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Mr. Billy Wasson November 9, 1998 Page 2 Recent Oregon issues for which U.S. Bank has been appointed as trustee include the following (all are dated in 1998): • Multnomah County Certificates of Participation, Series 1998 • City of Portland Limited Tax Revenue Bonds, Series 1998A • Oregon Housing Authority Mortgage Revenue Bonds, Series 1998A • Deschutes County Refunding Certificates of Participation, Series 1998 • Willamette Educational Services District Revenue Bonds, Series 1998 • School Districts Ass'n of Oregon FlexLease Certificates, Series 1998E • Portland Development Commission Multifamily Housing Revenue Bonds, Series 1998 (Collins Circle Project) • Samaritan Health, Inc. Gross Revenue & Refunding Bonds, Series 1998 • Multnomah County Revenue Bonds (Regional Children's Campus Project), Series 1998 • Salem Keizer School District #24J GO Advance Refunding Bonds, Series 1998 U.S. Bank is among the very few which maintain corporate trust offices in Portland. It is the only bank which does so and also maintains a commercial banking presence in Oregon. U.S. Bank is a member of the communities it serves in Oregon. We are proud of the fact that we are the only remaining bank offering the full array of banking services, including corporate trust services, through branches and offices located throughout Oregon. Marion County will be happy to know that a portion of the fees it pays to U.S. Bank goes to support many nonprofit organizations, including many housing agencies, in Oregon. Included among the bank's 1998 grants to support projects in Oregon are the following: •$45,000 to Linn County Affordable Housing •$25,000 to Hacienda Community Development Corporation in Portland •$25,000 to MacDonald Center in Portland .$25,000 to McMinnville Habitat for Humanity .$25,000 to Community and Shelter Assistance Corp. in Newberg •$25,000 to Community Development Corp. of Josephine County •$20,000 to Farmworker Housing Development Corp. •$20,000 to St. Vincent de Paul Society of Lane County .$15,000 to Tualatin Valley Housing Partners Marion County can leverage its resources by doing business with vendors like U.S. Bank that support nonprofit organizations and that employ substantial numbers of Oregonians, adding to the economic vitality of Salem and the entire state.