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custom RESEARCH SERVICES

INCOME SECURITIES ADVISORS RESEARCH SERVICES INFORMATION:
Income Securities Advisors provides customized private research studies on municipal and corporate bonds in default. For that purpose, we maintain an extensive historical database dating back to 1980 on municipal defaults, corporate defaults and high yield bonds.

FEES FOR SERVICES :
Research fees will depend upon the type and amount of information required. There is a minimum fee of $650 for any report requested.

HIGH YIELD BONDS :
We can provide a complete history of original issue high yield bonds, both historical issues and currently outstanding issues.

For further information on research or other publications offered by Income Securities Advisors contact:
JACK COLOMBO or RICHARD LEHMANN at (305) 557-1832 / FAX (305) 557-1454