Municipal bond mutual funds, with assets of $25 million or more, ranked
part 1 of 3
Rank Fund Name Bank
1 UST Master-TXE Long-Term U.S. Trust Corp.
2 Evergreen High Grade Tax Free A First Union National Bank of N.C.
3 Evergreen High Grade Tax Free B First Union National Bank of N.C.
4 Evergreen NC Muni Bond B First Union National Bank of N.C.
5 Evergreen FL Muni Bond A First Union National Bank of N.C.
6 Nations Muni Income Fd Tr A NationsBank Corporation
7 Nations NC Muni Bond Inv N NationsBank Corporation
8 Nations Muni Income Fd Inv A NationsBank Corporation
9 Dreyfus Basic Municipal Bond Fd Mellon Bank, N.A.
10 Dreyfus Premier VA Muni A Mellon Bank, N.A.
11 Dreyfus Premier TX Muni A Mellon Bank, N.A.
12 Narragansett Insd Tax-Free Inc Citizens Trust Company
13 Evergreen FL Muni Bond B First Union National Bank of N.C.
14 Dreyfus Premier NY Muni A Mellon Bank, N.A.
15 Evergreen FL High Income Muni A First Union National Bank of N.C.
16 Dreyfus Premier VA Muni B Mellon Bank, N.A.
17 Composite Tax Exempt Bond Fd A Washington Mutual
18 Stagecoach CA Tax-Free Bond A Wells Fargo Bank, N.A.
19 Dreyfus Premier NC Muni A Mellon Bank, N.A.
20 Sierra Tr CA Municipal Bond A Great Western Financial
21 Dreyfus General CA Muni Bond Mellon Bank, N.A.
22 Dreyfus Premier NY Muni B Mellon Bank, N.A.
23 Landmark NY Tax Free Income Citibank, N.A.
24 PNC Fund-PA Tax Free Inc A PNC Bank Corp
25 Vision NY Tax-Free Fund First Empire State Corp.
26 Pacific Capital T/F Secs B Bank of Hawaii
27 Victory Portf-OH Municipal Bond KeyCorp
28 Dreyfus Premier PA Muni A Mellon Bank, N.A.
29 Sierra Tr FL Ins Municipal A Great Western Financial
30 Dreyfus Premier NC Muni B Mellon Bank, N.A.
31 Dreyfus Premier MI Muni A Mellon Bank, N.A.
32 Dreyfus Premier Muni Bond A Mellon Bank, N.A.
33 Dreyfus Premier CA Muni A Mellon Bank, N.A.
34 Northern Tax Exempt Fund Northern Trust Company
35 Dreyfus General Municipal Bond Mellon Bank, N.A.
36 Dreyfus Premier PA Muni B Mellon Bank, N.A.
37 Arch Fd-MO Tax Free Bond Tr Mercantile Bank St. Louis
38 Norwest CO Tax Free A Norwest Bank Minnesota N.A.
39 Pilot Municipal Bond Pil Boatmen s Trust
40 Norwest CO Tax Free Tr Norwest Bank Minnesota N.A.
41 Dreyfus Premier Muni Bond B Mellon Bank, N.A.
42 Norwest Tax Free Income A Norwest Bank Minnesota N.A.
43 Galaxy NY Muni Bond Ret Fleet Financial Group
44 DG Investor Series-Muni Income Deposit Guaranty Bank
45 Vista Tax Free Income A Chase Manhattan, N.A.
46 Norwest Tax Free Income Tr Norwest Bank Minnesota N.A.
47 Dreyfus Premier FL Muni A Mellon Bank, N.A.
48 Munder MI Triple Tax-Free Bond KComerica Bank
49 Emerald FL Tax Exempt Inst Barnett Banks
50 Dreyfus General NY Muni Bond Mellon Bank, N.A.
Bank Proprietary Muni Average
Non-Bank Muni Fund Averages
Lehman Bros Muni
part 2 of 3
TOTAL RETURN THROUGH YEAREND 1994
Rank Investment Objective Fund Assets Full Year 4th Quar Latest
9/30/95 1995 19953 years*
1 Municipal Bond 87.5 23.39 7.01 10.36
2 Municipal Bond 57.9 21.19 6.65 8.21
3 Municipal Bond 34.4 20.29 6.45
4 Municipal Single Sta 49 19.89 6.75
5 Municipal Single Sta 131.2 19.57 4.95
6 Municipal Bond 65.3 19.51 4.73 7.88
7 Municipal Single Sta 28.9 19.49 5.57
8 Municipal Bond 26.9 19.27 4.68 7.69
9 Municipal Bond 44.7 19.24 5.53
10 Municipal Single Sta 62.9 19.04 5.2 7.78
11 Municipal Single Sta 67.3 18.62 4.91 8.66
12 Municipal Single Sta 35.6 18.58 3.72 7.91
13 Municipal Single Sta 27.3 18.57 4.71
14 Municipal Single Sta 144 18.48 4.45 8.02
15 Municipal High Yield 60.9 18.47 4.12 8.88
16 Municipal Single Sta 30.7 18.43 5.06
17 Municipal Bond 221.8 18.25 5.15 7.54
18 Municipal Single Sta 207.4 18.24 4.94 7.66
19 Municipal Single Sta 50.7 18.14 5.07 7.13
20 Municipal Single Sta 396.7 18.09 4.7 7.04
21 Municipal Single Sta 317.8 18.01 5.22 7.65
22 Municipal Single Sta 64.1 17.94 4.31
23 Municipal Single Sta 88.1 17.89 5.39 6.91
24 Municipal Single Sta 42.6 17.87 4.07 7.24
25 Municipal Single Sta 49.1 17.77 4.6
26 Municipal Bond 284.3 17.76 4.75
27 Municipal Single Sta 59.1 17.74 4.8 8.21
28 Municipal Single Sta 219.2 17.65 4.65 7.89
29 Municipal Single Sta 32.5 17.57 6.31
30 Municipal Single Sta 42.8 17.55 4.94
31 Municipal Single Sta 175.7 17.47 5.19 8.41
32 Municipal Bond 495.7 17.46 4.2 7.93
33 Municipal Single Sta 184.3 17.38 5.1 7.8
34 Municipal Bond 120.2 17.37 5.29
35 Municipal Bond 933.6 17.28 4.15 7.19
36 Municipal Single Sta 71.9 17.06 4.51
37 Municipal Single Sta 45.2 17.03 4.1 7.32
38 Municipal Single Sta 26.1 17 4.47
39 Municipal Bond 154.2 17 4.75
40 Municipal Single Sta 25.9 16.99 4.47
41 Municipal Bond 100.9 16.94 4.13
42 Municipal Bond 32.7 16.87 5.07 6.77
43 Municipal Single Sta 40.7 16.85 3.58 6.76
44 Municipal Bond 44.8 16.8 3.53 7.05
45 Municipal Bond 87.3 16.76 4.76 7.45
46 Municipal Bond 98.2 16.74 4.96
47 Municipal Single Sta 249 16.68 3.85 7.65
48 Municipal Single Sta 26.3 16.64 4.34
49 Municipal Single Sta 31.6 16.61 5.28
50 Municipal Single Sta 328.9 16.54 4.75 7.29
75.6 15.14 3.68
183.1 15.93 4.3
17.41 4.13 7.74
part 3 of 3
Rank Investment ObjectiveLatest Latest
5 years*10 years*
1 Municipal Bond 10.76
2 Municipal Bond
3 Municipal Bond
4 Municipal Single State
5 Municipal Single State
6 Municipal Bond
7 Municipal Single State
8 Municipal Bond
9 Municipal Bond
10 Municipal Single State
11 Municipal Single Sta 9.8
12 Municipal Single State
13 Municipal Single State
14 Municipal Single Sta 9.67
15 Municipal High Yield
16 Municipal Single State
17 Municipal Bond 8.59 8.55
18 Municipal Single State
19 Municipal Single State
20 Municipal Single Sta 7.98
21 Municipal Single Sta 8.49
22 Municipal Single State
23 Municipal Single Sta 8.17
24 Municipal Single State
25 Municipal Single State
26 Municipal Bond
27 Municipal Single Sta 8.62
28 Municipal Single Sta 9.13
29 Municipal Single State
30 Municipal Single State
31 Municipal Single Sta 9.49
32 Municipal Bond 9.51
33 Municipal Single Sta 8.54
34 Municipal Bond
35 Municipal Bond 9.18 8.78
36 Municipal Single State
37 Municipal Single Sta 8.51
38 Municipal Single State
39 Municipal Bond
40 Municipal Single State
41 Municipal Bond
42 Municipal Bond 7.41
43 Municipal Single State
44 Municipal Bond
45 Municipal Bond 9.8
46 Municipal Bond
47 Municipal Single Sta 8.85
48 Municipal Single State
49 Municipal Single State
50 Municipal Single Sta 9.18 8.04
6.66 7.98
6.96 8.19
8.82 9.24