Telephone Redemption and Exchange Authorization



IDENTIFICATION:
Check One: ___ Alabama Tax-Free Income Series
  ___ Intermediate Government Bond Series
  ___ Kentucky Tax-Free Income Series
  ___ Kentucky Tax-Free Short-to-Medium Series
  ___ Mississippi Tax-Free Income Series
  ___ North Carolina Tax-Free Income Series
  ___ North Carolina Tax-Free Short-to-Medium Series
  ___ Tennessee Tax-Free Income Series
  ___ Tennessee Tax-Free Short-to-Medium Series
   
Account Number ____________________
   
Account Name ____________________________________________________________
  ____________________________________________________________




INSTRUCTIONS:
Redemption proceeds can be paid out in one of three ways. Check one of the following:

___ A.) Make check payable as account is registered and mail to address of record.

___ B.) Make check payable to party below and send to address as follows:
               Name_____________________________________________________________
               Address:___________________________________________________________
               City:______________________________________State______Zip____________

___ C.) ACH/Wire proceeds of redemption to my bank account. (Attach voided check; please, no deposit slips.)


SIGNATURES AND CERTIFICATION:

By signing this application, I hereby affirm that I have received a current fund Prospectus and agree that my account will be subject to the telephone redemption privileges described therein. I authorize Dupree Mutual Funds and its affiliates to honor any telephone redemption or exchange requests believed by the transfer agent to be genuine. I agree that the Fund, its affiliates and Transfer Agent will not be liable any for loss in acting upon telephone instructions reasonably believed by them to be authentic.

________________________________________          ____________________
Signature                                                                            Date

________________________________________          ____________________
Signature                                                                            Date

ALL owners must sign. When signing as attorney, trustee, executor, administrator, custodian, guardian or corporate officer, please give full title.