Principal Tax-Exempt Cash Management Fund
Verbal General Question and/or Voting Script
Shareholder Meeting - April 7, 1999
For use with incoming calls from shareholders who have questions, or would like
to vote via telephone call.
Based on information from the caller, identify and verify the account on the PAR
system. Ask the shareholder if he/she has more than one (1) account in the
Principal Tax-Exempt Cash Management Fund (also check SHR6 and SHR1 for customer
to verify). If so, and the shareholder decides to vote via telephone, a separate
voting instruction form must be completed for each account.
Are you familiar with the proposals? Do you have any questions?
Take time to answer all questions carefully. Do not give advice. Many
questions can be addressed by referring to the proxy statement and
reading the appropriate sections. See note below about detailed
questions beyond your expertise.
If it's convenient, with your permission, I can prepare your written proxy and
forward it to the fund for you over the telephone right now. Will this be
alright?
Allow the person to give you a response. If the person says he/she has
already sent in the proxy, do not ask how he/she voted.
Here's how we'll proceed. This call will be recorded. I'll ask you for your
name, confirmation of receipt of the materials, your address and the last 4
digits of your social security number. I'll then take your vote. Within 72
hours, we'll mail you a letter confirming your vote, which will tell you how to
make any changes if you wish. Are you ready?
Depending on answer, proceed to take the vote or answer further
questions.
Detailed questions beyond your knowledge or expertise should be
referred to Brett Agnew (x89155), Jean Schustek (x56086), Ernie Gillum
(x67372) or Art Filean (x75476).
<PAGE>
First, I'll reintroduce myself. My name is , with Principal Mutual Funds in Des
Moines. Today's date ____________________ and the time is ________________ .
May I please have your name? __________________________
Have you received the proxy materials? ______________
May I please have your address? _______________________________________________
And finally, the last 4 digits of your social security number? ____________
Verify these on the account screen. You may not proceed without this
information. If the shareholder refuses to give this information,
explain that it is for security purposes only, to assure that only the
proper person can vote his shares. However, if the shareholder
continues to resist, you have no choice but to politely end the call.
Now we'll proceed to the actual voting.
Your Board of Directors has made a proposal which they have studied carefully.
They recommend that you vote in favor. Let me read the proposal (then read the
proposal as written). Would you like to vote in favor of the proposal as
recommended by your Board?
Record the vote on the voting sheet. For the proposal, the valid
responses are:
F = For proposal.
A = Against proposal.
B = Abstain
Closing
I have recorded your vote. You have voted ________________ (for, against,
abstain). Is that correct?
In the next 72 hours, we will mail you a letter confirming your vote. If you
wish to change your vote for any reason, please call us at the phone number
listed in the letter. Thank you for your time.
Record the shareholder's name, account number and number of shares on
your log. Finish the phone call. Record their vote on the log sheet.
Give all log sheets to Julie Thorson daily. She will forward all to
Brett Agnew, Princor- Products, N-004-E20 at the end of each day.
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Principal Tax-Exempt Cash Management Fund
Telephone Voting Instruction Form
Account No.: ----------------------------
Number of Shares: *
-----------
*Caution: Shares on screen may vary from record date shares.
Retrieve from RBLI screen.
Shareholder: ---------------------------
(Name)
(If Joint Account)
---------------------------
(Name)
Telephone call from: ------------------------------
----- a.m.
Date and time of call: ---------------------,1999 ----- p.m.
Did you follow the script? ------ Yes ----- No
Did you read the proposal to the shareholder? ----- Yes ----- No
VOTE: ------ Yes ------ No ------ Abstain
Did you tell Shareholder a confirmation of the vote will be
mailed to their address of record? ----- Yes ----- No
Other Comments:
Signature of person taking call: ------------------------------------
