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<PAGE> PAGE 12
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<PAGE> PAGE 16
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
070 L020500 N
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 34
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SIGNATURE MARYKATHLEEN FOYNES
TITLE COUNSEL
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<NAME> Interstate Tax-Exempt Fund
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<TABLE> <S> <C>
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<NUMBER> 2
<NAME> Connecticut Tax-Exempt Fund
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</TABLE>
<TABLE> <S> <C>
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<SERIES>
<NUMBER> 3
<NAME> Massachusetts Tax-Exempt Fund
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</TABLE>
<TABLE> <S> <C>
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<SERIES>
<NUMBER> 4
<NAME> New Jersey Tax-Exempt Fund
<S> <C>
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<TABLE> <S> <C>
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<SERIES>
<NUMBER> 5
<NAME> California Tax-Exempt Fund
<S> <C>
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> Florida Tax-Exempt Fund
<S> <C>
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> Pennsylvania Tax-Exempt Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 8
<NAME> Ohio Tax-Exempt Fund
<S> <C>
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