EXHIBIT 99
ATTACHMENT 77G
For the period ending: 09/30/99
File number: 811-05009
DEFAULTS & ARREARS ON SENIOR SECURITIES
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1) El Paso County, Colorado The Powers Boulevard/Drennan Road Local
Improvement District 1985-2
In default: Interest
Nature of Default: District did not make full interest payment.
Date of Default: September 2000
Default per $1,000 face: $ 90,000
1) El Paso County, Colorado Pheasant Run Local Improvement District
1986-2
In default: Interest
Nature of Default: District did not make timely interest payment.
Date of Default: March, 1994
Default per $1,000 face: $ 50,588
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