Trades and Prices for Pension Obligation Bonds: 03/28/2008

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: 03/28/2008.

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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%	08/01/2010	100.000 / 100.000		101.750 / 101.750	2.66% / 2.66%	2	30
BRIDGEPORT CONN TAXABLE PENSION BDS	7.530%	01/15/2011			108.625 / 108.625	4.21% / 4.21%	1	10
DENVER COLO CITY & CNTY SCH DIST NO 001 CTFS PARTN TAXABLE-PENSION-SCH FACS LEASE	6.940%	12/15/2012			111.256 / 111.256	4.27% / 4.27%	2	50
EMPLOYEES RETIREMENT SYS GOVT COMWLTH PUERTO RICO RETAIL-SR PENSION FDG-SER A	6.150%	07/01/2038	100.000 / 100.000		101.000 / 101.669	6.01% / 5.93%	7	1310+2
GAINESVILLE FLA PENSION OBLIG REV TAXABLE-SER A	0.000%	10/01/2008	97.730 / 97.730				1	50
LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER C	0.000%	06/30/2009	94.149 / 94.149				1	60
LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER D	0.000%	06/30/2010			92.100 / 92.100	3.70% / 3.70%	2	10
NEW JERSEY ECONOMIC DEV AUTH ST PENSION FDG REV SER B	0.000%	02/15/2013			81.676 / 81.676	4.20% / 4.20%	1	100
OAKLAND CALIF PENSION OBLIG TAXABLE	0.000%	12/15/2014			71.828 / 71.828	5.00% / 5.00%	2	30
OAKLAND CALIF PENSION OBLIG TAXABLE	0.000%	12/15/2020			47.042 / 47.042	6.03% / 6.03%	1	5
ORANGE CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-REF-SER A	0.000%	09/01/2011			83.000 / 85.000	5.53% / 4.82%	4	4
OREGON SCH BRDS ASSN TAXABLE-PENSION	4.923%	06/30/2015	103.779 / 103.779		104.279 / 104.279	4.23% / 4.23%	2	20
OREGON SCH BRDS ASSN TAXABLE-PENSION-SER A	4.358%	06/30/2013	103.412 / 103.412		103.912 / 103.912	3.53% / 3.53%	2	30
OREGON SCH BRDS ASSN TAXABLE-PENSION-SER B	5.500%	06/30/2021	96.600 / 96.600		98.975 / 98.975	5.61% / 5.61%	4	45
OREGON ST TAXABLE-PENSION	5.892%	06/01/2027	105.703 / 105.703		106.203 / 106.203	5.37% / 5.37%	2	30
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG ZERO CPN-RETIREMENT SYS-SER B	0.000%	04/15/2026			34.214 / 34.214	6.03% / 6.03%	3	150
PITTSBURGH PA TAXABLE-PENSION-SER B	6.300%	03/01/2012			104.625 / 105.000	4.98% / 4.88%	3	65
PORTLAND ORE PARS-TAXABLE-PENSION OBLIG-E	%	06/01/2019	100.000 / 100.000		100.000 / 100.000		2	50
SACRAMENTO CNTY CALIF WKLY-TAXABLE-PENS-B-RMK-7/1/98	%	07/01/2020	100.000 / 100.000		100.000 / 100.000		2	300
SACRAMENTO CNTY CALIF WKLY-TAXABLE-PENS-C-RMK-7/1/98	%	07/01/2022	100.000 / 100.000		100.000 / 100.000		4	2500
SACRAMENTO CNTY CALIF PENSION FDG REF-TAXABLE	%	07/10/2026			100.000 / 100.000		1	+1
SACRAMENTO CNTY CALIF PENSION FDG REF-TAXABLE	%	07/10/2030			99.107 / 99.107		1	+1
SAN BERNARDINO CNTY CALIF FING AUTH PENSION OBLIG REV CAP APPREC	0.000%	08/01/2015			69.140 / 69.140	5.10% / 5.10%	1	20
SAN BERNARDINO CNTY CALIF FING AUTH PENSION OBLIG REV CAP APPREC	0.000%	08/01/2018			55.396 / 58.529	5.80% / 5.26%	5	170
SAN BERNARDINO CNTY CALIF PENSION OBLIG VAR-TAXABLE-SER B-1	%	08/01/2023	100.000 / 100.000		100.000 / 100.000		5	800+3
SAN LUIS OBISPO CNTY CALIF PENSION OBLIG TAXABLE-SER A	4.440%	09/01/2016	94.880 / 94.880				1	25

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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