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DORSEY & WHITNEY LLP <br /> • $725,000 General Obligation City of St. Anthony, Hennepin, <br /> Improvement Bonds, Series 1998A and Ramsey Counties, Minnesota <br /> -3- <br /> We have not been asked, and have not undertaken, to review the <br /> accuracy, completeness or sufficiency of any offering materials relating to the Bonds, <br /> and accordingly, we express no opinion with respect thereto. <br /> Dated: ; 1998. <br /> Very truly yours, <br /> • <br />