NATIONAL UNDERGROUND RAILROAD Schedule 1

FREEDOM CENTER CONFIDENTIAL DO NOT

"FULL FUNDING ANALYSIS OCFC" COPY OR DISTRIBUTE
February 2007 Presentation
(Update to Early 2005 Presentation) 02/24/07

Project Project
Project Status Status Cont. Fully To
In Millions- Plan 12/31/04 Change 12/31/06 Plan Funded Go NOTES
Private-
Capital Campaign 63.0 63.0 0.0 63.0 0.0 63.0 0.0 2
Other Revenues 3.1 3.1 0.0 3.1 0.0 3.1 0.0
Other Programs 0.8 0.8 0.0 0.8 0.0 0.8 0.0
Total Private Revenues 66.9 66.9 0.0 66.9 0.0 66.9 0.0
Government
City 6.0 6.0 0.0 6.0 0.0 6.0 0.0
State ($4.2 and $2.0 million appropriated 1/05 and 12/06) 15.8 8.8 6.2 15.0 0.0 15.0 0.8 3
Federal-
DOI 15.9 15.9 0.0 15.9 0.0 15.9 0.0
DOE 6.3 6.3 0.0 6.3 0.0 6.3 0.0
Others (private or public-derived from on-going surpluses) 3.8 0.0 0.0 0.0 0.0 0.0 3.8 3
Total Direct Federal Grants 26.0 22.2 0.0 22.2 0.0 22.2 3.8
Total Government 47.8 37.0 6.2 43.2 0.0 43.2 4.6
Total Cash Related Revenues 114.7 103.9 6.2 110.1 0.0 110.1 4.6
Other Fully Funded Initiatives-
Other shortfall preliminary 2004 to be raised 1.2 0.0 0.0 0.0 0.0 0.0 1.2
Other shortfall late 2004, 2005 net of 2006 surplus 1.9 0.0 0.0 0.0 0.0 0.0 1.9
Shortfall Pre Earnings on approved bond financing 117.8 103.9 6.2 110.1 0.0 110.1 7.7 (A)
Reductions In Shortfall-
Commitments as of 12/31/06-Bridge to the Future 0.0 0.0 0.0 0.0 0.8 0.8 (0.8)
Minimal Earnings on approved bond financing 0.0 0.0 0.0 0.0 9.0 9.0 (9.0) 4
Full Funding Requirement Excess-Note 1 117.8 103.9 6.2 110.1 9.8 119.9 2.1

Proof of Full Funding Requirement To Go 12/31/06 (119.9 less 117.8='s 2.1 excess)
Cash & Investments 28.6
Pledges 11.2
Gov't. Receivable for 2006 expenses incurred 0.2
Other Recivables (stock gifts & in transit) 0.3
State of Ohio Appropriation 2.0
Total 42.3
Borrowing 50.0
To Go to Reach Full Funding 7.7 (A)

Note 1-Full Funding Definition

In January 2003 the Freedom Center and the OCFC agreed to a "full funding" total project definition. Under the definition the Freedom Center need
raise, as of the last calculation in April 2005, $115.9 million ($66.9 million in private dollars, $47.8 million in governmental and $1.2 million other.
The aggregate "full funding" as of 12/31/06 is $117.8 million--see attached source and use statement through 12/31/06.
The full funding definition allows for the inclusion of verbal commitments and projected earnings on investments (see note 4 below) in meeting the
"full finding" definition as well as State appropriated dollars. Final determination of the FC achieving "full funding" under the management agreement
is at the discretion of the Executive Director of the OCFC.

Note 2-Private Capital Campaign

The $66.9 million private portion of campaign was achieved in 2004 as previously reported

Note 3-Government
The government revenue does not include remaining $3.8 million in potentially other government or private sources from on-going budget surpluses.
The $15.0 million State includes $2,000,000 appropriation in the last quarter of 2006 with the remaining $850,000 expected in 2008. All other
governmental dollars (outside of the $3.8 million and $850,000) have been received or in the case of the State of Ohio received or appropriated.

Note 4-Earnings (spread) on Investments - Net of Borrowing Cost

As of December 31, 2006 investment balances are approximately $28 million (excludes non earning cash accounts).
The amount of future earnings on these investments remains substantially the same as previously summarized by Banc One Capital
--$9.0 million (see attached projection) compared to $9.4 million in April 2005 presentation.
Management notes that --
(a) it continues to believe that it will be receiving the required remaining State "to go" funding of $850,000 in 2008
(b) it remains confident that the Bridge to the Future Campaign will be successful, as it was in 2006, and result in a surplus in excess of $1.0 million
in 2007 as well as a surplus in 2008 the last year of the three year operating plan.
Note 5-Status of Credit Enhancement With Banks- The Freedom Center met all covenant conditions as of December 31, 2006. The previous two
year credit enhancement was due to expire in April 2007. In February 2007 management and the three participating banks agreed to a new two
year credit enhancement for the period ending April, 09 at the same terms as existed under the current credit enhancement.-see signed attachments.

Copy of Full Funding Analysis- February 2007 presentation.xls

Copy of Full Funding Analysis- February 2007 presentation.xls