TABLE B-7

                                               COLLECTIVE INVESTMENT FUNDS
                                             15 LARGEST MUNICIPAL BOND FUNDS
                                                      BY ASSET SIZE
                                                    DECEMBER 31, 1997
                                                                                                 FUND          TOTAL ASSETS   TOTAL
SEQ  NAME OF INSTITUTION                       FUND NAME                                     CLASSIFICATION    (THOUS. OF $) ACCOUNT

  1  Mellon Bank, National Association     DF PA TAX EXEMPT MONEY MARKET FUND             01 PERSONAL TRUST         847,409    4,353
     PITTSBURGH, PA
  2  Wells Fargo Bank, National Associati  INTERMEDIATE TAX EXEMPT BOND FUND              01 PERSONAL TRUST         699,438    4,244
     SAN FRANCISCO, CA
  3  Wells Fargo Bank, National Associati  CALIFORNIA TAX EXEMPT TOTAL RETURN BOND FUN    01 PERSONAL TRUST         683,057    3,666
     SAN FRANCISCO, CA
  4  PNC Bank, National Association        PA TAX-FREE INCOME                             01 PERSONAL TRUST         678,619    3,708
     PITTSBURGH, PA
  5  SunTrust Bank, Atlanta                SUNTRUST GEORGIA TAX FREE FUND                 01 PERSONAL TRUST         646,414    1,686
     ATLANTA, GA
  6  Texas Commerce Bank National Associa  LIMITED TERM TAX EXEMPT TRUST                  01 PERSONAL TRUST         541,801    2,037
     HOUSTON, TX
  7  Corestates Bank, National Associatio  CS PA TAX EXEMPT TRUST                         01 PERSONAL TRUST         512,805    2,187
     PHILADELPHIA, PA
  8  Boatmen's Trust Company of St. Louis  TAX-EXEMPT BOND FUND                           01 PERSONAL TRUST         463,254    1,868
     ST. LOUIS, MO
  9  The Northern Trust Company            INTERMEDIATE TAX-EXEMPT BOND                   01 PERSONAL TRUST         425,537    1,493
     CHICAGO, IL
 10  Bankers Trust Company                 TAX FREE INCOME FUND                           01 PERSONAL TRUST         417,050    1,246
     NEW YORK CITY, NY
 11  United States Trust Company of New Y  INTERMEDIATE - TERM TAX EXEMPT                 01 PERSONAL TRUST         397,992    1,550
     NEW YORK CITY, NY
 12  Bessemer Trust Company                FUND C MUNICIPAL BOND                          01 PERSONAL TRUST         393,269      925
     WOODBRIDGE, NJ
 13  Boston Safe Deposit and Trust Compan  THE TAX EXEMPT BOND FUND                       01 PERSONAL TRUST         390,734    1,005
     BOSTON, MA
 14  The Northern Trust Company            TAX-EXEMPT BOND                                01 PERSONAL TRUST         384,647    1,486
     CHICAGO, IL
 15  Firstar Trust Company                 TAX EXEMPT BOND FUND                           01 PERSONAL TRUST         382,990    1,919
     MILWAUKEE, WI