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VANGUARD OHIO TAX-EXEMPT FUNDS
INSURED LONG-TERM TAX-EXEMPT FUND
SUPPLEMENT TO THE PROSPECTUS DATED MARCH 30, 1999
PORTFOLIO MANAGER
Christopher W. Alwine has replaced Danine Mueller as the Fund manager for the
Ohio Insured Long-Term Tax-Exempt Fund. Mr. Alwine has worked in investment
management since joining Vanguard in 1991 and has managed portfolio investments
since 1996. He is a Chartered Financial Analyst, and holds a B.B.A. degree from
Temple University and an M.S. degree from Drexel University.
(C)2000 The Vanguard Group, Inc. All rights reserved. PS96N-01/07/2000
Vanguard Marketing Corporation, Distributor