$8,265,000*
Township of Patton, Centre County, Pennsylvania
General Obligation Bonds, Series of 2010

(1) Moody's Investors Service has assigned an 'Aa3' rating to the Bonds.

(2) In accordance with the "Bond Insurance"section of the Invitation to Bid, bidders have the option to bid for the Bonds without insurance, or with insurance from one of the following insurers at the respective premiums:

  
     Insurer               Premium     
     -------               ------- 
     AGM                   $33,200         
     Assured Guaranty      $33,200    

Both the Moody's rating fee and the insurance premium, if chosen, will be paid by the Issuer. If the bidder does not wish to insure the Bonds, "NONE" should be selected in the Insurance drop-down box. If the bidder wishes to insure a portion of the Bonds, the bidder should select "NONE" in the insurance drop-down box and notify the Financial Advisor of partial insurance for compliance and disclosure purposes. If partial insurance is used, such insurance premium must be included in the purchase price, but will paid by the Issuer.

If insurance is chosen as part of the bid, the premium will be factored into the calculation of TIC.

*Preliminary, subject to change


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