The rating on Cuyahoga County, Ohio's bonds is based on an irrevocable direct-pay LOC provided by Fleet National Bank. The LOC, which expires on July 22, 2002, unless extended or earlier terminated pursuant to its terms, provides coverage for purchase price, principal of, and 45 days of interest calculated at a maximum rate of 12%. The bonds will initially be offered at a weekly interest rate, but may be converted to either flexible, long-term, or fixed interest rates upon satisfaction of certain conditions as set forth in the trust indenture. The bonds are also subject to optional and mandatory tenders as well as mandatory redemptions, optional redemptions, and extraordinary optional redemptions. Bond proceeds will be used to provide funds to
