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~+iUg+GGMRO EMBED Word.Picture.6 FACSIMILE COVER SHEET #PAGES: 1(Includes cover) DATE:. December 11, 1998 TO:. Billy Wasson, Marion County, Project Manager Ralph Grim, Marion County, Treasurer FROM: Sandy Bullock, Vice President, Corporate Sales 612 667-8910 fax 612 667-2534 Norwest Investment Services, Inc. (oNISIo) is a registered broker/dealer and a member of the NASD and SIPC. NISI is not a bank or thrift and is separate from any Norwest Bank of any other affiliated bank or thrift. NISI is solely responsible for its contractual obligations and commitments. Nondeposit investment products offered by NISI are not FDIC insured; are not bank deposits; are not obligations of, or guaranteed by, any bank, and are subject to investment risks, including the possible loss of principal invested. Until orders are confirmed, prices and yields are subject to change: Billy Wasson & Ralph Grim, Marion County Rate Comparison U.S.Treas. Govt Agency Disc Notes Commercial Paper Aaa/AAA Aaa/AAA A1/P1 1 mo 4.00-4.35~ 5.04~ 5.60~ 2 mo 4.42~ 5.00~ 5.22$ 3 mo 4.43~ 5.Olg 5.23~ 4 mo 4.45$ 4.97~ 5.10-5.15g 5 mo 4.47~ 4.90~ 5.02~ 6 mo 4.52~ 4.82~ 5.02~ AAA Rated Money Market Fund: 7 day avg 30 day avg. U.S.Government Fund (Repo~s, Federal Agencies, U.S.Treas) 4.54~ 4.61g Treasury Fund (U.S.Treas Obligations only) 4.12~ 4.15~ To Recap our conversation: I will touch base with Steve Gubrud, Trust acct manager, and ask him to talk to bond councel and update the permitted investments written in the indenture to include commercial paper, government sponsored agencies, and qualified money market fund. I just received the your fax with the permitted investments and will pass this on to Steve. Based on the anticipated funding needs you provided, I will put together a preliminary portfolio that will give you projected cash flows and earnings.