About Speer Financial

National Financial Advisor Rankings:
Competitive Tax-Exempt Long-Term New Issues: 2003

	Financial Advisors	# of Issues	Rank Activity	Principal Amount (000,000)	Average Principal Amount (000,000)
1	Public Financial Management	472	1	$11,567.8	$24.51
2	Ehlers & Associates	357	2	1,261.4	3.53
3	First Southwest Company	302	3	4,081.8	13.52
4	Springsted Incorporated	273	4	2,947.1	10.80
5	Stephens Inc.	161	5	1,030.7	6.40
6	U.S. Bancorp Piper Jaffray Inc	133	6	809.7	6.09
7	Fiscal Advisors & Marketing, Inc.	132	7	819.4	6.21
8	Ross, Sinclaire & Associates, Inc.	112	8	683.5	6.10
9	Speer Financial, Inc.	100	9	680.8	6.81
10	Raney & Beardsley, Inc.	95	10	442.5	4.66
11	RBC Dain Rauscher	81	11	923.8	11.40
12	Bernard P. Donegan, Inc.	80	12	503.5	6.29
13	UniBank Fiscal Advisory Services	78	13	805.1	10.32
14	Morgan Keegan & Co. Inc	74	14	458.0	6.19
15	SWS Securities, Inc.	71	15	382.2	5.38
16	Robert W. Baird & Co. Incorporated	68	16	454.0	6.68
17	Munistat Services, Inc.	56	17	429.3	7.67
18	Public Resources Advisory Group	55	18	8,922.4	162.23
19	George K. Baum & Company, Inc.	54	19	424.8	7.87
20	Public Finance Associates	46	20	488.0	10.61
21	Kelling, Northcross & Nobriga	44	21	1,340.7	30.47
22	H.J. Umbaugh & Associates	42	22	331.1	7.88
23	New York Municipal Advisors Corp	36	23	433.1	12.03
24	Capital Markets Advisors LLC	31	24	549.2	17.71
25	Concord Public Financial Advisors Inc	28	25	334.5	11.95
26	Dale Scott & Company, Inc.	28	25	375.9	13.43
27	First Kentucky Securities Corporation	28	25	347.9	12.43
28	Johnson Consulting Group	25	25	602.2	24.09
29	Northcross, Hill & Ach LLC	18	26	337.3	18.74
30	P.G. Corbin & Company	18	26	337.3	18.74
31	Western Financial Group	18	26	458.8	25.49
32	A.G. Edwards & Sons, Inc.	17	27	755.5	44.44
33	Banc of America Securities LLC	17	27	734.6	43.21
34	Davenport & Company, LLC	17	27	790.2	46.48
35	Seattle Northwest Securities Corp	17	27	1,885.4	110.91
36	William R. Hough & Co.	17	27	562.4	33.08
37	BB&T Capital Markets	15	28	1,219.2	81.28
38	Howarth & Associates	15	28	862.5	57.50
39	Estrada Hinojosa & Company Inc	14	29	515.3	36.81
40	Montague DeRose & Associates	14	29	1759.7	125.69
41	Capital Fin Advisors Intl, LLC	11	30	327.8	29.80
42	Hobbs Ong & Associates	11	30	604.0	54.91
43	Government Finance Associates, Inc.	10	31	1,084.7	108.47
44	Kitahata & Company	10	31	518.4	51.84
45	Zions First National Bank	10	31	593.9	59.39
46	Public Advisory Consultants	8	32	761.1	95.14
47	Municipal Advisory Partners	7	33	530.40	75.77
48	Colombia Capital Manageent	6	34	811.7	135.28
49	Columbia Equity Finaicial Corp	4	35	770.9	192.73
50	Chapman	2	36	499.9	249.95
51	Public Sector Group, Inc.	2	37	428.8	214.4
	Totals	3,340		$59,580.2	$46.34
	Source: Thomson Financial Securities Data Company Note: Full Credit to each Financial Advisor