FGIC Advisors Inc. last week announced the expansion of its

cash

management fund program for municipalities into several new

states.

FGIC Advisors has entered into a joint venture agreement with

Denver-based Langhoff Brooks & Co. to introduce the program,

FGIC Public

Trust, in Colorado.

Langhoff Brooks will act as a sales agent for the trust, which

is

distributed by ALPS Mutual Funds Services Inc. of Denver. The

trust consists of

two funds, the US Treasury Money Market fund and the Short-Term

US

Government Income fund, both of which became operational in

mid-May.

In addition, ALPs has hired Richard Thivierge as New England

sales

manager and David Nauss as the region's marketing consultant for

FGIC

Public Trust's expansion into Connecticut, Maine, Massachusetts,

and

Rhode Island.

Both men were executives with the former Connecticut Bank &

Trust

Co.

"This is the beginning of a specific strategy to roll out into

states where

both funds are allowable investments," said Stephen Attanasio,

chief

operating officer for mutual fund management for FGIC Advisors.

FGIC Advisors is also working with PackerKane & Co.'s Winter

Park,

Fla., office to begin the program in Florida, Attanasio said.

Both funds are registered with the Securities and Exchange

Commission

and are rated triple-A by Standard & Poor's Corp. and Moody's

Investors

Service.

FGIC Advisors is a subsidiary of FGIC Holdings, the parent

company

of Financial Guaranty Insurance Co.

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