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Municipal bond mutual funds, with assets of $25 million or more,
(Dollar amounts in millions)
part 1 of 3
Rank Fund Name Bank
1 Boston 1784 Funds-CT Tax-Ex Inc BankBoston Corp.
2 CitiFunds NY Tax Free Income Citicorp
3 Victory Portf-OH Municipal Bond KeyCorp
4 Norwest Advantage-T/F Income A Norwest Corp.
5 Boston 1784 Funds-T/E Med Term ABankBoston Corp.
6 Dreyfus Basic Municipal Bond Fd Mellon Bank Corp.
7 Evergreen FL High Income Muni A First Union Corp.
8 Norwest Advantage-MN Tax Free A Norwest Corp.
9 Norwest Advantage-T/F Income I Norwest Corp.
10 Dreyfus Premier MA Muni A Mellon Bank Corp.
11 Piper MN Tax-Exempt A First Bank
12 Stagecoach CA Tax Free Bd A Wells Fargo & Co.
13 Excelsior TXE Long-Term U.S. Trust Corp.
14 Galaxy Tax Exempt Bond Inst Fleet Financial Group
15 Dreyfus Premier TX Muni A Mellon Bank Corp.
16 Dreyfus Premier MI Muni A Mellon Bank Corp.
17 STI Classic Inv Grade T/E Tr SunTrust Banks Inc.
18 Chase Vista Tax Free Income A Chase Manhattan Corp.
19 Pegasus Municipal Bond I (1) First Chicago NBD Corp.
20 Piper National Tax-Exempt Fd First Bank
21 Galaxy NY Muni Bond Inst Fleet Financial Group
22 Dreyfus General CA Muni Bond Mellon Bank Corp.
23 Evergreen NC Muni Bond Y First Union Corp.
24 Evergreen VA Muni Bond Y First Union Corp.
25 Dreyfus Basic Interm Muni Bd Mellon Bank Corp.
Average for top 25 funds with $25 million or more in assets
Average for all 220 funds with $25 million or more in assets
Averages for all 495 bank proprietary municipal funds
Nonbank Avg
Lehman Brothers Municipal
part 2 of 3
Fund Assets First Latest
Rank Investment Objective 3/31/98 Qtr. to Date
1 Municipal - Single St 130.2 1.8 3.05
2 Municipal - Single St 115.6 1.76 2.86
3 Municipal - Single St 78.3 1.76 2.71
4 Municipal - National 32 1.74 2.62
5 Municipal - National 303.2 1.71 2.66
6 Municipal - National 159.1 1.68 2.78
7 Municipal - Single St 157.3 1.66 3.17
8 Municipal - Single St 33.2 1.66 2.76
9 Municipal - National 281.9 1.65 2.62
10 Municipal - Single St 61.2 1.63 2.83
11 Municipal - Single St 121.5 1.62 2.6
12 Municipal - Single St 510.9 1.6 2.86
13 Municipal - National 149.2 1.6 2.64
14 Municipal - National 131.1 1.6 2.47
15 Municipal - Single St 60.6 1.6 2.94
16 Municipal - Single St 153.7 1.59 2.72
17 Municipal - National 145.1 1.59 2.7
18 Municipal - National 59.8 1.59 2.32
19 Municipal - National 365.4 1.58 2.34
20 Municipal - National 46.2 1.58 2.52
21 Municipal - Single St 32.1 1.56 2.51
22 Municipal - Single St 292.2 1.55 2.43
23 Municipal - Single St 260.6 1.55 2.62
24 Municipal - Single St 103.6 1.55 2.5
25 Municipal - National 82 1.55 2.57
Ave 154.6 1.63 2.67
Ave 176.2 1.29 2.23
Ave 82.2 1.23 2.11
Non 172.1 1.31 2.26
Sal - 1.52 2.69
part 3 of 3
Latest
Rank Investment O 1 Year* 3 Years* 5 Years* 10 Years*
1 Municipal - 8.22 7.11 - -
2 Municipal - 8.84 7.7 5.74 7.85
3 Municipal - 8.47 7.58 6.43 -
4 Municipal - 9.65 8.49 6.53 -
5 Municipal - 8.68 7.44 6.26 -
6 Municipal - 9.42 8.89 - -
7 Municipal - 10.01 8.89 7.58 -
8 Municipal - 9.08 7.67 6.15 7.3
9 Municipal - 9.55 8.49 - -
10 Municipal - 8.85 7.19 5.82 8.01
11 Municipal - 8.25 7.26 6.16 -
12 Municipal - 8.99 7.99 6.35 -
13 Municipal - 8.61 8.52 7.56 9.53
14 Municipal - 8.48 7.28 5.81 -
15 Municipal - 9.03 8.39 6.95 9.18
16 Municipal - 8.33 7.47 6.31 8.57
17 Municipal - 7.35 7.23 - -
18 Municipal - 8.66 7.71 5.69 8.81
19 Municipal - 8.58 7.33 - -
20 Municipal - 8.48 7.5 5.66 -
21 Municipal - 8.49 7.22 5.64 -
22 Municipal - 8.73 7.83 5.97 -
23 Municipal - 10.21 8.18 - -
24 Municipal - 9.15 7.99 - -
25 Municipal - 7.88 7.23 - -
Ave 8.8 7.78 6.27 8.46
Ave 7.54 6.73 5.44 7.63
Ave 7.32 6.52 5.25 7.26
Non 7.9 7.01 5.54 7.58
Sal 8.64 7.84 6.46 8.3