Trades and Prices for Pension Obligation Bonds: 04/24/2008

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: 04/24/2008.

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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)
EMPLOYEES RETIREMENT SYS GOVT COMWLTH PUERTO RICO RETAIL-SR PENSION FDG-SER A	6.150%	07/01/2038	99.000 / 100.000		100.000 / 101.750	6.15% / 5.92%	19	4515+1
ILLINOIS ST TAXABLE-PENSION	5.100%	06/01/2033	95.255 / 95.255		96.603 / 96.603	5.35% / 5.35%	4	+4
LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER C	0.000%	06/30/2008	100.000 / 100.000				1	10
LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER C	0.000%	06/30/2009	94.831 / 94.831				1	20
LOS ANGELES CNTY CALIF PENSION OBLIG CTFS LTD INT MUN OBLIG CTF-SER A	6.900%	06/30/2008	100.311 / 100.311				1	25
NEW JERSEY ECONOMIC DEV AUTH ST PENSION FDG REV SER B	0.000%	02/15/2012			84.400 / 84.400	4.52% / 4.52%	2	110
NEW JERSEY ECONOMIC DEV AUTH ST PENSION FDG REV SER B	0.000%	02/15/2020	46.179 / 46.179		48.059 / 48.059	6.31% / 6.31%	3	60
NEW JERSEY ECONOMIC DEV AUTH ST PENSION FDG REV SER B	0.000%	02/15/2025			39.229 / 39.229	5.65% / 5.65%	1	95
NEWARK N J REF-TAXABLE-PENSION OBLIG	5.603%	04/01/2018			102.900 / 102.900	5.22% / 5.22%	7	100
NEWARK N J REF-TAXABLE-PENSION OBLIG	5.853%	04/01/2022	100.950 / 100.950		102.373 / 103.382	5.61% / 5.50%	8	440
OAKLAND CALIF PENSION OBLIG CAP APPREC-TAXABLE-SUB-SER A	0.000%	12/15/2010			90.815 / 90.815	3.70% / 3.70%	2	50
OAKLAND CALIF PENSION OBLIG TAXABLE	0.000%	12/15/2020			48.281 / 48.281	5.85% / 5.85%	1	25
ORANGE CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-REF-SER A	0.000%	09/01/2010			91.677 / 91.677	3.75% / 3.75%	1	100
ORANGE CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-REF-SER A	0.000%	09/01/2016	61.080 / 61.080		61.080 / 61.080	6.00% / 6.00%	4	20
OREGON SCH BRDS ASSN TAXABLE-PENSION DEFD INT-SER A	0.000%	06/30/2014	73.426 / 73.426				1	+1
OREGON SCH BRDS ASSN TAXABLE-PENSION-SER B	5.500%	06/30/2021			98.000 / 98.000	5.72% / 5.72%	1	10
PALM BAY FLA SPL OBLIG VAR-TAXABLE-PENSION FDG PROJ	%	10/01/2037	100.000 / 100.000				1	1000
PATERSON N J CAP APPREC-REF-TAXABLE-PENSION	0.000%	04/01/2014	73.894 / 73.894				1	15
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG ZERO CPN-RETIREMENT SYS-SER B	0.000%	04/15/2019	50.180 / 50.180		51.875 / 51.875	6.08% / 6.08%	4	120+3
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG ZERO CPN-RETIREMENT SYS-SER B	0.000%	04/15/2022	39.898 / 39.898				3	+3
PORTLAND ME TAXABLE-PENSION BDS	%	06/01/2026			100.000 / 100.000		2	200
SACRAMENTO CNTY CALIF WKLY-TAXABLE-PENS-C-RMK-7/1/98	%	07/01/2022	100.000 / 100.000		100.000 / 100.000		2	500
SAN DIEGO CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER C	0.000%	08/15/2010			92.013 / 92.013	3.66% / 3.66%	2	30
SAN DIEGO CNTY CALIF PENSION OBLIG TAXABLE-SER B	%	08/15/2032	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	2	50
STOCKTON CALIF PENSION OBLIG TAXABLE-SER A	5.140%	09/01/2017					2	200
TRENTON N J CAP APPREC-REF-TAXABLE-PENS-A	0.000%	04/01/2022	39.510 / 39.510		41.320 / 41.320	6.45% / 6.45%	2	50

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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