June 20, 2006 Dear Bloomberg Municipal Repository 100 Business Park Drive Skillman, New Jersey 08558 DPC Data Inc. One Executive Drive Fort Lee, New Jersey 07024 FT Interactive Data Attn: NRMSIR 100 William Street New York, New York 10038 Standard & Poor's Securities Evaluations, Inc. 55 Water Street, 45th Floor New York, New York 10041 RE: Indiana University s Material Event Disclosure The attached certificates constitute Material Event Disclosure notice, with respect to the refunding portion of Trustees of Indiana University Student Fee Bonds, Series R, which closed on June 20, 2006. This notification is made pursuant to the Continuing Disclosure Undertaking Agreement between the Issuer and J.P. Morgan Trust Company, National Association (successor in interest to Bank One, N.A.), dated September 6, 1995 and May 6, 1998, as previously supplemented, relating to the following series, between the Issuer and J.P. Morgan Trust Company, National Association, (successor in interest to NBD Bank, N.A.). The following bonds have been defeased and are subject to refunding as the result of the above noted transaction: Bond Maturity Date Coupon Par Amount Call Date Call Price CUSIP Indiana University Student Fee Bonds, Series K Serial 08/01/2008 5.50% $ 7,025,000 08/01/2006 101.000 455167VJ2 Serial 08/01/2009 5.60% 12,570,000 08/01/2006 101.000 455167VK9 Serial 08/01/2010 5.70% 7,780,000 08/01/2006 101.000 455167VL7 $27,375,000 6/20/06; 1 of 6 Series R material event notice distributed
Indiana University Student Fee Bonds, Series L Serial 08/01/2010 5.00% $2,660,000 08/01/2008 101.000 455167XH4 Serial 08/01/2011 5.00% 2,795,000 08/01/2008 101.000 455167XJ0 Serial 08/01/2012 5.00% 2,935,000 08/01/2008 101.000 455167XK7 Serial 08/01/2013 5.00% 3,090,000 08/01/2008 101.000 455167XL5 Serial 08/01/2014 5.00% 3,245,000 08/01/2008 101.000 455167XM3 Serial 08/01/2015 5.00% 3,410,000 08/01/2008 101.000 455167XN1 Serial 08/01/2016 5.00% 3,585,000 08/01/2008 101.000 455167XP6 Serial 08/01/2017 5.00% 3,770,000 08/01/2008 101.000 455167XQ4 $25,490,000 Indiana University Student Fee Bonds, Series M Serial 08/01/2010 5.75% $2,610,000 08/01/2009 101.000 455167YB6 Serial 08/01/2011 5.75% 2,765,000 08/01/2009 101.000 455167YC4 Serial 08/01/2012 5.375% 2,920,000 08/01/2009 101.000 455167YD2 Serial 08/01/2013 5.45% 3,085,000 08/01/2009 101.000 455167YE0 Serial 08/01/2017 5.50% 3,890,000 08/01/2009 101.000 455167YJ9 Serial 08/01/2018 5.50% 2,805,000 08/01/2009 101.000 455167YK6 $18,075,000 Indiana University Student Fee Bonds, Series N Serial 08/01/2013 5.00% $1,575,000 08/01/2011 100.000 455167ZE9 Serial 08/01/2014 5.00% 1,655,000 08/01/2011 100.000 455167ZF6 Serial 08/01/2015 5.00% 1,740,000 08/01/2011 100.000 455167ZG4 Serial 08/01/2016 5.00% 1,825,000 08/01/2011 100.000 455167ZH2 $6,795,000 6/20/06; 2 of 6 Series R material event notice distributed
the Continuing Disclosure Undertaking Agreement, dated September 6, 1995 (the Agreement ), between the Obligor and J.P. Morgan Trust Company, National Association (successor in interest to NBD Bank, N.A.), as Counterparty, hereby certifies that the information enclosed herewith constitutes notice of the occurrence of a material event, which is required to be provided pursuant to Section 7 of the Agreement. 6/20/06; 3 of 6 Series R material event notice distributed
the Continuing Disclosure Undertaking Agreement, dated May 6, 1998 (the Agreement ), between the Obligor and J.P. Morgan Trust Company, National Association (successor in interest to NBD Bank, N.A.), as Counterparty, hereby certifies that the information enclosed herewith constitutes notice of the occurrence of a material event, which is required to be provided pursuant to Section 7 of the Agreement. 6/20/06; 4 of 6 Series R material event notice distributed
the Continuing Disclosure Supplement, dated November 15, 1999 (the Supplement), between the Obligor and J.P. Morgan Trust Company, National Association (successor in interest to NBD Bank, N.A.), as Counterparty, hereby certifies that the information enclosed herewith constitutes notice of the occurrence of a material event, which is required to be provided pursuant to Section 7 of the Agreement. 6/20/06; 5 of 6 Series R material event notice distributed
the Continuing Disclosure Supplement, dated June 28, 2001 (the Supplement), between the Obligor and J.P. Morgan Trust Company, National Association (successor in interest to NBD Bank, N.A.), as Counterparty, hereby certifies that the information enclosed herewith constitutes notice of the occurrence of a material event, which is required to be provided pursuant to Section 7 of the Agreement. 6/20/06; 6 of 6 Series R material event notice distributed