CHRISTOPHER (CHRIS) B. JOHNS is the Portfolio Manager of Tax-Free Trust of Oregon. Mr. Johns is Senior Vice President and Portfolio Manager with the Sub-Adviser to the Trust, Davidson Fixed Income Management and has over 30 years of experience as a fixed-income portfolio manager. Over that period of time, Mr. Johns has managed tax-exempt fixed-income assets through a variety of interest rate cycles, providing him with experience and insight which will be beneficial in managing Tax-Free Trust of Oregon.

Mr. Johns has been the Portfolio Manager of Tax-Free Fund of Colorado, another tax-exempt offering from the Aquila Group of Funds, since its inception in 1987, and also provides portfolio management services for a number of government entity accounts. Prior to joining the new sub-adviser in 1992, Mr. Johns was a Senior Portfolio Manager and Fixed-Income Analyst for United Bank of Denver (now Wells Fargo, Denver), where he developed and implemented investment strategy and trading policies for Tax-Free Fund of Colorado, in addition to coordinating and directing all municipal bond trading for accounts representing $400 million in tax-exempt assets. Mr. Johns conducts numerous investment seminars and financial professional briefings on municipal bonds, which cover economic, political and legislative developments. Mr. Johns holds a BBA in Finance from the University of Cincinnati, and will divide his time between Oregon and Colorado.