Top 25 Rankings of 2004

Bank-Qualified Issues

Rank

Firm

Principal
Amount (000s)

Number of
Issues

RBC Dain Rauscher Inc..............................................................

$917,900

212

Morgan Keegan & Co..................................................................

758,300

144

Piper Jaffray & Co........................................................................

658,900

197

Roosevelt & Cross Inc.................................................................

586,300

200

Legg Mason Wood Walker Inc.................................................

560,000

98

Robert W. Baird & Co.................................................................

531,400

151

George K. Baum & Co................................................................

527,200

109

Harris Trust & Savings Bank.....................................................

503,900

130

First Southwest Co.........................................................................

488,000

123

Griffin, Kubik, Stephens & Thompson, Inc......................

453,500

98

J.P. Morgan Securities, Inc.........................................................

450,900

101

A.G. Edwards & Sons Inc..........................................................

381,500

77

UBS Financial Services Inc........................................................

353,400

80

Seattle-Northwest Securities Corp...........................................

337,800

86

Wachovia Securities LLC............................................................

313,900

75

Kirkpatrick Pettis............................................................................

310,700

119

Wells Fargo Bank...........................................................................

305,400

106

Banc of America Securities LLC.............................................

276,400

51

Stifel, Nicolaus & Co....................................................................

274,700

69

Mellon Financial Markets LLC.................................................... ...................................................................................

256,300

34

PNC Capital Markets Inc............................................................

248,300

68

Northland Securities Inc...............................................................

247,000

166

Ross, Sinclaire & Associates, Inc.............................................

219,600

86

Ameritas Investment Corp..........................................................

215,900

151

Arthurs, Lestrange & Co.............................................................

207,900

31