First Union Corp.'s Evergreen Asset Management unit said it has dropped the word "insured" from the name of a mutual fund it manages, in order to comply with banking regulations.

The Evergreen Insured National Tax-Free Fund was renamed the Evergreen National Tax-Free Fund on Aug. 1. The fund's investment policy calls for it to hold at least 80% of its portfolio in insured municipal bonds -- a practice that will continue, despite the name change.

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