Project:  Series G provided for the construction of a parking lot at WCSU and other miscellaneous capital projects at other CSU campuses.  Series H refunded selected maturities of Series B, Series C, Series D and Series E bonds.  The 2003 Series E bonds financed construction of residence halls at Eastern CSU and Southern CSU and a residence hall and student center at Western CSU.

Structure:  $50,595,000 Series G Issue was structured as a fixed rate transaction and was issued through a competitive bid process.  $48,515,000 Series H was also a fixed rate transaction issued thorugh a competitive bid process.

Closing Date:  June 17, 2005.

Results:  The true interest cost on Series G was 4.09%, and 3.74% for Series H.

Financing Team:  Citigroup Global Markets, Inc.; Day, Berry & Howard LLP; Financial Security Assurance, Inc.; Public Financial Management; State of Connecticut Attorney General; U.S. Bank, N.A.; Wachovia Bank.