S T A T E   O F   A R I Z O N A

S T A T E   T R E A S U R E R ' S   O F F I C E

W A T E R M A R K   I N V E N T O R Y

INVESTMENTS OUTSTANDING AS OF 10/31/07  (SETTLEMENT BASIS)

*** CARRY-BASIS IS BOOK-VALUE AMORTIZED THROUGH 10/31/07 ***

*** LGIP (7) ***

 

                                                                                                                                  

==============================================================================================================================================

 Pos#   Sec-Id     Description      RATE  Maturity  YIELD MOO  S&P  POSITION-SIZE  #   PRICE   $  CARRY-BASIS    MARKET-VALUE  * $-ABOVE/BELOW

------ -------- ------------------ ------ -------- ------ ---- ---- -------------- - --------- - -------------- -------------- - -------------

 

                                                 TRI-PARTY REPO-TSY COLLAT (   7)

                                                 --------------------------------

 59949 TPCG0514 CITIGROUP GLOBAL M  4.400 11/01/07  4.400 Aaa  AAA  109,000,000.00   100.00000 2 109,000,000.00 109,000,000.00               

 59796 TPDB0227 DEUTSCHE BANK       4.620 12/14/07  4.620 Aaa  AAA   70,000,000.00   100.00000 2  70,000,000.00  70,000,000.00               

 59948 TPDB0231 DEUTSCHE BANK       4.500 11/01/07  4.500 Aaa  AAA   1373000000.00   100.00000 2  1373000000.00  1373000000.00               

 59945 TPMS0293 MIZUHO SECURITIES   4.400 11/15/07  4.400 Aaa  AAA  150,000,000.00   100.00000 2 150,000,000.00 150,000,000.00               

                                                   ======           --------------               -------------- --------------   -------------

                                                    4.490            1702000000.00                1702000000.00  1702000000.00               

 

    4 ITEMS IN SUBTOTAL FOR:  TRI-PARTY REPO-TSY COLLATERAL    (TYPE    7)

 

 

                                                 U.S. TREASURY NOTES & BON (  12)

                                                 --------------------------------

 58183 9128274F U S TREASURY NOTE   5.625  5/15/08  5.009 Aaa  AAA   10,000,000.00   100.77300 2  10,031,740.20  10,077,300.00       45,559.80

 58179 912828FE U S TREASURY NOTE   4.875  5/15/09  4.843 Aaa  AAA   40,000,000.00   101.33600 2  40,018,211.13  40,534,400.00      516,188.87

 56651 912828FJ U S TREASURY NOTE   5.125  6/30/08  5.052 Aaa  AAA   15,000,000.00   100.63300 2  15,006,582.45  15,094,950.00       88,367.55

 58192 912828FJ U S TREASURY NOTE   5.125  6/30/08  4.976 Aaa  AAA   20,000,000.00   100.63300 2  20,018,296.37  20,126,600.00      108,303.63

 56657 912828FM U S TREASURY NOTE   5.000  7/31/08  5.046 Aaa  AAA   15,000,000.00   100.60938 2  14,995,037.71  15,091,406.25       96,368.54

 58223 912828FM U S TREASURY NOTE   5.000  7/31/08  5.022 Aaa  AAA   30,000,000.00   100.60938 2  29,994,020.15  30,182,812.50      188,792.35

 57438 912828FR U S TREASURY NOTE   4.875  8/31/08  4.786 Aaa  AAA   50,000,000.00   100.56250 2  50,034,254.52  50,281,250.00      246,995.48

                                                   ======           --------------               -------------- --------------   -------------

                                                    4.915           180,000,000.00               180,098,142.53 181,388,718.75    1,290,576.22

 

    7 ITEMS IN SUBTOTAL FOR:  U.S. TREASURY NOTES & BONDS      (TYPE   12)

 

 

                                                 AGENCY MTN (30/360) 2X    (  21)

                                                 --------------------------------

 59594 911759CC HUD                 6.610  8/01/08  6.610 Aaa  AAA    3,560,000.00   100.50000 2   3,575,131.93   3,577,800.00        2,668.07

                                                   ======           --------------               -------------- --------------   -------------

                                                    6.610             3,560,000.00                 3,575,131.93   3,577,800.00        2,668.07

 

    1 ITEM IN SUBTOTAL FOR:   AGENCY MTN (30/360) 2X           (TYPE   21)

 

                                                   ======           --------------               -------------- --------------   -------------

                                                    4.534            1885560000.00                1885673274.46  1886966518.75    1,293,244.29

 

   12 ITEMS IN SUBTOTAL FOR:  LGIP-GOVERNMENT                  (FUND    7)