~ $ ~ *********************************** Minh Nguyen ***********************************
Dupree TN TaxFree Incom (TNTIX)

Type: Muni Single State Long

Main sectors: Top 3 Credit Wtgs %

AAA; 37.8 %

A: 27.9 %

AA: 25.1 %

Background: Dupree Tennessee Tax-Free Income Series seeks income exempt from both federal and Tennessee state income taxes without undue risk to principal. The fund normally invests at least 80% of assets in investment-grade Tennessee municipal obligations. It may invest the balance of assets in un-rated but comparable quality obligations. The fund intends to purchase long-term bonds usually averaging 10 years or more. The fund may invest up to 50% of assets in taxable obligation s for defensive purposes.

Largest Investments:
TN Shelby Hlth/Educ/Hsg Fac l3rd 5.9%- 9.18%
TN Shelby Hlth/Educ/Hsg Fac l3rd 5.35%- 4.65%
TN Nashville/Davidson Metro Govt 5.5%- 4.08%

Initial minimum investment: $100

Historic performance:

Five-year return: 6.35%
Three-year return: 4.96%
One-year return: 10.16%
Year-to-date: 1.97%

(Since 1-26-01):
Current Value: $20.036.97
Overall Gain: $36.97
Gain: 0.18%
Current Price: $10.84

Comments: Wow, of all four funds, this municipal bond is the only thing that brings me gains instead of lost. The municipal bond seems to do things completely different from the stocks. Kind of weird, but at least it put money into my pocket.

Sales Charge %:
Front: None
Deferred: None

Expense Ratios: 0.54%

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