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SIGNATURE DONNA M. MCMANUS
TITLE TREASURER
<PAGE>
Independent Auditors' Report
The Board of Directors and Stockholders,
Lord Abbett Tax-Free Income Trust, Inc.:
We have audited the accompanying statements of net assets of the Florida Series,
Pennsylvania Series, Michigan Series, and Georgia Series of Lord Abbett Tax-Free
Income Trust, Inc. as of October 31, 1999, the related statements of operations
for the year ended and of changes in net assets for each of the years in the
two-year period then ended, and the financial highlights for each of the periods
presented. These financial statements and the financial highlights are the
responsibility of the Company's management. Our responsibility is to express an
opinion on these financial statements and the financial highlights based on our
audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements and financial
highlights are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. Our procedures included confirmation of securities owned at October
31, 1999 by correspondence with the custodian and brokers; where replies were
not received from brokers, we performed other auditing procedures. An audit also
includes assessing the accounting principles used and significant estimates made
by management, as well as evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis for our
opinion.
In our opinion, such financial statements and financial highlights present
fairly, in all material respects, the financial position of the Florida Series,
Pennsylvania Series, Michigan Series, and Georgia Series of Lord Abbett Tax-Free
Income Trust, Inc. at October 31, 1999, the results of their operations, the
changes in their net assets and their financial highlights for the respective
periods presented, in conformity with generally accepted accounting principles.
Deloitte & Touche LLP
New York, New York
December 17, 1999
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<NAME> LORD ABBETT TAX-FREE INCOME TRUST
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