-                                                      TABLE B-7                                                                     
                                                                                                                                     
                                                COLLECTIVE INVESTMENT FUNDS                                                          
                                              15 LARGEST MUNICIPAL BOND FUNDS                                                        
                                                       BY ASSET SIZE                                                                 
                                                     DECEMBER 31, 1996                                                               
0                                                                                                 FUND          TOTAL ASSETS   TOTAL 
 SEQ  NAME OF INSTITUTION                       FUND NAME                                     CLASSIFICATION    (THOUS. OF $) ACCOUNT
                                                                                                                                     
0  1  Wells Fargo Bank, National Associati  CALIFORNIA TAX-EXEMPT TOTAL RETURN BOND FD     01 PERSONAL TRUST         725,362    3,951
      SAN FRANCISCO, CA                                                                                                              
0  2  Wells Fargo Bank, National Associati  TAX-EXEMPT INTERMEDIATE BOND FUND              01 PERSONAL TRUST         682,125    4,553
      SAN FRANCISCO, CA                                                                                                              
0  3  SunTrust Bank, Atlanta                SUNTRUST GEORGIA TAX FREE FUND                 01 PERSONAL TRUST         636,486    1,768
      ATLANTA, GA                                                                                                                    
0  4  The Chase Manhattan Bank              THE INTERMEDIATE TERM TAX EXEMPT FUND          01 PERSONAL TRUST         621,591    2,490
      NEW YORK CITY, NY                                                                                                              
0  5  Texas Commerce Bank National Associa  LTD TERM TAX-EXEMPT TRUST                      01 PERSONAL TRUST         598,375    2,178
      HOUSTON, TX                                                                                                                    
0  6  First Union National Bank             NATIONAL TAX-EXEMPT BOND FUND                  01 PERSONAL TRUST         576,044    2,493
      CHARLOTTE, NC                                                                                                                  
0  7  NationsBank, National Association (S  INTERMEDIATE MUNICIPAL BOND FUND               01 PERSONAL TRUST         515,983    2,502
      ATLANTA, GA                                                                                                                    
0  8  First Union National Bank of Florida  FLORIDA TAX-EX BOND                            01 PERSONAL TRUST         492,525    1,744
      JACKSONVILLE, FL                                                                                                               
0  9  The Northern Trust Company            INTERMEDIATE TAX-EXEMPT BOND                   01 PERSONAL TRUST         455,148    1,594
      CHICAGO, IL                                                                                                                    
0 10  Boatmen's Trust Company of St. Louis  TAX-EXEMPT BOND FUND                           01 PERSONAL TRUST         437,117    1,887
      ST. LOUIS, MO                                                                                                                  
0 11  The Chase Manhattan Bank              THE TAX EXEMPT BOND FUND                       01 PERSONAL TRUST         398,855    1,779
      NEW YORK CITY, NY                                                                                                              
0 12  Firstar Trust Company                 TAX EXEMPT BOND FUND                           01 PERSONAL TRUST         391,280    2,089
      MILWAUKEE, WI                                                                                                                  
0 13  The Northern Trust Company            TAX-EXEMPT BOND                                01 PERSONAL TRUST         390,165    1,573
      CHICAGO, IL                                                                                                                    
0 14  United States Trust Company of New Y  INTERMEDIATE-TERM TAX EXEMPT                   01 PERSONAL TRUST         380,863    1,557
      NEW YORK CITY, NY                                                                                                              
0 15  Bankers Trust Company                 BTC TAX FREE INCOME FUND                       01 PERSONAL TRUST         371,912    1,279
      NEW YORK CITY, NY                                                                                                              
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