
   <P align=justify><FONT size=2 face="Times New Roman">The registrant&#8217;s other certifying officer(s) and I have disclosed to the registrant&#8217;s auditors and the audit committee of the registrant&#8217;s board of directors (or persons performing the equivalent functions):</FONT></P></TD></TR>
<TR>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 13pt" noWrap><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt; PADDING-RIGHT: 15pt" noWrap align=left><FONT size=2 face="Times New Roman">(a)</FONT></TD>
   <TD style="WIDTH: 98%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 12pt" align=left>
   <P align=justify><FONT size=2 face="Times New Roman">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&#8217;s ability to record, process, summarize, and report financial information; and</FONT></P></TD></TR>
<TR>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-RIGHT: 13pt" noWrap><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; PADDING-RIGHT: 15pt" noWrap align=left><FONT size=2 face="Times New Roman">(b)</FONT></TD>
   <TD vAlign=top width="98%" align=left>
   <P align=justify><FONT size=2 face="Times New Roman"></FONT></P>
   <P align=justify><FONT size=2 face="Times New Roman">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#8217;s internal control over financial reporting. </FONT></P></TD></TR></TABLE><BR>
<TABLE style="WIDTH: 10%; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 border=0>

<TR vAlign=bottom>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="100%" colSpan=2 noWrap align=left><FONT size=2 face="Times New Roman"></FONT><FONT size=2 face="Times New Roman">RICHARD SALUS</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman">By: </FONT></FONT></TD>
   <TD width="99%" noWrap align=left><FONT size=2 face="Times New Roman">Richard Salus</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman">Title:&nbsp;&nbsp; </FONT></FONT></TD>
   <TD width="99%" noWrap align=left><FONT size=2 face="Times New Roman">Chief Financial Officer</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman">Date: </FONT></FONT></TD>
   <TD width="99%" noWrap align=left><FONT size=2 face="Times New Roman">February 27, 2018</FONT></TD></TR></TABLE><BR>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always"></DIV>


<P style="TEXT-ALIGN: center"><B><U><FONT size=2 face="Times New Roman">SIGNATURES</FONT></U></B></P>
<P STYLE="text-align: justify; text-indent: 15pt"><FONT size=2 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="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">DELAWARE INVESTMENTS</FONT></B><B><FONT size=2 face="Times New Roman"><SUP>&#174; </SUP></FONT></B><B><FONT size=2 face="Times New Roman">NATIONAL MUNICIPAL INCOME FUND

</FONT></B></P>
<TABLE style="WIDTH: 10%; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 border=0>

<TR vAlign=bottom>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="100%" colSpan=2 noWrap align=left><FONT size=2 face="Times New Roman">SHAWN K. LYTLE</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">By:</FONT></TD>
   <TD width="99%" noWrap align=left><FONT size=2 face="Times New Roman">Shawn K. Lytle</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">Title:&nbsp; </FONT></TD>
   <TD width="99%" noWrap align=left><FONT size=2 face="Times New Roman">President and Chief Executive Officer</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">Date:</FONT></TD>
   <TD width="99%" noWrap align=left><FONT size=2 face="Times New Roman">February 27, 2018</FONT></TD></TR></TABLE>

<P STYLE="text-align: justify; text-indent: 15pt"><FONT size=2 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>
<TABLE style="WIDTH: 10%; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 border=0>

<TR vAlign=bottom>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="99%" colSpan=2 noWrap align=left><FONT size=2 face="Times New Roman">SHAWN K. LYTLE</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="11%" noWrap align=left><FONT size=2 face="Times New Roman">By:</FONT></TD>
   <TD width="88%" noWrap align=left><FONT size=2 face="Times New Roman">Shawn K. Lytle</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="11%" noWrap align=left><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman">Title:&nbsp; </FONT></FONT></TD>
   <TD width="88%" noWrap align=left><FONT size=2 face="Times New Roman">President and Chief Executive Officer</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="11%" noWrap align=left><FONT size=2 face="Times New Roman">Date: </FONT></TD>
   <TD width="88%" noWrap align=left><FONT size=2 face="Times New Roman">February 27, 2018</FONT></TD></TR>
<TR>
   <TD width="99%" colSpan=2 align=left>&nbsp; </TD></TR>
<TR vAlign=bottom>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="99%" colSpan=2 noWrap align=left><FONT size=2 face="Times New Roman">RICHARD SALUS</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="11%" noWrap align=left><FONT size=2 face="Times New Roman">By:</FONT></TD>
   <TD width="88%" noWrap align=left><FONT size=2 face="Times New Roman">Richard Salus</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="11%" noWrap align=left><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman">Title:&nbsp; </FONT></FONT></TD>
   <TD width="88%" noWrap align=left><FONT size=2 face="Times New Roman">Chief Financial Officer</FONT></TD></TR>
<TR vAlign=bottom>
   <TD width="11%" noWrap align=left><FONT size=2 face="Times New Roman">Date:</FONT></TD>
   <TD width="88%" noWrap align=left><FONT size=2 face="Times New Roman">February 27, 2018</FONT></TD></TR></TABLE>
<BR>
<HR align=center SIZE=2 width="100%" noShade>



</BODY>

</HTML>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
