Municipal Bond New Issues

Wednesday, October 15, 2008 9:51AM
========================================
== PRELIMINARY PRICING

RE: $23,215,000*
Las Vegas (City of) Redevelopment Agency Tax Increment Revenue Bonds
Series 2008A


MOODY’S: S&P: A FITCH:

[More:]

DATED:10/30/2008 FIRST COUPON:12/15/2008 INTEREST
ACCRUES:10/30/2008

DUE: 06/15

ADD’L
TAKEDOWN
MATURITY AMOUNT* COUPON PRICE ( Pts )

06/15/2015 880M 5.50% 5.60 1/2
(Approx. $ Price 99.445)
06/15/2016 930M 5.75% 5.80 1/2
(Approx. $ Price 99.687)
06/15/2017 985M 5.75% 6.00 1/2
(Approx. $ Price 98.327)
06/15/2018 1,040M 6.00% 6.25 1/2
(Approx. $ Price 98.203)
06/15/2019 1,105M 6.25% 6.45 5/8

(Approx. $ Price 98.469)
06/15/2020 1,170M 6.50% 6.65 5/8
(Approx. $ Price 98.788)
06/15/2021 1,250M 6.625% 6.80 3/4
(Approx. $ Price 98.522)
06/15/2022 1,330M 6.75% 6.90 3/4
(Approx. $ Price 98.677)

06/15/2024 2,935M 6.75% 7.00 3/4

(Approx. $ Price 97.636)

06/15/2030 11,590M 7.00% 7.25 3/4
(Approx. $ Price 97.279)

—————————————

CALL FEATURES: Optional call in 06/15/2018 @ 100.00


—————————————





* - APPROXIMATE SUBJECT TO CHANGE

The manager reserves the right to terminate or extend the order period
prior to or later than the above-mentioned time and date and to confirm
bonds at their discretion.


The Award is expected on Thursday, October 16, 2008.

Delivery is firm for Thursday, October 30, 2008.

This Issue is book entry. This issue is clearing through DTC.


Stone & Youngberg LLC

By: Stone & Youngberg LLC San Francisco, CA

Wednesday, October 15, 2008 9:51AM