Contract

Exhibit 99

X. X. XXXXXX XXXXX & CO.

And

XXXXXX GUARANTY TRUST COMPANY OF NEW YORK

As of December 31, 2000, Xxxxxx Guaranty Trust Company of New York ("Xxxxxx Guaranty") was a wholly owned bank subsidiary of X.X. Xxxxxx Xxxxx & Co., a Delaware corporation whose principal office is located in New York, New York. Xxxxxx Guaranty was a commercial bank offering a wide range of banking services to its customers both domestically and internationally. Its business was subject to examination and regulation by Federal and New York State banking authorities.

On November 10, 2001, X. X. Xxxxxx & Co. merged with The Chase Manhattan Bank. Upon consummation of the merger, The Chase Manhattan Bank changed its name to XX Xxxxxx Xxxxx & Co.

The following table sets forth certain summarized financial information of X.X. Xxxxxx Xxxxx & Co. and for Xxxxxx Guaranty as of the dates and for the periods indicated. The information presented for the years ended December 31, 2005, 2004, 2003, 2002, and 2001 in accordance with generally accepted accounting principles.

As of or for the year ended December 31,									Heritage XX Xxxxxx Xxxxx Only
(Dollars in millions)		2005			2004 (e)			2003				2002			2001
Balance Sheet Data
Total Loans	$	419,148		$	402,114		$	214,766			$	216,364		$	217,444
Total Assets	$	1,198,942		$	1,157,248		$	770,912			$	758,800		$	693,575
Total Deposits	$	554,991		$	521,456		$	326,492			$	304,753		$	293,650
Total Liabilities	$	1,091,731		$	1,051,595		$	724,758			$	716,494		$	652,476
Allowance for Credit Losses	$	7,490		$	7,812		$	4,847			$	5,713		$	4,806
Stockholder's Equity	$	107,211		$	105,653		$	46,154			$	42,306		$	41,099

As of or for the year ended December 31,									Heritage XX Xxxxxx Xxxxx Only
(Dollars in millions)		2005			2004 (e)			2003				2002			2001
Income Statement Data
Total Net Revenue	$	54,533		$	43,097		$	33,384			$	29,619		$	29,344
Provision for Credit Losses	$	3,483		$	2,544		$	1,540			$	4,331		$	3,182
Net Revenue After
Provision for Credit Losses	$	51,050		$	40,553		$	31,844			$	25,288		$	26,162
Noninterest Expense	$	38,835		$	34,359		$	21,816			$	22,764		$	23,596
Income before Income Taxes	$	12,215		$	6,194		$	10,028			$	2,519		$	2,566
Income Taxes	$	3,732		$	1,728		$	3,309			$	856		$	847
Net Income	$	8,483		$	4,466		$	6,719			$	1,663		$	1,694
(e) 2004 results include six months of the combined Firm's results and six months of JPMorgan Chase results.

X.X. Xxxxxx Xxxxx & Co. will provide without charge a copy of the Form 10-K for the fiscal year ended December 31, 2005 and a copy of the most recent quarterly Consolidated Reports of Condition and Income filed with the Board of Governors of the Federal Reserve System, with exhibits omitted. Written requests should be directed to: Office of the Secretary, X.X. Xxxxxx Xxxxx & Co., 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000.

The information set forth above relates to and has been obtained from X.X. Xxxxxx Xxxxx & Co. The delivery of this 10-K shall not create any implication that there has been no change in the affairs of X.X. Xxxxxx Xxxxx & Co since the date hereof, or that the information contained herein or referred to above is correct as of any time subsequent to its date.

Pursuant to the requirements of Section 13 or 15(d) of the Securities Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of Fairfax, Commonwealth of Virginia on the 30th day of March, 2006.

RURAL ELECTRIC COOPERATIVE GRANTOR TRUST (KEPCO) SERIES 1997

                         By:      NATIONAL RURAL UTILITIES COOPERATIVE
                                    FINANCE CORPORATION as Servicer

                                    By:       /s/ XXXXXXX X. XXXXXXXX
Xxxxxxx X. Xxxxxxxx, Governor and
       Chief Executive Officer