Tax-Free Fund For Utah

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Prospectus/Reports Forms

Highlights

FAQ

Portfolio Managers

Performance

Taxable Equivalent Yield

Your Money at Work

Board of Trustees

Tax Information

Dividend Cut-Off Dates

Performance

Net Asset Value - 5/8/08
CLASS A	CLASS C
$9.86	$9.86

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Average Annual Total Returns as of 4/30/08

TAX-FREE FUND FOR UTAH Inception Date: July 24, 1992 (A Shares); May 21, 1996 (C Shares) * Not annualized
Share Class	YTD*	1 month*	3 month*	1 year	3 year	5 year	10 year	Since Inception
Class A (POP)	(3.93%)	(2.52%)	(4.82%)	(2.61%)	1.66%	2.87%	4.07%	5.03%
Class A (NAV)	0.12%	1.60%	(0.83%)	1.44%	3.04%	3.70%	4.49%	5.30%
Class C (CDSC)	(1.24%)	0.42%	(2.12%)	(0.38%)	2.18%	2.86%	3.56%	4.09%
Class C (w/o CDSC)	(0.25%)	1.43%	(1.13%)	0.62%	2.18%	2.86%	3.56%	4.09%
Total Annual Operating Expenses**: 0.85% (A Shares); 1.65% (C Shares) **The Manager has contractually undertaken to waive fees and/or reimburse Fund expenses during the period July 1, 2007 through June 30, 2008 so that total Fund expenses will not exceed 0.85% for Class A Shares, or 1.65% for Class C Shares.

Performance data represents past performance, but does not guarantee future results. Investment return & principal value will fluctuate; shares, when redeemed, may be worth more or less than their original cost; current performance may be lower or higher than the data presented. Class A shares have a maximum sales charge of 4.00%; Class C shares have no initial sales charge but a 1% contingent deferred sales charge applies to Class C shares redeemed within 12 months of their purchase date. The load or non-recurring fees would have reduced the performance figures shown without those expenses. Before investing, carefully read about and consider the investment objectives, risks, charges, expenses, and other information found in the Prospectus.