050401 CATO-MERIDIAN                                                           
                                                                                    
                                                                                    
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             Amount Issued:      6,580,000   BLD                                    
 Date of Original Issuance:     03-Dec-96                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0001  011    5,645,200           0  4,432,100   1,213,100  19.0 107,258,800        
 0001  012      165,000           0          0     165,000  15.0   2,475,000        
 0004  007      190,000           0          0     190,000  15.0   2,850,000        
 0004  009       18,400           0          0      18,400  15.0     276,000        
 0004  010       19,000           0          0      19,000  15.0     285,000        
 5002  003       28,800           0          0      28,800  15.0     432,000        
___________________________________________________________________________         
              6,066,400                                          113,576,800        
                                                                                    
                       Blended Maximum Useful Life:         18.5                    
                             Original Term of Bond:         14.0                    
                      Selected Maximum Useful Life:         18.5                    
                       Period Prior to 1 July 2002:          6.0                    
              Sel. Remaining Term for Amortization:         12.0                    
             Principal Outstanding as of July 2002:    4,125,000                    
                             Assumed Interest Rate:       4.582%                    
       Debt Service for Amortization Year 6 of 12 :      450,692                    
                                      Bond Percent:     100.000%                    
 Aidable Debt Service for Amortization Year 6 of 12      450,692                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):                4,359,000      
  B. Bond Percent:                                                    100.000%      
  C. Applicable Building Aid Ratio:                                      87.9%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):      3,625,875      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)          4,125,000      
  F. State Share Ratio: (D / E)                                          87.9%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                     8,762      
  H. Total Variable Costs of Refinancing (SA132-A # 23):               119,248      
  I. State Share of Variable Costs Aided at 100%:( H * F)              104,819      
  J. Total Principal Added(A - E - G - H):                             105,990      
  K. State Share of Additional Principal Aided at 100% (J * F):         93,165      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                206,746      
  M. Local Share of Variable Costs Aided at State Share (H - I):        14,429      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                    958      
  Assumed Debt Service for State Share of Variable Costs:               11,452      
  Assumed Debt Service for State Share of Additional Principal:         10,180      
  Assumed Debt Service for Local Share of Variable Costs: *              1,576      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
                                                                                    
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             Amount Issued:      2,685,000   BLD                                    
 Date of Original Issuance:     15-Apr-97                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0001  014    2,735,000           0          0   2,735,000  15.0  41,025,000        
 0004  011       65,000           0          0      65,000  15.0     975,000        
___________________________________________________________________________         
              2,800,000                                           42,000,000        
                                                                                    
                       Blended Maximum Useful Life:         15.0                    
                             Original Term of Bond:         10.0                    
                      Selected Maximum Useful Life:         15.0                    
                       Period Prior to 1 July 2002:          5.0                    
              Sel. Remaining Term for Amortization:         10.0                    
             Principal Outstanding as of July 2002:    1,579,675                    
                             Assumed Interest Rate:       4.500%                    
       Debt Service for Amortization Year 6 of 10 :      197,908                    
                                      Bond Percent:     100.000%                    
 Aidable Debt Service for Amortization Year 6 of 10      197,908                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
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End of Report                                                                       
                                                                                    
                                                                             

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