Trades and Prices for Montana: 02/14/2008

These reports represent inter-dealer and customer trades in municipal securities that have been reported by dealers to the Municipal Securities Rulemaking Board. The reports do not necessarily reflect all transactions that were effected on the specific trade date. Because of the possibility of errors in the trade submission process or errors or omissions in other processing of data, the reports should not be used as the sole basis for pricing or executing transactions in municipal securities. Prices for securities transactions vary with market conditions and can be affected by trade size and other factors.

All Information for Trade Date: 02/14/2008.

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The Red Flag indicates the bid/offer market spread for this Municipal Bond exceeded 4 points.
Red numbering in the Bid or Offer column indicates the spread between high and low price exceeded 1 point.
Red numbering in the Yield column indicates a negative yield.

Municipal Bond Name / Description	Coupon	Maturity	Bid Side Customer Sold to Dealer (Lowest / Highest)		Offer Side Customer Purchase from Dealer (Lowest / Highest)	Yield* Offer Side (Lo Px / Hi Px)	# of Trades	Volume (000)
FLATHEAD & LAKE CNTYS MONT SCH DIST NO 38 BIGFORK SCH BLDG	3.250%	07/01/2012			103.273 / 103.273	2.45% / 2.45%	1	100
FLATHEAD & LAKE CNTYS MONT SCH DIST NO 38 BIGFORK SCH BLDG	3.450%	07/01/2020			101.250 / 101.250	3.27% / 3.27%	2	860
FLATHEAD CNTY MONT SCH DIST NO 089 SMITH VLY	3.500%	07/01/2012			102.028 / 102.028	3.00% / 3.00%	1	10
FORSYTH MONT POLLUTION CTL REV REF-NORTHWESTERN CORP COLSTRIP	4.650%	08/01/2023	98.500 / 98.500				1	500
GALLATIN CNTY MONT SCH DIST NO 7 BOZEMAN SCH BLDG	4.000%	06/01/2020			103.526 / 103.526	3.59% / 3.59%	3	150
GALLATIN CNTY MONT SCH DIST NO 7 BOZEMAN SCH BLDG	4.250%	06/01/2023			101.761 / 101.761	4.04% / 4.04%	2	60
GALLATIN CNTY MONT SCH DIST NO 7 BOZEMAN SCH BLDG	4.125%	06/01/2028			100.200 / 100.450	4.10% / 4.07%	2	120
MISSOULA CNTY MONT K-12 SCH DIST NO 40 FRENCHTOWN	3.250%	07/01/2009			101.266 / 101.266	2.30% / 2.30%	1	30
MISSOULA CNTY MONT K-12 SCH DIST NO 40 FRENCHTOWN	3.250%	07/01/2011			102.403 / 102.403	2.50% / 2.50%	1	50
MISSOULA CNTY MONT SCH DIST NO 4 HELLGATE SCH BLDG	3.250%	06/15/2010			102.356 / 102.356	2.20% / 2.20%	1	25
MISSOULA CNTY MONT SCH DIST NO 4 HELLGATE SCH BLDG	3.250%	06/15/2015			101.628 / 101.628	3.00% / 3.00%	3	70
MISSOULA CNTY MONT SCH DIST NO 4 HELLGATE SCH BLDG	3.500%	06/15/2017			102.397 / 102.397	3.20% / 3.20%	1	20
MISSOULA CNTY MONT SCH DIST NO 4 HELLGATE SCH BLDG	3.750%	06/15/2019			102.145 / 102.145	3.50% / 3.50%	6	220
MISSOULA CNTY MONT SCH DIST NO 4 HELLGATE SCH BLDG	3.750%	06/15/2020			100.849 / 100.849	3.65% / 3.65%	1	10
MISSOULA CNTY MONT SCH DIST NO 4 HELLGATE SCH BLDG	4.250%	06/15/2025			101.667 / 102.091	4.05% / 4.00%	6	205
MONTANA FAC FIN AUTH REV HOSP-BENEFIS HEALTHCRE SYS	5.000%	01/01/2037			105.986 / 105.986	4.18% / 4.18%	1	10
MONTANA FAC FIN AUTH REV SR LIVING ST JOHNS LUTHERAN-A	6.125%	05/15/2036			100.000 / 100.000	6.12% / 6.12%	1	5
MONTANA FAC FIN AUTH REV VAR-SISTER OF CHARITY-A	%	12/01/2025	100.000 / 100.000				1	+1
MONTANA ST BRD HSG SINGLE FAMILY MTG-SER D	5.100%	12/01/2027	98.472 / 98.472		98.625 / 100.625	5.21% / 5.01%	51	7305
MONTANA ST BRD REGENTS HIGHER ED REV MARS-REF-FACS-SER G	%	11/15/2016	100.000 / 100.000				2	100
MONTANA ST BRD REGENTS REVS CAP APPREC-REF-HIGHER ED-SER A	0.000%	11/15/2008			97.478 / 97.478	3.50% / 3.50%	2	140
MONTANA ST BRD REGENTS REVS CAP APPREC-REF-HIGHER ED-SER A	0.000%	11/15/2009			94.961 / 94.961	3.00% / 3.00%	1	15
MONTANA ST DEPT TRANSN REV GRANT ANTIC NTS-HWY 93 CONSTR	5.000%	06/01/2008			100.695 / 100.695	2.50% / 2.50%	1	+1
MONTANA ST HEALTH FACS AUTH REV SISTERS OF CHARITY LEAVENWORTH	5.000%	12/01/2024	98.750 / 98.750		101.250 / 101.596	3.98% / 2.80%	3	30
TWO RIVS AUTH INC MONT PROJ REV SR LIEN	6.750%	11/01/2016	69.730 / 69.730				1	45
TWO RIVS AUTH INC MONT PROJ REV SR LIEN	7.375%	11/01/2027			70.000 / 70.000	11.17% / 11.17%	1	60

These reports represent inter-dealer and customer trades in municipal securities that have been reported by dealers to the Municipal Securities Rulemaking Board. The reports do not necessarily reflect all transactions that were effected on the specific trade date. Because of the possibility of errors in the trade submission process or errors or omissions in other processing of data, the reports should not be used as the sole basis for pricing or executing transactions in municipal securities. Prices for securities transactions vary with market conditions and can be affected by trade size and other factors.

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