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lml� <br />City of Colton <br />March 3, 1993 <br />Page Two <br />Government Money Market Portfolios. Since no written direction <br />has been received by Union Bank as Fiscal Agent, the monies have <br />been invested in an appropriate taxable government money market <br />portfolio. However, no money market fund will grant an investor <br />a first perfected security interest in its collateral. <br />Therefore, since the requirement specified in paragraph (ix) <br />cannot be met, we request that it be deleted. <br />If you have any questions, please do not hesitate to contact me. <br />Sincerely, <br />C�� 4 �41�L <br />Dorothy K. Marks <br />Vice President and Counsel <br />Enclosure <br />cc: Gary H. Gideon <br />Andrew R. Ball <br />Stan Wolcott, Esq. <br />