TERMS OF PRESENT BOARD MEMBERS
Terms Expire September 30, 1998
Terry L. Atkinson, Managing Director, PaineWebber Incorporated, New York, NY
Phyllis E. Currie, Chief Financial Officer, Los Angeles Department of Water and Power, Los Angeles, CA
William D. Dawson, III, Executive Vice President, Fixed Income Mutual Funds, Federated Research Corp., Pittsburgh, PA
Paul D. Muller, Director, Underwriting Manager, ABN AMRO Securities, Inc., New York, NY
Terms Expire September 30, 1999
Lynn Hampton, Chief Financial Officer, Metropolitan Washington Airports Authority, Alexandria, VA
Richard Kolman, Vice President and Manager, Municipal Underwriting, Goldman, Sachs & Co., New York, NY
Robert Dean Pope, Partner, Hunton & Williams, Richmond, VA
Damon P. Smith, III, Managing Director, Municipal Bond Department, J. P. Morgan Securities, Inc., New York, NY
Scott C. Sollers, Principal, Stone & Youngberg LLC, San Francisco, CA
Terms Expire September 30, 2000
Howard D. Curlett, III, President, First Union Capital Markets Corp., Charlotte, NC
Robert A. Estrada, Chairman and Chief Executive Officer, Estrada Hinojosa & Co., Dallas, TX
James P. Fitzgerald, Managing Director, Banc One Capital Corp., Chicago, IL
Thomas J. Kenny, Senior Vice President-Director, Municipal Bond Department, Franklin Templeton, San Mateo, CA
Thomas E. Stanberry, Managing Director, Fixed Income Capital Markets, Piper Jaffray Inc., Minneapolis, MN
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