About Speer Financial

National Financial Advisor Rankings:
Competitive Tax-Exempt Long-Term New Issues: 2001

	Financial Advisors	# of Issues	Rank Activity	Principal Amount (000,000)	Average Principal Amount (000,000)
1	Ehlers & Associates	291	1	$1,274.2	$4.38
2	First Southwest Company	260	2	3,277.9	12.61
3	Public Financial Management	234	3	6,294.0	26.90
4	Springsted Incorporated	230	4	1,374	5.97
5	Evensen Dodge, Inc.	201	5	1,981.1	9.54
6	Speer Financial, Inc.	109	6	536.6	4.92
7	U.S. Bancorp Piper Jaffray Inc	104	7	668.3	6.43
8	Fiscal Advisors & Marketing, Inc.	101	8	655.2	6.49
9	SWS Securities	96	9	547.3	5.70
10	RBC Dain Rauscher	92	10	1,032.2	11.22
11	Bernard P. Donegan, Inc.	86	11	478.5	5.56
12	Stauder Barch & Associates	79	12	547.0	6.92
13	Ross, Sinclaire & Associates, Inc.	72	13	313.1	4.35
14	Bendzinski & Company	69	14	308.8	4.48
15	Robert W. Baird & Co. Incorporated	68	15	448.7	6.60
16	George K. Baum & Company, Inc.	62	16	561.9	9.06
17	Stephens Inc.	62	17	649.2	10.47
18	Munistat Services, Inc.	60	18	656.6	10.94
19	New York Municipal Advisors Corp	56	19	430.3	7.68
20	UniBank Fiscal Advisory Services	51	20	329.7	6.46
21	Fleet Bank, N.A.	42	21	400.5	9.54
22	Kelling, Northcross & Nobriga	42	22	590.3	14.05
23	Public Resources Advisory Group	39	23	5,589.3	143.32
24	Morgan Keegan & Co Inc.	34	24	723.1	19.03
25	Dale Scott & Company, Inc.	34	25	383.1	11.27
26	Public Finance Associates	34	26	336.4	9.89
27	A.G. Edwards & Sons, Inc.	27	27	533.7	19.77
28	Kirkpatrick, Pettis, Smith, Polian Inc.	26	28	365.9	14.07
29	Davenport & Company, LLC	20	29	631.6	31.58
30	Howarth & Associates	20	30	879.7	43.99
31	Legg Mason Wood Walker, Inc.	19	31	302.4	15.92
32	Estrada Hinojosa & Company	17	32	425.7	25.04
33	Regional Financial Advisors, Inc.	16	33	404.4	25.28
34	Seattle-Northwest Advisors, Inc.	15	34	1,761.6	117.44
35	Western Financial Group	15	35	341.7	22.78
36	BB&T Capital Markets	13	36	833.2	64.09
37	Municipal Advisory Partners	13	37	706.5	54.35
38	Banc of America Securities, LLC	11	38	329.4	29.95
39	Chapman Company	11	39	902.6	82.05
40	Zions First National Bank	11	40	581.1	52.83
41	Montague DeRose & Associates	10	41	1,619.3	161.93
42	Hobbs Ong & Associates	7	42	480.4	68.63
43	Stern Brothers & Co	7	43	331.6	47.37
44	Fiscal Strategies Group	5	44	310.0	62.10
45	Municipal Capital Management	5	45	378.0	75.60
46	Public Advisory Consultants	5	46	377.8	75.56
47	Lamont Financial Services Corp.	2	47	340.0	170.00
48	Lazard Freres & Co.	2	48	488.5	244.25
49	Financial Management Services	1	49	335.9	335.90
50	First American Municipals, Inc.	1	50	300.0	300.00
	Totals	2,891		$44,285.8	$15.32
	Source: Thomson Financial Securities Data Company Note: Full Credit to each Financial Advisor