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part 1 of 3
Rank Fund Name Bank
1 Dreyfus Premier NC Muni A Mellon Bank, N.A.
2 Dreyfus Premier NC Muni B Mellon Bank, N.A.
3 Dreyfus Premier VA Muni A Mellon Bank, N.A.
4 Dreyfus General CA Muni Bond Mellon Bank, N.A.
5 Dreyfus Premier VA Muni B Mellon Bank, N.A.
6 Sierra Tr FL Ins Municipal A Great Western Financial
7 1784 Funds-RI Tax Ex Income A First National Bank of Boston
8 Dreyfus MA Tax Exempt Bond Mellon Bank, N.A.
9 Dreyfus Premier MD Muni A Mellon Bank, N.A.
10 Dreyfus Basic Municipal Bond Fd Mellon Bank, N.A.
11 One Group-Muni Income Fid Banc One Corporation
12 Dreyfus Premier MD Muni B Mellon Bank, N.A.
13 Churchill Tax Free Fd of KY PNC Bank Corp
14 Dreyfus Premier CT Muni A Mellon Bank, N.A.
15 Norwest CO Tax Free A Norwest Bank Minnesota N.A.
16 Nations Muni Income Fd Pr A NationsBank Corporation
17 Overland Express Muni Income A Wells Fargo Bank, N.A.
18 Atlas CA Municipal Bond Fd A World Savings and Loan Associa
19 Vista NY Tax Free Income A Chase Manhattan, N.A.
20 Nations Muni Income Fd Inv A NationsBank Corporation
21 Dreyfus CA Tax Exempt Bond Mellon Bank, N.A.
22 1784 Funds-CT Tax-Exempt Income A First National Bank of
23 Norwest MN Tax Free A Norwest Bank Minnesota N.A.
24 Tower Louisiana Muni Hibernia National Bank
25 Dreyfus Premier MI Muni A Mellon Bank, N.A.
Bank Proprietary Muni Average
Nonbank Muni Fund Averages
Lehman Bros Muni
part 2 of 3
TOTAL RETURN THROUGH JUNE 30, 1996 (%)
Rank Investment Objective Fund Assets Second Latest
3/31/96 Quarter 6 Months
1 Dreyfus PremMunicipal Single Stat 48.1 1.58 -0.72
2 Dreyfus PremMunicipal Single Stat 43.1 1.45 -0.97
3 Dreyfus PremMunicipal Single Stat 61.8 1.35 -1.02
4 Dreyfus GeneMunicipal Single Stat 312.7 1.28 -1.44
5 Dreyfus PremMunicipal Single Stat 33.2 1.22 -1.28
6 Sierra Tr FLMunicipal Single Stat 30.6 1.18 -1.83
7 1784 Funds-RMunicipal Single Stat 35.9 1.18 0.17
8 Dreyfus MA TMunicipal Single Stat 145.7 1.16 -1.07
9 Dreyfus PremMunicipal Single Stat 288.5 1.09 -0.1
10 Dreyfus BasiMunicipal Bond 49.5 1.07 -1.42
11 One Group-MuMunicipal Bond 226.2 1.06 0.5
12 Dreyfus PremMunicipal Single Stat 40.9 1.03 -0.29
13 Churchill TaMunicipal Single Stat 225.7 1.02 0.13
14 Dreyfus PremMunicipal Single Stat 324.3 1.02 -0.2
15 Norwest CO TMunicipal Single Stat 27.9 1 -0.28
16 Nations MuniMunicipal Bond 68.3 0.99 -0.59
17 Overland ExpMunicipal Bond 54.1 0.97 -0.68
18 Atlas CA MunMunicipal Single Stat 177.7 0.94 -1.02
19 Vista NY TaxMunicipal Single Stat 95.4 0.94 -0.36
20 Nations MuniMunicipal Bond 26 0.94 -0.69
21 Dreyfus CA TMunicipal Single Stat 1397.1 0.94 -1.45
22 1784 Funds-CMunicipal Single Stat 75.8 0.93 -0.35
23 Norwest MN TMunicipal Single Stat 25.5 0.91 -0.87
24 Tower LouisiMunicipal Single Stat 65.1 0.89 -0.47
25 Dreyfus PremMunicipal Single Stat 169.7 0.89 -1.39
Bank Proprietary Muni Average 66.7 0.5 -0.85
Nonbank Muni Fund Averages 160 0.62 -1.09
Lehman Bros Muni 0.76 -0.45
part 3 of 3
Rank Fund Name Latest Latest Latest
1 Year* 3 Years*5 Years*
1 Dreyfus Premier NC Muni A 6.82 3.97
2 Dreyfus Premier NC Muni B 6.28 3.42
3 Dreyfus Premier VA Muni A 6.51 4.57
4 Dreyfus General CA Muni Bond 6.32 4.25 7.55
5 Dreyfus Premier VA Muni B 5.97 4.02
6 Sierra Tr FL Ins Municipal A 7.56 3.95
7 1784 Funds-RI Tax Ex Income A 6.25
8 Dreyfus MA Tax Exempt Bond 5.66 4.02 7.04
9 Dreyfus Premier MD Muni A 5.99 4.5 7.44
10 Dreyfus Basic Municipal Bond Fd 6.73
11 One Group-Muni Income Fid 5.54 4.43
12 Dreyfus Premier MD Muni B 5.5 3.95
13 Churchill Tax Free Fd of KY 5.85 4.63 7.19
14 Dreyfus Premier CT Muni A 5.84 4.19 7.39
15 Norwest CO Tax Free A 7.48 4.86
16 Nations Muni Income Fd Pr A 7.25 4.86 7.94
17 Overland Express Muni Income A 6.6 4.1
18 Atlas CA Municipal Bond Fd A 5.34 3.92 7.24
19 Vista NY Tax Free Income A 6.11 4.16 8.11
20 Nations Muni Income Fd Inv A 7.04 4.67 7.78
21 Dreyfus CA Tax Exempt Bond 4.55 2.93 5.87
22 1784 Funds-CT Tax-Exempt Income 6
23 Norwest MN Tax Free A 6.3 4.69 6.45
24 Tower Louisiana Muni 6.03 4.48 7.39
25 Dreyfus Premier MI Muni A 6.24 5.14 8.21
Bank Proprietary Muni Average 5.3 4.13 6.99
Nonbank Muni Fund Averages 5.56 4.13 7.13
Lehman Bros Muni 6.64 5.15 7.78
