Trades and Prices for Pension Obligation Bonds: 03/12/2008

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: 03/12/2008.

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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)
BALTIMORE CNTY MD REF-PENSION FUNDING	5.000%	08/01/2009	100.899 / 100.899		101.249 / 101.249	4.06% / 4.06%	2	20
BALTIMORE CNTY MD REF-PENSION FUNDING	5.000%	08/01/2010			102.096 / 102.096	2.00% / 2.00%	1	50
BRICK TWP N J REF-TAXABLE-PENSION	5.450%	11/15/2017	97.413 / 97.413				2	20
BURLINGAME CALIF PENSION OBLIG TAXABLE-SER A	5.407%	06/01/2016	102.006 / 102.006		104.069 / 104.069	4.80% / 4.80%	3	105
DENVER COLO CITY & CNTY SCH DIST NO 001 CTFS PARTN TAXABLE-PENSION-SCH FACS LEASE	6.940%	12/15/2012	110.675 / 110.675		112.300 / 112.300	4.06% / 4.06%	2	10
DENVER COLO CITY & CNTY SCH DIST NO 001 CTFS PARTN UNREFUNDED BAL-TAXABLE-PENSION	6.790%	12/15/2008	101.745 / 101.745				1	40
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%	1	75
FRANKLIN TWP SOMERSET CNTY N J OPENS SPACE TRUST FUND	4.250%	05/01/2013			104.499 / 104.499	2.74% / 2.74%	2	20
FRESNO CNTY CALIF PENSION OBLIG TAXABLE-SER A	2.870%	08/15/2008			99.768 / 99.768	3.43% / 3.43%	1	200
GAINESVILLE FLA PENSION OBLIG REV TAXABLE-SER B	0.000%	10/01/2015	66.682 / 66.682				1	35
ILLINOIS ST TAXABLE-PENSION	5.100%	06/01/2033	97.356 / 97.356		97.481 / 97.481	5.28% / 5.28%	2	+2
JOSEPHINE CNTY ORE PENSION OBLIG REV SER B	6.250%	06/01/2024			105.926 / 105.926	4.25% / 4.25%	2	100
LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER C	0.000%	06/30/2008			98.118 / 98.118	6.70% / 6.70%	1	10
LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER C	0.000%	06/30/2009	94.250 / 94.250				2	40
LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER D	0.000%	06/30/2010	89.800 / 89.800				2	20
LOS ANGELES CNTY CALIF PENSION OBLIG CTFS LTD INT MUN OBLIG CTF-SER A	6.900%	06/30/2008	99.121 / 99.121				1	15
LOS ANGELES CNTY CALIF PENSION OBLIG TAXABLE-SER D	6.970%	06/30/2008	100.695 / 100.695				2	50
NEW JERSEY ECONOMIC DEV AUTH ST PENSION FDG REV SER A	7.425%	02/15/2029			116.625 / 116.625	6.02% / 6.02%	2	37
NEW JERSEY ECONOMIC DEV AUTH ST PENSION FDG REV SER B	0.000%	02/15/2018	58.180 / 58.180				1	110
OAKLAND CALIF PENSION OBLIG CAP APPREC-TAXABLE-SUB-SER A	0.000%	12/15/2010	87.900 / 87.960		88.499 / 88.499	4.50% / 4.50%	5	50
OAKLAND CALIF PENSION OBLIG TAXABLE	0.000%	12/15/2014	70.875 / 70.875				2	10
ORANGE CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-REF-SER A	0.000%	09/01/2015			66.068 / 66.068	5.64% / 5.64%	2	2
OREGON SCH BRDS ASSN TAXABLE-PENSION-SER B	5.500%	06/30/2021	96.129 / 96.129				3	70
PENSACOLA FLA ARPT REV REF-AMT-SER A	6.000%	10/01/2012	102.250 / 102.250		103.284 / 103.284	3.50% / 3.50%	2	50
PENSACOLA FLA SALES & EXCISE TAX REV REF	4.000%	10/01/2012			103.182 / 103.182	3.24% / 3.24%	1	5
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG ZERO CPN-RETIREMENT SYS-SER B	0.000%	04/15/2016			65.149 / 65.149	5.38% / 5.38%	3	75
POMONA CALIF PENSION OBLIG REF-TAXABLE-SER AR	5.732%	07/01/2025	98.700 / 98.700				2	500
PORTLAND ME TAXABLE-PENSION BDS	%	06/01/2026	100.000 / 100.000				2	400
SACRAMENTO CNTY CALIF CAP APPREC-TAXABLE-PENS FDG-A	0.000%	08/15/2013	76.955 / 76.955				2	40
SACRAMENTO CNTY CALIF WKLY-TAXABLE-PENS-B-RMK-7/1/98	%	07/01/2020	100.000 / 100.000		100.000 / 100.000		2	+2
SAN BERNARDINO CNTY CALIF FING AUTH PENSION OBLIG REV	6.870%	08/01/2008					2	1590
SAN BERNARDINO CNTY CALIF FING AUTH PENSION OBLIG REV CAP APPREC	0.000%	08/01/2017	56.670 / 56.670		58.252 / 58.252	5.85% / 5.85%	2	10
SAN BERNARDINO CNTY CALIF PENSION OBLIG VAR-TAXABLE-SER B-1	%	08/01/2023	100.000 / 100.000				2	1000
SAN BERNARDINO CNTY CALIF PENSION OBLIG VAR-TAXABLE-SER B-2	%	08/01/2023	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	19	5425+3
SAN DIEGO CALIF MET TRAN DEV BRD VAR-TAXABLE PENSION OBLIG-B	%	12/01/2033	100.000 / 100.000				2	200
SAN DIEGO CNTY CALIF PENSION OBLIG TAXABLE-SER B	%	08/15/2030	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	2	200
SHIPPENSBURG PA AREA SCH DIST	2.750%	11/01/2011			100.100 / 100.100	2.72% / 2.72%	2	100
SHIPPENSBURG PA AREA SCH DIST	2.900%	11/01/2013			99.742 / 99.742	2.95% / 2.95%	1	100
SUSSEX CNTY N J REF-TAXABLE-PENSION	5.300%	05/01/2010			102.970 / 102.970	3.83% / 3.83%	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: