January 7, 1999
Dear Investor:
Under separate cover you will receive, or have recently received, a reminder
from your investment brokerage firm to consider granting your consent to the
proposed reorganization of the America First Tax Exempt Mortgage Fund. You
are an important BUC holder in that Fund and your consent is very important to
us.
Please take the time to exercise your right to grant consent, keeping in mind
Fund management's recommendation to approve the transaction. If you have any
questions, please don't hesitate to call me directly at 800/283-2357.
Best wishes for a healthy and happy New Year.
Sincerely,
Maurice E. Cox, Jr.
