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Mr. Billy Wasson <br />November 3, 1998 <br />counsel, an out-of-pocket expense would be incurred. The Annual Administration Fee <br />for the Bond Trustee services includes all activity charges incurred from investment and <br />disbursement of fund balances. <br />The Annual Administration Bond Trustee and Paying Agent Fees for the second and <br />subsequent years are billed on the anniversary date of the issue. The Annual <br />Administration Fee includes the administration and investment of funds in all accounts, <br />in addition to any duties required by the transaction documents. Our fees for services as <br />Trustee and Paying Agent are detailed on the attached Exhibit B. <br />We appreciate your consideration of our fee proposal. Please feel free to contact me at <br />(503) 675-3300 if you have any questions about this fee proposal or if you require further <br />information. <br />Sincerely, <br />~~~~ <br />Alice Garrett <br />Vice President <br />AG: ag <br />enclosures <br />