Adjourned Session of Shareholder Meeting Results (unaudited)
The adjourned session of the Annual Meeting of Shareholders of Churchill
Tax-Free Fund of Kentucky (the "Fund") was held on May 31, 2000. The holders
of shares representing 68% of the total net asset value of the shares
entitled to vote were present in person or by proxy. At the meeting, the
following matter was voted upon and approved by the shareholders (the
resulting votes for the matter are presented below).
1. To act upon a proposal to change the fundamental policies of the Fund to
allow the use of additional nationally recognized statistical rating
organizations.
Number of Votes:
For Against Abstain
100,234,138 2,108,008 4,782,566
