A.T. Ohio Municipal Money Fund
(formerly, A.T. Ohio Tax-Free Money Fund)
Portfolio of Investments
February 28, 1994
(unaudited)
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Credit
Rating:
Principal Moody's/
Amount Issue S&P\\ Value
<C> <S> <C> <C>
- -------------- ------------------------------------------------------------------ ------------ ---------------
Short-Term Municipal Securities--100.2%
- ----------------------------------------------------------------------------------
$ 5,895,000 Akron, OH, 2.77%, LT GO BANs, 7/8/94 A** $ 5,882,386
------------------------------------------------------------------
2,000,000 Akron, OH, 2.80%, Sanitation Sewer System LT GO BANs, 6/15/94 A** 2,001,724
------------------------------------------------------------------
2,320,000 Allen County, OH, 2.95%, LT GO BANs, 4/28/94 A** 2,320,899
------------------------------------------------------------------
2,100,000 Bedford Heights, OH, IDA Weekly VRDOs (Series 1989)/ (Olympic
Steel, Inc.)/(National City Bank, Cleveland LOC)/(Subject to AMT) P-1* 2,100,000
------------------------------------------------------------------
900,000 Berea, OH, 3.10%, LT GO BANs, 10/26/94 Aa** 901,141
------------------------------------------------------------------
1,375,000 Blue Ash, OH, IDR Monthly VRDOs (United Air Specialists,
Inc.)/(Society National Bank, Cleveland LOC) P-1* 1,375,000
------------------------------------------------------------------
1,500,000 Brecksville, OH, 2.50%, LT GO BANs, 5/26/94 Aa** 1,500,000
------------------------------------------------------------------
445,000 Brooklyn Heights, OH, IDR Weekly VRDOs (Bank One, Cleveland, LOC) P-1* 445,000
------------------------------------------------------------------
2,000,000 Cincinnati & Hamilton Counties, OH, Port Authority EDR, 2.95%,
(Bank One, Columbus, LOC), 8/1/94 P-1* 2,000,000
------------------------------------------------------------------
990,000 Clark County, OH, Hospital Improvement Revenue Monthly VRDOs
(Community Hospital)/(Huntington National Bank, Columbus LOC) P-1* 990,000
------------------------------------------------------------------
500,000 Clermont County, OH, Weekly VRDOs (Mercy Health Care
System)/(Series B)/(MBIA Insured) VMIG1 500,000
------------------------------------------------------------------
2,000,000 Cleveland, OH, Public Power System, 3.50% BANs,
8/1/94 VMIG1 2,003,429
------------------------------------------------------------------
4,900,000 Cleveland-Cuyahoga County, OH, Weekly VRDOs (Rock 'N Roll Hall of
Fame)/(Credit Local DeFrance LOC) A-1+ 4,900,000
------------------------------------------------------------------
</TABLE>
A.T. Ohio Municipal Money Fund
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Credit
Rating:
Principal Moody's/
Amount Issue S&P\\ Value
<C> <S> <C> <C>
- -------------- ------------------------------------------------------------------ ------------ ---------------
Short-Term Municipal Securities--continued
- ----------------------------------------------------------------------------------
$ 1,200,000 Clinton County, OH, Airport Facilities Weekly VRDOs (Union Bank of
Switzerland, Zurich LOC) AAA $ 1,200,000
------------------------------------------------------------------
3,200,000 Columbus, OH, Electric System Revenue Weekly VRDOs (Dai-Ichi
Kangyo Bank, Ltd., Tokyo LOC) P-1* 3,200,000
------------------------------------------------------------------
2,900,000 Columbus, OH, Sewer System Weekly VRDOs (Sanwa Bank Ltd., Osaka
LOC) VMIG1 2,900,000
------------------------------------------------------------------
4,650,000 Cuyahoga County, OH, IDA Weekly VRDOs (Edgecomb Metals
Co.)/(Banque Nationale de Paris LOC) P-1* 4,650,000
------------------------------------------------------------------
505,000 Cuyahoga County, OH, 6 MOX VRDOs (Crestmont)/ (Bank One,
Cleveland, N.A. LOC)/(Subject to AMT) Optional Tender 4/15/94 A-1+ 505,000
------------------------------------------------------------------
1,375,000 Cuyahoga County, OH, IDR 6 MOX VRDOs (Halle Office )/(Wells Fargo
Bank N.A., San Francisco, LOC) MIG1 1,375,000
------------------------------------------------------------------
200,000 Cuyahoga County, OH, Hospital Authority Weekly VRDOs (St. Luke's
Hospital)/(First National Bank, Chicago LOC) VMIG1 200,000
------------------------------------------------------------------
700,000 Cuyahoga County, OH, IDA Weekly VRDOs (Allen Group Inc.)/(Dresdner
Bank, A.G. LOC) VMIG1 700,000
------------------------------------------------------------------
1,980,000 Cuyahoga County, OH, IDR Weekly VRDOs (Playhouse Square
Foundation)/(Wells Fargo Bank N.A., San Francisco LOC) VMIG1 1,980,000
------------------------------------------------------------------
1,700,000 Cuyahoga County, OH, Daily VRDOs (University Hospital of
Cleveland)/(Dai-Ichi Kangyo Bank, Ltd. LOC) VMIG1 1,700,000
------------------------------------------------------------------
430,000 Cuyahoga County, OH, IDA Weekly VRDOs (Interstate Diesel Service,
Inc.)/(Huntington National Bank, Columbus LOC) P-1* 430,000
------------------------------------------------------------------
350,000 Cuyahoga County, OH, IDR Weekly VRDOs (Premier Manufacturing
Corp.)/(First National Bank, Louisville LOC)/(Subject to AMT) P-1* 350,000
------------------------------------------------------------------
5,000,000 Cuyahoga Falls, OH, 2.82%, LT GO BANs, 1/18/95 A1** 5,009,469
------------------------------------------------------------------
</TABLE>
A.T. Ohio Municipal Money Fund
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Credit
Rating:
Principal Moody's/
Amount Issue S&P\\ Value
<C> <S> <C> <C>
- -------------- ------------------------------------------------------------------ ------------ ---------------
Short-Term Municipal Securities--continued
- ----------------------------------------------------------------------------------
$ 1,480,000 Defiance County, OH, IDB, Weekly VRDOs (Dietrich Industries,
Inc.)/(PNC Bank, Pittsburgh LOC)/(Subject to AMT) P-1* $ 1,480,000
------------------------------------------------------------------
300,000 Delaware, OH, Weekly VRDOs (Fishers Big Wheel)/ (Bayerische
Vereinsbank LOC) P-1 300,000
------------------------------------------------------------------
800,000 Delaware County, OH, IDR Monthly VRDOs (Radiation Sterilizers,
Inc.)/(Wells Fargo Bank N.A., San Francisco LOC) A-1+ 800,000
------------------------------------------------------------------
1,200,000 Euclid, OH, IDR 6 MOX VRDOs (Euclid Corridor Industrial
Mall)/(Bank One, Cleveland, N.A., LOC) P-1* 1,200,000
------------------------------------------------------------------
500,000 Euclid, OH, 2.76%, LT GO BANs, 5/6/94 Aa** 500,140
------------------------------------------------------------------
2,445,000 Franklin County, OH, IDR, 6 MOX VRDOs (C.M. Media, Inc.)/(Society
National Bank, Cleveland LOC)/(Subject to AMT) P-1* 2,445,000
------------------------------------------------------------------
6,500,000 Franklin County, OH, IDR Monthly VRDOs (Jacobson Stores)/(Bank
One, N.A., Columbus LOC) P-1* 6,500,000
------------------------------------------------------------------
3,100,000 Franklin County, OH, IDR Monthly VRDOs (Capital South Community
Urban Redevelopment Corporation)/ (Huntington National Bank,
Columbus LOC) P-1* 3,100,000
------------------------------------------------------------------
6,000,000 Franklin County, OH, Weekly VRDOs (Series B)/ (Childrens Hospital) VMIG1 6,000,000
------------------------------------------------------------------
4,400,000 Franklin County, OH, Health System VRDOs (Wesley Glen)/(Fifth
Third Bank, Cincinnati, LOC) VMIG1 4,400,000
------------------------------------------------------------------
3,000,000 Hamilton County, OH, Weekly VRDOs (Berman Printing)/(Fifth Third
Bank, LOC)/(Subject to AMT) P-1* 3,000,000
------------------------------------------------------------------
1,000,000 Hamilton County, OH, Weekly VRDOs (Automated Data Processing
Company)/(National Westminster Bank, PLC, London LOC) P-1* 1,000,000
------------------------------------------------------------------
1,200,000 Hancock County, OH, EDR 6 MOX VRDOs (Cross Country
Inns--Finley)/(Bank One, Columbus, LOC)/ (Subject to AMT) P-1* 1,200,000
------------------------------------------------------------------
</TABLE>
A.T. Ohio Municipal Money Fund
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Credit
Rating:
Principal Moody's/
Amount Issue S&P\\ Value
<C> <S> <C> <C>
- -------------- ------------------------------------------------------------------ ------------ ---------------
Short-Term Municipal Securities--continued
- ----------------------------------------------------------------------------------
$ 4,100,000 Holmes County, OH, 3.00%, LT GO BANs, 8/9/94 *** $ 4,107,173
------------------------------------------------------------------
1,485,000 Huber Heights, OH, 2.56%, LT GO BANs, 4/20/94 A** 1,485,118
------------------------------------------------------------------
2,390,000 Independence, OH, IDR Weekly VRDOs, (O.T. Ltd.
Partnership)/(Huntington National Bank, Columbus LOC) P-1* 2,390,000
------------------------------------------------------------------
1,140,000 Lorain County, OH, Weekly VRDOs (Humility of Mary Health Care
Corp.)/(PNC Bank, Pittsburgh LOC) P-1* 1,140,000
------------------------------------------------------------------
1,755,000 Lorain County, OH, EDR 6 MOX VRDOs (Crestmont)/ (Bank One,
Cleveland, N.A. LOC)/(Subject to AMT) A-1+ 1,755,000
------------------------------------------------------------------
6,000,000 Lucas County, OH, Weekly VRDOs (Ohio Citizens Bank, National City
Bank, Cleveland LOC) P-1* 6,000,000
------------------------------------------------------------------
730,000 Lucas County, OH, Weekly VRDOs (Sunshine Children's
Home)/(National City Bank, Cleveland LOC) P-1* 730,000
------------------------------------------------------------------
1,010,000 Lucas County, OH, EDR 6 MOX VRDOs (Cross Country Inns,
Inc.--Finley)(Bank One, Columbus LOC)/(Subject to AMT) P-1* 1,010,000
------------------------------------------------------------------
4,700,000 Mahoning County, OH, Health Care Facility Weekly VRDOs (Claridge
Corp.)/(Marine Bank, Erie, PA, PNC LOC) P-1* 4,700,000
------------------------------------------------------------------
440,000 Mahoning County, OH, IDA Weekly VRDOs (Tru-Cut Die Corp.)/(Central
Trust Company, N.A., Cincinnati, PNC LOC) P-1* 440,000
------------------------------------------------------------------
2,310,000 Mahoning County, OH, Copeland Oak, Weekly VRDOs (Bank One Akron
LOC) P-1* 2,310,000
------------------------------------------------------------------
3,755,000 Marion County, OH, Hospital Revenue Bonds, Monthly VRDOs (Pooled
Lease Program)/(Bank One, Columbus, N.A. LOC) A-1+ 3,755,000
------------------------------------------------------------------
1,900,000 Marion County, OH, Hospital Revenue Bonds Monthly VRDOs (Pooled
Lease Program)/(Bank One, Columbus, N.A. LOC) A-1+ 1,900,000
------------------------------------------------------------------
</TABLE>
A.T. Ohio Municipal Money Fund
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<TABLE>
<CAPTION>
Credit
Rating:
Principal Moody's/
Amount Issue S&P\\ Value
<C> <S> <C> <C>
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Short-Term Municipal Securities--continued
- ----------------------------------------------------------------------------------
$ 750,000 Marion County, OH, Hospital Revenue Bonds Weekly VRDOs (Pooled
Lease Program)/(Bank One, Columbus, N.A. LOC) VMIG1 $ 750,000
------------------------------------------------------------------
455,000 Marion County, OH, Hospital Revenue Bonds Weekly VRDOs (Pooled
Lease Program)/(Bank One, Columbus, N.A. LOC) VMIG1 455,000
------------------------------------------------------------------
532,000 Marion County, OH, Hospital Revenue Bonds Weekly VRDOs (Pooled
Lease Program)/(Bank One, Columbus, N.A. LOC) VMIG1 532,000
------------------------------------------------------------------
1,660,000 Marion County, OH, Hospital Revenue Bonds Weekly VRDOs (Pooled
Lease Program)/(Bank One, Columbus, N.A. LOC) VMIG1 1,660,000
------------------------------------------------------------------
990,000 Marion County, OH, 3.15%, LT GO BANs, 5/19/94 A1** 990,630
------------------------------------------------------------------
1,000,000 Mason, OH, Sewer System Revenue Bond, 3.13%,
4/14/94 *** 1,000,269
------------------------------------------------------------------
975,000 Medina County, OH, 2.62%, BANs 2/2/95 A1** 975,616
------------------------------------------------------------------
800,000 Meigs County, OH, Weekly VRDOs (Fishers Big Wheel)/ (Bayerische
Vereinsbank AG, Munich LOC) P-1* 800,000
------------------------------------------------------------------
1,000,000 Mentor, OH, Exmp Vlg School District, 2.72%, UT GO BANs, 6/15/94 *** 1,000,200
------------------------------------------------------------------
1,090,000 Montgomery County, OH, Health System Revenue Bonds Weekly VRDOs
(Greater Dayton Area MRI Consortium, Inc.)/(Society National Bank,
Cleveland LOC) P-1* 1,090,000
------------------------------------------------------------------
2,645,000 Montgomery County, OH, IDA Weekly VRDOs (Bethesda Two Limited
Partnership)/(Huntington National Bank, Columbus LOC) P-1* 2,645,000
------------------------------------------------------------------
1,085,000 Montgomery County, OH, EDR 6 MOX VRDOs (Waynetown
Associate)/(Fifth Third Bank, Cincinnati LOC) P-1* 1,085,000
------------------------------------------------------------------
1,500,000 Mount Vernon, OH, City School District, 2.50%, BANs, 6/1/94 *** 1,500,000
------------------------------------------------------------------
</TABLE>
A.T. Ohio Municipal Money Fund
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<TABLE>
<CAPTION>
Credit
Rating:
Principal Moody's/
Amount Issue S&P\\ Value
<C> <S> <C> <C>
- -------------- ------------------------------------------------------------------ ------------ ---------------
Short-Term Municipal Securities--continued
- ----------------------------------------------------------------------------------
$ 2,235,000 Muskingum County, OH, Hospital Facilities Weekly VRDOs (Good
Samaritan Center)/(Huntington National Bank, Columbus, LOC) P-1* $ 2,235,000
------------------------------------------------------------------
1,500,000 Muskingum County, OH, IDR Weekly VRDOs (Elder-Berman Stores
Corp.)/(Mitsubishi Bank, Ltd., Tokyo LOC) VMIG1 1,500,000
------------------------------------------------------------------
900,000 North Olmsted, OH, 3.05%, City School District,
6/15/94 *** 900,763
------------------------------------------------------------------
20,580,000 Ohio State HFA, SFM, GNMA, Weekly VRDOs
(Bayerische Landesbank, Girozentrale LOC) SP-1+ 20,580,000
------------------------------------------------------------------
6,300,000 Ohio State HFA, SFM, GNMA, Weekly VRDOs
(Bayerische Vereinsbank, AG, Munich LOC) SP-1+ 6,300,000
------------------------------------------------------------------
4,200,000 Ohio State HFA, Weekly VRDOs (Kenwood Congregate Assoc. Limited
Partnership)/(Morgan Guaranty Trust, Co., New York LOC) VMIG1 4,200,000
------------------------------------------------------------------
1,100,000 Ohio State Air Pollution Control Weekly VRDOs (PPG
Industries)/(Algemene Bank Nederland, Amsterdam LOC) P-1* 1,100,000
------------------------------------------------------------------
2,000,000 Ohio State Air Quality Development Authority, 2.25%, CP
(Cincinnati Gas & Electric)/(Toronto Dominion LOC) 4/4/94 A1+ 2,000,000
------------------------------------------------------------------
2,800,000 Ohio State Air Quality Development Authority, Weekly VRDOs (PPG
Industries)/(Algemene Bank Nederland, Amsterdam LOC) P-1* 2,800,000
------------------------------------------------------------------
9,000,000 Ohio State Air Quality Development Authority, 2.75%-2.80%, CP
(Duquesne Light Co.)/(Toronto Dominion LOC) 6/1/94 A1+ 9,000,000
------------------------------------------------------------------
1,400,000 Ohio State Air Quality Development Authority, Weekly VRDOs
(Societe Generale LOC) A1+ 1,400,000
------------------------------------------------------------------
</TABLE>
A.T. Ohio Municipal Money Fund
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<TABLE>
<CAPTION>
Credit
Rating:
Principal Moody's/
Amount Issue S&P\\ Value
<C> <S> <C> <C>
- -------------- ------------------------------------------------------------------ ------------ ---------------
Short-Term Municipal Securities--continued
- ----------------------------------------------------------------------------------
$ 1,000,000 Ohio State EDA Weekly VRDOs (Court Street Center
Associates)/(Citizens Fidelity Bank, Louisville, PNC LOC) MIG1 $ 1,000,000
------------------------------------------------------------------
1,000,000 Ohio State EIR Weekly VRDOs (USX Corp.)/(PNC Bank, Pittsburgh LOC) MIG1 1,000,000
------------------------------------------------------------------
1,700,000 Ohio State Higher Education Facilities Weekly VRDOs (Kenyon
College) VMIG1 1,700,000
------------------------------------------------------------------
3,600,000 Ohio State IDR Weekly VRDOs (Owens-Illinois, Inc.,
Cincinnati)/(Bankers Trust Co., New York LOC) P-1* 3,600,000
------------------------------------------------------------------
1,150,000 Ohio State IDR Weekly VRDOs (Series 1A)/(Composting
Co.)/(BancOhio, Columbus, LOC)/(Subject to AMT) P-1* 1,150,000
------------------------------------------------------------------
2,690,000 Ohio State IDR Weekly VRDOs (Kaufman Bakery, Inc.)/ (Bank One,
Columbus, N.A. LOC)/(Subject to AMT) VMIG1 2,690,000
------------------------------------------------------------------
3,550,000 Ohio State University General Receipts Weekly VRDOs (Series B) VMIG1 3,550,000
------------------------------------------------------------------
1,350,000 Ohio State University General Receipts Weekly VRDOs (National
Westminister Bank , PLC, London LOC) VMIG1 1,350,000
------------------------------------------------------------------
1,200,000 Ohio State Water Development Authority Weekly VRDOs (Series
B)/(The Mead Corp.)/(Swiss Bank Corp., Basle LOC) A-1+ 1,200,000
------------------------------------------------------------------
85,000 Ohio State Water Development Authority Weekly VRDOs (Honda of
America)/(Industrial Bank of Japan, Ltd., Tokyo LOC) P-1* 85,000
------------------------------------------------------------------
2,500,000 Ohio State Water Development Authority PCR Weekly VRDOs (Series
B)/(General Motors Corp.) VMIG2 2,500,000
------------------------------------------------------------------
1,650,000 Ohio State Water Development Authority, 3.90%,
6/1/94 MIG1 1,655,742
------------------------------------------------------------------
1,000,000 Ohio State Water Development Authority PCR Monthly VRDOs (Ohio
Edison Co.)/(Union Bank of Switzerland LOC) P1 1,002,715
------------------------------------------------------------------
</TABLE>
A.T. Ohio Municipal Money Fund
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Credit
Rating:
Principal Moody's/
Amount Issue S&P\\ Value
<C> <S> <C> <C>
- -------------- ------------------------------------------------------------------ ------------ ---------------
Short-Term Municipal Securities--continued
- ----------------------------------------------------------------------------------
$ 6,000,000 Ohio State Water Development Authority 2.40%, PCR CP (Duquesne
Light Co.)/(Toronto Dominion LOC)/ (Subject to AMT), 4/4/94 A-1+ $ 6,000,000
------------------------------------------------------------------
1,550,000 Oregon, OH, 2.49%, LT GO BANs, 3/16/94 A** 1,550,055
------------------------------------------------------------------
1,815,000 Orrville, OH, Hospital Facilities Authority Weekly VRDOs (Orrville
Hospital Foundation)/(National City Bank, Cleveland LOC) VMIG1 1,815,000
------------------------------------------------------------------
650,000 Orrville, OH, IDR Weekly VRDOs (O.S. Associates)/ (Countours,
Inc.)/(National City Bank, Cleveland LOC)/ (Subject to AMT) P-1* 650,000
------------------------------------------------------------------
975,000 Parma, OH, 2.73%, City School District, UT GO BANs, 3/10/94 A** 975,042
------------------------------------------------------------------
5,200,000 Pike County, OH, Weekly VRDOs (Bristol Village)/(Fifth Third Bank,
Cincinnati LOC) P-1* 5,200,000
------------------------------------------------------------------
2,870,000 Richland County, OH, IDR, Weekly VRDOs (Mansfield Motel
Partnership)/(Huntington National Bank, Columbus LOC)/(Subject to
AMT) P-1* 2,870,000
------------------------------------------------------------------
2,000,000 St. Mary's, OH, IDR, Weekly VRDOs (SETEX, Inc.)/ (Industrial Bank
of Japan, LOC)/(Subject to AMT) A1+ 2,000,000
------------------------------------------------------------------
1,410,000 Salem, OH, 2.758%, LT GO BANs, 12/29/94 A** 1,410,655
------------------------------------------------------------------
3,600,000 Salem, OH, Weekly VRDOs (Hospital Facilities Revenue)/(Marine
Bank, Erie, LOC) P-1* 3,599,999
------------------------------------------------------------------
2,625,000 Scioto County, OH, Weekly VRDOs (VHA Project)/ (AMBAC
Insured)/(First National Bank, Chicago LOC) Aaa 2,625,000
------------------------------------------------------------------
2,900,000 Shaker Heights, OH, 2.497%, City School District LT GO BANs,
10/20/94 Aa** 2,900,842
------------------------------------------------------------------
2,500,000 Sharonville, OH, EDR 6 MOX VRDOs (Philip R. Duke
Association)/(National City Bank of Dayton, NCB LOC),
Optional Tender 3/1/94 A-1+ 2,500,000
------------------------------------------------------------------
</TABLE>
A.T. Ohio Municipal Money Fund
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Credit
Rating:
Principal Moody's/
Amount Issue S&P\\ Value
<C> <S> <C> <C>
- -------------- ------------------------------------------------------------------ ------------ ---------------
Short-Term Municipal Securities--continued
- ----------------------------------------------------------------------------------
$ 1,000,000 Sharonville, OH, IDA Weekly VRDNs (Edgecomb Metals)/(Banque
Nationale de Paris LOC) A-1* $ 1,000,000
------------------------------------------------------------------
3,000,000 Sharonville, OH, Weekly VRDOs (XTEK, Inc.)/(Fifth Third Bank,
Cincinnati LOC)/(Subject to AMT) P-1* 3,000,000
------------------------------------------------------------------
450,000 Solon, OH, EDR 6 MOX VRDOs (Cintas)/(Fifth Third Bank, Cincinnati
LOC) Aa2 450,000
------------------------------------------------------------------
1,020,000 Stark County, OH, Health Facilities Weekly VRDOs
(St. Joseph Hospice)/(Bank One, Columbus LOC) P-1* 1,020,000
------------------------------------------------------------------
1,500,000 Stow, OH, 2.55%, LT GO BANs, 6/3/94 A1** 1,500,116
------------------------------------------------------------------
2,000,000 Stow, OH, 2.62%, LT GO BANs, 12/22/94 A1** 2,001,008
------------------------------------------------------------------
17,150,000 Student Loan Funding Corp. Weekly VRDOs (Series 1983A)/(Fuji Bank,
Ltd., Tokyo LOC)/(Subject to AMT) VMIG1 17,145,770
------------------------------------------------------------------
510,000 Summit County, OH, IDR 6 MOX VRDOs (Triscari Project)/(Bank One,
Akron, N.A. LOC)/(Subject to AMT) P-1* 510,000
------------------------------------------------------------------
1,600,000 Summit County, OH, Hospital Facilities Revenue Bonds Weekly VRDOs
(Cuyahoga Falls General Hospital)/(First National Bank of Ohio,
Akron LOC) P-1* 1,600,000
------------------------------------------------------------------
1,120,000 Summit County, OH, IDR 6 MOX VRDOs (Camshaft Project)/(Bank One,
Columbus, N.A. LOC) P-1* 1,120,000
------------------------------------------------------------------
1,690,000 Summit County, OH, Weekly VRDOs (Go Jo Industries, Inc.)/(Bank
One, Columbus, N.A. LOC) P-1* 1,690,000
------------------------------------------------------------------
500,000 Summit County, OH, IDR Weekly VRDOs (Raymond W. King Jr.
Project)/(Bank One, Akron, N.A. LOC) P-1* 500,000
------------------------------------------------------------------
1,000,000 Summit County, OH, 2.70%, LT GO BANs, 3/10/94 SP-1 1,000,024
------------------------------------------------------------------
3,000,000 Toledo, OH, 2.65% City Services Special Assessment Notes (Sumitomo
Bank, Ltd. LOC), 3/24/94 MIG1 3,000,000
------------------------------------------------------------------
2,000,000 Toledo, OH, 3.18% City Services Special Assessment Notes (Canadian
Imperial Bank LOC), 3/2/95 MIG1 2,003,480
------------------------------------------------------------------
</TABLE>
A.T. Ohio Municipal Money Fund
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Credit
Rating:
Principal Moody's/
Amount Issue S&P\\ Value
<C> <S> <C> <C>
- -------------- ------------------------------------------------------------------ ------------ ---------------
Short-Term Municipal Securities--continued
- ----------------------------------------------------------------------------------
$ 2,000,000 Toledo-Lucas County, OH, Port Authority, 2.05% CP (CSX
Corp.)/(Bank of Nova Scotia, Toronto LOC), Mandatory Tender 3/9/94 VMIG1 $ 2,000,000
------------------------------------------------------------------
1,000,000 Toledo-Lucas County, OH, Port Authority, 2.10% CP (CSX
Corp.)/(Bank of Nova Scotia, Toronto LOC), Mandatory Tender 4/7/94 VMIG1 1,000,000
------------------------------------------------------------------
4,700,000 Toledo-Lucas County, OH, Port Authority, 2.20% CP (CSX
Corp.)/(Bank of Nova Scotia, Toronto LOC), Mandatory Tender 4/7/94 VMIG1 4,700,000
------------------------------------------------------------------
4,700,000 Toledo-Lucas County, OH, Port Authority, 2.25% CP (CSX
Corp.)/(Bank of Nova Scotia, Toronto LOC), Mandatory Tender 4/5/94 VMIG1 4,700,000
------------------------------------------------------------------
2,000,000 Toledo-Lucas County, OH, Port Authority, 2.60% CP (CSX
Corp.)/(Bank of Nova Scotia, Toronto LOC), Mandatory Tender 5/9/94 VMIG1 2,000,000
------------------------------------------------------------------
2,800,000 Toledo-Lucas County, OH, Port Authority Weekly VRDOs (Medusa
Corp.)/(Bayerische Vereinsbank AG, Munich LOC)/(Subject to AMT) P-1* 2,800,000
------------------------------------------------------------------
1,000,000 Toledo-Lucas County, OH, Port Authority Weekly VRDOs (Frost Bite
Brands, Inc.)/(Old Kent Bank LOC) A1 1,000,000
------------------------------------------------------------------
7,000,000 Trumbull County, OH, Weekly VRDOs (Ellwood Engineered
Castings)/(Mellon Bank, N.A., Pittsburgh LOC)/(Subject to AMT) P-1* 7,000,000
------------------------------------------------------------------
300,000 Trumbull County, OH, IDA Weekly VRDOs (Series 1989)/(McDonald
Steel, Inc.)/(Marine Bank, Erie, PNC LOC)/(Subject to AMT) P-1* 300,000
------------------------------------------------------------------
1,200,000 Twinsburg, OH, IDR Weekly VRDOs (Weatherchem Corp.)/(National City
Bank, Cleveland LOC)/(Subject to AMT) P-1* 1,200,000
------------------------------------------------------------------
2,800,000 University of Cincinnati, OH, 3.02%, General Receipts BANs,
(Series S), 9/1/94 MIG1 2,803,021
------------------------------------------------------------------
</TABLE>
A.T. Ohio Municipal Money Fund
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Credit
Principal Rating:
Amount Moody's/
or Shares Issue S&P\\ Value
- -------------- ------------------------------------------------------------------ ------------ ---------------
<C> <S> <C> <C>
Short-Term Municipal Securities--continued
- ----------------------------------------------------------------------------------
$ 1,315,000 Vermilion, OH, 3.25%, LT GO BANs, 11/22/94 A** $ 1,317,342
------------------------------------------------------------------
2,290,000 Westerville, OH, EDR Weekly VRDOs (Series 1990)/ (American Ceramic
Society, Inc.)/(BancOhio National, Columbus, NCB LOC) P-1* 2,290,000
------------------------------------------------------------------
1,150,000 Westerville, OH, IDR Weekly VRDOs (Purdie Metals)/ (Banc One,
Columbus, N.A. LOC) P-1* 1,150,000
------------------------------------------------------------------
3,600,000 Westlake, OH, IDR Weekly VRDOs (Nordson Corp.)/ (Bayerische
Vereinsbank AG, Munich LOC) VMIG1 3,600,000
------------------------------------------------------------------
1,100,000 Wilmington, OH, 3.28%, LT GO BANs, 4/15/94 A** 1,100,574
------------------------------------------------------------------
1,000,000 Wyandot County, OH, IDR Weekly VRDOs (Fisher Big
Wheel)/(Bayerische Vereinsbank AG, Munich LOC) P-1 1,000,000
------------------------------------------------------------------ ---------------
Total Short-Term Municipal Securities $ 315,347,342
------------------------------------------------------------------ ---------------
Regulated Investment Companies--0.1%
- ----------------------------------------------------------------------------------
440,669 Dreyfus Ohio Tax Free Money Fund (at net asset value) P-1 440,669
------------------------------------------------------------------ ---------------
Total Investments, at amortized cost (Note 1A) $ 315,788,011\
------------------------------------------------------------------ ---------------
</TABLE>
\ Also represents cost for federal tax purposes.
\\ See Footnotes to Portfolio of Investments on page 13.
Note: The categories of investments are shown as a percentage of net assets
($314,583,577) at
February 28, 1994.
The following abbreviations are used in this portfolio:
<TABLE>
<S> <C>
AMBAC American Municipal Bond Assurance
Corp.
AMT Alternative Minimum Tax
BANs Bond Anticipation Notes
CP Commercial Paper
EDR Economic Development Revenue
EIR Environmental Improvement Revenue
GNMA Government National Mortgage
Association
GO General Obligation
HFA Housing Finance Authority
IDA Industrial Development Authority
IDB Industrial Development Bonds
IDR Industrial Development Revenue
LOC Letter of Credit
LT Limited Tax
MBIA Municipal Bond Investors Assurance
Corp.
PCR Pollution Control Revenue
SFM Single Family Mortgage
UT Unlimited Tax
VRDNs Variable Rate Demand Notes
VRDOs Variable Rate Demand Obligations
6 MOX 6-Month Rate Reset--6-Month Put Option
</TABLE>
(See Notes which are an integral part of the Financial Statements)
A.T. Ohio Municipal Money Fund
- --------------------------------------------------------------------------------
Footnotes to Portfolio of Investments
Moody's Investors Service, Inc. ("Moody's") highest rating for state and
municipal and other short-term notes is MIG1/VMIG1. Short-term municipal
securities rated MIG1/VMIG1 are of the best quality. They have strong protection
from established cash flows of funds for their servicing or from established and
broad-based access to the market for refinancing or both. The VMIG1 rating
denotes that the security has a demand feature. Moody's rating of MIG2/VMIG2
denotes high quality margins of protection which are ample although not so large
as in the preceding group.
The three highest ratings of Moody's for municipal bonds are Aaa, Aa and A.
Bonds rated Aaa are judged to be of the "best quality." The rating Aa is
assigned to bonds which are of "high quality by all standards," but as to which
margins of protection or other elements make long-term risks appear somewhat
larger than Aaa rated bonds. The Aaa and Aa rated bonds comprise what are
generally known as "high grade bonds." Bonds which are rated A by Moody's
possess many favorable investment attributes and are considered "upper medium
grade obligations." Factors giving security to principal and interest of A rated
bonds are considered adequate, but elements may be present which suggest a
susceptibility to impairment sometime in the future. The bonds in the A group
which Moody's believes possess the strongest investment attributes are
designated by the symbol A1.
Standard & Poor's Corporation ("S&P") highest rating for municipal commercial
paper is A-1. Short-term municipal commercial paper rated A-1 is of the best
quality. The capacity for timely payment on issues with an A-2 designation is
strong. The rating Prime-1 (P-1) is the highest municipal commercial paper
rating assigned by Moody's. Issues rated Prime-2 (P-2) have a strong capacity
for repayment of short-term promissory obligations.
The three highest ratings of S&P for municipal bonds are AAA (Prime), AA (High
Grade) and A (Good Grade). Bonds rated AAA have the highest rating assigned by
S&P to a debt obligation. Capacity to pay interest and repay principal is
extremely strong. Bonds rated AA have a very strong capacity to pay interest and
repay principal and differ from the highest rated issues only by a small degree.
Bonds rated A have a strong capacity to pay interest and repay principal
although they are somewhat more susceptible to the adverse effects of changes in
circumstances and economic conditions than bonds in higher rated categories. The
ratings from AA to A may be modified by the addition of a plus or minus sign to
show relative standing within the major rating categories.
The rating SP-1 is assigned by S&P to short-term municipal obligations with a
very strong or strong capacity to pay principal and interest. Those issues
determined to possess overwhelming safety characteristics will be given a plus
(+) designation. The SP-2 rating denotes a satisfactory capacity to pay
principal and interest.
* Indicates issues not rated by Moody's or S&P; however, the rating shown is
that of the obligor/guarantor.
** Indicates issues that do not have a short-term rating by Moody's or S&P;
however, the rating shown is the rating assigned to long-term securities of
the same issuer and management considers them to be the highest quality
should a short-term rating be assigned.
*** Indicates issues that are not currently rated by Moody's or S&P; however,
management considers them to be of high quality.
(See Notes which are an integral part of the Financial Statements)
A.T. Ohio Municipal Money Fund
(formerly, A.T. Ohio Tax-Free Money Fund)
Statement of Assets and Liabilities
Six Months Ended February 28, 1994
(unaudited)
- --------------------------------------------------------------------------------
<TABLE>
<S> <C> <C>
Assets:
- ------------------------------------------------------------------------------------------------
Investments, at amortized cost and value (Note 1A) $ 315,788,011
- ------------------------------------------------------------------------------------------------
Receivable for Fund shares sold 4,652,453
- ------------------------------------------------------------------------------------------------
Interest receivable 1,691,303
- ------------------------------------------------------------------------------------------------ ---------------
Total assets 322,131,767
- ------------------------------------------------------------------------------------------------
Liabilities:
- ------------------------------------------------------------------------------------------------
Payable for Fund shares redeemed $ 5,455,582
- ---------------------------------------------------------------------------------
Payable for investments purchased 2,003,480
- ---------------------------------------------------------------------------------
Dividends payable 1,356
- ---------------------------------------------------------------------------------
Accrued expenses 87,772
- --------------------------------------------------------------------------------- -------------
Total liabilities 7,548,190
- ------------------------------------------------------------------------------------------------ ---------------
Net Assets for 314,583,577 shares of beneficial interest outstanding $ 314,583,577
- ------------------------------------------------------------------------------------------------ ---------------
Net Asset Value, Offering Price, and Redemption Price Per Share
($314,583,577 / 314,583,577 shares of beneficial interest outstanding) $1.00
- ------------------------------------------------------------------------------------------------ ---------------
</TABLE>
(See Notes which are an integral part of the Financial Statements)
A.T. Ohio Municipal Money Fund
(formerly, A.T. Ohio Tax-Free Money Fund)
Statement of Operations
Six Months Ended February 28, 1994
(unaudited)
- --------------------------------------------------------------------------------
<TABLE>
<S> <C> <C>
Investment Income:
- ---------------------------------------------------------------------------------------------------
Interest income (Note 1B) $ 3,717,099
- ---------------------------------------------------------------------------------------------------
Expenses:
- ---------------------------------------------------------------------------------------------------
Investment advisory fee (Note 4) $ 711,661
- ------------------------------------------------------------------------------------
Administrative fee (Note 4) 175,991
- ------------------------------------------------------------------------------------
Trustees' fees 12,513
- ------------------------------------------------------------------------------------
Custodian, transfer and dividend disbursing
agent fees and expenses (Note 4) 59,054
- ------------------------------------------------------------------------------------
Recordkeeping fees 24,910
- ------------------------------------------------------------------------------------
Fund share registration costs 20,270
- ------------------------------------------------------------------------------------
Auditing fees 8,342
- ------------------------------------------------------------------------------------
Legal fees 7,100
- ------------------------------------------------------------------------------------
Printing and postage 19,067
- ------------------------------------------------------------------------------------
Insurance premiums 3,844
- ------------------------------------------------------------------------------------
Miscellaneous 4,849
- ------------------------------------------------------------------------------------ -------------
Total expenses 1,047,601
- ------------------------------------------------------------------------------------
Deduct--Waiver of investment advisory fee (Note 4) 122,441
- ------------------------------------------------------------------------------------ -------------
Net expenses 925,160
- --------------------------------------------------------------------------------------------------- -------------
Net investment income $ 2,791,939
- --------------------------------------------------------------------------------------------------- -------------
</TABLE>
(See Notes which are an integral part of the Financial Statements)
A.T. Ohio Municipal Money Fund
(formerly, A.T. Ohio Tax-Free Money Fund)
Statement of Changes in Net Assets
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Year Ended August 31,
<S> <C> <C>
1994* 1993
Increase (Decrease) in Net Assets:
- -----------------------------------------------------------------------------
Operations--
- -----------------------------------------------------------------------------
Net investment income $ 2,791,939 $ 5,510,771
- ----------------------------------------------------------------------------- ---------------- ----------------
Distributions to Shareholders (Note 2)--
- -----------------------------------------------------------------------------
Dividends to shareholders from net investment income (2,791,939) (5,510,771)
- ----------------------------------------------------------------------------- ---------------- ----------------
Fund Share (Principal) Transactions (Note 3)--
- -----------------------------------------------------------------------------
Proceeds from sale of shares 608,035,017 952,982,670
- -----------------------------------------------------------------------------
Net asset value of shares issued to shareholders
in payment of dividends declared 2,791,036 5,513,060
- -----------------------------------------------------------------------------
Cost of shares redeemed (558,923,232) (948,520,145)
- ----------------------------------------------------------------------------- ---------------- ----------------
Change in net assets from Fund share transactions 51,902,821 9,975,585
- ----------------------------------------------------------------------------- ---------------- ----------------
Change in net assets 51,902,821 9,975,585
- -----------------------------------------------------------------------------
Net Assets:
- -----------------------------------------------------------------------------
Beginning of period 262,680,756 252,705,171
- ----------------------------------------------------------------------------- ---------------- ----------------
End of period $ 314,583,577 $ 262,680,756
- ----------------------------------------------------------------------------- ---------------- ----------------
</TABLE>
* Six months ended February 28, 1994 (unaudited).
(See Notes which are an integral part of the Financial Statements)
A.T. Ohio Municipal Money Fund
(formerly, A.T. Ohio Tax-Free Money Fund)
Financial Highlights
- --------------------------------------------------------------------------------
(For a share outstanding throughout each period)
<TABLE>
<CAPTION>
Year Ended August 31,
---------------------------------------------------------------------------------------------------
1994* 1993\\\ 1992\\ 1991\ 1990 1989 1988 1987 1986
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------ --------- ---------- ---------- --------- --------- --------- --------- --------- ---------
Net asset value,
beginning of period $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
- ------------------------
Income from investment
operations
- ------------------------
Net investment income 0.01 0.02 0.03 0.05 0.05 0.06 0.04 0.04 0.05
- ------------------------
Less distributions
- ------------------------
Dividends to
shareholders from net
investment income (0.01) (0.02) (0.03) (0.05) (0.05) (0.06) (0.04) (0.04) (0.05)
- ------------------------ --------- ---------- ---------- --------- --------- --------- --------- --------- ---------
Net asset value, end of
period $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
- ------------------------ --------- ---------- ---------- --------- --------- --------- --------- --------- ---------
Total return*** 0.98% 2.14% 3.18% 4.67% 5.50% 5.76% 4.50% 3.75% 4.60%
- ------------------------
Ratios to Average Net
Assets
- ------------------------
Expenses 0.65 (a) 0.65% 0.65% 0.64% 0.65% 0.65% 0.63% 0.62% 0.63%
- ------------------------
Net investment income 1.96 (a) 2.12% 3.13% 4.59% 5.36% 5.60% 4.41% 3.71% 4.30%
- ------------------------
Expense waiver/
reimbursement (b) 0.09 (a) 0.07% 0.03% 0.02% 0.00% 0.00% 0.03% 0.00% 0.10%
- ------------------------
Supplemental Data
- ------------------------
Net assets, end of
period (000 omitted) $314,584 $262,681 $252,705 $253,177 $297,845 $278,337 $257,002 $223,677 $160,061
- ------------------------
<CAPTION>
1985**
<S> <C>
- ------------------------ ---------
Net asset value,
beginning of period $ 1.00
- ------------------------
Income from investment
operations
- ------------------------
Net investment income 0.01
- ------------------------
Less distributions
- ------------------------
Dividends to
shareholders from net
investment income (0.01)
- ------------------------ ---------
Net asset value, end of
period $ 1.00
- ------------------------ ---------
Total return*** 0.76%
- ------------------------
Ratios to Average Net
Assets
- ------------------------
Expenses -- (a)
- ------------------------
Net investment income 4.86%(a)
- ------------------------
Expense waiver/
reimbursement (b) 0.90%(a)
- ------------------------
Supplemental Data
- ------------------------
Net assets, end of
period (000 omitted) $34,478
- ------------------------
</TABLE>
* Six months ended February 28, 1994 (unaudited).
** Reflects operations for the period from July 3, 1985, to August
31, 1985. For the period from the start of business, June 19,
1985, to July 2, 1985, net investment income per share
aggregating $0.002 was distributed to the Fund's investment
adviser. Such distribution represented the net income of the
Fund prior to the initial public offering of Fund shares which
commenced July 3, 1985.
*** Based on net asset value, which does not reflect the sales load
or contingent deferred sales charge, if applicable.
\ Effective February 27, 1991, Ameritrust Company National Association
became investment adviser to the Fund.
\\ Effective March 16, 1992, the Fund's investment adviser was acquired by
Society Corporation. Effective July 13, 1992, the adviser was merged
into Society National Bank, another wholly-owned subsidiary of Society
Corporation.
\\\ Effective February 3, 1993, Society Asset Management, Inc., a wholly-owned
subsidiary of Society National Bank, was named investment adviser to the
Fund.
(a) Computed on an annualized basis.
(b) This voluntary expense decrease is reflected in both the expense
and net investment income ratios shown above (Note 4).
(See Notes which are an integral part of the Financial Statements)
A.T. Ohio Municipal Money Fund
(formerly, A.T. Ohio Tax-Free Money Fund)
Notes to Financial Statements
February 28, 1994
(unaudited)
- --------------------------------------------------------------------------------
(1) Significant Accounting Policies
The Fund is registered under the Investment Company Act of 1940, as amended, as
a non-diversified, open-end, management investment company. The following is a
summary of significant accounting policies consistently followed by the Fund in
the preparation of its financial statements. The policies are in conformity with
generally accepted accounting principles.
A. Investment Valuations--The Board of Trustees ("Trustees") has determined
that the best method currently available for valuing portfolio securities
is amortized cost. The Fund's use of the amortized cost method to value its
portfolio securities is conditioned on its compliance with Rule 2a-7 under
the Investment Company Act of 1940, as amended.
Since the Fund may invest a substantial portion of its assets in issuers
located in one state, it will be more susceptible to factors adversely
affecting issuers of that state, than would be a comparable general
tax-exempt mutual fund. In order to reduce the risk associated with such
factors, at February 28, 1994, 77.0% of the securities in the portfolio of
investments were backed by letters of credit of various financial
institutions and assurance agencies. The aggregate percentages by financial
institution ranged from 0.2% to 10.3% of total investments.
B. Income--Interest income is recorded on the accrual basis. Interest income
includes interest earned net of premium, and original issue discount as
required by the Internal Revenue Code.
C. Federal Taxes--It is the Fund's policy to comply with the provisions of the
Internal Revenue Code available to investment companies and distribute to
shareholders each year all of its net income, including any net realized
gain on investments. Accordingly, no provision for federal taxes is
necessary. Dividends paid by the Fund from net interest earned on
tax-exempt municipal bonds are not includable by shareholders as gross
income for federal tax purposes, because the Fund intends to meet certain
requirements of the Internal Revenue Code applicable to regulated
investment companies which will enable the Fund to pay exempt-interest
dividends.
D. When-Issued and Delayed Delivery Transactions--The Fund may engage in
when-issued or delayed delivery transactions. To the extent the Fund
engages in such transactions, it will do so for the purpose of acquiring
portfolio securities consistent with its investment objective and policies
and not for the purpose of investment leverage. The Fund will record a
when-issued security and the related liability on the trade date. Until the
securities are received and paid for, the Fund will maintain security
positions such that sufficient liquid assets will be available to make
payment for the securities purchased. Securities purchased on a when-issued
or delayed delivery basis are marked to market daily and begin earning
interest on the settlement date.
E. Other--Investment transactions are accounted for on the trade date of the
transaction.
(2) Dividends
The Fund computes its net income daily and, immediately prior to the calculation
of its net asset value at the close of business, declares and records dividends
of such net income to shareholders of record at the time of the previous
computation of the Fund's net asset value. Payment of dividends is made monthly
in cash, or in additional shares at the net asset value on the payable date.
(3) Shares of Beneficial Interest
The Declaration of Trust permits the Trustees to issue an unlimited number of
full and fractional shares of beneficial interest (without par value). At
February 28, 1994, capital paid in aggregated $314,583,577. Transactions in Fund
shares were as follows:
<TABLE>
<CAPTION>
Year Ended August 31,
<S> <C> <C>
1994* 1993
- -------------------------------------------------------------------------------- --------------- ---------------
Shares outstanding, beginning of period 262,680,756 252,705,171
- --------------------------------------------------------------------------------
Shares sold 608,035,017 952,982,670
- --------------------------------------------------------------------------------
Shares issued to shareholders in payment
of dividends declared 2,791,036 5,513,060
- --------------------------------------------------------------------------------
Shares redeemed (558,923,232) (948,520,145)
- -------------------------------------------------------------------------------- --------------- ---------------
Shares outstanding, end of period 314,583,577 262,680,756
- -------------------------------------------------------------------------------- --------------- ---------------
</TABLE>
* Six months ended February 28, 1994.
(4) Investment Advisory Fee and Other Transactions with Affiliates
On February 3, 1993, Society Asset Management, Inc. ("SAMI" or "Adviser"), a
wholly-owned subsidiary of Society National Bank (the Fund's former adviser),
was named as investment adviser to the Fund. This did not result in any change
affecting the investment operations of the Fund. The Adviser receives for its
services an annual investment advisory fee equal to 0.50 of 1% of the Fund's
average daily net assets. The Adviser may voluntarily waive a portion of its fee
and may terminate the waiver at any time.
Federated Administrative Services ("FAS") provides the Fund certain
administrative personnel and services. The fee is based on the level of average
aggregate net assets of all the mutual funds advised by SAMI for which FAS
serves as administrator. FAS may voluntarily choose to waive a portion of its
fee.
Society National Bank is the Fund's custodian, transfer and dividend disbursing
agent.
Certain of the Officers and Trustees of the Fund are Officers and Directors of
FAS.
(5) Subsequent Event
At a Special Meeting of Shareholders of the Fund held on February 24, 1994,
shareholders approved a new investment advisory contract between the Fund and
its current investment adviser, Society Asset Management, Inc. (the "Adviser").
Approval of a new contract was sought in connection with the merger of the
Adviser's parent, Society Corporation, with KeyCorp, which took place on March
1, 1994. The Adviser is now an indirect, wholly-owned subsidiary of the
resulting holding company, KeyCorp, which will be headquartered in the Society
Center complex in Cleveland, Ohio.
Trustees Officers
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
James H. Bodurtha, Esq. Edward C. Gonzales
Edward P. Campbell President and Treasurer
James E. Gulick Jeffrey W. Sterling
Harald Miller Vice President and Assistant Treasurer
Dr. Thomas F. Morrissey Jay S. Neuman
Secretary
</TABLE>
Mutual funds are not obligations of or insured by any bank, nor are they insured
by the federal government or any of its agencies.
This report is authorized for distribution to prospective investors only when
preceded
or accompanied by a Fund's prospectus which contains facts concerning its
objective and policies, management fees, expenses and other information.
A.T. OHIO MUNICIPAL
MONEY FUND
(formerly A.T. Ohio Tax-Free Money Fund)
SEMI ANNUAL REPORT
February 28, 1994
Society Asset Management, Inc.
Investment Adviser
Federated Securities Corp.
Distributor
8040408 (4/94)
