VOLUME OF FINANCINGS

2006 MISSOURI NEGOTIATED EDUCATION ISSUES

(Primary & Secondary Education Only)

(According to Volume of Financings)

Managing Underwriters' Ranking

Full Credit to Book Manager

Managing Underwriters

Principal Amount ($1,000,000)

Rank

Market Share

# of Issues

L.J. Hart & Company

210.2

1

46.4

58

George K. Baum & Company, Inc.

338.8

2

28.8

36

Piper Jaffray & Co.

194.9

3

10.8

16

A.G. Edwards & Sons, Inc.

109.8

3

6.4

8

Commerce Capital Markets

9.4

5

4.8

6

Banc of America Securities LLC

124.1

6

3.2

4

Commerce Bank Capital Markets Group

12.4

6

3.2

4

Oppenheimer & Co.

72.0

7

0.8

1

NatCity Investments Corp

8.0

7

0.8

1

Edward D. Jones & Co. LP

7.0

7

0.8

1

Herbert J Sims & Co Inc.

4.4

7

0.8

1

Totals with Managing Underwriters

972.3

100.0

125

Industry Totals

972.3

100.0

125