Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
A003 - Bid tabulation dated December 14, 1993
TO: Mayor, City Council City Manager and Administrative Staff FROM: David M. Dirks EVENSEN DODGE, INC. SUBJECT: $3,825,000 General Obligation Corporate Purpose Bonds Today, December 14, 1993, the sealed bids tabulated below were received, opened and reviewed. The bids reflect and are indicative of the current conditions in the tax- exempt market. BIDDER ADDRESS $NIC (%1 NIR �ff/CAS a �9 ��a� � WE RECOMMEND AWARD TO A l i S 57- Thank you for the opportunity to be of service to the City. We are available to answer any questions you may have on this or any other issue in the future. 100 Court Avenue,Suite 215 Des Moines,1A 50309 515/282-6138 FAX 515/282-0252 371071/2 EVENSEN DODGE INC TABULATION OF BIDS SALE DATE: December 14, 1993 City of Ames,Iowa $3,825,000 General Obligation Corporate Purpose Bonds, Series 1994 Bond Years: 19,388.750 Dated: January 1, 1994 Due: June 1, 1994/2004 e Life: 5.07 Splits: 11 Price: Not less than$3,794,400 Average Bank Qualified: No BBI: 5.33% Rating: Aal (Moody's) AA (S&P) BIDDERS Address Year Rate Yi 1 CLAYTON BROWN& 1994 Price ASSOCIATES, INC. Chicago 1995 719 1 1996 1997 1998 NIC 2000 2001 2002 NIR 2003 - 2004 CHILES HEIDER/ 1994 Price LEHMAN BROTHERS Omaha 1995 7 1996 1997 1998 NIC 1999 C -z 2000 2001 2002 NIR 2003 2004 222 South Ninth Street,Suite 3800 100 Court Avenue,Suite 215 Minneapolis,MN 55402 Des Moines,IA 50309 612/338-3535 800/328-8200 515/282-6138 FAX 612/338-7264 FAX 515/282-0252 371070/1 ■ BIDDERS Address Year Rate yield HARRIS TRUST AND 1994 Price SAVINGS BANK Chicago 1995 FIRST NATIONAL BANK 1996 + OF AMES,IOWA Ames 1997 NORWEST INVESTMENT 1998 NIC SERVICES,INC. Des Moines 1999 � BOATMEN'S NATIONAL BANK 2000 OF ST.LOUIS St.Louis 2001 Firstar Bank of Milwaukee Milwaukee 2002 NIR Ruan Securities Des Moines 2003 American National Bank 2004 ` ' ` f and Trust Co.of Chicago Chicago Banc One Capital Corporation Milwaukee Coughlin and Company,Inc. Denver Dougherty,Dawkins, Strand &Bigelow Incorporated Minneapolis First St. Louis Securities inc. St.Louis Isaak Bond Investments, Inc. Denver Mesirow Financial Inc. Chicago Morgan Keegan&Co., Inc. Memphis Securities Corporation of Iowa Chicago United Missouri Bank of Kansas City,N.A. Kansas City U.S. Securities,Inc. Hartford A.H. Williams&Company Philadelphia KEMPER SECURITES,INC. Chicago 1994 Price 1995 !' 1996 �� 79 c;�� 7 00•L-Y-) 1997 1998 ]X 1999 2000 8 = r ' -7 2001 2002 NIR 2003 2004 r 371070/2 BIDDERS Address Year Rate Yiel PIPER JAFFRAY INC. Minneapolis 1994 u Price 1995 1996 - ? 1997 1998 NIC 2000 2001 2002 2003 Lj , Z 2004 —) ' RAYMOND JAMES AND 1994 Price ASSOCIATES Chicago 1995 l � �� { t � , 1997 1998 1999 Q- 0-7 `5 2000 f 2001 2002 jy�g 2003 2004 lt@BR �V:I3AR�3�c tGf9, INC. Milwaukee 1994 Price 1995 1996 1997 1998 2000 2001 2002 2003 q 2004 1 371070/3 OFFICIAL BID FORM Members of the City Council Sale Date: December 14, 1993 City of Ames, Iowa For the principal amount of$3,825,000 General Obligation Corporate Purpose Bonds, Series 1994 of the City of Ames, Iowa, legally issued and as described in the Notice of Sale of Bonds and Terms of Offering, we will pay the City $ (not less than $3,794,400) plus accrued interest on the total principal of $3,825,000 to date of delive ,provided the Bonds bear the following interest rates: Interest Interest Year Amount Rate Year Amount /Rate 1994 $300,000 °�� % 2000 $290,000 1995 420,000 % 2001 290,000 % 1996 420,000 5"ZJ % 2002 290,000 Q 1997 415,000 % 2003 290,000 `J O 1998 410 % 2004 290,000 % 000 �_ 1999 410,000 � 0/- The Bonds mature on June 1, in each of the years as indicated above and interest is payable June 1, 1994, and semiannually thereafter on December 1 and June 1 of each year. In making this offer, we accept the terms and conditions as defined in the Notice of Sale and Terms of Offering published in the Official Statement dated December 3, 1993. All blank spaces of this offer are intentional and are not to be construed as an omission. NOT PART OF THE BID Respectfully submitted, I Explanatory Note: According to our computation, ,� �✓ /� C� this bid involves the following: &/C ) � account M ager Net Interest Cost By r (A list of account members is on the reverse side of this proposal.) Net Interest Rate The foregoing offer is hereby accepted by and on behalf of the City of Ames, Iowa, this 14th day of December, 1993, (Title) (Title) OFFICIAL BID FORM Members of the City Council Sale Date: December 14, 1993 City of Ames, Iowa For the principal amount of$3,825,000 General Obligation Corporate Purpose Bonds, Series 1994 of the City of Ames, Iowa, legally issued and as described in the Notice of Sale of Bonds and Terms of Offering, we will pay the City $ ©T-(not less than $3,794,400) plus accrued interest on the total principal of$3,825,000 to date of delivery,provided the Bonds bear the following interest rates: Interest Interest Year Amount /? RRaatte� Year Amount Rate If/ 1994 $300,000 O`, 7'� % 2000 $290,000 �49 1995 420,000 "-10 % 2001 290,000 % 1996 420,000 5V % 2002 290,000 1997 415,000 % 2003 290,000 �!'..�"� % 0/0 1998 410,000 -5—% 2004 290,000 1999 410,000 _% The Bonds mature on June 1, in each of the years as indicated above and interest is payable June 1, 1994, and semiannually thereafter on December 1 and June 1 of each year. In making this offer, we accept the terms and conditions as defined in the Notice of Sale and Terms of Offering published in the Official Statement dated December 3, 1993. All blank spaces of this offer are intentional and are not to be construed as an omission. NOT PART OF THE BID Respectfully submitted, Explanatory Note: According to our computation, Chiles Heider Division this bid involves the followin Smith Barney Shearson �� Account Manager $ � � Net Interest Cost B ane Haw i s, AV (A list of account members is on the reverse side of /C . ,U (y° this proposal.) Net Interest Rate The foregoing offer is hereby accepted by and on behalf of the City of Ames, Iowa, this 14th day of December, 1993. (Title) (Title) DE -10-19K 11:53 FROM KSG &IDEROP I T I NG TO 916?23387264 P.02 O CIAL BUD FORM Members of the City Council Rale Bate Deocmber 14, 1993 Citv of Ames. Iowa For the priztcipal amount of$3,825,000 General Obligation Corporate F'urlxtso Bonds, Seines 1994 of the City 0f Ames.Iowa, legally issued and as described in the Notice of Sale of Bonds and Terms of C�&rin$,wr will pay the City 96) (no less than.$3,794,400) plus accrued interest on the total principal of$3,825,000 to date of deliverv,provided the Bond.*bear the followiag interest rates' interest Interott Rate Year oust Rate 1994 $300,0W 0/0 2000 $290,000 7 ZO % 1995 420,000 % 2001 290,000 191" 420,QW °r° 2002 290,000 �°lo 1997 415,000 0/0 2003 290,000 Sc� 19+98 410,000 C> % 2VA ;dYU,C m 1999 410,000 �,0-1-0/0 The Bonds mature on .iunc 1_ in ea:h of thy^years u indioatod above turd intcscst is payable Junc 1, 1994, arid scrniannually thereafter on December I and June 1 of each y:ar. In making this offer, we accept the terms and conditions as defined in the Noticc of Sala and Terms of Offering I111hlir'bcd Alt'.the official Stater=nl dat©d Decornber 3, 1993, All blank spaces of this Q ztx aru intentional and arc not to be construed as an omission. NOT T PXRT OF'1?4B BID Respectfully subxuitttxl, Explanatory Note: Accor&ng to Dur GoMput tigr1. this''oid involves the foIlowi S+Bfip o hiz Acoount ger Nct lntcxt Cast g V. V "`C„ Y (A list of account members is on the reverse side of Nct latcrcst Rate The foregoing offer is hereby ac.Wed by and on behalf of the City of Ames, Iowa, this 14th day of December, 1993. (Title) {'Title) TiilTA4 P.Fl;) I IUL E 1iJ= IIl L!E1_ 1J_1 ' I�. : ! 4 f'di . is11 F f� OFFICIAL BID FORM Meitibeis of the City Council Salc Dale December 14, 1993 City of Ames, IOW;t For the principal an►ount of$3,V? ,000 General Obligation Corpoiatc purpose Bonds. Scrics 1994 of the City of Anus, Iowa, legally issued and as descnbcd to file Notice of Salc of Bonds and Terms of Offering, Nve will pay the City s , y Vl Qt less than $3,794,400) plus accrued interest on the total principal of$3,825,000 to date of dclivcn%provided the Bonds bear the following interest rxtex: hllcl BRt Interest Yrar Apmunt Bete Ycdr Amount 1994 $3U0,0(JO �'�� 2U(JlJ $290,000 /} 1995 g2U,(1(1(J �SZS1—% 2001 290,000 )990 420,000 ? 5 % 2002 290,001) 1997 415,0(K) 2003 2'x1,000 19'.It( 41 Ujmu -�9� % 2004 29U,OU(J ]qyy 4)U,(JUU % 'fhe Bottdh. mature on June }, ill each of the years as indicated above and interest is pavablc Juue 1, 1994, and semiannually thereafter on December 1 and June 1 of each year. In making this offer, We,accept the ternis and conditions as defined in the Notice of Sale and Tcnus of Offering published in the Official Statement dated December 3, 1993. All blank spaces of this offer are intentional and are not to be cnnstmed as an omission. NOT PART OF TIIF.BID Respectfully submitted, Explanatory Notc. According to our computation, this bid involves the following: Is maccount P.SSOCIATES i _ Acc —- Nct Interest Cost By_of S.V.P. (A bers is on the reverse side of �/ go this proposa} j Net Interest Rate 312-559-1683 The foregoing offer is ttcreby accepted by and on behalf of the City of Ames, lows, this 14th dap of Dcceiubc), I993 ('11t1e> (Title) - - OFFICIAL BID FORM Members of the City Council Sale Date: December 14, 1993 City of Ames, Iowa For the principal amount of$3,825,000 General Obligation Corporate Purpose Bonds, Series 1994 of the City of Ames, Iowa legally issued and as described in the Notice of Sale of Bonds and Terms of Offering, we will pay the City $ 3j ) *n (not less than $3,794,400) plus accrued interest on the total principal of$3,825,000 to date of delivery,provided the Bonds bear the following interest rates: Interest Interest Year Amount Rate Year Amount Rate 1994 $300,000 -3�,o % 2000 $290,000 % 1995 420,000 0% 2001 290,000 % 1996 420,000 j % 2002 290,000 �% 1997 415,000 % 2003 290,000 S % 1998 410,000 3. % 2004 290,000 .SO % -1999 410,000 v % The Bonds mature on June 1, in each of the years as indicated above and interest is payable June 1, 1994, and semiannually thereafter on December 1 and June 1 of each year. In making this offer, we accept the terms and conditions as defined in the Notice of Sale and Terms of Offering published in the Official Statement dated December 3, 1993. All blank spaces of this offer are intentional and are not to be construed as an omission. NOT PART OF THE BID Respectfully submitted, Explanatory Note: According to our computation, this bid involves the following: Piper Jaffray Inc. Account ger Net Interest Cost By Xthis ho Managing Director 3 (A liace nt members is on the reverse side of proposal.) Net Interest kate The foregoing offer is hereby accepted by and on behalf of the City of Ames, Iowa, this 14th day of December, 1993. (Title) (Title) OFFICIAL BID FORM Members of the City Council Sale Date: December 14, 1993 City of Ames, Iowa For the principal amount of$3,825,000 General Obligation Corporate Purpose Bonds, Series 1994 of the City of Ames, Iowa, legally issued and as described in the Notice of Sale of Bonds and Terms of Offering, we will pay the City $ 3 " qyWes-49(not less than $3,794,400) plus accrued interest on the total principal of$3,825,000 to date of delivery,provided the Bonds bear the following interest rates: Interest Interest Year Amount Rate Year Amount Rate 1994 $300,000 3,:�'o % 2000 $290,000 y� /o 1995 420,000 -3 ,70 % 2001 290,000 yam% 1996 420,000 % 2002 290,000 1997 415,000 G % 2003 290,000 % 1998 410,000 % 2004 290,000 S % 1999 410,000 % The Bonds mature on June 1, in each of the years as indicated above and interest is payable June 1, 1994, and semiannually thereafter on December 1 and June 1 of each year. In making this offer, we accept the terms and conditions as defined in the Notice of Sale and Terms of Offering published in the Official Statement dated December 3, 1993. All blank spaces of this offer are intentional and are not to be construed as an omission. NOT PART OF THE BID Respectfully submitted, Explanatory Note: According to our computation, X��V" this bid involves the following: r`b �tiz c �j Account Manager Net Int rest Cost (A list of account members is on the reverse side of % this proposal.) Net Interest Rate The foregoing offer is hereby accepted by and on behalf of the City of Ames, Iowa, this 14th day of December, 1993. (Title) (Title) I REPORT OF BIDS CITY OF AMES $39825,000 General Obligation Corporate Purpose Bonds December 14, 1993 100 Court Avenue, Suite 215 Des Moines,1A 50309 515/282-6138 FAX 515/282-0252 371071/1 TO: Mayor, City Council City Manager and Administrative Staff FROM: David M. Dirks EVENSEN DODGE, INC. SUBJECT: $3,825,000 General Obligation Corporate Purpose Bonds Today, December 14, 1993, the sealed bids tabulated below were received, opened and reviewed. The bids reflect and are indicative of the current conditions in the tax- exempt market. BIDDER ADDRESS S NIC (%1 NIR Harris Trust Chicago $811,366. 17 4. 1847 Paine Webber Inc. Chicago 833,203. 17 4.2973 Chiles Heider Omaha 834,560.95 4.3043 Kemper Securities Chicago 838,299. 17 4.3236 Clayton Brown Chicago 838,859. 15 4.3265 Piper Jaffray Minneapolis 841,364. 79 4.3394 Raymond James Chicago 850,207.52 4.38 WE RECOMMEND AWARD TO Harris Trust et al of Chicago Thank you for the opportunity to be of service to the City. We are available to answer any questions you may have on this or any other issue in the future. 100 Court Avenue, Suite 215 Des Moines,IA 50309 515/282-6138 FAX 515/282-0252 371071n SENT BY: ;12-14-93 ; 3:29PM EVENSEN DODGE 515 239 5325;4 2 COMPARABLES FOR THE CITY OF AMES Issuer; WEST DES MOINES FARNINGTON AMES, CSD,IOWA ISD NO.192,MN IA Amount: $8,055,000 $17,095,000 $3,825,000 Type: G.O. G.O. G.O. Bank Qualified: Yes No No Insured: No No No Rating: Aa Al Aal (Moody's) (Moody's) (Moody's) AA AA (S&P) (S&P) Year Yield Yield Yield 98 Scale 1994 2.70% -- 2.50% 2.50% 1995 3.00% - 3.00% 3.20% 1996 3.30% 3.50% 3.40% 3.45% 1997 3.55% 3.70% 3.60% 3.70% 1998 3.75% 3.90% 3.80% 3.90% 1999 3.90% 4.00% 4.00% 4.05% 2000 4.00% 4.200,/o 4.10% 4.20% 2001 4.15% 4.30% 4.25% 4.30% 2002 4.20% 4.40% 4.35% 4.40% 2003 4.30% 4.50% 4.45% 4.50% 2004 -- 4.65% 4.55% 4.60% compG18/1 SENT BY: ;12-14-93 ; 3:30PM EVENSEN DODGE— 515 239 5325;;: 3 $3,825,000 General Obligation Bonds, Series 1994 City of Ames, Iowa Final Based on the Harris Trust & Savings Bank Bid --------------------- --------------------- DEBT SERVICE SCHEDULE DATE PRINCIPAL COUPON INTEREST PERIOD TOTAL FISCAL TOTAL -------- -------------- ---------- -------------- -------------- -------------- 6/ 1/94 300,000.00 3.900000 63,779.17 363,779.17 363,779.17 12/ 1/94 70,685.00 70,685.00 6/ 1/95 420,000.00 3.950000 70,685.00 490,685.00 561,370.00 12/ 1/95 62,390.00 62,390.00 6/ 1/96 420,000.00 4.000000 62,390.00 482,390.00 544,780.00 12/ 1/96 53,990.00 53,990.00 6/ 1/97 415,000.00 4.006000 53,990.00 468,990.00 522,950.00 12/ 1/97 45,690.00 45,690.00 6/ 1/98 410,000.00 4.000000 45,690.00 455,690.00 501,380.00 12/ 1/98 37,490.00 37,490.00 6/ 1/99 410,000.00 4.000000 37,490.00 447,490.00 484,980.00 12/ 1/99 29,290.00 29,290.00 6/ 1/ 0 290,000.00 4.000000 20,290.00 319,290.00 348,580.00 12/ 1/ 0 23,490.00 23,490.00 6/ 1/ 1 290,000.00 4.000000 23,490.00 313,490.00 336,980.00 12/ 1/ 1 17,690.00 17,690.00 6/ 1/ 2 290,000.00 4.000000 17,690.00 307,690.00 325,380.00 12/ 1/ 2 11,890.00 11,890.00 6/ 1/ 3 290,000.00 4.100000 11,890.00 301,890.00 313,780.00 121 1/ 3 5,945.00 5,943.00 6/ 1/ 4 290,000.00 4,100000 5,945.00 295,945.00 301,890.00 -------------- .............. .............. 3,825,000.00 780,879.17 4,605,879.17 ACCRUED �,e2s,00a.00 780,879.17 4,605,879.17 Dated 1/ 1/94 with Delivery of 1/ 1/94 Bond Yeora 19,330.750 Average Coupon 4.027486 Average Life 5.068954 N I C X 4.184727 X Using 99.20291542 RUNDATE: 12-07-1993 @ 07:47:16 FILENAME: AMES KEY: 93G SENT BY: ;12-14-33 , 3:31PM ; EVENSEN DOD3E— 515 239 5325;:. 0 $3,825,000 General obligation Bonds, Series 1994 City of Ames, Iowa Final-4610,000 Solid Waste Improvements DEBT SERVICE SCHEDULE DATE PRINCIPAL COUPON INTEREST PERIOD TOTAL FISCAL TOTAL ------ ---------- 12/ 1/94 22,194.79 22,194.79 - - - - 6/ 1/95 125,000.00 3.900000 12,106.25 137,106.25 159,301.04 12/ 1/95 9,668.75 9,668.75 6/ 1/96 125,000.00 3.950000 9,668.75 134,668.75 144,337.50 12/ 1/96 7,200.00 7,20C.00 6/ 1/97 120,000.00 4.000000 7.200.00 127,200.0o 134,400.00 12/ 1/97 4,800.00 4,800.00 6/ 1/98 120,000.00 4.000000 4,800.00 124,800.00 129,600.00 12/ 1/98 2,4o0.00 2,400.00 6/ 1/99 120,000.00 4.000000 2,400.00 122,400.00 124,800.00 -- -------------- ACCRUED 610,000.00 82,438.54 692,438.54 610,000.00 82,433.54 692,438.54 Dated 1/ 1/94 with Delivery of 1/ 1/94 Bond Years 2,069.167 Average Coupon 3.984142 Average Life 3.392077 N I C X 4.219115 X Using 99.2029541 RUNDATE: 12-07.1993 0 08:00:14 FILENAME: AMES KEY: 93D SENT BY: ;12-14-93 , 3.31PM EVENSEN DODGE 515 239 5325;;; 7 $3,825,000 General Obligation Bonds, Series 1994 City of Ames, Iowa Final-S1,066,000 Mun. Waterworks System Improvements DEBT SERVICE SCHEDULE DATE PRINCIPAL COUPON INTEREST PERIOD TOTAL FISCAL TOTAL --------- 6/ 1/94 101,000.00 3.900000 17,782.92 118,782.92 118,782.92 12/ 1/94 19,370.00 19,370.00 6/ 1/95 100,000.00 3.950000 19,370.00 119,370.00 138,740.00 12/ 1/95 17,395.00 17,395.00 6/ 1/96 100,000.00 4.000000 17,395.00 117,395.00 134,790.00 12/ 1/96 15,395.00 15,395.00 6/ 1/97 100,000.00 4.000000 15,395,00 115,395.00 130,790.00 12/ 1/97 13,395.00 13,395.00 6/ 1/98 95,000.00 4.000000 13,395.00 108,395.00 121,790.00 12/ 1/98 11,495.00 11,495.00 6/ 1/99 95,000.00 4.000000 11,495.00 106,495100 117,990.00 12/ 1/99 9,595.00 9,595.00 6/ 1/ 0 95,000.00 4.000000 9,595.00 104,595.00 114,190.00 12/ 1/ 0 7,695.00 7,695.00 6/ 1/ 1 95,000.00 4.000000 7,695.00 102,695.00 710 390.00 12/ 1/ 1 5,795.00 5,795.00 6/ 1/ 2 95,000.00 4.000000 5,795.00 100,795.00 106,590.00 12/ 1/ 2 3,895.00 3,895.00 6/ 1/ 3 95,000.00 4.100000 3,895.00 98,805.00 102,790.00 12/ 1/ 3 1,947.50 1,947.50 6/ 1/ 4 -95,000.00 4.100000 1,947.50 96,947.50 98,895.00 - -------------- ACCRUED 1,066,000.00 229,737.92 1,295,737.92 1,066,000.00 229,737.92 1,295,737.92 Dated 1/ 1/94 with Delivery of 1/ 1/94 Bond Years 5,699.167 Average Coupon 4,031079 Average Life 5.346310 N I C % 4.180162 % Using 99.2029540 RUNDATE; 12-07-1993 0 08:05:o1 FILENAME; AMES KEY: 93E SENT BY: ;12-14-93 ; 3:32PM ; EVENSEN DODGE 515 239 5325;» a AO $3,825,000 General Obligation Bonds, Series 1994 City of Ames, Iowa Final-$2,149,000 Street Improvements Portion DEBT SERVICE SCHEDULE -DATE PRINCIPAL COUPON INTEREST PERIOD TOTAL FISCAL TOTAL -------------- __ 6/ 1/94 199,000.00 3.900000 35,855.63 234,855.63 12/ 1/9 234,855.63 12/ 1/95 39,146.25 39,146.25 6/ 1/95 195,000.00 3.95000D 39,146.25 234,146.25 273,292.50 35,295.00 35,295.00 12/ 1/96 6/ 1/96 195,000.00 4.000000 35,295.00 230,295.00 265,590.00 31,395.00 31,395.00 6/ 1/97 195,000.00 4.000000 31,395.00 226,395.00 257,790.00 12/ 119727,495.00 27,495.00 12/ 1/98 b/ 1/98 195,000.00 4.000000 27,495.00 222,495.00 249,990.00 23,595.00 23,595.00 12/ 1/9 6/ 1/99 0 195,000.00 4.000000 23,595.00 218,595.00 242,190.00 19,695.00 19,695.00 72/ 1/ 0 b/ 1/ 0 195,000.00 4.000000 19,695.00 214,695.00 234,390.00 15,795.00 15,795.00 6/ l/ 1 195,000.00 4.000000 15,795.00 210,795.00 12/ 1/ 1 11,895.00 ill M.00 226,590.00 6/ 1/ 2 195,000.00 4.000000 11,895.00 206,895.Oo 12/ 1/ 2 7,995.00 7,995.00 218,790.00 6/ l/ 3 195,000.00 4.100000 7,995.00 202,995.00 210,990.00 l 12/ / 3 3,997.50 3,997.50 6/ 1/ 4 ...195,000.00 4.100000 3,997.50 198,997.50 202,995.00 ACCRUED 2,149,000.00 468,463.13 2,617,463.13 -2,149,000.00 468,463.13 2,617,463.13 Dated 1/ 1/94 with Delivery of 1/ 1/94 Bond Years 11,620.417 Average Coupon 4.031180 Average life 5.407360 N 1 C X 4.046120 % using 99.9202954 RUNDATE: 12.07-1993 a 08:14:34 FILENAME: AMEs KEY: 93F