Performance of Top 25 Tax-Exempt Funds Managed by Banks and Thrifts

+++ Municipal bond mutual funds, with assets of $25 million or more, ranked by the total return for 1996 (dollar amounts in millions)

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Rank Fund Name Bank

1 Evergreen FL High Income Muni A First Union National Bank of

2 STI Classic Inv Grade T/E Tr SunTrust Banks, Inc.

3 Compass Capital-Tax Free Inc SvcPNC Bank Corp

4 STI Classic Inv Grade T/E Inv SunTrust Banks, Inc.

5 Norwest Advantage-CO Tax Free A Norwest Bank Minnesota N.A.

6 Norwest Advantage-CO Tax Free I Norwest Bank Minnesota N.A.

7 Dreyfus Basic Interm Muni Bd Mellon Bank, N.A.

8 Norwest Advantage-T/F Income A Norwest Bank Minnesota N.A.

9 Norwest Advantage-T/F Income I Norwest Bank Minnesota N.A.

10 1784 Funds-RI Tax Ex Income A First National Bank of Boston

11 Nations Muni Income Fd Pr A NationsBank Corporation

12 Dreyfus Premier TX Muni A Mellon Bank, N.A.

13 Dreyfus Basic Municipal Bond Fd Mellon Bank, N.A.

14 One Group-Muni Income Fid Banc One Corporation

15 Dreyfus Premier CT Muni A Mellon Bank, N.A.

16 Dreyfus Premier MD Muni A Mellon Bank, N.A.

17 Victory Portf-National Muni A KeyCorp

18 Sierra Tr CA Municipal Bond A Great Western Financial

19 Dreyfus Premier VA Muni A Mellon Bank, N.A.

20 One Group-Interm Tax Free Fid Banc One Corporation

21 One Group-Muni Income Inv Banc One Corporation

22 Victory Portf-OH Municipal Bond KeyCorp

23 Sierra Tr National Municipal A Great Western Financial

24 Excelsior TXE NY Intermediate U.S. Trust Corp.

25 Dreyfus General CA Muni Bond Mellon Bank, N.A.

Bank Proprietary Muni Avg

Non-Bank Muni Fund Averages

Lehman Bros Muni

TOTAL RETURN THROUGH

YEAREND 1996 (%)

Rank Fund Name Investment ObjectiveFund AssFull Yea4th Qtr.

9/30/96 1996 1996

1 Evergreen FL Hig Municipal Single Sta $78.40 5.57 2.55

2 STI Classic Inv Municipal Bond 130.1 5.52 2.44

3 Compass Capital- Municipal Bond 36.2 5.51 2.82

4 STI Classic Inv Municipal Bond 34.9 5 2.33

5 Norwest Advantag Municipal Single Sta 27.2 4.88 2.47

6 Norwest Advantag Municipal Single Sta 25.2 4.88 2.47

7 Dreyfus Basic In Municipal Bond 46.9 4.86 2.65

8 Norwest Advantag Municipal Bond 28.4 4.74 2.79

9 Norwest Advantag Municipal Bond 276.6 4.74 2.69

10 1784 Funds-RI Ta Municipal Single Sta 43.9 4.73 2.54

11 Nations Muni Inc Municipal Bond 67.6 4.71 2.56

12 Dreyfus Premier Municipal Single Sta 62.6 4.69 2.67

13 Dreyfus Basic Mu Municipal Bond 59.3 4.59 2.74

14 One Group-Muni I Municipal Bond 265.4 4.58 1.79

15 Dreyfus Premier Municipal Single Sta 316.9 4.53 2.39

16 Dreyfus Premier Municipal Single Sta 277.3 4.51 2.12

17 Victory Portf-Na Municipal Bond 36.2 4.46 2.59

18 Sierra Tr CA Mun Municipal Single Sta 366.1 4.42 2.51

19 Dreyfus Premier Municipal Single Sta 62.7 4.41 2.57

20 One Group-Interm Municipal Bond 233.9 4.39 2.61

21 One Group-Muni I Municipal Bond 26.7 4.35 1.83

22 Victory Portf-OH Municipal Single Sta 72.5 4.33 2.7

23 Sierra Tr Nation Municipal Bond 220.9 4.31 2.68

24 Excelsior TXE NY Municipal Single Sta 94.6 4.31 2.16

25 Dreyfus General Municipal Single Sta 295.9 4.3 2.7

Bank Proprietary Muni Avg $65.40 3.37 2.23

Non-Bank Muni Fund Averages $159.90 3.35 2.24

Lehman Bros 4.43 2.55

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Rank Fund Name Latest Latest Latest

3 Years*5 Years*10 Years*

1 Evergreen FL High Income Muni 6.14

2 STI Classic Inv Grade T/E Tr 6.54

3 Compass Capital-Tax Free Inc S 5.06 7.35

4 STI Classic Inv Grade T/E Inv 6.12

5 Norwest Advantage-CO Tax Free 4.9

6 Norwest Advantage-CO Tax Free 4.9

7 Dreyfus Basic Interm Muni Bd

8 Norwest Advantage-T/F Income A 5.21 6.47

9 Norwest Advantage-T/F Income I 5.17

10 1784 Funds-RI Tax Ex Income A

11 Nations Muni Income Fd Pr A 5.02 7.33

12 Dreyfus Premier TX Muni A 5.72 8.06

13 Dreyfus Basic Municipal Bond Fd

14 One Group-Muni Income Fid 4.85

15 Dreyfus Premier CT Muni A 4.41 6.86

16 Dreyfus Premier MD Muni A 4.88 6.85

17 Victory Portf-National Muni A

18 Sierra Tr CA Municipal Bond A 4.06 6.93

19 Dreyfus Premier VA Muni A 4.71 7.71

20 One Group-Interm Tax Free Fid 4.28 5.98

21 One Group-Muni Income Inv 4.63

22 Victory Portf-OH Municipal Bon 5.48 7.33

23 Sierra Tr National Municipal A 3.9 7.28

24 Excelsior TXE NY Intermediate 4.31 5.73

25 Dreyfus General CA Muni Bond 4.6 7.16

Bank Proprietary Muni Avg 4.09 6.43 6.98

Non-Bank Muni Fund Averages 4.09 6.57 6.87

Lehman Bros Muni 5.17 7.28 7.80 ===

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