Closed-End National Municipal Portfolio Series 7

matured

Deposit Date: 5/17/2006
Non-Reoffered Date: 10/12/2006
Termination Date: 5/11/2011

Performance

as of 5/11/2011

Trust

Cumulative Total Return1 Average Annual Total Return2
Distributions Reinvested 3 Month 6 Month YTD Since Inception 1 Year 3 Year 5 Year Since Inception
With Transactional Sales Charge (18385A237) -0.50% -5.37% -2.79% 15.03% -4.31% 3.83% 2.85%
Without Transactional Sales Charge (18385A252) 4.06% -0.99% 1.68% 20.39% 0.13% 5.40% 3.79%
Distributions Received in Cash
With Transactional Sales Charge (18385A229) -0.54% -5.43% -2.85% 11.48% -4.20% 3.18% 2.20%
Without Transactional Sales Charge (18385A245) 4.02% -1.05% 1.62% 16.68% 0.24% 4.75% 3.14%

Benchmark

   
Barclays Capital Municipal Bond 4.33% 0.09% 3.31% 21.05% 3.03% 4.82% 4.33%
to
Deposit Date: 5/17/2006
Non-Reoffered Date: 10/12/2006
Termination Date: 5/11/2011

Performance

between

Trust

Cumulative Total Return1 Average Annual Total Return2
Distributions Reinvested    
With Transactional Sales Charge (18385A237) 15.03% 2.85%
Without Transactional Sales Charge (18385A252) 20.39% 3.79%
Distributions Received in Cash    
With Transactional Sales Charge (18385A229) 11.48% 2.20%
Without Transactional Sales Charge (18385A245) 16.68% 3.14%

Benchmark

   
Barclays Capital Municipal Bond 21.05% 4.33%