UNITED GUARANTY

Insurance and Insurance-Related Services Rendered to Corporate and Other Commercial Clients-Namely, the Underwriting of Residential and[ Commercial Mortgage-Guaranty Insurance, Rent Guaranty Insurance,] Credit Insurance, Surety Insurance, and Casualty Insurance-- Administrative Services Rendered to Participants in Insurance Trusts; and Insurance-Agency Services Rendered to Financial Institutions and Administrative Services Rendered to Financial Institutions-Namely, Management Services in Connection with Mortgage Revenue Bond Issues