+++

Municipal bond mutual funds, with assets of $25 million or more, ranked by the total return in the second quarter

(Dollar amounts in millions) part 1 of 2 Rank Fund Name Bank

1 Nations Sh-Term Muni Inc Inv ABank of America Corp.

2 Dreyfus Sh-Interm Tax Exempt Mellon Bank Corp.

3 Excelsior Sh Term Tax Ex Secs U.S. Trust Corp.

4 Evergreen Sh-Intermed Muni Y First Union Corp.

5 59 Wall Street T/F Sh-Int Fix/Brown Brothers Harriman & Co.

6 Evergreen FL High Income Muni First Union Corp.

7 Evergreen FL High Income Muni First Union Corp.

8 Kent Fds-MI Muni Ltd Mat Inst Old Kent Financial Corp.

9 One Group-Muni Income I Banc One Corp.

10 One Group-Muni Income A Banc One Corp.

11 Firstar Tax-Exempt Inter Bd ReFirstar Corp.

12 Evergreen FL High Income Muni First Union Corp.

13 Firstar Tax-Exempt Inter Bd InFirstar Corp.

14 One Group-Muni Income B Banc One Corp.

15 Norwest Advantage-Ltd Term T/FNorwest Corp.

16 Mercantile-Short Interm Muni TMercantile Bancorp.

17 Pacific Capital T/F Sh-Interm Pacific Century Financial Corp.

18 Nations MD Interm Muni Pr A Bank of America Corp.

19 Munder Tax-Free Short Int BondComerica Inc.

20 Nations FL Interm Muni Pr A Bank of America Corp.

21 WesMark West Virginia Muni BonWesBanco Inc.

22 Dreyfus Premier FL Muni A Mellon Bank Corp.

23 Norwest Advantage-MN Interm TFNorwest Corp.

24 Nations SC Intermed Muni Pr A Bank of America Corp.

25 Arbor Golden Oak MI Tax-Free ICitizens Banking Corp.

Average for the top 25 funds with $25 million or more in assets

Average for all 225 funds with $25 million or more in assets

Average for all 469 bank proprietary municipal funds

Nonbank Muni Fund Averages

Lehman Bros Muni part 2 of 3

TOTAL RETURNS THROUGH 6/30/99 (%)

Fund Assets Second Year Latest Latest Rank FInvestment Objective 3/31/99 Qtr. to Date 1 Year*3 Years*

1 Municipal - National $35.72 0.18 1.14 3.65 4.36

2 Municipal - National 303.11 0.17 0.96 3.39 4.39

3 Municipal - National 42.9 -0.27 0.58 3.27 4.13

4 Municipal - National 157.78 -0.38 0.3 3.25 4.3

5 Municipal - National 95.77 -0.61 -0.07 2.6 3.75

6 Municipal - Single Stat 42.87 -0.74 0.03 3.1 7.55

7 Municipal - Single Stat 298.24 -0.8 -0.09 2.84 7.28

8 Municipal - Single Stat 115.16 -0.87 -0.07 2.8 4.34

9 Municipal - National 722.88 -0.88 -0.16 3.06 6.19

10 Municipal - National 180.39 -0.94 -0.28 2.8 5.93

11 Municipal - National 34.77 -0.97 -0.23 2.77 4.5

12 Municipal - Single Stat 123.11 -0.99 -0.46 2.07 6.48

13 Municipal - National 66.56 -1 -0.2 2.93 4.75

14 Municipal - National 88.73 -1.1 -0.7 2.14 5.22

15 Municipal - National 90.62 -1.15 -0.51 2.47

16 Municipal - National 40.66 -1.15 -0.36 2.52 4.05

17 Municipal - National 51.66 -1.2 -0.63 2.48 3.95

18 Municipal - Single Stat 183.41 -1.33 -0.81 2.57 5.03

19 Municipal - National 282.26 -1.33 -0.7 2.27 4.24

20 Municipal - Single Stat 234.02 -1.36 -0.8 2.29 5.26

21 Municipal - National 67.72 -1.39 -0.83 1.66

22 Municipal - Single Stat 149.8 -1.4 -1.13 1.36 4.67

23 Municipal - Single Stat 220.86 -1.4 -0.82 2.38

24 Municipal - Single Stat 239.16 -1.41 -0.79 2.4 5.27

25 Municipal - National 90.41 -1.43 -0.78 2.35

A $158.34 -0.95 0.3 2.62 5.03 5.18

A 193.32 -1.92 -1.4 1.86 5.53 5.89

A 96.83 -1.99 -1.53 1.62 5.29 5.72

Nonbank Muni Fund Averag 190.63 -1.97 -1.44 1.49 5.6

Lehman Bros Muni -0.37 0.51 4.28 7.04 7.32 part 3 of 3

Latest Latest Rank F5 Years*10 Years*

1 4.56

2 4.39 5.3

3 4.18

4 4.14

5 4.08

6

7 7.6

8 4.45

9 6.11

10 5.88

11 4.87

12 6.92

13 5.09

14 5.18

15

16

17 3.97 4.75

18 5.46

19 4.67 5.44

20 5.71

21

22 5.44 6.84

23

24 5.72

25

A 5.58

A 6.57

A 6.28

N 6 6.57

L 7.59 ===

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