Terms Expire September 30, 2005

Janice D. Davis, Chief Financial Officer, City of Atlanta, Atlanta, GA
Thomas G. Doe, President, Municipal Market Advisors/Cutler Investment Corp., Concord, MA
Francis J. Ingrassia, Managing Director, Goldman, Sachs & Co., New York, NY
Steven Milano, Managing Director and Manager Syndicate Desk, Lehman Brothers, New York, NY
Phillip D. Smith, Managing Director, Banc of America Securities LLC, Charlotte, NC


Terms Expire September 30, 2006

Amelia A.J. Bond , Senior Vice President, Director of Public Finance Department, A.G. Edwards & Sons, Inc., St. Louis, MO
Ian A. MacKinnon , Retired as Managing Director of the Fixed Income Group at The Vanguard Group of Investment Companies, Coatesville, PA
Michael Smale , Group Senior Vice President, Manager-Municipal Bond Department, ABN AMRO Financial Services Inc., Chicago, IL
Michael J. Wilk , Senior Managing Director, Capital Markets, Comerica Securities, Detroit, MI
Kenneth E. Williams , President and Chief Executive Officer, Stone & Youngberg LLC, San Francisco, CA

Terms Expire September 30, 2007

Darcy Bradbury , Managing Director, The Blackstone Group, LP, New York , NY
Steven Kaplan , Senior Partner, Arnold & Porter LLP, Washington , D.C.
John J. Lawlor , Managing Director, Municipal Markets, Merrill Lynch, New York , NY
James A. Posthauer , Senior Vice President, Fixed Income Municipal Trading, Morgan Keegan & Co., Inc., Charlotte , NC
James M. Rogers , Chief Operating Officer/Executive Vice President, J.J.B. Hilliard, W.L. Lyons, Inc., Louisville , KY