Disclosure for Advertising or Sales Literature to Institutional Investors Regarding CMO's

The products herein referred to as CMOs are "Collateralized Mortgage Obligation(s)". This communication is not, and is not to be construed as, a comparison or other discussion of the relative merits of CMOs and any other investment vehicle, including, without limitation, bank certificates of deposit. The government agency backing of a CMO applies only to the face value and not to any premium paid. A CMO's yield and average life will fluctuate depending on the actual rate at which mortgage holders prepay the mortgages underlying the CMO and changes in current interest rates.