FREEDOM CALIFORNIA TAX EXEMPT MONEY FUND
SEMI ANNUAL REPORT
June 30, 1999
The following information contains corrected financial data which replaces that
which appears on page 9 of the Semi Annual Report dated June 30, 1999.
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------
FREEDOM CALIFORNIA TAX EXEMPT MONEY FUND
STATEMENTS OF CHANGES IN NET ASSETS
SIX MONTHS
ENDED YEAR ENDED
JUNE 30, 1999* DECEMBER 31, 1998
-------------- -----------------
<S> <C> <C>
INCREASE (DECREASE) IN NET
ASSETS FROM OPERATIONS:
Net investment income ..................................... $ 1,459,383 $ 3,099,166
----------- -----------
Net increase in net assets resulting from operations ...... 1,459,383 3,099,166
----------- -----------
DIVIDENDS TO SHAREHOLDERS .................................... (1,459,383) (3,099,166)
----------- -----------
-- --
----------- -----------
- ---------------
*Unaudited
</TABLE>