The rating on Fort Morgan, Colo.'s bonds is based on an irrevocable direct-pay LOC provided by State Street Bank&Trust Company. The LOC covers principal and interest on the bonds and the purchase price for tendered bonds. The LOC expires on May 31, 2000 unless earlier terminated or extended according to its terms. The bonds will be offered in a weekly mode and may be converted to a term mode thereafter. Holders may tender their bonds on any business day with appropriate notice. The bonds are subject to mandatory tender on a mode change date and upon the occurrence of certain other events. The bonds are also subject to optional and mandatory sinking fund redemptions. Proceeds will be used
