+++ Municipal bond funds, with assets of $25 million or more, ranked by the total return for 1998. (Dollar amounts in millions)

part 1 of 3

Fund Name Bank

1 CitiFunds National Tax Free (2Citigroup Inc.

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

3 Stagecoach CA Tax Free Bd I (2)Wells Fargo & Co.

4 CitiFunds NY Tax Free Income Citigroup Inc.

5 Stagecoach CA Tax Free Bd A Wells Fargo & Co.

6 Dreyfus Basic Municipal Bond Fd Mellon Bank Corp.

7 STI Classic Inv Grade T/E Inv SunTrust Banks Inc.

8 Dreyfus Basic Interm Muni Bd (1)Mellon Bank Corp.

9 Dreyfus NY Tax Exempt Bond Mellon Bank Corp.

# Boston 1784 Funds-CT Tax-Ex Inc ABankBoston Corp.

# Evergreen VA Muni Bond Y First Union Corp.

# Victory Portf-OH Municipal Bond KeyCorp

# Norwest Advantage-T/F Income I Wells Fargo & Co.

# Evergreen FL High Income Muni Y First Union Corp.

# Norwest Advantage-T/F Income A Wells Fargo & Co.

# Highmark CA TF Inter Fid Unionbancal Corp.

# Pacific Horizon CA T/E Bond BankAmerica Corp.

# BlackRock-Tax Free Inc Inst PNC Bank Corp.

# Boston 1784 Funds-T/E Med Term A BankBoston Corp.

# First American-MN Tax Free A U.S. Bancorp.

# Boston 1784 Funds-FL Tax-Ex Inc BankBoston Corp.

# BlackRock-OH Tax Free Inst PNC Bank Corp.

# Dreyfus General NY Muni Bond Mellon Bank Corp.

# Evergreen GA Muni Bond Y First Union Corp.

# Dreyfus Premier CT Muni A Mellon Bank Corp.

Average for the top 25

Average for the 225 funds with assets of $25 million or more

Average for all 480 bank proprietary municipal mutual funds

Nonbank muni avgerage

Lehman Bros. muni average

part 2 of 3

TOTAL RETURNS

THROUGH YEAREND 1998

Fund Asset Full Fouth Latest 3

Year

1 Municipal - National$97.30 10.06 0.95 8.11

2 Municipal - National 151.42 7.07 0.77 6.68

3 Municipal - Single S 79.17 6.87 0.41 6.61

4 Municipal - Single S 332.2 6.82 0.48 6.45

5 Municipal - Single S 504.75 6.81 0.39 6.57

6 Municipal - National 193.49 6.79 0.25 7.4

7 Municipal - National 27.28 6.73 0.76 6.36

8 Municipal - National 93.38 6.71 0.75 6.76

9 Municipal - Single S1670.83 6.7 0.53 6.07

10 Municipal - Single S 164.6 6.67 0.59 6.15

11 Municipal - Single S 107.84 6.57 0.55 6.45

12 Municipal - Single S 82.51 6.55 0.33 6.24

13 Municipal - National 302.93 6.54 0.17 7.16

14 Municipal - Single S 30.03 6.47 0.56 7.75

15 Municipal - National 43.15 6.44 0.16 7.12

16 Municipal - Single S 158.04 6.43 0.38 6.05

17 Municipal - Single S 227.3 6.42 0.35 6.2

18 Municipal - National 286.04 6.42 0.63 7.4

19 Municipal - National 322.16 6.41 0.6 6.58

20 Municipal - Single S 119.03 6.4 0.72 5.79

21 Municipal - Single S 55.55 6.38 0.75

22 Municipal - Single S 101.07 6.36 0.56 6.38

23 Municipal - Single S 306.62 6.34 0.2 6.3

24 Municipal - Single S 68.79 6.34 0.32 6.79

25 Municipal - Single S 315.76 6.33 0.69 6.7

Ave 0.51 6.67

Ave 0.35 5.73

Ave 0.29 5.49

Non 0.19 5.7

Leh 0.66 6.7

part 3 of 3

TOTAL RETURNS THROUGH YEAREND 1998

Latest 5 Lastest 10

Investment Object Year Years*

1 Municipal - National

2 Municipal - National 6.83

3 Municipal - Single S 6.17 8.14

4 Municipal - Single S 5.64 7.58

5 Municipal - Single S 6.15 8.13

6 Municipal - National

7 Municipal - National 6.49

8 Municipal - National

9 Municipal - Single S 5.23 7.41

# Municipal - Single State

# Municipal - Single State

# Municipal - Single S 6.16

# Municipal - National 6.45

# Municipal - Single State

# Municipal - National 6.45

# Municipal - Single S 5.34

# Municipal - Single S 5.55 7.52

# Municipal - National 6.5

# Municipal - National 6.06

# Municipal - Single S 5.98 7.73

# Municipal - Single State

# Municipal - Single S 5.81

# Municipal - Single S 5.38 7.8

# Municipal - Single State

# Municipal - Single S 5.75 7.75

Ave 6 7.76

Ave 5.2 7.37

Ave 5.03 7.02

Non 5.22 7.36

Leh 6.24 8.22 ===

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