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

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

City of Portland	Reed College
Portland International Airport	Oregon Convention Center
Rogue Valley Medical Center
Since the portfolio is subject to change, the Trust may not necessarily currently own these specific securities.