Municipal bond mutual funds ranked by the total return for 1994 (dollar amounts in millions) +++ Set 1 of 3 Rank Fund Name Bank 1 Marshall Short-Term Tax Free Marshall & Ilsley Bank 2 Pacifica Short-Term CA Tax Free First Interstate Bancorp 3 Nations Sh-Term Muni Inc Tr A NationsBank Corp. 4 Nations Sh-Term Muni Inc Inv N NationsBank Corp. 5 UST Master-Sh-Term Tax Exempt Secs U.S. Trust Corp. 6 Dreyfus Sh-Interm Tax Exempt Mellon Bank, N.A. 7 STI Classic Inv Grade T/E Inv SunTrust Banks, Inc. 8 Stagecoach CA Tax Free Income Wells Fargo Bank, N.A. 9 Evergreen Sh-Intermed Muni First Union National Bank of
N.C. 10 Dreyfus PA Intermediate Muni Mellon Bank, N.A. 11 One Group-Tax Free Bond Fid Banc One Corp. 12 FMB MI Tax Free Instl First Michigan Bank 13 FMB MI Tax Free Consumer First Michigan Bank 14 Portico Fds-Tax Ex Interm Bd Firstar Trust Company 15 Evergreen Sh-Intermed Muni CA First Union National Bank of
N.C. 16 One Group-Tax Free Bond Inv Banc One Corp. 17 First Prairie Municipal Insured A First National Bank of Chicago 18 SEI Tax-Exempt Tr-KS Tax Free Inc A Intrust Financial Corp. 19 Marshall Intermediate Tax Free Marshall & Ilsley Bank 20 Ambassador T/F Intermed Fid Comerica Bank 21 First Prairie Muni Interm Fd A First National Bank of Chicago 22 Monitor OH Tax Free A Huntington Bancshares 23 Pillar Fd-PA Municipal Secs A United Jersey Bank 24 Dreyfus Premier Lmtd NY Muni A Mellon Bank, N.A. 25 Ambassador T/F Intermed Retail Comerica Bank 26 Ambassador T/F Intermed Inv Cl Comerica Bank 27 Pierpont Tax Exempt Bond J. P. Morgan & Co. Inc. 28 BB&T NC Interm Tax Free Trust Branch Banking and Trust Company 29 Monitor OH Tax Free B Huntington Bancshares 30 Pillar Fd-PA Municipal Secs B United Jersey Bank 31 Parkstone MI Muni Instl First of America 32 Dreyfus Premier Lmtd MA Muni A Mellon Bank, N.A. 33 BB&T NC Interm Tax Free Inv Branch Banking and Trust Company 34 Nations SC Intermed Muni Tr A NationsBank Corp. 35 First American-Interm Tax Free A First Bank, N.A. 36 Dreyfus Premier Lmtd CA Muni A Mellon Bank, N.A. 37 Parkstone MI Muni Inv A First of America 38 Kent Fds-Medium Term Tx Fr Instl Old Kent Bank & Trust 39 1784 Funds-Tax Exempt Med-Term First National Bank of Boston 40 Kent Fds-Medium Term Tx Fr Inv Old Kent Bank & Trust 41 Muni Temp Inv-Intermediate Muni PNC Bank Corp 42 Nations SC Intermed Muni Inv A NationsBank Corp. 43 Paragon Louisiana Tax-Free Premier Bancorp 44 Vista CA Interm Tax Free Fund Chase Manhattan, N.A. 45 Westcore CO Tax Exempt First Interstate Bancorp 46 Parkstone Municipal Bond Instl First of America 47 Westcore AZ Intermed Tax Free First Interstate Bancorp 48 Parkstone Municipal Bond Inv A First of America 49 Churchill Tax Free Fd of KY PNC Bank Corp 50 Starburst Municipal Income Compass Bank
Bank Proprietary Muni Bond Avg
All Muni Fund Averages
Lehman Bros Muni Set 2 of 3
TOTAL RETURN THROUGH YEAREND 1994 (%)
Fund Assets Full Year Rank Fund Name Investment Objective 9/30/94 1994 1 Marshall Short- Municipal Bond $25.90 1.28 2 Pacifica Short- Municipal Single State 25 1.12 3 Nations Sh-Term Municipal Bond 34.2 0.46 4 Nations Sh-Term Municipal Bond 16.4 0.11 5 UST Master-Sh-T Municipal Bond 54.9 -0.3 6 Dreyfus Sh-Inte Municipal Bond 514.2 -0.32 7 STI Classic Inv Municipal Bond 44.7 -0.6 8 Stagecoach CA T Municipal Single State 56.8 -1.11 9 Evergreen Sh-In Municipal Bond 53.7 -1.41 10 Dreyfus PA Inte Municipal Single State 23.5 -1.5 11 One Group-Tax F Municipal Bond 163 -1.6 12 FMB MI Tax Free Municipal Single State 14.6 -1.7 13 FMB MI Tax Free Municipal Single State 13.8 -1.7 14 Portico Fds-Tax Municipal Bond 26.2 -1.73 15 Evergreen Sh-In Municipal Single State 28.4 -1.77 16 One Group-Tax F Municipal Bond 10.7 -1.88 17 First Prairie M Municipal Bond 8 -1.98 18 SEI Tax-Exempt Municipal Single State 62 -2.27 19 Marshall Interm Municipal Bond 36.2 -2.32 20 Ambassador T/F Municipal Bond 3.8 -2.35 21 First Prairie M Municipal Bond 26.5 -2.39 22 Monitor OH Tax Municipal Single State 57.5 -2.57 23 Pillar Fd-PA Mu Municipal Single State 2.7 -2.58 24 Dreyfus Premier Municipal Single State 2.8 -2.6 25 Ambassador T/F Municipal Bond 4.1 -2.61 26 Ambassador T/F Municipal Bond 367.8 -2.61 27 Pierpont Tax Ex Municipal Bond 376.4 -2.7 28 BB&T NC Interm Municipal Single State 27.8 -2.79 29 Monitor OH Tax Municipal Single State 2.6 -2.79 30 Pillar Fd-PA Mu Municipal Single State 0.4 -2.83 31 Parkstone MI Mu Municipal Single State 182.4 -2.86 32 Dreyfus Premier Municipal Single State 20 -2.86 33 BB&T NC Interm Municipal Single State 27.8 -2.93 34 Nations SC Inte Municipal Single State 57.3 -2.93 35 First American- Municipal Bond 1.1 -2.95 36 Dreyfus Premier Municipal Single State 11.1 -2.98 37 Parkstone MI Mu Municipal Single State 41.3 -3 38 Kent Fds-Medium Municipal Bond 398.4 -3.01 39 1784 Funds-Tax Municipal Bond 48.5 -3.03 40 Kent Fds-Medium Municipal Bond 3.8 -3.03 41 Muni Temp Inv-I Municipal Bond 20 -3.07 42 Nations SC Inte Municipal Single State 17.8 -3.11 43 Paragon Louisia Municipal Single State 203 -3.2 44 Vista CA Interm Municipal Single State 35.6 -3.22 45 Westcore CO Tax Municipal Single State 10.1 -3.24 46 Parkstone Munic Municipal Bond 146.7 -3.25 47 Westcore AZ Int Municipal Single State 26.2 -3.3 48 Parkstone Munic Municipal Bond 12.7 -3.3 49 Churchill Tax F Municipal Single State 245.8 -3.3 50 Starburst Munic Municipal Bond 29.9 -3.32
Bank Proprietar $93.80 -5.35
All Muni Fund Averages $174.60 -5.92
Lehman Bros Muni -5.13 Set 3 of 3
TOTAL RETURN THROUGH YEAREND 1994 (%)
4th Quarter Latest Latest Latest Rank Fund Name 1994 3 years 5 Years 10 Years 1 Marshall Short- 0.23 2 Pacifica Short- 0.35 3 Nations Sh-Term -0.14 4 Nations Sh-Term -0.23 5 UST Master-Sh-T -0.49 6 Dreyfus Sh-Inte -0.52 4.38 5.55 7 STI Classic Inv -0.06 8 Stagecoach CA T -0.51 9 Evergreen Sh-In -0.67 4.31 10 Dreyfus PA Inte -1.69 11 One Group-Tax F -1.34 12 FMB MI Tax Free -0.54 4.86 13 FMB MI Tax Free -0.54 4.81 14 Portico Fds-Tax -0.53 15 Evergreen Sh-In -1.2 16 One Group-Tax F -1.48 17 First Prairie M -0.2 5.92 7.45 18 SEI Tax-Exempt -0.75 5.44 19 Marshall Interm -0.72 20 Ambassador T/F -0.74 21 First Prairie M -1.07 4.84 6.76 22 Monitor OH Tax -0.89 3.74 5.29 23 Pillar Fd-PA Mu -0.95 24 Dreyfus Premier -0.84 4.87 6.3 25 Ambassador T/F -0.81 26 Ambassador T/F -0.82 3.51 5.4 27 Pierpont Tax Ex -0.92 5.01 6.54 7.63 28 BB&T NC Interm -0.55 29 Monitor OH Tax -0.96 3.48 30 Pillar Fd-PA Mu -1.01 31 Parkstone MI Mu -0.82 4.49 32 Dreyfus Premier -0.74 5.24 6.77 33 BB&T NC Interm -0.59 34 Nations SC Inte -0.81 35 First American- -0.66 3.8 5.06 36 Dreyfus Premier -1.13 5.28 6.63 37 Parkstone MI Mu -0.8 4.41 38 Kent Fds-Medium -0.64 39 1784 Funds-Tax -1.01 40 Kent Fds-Medium -0.74 41 Muni Temp Inv-I -0.65 4.21 6.09 6.25 42 Nations SC Inte -0.86 43 Paragon Louisia -0.85 4.88 44 Vista CA Interm -1.3 45 Westcore CO Tax -0.89 4.74 46 Parkstone Munic -1.04 4.35 5.61 47 Westcore AZ Int -1.31 48 Parkstone Munic -1.01 4.28 5.57 49 Churchill Tax F -0.95 5.08 6.57 50 Starburst Munic -0.89 4.58
Bank Proprietar -1.37 4.7 6.43 8.09
All Muni Fund A -1.63 4.64 6.24 8.37
Lehman Bros Mun -1.39 5.04 6.88 9.48 ===
