The rating on Maricopa County Industrial Development Authority, Ariz.'s bonds reflects: A strong asset-to-liability ratio of 393.16% as of Feb. 25, 1999; Capital appreciation bonds (CABs) with a yield in excess of the mortgage rate; and Primary Mortgage Insurance provided by Verex Assurance Inc. ('BBB' financial strength rating). The bonds are secured by single-family mortgage loans. The series 1991T comprise one maturity of CABs with a yield of 11%. The accreted value as of Dec. 31, 1998 was $401,661 plus accrued interest of $3,069. As of Feb. 25, 1999, $1.591 million in assets comprised $1.283 million in single-family mortgages, $306,674 in the revenue fund, and accrued interest of $1,123. All funds are invested in 'AAAm' rated Dreyfus Treasury Cash Management
