FUND STATISTICS

as of February 29, 2008

ALABAMA TAX-FREE INCOME SERIES

Portfolio Composition:	*100% Alabama Municipal Bonds*

Inception Date:	January 1, 2000
Total Net Assets:	$12,160,078.59
Dividends:	Accrued - Daily
	Distributed - Quarterly

Quality Composition:	Short-Term	0.00%
	Aaa/AAA	80.21%
	Aa/AA	15.10%
	A	0.84%
	Baa/BBB	0.86%
	Non-Rated*	2.99%

* We buy non-rated bonds only if, in our opinion, they are of investment grade quality.

We do not buy bonds that are subject to the Alternative Minimum Tax.

(Portfolio listings are available upon request.)