Tax-Free Trust of Arizona invests primarily in tax-free municipal obligations of Arizona issuers. These are the kind of securities that finance schools, highways, hospitals, and water and sewer facilities here in Arizona.

Thus, your investment in the Trust benefits not only yourself, through double tax-free income, but also improves the quality of life in Arizona.

Loop 101	Theodore Roosevelt Dam
Sky Harbor Airport	Boswell Memorial Hospital
Peoria Sports Complex
Since the portfolio is subject to change, the Trust may not necessarily currently own these specific securities.