(MONEY Magazine) – % gain (or loss) to Jan. 1, 1998 % One Three Telephone Fund name yield year years[*] (800)

ALABAMA Alabama Tax-Free Bond 3.9 6.3 7.5 443-4249 EV Marathon AL Muni B 3.7 8.2 9.3 225-6265 Franklin AL Tax-Free Inc. I 4.4 9.0 9.7 342-5236 MFS AL Municipal Bond A 4.6 9.1 9.5 637-2929 Nuveen Flagship AL Muni A 4.6 10.6 10.6 621-7227

ARIZONA Alliance Muni Income II -- 10.3 11.1 227-4618 Am. Cent.-Ben. AZ Muni I/T 4.0 6.9 7.8 345-2021 Calvert Municipal Intm. AZ A -- 5.8 7.0 368-2748 Dean Witter M/S Muni AZ -- 7.6 9.1 869-6397 DE-Voyageur AZ Ins. T/F A -- 9.0 10.6 523-4640 DE-Voyageur T/F AZ A -- 10.1 -- 523-4640 EV Marathon AZ Muni B 3.8 8.9 10.1 225-6265 Fidelity Spartan AZ Muni Inc. -- 8.0 9.8 544-8888 First Inv. M/S Insured AZ A 4.4 9.3 10.2 423-4026 Franklin AZ Insured T/F Inc. 4.6 9.3 11.3 342-5236 Franklin AZ Tax-Free Inc. I 4.3 8.3 8.9 342-5236 Merrill Lynch AZ Ltd. Mat. B 2.7 3.9 4.8 637-3863 Merrill Lynch AZ Muni B 3.7 7.6 8.7 637-3863 Mosaic AZ Tax-Free 3.9 7.9 8.6 336-3063 Nuveen Flagship AZ Muni A 4.0 9.5 10.2 621-7227 Putnam AZ Tax Exempt Inc. A 4.3 7.8 9.2 225-1581 Smith Barney AZ Muni A -- 9.0 9.9 451-2010 Stagecoach AZ Tax-Free A 3.0 8.7 8.5 222-8222 Tax-Free Trust of AZ A 4.2 8.4 9.0 437-1020 ARKANSAS EV Marathon AR Municipals B 4.0 8.0 9.0 225-6265 Franklin AR Municipal Bond -- 10.1 10.9 342-5236 Merrill Lynch AR Muni B 3.4 7.4 8.5 637-3863 MFS AR Municipal Bond A 4.8 9.0 8.9 637-2929

CALIFORNIA Alliance Muni Income CA A -- 10.7 12.7 227-4618 Alliance Muni Insured CA A -- 9.9 11.9 227-4618 Amr. Cent.-Ben. CA Muni H/Y 4.8 10.5 11.4 345-2021 Amer. Cent.-Ben. CA T/F Ins. 4.4 9.3 10.5 345-2021 Amer. Cent.-Ben. CA T/F I/T 4.0 7.4 8.3 345-2021 Am. Cent.-Ben. CA T/F Ltd.-T. 3.6 5.3 5.8 345-2021 Amer. Cent.-Ben. CA T/F L/T 4.6 9.7 10.8 345-2021 Atlas CA Municipal Bond A 3.9 7.9 8.8 933-2852 Bernstein CA Municipal 3.8 6.4 7.8 756-4097[4] Bernstein Sh. Dur. CA Muni 3.3 3.6 4.4 756-4097[4] California Inv. CA Insured 3.9 6.4 8.1 225-8778 California Inv. T/F Income 4.4 9.3 10.8 225-8778 California Muni 3.4 11.3 10.6 322-6864 Calvert CA Muni Intm. A -- 6.6 7.5 368-2748 Colonial CA Tax-Exempt A -- 9.2 10.6 426-3750 Dean Witter CA T/F Income B -- 7.5 8.4 869-6397 Dean Witter M/S Muni CA -- 8.4 10.6 869-6397 DE-Voyageur T/F CA A -- 12.4 -- 523-4640 DE-Voyageur CA Ins. T/F A -- 9.8 11.1 523-4640 Dreyfus CA Intm. Muni -- 7.6 8.2 373-9387 Dreyfus CA Tax-Exempt -- 8.3 8.5 373-9387 Dreyfus Premier CA Muni A -- 7.9 9.6 554-4611 Dreyfus Premier Ltd.-T. CA A -- 7.2 7.9 554-4611 EV Marathon CA L/M Muni 3.4 6.3 6.5 225-6265 EV Marathon CA Muni B 4.0 10.8 10.5 225-6265 Evergreen CA Tax-Free B 3.6 7.7 9.3 343-2898 Federated CA Muni Inc. F 4.6 9.7 11.7 341-7400 Fidelity Adv. CA Muni Inc. T -- 8.2 -- 544-8888 Fidelity CA Municipal Inc. -- 9.8 11.1 544-8888 First Inv. M/S Ins. CA A 4.0 9.7 10.3 423-4026 Franklin CA Hi.-Yld. Muni I 5.4 11.7 12.2 342-5236 Franklin CA Ins. T/F Inc. I 4.3 8.2 9.5 342-5236 Franklin CA Intm.-Term T/F 4.4 8.3 9.7 342-5236 Franklin CA Tax-Free Inc. I 4.6 8.8 9.4 342-5236 Fremont CA Intm. Tax-Free -- 7.2 8.6 548-4539 General CA Municipal Bond -- 8.8 10.2 373-9387 Griffin CA Tax-Free A 4.1 8.9 9.8 676-4450 Hancock CA Tax-Free Inc. A -- 10.1 11.9 225-5291 HighMark Intm. CA T/F Ret. -- 7.5 9.9 433-6884 IDS CA Tax-Exempt A 3.9 8.0 8.8 328-8300 Kemper State T/F Inc. CA A -- 8.6 10.1 621-1048 Lord Abbett CA T/F Inc. A 4.3 8.7 9.7 874-3733 MainStay CA Tax-Free A 4.9 7.9 8.7 624-6782 Merrill Lynch CA Ins. Muni B 3.6 7.8 10.0 637-3863 Merrill Lynch CA Ltd. Mat. B 2.8 4.5 5.7 637-3863 Merrill Lynch CA Muni B 4.0 8.2 9.6 637-3863 MFS CA Municipal Bond A 4.6 9.8 10.1 637-2929 Montgom. CA T/F Intm. R 3.8 7.5 7.8 572-3863 New England I/T T/F CA A 4.6 8.0 9.0 225-7670 Nuveen CA Insured T/F Val. A 4.0 7.9 10.1 621-7227 Nuveen CA Municipal Bond A 4.3 8.4 10.0 621-7227 Oppenheimer CA Muni A -- 9.7 11.3 525-7048 Oppen. Main St. CA Muni A -- 10.4 11.7 525-7048 Overland Exp. CA T/F A 4.0 8.9 9.7 552-9612 Pacific Horizon CA T/E A -- 8.6 9.5 332-3863 PaineWebber CA T/F Inc. A -- 8.8 9.2 647-1568 Parnassus Income CA T/E 4.3 9.3 10.8 999-3505 Phoenix CA T/E Bonds A 4.7 8.3 9.9 243-4361 Prudential CA Muni CA B 3.9 8.8 9.5 225-1852 Prudential CA Muni Inc. A 4.6 10.3 10.9 225-1852 Putnam CA T/E Income A 4.6 8.7 10.3 225-1581 Safeco CA T/F Inc. No Load 4.4 11.6 13.0 426-6730 Schwab CA L/T T/F Bond -- 10.0 11.3 435-4000 Schwab CA Sh./Intm. T/F -- 5.2 6.5 435-4000 Scudder CA Tax-Free 4.4 10.1 10.7 225-2470 Sefton CA Tax-Free 4.0 8.4 -- 524-2276 Seligman Muni CA H/Y A 4.2 8.3 9.4 221-2783 Seligman Muni CA Qual. A 4.1 8.3 10.5 221-2783 Sierra CA Ins. Intm. Muni A 3.7 7.1 9.0 222-5852 Sierra CA Municipal A 4.5 10.3 10.8 222-5852 Smith Barney CA Muni A 4.4 11.1 12.8 451-2010 Smith Barn. Intm. Mat. CA A -- 7.5 8.6 451-2010 Stagecoach CA Tax-Free A 3.8 9.4 10.5 222-8222 Stagecoach CA T/F Inc. A 3.0 5.1 6.0 222-8222 Tax-Exempt Fund of CA 4.1 8.1 9.9 421-4120 Thornburg L/T Muni CA A 3.7 5.8 6.8 847-0200 T. Rowe Price CA T/F Bond -- 9.1 10.2 638-5660 USAA CA Bond -- 10.3 12.3 382-8722 Van Kmp. Am. Cap. CA Ins. A 4.1 8.9 10.3 421-5666 Vanguard CA T/F Ins. Intm. 4.4 7.7 8.7 662-7447 Vanguard CA T/F Ins. L/T 4.8 8.9 10.7 662-7447 Vista CA Intermediate T/F -- 7.5 8.6 348-4782

COLORADO Colorado BondShares -- 9.1 8.9 572-0069 DE-Voyageur CO T/F A -- 11.4 11.8 523-4640 EV Marathon CO Muni B 4.2 10.5 10.4 225-6265 First Amer. CO Intm. T/F A -- 7.0 7.7 637-2548 First Invest M/S Ins. CO A 4.5 9.4 10.4 423-4026 Franklin CO Tax-Free Inc. I 4.4 8.9 9.8 342-5236 Merrill Lynch CO Muni B 3.8 8.7 9.3 637-3863 Norwest Adv. CO Tax-Free A -- 10.2 10.6 338-1348 Nuveen Flagship CO Muni A 4.1 11.9 11.4 621-7227 Seligman Municipal CO A 4.0 7.5 8.2 221-2783 Tax-Free Fund of CO A 3.7 7.3 8.0 872-2652 Westcore CO Tax-Exempt -- 7.4 8.2 392-2673

CONNECTICUT AIM Tax-Exempt Bond of CT -- 7.2 7.7 554-1156 Boston 1784 CT Tax-Ex. Inc. -- 8.5 8.9 252-1784 Colonial CT Tax-Exempt A -- 8.7 9.7 426-3750 Dreyfus CT Intm. Muni -- 7.6 8.4 373-9387 Dreyfus Prem. Muni CT A -- 9.3 9.7 554-4611 EV Marathon CT L/M. Muni 3.5 6.2 6.5 225-6265 EV Marathon CT Muni B 3.9 8.5 9.5 225-6265 Fidelity Spart. CT Muni Inc. -- 9.1 10.0 544-8888 First Inv. M/S Ins. CT A 4.0 8.8 9.5 423-4026 Franklin CT Tax-Free Inc. I 4.2 8.5 9.0 342-5236 Galaxy CT Muni Bond Ret. 3.8 8.6 9.8 628-0414 Lord Abbett T/F Inc. CT A 4.4 8.6 9.9 874-3733 Merrill Lynch CT Muni B 4.1 8.1 9.2 637-3863 Nuveen Flagship CT Muni A 4.2 8.8 9.7 621-7227

FLORIDA Alliance Muni Inc. II FL C -- 9.9 11.9 227-4618 Amer. Cent-Ben. FL Muni I/T 4.0 8.1 8.4 345-2021 AmSouth FL Tax-Free 4.5 6.5 7.0 451-8379 Calvert Municipal Intm. FL A -- 7.1 8.0 368-2748 Colonial FL Tax-Exempt B -- 8.2 8.8 426-3750 Dean Witter M/S Muni FL -- 8.4 9.5 869-6397 DE-Voyageur FL Ins. T/F A -- 10.4 11.3 523-4640 DE-Voyageur T/F FL A -- 11.0 -- 523-4640 DE-Voyageur T/F FL Intm. A -- 7.3 8.5 523-4640 Dreyfus FL Intm. Muni -- 6.3 7.8 373-9387 Dreyfus Prem. Muni FL A -- 4.9 8.1 554-4611 EV Marathon FL Ins. Muni 4.0 8.8 9.0 225-6265 EV Marathon FL L/M Muni 3.4 5.1 5.7 225-6265 EV Marathon FL Muni B 4.0 7.7 9.0 225-6265 Emerald FL Tax-Ex. Ret. 4.4 9.1 9.2 637-3759 Evergreen FL H/I Muni A 5.6 10.2 11.3 343-2898 Evergreen FL Muni Bond A 4.9 9.3 10.5 343-2898 Evergreen FL Tax-Free A 4.7 7.1 9.1 343-2898 Fidelity Spartan FL Muni Inc. -- 8.7 10.3 544-8888 First Inv. M/S Ins. FL A 3.9 9.2 10.1 423-4026 Franklin FL Ins. T/F Inc. 4.7 9.7 11.2 342-5236 Franklin FL Tax-Free Inc. I 4.4 8.1 9.0 342-5236 Hough FL Tax-Free Sh. Term 3.9 4.9 5.4 557-7555 Kemper State T/F Inc. FL A -- 8.7 9.7 621-1048 Lord Abbett T/F Income FL 4.3 8.0 9.0 874-3733 MFS FL Municipal Bond A 4.7 8.4 9.6 637-2929 Merrill Lynch FL Ltd. Mat. B 3.1 4.2 5.2 637-3863 Merrill Lynch FL Muni B 4.0 8.1 9.0 637-3863 Nations FL Intm. Muni Inv. A 3.9 7.0 8.1 321-7854 Nations FL Muni Inv. B 3.5 8.1 9.6 321-7854 Northern FL Intm. T/E 3.7 7.6 -- 595-9111 Nuveen Flagship FL Intm. A 4.0 8.9 8.8 621-7227 Nuveen Flagship FL Muni A 4.2 8.5 9.0 621-7227 Oppenheimer FL Muni A -- 9.2 10.1 525-7048 Prudential Municipal FL A 4.3 8.5 10.1 225-1852 Putnam FL T/E Income A 4.5 8.9 9.6 225-1581 Seligman Municipal FL A 4.1 8.9 9.3 221-2783 Sierra FL Insured Muni A 4.3 10.0 10.2 222-5852 Smith Barney Muni FL A -- 10.2 10.6 451-2010 STI Classic FL Tax-Ex. Inv. -- 7.6 8.9 428-6970 Thornburg FL Intm. Muni A 4.4 7.3 7.8 847-0200 T. Rowe Pr. FL Ins. Intm. T/F -- 6.7 7.8 638-5660 USAA FL Tax-Free Income -- 11.2 11.3 382-8722 Van Kmp. Am. Cap. FL Ins. A 3.8 8.7 9.7 421-5666 Vanguard FL Insured T/F 4.7 9.0 10.1 662-7447

GEORGIA Dreyfus Prem. Muni GA A -- 8.2 10.0 554-4611 EV Marathon GA Muni 4.0 8.2 9.0 225-6265 Evergreen GA Muni Bond B 4.0 9.3 10.0 343-2898 First Invest M/S Ins. GA A 4.5 10.0 10.5 423-4026 Franklin GA Tax-Free Inc. I 4.3 7.9 8.8 342-5236 Lord Abbett T/F Income GA 4.8 10.4 10.4 874-3733 MFS GA Municipal Bond A 4.7 10.0 9.3 637-2929 Nations GA Intm. Muni Inv. A 3.9 7.0 8.1 321-7854 Nations GA Muni Bond Inv. B 3.7 7.9 9.6 321-7854 Nuveen Flagship GA Muni A 4.4 11.9 10.8 621-7227 Seligman Municipal GA A 4.3 9.0 10.5 221-2783 Smith Barney Muni GA A -- 12.2 12.3 451-2010 STI Classic GA Tax-Ex. Inv. -- 8.0 8.1 428-6970 T. Rowe Price GA Tax-Free -- 9.7 10.5 638-5660 Wachovia GA Municipal A 3.4 7.4 8.4 994-4414

HAWAII Dean Witter HI Municipal -- 9.3 -- 869-6397 EV Marathon HI Municipals 4.3 8.1 9.4 225-6265 First Hawaii Intm. Muni -- 4.7 6.4 988-8088[7] First Hawaii Municipal -- 6.7 8.5 988-8088[7] Franklin HI Municipal 4.7 8.8 10.7 342-5236 Hawaiian Tax-Free A 4.3 7.6 8.9 228-4227 Lord Abbett T/F Inc. HI A 4.5 8.4 10.0 874-3733 IDAHO Achievement ID Muni Ret. A -- 7.9 -- 472-0577 DE-Voyageur ID T/F A -- 10.1 -- 523-4640 Idaho Tax-Exempt 4.3 7.1 8.6 728-8762

INDIANA Franklin IN Tax-Free Inc. 4.3 8.5 9.2 342-5236 IOWA DE-Voyageur IA T/F A -- 9.5 10.7 523-4640 KANSAS DE-Voyageur KS T/F A -- 10.1 10.7 523-4640 EV Marathon KS Municipals 3.9 8.0 9.1 225-6265 Kansas Insured Intm. 3.8 2.8 6.3 345-2363 Kansas Municipal 4.0 4.7 7.6 601-5593 Nuveen Flagship KS Muni A 4.4 9.7 10.1 621-7227

KENTUCKY Churchill Tax-Free of KY A 4.3 7.8 8.5 872-5859 Countrywide KY Tax-Free A 4.5 7.0 -- 543-8721 Dupree KY Tax-Free Inc. 3.7 8.0 8.5 866-0614 Dupree KY T/F Short-Med. 2.0 5.2 5.1 866-0614 EV Marathon KY Muni B 3.9 8.9 9.6 225-6265 Franklin KY Tax-Free Inc. 4.7 9.4 11.0 342-5236 Nuveen Flagship KY L/T A 3.9 6.5 -- 621-7227 Nuveen Flagship KY Muni A 4.3 9.1 9.9 621-7227 One Group KY Muni Bond A 3.7 7.2 8.8 480-4111 LOUISIANA EV Marathon LA Muni B 4.2 8.3 9.1 225-6265 Franklin LA Tax-Free Inc. I 4.5 8.8 9.3 342-5236 Marquis LA Tax-Free Inc. A -- 7.3 8.5 801-1594 Nuveen Flagship LA Muni A 4.4 9.7 11.0 621-7227 One Group LA Muni Bond A 3.6 7.1 7.7 480-4111 Seligman Municipal LA A 4.2 8.5 9.5 221-2783 Tower LA Municipal Income 4.2 8.5 9.4 999-0124 MAINE Forum ME Municipal Bond -- 7.3 8.6 943-6786

MARYLAND Calvert Muni Intm. MD A -- 7.7 8.4 368-2748 CrestFunds MD Muni Inv. B -- 7.9 -- 273-7827 Dreyfus Prem. Muni MD A -- 9.5 9.9 554-4611 EV Marathon MD Muni B 3.8 8.6 9.9 225-6265 Fidelity Spart. MD Muni Inc. -- 8.8 10.0 544-8888 First Inv. M/S Ins. MD A 4.3 9.6 9.8 423-4026 Flag Inv. MD Int. T/F Inc. A 4.0 6.2 8.3 767-3524 Franklin MD Tax-Free Inc. I 4.4 8.6 9.8 342-5236 Legg Mason MD T/F Inc. 4.8 7.4 8.5 577-8589 Merrill Lynch MD Muni B 4.0 9.2 9.4 637-3863 MFS MD Municipal Bond A 4.5 9.2 8.9 637-2929 Mosaic MD Tax-Free 4.0 8.0 8.3 336-3063 Nations MD Intm. Muni Inv. A 3.8 6.5 7.8 321-7854 Nations MD Muni Inv. B 3.7 8.4 9.5 321-7854 Nuveen MD Municipal A 4.0 7.6 9.2 621-7227 Prudential Municipal MD B 3.6 8.2 9.1 225-1852 Rushmore MD Tax-Free 4.2 8.0 8.4 343-3355 Seligman Municipal MD A 4.2 8.1 9.4 221-2783 Tax-Exempt Fund of MD 4.1 9.0 9.6 421-4120 T. Rowe Price MD S/T T/F -- 4.2 5.1 638-5660 T. Rowe Price MD Tax-Free -- 8.6 9.5 638-5660 Virtus MD Muni Bond Inv. -- 6.8 7.5 723-9512 MASSACHUSETTS Alliance Muni Inc. II MA A -- 11.7 12.7 227-4618 Boston 1784 MA Tax-Ex. Inc. -- 8.9 8.6 252-1784 Colonial MA Tax-Exempt A -- 8.5 9.8 426-3750 Dean Witter M/S Muni MA -- 8.9 10.0 869-6397 Dreyfus MA Intm. Muni -- 7.5 8.5 373-9387 Dreyfus MA Tax-Exempt -- 9.1 9.4 373-9387 Dreyfus Premier L/T Muni A -- 7.1 7.6 554-4611 Dreyfus Prem. State Muni A -- 8.6 9.2 554-4611 EV Marathon MA L/M. Muni 3.4 6.2 6.2 225-6265 EV Marathon MA Muni B 4.0 9.6 9.5 225-6265 Evergreen MA Tax-Free B 3.7 8.4 8.5 343-2898 Fidelity MA Municipal Inc. -- 9.3 10.2 544-8888 First Inv. M/S Ins. MA A 3.8 8.3 9.1 423-4026 Franklin MA Ins. T/F Inc. 4.2 8.9 8.9 342-5236 Galaxy MA Municipal Ret. 4.1 9.0 9.6 628-0414 Hancock MA Tax-Free Inc. A -- 9.3 9.9 225-5291 IDS MA Tax-Exempt A 4.0 8.4 9.0 328-8300 MFS MA Municipal Bond A 4.8 8.8 9.1 637-2929 Merrill Lynch MA Ltd. Mat. B 3.0 4.1 5.0 637-3863 Merrill Lynch MA Muni B 3.9 8.2 9.2 637-3863 New England MA T/F Inc. A 4.8 9.3 10.0 225-7670 Nuveen MA Ins. Muni Bd. A 3.7 6.9 8.4 621-7227 Nuveen MA Municipal A 4.0 7.3 8.9 621-7227 Prudential Municipal MA B 3.7 7.8 9.0 225-1852 Putnam MA T/E Inc. A 4.8 8.8 10.2 225-1581 Scudder MA Ltd.-T. T/F 3.9 5.6 6.1 225-2470 Scudder MA Tax-Free 4.4 8.4 10.0 225-2470 Seligman Municipal MA A 4.4 8.7 9.3 221-2783 Smith Barney MA Muni A -- 10.2 10.7 451-2010 MICHIGAN Alliance Muni Inc. II MI B -- 10.6 12.3 227-4618 Calvert Muni Intm. MI A -- 7.4 8.2 368-2748 Colonial MI Tax-Exempt A -- 9.6 9.7 426-3750 Dean Witter M/S Muni MI -- 8.1 9.8 869-6397 Dreyfus Prem. Muni MI A -- 8.5 9.6 554-4611 EV Marathon MI L/M Muni 3.1 6.2 6.6 225-6265 EV Marathon MI Muni B 3.8 8.4 9.4 225-6265 Federated MI Intm. Muni A 4.0 6.8 8.2 341-7400 Fidelity MI Municipal Inc. -- 9.1 9.2 544-8888 First Inv. M/S Ins. MI A 3.9 9.4 9.8 423-4026 FMB MI T/F Consumer Svc. -- 6.9 7.6 453-4234 Franklin MI Ins. T/F Inc. I 4.3 8.2 8.7 342-5236 Franklin MI Tax-Free Inc. I 5.1 10.7 -- 342-5236 IDS MI Tax-Exempt A 3.9 7.6 8.7 328-8300 Independence One MI Muni 4.1 7.7 -- 334-2292 Kemper State T/F Inc. MI A -- 9.0 -- 621-1048 Kent MI Municipal Inv. 4.0 5.4 5.6 633-5368 Lord Abbett T/F Income MI 4.4 8.7 10.2 874-3733 Merrill Lynch MI Ltd. Mat. B 3.0 4.5 5.3 637-3863 Merrill Lynch MI Muni B 4.0 7.4 9.0 637-3863 Munder MI Triple Tax-Free A -- 9.5 9.6 438-5789 Nuveen Flagship MI Muni A 4.1 8.8 9.5 621-7227 Parkstone MI Muni Inv. A -- 6.9 7.6 451-8377 Pegasus MI Muni Bond A -- 9.2 9.5 688-3350 Prudential Municipal MI B 3.7 8.4 8.7 225-1852 Putnam MI T/E Inc. A 4.6 8.4 9.5 225-1581 Seligman Municipal MI A 4.3 8.7 9.3 221-2783

MINNESOTA Alliance Muni Inc. II MN B -- 9.1 9.9 227-4618 Colonial MN Tax-Exempt A -- 9.3 9.4 426-3750 Dean Witter M/S Muni MN -- 7.2 9.5 869-6397 DE-Voyageur MN H/Y A -- 11.3 -- 523-4640 DE-Voyageur MN Ins. A -- 8.5 9.8 523-4640 DE-Voyageur MN T/F A -- 9.7 10.0 523-4640 DE-Voyageur Ltd.-T. T/F A -- 6.7 7.0 523-4640 Dreyfus Prem. State MN A -- 7.2 8.6 554-4611 EV Marathon MN Muni 4.1 8.8 8.9 225-6265 Fidelity MN Municipal Inc. -- 8.8 9.4 544-8888 First Amer. MN Ins. T/F A -- 6.7 7.7 637-2548 First Inv. M/S Ins. MN A 4.4 8.6 9.0 423-4026 Fortis Tax-Free MN E[2] 4.6 7.8 8.2 800-2638 Franklin MN Ins. T/F Inc. I 4.3 7.7 8.1 342-5236 IDS MN Tax-Exempt A 4.4 8.5 8.9 328-8300 Lord Abbett T/F Inc. MN 4.5 8.5 8.6 874-3733 Merrill Lynch MN Muni B 3.8 8.0 8.5 637-3863 Norwest Adv. MN T/F A -- 9.2 9.9 338-1348 Piper MN Tax-Exempt 4.6 8.7 10.0 866-7778 Putnam MN T/E Inc. A 4.5 7.6 9.0 225-1581 Seligman Municipal MN A 4.1 7.0 7.2 221-2783 Sit MN Tax-Free Income 5.2 8.1 8.6 332-5580

MISSISSIPPI EV Marathon MS Muni B 3.9 9.1 9.9 225-6265 MFS MS Municipal Bond A 4.7 9.5 10.2 637-2929 MISSOURI Arch MO Tax-Exempt Inv. A 3.9 8.1 9.1 551-3731 DE-Voyageur MO Ins. T/F A -- 9.4 10.7 523-4640 EV Marathon MO Muni B 3.9 9.1 10.2 225-6265 Evergreen MO Tax-Free B 4.0 8.6 9.1 343-2898 First Invest M/S Ins. MO A 4.4 9.3 10.3 423-4026 Franklin MO Tax-Free Inc. I 4.3 9.1 9.8 342-5236 Lord Abbett T/F Income MO 4.2 8.4 9.6 874-3733 Mosaic MO Tax-Free 3.8 8.1 8.9 336-3063 Nuveen Flagship MO Muni A 4.3 9.4 9.7 621-7227 Seligman Municipal MO A 4.1 8.1 9.5 221-2783 MONTANA Montana Tax-Free 4.0 5.6 7.9 276-1262 NEBRASKA Lancaster NE Tax-Free 4.7 5.6 8.1 279-7437 Nebraska Municipal 4.4 5.9 8.4 822-8460 NEW HAMPSHIRE Forum NH Bond -- 7.6 8.6 943-6786 NEW JERSEY Alliance Muni Inc. II NJ B -- 9.3 10.8 227-4618 Compass NJ T/F Inc. Svc. -- 8.3 8.9 426-6727[5] CoreFund NJ Municipal A -- 8.1 8.7 355-2673 Dean Witter M/S Muni NJ -- 9.1 9.8 869-6397 Dreyfus NJ Intm. Muni -- 6.9 8.0 373-9387 Dreyfus NJ Muni Bond -- 8.8 9.1 373-9387 Dreyfus Prem. St. Muni NJ B -- 8.1 8.7 554-4611 EV Marathon Ltd. Mat. Muni 3.3 5.9 6.2 225-6265 EV Marathon NJ Muni B 3.9 9.4 9.2 225-6265 Evergreen NJ Tax-Free Inc. A 4.8 7.6 8.5 343-2898 Fidelity Spartan NJ Muni Inc. -- 8.3 9.2 544-8888 First Inv. M/S Ins. NJ A 3.8 8.4 9.0 423-4026 Franklin NJ T/F Income I 4.4 8.4 9.2 342-5236 Kemper State T/F Inc. NJ B -- 7.6 -- 621-1048 Lebenthal NJ Municipal 4.4 10.5 10.7 221-5822 Lord Abbett T/F Income NJ 4.4 8.6 9.9 874-3733 Merrill Lynch NJ Ltd. Mat. B 2.8 3.3 5.0 637-3863 Merrill Lynch NJ Muni B 3.9 8.2 8.4 637-3863 Nuveen Flag. NJ Intm. Muni A 3.9 7.2 8.0 621-7227 Nuveen Flagship NJ Muni A 4.8 8.9 9.0 621-7227 Oppenheimer NJ Muni A -- 9.5 9.7 525-7048 Pillar NJ Municipal Sec. A -- 6.3 7.5 932-7782 Prudential Municipal NJ B 4.0 7.8 8.6 225-1852 Putnam NJ T/E Inc. A 4.5 8.7 9.4 225-1581 Seligman NJ Municipal A 4.1 8.7 9.1 221-2783 Smith Barney NJ Muni A -- 9.3 10.0 451-2010 T. Rowe Price NJ Tax-Free -- 9.0 9.6 638-5660 Van Kamp. Am. Cap. NJ T/F B 2.6 8.9 8.8 421-5666 Vanguard NJ T/F Ins. L/T 4.7 8.6 9.6 662-7447 NEW MEXICO DE-Voyageur NM T/F A -- 10.0 11.1 523-4640 Merrill Lynch NM Muni B 3.7 7.9 9.1 637-3863 Nuveen Flagship NM Muni A 4.4 10.2 10.5 621-7227 Thornburg NM Int. Muni A 4.0 6.5 7.2 847-0200

NEW YORK Alliance Muni Income NY A -- 11.0 12.0 227-4618 BNY Hamilton Intm. NY T/E 3.4 6.2 7.2 426-9363 Bernstein NY Municipal 3.8 6.6 7.5 756-4097[4] Bernstein Sh. Dur. Muni 3.3 3.8 4.4 756-4097[4] Calvert Municipal Intm. NY A -- 7.3 8.2 368-2748 Colonial NY Tax-Exempt A -- 9.0 10.2 426-3750 Dean Witter M/S Muni NY -- 9.2 10.5 869-6397 Dean Witter NY T/F Inc. B -- 8.4 9.1 869-6397 DE-Voyageur NY T/F A1 -- 6.6 6.7 523-4640 Dreyfus NY Insured T/E -- 7.4 8.2 373-9387 Dreyfus NY Tax-Exempt -- 9.1 9.1 373-9387 Dreyfus NY T/E Intm. Bond -- 8.2 8.7 373-9387 Dreyfus Premier Ltd.-T. A -- 6.9 7.2 554-4611 Dreyfus Premier NY Muni A -- 9.8 10.5 554-4611 EV Marathon NY L/M Muni 3.4 7.3 6.7 225-6265 EV Marathon NY Municipals 4.1 9.3 9.8 225-6265 Empire Builder T/F Bond 4.0 7.9 8.5 847-5886 Evergreen NY Tax-Free B 3.9 8.2 9.0 343-2898 Excelsior NY Intm. Term T/E -- 6.7 8.1 446-1012 Federated NY Muni Inc. F 4.6 9.7 11.2 341-7400 Fidelity Adv. NY Muni Inc. T -- 8.8 -- 544-8888 Fidelity Insured Muni Inc. -- 8.8 10.2 544-8888 Fidelity NY Muni Income -- 9.7 10.8 544-8888 Fidelity Spart. Intm. Muni -- 8.1 8.7 544-8888 Fidelity Spart. NY Muni Inc. -- 10.0 11.0 544-8888 First Inv. NY Insured T/F A 3.2 7.8 8.5 423-4026 Franklin NY Ins. T/F Inc. I 4.2 8.8 10.4 342-5236 Franklin NY Intm. T/F Inc. 4.4 8.9 9.1 342-5236 Franklin NY Tax-Free Inc. I 4.6 9.5 9.0 342-5236 Galaxy NY Muni Bond Ret. 4.2 8.7 9.5 628-0414 General NY Municipal Bond -- 9.6 9.6 373-9387 HSBC NY Tax-Free Bond 3.7 8.9 9.3 634-2536 Hancock NY Tax-Free Inc. A -- 9.5 10.0 225-5291 IDS NY Tax-Exempt A 3.9 8.9 8.3 328-8300 JP Morgan NY Total Ret. 4.1 7.4 8.1 521-5411 Kemper State T/F Inc. NY A -- 8.9 9.8 621-1048 Landmark NY Tax-Free Inc. A -- 9.6 10.0 721-1899 Lebenthal NY Municipal 4.3 9.9 11.8 221-5822 Limited-Term NY Muni A -- 7.9 7.6 955-3863 Lord Abbett T/F Income NY A 4.5 8.2 9.2 874-3733 MFS NY Municipal Bond A 4.6 10.0 9.7 637-2929 MainStay NY Tax-Free A 4.8 8.4 9.0 624-6782 Merrill Lynch NY Ltd. Mat. B 3.3 4.9 5.9 637-3863 Merrill Lynch NY Muni B 4.0 8.9 9.0 637-3863 New England I/T T/F NY A 4.2 8.7 9.3 225-7670 New York Muni 2.3 1.4 2.7 322-6864 Nuveen Flagship NY Muni A 4.3 9.3 10.1 621-7227 Nuveen NY Ins. T/F Val. A 3.8 7.3 9.1 621-7227 Oppenheimer NY Muni A -- 9.2 10.2 525-7048 PaineWebber NY T/F Inc. A -- 9.3 9.8 647-1568 Prudential Muni NY B 3.9 8.9 9.2 225-1852 Putnam NY Tax Ex. Inc. A 4.5 8.9 9.2 225-1581 Putnam NY T/E Opp. A 4.8 8.8 9.6 225-1581 Republic NY Tax-Free C -- 8.7 -- 782-8183 Rochester Fund Muni A -- 9.3 10.9 955-3863 Scudder NY Tax-Free 4.3 9.5 10.1 225-2470 Seligman Municipal NY A 4.3 10.0 10.9 221-2783 Sentinel NY Tax-Free Inc. 5.0 10.4 10.2 282-3863 Smith Barney I/M NY A -- 8.3 8.2 451-2010 Smith Barney Muni NY A -- 10.3 10.8 451-2010 State St. Research T/F A 4.3 9.2 9.2 882-0052 T. Rowe Price NY Tax-Free -- 9.5 10.0 638-5660 USAA NY Bond -- 10.6 10.7 382-8722 Value Line NY Tax-Exempt 4.2 9.2 9.5 223-0818 Van Kamp. Am. Cap NY T/F A 3.8 10.9 11.0 421-5666 Vanguard NY Ins. Tax-Free 4.7 8.8 10.0 662-7447 Victory NY Tax-Free A 3.5 6.0 7.5 539-3863 Vision NY Tax-Free 3.7 8.2 9.7 836-2211 Vista NY Tax-Free Inc. A -- 9.3 9.5 348-4782 Warburg Pincus NY I/M 3.8 5.9 6.6 927-2874 NORTH CAROLINA 111 Corcoran NC Muni Sec. 3.8 7.4 9.1 422-2080 BB&T NC Intm. T/F Inv. A 3.5 6.4 6.4 228-1872 Centura NC Tax-Free A -- 7.6 7.4 442-3688 Colonial NC Tax-Exempt B -- 8.6 9.6 426-3750 Dreyfus Prem. St. Muni A -- 9.8 10.6 554-4611 Dupree NC T/F Income 4.8 9.8 -- 866-0614 Dupree NC T/F Short-Med. 2.2 5.0 -- 866-0614 EV Marathon NC Munis 5.1 8.5 8.9 225-6265 Evergreen NC Muni Bond B 4.1 9.2 9.7 343-2898 First Invest. M/S Ins. NC A 4.5 9.6 10.3 423-4026 Franklin NC T/F Income I 4.3 8.9 9.6 342-5236 MFS NC Municipal Bond A 4.5 9.0 9.5 637-2929 Merrill Lynch NC Muni B 3.8 8.9 9.2 637-3863 Nations NC Intm. Muni Inv. A 3.9 7.0 8.1 321-7854 Nations NC Muni Inv. B 3.6 8.2 9.6 321-7854 North Carolina Tax-Free 4.3 7.6 9.0 525-3863 Nuveen Flagship NC Muni A 4.1 8.9 9.0 621-7227 Prudential Municipal NC B 3.9 8.5 8.8 225-1852 Seligman Municipal NC A 4.1 8.4 10.0 221-2783 Wachovia NC Muni Bond A 3.5 7.8 8.7 994-4414

NORTH DAKOTA DE-Voyageur ND T/F A -- 9.4 10.2 523-4640 ND Tax-Free 3.7 3.8 6.4 276-1262

OHIO Alliance Muni Inc. II OH B -- 10.7 11.0 227-4618 Armada OH Tax-Ex. Ret. 4.3 7.4 8.2 622-3863 Carnegie T/E OH Gen. Muni 3.8 7.0 7.2 321-2322 Colonial OH Tax-Exempt A -- 9.2 9.8 426-3750 Compass OH T/F Inc. Inv. A -- 8.2 9.6 426-6727[5] Countrywide OH Ins. T/F A 4.8 7.2 8.6 543-8721 Dean Witter M/S Muni OH -- 8.1 9.9 869-6397 Dreyfus Prem. St. Muni OH A -- 8.2 9.1 554-4611 EV Marathon OH L/M Munis 3.3 6.2 6.6 225-6265 EV Marathon OH Municipals B 4.1 8.6 9.6 225-6265 Federated OH Muni Inc. F 4.4 8.6 9.7 341-7400 Fidelity Spartan OH Muni Inc. -- 8.7 9.7 544-8888 First Inv. M/S Ins. OH A -- 8.7 9.8 423-4026 Fountain Sq. OH T/F Bond A 3.5 6.9 8.0 334-0483 Franklin OH Ins. T/F Inc. I 4.4 8.2 8.9 342-5236 Gradison-McDon. OH T/F Inc. 4.3 8.6 9.9 869-5999 IDS OH Tax-Exempt A 4.1 7.9 8.5 328-8300 Kemper State T/F Inc. OH A -- 8.7 9.9 621-1048 Merrill Lynch OH Muni B 3.8 7.9 9.1 637-3863 Monitor OH Tax-Free Inv. -- 5.9 6.7 253-0412 Nuveen Flagship OH Muni A 4.0 8.3 8.9 621-7227 One Group OH Muni Bond A 3.7 6.8 7.8 480-4111 Prudential Municipal OH B 3.8 8.2 8.5 225-1852 Putnam OH T/E Inc. A 4.4 8.4 9.1 225-1581 Riverfront OH T/F Inv. A 3.8 4.1 6.0 424-2295 Scudder OH Tax-Free 4.5 8.6 9.8 225-2470 Seligman Municipal OH A 4.2 8.4 9.0 221-2783 Smith Barney Muni OH A -- 7.8 10.5 451-2010 Vanguard OH T/F Ins. L/T 4.7 8.5 9.7 662-7447 Victory OH Municipal Bond 3.7 7.9 9.8 539-3863 OREGON Columbia Municipal Bond 4.3 8.4 8.7 547-1707 Crabbe Huson OR T/F Prim. -- 6.9 7.3 541-9732 DE-Voyageur OR Ins. T/F A -- 9.7 10.3 523-4640 EV Marathon OR Muni B 4.0 7.2 8.7 225-6265 First Inv. M/S Ins. OR A -- 10.0 10.3 423-4026 Franklin OR T/F Income I 4.3 8.3 9.1 342-5236 Merrill Lynch OR Muni B 3.7 8.9 9.7 637-3863 Seligman Municipal OR A 4.3 9.1 9.1 221-2783 Stagecoach OR Tax-Free A 3.2 8.6 9.1 222-8222 Tax-Free Trust of OR A 4.0 7.4 8.3 872-6734 PENNSYLVANIA Alliance Muni Inc. II PA B -- 9.7 11.7 227-4618 Armada PA Municipal Ret. 4.2 6.9 6.8 622-3863 Calvert Muni Intm. PA A -- 7.2 8.2 368-2748 Compass PA T/F Inc. Inv. A -- 8.2 9.9 426-6727[5] CoreFund PA Municipal A -- 8.5 9.5 355-2673 Dean Witter M/S Muni PA -- 8.5 9.8 869-6397 DE Tax-Free PA A -- 7.6 8.5 523-4640 Dreyfus PA Intm. Muni Bond -- 8.3 9.2 373-9387 Dreyfus Premier Muni PA A -- 9.8 10.3 554-4611 EV Marathon PA L/M Munis 3.4 7.1 6.5 225-6265 EV Marathon PA Munis B 4.2 8.9 9.7 225-6265 Evergreen PA Tax-Free A 4.6 8.7 9.7 343-2898 Federated PA Intm. Muni 4.3 7.5 8.7 341-7400 Federated PA Muni Inc. A 4.3 9.3 10.9 341-7400 Fidelity Spartan PA Muni Inc. -- 8.3 9.8 544-8888 First Inv. M/S Ins. PA A -- 9.2 10.0 423-4026 Franklin PA Tax-Free Inc. I 4.5 9.0 9.2 342-5236 Kemper State T/F Inc. PA B -- 8.6 -- 621-1048 KeyPremier PA Municipal 4.0 5.6 -- 766-3960 Legg Mason T/F Inc. Prim. 4.9 7.8 8.7 577-8589 Lord Abbett T/F Income PA 4.5 9.0 10.3 874-3733 MFS PA Municipal Bond A 4.9 10.1 9.8 637-2929 Marketvest PA Intm. Muni 3.8 6.6 -- 658-8378 Merrill Lynch PA Ltd. Mat. B 2.9 4.0 5.3 637-3863 Merrill Lynch PA Muni B 4.1 8.5 9.1 637-3863 Nuveen Flagship PA Muni A 4.5 10.0 9.6 621-7227 Oppenheimer PA Muni A -- 9.0 10.0 525-7048 Pillar PA Municipal Sec. A -- 6.6 7.1 932-7782 Prudential Municipal PA B 4.0 8.8 9.2 225-1852 Putnam PA Tax-Ex. Inc. A 4.6 8.7 9.6 225-1581 Scudder PA Tax-Free 4.6 8.8 9.8 225-2470 Seligman PA Municipal A 4.0 8.3 9.8 221-2783 Sentinel PA Tax-Free 3.7 8.6 8.6 282-3863 Smith Barney Muni PA A -- 11.5 11.5 451-2010 Van Kamp. Am. Cap. PA T/F A 4.3 8.6 9.6 421-5666 Vanguard PA T/F Ins. L/T 4.8 8.3 9.6 662-7447 PUERTO RICO Franklin PR Tax-Free Inc. I 4.2 8.8 9.4 342-5236

RHODE ISLAND Boston 1784 RI Tax-Ex. Inc. -- 8.3 9.0 252-1784 EV Marathon RI Muni B 4.1 8.7 9.6 225-6265 Narragansett Ins. T/F A 4.4 8.6 10.3 453-6864 Ocean State Tax-Exempt 4.3 7.2 7.8 992-2207 SOUTH CAROLINA EV Marathon SC Munis B 3.9 8.3 9.2 225-6265 Evergreen SC Muni Bond B 3.8 8.4 10.7 343-2898 MFS SC Municipal Bond A 4.4 9.0 9.1 637-2929 Nations SC Intm. Muni Inv. A 4.0 6.6 7.9 321-7854 Nations SC Muni Inv. B 3.7 7.8 9.6 321-7854 Nuveen Flagship SC Muni A 4.5 10.1 10.2 621-7227 Seligman Municipal SC A 4.3 8.7 10.0 221-2783 Wachovia SC Municipal A 4.0 8.2 9.1 994-4414 SOUTH DAKOTA South Dakota Tax-Free -- 4.7 7.6 276-1262 TENNESSEE AmeriStar TN T/E Bond 4.1 7.1 7.2 824-3741 Dupree TN T/F Income 4.3 9.1 10.7 866-0614 Dupree TN T/F Short-Med. 2.3 5.4 5.5 866-0614 EV Marathon TN Munis B 3.8 8.4 9.8 225-6265 First Funds TN Tax-Free III 4.4 8.4 -- 442-1941 Franklin TN Municipal Bond -- 10.7 11.2 342-5236 MFS TN Municipal Bond A 4.6 9.8 9.1 637-2929 Nations TN Intm. Muni Inv. B 3.3 6.3 7.7 321-7854 Nations TN Muni Inv. B 3.5 8.4 9.8 321-7854 Nuveen Flagship TN Muni A 4.1 9.1 9.3 621-7227 Riverside Cap. Muni Oblg. 4.7 8.0 8.2 874-8376 STI Classic TN T/E Bond Inv. -- 7.5 8.9 428-6970 Tennessee Tax-Free Bond 3.7 6.9 8.7 245-4270 TEXAS Dreyfus Prem. Muni TX A -- 9.9 10.9 554-4611 EV Marathon TX Munis B 4.0 9.3 9.9 225-6265 Franklin TX T/F Income I 4.2 9.1 9.2 342-5236 Kemper State T/F Inc. TX A -- 8.8 10.2 621-1048 Lord Abbett T/F Income TX 4.1 9.5 10.4 874-3733 Merrill Lynch TX Muni B 3.7 8.0 8.4 637-3863 Nations TX Intm. Muni Inv. A 3.9 6.9 7.6 321-7854 Nations TX Muni Inv. B 3.5 8.2 9.9 321-7854 USAA TX Tax-Free Income -- 11.2 12.7 382-8722 UTAH DE-Voyageur T/F UT A -- 10.1 10.7 523-4640 Tax-Free Fund for UT A 4.6 8.6 10.4 882-4937 VERMONT Calvert T/F Res. VT Muni A -- 6.9 8.5 368-2748 Tax-Free Fund of VT -- 7.5 8.0 675-3333 VIRGINIA Alliance Muni Income II VA B -- 10.7 12.0 227-4618 Calvert Municipal Intm. VA A -- 6.7 8.0 368-2748 CrestFunds Intm. Muni Inv. A -- 7.2 8.1 273-7827 CrestFunds VA Muni Inv. B -- 7.9 -- 273-7827 Dreyfus Prem. Muni VA A -- 9.5 10.8 554-4611 EV Marathon VA Municipals B 3.9 8.1 9.2 225-6265 Evergreen VA Muni Bond B 4.0 8.4 9.7 343-2898 First Inv. M/S Ins. VA A -- 9.0 9.7 423-4026 Franklin VA Tax-Free Inc. I 4.3 8.5 9.3 342-5236 MarketWatch VA Muni Bond -- 8.0 7.7 232-9091 MFS VA Municipal Bond A 4.6 8.9 8.9 637-2929 Mosaic VA Tax-Free 4.0 8.5 9.1 336-3063 Nations VA Intm. Muni Inv. A 3.9 6.6 7.7 321-7854 Nations VA Muni Inv. B 3.8 8.6 10.0 321-7854 Nuveen Flagship VA Muni A 4.6 9.4 9.8 621-7227 Rushmore VA Tax-Free 4.1 8.6 8.7 343-3355 Tax-Exempt Fund of VA 3.9 8.3 9.1 421-4120 T. Rowe Price VA S/T T/F -- 4.3 5.1 638-5660 T. Rowe Price VA Tax-Free -- 9.0 9.9 638-5660 USAA VA Bond -- 9.5 10.4 382-8722 Virtus VA Muni Bond Inv. 3.5 7.8 8.1 723-9512 WASHINGTON DE-Voyageur T/F WA Ins. A -- 10.2 11.2 523-4640 Franklin WA Municipal 5.1 9.6 11.6 342-5236 Lord Abbett T/F Income WA 4.8 9.9 10.8 874-3733 Safeco WA State No Load 4.4 8.9 10.4 426-6730 WEST VIRGINIA EV Marathon WV Munis B 3.9 9.1 9.9 225-6265 MFS WV Municipal Bond A 4.7 8.7 8.9 637-2929 One Group WV Muni B[1] 3.3 -- -- 480-4111 OVB WV Tax-Exempt Inc. B -- 8.6 9.2 545-6331 WISCONSIN DE-Voyageur WI T/F A -- 9.1 10.0 523-4640 Heartland WI Tax-Free 4.7 8.1 9.7 432-7856 Nuveen Flagship WI Muni A 4.7 9.4 9.5 621-7227 Principal Pres. WI Tax-Ex. 4.6 8.7 9.3 826-4600

Notes: [*] Annualized [1]Fund liquidated or merged in late December. [2]Fund closed to new investors Area codes: [4]212 [5]888 Area code: [7]808

Source: Morningstar, 312-424-4288