MUNI FUNDS MAKE A REBOUND

Municipal bond funds have begun to recover from the battering allbonds took in the falling rate environment of 1993 and 1994. Here isa look at the leading muni fund performers over the past 12 months,and the leaders over the first seven months of this year. The latestfigures show appreciable gains in performance: LEADERS OVER THE PAST 12 MONTHS Fund Total return

1. UST Master T; E Long-Term 11.62

2. Prairie Municipal Bond A 10.22

3. Blanchard Flexible T; F Bond 9.86

4. STI Classic Inv Grade T; E Tr 9.46

5. Smith Barney Managed Munis A 9.26

6. STI Classic Inv. Grade T; Elnv 9.02

7. Executive Investors Ins T; E 9.00

8. Smith Barney Managed Munis B 8.69

9. MAS Municipal 8.58 10. UST Master Int-Trm Tax Exempt 8.55 LEADERS IN THE FIRST SEVEN MONTHS OF THIS YEAR Fund Total return

1. Smith Barney Managed Munis A 13.63

2. Smith Barney Managed Munis B 13.31

3. UST Master T; E Long-Term 13.02

4. Princor Tax-Exempt Bond A 13.00

5. Blanchard Flexible T; F Bond 12.93

6. Alliance Muni Insured Natl A 12.86

7. Safeco Insured Muni Bond 12.82

8. Alliance Muni Income Natl A 12.61

9. Safeco Adv Municipal Bond A 12.54 10. Princor Tax-Exempt Bond B 12.51

SUN-TIMES