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Notice of Results of Bidding on June 25, 2008

$40,000,000 Kentucky Economic Development Finance Authority
Adjustable Rate Medical Center Revenue Improvement Bonds, Series 2006
(Ashland Hospital Corporation, d/b/a King's Daughters Medical Center Project)
Short-Term Adjustable Rate Securities (STARS)
CUSIP #491269 CF1

NOTICE IS HEREBY GIVEN of the results of the bidding that occurred on June 25, 2008 (the "6/25 Auction"), with respect to the above-named bonds (the "Bonds"), including a restatement of the undertaking of Ashland Hospital Corporation, d/b/a King's Daughters Medical Center (the "Corporation") to purchase Bonds subject to Hold Orders in the 6/18 Auction:

1. Schedule A contains a listing of the types of orders and, where applicable, the interest rates bid, together with the related principal amounts of Bonds subject to such orders, submitted in the 6/25 Auction. Additional auction details are provided here:

 Amount of Bonds Available for Sale in the Auction:  $355,000
 Number of Bids Received:  1
 Amount of Bids Received:  $7,420,000
 Number of Bids Received Other than from Issuer, the Corporation or Broker:  0
 Amount of Bids Received Other than from Issuer, the Corporation or Broker-Dealer:  $0
 Number of Bids Received by Broker in the Auction:  0
 Amount of Bids Received by Broker in the Auction:  $0
 Interest Rate Bid by Broker in the Auction:  N/A
 Number of Bids by the Corporation in the Auction:  1
 Amount of Bids by the Corporation in the Auction:  $7,420,000
 Interest Rate Bid by the Corporation in the Auction:  1.91%
 Clearing Rate:  1.91%
 Low Bid:  1.91%
 High Bid:
 1.91%
 Median Bid:  1.91%
2. Any Existing Owners who submitted a "Hold Order" shall be given until 5 o'clock p.m., New York City time, on June 27, 2008, to give notice to J.P. Morgan Securities, Inc., as Broker-Dealer, that it does not wish to hold Bonds at the Bid Notice Rate and is offering to sell such Existing Owner's Bonds to the Corporation at a price equal to the principal amount thereof plus accrued interest to the date of purchase, and the Corporation will purchase any of the Bonds subject to such a notice on a delivery versus payment basis on Monday June 30, 2008.  Notice may be given by contacting Kyle Pulling at 212-272-4930 or Lou Ventura at 212-272-4920, who will provide instructions as to how to exercise the right to have such Existing Owner's Bonds purchased.

ASHLAND HOSPITAL CORPORATION

D/B/A KING'S DAUGHTERS MEDICAL CENTER

Paul McDowell, Chief Financial Officer (606) 408-4404

This Notice is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of such jurisdiction. Nothing in the Notice is, or should be construed as, a representation by the Corporation that the information included in this Notice constitutes all of the information that may be material to a decision to invest in, hold or dispose of any of the Bonds, or any other securities of the Corporation.

Notice of Results of Bidding on June 25, 2008

$40,000,000 Kentucky Economic Development Finance Authority
Adjustable Rate Medical Center Revenue Improvement Bonds, Series 2006
(Ashland Hospital Corporation, d/b/a King's Daughters Medical Center Project)
Short-Term Adjustable Rate Securities (STARS)
CUSIP #491269 CF1

SCHEDULE A

Order Type
Rate Bonds Ordered
 Bonds Filled
Sell    355,000  355,000
Hold    39,645,000  39,645,000
Buy*  1.91%  7,420,000  355,000

 Sub-total  7,420,000  355,000
   TOTAL  47,065,000  40,000,000
* Bid submitted by the Corporation.

This Notice is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of such jurisdiction.  Nothing in the Notice is, or should be construed as, a representation by the Corporation that the information included in this Notice constitutes all of the information that may be material to a decision to invest in, hold or dispose of any of the Bonds, or any other securities of the Corporation.

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