<PAGE> PAGE 1
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<PAGE> PAGE 2
007 C021000 THE ALABAMA TAX FREE BOND FUND
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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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
068 A000400 N
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070 F020400 N
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070 G020400 N
070 H010400 N
070 H020400 N
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070 I020400 N
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070 J020400 N
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070 K020400 N
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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014 B000501 8-24674
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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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 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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<PAGE> PAGE 41
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014 B000801 8-24674
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<PAGE> PAGE 42
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<PAGE> PAGE 43
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<PAGE> PAGE 44
066 C000800 N
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070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 N
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070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
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070 J020800 N
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070 K020800 N
070 L010800 Y
070 L020800 N
070 M010800 N
070 M020800 N
070 N010800 N
070 N020800 N
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070 O020800 N
070 P010800 Y
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070 Q010800 N
070 Q020800 N
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<PAGE> PAGE 45
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<PAGE> PAGE 46
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008 A000901 LOWE,BROCKENBROUGH & TATTERSALL, INC.
008 B000901 A
008 C000901 801-6691
008 D010901 RICHMOND
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014 A000901 COUNTRYWIDE INVESTMENTS, INC.
014 B000901 8-24674
015 A000901 STAR BANK, N.A.
015 B000901 C
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015 C020901 OH
015 C030901 45202
015 E010901 X
015 A000902 BANKERS TRUST COMPANY
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<PAGE> PAGE 47
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<PAGE> PAGE 48
048 J010900 0
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054 O000900 N
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<PAGE> PAGE 49
064 A000900 Y
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070 D020900 N
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070 E020900 N
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070 F020900 N
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070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
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070 J020900 N
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<PAGE> PAGE 50
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<PAGE> PAGE 51
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008 A001001 T. LEAVELL & ASSOCIATES, INC.
008 B001001 A
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008 D011001 MOBILE
008 D021001 AL
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014 A001001 COUNTRYWIDE INVESTMENTS, INC.
014 B001001 8-24674
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<PAGE> PAGE 52
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<PAGE> PAGE 53
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<PAGE> PAGE 54
064 A001000 Y
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070 H011000 N
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 N
070 J021000 N
070 K011000 Y
070 K021000 Y
070 L011000 N
070 L021000 N
070 M011000 N
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070 N011000 N
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<PAGE> PAGE 55
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<PAGE> PAGE 56
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008 A001101 LOWE, BROCKENBROUGH & TATTERSALL, INC.
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<PAGE> PAGE 57
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<PAGE> PAGE 58
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<PAGE> PAGE 59
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<PAGE> PAGE 60
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015 D011133 THAILAND
015 D021133 10120
015 E041133 X
015 A001134 THE NORTHERN TRUST COMPANY
015 B001134 S
015 C011134 LONDON
015 D011134 ENGLAND
015 D021134 EC2M3XS
015 E041134 X
015 A001135 FIRST CHICAGO CLEARING CENTRE
015 B001135 S
015 C011135 LONDON
015 D011135 ENGLAND
015 D021135 WC2E9RB
015 E041135 X
015 A001136 CESKOSLOVENSKA OBCHODNI BANKA
015 B001136 S
015 C011136 PRAGUE
015 D011136 CZECH REPUBLIC
015 E041136 X
015 A001137 BARCLAYS BANK
015 B001137 S
015 C011137 ATHENS
015 D011137 GREECE
015 E041137 X
015 A001138 CITIBANK BUDAPEST
015 B001138 S
015 C011138 BUDAPEST
015 D011138 HUNGARY
015 E041138 X
015 A001139 CITIBANK
015 B001139 S
015 C011139 BOMBAY
015 D011139 INDIA
015 E041139 X
015 A001140 BANK LEUMI
015 B001140 S
015 C011140 TEL AVIV
015 D011140 ISRAEL
015 E041140 X
015 A001141 BANK POLSKA KASA OPIEKI
015 B001141 S
015 C011141 WARSAW
015 D011141 POLAND
<PAGE> PAGE 61
015 E041141 X
015 A001142 BANK HANDLOWY W. WARSZAWIE
015 B001142 S
015 C011142 WARSAW
015 D011142 POLAND
015 E041142 X
015 A001143 BANCO ESPIRITO SANTO E COMMERCIAL DE LISBOA
015 B001143 S
015 C011143 LISBON
015 D011143 PORTUGAL
015 E041143 X
015 A001144 CREDIT SUISSE
015 B001144 S
015 C011144 MOSCOW
015 D011144 RUSSIA
015 E041144 X
015 A001145 CITITRUST COLUMBIA
015 B001145 S
015 C011145 BOGOTA
015 D011145 COLUMBIA
015 E041145 X
015 A001146 CITIBANK
015 B001146 S
015 C011146 KARACHI
015 D011146 PAKISTAN
015 E041146 X
015 A001147 CITIBANK
015 B001147 S
015 C011147 MACKA
015 D011147 TURKEY
015 D021147 802000
015 E041147 X
015 A001148 CITIBANK
015 B001148 S
015 C011148 CARACAS
015 D011148 VENEZUELA
015 D021148 1010
015 E041148 X
024 001100 N
025 D001101 0
025 D001102 0
025 D001103 0
025 D001104 0
025 D001105 0
025 D001106 0
025 D001107 0
025 D001108 0
028 A011100 462
028 A021100 0
028 A031100 0
028 A041100 9
<PAGE> PAGE 62
028 B011100 686
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028 B031100 0
028 B041100 7
028 C011100 153
028 C021100 62
028 C031100 0
028 C041100 0
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028 D021100 0
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028 D041100 0
028 E011100 821
028 E021100 0
028 E031100 0
028 E041100 8
028 F011100 778
028 F021100 0
028 F031100 0
028 F041100 0
028 G011100 3040
028 G021100 62
028 G031100 0
028 G041100 24
028 H001100 0
037 001100 N
038 001100 0
039 001100 N
040 001100 N
041 001100 N
045 001100 Y
046 001100 N
047 001100 Y
048 001100 1.000
048 A011100 0
048 A021100 0.000
048 B011100 0
048 B021100 0.000
048 C011100 0
048 C021100 0.000
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048 D021100 0.000
048 E011100 0
048 E021100 0.000
048 F011100 0
048 F021100 0.000
048 G011100 0
048 G021100 0.000
048 H011100 0
048 H021100 0.000
048 I011100 0
<PAGE> PAGE 63
048 I021100 0.000
048 J011100 0
048 J021100 0.000
048 K011100 0
048 K021100 0.000
049 001100 N
050 001100 N
051 001100 N
052 001100 N
053 A001100 N
054 A001100 Y
054 B001100 Y
054 C001100 Y
054 D001100 N
054 E001100 N
054 F001100 N
054 G001100 N
054 H001100 Y
054 I001100 N
054 J001100 Y
054 K001100 N
054 L001100 Y
054 M001100 Y
054 N001100 N
054 O001100 N
058 A001100 N
059 001100 Y
060 A001100 Y
060 B001100 Y
061 001100 5000
062 A001100 N
062 B001100 0.0
062 C001100 0.0
062 D001100 0.0
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
062 H001100 0.0
062 I001100 0.0
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 0.0
062 N001100 0.0
062 O001100 0.0
062 P001100 0.0
062 Q001100 0.0
062 R001100 0.0
066 A001100 Y
066 B001100 N
066 C001100 N
<PAGE> PAGE 64
066 D001100 N
066 E001100 N
066 F001100 N
066 G001100 Y
067 001100 N
068 A001100 N
068 B001100 Y
069 001100 N
070 A011100 Y
070 A021100 N
070 B011100 Y
070 B021100 N
070 C011100 N
070 C021100 N
070 D011100 N
070 D021100 N
070 E011100 N
070 E021100 N
070 F011100 N
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 N
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 N
070 J021100 N
070 K011100 Y
070 K021100 N
070 L011100 Y
070 L021100 Y
070 M011100 Y
070 M021100 Y
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 Y
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 N
070 R021100 N
071 A001100 9663
071 B001100 8203
071 C001100 32535
071 D001100 25
072 A001100 6
072 B001100 33
072 C001100 314
<PAGE> PAGE 65
072 D001100 0
072 E001100 0
072 F001100 172
072 G001100 42
072 H001100 0
072 I001100 0
072 J001100 30
072 K001100 1
072 L001100 2
072 M001100 2
072 N001100 12
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072 P001100 0
072 Q001100 0
072 R001100 2
072 S001100 1
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072 U001100 0
072 V001100 0
072 W001100 11
072 X001100 275
072 Y001100 0
072 Z001100 72
072AA001100 1417
072BB001100 774
072CC011100 5608
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072DD011100 62
072DD021100 0
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073 C001100 0.0000
074 A001100 1780
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074 C001100 0
074 D001100 0
074 E001100 0
074 F001100 36635
074 G001100 0
074 H001100 0
074 I001100 0
074 J001100 185
074 K001100 0
074 L001100 79
074 M001100 12
074 N001100 38691
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<PAGE> PAGE 66
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 24
074 S001100 0
074 T001100 38629
074 U011100 3267
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075 B001100 34360
076 001100 0.00
SIGNATURE JOHN F. SPLAIN
TITLE SECRETARY
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