BOND EQUIVALENT

AUCTION DATE
RATE

2001
1.769
12/3
12/10 1.704
12/17 1.760
12/26 1.752
12/31 1.740
2002
1.684
1/7
1/14 1.558
1/22 1.700
1/28 1.748
2/4 1.769
2/11 1.748
2/19 1.760
2/25 1.769
3/4 1.793
3/11 1.858
3/18 1.874
3/25 1.854
4/1 1.821
4/8 1.740
4/15 1.712
4/22 1.720
4/29 1.760
5/6 1.773
5/13 1.781
5/20 1.760

We help put America through school.

 2002
(continued) 1.760
5/28
6/3 1.752
6/10 1.752
6/17 1.732
6/24 1.712
7/1 1.719
7/8 1.724
7/15 1.712
7/22 1.692
7/29 1.712
8/5 1.627
8/12 1.659
8/19 1.659
8/26 1.661
9/3 1.639
9/9 1.676
9/16 1.692
9/23 1.639
9/30 1.566
10/7 1.615
10/15 1.659
10/21 1.696
10/28 1.578
11/4 1.433
11/12 1.211
11/18 1.227
11/25 1.228
TOTAL 87.639

AVERAGE: 1.69

We help put America through school.