Muni ETFS 10/10/2007

Decent volume in both National Products today. MUB from Barclays showed volume of 15,600 shares and TFI from State Street registered 58,000 shares. Both Barclays State name ETFs-Calif and NY showed less volume but given their infancy that is to be expected. The game gets muddier tomorrow with the launch of three Powershares products. They are PZA, PZT and PWZ. All are insured products representing a National product plus Calif and NY. early indication is that there is building interest in these products. Van Eck is still scheduled for their Muni products in late October to early November.

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