University System of Maryland
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Continuing Disclosure Agreement
  
     An update of information in the Official Statement relating to Bonds as a whole and not by Institution (as defined in the Official Statement) contained under the heading "University System of Maryland' under subheading:
  
(a) "General Background - System Degree-granting Institutions - Enrollment - Fall",
(b) "Student Body - Undergraduate Applications for Fall Admission",
(c) "Student Body - Open Fall Enrollment",
(d) "Student Body - Number of Full-Time Equivalents Students",
(e) " Tuition - Annual Full-Time Undergraduate Tuition, Including Mandatory Fees",
(f) "Financial Aid - Student Financial Aid by Type of Aid",
(g) " Auxiliary Enterprise - Room and Board Charges",
(h) "Auxiliary Enterprise - Housing Availability",
(i) "Revenues and Expenditures - Statement of Revenues, Expenditures and Changes in Net Assets",
(j) "Contracts and Grants - Contracts and Grants Revenue by Source," and
(k) "Endowments".
  
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