PARRS Rate Reset Calculation Illustrations

1999 Series A (TVE) Calculation

The coupon rate on the 1999 Series A ("TVE") PARRS may be reset downward, under certain conditions, on May 1 of each year. The coupon rate will be reset if the sum of the average of the U.S. Treasury 30-Year CMT rate for the week ending the last Friday in March, plus 0.84% (84 basis points), is less than the current coupon rate.

2009 Reset Calculation for TVE
Date		U.S. Treasury 30-YR CMT Rate (1)
03/23/2009		3.69%
03/24/2009		3.60%
03/25/2009		3.73%
03/26/2009		3.66%
03/27/2009		3.62%
	Average	3.660%
	+84 Basis Points (2)	0.840%
	= Calculated Rate(3)	4.500%
	Current Rate	5.174%
(1) Per 1999 Series A Offering Circular, and 1999 Series A Legal Notice
(2) Per 1999 Series A Offering Circular
(3) Coupon rate will reset if Calculated Rate is below the Current Rate.