Trades and Prices for Pension Obligation Bonds: 02/11/2008

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: 02/11/2008.

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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)
CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV TAXABLE-PENSION OBLIG-SER A-1	5.090%	06/01/2011			105.100 / 105.100	3.44% / 3.44%	3	3000
CLINTON PRAIRIE IND SCH CORP PENSION	5.800%	01/15/2021			103.009 / 103.009	5.24% / 5.24%	3	30
CONTRA COSTA CNTY CALIF PENSION OBLIG TAXABLE-SER A	4.720%	06/01/2013	102.536 / 102.536		102.727 / 102.727	4.14% / 4.14%	2	1900
EMPLOYEES RETIREMENT SYS GOVT COMWLTH PUERTO RICO CAP APPREC-RETAIL-SR PENSION-A	0.000%	07/01/2028			28.811 / 28.811	6.20% / 6.20%	1	200
EMPLOYEES RETIREMENT SYS GOVT COMWLTH PUERTO RICO RETAIL SR PENSION FDG-SER A	5.850%	07/01/2023			100.000 / 100.000	5.85% / 5.85%	1	100
EMPLOYEES RETIREMENT SYS GOVT COMWLTH PUERTO RICO RETAIL-SR PENSION FDG-SER A	6.150%	07/01/2038			100.000 / 100.000	6.15% / 6.15%	16	2315
HUNTINGTON PK CALIF PENSION OBLIG REF-TAXABLE-A-CONV 04/05/07	5.757%	08/01/2025			101.837 / 101.837	5.50% / 5.50%	1	15
ILLINOIS ST TAXABLE-PENSION	3.300%	06/01/2010	99.040 / 99.040				2	1000
ILLINOIS ST TAXABLE-PENSION	3.550%	06/01/2011	99.060 / 99.060		99.381 / 99.381	3.75% / 3.75%	4	1500
ILLINOIS ST TAXABLE-PENSION	5.100%	06/01/2033	94.500 / 94.500				1	45
LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER C	0.000%	06/30/2009	93.500 / 93.500		94.898 / 96.040	3.84% / 2.95%	5	70
LOS ANGELES CNTY CALIF PENSION OBLIG CTFS LTD INT MUN OBLIG-A-MBIA-IBC	6.900%	06/30/2008	101.060 / 101.490		101.562 / 101.562	2.70% / 2.70%	5	200
MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV SCHEPENS EYE RESEARCH-SER A	6.500%	07/01/2028			104.000 / 104.000	5.46% / 5.46%	1	30
MSD LAWRENCE TWP IND TAXABLE-PENSION	5.900%	07/05/2021			104.564 / 107.075	5.25% / 4.91%	5	65
MULTNOMAH CNTY ORE TAXABLE-PENSION OBLIG	7.300%	06/01/2012	111.750 / 111.750				1	25
NEW CASTLE PA TAXABLE-PENSION FDG PROG	7.450%	11/15/2020	102.050 / 102.050		102.150 / 102.150	5.31% / 5.31%	2	300
NEW CASTLE PA TAXABLE-PENSION FDG PROG	7.450%	11/15/2024	101.520 / 101.520		102.120 / 102.120	5.66% / 5.66%	3	170
NEW ORLEANS LA PENSION REV VAR-TAXABLE	%	09/01/2030	100.000 / 100.000		100.000 / 100.000		6	2200
OAKLAND CALIF PENSION OBLIG TAXABLE	0.000%	12/15/2012			80.428 / 80.428	4.55% / 4.55%	2	10
OAKLAND CALIF PENSION OBLIG TAXABLE	0.000%	12/15/2017	57.000 / 57.000		58.247 / 58.247	5.57% / 5.57%	4	190
OAKLAND CALIF PENSION OBLIG TAXABLE	0.000%	12/15/2022	38.630 / 38.630		41.419 / 41.419	6.03% / 6.03%	3	45
OCEANSIDE CALIF PENSION OBLIG TAXABLE	4.690%	08/15/2011			102.375 / 102.375	3.96% / 3.96%	1	50
ORANGE CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-REF-SER A	0.000%	09/01/2010	89.150 / 89.150		90.249 / 90.249	4.07% / 4.07%	2	76
ORANGE CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-REF-SER A	0.000%	09/01/2011			85.385 / 87.500	4.50% / 3.80%	3	64
ORANGE CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-REF-SER A	0.000%	09/01/2012	81.050 / 81.574		82.398 / 83.574	4.30% / 3.98%	4	240
ORANGE CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-REF-SER A	0.000%	09/01/2013			78.115 / 78.115	4.50% / 4.50%	2	75
ORANGE CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-REF-SER A	0.000%	09/01/2016			64.214 / 64.214	5.25% / 5.25%	1	40
OREGON CMNTY COLLEGE DISTS TAXABLE-PENSION OBLIG	4.747%	06/30/2013			105.059 / 105.059	3.70% / 3.70%	6	1110
OREGON SCH BRDS ASSN TAXABLE-PENSION-SER B	5.500%	06/30/2021	97.500 / 97.500				1	10
PORTLAND ME TAXABLE-PENSION BDS	%	06/01/2026	100.000 / 100.000		100.000 / 100.000		3	2300
PORTLAND ORE PARS-TAXABLE-PENSION OBLIG-D	%	06/01/2019	100.000 / 100.000		100.000 / 100.000		15	2050+4
SACRAMENTO CNTY CALIF WKLY-TAXABLE-PENS-B-RMK-7/1/98	%	07/01/2020	100.000 / 100.000				1	600
SACRAMENTO CNTY CALIF WKLY-TAXABLE-PENS-C-RMK-7/1/98	%	07/01/2022	100.000 / 100.000		100.000 / 100.000	3.30% / 3.30%	2	120
SACRAMENTO CNTY CALIF PENSION OBLIG CAP APPREC-A	0.000%	08/15/2008			98.915 / 98.915	2.18% / 2.18%	2	20
SAN BERNARDINO CNTY CALIF FING AUTH PENSION OBLIG REV CAP APPREC	0.000%	08/01/2015	66.719 / 66.719				1	5
SAN BERNARDINO CNTY CALIF FING AUTH PENSION OBLIG REV CAP APPREC	0.000%	08/01/2018			56.300 / 56.903	5.57% / 5.46%	4	230
SAN BERNARDINO CNTY CALIF PENSION OBLIG VAR-TAXABLE-SER B-1	%	08/01/2023	100.000 / 100.000		100.000 / 100.000		6	475+3
SAN DIEGO CALIF MET TRAN DEV BRD TAXABLE PENSION OBLIG-SER A	4.270%	12/01/2011			101.289 / 101.289	3.90% / 3.90%	2	70
SAN DIEGO CALIF MET TRAN DEV BRD VAR-TAXABLE PENSION OBLIG-B	%	12/01/2033	100.000 / 100.000		100.000 / 100.000		5	1100
SAN DIEGO CNTY CALIF PENSION OBLIG TAXABLE-SER B	%	08/15/2030	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	3	150
SAN DIEGO CNTY CALIF PENSION OBLIG TAXABLE-SER B	%	08/15/2030	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	3	125
SAN DIEGO CNTY CALIF PENSION OBLIG TAXABLE-SER B	%	08/15/2030	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	5	200
SAN DIEGO CNTY CALIF PENSION OBLIG TAXABLE-SER B	%	08/15/2032	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	5	200
SUSSEX CNTY N J REF-TAXABLE-PENSION	5.300%	05/01/2010	101.670 / 101.670				1	20

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.

Data provided by: