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<br />EXHIBIT 2 Page 3
<br />$22,000,000 .
<br />CERTIFICATES OF PARTICIPATION
<br />MA~R ONHC~OUNTY~UOREGO OJECT) 1998 SERIES A
<br />PROOF OF BOND YIELD REPORT
<br />~OND YIELD : 4.832636507~
<br />PERIOD NET OF ISSUED
<br />ENDING /MATURING TARGET VALUE PRESENT
<br />COMPONENTS VALUE FACTOR PRESENT
<br />VALUE
<br />PRZNCIPAL ENTERED
<br />INTEREST ADJOSTMENTS
<br />TOTAL PRESENT
<br />VALUE FACTOR
<br />PRESENT VALUE
<br />2/16/98 -42,323.33 42,323.33(1) 1.000000000 42,323.33 1.000000000
<br />1.000000000
<br />2/16/98 134,000.00 -134,000.00(3) 1.000000000 -134,000.00 1.000000000
<br />2/16/98 -22,000,000.00 22,000,000.00(4) 1.000000000 22,000,000.00 000000000
<br />1
<br />2/16/96 74,933.40 -74,933.40(2) 1.000000000 -74,933.90 507
<br />880
<br />00 507,880.00 .
<br />0.976351550 496,885.19
<br />i6/O1/99
<br />2/O1/99 0.978351550
<br />0.955269205 ,
<br />.
<br />507,880.00
<br />0
<br />00 507,880.00
<br />00
<br />880
<br />507 0.955269205
<br />0.932731445 485,162.12
<br />473,715.65
<br />~6/O1/00
<br />2/O1/00 0.932731445
<br />0.910725421 507,88
<br />.
<br />507,880.00
<br />00 .
<br />,
<br />507,880.00
<br />880
<br />00
<br />087
<br />1 0.910725421
<br />O.BB9238586 462,539.23
<br />967,384.87
<br />i6/O1/O1 580,000.00 0.889238586 580,000.00 507,880.
<br />00
<br />497
<br />005 .
<br />,
<br />,
<br />497,005.00 0.868258693 431,528.91
<br />2/O1/O1
<br />i6/Ol/02 600,000.00 0.868258693
<br />0.847773780 600,000.00 ,
<br />.
<br />497,005.00 1,097,005.00
<br />455
<br />00
<br />485 0.847773780
<br />827772170
<br />0 930,012.08
<br />401,846.14
<br />2/O1/02
<br />i6/O1/03 625,000.00 0.827772170
<br />0.808242460 625,000.00 485,455.00
<br />485,455.00
<br />25 .
<br />,
<br />1,110,455.00
<br />111
<br />25
<br />473 .
<br />0.808242460
<br />0.789173517 897,516.88
<br />373,366.87
<br />2/O1/03
<br />i6/O1/04 650,000.00 0.789173517
<br />0.770554468 650,000.00 473,111.
<br />473,111.25 .
<br />,
<br />1,123,111.25
<br />75
<br />459
<br />948 0.770554468
<br />0.752374701 865,418.39
<br />346,053.80
<br />2/O1/09
<br />~6/O1/OS 675,000.00 0.752374701
<br />0.'734623851 675,000.00 459,948.75
<br />459,948.75
<br />25 ,
<br />.
<br />1,139,948.75
<br />111
<br />25
<br />446 0.734623851
<br />0.717291798 833,760.42
<br />319,991.94
<br />2/O1/OS
<br />~6/O1/06 700,000.00 0.717291798
<br />0.700368662 700,000.00 446,111.
<br />446,111.25 ,
<br />.
<br />1,146,111.25
<br />586
<br />25
<br />431 0.700368662
<br />683844796
<br />0 802,700.40
<br />295,138.01
<br />2/O1/06
<br />io/O1/07 730,000.00 0.683844796
<br />0.667710778 730,000.00 431,586.25
<br />431,586.25 .
<br />,
<br />1,161,586.25
<br />256
<br />25
<br />416 .
<br />0.66'I710778
<br />0.651957412 775,603.66
<br />271,381.35
<br />2/O1/07
<br />~6/O1/OB 760,000.00 0.651957412
<br />0.636575717 760,000.00 416,256.25
<br />416,256.25 .
<br />,
<br />1,176,256.25
<br />106
<br />25
<br />400 0.636575717
<br />621556924
<br />0 748,776.17
<br />248,688.81
<br />2/O1/08
<br />~6/O1/09 795,000.00 0.621556924
<br />0.606892470 795,000.00 400,106.25
<br />400,106.25 .
<br />,
<br />1,195,106.25
<br />00
<br />815
<br />382 .
<br />0.606892470
<br />0.592573997 725,300.98
<br />226,846.21
<br />2/O1/09
<br />~6/O1/10 830,000.00 0.592573997
<br />0.578593340 830,000.00 382,815.00
<br />382,815.00 .
<br />,
<br />1,212,815.00
<br />00
<br />555
<br />364 0.576593340
<br />564942531
<br />0 701,726.66
<br />205,952.62
<br />2/O1/10
<br />~6/O1/11 865,000.00 0.564942531
<br />0.551613786 865,000.00 364,555.00
<br />364,555.00 .
<br />,
<br />1,229,555.00
<br />092
<br />50
<br />345 .
<br />0.551613786
<br />538599508
<br />0 678,239.49
<br />185,866.65
<br />2/O1/11
<br />~6/O1/12 905,000.00 0.538599508
<br />0.525892277 905,000.00 345,092.50
<br />345,092.50
<br />77
<br />50 .
<br />,
<br />1,250,092.50
<br />277
<br />50
<br />324 .
<br />0.525892277
<br />0.513484849 657,413.99
<br />166,511.58
<br />2/O1/12
<br />~6/O1/13 945,000.00 0.513484849
<br />0.501370150 945,000.00 .
<br />329,2
<br />324,277.50
<br />5 .
<br />,
<br />1,269,277.50
<br />25
<br />306
<br />302 0.501370150
<br />0.489541275 636,377.85
<br />147,991.39
<br />2/O1/13
<br />i6/O1/14 990,000.00 0.489541275
<br />0.4~7991480 990,000.00 302,306.2
<br />302,306.25 .
<br />,
<br />1,292,306.25
<br />041
<br />25
<br />279 0.477991480
<br />466714180
<br />0 617,711.38
<br />130,232.51
<br />2/O1/14
<br />io/O1/15 1,035,000.00 0.466714180
<br />0.455702946 1,035,000.00 279,041.25
<br />279,041.25
<br />00 .
<br />,
<br />1,314,041.25
<br />00
<br />460
<br />254 .
<br />0.455702946
<br />0.444951502 598,812.47
<br />113,222.36
<br />2/O1/15
<br />~6/O1/16 1,085,000.00 0.444951502
<br />0.434453717 1,085,000.00 254,460.
<br />254,460.00
<br />0 .
<br />,
<br />1,339,460.00
<br />00
<br />420
<br />228 0.434453717
<br />0.924203608 581,933.38
<br />96,896.59
<br />2/O1/16
<br />i6/O1/17 1,140,000.00 0.424203608
<br />0.414195331 1,140,000.00 228,420.0
<br />228,420.00
<br />0 .
<br />,
<br />1,368,420.00
<br />060
<br />00
<br />201 0.414195331
<br />0.404423180 566,793.17
<br />81,313.32
<br />2/O1/17
<br />i6/O1/18 1,190,000.00 0.404423180
<br />0.394881584 1,190,000.00 201,060.0
<br />201,060.00
<br />00 .
<br />,
<br />1,391,060.00
<br />00
<br />172
<br />500 0.394881584
<br />0.385565104 549,303.98
<br />66,509.98
<br />2/O1/18
<br />~6/O1/19 1,250,000.00 0.385565104
<br />0.376468429 1,250,000.00 172,500.
<br />172,500.00
<br />0
<br />00 ,
<br />.
<br />1,422,500.00
<br />00
<br />250
<br />141 0.376468429
<br />0.367586372 535,526.34
<br />51,921.58
<br />2/O1/19
<br />i6/O1/20 1,310,000.00 0.367586372
<br />0.358913871 1,310,000.00 .
<br />141,25
<br />141,250.00
<br />00
<br />00 .
<br />,
<br />1,451,250.00
<br />500
<br />00
<br />108 0.358913871
<br />0.350445980 520,873.75
<br />38,023.39
<br />2/O1/20
<br />i6/O1/21 1,375,000.00 0.350445980
<br />0.342177874 1,375,000.00 .
<br />108,5
<br />108,500.00
<br />00 .
<br />,
<br />1,483,500.00
<br />00
<br />74
<br />125 0.342177874
<br />0.334104838 507,620.88
<br />24,765.52
<br />2/O1/21
<br />~6/O1/22 1,445,000.00 0.334104838
<br />0.326222270 1,445,000.00 79,125.
<br />74,125.00
<br />00 ,
<br />.
<br />1,519,125.00
<br />00
<br />000
<br />38 0.326222270
<br />0.318525675 495,572.41
<br />12,103.98
<br />2/O1/22
<br />6/O1/23 1,520,000.00 0.318525675
<br />0.311010668 1,520,000.00 38,000.
<br />38,000.00 .
<br />,
<br />1,558,000.00 0.311010668 484,554.62
<br /> 07
<br />610
<br />166 93
<br />833
<br />389
<br />21 389.93
<br />833
<br />21 22,000,000.00 16,191,365.00 38,191,365.00 21,833,389.93
<br /> .
<br />, .
<br />,
<br />, ,
<br />,
<br />1) ACCRUED INTEREST
<br />2) ORIGINAL ISSUE DISCOUNT
<br />3) BOND INSURANCE
<br />4) PRINCIPAL AMOUNT OF THE CERTIFICATES
<br />RBITRAGE COMPLIANCE SPECIALISTS, INC.
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