The following is a list of a few of the municipal bonds we currently have in inventory. Each bond is offered subject to prior sale and to a change in price. Bonds are offered by prospectus only. Contact us for a copy of Official Statement of bond(s) which interest you or for a complete listing of all bonds we currently offer.

Tax-Free* Offerings

Rating	Quantity	Description	Maturity Date	Coupon	Price	YTC/YTM
Aa3	100	DETROIT MICH CITY SCH DIST	5/1/2012	5.250	$106.90	3.250
AA-		REF-SER C
FGIC Q-SBLF		REFUNDING BONDS
		FED & ST TAX-EXEMPT
		251129XU1
A1	100	TRI-CNTY MET TRANSN DIST ORE REV	5/1/2014	4.000	$101.02	2.500
AA		PAYROLL TAX & GRANT RCPT				3.798
MBIA		TRANSIT IMPS.
		FED & ST TAX-EXEMPT
		Callable 5/1/2009 @ 100
		89546RGB4
Aa3	100	JOLIET ILL WTRWKS & SEW REV	1/1/2015	5.000	$105.55	3.250
AA		SER A				4.000
AMBAC		WATER UTILITY IMPS.
		FED TAX-EXEMPT/ST TAXABLE
		Callable 1/1/2012 @ 100
		479790GJ0
A1	50	DISTRICT COLUMBIA UTGO	6/1/2015	5.000	$106.36	3.550
AA		SER A				3.926
MBIA		PUBLIC IMPS.
		FED & ST TAX-EXEMPT
		Callable 6/1/2013 @ 100
		25476A2R9
A3	100	Charter County of Wayne MI	8/1/2016	4.750	$103.01	4.300
A		(Wayne County)
None		Michigan
		NOT Bank Qualified
		Callable 8/1/2018 @ 100
		944313CS2
NR	25	WAYNE MICH	10/1/2016	4.500	$101.36	4.300
NR		TRANSN FD BD
		PUBLIC IMPS.
		FED BQ/ST TAX-EXEMPT
		946099NN4
A2	60	CALIFORNIA ST	3/1/2017	5.000	$106.89	3.800
AA		REF-MBIA-IBC				4.040
MBIA-IBC		REFUNDING BONDS
		FED & ST TAX-EXEMPT
		Callable 3/1/2015 @ 100
		13063AHB3
NR	75	RIVER GROVE ILL	12/15/2017	4.000	$100.00	4.000
A-		SALES TAX-ALT REV SOURCE
		PUBLIC IMPS.
		FED BQ
		768231CV2
Aa3	25	ST PETERS MO	3/1/2018	4.850	$104.47	3.000
NR		PUBLIC IMPS.				4.270
FGIC		FED & ST TAX-EXEMPT
		Callable 3/1/2011 @ 100
		793185GF0
Aaa	150	DE KALB CNTY ILL CUSD 428 DE KALB	1/1/2020	5.000	$106.13	4.200
NR		SCHOOL IMPS.				4.310
FSA		FED TAX-EXEMPT/ST TAXABLE
		Callable 1/1/2018 @ 100
		240685GQ4
Aaa	150	SCOTTSDALE ARIZ	7/1/2020	5.000	$105.79	3.200
AAA		REFUNDING BONDS				4.370
		FED & ST TAX-EXEMPT
		Callable 7/1/2011 @ 101
		810453ZC7
Aaa	100	IOWA CITY IOWA	6/1/2021	5.000	$105.62	3.400
NR		PUBLIC IMPS.				4.410
		FED TAX-EXEMPT/ST TAXABLE
		Callable 6/1/2012 @ 100
		462308TH0
A2	60	ELKHORN WIS	12/1/2027	4.700	$100.00	4.700
NR		POLICE FAC BLDG
		PUBLIC IMPS.
		FED BQ/ST TAXABLE
		Callable 12/1/2018 @ 100
		287767KL0
A3	130	Charter County of Wayne MI	8/1/2033	5.500	$101.14	5.350
A		(Wayne County)				5.416
None		Michigan
		NOT Bank Qualified
		Callable 8/1/2018 @ 100
		944313DK8

*Tax-Free Offerings are free from current Federal income taxes only. Income may be subject to alternative minimum tax.
AMBAC, MBIA, XLCA, FGIC and CIFG are on credit watch for possible downgrade.

Taxable Offerings

Rating	Quantity	Description	Maturity Date	Coupon	Price	YTC/YTM
A2	25	CATERPILLAR FIN SERV CRP#estate#	3/15/2015	5.200	$97.35	5.500
A		POWER NOTES. PUT IN EVENT OF HLDRS DEATH. SHORT 1ST CPN.
		DOMESTIC MTN
		TAXABLE
		Callable 9/15/2008 @ 100
		14911QZE4