Filed pursuant to Rule 497(e). Voyageur Tax Free Funds, Inc. (File No. 2-87910
and 811-3910); Voyageur Intermediate Tax Free Funds, Inc. (File No. 2-99266 and
811-4364); Voyageur Insured Funds, Inc. (File No. 33-11235 and 811-4977);
Voyageur Investment Trust (File No. 33-42827 and 811-6411); Voyageur Investment
Trust II (File No. 33-75112 and 811-8350); Voyageur Mutual Funds, Inc.; (File
No. 33-63238 and 811-7742); Voyageur Mutual Funds II, Inc. (File No. 33-11495
and 811-4989)
VOYAGEUR ARIZONA LIMITED TERM TAX FREE FUND
VOYAGEUR ARIZONA INSURED TAX FREE FUND
VOYAGEUR ARIZONA TAX FREE FUND
VOYAGEUR CALIFORNIA LIMITED TERM TAX FREE FUND
VOYAGEUR CALIFORNIA INSURED TAX FREE FUND
VOYAGEUR CALIFORNIA TAX FREE FUND
VOYAGEUR COLORADO LIMITED TERM TAX FREE FUND
VOYAGEUR COLORADO INSURED TAX FREE FUND
VOYAGEUR COLORADO TAX FREE FUND
VOYAGEUR FLORIDA LIMITED TERM TAX FREE FUND
VOYAGEUR FLORIDA INSURED TAX FREE FUND
VOYAGEUR FLORIDA TAX FREE FUND
VOYAGEUR IDAHO TAX FREE FUND
VOYAGEUR IOWA TAX FREE FUND
VOYAGEUR KANSAS TAX FREE FUND
VOYAGEUR MINNESOTA LIMITED TERM TAX FREE FUND
VOYAGEUR MINNESOTA INSURED TAX FREE FUND
VOYAGEUR MINNESOTA TAX FREE FUND
VOYAGEUR MISSOURI INSURED TAX FREE FUND
VOYAGEUR NEW MEXICO TAX FREE FUND
VOYAGEUR NORTH DAKOTA TAX FREE FUND
VOYAGEUR OREGON INSURED TAX FREE FUND
VOYAGEUR UTAH TAX FREE FUND
VOYAGEUR WASHINGTON INSURED TAX FREE FUND
VOYAGEUR WISCONSIN TAX FREE FUND
VOYAGUER NATIONAL LIMITED TERM TAX FREE FUND
VOYAGEUR NATIONAL INSURED TAX FREE FUND
VOYAGEUR NATIONAL TAX FREE FUND
SUPPLEMENT DATED AUGUST 29, 1995 TO PROSPECTUS DATED MARCH 1, 1995
1. Page 1 of the Prospectus is amended to replace the table of fund names
with the following table:
VOYAGEUR ARIZONA LIMITED TERM TAX FREE FUND
VOYAGEUR ARIZONA INSURED TAX FREE FUND(1)
VOYAGEUR ARIZONA TAX FREE FUND
VOYAGEUR CALIFORNIA LIMITED TERM TAX FREE FUND
VOYAGEUR CALIFORNIA INSURED TAX FREE FUND(1)
VOYAGEUR CALIFORNIA TAX FREE FUND
VOYAGEUR COLORADO LIMITED TERM TAX FREE FUND
VOYAGEUR COLORADO INSURED TAX FREE FUND
VOYAGEUR COLORADO TAX FREE FUND(1)
VOYAGEUR FLORIDA LIMITED TERM TAX FREE FUND
VOYAGEUR FLORIDA INSURED TAX FREE FUND
VOYAGEUR FLORIDA TAX FREE FUND
VOYAGEUR IDAHO TAX FREE FUND
VOYAGEUR IOWA TAX FREE FUND
VOYAGEUR KANSAS TAX FREE FUND
VOYAGEUR MINNESOTA LIMITED TERM TAX FREE FUND
VOYAGEUR MINNESOTA INSURED TAX FREE FUND(1)
VOYAGEUR MINNESOTA TAX FREE FUND(1)
VOYAGEUR MISSOURI INSURED TAX FREE FUND
VOYAGEUR NEW MEXICO TAX FREE FUND
VOYAGEUR NORTH DAKOTA TAX FREE FUND
VOYAGEUR OREGON INSURED TAX FREE FUND
VOYAGEUR UTAH TAX FREE FUND
VOYAGEUR WASHINGTON INSURED TAX FREE FUND
VOYAGEUR WISCONSIN TAX FREE FUND
VOYAGUER NATIONAL LIMITED TERM TAX FREE FUND(1)
VOYAGEUR NATIONAL INSURED TAX FREE FUND(1)
VOYAGEUR NATIONAL TAX FREE FUND(1)
1 Diversified series
2. The first sentence under the caption "Reverse Repurchase Agreements" on
Page 14 of the Prospectus and the first sentence under the caption "Futures
Contracts and Options on Futures Contracts" on page 16 of the Prospectus are
each hereby amended to add the Voyageur Florida Limited Term Tax Free Fund to
the list of funds which may engage in reverse repurchase agreements and futures
contracts and options on futures contracts, respectively.
3. The second sentence under the caption "Concentration Policy" on page 16
of the Prospectus is amended to read "In addition, Arizona Limited Term Tax Free
Fund, Arizona Tax Free Fund, California Limited Term Tax Free Fund, California
Tax Free Fund, Colorado Limited Term Tax Free Fund, Colorado Insured Tax Free
Fund, Florida Limited Term Tax Free Fund, Florida Tax Free Fund, Idaho Tax Free
Fund, National Limited Term Tax Free Fund and National Tax Free Fund may invest
in such circumstances in transportation, education and/or industrial
obligations.
4. The fourth sentence under the caption "State Considerations" on page 18
of the Prospectus is deleted in its entirety.
5. The second sentence under the heading "Investment Adviser; Portfolio
Management" on page 28 of the Prospectus is amended to read "Voyageur and the
Underwriter are each indirect wholly-owned subsidiaries of Dougherty Financial
Group, Inc. ("DFG"), which is owned approximately 49% by Michael E. Dougherty,
49% by Pohlad Companies and less than 1% by certain retirement plans for the
benefit of DFG employees."
6. The fourth sentence in the second paragraph under the heading "Exchange
Privilege" on pp. 27-28 of the Prospectus is hereby amended to read "There is no
specific limitation on exchange frequency; however, the Funds are intended for
long term investment and not as a trading vehicle. The Adviser reserves the
right to prohibit excessive exchanges (more than four per quarter).
Filed pursuant to Rule 497(e). Voyageur Tax Free Funds, Inc. (File No. 2-87910
and 811-3910); Voyageur Intermediate Tax Free Funds, Inc.(File No. 2-99266 and
811-4364); Voyageur Insured Funds, Inc. (File No. 33-11235 and 811-4977);
Voyageur Investment Trust (File No. 33-42827 and 811-6411); Voyageur Investment
Trust II (File No. 33-75112 and 811-8350); Voyageur Mutual Funds, Inc.; (File
No. 33-63238 and 811-7742); Voyageur Mutual Funds II, Inc. (File No. 33-11495
and 811-4989)
VOYAGEUR ARIZONA LIMITED TERM TAX FREE FUNDS
VOYAGEUR ARIZONA INSURED TAX FREE FUND
VOYAGEUR ARIZONA TAX FREE FUND
VOYAGEUR CALIFORNIA LIMITED TERM TAX FREE FUND
VOYAGEUR CALIFORNIA INSURED TAX FREE FUND
VOYAGEUR CALIFORNIA TAX FREE FUND
VOYAGEUR COLORADO LIMITED TERM TAX FREE FUND
VOYAGEUR COLORADO INSURED TAX FREE FUND
VOYAGEUR COLORADO TAX FREE FUND
VOYAGEUR FLORIDA LIMITED TERM TAX FREE FUND
VOYAGEUR FLORIDA INSURED TAX FREE FUND
VOYAGEUR FLORIDA TAX FREE FUND
VOYAGEUR IDAHO TAX FREE FUND
VOYAGEUR IOWA TAX FREE FUND
VOYAGEUR KANSAS TAX FREE FUND
VOYAGEUR MINNESOTA LIMITED TERM TAX FREE FUND
VOYAGEUR MINNESOTA INSURED TAX FREE FUND
VOYAGEUR MINNESOTA TAX FREE FUND
VOYAGEUR MISSOURI INSURED TAX FREE FUND
VOYAGEUR NEW MEXICO TAX FREE FUND
VOYAGEUR NORTH DAKOTA TAX FREE FUND
VOYAGEUR OREGON INSURED TAX FREE FUND
VOYAGEUR UTAH TAX FREE FUND
VOYAGEUR WASHINGTON INSURED TAX FREE FUND
VOYAGEUR WISCONSIN TAX FREE FUND
VOYAGUER NATIONAL LIMITED TERM TAX FREE FUND
VOYAGEUR NATIONAL INSURED TAX FREE FUND
VOYAGEUR NATIONAL TAX FREE FUND
SUPPLEMENT DATED AUGUST 29, 1995 TO
STATEMENT OF ADDITIONAL INFORMATION DATED MARCH 1, 1995
The following new paragraph is added to the end of the section captioned
"Factors Affecting Minnesota Funds" on Page B-30 of the Statement of Additional
Information:
The 1995 Minnesota Legislature has enacted a statement of intent that
interest on obligations of Minnesota governmental units and Indian tribes
be included in net income of individuals, estates and trusts for Minnesota
income tax purposes if a court determines that Minnesota's exemption of
such interest unlawfully discriminates against interstate commerce because
interest on obligations of governmental issuers located in other states is
so included. This provision applies to taxable years that begin during or
after the calendar year in which any such court decision becomes final,
irrespective of the date on which the obligations were issued. The Fund is
not aware of any decision in which a court has held that a state's
exemption of interest on its own bonds or those of its political
subdivisions or Indian tribes, but not of interest on the bonds of other
states or their political subdivisions or Indian tribes, unlawfully
discriminates against interstate commerce or otherwise contravenes the
United States Constitution. Nevertheless, the Fund cannot predict the
likelihood that interest on the Minnesota bonds held by the Fund would
become taxable under this Minnesota statutory provision.
