RE: $118,215,000*
State of Washington, Washington
General Obligation Bonds, Series 2011T
(Taxable)
COMPETITIVE ISSUE
Selling: Wednesday, July 28, 2010 at 08:00AM Pacific



                 *********************** ATTENTION **********************
THE BONDS ARE TAXABLE MUNICIPAL SECURITIES AND THIS OFFERING IS
SUBJECT TO REGULATION BY THE MUNICIPAL SECURITIES RULEMAKING BOARD. ALL
ACTIVITY UNDERTAKEN WITH RESPECT TO THIS OFFERING MUST BE SUPERVISED BY A
MUNICIPAL SECURITIES PRINCIPAL.

  MOODY'S: Aa1                S&P: AA+                FITCH: AA+                

  DATED:08/10/2010   FIRST COUPON:02/01/2011

  DUE: 08/01 

                                           ADD'L
                                           TAKEDOWN
MATURITY      AMOUNT*    COUPON     PRICE  ( Pts )
08/01/2011     11,545M SEALED BID
08/01/2012     11,660M
08/01/2013     11,830M
08/01/2014     12,070M
08/01/2015     12,365M
08/01/2016     12,725M
08/01/2017     13,145M
08/01/2018     13,620M
08/01/2019     14,150M
08/01/2020      5,105M                              

                    ---------------------------------------
                              TAXABLE INFORMATION

MATURITY     SPREAD VS. TREASURY   TREASURY    COUPON
                                    COUPON    MATURITY
08/01/2012                +40.00      0.625  06/30/2012
08/01/2013                +40.00      1.000  07/15/2013
08/01/2014                +65.00      1.000  07/15/2013
08/01/2015                +60.00      1.875  06/30/2015
08/01/2016                +85.00      1.875  06/30/2015
08/01/2017                +65.00      2.500  06/30/2017
08/01/2018                +95.00      2.500  06/30/2017
08/01/2019                +70.00      3.500  05/15/2020
08/01/2020                +90.00      3.500  05/15/2020

CALL FEATURES:  No optional call

                    ---------------------------------------

* - APPROXIMATE SUBJECT TO CHANGE