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Mr. Billy Wasson November 3, 1998 corporate trust accounting and bondholder record-keeping systems that produce all client records. This access allows me to monitor and handle all daily transactions in the accounts for which I am the administrator. In the event that the County wants to make debt service payments to the Trustee by check, such payments can be delivered ar mailed to my office for processing on the date of receipt, assuming a timely delivery of those payments. Alternatively, of course, such payments can be made electronically or at one of First Security Bank's Salem branches. The centralized trust operations staff in Salt Lake City handles incoming and outgoing wire transfers, settlement of investments, bondholder record-keeping and payments, among a variety of "back-office" functions. However, all of these functions are performed at my direction, as administrator for my accounts. As Trustee and Paying Agent we would provide those services prescribed by the bond documents. Typically, those services include, during the Acceptance phase, the review of all sets of documents by our Corporate Trust department (conducted by myself as Administrator and by the assigned attorney named above). Upon Acceptance, our duties include the establishment of all accounts associated with the issue, the disbursement of bond proceeds in accordance with the bond documents, the investment of all funds held in each account in accordance with the bond documents, the maintenance of all required records relating to the bond issue, and all other administrative activities associated with a bond issue. These activities will continue throughout the entire period that the bonds are outstanding. Consequently, close communications will be solicited and developed between the bond administrator and the Marion County staff assigned to the issue. As Paying Agent, First Security Bank, National Association would provide all services necessary for that appointment. Our services as Registrar and Paying Agent include maintaining registration records on our system, handling redemptions, if necessary, providing audit confirmations as requested, paying interest and principal on each payment date, and providing the billings far those interest and principal payments. 2. Exhibit A provides specific information about a selection of ten (10) financings, all for Oregon clients and all under my administration, for which First Security Bank serves as Trustee. 3. The Bond Trustee and Paying Agent's Initial Fee and First Year Annual Administration Fee are billed immediately after the bond issue has closed. They include the review of all sets of documents by our Corporate Trust Services team (in-house counsel and administrator), the establishment of all accounts for the first year, and the administration, investment, and disbursement of funds for these accounts during the first year. In the event that the transaction participants require an opinion of Trustee's