KATY ISD BOND SALE SCHEDULED FOR DEC. 1 & 2

Opportunity for public to buy
Katy ISD bonds

KATY ISD – Katy ISD
community members will have an opportunity to purchase Katy ISD bonds Wednesday,
Dec. 1 and Thursday, Dec. 2, as the first bonds are sold from the $459 million
bond authorization that was approved by voters this past November.

A total of$204,855,000 in bondswill
be sold in$5,000 denominations including$43,705,000 in Unlimited Tax
School Building Bonds, Series 2010-C; $155,000,000 in Unlimited Tax School
Building Bonds, Series 2010-D (Build America Bonds – Direct Payment to Issuer);
and $6,150,000 in Limited Tax Refunding Bonds, Series 2010-E.

Bonds will be guaranteed by The
Permanent School Fund of Texas and as such, theExpected Ratings for the bonds areAaa (PSF Insured)/Aa2 (Underlying) by Moody’s Investors
Service, Inc., and AAA (PSF Insured)/AA (Underlying) by Standard & Poor’s.

Those wanting to invest in Katy
ISD bond should read the entire Preliminary Official Statement prior to making
any investment decisions with regard to this issue. For a more complete
description of the bonds please contact the undersigned and request a copy of
the Preliminary Official Statement.

Bookrunning Senior Manager

Series 2010-C & 2010-E:

Wells Fargo Securities? (866) 287-3221

Wells Fargo Advisors, LLC

(713) 468-6552

Bookrunning Senior Manager

Series 2010-D:

Morgan Stanley? (800) 488-9888

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